Ameriprise Financial, Inc. · NYSE:AMP
Ameriprise Financial — Q3 2018 Earnings Presentation
54 slides from Ameriprise Financial's earnings presentation, Oct 23, 2018
Slide 1: Statistical Supplement Package (unaudited) Third Quarter 2018
Statistical Supplement Package (unaudited) Third Quarter 2018 Page 1 of 54
Slide 2: Statistical Supplement Information Table of Contents
Ameriprise Financial, Inc. Statistical Supplement Information Table of Contents Page Ameriprise Financial, Inc. Statistical Supplement Presentation............................................................................................................ 4 Consolidated GAAP Income Statements.......
Slide 3: Consolidated Results
Statistical Supplement Package (unaudited) Third Quarter 2018 Consolidated Results Page 3 of 54
Slide 4: Statistical Supplement Presentation
Ameriprise Financial, Inc. Statistical Supplement Presentation Third Quarter 2018 Ameriprise Financial, Inc. ("Ameriprise Financial" or "the Company") prepares its financial statements in accordance with generally accepted accounting principles ("GAAP"). Management believes that adjusted operating m
Slide 5: Consolidated GAAP Income Statements
Ameriprise Financial, Inc. Consolidated GAAP Income Statements Third Quarter 2018 Prior Year Comparisons (in millions, except per share amounts, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. %
Slide 6: Consolidated Adjusted Operating Results and Highlights
Ameriprise Financial, Inc. Consolidated Adjusted Operating Results and Highlights Third Quarter 2018 Prior Year Comparisons (in millions except per share amounts, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff.
Slide 7: Consolidated Adjusted Operating Results and Highlights
Ameriprise Financial, Inc. Consolidated Adjusted Operating Results and Highlights Third Quarter 2018 Prior Year Comparisons (in millions except per share amounts, headcount and where noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018
Slide 8: Common Share and Capital Summary
Ameriprise Financial, Inc. Common Share and Capital Summary Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Commo
Slide 9: Segment Results
Statistical Supplement Package (unaudited) Third Quarter 2018 Segment Results Page 9 of 54
Slide 10: Segment Summary
Ameriprise Financial, Inc. Segment Summary Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Segment Summary Advice
Slide 11: Advice & Wealth Management Segment
Statistical Supplement Package (unaudited) Third Quarter 2018 Advice & Wealth Management Segment Page 11 of 54
Slide 12: Advice & Wealth Management Segment Income Statements
Ameriprise Financial, Inc. Advice & Wealth Management Segment Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Adv
Slide 13: Advice & Wealth Management Segment Metrics
Ameriprise Financial, Inc. Advice & Wealth Management Segment Third Quarter 2018 Prior Year Comparisons (in millions, except headcount and where noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. %
Slide 14: Asset Management Segment
Statistical Supplement Package (unaudited) Third Quarter 2018 Asset Management Segment Page 14 of 54
Slide 15: Asset Management Segment Income Statements
Ameriprise Financial, Inc. Asset Management Segment Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Asset Managem
Slide 16: Asset Management Segment Managed Assets
Ameriprise Financial, Inc. Asset Management Segment Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Total Managed
Slide 17: Asset Management Managed Assets Rollforward
Ameriprise Financial, Inc. Asset Management Segment Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Managed Asset
Slide 18: Asset Management Segment - Columbia Fund Rankings
Ameriprise Financial, Inc. Asset Management Segment - Columbia Third Quarter 2018 Mutual Fund Rankings in top 2 Lipper Quartiles 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 Domestic Equity Equal weighted 1 year 72 % 69 % 57 % 46 % 43 % 3 year 75 % 75 % 72 % 59 % 53 % 5 year 78 % 69 % 69 %
Slide 19: Asset Management Segment - Threadneedle Fund Rankings
Ameriprise Financial, Inc. Asset Management Segment - Threadneedle Third Quarter 2018 Retail Fund Rankings in Top 2 Morningstar Quartiles or Above Index Benchmark 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 Equity Equal weighted 1 year 48 % 59 % 57 % 56 % 56 % 3 year 72 % 64 % 64 % 65 % 6
Slide 20: Annuities Segment
Statistical Supplement Package (unaudited) Third Quarter 2018 Annuities Segment Page 20 of 54
Slide 21: Annuities Segment Income Statements
Ameriprise Financial, Inc. Annuities Segment Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Annuities Segment Ad
Slide 22: Annuities Segment Product Information
Ameriprise Financial, Inc. Annuities Segment Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Product Information
Slide 23: Protection Segment
Statistical Supplement Package (unaudited) Third Quarter 2018 Protection Segment Page 23 of 54
Slide 24: Protection Segment Income Statements
Ameriprise Financial, Inc. Protection Segment Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Protection Segment
Slide 25: Protection Segment Sales and Account Balances
Ameriprise Financial, Inc. Protection Segment Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Cash Sales VUL / UL
Slide 26: Corporate & Other Segment
Statistical Supplement Package (unaudited) Third Quarter 2018 Corporate & Other Segment Page 26 of 54
Slide 27: Corporate & Other Segment Product Information
Ameriprise Financial, Inc. Corporate & Other Segment Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Product Info
Slide 28: Eliminations Adjusted Operating Income Statements
Ameriprise Financial, Inc. Eliminations (1) Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Eliminations Adjusted
Slide 29: Balance Sheet and Ratings Information
Statistical Supplement Package (unaudited) Third Quarter 2018 Balance Sheet and Ratings Information Page 29 of 54
Slide 30: Consolidated Balance Sheets
Ameriprise Financial, Inc. Consolidated Balance Sheets Third Quarter 2018 (in millions, unaudited) September 30, 2017 December 31, 2017 March 31, 2018 June 30, 2018 September 30, 2018 Assets Cash and cash equivalents $ 2,398 $ 2,484 $ 2,102 $ 2,431 $ 2,389 Cash of consolidated investment entities 10
Slide 31: Capital and Ratings Information
Ameriprise Financial, Inc. Capital and Ratings Information Third Quarter 2018 (in millions unless otherwise noted, unaudited) September 30, 2017 December 31, 2017 March 31, 2018 June 30, 2018 September 30, 2018 Long-term Debt Summary Senior notes $ 2,850 $ 2,850 $ 2,850 $ 2,850 $ 2,850 Capital lease
Slide 32: Financial Investments
Ameriprise Financial, Inc. Ameriprise Financial Investments (1) Third Quarter 2018 (in millions unless otherwise noted, unaudited) September 30, 2017 December 31, 2017 March 31, 2018 June 30, 2018 September 30, 2018 Cash and cash equivalents $ 2,398 $ 2,484 $ 2,102 $ 2,431 $ 2,389 Investments - Endi
Slide 33: Non-GAAP Financial Information
Ameriprise Financial, Inc. Non-GAAP Financial Information Ameriprise Financial, Inc. (the Company) prepares its financial statements in accordance with accounting principles generally accepted in the United States (U.S. GAAP). This report includes information on both a U.S. GAAP and non-GAAP basis.
Slide 34: Glossary of Selected Terminology - Segments
Ameriprise Financial, Inc. Glossary of Selected Terminology - Segments Advice & Wealth Management - This segment provides financial planning and advice, as well as full service brokerage services, primarily to retail clients through our advisors. These services are centered on long-term, personal re
Slide 35: Glossary of Selected Terminology
Ameriprise Financial, Inc. Glossary of Selected Terminology Adjusted Operating Earnings - Net income attributable to Ameriprise Financial excluding integration/restructuring charges, net of tax, market impact on variable annuity guaranteed benefits and fixed index annuity benefits and indexed univer
Slide 36: Glossary of Selected Terminology
Ameriprise Financial, Inc. Glossary of Selected Terminology Market Impact on Fixed Index Annuity Benefits - The impact of changes in financial market conditions on benefit costs associated with fixed index annuity benefits accounted for as embedded derivatives, net of changes in associated economic
Slide 37: Exhibit A Disclosed Items
Exhibit A Statistical Supplement Package (unaudited) Third Quarter 2018 Disclosed Items Page 37 of 54
Slide 38: Disclosed Items Qtr 2018
Ameriprise Financial, Inc. Disclosed Items 3 Qtr 2018 Excluded from Adjusted Operating Earnings Annuities Protection Corporate and Eliminations Market Impact on Market Impact on Market Impact on Market Impact Securities VA Guaranteed Fixed Index Indexed Universal Securities of Hedges Integration (in
Slide 39: Disclosed Items Qtr 2018
Ameriprise Financial, Inc. Disclosed Items 2 Qtr 2018 Excluded from Adjusted Operating Earnings Annuities Protection Corporate and Eliminations Market Impact on Market Impact on Market Impact on Market Impact Securities VA Guaranteed Fixed Index Securities Indexed Universal of Hedges Integration (in
Slide 40: Disclosed Items Qtr 2018
Ameriprise Financial, Inc. Disclosed Items 1 Qtr 2018 Excluded from Adjusted Operating Earnings Advice & Wealth Annuities Protection Corporate and Eliminations Management Market Impact on Market Impact on Market Impact on Market Impact Securities Securities VA Guaranteed Fixed Index Securities Index
Slide 41: Disclosed Items Qtr 2017
Ameriprise Financial, Inc. Disclosed Items 4 Qtr 2017 Excluded from Adjusted Operating Earnings Advice & Wealth Annuities Protection Corporate and Eliminations Management Market Impact on Market Impact on Market Impact on Market Impact Securities Securities VA Guaranteed Fixed Index Indexed Universa
Slide 42: Disclosed Items Qtr 2017
Ameriprise Financial, Inc. Disclosed Items 3 Qtr 2017 Excluded from Adjusted Operating Earnings Asset Management Annuities Protection Corporate and Eliminations Market Impact on Market Impact on Market Impact Securities Securities VA Guaranteed Securities Indexed Universal Securities of Hedges Integ
Slide 43: Exhibit B Corporate & Other Segment Details
Exhibit B Statistical Supplement Package (unaudited) Third Quarter 2018 Corporate & Other Segment Details Page 43 of 54
Slide 44: Corporate Excluding Long Term Care
Ameriprise Financial, Inc. Corporate Excluding Long Term Care Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Cor
Slide 45: Long Term Care
Ameriprise Financial, Inc. Long Term Care Third Quarter 2018 Prior Year Comparisons (in millions unless otherwise noted, unaudited) Year-to-Date Qtr Chg - 3Q YTD Chg - 3Q Seq Qtr Chg - 3Q 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Diff. % Diff. % Diff. % Long Term Care Adjusted
Slide 46: Exhibit C Non-GAAP Financial Measure Reconciliations
Exhibit C Statistical Supplement Package (unaudited) Third Quarter 2018 Non-GAAP Financial Measure Reconciliations Page 46 of 54
Slide 47: Non-GAAP Financial Measure Reconciliations
Ameriprise Financial, Inc. Non-GAAP Financial Measure Reconciliations Third Quarter 2018 (in millions unless otherwise noted, unaudited) Year-to-date 3 Qtr 2017 4 Qtr 2017 1 Qtr 2018 2 Qtr 2018 3 Qtr 2018 2017 2018 Return on Equity Net income (last twelve months) $ 1,702 $ 1,480 $ 1,671 $ 1,740 $ 1,
Slide 48: Non-GAAP Financial Measure Reconciliations
Ameriprise Financial, Inc. Non-GAAP Financial Measure Reconciliations Third Quarter 2018 (in millions unless otherwise noted, unaudited) September 30, 2017 December 31, 2017 March 31, 2018 June 30, 2018 September 30, 2018 Long-term Debt Summary Senior notes $ 2,850 $ 2,850 $ 2,850 $ 2,850 $ 2,850 Ca
Slide 49: Exhibit D Revenue Detail by Product
Exhibit D Statistical Supplement Package (unaudited) Third Quarter 2018 Revenue Detail by Product Page 49 of 54
Slide 50: Revenue From Contracts With Customers - Q3 2018
Ameriprise Financial, Inc. Revenue From Contracts With Customers Three Month Period Ended September 30, 2018 Non Adjusted Advice & Wealth Asset (in millions, unaudited) Annuities Protection Corporate & Other Total Segments Operating Total Management Management Revenue Revenues Management and financi
Slide 51: Revenue From Contracts With Customers - Q2 2018
Ameriprise Financial, Inc. Revenue From Contracts With Customers Three Month Period Ended June 30, 2018 Non Adjusted Advice & Wealth Asset (in millions, unaudited) Annuities Protection Corporate & Other Total Segments Operating Total Management Management Revenue Revenues Management and financial ad
Slide 52: Revenue From Contracts With Customers - Q1 2018
Ameriprise Financial, Inc. Revenue From Contracts With Customers Three Month Period Ended March 31, 2018 Non Adjusted Advice & Wealth Asset (in millions, unaudited) Annuities Protection Corporate & Other Total Segments Operating Total Management Management Revenue Revenues Management and financial a
Slide 53: Revenue From Contracts With Customers - Q4 2017
Ameriprise Financial, Inc. Revenue From Contracts With Customers Three Month Period Ended December 31, 2017 Non Adjusted Advice & Wealth Asset (in millions, unaudited) Annuities Protection Corporate & Other Total Segments Operating Total Management Management Revenue Revenues Management and financia
Slide 54: Revenue From Contracts With Customers - Q3 2017
Ameriprise Financial, inc. Revenue From Contracts With Customers Three Month Period Ended September 30, 2017 Non Adjusted Advice & Wealth Asset (in millions, unaudited) Annuities Protection Corporate & Other Total Segments Operating Total Management Management Revenue Revenues Management and financi