Ameriprise 2013 Annual Report Download - page 202

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Schedule I — Condensed Financial Information of Registrant
Condensed Statements of Operations
(Parent Company Only)
December 31,
2013 2012 2011
(in millions)
Revenues
Management and financial advice fees $ 4 $ 1 $
Distribution fees 1— 9
Net investment income 33 29 18
Other revenues 7930
Total revenues 45 39 57
Banking and deposit interest expense 3
Total net revenues 45 36 57
Expenses
Benefits, claims, losses and settlement expenses 19
Distribution expenses —(5)5
Interest and debt expense 123 94 95
General and administrative expense 221 255 223
Total expenses 363 344 323
Pretax loss before equity in earnings of subsidiaries (318) (308) (266)
Income tax benefit (85) (104) (102)
Loss before equity in earnings of subsidiaries (233) (204) (164)
Equity in earnings of subsidiaries excluding discontinued operations 1,570 1,235 1,340
Net income from continuing operations 1,337 1,031 1,176
Loss from discontinued operations, net of tax (3) (2) (60)
Net income $ 1,334 $ 1,029 $ 1,116
See Notes to Condensed Financial Information of Registrant.
F-3