Ameriprise 2015 Annual Report Download - page 78

Results of Operations by Segment
Year Ended December 31, 2015 Compared to Year Ended December 31, 2014
Operating earnings is the measure of segment profit or loss management uses to evaluate segment performance.
Operating earnings should not be viewed as a substitute for GAAP income from continuing operations before income tax
provision. We believe the presentation of segment operating earnings as we measure it for management purposes
enhances the understanding of our business by reflecting the underlying performance of our core operations and facilitating
a more meaningful trend analysis. See Note 25 to the Consolidated Financial Statements for further information on the
presentation of segment results and our definition of operating earnings.
The following table presents summary financial information by segment:
Years Ended
December 31,
2015 2014
(in millions)
Advice & Wealth Management
Net revenues $ 5,013 $ 4,806
Expenses 4,154 4,014
Operating earnings $ 859 $ 792
Asset Management
Net revenues $ 3,254 $ 3,320
Expenses 2,493 2,532
Operating earnings $ 761 $ 788
Annuities
Net revenues $ 2,541 $ 2,591
Expenses 1,891 1,958
Operating earnings $ 650 $ 633
Protection
Net revenues $ 2,384 $ 2,287
Expenses 2,201 2,041
Operating earnings $ 183 $ 246
Corporate & Other
Net revenues $3$4
Expenses 202 234
Operating loss $ (199) $ (230)
The following table presents the segment pretax operating impacts on our revenues and expenses attributable to unlocking:
Years Ended December 31,
2015 2014
Segment Pretax Operating Increase (Decrease) Annuities Protection Annuities Protection
(in millions)
Premiums $— $(3)$— $—
Other revenues — (5) — (29)
Total revenues — (8) — (29)
Benefits, claims, losses and settlement expenses (61) 6 5 1
Amortization of DAC (5) 10 17 (9)
Total expenses (66) 16 22 (8)
Total $ 66 $ (24) $ (22) $ (21)
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