Ameriprise 2008 Annual Report Download - page 160
Download and view the complete annual report
Please find page 160 of the 2008 Ameriprise annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166 -
167 -
168 -
169 -
170 -
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
 |
 |
The accounting policies of the segments are the same as those of the Company, except for the method of capital allocation
and the accounting for gains (losses) from intercompany revenues and expenses, which are eliminated in consolidation. The
Company evaluates the performance of each segment based on pretax income. The Company allocates certain non-recurring
items, such as costs related to supporting RiverSource 2a-7 money market funds, expenses related to unaffiliated money
market funds and restructuring charges for 2008, as well as separation costs for 2007 and 2006, to the Corporate segment.
The following is a summary of assets by segment:
December 31,
2008 2007
(in millions)
Advice & Wealth Management $ 10,624 $ 8,148
Asset Management 5,363 6,662
Annuities 58,504 71,557
Protection 19,524 20,342
Corporate & Other 1,661 2,521
Total assets $ 95,676 $ 109,230
The following is a summary of segment operating results:
Year Ended December 31, 2008
Advice &
Wealth Asset Corporate
Management Management Annuities Protection & Other Eliminations Consolidated
(in millions)
Revenue from external
customers $ 2,413 $ 1,273 $ 1,513 $ 1,955 $ (5) $ — $ 7,149
Intersegment revenue 886 23 105 43 6 (1,063) —
Total revenues 3,299 1,296 1,618 1,998 1 (1,063) 7,149
Banking and deposit
interest expense 178 7 — 1 2 (9) 179
Net revenues 3,121 1,289 1,618 1,997 (1) (1,054) 6,970
Depreciation and
amortization expense 88 92 705 340 33 — 1,258
All other expenses 3,182 1,120 1,200 1,305 330 (1,054) 6,083
Total expenses 3,270 1,212 1,905 1,645 363 (1,054) 7,341
Pretax income (loss) $ (149) $ 77 $ (287) $ 352 $ (364) $ — (371)
Income tax benefit (333)
Net loss $ (38)
137