Ameriprise 2013 Annual Report Download - page 176

$21 million and $13 million, respectively, from a total return swap used to economically hedge its Franchise Advisor
Deferral Plan, which was settled in December 2012.
19. Earnings per Share Attributable to Ameriprise Financial, Inc. Common
Shareholders
The computations of basic and diluted earnings per share attributable to Ameriprise Financial, Inc. common shareholders
are as follows:
December 31,
2013 2012 2011
(in millions, except per share amounts)
Numerator:
Income from continuing operations $ 1,478 $ 903 $ 1,070
Less: Net income (loss) attributable to noncontrolling interests 141 (128) (106)
Income from continuing operations attributable to Ameriprise Financial 1,337 1,031 1,176
Loss from discontinued operations, net of tax (3) (2) (60)
Net income attributable to Ameriprise Financial $ 1,334 $ 1,029 $ 1,116
Denominator:
Basic: Weighted-average common shares outstanding 203.2 218.7 241.4
Effect of potentially dilutive nonqualified stock options and other share-based awards 3.9 4.1 4.9
Diluted: Weighted-average common shares outstanding 207.1 222.8 246.3
Earnings per share attributable to Ameriprise Financial, Inc. common shareholders:
Basic:
Income from continuing operations $ 6.58 $ 4.71 $ 4.87
Loss from discontinued operations (0.02) (0.01) (0.25)
Net income $ 6.56 $ 4.70 $ 4.62
Diluted:
Income from continuing operations $ 6.46 $ 4.63 $ 4.77
Loss from discontinued operations (0.02) (0.01) (0.24)
Net income $ 6.44 $ 4.62 $ 4.53
For the years ended December 31, 2013, 2012 and 2011, the dilutive effect of nonqualified stock options and other
share based-awards excludes nil, nil and 6.1 million options, respectively, from the computation of earnings per share
attributable to Ameriprise Financial, Inc. common shareholders. The inclusion of the options would have been anti-dilutive.
20. Regulatory Requirements
Restrictions on the transfer of funds exist under regulatory requirements applicable to certain of the Company’s
subsidiaries. At December 31, 2013, the aggregate amount of unrestricted net assets was approximately $1.9 billion.
The National Association of Insurance Commissioners (‘‘NAIC’’) defines Risk-Based Capital (‘‘RBC’’) requirements for
insurance companies. The RBC requirements are used by the NAIC and state insurance regulators to identify companies
that merit regulatory actions designed to protect policyholders. These requirements apply to both the Company’s life and
property casualty insurance companies. In addition, IDS Property Casualty is subject to the statutory surplus requirements
of the State of Wisconsin. The Company’s life and property casualty companies each met their respective minimum RBC
requirements. Statutory capital and surplus for IDS Property Casualty was $531 million, $462 million and $431 million for
the years ended December 31, 2013, 2012 and 2011, respectively. Statutory net income for IDS Property Casualty was
$11 million, $27 million and $23 million for the years ended December 31, 2013, 2012 and 2011, respectively.
State insurance statutes also contain limitations as to the amount of dividends and distributions that insurers may make
without providing prior notification to state regulators. For RiverSource Life, dividends or distributions in excess of statutory
unassigned surplus, as determined in accordance with accounting practices prescribed by the State of Minnesota, require
advance notice to the Minnesota Department of Commerce, RiverSource Life’s primary regulator, and are subject to
potential disapproval. In addition, dividends whose fair market value, together with that of other dividends or distributions
made within the preceding 12 months, exceeds the greater of (i) the previous year’s statutory net gain from operations or
(ii) 10% of the previous year-end statutory capital and surplus are referred to as ‘‘extraordinary dividends.’’ Extraordinary
dividends also require advance notice to the Minnesota Department of Commerce, and are subject to potential
disapproval. Government debt securities of $6 million and $7 million at December 31, 2013 and 2012, respectively, held
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