8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jan 27, 2016)

Filed January 27, 2016For Securities:AMP

Summary

Ameriprise Financial, Inc. filed an 8-K on January 27, 2016, to report its financial results for the fourth quarter of 2015. The filing includes a press release and a statistical supplement detailing these results on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases. Of particular note for investors is the company's extensive use of non-GAAP measures to present what management considers to be a clearer view of its core operations and financial performance. These adjusted figures exclude various items such as the impact of consolidating certain investment entities, integration/restructuring charges, market impacts on benefits, and realized investment gains/losses. The company asserts that these non-GAAP metrics facilitate more meaningful trend analysis and better reflect its underlying performance and capital structure.

Key Highlights

  • 1Ameriprise Financial released its fourth quarter 2015 financial results on January 27, 2016, via an 8-K filing.
  • 2The filing incorporates a press release (Exhibit 99.1) and a Statistical Supplement (Exhibit 99.2) for the quarter ended December 31, 2015.
  • 3Financial results are presented on both a GAAP and a non-GAAP adjusted basis.
  • 4The company utilizes a comprehensive set of non-GAAP financial measures to highlight core operational performance.
  • 5Key exclusions in non-GAAP measures include consolidating certain investment entities (CIEs), restructuring charges, and market impacts on certain financial products.
  • 6Management believes these non-GAAP measures provide a better reflection of underlying business performance and facilitate trend analysis.
  • 7The filing also includes non-GAAP measures for debt, capital, and shareholders' equity, aimed at representing the company's capital structure more effectively.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Ameriprise Financial's financial results for the fourth quarter of 2015. It includes a press release and a statistical supplement detailing these results.

Ameriprise uses non-GAAP measures to provide what it believes is a clearer view of its underlying core operations and financial performance. These measures exclude certain items like consolidation of investment entities, restructuring charges, and market impacts, which management believes can obscure underlying trends and make comparisons more difficult.

Key items excluded in the non-GAAP financial measures include the impact of consolidating certain investment entities (CIEs), integration and restructuring charges, market impact on variable annuity and indexed universal life benefits, market impact of hedges, net realized investment gains/losses, and income/loss from discontinued operations.

This 8-K filing primarily reports historical financial results for the fourth quarter of 2015. It does not contain specific forward-looking guidance or new projections for future financial performance.