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

The main purpose of this 8-K filing is to officially report Ameriprise Financial Inc.'s financial results for the second quarter of 2020. It incorporates by reference the press release containing these results (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) for a more detailed view.

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

Ameriprise provides both GAAP and non-GAAP adjusted financial measures because management believes the non-GAAP figures offer a more accurate reflection of the company's underlying core operational performance. These adjusted measures exclude certain items that can distort period-over-period comparisons, such as consolidation of certain investment entities, restructuring charges, and market-related valuation adjustments.

Where can I find the detailed financial performance and key metrics for Q2 2020?

The detailed financial performance and key metrics for Q2 2020 can be found in the exhibits attached to this 8-K filing. Specifically, Exhibit 99.1 is the press release announcing the results, and Exhibit 99.2 is the Statistical Supplement for the quarterly period ended June 30, 2020.

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

The non-GAAP adjustments exclude a variety of items intended to provide a clearer view of core operations. These include, but are not limited to: the impact of consolidating certain investment entities (CIEs), integration/restructuring charges, annual reviews of insurance/annuity valuation assumptions ('unlocking'), market impacts on variable annuity and indexed life benefits, mean reversion impacts, market impact of hedges, net realized investment gains/losses, and income/loss from discontinued operations. Other non-GAAP measures also adjust for items affecting capital structure such as AOCI and fair value of hedges.

AMP 8-K: Earnings & Results

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K on July 29, 2020, reporting its second-quarter 2020 financial results. The filing primarily serves to attach the official press release and a statistical supplement detailing these results. Investors should note that the company provides both GAAP and non-GAAP adjusted financial measures. Management believes these non-GAAP measures, which exclude items such as the impact of consolidating certain investment entities, restructuring charges, and market valuation adjustments, offer a clearer view of underlying core operations and facilitate trend analysis. The press release and supplement offer a comprehensive look at the company's performance during the second quarter. While specific financial figures are not detailed within the 8-K text itself, the attached exhibits are crucial for a complete understanding of AMP's profitability, revenue generation, expense management, and capital position. Investors are encouraged to review Exhibits 99.1 and 99.2 for detailed performance metrics and management's commentary on the quarter's results.

Key Highlights

1Ameriprise Financial Inc. (AMP) filed an 8-K on July 29, 2020, to announce its Q2 2020 financial results.
2The filing incorporates by reference the press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) for the quarter ended June 30, 2020.
3The company presents financial results on both a GAAP and non-GAAP adjusted basis.
4Non-GAAP measures exclude items like consolidating certain investment entities (CIEs), restructuring charges, and valuation assumption updates ('unlocking').
5Management asserts that non-GAAP measures better reflect core operations and aid in trend analysis.
6Various non-GAAP performance, debt, capital, and equity measures are detailed, used by management for performance evaluation and compensation.
7The 8-K also includes exhibits formatted in iXBRL for enhanced data accessibility.

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jul 30, 2020)

Summary

Key Highlights

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