Ameriprise 2011 Annual Report Download - page 179
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The following is a summary of segment results:
Year Ended December 31, 2011
Advice &
Wealth Asset Corporate
Management Management Annuities Protection & Other Eliminations Consolidated
(in millions)
Revenue from external customers $ 2,825 $ 2,811 $ 2,379 $ 2,035 $ 189 $ — $ 10,239
Intersegment revenue 931 92 252 38 2 (1,315) —
Total revenues 3,756 2,903 2,631 2,073 191 (1,315) 10,239
Banking and deposit interest expense 48 3 — 1 (1) (4) 47
Net revenues 3,708 2,900 2,631 2,072 192 (1,311) 10,192
Depreciation and amortization expense 86 83 481 208 29 — 887
All other expenses 3,221 2,381 1,629 1,494 506 (1,311) 7,920
Total expenses 3,307 2,464 2,110 1,702 535 (1,311) 8,807
Income (loss) from continuing operations
before income tax provision $ 401 $ 436 $ 521 $ 370 $ (343) $ — $ 1,385
Income tax provision 355
Income from continuing operations 1,030
Loss from discontinued operations, net of
tax (60)
Net income 970
Less: Net loss attributable to noncontrolling
interests (106)
Net income attributable to Ameriprise
Financial $ 1,076
Year Ended December 31, 2010
Advice &
Wealth Asset Corporate
Management Management Annuities Protection & Other Eliminations Consolidated
(in millions)
Revenue from external customers $ 2,526 $ 2,294 $ 2,324 $ 2,013 $ 425 $ — $ 9,582
Intersegment revenue 884 75 176 35 1 (1,171) —
Total revenues 3,410 2,369 2,500 2,048 426 (1,171) 9,582
Banking and deposit interest expense 67 1 — 1 3 (2) 70
Net revenues 3,343 2,368 2,500 2,047 423 (1,169) 9,512
Depreciation and amortization expense 88 105 (75) 189 23 — 330
All other expenses 2,939 1,945 1,927 1,455 451 (1,169) 7,548
Total expenses 3,027 2,050 1,852 1,644 474 (1,169) 7,878
Income (loss) from continuing operations
before income tax provision $ 316 $ 318 $ 648 $ 403 $ (51) $ — $ 1,634
Income tax provision 350
Income from continuing operations 1,284
Loss from discontinued operations, net of
tax (24)
Net income 1,260
Less: Net income attributable to
noncontrolling interests 163
Net income attributable to Ameriprise
Financial $ 1,097
164