Summary
Ameriprise Financial, Inc. (AMP) filed an 8-K on April 27, 2016, to report its financial results for the first quarter of 2016. The filing includes a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) detailing these results. Notably, the company provided financial information on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases. Management uses these non-GAAP measures to offer a clearer view of underlying core operations and facilitate trend analysis by excluding items such as the impact of consolidating certain investment entities, restructuring charges, market impacts on variable and indexed life benefits, hedging impacts, and realized investment gains/losses. Investors should pay attention to these adjusted figures, as management believes they better reflect the company's performance and capital structure.
Key Highlights
- 1Ameriprise Financial released its Q1 2016 financial results on April 27, 2016, via an 8-K filing.
- 2The filing includes a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2).
- 3The company presented financial results on both GAAP and non-GAAP adjusted bases.
- 4Non-GAAP measures were used to provide a view of core operations and aid trend analysis.
- 5Key exclusions for non-GAAP adjustments include consolidating certain investment entities, restructuring charges, and market impacts on specific insurance products.
- 6Non-GAAP measures also apply to debt, capital, and shareholders' equity to reflect the capital structure.
- 7The Chief Financial Officer, Walter S. Berman, signed the report.