Summary
Ameriprise Financial, Inc. (AMP) filed an 8-K on July 24, 2018, to report its second quarter 2018 financial results. The filing primarily consists of a press release and a statistical supplement detailing these results. Investors should note that the company presents its financial information on both a Generally Accepted Accounting Principles (GAAP) and a non-GAAP adjusted basis. Management believes these non-GAAP measures, which exclude items such as the impact of consolidating certain investment entities and various market impacts, provide a clearer view of the company's core operational performance and facilitate better trend analysis.
Key Highlights
- 1Ameriprise Financial released its Q2 2018 financial results on July 24, 2018.
- 2The filing includes a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2).
- 3The company provides both GAAP and non-GAAP adjusted financial results.
- 4Non-GAAP measures are used to reflect core operations and facilitate trend analysis.
- 5Key exclusions in non-GAAP reporting include consolidated investment entities (CIEs), integration/restructuring charges, and market impacts on variable annuity and indexed life benefits.
- 6Non-GAAP measures related to debt, capital, and shareholders' equity are also presented to represent the capital structure.
Frequently Asked Questions
The main purpose of this 8-K filing is to report Ameriprise Financial's financial results for the second quarter of 2018, along with providing accompanying detailed financial information.
The filing presents both GAAP (Generally Accepted Accounting Principles) results and non-GAAP adjusted results. The non-GAAP measures exclude certain items like the impact of consolidating investment entities, integration/restructuring charges, and various market-related impacts to provide what management believes is a better reflection of core operational performance.
Ameriprise uses non-GAAP financial measures because management believes they better reflect the underlying performance of its core operations and allow for a more meaningful trend analysis. They are also used for business planning, analysis, and some compensation matters, and are considered by some analysts and investors.
The detailed financial information for Q2 2018 can be found in the press release (Exhibit 99.1) and the Statistical Supplement (Exhibit 99.2) attached to this 8-K filing.