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| AMP > SEC Filings for AMP > Form 8-K on 30-Jan-2013 | All Recent SEC Filings |
30-Jan-2013
Results of Operations and Financial Condition, Financial Statements and
On January 30, 2013, Ameriprise Financial, Inc. (the "Company") issued a press release announcing its financial results for the fourth quarter of 2012. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference and furnished herewith. In addition, the Company furnishes herewith, as Exhibit 99.2, its Statistical Supplement for the quarterly period ended December 31, 2012.
We follow accounting principles generally accepted in the United States
("GAAP"). The press release furnished as Exhibit 99.1 and the financial
information furnished as Exhibit 99.2 include information on both a GAAP and
non-GAAP adjusted basis. Certain non-GAAP performance measures in these exhibits
exclude the impact of consolidating certain investment entities ("CIEs"), as
well as certain integration/restructuring charges, market impact on variable
annuity guaranteed living benefits, realized gains (losses) and income (loss)
from discontinued operations. Management believes that the presentation of these
non-GAAP financial measures better reflects the underlying performance of our
2012 and 2011 core operations and facilitates a more meaningful trend analysis.
Exhibits 99.1 and 99.2 also contain certain non-GAAP debt, capital and
shareholders' equity measures, along with financial ratios incorporating such
measures, that exclude amounts related to one or more of the following:
accumulated other comprehensive income ("AOCI"), fair value of hedges,
unamortized discount, the net of assets and liabilities held for sale and the
impact of consolidating the assets and liabilities of certain CIEs. Management
believes that these non-GAAP debt, capital and shareholders' equity measures,
and the corresponding ratios, better represent our capital structure. Management
uses certain of these non-GAAP measures to evaluate our financial performance on
a basis comparable to that used by some securities analysts and investors. Also,
certain of these non-GAAP measures are taken into consideration, to varying
degrees, for purposes of business planning and analysis and for certain
compensation-related matters.
Our non-GAAP financial measures included in Exhibits 99.1 and 99.2, which our management views as important indicators of financial performance, include the following: adjusted net pretax operating margin; adjusted operating earnings; adjusted operating revenues; Ameriprise Financial shareholders' equity excluding AOCI; Ameriprise Financial shareholders' equity excluding CIEs; Ameriprise Financial shareholders' equity excluding CIEs and AOCI; basic operating earnings per share; effective tax rate excluding noncontrolling interests; operating earnings; operating earnings per diluted share; operating effective tax rate; operating expenses; operating return on equity excluding AOCI; operating total net revenues; pretax operating earnings; pretax operating margin; return on equity excluding AOCI; total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs; total Ameriprise Financial long-term debt excluding fair value of hedges and unamortized discount; and total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs.
(d) Exhibits.
Exhibit No. Description
Exhibit 99.1 Press Release dated January 30, 2013 announcing financial results for
the fourth quarter of 2012
Exhibit 99.2 Statistical Supplement for the quarterly period ended December 31,
2012
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