Ameriprise 2012 Annual Report Download - page 185
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acquisition of the long-term asset management business of Columbia Management Group on April 30, 2010. The costs
include system integration costs, proxy and other regulatory filing costs, employee reduction and retention costs and
investment banking, legal and other acquisition costs. Beginning in the second quarter of 2012, integration and
restructuring charges also include expenses related to the Company’s transition of its federal savings bank subsidiary,
Ameriprise Bank, FSB, to a limited powers national trust bank.
The following tables summarize selected financial information by segment and reconcile segment totals to those reported
on the consolidated financial statements:
December 31,
2012 2011
(in millions)
Advice & Wealth Management $ 8,962 $ 12,293
Asset Management 6,267 6,863
Annuities 91,587 86,598
Protection 19,065 18,304
Corporate & Other 8,848 8,249
Total assets $ 134,729 $ 132,307
Years Ended December 31,
2012 2011 2010
(in millions)
Operating net revenues:
Advice & Wealth Management $ 3,873 $ 3,713 $ 3,342
Asset Management 2,891 2,897 2,365
Annuities 2,524 2,630 2,491
Protection 2,088 2,069 2,046
Corporate & Other 20 3 4
Eliminations(1) (1,253) (1,262) (1,131)
Total segment operating net revenues 10,143 10,050 9,117
Net realized gains 7633
Revenues of consolidated investment entities 71 136 362
Integration and restructuring charges (4) — —
Total net revenues per consolidated statements of operations $ 10,217 $ 10,192 $ 9,512
(1) Represents the elimination of intersegment revenues recognized for the years ended December 31, 2012, 2011 and 2010 in each
segment as follows: Advice & Wealth Management ($901, $930 and $884, respectively); Asset Management ($43, $42 and $36,
respectively); Annuities ($271, $251 and $176, respectively); Protection ($37, $37 and $35, respectively); and Corporate & Other
($1, $2 and nil, respectively).
Years Ended December 31,
2012 2011 2010
(in millions)
Operating earnings:
Advice & Wealth Management $ 443 $ 406 $ 322
Asset Management 557 528 410
Annuities 567 625 486
Protection 398 386 409
Corporate & Other (270) (241) (224)
Total segment operating earnings 1,695 1,704 1,403
Net realized gains 7633
Net income (loss) attributable to noncontrolling interests (128) (106) 163
Market impact on variable annuity living benefits, net of hedges, DSIC and DAC
amortization (265) (62) (19)
Integration and restructuring charges (71) (95) (111)
Income from continuing operations before income tax provision per consolidated
statements of operations $ 1,238 $ 1,447 $ 1,469
168