What is the main purpose of this 8-K filing?

The primary purpose of this 8-K filing is to officially announce and provide access to Ameriprise Financial's financial results for the fourth quarter of 2019. It incorporates by reference the company's earnings press release and a statistical supplement that contain detailed financial information.

Why does Ameriprise provide both GAAP and non-GAAP financial results?

Ameriprise provides non-GAAP financial measures to offer investors a view of the company's underlying operational performance that management believes better reflects core business trends. These non-GAAP figures exclude certain items that can distort year-over-year comparisons, such as integration costs, assumption updates ('unlocking'), and specific market impacts.

What types of adjustments are made to arrive at the non-GAAP figures?

The adjustments to GAAP figures to arrive at non-GAAP measures are extensive and include, but are not limited to, excluding the impact of consolidating certain investment entities, integration/restructuring charges, annual reviews of insurance and annuity valuation assumptions ('unlocking'), market impacts on variable annuity and other benefits, and realized investment gains/losses.

Are there any specific non-GAAP metrics that investors should pay close attention to?

Investors should note key non-GAAP metrics such as 'adjusted operating earnings,' 'adjusted operating earnings per diluted share,' and various 'adjusted operating' revenue and expense measures. Additionally, the company provides adjusted capital and debt measures, which management believes better represent its capital structure and are used for evaluating financial performance and strategic planning.

AMP 8-K: Earnings & Results

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K on January 29, 2020, to announce its fourth-quarter 2019 financial results. The filing primarily serves as a vehicle to incorporate by reference a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) detailing these results. Investors should note that the company provides both GAAP and non-GAAP adjusted financial information. The non-GAAP measures are presented to offer a clearer view of core operational performance and facilitate trend analysis by excluding items such as the impact of consolidating certain investment entities, restructuring charges, assumption updates for insurance and annuity valuations, and market impacts on guaranteed benefits. The company explicitly lists numerous non-GAAP metrics it uses to evaluate performance, including adjusted operating earnings, adjusted operating earnings per diluted share, and various capital and debt measures. This detailed presentation of both GAAP and non-GAAP figures, along with the explanations for adjustments, is crucial for investors seeking to understand the company's underlying financial health and performance trends.

Key Highlights

1Ameriprise Financial announced its Q4 2019 financial results via an 8-K filing on January 29, 2020.
2The filing incorporates by reference a press release (Exhibit 99.1) and a Statistical Supplement (Exhibit 99.2) for the period ending December 31, 2019.
3The company provides both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial results.
4Non-GAAP measures are used to reflect underlying core operations and facilitate trend analysis.
5Adjustments to GAAP figures exclude items like consolidating certain investment entities, restructuring charges, and assumption updates ('unlocking').
6Key non-GAAP metrics highlighted include adjusted operating earnings, adjusted operating earnings per diluted share, and various capital and debt ratios.
7The filing also includes iXBRL formatted exhibits for enhanced data accessibility.

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jan 29, 2020)

Summary

Key Highlights

Frequently Asked Questions