8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jul 24, 2019)

Filed July 24, 2019For Securities:AMP

Summary

Ameriprise Financial Inc. (AMP) filed an 8-K on July 24, 2019, to report its second-quarter 2019 financial results. The filing primarily consists of a press release and a statistical supplement detailing these results. Investors should note that the company provides both GAAP and non-GAAP financial measures. The non-GAAP measures are adjusted to exclude various items such as the impact of consolidating certain investment entities, restructuring charges, market impacts on certain insurance benefits, and realized investment gains or losses. Management believes these adjustments offer a clearer view of the company's core operational performance and facilitate trend analysis. The company emphasizes that its non-GAAP financial measures, including adjusted operating earnings, adjusted operating earnings per diluted share, and various revenue and expense metrics, are key indicators used internally and by some investors for performance evaluation. Additionally, AMP presents non-GAAP debt, capital, and shareholders' equity measures, along with related ratios, which exclude items like accumulated other comprehensive income (AOCI) and fair value of hedges to better represent the capital structure. Investors are encouraged to review both GAAP and non-GAAP figures to gain a comprehensive understanding of Ameriprise's financial health and performance.

Key Highlights

  • 1Ameriprise Financial (AMP) filed an 8-K on July 24, 2019, to announce its Q2 2019 financial results.
  • 2The filing includes a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) for the quarter ended June 30, 2019.
  • 3The company provides financial results on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases.
  • 4Non-GAAP measures are adjusted to exclude items like consolidating investment entities, restructuring charges, and market impacts on certain benefits.
  • 5Management uses these non-GAAP measures to better reflect core operations and facilitate trend analysis.
  • 6Key non-GAAP performance indicators mentioned include adjusted operating earnings and adjusted operating earnings per diluted share.
  • 7The company also presents non-GAAP capital and debt measures, excluding items like AOCI and fair value of hedges, to represent its capital structure.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially announce and provide access to Ameriprise Financial Inc.'s financial results for the second quarter of 2019. It includes the press release detailing these results and a statistical supplement for further financial data.

Ameriprise Financial presents both GAAP and non-GAAP results to offer investors a more comprehensive view. The non-GAAP measures are adjusted to exclude certain items that management believes do not reflect the core, underlying performance of the business, thereby facilitating a more meaningful trend analysis and comparison.

The non-GAAP measures are adjusted to exclude items such as the impact of consolidating certain investment entities, integration/restructuring charges, market impacts on variable annuity guaranteed benefits and indexed universal life benefits, realized investment gains (losses), and other specific market impacts and accounting adjustments. Specific adjustments can vary for performance versus capital/debt measures.

Investors may want to pay close attention to key non-GAAP performance indicators like 'adjusted operating earnings' and 'adjusted operating earnings per diluted share,' as management uses these to evaluate the company's core operational performance. Additionally, the non-GAAP capital and debt measures provide insight into the company's capital structure adjustments.