Ameriprise 2007 Annual Report Download - page 102

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100 Ameriprise Financial 2007 Annual Report
The following is a summary of assets by segment:
December 31,
2007 2006
(in millions)
Advice & Wealth Management $ 8,146 $ 8,735
Asset Management 6,661 7,111
Annuities 71,556 68,660
Protection 20,347 17,422
Corporate & Other 2,520 2,553
Total assets $109,230 $104,481
The following is a summary of segment operating results:
Year Ended December 31, 2007
Advice &
Wealth Asset Corporate &
Management Management Annuities Protection Other Eliminations Consolidated
(in millions)
Revenue from external customers $2,992 $1,753 $2,199 $1,939 $ 26 $ — $8,909
Intersegment revenue 1,057 29 105 47 4 (1,242) —
Total revenues 4,049 1,782 2,304 1,986 30 (1,242) 8,909
Banking and deposit interest expense 236 20 — 1 6 (8) 255
Net revenues 3,813 1,762 2,304 1,985 24 (1,234) 8,654
Depreciation and amortization expense 69 90 381 206 34 — 780
All other expenses 3,459 1,365 1,500 1,294 474 (1,234) 6,858
Total expenses 3,528 1,455 1,881 1,500 508 (1,234) 7,638
Pretax income (loss) $ 285 $ 307 $ 423 $ 485 $(484) $ — 1,016
Income tax provision 202
Net income $ 814
Year Ended December 31, 2006
Advice &
Wealth Asset Corporate &
Management Management Annuities Protection Other Eliminations Consolidated
(in millions)
Revenue from external customers $2,546 $1,745 $2,111 $1,858 $ 33 $ — $8,293
Intersegment revenue 1,035 32 85 34 2 (1,188) —
Total revenues 3,581 1,777 2,196 1,892 35 (1,188) 8,293
Banking and deposit interest expense 246 26 — 1 7 (7) 273
Net revenues 3,335 1,751 2,196 1,891 28 (1,181) 8,020
Depreciation and amortization expense 60 97 342 138 31 — 668
All other expenses 3,079 1,401 1,390 1,319 547 (1,181) 6,555
Total expenses 3,139 1,498 1,732 1,457 578 (1,181) 7,223
Pretax income (loss) $ 196 $ 253 $ 464 $ 434 $(550) $ — 797
Income tax provision 166
Net income $ 631