Summary
Ameriprise Financial, Inc. (AMP) filed an 8-K on April 24, 2019, to announce its financial results for the first quarter of 2019, ending March 31, 2019. The filing incorporates by reference the press release and a statistical supplement detailing these results. A key aspect of the disclosure is the presentation of financial information on both a Generally Accepted Accounting Principles (GAAP) basis and a non-GAAP adjusted basis. Management utilizes these non-GAAP measures to provide a clearer view of the company's underlying core operations and to facilitate trend analysis, excluding items such as consolidating certain investment entities, integration/restructuring charges, and market impacts on various insurance benefits. Investors should pay close attention to these adjusted figures, as they are considered important indicators by management and are used in business planning and compensation decisions, and are often used by securities analysts. The filing also details specific non-GAAP measures for debt, capital, and shareholders' equity that exclude certain items like accumulated other comprehensive income (AOCI) and the impact of consolidating investment entities, aiming to better represent the company's capital structure.
Key Highlights
- 1Ameriprise Financial reported its Q1 2019 financial results on April 24, 2019, via an 8-K filing.
- 2The company provided financial results on both GAAP and non-GAAP adjusted bases.
- 3Non-GAAP measures are used to reflect underlying core operations and facilitate trend analysis.
- 4Key exclusions for non-GAAP adjustments include consolidating investment entities, restructuring charges, and market impacts on insurance benefits.
- 5Specific non-GAAP measures are presented for debt, capital, and shareholders' equity to better represent the capital structure.
- 6Management considers these non-GAAP metrics important for performance evaluation and business planning.