EX-99.2 3 a08-11984_1ex99d2.htm EX-99.2

Exhibit 99.2

 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

1



 

Ameriprise Financial, Inc.

Statistical Supplement Information

Table of Contents

 

 

 

Page

Ameriprise Financial, Inc.

 

 

 

Highlights

4

 

 

Financial Summary

5

 

 

Consolidated Income Statements

6

 

 

Consolidated, Per Share Summary

8

 

Advice & Wealth Management Segment

 

 

 

Segment Income Statements

10

 

 

Segment Metrics

11

 

Asset Management Segment

 

 

 

Segment Income Statements

13

 

 

Segment Metrics

14

 

 

RiverSource Asset Management Products

15

 

 

Threadneedle Asset Management Products

16

 

Annuities Segment

 

 

 

Segment Income Statements

18

 

 

Segment Metrics

19

 

Protection Segment

 

 

 

Segment Income Statements

21

 

 

Segment Metrics

22

 

Corporate & Other Segment

 

 

 

Segment Income Statements

24

 

Eliminations

 

 

 

Income Statements

25

 

Balance Sheet and Ratings Information

 

 

 

Consolidated Balance Sheets

27

 

 

Capital and Ratings Information

28

 

 

Investments

29

 

Non-GAAP Financial Information

30

 

Glossary of Selected Terminology

 

 

 

Glossary of Selected Terminology - Segments

31

 

 

Glossary of Selected Terminology

32

 

Exhibit A

 

 

 

RiverSource Mutual Fund Performance and Lipper Ranking

35

 

Exhibit B

 

 

 

Reconciliation Tables

42

 

 

Return on Equity

43

 

Exhibit C

 

 

 

Disclosed Items

45

 

Exhibit D

 

 

 

Prior Statistical Supplement Reconciliation Tables

49

 

 

2



 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

Consolidated Results

 

3



Ameriprise Financial, Inc.

Highlights

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions, except earnings per share amounts, headcount and
as otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Management Targets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue growth: Target 6 - 8%

 

5.5

%

5.6

%

12.1

%

8.4

%

2.9

%

5.5

%

2.9

%

(2.6

)%

 

 

 

(2.6

)%

 

 

 

(5.5

)%

 

 

 

Adjusted return on equity: Target 12 - 15% (1)

 

12.2

%

12.5

%

12.4

%

12.6

%

12.2

%

12.2

%

12.2

%

 

 

 

 

 

 

 

 

(0.4

)%

 

 

 

Adjusted earnings per diluted share growth: Target 12 - 15% (1)

 

20.0

%

24.1

%

5.3

%

13.7

%

(8.9

)%

20.0

%

(8.9

)%

(28.9

)%

 

 

 

(28.9

)%

 

 

 

(22.6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Margins

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income margin

 

8.1

%

9.2

%

9.1

%

11.0

%

9.2

%

8.1

%

9.2

%

1.1

 

 

 

1.1

%

 

 

 

(1.8

)%

 

 

 

Adjusted pretax margin (1)

 

14.8

%

14.4

%

12.8

%

15.8

%

9.3

%

14.8

%

9.3

%

(5.5

)%

 

 

 

(5.5

)%

 

 

 

(6.5

)%

 

 

 

Adjusted earnings margin (1)

 

10.9

%

11.1

%

10.9

%

11.8

%

9.2

%

10.9

%

9.2

%

(1.7

)%

 

 

 

(1.7

)%

 

 

 

(2.6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.69

 

$

0.83

 

$

0.84

 

$

1.10

 

$

0.84

 

$

0.69

 

$

0.84

 

$

0.15

 

22

%

 

$

0.15

 

22

%

 

$

(0.26

)

(24

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

$

0.68

 

$

0.81

 

$

0.83

 

$

1.08

 

$

0.82

 

$

0.68

 

$

0.82

 

$

0.14

 

21

%

 

$

0.14

 

21

%

 

$

(0.26

)

(24

)%

 

Separation costs, after-tax

 

0.22

 

0.17

 

0.16

 

0.08

 

 

0.22

 

 

(0.22

)

#

 

 

(0.22

)

#

 

 

(0.08

)

#

 

 

Adjusted diluted earnings per share

 

$

0.90

 

$

0.98

 

$

0.99

 

$

1.16

 

$

0.82

 

$

0.90

 

$

0.82

 

$

(0.08

)

(9

)%

 

$

(0.08

)

(9

)%

 

$

(0.34

)

(29

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total common outstanding

 

236.6

 

235.3

 

232.4

 

227.7

 

223.4

 

236.6

 

223.4

 

(13.2

)

(6

)%

 

(13.2

)

(6

)%

 

(4.3

)

(2

)%

 

Nonforfeitable restricted stock units

 

1.9

 

1.3

 

1.3

 

1.4

 

2.6

 

1.9

 

2.6

 

0.7

 

37

%

 

0.7

 

37

%

 

1.2

 

86

%

 

Total potentially dilutive

 

3.2

 

3.8

 

3.9

 

3.9

 

2.8

 

3.2

 

2.8

 

(0.4

)

(13

)%

 

(0.4

)

(13

)%

 

(1.1

)

(28

)%

 

Total diluted shares

 

241.7

 

240.4

 

237.6

 

233.0

 

228.8

 

241.7

 

228.8

 

(12.9

)

(5

)%

 

(12.9

)

(5

)%

 

(4.2

)

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

240.7

 

237.4

 

235.4

 

231.4

 

228.4

 

240.7

 

228.4

 

(12.3

)

(5

)%

 

(12.3

)

(5

)%

 

(3.0

)

(1

)%

 

Diluted

 

244.1

 

241.0

 

239.2

 

235.4

 

231.5

 

244.1

 

231.5

 

(12.6

)

(5

)%

 

(12.6

)

(5

)%

 

(3.9

)

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

$

7,731

 

$

7,600

 

$

7,758

 

$

7,810

 

$

7,581

 

$

7,731

 

$

7,581

 

$

(150

)

(2

)%

 

$

(150

)

(2

)%

 

$

(229

)

(3

)%

 

Total client assets

 

278,722

 

292,271

 

297,856

 

293,899

 

275,958

 

278,722

 

275,958

 

(2,764

)

(1

)%

 

(2,764

)

(1

)%

 

(17,941

)

(6

)%

 

Total advisor cash sales

 

$

11,467

 

$

13,047

 

$

10,342

 

$

9,111

 

$

8,845

 

$

11,467

 

$

8,845

 

$

(2,622

)

(23

)%

 

$

(2,622

)

(23

)%

 

$

(266

)

(3

)%

 

Total financial advisors

 

12,342

 

12,076

 

12,003

 

11,824

 

11,609

 

12,342

 

11,609

 

(733

)

(6

)%

 

(733

)

(6

)%

 

(215

)

(2

)%

 

Net revenue per financial advisor (in thousands)

 

$

73

 

$

83

 

$

79

 

$

80

 

$

81

 

$

73

 

$

81

 

$

8

 

11

%

 

$

8

 

11

%

 

$

1

 

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned, Managed, and Administered Assets (in billions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned

 

$

35.8

 

$

38.5

 

$

39.6

 

$

39.6

 

$

36.8

 

$

35.8

 

$

36.8

 

$

1.0

 

3

%

 

$

1.0

 

3

%

 

$

(2.8

)

(7

)%

 

Managed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

External clients

 

305.3

 

310.5

 

315.4

 

307.0

 

287.2

 

305.3

 

287.2

 

(18.1

)

(6

)%

 

(18.1

)

(6

)%

 

(19.8

)

(6

)%

 

Owned

 

62.7

 

62.7

 

63.4

 

62.6

 

60.9

 

62.7

 

60.9

 

(1.8

)

(3

)%

 

(1.8

)

(3

)%

 

(1.7

)

(3

)%

 

Total managed

 

368.0

 

373.2

 

378.8

 

369.6

 

348.1

 

368.0

 

348.1

 

(19.9

)

(5

)%

 

(19.9

)

(5

)%

 

(21.5

)

(6

)%

 

Administered

 

70.3

 

72.5

 

73.5

 

71.0

 

65.8

 

70.3

 

65.8

 

(4.5

)

(6

)%

 

(4.5

)

(6

)%

 

(5.2

)

(7

)%

 

Total OMA assets

 

$

474.1

 

$

484.2

 

$

491.9

 

$

480.2

 

$

450.7

 

$

474.1

 

$

450.7

 

$

(23.4

)

(5

)%

 

$

(23.4

)

(5

)%

 

$

(29.5

)

(6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends paid

 

$

27

 

$

36

 

$

35

 

$

35

 

$

34

 

$

27

 

$

34

 

$

7

 

26

%

 

$

7

 

26

%

 

$

(1

)

(3

)%

 

Common stock share repurchases

 

$

352

 

$

142

 

$

171

 

$

283

 

$

270

 

$

352

 

$

270

 

$

(82

)

(23

)%

 

$

(82

)

(23

)%

 

$

(13

)

(5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt to total capital

 

22.5 %

 

22.6 %

 

22.2 %

 

20.5 %

 

21.0 %

 

22.5 %

 

21.0 %

 

(1.5

)%

 

 

 

(1.5

)%

 

 

 

0.5

%

 

 

 

Debt to total capital excluding non-recourse debt

 

20.6 %

 

20.8 %

 

20.5 %

 

20.4 %

 

20.9 %

 

20.6 %

 

20.9 %

 

0.3 %

 

 

 

 

0.3

%

 

 

 

0.5

%

 

 

 

Debt to total capital excluding non-recourse debt and 75% equity credit

 

16.7 %

 

16.9 %

 

16.7 %

 

16.6 %

 

17.0 %

 

16.7 %

 

17.0 %

 

0.3 %

 

 

 

 

0.3

%

 

 

 

0.4

%

 

 

 

 


(1)                       See non-GAAP Financial Information.

#                      Variance of 100% or greater.

 

4



 

Ameriprise Financial, Inc.

Financial Summary

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Segment Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

$

906

 

$

1,007

 

$

953

 

$

947

 

$

936

 

$

906

 

$

936

 

$

30

 

3

%

 

$

30

 

3

%

 

$

(11

)

(1

)%

 

Asset Management

 

411

 

449

 

410

 

492

 

355

 

411

 

355

 

(56

)

(14

)%

 

(56

)

(14

)%

 

(137

)

(28

)%

 

Annuities

 

526

 

520

 

619

 

639

 

564

 

526

 

564

 

38

 

7

%

 

38

 

7

%

 

(75

)

(12

)%

 

Protection

 

481

 

485

 

495

 

524

 

492

 

481

 

492

 

11

 

2

%

 

11

 

2

%

 

(32

)

(6

)%

 

Corporate & Other

 

14

 

 

(6

)

16

 

9

 

14

 

9

 

(5

)

(36

)%

 

(5

)

(36

)%

 

(7

)

(44

)%

 

Eliminations

 

(311

)

(323

)

(301

)

(299

)

(270

)

(311

)

(270

)

41

 

13

%

 

41

 

13

%

 

29

 

10

%

 

Total net revenues

 

2,027

 

2,138

 

2,170

 

2,319

 

2,086

 

2,027

 

2,086

 

59

 

3

%

 

59

 

3

%

 

(233

)

(10

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

850

 

906

 

859

 

913

 

872

 

850

 

872

 

22

 

3

%

 

22

 

3

%

 

(41

)

(4

)%

 

Asset Management

 

365

 

368

 

338

 

384

 

337

 

365

 

337

 

(28

)

(8

)%

 

(28

)

(8

)%

 

(47

)

(12

)%

 

Annuities

 

408

 

434

 

528

 

511

 

522

 

408

 

522

 

114

 

28

%

 

114

 

28

%

 

11

 

2

%

 

Protection

 

361

 

367

 

402

 

370

 

390

 

361

 

390

 

29

 

8

%

 

29

 

8

%

 

20

 

5

%

 

Corporate & Other

 

53

 

78

 

67

 

74

 

40

 

53

 

40

 

(13

)

(25

)%

 

(13

)

(25

)%

 

(34

)

(46

)%

 

Eliminations

 

(311

)

(323

)

(301

)

(299

)

(270

)

(311

)

(270

)

41

 

13

%

 

41

 

13

%

 

29

 

10

%

 

Total expenses before separation costs

 

1,726

 

1,830

 

1,893

 

1,953

 

1,891

 

1,726

 

1,891

 

165

 

10

%

 

165

 

10

%

 

(62

)

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Separation Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate & Other

 

85

 

63

 

60

 

28

 

 

85

 

 

(85

)

#

 

 

(85

)

#

 

 

(28

)

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Segment Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

56

 

101

 

94

 

34

 

64

 

56

 

64

 

8

 

14

%

 

8

 

14

%

 

30

 

88

%

 

Asset Management

 

46

 

81

 

72

 

108

 

18

 

46

 

18

 

(28

)

(61

)%

 

(28

)

(61

)%

 

(90

)

(83

)%

 

Annuities

 

118

 

86

 

91

 

128

 

42

 

118

 

42

 

(76

)

(64

)%

 

(76

)

(64

)%

 

(86

)

(67

)%

 

Protection

 

120

 

118

 

93

 

154

 

102

 

120

 

102

 

(18

)

(15

)%

 

(18

)

(15

)%

 

(52

)

(34

)%

 

Corporate & Other

 

(124

)

(141

)

(133

)

(86

)

(31

)

(124

)

(31

)

93

 

75

%

 

93

 

75

%

 

55

 

64

%

 

Eliminations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total pretax segment income

 

$

216

 

$

245

 

$

217

 

$

338

 

$

195

 

$

216

 

$

195

 

$

(21

)

(10

)%

 

$

(21

)

(10

)%

 

$

(143

)

(42

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Income Margin

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

6.2

%

10.0

%

9.9

%

3.6

%

6.8

%

6.2

%

6.8

%

0.7

%

 

 

 

0.7

%

 

 

 

3.2

%

 

 

 

Asset Management

 

11.2

%

18.0

%

17.6

%

22.0

%

5.1

%

11.2

%

5.1

%

(6.1

)%

 

 

 

(6.1

)%

 

 

 

(16.9

)%

 

 

 

Annuities

 

22.4

%

16.5

%

14.7

%

20.0

%

7.4

%

22.4

%

7.4

%

(15.0

)%

 

 

 

(15.0

)%

 

 

 

(12.6

)%

 

 

 

Protection

 

24.9

%

24.3

%

18.8

%

29.4

%

20.7

%

24.9

%

20.7

%

(4.2

)%

 

 

 

(4.2

)%

 

 

 

(8.7

)%

 

 

 

Ameriprise Financial, Inc.

 

10.7

%

11.5

%

10.0

%

14.6

%

9.3

%

10.7

%

9.3

%

(1.4

)%

 

 

 

(1.4

)%

 

 

 

(5.3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

$

959

 

$

952

 

$

942

 

$

930

 

$

928

 

$

959

 

$

928

 

$

(31

)

(3

)%

 

$

(31

)

(3

)%

 

$

(2

)

 

 

Asset Management

 

863

 

865

 

862

 

878

 

847

 

863

 

847

 

(16

)

(2

)%

 

(16

)

(2

)%

 

(31

)

(4

)%

 

Annuities

 

2,292

 

2,151

 

2,128

 

2,100

 

2,005

 

2,292

 

2,005

 

(287

)

(13

)%

 

(287

)

(13

)%

 

(95

)

(5

)%

 

Protection

 

2,174

 

2,145

 

2,308

 

2,318

 

2,358

 

2,174

 

2,358

 

184

 

8

%

 

184

 

8

%

 

40

 

2

%

 

Corporate & Other

 

1,586

 

1,842

 

1,767

 

1,751

 

1,730

 

1,586

 

1,730

 

144

 

9

%

 

144

 

9

%

 

(21

)

(1

)%

 

Total allocated equity

 

$

7,874

 

$

7,955

 

$

8,007

 

$

7,977

 

$

7,868

 

$

7,874

 

$

7,868

 

$

(6

)

 

 

$

(6

)

 

 

$

(109

)

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Return on Allocated Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

22.4

%

26.3

%

30.1

%

30.0

%

31.1

%

22.4

%

31.1

%

8.7

%

 

 

 

8.7

%

 

 

 

1.1

%

 

 

 

Asset Management

 

29.4

%

29.7

%

31.9

%

35.4

%

32.3

%

29.4

%

32.3

%

2.9

%

 

 

 

2.9

%

 

 

 

(3.1

)%

 

 

 

Annuities

 

18.2

%

18.8

%

19.2

%

19.1

%

16.3

%

18.2

%

16.3

%

(1.9

)%

 

 

 

(1.9

)%

 

 

 

(2.8

)%

 

 

 

Protection

 

22.1

%

23.1

%

20.2

%

21.8

%

20.7

%

22.1

%

20.7

%

(1.4

)%

 

 

 

(1.4

)%

 

 

 

(1.1

)%

 

 

 

 


# Variance of 100% or greater.

 

5



 

Ameriprise Financial, Inc.

Consolidated Income Statements

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

722

 

$

788

 

$

798

 

$

930

 

$

791

 

$

722

 

$

791

 

$

69

 

10

%

 

$

69

 

10

%

 

$

(139

)

(15

)%

 

Distribution fees

 

418

 

494

 

435

 

415

 

433

 

418

 

433

 

15

 

4

%

 

15

 

4

%

 

18

 

4

%

 

Net investment income

 

532

 

501

 

565

 

524

 

460

 

532

 

460

 

(72

)

(14

)%

 

(72

)

(14

)%

 

(64

)

(12

)%

 

Premiums

 

257

 

266

 

269

 

271

 

265

 

257

 

265

 

8

 

3

%

 

8

 

3

%

 

(6

)

(2

)%

 

Other revenues

 

167

 

164

 

165

 

228

 

157

 

167

 

157

 

(10

)

(6

)%

 

(10

)

(6

)%

 

(71

)

(31

)%

 

Total revenues

 

2,096

 

2,213

 

2,232

 

2,368

 

2,106

 

2,096

 

2,106

 

10

 

 

 

10

 

 

 

(262

)

(11

)%

 

Banking and deposit interest expense

 

69

 

75

 

62

 

49

 

20

 

69

 

20

 

(49

)

(71

)%

 

(49

)

(71

)%

 

(29

)

(59

)%

 

Total net revenues

 

2,027

 

2,138

 

2,170

 

2,319

 

2,086

 

2,027

 

2,086

 

59

 

3

%

 

59

 

3

%

 

(233

)

(10

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

478

 

533

 

519

 

527

 

541

 

478

 

541

 

63

 

13

%

 

63

 

13

%

 

14

 

3

%

 

Interest credited to fixed accounts

 

217

 

224

 

214

 

195

 

178

 

217

 

178

 

(39

)

(18

)%

 

(39

)

(18

)%

 

(17

)

(9

)%

 

Benefits, claims, losses and settlement expenses

 

251

 

264

 

417

 

342

 

407

 

251

 

407

 

156

 

62

%

 

156

 

62

%

 

65

 

19

%

 

Amortization of deferred acquisition costs

 

134

 

125

 

128

 

164

 

154

 

134

 

154

 

20

 

15

%

 

20

 

15

%

 

(10

)

(6

)%

 

Interest and debt expense

 

29

 

29

 

27

 

27

 

26

 

29

 

26

 

(3

)

(10

)%

 

(3

)

(10

)%

 

(1

)

(4

)%

 

Separation costs

 

85

 

63

 

60

 

28

 

 

85

 

 

(85

)

#

 

 

(85

)

#

 

 

(28

)

#

 

 

General and administrative expense

 

617

 

655

 

588

 

698

 

585

 

617

 

585

 

(32

)

(5

)%

 

(32

)

(5

)%

 

(113

)

(16

)%

 

Total expenses

 

1,811

 

1,893

 

1,953

 

1,981

 

1,891

 

1,811

 

1,891

 

80

 

4

%

 

80

 

4

%

 

(90

)

(5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

216

 

245

 

217

 

338

 

195

 

216

 

195

 

(21

)

(10

)%

 

(21

)

(10

)%

 

(143

)

(42

)%

 

Income tax provision

 

51

 

49

 

19

 

83

 

4

 

51

 

4

 

(47

)

(92

)%

 

(47

)

(92

)%

 

(79

)

(95

)%

 

Net income

 

$

165

 

$

196

 

$

198

 

$

255

 

$

191

 

$

165

 

$

191

 

$

26

 

16

%

 

$

26

 

16

%

 

$

(64

)

(25

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted Earnings Reconciliation (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

165

 

$

196

 

$

198

 

$

255

 

$

191

 

$

165

 

$

191

 

$

26

 

16

%

 

$

26

 

16

%

 

$

(64

)

(25

)%

 

Separation costs, after-tax (2)

 

55

 

41

 

39

 

19

 

 

55

 

 

(55

)

#

 

 

(55

)

#

 

 

(19

)

#

 

 

Adjusted earnings

 

$

220

 

$

237

 

$

237

 

$

274

 

$

191

 

$

220

 

$

191

 

$

(29

)

(13

)%

 

$

(29

)

(13

)%

 

$

(83

)

(30

)%

 

 


(1) See non-GAAP Financial Information.

 

(2) In GAAP financial statements, separation costs are part of continuing operations. For this non-GAAP presentation, after-tax separation costs are calculated using the statutory tax rate of 35%.

 

# Variance of 100% or greater.

 

6



 

Ameriprise Financial, Inc.

Consolidated Income Statements

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income margin

 

10.7

%

11.5

%

10.0

%

14.6

%

9.3

%

10.7

%

9.3

%

(1.4

)%

 

 

 

(1.4

)%

 

 

 

(5.3

)%

 

 

 

Net income margin

 

8.1

%

9.2

%

9.1

%

11.0

%

9.2

%

8.1

%

9.2

%

1.1

%

 

 

 

1.1

%

 

 

 

(1.8

)%

 

 

 

Adjusted pretax margin (1)

 

14.8

%

14.4

%

12.8

%

15.8

%

9.3

%

14.8

%

9.3

%

(5.5

)%

 

 

 

(5.5

)%

 

 

 

(6.5

)%

 

 

 

Adjusted earnings margin (1)

 

10.9

%

11.1

%

10.9

%

11.8

%

9.2

%

10.9

%

9.2

%

(1.7

)%

 

 

 

(1.7

)%

 

 

 

(2.6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

484

 

$

461

 

$

444

 

$

441

 

$

418

 

$

484

 

$

418

 

$

(66

)

(14

)%

 

$

(66

)

(14

)%

 

$

(23

)

(5

)%

 

Realized gains (losses)

 

9

 

2

 

15

 

18

 

(24

)

9

 

(24

)

(33

)

#

 

 

(33

)

#

 

 

(42

)

#

 

 

Hedges related to certificate deposits

 

2

 

9

 

5

 

(10

)

(27

)

2

 

(27

)

(29

)

#

 

 

(29

)

#

 

 

(17

)

#

 

 

Hedges related to interest credited

 

(1

)

9

 

2

 

(7

)

(17

)

(1

)

(17

)

(16

)

#

 

 

(16

)

#

 

 

(10

)

#

 

 

Hedges related to variable annuities benefits

 

(4

)

(24

)

57

 

66

 

103

 

(4

)

103

 

107

 

#

 

 

107

 

#

 

 

37

 

56

%

 

Affordable housing amortization

 

(8

)

(9

)

(7

)

(8

)

(7

)

(8

)

(7

)

1

 

13

%

 

1

 

13

%

 

1

 

13

%

 

Other (including seed money)

 

50

 

53

 

49

 

24

 

14

 

50

 

14

 

(36

)

(72

)%

 

(36

)

(72

)%

 

(10

)

(42

)%

 

Total net investment income

 

$

532

 

$

501

 

$

565

 

$

524

 

$

460

 

$

532

 

$

460

 

$

(72

)

(14

)%

 

$

(72

)

(14

)%

 

$

(64

)

(12

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue growth: Target 6 - 8%

 

5.5

%

5.6

%

12.1

%

8.4

%

2.9

%

5.5

%

2.9

%

(2.6

)%

 

 

 

(2.6

)%

 

 

 

(5.5

)%

 

 

 

Adjusted return on equity: Target 12 - 15% (1)

 

12.2

%

12.5

%

12.4

%

12.6

%

12.2

%

12.2

%

12.2

%

 

 

 

 

 

 

 

 

(0.4

)%

 

 

 

Adjusted earnings per diluted share growth: Target 12 - 15% (1)

 

20.0

%

24.1

%

5.3

%

13.7

%

(8.9

)%

20.0

%

(8.9

)%

(28.9

)%

 

 

 

(28.9

)%

 

 

 

(22.6

)%

 

 

 

Goodwill and intangible assets

 

$

868

 

$

873

 

$

878

 

$

863

 

$

857

 

$

868

 

$

857

 

$

(11

)

(1

)%

 

$

(11

)

(1

)%

 

$

(6

)

(1

)%

 

Dividends paid

 

27

 

36

 

35

 

35

 

34

 

27

 

34

 

7

 

26

%

 

7

 

26

%

 

(1

)

(3

)%

 

Common stock share repurchases

 

$

352

 

$

142

 

$

171

 

$

283

 

$

270

 

$

352

 

$

270

 

$

(82

)

(23

)%

 

$

(82

)

(23

)%

 

$

(13

)

(5

)%

 

Return on equity

 

8.6

%

9.2

%

9.4

%

10.5

%

10.9

%

8.6

%

10.9

%

2.3

%

 

 

 

2.3

%

 

 

 

0.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned, Managed and Administered Assets (in billions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned

 

$

35.8

 

$

38.5

 

$

39.6

 

$

39.6

 

$

36.8

 

$

35.8

 

$

36.8

 

$

1.0

 

3

%

 

$

1.0

 

3

%

 

$

(2.8

)

(7

)%

 

Managed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

External clients

 

305.3

 

310.5

 

315.4

 

307.0

 

287.2

 

305.3

 

287.2

 

(18.1

)

(6

)%

 

(18.1

)

(6

)%

 

(19.8

)

(6

)%

 

Owned

 

62.7

 

62.7

 

63.4

 

62.6

 

60.9

 

62.7

 

60.9

 

(1.8

)

(3

)%

 

(1.8

)

(3

)%

 

(1.7

)

(3

)%

 

Total managed

 

368.0

 

373.2

 

378.8

 

369.6

 

348.1

 

368.0

 

348.1

 

(19.9

)

(5

)%

 

(19.9

)

(5

)%

 

(21.5

)

(6

)%

 

Administered

 

70.3

 

72.5

 

73.5

 

71.0

 

65.8

 

70.3

 

65.8

 

(4.5

)

(6

)%

 

(4.5

)

(6

)%

 

(5.2

)

(7

)%

 

Total OMA assets

 

$

474.1

 

$

484.2

 

$

491.9

 

$

480.2

 

$

450.7

 

$

474.1

 

$

450.7

 

$

(23.4

)

(5

)%

 

$

(23.4

)

(5

)%

 

$

(29.5

)

(6

)%

 

 


(1) See non-GAAP Financial Information.

# Variance of 100% or greater.

 

7



 

Ameriprise Financial, Inc.

Consolidated, Common Share and Per Share Summary

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions, except earnings per share amounts)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.69

 

$

0.83

 

$

0.84

 

$

1.10

 

$

0.84

 

$

0.69

 

$

0.84

 

$

0.15

 

23

%

 

$

0.15

 

22

%

 

$

(0.26

)

(24

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per diluted share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per diluted share

 

$

0.68

 

$

0.81

 

$

0.83

 

$

1.08

 

$

0.82

 

$

0.68

 

$

0.82

 

$

0.14

 

21

%

 

$

0.14

 

21

%

 

$

(0.26

)

(24

)%

 

Separation costs, after-tax

 

0.22

 

0.17

 

0.16

 

0.08

 

 

0.22

 

 

(0.22

)

#

 

 

(0.22

)

#

 

 

(0.08

)

#

 

 

Adjusted earnings per diluted share (1)

 

$

0.90

 

$

0.98

 

$

0.99

 

$

1.16

 

$

0.82

 

$

0.90

 

$

0.82

 

$

(0.08

)

(9

)%

 

$

(0.08

)

(9

)%

 

$

(0.34

)

(29

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

241.4

 

236.6

 

235.3

 

232.4

 

227.7

 

241.4

 

227.7

 

(13.7

)

(6

)%

 

(13.7

)

(6

)%

 

(4.7

)

(2

)%

 

Repurchases

 

(5.9

)

(2.3

)

(2.9

)

(4.8

)

(5.2

)

(5.9

)

(5.2

)

0.7

 

12

%

 

0.7

 

12

%

 

(0.4

)

(8

)%

 

Issuances

 

1.5

 

1.2

 

0.1

 

0.2

 

1.3

 

1.5

 

1.3

 

(0.2

)

(13

)%

 

(0.2

)

(13

)%

 

1.1

 

#

 

 

Other

 

(0.4

)

(0.2

)

(0.1

)

(0.1

)

(0.4

)

(0.4

)

(0.4

)

 

 

 

 

 

 

(0.3

)

#

 

 

Total common outstanding

 

236.6

 

235.3

 

232.4

 

227.7

 

223.4

 

236.6

 

223.4

 

(13.2

)

(6

)%

 

(13.2

)

(6

)%

 

(4.3

)

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total common outstanding

 

236.6

 

235.3

 

232.4

 

227.7

 

223.4

 

236.6

 

223.4

 

(13.2

)

(6

)%

 

(13.2

)

(6

)%

 

(4.3

)

(2

)%

 

Nonforfeitable restricted stock units

 

1.9

 

1.3

 

1.3

 

1.4

 

2.6

 

1.9

 

2.6

 

0.7

 

37

%

 

0.7

 

37

%

 

1.2

 

86

%

 

Total basic common shares

 

238.5

 

236.6

 

233.7

 

229.1

 

226.0

 

238.5

 

226.0

 

(12.5

)

(5

)%

 

(12.5

)

(5

)%

 

(3.1

)

(1

)%

 

Total potentially dilutive

 

3.2

 

3.8

 

3.9

 

3.9

 

2.8

 

3.2

 

2.8

 

(0.4

)

(13

)%

 

(0.4

)

(13

)%

 

(1.1

)

(28

)%

 

Total diluted shares

 

241.7

 

240.4

 

237.6

 

233.0

 

228.8

 

241.7

 

228.8

 

(12.9

)

(5

)%

 

(12.9

)

(5

)%

 

(4.2

)

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

240.7

 

237.4

 

235.4

 

231.4

 

228.4

 

240.7

 

228.4

 

(12.3

)

(5

)%

 

(12.3

)

(5

)%

 

(3.0

)

(1

)%

 

Diluted

 

244.1

 

241.0

 

239.2

 

235.4

 

231.5

 

244.1

 

231.5

 

(12.6

)

(5

)%

 

(12.6

)

(5

)%

 

(3.9

)

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Book Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity - end of period

 

$

7,731

 

$

7,600

 

$

7,758

 

$

7,810

 

$

7,581

 

$

7,731

 

$

7,581

 

$

(150

)

(2

)%

 

$

(150

)

(2

)%

 

$

(229

)

(3

)%

 

Average equity - 5 point

 

7,597

 

7,649

 

7,753

 

7,765

 

7,696

 

7,597

 

7,696

 

99

 

1

%

 

99

 

1

%

 

(69

)

(1

)%

 

Book Value per Share

 

$

32.42

 

$

32.12

 

$

33.20

 

$

34.09

 

$

33.54

 

$

32.42

 

$

33.54

 

$

1.13

 

3

%

 

$

1.13

 

3

%

 

$

(0.55

)

(2

)%

 

 


(1) See non-GAAP Financial Information.

 

# Variance of 100% or greater.

 

8



 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

Advice & Wealth Management Segment

 

9



 

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

306

 

$

327

 

$

348

 

$

369

 

$

367

 

$

306

 

$

367

 

$

61

 

20

%

 

$

61

 

20

%

 

$

(2

)

(1

)%

 

Distribution fees

 

540

 

620

 

541

 

517

 

517

 

540

 

517

 

(23

)

(4

)%

 

(23

)

(4

)%

 

 

 

 

Net investment income

 

108

 

112

 

101

 

84

 

52

 

108

 

52

 

(56

)

(52

)%

 

(56

)

(52

)%

 

(32

)

(38

)%

 

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

16

 

18

 

21

 

21

 

20

 

16

 

20

 

4

 

25

%

 

4

 

25

%

 

(1

)

(5

)%

 

Total revenues

 

970

 

1,077

 

1,011

 

991

 

956

 

970

 

956

 

(14

)

(1

)%

 

(14

)

(1

)%

 

(35

)

(4

)%

 

Banking and deposit interest expense

 

64

 

70

 

58

 

44

 

20

 

64

 

20

 

(44

)

(69

)%

 

(44

)

(69

)%

 

(24

)

(55

)%

 

Total net revenues

 

906

 

1,007

 

953

 

947

 

936

 

906

 

936

 

30

 

3

%

 

30

 

3

%

 

(11

)

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

562

 

615

 

585

 

587

 

585

 

562

 

585

 

23

 

4

%

 

23

 

4

%

 

(2

)

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

288

 

291

 

274

 

326

 

287

 

288

 

287

 

(1

)

 

 

(1

)

 

 

(39

)

(12

)%

 

Total expenses

 

850

 

906

 

859

 

913

 

872

 

850

 

872

 

22

 

3

%

 

22

 

3

%

 

(41

)

(4

)%

 

Pretax income

 

$

56

 

$

101

 

$

94

 

$

34

 

$

64

 

$

56

 

$

64

 

$

8

 

14

%

 

$

8

 

14

%

 

$

30

 

88

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income margin

 

6.2

%

10.0

%

9.9

%

3.6

%

6.8

%

6.2

%

6.8

%

0.7

%

 

 

 

0.7

%

 

 

 

3.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

74

 

$

69

 

$

64

 

$

67

 

$

62

 

$

74

 

$

62

 

$

(12

)

(16

)%

 

$

(12

)

(16

)%

 

$

(5

)

(7

)%

 

Realized gains (losses)

 

 

(1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hedges related to certificate deposits

 

2

 

9

 

5

 

(10

)

(27

)

2

 

(27

)

(29

)

#

 

 

(29

)

#

 

 

(17

)

#

 

 

Other (including seed money)

 

32

 

35

 

32

 

27

 

17

 

32

 

17

 

(15

)

(47

)%

 

(15

)

(47

)%

 

(10

)

(37

)%

 

Total net investment income

 

$

108

 

$

112

 

$

101

 

$

84

 

$

52

 

$

108

 

$

52

 

$

(56

)

(52

)%

 

$

(56

)

(52

)%

 

$

(32

)

(38

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

959

 

$

952

 

$

942

 

$

930

 

$

928

 

$

959

 

$

928

 

$

(31

)

(3

)%

 

$

(31

)

(3

)%

 

$

(2

)

 

 

Pretax return on allocated equity

 

22.4

%

26.3

%

30.1

%

30.0

%

31.1

%

22.4

%

31.1

%

8.7

%

 

 

 

8.7

%

 

 

 

1.1

%

 

 

 

On-balance sheet deposits

 

$

6,323

 

$

5,916

 

$

5,887

 

$

6,011

 

$

6,183

 

$

6,323

 

$

6,183

 

$

(140

)

(2

)%

 

$

(140

)

(2

)%

 

$

172

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Branded financial plan net cash sales

 

$

55

 

$

50

 

$

44

 

$

53

 

$

53

 

$

55

 

$

53

 

$

(2

)

(4

)%

 

$

(2

)

(4

)%

 

$

 

 

 

Financial planning penetration

 

45

%

45

%

45

%

45

%

46

%

45

%

46

%

1

%

 

 

 

1

%

 

 

 

1

%

 

 

 

 


# Variance of 100% or greater.

 

10



 

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Financial Advisors

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee advisors

 

2,987

 

2,731

 

2,541

 

2,453

 

2,193

 

2,987

 

2,193

 

(794

)

(27

)%

 

(794

)

(27

)%

 

(260

)

(11

)%

 

Franchisee advisors

 

7,611

 

7,642

 

7,712

 

7,757

 

7,809

 

7,611

 

7,809

 

198

 

3

%

 

198

 

3

%

 

52

 

1

%

 

Total branded financial advisors

 

10,598

 

10,373

 

10,253

 

10,210

 

10,002

 

10,598

 

10,002

 

(596

)

(6

)%

 

(596

)

(6

)%

 

(208

)

(2

)%

 

SAI independent advisors

 

1,744

 

1,703

 

1,750

 

1,614

 

1,607

 

1,744

 

1,607

 

(137

)

(8

)%

 

(137

)

(8

)%

 

(7

)

 

 

Total financial advisors

 

12,342

 

12,076

 

12,003

 

11,824

 

11,609

 

12,342

 

11,609

 

(733

)

(6

)%

 

(733

)

(6

)%

 

(215

)

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue per financial advisor (in thousands) (1)

 

$

73

 

$

83

 

$

79

 

$

80

 

$

81

 

$

73

 

$

81

 

$

8

 

11

%

 

$

8

 

11

%

 

$

1

 

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisor Retention

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee

 

63.1

%

62.2

%

61.0

%

58.9

%

59.1

%

63.1

%

59.1

%

(4.0

)%

 

 

 

(4.0

)%

 

 

 

0.2

%

 

 

 

Franchisee

 

93.1

%

93.2

%

93.3

%

93.2

%

93.7

%

93.1

%

93.7

%

0.6

%

 

 

 

0.6

%

 

 

 

0.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates and Banking - Combined

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

2

 

$

(2

)

$

3

 

$

(8

)

$

(5

)

$

2

 

$

(5

)

$

(7

)

#

 

 

$

(7

)

#

 

 

$

3

 

38

%

 

Allocated equity

 

$

409

 

$

389

 

$

375

 

$

367

 

$

376

 

$

409

 

$

376

 

$

(33

)

(8

)%

 

$

(33

)

(8

)%

 

$

9

 

2

%

 

Pretax return on allocated equity

 

5.0

%

1.8

%

0.5

%

(1.3

)%

(3.1

)%

5.0

%

(3.1

)%

(8.1

)%

 

 

 

(8.1

)%

 

 

 

(1.8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management & Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

54

 

$

103

 

$

91

 

$

42

 

$

69

 

$

54

 

$

69

 

$

15

 

28

%

 

$

15

 

28

%

 

$

27

 

64

%

 

Allocated equity

 

$

550

 

$

563

 

$

567

 

$

563

 

$

552

 

$

550

 

$

552

 

$

2

 

 

 

$

2

 

 

 

$

(11

)

(2

)%

 

Pretax return on allocated equity

 

34.0

%

43.6

%

51.8

%

52.0

%

54.6

%

34.0

%

54.6

%

20.6

%

 

 

 

20.6

%

 

 

 

2.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisor Cash Sales by Product

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wrap net flows

 

$

3,355

 

$

3,811

 

$

2,697

 

$

1,802

 

$

1,380

 

$

3,355

 

$

1,380

 

$

(1,975

)

(59

)%

 

$

(1,975

)

(59

)%

 

$

(422

)

(23

)%

 

Total mutual funds (non-wrap)

 

4,323

 

4,581

 

3,939

 

3,884

 

4,119

 

4,323

 

4,119

 

(204

)

(5

)%

 

(204

)

(5

)%

 

235

 

6

%

 

Annuities (proprietary and non-proprietary)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable

 

2,761

 

3,002

 

2,688

 

2,498

 

2,186

 

2,761

 

2,186

 

(575

)

(21

)%

 

(575

)

(21

)%

 

(312

)

(12

)%

 

Fixed

 

103

 

107

 

107

 

109

 

100

 

103

 

100

 

(3

)

(3

)%

 

(3

)

(3

)%

 

(9

)

(8

)%

 

Investment certificates

 

236

 

220

 

174

 

181

 

322

 

236

 

322

 

86

 

36

%

 

86

 

36

%

 

141

 

78

%

 

Insurance (proprietary and non-proprietary)

 

125

 

131

 

124

 

122

 

102

 

125

 

102

 

(23

)

(18

)%

 

(23

)

(18

)%

 

(20

)

(16

)%

 

Other

 

564

 

1,195

 

613

 

515

 

636

 

564

 

636

 

72

 

13

%

 

72

 

13

%

 

121

 

23

%

 

Total advisor cash sales

 

$

11,467

 

$

13,047

 

$

10,342

 

$

9,111

 

$

8,845

 

$

11,467

 

$

8,845

 

$

(2,622

)

(23

)%

 

$

(2,622

)

(23

)%

 

$

(266

)

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Client Assets (at period end)

 

$

278,722

 

$

292,271

 

$

297,856

 

$

293,899

 

$

275,958

 

$

278,722

 

$

275,958

 

$

(2,764

)

(1

)%

 

$

(2,764

)

(1

)%

 

$

(17,941

)

(6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Wrap Accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

$

76,365

 

$

81,812

 

$

89,150

 

$

92,944

 

$

93,851

 

$

76,365

 

$

93,851

 

$

17,486

 

23

%

 

$

17,486

 

23

%

 

$

907

 

1

%

 

Net flows

 

3,355

 

3,811

 

2,697

 

1,802

 

1,380

 

3,355

 

1,380

 

(1,975

)

(59

)%

 

(1,975

)

(59

)%

 

(422

)

(23

)%

 

Market appreciation (depreciation) and other

 

2,092

 

3,527

 

1,097

 

(895

)

(5,628

)

2,092

 

(5,628

)

(7,720

)

#

 

 

(7,720

)

#

 

 

(4,733

)

#

 

 

Total wrap ending assets

 

$

81,812

 

$

89,150

 

$

92,944

 

$

93,851

 

$

89,603

 

$

81,812

 

$

89,603

 

$

7,791

 

10

%

 

$

7,791

 

10

%

 

$

(4,248

)

(5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S&P 500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Daily average

 

1,425

 

1,497

 

1,489

 

1,494

 

1,349

 

1,425

 

1,349

 

(76

)

(5

)%

 

(76

)

(5

)%

 

(145

)

(10

)%

 

Period end

 

1,421

 

1,503

 

1,527

 

1,468

 

1,323

 

1,421

 

1,323

 

(98

)

(7

)%

 

(98

)

(7

)%

 

(145

)

(10

)%

 

 


(1) Year-to-date is sum of current year prior quarters.

 

# Variance of 100% or greater.

 

11



 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

Asset Management Segment

 

12



 

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

297

 

$

330

 

$

316

 

$

419

 

$

296

 

$

297

 

$

296

 

$

(1

)

 

 

$

(1

)

 

 

$

(123

)

(29

)%

 

Distribution fees

 

82

 

84

 

78

 

78

 

70

 

82

 

70

 

(12

)

(15

)%

 

(12

)

(15

)%

 

(8

)

(10

)%

 

Net investment income

 

17

 

22

 

5

 

4

 

(4

)

17

 

(4

)

(21

)

#

 

 

(21

)

#

 

 

(8

)

#

 

 

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

19

 

19

 

14

 

(2

)

(5

)

19

 

(5

)

(24

)

#

 

 

(24

)

#

 

 

(3

)

#

 

 

Total revenues

 

415

 

455

 

413

 

499

 

357

 

415

 

357

 

(58

)

(14

)%

 

(58

)

(14

)%

 

(142

)

(28

)%

 

Banking and deposit interest expense

 

4

 

6

 

3

 

7

 

2

 

4

 

2

 

(2

)

(50

)%

 

(2

)

(50

)%

 

(5

)

(71

)%

 

Total net revenues

 

411

 

449

 

410

 

492

 

355

 

411

 

355

 

(56

)

(14

)%

 

(56

)

(14

)%

 

(137

)

(28

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

113

 

116

 

117

 

118

 

118

 

113

 

118

 

5

 

4

%

 

5

 

4

%

 

 

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

10

 

9

 

7

 

7

 

8

 

10

 

8

 

(2

)

(20

)%

 

(2

)

(20

)%

 

1

 

14

%

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

242

 

243

 

214

 

259

 

211

 

242

 

211

 

(31

)

(13

)%

 

(31

)

(13

)%

 

(48

)

(19

)%

 

Total expenses

 

365

 

368

 

338

 

384

 

337

 

365

 

337

 

(28

)

(8

)%

 

(28

)

(8

)%

 

(47

)

(12

)%

 

Pretax income

 

$

46

 

$

81

 

$

72

 

$

108

 

$

18

 

$

46

 

$

18

 

$

(28

)

(61

)%

 

$

(28

)

(61

)%

 

$

(90

)

(83

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income margin

 

11.2

%

18.0

%

17.6

%

22.0

%

5.1

%

11.2

%

5.1

%

(6.1

)%

 

 

 

(6.1

)%

 

 

 

(16.9

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

863

 

$

865

 

$

862

 

$

878

 

$

847

 

$

863

 

$

847

 

$

(16

)

(2

)%

 

$

(16

)

(2

)%

 

$

(31

)

(4

)%

 

Pretax return on allocated equity

 

29.4

%

29.7

%

31.9

%

35.4

%

32.3

%

29.4

%

32.3

%

2.9

%

 

 

 

2.9

%

 

 

 

(3.1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Managed Assets Reconciliations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource managed assets

 

$

157,009

 

$

159,864

 

$

161,811

 

$

157,865

 

$

148,637

 

$

157,009

 

$

148,637

 

$

(8,372

)

(5

)%

 

$

(8,372

)

(5

)%

 

$

(9,228

)

(6

)%

 

Threadneedle managed assets

 

142,099

 

138,398

 

139,804

 

134,358

 

124,267

 

142,099

 

124,267

 

(17,832

)

(13

)%

 

(17,832

)

(13

)%

 

(10,091

)

(8

)%

 

Less: RiverSource assets sub-advised by Threadneedle

 

(5,203

)

(5,325

)

(5,614

)

(5,577

)

(4,912

)

(5,203

)

(4,912

)

291

 

6

%

 

291

 

6

%

 

665

 

12

%

 

Total managed assets

 

$

293,905

 

$

292,937

 

$

296,001

 

$

286,646

 

$

267,992

 

$

293,905

 

$

267,992

 

$

(25,913

)

(9

)%

 

$

(25,913

)

(9

)%

 

$

(18,654

)

(7

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Managed assets - external clients

 

$

231,242

 

$

230,220

 

$

232,634

 

$

224,070

 

$

207,119

 

$

231,242

 

$

207,119

 

$

(24,123

)

(10

)%

 

$

(24,123

)

(10

)%

 

$

(16,951

)

(8

)%

 

Managed assets - owned

 

62,663

 

62,717

 

63,367

 

62,576

 

60,873

 

62,663

 

60,873

 

(1,790

)

(3

)%

 

(1,790

)

(3

)%

 

(1,703

)

(3

)%

 

Total managed assets

 

$

293,905

 

$

292,937

 

$

296,001

 

$

286,646

 

$

267,992

 

$

293,905

 

$

267,992

 

$

(25,913

)

(9

)%

 

$

(25,913

)

(9

)%

 

$

(18,654

)

(7

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Managed Assets by Type

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

$

129,913

 

$

134,014

 

$

133,292

 

$

126,985

 

$

109,936

 

$

129,913

 

$

109,936

 

$

(19,977

)

(15

)%

 

$

(19,977

)

(15

)%

 

$

(17,049

)

(13

)%

 

Fixed income

 

122,912

 

114,406

 

117,170

 

117,280

 

117,377

 

122,912

 

117,377

 

(5,535

)

(5

)%

 

(5,535

)

(5

)%

 

97

 

 

 

Money market

 

10,849

 

13,590

 

14,134

 

13,112

 

13,147

 

10,849

 

13,147

 

2,298

 

21

%

 

2,298

 

21

%

 

35

 

 

 

Alternative

 

10,936

 

10,873

 

11,484

 

11,624

 

11,000

 

10,936

 

11,000

 

64

 

1

%

 

64

 

1

%

 

(624

)

(5

)%

 

Hybrid and other

 

19,295

 

20,054

 

19,921

 

17,645

 

16,532

 

19,295

 

16,532

 

(2,763

)

(14

)%

 

(2,763

)

(14

)%

 

(1,113

)

(6

)%

 

Total managed assets by type

 

$

293,905

 

$

292,937

 

$

296,001

 

$

286,646

 

$

267,992

 

$

293,905

 

$

267,992

 

$

(25,913

)

(9

)%

 

$

(25,913

)

(9

)%

 

$

(18,654

)

(7

)%

 

 


# Variance of 100% or greater.

 

13



 

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2008

 

 

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

Mutual Fund Performance

 

 

 

 

 

 

 

 

 

 

 

RiverSource

 

 

 

 

 

 

 

 

 

 

 

Equal Weighted Mutual Fund Rankings in top 2 Lipper Quartiles

 

 

 

 

 

 

 

 

 

 

 

Equity - 12 month

 

56

%

70

%

65

%

45

%

41

%

Fixed income - 12 month

 

83

%

88

%

83

%

42

%

30

%

Equity - 3 year

 

65

%

65

%

73

%

69

%

73

%

Fixed income - 3 year

 

44

%

44

%

39

%

50

%

50

%

Equity - 5 year

 

53

%

44

%

44

%

40

%

44

%

Fixed income - 5 year

 

36

%

29

%

29

%

36

%

27

%

 

 

 

 

 

 

 

 

 

 

 

 

Asset Weighted Mutual Fund Rankings in top 2 Lipper Quartiles

 

 

 

 

 

 

 

 

 

 

 

Equity - 12 month

 

58

%

87

%

67

%

57

%

53

%

Fixed income - 12 month

 

97

%

97

%

93

%

30

%

9

%

Equity - 3 year

 

72

%

74

%

93

%

68

%

70

%

Fixed income - 3 year

 

46

%

46

%

46

%

54

%

60

%

Equity - 5 year

 

81

%

61

%

57

%

58

%

57

%

Fixed income - 5 year

 

28

%

44

%

44

%

45

%

17

%

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle

 

 

 

 

 

 

 

 

 

 

 

Equal Weighted Mutual Fund Rankings in top 2 S&P Quartiles

 

 

 

 

 

 

 

 

 

 

 

Equity - 12 month

 

57

%

63

%

77

%

80

%

90

%

Fixed income - 12 month

 

44

%

44

%

22

%

22

%

55

%

Equity - 3 year

 

50

%

64

%

76

%

83

%

86

%

Fixed income - 3 year

 

56

%

56

%

22

%

22

%

60

%

Equity - 5 year

 

42

%

29

%

46

%

58

%

64

%

Fixed income - 5 year

 

56

%

56

%

33

%

22

%

40

%

 

Equal Weighted Rankings in Top 2 Quartiles: Counts the number of Class A funds with above median ranking divided by the total number of Class A funds. Asset size is not a factor.

 

Asset Weighted Rankings in Top 2 Quartiles: Sums the assets of the Class A funds with above median ranking divided by the total Class A assets. Funds with more assets will receive a greater share of the total percentage above or below median.

 

Aggregated data shows only actively-managed mutual funds by affiliated investment managers.

 

Aggregated data does not include mutual funds sub-advised by advisors not affiliated with Ameriprise Financial, Inc., RiverSource S&P 500 Index Fund, RiverSource Cash Management Fund and RiverSource Tax Free Money Market Fund.

 

Aggregated equity rankings include RiverSource Portfolio Builder Series and other balanced and asset allocation funds that invest in both equities and fixed income.

 

RiverSource Portfolio Builder Series funds are funds of mutual funds that may invest in third-party sub-advised funds.

 

Aggregated data only includes mutual funds in existence as of current quarter end. Refer to Exhibit A for RiverSource individual mutual fund performance rankings and other important disclosures.

 

Exhibit A includes RiverSource performance rankings for funds sub-advised by non-affiliated advisors for general reference although not included in the summary above.

 

14



 

Ameriprise Financial, Inc.

Asset Management Segment - RiverSource

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

RiverSource - Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

$

81,691

 

$

82,085

 

$

86,988

 

$

88,575

 

$

86,864

 

$

81,691

 

$

86,864

 

$

5,173

 

6

%

 

$

5,173

 

6

%

 

$

(1,711

)

(2

)%

 

Net flows

 

(836

)

721

 

399

 

225

 

(636

)

(836

)

(636

)

200

 

24

%

 

200

 

24

%

 

(861

)

#

 

 

Market appreciation (depreciation) and other

 

1,230

 

4,182

 

1,188

 

(1,936

)

(5,996

)

1,230

 

(5,996

)

(7,226

)

#

 

 

(7,226

)

#

 

 

(4,060

)

#

 

 

Total ending assets

 

82,085

 

86,988

 

88,575

 

86,864

 

80,232

 

82,085

 

80,232

 

(1,853

)

(2

)%

 

(1,853

)

(2

)%

 

(6,632

)

(8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Institutional

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

59,131

 

57,238

 

55,827

 

56,007

 

54,821

 

59,131

 

54,821

 

(4,310

)

(7

)%

 

(4,310

)

(7

)%

 

(1,186

)

(2

)%

 

Net flows

 

(2,163

)

(996

)

(358

)

(1,403

)

(1,677

)

(2,163

)

(1,677

)

486

 

22

%

 

486

 

22

%

 

(274

)

(20

)%

 

Market appreciation (depreciation) and other

 

270

 

(415

)

538

 

217

 

(597

)

270

 

(597

)

(867

)

#

 

 

(867

)

#

 

 

(814

)

#

 

 

Total ending assets

 

57,238

 

55,827

 

56,007

 

54,821

 

52,547

 

57,238

 

52,547

 

(4,691

)

(8

)%

 

(4,691

)

(8

)%

 

(2,274

)

(4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alternative

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

7,777

 

8,520

 

8,185

 

8,605

 

8,085

 

7,777

 

8,085

 

308

 

4

%

 

308

 

4

%

 

(520

)

(6

)%

 

Net flows

 

739

 

(332

)

426

 

(516

)

(483

)

739

 

(483

)

(1,222

)

#

 

 

(1,222

)

#

 

 

33

 

6

%

 

Market appreciation (depreciation) and other

 

4

 

(3

)

(6

)

(4

)

(309

)

4

 

(309

)

(313

)

#

 

 

(313

)

#

 

 

(305

)

#

 

 

Total ending assets

 

8,520

 

8,185

 

8,605

 

8,085

 

7,293

 

8,520

 

7,293

 

(1,227

)

(14

)%

 

(1,227

)

(14

)%

 

(792

)

(10

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trust

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

10,219

 

9,983

 

9,632

 

9,342

 

8,804

 

10,219

 

8,804

 

(1,415

)

(14

)%

 

(1,415

)

(14

)%

 

(538

)

(6

)%

 

Net flows

 

(322

)

(604

)

(415

)

(542

)

204

 

(322

)

204

 

526

 

#

 

 

526

 

#

 

 

746

 

#

 

 

Market appreciation (depreciation) and other

 

86

 

253

 

125

 

4

 

(97

)

86

 

(97

)

(183

)

#

 

 

(183

)

#

 

 

(101

)

#

 

 

Total ending assets

 

9,983

 

9,632

 

9,342

 

8,804

 

8,911

 

9,983

 

8,911

 

(1,072

)

(11

)%

 

(1,072

)

(11

)%

 

107

 

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other and Eliminations

 

(817

)

(768

)

(718

)

(709

)

(346

)

(817

)

(346

)

471

 

58

%

 

471

 

58

%

 

363

 

51

%

 

Total RiverSource managed assets

 

$

157,009

 

$

159,864

 

$

161,811

 

$

157,865

 

$

148,637

 

$

157,009

 

$

148,637

 

$

(8,372

)

(5

)%

 

$

(8,372

)

(5

)%

 

$

(9,228

)

(6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Net Flows - RiverSource

 

$

(2,582

)

$

(1,211

)

$

52

 

$

(2,236

)

$

(2,592

)

$

(2,582

)

$

(2,592

)

$

(10

)

 

 

$

(10

)

 

 

$

(356

)

(16

)%

 

 


# Variance of 100% or greater.

 

15



 

Ameriprise Financial, Inc.

Asset Management Segment - Threadneedle

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Threadneedle Managed Assets Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Retail Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

$

28,112

 

$

28,741

 

$

30,494

 

$

31,540

 

$

30,822

 

$

28,112

 

$

30,822

 

$

2,710

 

10

%

 

$

2,710

 

10

%

 

$

(718

)

(2

)%

 

Net flows

 

(130

)

64

 

98

 

(211

)

(253

)

(130

)

(253

)

(123

)

(95

)%

 

(123

)

(95

)%

 

(42

)

(20

)%

 

Market appreciation (depreciation)

 

592

 

936

 

287

 

379

 

(2,489

)

592

 

(2,489

)

(3,081

)

#

 

 

(3,081

)

#

 

 

(2,868

)

#

 

 

Foreign currency translation (1)

 

128

 

613

 

573

 

(964

)

(16

)

128

 

(16

)

(144

)

#

 

 

(144

)

#

 

 

948

 

98

%

 

Other

 

39

 

140

 

88

 

78

 

90

 

39

 

90

 

51

 

#

 

 

51

 

#

 

 

12

 

15

%

 

Total ending assets

 

28,741

 

30,494

 

31,540

 

30,822

 

28,154

 

28,741

 

28,154

 

(587

)

(2

)%

 

(587

)

(2

)%

 

(2,668

)

(9

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Institutional

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

111,151

 

110,960

 

105,247

 

105,450

 

100,057

 

111,151

 

100,057

 

(11,094

)

(10

)%

 

(11,094

)

(10

)%

 

(5,393

)

(5

)%

 

Net flows

 

(2,475

)

(11,037

)

(3,313

)

(4,516

)

(2,560

)

(2,475

)

(2,560

)

(85

)

(3

)%

 

(85

)

(3

)%

 

1,956

 

43

%

 

Market appreciation (depreciation)

 

936

 

1,838

 

585

 

1,468

 

(5,744

)

936

 

(5,744

)

(6,680

)

#

 

 

(6,680

)

#

 

 

(7,212

)

#

 

 

Foreign currency translation (1)

 

504

 

2,332

 

1,987

 

(3,167

)

(53

)

504

 

(53

)

(557

)

#

 

 

(557

)

#

 

 

3,114

 

98

%

 

Other

 

844

 

1,154

 

944

 

822

 

733

 

844

 

733

 

(111

)

(13

)%

 

(111

)

(13

)%

 

(89

)

(11

)%

 

Total ending assets

 

110,960

 

105,247

 

105,450

 

100,057

 

92,433

 

110,960

 

92,433

 

(18,527

)

(17

)%

 

(18,527

)

(17

)%

 

(7,624

)

(8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alternative

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

2,089

 

2,398

 

2,657

 

2,814

 

3,479

 

2,089

 

3,479

 

1,390

 

67

%

 

1,390

 

67

%

 

665

 

24

%

 

Net flows

 

235

 

156

 

46

 

(2

)

265

 

235

 

265

 

30

 

13

%

 

30

 

13

%

 

267

 

#

 

 

Market appreciation (depreciation)

 

64

 

52

 

59

 

262

 

(71

)

64

 

(71

)

(135

)

#

 

 

(135

)

#

 

 

(333

)

#

 

 

Foreign currency translation (1)

 

10

 

51

 

52

 

(108

)

(3

)

10

 

(3

)

(13

)

#

 

 

(13

)

#

 

 

105

 

97

%

 

Other

 

 

 

 

513

 

10

 

 

10

 

10

 

 

 

10

 

 

 

(503

)

(98

)%

 

Total ending assets

 

2,398

 

2,657

 

2,814

 

3,479

 

3,680

 

2,398

 

3,680

 

1,282

 

53

%

 

1,282

 

53

%

 

201

 

6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Threadneedle managed assets

 

$

142,099

 

$

138,398

 

$

139,804

 

$

134,358

 

$

124,267

 

$

142,099

 

$

124,267

 

$

(17,832

)

(13

)%

 

$

(17,832

)

(13

)%

 

$

(10,091

)

(8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Net Flows - Threadneedle

 

$

(2,370

)

$

(10,817

)

$

(3,169

)

$

(4,729

)

$

(2,548

)

$

(2,370

)

$

(2,548

)

$

(178

)

(8

)%

 

$

(178

)

(8

)%

 

$

2,181

 

46

%

 

 


(1) Amounts represent British Pound to US dollar conversion.

 

# Variance of 100% or greater.

 

16



 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

Annuities Segment

 

17



 

Ameriprise Financial, Inc.

Annuities Segment

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

115

 

$

127

 

$

130

 

$

138

 

$

126

 

$

115

 

$

126

 

$

11

 

10

%

 

$

11

 

10

%

 

$

(12

)

(9

)%

 

Distribution fees

 

61

 

66

 

70

 

70

 

70

 

61

 

70

 

9

 

15

%

 

9

 

15

%

 

 

 

 

Net investment income

 

311

 

280

 

370

 

333

 

323

 

311

 

323

 

12

 

4

%

 

12

 

4

%

 

(10

)

(3

)%

 

Premiums

 

22

 

24

 

24

 

25

 

18

 

22

 

18

 

(4

)

(18

)%

 

(4

)

(18

)%

 

(7

)

(28

)%

 

Other revenues

 

17

 

23

 

25

 

73

 

27

 

17

 

27

 

10

 

59

%

 

10

 

59

%

 

(46

)

(63

)%

 

Total revenues

 

526

 

520

 

619

 

639

 

564

 

526

 

564

 

38

 

7

%

 

38

 

7

%

 

(75

)

(12

)%

 

Banking and deposit interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

526

 

520

 

619

 

639

 

564

 

526

 

564

 

38

 

7

%

 

38

 

7

%

 

(75

)

(12

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

45

 

51

 

50

 

48

 

45

 

45

 

45

 

 

 

 

 

 

 

(3

)

(6

)%

 

Interest credited to fixed accounts

 

183

 

189

 

177

 

160

 

143

 

183

 

143

 

(40

)

(22

)%

 

(40

)

(22

)%

 

(17

)

(11

)%

 

Benefits, claims, losses and settlement expenses

 

33

 

53

 

192

 

146

 

181

 

33

 

181

 

148

 

#

 

 

148

 

#

 

 

35

 

24

%

 

Amortization of deferred acquisition costs

 

89

 

76

 

53

 

100

 

94

 

89

 

94

 

5

 

6

%

 

5

 

6

%

 

(6

)

(6

)%

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

58

 

65

 

56

 

57

 

59

 

58

 

59

 

1

 

2

%

 

1

 

2

%

 

2

 

4

%

 

Total expenses

 

408

 

434

 

528

 

511

 

522

 

408

 

522

 

114

 

28

%

 

114

 

28

%

 

11

 

2

%

 

Pretax income

 

$

118

 

$

86

 

$

91

 

$

128

 

$

42

 

$

118

 

$

42

 

$

(76

)

(64

)%

 

$

(76

)

(64

)%

 

$

(86

)

(67

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Operating Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

118

 

$

86

 

$

91

 

$

128

 

$

42

 

$

118

 

$

42

 

$

(76

)

(64

)%

 

$

(76

)

(64

)%

 

$

(86

)

(67

)%

 

Realized (gains) losses

 

(6

)

 

(12

)

(15

)

20

 

(6

)

20

 

26

 

#

 

 

26

 

#

 

 

35

 

#

 

 

Hedge investment (gains) losses (1)

 

4

 

24

 

(57

)

(66

)

(103

)

4

 

(103

)

(107

)

#

 

 

(107

)

#

 

 

(37

)

(56

)%

 

Mark-to-market for liability derivatives (1)

 

(28

)

(25

)

128

 

67

 

118

 

(28

)

118

 

146

 

#

 

 

146

 

#

 

 

51

 

76

%

 

Total pretax operating earnings

 

$

88

 

$

85

 

$

150

 

$

114

 

$

77

 

$

88

 

$

77

 

$

(11

)

(13

)%

 

$

(11

)

(13

)%

 

$

(37

)

(32

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income margin

 

22.4

%

16.5

%

14.7

%

20.0

%

7.4

%

22.4

%

7.4

%

(15.0

)%

 

 

 

(15.0

)%

 

 

 

(12.6

)%

 

 

 

Pretax operating earnings margin

 

16.7

%

16.3

%

24.2

%

17.8

%

13.7

%

16.7

%

13.7

%

(3.0

)%

 

 

 

(3.0

)%

 

 

 

(4.1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

308

 

$

290

 

$

279

 

$

267

 

$

253

 

$

308

 

$

253

 

$

(55

)

(18

)%

 

$

(55

)

(18

)%

 

$

(14

)

(5

)%

 

Realized gains (losses)

 

6

 

 

12

 

15

 

(20

)

6

 

(20

)

(26

)

#

 

 

(26

)

#

 

 

(35

)

#

 

 

Hedges related to interest credited

 

(1

)

9

 

2

 

(7

)

(17

)

(1

)

(17

)

(16

)

#

 

 

(16

)

#

 

 

(10

)

#

 

 

Hedges related to variable annuities benefits

 

(4

)

(24

)

57

 

66

 

103

 

(4

)

103

 

107

 

#

 

 

107

 

#

 

 

37

 

56

%

 

Other (including seed money)

 

2

 

5

 

20

 

(8

)

4

 

2

 

4

 

2

 

#

 

 

2

 

#

 

 

12

 

#

 

 

Total net investment income

 

$

311

 

$

280

 

$

370

 

$

333

 

$

323

 

$

311

 

$

323

 

$

12

 

4

%

 

$

12

 

4

%

 

$

(10

)

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

2,292

 

$

2,151

 

$

2,128

 

$

2,100

 

$

2,005

 

$

2,292

 

$

2,005

 

$

(287

)

(13

)%

 

$

(287

)

(13

)%

 

$

(95

)

(5

)%

 

Pretax return on allocated equity

 

18.2

%

18.8

%

19.2

%

19.1

%

16.3

%

18.2

%

16.3

%

(1.9

)%

 

 

 

(1.9

)%

 

 

 

(2.8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total annuity net flows

 

$

483

 

$

609

 

$

465

 

$

403

 

$

304

 

$

483

 

$

304

 

$

(179

)

(37

)%

 

$

(179

)

(37

)%

 

$

(99

)

(25

)%

 

 


(1) Guaranteed Minimum Withdrawal Benefit (GMWB) and Guaranteed Minimum Accumulation Benefit (GMAB) only.

 

#  Variance of 100% or greater.

 

18



 

Ameriprise Financial, Inc.

Annuities Segment

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Product Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable Annuities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

57

 

$

41

 

$

35

 

$

52

 

$

20

 

$

57

 

$

20

 

$

(37

)

(65

)%

 

$

(37

)

(65

)%

 

$

(32

)

(62

)%

 

Allocated equity

 

$

944

 

$

905

 

$

919

 

$

919

 

$

914

 

$

944

 

$

914

 

$

(30

)

(3

)%

 

$

(30

)

(3

)%

 

$

(5

)

(1

)%

 

Pretax return on allocated equity

 

19.2

%

20.6

%

20.8

%

19.6

%

16.1

%

19.2

%

16.1

%

(3.1

)%

 

 

 

(3.1

)%

 

 

 

(3.5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Annuities(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

61

 

$

45

 

$

56

 

$

76

 

$

22

 

$

61

 

$

22

 

$

(39

)

(64

)%

 

$

(39

)

(64

)%

 

$

(54

)

(71

)%

 

Allocated equity

 

$

1,348

 

$

1,246

 

$

1,209

 

$

1,181

 

$

1,091

 

$

1,348

 

$

1,091

 

$

(257

)

(19

)%

 

$

(257

)

(19

)%

 

$

(90

)

(8

)%

 

Pretax return on allocated equity

 

17.4

%

17.4

%

18.1

%

18.6

%

16.4

%

17.4

%

16.4

%

(1.0

)%

 

 

 

(1.0

)%

 

 

 

(2.2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable Annuities Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

49,489

 

$

51,475

 

$

55,092

 

$

57,127

 

$

57,182

 

$

49,489

 

$

57,182

 

$

7,693

 

16

%

 

$

7,693

 

16

%

 

$

55

 

 

 

Deposits

 

2,706

 

2,982

 

2,649

 

2,474

 

2,129

 

2,706

 

2,129

 

(577

)

(21

)%

 

(577

)

(21

)%

 

(345

)

(14

)%

 

Withdrawals and terminations

 

(1,494

)

(1,634

)

(1,458

)

(1,368

)

(1,278

)

(1,494

)

(1,278

)

216

 

14

%

 

216

 

14

%

 

90

 

7

%

 

Net flows

 

1,212

 

1,348

 

1,191

 

1,106

 

851

 

1,212

 

851

 

(361

)

(30

)%

 

(361

)

(30

)%

 

(255

)

(23

)%

 

Investment performance and interest credited

 

770

 

2,265

 

847

 

(1,043

)

(3,577

)

770

 

(3,577

)

(4,347

)

#

 

 

(4,347

)

#

 

 

(2,534

)

#

 

 

Other

 

4

 

4

 

(3

)

(8

)

(12

)

4

 

(12

)

(16

)

#

 

 

(16

)

#

 

 

(4

)

(50

)%

 

Total ending balance - contract accumulation values

 

$

51,475

 

$

55,092

 

$

57,127

 

$

57,182

 

$

54,444

 

$

51,475

 

$

54,444

 

$

2,969

 

6

%

 

$

2,969

 

6

%

 

$

(2,738

)

(5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable annuities fixed sub-accounts

 

$

5,674

 

$

5,416

 

$

5,542

 

$

5,419

 

$

5,389

 

$

5,674

 

$

5,389

 

$

(285

)

(5

)%

 

$

(285

)

(5

)%

 

$

(30

)

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Annuities Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

14,884

 

$

14,285

 

$

13,652

 

$

13,046

 

$

12,463

 

$

14,884

 

$

12,463

 

$

(2,421

)

(16

)%

 

$

(2,421

)

(16

)%

 

$

(583

)

(4

)%

 

Deposits

 

83

 

77

 

81

 

76

 

79

 

83

 

79

 

(4

)

(5

)%

 

(4

)

(5

)%

 

3

 

4

%

 

Withdrawals and terminations

 

(812

)

(816

)

(807

)

(779

)

(626

)

(812

)

(626

)

186

 

23

%

 

186

 

23

%

 

153

 

20

%

 

Net flows

 

(729

)

(739

)

(726

)

(703

)

(547

)

(729

)

(547

)

182

 

25

%

 

182

 

25

%

 

156

 

22

%

 

Policyholder interest credited

 

128

 

143

 

120

 

108

 

92

 

128

 

92

 

(36

)

(28

)%

 

(36

)

(28

)%

 

(16

)

(15

)%

 

Other

 

2

 

(37

)

 

12

 

12

 

2

 

12

 

10

 

#

 

 

10

 

#

 

 

 

 

 

Total ending balance - contract accumulation values

 

$

14,285

 

$

13,652

 

$

13,046

 

$

12,463

 

$

12,020

 

$

14,285

 

$

12,020

 

$

(2,265

)

(16

)%

 

$

(2,265

)

(16

)%

 

$

(443

)

(4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized Interest

 

$

2

 

$

2

 

$

2

 

$

1

 

$

2

 

$

2

 

$

2

 

$

 

 

 

$

 

 

 

$

1

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payout Annuities Reserve Balance

 

$

2,260

 

$

2,249

 

$

2,238

 

$

2,226

 

$

2,199

 

$

2,260

 

$

2,199

 

$

(61

)

(3

)%

 

$

(61

)

(3

)%

 

$

(27

)

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Equivalent Spread - Fixed Annuities (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross rate of return on invested assets

 

5.7

%

5.6

%

5.6

%

5.6

%

5.4

%

5.7

%

5.4

%

(0.3

)%

 

 

 

(0.3

)%

 

 

 

(0.2

)%

 

 

 

Crediting rate

 

(3.7

)%

(3.7

)%

(3.7

)%

(3.7

)%

(3.7

)%

(3.7

)%

(3.7

)%

 

 

 

 

 

 

 

 

 

 

 

 

Tax equivalent margin spread

 

2.0

%

1.9

%

1.9

%

1.9

%

1.7

%

2.0

%

1.7

%

(0.3

)%

 

 

 

(0.3

)%

 

 

 

(0.2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Variable Annuities DAC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

2,004

 

$

1,898

 

$

1,988

 

$

2,067

 

$

2,086

 

$

2,004

 

$

2,086

 

$

82

 

4

%

 

$

82

 

4

%

 

$

19

 

1

%

 

Capitalization

 

121

 

124

 

113

 

111

 

103

 

121

 

103

 

(18

)

(15

)%

 

(18

)

(15

)%

 

(8

)

(7

)%

 

Amortization per income statement

 

(68

)

(56

)

(20

)

(80

)

(79

)

(68

)

(79

)

(11

)

(16

)%

 

(11

)

(16

)%

 

1

 

1

%

 

Cumulative effect of accounting change (3)

 

(146

)

 

 

 

36

 

(146

)

36

 

182

 

#

 

 

182

 

#

 

 

36

 

 

 

Other (FAS 115)

 

(13

)

22

 

(14

)

(12

)

(1

)

(13

)

(1

)

12

 

92

%

 

12

 

92

%

 

11

 

92

%

 

Total ending balance

 

$

1,898

 

$

1,988

 

$

2,067

 

$

2,086

 

$

2,145

 

$

1,898

 

$

2,145

 

$

247

 

13

%

 

$

247

 

13

%

 

$

59

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Annuities DAC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

343

 

$

315

 

$

309

 

$

272

 

$

250

 

$

343

 

$

250

 

$

(93

)

(27

)%

 

$

(93

)

(27

)%

 

$

(22

)

(8

)%

 

Capitalization

 

2

 

1

 

2

 

2

 

2

 

2

 

2

 

 

 

 

 

 

 

 

 

 

Amortization per income statement

 

(21

)

(20

)

(33

)

(20

)

(15

)

(21

)

(15

)

6

 

29

%

 

6

 

29

%

 

5

 

25

%

 

Cumulative effect of accounting change (3)

(7

)

 

 

 

 

(7

)

 

7

 

#

 

 

7

 

#

 

 

 

 

 

Other (FAS 115)

 

(2

)

13

 

(6

)

(4

)

1

 

(2

)

1

 

3

 

#

 

 

3

 

#

 

 

5

 

#

 

 

Total ending balance

 

$

315

 

$

309

 

$

272

 

$

250

 

$

238

 

$

315

 

$

238

 

$

(77

)

(24

)%

 

$

(77

)

(24

)%

 

$

(12

)

(5

)%

 

 


(1) Includes payout annuities.

 

(2) Attributable to interest sensitive products only, which have been 97% of the total ending fixed annuities accumulation values in the periods reported. The asset earnings rate is a calculated theoretical yield obtained from the assignment of investment income using the investment year method of allocation.

 

(3) Reflects adoption of SOP 05-1 in Q1 2007 and FAS 157 in Q1 2008.

 

#  Variance of 100% or greater.

 

19



 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

Protection Segment

 

20



 

Ameriprise Financial, Inc.

Protection Segment

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

16

 

$

17

 

$

17

 

$

18

 

$

15

 

$

16

 

$

15

 

$

(1

)

(6

)%

 

$

(1

)

(6

)%

 

$

(3

)

(17

)%

 

Distribution fees

 

25

 

26

 

25

 

26

 

27

 

25

 

27

 

2

 

8

%

 

2

 

8

%

 

1

 

4

%

 

Net investment income

 

89

 

87

 

93

 

92

 

83

 

89

 

83

 

(6

)

(7

)%

 

(6

)

(7

)%

 

(9

)

(10

)%

 

Premiums

 

243

 

251

 

253

 

255

 

254

 

243

 

254

 

11

 

5

%

 

11

 

5

%

 

(1

)

 

 

Other revenues

 

108

 

105

 

107

 

133

 

113

 

108

 

113

 

5

 

5

%

 

5

 

5

%

 

(20

)

(15

)%

 

Total revenues

 

481

 

486

 

495

 

524

 

492

 

481

 

492

 

11

 

2

%

 

11

 

2

%

 

(32

)

(6

)%

 

Banking and deposit interest expense

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

481

 

485

 

495

 

524

 

492

 

481

 

492

 

11

 

2

%

 

11

 

2

%

 

(32

)

(6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

14

 

18

 

17

 

13

 

14

 

14

 

14

 

 

 

 

 

 

 

1

 

8

%

 

Interest credited to fixed accounts

 

34

 

35

 

37

 

35

 

35

 

34

 

35

 

1

 

3

%

 

1

 

3

%

 

 

 

 

Benefits, claims, losses and settlement expenses

 

218

 

211

 

225

 

196

 

226

 

218

 

226

 

8

 

4

%

 

8

 

4

%

 

30

 

15

%

 

Amortization of deferred acquisition costs

 

35

 

40

 

68

 

57

 

52

 

35

 

52

 

17

 

49

%

 

17

 

49

%

 

(5

)

(9

)%

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

60

 

63

 

55

 

69

 

63

 

60

 

63

 

3

 

5

%

 

3

 

5

%

 

(6

)

(9

)%

 

Total expenses

 

361

 

367

 

402

 

370

 

390

 

361

 

390

 

29

 

8

%

 

29

 

8

%

 

20

 

5

%

 

Pretax income

 

$

120

 

$

118

 

$

93

 

$

154

 

$

102

 

$

120

 

$

102

 

$

(18

)

(15

)%

 

$

(18

)

(15

)%

 

$

(52

)

(34

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Operating Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

120

 

$

118

 

$

93

 

$

154

 

$

102

 

$

120

 

$

102

 

$

(18

)

(15

)%

 

$

(18

)

(15

)%

 

$

(52

)

(34

)%

 

Realized (gains) losses

 

(1

)

 

(3

)

(3

)

3

 

(1

)

3

 

4

 

#

 

 

4

 

#

 

 

6

 

#

 

 

Total pretax operating earnings

 

$

119

 

$

118

 

$

90

 

$

151

 

$

105

 

$

119

 

$

105

 

$

(14

)

(12

)%

 

$

(14

)

(12

)%

 

$

(46

)

(30

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income margin

 

24.9

%

24.3

%

18.8

%

29.4

%

20.7

%

24.9

%

20.7

%

(4.2

)%

 

 

 

(4.2

)%

 

 

 

(8.7

)%

 

 

 

Pretax operating earnings margin

 

24.7

%

24.3

%

18.2

%

28.8

%

21.3

%

24.7

%

21.3

%

(3.4

)%

 

 

 

(3.4

)%

 

 

 

(7.5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

81

 

$

81

 

$

81

 

$

82

 

$

79

 

$

81

 

$

79

 

$

(2

)

(2

)%

 

$

(2

)

(2

)%

 

$

(3

)

(4

)%

 

Realized gains (losses)

 

1

 

 

3

 

3

 

(3

)

1

 

(3

)

(4

)

#

 

 

(4

)

#

 

 

(6

)

#

 

 

Other (including seed money)

 

7

 

6

 

9

 

7

 

7

 

7

 

7

 

 

 

 

 

 

 

 

 

 

Total net investment income

 

$

89

 

$

87

 

$

93

 

$

92

 

$

83

 

$

89

 

$

83

 

$

(6

)

(7

)%

 

$

(6

)

(7

)%

 

$

(9

)

(10

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

2,174

 

$

2,145

 

$

2,308

 

$

2,318

 

$

2,358

 

$

2,174

 

$

2,358

 

$

184

 

8

%

 

$

184

 

8

%

 

$

40

 

2

%

 

Pretax return on allocated equity

 

22.1

%

23.1

%

20.2

%

21.8

%

20.7

%

22.1

%

20.7

%

(1.4

)%

 

 

 

(1.4

)%

 

 

 

(1.1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long Term Care

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

7

 

$

7

 

$

3

 

$

2

 

$

 

$

7

 

$

 

$

(7

)

#

 

 

$

(7

)

#

 

 

$

(2

)

#

 

 

Allocated equity

 

$

564

 

$

542

 

$

552

 

$

550

 

$

593

 

$

564

 

$

593

 

$

29

 

5

%

 

$

29

 

5

%

 

$

43

 

8

%

 

Pretax return on allocated equity

 

6.2

%

6.0

%

3.3

%

3.4

%

2.1

%

6.2

%

2.1

%

(4.1

)%

 

 

 

(4.1

)%

 

 

 

(1.3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Protection excluding Long Term Care

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

113

 

$

111

 

$

90

 

$

152

 

$

102

 

$

113

 

$

102

 

$

(11

)

(10

)%

 

$

(11

)

(10

)%

 

$

(50

)

(33

)%

 

Allocated equity

 

$

1,610

 

$

1,603

 

$

1,756

 

$

1,768

 

$

1,765

 

$

1,610

 

$

1,765

 

$

155

 

10

%

 

$

155

 

10

%

 

$

(3

)

 

 

Pretax return on allocated equity

 

27.5

%

29.0

%

25.9

%

27.9

%

26.8

%

27.5

%

26.8

%

(0.7

)%

 

 

 

(0.7

)%

 

 

 

(1.1

)%

 

 

 

 


# Variance of 100% or greater.

 

21



 

Ameriprise Financial, Inc.

Protection Segment

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Cash Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VUL / UL (1)

 

$

84

 

$

88

 

$

88

 

$

82

 

$

64

 

$

84

 

$

64

 

$

(20

)

(24

)%

 

$

(20

)

(24

)%

 

$

(18

)

(22

)%

 

Term and whole life

 

5

 

5

 

5

 

5

 

4

 

5

 

4

 

(1

)

(20

)%

 

(1

)

(20

)%

 

(1

)

(20

)%

 

Disability insurance

 

5

 

5

 

4

 

4

 

4

 

5

 

4

 

(1

)

(20

)%

 

(1

)

(20

)%

 

 

 

 

Auto and Home

 

149

 

147

 

157

 

145

 

156

 

149

 

156

 

7

 

5

%

 

7

 

5

%

 

11

 

8

%

 

Total cash sales

 

$

243

 

$

245

 

$

254

 

$

236

 

$

228

 

$

243

 

$

228

 

$

(15

)

(6

)%

 

$

(15

)

(6

)%

 

$

(8

)

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VUL / UL Policyholder Account Balances

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

9,329

 

$

9,473

 

$

9,858

 

$

9,976

 

$

9,836

 

$

9,329

 

$

9,836

 

$

507

 

5

%

 

$

507

 

5

%

 

$

(140

)

(1

)%

 

Premiums and deposits

 

275

 

283

 

277

 

280

 

266

 

275

 

266

 

(9

)

(3

)%

 

(9

)

(3

)%

 

(14

)

(5

)%

 

Investment performance and interest

 

131

 

372

 

115

 

(156

)

(493

)

131

 

(493

)

(624

)

#

 

 

(624

)

#

 

 

(337

)

#

 

 

Withdrawals and surrenders

 

(276

)

(285

)

(287

)

(275

)

(267

)

(276

)

(267

)

9

 

3

%

 

9

 

3

%

 

8

 

3

%

 

Other

 

14

 

15

 

13

 

11

 

(6

)

14

 

(6

)

(20

)

#

 

 

(20

)

#

 

 

(17

)

#

 

 

Total ending balance

 

$

9,473

 

$

9,858

 

$

9,976

 

$

9,836

 

$

9,336

 

$

9,473

 

$

9,336

 

$

(137

)

(1

)%

 

$

(137

)

(1

)%

 

$

(500

)

(5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Premiums by Product

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term and whole life

 

$

18

 

$

21

 

$

21

 

$

19

 

$

21

 

$

18

 

$

21

 

$

3

 

17

%

 

$

3

 

17

%

 

$

2

 

11

%

 

Disability insurance

 

41

 

42

 

42

 

42

 

43

 

41

 

43

 

2

 

5

%

 

2

 

5

%

 

1

 

2

%

 

Long term care

 

35

 

35

 

36

 

38

 

35

 

35

 

35

 

 

 

 

 

 

 

(3

)

(8

)%

 

Auto and Home

 

141

 

144

 

146

 

147

 

148

 

141

 

148

 

7

 

5

%

 

7

 

5

%

 

1

 

1

%

 

Intercompany premiums

 

8

 

9

 

8

 

9

 

7

 

8

 

7

 

(1

)

(13

)%

 

(1

)

(13

)%

 

(2

)

(22

)%

 

Total premiums by product

 

$

243

 

$

251

 

$

253

 

$

255

 

$

254

 

$

243

 

$

254

 

$

11

 

5

%

 

$

11

 

5

%

 

$

(1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto and Home Insurance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Policy Count (thousands)

 

496

 

505

 

512

 

517

 

524

 

496

 

524

 

28

 

6

%

 

28

 

6

%

 

7

 

1

%

 

Loss ratio

 

71.0

%

78.8

%

78.1

%

69.3

%

79.8

%

71.0

%

79.8

%

8.8

%

 

 

 

8.8

%

 

 

 

10.5

%

 

 

 

Expense ratio

 

18.2

%

17.1

%

18.0

%

15.5

%

16.8

%

18.2

%

16.8

%

(1.4

)%

 

 

 

(1.4

)%

 

 

 

1.3

%

 

 

 

Combined ratio

 

89.2

%

95.9

%

96.1

%

84.8

%

96.6

%

89.2

%

96.6

%

7.4

%

 

 

 

7.4

%

 

 

 

11.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DAC Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life and Health

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

2,064

 

$

2,042

 

$

2,085

 

$

2,086

 

$

2,093

 

$

2,064

 

$

2,093

 

$

29

 

1

%

 

$

29

 

1

%

 

$

7

 

 

 

Capitalization

 

57

 

60

 

54

 

57

 

46

 

57

 

46

 

(11

)

(19

)%

 

(11

)

(19

)%

 

(11

)

(19

)%

 

Amortization per income statement

 

(24

)

(28

)

(54

)

(46

)

(40

)

(24

)

(40

)

(16

)

(67

)%

 

(16

)

(67

)%

 

6

 

13

%

 

SOP 05-1 (Cumulative pretax impact)

 

(51

)

 

 

 

 

(51

)

 

51

 

#

 

 

51

 

#

 

 

 

 

 

Other (FAS 115)

 

(4

)

11

 

1

 

(4

)

(2

)

(4

)

(2

)

2

 

50

%

 

2

 

50

%

 

2

 

50

%

 

Total ending balance

 

$

2,042

 

$

2,085

 

$

2,086

 

$

2,093

 

$

2,097

 

$

2,042

 

$

2,097

 

$

55

 

3

%

 

$

55

 

3

%

 

$

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life Insurance in-Force

 

$

177,374

 

$

181,080

 

$

184,304

 

$

187,095

 

$

188,643

 

$

177,374

 

$

188,643

 

$

11,269

 

6

%

 

$

11,269

 

6

%

 

$

1,548

 

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Amount at Risk

 

$

60,967

 

$

60,185

 

$

59,516

 

$

59,100

 

$

58,395

 

$

60,967

 

$

58,395

 

$

(2,572

)

(4

)%

 

$

(2,572

)

(4

)%

 

$

(705

)

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Policyholder Reserves

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VUL / UL

 

$

8,388

 

$

8,783

 

$

8,915

 

$

8,780

 

$

8,293

 

$

8,388

 

$

8,293

 

$

(95

)

(1

)%

 

$

(95

)

(1

)%

 

$

(487

)

(6

)%

 

Term and whole life

 

234

 

234

 

233

 

233

 

233

 

234

 

233

 

(1

)

 

 

(1

)

 

 

 

 

 

Disability insurance

 

408

 

414

 

419

 

426

 

431

 

408

 

431

 

23

 

6

%

 

23

 

6

%

 

5

 

1

%

 

Long term care and other

 

2,257

 

2,275

 

2,300

 

2,320

 

2,339

 

2,257

 

2,339

 

82

 

4

%

 

82

 

4

%

 

19

 

1

%

 

Auto and Home loss and LAE reserves

 

352

 

360

 

361

 

339

 

333

 

352

 

333

 

(19

)

(5

)%

 

(19

)

(5

)%

 

(6

)

(2

)%

 

Total net policyholder reserves

 

$

11,639

 

$

12,066

 

$

12,228

 

$

12,098

 

$

11,629

 

$

11,639

 

$

11,629

 

$

(10

)

 

 

$

(10

)

 

 

$

(469

)

(4

)%

 

 


(1) Includes lump sum deposits.

 

#  Variance of 100% or greater.

 

22



 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

Corporate & Other Segment

 

23



 

Ameriprise Financial, Inc.

Corporate & Other Segment

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

 

$

 

$

1

 

$

 

$

 

$

 

$

 

$

 

 

 

$

 

 

 

$

 

 

 

Distribution fees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

 

9

 

2

 

(3

)

14

 

8

 

9

 

8

 

(1

)

(11

)%

 

(1

)

(11

)%

 

(6

)

(43

)%

 

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

7

 

(1

)

(2

)

3

 

2

 

7

 

2

 

(5

)

(71

)%

 

(5

)

(71

)%

 

(1

)

(33

)%

 

Total revenues

 

16

 

1

 

(4

)

17

 

10

 

16

 

10

 

(6

)

(38

)%

 

(6

)

(38

)%

 

(7

)

(41

)%

 

Banking and deposit interest expense

 

2

 

1

 

2

 

1

 

1

 

2

 

1

 

(1

)

(50

)%

 

(1

)

(50

)%

 

 

 

 

Total net revenues

 

14

 

 

(6

)

16

 

9

 

14

 

9

 

(5

)

(36

)%

 

(5

)

(36

)%

 

(7

)

(44

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

29

 

29

 

27

 

27

 

26

 

29

 

26

 

(3

)

(10

)%

 

(3

)

(10

)%

 

(1

)

(4

)%

 

General and administrative expense

 

24

 

48

 

40

 

47

 

14

 

24

 

14

 

(10

)

(42

)%

 

(10

)

(42

)%

 

(33

)

(70

)%

 

Total expenses before separation costs (1)

 

53

 

78

 

67

 

74

 

40

 

53

 

40

 

(13

)

(25

)%

 

(13

)

(25

)%

 

(34

)

(46

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Separation costs

 

85

 

63

 

60

 

28

 

 

85

 

 

(85

)

#

 

 

(85

)

#

 

 

(28

)

#

 

 

Total expenses

 

138

 

141

 

127

 

102

 

40

 

138

 

40

 

(98

)

(71

)%

 

(98

)

(71

)%

 

(62

)

(61

)%

 

Pretax loss

 

$

(124

)

$

(141

)

$

(133

)

$

(86

)

$

(31

)

$

(124

)

$

(31

)

$

93

 

75

%

 

$

93

 

75

%

 

$

55

 

64

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

1,586

 

$

1,842

 

$

1,767

 

$

1,751

 

$

1,730

 

$

1,586

 

$

1,730

 

$

144

 

9

%

 

$

144

 

9

%

 

$

(21

)

(1

)%

 

 


(1) See non-GAAP Financial Information.

 

#  Variance of 100% or greater.

 

24



 

Ameriprise Financial, Inc.

Eliminations (1)

First Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

(12

)

$

(13

)

$

(14

)

$

(14

)

$

(13

)

$

(12

)

$

(13

)

$

(1

)

(8

)%

 

$

(1

)

(8

)%

 

$

1

 

7

%

 

Distribution fees

 

(290

)

(302

)

(279

)

(276

)

(251

)

(290

)

(251

)

39

 

13

%

 

39

 

13

%

 

25

 

9

%

 

Net investment income

 

(2

)

(2

)

(1

)

(3

)

(2

)

(2

)

(2

)

 

 

 

 

 

 

1

 

33

%

 

Premiums

 

(8

)

(9

)

(8

)

(9

)

(7

)

(8

)

(7

)

1

 

13

%

 

1

 

13

%

 

2

 

22

%

 

Other revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

(312

)

(326

)

(302

)

(302

)

(273

)

(312

)

(273

)

39

 

13

%

 

39

 

13

%

 

29

 

10

%

 

Banking and deposit interest expense

 

(1

)

(3

)

(1

)

(3

)

(3

)

(1

)

(3

)

(2

)

#

 

 

(2

)

#

 

 

 

 

 

Total net revenues

 

(311

)

(323

)

(301

)

(299

)

(270

)

(311

)

(270

)

41

 

13

%

 

41

 

13

%

 

29

 

10

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

(256

)

(268

)

(250

)

(239

)

(221

)

(256

)

(221

)

35

 

14

%

 

35

 

14

%

 

18

 

8

%

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

(55

)

(55

)

(51

)

(60

)

(49

)

(55

)

(49

)

6

 

11

%

 

6

 

11

%

 

11

 

18

%

 

Total expenses

 

(311

)

(323

)

(301

)

(299

)

(270

)

(311

)

(270

)

41

 

13

%

 

41

 

13

%

 

29

 

10

%

 

Pretax income

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

 

 

$

 

 

 

$

 

 

 

 


(1) The majority of the amounts represent the impact of inter-segment transfer pricing for both revenues and expenses.

 

#  Variance of 100% or greater.

 

25



 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

Balance Sheet and Ratings Information

 

26



 

Ameriprise Financial, Inc.

Consolidated Balance Sheets

 

(in millions, unaudited)

 

March 31, 2007

 

June 30, 2007

 

September 30, 2007

 

December 31, 2007

 

March 31, 2008

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

2,444

 

$

3,333

 

$

4,002

 

$

3,836

 

$

3,904

 

Investments

 

34,411

 

31,669

 

31,126

 

30,625

 

29,808

 

Separate account assets

 

56,281

 

60,470

 

62,371

 

61,974

 

58,442

 

Receivables

 

3,264

 

3,559

 

3,323

 

3,441

 

3,441

 

Deferred acquisition costs

 

4,337

 

4,462

 

4,502

 

4,503

 

4,549

 

Restricted and segregated cash

 

1,193

 

1,296

 

1,225

 

1,332

 

1,142

 

Other assets

 

3,530

 

3,718

 

3,621

 

3,519

 

3,616

 

Total assets

 

$

105,460

 

$

108,507

 

$

110,170

 

$

109,230

 

$

104,902

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Future policy benefits and claims

 

$

29,149

 

$

28,316

 

$

28,048

 

$

27,446

 

$

27,164

 

Separate account liabilities

 

56,281

 

60,470

 

62,371

 

61,974

 

58,442

 

Customer deposits

 

6,483

 

6,055

 

6,029

 

6,201

 

6,307

 

Debt

 

2,243

 

2,221

 

2,215

 

2,018

 

2,018

 

Accounts payable and accrued expenses

 

993

 

1,114

 

1,077

 

1,187

 

834

 

Other liabilities

 

2,580

 

2,731

 

2,672

 

2,594

 

2,556

 

Total liabilities

 

97,729

 

100,907

 

102,412

 

101,420

 

97,321

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders’ Equity

 

 

 

 

 

 

 

 

 

 

 

Common shares ($.01 par)

 

3

 

3

 

3

 

3

 

3

 

Additional paid-in capital

 

4,468

 

4,533

 

4,593

 

4,630

 

4,637

 

Retained earnings

 

4,268

 

4,428

 

4,591

 

4,811

 

4,938

 

Treasury stock

 

(865

)

(1,009

)

(1,180

)

(1,467

)

(1,710

)

Accumulated other comprehensive income (loss), net of tax

 

(143

)

(355

)

(249

)

(167

)

(287

)

Total shareholders’ equity

 

7,731

 

7,600

 

7,758

 

7,810

 

7,581

 

Total liabilities and shareholders’ equity

 

$

105,460

 

$

108,507

 

$

110,170

 

$

109,230

 

$

104,902

 

 

27



 

Ameriprise Financial, Inc.

Capital and Ratings Information

 

(in millions unless otherwise noted, unaudited)

 

March 31, 2007

 

June 30, 2007

 

September 30, 2007

 

December 31, 2007

 

March 31, 2008

 

Debt Summary

 

 

 

 

 

 

 

 

 

 

 

Senior notes

 

$

1,500

 

$

1,500

 

$

1,500

 

$

1,500

 

$

1,500

 

Junior subordinated notes (2)

 

500

 

500

 

500

 

500

 

500

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-recourse debt

 

 

 

 

 

 

 

 

 

 

 

Debt of CDO

 

225

 

197

 

197

 

 

 

Debt for inverse floaters

 

18

 

24

 

18

 

18

 

18

 

Total non-recourse debt

 

243

 

221

 

215

 

18

 

18

 

Total debt

 

$

2,243

 

$

2,221

 

$

2,215

 

$

2,018

 

$

2,018

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

$

2,243

 

$

2,221

 

$

2,215

 

$

2,018

 

$

2,018

 

Total non-recourse debt

 

(243

)

(221

)

(215

)

(18

)

(18

)

Total debt excluding non-recourse debt (1)

 

2,000

 

2,000

 

2,000

 

2,000

 

2,000

 

Junior subordinated notes 75% equity credit (2)

 

(375

)

(375

)

(375

)

(375

)

(375

)

Total debt excluding non-recourse debt and 75% equity credit (1),(2)

 

$

1,625

 

$

1,625

 

$

1,625

 

$

1,625

 

$

1,625

 

 

 

 

 

 

 

 

 

 

 

 

 

Total shareholders’ equity

 

$

7,731

 

$

7,600

 

$

7,758

 

$

7,810

 

$

7,581

 

Total capital

 

9,974

 

9,821

 

9,973

 

9,828

 

9,599

 

Total capital excluding non-recourse debt (1)

 

$

9,731

 

$

9,600

 

$

9,758

 

$

9,810

 

$

9,581

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

Debt to total capital

 

22.5 %

 

22.6

%

22.2

%

20.5

%

21.0

%

Debt to total capital excluding non-recourse
debt (1)

 

20.6 %

 

20.8

%

20.5

%

20.4

%

20.9

%

Debt to total capital excluding non-recourse debt and 75% equity credit (1)

 

16.7 %

 

16.9

%

16.7

%

16.6

%

17.0

%

 

 

 

 

 

 

 

 

 

 

 

Ratings (as of March 31, 2008)

 

A.M. Best

 

S & P

 

Moody’s

 

Fitch

 

Claims Paying Ratings

 

 

 

 

 

 

 

 

 

RiverSource Life Insurance Company

 

A+

 

AA-

 

Aa3

 

AA-

 

IDS Property Casualty Ins. Company

 

A

 

N/R

 

N/R

 

N/R

 

 

 

 

 

 

 

 

 

 

 

Debt Ratings

 

 

 

 

 

 

 

 

 

Ameriprise Financial, Inc.

 

a-

 

A-

 

A3

 

A-

 

 


(1)           See non-GAAP Financial Information.

 

(2)           The Company’s junior subordinated notes receive an equity credit of at least 75% by the majority of rating agencies.

 

28



 

Ameriprise Financial, Inc.

Investments

 

(in millions unless otherwise noted, unaudited)

 

March 31, 2007

 

June 30, 2007

 

September 30, 2007

 

December 31, 2007

 

March 31, 2008

 

Cash and cash equivalents

 

$

2,444

 

$

3,333

 

$

4,002

 

$

3,836

 

$

3,904

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments - Ending Balances

 

 

 

 

 

 

 

 

 

 

 

Available-for-Sale Securities (“AFS”)

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

16,147

 

14,735

 

14,471

 

13,943

 

13,493

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage backed securities

 

7,444

 

6,494

 

6,267

 

6,282

 

6,155

 

Commercial mortgage backed securities

 

3,322

 

3,151

 

3,075

 

3,043

 

2,944

 

Asset backed securities

 

1,192

 

1,042

 

1,044

 

1,068

 

1,031

 

Total mortgage and other asset backed securities

 

11,958

 

10,687

 

10,386

 

10,393

 

10,130

 

 

 

 

 

 

 

 

 

 

 

 

 

Structured investments

 

47

 

46

 

48

 

46

 

42

 

State and municipal obligations

 

1,085

 

1,069

 

1,054

 

1,035

 

1,004

 

US government and agencies obligations

 

362

 

355

 

360

 

328

 

333

 

Foreign government bonds and obligations

 

135

 

132

 

133

 

112

 

113

 

Common and preferred stocks

 

60

 

58

 

58

 

58

 

51

 

Other AFS

 

7

 

11

 

54

 

16

 

20

 

Total other

 

1,696

 

1,671

 

1,707

 

1,595

 

1,563

 

Total available-for-sale securities

 

29,801

 

27,093

 

26,564

 

25,931

 

25,186

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial mortgage loans

 

3,031

 

3,004

 

3,025

 

3,115

 

3,127

 

Allowance for loan losses

 

(40

)

(40

)

(18

)

(18

)

(18

)

Commercial mortgage loans, net

 

2,991

 

2,964

 

3,007

 

3,097

 

3,109

 

 

 

 

 

 

 

 

 

 

 

 

 

Policy loans

 

664

 

679

 

693

 

706

 

713

 

Trading securities

 

592

 

610

 

551

 

504

 

428

 

Other investments

 

363

 

323

 

311

 

387

 

372

 

Total investments

 

34,411

 

31,669

 

31,126

 

30,625

 

29,808

 

 

 

 

 

 

 

 

 

 

 

 

 

Total cash, cash equivalents and investments

 

$

36,855

 

$

35,002

 

$

35,128

 

$

34,461

 

$

33,712

 

 

 

 

 

 

 

 

 

 

 

 

 

SFAS 115 Mark-to-market AFS

 

$

(203

)

$

(618

)

$

(434

)

$

(316

)

$

(500

)

 

 

 

 

 

 

 

 

 

 

 

 

AFS Fixed Maturity Asset Quality - %

 

 

 

 

 

 

 

 

 

 

 

AAA

 

44

%

44

%

43

%

44

%

44

%

AA

 

10

%

10

%

11

%

10

%

10

%

AFS securities AA and above

 

54

%

54

%

54

%

54

%

54

%

A

 

16

%

16

%

16

%

16

%

16

%

BBB

 

24

%

24

%

24

%

24

%

24

%

Below investment grade

 

6

%

6

%

6

%

6

%

6

%

Total AFS fixed maturity asset
quality -%

 

100

%

100

%

100

%

100

%

100

%

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value of Below Investment Grade as a % of Total cash and investments

 

6 %

 

6

%

5

%

6

%

5

%

 

29



 

Ameriprise Financial, Inc.

 

Non-GAAP Financial Information

 

Ameriprise Financial, Inc. (the Company) follows 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.

 

Certain non-GAAP measures in this report exclude items that are a direct result of our separation from American Express Company, consisting of non-recurring separation costs.  These non-GAAP financial measures, which our management views as important indicators of financial performance, include:

 

· Adjusted earnings;

· Separation costs, after-tax;

· Adjusted pretax income;

· Adjusted pretax margin;

· Adjusted earnings margin;

· Adjusted return on equity;

· Adjusted earnings per diluted share;

· Pretax operating earnings;

· Pretax operating earnings margin;

· Total expenses before separation costs for the Corporate & Other segment; and

· Pretax income and separation costs (adjusted pretax income).

 

Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best reflect the underlying performance of the Company’s ongoing operations and facilitates a more meaningful trend analysis.  These non-GAAP measures are also used for goal setting, certain compensation related to the Company’s annual incentive award program and evaluating the Company’s performance on a basis comparable to that used by securities analysts.

 

The Company presents debt to capital ratios excluding non-recourse debt of structured entities consolidated in accordance with
FIN 46(R),  EITF 04-5 and other accounting literature and with a 75% equity credit for the Company’s junior subordinated debt.  Management believes that the debt to capital ratios excluding this non-recourse debt better represent the Company’s capital structure.

 

Reclassification

 

Certain prior period information has been restated to conform to current period presentation.

 

30



 

Ameriprise Financial, Inc.

Glossary of Selected Terminology - Segments

 

Advice & Wealth Management - This segment provides financial advice and full service brokerage and banking services, primarily to retail clients, through our financial advisors. Our advisors distribute a diversified selection of both proprietary and non-proprietary products to help clients meet their financial needs. A significant portion of revenues in this segment are fee-based, driven by the level of client assets, which is impacted by both market movements and net asset flows. We also earn net investment income on owned assets from primarily certificate and banking products. This segment earns revenues (Distribution fees) for distributing non-proprietary products and earns intersegment revenues (Distribution fees) for distributing our proprietary products and services to our retail clients. Intersegment expenses for this segment include expenses for investment management services provided by our Asset Management segment.

 

Asset Management - This segment provides investment advice and investment products to retail and institutional clients. Threadneedle Investments predominantly provides international investment products and services, and RiverSource Investments predominantly provides domestic products and services. Domestic retail products are primarily distributed through our Advice & Wealth Management segment and also through third-party distribution. International retail products are primarily distributed through third parties. Products accessed by consumers on a retail basis include mutual funds, variable product funds underlying insurance and annuity separate accounts, separately managed accounts and collective funds. Asset Management products are also distributed directly to institutions through an institutional sales force. Institutional asset management products include traditional asset classes separate accounts, collateralized loan obligations, hedge funds and property funds. Revenues in this segment are primarily earned as fees based on managed asset balances which are impacted by both market movements and net asset flows. This segment earns intersegment revenue for investment management services. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management, Annuities and Protection segments.

 

Annuities - This segment provides RiverSource Life variable and fixed annuity products to our retail clients primarily distributed through our Advice & Wealth Managment segment and to the retail clients of unaffiliated distributors through third-party distribution. Revenues for our variable annuity products are primarily earned as fees based on underlying account balances, which are impacted by both market movements and net asset flows. Revenues for our fixed annuity products are primarily earned as net investment income on underlying account balances, with profitability significantly impacted by the spread between net investment income earned and interest credited on the fixed account balances. We also earn net investment income on owned assets supporting annuity benefits reserves and capital supporting the business. Intersegment revenues for this segment reflect fees paid by our Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable annuity contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

 

Protection - This segment offers a variety of protection products to address the identified protection and risk management needs of our retail clients including life, disability income and property-casualty insurance. Life and disability income products are primarily distributed through our Advice & Wealth Management segment. Our property-casualty products are sold direct, primarily through affinity relationships. The primary sources of revenues for this segment are premiums, fees, and charges that we receive to assume insurance-related risk. We earn net investment income on owned assets supporting insurance reserves and capital supporting the business. We also receive fees based on the level of assets supporting variable universal life separate account balances. This segment earns intersegment revenues from fees paid by the Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable universal life contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

 

Corporate & Other - This segment consists of net investment income on corporate level assets, including unallocated equity and other revenues from various investments as well as unallocated corporate expenses. This segment also includes non-recurring costs associated with our separation from American Express, which ended in 2007.

 

31



 

Ameriprise Financial, Inc.

Glossary of Selected Terminology

 

Adjusted Earnings - Adjustment to net income including the after-tax effect on separation costs.

 

Adjusted Earnings Margin - A ratio using as the numerator adjusted earnings and as the denominator total net revenues.

 

Adjusted Pretax Income - Adjustments made to income before tax provision for separation costs.

 

Adjusted Pretax Margin - A ratio using as the numerator pretax income excluding separation costs and as the denominator total net revenues.

 

Adjusted Return on Equity - Adjusted return on equity (“ROE”) is calculated using adjusted earnings in the numerator for the last twelve months and equity excluding the equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter in the denominator.

 

Administered Assets - Administered assets include assets for which we provide administrative services such as client assets invested in other companies’ products that we offer outside of our wrap accounts. These assets include those held in clients’ brokerage accounts. We do not exercise management discretion over these assets and do not earn a management fee. These assets are not reported on our Consolidated Balance Sheets.

 

Alternative Assets - Assets reported by the Company that include Hedge Funds and Collateralized Debt Obligations (“CDO”).

 

Allocated Equity - The internal allocation of consolidated shareholders’ equity, excluding accumulated other comprehensive income (loss), to our operating segments for purposes of measuring segment return on allocated equity.  Allocated equity does not represent insurance company risk-based capital or other regulatory capital requirements applicable to us and certain of our subsidiaries. For the Corporate & Other segment, allocated equity also includes any excess capital.

 

Auto & Home Insurance - Personal auto and home protection products marketed directly to customers through marketing affiliates such as Costco Wholesale Corporation, Delta Loyalty Management Services, Inc. and Ford Motor Credit Company. We sell these products through our auto and home subsidiary, IDS Property Casualty Insurance Company (doing business as Ameriprise Auto & Home Insurance).

 

Book Value per Share - Total shareholders’ equity divided by the number of basic common shares outstanding at period-end.

 

Cash Sales - Cash sales are the dollar value volume indicator that captures gross new cash inflows which generate product revenue streams to our company. This includes primarily “client initiated” activity that results in an incremental increase in assets (owned, managed or administered), or premiums in-force (but doesn’t need to result in time of sale revenue), or activity that doesn’t increase assets or premiums in-force, but generates “fee revenue”.

 

Debt to Total Capital Ratio - A ratio comprised of total debt divided by total capital. We also present debt to capital ratios excluding non-recourse debt of structured entities consolidated in accordance with FIN 46(R),  EITF 04-5 and other accounting literature and with a 75% equity credit for our junior subordinate debt.

 

Deferred Acquisition Costs and Amortization - Deferred acquisition costs (“DAC”) represents the costs of acquiring new protection, annuity and certain mutual fund business, principally direct sales commissions and other distribution and underwriting costs that have been deferred on the sale of annuity, life, disability income and long term care insurance and, to a lesser extent, deferred marketing and promotion expenses on auto and home insurance and deferred distribution costs on certain mutual fund products. These costs are deferred to the extent they are recoverable from future profits.

 

Emerging Issues Task Force (“EITF”) Issue No. 04-5, “Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights” (“EITF 04-5”) - EITF 04-5 provides guidance on whether a partnership should be consolidated by one of its partners. Our adoption of EITF 04-5 effective January 1, 2006 resulted in the consolidation of certain limited partnerships for which we are the general partner. As a result, we consolidate certain property fund limited partnerships managed by Threadneedle Investments and certain hedge funds managed by RiverSource Investments.

 

Financial Planning Penetration - The period-end number of current clients who have received a financial plan, or have entered into an agreement to receive and have paid for a financial plan, divided by the number of active retail client groups, serviced by branded financial advisors.

 

Life Insurance in-Force - The total amount of all life insurance death benefits currently insured by our company.

 

Managed External Client Assets - Managed external client assets include client assets for which we provide investment management services, such as the assets of the RiverSource family of mutual funds, assets of institutional clients and client assets held in wrap accounts (retail accounts for which we receive an advice fee based on assets held in the account).  Managed external client assets also include assets managed by sub-advisors selected by us. Managed external client assets are not reported on our Consolidated Balance Sheets.

 

Managed Owned Assets - Managed owned assets include certain assets on our Consolidated Balance Sheets for which we provide investment management services and recognize management fees, such as the assets of the general account and RiverSource Variable Product funds held in the separate accounts of our life insurance subsidiaries.

 

Net Amount at Risk - Life insurance in-force less policyholder reserves net of re-insurance.

 

Net Flows - Sales less redemptions and miscellaneous flows which may include reinvested dividends.

 

Net Income Margin - A ratio representing net income as a percentage of total net revenues.

 

32



 

Ameriprise Financial, Inc.

Glossary of Selected Terminology

 

Owned Assets - Owned assets include certain assets on our Consolidated Balance Sheets for which we do not provide investment management services and do not recognize management fees, such as investments in non-proprietary funds held in the separate accounts of our life insurance subsidiaries, as well as restricted and segregated cash and receivables.

 

Pretax Income (Loss) - Income (loss) before income tax provision (benefit).

 

Pretax Income Margin - A ratio representing pretax income as a percentage of total net revenues.

 

Pretax Return on Allocated Equity - Calculated using pretax income for the last twelve months and the average allocated equity as of the last day of the trailing four quarters and current quarter end.

 

Securities America - Securities America Financial Corporation (“SAFC”) is a corporation whose sole function is to hold the stock of its operating subsidiaries, Securities America, Inc. (“SAI”) and Securities America Advisors, Inc. (“SAA”). SAI is a registered broker-dealer and an insurance agency. SAA is an SEC registered investment advisor.

 

Separate Accounts - Represent assets and liabilities that are maintained and established primarily for the purpose of funding variable entity and insurance products. The assets of the separate account are only available to fund the liabilities of the variable entity contractholders and others with contracts requiring premiums or other deposits to the separate account. Clients elect to invest premiums in stock, bond and/or money market funds depending on their risk tolerance. All investment performance, net of fees, is passed through to the client.

 

Separation Costs - Separation costs include expenses related to our separation from American Express Company. These costs are primarily associated with establishing the Ameriprise Financial brand, separating and reestablishing our technology platforms and advisor and employee retention programs.  These costs will end in 2007.

 

Separation costs, after-tax - For this non-GAAP presentation of non-recurring separation costs, after-tax is calculated in each quarter using the statutory tax rate of 35%, adjusted for permanent differences, if any.

 

SOP 05-1 (“Statement of Position”), “Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection With Modifications or Exchanges of Insurance Contracts” - SOP 05-1 provides guidance on accounting for DAC associated with any insurance or annuity contract that is significantly modified or internally replaced with another contract.

 

Third Party Distribution - Distribution of RiverSource products, which include a variety of equity and fixed income mutual funds, annuities and insurance products, to retail clients through unaffiliated financial institutions and broker-dealers.  The Third Party channel is separate from the Branded Advisor, Threadneedle, SAFC, and Institutional sales channels.

 

Threadneedle - Threadneedle Asset Management Holdings Limited is a holding for the London-based Threadneedle group of companies, which provide investment management products and services.

 

Total Capital - Total shareholders’ equity plus total debt. Total capital is also presented excluding non-recourse debt.

 

Wrap Accounts - Wrap accounts enable our clients to purchase other securities such as mutual funds in connection with investment advisory fee-based “wrap account” programs or services. We offer clients the opportunity to select products that include proprietary and non-proprietary funds. We currently offer both discretionary and non-discretionary investment advisory wrap accounts. In a discretionary wrap account, an unaffiliated investment advisor or our investment management subsidiary, RiverSource Investments, LLC chooses the underlying investments in the portfolio on behalf of the client. In a non-discretionary wrap account, the client chooses the underlying investments in the portfolio based, to the extent the client elects, in part or whole on the recommendations of their financial advisor. Investors in our wrap accounts generally pay an asset-based fee based on the assets held in their wrap accounts. These investors also pay any related fees or costs included in the underlying securities held in that account, such as underlying mutual fund operating expenses and Rule 12b-1 fees.

 

33



 

Exhibit A

 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

RiverSource® Mutual Fund Performance and

Lipper Ranking

 



 

Ameriprise Financial, Inc.

 

Equity Fund Performance & Lipper Ranking

As of March 31, 2008

Source of Data:  Lipper

 

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rankings and Annualized Returns at NAV (1)

 

Annualized Returns @ POP (1)

 

 

 

Total Net

 

Total Net

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund

 

Since

 

 

 

 

 

Max. Front

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

Assets

 

Expense

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Inception

 

Ranking Since

 

Sales

 

 

 

 

 

 

 

 

 

Since 

 

Class A Shares by Lipper Category

 

(Mil $ )

 

Date

 

Ratio

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Date

 

Return

 

Date

 

Ranking

 

Charge

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emerging Market Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Emerging Markets Fund

 

650.00

 

3/31/2008

 

1.83

 

19.63

 

40

%

29.56

 

32

%

33.07

 

65

%

11.34

 

54

%

11/13/1996

 

10.99

 

11/14/1996

 

50

%

5.75

 

12.76

 

27.02

 

31.50

 

10.68

 

10.41

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

105 / 268

 

 

 

61 / 195

 

 

 

110 / 169

 

 

 

52 / 96

 

 

 

 

 

 

 

33 / 66

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Income Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Diversified Equity Income Fund

 

6,967.00

 

3/31/2008

 

1.00

 

-4.53

 

40

%

9.52

 

14

%

18.53

 

3

%

7.05

 

12

%

10/15/1990

 

11.97

 

10/18/1990

 

27

%

5.75

 

-10.02

 

7.37

 

17.13

 

6.42

 

11.59

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

107 / 273

 

 

 

29 / 212

 

 

 

3 / 144

 

 

 

11 / 96

 

 

 

 

 

 

 

7 / 25

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Dividend Opportunity Fund

 

1,719.60

 

3/31/2008

 

1.15

 

-8.26

 

69

%

7.44

 

32

%

11.52

 

63

%

3.57

 

70

%

8/1/1988

 

9.21

 

8/4/1988

 

77

%

5.75

 

-13.53

 

5.34

 

10.21

 

2.96

 

8.88

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

188 / 273

 

 

 

68 / 212

 

 

 

91 / 144

 

 

 

67 / 96

 

 

 

 

 

 

 

16 / 20

 

 

 

 

 

 

 

 

 

 

 

 

 

European Region Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle European Equity Fund

 

127.00

 

3/31/2008

 

1.43

 

0.69

 

17

%

15.53

 

40

%

19.87

 

69

%

 

 

 

 

6/26/2000

 

3.34

 

6/26/2000

 

80

%

5.75

 

-5.10

 

13.27

 

18.45

 

 

 

2.55

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

17 / 103

 

 

 

38 / 94

 

 

 

59 / 85

 

 

 

 

 

 

 

 

 

 

 

48 / 59

 

 

 

 

 

 

 

 

 

 

 

 

 

Flexible Portfolio Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Strategic Allocation Fund

 

1,990.10

 

3/31/2008

 

1.13

 

-4.74

 

83

%

7.07

 

42

%

10.91

 

49

%

3.77

 

78

%

1/23/1985

 

10.43

 

1/31/1985

 

34

%

5.75

 

-10.22

 

4.97

 

9.60

 

3.16

 

10.15

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

121 / 146

 

 

 

44 / 105

 

 

 

45 / 92

 

 

 

44 / 56

 

 

 

 

 

 

 

2 / 5

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Large Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Global Equity Fund

 

718.80

 

3/31/2008

 

1.39

 

0.56

 

49

%

13.06

 

17

%

17.13

 

27

%

3.41

 

68

%

5/29/1990

 

6.09

 

5/31/1990

 

80

%

5.75

 

-5.22

 

10.85

 

15.75

 

2.80

 

5.74

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

52 / 107

 

 

 

14 / 82

 

 

 

16 / 59

 

 

 

21 / 30

 

 

 

 

 

 

 

4 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold-Oriented Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Precious Metals and Mining Fund

 

136.30

 

3/31/2008

 

1.40

 

16.37

 

94

%

27.66

 

80

%

25.53

 

76

%

13.28

 

82

%

4/22/1985

 

8.60

 

4/30/1985

 

50

%

5.75

 

9.67

 

25.17

 

24.05

 

12.61

 

8.32

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

58 / 61

 

 

 

42 / 52

 

 

 

34 / 44

 

 

 

22 / 26

 

 

 

 

 

 

 

5 / 9

 

 

 

 

 

 

 

 

 

 

 

 

 

International Large Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle International Opportunity Fund

 

594.30

 

3/31/2008

 

1.34

 

-1.09

 

45

%

13.39

 

39

%

18.61

 

61

%

2.59

 

92

%

11/15/1984

 

8.68

 

11/15/1984

 

80

%

5.75

 

-6.78

 

11.18

 

17.21

 

1.98

 

8.41

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

92 / 206

 

 

 

70 / 182

 

 

 

103 / 168

 

 

 

85 / 92

 

 

 

 

 

 

 

4 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

International Multi Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined International Equity Fund

 

826.20

 

3/31/2008

 

1.46

 

-2.13

 

77

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

9.02

 

5/18/2006

 

59

%

5.75

 

-7.76

 

 

 

 

 

 

 

5.62

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

178 / 232

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

119 / 202

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Select Growth Fund (2)

 

671.60

 

3/31/2008

 

1.61

 

0.22

 

63

%

15.13

 

49

%

22.52

 

34

%

 

 

 

 

9/28/2001

 

13.58

 

9/28/2001

 

40

%

5.75

 

-5.54

 

12.88

 

21.07

 

 

 

12.55

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

145 / 232

 

 

 

80 / 164

 

 

 

46 / 136

 

 

 

 

 

 

 

 

 

 

 

45 / 112

 

 

 

 

 

 

 

 

 

 

 

 

 

International Multi Cap Value Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Select Value Fund (2)

 

1,943.80

 

3/31/2008

 

1.38

 

-8.54

 

80

%

12.26

 

49

%

21.38

 

48

%

 

 

 

 

9/28/2001

 

14.13

 

9/28/2001

 

42

%

5.75

 

-13.80

 

10.06

 

19.95

 

 

 

13.10

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

102 / 128

 

 

 

44 / 89

 

 

 

37 / 77

 

 

 

 

 

 

 

 

 

 

 

26 / 61

 

 

 

 

 

 

 

 

 

 

 

 

 

International Small/Mid Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Small Cap Fund (2)

 

105.00

 

3/31/2008

 

1.90

 

-7.19

 

54

%

10.80

 

72

%

21.29

 

74

%

 

 

 

 

10/3/2002

 

19.39

 

10/3/2002

 

72

%

5.75

 

-12.53

 

8.64

 

19.86

 

 

 

18.11

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

31 / 57

 

 

 

36 / 49

 

 

 

36 / 48

 

 

 

 

 

 

 

 

 

 

 

30 / 41

 

 

 

 

 

 

 

 

 

 

 

 

 

Large Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Large Cap Equity Fund

 

4,755.10

 

3/31/2008

 

1.09

 

-8.46

 

76

%

4.38

 

62

%

8.68

 

77

%

 

 

 

 

3/28/2002

 

2.84

 

3/28/2002

 

61

%

5.75

 

-13.72

 

2.34

 

7.40

 

 

 

1.84

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

622 / 828

 

 

 

425 / 685

 

 

 

437 / 567

 

 

 

 

 

 

 

 

 

 

 

315 / 523

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Equity Fund

 

3,303.80

 

3/31/2008

 

1.05

 

-7.02

 

68

%

5.47

 

41

%

 

 

 

 

 

 

 

 

4/24/2003

 

9.59

 

4/24/2003

 

34

%

5.75

 

-12.36

 

3.41

 

 

 

 

 

8.28

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

556 / 828

 

 

 

276 / 685

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

193 / 573

 

 

 

 

 

 

 

 

 

 

 

 

 

Large Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Growth Fund

 

2,637.50

 

3/31/2008

 

1.19

 

-9.72

 

98

%

4.06

 

78

%

7.32

 

85

%

-1.04

 

94

%

3/1/1972

 

11.18

 

3/2/1972

 

32

%

5.75

 

-14.91

 

2.03

 

6.05

 

-1.62

 

11.00

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

724 / 739

 

 

 

476 / 615

 

 

 

443 / 521

 

 

 

233 / 247

 

 

 

 

 

 

 

8 / 24

 

 

 

 

 

 

 

 

 

 

 

 

 

Large Cap Value Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Equity Value Fund

 

1,002.20

 

3/31/2008

 

1.09

 

-4.39

 

20

%

9.00

 

9

%

16.04

 

6

%

4.25

 

48

%

3/20/1995

 

9.02

 

3/23/1995

 

56

%

5.75

 

-9.89

 

6.87

 

14.67

 

3.64

 

8.53

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

103 / 536

 

 

 

40 / 463

 

 

 

21 / 381

 

 

 

77 / 161

 

 

 

 

 

 

 

56 / 99

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Large Cap Value Fund

 

64.40

 

3/31/2008

 

1.28

 

-10.50

 

68

%

3.95

 

70

%

10.63

 

80

%

 

 

 

 

6/27/2002

 

6.30

 

6/27/2002

 

70

%

5.75

 

-15.64

 

1.92

 

9.33

 

 

 

5.21

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

364 / 536

 

 

 

324 / 463

 

 

 

304 / 381

 

 

 

 

 

 

 

 

 

 

 

237 / 338

 

 

 

 

 

 

 

 

 

 

 

 

 

Long/Short Equity Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource 120/20 Contrarian Equity Fund

 

40.90

 

3/31/2008

 

2.21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/18/2007

 

 

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

 

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource 130/30 U.S. Equity Fund

 

18.40

 

3/31/2008

 

2.40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/18/2007

 

 

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

 

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Small and Mid-Cap Equity Fund

 

37.10

 

3/31/2008

 

1.67

 

-19.63

 

96

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

-7.58

 

5/18/2006

 

99

%

5.75

 

-24.25

 

 

 

 

 

 

 

-10.47

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

335 / 349

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

319 / 322

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Mid Cap Growth Fund

 

851.80

 

3/31/2008

 

1.08

 

-5.53

 

64

%

3.99

 

84

%

8.72

 

96

%

4.03

 

65

%

6/4/1957

 

^

 

 

 

 

 

5.75

 

-10.97

 

1.96

 

7.44

 

3.41

 

^

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

389 / 607

 

 

 

422 / 503

 

 

 

396 / 414

 

 

 

115 / 178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Aggressive Growth Fund 2

 

550.80

 

3/31/2008

 

1.58

 

6.82

 

9

%

10.11

 

25

%

 

 

 

 

 

 

 

 

4/24/2003

 

15.51

 

4/24/2003

 

16

%

5.75

 

0.68

 

7.96

 

 

 

 

 

14.13

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

53 / 607

 

 

 

126 / 503

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

66 / 418

 

 

 

 

 

 

 

 

 

 

 

 

 

 

35



 

Ameriprise Financial, Inc.

 

Equity Fund Performance & Lipper Ranking

As of March 31, 2008

Source of Data:  Lipper

 

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rankings and Annualized Returns at NAV (1)

 

Annualized Returns @ POP (1)

 

 

 

Total Net

 

Total Net

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund

 

Since

 

 

 

 

 

Max. Front

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

Assets

 

Expense

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Inception

 

Ranking Since

 

Sales

 

 

 

 

 

 

 

 

 

Since 

 

Class A Shares by Lipper Category

 

(Mil $ )

 

Date

 

Ratio

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Date

 

Return

 

Date

 

Ranking

 

Charge

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid Cap Value Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Mid Cap Value Fund

 

2,311.20

 

3/31/2008

 

1.23

 

-6.10

 

14

%

9.75

 

7

%

21.83

 

5

%

 

 

 

 

2/14/2002

 

12.32

 

2/14/2002

 

11

%

5.75

 

-11.50

 

7.61

 

20.40

 

 

 

11.24

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

46 / 330

 

 

 

16 / 256

 

 

 

9 / 203

 

 

 

 

 

 

 

 

 

 

 

18 / 167

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2010 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement PlusSM 2010 Fund

 

15.90

 

3/31/2008

 

2.03

 

-4.52

 

91

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

4.35

 

5/18/2006

 

71

%

5.75

 

-10.01

 

 

 

 

 

 

 

1.09

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

140 / 154

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

75 / 105

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2020 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2015 Fund

 

28.10

 

3/31/2008

 

2.41

 

-5.54

 

87

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

4.33

 

5/18/2006

 

55

%

5.75

 

-10.97

 

 

 

 

 

 

 

1.08

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

191 / 221

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

77 / 141

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2020 Fund

 

30.70

 

3/31/2008

 

1.77

 

-6.09

 

93

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

4.26

 

5/18/2006

 

59

%

5.75

 

-11.49

 

 

 

 

 

 

 

1.00

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

205 / 221

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

83 / 141

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2030 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2025 Fund

 

33.50

 

3/31/2008

 

2.14

 

-6.83

 

85

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

3.71

 

5/18/2006

 

68

%

5.75

 

-12.18

 

 

 

 

 

 

 

0.48

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

167 / 196

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

82 / 121

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2030 Fund

 

30.90

 

3/31/2008

 

2.12

 

-6.70

 

83

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

4.04

 

5/18/2006

 

53

%

5.75

 

-12.07

 

 

 

 

 

 

 

0.79

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

163 / 196

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

64 / 121

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2040 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2035 Fund

 

20.40

 

3/31/2008

 

3.69

 

-6.65

 

74

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

3.64

 

5/18/2006

 

59

%

5.75

 

-12.02

 

 

 

 

 

 

 

0.40

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

203 / 276

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

86 / 146

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2040 Fund

 

12.60

 

3/31/2008

 

2.25

 

-6.71

 

75

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

3.95

 

5/18/2006

 

49

%

5.75

 

-12.08

 

 

 

 

 

 

 

0.70

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

205 / 276

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

72 / 146

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2045 Fund

 

10.10

 

3/31/2008

 

5.57

 

-6.65

 

73

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

3.82

 

5/18/2006

 

52

%

5.75

 

-12.02

 

 

 

 

 

 

 

0.58

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

202 / 276

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

75 / 146

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target Allocation Conservative Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Conservative Fund

 

172.30

 

3/31/2008

 

1.06

 

2.68

 

18

%

4.98

 

33

%

 

 

 

 

 

 

 

 

3/4/2004

 

4.40

 

3/4/2004

 

31

%

4.75

 

-2.20

 

3.29

 

 

 

 

 

3.16

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

75 / 431

 

 

 

86 / 266

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

67 / 218

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Moderate Conservative Fund

 

364.90

 

3/31/2008

 

1.10

 

1.46

 

38

%

5.82

 

12

%

 

 

 

 

 

 

 

 

3/4/2004

 

5.37

 

3/4/2004

 

10

%

4.75

 

-3.36

 

4.11

 

 

 

 

 

4.12

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

164 / 431

 

 

 

31 / 266

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21 / 218

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target Allocation Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Moderate Aggressive Fund

 

1,108.90

 

3/31/2008

 

1.23

 

-0.98

 

34

%

7.07

 

25

%

 

 

 

 

 

 

 

 

3/4/2004

 

6.64

 

3/4/2004

 

22

%

5.75

 

-6.68

 

4.98

 

 

 

 

 

5.10

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

226 / 667

 

 

 

135 / 539

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

106 / 486

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target Allocation Moderate Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Balanced Fund

 

875.20

 

3/31/2008

 

1.07

 

-5.32

 

87

%

4.59

 

70

%

8.68

 

47

%

0.59

 

95

%

4/16/1940

 

^

 

 

 

 

 

5.75

 

-10.76

 

2.54

 

7.40

 

0.00

 

^

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

394 / 457

 

 

 

231 / 331

 

 

 

110 / 235

 

 

 

128 / 135

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Moderate Fund

 

998.30

 

3/31/2008

 

1.16

 

0.12

 

28

%

6.58

 

20

%

 

 

 

 

 

 

 

 

3/4/2004

 

6.25

 

3/4/2004

 

17

%

5.75

 

-5.64

 

4.50

 

 

 

 

 

4.71

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

125 / 457

 

 

 

64 / 331

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

48 / 288

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Large Cap Growth Fund

 

166.50

 

3/31/2008

 

1.44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5/17/2007

 

 

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

 

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Fundamental Value Fund (2)

 

890.70

 

3/31/2008

 

1.18

 

-4.98

 

46

%

5.77

 

55

%

12.27

 

43

%

 

 

 

 

6/18/2001

 

4.66

 

6/18/2001

 

32

%

5.75

 

-10.44

 

3.70

 

10.95

 

 

 

3.75

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

395 / 869

 

 

 

363 / 663

 

 

 

215 / 504

 

 

 

 

 

 

 

 

 

 

 

119 / 377

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Aggressive Fund

 

532.80

 

3/31/2008

 

1.29

 

-2.99

 

28

%

7.43

 

26

%

 

 

 

 

 

 

 

 

3/4/2004

 

6.89

 

3/4/2004

 

24

%

5.75

 

-8.57

 

5.33

 

 

 

 

 

5.35

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

235 / 869

 

 

 

169 / 663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

137 / 581

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Total Equity Fund

 

473.30

 

3/31/2008

 

1.34

 

-4.88

 

45

%

7.79

 

22

%

 

 

 

 

 

 

 

 

3/4/2004

 

7.20

 

3/4/2004

 

19

%

5.75

 

-10.35

 

5.68

 

 

 

 

 

5.66

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

389 / 869

 

 

 

142 / 663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

106 / 581

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi Cap Value Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Select Value 
Fund (2)

 

405.10

 

3/31/2008

 

1.39

 

-9.60

 

40

%

5.00

 

48

%

12.20

 

53

%

 

 

 

 

3/8/2002

 

7.35

 

3/8/2002

 

13

%

5.75

 

-14.79

 

2.94

 

10.88

 

 

 

6.31

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

173 / 441

 

 

 

157 / 332

 

 

 

140 / 267

 

 

 

 

 

 

 

 

 

 

 

28 / 222

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Real Estate Fund

 

181.90

 

3/31/2008

 

1.51

 

-17.29

 

33

%

12.28

 

32

%

 

 

 

 

 

 

 

 

3/4/2004

 

13.00

 

3/4/2004

 

23

%

5.75

 

-22.04

 

10.08

 

 

 

 

 

11.37

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

106 / 321

 

 

 

73 / 232

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

46 / 201

 

 

 

 

 

 

 

 

 

 

 

 

 

S&P 500 Index Objective Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource S&P 500 Index Fund 3

 

202.30

 

3/31/2008

 

0.68

 

-5.43

 

 

 

5.26

 

 

 

10.64

 

 

 

 

 

 

 

10/25/1999

 

1.27

 

10/28/1999

 

 

 

 

-5.43

 

5.26

 

10.64

 

 

 

1.27

 

Science & Technology Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Global Technology Fund

 

137.00

 

3/31/2008

 

1.60

 

-5.95

 

63

%

9.20

 

29

%

16.38

 

14

%

2.64

 

54

%

11/13/1996

 

4.73

 

11/14/1996

 

65

%

5.75

 

-11.36

 

7.07

 

15.01

 

2.04

 

4.18

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

169 / 270

 

 

 

70 / 241

 

 

 

30 / 221

 

 

 

30 / 55

 

 

 

 

 

 

 

27 / 41

 

 

 

 

 

 

 

 

 

 

 

 

 

 

36



 

Ameriprise Financial, Inc.

 

Equity Fund Performance & Lipper Ranking

As of March 31, 2008

Source of Data:  Lipper

 

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rankings and Annualized Returns at NAV (1)

 

Annualized Returns @ POP (1)

 

 

 

Total Net

 

Total Net

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund

 

Since

 

 

 

 

 

Max. Front

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

Assets

 

Expense

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Inception

 

Ranking Since

 

Sales

 

 

 

 

 

 

 

 

 

Since 

 

Class A Shares by Lipper Category

 

(Mil $ )

 

Date

 

Ratio

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Date

 

Return

 

Date

 

Ranking

 

Charge

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Small Cap Equity Fund (2)

 

210.60

 

3/31/2008

 

1.58

 

-12.58

 

40

%

3.45

 

58

%

14.33

 

47

%

 

 

 

 

3/8/2002

 

5.52

 

3/8/2002

 

70

%

5.75

 

-17.60

 

1.43

 

12.99

 

 

 

4.50

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

314 / 795

 

 

 

361 / 626

 

 

 

227 / 485

 

 

 

 

 

 

 

 

 

 

 

296 / 423

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Small Cap Value Fund (2)

 

532.00

 

3/31/2008

 

1.59

 

-15.19

 

61

%

3.50

 

57

%

14.15

 

53

%

 

 

 

 

6/18/2001

 

8.31

 

6/18/2001

 

33

%

5.75

 

-20.07

 

1.47

 

12.81

 

 

 

7.37

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

485 / 795

 

 

 

357 / 626

 

 

 

253 / 485

 

 

 

 

 

 

 

 

 

 

 

117 / 363

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Small Cap Advantage Fund

 

292.40

 

3/31/2008

 

1.32

 

-17.26

 

75

%

0.83

 

87

%

12.59

 

76

%

 

 

 

 

5/4/1999

 

5.22

 

5/6/1999

 

88

%

5.75

 

-22.02

 

-1.14

 

11.26

 

 

 

4.52

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

592 / 795

 

 

 

540 / 626

 

 

 

368 / 485

 

 

 

 

 

 

 

 

 

 

 

213 / 243

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Small Company Index Fund

 

661.10

 

3/31/2008

 

0.93

 

-11.13

 

32

%

4.56

 

42

%

14.74

 

40

%

6.10

 

52

%

8/19/1996

 

8.91

 

8/22/1996

 

59

%

5.75

 

-16.24

 

2.51

 

13.38

 

5.48

 

8.36

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

254 / 795

 

 

 

258 / 626

 

 

 

191 / 485

 

 

 

95 / 183

 

 

 

 

 

 

 

60 / 101

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Small Cap Growth Fund (2)

 

170.10

 

3/31/2008

 

1.76

 

-6.82

 

29

%

6.53

 

28

%

12.59

 

54

%

 

 

 

 

1/24/2001

 

-0.06

 

1/24/2001

 

67

%

5.75

 

-12.17

 

4.45

 

11.26

 

 

 

-0.88

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

172 / 598

 

 

 

130 / 475

 

 

 

212 / 393

 

 

 

 

 

 

 

 

 

 

 

206 / 309

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Cap Value Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Small Cap Value Fund

 

36.80

 

3/31/2008

 

1.73

 

-18.27

 

77

%

 

 

 

 

 

 

 

 

 

 

 

 

2/16/2006

 

-6.23

 

2/16/2006

 

86

%

5.75

 

-22.97

 

 

 

 

 

 

 

-8.81

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

236 / 306

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

227 / 264

 

 

 

 

 

 

 

 

 

 

 

 

 

 


^        Since fund inception returns and rankings are not available. Actual fund inception date pre-dates data in Lipper database.

(1)     Since inception returns and rankings for periods less than one year in length are cumulative.

(2)     Mutual funds subadvised by advisors not affiliated with Ameriprise Financial, Inc.

(3)     RiverSource S&P 500 Index Fund data is for D shares.

 

37


 


 

Ameriprise Financial, Inc.

 

Fixed Income Fund Performance & Lipper Ranking

As of March 31, 2008

Source of Data:  Lipper

 

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rankings and Annualized Returns at NAV (1)

 

Annualized Returns @ POP (1)

 

 

 

Total Net

 

Total Net

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund

 

Since

 

 

 

 

 

Max. Front

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

Assets

 

Expense

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

Inception

 

Ranking Since

 

Sales

 

 

 

 

 

 

 

 

 

Since 

 

Class A Shares by Lipper Category

 

(Mil $ )

 

Date

 

Ratio

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Return

 

Ranking

 

Date

 

Return

 

Date

 

Ranking

 

Charge

 

1 year

 

3 years

 

5 years

 

10 years

 

Inception

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxable Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emerging Markets Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Emerging Markets Bond Fund

 

141.50

 

3/31/2008

 

1.33

 

2.55

 

50

%

 

 

 

 

 

 

 

 

 

 

 

 

2/16/2006

 

6.31

 

2/16/2006

 

40

%

4.75

 

-2.32

 

 

 

 

 

 

 

3.90

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

33 / 66

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22 / 55

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Market Neutral Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Absolute Return Currency & Income Fund

 

552.30

 

3/31/2008

 

1.36

 

1.28

 

41

%

 

 

 

 

 

 

 

 

 

 

 

 

6/15/2006

 

4.59

 

6/15/2006

 

28

%

3

 

-1.76

 

 

 

 

 

 

 

2.83

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

27 / 65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13 / 46

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Income Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Global Bond Fund

 

763.80

 

3/31/2008

 

1.37

 

10.74

 

62

%

5.12

 

59

%

6.54

 

54

%

5.39

 

48

%

3/20/1989

 

7.57

 

3/23/1989

 

38

%

4.75

 

5.48

 

3.43

 

5.51

 

4.88

 

7.30

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

68 / 109

 

 

 

53 / 90

 

 

 

45 / 83

 

 

 

26 / 54

 

 

 

 

 

 

 

3 / 7

 

 

 

 

 

 

 

 

 

 

 

 

 

High Current Yield Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource High Yield Bond Fund

 

1,379.10

 

3/31/2008

 

1.08

 

-5.24

 

77

%

4.52

 

34

%

8.52

 

25

%

3.07

 

62

%

12/8/1983

 

7.79

 

12/8/1983

 

46

%

4.75

 

-9.74

 

2.84

 

7.47

 

2.57

 

7.58

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

349 / 453

 

 

 

127 / 381

 

 

 

80 / 332

 

 

 

99 / 160

 

 

 

 

 

 

 

10 / 21

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Income Opportunities Fund

 

275.70

 

3/31/2008

 

1.14

 

-2.94

 

29

%

4.29

 

43

%

 

 

 

 

 

 

 

 

6/19/2003

 

6.04

 

6/19/2003

 

49

%

4.75

 

-7.55

 

2.61

 

 

 

 

 

4.96

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

130 / 453

 

 

 

163 / 381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

165 / 341

 

 

 

 

 

 

 

 

 

 

 

 

 

Intermediate Investment Grade Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Diversified Bond Fund

 

3,505.70

 

3/31/2008

 

0.97

 

2.85

 

73

%

4.05

 

53

%

3.78

 

52

%

4.37

 

82

%

10/3/1974

 

8.96

 

10/3/1974

 

25

%

4.75

 

-2.03

 

2.38

 

2.77

 

3.87

 

8.80

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

400 / 552

 

 

 

247 / 467

 

 

 

206 / 396

 

 

 

157 / 192

 

 

 

 

 

 

 

1 / 3

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Participation Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Floating Rate Fund

 

494.30

 

3/31/2008

 

1.07

 

-6.97

 

59

%

 

 

 

 

 

 

 

 

 

 

 

 

2/16/2006

 

0.45

 

2/16/2006

 

43

%

3

 

-9.76

 

 

 

 

 

 

 

-0.98

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

41 / 69

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24 / 56

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target Allocation Conservative Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Income Builder Basic Income Fund

 

313.80

 

3/31/2008

 

1.06

 

-0.35

 

60

%

 

 

 

 

 

 

 

 

 

 

 

 

2/16/2006

 

4.73

 

2/16/2006

 

22

%

4.75

 

-5.09

 

 

 

 

 

 

 

2.35

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

258 / 431

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

79 / 360

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Income Builder Moderate Income Fund

 

613.30

 

3/31/2008

 

1.09

 

-2.28

 

82

%

 

 

 

 

 

 

 

 

 

 

 

 

2/16/2006

 

4.42

 

2/16/2006

 

33

%

4.75

 

-6.92

 

 

 

 

 

 

 

2.05

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

353 / 431

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

116 / 360

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Income Builder Enhanced Income Fund

 

318.20

 

3/31/2008

 

1.18

 

-3.60

 

88

%

 

 

 

 

 

 

 

 

 

 

 

 

2/16/2006

 

4.20

 

2/16/2006

 

40

%

4.75

 

-8.18

 

 

 

 

 

 

 

1.84

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

377 / 431

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

141 / 360

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Sector Income Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Strategic Income Allocation Fund

 

173.40

 

3/31/2008

 

1.27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5/17/2007

 

 

 

 

 

 

 

4.75

 

 

 

 

 

 

 

 

 

 

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-Intermediate Investment Grade Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Limited Duration Bond Fund

 

173.80

 

3/31/2008

 

1.11

 

2.87

 

71

%

3.45

 

68

%

 

 

 

 

 

 

 

 

6/19/2003

 

2.66

 

6/19/2003

 

54

%

3

 

-0.22

 

2.41

 

 

 

 

 

2.01

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

106 / 149

 

 

 

97 / 142

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

67 / 124

 

 

 

 

 

 

 

 

 

 

 

 

 

Short U.S. Government Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Short Duration U.S. Government Fund

 

824.20

 

3/31/2008

 

1.03

 

4.20

 

83

%

3.70

 

82

%

2.40

 

76

%

3.76

 

87

%

8/19/1985

 

6.17

 

8/31/1985

 

17

%

3

 

1.08

 

2.65

 

1.78

 

3.44

 

6.03

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

72 / 86

 

 

 

67 / 81

 

 

 

57 / 74

 

 

 

44 / 50

 

 

 

 

 

 

 

1 / 5

 

 

 

 

 

 

 

 

 

 

 

 

 

Treasury Inflation Protected Securities Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Inflation Protected Securities Fund

 

769.80

 

3/31/2008

 

0.98

 

13.96

 

49

%

6.13

 

43

%

 

 

 

 

 

 

 

 

3/4/2004

 

5.36

 

3/4/2004

 

48

%

3

 

10.54

 

5.06

 

 

 

 

 

4.57

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

63 / 128

 

 

 

39 / 90

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

29 / 60

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Mortgage Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource U.S. Government Mortgage Fund

 

395.60

 

3/31/2008

 

1.17

 

3.77

 

56

%

4.02

 

47

%

3.55

 

45

%

 

 

 

 

2/14/2002

 

4.22

 

2/14/2002

 

44

%

4.75

 

-1.16

 

2.34

 

2.55

 

 

 

3.40

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

47 / 84

 

 

 

37 / 78

 

 

 

31 / 69

 

 

 

 

 

 

 

 

 

 

 

29 / 66

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax-Exempt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

California Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource California Tax-Exempt Fund

 

178.10

 

3/31/2008

 

0.88

 

-1.05

 

49

%

2.65

 

48

%

3.21

 

50

%

3.97

 

50

%

8/18/1986

 

5.55

 

8/31/1986

 

80

%

4.75

 

-5.75

 

0.99

 

2.21

 

3.47

 

5.31

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

58 / 118

 

 

 

51 / 107

 

 

 

51 / 102

 

 

 

37 / 73

 

 

 

 

 

 

 

16 / 19

 

 

 

 

 

 

 

 

 

 

 

 

 

General Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Tax-Exempt High Income Fund

 

2,675.40

 

3/31/2008

 

1.13

 

-0.68

 

61

%

2.52

 

50

%

2.94

 

59

%

3.82

 

54

%

5/7/1979

 

6.57

 

5/31/1979

 

41

%

4.75

 

-5.40

 

0.87

 

1.94

 

3.32

 

6.39

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

142 / 234

 

 

 

107 / 217

 

 

 

125 / 211

 

 

 

79 / 147

 

 

 

 

 

 

 

9 / 21

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Tax-Exempt Bond Fund

 

686.50

 

3/31/2008

 

0.94

 

-0.25

 

51

%

2.61

 

46

%

2.86

 

62

%

3.87

 

50

%

11/24/1976

 

5.80

 

11/30/1976

 

75

%

4.75

 

-4.98

 

0.96

 

1.86

 

3.36

 

5.64

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

118 / 234

 

 

 

100 / 217

 

 

 

131 / 211

 

 

 

74 / 147

 

 

 

 

 

 

 

6 / 7

 

 

 

 

 

 

 

 

 

 

 

 

 

Intermediate Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Intermediate Tax-Exempt Fund

 

74.80

 

3/31/2008

 

0.95

 

1.23

 

86

%

2.60

 

79

%

2.59

 

74

%

3.72

 

80

%

11/13/1996

 

3.89

 

11/14/1996

 

86

%

3

 

-1.80

 

1.57

 

1.97

 

3.40

 

3.61

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

136 / 158

 

 

 

112 / 141

 

 

 

89 / 120

 

 

 

61 / 76

 

 

 

 

 

 

 

60 / 69

 

 

 

 

 

 

 

 

 

 

 

 

 

Minnesota Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Minnesota Tax-Exempt Fund

 

300.70

 

3/31/2008

 

1.06

 

0.63

 

44

%

2.75

 

52

%

3.05

 

52

%

3.96

 

45

%

8/18/1986

 

5.66

 

8/31/1986

 

67

%

4.75

 

-4.15

 

1.09

 

2.06

 

3.46

 

5.42

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

21 / 47

 

 

 

21 / 40

 

 

 

21 / 40

 

 

 

15 / 33

 

 

 

 

 

 

 

4 / 5

 

 

 

 

 

 

 

 

 

 

 

 

 

New York Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource New York Tax-Exempt Fund

 

57.40

 

3/31/2008

 

1.18

 

0.32

 

55

%

2.66

 

53

%

2.96

 

59

%

3.93

 

52

%

8/18/1986

 

5.44

 

8/31/1986

 

89

%

4.75

 

-4.45

 

1.01

 

1.96

 

3.42

 

5.21

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

55 / 99

 

 

 

50 / 94

 

 

 

55 / 93

 

 

 

36 / 69

 

 

 

 

 

 

 

15 / 16

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1) Since inception returns and rankings for periods less than one year in length are cumulative.

 

38



 

Ameriprise Financial, Inc.

 

Fund Performance & Lipper Ranking

As of March 31, 2008

Source of Data:  Lipper

 

Important Disclosures

 

Rankings based on annualized total returns, excluding sales charges.  Net asset value (NAV) returns for all periods would have been lower if the applicable sales charges were included.

 

Please note the following about the “Ranking since” Lipper Rankings: In order to obtain a more accurate “since inception” Lipper Ranking for funds with an inception prior to 2000, the  Thursday or month-end date following the actual inception date was used, rather than the actual inception date.  When researching since inception rankings, please use the “Ranking Since” date.

 

Please note the following about the “Annualized Returns @ POP”:  The POP return is calculated assuming a one-time purchase of the Fund at the maximum sales charge listed in the exhibit.

 

RiverSource S&P 500 Index Fund has no sales loads, however, a redemption fee of 0.50% is charged on shares redeemed within 180 days of purchase.

 

Net assets per fund include all share classes.  Assets for RiverSource Portfolio Builder Funds, RiverSource Income Builder Funds and RiverSource Retirement Plus Funds are invested in other RiverSource Funds and therefore would be double counted if assets are summed to reach a total.  Please see page 15 to find total RiverSource Fund assets as of the quarter end.

 

Fee waivers were in place for each subadvised fund shown and the return would have been lower for each Fund had fee waivers not been in place.

 

39



 

Ameriprise Financial, Inc.

 

Important Disclosures - continued

 

An investment in money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although these funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds.

 

You should consider the investment objectives, risks, and charges and expenses of mutual funds carefully before investing. For a free prospectus, which contains this and other important information about the funds, call (800) 297-3863, TTY: (800) 846-4852.  Read the prospectus carefully before investing.

 

The RiverSource Global Technology Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives.

 

Investments in small- and mid-capitalization companies often involve greater risk and potential volatility than investments in larger, more established companies.

 

The RiverSource Precious Metals Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives.

 

The RiverSource Real Estate Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives. An investment in a real estate fund is subject to the same risks as a direct investment in real estate. Such risks include market risk, economic risk and mortgage rate risk.

 

International investing involves increased risk and volatility, not typically associated with domestic investing, due to changes in currency exchange rates, foreign government regulations, differences in auditing and accounting standards, potential political and economic instability, limited liquidity and volatile prices. The risks of international investing are particularly significant in emerging markets.

 

There are risks associated with an investment in a bond fund, including the impact of interest rates, credit and inflation. These and other risk considerations are discussed in the fund’s prospectus. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities. Non-investment grade securities, commonly called “high-yield” or “junk” bonds,  generally have more volatile prices and carry more risk to principle and income than investment grade securities.

 

High yield funds invest in lower-rated bonds, which generally have more volatile prices and carry more risk to principal and income than investment grade securities.

 

Principal risks associated with the RiverSource Inflation Protected Securities Fund include style risk, interest rate risk, market risk, credit risk, liquidity risk and sector/concentration risk.

 

Treasury Inflation Protected Securities (TIPS) are backed by the full faith and credit of the U.S. government. The U.S. government guarantee applies only to the underlying TIPS securities, and not the Fund itself.

 

Income from tax-exempt funds may be subject to state and local taxes, and a portion of income may be subject to the federal and/or state alternative minimum tax for certain investors. Federal income tax rules will apply to any capital gains distribution.

 

Shares of the RiverSource Short Duration U.S. Government Fund and the RiverSource U.S. Government Mortgage Fund are not insured or guaranteed by the U.S. government.

 

The Floating Rate Fund invests primarily in floating rate loans, the market value of which may fluctuate, sometimes rapidly and unpredictably.  The principal risks of investing in the fund include liquidity risk, interest rate risk, credit risk, counterparty risk, highly leveraged transactions risk, derivatives risk, confidential information access risk, and impairment of collateral risk. Generally, when interest rates rise, the prices of fixed income securities fall, however, securities or loans with floating interest rates can be less sensitive to interest rate changes, but they may decline in value if their interest rates do not rise as much as interest rates in general. Limited liquidity may affect the ability of the fund to purchase or sell floating rate loans and may have a negative impact on fund performance.  The floating rate loans and securities in which the fund invests generally are lower-rated (non-investment grade) and are more likely to experience a default, which results in more volatile prices and more risk to principal and income than investment grade loans or securities. See the Fund’s prospectus for information on these and other risks associated with the Fund.

 

The RiverSource Portfolio Builder Funds, RiverSource Income Builder Funds and RiverSource Retirement Plus Funds are “funds of funds” comprised of holdings in several different RiverSource funds, which may include small cap, mid cap, large cap, money market, international, bond and/or other sector funds. Specific risk considerations are discussed in each fund’s prospectus. Each of the underlying funds in which the portfolio invests has its own investment risks, and those risks can affect the value of each portfolio’s shares and investments. See each fund’s prospectus for specific risks that may be associated with the underlying funds.

 

“Standard & Poor’s®,” “S&P,” “S&P 500®,” and “Standard & Poor’s 500®” are trademarks of the McGraw-Hill Companies, Inc. These trademarks and service marks have been licensed for use by RiverSource Investments. The Funds are not sponsored, endorsed, sold or promoted by Standard & Poor’s or any of their subsidiaries or affiliates (the “Licensors”) and the Licensors make no representation regarding the advisability of investing in the Funds.

 

40



 

Exhibit B

 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

Reconciliation Tables

 


 


 

Ameriprise Financial, Inc.

Reconciliation Table: Adjusted Pretax Income and Adjusted Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

1 Qtr 2008

 

2007

 

2008

 

Adjusted Pretax Income (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

216

 

$

245

 

$

217

 

$

338

 

$

195

 

$

216

 

$

195

 

Separation costs

 

85

 

63

 

60

 

28

 

 

85

 

 

Adjusted pretax income

 

$

301

 

$

308

 

$

277

 

$

366

 

$

195

 

$

301

 

$

195

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted Earnings (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

165

 

$

196

 

$

198

 

$

255

 

$

191

 

$

165

 

$

191

 

Separation costs, after-tax (2)

 

55

 

41

 

39

 

19

 

 

55

 

 

Adjusted earnings

 

$

220

 

$

237

 

$

237

 

$

274

 

$

191

 

$

220

 

$

191

 

 


(1)     See non-GAAP Financial Information.

 

(2)         In GAAP financial statements, separation costs are part of continuing operations. For this non-GAAP presentation, after-tax separation costs are calculated using the statutory tax rate of 35%.

 

42



 

Ameriprise Financial, Inc.

Return on Equity Calculation

 

(in millions, unaudited)

 

 

 

ROE (1)

 

Adjustments

 

Adjusted ROE (2)

 

 

 

 

 

 

 

 

 

 

 

Return on Equity Calculation for the Twelve Months Ended:

 

 

 

 

 

 

 

March 31, 2007

 

 

 

 

 

 

 

 

 

 

 

Return

 

$

651

 

$

246

 

$

897

 

 

 

Equity

 

$

7,597

 

$

(215

)

$

7,382

 

 

 

Return on Equity

 

8.6

%

 

 

12.2

%

 

 

 

 

 

 

 

 

 

 

June 30, 2007

 

 

 

 

 

 

 

 

 

 

 

Return

 

$

706

 

$

233

 

$

939

 

 

 

Equity

 

$

7,649

 

$

(158

)

$

7,491

 

 

 

Return on Equity

 

9.2

%

 

 

12.5

%

 

 

 

 

 

 

 

 

 

 

September 30, 2007

 

 

 

 

 

 

 

 

 

 

 

Return

 

$

730

 

$

215

 

$

945

 

 

 

Equity

 

$

7,753

 

$

(102

)

$

7,651

 

 

 

Return on Equity

 

9.4

%

 

 

12.4

%

 

 

 

 

 

 

 

 

 

 

December 31, 2007

 

 

 

 

 

 

 

 

 

 

 

Return

 

$

814

 

$

154

 

$

968

 

 

 

Equity

 

$

7,765

 

$

(58

)

$

7,707

 

 

 

Return on Equity

 

10.5

%

 

 

12.6

%

 

 

 

 

 

 

 

 

 

 

March 31, 2008

 

 

 

 

 

 

 

 

 

 

 

Return

 

$

840

 

$

99

 

$

939

 

 

 

Equity

 

$

7,696

 

$

(29

)

$

7,667

 

 

 

Return on Equity

 

10.9

%

 

 

12.2

%

 


(1)         Return on equity is calculated using the trailing twelve months income in the numerator and equity, calculated using a five point average of quarter-end equity, in the denominator.

 

(2)         Adjusted return on equity is calculated using adjusted earnings (excluding non-recurring separation costs) in the numerator, and equity excluding the equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter in the denominator.

 

43



 

Exhibit C

 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

Disclosed Items

 

 

44



 

Ameriprise Financial, Inc.

Disclosed Items

First Quarter 2008

 

 

 

Asset
Management

 

Annuities

 

Protection

 

Corporate

 

Consolidated

 

 

 

 

 

 

 

Investment

 

Mean

 

Investment

 

Mean

 

Investment

 

 

 

 

 

(in millions, unaudited)

 

EITF 04-5 (1)

 

Losses (2)

 

Reversion (3)

 

Losses (2)

 

Reversion (3)

 

Losses (2)

 

Tax Impact (4)

 

Consolidated

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

(1

)

$

 

$

 

$

 

$

 

$

 

$

 

$

(1

)

Distribution fees

 

 

 

 

 

 

 

 

 

Net investment income

 

 

 

(20

)

 

(3

)

 

(1

)

 

 

(24

)

Premiums

 

 

 

 

 

 

 

 

 

Other revenues

 

(3

)

 

 

 

 

 

 

(3

)

Total revenues

 

(4

)

(20

)

 

(3

)

 

(1

)

 

(28

)

Banking and deposit interest expense

 

 

 

 

 

 

 

 

 

Total net revenues

 

(4

)

(20

)

 

(3

)

 

(1

)

 

(28

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

 

 

 

 

 

 

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

3

 

 

 

 

 

3

 

Amortization of deferred acquisition costs

 

 

 

22

 

 

2

 

 

 

24

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

General and administrative expense

 

(4

)

 

 

 

 

 

 

(4

)

Total expenses

 

(4

)

 

25

 

 

2

 

 

 

23

 

Pretax income

 

$

 

$

(20

)

$

(25

)

$

(3

)

$

(2

)

$

(1

)

$

 

$

(51

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

$

38

 

$

38

 

 


(1)       In accordance with EITF 04-5, reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund limited partnerships managed by RiverSource

(2)       Pretax realized net investment gains and (losses)

(3)       Mean reversion of DAC

(4)       Exceptional tax adjustments

 

        VA rider hedge impact can be found on page 18 of the Statistical Supplement

 

        Supplemental market impact disclosures can be found on page 10 of the press release dated 04/22/2008

 

45



 

Ameriprise Financial, Inc.

Disclosed Items

Fourth Quarter 2007

 

 

 

A&WM

 

Asset Management

 

Annuities

 

Protection

 

Corporate

 

 

 

 

 

Increased

 

 

 

EITF

 

 

 

Mean

 

Investment

 

Investment

 

Increased

 

Mean

 

 

 

Increased

 

 

 

(in millions, unaudited)

 

Reserves (1)

 

Wachovia (2)

 

04-5 (3)

 

VIE (4)

 

Reversion (5)

 

Gains (6)

 

Gains (6)

 

Reserves (1)

 

Reversion (5)

 

VIE (4)

 

Reserves (1)

 

Consolidated

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

 

$

 

$

(1

)

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

(1

)

Distribution fees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

 

 

 

1

 

 

 

15

 

3

 

 

 

 

 

19

 

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

25

 

(30

)

49

 

 

 

 

 

 

19

 

 

63

 

Total revenues

 

 

25

 

(30

)

49

 

 

15

 

3

 

 

 

19

 

 

81

 

Banking and deposit interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

 

25

 

(30

)

49

 

 

15

 

3

 

 

 

19

 

 

81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

 

 

 

 

7

 

 

 

 

1

 

 

 

8

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

21

 

 

(30

)

 

 

 

 

5

 

 

 

14

 

10

 

Total expenses

 

21

 

 

(30

)

 

7

 

 

 

5

 

1

 

 

14

 

18

 

Pretax income

 

$

(21

)

$

25

 

$

 

$

49

 

$

(7

)

$

15

 

$

3

 

$

(5

)

$

(1

)

$

19

 

$

(14

)

$

63

 

 


(1)         Increased reserves related to legal and regulatory and other contingencies

(2)         Additional proceeds from the 2006 sale of our defined contribution recordkeeping business

(3)         In accordance with EITF 04-5, reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund limited partnerships managed by RiverSource

(4)         Additional gains associated with the deconsolidation of a variable interest entity

(5)         Mean reversion of DAC

(6)         Pretax realized net investment gains and (losses)

 

46



 

Ameriprise Financial, Inc.

Disclosed  Items

First Quarter 2007

 

 

 

Asset Management

 

Annuities

 

Protection

 

 

 

 

 

Investment

 

 

 

Investment

 

Investment

 

 

 

(in millions, unaudited)

 

Gains (1)

 

EITF 04-5 (2)

 

Gains (1)

 

Gains (1)

 

Consolidated

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

 

$

(2

)

$

 

$

 

$

(2

)

Distribution fees

 

 

 

 

 

 

Net investment income

 

2

 

2

 

6

 

1

 

11

 

Premiums

 

 

 

 

 

 

Other revenues

 

 

12

 

 

 

12

 

Total revenues

 

2

 

12

 

6

 

1

 

21

 

Banking and deposit interest expense

 

 

 

 

 

 

Total net revenues

 

2

 

12

 

6

 

1

 

21

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

 

 

 

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

 

 

 

 

 

Interest and debt expense

 

 

 

 

 

 

General and administrative expense

 

 

12

 

 

 

12

 

Total expenses

 

 

12

 

 

 

 

Pretax income

 

$

2

 

$

 

$

6

 

$

1

 

$

9

 

 


(1)      Pretax realized net investment gains and (losses)

 

(2)         In accordance with EITF 04-5, reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund limited partnerships managed by RiverSource

 

47



 

Exhibit D

 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2008

 

Prior Statistical Supplement Reconciliation Tables

 


 

 

 


 

Ameriprise Financial, Inc.

Reconciliation of Adjustments Affecting Historical Statistical Supplement Presentations

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2007

 

2 Qtr 2007

 

3 Qtr 2007

 

4 Qtr 2007

 

 

 

 

 

 

 

 

 

 

 

Owned, Managed, and Administered Assets (1) (in billions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances - as previously reported

 

 

 

 

 

 

 

 

 

Owned

 

$

40.4

 

$

43.0

 

$

44.0

 

$

43.5

 

Managed

 

 

 

 

 

 

 

 

 

External clients

 

305.3

 

310.5

 

315.4

 

307.0

 

Owned

 

58.1

 

58.2

 

59.0

 

58.7

 

Total managed

 

363.4

 

368.7

 

374.4

 

365.7

 

Administered

 

70.3

 

72.5

 

73.5

 

71.0

 

Total OMA assets

 

$

474.1

 

$

484.2

 

$

491.9

 

$

480.2

 

 

 

 

 

 

 

 

 

 

 

Balances - current presentation

 

 

 

 

 

 

 

 

 

Owned

 

$

35.8

 

$

38.5

 

$

39.6

 

$

39.6

 

Managed

 

 

 

 

 

 

 

 

 

External clients

 

305.3

 

310.5

 

315.4

 

307.0

 

Owned

 

62.7

 

62.7

 

63.4

 

62.6

 

Total managed

 

368.0

 

373.2

 

378.8

 

369.6

 

Administered

 

70.3

 

72.5

 

73.5

 

71.0

 

Total OMA assets

 

$

474.1

 

$

484.2

 

$

491.9

 

$

480.2

 

 

 

 

 

 

 

 

 

 

 

Total Managed Assets Reconciliations (1)

 

 

 

 

 

 

 

 

 

Balances - as previously reported

 

 

 

 

 

 

 

 

 

Managed assets - external clients

 

$

235,794

 

$

234,688

 

$

236,972

 

$

227,974

 

Managed assets - owned

 

58,111

 

58,249

 

59,029

 

58,672

 

Total managed assets

 

$

293,905

 

$

292,937

 

$

296,001

 

$

286,646

 

 

 

 

 

 

 

 

 

 

 

Balances - current presentation

 

 

 

 

 

 

 

 

 

Managed assets - external clients

 

$

231,242

 

$

230,220

 

$

232,634

 

$

224,070

 

Managed assets - owned

 

62,663

 

62,717

 

63,367

 

62,576

 

Total managed assets

 

$

293,905

 

$

292,937

 

$

296,001

 

$

286,646

 

 


(1)         A change due to classifying certain Threadneedle managed separate account assets as Managed - Owned as shown on pages 4, 7 and 13.

 

49