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

The primary purpose of this 8-K filing is to announce Ameriprise Financial's financial results for the first quarter of 2020. It includes a press release and a statistical supplement that provide detailed financial information.

Why does Ameriprise present financial results on both GAAP and non-GAAP bases?

Ameriprise presents financial results on both GAAP and non-GAAP adjusted bases because management believes the non-GAAP measures better reflect the underlying performance of the company's core operations and facilitate more meaningful trend analysis. These non-GAAP measures exclude certain items that management deems to be outside the scope of core, ongoing operations.

What types of items are excluded from the non-GAAP financial measures?

Items excluded from the non-GAAP financial measures include, but are not limited to, the impact of consolidating certain investment entities, integration/restructuring charges, annual reviews of insurance and annuity valuation assumptions ('unlocking'), market impacts on variable and indexed benefits, mean reversion impacts, market impacts of hedges, net realized investment gains/losses, and income/loss from discontinued operations.

What are some of the key non-GAAP financial measures mentioned in the filing?

Key non-GAAP financial measures mentioned include adjusted operating earnings, adjusted operating earnings per diluted share, adjusted operating expenses, adjusted operating return on equity excluding AOCI, and various measures related to capital structure such as total Ameriprise Financial capital and long-term debt excluding certain items.

AMP 8-K: Earnings & Results

Summary

Ameriprise Financial Inc. (AMP) filed an 8-K on May 6, 2020, to announce its first-quarter 2020 financial results. The filing incorporates by reference a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) detailing these results. A key aspect of the filing is the presentation of financial information on both a GAAP and a non-GAAP adjusted basis. Management utilizes these non-GAAP measures to provide a clearer view of the company's core operational performance and trends, excluding items such as the impact of consolidating certain investment entities, restructuring charges, and various market-related impacts on insurance and annuity products. This adjusted view is intended to facilitate a more meaningful analysis for investors and management alike, particularly in assessing the underlying business performance and capital structure.

Key Highlights

1Ameriprise Financial announced its Q1 2020 financial results on May 6, 2020.
2The company provided financial information on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases.
3Non-GAAP measures are used to present a view of core operational performance, excluding specific items.
4Excluded items from non-GAAP calculations include consolidation of certain investment entities, restructuring charges, and valuation adjustments for insurance and annuity products.
5Management believes non-GAAP measures offer a better reflection of underlying business performance and facilitate trend analysis.
6The filing includes a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) for detailed financial data.
7Certain non-GAAP measures related to debt, capital, and shareholders' equity are also presented to reflect the capital structure.

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (May 6, 2020)

Summary

Key Highlights

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