8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Oct 25, 2016)

Filed October 25, 2016For Securities:AMP

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K on October 25, 2016, to report its financial results for the third quarter of 2016. The filing primarily serves as an announcement of these results, incorporating by reference a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2). Investors should note that the company presents its financial information on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases. The non-GAAP measures are utilized to provide a clearer view of the company's core operations and performance trends by excluding items such as the impact of consolidating certain investment entities, restructuring charges, and market-related adjustments on insurance and annuity products. Management believes these adjusted figures offer a more meaningful analysis for investors and are used internally for performance evaluation and compensation. Investors are encouraged to review both the GAAP and non-GAAP figures provided in the exhibits to gain a comprehensive understanding of Ameriprise's financial condition and operational performance during the third quarter of 2016.

Key Highlights

  • 1Ameriprise Financial announced its third quarter 2016 financial results via an 8-K filing.
  • 2The company utilizes both GAAP and non-GAAP financial reporting to present its results.
  • 3Non-GAAP measures are employed to provide a clearer view of underlying core operational performance.
  • 4Key exclusions for non-GAAP adjustments include consolidating certain investment entities (CIEs), restructuring charges, and market impacts on insurance/annuity products.
  • 5Management believes non-GAAP measures facilitate better trend analysis and reflect core business performance.
  • 6The filing includes a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) with detailed financial information.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Ameriprise Financial's financial results for the third quarter of 2016, as detailed in the accompanying press release and statistical supplement.

Ameriprise Financial uses non-GAAP measures to provide investors with a view of its underlying core operations and financial performance, excluding certain items that management believes do not reflect the company's ongoing business trends, such as consolidation of certain investment entities, restructuring charges, and specific market impacts on financial products.

Common adjustments in the non-GAAP figures include excluding the impact of consolidating certain investment entities (CIEs), integration/restructuring charges, the annual review of insurance and annuity valuation assumptions ('unlocking'), market impacts on variable annuity and indexed universal life benefits, market impact of hedges, net realized investment gains/losses, and income/loss from discontinued operations.

The detailed financial results are available in Exhibit 99.1 (the press release) and Exhibit 99.2 (the Statistical Supplement) attached to this 8-K filing.