Ameriprise 2012 Annual Report Download - page 14

Disclosures
This report is not a solicitation for any of the products or services
mentioned. Investment products, including shares of mutual funds,
are not FDIC or otherwise federally insured, are not deposits or
obligations, or guaranteed by any nancial institution, and involve
investment risks, including possible loss of principal and uctuation
in value.
Past performance does not guarantee future results.
Actual results may vary materially from our plans, estimates and
beliefs. Please review carefully the discussion captioned “Forward-
Looking Statements” contained in Part II, Item 7 in our Annual Report
on Form 10-K for the year ended Dec. 31, 2012.
Morningstar ratings as of Dec. 31, 2012. The top 10% of funds
in each category receive ve stars, the next 22.5% receive four stars,
the next 35% receive three stars, the next 22.5% receive two stars
and the bottom 10% receive one star. © 2013 Morningstar, Inc.
All rights reserved. The Morningstar information contained herein: (1)
is proprietary to Morningstar and/or its content providers; (2) may
not be copied or distributed; and (3) is not warranted to be accurate,
complete or timely. Neither Morningstar nor its content providers
are responsible for any damages or losses arising from any use of
this information.
The following describes the principal subsidiaries that conduct the
nancial planning, asset accumulation and income, and protection
business of Ameriprise Financial, Inc. Columbia Mutual Funds are
distributed by Columbia Management Investment Distributors,
Inc., member FINRA, and managed by Columbia Management
Investment Advisers, LLC. Threadneedle International Limited is
an FSA- and an SEC-registered investment adviser and an afliate
of Columbia Management Investment Advisers, LLC, based in the
U.K. RiverSource® insurance and annuity products are issued by
RiverSource Life Insurance Company and, in New York, by RiverSource
Life Insurance Co. of New York, Albany, NY, and distributed by
RiverSource Distributors, Inc. Auto and home insurance is underwritten
by Ameriprise Insurance Company. Personal trust services are offered
through Ameriprise National Trust Bank. Brokerage, investment and
nancial advisory services are made available through Ameriprise
Financial Services, Inc. Member FINRA and SIPC.
Ranking data as of 12-31-12: leading nancial planning company in
the U.S.: Ameriprise has more nancial planning clients and more
CERTIFIED FINANCIAL PLANNER™ professionals than any other
company based on data led at advisorinfo.sec.gov and documented
by the CFP Board of Standards, Inc. Fifth largest branded advisor force:
company reports. No. 8 long-term mutual fund assets in the U.S.: ICI
Complex Assets. No. 4 retail fund assets in U.K.: investmentuk.org.
($ in millions) 2010 2011 2012
Total net revenues $9,512 $10,192 $10,217
Less: Revenues attributable to the CIEs 362 136 71
Less: Net realized gains 33 6 7
Less: Integration/restructuring charges – – (4)
Operating total net revenues $9,117 $10,050 $10,143
Per Diluted Share
($ in millions,
except per share amounts) 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
Net income attributable to
Ameriprise Financial $42 $634 $989 $1,116 $1,029 $0.19 $2.59 $3.77 $4.53 $4.62
Less: Income (loss) from
discontinued operations, net of tax 10 1 (24) (60) (2) 0.05 – (0.09) (0.24) (0.01)
Net income from continuing
operations attributable to
Ameriprise Financial
32 633 1,013 1,176 1,031 0.14 2.59 3.86 4.77 4.63
Less: Net realized gains (losses),
net of tax(1) (506) 34 22 4 5 (2.25) 0.14 0.08 0.01 0.02
Add: Integration/restructuring
charges, net of tax(1) 51 64 73 62 46 0.23 0.26 0.28 0.25 0.21
Add: Market impact on variable
annuity guaranteed living benets,
net of tax(1)
(10) 58 12 40 173 (0.05) 0.24 0.04 0.16 0.77
Operating earnings $579 $721 $1,076 $1,274 $1,245 $2.57 $2.95 $4.10 $5.17 $5.59
(1) Calculated using the statutory tax rate of 35%.
($ in millions) 2008 2009 2010 2011 2012
Net income attributable to Ameriprise Financial $42 $634 $989 $1,116 $1,029
Less: Income (loss) from discontinued operations, net of tax 10 1 (24) (60) (2)
Net income from continuing operations attributable to Ameriprise Financial 32 633 1,013 1,176 1,031
Less: Adjustments(1) (547) (88) (63) (98) (214)
Operating earnings $579 $721 $1,076 $1,274 $1,245
Ameriprise Financial shareholders’ equity(2) $5,682 $6,431 $9,043 $9,169 $9,071
Less: Assets and liabilities held for sale(2) 84 100 102 30 –
Less: Accumulated other comprehensive income (loss), net of tax “AOCI”(2) (677) (436) 621 701 1,001
Ameriprise Financial shareholders’ equity from continuing operations excluding AOCI(2) 6,275 6,767 8,320 8,438 8,070
Less: Equity impacts attributable to the consolidated investment entities(2) – – 455 478 397
Operating equity(2) $6,275 $6,767 $7, 8 65 $7,96 0 $7,673
Return on equity from continuing operations, excluding AOCI 0.5% 9.4% 12.2% 13.9% 12.8%
Operating return on equity excluding AOCI(3) 9.2% 10.7% 13.7% 16.0% 16.2%
(1) Adjustments reect the trailing twelve months’ sum of after-tax net realized gains/losses; market impact on variable annuity guaranteed living benets, net of
hedges and related DSIC and DAC amortization; and integration/restructuring charges. After-tax is calculated using the statutory tax rate of 35%.
(2) Amounts represent the ve-point average of quarter-end balances, except for 2008 and 2009. Amounts for 2008 and 2009 represent a two-point average of
beginning of year and end of year balances.
(3) Operating return on equity excluding accumulated other comprehensive income/loss (AOCI) is calculated using the trailing twelve months of earnings excluding
the after-tax net realized gains/losses; market impact on variable annuity guaranteed living benets, net of hedges and related DSIC and DAC amortization;
integration/restructuring charges; and discontinued operations in the numerator, and Ameriprise Financial shareholders' equity excluding AOCI; the impact of
consolidating investment entities; and the assets and liabilities held for sale using a ve-point average of quarter-end equity in the denominator. After-tax is
calculated using the statutory tax rate of 35%.