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

The primary purpose of this 8-K filing is to report Ameriprise Financial's financial results for the third quarter of 2020. It includes a press release and a statistical supplement detailing these results.

Why does Ameriprise Financial present financial results on a non-GAAP basis?

Ameriprise Financial presents non-GAAP results to offer a clearer view of its underlying operational performance. These measures exclude items that management believes can distort the trend analysis of core operations, such as impacts from short-term interest rates, performance fees, restructuring charges, and market fluctuations on certain financial instruments.

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

The non-GAAP measures exclude a variety of items, including the impact of short-term interest rates, performance fees, consolidation of certain investment entities, integration/restructuring charges, insurance and annuity valuation adjustments ('unlocking'), market impacts on variable annuity and fixed index annuity benefits, net realized investment gains/losses, and others. The company's press release and statistical supplement provide a detailed breakdown of these exclusions.

Where can investors find the detailed financial results?

Investors can find the detailed financial results in Exhibit 99.1 (Press Release) and Exhibit 99.2 (Statistical Supplement) attached to this 8-K filing. These exhibits contain both GAAP and non-GAAP financial information.

AMP 8-K: Earnings & Results

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K on October 28, 2020, to report its financial results for the third quarter of 2020. The filing primarily consists of a press release and a statistical supplement detailing these results. Investors should note that the company presents its financial information on both a Generally Accepted Accounting Principles (GAAP) basis and a non-GAAP adjusted basis. The non-GAAP measures are intended to provide a clearer view of the underlying operational performance by excluding various items such as short-term interest rate impacts, performance fees, consolidation of certain investment entities, restructuring charges, and market impacts on insurance/annuity benefits and investments, among others. The company asserts that these adjusted figures facilitate a more meaningful trend analysis and better reflect core operations. Investors are encouraged to review both GAAP and non-GAAP figures to gain a comprehensive understanding of the company's financial health and performance.

Key Highlights

1Ameriprise Financial announced its Q3 2020 financial results via an 8-K filing on October 28, 2020.
2The filing includes a press release (Exhibit 99.1) and a Statistical Supplement (Exhibit 99.2) for the period ending September 30, 2020.
3The company provided financial results on both GAAP and non-GAAP adjusted bases.
4Non-GAAP measures are used to exclude items like short-term interest rate impacts, performance fees, and restructuring charges to better reflect core operations.
5Management believes non-GAAP metrics offer a more meaningful trend analysis.
6Specific non-GAAP metrics discussed include adjusted operating earnings, adjusted operating earnings per diluted share, and various capital and debt measures.
7The filing also references iXBRL formatting for cover pages, indicating a move towards enhanced digital reporting.

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Oct 28, 2020)

Summary

Key Highlights

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