EX-99.2 3 a09-10465_1ex99d2.htm EX-99.2

Exhibit 99.2

 

 

 

Statistical Supplement Package

(unaudited)

 

 

First Quarter 2009

 

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

 

Domestic Asset Management Products

 

15

 

International 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

 

 

 

Domestic Mutual Fund Performance and Lipper Ranking

 

34

Exhibit B

 

 

 

Return on Equity

 

43

Exhibit C

 

 

 

Disclosed Items

 

45

Exhibit D

 

 

 

Prior Statistical Supplement Reconciliation Tables

 

49

 

2



 

 

 

Statistical Supplement Package

(unaudited)

 

 

First Quarter 2009

 

 

Consolidated Results

 

3



 

Ameriprise Financial, Inc.

Highlights

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

Management Targets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue growth: Target 6 - 8%

 

(2.0

)%

(8.6

)%

(22.8

)%

(40.8

)%

(13.7

)%

(2.0

)%

(13.7

)%

(11.7

)%

 

 

 

(11.7

)%

 

 

 

27.1

%

 

 

 

Return on equity: Target 12 - 15%

 

10.9

%

11.2

%

7.9

%

(0.5

)%

(1.5

)%

10.9

%

(1.5

)%

(12.4

)%

 

 

 

(12.4

)%

 

 

 

(1.0

)%

 

 

 

Earnings per diluted share growth: Target 12 - 15%

 

20.6

%

14.8

%

(138.6

)%

(256.5

)%

(29.3

)%

20.6

%

(29.3

)%

(49.9

)%

 

 

 

(49.9

)%

 

 

 

227.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Margins

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss) margin (1)

 

9.5

%

11.8

%

(10.8

)%

(50.1

)%

7.7

%

9.5

%

7.7

%

(1.8

)%

 

 

 

(1.8

)%

 

 

 

57.8

%

 

 

 

Net income (loss) attributable to Ameriprise Financial margin (1)

 

9.6

%

10.7

%

(4.3

)%

(27.6

)%

7.5

%

9.6

%

7.5

%

(2.1

)%

 

 

 

(2.1

)%

 

 

 

35.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.84

 

$

0.94

 

$

(0.32

)

$

(1.69

)

$

0.58

 

$

0.84

 

$

0.58

 

$

(0.26

)

(31

)%

 

$

(0.26

)

(31

)%

 

$

2.27

 

#

 

 

Earnings (loss) per diluted share

 

$

0.82

 

$

0.93

 

$

(0.32

)

$

(1.69

)

$

0.58

 

$

0.82

 

$

0.58

 

$

(0.24

)

(29

)%

 

$

(0.24

)

(29

)%

 

$

2.27

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total common outstanding

 

223.4

 

218.9

 

216.6

 

216.5

 

219.1

 

223.4

 

219.1

 

(4.3

)

(2

)%

 

(4.3

)

(2

)%

 

2.6

 

1

%

 

Nonforfeitable restricted stock units

 

2.6

 

2.0

 

2.0

 

1.9

 

4.4

 

2.6

 

4.4

 

1.8

 

69

%

 

1.8

 

69

%

 

2.5

 

#

 

 

Total potentially dilutive

 

2.8

 

2.7

 

2.9

 

2.1

 

0.8

 

2.8

 

0.8

 

(2.0

)

(71

)%

 

(2.0

)

(71

)%

 

(1.3

)

(62

)%

 

Total diluted shares

 

228.8

 

223.6

 

221.5

 

220.5

 

224.3

 

228.8

 

224.3

 

(4.5

)

(2

)%

 

(4.5

)

(2

)%

 

3.8

 

2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

228.4

 

223.2

 

219.1

 

218.5

 

222.3

 

228.4

 

222.3

 

(6.1

)

(3

)%

 

(6.1

)

(3

)%

 

3.8

 

2

%

 

Diluted

 

231.5

 

226.0

 

221.7

 

220.3

 

223.5

 

231.5

 

223.5

 

(8.0

)

(3

)%

 

(8.0

)

(3

)%

 

3.2

 

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ameriprise Financial shareholders equity - end of period

 

$

7,581

 

$

7,314

 

$

6,717

 

$

6,178

 

$

6,384

 

$

7,581

 

$

6,384

 

$

(1,197

)

(16

)%

 

$

(1,197

)

(16

)%

 

$

206

 

3

%

 

Total client assets

 

275,958

 

275,473

 

253,431

 

241,363

 

231,298

 

275,958

 

231,298

 

(44,660

)

(16

)%

 

(44,660

)

(16

)%

 

(10,065

)

(4

)%

 

Total financial advisors

 

11,609

 

11,521

 

11,433

 

12,486

 

12,466

 

11,609

 

12,466

 

857

 

7

%

 

857

 

7

%

 

(20

)

0

%

 

Net revenue per financial advisor (in thousands)

 

$

81

 

$

77

 

$

62

 

$

47

 

$

59

 

$

81

 

$

59

 

$

(22

)

(27

)%

 

$

(22

)

(27

)%

 

$

12

 

26

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned, Managed, and Administered Assets (in billions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned

 

$

36.8

 

$

36.9

 

$

34.4

 

$

31.7

 

$

29.6

 

$

36.8

 

$

29.6

 

$

(7.2

)

(20

)%

 

$

(7.2

)

(20

)%

 

$

(2.1

)

(7

)%

 

Managed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

External clients

 

285.6

 

281.3

 

241.1

 

209.4

 

196.4

 

285.6

 

196.4

 

(89.2

)

(31

)%

 

(89.2

)

(31

)%

 

(13.0

)

(6

)%

 

Owned

 

60.9

 

59.9

 

57.2

 

55.5

 

56.9

 

60.9

 

56.9

 

(4.0

)

(7

)%

 

(4.0

)

(7

)%

 

1.4

 

3

%

 

Total managed

 

346.5

 

341.2

 

298.3

 

264.9

 

253.3

 

346.5

 

253.3

 

(93.2

)

(27

)%

 

(93.2

)

(27

)%

 

(11.6

)

(4

)%

 

Administered

 

65.8

 

65.6

 

60.8

 

75.5

 

71.1

 

65.8

 

71.1

 

5.3

 

8

%

 

5.3

 

8

%

 

(4.4

)

(6

)%

 

Total OMA assets

 

$

449.1

 

$

443.7

 

$

393.5

 

$

372.1

 

$

354.0

 

$

449.1

 

$

354.0

 

$

(95.1

)

(21

)%

 

$

(95.1

)

(21

)%

 

$

(18.1

)

(5

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends paid

 

$

34

 

$

34

 

$

37

 

$

38

 

$

37

 

$

34

 

$

37

 

$

3

 

9

%

 

$

3

 

9

%

 

$

(1

)

(3

)%

 

Common stock share repurchases

 

$

270

 

$

250

 

$

94

 

$

 

$

 

$

270

 

$

 

$

(270

)

#

 

 

$

(270

)

#

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt to total capital

 

21.0

%

21.6

%

23.6

%

24.7

%

23.1

%

21.0

%

23.1

%

2.1

%

 

 

 

2.1

%

 

 

 

(1.6

)%

 

 

 

Debt to total capital excluding non-recourse debt

 

20.9

%

21.5

%

22.9

%

24.1

%

22.4

%

20.9

%

22.4

%

1.5

%

 

 

 

1.5

%

 

 

 

(1.7

)%

 

 

 

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

 

17.0

%

17.4

%

18.6

%

19.8

%

19.3

%

17.0

%

19.3

%

2.3

%

 

 

 

2.3

%

 

 

 

(0.5

)%

 

 

 

 


(1) See non-GAAP Financial Information.

 

# Variance of 100% or greater.

 

4



 

Ameriprise Financial, Inc.

Financial Summary

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Segment Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

$

936

 

$

891

 

$

712

 

$

582

 

$

734

 

$

936

 

$

734

 

$

(202

)

(22

)%

 

$

(202

)

(22

)%

 

$

152

 

26

%

 

Asset Management

 

355

 

364

 

305

 

265

 

248

 

355

 

248

 

(107

)

(30

)%

 

(107

)

(30

)%

 

(17

)

(6

)%

 

Annuities

 

478

 

494

 

336

 

310

 

487

 

478

 

487

 

9

 

2

%

 

9

 

2

%

 

177

 

57

%

 

Protection

 

483

 

479

 

542

 

450

 

495

 

483

 

495

 

12

 

2

%

 

12

 

2

%

 

45

 

10

%

 

Corporate & Other

 

9

 

14

 

(9

)

(15

)

29

 

9

 

29

 

20

 

#

 

 

20

 

#

 

 

44

 

#

 

 

Eliminations

 

(270

)

(274

)

(257

)

(253

)

(275

)

(270

)

(275

)

(5

)

(2

)%

 

(5

)

(2

)%

 

(22

)

(9

)%

 

Total net revenues

 

1,991

 

1,968

 

1,629

 

1,339

 

1,718

 

1,991

 

1,718

 

(273

)

(14

)%

 

(273

)

(14

)%

 

379

 

28

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

872

 

840

 

789

 

769

 

790

 

872

 

790

 

(82

)

(9

)%

 

(82

)

(9

)%

 

21

 

3

%

 

Asset Management(2)

 

337

 

322

 

290

 

263

 

256

 

337

 

256

 

(81

)

(24

)%

 

(81

)

(24

)%

 

(7

)

(3

)%

 

Annuities

 

436

 

417

 

370

 

682

 

363

 

436

 

363

 

(73

)

(17

)%

 

(73

)

(17

)%

 

(319

)

(47

)%

 

Protection

 

381

 

366

 

438

 

417

 

384

 

381

 

384

 

3

 

1

%

 

3

 

1

%

 

(33

)

(8

)%

 

Corporate & Other

 

40

 

60

 

161

 

102

 

53

 

40

 

53

 

13

 

33

%

 

13

 

33

%

 

(49

)

(48

)%

 

Eliminations

 

(270

)

(274

)

(257

)

(253

)

(275

)

(270

)

(275

)

(5

)

(2

)%

 

(5

)

(2

)%

 

(22

)

(9

)%

 

Total expenses

 

1,796

 

1,731

 

1,791

 

1,980

 

1,571

 

1,796

 

1,571

 

(225

)

(13

)%

 

(225

)

(13

)%

 

(409

)

(21

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Segment Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

64

 

51

 

(77

)

(187

)

(56

)

64

 

(56

)

(120

)

#

 

 

(120

)

#

 

 

131

 

70

%

 

Asset Management

 

18

 

42

 

15

 

2

 

(8

)

18

 

(8

)

(26

)

#

 

 

(26

)

#

 

 

(10

)

#

 

 

Annuities

 

42

 

77

 

(34

)

(372

)

124

 

42

 

124

 

82

 

#

 

 

82

 

#

 

 

496

 

#

 

 

Protection

 

102

 

113

 

104

 

33

 

111

 

102

 

111

 

9

 

9

%

 

9

 

9

%

 

78

 

#

 

 

Corporate & Other

 

(31

)

(46

)

(170

)

(117

)

(24

)

(31

)

(24

)

7

 

23

%

 

7

 

23

%

 

93

 

79

%

 

Eliminations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) excluding net income (loss) attributable to noncontrolling interest

 

$

195

 

$

237

 

$

(162

)

$

(641

)

$

147

 

$

195

 

$

147

 

$

(48

)

(25

)%

 

$

(48

)

(25

)%

 

$

788

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Income (Loss) Margin (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

6.8

%

5.7

%

(10.8

)%

(32.1

)%

(7.6

)%

6.8

%

(7.6

)%

(14.4

)%

 

 

 

(14.4

)%

 

 

 

24.5

%

 

 

 

Asset Management

 

5.1

%

11.5

%

4.9

%

0.8

%

(3.2

)%

5.1

%

(3.2

)%

(8.3

)%

 

 

 

(8.3

)%

 

 

 

(4.0

)%

 

 

 

Annuities

 

8.8

%

15.6

%

(10.1

)%

(120.0

)%

25.5

%

8.8

%

25.5

%

16.7

%

 

 

 

16.7

%

 

 

 

145.5

%

 

 

 

Protection

 

21.1

%

23.6

%

19.2

%

7.3

%

22.4

%

21.1

%

22.4

%

1.3

%

 

 

 

1.3

%

 

 

 

15.1

%

 

 

 

Ameriprise Financial, Inc.

 

9.5

%

11.8

%

(10.8

)%

(50.1

)%

7.7

%

9.5

%

7.7

%

(1.8

)%

 

 

 

(1.8

)%

 

 

 

57.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

$

928

 

$

962

 

$

989

 

$

879

 

$

833

 

$

928

 

$

833

 

$

(95

)

(10

)%

 

$

(95

)

(10

)%

 

$

(46

)

(5

)%

 

Asset Management

 

847

 

817

 

779

 

1,184

 

1,039

 

847

 

1,039

 

192

 

23

%

 

192

 

23

%

 

(145

)

(12

)%

 

Annuities

 

2,005

 

1,961

 

2,228

 

2,754

 

2,774

 

2,005

 

2,774

 

769

 

38

%

 

769

 

38

%

 

20

 

1

%

 

Protection

 

2,358

 

2,366

 

2,470

 

2,339

 

2,388

 

2,358

 

2,388

 

30

 

1

%

 

30

 

1

%

 

49

 

2

%

 

Corporate & Other

 

1,730

 

1,730

 

1,224

 

115

 

482

 

1,730

 

482

 

(1,248

)

(72

)%

 

(1,248

)

(72

)%

 

367

 

#

 

 

Total allocated equity

 

$

7,868

 

$

7,836

 

$

7,690

 

$

7,271

 

$

7,516

 

$

7,868

 

$

7,516

 

$

(352

)

(4

)%

 

$

(352

)

(4

)%

 

$

245

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Return on Allocated Equity (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

31.1

%

25.8

%

7.6

%

(15.9

)%

(29.3

)%

31.1

%

(29.3

)%

(60.4

)%

 

 

 

(60.4

)%

 

 

 

(13.4

)%

 

 

 

Asset Management

 

32.3

%

28.1

%

21.9

%

8.5

%

5.5

%

32.3

%

5.5

%

(26.8

)%

 

 

 

(26.8

)%

 

 

 

(3.0

)%

 

 

 

Annuities

 

16.3

%

16.3

%

10.2

%

(13.0

)%

(8.7

)%

16.3

%

(8.7

)%

(25.0

)%

 

 

 

(25.0

)%

 

 

 

4.3

%

 

 

 

Protection

 

20.7

%

20.1

%

20.0

%

14.9

%

15.1

%

20.7

%

15.1

%

(5.6

)%

 

 

 

(5.6

)%

 

 

 

0.2

%

 

 

 

 


(1) See non-GAAP Financial Information.

 

(2) Total expenses include net income (loss) attributable to noncontrolling interest.

 

# Variance of 100% or greater.

 

5



 

Ameriprise Financial, Inc.

Consolidated Income Statements

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

791

 

$

780

 

$

721

 

$

607

 

$

554

 

$

791

 

$

554

 

$

(237

)

(30

)%

 

$

(237

)

(30

)%

 

$

(53

)

(9

)%

 

Distribution fees

 

433

 

422

 

376

 

334

 

311

 

433

 

311

 

(122

)

(28

)%

 

(122

)

(28

)%

 

(23

)

(7

)%

 

Net investment income

 

401

 

393

 

62

 

(28

)

420

 

401

 

420

 

19

 

5

%

 

19

 

5

%

 

448

 

#

 

 

Premiums

 

256

 

257

 

264

 

271

 

266

 

256

 

266

 

10

 

4

%

 

10

 

4

%

 

(5

)

(2

)%

 

Other revenues

 

157

 

158

 

249

 

202

 

209

 

157

 

209

 

52

 

33

%

 

52

 

33

%

 

7

 

3

%

 

Total revenues

 

2,038

 

2,010

 

1,672

 

1,386

 

1,760

 

2,038

 

1,760

 

(278

)

(14

)%

 

(278

)

(14

)%

 

374

 

27

%

 

Banking and deposit interest expense

 

47

 

42

 

43

 

47

 

42

 

47

 

42

 

(5

)

(11

)%

 

(5

)

(11

)%

 

(5

)

(11

)%

 

Total net revenues

 

1,991

 

1,968

 

1,629

 

1,339

 

1,718

 

1,991

 

1,718

 

(273

)

(14

)%

 

(273

)

(14

)%

 

379

 

28

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

532

 

506

 

461

 

406

 

383

 

532

 

383

 

(149

)

(28

)%

 

(149

)

(28

)%

 

(23

)

(6

)%

 

Interest credited to fixed accounts

 

195

 

192

 

200

 

203

 

205

 

195

 

205

 

10

 

5

%

 

10

 

5

%

 

2

 

1

%

 

Benefits, claims, losses and settlement expenses

 

304

 

294

 

196

 

331

 

100

 

304

 

100

 

(204

)

(67

)%

 

(204

)

(67

)%

 

(231

)

(70

)%

 

Amortization of deferred acquisition costs

 

154

 

144

 

240

 

395

 

286

 

154

 

286

 

132

 

86

%

 

132

 

86

%

 

(109

)

(28

)%

 

Interest and debt expense

 

26

 

28

 

27

 

28

 

26

 

26

 

26

 

 

0

%

 

 

0

%

 

(2

)

(7

)%

 

General and administrative expense

 

590

 

572

 

681

 

647

 

585

 

590

 

585

 

(5

)

(1

)%

 

(5

)

(1

)%

 

(62

)

(10

)%

 

Total expenses

 

1,801

 

1,736

 

1,805

 

2,010

 

1,585

 

1,801

 

1,585

 

(216

)

(12

)%

 

(216

)

(12

)%

 

(425

)

(21

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss)

 

190

 

232

 

(176

)

(671

)

133

 

190

 

133

 

(57

)

(30

)%

 

(57

)

(30

)%

 

804

 

#

 

 

Income tax provision (benefit)

 

4

 

27

 

(92

)

(272

)

18

 

4

 

18

 

14

 

#

 

 

14

 

#

 

 

290

 

#

 

 

Net income (loss)

 

186

 

205

 

(84

)

(399

)

115

 

186

 

115

 

(71

)

(38

)%

 

(71

)

(38

)%

 

514

 

#

 

 

Less: Net loss attributable to noncontrolling interest

 

(5

)

(5

)

(14

)

(30

)

(14

)

(5

)

(14

)

(9

)

#

 

 

(9

)

#

 

 

16

 

53

%

 

Net income (loss) attributable to Ameriprise Financial

 

$

191

 

$

210

 

$

(70

)

$

(369

)

$

129

 

$

191

 

$

129

 

$

(62

)

(32

)%

 

$

(62

)

(32

)%

 

$

498

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss) margin (1)

 

9.5

11.8

%

(10.8

)%

(50.1

)%

7.7

%

9.5

%

7.7

%

(1.8

)%

 

 

 

(1.8

)%

 

 

 

57.8

%

 

 

 

Net income (loss) attributable to Ameriprise Financial margin (1)

 

9.6

10.7

%

(4.3

)%

(27.6

)%

7.5

%

9.6

%

7.5

%

(2.1

)%

 

 

 

(2.1

)%

 

 

 

35.1

%

 

 

 

 


(1) See non-GAAP Financial Information.

 

# Variance of 100% or greater.

 

6



 

Ameriprise Financial, Inc.

Consolidated Income Statements

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

418

 

$

401

 

$

398

 

$

389

 

$

406

 

$

418

 

$

406

 

$

(12

)

(3

)%

 

$

(12

)

(3

)%

 

$

17

 

4

%

 

Realized gains (losses)

 

(24

)

(27

)

(317

)

(409

)

3

 

(24

)

3

 

27

 

#

 

 

27

 

#

 

 

412

 

#

 

 

Other (including seed money)

 

7

 

19

 

(19

)

(8

)

11

 

7

 

11

 

4

 

57

%

 

4

 

57

%

 

19

 

#

 

 

Total net investment income

 

$

401

 

$

393

 

$

62

 

$

(28

)

$

420

 

$

401

 

$

420

 

$

19

 

5

%

 

$

19

 

5

%

 

$

448

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue growth: Target 6 - 8%

 

(2.0

)%

(8.6

)%

(22.8

)%

(40.8

)%

(13.7

)%

(2.0

)%

(13.7

)%

(11.7

)%

 

 

 

(11.7

)%

 

 

 

27.1

%

 

 

 

Return on equity

 

10.9

%

11.2

%

7.9

%

(0.5

)%

(1.5

)%

10.9

%

(1.5

)%

(12.4

)%

 

 

 

(12.4

)%

 

 

 

(1.0

)%

 

 

 

Earnings per diluted share growth: Target 12 - 15%

 

20.6

%

14.8

%

(138.6

)%

(256.5

)%

(29.3

)%

20.6

%

(29.3

)%

(49.9

)%

 

 

 

(49.9

)%

 

 

 

227.2

%

 

 

 

Goodwill and intangible assets

 

$

857

 

$

853

 

$

783

 

$

1,391

 

$

1,377

 

$

857

 

$

1,377

 

$

520

 

61

%

 

$

520

 

61

%

 

$

(14

)

(1

)%

 

Dividends paid

 

34

 

34

 

37

 

38

 

37

 

34

 

37

 

3

 

9

%

 

3

 

9

%

 

(1

)

(3

)%

 

Common stock share repurchases

 

$

270

 

$

250

 

$

94

 

$

 

$

 

$

270

 

$

 

$

(270

)

#

 

 

$

(270

)

#

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned, Managed and Administered Assets (in billions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned

 

$

36.8

 

$

36.9

 

$

34.4

 

$

31.7

 

$

29.6

 

$

36.8

 

$

29.6

 

$

(7.2

)

(20

)%

 

$

(7.2

)

(20

)%

 

$

(2.1

)

(7

)%

 

Managed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

External clients

 

285.6

 

281.3

 

241.1

 

209.4

 

196.4

 

285.6

 

196.4

 

(89.2

)

(31

)%

 

(89.2

)

(31

)%

 

(13.0

)

(6

)%

 

Owned

 

60.9

 

59.9

 

57.2

 

55.5

 

56.9

 

60.9

 

56.9

 

(4.0

)

(7

)%

 

(4.0

)

(7

)%

 

1.4

 

3

%

 

Total managed

 

346.5

 

341.2

 

298.3

 

264.9

 

253.3

 

346.5

 

253.3

 

(93.2

)

(27

)%

 

(93.2

)

(27

)%

 

(11.6

)

(4

)%

 

Administered

 

65.8

 

65.6

 

60.8

 

75.5

 

71.1

 

65.8

 

71.1

 

5.3

 

8

%

 

5.3

 

8

%

 

(4.4

)

(6

)%

 

Total OMA assets

 

$

449.1

 

$

443.7

 

$

393.5

 

$

372.1

 

$

354.0

 

$

449.1

 

$

354.0

 

$

(95.1

)

(21

)%

 

$

(95.1

)

(21

)%

 

$

(18.1

)

(5

)%

 

 


# Variance of 100% or greater.

 

7



 

Ameriprise Financial, Inc.

Consolidated, Common Share and Per Share Summary

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.84

 

$

0.94

 

$

(0.32

)

$

(1.69

)

$

0.58

 

$

0.84

 

$

0.58

 

$

(0.26

)

(31

)%

 

$

(0.26

)

(31

)%

 

$

2.27

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per diluted share (1)

 

$

0.82

 

$

0.93

 

$

(0.32

)

$

(1.69

)

$

0.58

 

$

0.82

 

$

0.58

 

$

(0.24

)

(29

)%

 

$

(0.24

)

(29

)%

 

$

2.27

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

227.7

 

223.4

 

218.9

 

216.6

 

216.5

 

227.7

 

216.5

 

(11.2

)

(5

)%

 

(11.2

)

(5

)%

 

(0.1

)

 

 

Repurchases

 

(5.2

)

(5.2

)

(2.3

)

 

 

(5.2

)

 

5.2

 

#

 

 

5.2

 

#

 

 

 

 

 

Issuances

 

1.3

 

0.8

 

0.1

 

0.1

 

3.1

 

1.3

 

3.1

 

1.8

 

#

 

 

1.8

 

#

 

 

3.0

 

#

 

 

Other

 

(0.4

)

(0.1

)

(0.1

)

(0.2

)

(0.5

)

(0.4

)

(0.5

)

(0.1

)

(25

)%

 

(0.1

)

(25

)%

 

(0.3

)

#

 

 

Total common outstanding

 

223.4

 

218.9

 

216.6

 

216.5

 

219.1

 

223.4

 

219.1

 

(4.3

)

(2

)%

 

(4.3

)

(2

)%

 

2.6

 

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total common outstanding

 

223.4

 

218.9

 

216.6

 

216.5

 

219.1

 

223.4

 

219.1

 

(4.3

)

(2

)%

 

(4.3

)

(2

)%

 

2.6

 

1

%

 

Nonforfeitable restricted stock units

 

2.6

 

2.0

 

2.0

 

1.9

 

4.4

 

2.6

 

4.4

 

1.8

 

69

%

 

1.8

 

69

%

 

2.5

 

#

 

 

Total basic common shares

 

226.0

 

220.9

 

218.6

 

218.4

 

223.5

 

226.0

 

223.5

 

(2.5

)

(1

)%

 

(2.5

)

(1

)%

 

5.1

 

2

%

 

Total potentially dilutive

 

2.8

 

2.7

 

2.9

 

2.1

 

0.8

 

2.8

 

0.8

 

(2.0

)

(71

)%

 

(2.0

)

(71

)%

 

(1.3

)

(62

)%

 

Total diluted shares

 

228.8

 

223.6

 

221.5

 

220.5

 

224.3

 

228.8

 

224.3

 

(4.5

)

(2

)%

 

(4.5

)

(2

)%

 

3.8

 

2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

228.4

 

223.2

 

219.1

 

218.5

 

222.3

 

228.4

 

222.3

 

(6.1

)

(3

)%

 

(6.1

)

(3

)%

 

3.8

 

2

%

 

Diluted

 

231.5

 

226.0

 

221.7

 

220.3

 

223.5

 

231.5

 

223.5

 

(8.0

)

(3

)%

 

(8.0

)

(3

)%

 

3.2

 

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Book Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ameriprise Financial shareholders equity - end of period

 

$

7,581

 

$

7,314

 

$

6,717

 

$

6,178

 

$

6,384

 

$

7,581

 

$

6,384

 

$

(1,197

)

(16

)%

 

$

(1,197

)

(16

)%

 

$

206

 

3

%

 

Average equity - 5 point

 

7,696

 

7,613

 

7,436

 

7,120

 

6,835

 

7,696

 

6,835

 

(861

)

(11

)%

 

(861

)

(11

)%

 

(285

)

(4

)%

 

Book Value per Share

 

$

33.54

 

$

33.11

 

$

30.73

 

$

28.29

 

$

28.56

 

$

33.54

 

$

28.56

 

$

(4.98

)

(15

)%

 

$

(4.98

)

(15

)%

 

$

0.27

 

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1) For 3rd Qtr and 4th Qtr of 2008 diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

 

# Variance of 100% or greater.

 

8



 

 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2009

 

 

Advice & Wealth Management Segment

 

9



 

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions, except headcount and where noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

367

 

$

352

 

$

328

 

$

292

 

$

268

 

$

367

 

$

268

 

$

(99

)

(27

)%

 

$

(99

)

(27

)%

 

$

(24

)

(8

)%

 

Distribution fees

 

517

 

508

 

457

 

430

 

431

 

517

 

431

 

(86

)

(17

)%

 

(86

)

(17

)%

 

1

 

 

 

Net investment income

 

79

 

54

 

(46

)

(119

)

59

 

79

 

59

 

(20

)

(25

)%

 

(20

)

(25

)%

 

178

 

#

 

 

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

20

 

19

 

16

 

25

 

17

 

20

 

17

 

(3

)

(15

)%

 

(3

)

(15

)%

 

(8

)

(32

)%

 

Total revenues

 

983

 

933

 

755

 

628

 

775

 

983

 

775

 

(208

)

(21

)%

 

(208

)

(21

)%

 

147

 

23

%

 

Banking and deposit interest expense

 

47

 

42

 

43

 

46

 

41

 

47

 

41

 

(6

)

(13

)%

 

(6

)

(13

)%

 

(5

)

(11

)%

 

Total net revenues

 

936

 

891

 

712

 

582

 

734

 

936

 

734

 

(202

)

(22

)%

 

(202

)

(22

)%

 

152

 

26

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

585

 

564

 

515

 

450

 

461

 

585

 

461

 

(124

)

(21

)%

 

(124

)

(21

)%

 

11

 

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

 

287

 

276

 

274

 

319

 

329

 

287

 

329

 

42

 

15

%

 

42

 

15

%

 

10

 

3

%

 

Total expenses

 

872

 

840

 

789

 

769

 

790

 

872

 

790

 

(82

)

(9

)%

 

(82

)

(9

)%

 

21

 

3

%

 

Pretax segment income (loss)

 

$

64

 

$

51

 

$

(77

)

$

(187

)

$

(56

)

$

64

 

$

(56

)

$

(120

)

#

 

 

$

(120

)

#

 

 

$

131

 

70

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) margin (1)

 

6.8

%

5.7

%

(10.8

)%

(32.1

)%

(7.6

)%

6.8

%

(7.6

)%

(14.4

)%

 

 

 

(14.4

)%

 

 

 

24.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

62

 

$

59

 

$

64

 

$

65

 

$

65

 

$

62

 

$

65

 

$

3

 

5

%

 

$

3

 

5

%

 

$

 

 

 

Realized gains (losses)

 

 

(21

)

(118

)

(194

)

(15

)

 

(15

)

(15

)

 

 

(15

)

 

 

179

 

92

%

 

Other (including seed money)

 

17

 

16

 

8

 

10

 

9

 

17

 

9

 

(8

)

(47

)%

 

(8

)

(47

)%

 

(1

)

(10

)%

 

Total net investment income

 

$

79

 

$

54

 

$

(46

)

$

(119

)

$

59

 

$

79

 

$

59

 

$

(20

)

(25

)%

 

$

(20

)

(25

)%

 

$

178

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

928

 

$

962

 

$

989

 

$

879

 

$

833

 

$

928

 

$

833

 

$

(95

)

(10

)%

 

$

(95

)

(10

)%

 

$

(46

)

(5

)%

 

Pretax return on allocated equity (1)

 

31.1

%

25.8

%

7.6

%

(15.9

)%

(29.3

)%

31.1

%

(29.3

)%

(60.4

)%

 

 

 

(60.4

)%

 

 

 

(13.4

)%

 

 

 

On-balance sheet deposits

 

$

6,183

 

$

6,269

 

$

7,681

 

$

8,190

 

$

8,416

 

$

6,183

 

$

8,416

 

$

2,233

 

36

%

 

$

2,233

 

36

%

 

$

226

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Branded financial plan net cash sales

 

$

53

 

$

54

 

$

48

 

$

56

 

$

49

 

$

53

 

$

49

 

$

(4

)

(8

)%

 

$

(4

)

(8

)%

 

$

(7

)

(13

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1) See non-GAAP Financial Information.

 

# Variance of 100% or greater.

 

10



 

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions, except headcount and where noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Financial Advisors

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee advisors

 

2,193

 

2,056

 

1,967

 

2,823

 

2,816

 

2,193

 

2,816

 

623

 

28

%

 

623

 

28

%

 

(7

)

 

 

Franchisee advisors

 

7,809

 

7,846

 

7,830

 

7,746

 

7,737

 

7,809

 

7,737

 

(72

)

(1

)%

 

(72

)

(1

)%

 

(9

)

 

 

Total branded financial advisors

 

10,002

 

9,902

 

9,797

 

10,569

 

10,553

 

10,002

 

10,553

 

551

 

6

%

 

551

 

6

%

 

(16

)

 

 

SAI independent advisors

 

1,607

 

1,619

 

1,636

 

1,917

 

1,913

 

1,607

 

1,913

 

306

 

19

%

 

306

 

19

%

 

(4

)

 

 

Total financial advisors

 

11,609

 

11,521

 

11,433

 

12,486

 

12,466

 

11,609

 

12,466

 

857

 

7

%

 

857

 

7

%

 

(20

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

81

 

$

77

 

$

62

 

$

47

 

$

59

 

$

81

 

$

59

 

$

(22

)

(27

)%

 

$

(22

)

(27

)%

 

$

12

 

26

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisor Retention

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee

 

60.8

62.0

%

62.8

%

68.2

%

72.3

%

60.8

%

72.3

%

11.5

%

 

 

 

11.5

%

 

 

 

4.1

%

 

 

 

Franchisee

 

93.7

93.7

%

93.3

%

92.2

%

92.5

%

93.7

%

92.5

%

(1.2

)%

 

 

 

(1.2

)%

 

 

 

0.3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates and Banking - Combined

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss)

 

$

(5

)

$

(24

)

$

(112

)

$

(192

)

$

(5

)

$

(5

)

$

(5

)

$

 

 

 

$

 

 

 

$

187

 

97

%

 

Allocated equity

 

$

376

 

$

393

 

$

416

 

$

395

 

$

528

 

$

376

 

$

528

 

$

152

 

40

%

 

$

152

 

40

%

 

$

133

 

34

%

 

Pretax return on allocated equity

 

(3.1

)%

(8.9

)%

(38.7

)%

(85.5

)%

(79.0

)%

(3.1

)%

(79.0

)%

(75.9

)%

 

 

 

(75.9

)%

 

 

 

6.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management & Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

69

 

$

75

 

$

35

 

$

5

 

$

(51

)

$

69

 

$

(51

)

$

(120

)

#

 

 

$

(120

)

#

 

 

$

(56

)

#

 

 

Allocated equity

 

$

552

 

$

569

 

$

573

 

$

484

 

$

305

 

$

552

 

$

305

 

$

(247

)

(45

)%

 

$

(247

)

(45

)%

 

$

(179

)

(37

)%

 

Pretax return on allocated equity

 

54.6

%

49.2

%

39.1

%

33.6

%

12.9

%

54.6

%

12.9

%

(41.7

)%

 

 

 

(41.7

)%

 

 

 

(20.7

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Client Assets (at period end) (2)

 

$

275,958

 

$

275,473

 

$

253,431

 

$

241,363

 

$

231,298

 

$

275,958

 

$

231,298

 

$

(44,660

)

(16

)%

 

$

(44,660

)

(16

)%

 

$

(10,065

)

(4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Wrap Accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

$

93,851

 

$

89,603

 

$

91,446

 

$

84,086

 

$

72,781

 

$

93,851

 

$

72,781

 

$

(21,070

)

(22

)%

 

$

(21,070

)

(22

)%

 

$

(11,305

)

(13

)%

 

Net flows

 

1,380

 

2,833

 

657

 

(1,121

)

1,302

 

1,380

 

1,302

 

(78

)

(6

)%

 

(78

)

(6

)%

 

2,423

 

#

 

 

Market appreciation (depreciation) and other

 

(5,628

)

(990

)

(8,017

)

(10,184

)

(5,902

)

(5,628

)

(5,902

)

(274

)

(5

)%

 

(274

)

(5

)%

 

4,282

 

42

%

 

Total wrap ending assets

 

$

89,603

 

$

91,446

 

$

84,086

 

$

72,781

 

$

68,181

 

$

89,603

 

$

68,181

 

$

(21,422

)

(24

)%

 

$

(21,422

)

(24

)%

 

$

(4,600

)

(6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S&P 500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Daily average

 

1,349

 

1,371

 

1,255

 

910

 

811

 

1,349

 

811

 

(538

)

(40

)%

 

(538

)

(40

)%

 

(99

)

(11

)%

 

Period end

 

1,323

 

1,280

 

1,166

 

903

 

798

 

1,323

 

798

 

(525

)

(40

)%

 

(525

)

(40

)%

 

(105

)

(12

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1) Year-to-date is sum of current and prior quarters for the year under review.

 

(2) During the 4th Qtr of 2008, $ 24.1 B of assets were acquired due to the acquisition of HR Block.

 

# Variance of 100% or greater.

 

11



 

 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2009

 

 

Asset Management Segment

 

12



 

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

296

 

$

295

 

$

268

 

$

218

 

$

209

 

$

296

 

$

209

 

$

(87

)

(29

)%

 

$

(87

)

(29

)%

 

$

(9

)

(4

)%

 

Distribution fees

 

70

 

70

 

58

 

49

 

47

 

70

 

47

 

(23

)

(33

)%

 

(23

)

(33

)%

 

(2

)

(4

)%

 

Net investment income

 

(4

)

7

 

(9

)

(7

)

(1

)

(4

)

(1

)

3

 

75

%

 

3

 

75

%

 

6

 

86

%

 

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

(5

)

(7

)

(10

)

7

 

(6

)

(5

)

(6

)

(1

)

(20

)%

 

(1

)

(20

)%

 

(13

)

#

 

 

Total revenues

 

357

 

365

 

307

 

267

 

249

 

357

 

249

 

(108

)

(30

)%

 

(108

)

(30

)%

 

(18

)

(7

)%

 

Banking and deposit interest expense

 

2

 

1

 

2

 

2

 

1

 

2

 

1

 

(1

)

(50

)%

 

(1

)

(50

)%

 

(1

)

(50

)%

 

Total net revenues

 

355

 

364

 

305

 

265

 

248

 

355

 

248

 

(107

)

(30

)%

 

(107

)

(30

)%

 

(17

)

(6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

118

 

111

 

101

 

87

 

82

 

118

 

82

 

(36

)

(31

)%

 

(36

)

(31

)%

 

(5

)

(6

)%

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

8

 

5

 

6

 

5

 

6

 

8

 

6

 

(2

)

(25

)%

 

(2

)

(25

)%

 

1

 

20

%

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

216

 

211

 

197

 

201

 

182

 

216

 

182

 

(34

)

(16

)%

 

(34

)

(16

)%

 

(19

)

(9

)%

 

Total expenses

 

342

 

327

 

304

 

293

 

270

 

342

 

270

 

(72

)

(21

)%

 

(72

)

(21

)%

 

(23

)

(8

)%

 

Pretax segment income (loss)

 

13

 

37

 

1

 

(28

)

(22

)

13

 

(22

)

(35

)

#

 

 

(35

)

#

 

 

6

 

21

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: Net loss attributable to noncontrolling interest

 

(5

)

(5

)

(14

)

(30

)

(14

)

(5

)

(14

)

(9

)

#

 

 

(9

)

#

 

 

16

 

53

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) excluding net income (loss) attributable to noncontrolling interest

 

$

18

 

$

42

 

$

15

 

$

2

 

$

(8

)

$

18

 

$

(8

)

$

(26

)

#

 

 

$

(26

)

#

 

 

$

(10

)

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) margin (1), (2)

 

5.1

%

11.5

%

4.9

%

0.8

%

(3.2

)%

5.1

%

(3.2

)%

(8.3

)%

 

 

 

(8.3

)%

 

 

 

(4.0

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

847

 

$

817

 

$

779

 

$

1,184

 

$

1,039

 

$

847

 

$

1,039

 

$

192

 

23

%

 

$

192

 

23

%

 

$

(145

)

(12

)%

 

Pretax return on allocated equity (1),(2)

 

32.3

%

28.1

%

21.9

%

8.5

%

5.5

%

32.3

%

5.5

%

(26.8

)%

 

 

 

(26.8

)%

 

 

 

(3.0

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Managed Assets Reconciliations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic managed assets

 

$

147,022

 

$

143,203

 

$

128,740

 

$

127,948

 

$

125,201

 

$

147,022

 

$

125,201

 

$

(21,821

)

(15

)%

 

$

(21,821

)

(15

)%

 

$

(2,747

)

(2

)%

 

International managed assets

 

124,267

 

120,906

 

97,882

 

74,247

 

68,340

 

124,267

 

68,340

 

(55,927

)

(45

)%

 

(55,927

)

(45

)%

 

(5,907

)

(8

)%

 

Less: Domestic assets sub-advised by Threadneedle

 

(4,912

)

(4,925

)

(3,203

)

(2,629

)

(2,391

)

(4,912

)

(2,391

)

2,521

 

51

%

 

2,521

 

51

%

 

238

 

9

%

 

Total managed assets

 

$

266,377

 

$

259,184

 

$

223,419

 

$

199,566

 

$

191,150

 

$

266,377

 

$

191,150

 

$

(75,227

)

(28

)%

 

$

(75,227

)

(28

)%

 

$

(8,416

)

(4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Managed assets - external clients

 

$

205,504

 

$

199,273

 

$

166,227

 

$

144,024

 

$

134,286

 

$

205,504

 

$

134,286

 

$

(71,218

)

(35

)%

 

$

(71,218

)

(35

)%

 

$

(9,738

)

(7

)%

 

Managed assets - owned

 

60,873

 

59,911

 

57,192

 

55,542

 

56,864

 

60,873

 

56,864

 

(4,009

)

(7

)%

 

(4,009

)

(7

)%

 

1,322

 

2

%

 

Total managed assets

 

$

266,377

 

$

259,184

 

$

223,419

 

$

199,566

 

$

191,150

 

$

266,377

 

$

191,150

 

$

(75,227

)

(28

)%

 

$

(75,227

)

(28

)%

 

$

(8,416

)

(4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Managed Assets by Type

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

$

109,936

 

$

105,586

 

$

84,315

 

$

72,213

 

$

65,609

 

$

109,936

 

$

65,609

 

$

(44,327

)

(40

)%

 

$

(44,327

)

(40

)%

 

$

(6,604

)

(9

)%

 

Fixed income

 

115,762

 

112,918

 

104,118

 

92,257

 

94,740

 

115,762

 

94,740

 

(21,022

)

(18

)%

 

(21,022

)

(18

)%

 

2,483

 

3

%

 

Money market

 

13,147

 

13,866

 

11,888

 

14,926

 

11,862

 

13,147

 

11,862

 

(1,285

)

(10

)%

 

(1,285

)

(10

)%

 

(3,064

)

(21

)%

 

Alternative

 

11,000

 

10,322

 

8,440

 

9,535

 

9,338

 

11,000

 

9,338

 

(1,662

)

(15

)%

 

(1,662

)

(15

)%

 

(197

)

(2

)%

 

Hybrid and other

 

16,532

 

16,492

 

14,658

 

10,635

 

9,601

 

16,532

 

9,601

 

(6,931

)

(42

)%

 

(6,931

)

(42

)%

 

(1,034

)

(10

)%

 

Total managed assets by type

 

$

266,377

 

$

259,184

 

$

223,419

 

$

199,566

 

$

191,150

 

$

266,377

 

$

191,150

 

$

(75,227

)

(28

)%

 

$

(75,227

)

(28

)%

 

$

(8,416

)

(4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1) See non-GAAP Financial Information.

 

(2) Calculation excludes net income (loss) attributable to noncontrolling interest.

 

# Variance of 100% or greater.

 

13



 

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2009

 

 

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

Mutual Fund Performance

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

Equal Weighted Mutual Fund Rankings in top 2 Lipper Quartiles

 

 

 

 

 

 

 

 

 

 

 

Equity - 12 month

 

41%

 

34%

 

29%

 

33%

 

35%

 

Fixed income - 12 month

 

30%

 

24%

 

48%

 

70%

 

77%

 

Equity - 3 year

 

73%

 

73%

 

54%

 

50%

 

44%

 

Fixed income - 3 year

 

50%

 

71%

 

50%

 

75%

 

71%

 

Equity - 5 year

 

44%

 

47%

 

58%

 

53%

 

51%

 

Fixed income - 5 year

 

27%

 

46%

 

54%

 

66%

 

72%

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Weighted Mutual Fund Rankings in top 2 Lipper Quartiles

 

 

 

 

 

 

 

 

 

 

 

Equity - 12 month

 

53%

 

29%

 

16%

 

26%

 

31%

 

Fixed income - 12 month

 

  9%

 

20%

 

33%

 

39%

 

62%

 

Equity - 3 year

 

70%

 

72%

 

33%

 

40%

 

39%

 

Fixed income - 3 year

 

60%

 

61%

 

51%

 

40%

 

40%

 

Equity - 5 year

 

57%

 

60%

 

68%

 

70%

 

63%

 

Fixed income - 5 year

 

17%

 

46%

 

48%

 

37%

 

63%

 

 

 

 

 

 

 

 

 

 

 

 

 

International

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Equity - 12 month

 

90%

 

90%

 

76%

 

83%

 

93%

 

Fixed income - 12 month

 

55%

 

60%

 

64%

 

45%

 

64%

 

Equity - 3 year

 

86%

 

86%

 

79%

 

90%

 

93%

 

Fixed income - 3 year

 

60%

 

60%

 

80%

 

64%

 

73%

 

Equity - 5 year

 

64%

 

69%

 

70%

 

89%

 

93%

 

Fixed income - 5 year

 

40%

 

40%

 

40%

 

50%

 

70%

 

 

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 - Domestic

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Domestic Managed Assets Rollforward (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

$

86,864

 

$

80,232

 

$

78,281

 

$

70,214

 

$

63,970

 

$

86,864

 

$

63,970

 

$

(22,894

)

(26

)%

 

$

(22,894

)

(26

)%

 

$

(6,244

)

(9

)%

 

Net flows

 

(636

)

(1,169

)

(1,415

)

(2,179

)

(1,258

)

(636

)

(1,258

)

(622

)

(98

)%

 

(622

)

(98

)%

 

921

 

42

%

 

Market appreciation (depreciation) and other

 

(5,996

)

(782

)

(6,652

)

(4,065

)

(2,880

)

(5,996

)

(2,880

)

3,116

 

52

%

 

3,116

 

52

%

 

1,185

 

29

%

 

Total ending assets

 

80,232

 

78,281

 

70,214

 

63,970

 

59,832

 

80,232

 

59,832

 

(20,400

)

(25

)%

 

(20,400

)

(25

)%

 

(4,138

)

(6

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Institutional

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

53,235

 

50,932

 

49,442

 

43,129

 

46,293

 

53,235

 

46,293

 

(6,942

)

(13

)%

 

(6,942

)

(13

)%

 

3,164

 

7

%

 

Net flows

 

(1,706

)

(887

)

(4,106

)

482

 

1,881

 

(1,706

)

1,881

 

3,587

 

#

 

 

3,587

 

#

 

 

1,399

 

#

 

 

Market appreciation (depreciation) and other

 

(597

)

(603

)

(2,207

)

2,682

 

(220

)

(597

)

(220

)

377

 

63

%

 

377

 

63

%

 

(2,902

)

#

 

 

Total ending assets

 

50,932

 

49,442

 

43,129

 

46,293

 

47,954

 

50,932

 

47,954

 

(2,978

)

(6

)%

 

(2,978

)

(6

)%

 

1,661

 

4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alternative

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

8,085

 

7,293

 

7,194

 

7,065

 

9,378

 

8,085

 

9,378

 

1,293

 

16

%

 

1,293

 

16

%

 

2,313

 

33

%

 

Net flows

 

(483

)

(101

)

(127

)

(523

)

(623

)

(483

)

(623

)

(140

)

(29

)%

 

(140

)

(29

)%

 

(100

)

(19

)%

 

Market appreciation (depreciation) and other

 

(309

)

2

 

(2

)

2,836

 

293

 

(309

)

293

 

602

 

#

 

 

602

 

#

 

 

(2,543

)

(90

)%

 

Total ending assets

 

7,293

 

7,194

 

7,065

 

9,378

 

9,048

 

7,293

 

9,048

 

1,755

 

24

%

 

1,755

 

24

%

 

(330

)

(4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trust

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

8,804

 

8,911

 

8,530

 

8,547

 

8,482

 

8,804

 

8,482

 

(322

)

(4

)%

 

(322

)

(4

)%

 

(65

)

(1

)%

 

Net flows

 

204

 

(436

)

59

 

120

 

54

 

204

 

54

 

(150

)

(74

)%

 

(150

)

(74

)%

 

(66

)

(55

)%

 

Market appreciation (depreciation) and other

 

(97

)

55

 

(42

)

(185

)

(17

)

(97

)

(17

)

80

 

82

%

 

80

 

82

%

 

168

 

91

%

 

Total ending assets

 

8,911

 

8,530

 

8,547

 

8,482

 

8,519

 

8,911

 

8,519

 

(392

)

(4

)%

 

(392

)

(4

)%

 

37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other and Eliminations

 

(346

)

(244

)

(215

)

(175

)

(152

)

(346

)

(152

)

194

 

56

%

 

194

 

56

%

 

23

 

13

%

 

Total Domestic managed assets

 

$

147,022

 

$

143,203

 

$

128,740

 

$

127,948

 

$

125,201

 

$

147,022

 

$

125,201

 

$

(21,821

)

(15

)%

 

$

(21,821

)

(15

)%

 

$

(2,747

)

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Domestic net flows

 

$

(2,621

)

$

(2,593

)

$

(5,589

)

$

(2,100

)

$

54

 

$

(2,621

)

$

54

 

$

2,675

 

#

 

 

$

2,675

 

#

 

 

$

2,154

 

#

 

 

 


(1)

 

Included in Market appreciation (depreciation) and other, for the 4th Qtr of 2008, were $ 12.8 B of assets due to the acquisition of J. & W. Seligman & Co. Balances included $6.7 B of Retail Funds, $3.2 B of Institutional and $2.9 B of Alternative.

 

 

 

#

 

Variance of 100% or greater.

 

15



 

Ameriprise Financial, Inc.

Asset Management Segment - International

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

International Managed Assets Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

$

30,822

 

$

28,154

 

$

27,868

 

$

21,758

 

$

16,361

 

$

30,822

 

$

16,361

 

$

(14,461

)

(47

)%

 

$

(14,461

)

(47

)%

 

$

(5,397

)

(25

)%

 

Net flows

 

(253

)

72

 

(1,032

)

(714

)

642

 

(253

)

642

 

895

 

#

 

 

895

 

#

 

 

1,356

 

#

 

 

Market appreciation (depreciation)

 

(2,489

)

(483

)

(2,345

)

(1,101

)

(1,054

)

(2,489

)

(1,054

)

1,435

 

58

%

 

1,435

 

58

%

 

47

 

4

%

 

Foreign currency translation (1)

 

(16

)

104

 

(2,832

)

(3,605

)

(330

)

(16

)

(330

)

(314

)

#

 

 

(314

)

#

 

 

3,275

 

91

%

 

Other

 

90

 

21

 

99

 

23

 

32

 

90

 

32

 

(58

)

(64

)%

 

(58

)

(64

)%

 

9

 

39

%

 

Total ending assets

 

28,154

 

27,868

 

21,758

 

16,361

 

15,651

 

28,154

 

15,651

 

(12,503

)

(44

)%

 

(12,503

)

(44

)%

 

(710

)

(4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Institutional

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

100,057

 

92,433

 

89,937

 

74,856

 

55,342

 

100,057

 

55,342

 

(44,715

)

(45

)%

 

(44,715

)

(45

)%

 

(19,514

)

(26

)%

 

Net flows

 

(2,560

)

(1,838

)

(1,580

)

(7,267

)

(1,277

)

(2,560

)

(1,277

)

1,283

 

50

%

 

1,283

 

50

%

 

5,990

 

82

%

 

Market appreciation (depreciation)

 

(5,744

)

(1,956

)

(4,825

)

(1,027

)

(3,148

)

(5,744

)

(3,148

)

2,596

 

45

%

 

2,596

 

45

%

 

(2,121

)

#

 

 

Foreign currency translation (1)

 

(53

)

331

 

(9,377

)

(12,639

)

(1,110

)

(53

)

(1,110

)

(1,057

)

#

 

 

(1,057

)

#

 

 

11,529

 

91

%

 

Other

 

733

 

967

 

701

 

1,419

 

372

 

733

 

372

 

(361

)

(49

)%

 

(361

)

(49

)%

 

(1,047

)

(74

)%

 

Total ending assets

 

92,433

 

89,937

 

74,856

 

55,342

 

50,179

 

92,433

 

50,179

 

(42,254

)

(46

)%

 

(42,254

)

(46

)%

 

(5,163

)

(9

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alternative

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning assets

 

3,479

 

3,680

 

3,101

 

1,268

 

2,544

 

3,479

 

2,544

 

(935

)

(27

)%

 

(935

)

(27

)%

 

1,276

 

#

 

 

Net flows

 

265

 

(713

)

(1,546

)

1,345

 

313

 

265

 

313

 

48

 

18

%

 

48

 

18

%

 

(1,032

)

(77

)%

 

Market appreciation (depreciation)

 

(71

)

117

 

(3

)

138

 

(295

)

(71

)

(295

)

(224

)

#

 

 

(224

)

#

 

 

(433

)

#

 

 

Foreign currency translation (1)

 

(3

)

11

 

(290

)

(207

)

(52

)

(3

)

(52

)

(49

)

#

 

 

(49

)

#

 

 

155

 

75

%

 

Other

 

10

 

6

 

6

 

 

 

10

 

 

(10

)

#

 

 

(10

)

#

 

 

 

 

 

Total ending assets

 

3,680

 

3,101

 

1,268

 

2,544

 

2,510

 

3,680

 

2,510

 

(1,170

)

(32

)%

 

(1,170

)

(32

)%

 

(34

)

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total International managed assets

 

$

124,267

 

$

120,906

 

$

97,882

 

$

74,247

 

$

68,340

 

$

124,267

 

$

68,340

 

$

(55,927

)

(45

)%

 

$

(55,927

)

(45

)%

 

$

(5,907

)

(8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total International net flows

 

$

(2,548

)

$

(2,479

)

$

(4,158

)

$

(6,636

)

$

(322

)

$

(2,548

)

$

(322

)

$

2,226

 

87

%

 

$

2,226

 

87

%

 

$

6,314

 

95

%

 

 


(1)

 

Amounts represent British Pound to US dollar conversion.

 

 

 

#

 

Variance of 100% or greater.

 

16


 


 

 

 

Statistical Supplement Package

(unaudited)

 

 

First Quarter 2009

 

 

Annuities Segment

 

17



 

Ameriprise Financial, Inc.

Annuities Segment

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

126

 

$

130

 

$

124

 

$

98

 

$

90

 

$

126

 

$

90

 

$

(36

)

(29

)%

 

$

(36

)

(29

)%

 

$

(8

)

(8

)%

 

Distribution fees

 

70

 

72

 

71

 

62

 

57

 

70

 

57

 

(13

)

(19

)%

 

(13

)

(19

)%

 

(5

)

(8

)%

 

Net investment income

 

237

 

237

 

86

 

92

 

284

 

237

 

284

 

47

 

20

%

 

47

 

20

%

 

192

 

#

 

 

Premiums

 

18

 

21

 

21

 

25

 

24

 

18

 

24

 

6

 

33

%

 

6

 

33

%

 

(1

)

(4

)%

 

Other revenues

 

27

 

34

 

34

 

33

 

32

 

27

 

32

 

5

 

19

%

 

5

 

19

%

 

(1

)

(3

)%

 

Total revenues

 

478

 

494

 

336

 

310

 

487

 

478

 

487

 

9

 

2

%

 

9

 

2

%

 

177

 

57

%

 

Banking and deposit interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

478

 

494

 

336

 

310

 

487

 

478

 

487

 

9

 

2

%

 

9

 

2

%

 

177

 

57

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

45

 

47

 

50

 

65

 

56

 

45

 

56

 

11

 

24

%

 

11

 

24

%

 

(9

)

(14

)%

 

Interest credited to fixed accounts

 

160

 

156

 

163

 

167

 

169

 

160

 

169

 

9

 

6

%

 

9

 

6

%

 

2

 

1

%

 

Benefits, claims, losses and settlement expenses

 

78

 

69

 

9

 

113

 

(129

)

78

 

(129

)

(207

)

#

 

 

(207

)

#

 

 

(242

)

#

 

 

Amortization of deferred acquisition costs

 

94

 

91

 

96

 

295

 

219

 

94

 

219

 

125

 

#

 

 

125

 

#

 

 

(76

)

(26

)%

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

59

 

54

 

52

 

42

 

48

 

59

 

48

 

(11

)

(19

)%

 

(11

)

(19

)%

 

6

 

14

%

 

Total expenses

 

436

 

417

 

370

 

682

 

363

 

436

 

363

 

(73

)

(17

)%

 

(73

)

(17

)%

 

(319

)

(47

)%

 

Pretax segment income (loss)

 

$

42

 

$

77

 

$

(34

)

$

(372

)

$

124

 

$

42

 

$

124

 

$

82

 

#

 

 

$

82

 

#

 

 

$

496

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) margin (1)

 

8.8

%

15.6

%

(10.1

)%

(120.0

)%

25.5

%

8.8

%

25.5

%

16.7

%

 

 

 

16.7

%

 

 

 

145.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

253

 

$

245

 

$

244

 

$

243

 

$

260

 

$

253

 

$

260

 

$

7

 

3

%

 

$

7

 

3

%

 

$

17

 

7

%

 

Realized gains (losses)

 

(20

)

(5

)

(156

)

(169

)

14

 

(20

)

14

 

34

 

#

 

 

34

 

#

 

 

183

 

#

 

 

Other (including seed money)

 

4

 

(3

)

(2

)

18

 

10

 

4

 

10

 

6

 

#

 

 

6

 

#

 

 

(8

)

(44

)%

 

Total net investment income

 

$

237

 

$

237

 

$

86

 

$

92

 

$

284

 

$

237

 

$

284

 

$

47

 

20

%

 

$

47

 

20

%

 

$

192

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

2,005

 

$

1,961

 

$

2,228

 

$

2,754

 

$

2,774

 

$

2,005

 

$

2,774

 

$

769

 

38

%

 

$

769

 

38

%

 

$

20

 

1

%

 

Pretax return on allocated equity (1)

 

16.3

%

16.3

%

10.2

%

(13.0

)%

(8.7

)%

16.3

%

(8.7

)%

(25.0

)%

 

 

 

(25.0

)%

 

 

 

4.3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net variable annuity living benefits market impact (2), (3)

 

$

(15

)

$

19

 

$

27

 

$

82

 

$

267

 

$

(15

)

$

267

 

$

282

 

#

 

 

$

282

 

#

 

 

$

185

 

#

 

 

Total annuity net flows

 

$

304

 

$

428

 

$

384

 

$

951

 

$

1,779

 

$

304

 

$

1,779

 

$

1,475

 

#

 

 

$

1,475

 

#

 

 

$

828

 

87

%

 

 


(1)

See non-GAAP Financial Information.

 

 

(2)

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

 

 

(3)

Q3 2008 includes loss on derivatives related to Lehman Brothers bankruptcy.

 

 

#

Variance of 100% or greater.

 

18



 

Ameriprise Financial, Inc.

Annuities Segment

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Product Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable Annuities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss)

 

$

20

 

$

57

 

$

82

 

$

(257

)

$

82

 

$

20

 

$

82

 

$

62

 

#

 

 

$

62

 

#

 

 

$

339

 

#

 

 

Allocated equity

 

$

914

 

$

900

 

$

1,139

 

$

1,315

 

$

1,099

 

$

914

 

$

1,099

 

$

185

 

20

%

 

$

185

 

20

%

 

$

(216

)

(16

)%

 

Pretax return on allocated equity

 

16.1

%

18.0

%

22.0

%

(9.4

)%

(3.4

)%

16.1

%

(3.4

)%

(19.5

)%

 

 

 

(19.5

)%

 

 

 

6.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Annuities (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss)

 

$

22

 

$

20

 

$

(116

)

$

(115

)

$

42

 

$

22

 

$

42

 

$

20

 

91

%

 

$

20

 

91

%

 

$

157

 

#

 

 

Allocated equity

 

$

1,091

 

$

1,061

 

$

1,089

 

$

1,439

 

$

1,675

 

$

1,091

 

$

1,675

 

$

584

 

54

%

 

$

584

 

54

%

 

$

236

 

16

%

 

Pretax return on allocated equity

 

16.4

%

15.0

%

0.2

%

(16.1

)%

(13.3

)%

16.4

%

(13.3

)%

(29.7

)%

 

 

 

(29.7

)%

 

 

 

2.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable Annuities Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

57,182

 

$

54,444

 

$

54,742

 

$

50,300

 

$

43,280

 

$

57,182

 

$

43,280

 

$

(13,902

)

(24

)%

 

$

(13,902

)

(24

)%

 

$

(7,020

)

(14

)%

 

Deposits

 

2,129

 

2,077

 

1,729

 

1,567

 

1,322

 

2,129

 

1,322

 

(807

)

(38

)%

 

(807

)

(38

)%

 

(245

)

(16

)%

 

Withdrawals and terminations

 

(1,278

)

(1,266

)

(1,161

)

(1,058

)

(994

)

(1,278

)

(994

)

284

 

22

%

 

284

 

22

%

 

64

 

6

%

 

Net flows

 

851

 

811

 

568

 

509

 

328

 

851

 

328

 

(523

)

(61

)%

 

(523

)

(61

)%

 

(181

)

(36

)%

 

Investment performance and interest credited

 

(3,577

)

(531

)

(5,006

)

(7,528

)

(2,137

)

(3,577

)

(2,137

)

1,440

 

40

%

 

1,440

 

40

%

 

5,391

 

72

%

 

Other

 

(12

)

18

 

(4

)

(1

)

(3

)

(12

)

(3

)

9

 

75

%

 

9

 

75

%

 

(2

)

#

 

 

Total ending balance - contract accumulation values

 

$

54,444

 

$

54,742

 

$

50,300

 

$

43,280

 

$

41,468

 

$

54,444

 

$

41,468

 

$

(12,976

)

(24

)%

 

$

(12,976

)

(24

)%

 

$

(1,812

)

(4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable annuities fixed sub-accounts

 

$

5,389

 

$

5,366

 

$

5,496

 

$

5,623

 

$

5,919

 

$

5,389

 

$

5,919

 

$

530

 

10

%

 

$

530

 

10

%

 

$

296

 

5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Annuities Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

12,463

 

$

12,020

 

$

11,759

 

$

11,682

 

$

12,228

 

$

12,463

 

$

12,228

 

$

(235

)

(2

)%

 

$

(235

)

(2

)%

 

$

546

 

5

%

 

Deposits

 

79

 

208

 

378

 

999

 

2,097

 

79

 

2,097

 

2,018

 

#

 

 

2,018

 

#

 

 

1,098

 

#

 

 

Withdrawals and terminations

 

(626

)

(591

)

(562

)

(557

)

(646

)

(626

)

(646

)

(20

)

(3

)%

 

(20

)

(3

)%

 

(89

)

(16

)%

 

Net flows

 

(547

)

(383

)

(184

)

442

 

1,451

 

(547

)

1,451

 

1,998

 

#

 

 

1,998

 

#

 

 

1,009

 

#

 

 

Policyholder interest credited

 

92

 

102

 

103

 

107

 

126

 

92

 

126

 

34

 

37

%

 

34

 

37

%

 

19

 

18

%

 

Other

 

12

 

20

 

4

 

(3

)

 

12

 

 

(12

)

#

 

 

(12

)

#

 

 

3

 

#

 

 

Total ending balance - contract accumulation values

 

$

12,020

 

$

11,759

 

$

11,682

 

$

12,228

 

$

13,805

 

$

12,020

 

$

13,805

 

$

1,785

 

15

%

 

$

1,785

 

15

%

 

$

1,577

 

13

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized Interest

 

$

2

 

$

2

 

$

2

 

$

5

 

$

10

 

$

2

 

$

10

 

$

8

 

#

 

 

$

8

 

#

 

 

$

5

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payout Annuities Reserve Balance

 

$

2,199

 

$

2,139

 

$

2,121

 

$

2,105

 

$

2,082

 

$

2,199

 

$

2,082

 

$

(117

)

(5

)%

 

$

(117

)

(5

)%

 

$

(23

)

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Equivalent Spread - Fixed Annuities (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross rate of return on invested assets

 

5.4

%

5.4

%

5.3

%

5.2

%

5.5

%

5.4

%

5.5

%

0.1

%

 

 

 

0.1

%

 

 

 

0.3

%

 

 

 

Crediting rate excluding capitalized interest

 

(3.7

)%

(3.7

)%

(3.7

)%

(3.8

)%

(3.8

)%

(3.7

)%

(3.8

)%

(0.1

)%

 

 

 

(0.1

)%

 

 

 

 

 

 

 

Tax equivalent margin spread

 

1.7

%

1.7

%

1.6

%

1.4

%

1.7

%

1.7

%

1.7

%

 

 

 

 

 

 

 

 

0.3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Variable Annuities DAC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

2,086

 

$

2,145

 

$

2,186

 

$

2,176

 

$

2,063

 

$

2,086

 

$

2,063

 

$

(23

)

(1

)%

 

$

(23

)

(1

)%

 

$

(113

)

(5

)%

 

Capitalization

 

103

 

97

 

83

 

60

 

61

 

103

 

61

 

(42

)

(41

)%

 

(42

)

(41

)%

 

1

 

2

%

 

Amortization per income statement

 

(79

)

(77

)

(77

)

(291

)

(207

)

(79

)

(207

)

(128

)

#

 

 

(128

)

#

 

 

84

 

29

%

 

Cumulative effect of accounting change (3)

 

36

 

 

 

 

 

36

 

 

(36

)

#

 

 

(36

)

#

 

 

 

 

 

Other (FAS 115)

 

(1

)

21

 

(16

)

118

 

(23

)

(1

)

(23

)

(22

)

#

 

 

(22

)

#

 

 

(141

)

#

 

 

Total ending balance

 

$

2,145

 

$

2,186

 

$

2,176

 

$

2,063

 

$

1,894

 

$

2,145

 

$

1,894

 

$

(251

)

(12

)%

 

$

(251

)

(12

)%

 

$

(169

)

(8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Annuities DAC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

250

 

$

238

 

$

247

 

$

217

 

$

316

 

$

250

 

$

316

 

$

66

 

26

%

 

$

66

 

26

%

 

$

99

 

46

%

 

Capitalization

 

2

 

8

 

16

 

50

 

99

 

2

 

99

 

97

 

#

 

 

97

 

#

 

 

49

 

98

%

 

Amortization per income statement

 

(15

)

(14

)

(19

)

(4

)

(12

)

(15

)

(12

)

3

 

20

%

 

3

 

20

%

 

(8

)

#

 

 

Cumulative effect of accounting change (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other (FAS 115)

 

1

 

15

 

(27

)

53

 

(37

)

1

 

(37

)

(38

)

#

 

 

(38

)

#

 

 

(90

)

#

 

 

Total ending balance

 

$

238

 

$

247

 

$

217

 

$

316

 

$

366

 

$

238

 

$

366

 

$

128

 

54

%

 

$

128

 

54

%

 

$

50

 

16

%

 

 


(1)             Includes payout annuities.

 

(2)             Attributable to interest sensitive products only, which have been approximately 97% of the total ending fixed annuities accumulation values in the periods reported.  Through October of 2008, the asset earnings rate is a calculated theoretical yield obtained from the assignment of investment income using the investment year method of allocation.  After October of 2008, the asset earnings rate is a calculated yield based on specifically assigned assets.

 

(3)             Reflects adoption of FAS 157 in 1st Qtr 2008.

 

#                 Variance of 100% or greater.

 

19



 

 

Statistical Supplement Package

(unaudited)

 

 

First Quarter 2009

 

 

Protection Segment

 

20



 

Ameriprise Financial, Inc.

Protection Segment

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

15

 

$

16

 

$

14

 

$

11

 

$

10

 

$

15

 

$

10

 

$

(5

)

(33

)%

 

$

(5

)

(33

)%

 

$

(1

)

(9

)%

 

Distribution fees

 

27

 

25

 

26

 

28

 

24

 

27

 

24

 

(3

)

(11

)%

 

(3

)

(11

)%

 

(4

)

(14

)%

 

Net investment income

 

83

 

85

 

42

 

42

 

99

 

83

 

99

 

16

 

19

%

 

16

 

19

%

 

57

 

#

 

 

Premiums

 

245

 

244

 

251

 

254

 

247

 

245

 

247

 

2

 

1

%

 

2

 

1

%

 

(7

)

(3

)%

 

Other revenues

 

113

 

110

 

209

 

115

 

115

 

113

 

115

 

2

 

2

%

 

2

 

2

%

 

 

 

 

Total revenues

 

483

 

480

 

542

 

450

 

495

 

483

 

495

 

12

 

2

%

 

12

 

2

%

 

45

 

10

%

 

Banking and deposit interest expense

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

483

 

479

 

542

 

450

 

495

 

483

 

495

 

12

 

2

%

 

12

 

2

%

 

45

 

10

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

5

 

6

 

4

 

3

 

5

 

5

 

5

 

 

 

 

 

 

 

2

 

67

%

 

Interest credited to fixed accounts

 

35

 

36

 

37

 

36

 

36

 

35

 

36

 

1

 

3

%

 

1

 

3

%

 

 

 

 

Benefits, claims, losses and settlement expenses

 

226

 

225

 

187

 

218

 

229

 

226

 

229

 

3

 

1

%

 

3

 

1

%

 

11

 

5

%

 

Amortization of deferred acquisition costs

 

52

 

48

 

138

 

95

 

61

 

52

 

61

 

9

 

17

%

 

9

 

17

%

 

(34

)

(36

)%

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

63

 

51

 

72

 

65

 

53

 

63

 

53

 

(10

)

(16

)%

 

(10

)

(16

)%

 

(12

)

(18

)%

 

Total expenses

 

381

 

366

 

438

 

417

 

384

 

381

 

384

 

3

 

1

%

 

3

 

1

%

 

(33

)

(8

)%

 

Pretax segment income (loss)

 

$

102

 

$

113

 

$

104

 

$

33

 

$

111

 

$

102

 

$

111

 

$

9

 

9

%

 

$

9

 

9

%

 

$

78

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Operating Earnings (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss)

 

$

102

 

$

113

 

$

104

 

$

33

 

$

111

 

$

102

 

$

111

 

$

9

 

9

%

 

$

9

 

9

%

 

$

78

 

#

 

 

Realized (gains) losses

 

3

 

1

 

44

 

44

 

(7

)

3

 

(7

)

(10

)

#

 

 

(10

)

#

 

 

(51

)

#

 

 

Total pretax operating earnings

 

$

105

 

$

114

 

$

148

 

$

77

 

$

104

 

$

105

 

$

104

 

$

(1

)

(1

)%

 

$

(1

)

(1

)%

 

$

27

 

35

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GRAPHICPretax segment income (loss) margin

 

21.1

%

23.6

%

19.2

%

7.3

%

22.4

%

21.1

%

22.4

%

1.3

%

 

 

 

1.3

%

 

 

 

15.1

%

 

 

 

Pretax operating earnings margin (1)

 

21.7

%

23.8

%

27.3

%

17.1

%

21.0

%

21.7

%

21.0

%

(0.7

)%

 

 

 

(0.7

)%

 

 

 

3.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

79

 

$

76

 

$

77

 

$

75

 

$

81

 

$

79

 

$

81

 

$

2

 

3

%

 

$

2

 

3

%

 

$

6

 

8

%

 

Realized gains (losses)

 

(3

)

(1

)

(44

)

(44

)

7

 

(3

)

7

 

10

 

#

 

 

10

 

#

 

 

51

 

#

 

 

Other (including seed money)

 

7

 

10

 

9

 

11

 

11

 

7

 

11

 

4

 

57

%

 

4

 

57

%

 

 

 

 

Total net investment income

 

$

83

 

$

85

 

$

42

 

$

42

 

$

99

 

$

83

 

$

99

 

$

16

 

19

%

 

$

16

 

19

%

 

$

57

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GRAPHICAllocated equity

 

$

2,358

 

$

2,366

 

$

2,470

 

$

2,339

 

$

2,388

 

$

2,358

 

$

2,388

 

$

30

 

1

%

 

$

30

 

1

%

 

$

49

 

2

%

 

Pretax return on allocated equity

 

20.7

%

20.1

%

20.0

%

14.9

%

15.1

%

20.7

%

15.1

%

(5.6

)%

 

 

 

(5.6

)%

 

 

 

0.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long Term Care

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss)

 

$

 

$

 

$

(17

)

$

(12

)

$

10

 

$

 

$

10

 

$

10

 

 

 

$

10

 

 

 

$

22

 

#

 

 

Allocated equity

 

$

593

 

$

586

 

$

597

 

$

561

 

$

569

 

$

593

 

$

569

 

$

(24

)

(4

)%

 

$

(24

)

(4

)%

 

$

8

 

1

%

 

Pretax return on allocated equity

 

2.1

%

0.9

%

(2.6

)%

(5.0

)%

(3.3

)%

2.1

%

(3.3

)%

(5.4

)%

 

 

 

(5.4

)%

 

 

 

1.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Protection excluding Long Term Care

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

102

 

$

113

 

$

121

 

$

45

 

$

101

 

$

102

 

$

101

 

$

(1

)

(1

)%

 

$

(1

)

(1

)%

 

$

56

 

#

 

 

Allocated equity

 

$

1,765

 

$

1,780

 

$

1,873

 

$

1,778

 

$

1,819

 

$

1,765

 

$

1,819

 

$

54

 

3

%

 

$

54

 

3

%

 

$

41

 

2

%

 

Pretax return on allocated equity

 

26.8

%

26.3

%

27.3

%

21.3

%

21.1

%

26.8

%

21.1

%

(5.7

)%

 

 

 

(5.7

)%

 

 

 

(0.2

)%

 

 

 

 


(1)

 

See non-GAAP Financial Information.

#

 

Variance of 100% or greater.

 

21



 

Ameriprise Financial, Inc.

Protection Segment

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Cash Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VUL / UL (1)

 

$

64

 

$

64

 

$

57

 

$

43

 

$

33

 

$

64

 

$

33

 

$

(31

)

(48

)%

 

$

(31

)

(48

)%

 

$

(10

)

(23

)%

 

Term and whole life

 

4

 

5

 

4

 

5

 

3

 

4

 

3

 

(1

)

(25

)%

 

(1

)

(25

)%

 

(2

)

(40

)%

 

Disability insurance

 

4

 

4

 

3

 

3

 

1

 

4

 

1

 

(3

)

(75

)%

 

(3

)

(75

)%

 

(2

)

(67

)%

 

Auto and Home

 

156

 

155

 

166

 

154

 

165

 

156

 

165

 

9

 

6

%

 

9

 

6

%

 

11

 

7

%

 

Total cash sales

 

$

228

 

$

228

 

$

230

 

$

205

 

$

202

 

$

228

 

$

202

 

$

(26

)

(11

)%

 

$

(26

)

(11

)%

 

$

(3

)

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VUL / UL Policyholder Account Balances

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

9,836

 

$

9,336

 

$

9,303

 

$

8,591

 

$

7,570

 

$

9,836

 

$

7,570

 

$

(2,266

)

(23

)%

 

$

(2,266

)

(23

)%

 

$

(1,021

)

(12

)%

 

Premiums and deposits

 

266

 

256

 

254

 

230

 

228

 

266

 

228

 

(38

)

(14

)%

 

(38

)

(14

)%

 

(2

)

(1

)%

 

Investment performance and interest

 

(493

)

(33

)

(627

)

(965

)

(260

)

(493

)

(260

)

233

 

47

%

 

233

 

47

%

 

705

 

73

%

 

Withdrawals and surrenders

 

(267

)

(258

)

(308

)

(255

)

(254

)

(267

)

(254

)

13

 

5

%

 

13

 

5

%

 

1

 

 

 

Other

 

(6

)

2

 

(31

)

(31

)

66

 

(6

)

66

 

72

 

#

 

 

72

 

#

 

 

97

 

#

 

 

Total ending balance

 

$

9,336

 

$

9,303

 

$

8,591

 

$

7,570

 

$

7,350

 

$

9,336

 

$

7,350

 

$

(1,986

)

(21

)%

 

$

(1,986

)

(21

)%

 

$

(220

)

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Premiums by Product

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term and whole life

 

$

16

 

$

14

 

$

15

 

$

14

 

$

14

 

$

16

 

$

14

 

$

(2

)

(13

)%

 

$

(2

)

(13

)%

 

$

 

 

 

Disability insurance

 

43

 

43

 

44

 

43

 

43

 

43

 

43

 

 

 

 

 

 

 

 

 

 

Long term care

 

31

 

28

 

31

 

31

 

29

 

31

 

29

 

(2

)

(6

)%

 

(2

)

(6

)%

 

(2

)

(6

)%

 

Auto and Home

 

148

 

151

 

154

 

157

 

156

 

148

 

156

 

8

 

5

%

 

8

 

5

%

 

(1

)

(1

)%

 

Intercompany premiums

 

7

 

8

 

7

 

9

 

5

 

7

 

5

 

(2

)

(29

)%

 

(2

)

(29

)%

 

(4

)

(44

)%

 

Total premiums by product

 

$

245

 

$

244

 

$

251

 

$

254

 

$

247

 

$

245

 

$

247

 

$

2

 

1

%

 

$

2

 

1

%

 

$

(7

)

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto and Home Insurance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Policy count (thousands)

 

524

 

532

 

540

 

547

 

558

 

524

 

558

 

34

 

6

%

 

34

 

6

%

 

11

 

2

%

 

Loss ratio

 

79.8

%

75.8

%

75.7

%

80.4

%

79.6

%

79.8

%

79.6

%

(0.2

)%

 

 

 

(0.2

)%

 

 

 

(0.8

)%

 

 

 

Expense ratio

 

16.8

%

15.3

%

20.5

%

16.2

%

14.8

%

16.8

%

14.8

%

(2.0

)%

 

 

 

(2.0

)%

 

 

 

(1.4

)%

 

 

 

Combined ratio

 

96.6

%

91.1

%

96.2

%

96.6

%

94.4

%

96.6

%

94.4

%

(2.2

)%

 

 

 

(2.2

)%

 

 

 

(2.2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DAC Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life and Health

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

1,998

 

$

2,001

 

$

2,016

 

$

1,920

 

$

1,946

 

$

1,998

 

$

1,946

 

$

(52

)

(3

)%

 

$

(52

)

(3

)%

 

$

26

 

1

%

 

Capitalization

 

45

 

43

 

40

 

40

 

29

 

45

 

29

 

(16

)

(36

)%

 

(16

)

(36

)%

 

(11

)

(28

)%

 

Amortization per income statement

 

(40

)

(36

)

(126

)

(82

)

(48

)

(40

)

(48

)

(8

)

(20

)%

 

(8

)

(20

)%

 

34

 

41

%

 

Other (FAS 115)

 

(2

)

8

 

(10

)

68

 

(7

)

(2

)

(7

)

(5

)

#

 

 

(5

)

#

 

 

(75

)

#

 

 

Total ending balance

 

$

2,001

 

$

2,016

 

$

1,920

 

$

1,946

 

$

1,920

 

$

2,001

 

$

1,920

 

$

(81

)

(4

)%

 

$

(81

)

(4

)%

 

$

(26

)

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life insurance in force

 

$

188,643

 

$

190,514

 

$

192,002

 

$

192,061

 

$

192,022

 

$

 188,643

 

$

 192,022

 

$

 3,379

 

2

%

 

$

3,379

 

2

%

 

$

(39

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Amount at Risk

 

$

58,395

 

$

58,583

 

$

58,001

 

$

56,857

 

$

55,578

 

$

58,395

 

$

55,578

 

$

(2,817

)

(5

)%

 

$

(2,817

)

(5

)%

 

$

(1,279

)

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Policyholder Reserves

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VUL / UL

 

$

8,293

 

$

8,286

 

$

7,604

 

$

6,637

 

$

6,360

 

$

8,293

 

$

6,360

 

$

(1,933

)

(23

)%

 

$

(1,933

)

(23

)%

 

$

(277

)

(4

)%

 

Term and whole life

 

233

 

234

 

236

 

238

 

236

 

233

 

236

 

3

 

1

%

 

3

 

1

%

 

(2

)

(1

)%

 

Disability insurance

 

431

 

431

 

454

 

458

 

469

 

431

 

469

 

38

 

9

%

 

38

 

9

%

 

11

 

2

%

 

Long term care and other

 

2,339

 

2,375

 

2,374

 

2,375

 

2,351

 

2,339

 

2,351

 

12

 

1

%

 

12

 

1

%

 

(24

)

(1

)%

 

Auto and Home loss and LAE reserves

 

333

 

319

 

308

 

308

 

303

 

333

 

303

 

(30

)

(9

)%

 

(30

)

(9

)%

 

(5

)

(2

)%

 

Total net policyholder reserves

 

$

11,629

 

$

11,645

 

$

10,976

 

$

10,016

 

$

9,719

 

$

11,629

 

$

9,719

 

$

(1,910

)

(16

)%

 

$

(1,910

)

(16

)%

 

$

(297

)

(3

)%

 

 


(1)    Includes lump sum deposits.

 

#      Variance of 100% or greater.

 

22



 

 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2009

 

 

Corporate & Other Segment

 

23



 

Ameriprise Financial, Inc.

Corporate & Other Segment

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

 

 

$

 

 

 

$

 

 

 

Distribution fees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

 

8

 

12

 

(9

)

(36

)

(21

)

8

 

(21

)

(29

)

#

 

 

(29

)

#

 

 

15

 

42

%

 

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

2

 

2

 

 

22

 

51

 

2

 

51

 

49

 

#

 

 

49

 

#

 

 

29

 

#

 

 

Total revenues

 

10

 

14

 

(9

)

(14

)

30

 

10

 

30

 

20

 

#

 

 

20

 

#

 

 

44

 

#

 

 

Banking and deposit interest expense

 

1

 

 

 

1

 

1

 

1

 

1

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

9

 

14

 

(9

)

(15

)

29

 

9

 

29

 

20

 

#

 

 

20

 

#

 

 

44

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

 

1

 

 

 

1

 

 

1

 

1

 

 

 

1

 

 

 

1

 

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

26

 

28

 

27

 

28

 

26

 

26

 

26

 

 

 

 

 

 

 

(2

)

(7

)%

 

General and administrative expense

 

14

 

31

 

134

 

74

 

26

 

14

 

26

 

12

 

86

%

 

12

 

86

%

 

(48

)

(65

)%

 

Total expenses

 

40

 

60

 

161

 

102

 

53

 

40

 

53

 

13

 

33

%

 

13

 

33

%

 

(49

)

(48

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss)

 

$

(31

)

$

(46

)

$

(170

)

$

(117

)

$

(24

)

$

(31

)

$

(24

)

$

7

 

23

%

 

$

7

 

23

%

 

$

93

 

79

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income on fixed maturities

 

$

19

 

$

18

 

$

10

 

$

5

 

$

 

$

19

 

$

 

$

(19

)

#

 

 

$

(19

)

#

 

 

$

(5

)

#

 

 

Realized gains (losses)

 

(1

)

 

1

 

(3

)

 

(1

)

 

1

 

#

 

 

1

 

#

 

 

3

 

#

 

 

Affordable housing

 

(7

)

(8

)

(7

)

(17

)

(6

)

(7

)

(6

)

1

 

14

%

 

1

 

14

%

 

11

 

65

%

 

Other

 

(3

)

2

 

(13

)

(21

)

(15

)

(3

)

(15

)

(12

)

#

 

 

(12

)

#

 

 

6

 

29

%

 

Total net investment income

 

$

8

 

$

12

 

$

(9

)

$

(36

)

$

(21

)

$

8

 

$

(21

)

$

(29

)

#

 

 

$

(29

)

#

 

 

$

15

 

42

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated equity

 

$

1,730

 

$

1,730

 

$

1,224

 

$

115

 

$

482

 

$

1,730

 

$

482

 

$

(1,248

)

(72

)%

 

$

(1,248

)

(72

)%

 

$

367

 

#

 

 

 


# Variance of 100% or greater.

 

24



 

Ameriprise Financial, Inc.

Eliminations (1)

First Quarter 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Year Comparisons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

Qtr Chg - 1Q

 

YTD Chg - 1Q

 

Seq Qtr Chg - 1Q

 

(in millions unless otherwise noted, unaudited)

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

1 Qtr 2009

 

2008

 

2009

 

Diff.

 

%

 

Diff.

 

%

 

Diff.

 

%

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

(13

)

$

(13

)

$

(13

)

$

(12

)

$

(23

)

$

(13

)

$

(23

)

$

(10

)

(77

)%

 

$

(10

)

(77

)%

 

$

(11

)

(92

)%

 

Distribution fees

 

(251

)

(253

)

(236

)

(235

)

(248

)

(251

)

(248

)

3

 

1%

 

 

3

 

1

%

 

(13

)

(6

)%

 

Net investment income

 

(2

)

(2

)

(2

)

 

 

(2

)

 

2

 

#

 

 

2

 

#

 

 

 

 

 

Premiums

 

(7

)

(8

)

(8

)

(8

)

(5

)

(7

)

(5

)

2

 

29

%

 

2

 

29

%

 

3

 

38

%

 

Other revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

(273

)

(276

)

(259

)

(255

)

(276

)

(273

)

(276

)

(3

)

(1

)%

 

(3

)

(1

)%

 

(21

)

(8

)%

 

Banking and deposit interest expense

 

(3

)

(2

)

(2

)

(2

)

(1

)

(3

)

(1

)

2

 

67

%

 

2

 

67

%

 

1

 

50

%

 

Total net revenues

 

(270

)

(274

)

(257

)

(253

)

(275

)

(270

)

(275

)

(5

)

(2

)%

 

(5

)

(2

)%

 

(22

)

(9

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

(221

)

(223

)

(209

)

(199

)

(222

)

(221

)

(222

)

(1

)

 

 

(1

)

 

 

(23

)

(12

)%

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

(49

)

(51

)

(48

)

(54

)

(53

)

(49

)

(53

)

(4

)

(8

)%

 

(4

)

(8

)%

 

1

 

2

%

 

Total expenses

 

(270

)

(274

)

(257

)

(253

)

(275

)

(270

)

(275

)

(5

)

(2

)%

 

(5

)

(2

)%

 

(22

)

(9

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss)

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

 

 

$

 

 

 

$

 

 

 

 


(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 2009

 

 

Balance Sheet and Ratings Information

 

26



 

Ameriprise Financial, Inc.

Consolidated Balance Sheets

 

(in millions, unaudited)

 

March 31, 2008

 

June 30, 2008

 

September 30, 2008

 

December 31, 2008

 

March 31, 2009

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

3,904

 

$

3,373

 

$

4,043

 

$

6,228

 

$

5,796

 

Investments

 

29,808

 

29,506

 

28,101

 

27,522

 

30,738

 

Separate account assets

 

58,442

 

58,725

 

52,762

 

44,746

 

42,014

 

Receivables

 

3,441

 

3,614

 

3,921

 

3,887

 

3,579

 

Deferred acquisition costs

 

4,453

 

4,513

 

4,374

 

4,383

 

4,237

 

Restricted and segregated cash

 

1,142

 

994

 

1,837

 

1,883

 

1,811

 

Other assets

 

3,616

 

3,444

 

4,013

 

6,928

 

6,406

 

Total assets

 

$

104,806

 

$

104,169

 

$

99,051

 

$

95,577

 

$

94,581

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Future policy benefits and claims

 

$

27,164

 

$

26,744

 

$

26,981

 

$

29,293

 

$

30,956

 

Separate account liabilities

 

58,442

 

58,725

 

52,762

 

44,746

 

42,014

 

Customer deposits

 

6,303

 

6,378

 

7,723

 

8,229

 

8,465

 

Debt

 

2,018

 

2,018

 

2,080

 

2,027

 

1,922

 

Accounts payable and accrued expenses

 

836

 

890

 

758

 

887

 

713

 

Other liabilities

 

2,075

 

1,714

 

1,638

 

3,928

 

3,874

 

Total liabilities

 

96,838

 

96,469

 

91,942

 

89,110

 

87,944

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders’ Equity

 

 

 

 

 

 

 

 

 

 

 

Ameriprise Financial

 

 

 

 

 

 

 

 

 

 

 

Common shares ($.01 par)

 

3

 

3

 

3

 

3

 

3

 

Additional paid-in capital

 

4,637

 

4,649

 

4,704

 

4,688

 

4,719

 

Retained earnings

 

4,938

 

5,111

 

5,004

 

4,592

 

4,815

 

Treasury stock

 

(1,710

)

(1,927

)

(2,021

)

(2,012

)

(2,021

)

Accumulated other comprehensive income (loss), net of tax

 

(287

)

(522

)

(973

)

(1,093

)

(1,132

)

Total Ameriprise Financial shareholders’ equity

 

7,581

 

7,314

 

6,717

 

6,178

 

6,384

 

Noncontrolling interest

 

387

 

386

 

392

 

289

 

253

 

Total equity

 

7,968

 

7,700

 

7,109

 

6,467

 

6,637

 

Total liabilities and shareholders’ equity

 

$

104,806

 

$

104,169

 

$

99,051

 

$

95,577

 

$

94,581

 

 

27



 

Ameriprise Financial, Inc.

Capital and Ratings Information

 

(in millions unless otherwise noted, unaudited)

 

March 31, 2008

 

June 30, 2008

 

September 30, 2008

 

December 31, 2008

 

March 31, 2009

 

Debt Summary

 

 

 

 

 

 

 

 

 

 

 

Senior notes

 

$

1,500

 

$

1,500

 

$

1,500

 

$

1,500

 

$

1,500

 

Junior subordinated notes (2)

 

500

 

500

 

500

 

457

 

344

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-recourse debt

 

 

 

 

 

 

 

 

 

 

 

Debt for inverse floaters

 

18

 

18

 

12

 

6

 

6

 

Debt of property fund limited partnerships

 

 

 

68

 

64

 

72

 

Total non-recourse debt

 

18

 

18

 

80

 

70

 

78

 

Total debt

 

$

2,018

 

$

2,018

 

$

2,080

 

$

2,027

 

$

1,922

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

$

2,018

 

$

2,018

 

$

2,080

 

$

2,027

 

$

1,922

 

Total non-recourse debt

 

(18

)

(18

)

(80

)

(70

)

(78

)

Total debt excluding non-recourse
debt
(1)

 

2,000

 

2,000

 

2,000

 

1,957

 

1,844

 

Junior subordinated notes 75% equity credit (2)

 

(375

)

(375

)

(375

)

(343

)

(258

)

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

 

$

1,625

 

$

1,625

 

$

1,625

 

$

1,614

 

$

1,586

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Ameriprise Financial shareholders’ equity

 

$

7,581

 

$

7,314

 

$

6,717

 

$

6,178

 

$

6,384

 

Total capital

 

9,599

 

9,332

 

8,797

 

8,205

 

8,306

 

Total capital excluding non-recourse
debt
(1)

 

$

9,581

 

$

9,314

 

$

8,717

 

$

8,135

 

$

8,228

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

Debt to total capital

 

21.0

%

21.6

%

23.6

%

24.7

%

23.1

%

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

 

20.9

%

21.5

%

22.9

%

24.1

%

22.4

%

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

 

17.0

%

17.4

%

18.6

%

19.8

%

19.3

%

 

Ratings (as of March 31, 2009)

 

A.M. Best
Company

 

Standard & Poor’s Rating
Services

 

Moody’s Investors
Service, Inc.

 

Fitch Ratings
Ltd.

 

 

 

Claims Paying Ratings (3)

 

 

 

 

 

 

 

 

 

 

 

RiverSource Life Insurance Company

 

A+

 

AA-

 

Aa3

 

AA-

 

 

 

IDS Property Casualty Ins. Company

 

A

 

N/R

 

N/R

 

N/R

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Ratings (3)

 

 

 

 

 

 

 

 

 

 

 

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.

(3)

For the most current ratings information, please see the individual rating agency’s website.

 

28



 

Ameriprise Financial, Inc.

Investments

 

(in millions unless otherwise noted, unaudited)

 

March 31, 2008

 

June 30, 2008

 

September 30, 2008

 

December 31, 2008

 

March 31, 2009

 

Cash and cash equivalents

 

$

3,904

 

$

3,373

 

$

4,043

 

$

6,228

 

$

5,796

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments - Ending Balances

 

 

 

 

 

 

 

 

 

 

 

Available-for-Sale Securities

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

13,493

 

13,319

 

12,593

 

12,599

 

12,969

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage backed securities

 

6,155

 

6,013

 

5,741

 

5,235

 

6,720

 

Commercial mortgage backed securities

 

2,944

 

2,841

 

2,711

 

2,733

 

3,438

 

Asset backed securities

 

1,031

 

1,073

 

1,053

 

958

 

1,305

 

Total mortgage and other asset backed securities

 

10,130

 

9,927

 

9,505

 

8,926

 

11,463

 

 

 

 

 

 

 

 

 

 

 

 

 

Structured investments

 

42

 

38

 

35

 

50

 

38

 

State and municipal obligations

 

1,004

 

991

 

923

 

873

 

947

 

US government and agencies obligations

 

333

 

326

 

265

 

271

 

188

 

Foreign government bonds and obligations

 

113

 

110

 

107

 

107

 

105

 

Common and preferred stocks

 

51

 

54

 

49

 

37

 

23

 

Other AFS

 

20

 

26

 

18

 

10

 

29

 

Total other

 

1,563

 

1,545

 

1,397

 

1,348

 

1,330

 

Total available-for-sale securities

 

25,186

 

24,791

 

23,495

 

22,873

 

25,762

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial mortgage loans

 

3,127

 

3,058

 

2,939

 

2,906

 

2,871

 

Allowance for loan losses

 

(18

)

(18

)

(18

)

(19

)

(19

)

Commercial mortgage loans, net

 

3,109

 

3,040

 

2,921

 

2,887

 

2,852

 

 

 

 

 

 

 

 

 

 

 

 

 

Policy loans

 

713

 

725

 

730

 

729

 

722

 

Trading securities

 

428

 

379

 

374

 

501

 

874

 

Other investments

 

372

 

571

 

581

 

532

 

528

 

Total investments

 

29,808

 

29,506

 

28,101

 

27,522

 

30,738

 

 

 

 

 

 

 

 

 

 

 

 

 

Total cash, cash equivalents and investments

 

$

33,712

 

$

32,879

 

$

32,144

 

$

33,750

 

$

36,534

 

 

 

 

 

 

 

 

 

 

 

 

 

SFAS 115 Mark-to-market AFS

 

$

(500

)

$

(915

)

$

(1,517

)

$

(1,835

)

$

(1,819

)

 

 

 

 

 

 

 

 

 

 

 

 

AFS Fixed Maturity Asset Quality - %

 

 

 

 

 

 

 

 

 

 

 

AAA

 

44

%

42

%

41

%

40

%

42

%

AA

 

10

%

10

%

8

%

7

%

6

%

AFS securities AA and above

 

54

%

52

%

49

%

47

%

48

%

A

 

16

%

17

%

17

%

19

%

15

%

BBB

 

24

%

24

%

27

%

29

%

31

%

Below investment grade

 

6

%

7

%

7

%

5

%

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

 

5

%

7

%

7

%

5

%

6

%

 

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.

 

This report contains certain non-GAAP measures, which our management views as important indicators of financial performance. These non-GAAP measures, include: 

 

· Pretax income (loss) margin and Pretax segment income (loss) margin;

· Net income (loss) attributable to Ameriprise Financial margin;

· Pretax return on allocated equity;

· Total debt excluding non-recourse debt;

· Total debt excluding non-recourse debt and 75% equity credit;

· Total capital excluding non-recourse debt;

· Debt to total capital excluding non-recourse debt;

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

· Pretax operating earnings; and

· Pretax operating earnings margin.

 

Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best reflects 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%

 

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 Management 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.

 

31



 

Ameriprise Financial, Inc.

Glossary of Selected Terminology

 

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 Ameriprise Financial 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.

 

Ameriprise Financial - Ameriprise Financial includes ownership interests in subsidiaries that are attributable, directly or indirectly, to Ameriprise Financial, Inc. and excludes noncontrolling interests.

 

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 Ameriprise Financial 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 a 75% equity credit for our junior subordinated debt. 

 

Deferred Acquisition Costs and Amortization - Deferred acquisition costs (“DAC”) represent 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 (Loss) Margin - A ratio representing net income as a percentage of total net revenues.

 

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 Segment Income (Loss) or Pretax Income (Loss) - Income (loss) before net income (loss) attributable to noncontrolling interest and income tax provision (benefit).

 

Pretax Segment Income (Loss) Margin or Pretax Income (Loss) Margin - A ratio representing pretax income (loss) or pretax segment income (loss) as a percentage of total net revenues.

 

Pretax Operating Earnings - Pretax segment income (loss) plus or minus net realized gains (losses).

 

Pretax Operating Earnings Margin - A ratio representing pretax operating earnings as a percentage of total net revenues.

 

Pretax Return on Allocated Equity - Calculated using pretax income (loss) 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 annuity and insurance products. The assets of the separate account are only available to fund the liabilities of the variable entity contract holders 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.

 

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 company for the London-based Threadneedle companies, which provide investment management products and services.

 

Total Capital - Total Ameriprise Financial 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.

 

32



 

Exhibit A

 

 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2009

 

 

Domestic Mutual Fund Performance and

Lipper Ranking

 

33



 

Equity Fund Performance & Lipper Ranking

As of March 31, 2009

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Emerging Markets Fund (2)

 

61.60

 

3/31/2009

 

2.53

 

-45.14

 

23

%

-7.26

 

16

%

5.44

 

27

%

6.18

 

75

%

5/28/1996

 

2.91

 

5/31/1996

 

58

%

5.75

 

-48.29

 

-9.07

 

4.20

 

5.55

 

2.44

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

72 / 314

 

 

 

34 / 217

 

 

 

49 / 182

 

 

 

78 / 103

 

 

 

 

 

 

 

33 / 56

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Emerging Markets Fund

 

245.50

 

3/31/2009

 

1.87

 

-50.00

 

54

%

-9.93

 

45

%

3.97

 

54

%

6.97

 

61

%

11/13/1996

 

4.06

 

11/14/1996

 

45

%

5.75

 

-52.88

 

-11.69

 

2.75

 

6.34

 

3.57

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

168 / 314

 

 

 

98 / 217

 

 

 

97 / 182

 

 

 

63 / 103

 

 

 

 

 

 

 

29 / 64

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Income Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Diversified Equity Income Fund

 

3,488.80

 

3/31/2009

 

1.08

 

-41.71

 

81

%

-14.67

 

79

%

-2.58

 

34

%

1.24

 

21

%

10/15/1990

 

8.08

 

10/18/1990

 

39

%

5.75

 

-45.06

 

-16.34

 

-3.73

 

0.65

 

7.73

 

Lipper Fund Ranking / Total Funds in  Category

 

 

 

 

 

 

 

 

 

241 / 297

 

 

 

185 / 235

 

 

 

62 / 182

 

 

 

21 / 103

 

 

 

 

 

 

 

10 / 25

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Dividend Opportunity Fund

 

941.00

 

3/31/2009

 

1.11

 

-37.54

 

58

%

-11.43

 

50

%

-2.25

 

27

%

-1.90

 

75

%

8/1/1988

 

6.29

 

8/31/1988

 

81

%

5.75

 

-41.13

 

-13.16

 

-3.40

 

-2.47

 

5.99

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

172 / 297

 

 

 

116 / 235

 

 

 

49 / 182

 

 

 

78 / 103

 

 

 

 

 

 

 

17 / 20

 

 

 

 

 

 

 

 

 

 

 

 

 

European Region Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle European Equity Fund

 

53.70

 

3/31/2009

 

1.58

 

-41.84

 

8

%

-10.15

 

10

%

0.32

 

25

%

 

 

 

 

6/26/2000

 

-3.23

 

6/26/2000

 

65

%

5.75

 

-45.18

 

-11.91

 

-0.86

 

 

 

-3.88

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

8 / 113

 

 

 

9 / 96

 

 

 

22 / 89

 

 

 

 

 

 

 

 

 

 

 

39 / 59

 

 

 

 

 

 

 

 

 

 

 

 

 

Extended U.S. Large-Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource 120/20 Contrarian Equity Fund

 

28.80

 

3/31/2009

 

2.01

 

-38.66

 

55

%

 

 

 

 

 

 

 

 

 

 

 

 

10/18/2007

 

-37.49

 

10/18/2007

 

69

%

5.75

 

-42.19

 

 

 

 

 

 

 

-39.99

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

25 / 45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20 / 28

 

 

 

 

 

 

 

 

 

 

 

 

 

Flexible Portfolio Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Strategic Allocation Fund

 

1,163.40

 

3/31/2009

 

1.04

 

-29.77

 

72

%

-9.25

 

69

%

-1.38

 

54

%

0.11

 

67

%

1/23/1985

 

8.38

 

1/31/1985

 

50

%

5.75

 

-33.81

 

-11.02

 

-2.54

 

-0.48

 

8.12

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

128 / 179

 

 

 

75 / 108

 

 

 

46 / 85

 

 

 

34 / 50

 

 

 

 

 

 

 

3 / 5

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Large Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Global Growth Fund (2)

 

15.50

 

3/31/2009

 

2.24

 

-48.05

 

77

%

-16.60

 

79

%

-7.59

 

81

%

-5.24

 

94

%

11/1/1995

 

-0.16

 

11/2/1995

 

95

%

5.75

 

-51.03

 

-18.23

 

-8.68

 

-5.80

 

-0.60

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

68 / 88

 

 

 

56 / 70

 

 

 

41 / 50

 

 

 

31 / 32

 

 

 

 

 

 

 

17 / 17

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Global Equity Fund

 

385.90

 

3/31/2009

 

1.46

 

-41.98

 

48

%

-13.15

 

41

%

-1.07

 

12

%

-3.01

 

82

%

5/29/1990

 

2.74

 

5/31/1990

 

75

%

5.75

 

-45.31

 

-14.85

 

-2.23

 

-3.58

 

2.42

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

42 / 88

 

 

 

29 / 70

 

 

 

6 / 50

 

 

 

27 / 32

 

 

 

 

 

 

 

3 / 3

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Multi Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Global Equity Income Fund

 

19.60

 

3/31/2009

 

4.62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/1/2008

 

-37.15

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

-40.77

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Real Estate Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman LaSalle Global Real Estate Fund (2)

 

9.20

 

3/31/2009

 

2.52

 

-63.79

 

98

%

 

 

 

 

 

 

 

 

 

 

 

 

12/28/2006

 

-41.53

 

12/28/2006

 

97

%

5.75

 

-65.87

 

 

 

 

 

 

 

-43.05

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

83 / 84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 / 53

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Small-/Mid-Cap Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Global Smaller Companies Fund (2)

 

65.10

 

3/31/2009

 

1.93

 

-48.55

 

77

%

-20.51

 

74

%

-5.77

 

69

%

-2.29

 

93

%

8/31/1992

 

3.90

 

8/31/1992

 

58

%

5.75

 

-51.51

 

-22.06

 

-6.88

 

-2.87

 

3.53

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

54 / 70

 

 

 

44 / 59

 

 

 

39 / 56

 

 

 

26 / 27

 

 

 

 

 

 

 

4 / 6

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Science & Technology Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Global Technology Fund

 

93.10

 

3/31/2009

 

1.45

 

-32.49

 

26

%

-11.39

 

36

%

-3.17

 

33

%

-4.67

 

48

%

11/13/1996

 

1.08

 

11/14/1996

 

72

%

5.75

 

-36.37

 

-13.13

 

-4.31

 

-5.23

 

0.60

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

21 / 82

 

 

 

28 / 77

 

 

 

23 / 70

 

 

 

10 / 20

 

 

 

 

 

 

 

10 / 13

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Global Technology Fund

 

217.70

 

3/31/2009

 

1.77

 

-24.24

 

2

%

-7.23

 

2

%

-0.47

 

2

%

0.22

 

15

%

5/23/1994

 

7.87

 

5/26/1994

 

25

%

5.75

 

-28.59

 

-9.04

 

-1.64

 

-0.37

 

7.44

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

1 / 82

 

 

 

1 / 77

 

 

 

1 / 70

 

 

 

3 / 20

 

 

 

 

 

 

 

1 / 3

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold-Oriented Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Precious Metals and Mining Fund

 

109.40

 

3/31/2009

 

1.33

 

-19.65

 

25

%

0.64

 

59

%

6.00

 

70

%

13.25

 

84

%

4/22/1985

 

7.25

 

4/30/1985

 

40

%

5.75

 

-24.27

 

-1.33

 

4.75

 

12.58

 

6.98

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

17 / 67

 

 

 

31 / 52

 

 

 

34 / 48

 

 

 

25 / 29

 

 

 

 

 

 

 

4 / 9

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrials Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Recovery and Infrastructure Fund

 

38.30

 

3/31/2009

 

1.98

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/19/2009

 

5.21

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

-0.84

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International Large Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle International Opportunity Fund

 

308.60

 

3/31/2009

 

1.45

 

-42.60

 

15

%

-13.16

 

20

%

-1.71

 

24

%

-3.00

 

86

%

11/15/1984

 

5.87

 

11/30/1984

 

84

%

5.75

 

-45.90

 

-14.85

 

-2.86

 

-3.57

 

5.62

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

41 / 282

 

 

 

48 / 241

 

 

 

51 / 214

 

 

 

107 / 124

 

 

 

 

 

 

 

5 / 5

 

 

 

 

 

 

 

 

 

 

 

 

 

International Multi Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined International Equity Fund

 

273.10

 

3/31/2009

 

1.43

 

-52.96

 

91

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

-18.67

 

5/18/2006

 

80

%

5.75

 

-55.67

 

 

 

 

 

 

 

-20.34

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

177 / 195

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

111 / 139

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Select Growth Fund (2)

 

301.90

 

3/31/2009

 

1.56

 

-48.54

 

60

%

-15.34

 

60

%

-1.73

 

49

%

 

 

 

 

9/28/2001

 

2.21

 

9/28/2001

 

49

%

5.75

 

-51.49

 

-16.99

 

-2.88

 

 

 

1.40

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

117 / 195

 

 

 

80 / 134

 

 

 

50 / 102

 

 

 

 

 

 

 

 

 

 

 

38 / 77

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman International Growth Fund (2)

 

32.90

 

3/31/2009

 

2.10

 

-56.62

 

98

%

-20.45

 

96

%

-8.54

 

92

%

-8.18

 

95

%

4/2/1992

 

-0.81

 

4/2/1992

 

86

%

5.75

 

-59.12

 

-22.00

 

-9.62

 

-8.72

 

-1.15

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

192 / 195

 

 

 

129 / 134

 

 

 

94 / 102

 

 

 

35 / 36

 

 

 

 

 

 

 

6 / 6

 

 

 

 

 

 

 

 

 

 

 

 

 

International Multi Cap Value Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Select Value Fund (2)

 

703.40

 

3/31/2009

 

1.29

 

-51.05

 

94

%

-19.29

 

87

%

-3.83

 

77

%

 

 

 

 

9/28/2001

 

1.96

 

9/28/2001

 

73

%

5.75

 

-53.86

 

-20.87

 

-4.97

 

 

 

1.16

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

127 / 135

 

 

 

83 / 95

 

 

 

58 / 75

 

 

 

 

 

 

 

 

 

 

 

43 / 58

 

 

 

 

 

 

 

 

 

 

 

 

 

International Small/Mid Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners International Small Cap Fund (2)

 

40.60

 

3/31/2009

 

1.97

 

-51.75

 

67

%

-19.25

 

64

%

-5.79

 

93

%

 

 

 

 

10/3/2002

 

3.84

 

10/3/2002

 

88

%

5.75

 

-54.52

 

-20.83

 

-6.90

 

 

 

2.89

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

62 / 92

 

 

 

55 / 85

 

 

 

63 / 67

 

 

 

 

 

 

 

 

 

 

 

51 / 57

 

 

 

 

 

 

 

 

 

 

 

 

 

 

34



 

Equity Fund Performance & Lipper Ranking

As of March 31, 2009

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 at 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

 

Large Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Large Cap Equity Fund

 

1,972.70

 

3/31/2009

 

1.05

 

-44.06

 

95

%

-17.39

 

93

%

-8.07

 

93

%

 

 

 

 

3/28/2002

 

-5.71

 

3/28/2002

 

91

%

5.75

 

-47.28

 

-19.01

 

-9.15

 

 

 

-6.51

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

846 / 891

 

 

 

715 / 768

 

 

 

592 / 639

 

 

 

 

 

 

 

 

 

 

 

477 / 527

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Equity Fund

 

1,700.70

 

3/31/2009

 

0.96

 

-40.37

 

83

%

-15.01

 

79

%

-5.78

 

68

%

 

 

 

 

4/24/2003

 

-1.10

 

4/24/2003

 

61

%

5.75

 

-43.80

 

-16.67

 

-6.89

 

 

 

-2.08

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

738 / 891

 

 

 

602 / 768

 

 

 

434 / 639

 

 

 

 

 

 

 

 

 

 

 

358 / 589

 

 

 

 

 

 

 

 

 

 

 

 

 

Large Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Growth Fund

 

1,072.30

 

3/31/2009

 

1.04

 

-39.45

 

83

%

-16.79

 

96

%

-6.65

 

89

%

-7.50

 

94

%

3/1/1972

 

9.37

 

3/31/1972

 

47

%

5.75

 

-42.93

 

-18.41

 

-7.75

 

-8.05

 

9.20

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

655 / 790

 

 

 

644 / 675

 

 

 

499 / 564

 

 

 

266 / 285

 

 

 

 

 

 

 

13 / 27

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Growth Fund

 

216.30

 

3/31/2009

 

1.35

 

-38.71

 

78

%

-12.13

 

50

%

-4.98

 

53

%

-5.74

 

80

%

12/31/1936

 

^

 

 

 

 

 

5.75

 

-42.23

 

-13.84

 

-6.10

 

-6.30

 

^

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

616 / 790

 

 

 

337 / 675

 

 

 

295 / 564

 

 

 

226 / 285

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Large Cap Value Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Large Cap Value Fund

 

110.10

 

3/31/2009

 

4.21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/1/2008

 

-44.76

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

-47.93

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Equity Value Fund

 

508.80

 

3/31/2009

 

1.06

 

-39.50

 

50

%

-13.56

 

38

%

-2.58

 

10

%

-0.98

 

47

%

3/20/1995

 

4.54

 

3/23/1995

 

63

%

5.75

 

-42.98

 

-15.25

 

-3.73

 

-1.57

 

4.10

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

292 / 591

 

 

 

189 / 500

 

 

 

41 / 417

 

 

 

90 / 191

 

 

 

 

 

 

 

65 / 103

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Large Cap Value Fund

 

33.70

 

3/31/2009

 

1.31

 

-42.04

 

82

%

-16.25

 

81

%

-6.80

 

85

%

 

 

 

 

6/27/2002

 

-2.82

 

6/27/2002

 

83

%

5.75

 

-45.37

 

-17.89

 

-7.90

 

 

 

-3.67

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

480 / 591

 

 

 

402 / 500

 

 

 

353 / 417

 

 

 

 

 

 

 

 

 

 

 

272 / 327

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Large Cap Value Fund

 

121.40

 

3/31/2009

 

1.51

 

-41.34

 

73

%

-13.55

 

38

%

-3.35

 

18

%

-0.97

 

46

%

4/25/1997

 

2.32

 

4/25/1997

 

38

%

5.75

 

-44.71

 

-15.24

 

-4.48

 

-1.55

 

1.81

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

427 / 591

 

 

 

188 / 500

 

 

 

73 / 417

 

 

 

87 / 191

 

 

 

 

 

 

 

15 / 39

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Short Equity Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threadneedle Global Extended Alpha Fund

 

5.70

 

3/31/2009

 

5.55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/1/2008

 

-36.10

 

 

 

 

 

5.75

 

 

 

 

 

 

 

 

 

-39.77

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Small and Mid-Cap Equity Fund

 

164.20

 

3/31/2009

 

1.32

 

-40.47

 

73

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

-20.72

 

5/18/2006

 

95

%

5.75

 

-43.89

 

 

 

 

 

 

 

-22.34

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

260 / 358

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

274 / 290

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Mid Cap Growth Fund

 

459.70

 

3/31/2009

 

1.16

 

-33.53

 

15

%

-14.55

 

49

%

-5.10

 

65

%

-0.81

 

64

%

6/4/1957

 

^

 

 

 

 

 

5.75

 

-37.35

 

-16.22

 

-6.22

 

-1.40

 

^

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

82 / 565

 

 

 

240 / 489

 

 

 

258 / 401

 

 

 

120 / 188

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Aggressive Growth Fund (2)

 

279.60

 

3/31/2009

 

1.65

 

-42.28

 

78

%

-14.30

 

46

%

-4.03

 

53

%

 

 

 

 

4/24/2003

 

2.76

 

4/24/2003

 

34

%

5.75

 

-45.60

 

-15.98

 

-5.16

 

 

 

1.74

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

438 / 565

 

 

 

225 / 489

 

 

 

210 / 401

 

 

 

 

 

 

 

 

 

 

 

123 / 365

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Capital Fund

 

184.00

 

3/31/2009

 

1.49

 

-41.23

 

68

%

-16.29

 

70

%

-6.60

 

78

%

-0.43

 

57

%

12/24/1969

 

10.16

 

12/31/1969

 

9

%

5.75

 

-44.61

 

-17.92

 

-7.70

 

-1.02

 

9.99

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

381 / 565

 

 

 

343 / 489

 

 

 

311 / 401

 

 

 

107 / 188

 

 

 

 

 

 

 

1 / 11

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid Cap Value Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Mid Cap Value Fund

 

1,486.60

 

3/31/2009

 

1.28

 

-44.37

 

84

%

-16.22

 

61

%

-2.82

 

25

%

 

 

 

 

2/14/2002

 

1.77

 

2/14/2002

 

23

%

5.75

 

-47.57

 

-17.85

 

-3.96

 

 

 

0.93

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

301 / 361

 

 

 

179 / 293

 

 

 

53 / 218

 

 

 

 

 

 

 

 

 

 

 

36 / 156

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Select Value Fund (2)

 

225.80

 

3/31/2009

 

1.53

 

-37.76

 

38

%

-13.16

 

19

%

-4.59

 

61

%

 

 

 

 

3/8/2002

 

-0.62

 

3/8/2002

 

45

%

5.75

 

-41.34

 

-14.85

 

-5.71

 

 

 

-1.45

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

136 / 361

 

 

 

55 / 293

 

 

 

132 / 218

 

 

 

 

 

 

 

 

 

 

 

72 / 161

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2010 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement PlusSM 2010 Fund

 

8.00

 

3/31/2009

 

1.49

 

-26.24

 

59

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

-7.54

 

5/18/2006

 

67

%

5.75

 

-30.48

 

 

 

 

 

 

 

-9.43

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

104 / 178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

69 / 102

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2015 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2015 Fund

 

16.90

 

3/31/2009

 

1.31

 

-30.55

 

64

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

-9.47

 

5/18/2006

 

66

%

5.75

 

-34.55

 

 

 

 

 

 

 

-11.32

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

76 / 118

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

34 / 51

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman TargETFund 2015

 

22.00

 

3/31/2009

 

1.50

 

-37.59

 

94

%

-13.39

 

94

%

 

 

 

 

 

 

 

 

10/3/2005

 

-9.29

 

10/3/2005

 

94

%

5.75

 

-41.18

 

-15.08

 

 

 

 

 

-10.81

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

111 / 118

 

 

 

40 / 42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

40 / 42

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2020 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2020 Fund

 

17.60

 

3/31/2009

 

1.29

 

-34.17

 

77

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

-11.19

 

5/18/2006

 

71

%

5.75

 

-37.96

 

 

 

 

 

 

 

-13.00

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

121 / 158

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

61 / 86

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2025 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2025 Fund

 

19.70

 

3/31/2009

 

1.34

 

-35.97

 

67

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

-12.34

 

5/18/2006

 

55

%

5.75

 

-39.66

 

 

 

 

 

 

 

-14.13

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

69 / 103

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20 / 36

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman TargETFund 2025

 

24.30

 

3/31/2009

 

1.56

 

-40.57

 

91

%

-14.72

 

82

%

 

 

 

 

 

 

 

 

10/3/2005

 

-10.11

 

10/3/2005

 

85

%

5.75

 

-43.98

 

-16.39

 

 

 

 

 

-11.62

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

94 / 103

 

 

 

26 / 31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27 / 31

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2030 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2030 Fund

 

21.60

 

3/31/2009

 

1.32

 

-36.05

 

52

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

-12.20

 

5/18/2006

 

41

%

5.75

 

-39.72

 

 

 

 

 

 

 

-13.99

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

79 / 151

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

34 / 83

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2035 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2035 Fund

 

13.60

 

3/31/2009

 

1.51

 

-36.14

 

40

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

-12.46

 

5/18/2006

 

40

%

5.75

 

-39.81

 

 

 

 

 

 

 

-14.25

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

39 / 98

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13 / 32

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman TargETFund 2035

 

6.50

 

3/31/2009

 

2.53

 

-40.29

 

79

%

 

 

 

 

 

 

 

 

 

 

 

 

10/2/2006

 

-16.49

 

10/2/2006

 

58

%

5.75

 

-43.72

 

 

 

 

 

 

 

-18.45

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

78 / 98

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26 / 44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

35



 

Equity Fund Performance & Lipper Ranking

As of March 31, 2009

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 at 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

 

Mixed-Asset Target 2040 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2040 Fund

 

9.20

 

3/31/2009

 

1.66

 

-35.94

 

21

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

-12.20

 

5/18/2006

 

16

%

5.75

 

-39.63

 

 

 

 

 

 

 

-13.99

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

29 / 143

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12 / 76

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target 2045 Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Retirement Plus 2045 Fund

 

8.70

 

3/31/2009

 

2.10

 

-36.13

 

32

%

 

 

 

 

 

 

 

 

 

 

 

 

5/18/2006

 

-12.36

 

5/18/2006

 

32

%

5.75

 

-39.80

 

 

 

 

 

 

 

-14.15

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

28 / 89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7 / 21

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman TargETFund 2045

 

3.50

 

3/31/2009

 

3.09

 

-40.44

 

67

%

 

 

 

 

 

 

 

 

 

 

 

 

10/2/2006

 

-16.55

 

10/2/2006

 

42

%

5.75

 

-43.87

 

 

 

 

 

 

 

-18.51

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

60 / 89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15 / 35

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target Allocation Conservative Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Conservative Fund

 

209.60

 

3/31/2009

 

1.06

 

-11.10

 

15

%

-0.90

 

17

%

1.08

 

18

%

 

 

 

 

3/4/2004

 

1.15

 

3/4/2004

 

17

%

4.75

 

-15.32

 

-2.50

 

0.10

 

 

 

0.18

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

63 / 433

 

 

 

57 / 336

 

 

 

36 / 201

 

 

 

 

 

 

 

 

 

 

 

33 / 201

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Moderate Conservative Fund

 

334.30

 

3/31/2009

 

1.09

 

-17.61

 

54

%

-3.38

 

46

%

0.35

 

31

%

 

 

 

 

3/4/2004

 

0.38

 

3/4/2004

 

31

%

4.75

 

-21.52

 

-4.94

 

-0.62

 

 

 

-0.58

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

232 / 433

 

 

 

152 / 336

 

 

 

62 / 201

 

 

 

 

 

 

 

 

 

 

 

61 / 201

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target Allocation Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Moderate Aggressive Fund

 

778.20

 

3/31/2009

 

1.21

 

-29.94

 

55

%

-8.80

 

51

%

-1.84

 

38%

 

 

 

 

 

3/4/2004

 

-1.84

 

3/4/2004

 

35

%

5.75

 

-33.97

 

-10.58

 

-2.99

 

 

 

-2.98

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

370 / 682

 

 

 

274 / 542

 

 

 

171 / 449

 

 

 

 

 

 

 

 

 

 

 

152 / 445

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Income and Growth Fund

 

35.40

 

3/31/2009

 

1.46

 

-34.99

 

86

%

-13.37

 

92

%

-6.57

 

97

%

-3.59

 

98

%

3/31/1947

 

^

 

 

 

 

 

5.75

 

-38.73

 

-15.06

 

-7.67

 

-4.16

 

^

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

581 / 682

 

 

 

495 / 542

 

 

 

435 / 449

 

 

 

245 / 249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target Allocation Moderate Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Balanced Fund

 

502.10

 

3/31/2009

 

0.95

 

-29.54

 

78

%

-9.27

 

77

%

-3.10

 

78

%

-3.20

 

99

%

4/16/1940

 

^

 

 

 

 

 

5.75

 

-33.59

 

-11.04

 

-4.24

 

-3.77

 

^

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

404 / 523

 

 

 

301 / 392

 

 

 

226 / 290

 

 

 

153 / 154

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Moderate Fund

 

837.80

 

3/31/2009

 

1.13

 

-24.08

 

39

%

-6.10

 

33

%

-0.62

 

25

%

 

 

 

 

3/4/2004

 

-0.56

 

3/4/2004

 

21

%

5.75

 

-28.45

 

-7.94

 

-1.79

 

 

 

-1.72

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

202 / 523

 

 

 

129 / 392

 

 

 

72 / 290

 

 

 

 

 

 

 

 

 

 

 

60 / 285

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Asset Allocation Balanced Fund

 

7.60

 

3/31/2009

 

2.19

 

-38.50

 

96

%

-13.59

 

94

%

-5.53

 

95

%

 

 

 

 

1/10/2000

 

-4.84

 

1/10/2000

 

100

%

5.75

 

-42.03

 

-15.28

 

-6.64

 

 

 

-5.45

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

502 / 523

 

 

 

367 / 392

 

 

 

274 / 290

 

 

 

 

 

 

 

 

 

 

 

158 / 158

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman TargETFund Core

 

50.00

 

3/31/2009

 

1.34

 

-30.95

 

86

%

-9.57

 

79

%

 

 

 

 

 

 

 

 

10/3/2005

 

-7.06

 

10/3/2005

 

81

%

5.75

 

-34.92

 

-11.33

 

 

 

 

 

-8.63

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

450 / 523

 

 

 

308 / 392

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

298 / 368

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi Cap Core Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Large Cap Growth Fund

 

307.60

 

3/31/2009

 

1.13

 

-36.03

 

29

%

 

 

 

 

 

 

 

 

 

 

 

 

5/17/2007

 

-26.03

 

5/17/2007

 

32

%

5.75

 

-39.70

 

 

 

 

 

 

 

-28.33

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

222 / 774

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

226 / 718

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Fundamental Value Fund (2)

 

456.70

 

3/31/2009

 

1.27

 

-42.18

 

82

%

-15.04

 

66

%

-5.97

 

73

%

 

 

 

 

6/18/2001

 

-3.02

 

6/18/2001

 

60

%

5.75

 

-45.51

 

-16.70

 

-7.07

 

 

 

-3.76

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

629 / 774

 

 

 

410 / 629

 

 

 

341 / 470

 

 

 

 

 

 

 

 

 

 

 

177 / 296

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Aggressive Fund

 

354.80

 

3/31/2009

 

1.28

 

-35.37

 

24

%

-11.71

 

17

%

-3.13

 

19

%

 

 

 

 

3/4/2004

 

-3.20

 

3/4/2004

 

16

%

5.75

 

-39.09

 

-13.44

 

-4.27

 

 

 

-4.33

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

179 / 774

 

 

 

104 / 629

 

 

 

87 / 470

 

 

 

 

 

 

 

 

 

 

 

72 / 461

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Portfolio Builder Total Equity Fund

 

292.50

 

3/31/2009

 

1.33

 

-40.89

 

72

%

-14.73

 

61

%

-4.53

 

46

%

 

 

 

 

3/4/2004

 

-4.67

 

3/4/2004

 

39

%

5.75

 

-44.29

 

-16.40

 

-5.65

 

 

 

-5.77

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

558 / 774

 

 

 

381 / 629

 

 

 

215 / 470

 

 

 

 

 

 

 

 

 

 

 

179 / 461

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Asset Allocation Aggressive Growth Fund

 

10.20

 

3/31/2009

 

2.30

 

-42.08

 

81

%

-15.33

 

70

%

-4.37

 

41

%

 

 

 

 

1/10/2000

 

-3.54

 

1/10/2000

 

64

%

5.75

 

-45.41

 

-16.99

 

-5.50

 

 

 

-4.16

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

624 / 774

 

 

 

438 / 629

 

 

 

192 / 470

 

 

 

 

 

 

 

 

 

 

 

138 / 215

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Asset Allocation Growth Fund

 

15.60

 

3/31/2009

 

2.19

 

-44.08

 

91

%

-16.16

 

81

%

-5.17

 

60

%

 

 

 

 

1/10/2000

 

-4.04

 

1/10/2000

 

70

%

5.75

 

-47.30

 

-17.80

 

-6.28

 

 

 

-4.65

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

701 / 774

 

 

 

506 / 629

 

 

 

280 / 470

 

 

 

 

 

 

 

 

 

 

 

150 / 215

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Asset Allocation Moderate Growth Fund

 

17.00

 

3/31/2009

 

2.08

 

-42.90

 

86

%

-15.43

 

71

%

-5.24

 

62

%

 

 

 

 

1/10/2000

 

-4.21

 

1/10/2000

 

74

%

5.75

 

-46.18

 

-17.08

 

-6.36

 

 

 

-4.83

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

660 / 774

 

 

 

447 / 629

 

 

 

291 / 470

 

 

 

 

 

 

 

 

 

 

 

159 / 215

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Common Stock Fund

 

85.50

 

3/31/2009

 

1.33

 

-45.26

 

96

%

-19.30

 

97

%

-9.55

 

97

%

-7.28

 

98

%

12/31/1929

 

^

 

 

 

 

 

5.75

 

-48.41

 

-20.87

 

-10.62

 

-7.82

 

^

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

740 / 774

 

 

 

608 / 629

 

 

 

456 / 470

 

 

 

184 / 187

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Real Estate Fund

 

113.30

 

3/31/2009

 

1.45

 

-58.10

 

42

%

-25.14

 

41

%

-7.74

 

23

%

 

 

 

 

3/4/2004

 

-7.07

 

3/4/2004

 

24

%

5.75

 

-60.51

 

-26.60

 

-8.82

 

 

 

-8.15

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

110 / 261

 

 

 

87 / 214

 

 

 

41 / 184

 

 

 

 

 

 

 

 

 

 

 

40 / 167

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman LaSalle Monthly Dividend Real Estate Fund (2)

 

18.80

 

3/31/2009

 

1.79

 

-66.77

 

90

%

-33.36

 

89

%

-16.91

 

89

%

 

 

 

 

7/16/2003

 

-10.98

 

7/16/2003

 

93

%

5.75

 

-68.68

 

-34.66

 

-17.89

 

 

 

-11.90

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

234 / 261

 

 

 

190 / 214

 

 

 

163 / 184

 

 

 

 

 

 

 

 

 

 

 

128 / 138

 

 

 

 

 

 

 

 

 

 

 

 

 

S&P 500 Index Objective Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource S&P 500 Index Fund (3)

 

100.00

 

3/31/2009

 

0.74

 

-38.09

 

23

%

-13.32

 

39

%

-5.22

 

60

%

 

 

 

 

10/25/1999

 

-3.88

 

10/28/1999

 

75

%

N/A

 

-38.09

 

-13.32

 

-5.22

 

 

 

-3.88

 

Science & Technology Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Communications & Information Fund

 

2,382.40

 

3/31/2009

 

1.46

 

-18.90

 

4

%

-4.47

 

8

%

1.87

 

10

%

1.71

 

16

%

6/23/1983

 

12.36

 

6/30/1983

 

20

%

5.75

 

-23.56

 

-6.34

 

0.67

 

1.11

 

12.11

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

6 / 155

 

 

 

11 / 139

 

 

 

12 / 126

 

 

 

7 / 44

 

 

 

 

 

 

 

1 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

36



 

Equity Fund Performance & Lipper Ranking

As of March 31, 2009

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 at 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)

 

107.80

 

3/31/2009

 

1.70

 

-38.75

 

56

%

-18.36

 

64

%

-5.71

 

54

%

 

 

 

 

3/8/2002

 

-2.30

 

3/8/2002

 

70

%

5.75

 

-42.27

 

-19.96

 

-6.82

 

 

 

-3.11

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

423 / 762

 

 

 

388 / 610

 

 

 

262 / 486

 

 

 

 

 

 

 

 

 

 

 

273 / 393

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Small Cap Value Fund (2)

 

257.30

 

3/31/2009

 

1.57

 

-38.74

 

56

%

-17.14

 

47

%

-5.58

 

52

%

 

 

 

 

6/18/2001

 

0.66

 

6/18/2001

 

38

%

5.75

 

-42.26

 

-18.76

 

-6.69

 

 

 

-0.10

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

420 / 762

 

 

 

284 / 610

 

 

 

252 / 486

 

 

 

 

 

 

 

 

 

 

 

125 / 335

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Small Cap Advantage Fund

 

119.40

 

3/31/2009

 

1.34

 

-40.94

 

79

%

-21.06

 

90

%

-8.34

 

90

%

 

 

 

 

5/4/1999

 

-0.74

 

5/6/1999

 

93

%

5.75

 

-44.34

 

-22.60

 

-9.42

 

 

 

-1.33

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

600 / 762

 

 

 

544 / 610

 

 

 

434 / 486

 

 

 

 

 

 

 

 

 

 

 

216 / 233

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Small Company Index Fund

 

306.50

 

3/31/2009

 

1.04

 

-38.15

 

44

%

-16.84

 

43

%

-4.56

 

35

%

3.40

 

57

%

8/19/1996

 

4.14

 

8/22/1996

 

65

%

5.75

 

-41.71

 

-18.47

 

-5.68

 

2.79

 

3.65

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

331 / 762

 

 

 

260 / 610

 

 

 

170 / 486

 

 

 

130 / 229

 

 

 

 

 

 

 

63 / 97

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Smaller Cap Value Fund

 

100.00

 

3/31/2009

 

1.71

 

-42.14

 

86

%

-17.82

 

56

%

-7.12

 

76

%

3.83

 

50

%

4/25/1997

 

3.43

 

4/25/1997

 

78

%

5.75

 

-45.47

 

-19.43

 

-8.21

 

3.21

 

2.92

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

650 / 762

 

 

 

338 / 610

 

 

 

369 / 486

 

 

 

115 / 229

 

 

 

 

 

 

 

31 / 39

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Cap Growth Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Partners Small Cap Growth
Fund
(2)

 

82.60

 

3/31/2009

 

1.79

 

-42.01

 

83

%

-18.61

 

66

%

-7.68

 

74

%

 

 

 

 

1/24/2001

 

-6.49

 

1/24/2001

 

74

%

5.75

 

-45.34

 

-20.20

 

-8.76

 

 

 

-7.17

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

488 / 593

 

 

 

334 / 506

 

 

 

306 / 413

 

 

 

 

 

 

 

 

 

 

 

219 / 295

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Frontier Fund

 

31.20

 

3/31/2009

 

2.06

 

-34.40

 

21

%

-15.53

 

27

%

-6.87

 

61

%

-2.00

 

80

%

12/10/1984

 

7.21

 

12/31/1984

 

70

%

5.75

 

-38.17

 

-17.18

 

-7.97

 

-2.58

 

6.95

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

124 / 593

 

 

 

134 / 506

 

 

 

250 / 413

 

 

 

166 / 207

 

 

 

 

 

 

 

7 / 9

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Cap Value Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Disciplined Small Cap Value Fund

 

47.00

 

3/31/2009

 

1.59

 

-39.28

 

50

%

-20.18

 

71

%

 

 

 

 

 

 

 

 

2/16/2006

 

-18.42

 

2/16/2006

 

72

%

5.75

 

-42.77

 

-21.74

 

 

 

 

 

-19.96

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

164 / 329

 

 

 

199 / 280

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

195 / 270

 

 

 

 

 

 

 

 

 

 

 

 

 

 


^

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

(1)

Since inception returns 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



 

Fixed Income Fund Performance & Lipper Ranking

As of March 31, 2009

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

 

Taxable Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emerging Markets Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Emerging Markets Bond Fund

 

145.50

 

3/31/2009

 

1.41

 

-15.53

 

52

%

-1.01

 

63

%

 

 

 

 

 

 

 

 

2/16/2006

 

-1.25

 

2/16/2006

 

64

%

4.75

 

-19.54

 

-2.61

 

 

 

 

 

-2.77

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

47 / 91

 

 

 

37 / 58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

37 / 57

 

 

 

 

 

 

 

 

 

 

 

 

 

Flexible Portfolio Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Absolute Return Currency & Income Fund

 

639.10

 

3/31/2009

 

1.39

 

1.87

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

6/15/2006

 

3.61

 

6/15/2006

 

10

%

3

 

-1.19

 

 

 

 

 

 

 

2.48

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

4 / 179

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11 / 117

 

 

 

 

 

 

 

 

 

 

 

 

 

General U.S. Government Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman U.S. Government Securities Fund

 

79.10

 

3/31/2009

 

1.38

 

6.70

 

21

%

6.31

 

31

%

3.30

 

58

%

4.51

 

64

%

3/11/1985

 

6.69

 

3/31/1985

 

50

%

4.5

 

1.89

 

4.69

 

2.35

 

4.03

 

6.49

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

33 / 158

 

 

 

44 / 144

 

 

 

73 / 125

 

 

 

49 / 76

 

 

 

 

 

 

 

5 / 9

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Income Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Global Bond Fund

 

432.60

 

3/31/2009

 

1.32

 

-6.98

 

35

%

3.73

 

26

%

2.65

 

47

%

4.33

 

55

%

3/20/1989

 

6.79

 

3/31/1989

 

38

%

4.75

 

-11.40

 

2.06

 

1.65

 

3.82

 

6.53

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

43 / 122

 

 

 

25 / 97

 

 

 

42 / 89

 

 

 

30 / 54

 

 

 

 

 

 

 

3 / 7

 

 

 

 

 

 

 

 

 

 

 

 

 

High Current Yield Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource High Yield Bond Fund

 

960.60

 

3/31/2009

 

1.13

 

-18.39

 

46

%

-4.89

 

47

%

0.27

 

27

%

1.43

 

56

%

12/8/1983

 

6.61

 

12/31/1983

 

46

%

4.75

 

-22.27

 

-6.42

 

-0.70

 

0.94

 

6.41

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

210 / 463

 

 

 

184 / 392

 

 

 

88 / 336

 

 

 

116 / 208

 

 

 

 

 

 

 

10 / 21

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Income Opportunities Fund

 

341.60

 

3/31/2009

 

1.17

 

-12.88

 

11

%

-2.53

 

11

%

0.99

 

12

%

 

 

 

 

6/19/2003

 

2.49

 

6/19/2003

 

16

%

4.75

 

-17.02

 

-4.09

 

0.01

 

 

 

1.63

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

47 / 463

 

 

 

41 / 392

 

 

 

40 / 336

 

 

 

 

 

 

 

 

 

 

 

50 / 322

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman High Yield Fund

 

142.00

 

3/31/2009

 

1.38

 

-23.89

 

80

%

-7.70

 

84

%

-2.64

 

86

%

-2.78

 

95

%

3/11/1985

 

5.34

 

3/31/1985

 

81

%

4.5

 

-27.32

 

-9.11

 

-3.53

 

-3.23

 

5.14

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

371 / 463

 

 

 

327 / 392

 

288 / 336

 

197 / 208

 

 

 

 

 

 

 

 

 

 

 

21 / 25

 

 

 

 

 

 

 

 

 

 

 

 

 

Intermediate Investment Grade Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Diversified Bond Fund

 

3,356.00

 

3/31/2009

 

0.95

 

-2.83

 

47

%

2.39

 

53

%

2.13

 

50

%

3.74

 

70

%

10/3/1974

 

8.60

 

10/31/1974

 

25

%

4.75

 

-7.45

 

0.74

 

1.14

 

3.24

 

8.45

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

268 / 580

 

 

 

252 / 480

 

 

 

197 / 401

 

 

 

146 / 208

 

 

 

 

 

 

 

1 / 3

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Core Fixed Income Fund

 

18.10

 

3/31/2009

 

2.13

 

-2.99

 

49

%

2.13

 

56

%

1.29

 

66

%

 

 

 

 

10/1/2001

 

2.75

 

10/1/2001

 

69

%

4.5

 

-7.36

 

0.57

 

0.36

 

 

 

2.12

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

280 / 580

 

 

 

266 / 480

 

 

 

265 / 401

 

 

 

 

 

 

 

 

 

 

 

219 / 321

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Participation Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Floating Rate Fund

 

327.60

 

3/31/2009

 

1.09

 

-19.71

 

73

%

-7.15

 

68

%

 

 

 

 

 

 

 

 

2/16/2006

 

-6.51

 

2/16/2006

 

62

%

3

 

-22.12

 

-8.09

 

 

 

 

 

-7.42

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

68 / 93

 

 

 

37 / 54

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33 / 53

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed-Asset Target Allocation Conservative Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Income Builder Basic Income Fund

 

215.30

 

3/31/2009

 

1.02

 

-14.74

 

27

%

-2.18

 

28

%

 

 

 

 

 

 

 

 

2/16/2006

 

-1.96

 

2/16/2006

 

28

%

4.75

 

-18.79

 

-3.76

 

 

 

 

 

-3.47

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

115 / 433

 

 

 

91 / 336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

92 / 334

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Income Builder Moderate Income Fund

 

368.50

 

3/31/2009

 

1.07

 

-18.13

 

58

%

-3.77

 

51

%

 

 

 

 

 

 

 

 

2/16/2006

 

-3.42

 

2/16/2006

 

50

%

4.75

 

-22.02

 

-5.32

 

 

 

 

 

-4.91

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

250 / 433

 

 

 

170 / 336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

167 / 334

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Income Builder Enhanced Income Fund

 

179.60

 

3/31/2009

 

1.13

 

-19.07

 

64

%

-4.36

 

59

%

 

 

 

 

 

 

 

 

2/16/2006

 

-3.91

 

2/16/2006

 

58

%

4.75

 

-22.91

 

-5.90

 

 

 

 

 

-5.39

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

277 / 433

 

 

 

197 / 336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

193 / 334

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Sector Income Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Strategic Income Allocation Fund

 

172.30

 

3/31/2009

 

1.13

 

-8.93

 

24

%

 

 

 

 

 

 

 

 

 

 

 

 

5/17/2007

 

-5.60

 

5/17/2007

 

46

%

4.75

 

-13.25

 

 

 

 

 

 

 

-8.02

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

35 / 151

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

59 / 129

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-Intermediate Investment Grade Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Limited Duration Bond Fund

 

163.10

 

3/31/2009

 

1.08

 

-3.03

 

68

%

1.78

 

70

%

1.60

 

62

%

 

 

 

 

6/19/2003

 

1.65

 

6/19/2003

 

62

%

3

 

-5.94

 

0.75

 

0.98

 

 

 

1.12

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

103 / 151

 

 

 

97 / 139

 

 

 

81 / 130

 

 

 

 

 

 

 

 

 

 

 

74 / 120

 

 

 

 

 

 

 

 

 

 

 

 

 

Short U.S. Government Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Short Duration U.S. Government Fund

 

733.00

 

3/31/2009

 

1.04

 

-0.20

 

85

%

2.92

 

86

%

2.07

 

87

%

3.13

 

84

%

8/19/1985

 

5.89

 

8/31/1985

 

17

%

3

 

-3.20

 

1.88

 

1.45

 

2.82

 

5.75

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

76 / 89

 

 

 

71 / 82

 

 

 

68 / 78

 

 

 

45 / 53

 

 

 

 

 

 

 

1 / 5

 

 

 

 

 

 

 

 

 

 

 

 

 

Treasury Inflation Protected Securities Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Inflation Protected Securities Fund

 

667.70

 

3/31/2009

 

0.93

 

-2.56

 

29

%

5.14

 

31

%

3.57

 

34

%

 

 

 

 

3/4/2004

 

3.75

 

3/4/2004

 

34

%

3

 

-5.49

 

4.08

 

2.94

 

 

 

3.12

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

38 / 131

 

 

 

34 / 109

 

 

 

19 / 55

 

 

 

 

 

 

 

 

 

 

 

19 / 55

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Mortgage Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource U.S. Government Mortgage Fund

 

334.60

 

3/31/2009

 

1.09

 

-0.47

 

75

%

3.10

 

66

%

2.71

 

62

%

 

 

 

 

2/14/2002

 

3.55

 

2/14/2002

 

60

%

4.75

 

-5.20

 

1.44

 

1.72

 

 

 

2.85

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

72 / 95

 

 

 

58 / 88

 

 

 

53 / 85

 

 

 

 

 

 

 

 

 

 

 

45 / 75

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax-Exempt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

California Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource California Tax-Exempt Fund

 

158.70

 

3/31/2009

 

0.87

 

-1.96

 

32

%

0.66

 

37

%

1.75

 

32

%

3.23

 

36

%

8/18/1986

 

5.20

 

8/31/1986

 

80

%

4.75

 

-6.61

 

-0.96

 

0.76

 

2.73

 

4.98

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

38 / 121

 

 

 

41 / 110

 

 

 

32 / 101

 

 

 

26 / 72

 

 

 

 

 

 

 

16 / 19

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal California High-Yield Fund

 

35.00

 

3/31/2009

 

1.06

 

-1.22

 

17

%

1.87

 

4

%

2.57

 

2

%

3.88

 

10

%

11/20/1984

 

6.87

 

11/30/1984

 

17

%

4.5

 

-5.66

 

0.32

 

1.63

 

3.40

 

6.67

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

20 / 121

 

 

 

4 / 110

 

 

 

2 / 101

 

 

 

7 / 72

 

 

 

 

 

 

 

2 / 11

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal California Quality Fund

 

41.70

 

3/31/2009

 

1.01

 

0.70

 

5

%

2.02

 

3

%

2.43

 

7

%

3.74

 

16

%

11/20/1984

 

6.70

 

11/30/1984

 

34

%

4.5

 

-3.84

 

0.47

 

1.49

 

3.26

 

6.50

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

5 / 121

 

 

 

3 / 110

 

 

 

7 / 101

 

 

 

11 / 72

 

 

 

 

 

 

 

4 / 11

 

 

 

 

 

 

 

 

 

 

 

 

 

Colorado Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Colorado Fund

 

31.20

 

3/31/2009

 

0.98

 

2.30

 

5

%

3.21

 

10

%

3.12

 

10

%

4.19

 

12

%

5/1/1986

 

5.52

 

5/31/1986

 

50

%

4.5

 

-2.30

 

1.63

 

2.18

 

3.71

 

5.31

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

1 / 22

 

 

 

2 / 20

 

 

 

2 / 20

 

 

 

2 / 16

 

 

 

 

 

 

 

1 / 1

 

 

 

 

 

 

 

 

 

 

 

 

 

Florida Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Florida Fund

 

21.20

 

3/31/2009

 

1.22

 

0.98

 

6

%

2.25

 

17

%

2.34

 

23

%

3.79

 

20

%

11/17/1986

 

5.69

 

11/30/1986

 

50

%

4.5

 

-3.56

 

0.70

 

1.40

 

3.31

 

5.47

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

1 / 17

 

 

 

3 / 17

 

 

 

4 / 17

 

 

 

3 / 14

 

 

 

 

 

 

 

1 / 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

38



 

Fixed Income Fund Performance & Lipper Ranking

As of March 31, 2009

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
Assets

 

Total Net
Assets

 

Gross
Expense

 

1 year

 

3 years

 

5 years

 

10 years

 

Fund
Inception

 

Since
Inception

 

Ranking Since

 

Max. Front
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

 

General Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Tax-Exempt High Income Fund

 

2,196.00

 

3/31/2009

 

0.99

 

-2.95

 

59

%

0.40

 

61

%

1.25

 

62

%

3.00

 

52

%

5/7/1979

 

6.23

 

5/31/1979

 

48

%

4.75

 

-7.56

 

-1.22

 

0.27

 

2.50

 

6.06

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

142 / 240

 

 

 

131 / 214

 

 

 

126 / 205

 

 

 

81 / 157

 

 

 

 

 

 

 

10 / 20

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Tax-Exempt Bond Fund

 

643.50

 

3/31/2009

 

0.89

 

-1.04

 

40

%

1.17

 

43

%

1.71

 

47

%

3.28

 

40

%

11/24/1976

 

5.58

 

11/30/1976

 

63

%

4.75

 

-5.74

 

-0.46

 

0.72

 

2.77

 

5.42

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

94 / 240

 

 

 

91 / 214

 

 

 

95 / 205

 

 

 

62 / 157

 

 

 

 

 

 

 

5 / 7

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal National Fund

 

217.00

 

3/31/2009

 

0.96

 

0.38

 

22

%

2.14

 

18

%

2.37

 

23

%

3.43

 

32

%

12/30/1983

 

6.85

 

12/31/1983

 

38

%

4.5

 

-4.14

 

0.59

 

1.43

 

2.95

 

6.65

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

53 / 240

 

 

 

37 / 214

 

 

 

46 / 205

 

 

 

50 / 157

 

 

 

 

 

 

 

12 / 31

 

 

 

 

 

 

 

 

 

 

 

 

 

Georgia Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Georgia Fund

 

22.90

 

3/31/2009

 

1.03

 

0.01

 

40

%

1.52

 

50

%

1.75

 

55

%

3.22

 

59

%

6/15/1987

 

5.59

 

6/30/1987

 

67

%

4.5

 

-4.49

 

-0.03

 

0.81

 

2.75

 

5.37

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

9 / 22

 

 

 

10 / 19

 

 

 

11 / 19

 

 

 

10 / 16

 

 

 

 

 

 

 

2 / 2

 

 

 

 

 

 

 

 

 

 

 

 

 

Intermediate Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Intermediate Tax-Exempt Fund

 

85.50

 

3/31/2009

 

0.96

 

1.19

 

56

%

2.28

 

68

%

1.94

 

72

%

3.40

 

71

%

11/13/1996

 

3.67

 

11/14/1996

 

80

%

3

 

-1.84

 

1.25

 

1.32

 

3.09

 

3.41

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

90 / 161

 

 

 

101 / 148

 

 

 

94 / 130

 

 

 

54 / 76

 

 

 

 

 

 

 

54 / 67

 

 

 

 

 

 

 

 

 

 

 

 

 

Massachusetts Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Massachusetts Fund

 

59.70

 

3/31/2009

 

0.93

 

2.94

 

5

%

3.47

 

3

%

2.84

 

11

%

4.14

 

16

%

12/30/1983

 

6.71

 

12/31/1983

 

67

%

4.5

 

-1.69

 

1.89

 

1.89

 

3.67

 

6.51

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

2 / 44

 

 

 

1 / 39

 

 

 

4 / 38

 

 

 

5 / 32

 

 

 

 

 

 

 

2 / 2

 

 

 

 

 

 

 

 

 

 

 

 

 

Maryland Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Maryland Fund

 

34.20

 

3/31/2009

 

0.98

 

3.68

 

12

%

3.56

 

10

%

3.33

 

4

%

3.98

 

19

%

10/1/1985

 

6.09

 

10/31/1985

 

34

%

4.5

 

-0.99

 

1.98

 

2.39

 

3.50

 

5.88

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

4 / 34

 

 

 

3 / 29

 

 

 

1 / 28

 

 

 

4 / 21

 

 

 

 

 

 

 

1 / 2

 

 

 

 

 

 

 

 

 

 

 

 

 

Michigan Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Michigan Fund

 

66.40

 

3/31/2009

 

0.93

 

0.84

 

8

%

2.11

 

20

%

2.20

 

43

%

3.71

 

32

%

7/18/1984

 

6.83

 

7/31/1984

 

50

%

4.5

 

-3.70

 

0.56

 

1.26

 

3.24

 

6.63

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

2 / 26

 

 

 

4 / 20

 

 

 

9 / 20

 

 

 

6 / 18

 

 

 

 

 

 

 

1 / 1

 

 

 

 

 

 

 

 

 

 

 

 

 

Minnesota Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource Minnesota Tax-Exempt Fund

 

302.80

 

3/31/2009

 

0.99

 

1.56

 

28

%

2.30

 

38

%

2.33

 

49

%

3.55

 

46

%

8/18/1986

 

5.47

 

8/31/1986

 

84

%

4.75

 

-3.26

 

0.65

 

1.34

 

3.05

 

5.25

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

11 / 39

 

 

 

13 / 34

 

 

 

16 / 32

 

 

 

14 / 30

 

 

 

 

 

 

 

5 / 5

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Minnesota Fund

 

69.80

 

3/31/2009

 

0.93

 

3.56

 

10

%

3.32

 

9

%

2.79

 

25

%

3.85

 

26

%

12/30/1983

 

6.31

 

12/31/1983

 

50

%

4.5

 

-1.10

 

1.75

 

1.85

 

3.37

 

6.12

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

4 / 39

 

 

 

3 / 34

 

 

 

8 / 32

 

 

 

8 / 30

 

 

 

 

 

 

 

1 / 1

 

 

 

 

 

 

 

 

 

 

 

 

 

Missouri Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Missouri Fund

 

25.40

 

3/31/2009

 

0.98

 

1.78

 

6

%

2.61

 

7

%

2.55

 

7

%

3.88

 

16

%

7/1/1986

 

5.76

 

7/31/1986

 

50

%

4.5

 

-2.80

 

1.04

 

1.61

 

3.40

 

5.54

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

1 / 16

 

 

 

1 / 15

 

 

 

1 / 14

 

 

 

2 / 12

 

 

 

 

 

 

 

1 / 1

 

 

 

 

 

 

 

 

 

 

 

 

 

North Carolina Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal North Carolina Fund

 

14.20

 

3/31/2009

 

1.41

 

4.58

 

4

%

3.56

 

4

%

2.80

 

9

%

3.85

 

24

%

8/27/1990

 

5.43

 

8/31/1990

 

40

%

4.5

 

-0.12

 

1.99

 

1.86

 

3.37

 

5.17

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

1 / 29

 

 

 

1 / 24

 

 

 

2 / 23

 

 

 

5 / 20

 

 

 

 

 

 

 

2 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

New Jersey Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal New Jersey Fund

 

27.30

 

3/31/2009

 

1.26

 

0.31

 

19

%

1.99

 

32

%

2.19

 

52

%

3.46

 

41

%

2/16/1988

 

5.50

 

2/29/1988

 

80

%

4.5

 

-4.20

 

0.44

 

1.25

 

2.98

 

5.27

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

9 / 47

 

 

 

12 / 37

 

 

 

19 / 36

 

 

 

13 / 31

 

 

 

 

 

 

 

4 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

New York Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RiverSource New York Tax-Exempt Fund

 

53.70

 

3/31/2009

 

1.12

 

-0.42

 

37

%

1.54

 

47

%

1.86

 

49

%

3.36

 

43

%

8/18/1986

 

5.18

 

8/31/1986

 

83

%

4.75

 

-5.15

 

-0.09

 

0.87

 

2.86

 

4.95

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

36 / 97

 

 

 

42 / 90

 

 

 

44 / 90

 

 

 

30 / 70

 

 

 

 

 

 

 

14 / 16

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal New York Fund

 

79.80

 

3/31/2009

 

0.90

 

2.38

 

6

%

2.97

 

8

%

2.84

 

11

%

4.09

 

8

%

12/30/1983

 

6.94

 

12/31/1983

 

40

%

4.5

 

-2.22

 

1.40

 

1.90

 

3.61

 

6.75

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

5 / 97

 

 

 

7 / 90

 

 

 

10 / 90

 

 

 

5 / 70

 

 

 

 

 

 

 

2 / 4

 

 

 

 

 

 

 

 

 

 

 

 

 

Ohio Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Ohio Fund

 

84.00

 

3/31/2009

 

0.91

 

3.86

 

8

%

3.35

 

12

%

2.95

 

18

%

3.95

 

20

%

12/30/1983

 

6.72

 

12/31/1983

 

50

%

4.5

 

-0.81

 

1.78

 

2.00

 

3.47

 

6.53

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

3 / 40

 

 

 

4 / 35

 

 

 

6 / 34

 

 

 

6 / 29

 

 

 

 

 

 

 

1 / 1

 

 

 

 

 

 

 

 

 

 

 

 

 

Other States Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Louisianna Fund

 

25.00

 

3/31/2009

 

0.99

 

0.08

 

40

%

1.76

 

42

%

2.17

 

45

%

3.54

 

34

%

10/1/1985

 

6.24

 

10/31/1985

 

34

%

4.5

 

-4.42

 

0.21

 

1.23

 

3.07

 

6.03

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

60 / 151

 

 

 

58 / 138

 

 

 

59 / 133

 

 

 

38 / 114

 

 

 

 

 

 

 

2 / 5

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Oregon Fund

 

45.10

 

3/31/2009

 

0.95

 

1.97

 

16

%

2.94

 

13

%

2.93

 

8

%

3.98

 

11

%

10/15/1986

 

5.63

 

10/31/1986

 

38

%

4.5

 

-2.62

 

1.37

 

1.99

 

3.51

 

5.42

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

24 / 151

 

 

 

17 / 138

 

 

 

10 / 133

 

 

 

12 / 114

 

 

 

 

 

 

 

3 / 7

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal South Carolina Fund

 

59.10

 

3/31/2009

 

0.91

 

0.48

 

37

%

2.25

 

26

%

2.57

 

20

%

3.90

 

15

%

6/30/1987

 

5.88

 

6/30/1987

 

37

%

4.5

 

-4.04

 

0.69

 

1.63

 

3.42

 

5.66

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

56 / 151

 

 

 

36 / 138

 

 

 

26 / 133

 

 

 

17 / 114

 

 

 

 

 

 

 

4 / 10

 

 

 

 

 

 

 

 

 

 

 

 

 

Pennsylvania Municipal Debt Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seligman Municipal Pennsylvania Fund

 

13.40

 

3/31/2009

 

1.50

 

3.35

 

2

%

2.89

 

10

%

2.37

 

23

%

3.61

 

27

%

7/15/1986

 

5.92

 

7/31/1986

 

50

%

4.5

 

-1.30

 

1.32

 

1.43

 

3.13

 

5.71

 

Lipper Fund Ranking / Total Funds in Category

 

 

 

 

 

 

 

 

 

1 / 59

 

 

 

5 / 49

 

 

 

11 / 48

 

 

 

12 / 45

 

 

 

 

 

 

 

2 / 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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

 

39



 

Fund Performance & Lipper Ranking

As of March 31, 2009

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. 

 

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.

 

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 involve greater risk and potential volatility than investments in larger, more established companies.

 

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

 

Investments in Real Estate Securities may be subject to specific risks, such as risks to general and local economic conditions, and risks to individual properties.

 

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 credit risk, interest rate risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is more pronounced for longer-term securities. Non-investment grade securities have more volatile prices and carry more risk to principal and income than investment grade securities.

 

High Yield funds invest in lower-rated bonds which 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 , the RiverSource U.S. Government Mortgage Fund, the Seligman U.S. Government Securities Fund, and of the Seligman Municipal Funds 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.

 

Information regarding a Fund’s portfolio holdings should not be construed as a recommendation to buy or sell any security or as an indication that any security is suitable for a particular investor. Monthly portfolio holdings information does not represent an entire portfolio and, in the aggregate, may only represent a small portion of a Fund’s total holdings. It should not be assumed that any of the securities, transactions or  holdings listed in the links below were or will be profitable.

 

Fund returns for Seligman Capital Fund prior to September 26, 2002 do not reflect the increased management fee effective on such date. This fee, if reflected, would reduce the performance data quoted for the Fund for such periods. Seligman is waiving all or part of its investment management fee and/or reimbursing Fund expenses for Seligman California High-Yield Municipal Fund, Seligman Florida Municipal Fund,  Seligman Frontier Fund, Seligman Core Fixed Income Fund, Seligman LaSalle Global Real Estate Fund, Seligman LaSalle Monthly Dividend Real Estate Fund, Seligman Emerging Markets Fund, Seligman Global Growth Fund, Seligman International Growth Fund, Seligman TargETFund Core, Seligman TargETFund 2015, Seligman TargETFund 2025, Seligman TargETFund 2035, Seligman TargETFund 2045,  Seligman Asset Allocation Aggressive Growth Fund, Seligman Asset Allocation Growth Fund, Seligman Asset Allocation Moderate Growth Fund, Seligman Asset Allocation Balanced Fund. In addition, from time  to time, Seligman has reimbur

 

Dividends paid by Seligman LaSalle Monthly Dividend Real Estate Fund generally will be taxable as ordinary income. It is expected that income dividends paid by the Fund generally will not be eligible for the reduction in dividend tax rates set forth in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

 

The four funds within the Seligman Asset Allocation Series and Seligman TargetHorizon ETF PortfoliosSM invest in the Seligman Mutual Funds (Underlying Seligman Funds) and exchange traded funds (ETFs), respectively, to implement their unique asset allocation strategies. Investments in the underlying Seligman Funds or ETFs involve risk, including the risk of loss of principal. An investor in a Fund within the Seligman Asset Allocation Series or Seligman TargetHorizon ETF PortfoliosSM will indirectly bear the operating expenses of the Underlying Seligman Funds or ETFs, as applicable, in which the Fund invests.  Thus, the expenses borne by the investor will be higher than if he or she invested directly in the Underlying Seligman Funds or ETFs, and the returns may therefore be lower.

 

“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



 

Fund Performance & Lipper Ranking

As of March 31, 2009

Source of Data:  Lipper

 

Important Disclosures - continued

 

Investment products are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by any financial institution; and involve investment risks including possible loss of principal and fluctuation in value.

 

RiverSourceSM mutual funds are distributed by RiverSource Fund Distributors, Inc. and RiverSource Fund Distributors, Inc., Members FINRA, and managed by RiverSource Investments, LLC.

 

Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member FINRA and SIPC. Ameriprise Bank, FSB, member FDIC, provides certain deposit and lending products and services for Ameriprise Financial Services, Inc. Ameriprise Bank, FSB deposit products are FDIC-insured up to $100,000 per customer.

 

RiverSource Distributors, Inc. (Distributor), Member FINRA. Insurance and annuity products are issued by RiverSource Life Insurance Company, and in New York only by RiverSource Life Insurance Co. of New York, Albany, NY. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance products in the state of NY.

 

RiverSource®, Seligman®, and Threadneedle mutual funds are part of the RiverSource family of funds, and are distributed by RiverSource Fund Distributors, Inc., Member FINRA, and managed by RiverSource Investments, LLC. Threadneedle mutual funds are subadvised by Threadneedle International Limited. RiverSource and Threadneedle are part of Ameriprise Financial, Inc. Seligman is an offering brand of  RiverSource Investments.

 

RiverSource Investments, LLC is an SEC-registered investment adviser that offers investment products and services under the names RiverSource Institutional Advisors, RiverSource Alternative Investments, RiverSource Capital Management and RiverSource Insurance Assets.  RiverSource Investments LLC also serves as the Investment Manager for the RiverSource mutual funds.

 

Ameriprise Certificates are issued by Ameriprise Certificate Company and distributed by Ameriprise Financial Services, Inc. Member FINRA.

 

Ameriprise Auto & Home Insurance issues auto, home and umbrella insurance underwritten by AMEX Assurance Company (AMEX Assurance) or IDS Property Casualty Insurance Company (IDS Property Casualty), DePere, WI.

 

Mortgages and home equity loans are provided by Ameriprise Bank, FSB, an FDIC-insured federal savings bank. Ameriprise Bank, FSB, an Equal Housing Lender, is an Ameriprise Financial Services, Inc. company.

 

These companies, including Securities America, Inc., Member FINRA, are all affiliated with Ameriprise Financial, Inc.

 

[Not all products and all share classes are available through all firms.]

 

41



 

Exhibit B

 

 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2009

 

 

Reconciliation Tables

 

42



 

Ameriprise Financial, Inc.

Return on Equity Calculation (1)

First Quarter 2009

 

 

 

Return on Equity Calculation for the Twelve Months Ended

 

(in millions, unaudited)

 

March 31, 2008

 

June 30, 2008

 

September 30, 2008

 

December 31, 2008

 

March 31, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

Return

 

$

840

 

$

854

 

$

586

 

$

(38

)

$

(100

)

Ameriprise Financial shareholders’ equity

 

$

7,696

 

$

7,613

 

$

7,436

 

$

7,120

 

$

6,835

 

Return on Equity

 

10.9

%

11.2

%

7.9

%

(0.5

)%

(1.5

)%

 


(1)

Return on equity is calculated using the trailing twelve months income in the numerator and Ameriprise Financial shareholders’ equity, calculated using a five point average of quarter-end equity, in the denominator.

 

43



 

Exhibit C

 

 

 

Statistical Supplement Package

(unaudited)

 

First Quarter 2009

 

 

Disclosed Items

 

44



 

Ameriprise Financial, Inc.

Disclosed Items

First Quarter 2009

 

 

 

Advice & Wealth Management

 

Asset Management

 

Annuities

 

Protection

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

VA

 

Market

 

 

 

Market

 

Junior

 

 

 

 

 

Securities

 

Integration

 

Securities

 

 

 

Integration

 

Securities

 

Guarantee

 

Impacts

 

Securities

 

Impacts

 

Subordinated Notes

 

 

 

(in millions, unaudited)

 

Gains/(Losses) (1)

 

Charges (3)

 

Gains/(Losses) (1)

 

EITF 04-5 (2)

 

Charges (3)

 

Gains/(Losses) (1)

 

Impacts (4)

 

to DAC/DSIC (5)

 

Gains/(Losses) (1)

 

to DAC/DSIC (5)

 

Repurchase (6)

 

Consolidated

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Distribution fees

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

 

(15

)

 

(3

)

1

 

 

14

 

 

 

7

 

 

 

4

 

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

 

 

(12

)

 

 

 

 

 

 

50

 

38

 

Total revenues

 

(15

)

 

(3

)

(11

)

 

14

 

 

 

7

 

 

50

 

42

 

Banking and deposit interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

(15

)

 

(3

)

(11

)

 

14

 

 

 

7

 

 

50

 

42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

(200

)

6

 

 

 

 

(194

)

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

146

 

35

 

 

5

 

 

186

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

 

12

 

 

3

 

7

 

 

 

 

 

 

 

22

 

Total expenses

 

 

12

 

 

3

 

7

 

 

(54

)

41

 

 

5

 

 

14

 

Pretax segment income (loss)

 

(15

)

(12

)

(3

)

(14

)

(7

)

14

 

54

 

(41

)

7

 

(5

)

50

 

28

 

Less: Net loss attributable to noncontrolling interest

 

 

 

 

(14

)

 

 

 

 

 

 

 

(14

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) excluding net income (loss) attributable to noncontrolling interest

 

$

(15

)

$

(12

)

$

(3

)

$

 

$

(7

)

$

14

 

$

54

 

$

(41

)

$

7

 

$

(5

)

$

50

 

$

42

 

 


(1) 

Pretax net realized investment gains/(losses) on Available-for-Sale securities and other securities

(2) 

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

(3) 

Non-recurring integration charges related to J. & W. Seligman & Co. and H&R Block Financial Advisors acquisitions

(4) 

Variable annuity guarantee impacts include:

 

$267 million net benefit related to hedged variable annuity living benefits

 

$182 million increase in DAC and DSIC amortization resulting from hedged living benefits offset

 

$31 million increase in death and income benefit expenses due to lower equity market valuations

(5) 

Increase in DAC and DSIC amortization related to market

(6) 

Gain on the repurchase of certain junior subordinated notes

 

45



 

Ameriprise Financial, Inc.

Disclosed Items

Fourth Quarter 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advice & Wealth Management

 

Asset Management

 

Annuities

 

Protection

 

Corporate

 

 

 

 

 

 

 

Restructuring

 

 

 

 

 

Gain on Sale

 

Restructuring

 

 

 

VA

 

Market

 

 

 

Market

 

 

 

Junior

 

Restructuring

 

 

 

 

 

Securities

 

& Integration

 

Securities

 

 

 

of Operating

 

& Integration

 

Securities

 

Guarantee

 

Impacts

 

Securities

 

Impacts to

 

Securities

 

Subordinated Notes

 

& Integration

 

 

 

(in millions, unaudited)

 

Losses (1)

 

Charges (7)

 

Losses (1)

 

EITF 04-5 (2)

 

Assets (3)

 

Charges (7)

 

Losses (1)

 

Impacts (4)

 

to DAC/DSIC (5)

 

Losses (1)

 

DAC/DSIC (5)

 

Losses (1)

 

Repurchase (6)

 

Charges (7)

 

Consolidated

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management and financial advice fees

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Distribution fees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

 

(194

)

 

1

 

 

 

 

(169

)

 

 

(44

)

 

(14

)

 

 

 

(420

)

Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

 

 

(27

)

36

 

 

 

 

 

 

 

 

19

 

 

28

 

Total revenues

 

(194

)

 

1

 

(27

)

36

 

 

(169

)

 

 

(44

)

 

(14

)

19

 

 

(392

)

Banking and deposit interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

(194

)

 

1

 

(27

)

36

 

 

(169

)

 

 

(44

)

 

(14

)

19

 

 

(392

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest credited to fixed accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, claims, losses and settlement expenses

 

 

 

 

 

 

 

 

(7

)

32

 

 

 

 

 

 

25

 

Amortization of deferred acquisition costs

 

 

 

 

 

 

 

 

95

 

171

 

 

49

 

 

 

 

315

 

Interest and debt expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expense

 

 

12

 

 

3

 

 

5

 

 

 

 

 

 

 

 

62

 

82

 

Total expenses

 

 

12

 

 

3

 

 

5

 

 

88

 

203

 

 

49

 

 

 

62

 

422

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss)

 

(194

)

(12

)

1

 

(30

)

36

 

(5

)

(169

)

(88

)

(203

)

(44

)

(49

)

(14

)

19

 

(62

)

(814

)

Less: Net loss attributable to noncontrolling interest

 

 

 

 

(30

)

 

 

 

 

 

 

 

 

 

 

 

(30

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) excluding net income (loss) attributable to noncontrolling interest

 

$

(194

)

$

(12

)

$

1

 

$

 

$

36

 

$

(5

)

$

(169

)

$

(88

)

$

(203

)

$

(44

)

$

(49

)

$

(14

)

$

19

 

$

(62

)

$

(784

)

 


(1) 

Pretax net realized investment losses, includes:

 

Net realized gains and losses on Available-for-Sale securities, increase in reserves on bank loans and the fair value adjustment on low income housing investments

(2) 

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

(3) 

Gain on sale of operating assets

(4) 

Variable annuity guarantee impacts include:

 

$82 million net benefit related to variable annuity living benefit hedges

 

$41 million increase in DAC Amortization resulting from estimated 50% hedge offset, an immaterial portion of this offset is reflected in Benefits expenses in DSIC

 

$66 million write off related to expected reversal of FAS 157 credit spreads

 

$63 million increase in death and income benefit expenses due to lower equity market valuations

(5) 

Increase in DAC and DSIC amortization related to market

(6) 

Gain on the repurchase of certain junior subordinated notes

(7) 

Previously announced integration and restructuring charges

 

46



 

Ameriprise Financial, Inc.

Disclosed  Items

First Quarter 2008

 

 

 

Asset
Management

 

Annuities

 

Protection

 

Corporate

 

Consolidated

 

 

 

 

 

 

 

 

 

Market

 

 

 

Market

 

 

 

 

 

 

 

 

 

 

 

Investment

 

Impacts to

 

Investment

 

Impacts to

 

Investment

 

 

 

 

 

(in millions, unaudited)

 

EITF 04-5 (1)

 

Losses (2)

 

DAC/DSIC (3)

 

Losses (2)

 

DAC/DSIC (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

 

1

 

 

 

 

 

 

 

1

 

Total expenses

 

1

 

 

25

 

 

2

 

 

 

28

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss)

 

(5

)

(20

)

(25

)

(3

)

(2

)

(1

)

 

(56

)

Less: Net loss attributable to noncontrolling interest

 

(5

)

 

 

 

 

 

 

(5

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax segment income (loss) excluding net income (loss) attributable to noncontrolling interest

 

$

 

$

(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 partnerships managed by RiverSource.

(2)

Pretax realized net investment losses

(3)

Increase in DAC and DSIC amortization related to market

(4)

Exceptional tax adjustments

 

47



 

Exhibit D

 

 

 

Statistical Supplement Package

(unaudited)

 

 

First Quarter 2009

 

 

Prior Statistical Supplement Reconciliation Tables

 

48



 

Ameriprise Financial, Inc.

Reconciliation of Adjustments Affecting Historical Statistical Supplement Presentations

 

 

 

1 Qtr 2008

 

2 Qtr 2008

 

3 Qtr 2008

 

4 Qtr 2008

 

Tax Equivalent Spread - Fixed Annuities (1)

 

 

 

 

 

 

 

 

 

Rates - as previously reported

 

 

 

 

 

 

 

 

 

Gross rate of return on invested assets

 

5.4

%

5.4

%

5.3

%

5.2

%

Crediting rate

 

(3.7

)%

(3.7

)%

(3.8

)%

(3.9

)%

Tax equivalent margin spread

 

1.7

%

1.7

%

1.5

%

1.3

%

 

 

 

 

 

 

 

 

 

 

Rates - current presentation

 

 

 

 

 

 

 

 

 

Gross rate of return on invested assets

 

5.4

%

5.4

%

5.3

%

5.2

%

Crediting rate excluding capitalized interest

 

(3.7

)%

(3.7

)%

(3.7

)%

(3.8

)%

Tax equivalent margin spread

 

1.7

%

1.7

%

1.6

%

1.4

%

 

 

 

 

 

 

 

 

 

 

Protection Segment (2)

 

 

 

 

 

 

 

 

 

Premiums

 

 

 

 

 

 

 

 

 

Premiums - as previously reported

 

$

254

 

$

255

 

$

263

 

$

265

 

Premiums - current presentation

 

245

 

244

 

251

 

254

 

Change

 

$

(9

)

$

(11

)

$

(12

)

$

(11

)

 

 

 

 

 

 

 

 

 

 

Distribution expenses

 

 

 

 

 

 

 

 

 

Distribution expenses - as previously reported

 

$

14

 

$

17

 

$

16

 

$

14

 

Distribution expenses - current presentation

 

5

 

6

 

4

 

3

 

Change

 

$

9

 

$

11

 

$

12

 

$

11

 

 

 

 

 

 

 

 

 

 

 

DAC Rollforward - Life and Health

 

 

 

 

 

 

 

 

 

DAC ending balance - as previously reported

 

$

2,097

 

$

2,114

 

$

2,019

 

$

2,045

 

DAC ending balance - current presentation

 

2,001

 

2,016

 

1,920

 

1,946

 

Change

 

$

96

 

$

96

 

$

99

 

$

99

 

 


(1)

Crediting rate revised to present information excluding capitalized interest. See page 19.

(2)

Reclass coinsurance allowances from premiums to distribution expenses and deferred revenue liability to DAC. See page 21.

 

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