Summary
This 8-K filing from Ameriprise Financial, Inc. (AMP) on January 30, 2019, primarily announces the Company's financial results for the fourth quarter of 2018. The report references a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) containing detailed financial information. Investors should note that the Company presents its financial results on both a GAAP and a non-GAAP adjusted basis. The non-GAAP measures are intended to provide a clearer view of the underlying performance of the Company's core operations by excluding items such as the impact of consolidating certain investment entities, restructuring charges, market impacts on variable annuity and life benefits, net realized investment gains/losses, and the effects of the Tax Cuts and Jobs Act. Management believes these adjusted figures facilitate more meaningful trend analysis and are used internally for performance evaluation and compensation.
Key Highlights
- 1Ameriprise Financial announced its fourth quarter 2018 financial results on January 30, 2019.
- 2The filing includes a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) with detailed financial data.
- 3The Company provides financial results on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases.
- 4Non-GAAP measures are used to exclude specific items like consolidated investment entities, restructuring charges, and market impacts on insurance products.
- 5Management believes non-GAAP reporting offers a better reflection of core operations and facilitates trend analysis.
- 6Various non-GAAP measures related to earnings, expenses, revenues, return on equity, debt, and capital are presented.