Ameriprise 2005 Annual Report Download - page 98

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96 |Ameriprise Financial, Inc.
The following is a summary of segment operating results for the years ended December 31:
Asset
Accumulation Corporate and
and Income Protection Other Eliminations Consolidated
(in millions)
2005—Segment Data
Revenue from external customers $5,015 $1,924 $ 545 $ – $7,484
Intersegment revenue 9 22 1 (32) –
Total revenues 5,024 1,946 546 (32) 7,484
Amortization expense (a) 391 107 – – 498
All other expenses 3,986 1,419 868 (32) 6,241
Total expenses 4,377 1,526 868 (32) 6,739
Income (loss) before income tax provision and
discontinued operations $ 647 $ 420 $(322) $ – 745
Income tax provision 187
Income before discontinued operations 558
Discontinued operations, net of tax 16
Net income $ 574
2004—Segment Data
Revenue from external customers $4,675 $1,923 $ 429 $ – $7,027
Intersegment revenue 1 – 2 (3) –
Total revenues 4,676 1,923 431 (3) 7,027
Amortization expense (a) 368 132 – – 500
All other expenses 3,617 1,303 498 (3) 5,415
Total expenses 3,985 1,435 498 (3) 5,915
Income (loss) before income tax provision,
discontinued operations
and accounting change $ 691 $ 488 $ (67) $ – 1,112
Income tax provision 287
Income before discontinued operations and
accounting change 825
Discontinued operations, net of tax 40
Cumulative effect of accounting change, net of tax (71)
Net income $ 794
(a) Represents the amortization expense for deferred acquisition costs, deferred sales inducement costs and intangible assets.