Ameriprise 2014 Annual Report Download - page 204
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Schedule I — Condensed Financial Information of Registrant
Condensed Statements of Operations
(Parent Company Only)
Years Ended December 31,
2014 2013 2012
(in millions)
Revenues
Management and financial advice fees $ — $ 4 $ 1
Distribution fees —1—
Net investment income 30 33 29
Other revenues 11 7 9
Total revenues 41 45 39
Banking and deposit interest expense — — 3
Total net revenues 41 45 36
Expenses
Benefits, claims, losses and settlement expenses 11 19 —
Distribution expenses — — (5)
Interest and debt expense 118 123 94
General and administrative expense 195 221 255
Total expenses 324 363 344
Pretax loss before equity in earnings of subsidiaries (283) (318) (308)
Income tax benefit (88) (85) (104)
Loss before equity in earnings of subsidiaries (195) (233) (204)
Equity in earnings of subsidiaries excluding discontinued operations 1,816 1,570 1,235
Net income from continuing operations 1,621 1,337 1,031
Loss from discontinued operations, net of tax (2) (3) (2)
Net income $ 1,619 $ 1,334 $ 1,029
See Notes to Condensed Financial Information of Registrant.
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