Ameriprise Financial, Inc. – Company Information

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Ameriprise Financial, Inc. is a US financial services company based in Minneapolis, Minnesota.

The company has a diversified portfolio of products, including: financial planning, asset management, wealth management, insurance services, estate planning, and retirement plans.

It advises, manages and protects the assets and income of more than 2 million individual, small business and institutional clients.

Ameriprise Financial, Inc. was created in 2005 after the the American Express Company spun off its former subsidiary “American Express Financial Advisors (AEFA)”.

AEFA became its own independent company and changed its name to Ameriprise Financial, Inc. It is publicly traded on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘AMP’.

The company’s principal brands are:

Ameriprise Financial: the enterprise brand that provides retail products and services.

Columbia Management: U.S. asset management products and services.

Threadneedle: marketing asset management products and services outside of the US.

RiverSource: annuity and protection products.

Overview

Ameriprise Financia, Inc logo


Ameriprise Financial, Inc. Financial Results, Years Ended December 31

Revenues (in $ millions) 2014 2013
Management and financial advice fees $5,810 $5,253
Distribution fees $1,894 $1,771
Net investment income $1,741 $1,889
Premiums $1,385 $1,282
Other revenues $1,466 $1,035
Total revenues $12,296 $11,230
(Banking and deposit interest expense) $28 $31
– Total net revenues $12,268 $11,199
Operating Expenses (in $ millions)
Distribution expenses $3,236 $2,925
Interest credited to fixed accounts $713 $806
Benefits, claims, losses and settlement expenses $1,982 $1,954
Amortization of deferred acquisition costs $367 $207
Interest and debt expense $328 $281
General and administrative expense $3,095 $3,056
– Total expenses $9,721 $9,229
Income Data (in $ millions)
Income from continuing operations before income tax provision $2,547 $1,970
Income tax provision $545 $492
Income from continuing operations $2,002 $1,478
Loss from discontinued operations, net of tax $(2) $(3)
Net income $2,000 $1,475
Net income (loss) attributable to non-controlling interests $381 $141
– Net income attributable to Ameriprise Financial, Inc. $1,619 $1,334
Balance sheet data (in $ millions)
Total assets $148,810 $144,576
Long-term debt $3,062 $2,720
Total liabilities $139,505 $135,344
Total Ameriprise Financia, Inc. shareholders’ equity $8,124 $8,192
Non-controlling interests $1,181 $1,040
Total equity $9,305 $9,232
Common share data (in $)
Basic earnings (loss) per common share $8.45 $6.56
Diluted earnings (loss) per common share $8.30 $6.44
Cash flow data (in $ millions)
Net cash provided by operating activities $2,399 $1,364
Net cash provided by (used in) investing activities $(715) $(802)
Net cash used in financing activities $(1,657) $(306)
Cash and cash equivalents at beginning of year $2,632 $2,371
Cash and cash equivalents at end of year $2,638 $2,632

Source: “Ameriprise Financial, Inc. Form 10-K 2014”


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