8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)             February 3, 2010

AMERIPRISE FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-32525	13-3180631
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
55 Ameriprise Financial Center Minneapolis, Minnesota		55474
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code     (612) 671-3131

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02               Results of Operations and Financial Conditions.

On February 3, 2010, Ameriprise Financial, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter of 2009.  A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference and furnished herewith. In addition, the Company furnishes herewith, as Exhibit 99.2, its Statistical Supplement for the quarterly period ended December 31, 2009.

We follow accounting principles generally accepted in the United States (GAAP). The press release furnished as Exhibit 99.1 and the financial information furnished as Exhibit 99.2 include information on both a GAAP and non-GAAP adjusted basis.

Certain non-GAAP measures in these exhibits exclude items that reflect certain after-tax market related impacts and our integration charges. Our non-GAAP financial measures, which our management views as important indicators of financial performance, include the following: core operating earnings; core operating earnings, after-tax; investment (gains)/losses, after-tax; restructuring and integration charges, after-tax; DAC and DSIC (benefits)/charges, after-tax; variable annuity guarantees, net of DAC and DSIC, after-tax; RiverSource 2a-7 money market funds support costs, after-tax; expenses related to unaffiliated money market funds, after-tax; debt retirement costs, after-tax; pretax segment income(loss) margin; return on allocated equity; pretax income (loss) margin; net income (loss) attributable to Ameriprise Financial margin; 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 our 2009 and 2008 operations and facilitates a more meaningful trend analysis. These non-GAAP measures were used for goal setting, certain compensation related to our annual incentive award program and evaluating our performance on a basis comparable to that used by securities analysts.

We also present in Exhibits 99.1 and 99.2 debt to capital ratios that exclude the effect of a consolidated nonrecourse collateralized debt obligation and consolidated non-recourse debt of certain property fund limited partnerships managed by our subsidiary, Threadneedle Asset Management Holdings Sarl. Management believes that the debt to capital ratios, excluding this non-recourse debt, better represent our capital structure.  In addition, we provide debt to capital ratio information that reflects an equity credit on our junior subordinated notes issued on May 26, 2006. These junior subordinated notes receive at least a 75% equity credit by the majority of the rating agencies.

Item 9.01               Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.	Description
Exhibit 99.1	Press Release dated February 3, 2010 announcing financial results for the fourth quarter of 2009
Exhibit 99.2	Statistical Supplement for the quarterly period ended December 31, 2009

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AMERIPRISE FINANCIAL, INC.
	(Registrant)
Date: February 3, 2009	By	/s/ Walter S. Berman
		Walter S. Berman
		Executive Vice President and Chief Financial Officer

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EX-99.1

Exhibit 99.1

Ameriprise Financial, Inc.

Ameriprise Financial Center

Minneapolis, MN  55474

News Release

Ameriprise Financial Reports

Fourth Quarter and Full Year 2009 Results

Fourth quarter 2009 net income was $237 million, or $0.90 per diluted share,
on revenues of $2.3 billion

Full year 2009 net income was $722 million, or $2.95 per diluted share,
on revenues of $7.8 billion

Company’s balance sheet remains strong

MINNEAPOLIS — February 3, 2010 — Ameriprise Financial, Inc. (NYSE: AMP) today reported net income of $237 million for the fourth quarter of 2009 compared to a net loss of $369 million for the fourth quarter of 2008.  Net income per diluted share for the fourth quarter of 2009 was $0.90 compared to a loss of $1.69 per share a year ago.

Fourth quarter 2009 net income was driven by increased asset-based fees from market appreciation,  net inflows in wrap accounts and Asset Management, higher income from spread products and re-engineering benefits.  Excluding the broad negative impacts of the equity and credit market dislocation from earnings in the fourth quarter of 2008, core operating earnings grew 36 percent year-over-year, driven by business growth and market improvement.

Net revenues increased 70 percent to $2.3 billion in the fourth quarter of 2009, compared to $1.3 billion in the fourth quarter of 2008 and $2.0 billion sequentially.  Excluding net realized gains/(losses) and increased loan reserves from both periods and other credit-related impacts in the fourth quarter of 2008, net revenues increased 28 percent from a year ago, primarily reflecting higher asset-based fees from net inflows and market appreciation, as well as higher investment yields and increased general account balances.

The company achieved more than $120 million in re-engineering benefits in the fourth quarter of 2009 and exceeded $400 million in re-engineering benefits for the year.  Underlying fourth quarter 2009 expenses remained well controlled.

As of December 31, 2009, the company’s excess capital position was more than $2 billion, which included approximately $1 billion for the company’s pending acquisition of Columbia Management’s long-term asset management business.  As of December 31, 2009, the company had $0.7 billion in net unrealized investment gains, reflecting the quality and diversity of its investment portfolio.  Book value per share increased to $35.82 at year-end, up from $34.97 at September 30, 2009 and $28.29 a year ago.

Return on equity for the twelve months ended December 31, 2009 was 9.3 percent, which includes the June 2009 issuance of approximately $1 billion in equity for the pending Columbia Management acquisition.

“We generated solid results in the quarter, aided by the improved market conditions and the strength of our diversified business model,” said Jim Cracchiolo, chairman and chief executive officer. “While the market environment and economy remain challenging, client activity and advisor productivity began to improve, and I am pleased with the trends in our metrics.  Our asset flows have improved considerably, with strong net inflows in wrap accounts and our asset management business.

“We continue to invest for growth, including our pending Columbia Management acquisition.  We’re making steady progress toward completing the transaction, and I remain confident that the cultural fit and complementary investment capabilities of the two organizations will create a strong asset manager.”

Fourth Quarter 2009 Highlights

·Owned, managed and administered assets reached $458 billion at December 31, 2009, a 23 percent increase from a year ago, primarily due to market appreciation and strong product flows.

·Total retail client assets increased 22 percent to $294 billion, compared to a year ago, and client retention remained strong at 93 percent.

·Net revenue per financial advisor increased for the fourth consecutive quarter, to $73,000, the highest level since the second quarter of 2008.

·Total advisors declined 4 percent year-over-year to 12,036, primarily from low-producing advisors’ inability to meet productivity requirements.  Franchise advisor retention rates remain strong, and the company recruited more than 500 experienced advisors in its branded channels during 2009.

·The company delivered strong hedge fund performance in 2009, primarily in Seligman portfolios, which generated a $30 million net pretax benefit in the quarter.

·Total managed assets reached $326 billion, an increase of 23 percent from a year ago, driven by market appreciation and solid asset flows across product lines.

·Wrap net inflows of $2.6 billion in the quarter and market appreciation increased total wrap assets to approximately $95 billion, a 30 percent increase compared to a year ago.

·Asset Management generated total net inflows of $1.4 billion in the quarter, with net inflows in both domestic and international businesses.

·Variable annuity net inflows were $0.4 billion in the quarter.

·Life insurance in force was $193 billion at the end of the fourth quarter of 2009, which was essentially flat compared to a year ago, consistent with the slow sales environment for the industry.

·Fourth quarter 2009 variable universal life sales, which had remained flat for the first three quarters of 2009, increased 21 percent sequentially.  Fourth quarter 2009 universal life sales more than doubled compared to the year-ago period.

·Ameriprise Auto & Home premiums increased 7 percent from the year-ago period, primarily due to growth in policy counts.

·The company expects to complete the acquisition of Columbia Management’s long-term asset management business in the spring of 2010.  Operational and financial expectations are on track.

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Fourth Quarter 2009 Summary

Management provides core financial measures, which exclude certain after-tax impacts such as realized net investment gains/(losses), non-recurring integration costs and other market impacts listed below, to facilitate year-over-year comparisons and evaluate business trends.  For the non-GAAP presentation of after-tax amounts, the tax effect is calculated using the statutory tax rate of 35 percent.

Ameriprise Financial, Inc.
Fourth Quarter Summary

							%		Per Diluted Share						%
(in millions, except per share amounts, unaudited)	2009			2008			Change		2009			2008			Change
Net income (loss) attributable to Ameriprise Financial	$	237		$	(369	)	NM		$	0.90		$	(1.69	)(2)	NM
Add: After-tax impacts:(1)
Investment (gains)/losses	(12		)	273			NM		(0.05		)	1.24			NM
Restructuring and integration charges	15			51			(71	)%	0.06			0.24			(75	)%
Other market impacts:
DAC and DSIC (benefits)/ charges [mean reversion]	(3		)	164			NM		(0.01		)	0.75			NM
Variable annuity guarantees, net of DAC and DSIC	3			57			(95	)	0.01			0.26			(96	)
Core operating earnings, after-tax	$	240		$	176		36	%	$	0.91		$	0.80		14	%
Core operating earnings per diluted share, after-tax, excluding 36 million shares issued to pre-fund the company’s acquisition									$	1.06
Weighted average common shares outstanding:
Basic	258.9			218.5
Diluted	263.3			220.3

NMNot Meaningful

(1)For this non-GAAP presentation, after-tax is calculated using the statutory tax rate of 35%.

(2)Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

Fourth quarter 2008 net income included broad negative impacts from the credit market dislocation as detailed above.  The net impact of these items in the fourth quarter of 2009 was immaterial.  Management believes the reported $0.90 net income per diluted share in the fourth quarter of 2009 reflected the underlying strength of the business.

In addition to the items in the table above, fourth quarter 2009 earnings included the following unusual expense items: a $12 million after-tax charge, or $0.05 per diluted share, from the final settlement of a client dispute and a $9 million after-tax charge, or $0.03 per diluted share, related to updated valuation assumptions for insurance claim reserves.

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Full Year 2009 Summary

For the year, the company reported net income of $722 million, or $2.95 per diluted share, on net revenues of $7.8 billion.  This compares to a net loss of $38 million, or $0.17 per share, on net revenues of $6.9 billion in 2008.   Adjusted for extraordinary market-related impacts, as well as restructuring and integration charges, 2009 core operating earnings were $769 million, compared to $889 million for 2008.  The decline in 2009 core operating earnings was primarily due to the impact of the 22 percent decline in the daily average S&P 500 Index on fee-based revenues, lower short-term interest rates and lower client activity.  These factors were partially offset by growth in spread products, net inflows in wrap accounts and Asset Management, and expense controls.

Liquidity and Balance Sheet as of December 31, 2009

The company continued to maintain strong balance sheet fundamentals, excess capital and financial flexibility to capture additional growth opportunities.

Conservative capital management

·The company’s excess capital position was more than $2 billion, which included approximately $1 billion for the Columbia Management acquisition.

·RiverSource Life Insurance Company’s preliminary estimate of its risk based capital ratio (RBC) was more than 400 percent.

·The company will continue to use enterprise risk management capabilities and product hedging to anticipate and mitigate risk.  The variable annuity hedging program continued to perform well.

Substantial liquidity

·Cash and cash equivalents were $3.1 billion, with $0.9 billion at the holding company level and $1.8 billion in free cash.

High-quality investment portfolio

·The $33 billion available-for-sale portfolio remained well diversified and high quality.

·The company’s investment portfolio remained in a net unrealized gain position, with $0.7 billion in net unrealized gains.

·The total investment portfolio, including cash and cash equivalents, was $40.1 billion and remained well positioned.  Detailed information about the portfolio is available online at ir.ameriprise.com.

Conservative capital ratios

·The debt-to-total capital ratio was 19.5 percent. The debt-to-total capital ratio excluding non-recourse debt and with 75 percent equity credit for hybrid securities was 14.5 percent.

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Ameriprise Financial, Inc.

Consolidated Income Statements

	Quarter Ended December 31,
(in millions, unaudited)	2009		2008			% Change
Revenues
Management and financial advice fees	$	855	$	607		41	%
Distribution fees	391		334			17
Net investment income (loss)	535		(32		)	NM
Premiums	287		271			6
Other revenues	229		202			13
Total revenues	2,297		1,382			66
Banking and deposit interest expense	28		47			(40	)
Total net revenues	2,269		1,335			70
Expenses
Distribution expenses	504		413			22
Interest credited to fixed accounts	229		203			13
Benefits, claims, losses and settlement expenses	349		331			5
Amortization of deferred acquisition costs	120		395			(70	)
Interest and debt expense	28		28			—
General and administrative expense	708		636			11
Total expenses	1,938		2,006			(3	)%
Pretax income (loss)	331		(671		)	NM
Income tax provision (benefit)	57		(272		)	NM
Net income (loss)	274		(399		)	NM
Less: Net income (loss) attributable to noncontrolling interest	37		(30		)	NM
Net income (loss) attributable to Ameriprise Financial	$	237	$	(369	)	NM

NMNot Meaningful

The consolidated GAAP to Core reconciliation is on page 13 of this news release.

Fourth Quarter 2009 Consolidated Results

The company reported net income of $237 million for the fourth quarter of 2009 compared to a net loss of $369 million for the fourth quarter of 2008.  Fourth quarter 2009 net earnings were driven by increased asset-based fees from market appreciation, net inflows in wrap accounts and Asset Management, higher income from spread products and re-engineering benefits.  Excluding the broad negative impacts of the equity and credit market dislocation in the fourth quarter of 2008, core operating earnings grew 36 percent, driven by strong underlying business growth.

Revenues

Total net revenues increased 70 percent, or $934 million, to $2.3 billion, compared to a year ago.  The fourth quarter of 2008 included $420 million in pre-tax realized net investment losses.  Core net revenues increased $496 million, or 28 percent, to $2.3 billion, reflecting growth in spread products and yields, higher asset-based fees due to growth in assets from market appreciation, net inflows and strong hedge fund performance.

Management and financial advice fees increased 41 percent, or $248 million, to $855 million, driven by a 20 percent year-over-year increase in the daily average S&P 500 Index, higher hedge fund performance fees, and net inflows in Asset Management and advisor-managed wrap accounts.

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Distribution fees increased 17 percent, or $57 million, to $391 million, primarily reflecting equity market appreciation in the quarter and increased per advisor productivity.

Net investment income was $535 million, an increase of $567 million from a loss a year ago.  Excluding net realized gains in the fourth quarter of 2009 and net realized losses in the year-ago period, core net investment income/(loss) increased 33 percent, or $129 million, to $517 million, primarily driven by net inflows in fixed annuities and higher yields on longer-term fixed income investments in the company’s investment portfolio.

Premiums increased 6 percent, or $16 million, to $287 million, primarily due to growth in auto and home premiums as the business increased sales through Ameriprise advisors and direct channels.

Other revenues increased 13 percent, or $27 million, to $229 million.  In the 2009 quarter, other revenues included $43 million from consolidated managed property funds, which was entirely offset by related expenses and net income attributable to noncontrolling interests.  The fourth quarter of 2008 included $36 million in proceeds from the sale of certain operating assets and $19 million from the repurchase of a portion of the company’s junior subordinated securities.  Business growth was primarily driven by increased variable annuity rider fees.

Banking and deposit interest expense declined 40 percent, or $19 million, to $28 million, primarily due to lower crediting rates on certificates and deposit products.

Expenses

Total expenses declined 3 percent, or $68 million, to $1.9 billion, compared to a year ago.  The fourth quarter of 2008 included $419 million in additional expenses, primarily as a result of the market dislocation.  Fourth quarter 2009 total expenses reflected business growth, the impact of acquisitions, increased performance-based compensation and investments in the business, partially offset by re-engineering benefits and cost controls.

Distribution expenses increased 22 percent, or $91 million, to $504 million, reflecting equity market appreciation and improved advisor productivity.

Interest credited to fixed accounts increased 13 percent, or $26 million, to $229 million, reflecting higher annuity fixed account balances and higher average crediting rates compared to a year ago.

Benefits, claims, losses and settlement expenses increased 5 percent, or $18 million, to $349 million.Core benefits, claims, losses and settlement expenses increased 12 percent, or $38 million, to $344 million, primarily driven by updated valuation assumptions for insurance claim reserves and higher auto and home loss costs from increased business volumes and weather-related losses.

Amortization of DAC declined 70 percent, or $275 million, to $120 million.  The 2008 quarter included $315 million in amortization from lower equity market levels, primarily from unlocking equity market assumptions.  Core amortization of DAC was $124 million, an increase of $44 million compared to a year ago, primarily driven by higher expected profits from the annuities business.

General and administrative expense increased 11 percent, or $72 million, to $708 million.  Higher expenses in the fourth quarter of 2009 were primarily driven by hedge fund performance compensation and the year-over-year increase in the company’s performance compensation pool, primarily due to the reversal of prior accruals in the 2008 quarter from the unexpected downturn in profitability.  In addition, the fourth quarter of 2009 included higher legal expenses and a full three months of expenses from entities acquired in November 2008.  The year-ago quarter included a restructuring charge.  Adjusting for these items, the company achieved its 10 percent expense reduction target for the full year.

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Taxes

The effective tax rate on net income, including net income (loss) attributable to noncontrolling interest, was 17.1 percent for the fourth quarter of 2009 and 19.9 percent for the full year.  The company expects the effective tax rate to increase in 2010 to approximately 28 to 30 percent due to higher expected pretax earnings.

Ameriprise Financial, Inc.

Reconciliation Table: GAAP Segment Results to Core Segment Results

	Quarter Ended December 31, 2009									Quarter Ended December 31, 2008
(in millions, unaudited)	GAAP Earnings			Adjustments			Core Operating Earnings			GAAP Earnings			Adjustments			Core Operating Earnings
Advice & Wealth Management
Net revenues	$	873		$	2	(1)	$	875		$	578		$	194	(5)	$	772
Expenses	855			(15		)(2)	840			765			(12		)(6)	753
Pretax income (loss)	$	18		$	17		$	35		$	(187	)	$	206		$	19
Asset Management
Net revenues	$	505		$	—		$	505		$	265		$	(1	)(5)	$	264
Expenses	398			(7		)(2)	391			293			(5		)(6)	288
Pre-tax income (loss)	107			7			114			(28		)	4			(24		)
Less: Net income (loss) attributable to noncontrolling interests	37			—			37			(30		)	—			(30		)
Pre-tax income attributable to Ameriprise Financial	$	70		$	7		$	77		$	2		$	4		$	6
Annuities
Net revenues	$	620		$	(16	)(1)	$	604		$	310		$	169	(5)	$	479
Expenses	463			(2		)(3)	461			682			(291		)(3)	391
Pre-tax income (loss)	$	157		$	(14	)	$	143		$	(372	)	$	460		$	88
Protection
Net revenues	$	528		$	(13	)(1)	$	515		$	450		$	44	(5)	$	494
Expenses	399			1		(4)	400			417			(49		)(4)	368
Pre-tax income	$	129		$	(14	)	$	115		$	33		$	93		$	126
Corporate & Other
Net revenues	$	(11	)	$	9	(1)	$	(2	)	$	(15	)	$	14	(5)	$	(1	)
Expenses	69			—			69			102			(62		)(6)	40
Pre-tax loss	$	(80	)	$	9		$	(71	)	$	(117	)	$	76		$	(41	)

(1)Includes net realized gains and losses on available-for-sale securities and an increase in reserves on commercial mortgage loans.

(2)Includes integration charges.

(3)Includes the impact on DAC and DSIC amortization from market performance and the market impact on variable annuity living and death benefit costs, net of hedges.

(4)Includes the market impact on DAC amortization from market performance.

(5)Includes net realized gains and losses on available-for-sale securities, an increase in reserves on bank loans and the fair value adjustment on low income housing investments.

(6)Includes integration and restructuring charges.

Fourth Quarter 2009 Segment Financial Highlights

Advice & Wealth Management reported pretax income of $18 million for the quarter compared to a pretax loss of $187 million for the fourth quarter of 2008. Segment core operating earnings were $35 million in the fourth quarter of 2009, up $16 million compared to the year-ago period.

Excluding realized gains/(losses), core net revenues increased 13 percent, or $103 million, driven by market appreciation and net inflows in advisor wrap accounts and other products, partially offset by the impact of the year-over-year decline in short-term interest rates. Excluding integration costs, core

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expenses increased 12 percent as a result of higher distribution expenses and higher performance compensation accruals.

Asset Management reported pretax income of $70 million for the quarter, compared to $2 million for the fourth quarter of 2008.  Excluding integration charges, segment core operating earnings were $77 million in the fourth quarter of 2009, up $71 million from the year-ago period.

Net revenues grew 58 percent, or $170 million, excluding the impact of consolidation of managed property funds on revenues in both periods.  Growth was driven by market appreciation and net inflows in both domestic and international businesses, as well as higher hedge fund performance fees.  In addition, the fourth quarter of 2008 included $36 million in revenue from the sale of certain operating assets as part of the company’s re-engineering efforts.  Excluding integration costs, core expenses increased 36 percent, or $103 million, driven by higher performance based compensation, higher distribution expenses and additional operating costs related to acquisitions.

Annuities reported pretax income of $157 million for the quarter, compared to a pretax loss of $372 million for the fourth quarter of 2008.  Segment core operating earnings were $143 million in the fourth quarter of 2009, up $55 million from the year-ago period.

Excluding realized gains/(losses), core net revenues grew 26 percent or $125 million, driven by market appreciation, net inflows and higher investment yields.  Excluding market-driven impacts to DAC, DSIC and variable annuity benefits, core expenses grew 18 percent, or $70 million, primarily due to increased DAC amortization driven by higher expected profits and increased interest credited expense from growth in fixed annuities.

Protection reported pretax income of $129 million for the quarter compared to $33 million for the fourth quarter of 2008.  Segment core operating earnings were $115 million in the fourth quarter of 2009, down $11 million compared to the year-ago period, primarily due to a $14 million pretax charge related to updated valuation assumptions for insurance claim reserves.

Excluding net investment gains/(losses), core net revenues grew 4 percent, or $21 million, primarily reflecting higher investment income and premium growth in auto and home.  Core expenses increased 9 percent, or $32 million, reflecting higher benefits expense driven by the updated valuation assumptions for insurance claim reserves, higher auto and home loss costs from increased business volumes and weather related losses, and higher DAC amortization.

Corporate & Other reported a pretax loss of $80 million for the quarter.  The quarter included $19 million in general and administrative expenses related to the final settlement of a client dispute.

Contacts

Investor Relations:	Media Relations:
Laura Gagnon	Paul Johnson
Ameriprise Financial	Ameriprise Financial
612.671.2080	612.671.0625
laura.c.gagnon@ampf.com	paul.w.johnson@ampf.com
	Ben Pratt
	Ameriprise Financial
	612.678.5881
	benjamin.j.pratt@ampf.com

Ameriprise Financial, Inc. is a diversified financial services company serving the comprehensive financial planning needs of the mass affluent and affluent. For more information, visit ameriprise.com.

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Ameriprise Financial Services, Inc. offers financial planning services, investments, insurance and annuity products. RiverSource 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, New York. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuity products in the state of New York. These companies are all part of Ameriprise Financial, Inc. CA License #0684538. RiverSource Distributors, Inc. (Distributor), Member FINRA.

Forward-Looking Statements

This news release contains forward-looking statements that reflect management’s plans, estimates and beliefs. Actual results could differ materially from those described in these forward-looking statements. Examples of such forward-looking statements include:

·the statement of belief in this news release that the company is expected to deploy $1 billion of excess capital to acquire the long-term asset management business of Columbia Management;

·the statement of belief in this news release that the transaction with Columbia Management is expected to be completed in the spring of 2010 and that related operational and financial expectations are on track;

·the statement of belief in this news release that the company expects its 2010 full-year effective tax rate will be approximately 28 to 30 percent;

·the statement of management’s confidence in trends in client activity and advisor productivity metrics;

·the statement of belief in this news release that the company expects higher profits in the annuities business;

·statements of the company’s plans, intentions, expectations, objectives or goals, including those relating to asset flows, mass affluent and affluent client acquisition strategy, client retention, financial advisor retention, recruiting and enrollments, general and administrative costs, consolidated tax rate and excess capital position;

·other statements about future economic performance, the performance of equity markets and interest rate variations and the economic performance of the United States and of global markets; and

·statements of assumptions underlying such statements.

The words “believe,” “expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” “forecast,” “on pace,” “project” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from such statements.

Such factors include, but are not limited to:

·changes in the valuations, liquidity and volatility in the interest rate, credit default, equity market, and foreign exchange environments;

·changes in the litigation and regulatory environment, including ongoing legal proceedings and regulatory actions, the frequency and extent of legal claims threatened or initiated by clients, other persons and regulators, and developments in regulation and legislation;

·investment management performance and consumer acceptance of the company’s products;

·effects of competition in the financial services industry and changes in product distribution mix and distribution channels;

·changes to the company’s reputation that may arise from employee or affiliated advisor misconduct, legal or regulatory actions, improper management of conflicts of interest or otherwise;

·the company’s capital structure, including indebtedness, limitations on subsidiaries to pay dividends, and the extent, manner, terms and timing of any share or debt repurchases management may effect as well as the opinions of rating agencies and other analysts and the reactions of market participants or the company’s regulators, advisors, distribution partners or customers in response to any change or prospect of change in any such opinion;

·risks of default, capacity constraint or repricing by issuers or guarantors of investments the company owns or by counterparties to hedge, derivative, insurance or reinsurance arrangements or by manufacturers of products the company distributes, experience deviations from the company’s assumptions regarding such risks, the evaluations or the prospect of changes in evaluations of any such third parties published by rating agencies or other analysts, and the reactions of other market

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participants or the company’s regulators, advisors, distribution partners or customers in response to any such evaluation or prospect of changes in evaluation;

·experience deviations from the company’s assumptions regarding morbidity, mortality and persistency in certain annuity and insurance products, or from assumptions regarding market returns assumed in valuing DAC and DSIC or market volatility underlying our valuation and hedging of guaranteed living benefit annuity riders;

·changes in capital requirements that may be indicated, required or advised by regulators or rating agencies;

·the impacts of the company’s efforts to improve distribution economics and to grow third-party distribution of its products;

·the ability to complete the acquisition opportunities the company negotiates (including the transaction with Columbia Management);

·the company’s ability to realize the financial, operating and business fundamental benefits or to obtain regulatory approvals regarding integrations we plan for the acquisitions we have completed or have contracted to complete, as well as the amount and timing of integration expenses;

·the ability and timing to realize savings and other benefits from re-engineering and tax planning;

·changes in the capital markets and competitive environments induced or resulting from the partial or total ownership or other support by central governments of certain financial services firms or financial assets; and

·general economic and political factors, including consumer confidence in the economy, the ability and inclination of consumers generally to invest as well as their ability and inclination to invest in financial instruments and products other than cash and cash equivalents, the costs of products and services the company consumes in the conduct of its business, and applicable legislation and regulation and changes therein, including tax laws, tax treaties, fiscal and central government treasury policy, and policies regarding the financial services industry and publicly-held firms, and regulatory rulings and pronouncements.

Management cautions the reader that the foregoing list of factors is not exhaustive. There may also be other risks that management is unable to predict at this time that may cause actual results to differ materially from those in forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Management undertakes no obligation to update publicly or revise any forward-looking statements. The foregoing list of factors should be read in conjunction with the “Risk Factors” discussion included as Part 1, Item 1A of and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2008 at ir.ameriprise.com/phoenix.zhtml?c=191716&p=irol-forwardLookingStatement.

The financial results discussed in this news release represent past performance only, which may not be used to predict or project future results. The financial results and values presented in this news release and the below-referenced Statistical Supplement are based upon asset valuations that represent estimates as of the date of this news release and may be revised in the company’s Annual Report on Form 10-K for the year ended December 31, 2009. For information about Ameriprise Financial entities, please refer to the Fourth Quarter 2009 Statistical Supplement available at ir.ameriprise.com and the tables that follow in this news release.

10

TABLES

Ameriprise Financial, Inc.
Full Year Summary

							%		Per Diluted Share						%
(in millions, except per share amounts, unaudited)	2009			2008			Change		2009			2008			Change
Net income (loss) attributable to Ameriprise Financial	$	722		$	(38	)	NM		$	2.95		$	(0.17	)(2)	NM
Add: After-tax impacts:(1)
Investment (gains)/losses	(34		)	520			NM		(0.14		)	2.31			NM
Restructuring and integration charges	64			51			25	%	0.26			0.23			13	%
Other market impacts:
DAC and DSIC (benefits)/charges [mean reversion]	(20		)	218			NM		(0.08		)	0.97			NM
Variable annuity guarantees, net of DAC and DSIC	22			50			(56	)	0.09			0.22			(59	)
RiverSource 2a-7 money market funds support costs	7			57			(88	)	0.03			0.25			(88	)
Expenses related to unaffiliated money market funds	—			31			NM		—			0.14			NM
Debt retirement costs	8			—			NM		0.04			—			NM
Core operating earnings, after-tax	$	769		$	889		(13	)%	$	3.15		$	3.95		(20	)%
Core operating earnings per diluted share, after-tax, excluding 36 million shares issued to pre-fund the company’s acquisition									$	3.42
Weighted average common shares outstanding:
Basic	242.2			222.3
Diluted	244.4			224.9

NMNot Meaningful

(1)For this non-GAAP presentation, after-tax is calculated using the statutory tax rate of 35%.

(2)Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

11

Ameriprise Financial, Inc.

Consolidated Income Statements

	Year Ended December 31,					%
(in millions, unaudited)	2009		2008			Change
Revenues
Management and financial advice fees	$	2,704	$	2,899		(7	)%
Distribution fees	1,420		1,565			(9	)
Net investment income	2,002		817			NM
Premiums	1,098		1,048			5
Other revenues	722		766			(6	)
Total revenues	7,946		7,095			12
Banking and deposit interest expense	141		179			(21	)
Total net revenues	7,805		6,916			13
Expenses
Distribution expenses	1,782		1,912			(7	)
Interest credited to fixed accounts	903		790			14
Benefits, claims, losses and settlement expenses	1,342		1,125			19
Amortization of deferred acquisition costs	217		933			(77	)
Interest and debt expense	127		109			17
General and administrative expense	2,514		2,472			2
Total expenses	6,885		7,341			(6	)%
Pretax income (loss)	920		(425		)	NM
Income tax provision (benefit)	183		(333		)	NM
Net income (loss)	737		(92		)	NM
Less: Net income (loss) attributable to noncontrolling interest	15		(54		)	NM
Net income (loss) attributable to Ameriprise Financial	$	722	$	(38	)	NM

NMNot Meaningful

12

Ameriprise Financial, Inc.

Reconciliation Table: GAAP Income Statement to Core Operating Earnings

	Quarter Ended December 31, 2009							Quarter Ended December 31, 2008
(in millions, unaudited)	GAAP Earnings		Adjustments			Core Operating Earnings		GAAP Earnings			Adjustments			Core Operating Earnings
Revenues
Management and financial advice fees	$	855	$	—		$	855	$	607		$	—		$	607
Distribution fees	391		—			391		334			—			334
Net investment income (loss)	535		(18		)(1)	517		(32		)	420		(5)	388
Premiums	287		—			287		271			—			271
Other revenues	229		—			229		202			—			202
Total revenues	2,297		(18		)	2,279		1,382			420			1,802
Banking and deposit interest expense	28		—			28		47			—			47
Total net revenues	2,269		(18		)	2,251		1,335			420			1,755
Expenses
Distribution expenses	504		—			504		413			—			413
Interest credited to fixed accounts	229		—			229		203			—			203
Benefits, claims, losses and settlement expenses	349		(5)		(2)	344		331			(25		)(2)	306
Amortization of deferred acquisition costs	120		4		(3)	124		395			(315		)(3)	80
Interest and debt expense	28		—			28		28			—			28
General and administrative expense	708		(22		)(4)	686		636			(79		)(6)	557
Total expenses	1,938		(23		)	1,915		2,006			(419		)	1,587
Pretax income (loss)	331		5			336		(671		)	839			168
Income tax provision (benefit)	57		2		(7)	59		(272		)	294		(7)	22
Net income (loss)	274		3			277		(399		)	545			146
Less: Net income (loss) attributable to noncontrolling interest	37		—			37		(30		)	—			(30		)
Net income (loss) attributable to Ameriprise Financial	$	237	$	3		$	240	$	(369	)	$	545		$	176

(1)Includes net realized gains and losses on available-for-sale securities and an increase in reserves on commercial mortgage loans.

(2)Includes the market impact on variable annuity living and death benefits and DSIC amortization, net of hedges.

(3)Includes the impact on DAC amortization from market performance and variable annuity living benefit costs, net of hedges.

(4)Includes integration charges.

(5)Includes net realized gains and losses on available-for-sale securities, an increase in reserves on bank loans and the fair value adjustment on low income housing investments.

(6)Includes integration and restructuring charges.

(7)Reflects tax at the statutory rate of 35%.

13

Ameriprise Financial, Inc.

Reconciliation Table: GAAP Income Statement to Core Operating Earnings

	Year Ended December 31, 2009							Year Ended December 31, 2008
(in millions, unaudited)	GAAP Earnings		Adjustments			Core Operating Earnings		GAAP Earnings			Adjustments			Core Operating Earnings
Revenues
Management and financial advice fees	$	2,704	$	—		$	2,704	$	2,899		$	—		$	2,899
Distribution fees	1,420		—			1,420		1,565			12		(6)	1,577
Net investment income	2,002		(53		)(1)	1,949		817			804		(7)	1,621
Premiums	1,098		—			1,098		1,048			—			1,048
Other revenues	722		—			722		766			—			766
Total revenues	7,946		(53		)	7,893		7,095			816			7,911
Banking and deposit interest expense	141		—			141		179			—			179
Total net revenues	7,805		(53		)	7,752		6,916			816			7,732
Expenses
Distribution expenses	1,782		—			1,782		1,912			—			1,912
Interest credited to fixed accounts	903		—			903		790			—			790
Benefits, claims, losses and settlement expenses	1,342		(144		)(2)	1,198		1,125			(14		)(2)	1,111
Amortization of deferred acquisition costs	217		139		(3)	356		933			(404		)(3)	529
Interest and debt expense	127		(13		)(4)	114		109			—			109
General and administrative expense	2,514		(108		)(5)	2,406		2,472			(192		)(8)	2,280
Total expenses	6,885		(126		)	6,759		7,341			(610		)	6,731
Pretax income (loss)	920		73			993		(425		)	1,426			1,001
Income tax provision (benefit)	183		26		(9)	209		(333		)	499		(9)	166
Net income (loss)	737		47			784		(92		)	927			835
Less: Net income (loss) attributable to noncontrolling interest	15		—			15		(54		)	—			(54		)
Net income (loss) attributable to Ameriprise Financial	$	722	$	47		$	769	$	(38	)	$	927		$	889

(1)Includes net realized gains and losses on available-for-sale securities and an increase in reserves on commercial mortgage loans.

(2)Includes the market impact on variable annuity living and death benefits and DSIC amortization, net of hedges.

(3)Includes the impact on DAC amortization from market performance and variable annuity living benefit costs, net of hedges.

(4)Includes costs related to the early retirement of $450 million of the company’s notes due 2010.

(5)Includes integration charges and support costs related to RiverSource 2a-7 money market funds.

(6)Includes write-off of distribution revenue receivable from unaffiliated money market funds.

(7)Includes net realized gains and losses on available-for-sale securities, an increase in reserves on bank loans, the fair value adjustment on low income housing investments and realized losses related to other securities.

(8)Includes integration and restructuring charges and support costs related to RiverSource 2a-7 money market funds and unaffiliated money market funds.

(9)Reflects tax at the statutory rate of 35%.

14

Ameriprise Financial, Inc.

Reconciliation Table: Debt to Total Capital

December 31, 2009

(in millions, unaudited)	GAAP Measure			Non-recourse Debt		Debt Less Non-recourse Debt			Impact of 75% Equity Credit(1)		Debt Less Non-recourse with Equity Credit(1)
Debt	$	2,249		$	387	$	1,862		$	242	$	1,620
Total Capital	$	11,522		$	387	$	11,135				$	11,135
Debt to Total Capital	19.5		%			16.7		%			14.5		%

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

# # #

15

EX-99.2

Exhibit 99.2

Statistical Supplement Package

(unaudited)

Fourth 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
Return on Equity	34
Exhibit B
Disclosed Items	36
Exhibit C
Prior Statistical Supplement Reconciliation Tables	41

2

Statistical Supplement Package

(unaudited)

Fourth Quarter 2009

Consolidated Results

3

Ameriprise Financial, Inc.

Highlights

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD  Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except earnings per share amounts,
headcount and as otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Management Targets
Net revenue growth: Target 6 - 8%	(40.9		)%	(13.8		)%	(4.6		)%	19.7		%	70.0		%	(18.7		)%	12.9		%	110.9		%			31.6		%			50.3		%
Return on equity: Target 12 - 15%	(0.5		)%	(1.4		)%	(3.1		)%	1.6		%	9.3		%	(0.5		)%	9.3		%	9.8		%			9.8		%			7.7		%
Earnings per diluted share growth: Target 12 - 15%	NM			(29.3		)%	(55.9		)%	NM			NM			NM			NM			NM					NM					NM
Margins
Pretax income (loss) margin (1)	(50.3		)%	7.8		%	6.1		%	17.5		%	14.6		%	(6.1		)%	11.8		%	64.9		%			17.9		%			(2.9		)%
Net income (loss) attributable to Ameriprise Financial margin (1)	(27.6		)%	7.6		%	5.1		%	13.4		%	10.4		%	(0.5		)%	9.3		%	38.0		%			9.8		%			(3.0		)%
Earnings Per Share
Basic earnings (loss) per share	$	(1.69	)	$	0.58		$	0.41		$	1.00		$	0.92		$	(0.17	)	$	2.98		$	2.61			#	$	3.15			#	$	(0.08	)	(8	)%
Earnings (loss) per diluted share	$	(1.69	)	$	0.58		$	0.41		$	1.00		$	0.90		$	(0.17	)	$	2.95		$	2.59			#	$	3.12			#	$	(0.10	)	(10	)%
Share Information
Total common outstanding	216.5			219.1			255.0			255.1			255.1			216.5			255.1			38.6			18	%	38.6			18	%	—			—
Nonforfeitable restricted stock units	1.9			4.6			4.2			3.7			3.8			1.9			3.8			1.9				#	1.9				#	0.1			3	%
Total potentially dilutive	2.1			0.7			1.4			2.5			4.8			2.1			4.8			2.7				#	2.7				#	2.3			92	%
Total diluted shares	220.5			224.4			260.6			261.3			263.7			220.5			263.7			43.2			20	%	43.2			20	%	2.4			1	%
Weighted average common shares outstanding
Basic	218.5			222.3			228.8			258.7			258.9			222.3			242.2			40.4			18	%	19.9			9	%	0.2			—
Diluted	220.3			223.5			230.0			260.7			263.3			224.9			244.4			43.0			20	%	19.5			9	%	2.6			1	%
Metrics
Ameriprise Financial shareholders equity - end of period	$	6,178		$	6,384		$	8,110		$	9,049		$	9,273		$	6,178		$	9,273		$	3,095		50	%	$	3,095		50	%	$	224		2	%
Total client assets	241,363			231,298			258,393			286,590			294,027			241,363			294,027			52,664			22	%	52,664			22	%	7,437			3	%
Total financial advisors	12,486			12,466			12,508			12,314			12,036			12,486			12,036			(450		)	(4	)%	(450		)	(4	)%	(278		)	(2	)%
Net revenue per financial advisor (in thousands)	$	46		$	58		$	63		$	68		$	73		$	266		$	262		$	27		59	%	$	(4	)	(2	)%	$	5		7	%
Owned, Managed, and Administered Assets (in billions)
Owned	$	31.7		$	29.6		$	32.5		$	36.0		$	36.9		$	31.7		$	36.9		$	5.2		16	%	$	5.2		16	%	$	0.9		3	%
Managed
External clients	209.4			196.4			222.2			247.7			256.6			209.4			256.6			47.2			23	%	47.2			23	%	8.9			4	%
Owned	55.5			56.9			62.8			67.7			69.2			55.5			69.2			13.7			25	%	13.7			25	%	1.5			2	%
Total managed	264.9			253.3			285.0			315.4			325.8			264.9			325.8			60.9			23	%	60.9			23	%	10.4			3	%
Administered	75.5			71.1			79.8			88.5			95.1			75.5			95.1			19.6			26	%	19.6			26	%	6.6			7	%
Total OMA assets	$	372.1		$	354.0		$	397.3		$	439.9		$	457.8		$	372.1		$	457.8		$	85.7		23	%	$	85.7		23	%	$	17.9		4	%
Dividends paid	$	38		$	37		$	38		$	43		$	46		$	143		$	164		$	8		21	%	$	21		15	%	$	3		7	%
Common stock share repurchases	$	—		$	—		$	—		$	—		$	—		$	614		$	—		$	—		—		$	(614	)		#	$	—		—
Debt to total capital	24.7		%	23.1		%	23.1		%	18.7		%	19.5		%	24.7		%	19.5		%	(5.2		)%			(5.2		)%			0.8		%
Debt to total capital excluding non-recourse debt (1)	24.1		%	22.4		%	22.2		%	17.1		%	16.7		%	24.1		%	16.7		%	(7.4		)%			(7.4		)%			(0.4		)%
Debt to total capital excluding non-recourse debt and 75% equity credit (1)	19.8		%	19.3		%	19.9		%	14.8		%	14.5		%	19.8		%	14.5		%	(5.3		)%			(5.3		)%			(0.3		)%

(1)See non-GAAP Financial Information.

# Variance of 100% or greater.

4

Ameriprise Financial, Inc.

Financial Summary

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Segment Summary
Net Revenues
Advice & Wealth Management	$	578		$	726		$	785		$	832		$	873		$	3,110		$	3,216		$	295		51	%	$	106		3	%	$	41		5	%
Asset Management	265			248			285			330			505			1,289			1,368			240			91	%	79			6	%	175			53	%
Annuities	310			492			562			591			620			1,618			2,265			310				#	647			40	%	29			5	%
Protection	450			496			497			450			528			1,954			1,971			78			17	%	17			1	%	78			17	%
Corporate & Other	(15		)	29			(5		)	(11		)	(11		)	(1		)	2			4			27	%	3				#	—			—
Eliminations	(253		)	(275		)	(250		)	(246		)	(246		)	(1,054		)	(1,017		)	7			3	%	37			4	%	—			—
Total net revenues	1,335			1,716			1,874			1,946			2,269			6,916			7,805			934			70	%	889			13	%	323			17	%
Expenses
Advice & Wealth Management	765			787			788			820			855			3,259			3,250			90			12	%	(9		)	—		35			4	%
Asset Management (2)	263			256			297			320			435			1,212			1,308			172			65	%	96			8	%	115			36	%
Annuities	682			363			468			323			463			1,905			1,617			(219		)	(32	)%	(288		)	(15	)%	140			43	%
Protection	417			384			387			305			399			1,602			1,475			(18		)	(4	)%	(127		)	(8	)%	94			31	%
Corporate & Other	102			53			61			84			69			363			267			(33		)	(32	)%	(96		)	(26	)%	(15		)	(18	)%
Eliminations	(253		)	(275		)	(250		)	(246		)	(246		)	(1,054		)	(1,017		)	7			3	%	37			4	%	—			—
Total expenses	1,976			1,568			1,751			1,606			1,975			7,287			6,900			(1		)	—		(387		)	(5	)%	369			23	%
Pretax income (loss) attributable to Ameriprise Financial
Advice & Wealth Management	(187		)	(61		)	(3		)	12			18			(149		)	(34		)	205				#	115			77	%	6			50	%
Asset Management	2			(8		)	(12		)	10			70			77			60			68				#	(17		)	(22	)%	60				#
Annuities	(372		)	129			94			268			157			(287		)	648			529				#	935				#	(111		)	(41	)%
Protection	33			112			110			145			129			352			496			96				#	144			41	%	(16		)	(11	)%
Corporate & Other	(117		)	(24		)	(66		)	(95		)	(80		)	(364		)	(265		)	37			32	%	99			27	%	15			16	%
Eliminations	—			—			—			—			—			—			—			—			—		—			—		—			—
Pretax income (loss) attributable to Ameriprise Financial	$	(641	)	$	148		$	123		$	340		$	294		$	(371	)	$	905		$	935			#	$	1,276			#	$	(46	)	(14	)%
Pretax Income (Loss) Margin (1)
Advice & Wealth Management	(32.4		)%	(8.4		)%	(0.4		)%	1.4		%	2.1		%	(4.8		)%	(1.1		)%	34.5		%			3.7		%			0.7		%
Asset Management	0.8		%	(3.2		)%	(4.2		)%	3.0		%	13.9		%	6.0		%	4.4		%	13.1		%			(1.6		)%			10.9		%
Annuities	(120.0		)%	26.2		%	16.7		%	45.3		%	25.3		%	(17.7		)%	28.6		%	145.3		%			46.3		%			(20.0		)%
Protection	7.3		%	22.6		%	22.1		%	32.2		%	24.4		%	18.0		%	25.2		%	17.1		%			7.2		%			(7.8		)%
Ameriprise Financial, Inc.	(50.3		)%	7.8		%	6.1		%	17.5		%	14.6		%	(6.1		)%	11.8		%	64.9		%			17.9		%			(2.9		)%
Allocated Equity
Advice & Wealth Management	$	879		$	833		$	825		$	784		$	747		$	879		$	747		$	(132	)	(15	)%	$	(132	)	(15	)%	$	(37	)	(5	)%
Asset Management	1,184			1,039			1,043			1,059			1,054			1,184			1,054			(130		)	(11	)%	(130		)	(11	)%	(5		)	—
Annuities	2,754			2,774			2,093			2,322			2,459			2,754			2,459			(295		)	(11	)%	(295		)	(11	)%	137			6	%
Protection	2,339			2,388			2,450			2,463			2,540			2,339			2,540			201			9	%	201			9	%	77			3	%
Corporate & Other	115			484			2,087			2,144			2,210			115			2,210			2,095				#	2,095				#	66			3	%
Total allocated equity	$	7,271		$	7,518		$	8,498		$	8,772		$	9,010		$	7,271		$	9,010		$	1,739		24	%	$	1,739		24	%	$	238		3	%
Return on Allocated Equity (1) (3)
Advice & Wealth Management	(10.3		)%	(19.4		)%	(23.8		)%	(18.0		)%	(2.7		)%	(10.3		)%	(2.7		)%	7.6		%			7.6		%			15.3		%
Asset Management	5.6		%	3.6		%	(0.2		)%	(0.5		)%	3.6		%	5.6		%	3.6		%	(2.0		)%			(2.0		)%			4.1		%
Annuities	(8.4		)%	(5.5		)%	(5.0		)%	3.2		%	17.0		%	(8.4		)%	17.0		%	25.4		%			25.4		%			13.8		%
Protection	9.7		%	9.9		%	9.7		%	10.7		%	13.2		%	9.7		%	13.2		%	3.5		%			3.5		%			2.5		%

(1) See non-GAAP Financial Information.

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

(3)Calculated using the statutory tax rate of 35%.

# Variance of 100% or greater.

5

Ameriprise Financial, Inc.

Consolidated Income Statements

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	607		$	554		$	606		$	689		$	855		$	2,899		$	2,704		$	248		41	%	$	(195	)	(7	)%	$	166		24	%
Distribution fees	334			311			351			367			391			1,565			1,420			57			17	%	(145		)	(9	)%	24			7	%
Net investment income	(32		)	418			511			538			535			817			2,002			567				#	1,185				#	(3		)	(1	)%
Premiums	271			266			269			276			287			1,048			1,098			16			6	%	50			5	%	11			4	%
Other revenues	202			209			175			109			229			766			722			27			13	%	(44		)	(6	)%	120				#
Total revenues	1,382			1,758			1,912			1,979			2,297			7,095			7,946			915			66	%	851			12	%	318			16	%
Banking and deposit interest expense	47			42			38			33			28			179			141			(19		)	(40	)%	(38		)	(21	)%	(5		)	(15	)%
Total net revenues	1,335			1,716			1,874			1,946			2,269			6,916			7,805			934			70	%	889			13	%	323			17	%
Expenses
Distribution expenses	413			384			432			462			504			1,912			1,782			91			22	%	(130		)	(7	)%	42			9	%
Interest credited to fixed accounts	203			205			237			232			229			790			903			26			13	%	113			14	%	(3		)	(1	)%
Benefits, claims, losses and settlement expenses	331			100			587			306			349			1,125			1,342			18			5	%	217			19	%	43			14	%
Amortization of deferred acquisition costs	395			286			(125		)	(64		)	120			933			217			(275		)	(70	)%	(716		)	(77	)%	184				#
Interest and debt expense	28			26			28			45			28			109			127			—			—		18			17	%	(17		)	(38	)%
General and administrative expense	636			581			600			625			708			2,472			2,514			72			11	%	42			2	%	83			13	%
Total expenses	2,006			1,582			1,759			1,606			1,938			7,341			6,885			(68		)	(3	)%	(456		)	(6	)%	332			21	%
Pretax income (loss)	(671		)	134			115			340			331			(425		)	920			1,002				#	1,345				#	(9		)	(3	)%
Income tax provision (benefit)	(272		)	18			28			80			57			(333		)	183			329				#	516				#	(23		)	(29	)%
Net income (loss)	(399		)	116			87			260			274			(92		)	737			673				#	829				#	14			5	%
Less: Net loss attributable to noncontrolling interest	(30		)	(14		)	(8		)	—			37			(54		)	15			67				#	69				#	37			—
Net income (loss) attributable to Ameriprise Financial	$	(369	)	$	130		$	95		$	260		$	237		$	(38	)	$	722		$	606			#	$	760			#	$	(23	)	(9	)%
Income Statement Metrics
Pretax income (loss) margin (1)	(50.3		)%	7.8		%	6.1		%	17.5		%	14.6		%	(6.1		)%	11.8		%	64.9		%			17.9		%			(2.9		)%
Net income (loss) attributable to Ameriprise Financial margin (1)	(27.6		)%	7.6		%	5.1		%	13.4		%	10.4		%	(0.5		)%	9.3		%	38.0		%			9.8		%			(3.0		)%

(1)  See non-GAAP Financial Information.

# Variance of 100% or greater.

6

Ameriprise Financial, Inc.

Consolidated Income Statements

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD  Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Net Investment Income
Investment income on fixed maturities	$	389		$	395		$	478		$	507		$	499		$	1,606		$	1,879		$	110		28	%	$	273		17	%	$	(8	)	(2	)%
Realized gains (losses)	(409		)	15			6			14			18			(777		)	53			427				#	830				#	4			29	%
Other (including seed money)	(12		)	8			27			17			18			(12		)	70			30				#	82				#	1			6	%
Total net investment income	$	(32	)	$	418		$	511		$	538		$	535		$	817		$	2,002		$	567			#	$	1,185			#	$	(3	)	(1	)%
Other Information
Net revenue growth: Target 6 - 8%	(40.9		)%	(13.8		)%	(4.6		)%	19.7		%	70.0		%	(18.7		)%	12.9		%	110.9		%			31.6		%			50.3		%
Return on equity	(0.5		)%	(1.4		)%	(3.1		)%	1.6		%	9.3		%	(0.5		)%	9.3		%	9.8		%			9.8		%			7.7		%
Earnings per diluted share growth: Target 12 - 15%	NM			(29.3		)%	(55.9		)%	NM			NM			NM			NM			NM					NM					NM
Goodwill and intangible assets	$	1,391		$	1,377		$	1,443		$	1,419		$	1,429		$	1,391		$	1,429		$	38		3	%	$	38		3	%	$	10		1	%
Dividends paid	38			37			38			43			46			143			164			8			21	%	21			15	%	3			7	%
Common stock share repurchases	$	—		$	—		$	—		$	—		$	—		$	614		$	—		$	—		—		$	(614	)		#	$	—		—
Owned, Managed and Administered Assets (in billions)
Owned	$	31.7		$	29.6		$	32.5		$	36.0		$	36.9		$	31.7		$	36.9		$	5.2		16	%	$	5.2		16	%	$	0.9		3	%
Managed
External clients	209.4			196.4			222.2			247.7			256.6			209.4			256.6			47.2			23	%	47.2			23	%	8.9			4	%
Owned	55.5			56.9			62.8			67.7			69.2			55.5			69.2			13.7			25	%	13.7			25	%	1.5			2	%
Total managed	264.9			253.3			285.0			315.4			325.8			264.9			325.8			60.9			23	%	60.9			23	%	10.4			3	%
Administered	75.5			71.1			79.8			88.5			95.1			75.5			95.1			19.6			26	%	19.6			26	%	6.6			7	%
Total OMA assets	$	372.1		$	354.0		$	397.3		$	439.9		$	457.8		$	372.1		$	457.8		$	85.7		23	%	$	85.7		23	%	$	17.9		4	%

# Variance of 100% or greater.

7

Ameriprise Financial, Inc.

Consolidated, Common Share and Per Share Summary

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q				YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except earnings per share amounts)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.		%		Diff.			%		Diff.			%
Earnings Per Share
Basic earnings (loss) per share	$	(1.69	)	$	0.58		$	0.41		$	1.00		$	0.92		$	(0.17	)	$	2.98		$	2.61		#	$	3.15			#	$	(0.08	)	(8	)%
Earnings (loss) per diluted share (1)	$	(1.69	)	$	0.58		$	0.41		$	1.00		$	0.90		$	(0.17	)	$	2.95		$	2.59		#	$	3.12			#	$	(0.10	)	(10	)%
Basic Shares
Common shares
Beginning balance	216.6			216.5			219.1			255.0			255.1			227.7			216.5			38.5		18	%	(11.2		)	(5	)%	0.1			—
Repurchases	—			—			—			—			—			(12.7		)	—			—		—		12.7				#	—			—
Issuances	0.1			3.1			36.0			0.2			0.1			2.3			39.4			—		—		37.1				#	(0.1		)	(50	)%
Other	(0.2		)	(0.5		)	(0.1		)	(0.1		)	(0.1		)	(0.8		)	(0.8		)	0.1		50	%	—			—		—			—
Total common outstanding	216.5			219.1			255.0			255.1			255.1			216.5			255.1			38.6		18	%	38.6			18	%	—			—
Total common outstanding	216.5			219.1			255.0			255.1			255.1			216.5			255.1			38.6		18	%	38.6			18	%	—			—
Nonforfeitable restricted stock units	1.9			4.6			4.2			3.7			3.8			1.9			3.8			1.9			#	1.9				#	0.1			3	%
Total basic common shares	218.4			223.7			259.2			258.8			258.9			218.4			258.9			40.5		19	%	40.5			19	%	0.1			—
Total potentially dilutive	2.1			0.7			1.4			2.5			4.8			2.1			4.8			2.7			#	2.7				#	2.3			92	%
Total diluted shares	220.5			224.4			260.6			261.3			263.7			220.5			263.7			43.2		20	%	43.2			20	%	2.4			1	%
Weighted average common shares outstanding:
Basic	218.5			222.3			228.8			258.7			258.9			222.3			242.2			40.4		18	%	19.9			9	%	0.2			—
Diluted	220.3			223.5			230.0			260.7			263.3			224.9			244.4			43.0		20	%	19.5			9	%	2.6			1	%
Book Value
Ameriprise Financial shareholders equity - end of period	$	6,178		$	6,384		$	8,110		$	9,049		$	9,273		$	6,178		$	9,273		$	3,095	50	%	$	3,095		50	%	$	224		2	%
Average equity - 5 point	7,120			6,835			6,941			7,288			7,799			7,120			7,799			679		10	%	679			10	%	511			7	%
Book Value per Share	$	28.29		$	28.54		$	31.29		$	34.97		$	35.82		$	28.29		$	35.82		$	7.53	27	%	$	7.53		27	%	$	0.85		2	%

(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)

Fourth Quarter 2009

Advice & Wealth Management Segment

9

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except headcount and where noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	292		$	268		$	295		$	319		$	352		$	1,339		$	1,234		$	60		21	%	$	(105	)	(8	)%	$	33		10	%
Distribution fees	430			431			423			432			447			1,912			1,733			17			4	%	(179		)	(9	)%	15			3	%
Net investment income	(123		)	51			82			91			73			(43		)	297			196				#	340				#	(18		)	(20	)%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	25			17			23			19			26			80			85			1			4	%	5			6	%	7			37	%
Total revenues	624			767			823			861			898			3,288			3,349			274			44	%	61			2	%	37			4	%
Banking and deposit interest expense	46			41			38			29			25			178			133			(21		)	(46	)%	(45		)	(25	)%	(4		)	(14	)%
Total net revenues	578			726			785			832			873			3,110			3,216			295			51	%	106			3	%	41			5	%
Expenses
Distribution expenses	457			462			478			504			524			2,121			1,968			67			15	%	(153		)	(7	)%	20			4	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	308			325			310			316			331			1,138			1,282			23			7	%	144			13	%	15			5	%
Total expenses	765			787			788			820			855			3,259			3,250			90			12	%	(9		)	—		35			4	%
Pretax segment income (loss)	$	(187	)	$	(61	)	$	(3	)	$	12		$	18		$	(149	)	$	(34	)	$	205			#	$	115		77	%	$	6		50	%
Income Statement Metrics
Pretax segment income (loss) margin (1)	(32.4		)%	(8.4		)%	(0.4		)%	1.4		%	2.1		%	(4.8		)%	(1.1		)%	34.5		%			3.7		%			0.7		%
Net Investment Income
Investment income on fixed maturities	$	65		$	55		$	78		$	76		$	68		$	250		$	277		$	3		5	%	$	27		11	%	$	(8	)	(11	)%
Realized gains (losses)	(194		)	(10		)	(8		)	5			(2		)	(333		)	(15		)	192			99	%	318			95	%	(7		)		#
Other (including seed money)	6			6			12			10			7			40			35			1			17	%	(5		)	(13	)%	(3		)	(30	)%
Total net investment income	$	(123	)	$	51		$	82		$	91		$	73		$	(43	)	$	297		$	196			#	$	340			#	$	(18	)	(20	)%
Balance Sheet Metrics
Allocated equity	$	879		$	833		$	825		$	784		$	747		$	879		$	747		$	(132	)	(15	)%	$	(132	)	(15	)%	$	(37	)	(5	)%
Return on allocated equity (1) (2)	(10.3		)%	(19.4		)%	(23.8		)%	(18.0		)%	(2.7		)%	(10.3		)%	(2.7		)%	7.6		%			7.6		%			15.3		%
On-balance sheet deposits	$	8,190		$	8,416		$	9,180		$	8,980		$	8,489		$	8,190		$	8,489		$	299		4	%	$	299		4	%	$	(491	)	(5	)%
Financial Plans
Branded financial plan net cash sales	$	56		$	49		$	50		$	47		$	58		$	211		$	204		$	2		4	%	$	(7	)	(3	)%	$	11		23	%

(1)   See non-GAAP Financial Information.

(2)   Calculated using the statutory tax rate of 35%.

# Variance of 100% or greater.

10

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except headcount and where noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Financial Advisors
Employee advisors	2,823			2,816			2,785			2,606			2,445			2,823			2,445			(378		)	(13	)%	(378		)	(13	)%	(161		)	(6	)%
Franchisee advisors	7,746			7,737			7,770			7,725			7,658			7,746			7,658			(88		)	(1	)%	(88		)	(1	)%	(67		)	(1	)%
Total branded financial advisors	10,569			10,553			10,555			10,331			10,103			10,569			10,103			(466		)	(4	)%	(466		)	(4	)%	(228		)	(2	)%
SAI independent advisors	1,917			1,913			1,953			1,983			1,933			1,917			1,933			16			1	%	16			1	%	(50		)	(3	)%
Total financial advisors	12,486			12,466			12,508			12,314			12,036			12,486			12,036			(450		)	(4	)%	(450		)	(4	)%	(278		)	(2	)%
Net revenue per financial advisor (in thousands) (1)	$	46		$	58		$	63		$	68		$	73		$	266		$	262		$	27		59	%	$	(4	)	(2	)%	$	5		7	%
Advisor Retention
Employee	68.2		%	72.3		%	73.4		%	73.7		%	73.7		%	68.2		%	73.7		%	5.5		%			5.5		%			—
Franchisee	92.2		%	92.5		%	91.1		%	91.0		%	91.4		%	92.2		%	91.4		%	(0.8		)%			(0.8		)%			0.4		%
Product Information
Certificates and Banking - Combined
Pretax segment income (loss)	$	(192	)	$	(10	)	$	20		$	37		$	27		$	(333	)	$	74		$	219			#	$	407			#	$	(10	)	(27	)%
Allocated equity	$	395		$	528		$	521		$	481		$	443		$	395		$	443		$	48		12	%	$	48		12	%	$	(38	)	(8	)%
Return on allocated equity (2) (3)	(55.6		)%	(52.1		)%	(42.4		)%	(20.1		)%	10.2		%	(55.6		)%	10.2		%	65.8		%			65.8		%			30.3		%
Wealth Management & Distribution
Pretax income	$	5		$	(51	)	$	(23	)	$	(25	)	$	(9	)	$	184		$	(108	)	$	(14	)		#	$	(292	)		#	$	16		64	%
Allocated equity	$	484		$	305		$	304		$	303		$	304		$	484		$	304		$	(180	)	(37	)%	$	(180	)	(37	)%	$	1		—
Return on allocated equity (2) (3)	21.8		%	8.4		%	(4.9		)%	(15.5		)%	(20.6		)%	21.8		%	(20.6		)%	(42.4		)%			(42.4		)%			(5.1		)%
Total Client Assets (at period end) (4)	$	241,363		$	231,298		$	258,393		$	286,590		$	294,027		$	241,363		$	294,027		$	52,664		22	%	$	52,664		22	%	$	7,437		3	%
Total Wrap Accounts
Beginning assets	$	84,086		$	72,781		$	68,181		$	78,960		$	89,553		$	93,851		$	72,781		$	5,467		7	%	$	(21,070	)	(22	)%	$	10,593		13	%
Net flows	(1,121		)	1,302			2,758			2,724			2,564			3,749			9,348			3,685				#	5,599				#	(160		)	(6	)%
Market appreciation (depreciation) and other	(10,184		)	(5,902		)	8,021			7,869			2,804			(24,819		)	12,792			12,988				#	37,611				#	(5,065		)	(64	)%
Total wrap ending assets	$	72,781		$	68,181		$	78,960		$	89,553		$	94,921		$	72,781		$	94,921		$	22,140		30	%	$	22,140		30	%	$	5,368		6	%
S&P 500
Daily average	910			811			894			994			1,088			1,221			948			178			20	%	(273		)	(22	)%	94			9	%
Period end	903			798			919			1,057			1,115			903			1,115			212			23	%	212			23	%	58			5	%

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

(2)   See non-GAAP Financial Information.

(3)   Calculated using the statutory tax rate of 35%.

(4)   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)

Fourth Quarter 2009

Asset Management Segment

12

Ameriprise Financial, Inc.

Asset Management Segment

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	218		$	209		$	230		$	270		$	395		$	1,077		$	1,104		$	177		81	%	$	27		3	%	$	125		46	%
Distribution fees	49			47			54			55			60			247			216			11			22	%	(31		)	(13	)%	5			9	%
Net investment income	(7		)	(1		)	8			4			9			(13		)	20			16				#	33				#	5				#
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	7			(6		)	(5		)	3			44			(15		)	36			37				#	51				#	41				#
Total revenues	267			249			287			332			508			1,296			1,376			241			90	%	80			6	%	176			53	%
Banking and deposit interest expense	2			1			2			2			3			7			8			1			50	%	1			14	%	1			50	%
Total net revenues	265			248			285			330			505			1,289			1,368			240			91	%	79			6	%	175			53	%
Expenses
Distribution expenses	87			82			85			97			107			417			371			20			23	%	(46		)	(11	)%	10			10	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	5			6			6			5			4			24			21			(1		)	(20	)%	(3		)	(13	)%	(1		)	(20	)%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	201			182			214			218			287			825			901			86			43	%	76			9	%	69			32	%
Total expenses	293			270			305			320			398			1,266			1,293			105			36	%	27			2	%	78			24	%
Pretax segment income (loss)	(28		)	(22		)	(20		)	10			107			23			75			135				#	52				#	97				#
Less: Net loss attributable to noncontrolling interest	(30		)	(14		)	(8		)	—			37			(54		)	15			67				#	69				#	37			—
Pretax income (loss) attributable to Ameriprise Financial	$	2		$	(8	)	$	(12	)	$	10		$	70		$	77		$	60		$	68			#	$	(17	)	(22	)%	$	60			#
Income Statement Metrics
Pretax segment income (loss) margin (1) (2)	0.8		%	(3.2		)%	(4.2		)%	3.0		%	13.9		%	6.0		%	4.4		%	13.1		%			(1.6		)%			10.9		%
Balance Sheet Metrics
Allocated equity	$	1,184		$	1,039		$	1,043		$	1,059		$	1,054		$	1,184		$	1,054		$	(130	)	(11	)%	$	(130	)	(11	)%	$	(5	)	—
Return on allocated equity (1) (2) (3)	5.6		%	3.6		%	(0.2		)%	(0.5		)%	3.6		%	5.6		%	3.6		%	(2.0		)%			(2.0		)%			4.1		%
Total Managed Assets Reconciliations
Domestic managed assets	$	127,948		$	125,201		$	134,831		$	145,790		$	149,004		$	127,948		$	149,004		$	21,056		16	%	$	21,056		16	%	$	3,214		2	%
International managed assets	74,247			68,340			82,490			93,682			97,823			74,247			97,823			23,576			32	%	23,576			32	%	4,141			4	%
Less: Sub-advised eliminations	(2,629		)	(2,391		)	(3,176		)	(3,494		)	(3,647		)	(2,629		)	(3,647		)	(1,018		)	(39	)%	(1,018		)	(39	)%	(153		)	(4	)%
Total managed assets	$	199,566		$	191,150		$	214,145		$	235,978		$	243,180		$	199,566		$	243,180		$	43,614		22	%	$	43,614		22	%	$	7,202		3	%
Managed assets - external clients	$	144,024		$	134,286		$	151,351		$	168,259		$	173,977		$	144,024		$	173,977		$	29,953		21	%	$	29,953		21	%	$	5,718		3	%
Managed assets - owned	55,542			56,864			62,794			67,719			69,203			55,542			69,203			13,661			25	%	13,661			25	%	1,484			2	%
Total managed assets	$	199,566		$	191,150		$	214,145		$	235,978		$	243,180		$	199,566		$	243,180		$	43,614		22	%	$	43,614		22	%	$	7,202		3	%
Total Managed Assets by Type
Equity	$	71,835		$	64,559		$	78,910		$	94,539		$	98,712		$	71,835		$	98,712		$	26,877		37	%	$	26,877		37	%	$	4,173		4	%
Fixed income	92,449			95,080			103,773			110,991			113,752			92,449			113,752			21,303			23	%	21,303			23	%	2,761			2	%
Money market	12,596			10,270			10,117			9,053			7,986			12,596			7,986			(4,610		)	(37	)%	(4,610		)	(37	)%	(1,067		)	(12	)%
Alternative	12,012			11,604			11,330			11,662			11,590			12,012			11,590			(422		)	(4	)%	(422		)	(4	)%	(72		)	(1	)%
Hybrid and other	10,674			9,637			10,015			9,733			11,140			10,674			11,140			466			4	%	466			4	%	1,407			14	%
Total managed assets by type	$	199,566		$	191,150		$	214,145		$	235,978		$	243,180		$	199,566		$	243,180		$	43,614		22	%	$	43,614		22	%	$	7,202		3	%

(1)See non-GAAP Financial Information.

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

(3)Calculated using the statutory tax rate of 35%.

# Variance of 100% or greater.

13

Ameriprise Financial, Inc.

Asset Management Segment

Fourth Quarter 2009

	4 Qtr 2008		1 Qtr 2009		2 Qtr 2009		3 Qtr 2009		4 Qtr 2009
Mutual Fund Performance
Domestic
Equal Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	33	%	35	%	37	%	49	%	51	%
Fixed income - 12 month	70	%	77	%	74	%	58	%	65	%
Equity - 3 year	50	%	44	%	42	%	41	%	42	%
Fixed income - 3 year	75	%	71	%	79	%	72	%	72	%
Equity - 5 year	53	%	51	%	59	%	67	%	63	%
Fixed income - 5 year	66	%	72	%	64	%	58	%	58	%
Asset Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	26	%	31	%	39	%	52	%	72	%
Fixed income - 12 month	39	%	62	%	42	%	61	%	80	%
Equity - 3 year	40	%	39	%	40	%	51	%	50	%
Fixed income - 3 year	40	%	40	%	47	%	65	%	63	%
Equity - 5 year	70	%	63	%	67	%	74	%	69	%
Fixed income - 5 year	37	%	63	%	39	%	61	%	58	%
International
Equal Weighted Mutual Fund Rankings in top 2 S&P Quartiles
Equity - 12 month	83	%	93	%	69	%	64	%	38	%
Fixed income - 12 month	45	%	64	%	73	%	82	%	60	%
Equity - 3 year	90	%	93	%	93	%	89	%	90	%
Fixed income - 3 year	64	%	73	%	73	%	64	%	80	%
Equity - 5 year	89	%	93	%	89	%	85	%	89	%
Fixed income - 5 year	50	%	70	%	70	%	70	%	78	%

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 do 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.

14

Ameriprise Financial, Inc.

Asset Management Segment - Domestic

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Domestic Managed Assets Rollforward(1)
Retail Funds
Beginning assets	$	70,214		$	63,970		$	59,832		$	66,010		$	74,592		$	86,864		$	63,970		$	4,378		6	%	$	(22,894	)	(26	)%	$	8,582		13	%
Net flows	(2,179		)	(1,258		)	(861		)	299			(565		)	(5,399		)	(2,385		)	1,614			74	%	3,014			56	%	(864		)		#
Market appreciation (depreciation) and other	(4,065		)	(2,880		)	7,039			8,283			2,833			(17,495		)	15,275			6,898				#	32,770				#	(5,450		)	(66	)%
Total ending assets	63,970			59,832			66,010			74,592			76,860			63,970			76,860			12,890			20	%	12,890			20	%	2,268			3	%
Institutional (2)
Beginning assets	43,129			46,293			47,954			51,905			53,886			53,235			46,293			10,757			25	%	(6,942		)	(13	)%	1,981			4	%
Net flows	1,320			2,002			1,133			(443		)	1,351			(4,737		)	4,043			31			2	%	8,780				#	1,794				#
Market appreciation (depreciation) and other	1,844			(341		)	2,818			2,424			(276		)	(2,205		)	4,625			(2,120		)		#	6,830				#	(2,700		)		#
Total ending assets	46,293			47,954			51,905			53,886			54,961			46,293			54,961			8,668			19	%	8,668			19	%	1,075			2	%
Alternative
Beginning assets	7,065			9,378			9,048			9,131			9,666			8,085			9,378			2,601			37	%	1,293			16	%	535			6	%
Net flows	(523		)	(623		)	48			322			66			(1,234		)	(187		)	589				#	1,047			85	%	(256		)	(80	)%
Market appreciation (depreciation) and other	2,836			293			35			213			59			2,527			600			(2,777		)	(98	)%	(1,927		)	(76	)%	(154		)	(72	)%
Total ending assets	9,378			9,048			9,131			9,666			9,791			9,378			9,791			413			4	%	413			4	%	125			1	%
Trust
Beginning assets	8,547			8,482			8,519			7,945			7,786			8,804			8,482			(761		)	(9	)%	(322		)	(4	)%	(159		)	(2	)%
Net flows	120			54			(745		)	(330		)	(331		)	(53		)	(1,352		)	(451		)		#	(1,299		)		#	(1		)	—
Market appreciation (depreciation) and other	(185		)	(17		)	171			171			80			(269		)	405			265				#	674				#	(91		)	(53	)%
Total ending assets	8,482			8,519			7,945			7,786			7,535			8,482			7,535			(947		)	(11	)%	(947		)	(11	)%	(251		)	(3	)%
Other and Eliminations	(175		)	(152		)	(160		)	(140		)	(143		)	(175		)	(143		)	32			18	%	32			18	%	(3		)	(2	)%
Total Domestic managed assets	$	127,948		$	125,201		$	134,831		$	145,790		$	149,004		$	127,948		$	149,004		$	21,056		16	%	$	21,056		16	%	$	3,214		2	%
Total Domestic net flows	$	(1,262	)	$	175		$	(425	)	$	(152	)	$	521		$	(11,423	)	$	119		$	1,783			#	$	11,542			#	$	673			#

(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.

(2)    Included in Market appreciation (depreciation) and other are share repurchase, debt repurchase, equity issuance, debt issuance and acquisitions.

# Variance of 100% or greater.

15

Ameriprise Financial, Inc.

Asset Management Segment - International

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
International Managed Assets Rollforward
Retail Funds
Beginning assets	$	21,758		$	16,361		$	15,651		$	22,107		$	26,565		$	30,822		$	16,361		$	4,807		22	%	$	(14,461	)	(47	)%	$	4,458		20	%
Net flows	(714		)	642			1,224			1,447			1,483			(1,927		)	4,796			2,197				#	6,723				#	36			2	%
Market appreciation (depreciation)	(1,101		)	(1,054		)	545			3,673			707			(6,418		)	3,871			1,808				#	10,289				#	(2,966		)	(81	)%
Foreign currency translation (1)	(3,605		)	(330		)	2,517			(745		)	297			(6,349		)	1,739			3,902				#	8,088				#	1,042				#
Other (2)	23			32			2,170			83			38			233			2,323			15			65	%	2,090				#	(45		)	(54	)%
Total ending assets	16,361			15,651			22,107			26,565			29,090			16,361			29,090			12,729			78	%	12,729			78	%	2,525			10	%
Institutional
Beginning assets	74,856			55,342			50,179			58,347			65,120			100,057			55,342			(9,736		)	(13	)%	(44,715		)	(45	)%	6,773			12	%
Net flows	(7,267		)	(1,277		)	(675		)	943			(384		)	(13,245		)	(1,393		)	6,883			95	%	11,852			89	%	(1,327		)		#
Market appreciation (depreciation)	(1,027		)	(3,148		)	636			7,224			930			(13,552		)	5,642			1,957				#	19,194				#	(6,294		)	(87	)%
Foreign currency translation (1)	(12,639		)	(1,110		)	7,595			(1,873		)	784			(21,738		)	5,396			13,423				#	27,134				#	2,657				#
Other	1,419			372			612			479			484			3,820			1,947			(935		)	(66	)%	(1,873		)	(49	)%	5			1	%
Total ending assets	55,342			50,179			58,347			65,120			66,934			55,342			66,934			11,592			21	%	11,592			21	%	1,814			3	%
Alternative
Beginning assets	1,268			2,544			2,510			2,036			1,997			3,479			2,544			729			57	%	(935		)	(27	)%	(39		)	(2	)%
Net flows	1,345			313			(79		)	86			(235		)	(649		)	85			(1,580		)		#	734				#	(321		)		#
Market appreciation (depreciation)	138			(295		)	(700		)	(66		)	4			181			(1,057		)	(134		)	(97	)%	(1,238		)		#	70				#
Foreign currency translation (1)	(207		)	(52		)	305			(59		)	29			(489		)	223			236				#	712				#	88				#
Other	—			—			—			—			4			22			4			4			—		(18		)	(82	)%	4			—
Total ending assets	2,544			2,510			2,036			1,997			1,799			2,544			1,799			(745		)	(29	)%	(745		)	(29	)%	(198		)	(10	)%
Total International managed assets	$	74,247		$	68,340		$	82,490		$	93,682		$	97,823		$	74,247		$	97,823		$	23,576		32	%	$	23,576		32	%	$	4,141		4	%
Total International net flows	$	(6,636	)	$	(322	)	$	470		$	2,476		$	864		$	(15,821	)	$	3,488		$	7,500			#	$	19,309			#	$	(1,612	)	(65	)%

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

(2)Included in Retail funds other, for the 2nd Qtr of 2009, were $ 2.1 B of assets due to the acquisition of Standard Chartered Bank’s World Express Funds investment business.

# Variance of 100% or greater.

16

Statistical Supplement Package

(unaudited)

Fourth Quarter 2009

Annuities Segment

17

Ameriprise Financial, Inc.

Annuities Segment

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	98		$	90		$	104		$	118		$	126		$	478		$	438		$	28		29	%	$	(40	)	(8	)%	$	8		7	%
Distribution fees	62			57			58			64			68			275			247			6			10	%	(28		)	(10	)%	4			6	%
Net investment income	92			289			339			343			352			652			1,323			260				#	671				#	9			3	%
Premiums	25			24			23			25			32			85			104			7			28	%	19			22	%	7			28	%
Other revenues	33			32			38			41			42			128			153			9			27	%	25			20	%	1			2	%
Total revenues	310			492			562			591			620			1,618			2,265			310				#	647			40	%	29			5	%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Total net revenues	310			492			562			591			620			1,618			2,265			310				#	647			40	%	29			5	%
Expenses
Distribution expenses	65			56			49			49			57			207			211			(8		)	(12	)%	4			2	%	8			16	%
Interest credited to fixed accounts	167			169			201			196			193			646			759			26			16	%	113			17	%	(3		)	(2	)%
Benefits, claims, losses and settlement expenses	113			(129		)	351			93			103			269			418			(10		)	(9	)%	149			55	%	10			11	%
Amortization of deferred acquisition costs	295			219			(182		)	(64		)	64			576			37			(231		)	(78	)%	(539		)	(94	)%	128				#
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	42			48			49			49			46			207			192			4			10	%	(15		)	(7	)%	(3		)	(6	)%
Total expenses	682			363			468			323			463			1,905			1,617			(219		)	(32	)%	(288		)	(15	)%	140			43	%
Pretax segment income (loss)	$	(372	)	$	129		$	94		$	268		$	157		$	(287	)	$	648		$	529			#	$	935			#	$	(111	)	(41	)%
Income Statement Metrics
Pretax segment income (loss) margin (1)	(120.0		)%	26.2		%	16.7		%	45.3		%	25.3		%	(17.7		)%	28.6		%	145.3		%			46.3		%			(20.0		)%
Net Investment Income
Investment income on fixed maturities	$	243		$	259		$	314		$	336		$	337		$	985		$	1,246		$	94		39	%	$	261		26	%	$	1		—
Realized gains (losses)	(169		)	20			8			—			16			(350		)	44			185				#	394				#	16			—
Other (including seed money)	18			10			17			7			(1		)	17			33			(19		)		#	16			94	%	(8		)		#
Total net investment income	$	92		$	289		$	339		$	343		$	352		$	652		$	1,323		$	260			#	$	671			#	$	9		3	%
Balance Sheet Metrics
Allocated equity	$	2,754		$	2,774		$	2,093		$	2,322		$	2,459		$	2,754		$	2,459		$	(295	)	(11	)%	$	(295	)	(11	)%	$	137		6	%
Return on allocated equity (1) (4)	(8.4		)%	(5.5		)%	(5.0		)%	3.2		%	17.0		%	(8.4		)%	17.0		%	25.4		%			25.4		%			13.8		%
Other Metrics
Net variable annuity living benefits market impact (2) (3)	$	82		$	267		$	(360	)	$	(66	)	$	(3	)	$	113		$	(162	)	$	(85	)		#	$	(275	)		#	$	63		95	%
Total annuity net flows	$	951		$	1,779		$	1,129		$	527		$	255		$	2,067		$	3,690		$	(696	)	(73	)%	$	1,623		79	%	$	(272	)	(52	)%

(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.

(4)   Calculated using the statutory tax rate of 35%.

# Variance of 100% or greater.

18

Ameriprise Financial, Inc.

Annuities Segment

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Product Information
Variable Annuities
Pretax segment income (loss)	$	(257	)	$	83		$	21		$	189		$	86		$	(98	)	$	379		$	343			#	$	477			#	$	(103	)	(54	)%
Allocated equity	$	1,315		$	1,099		$	801		$	988		$	1,005		$	1,315		$	1,005		$	(310	)	(24	)%	$	(310	)	(24	)%	$	17		2	%
Return on allocated equity (1)	(6.1		)%	(2.1		)%	(4.4		)%	2.2		%	23.7		%	(6.1		)%	23.7		%	29.8		%			29.8		%			21.5		%
Fixed Annuities(2)
Pretax segment income (loss)	$	(115	)	$	46		$	73		$	79		$	71		$	(189	)	$	269		$	186			#	$	458			#	$	(8	)	(10	)%
Allocated equity	$	1,439		$	1,675		$	1,292		$	1,334		$	1,454		$	1,439		$	1,454		$	15		1	%	$	15		1	%	$	120		9	%
Return on allocated equity (1)	(10.5		)%	(8.4		)%	(5.6		)%	4.0		%	12.2		%	(10.5		)%	12.2		%	22.7		%			22.7		%			8.2		%
Variable Annuities Rollforward
Beginning balance	$	50,300		$	43,280		$	41,468		$	47,104		$	52,995		$	57,182		$	43,280		$	2,695		5	%	$	(13,902	)	(24	)%	$	5,891		13	%
Deposits	1,567			1,322			1,411			1,435			1,378			7,502			5,546			(189		)	(12	)%	(1,956		)	(26	)%	(57		)	(4	)%
Withdrawals and terminations	(1,058		)	(994		)	(844		)	(909		)	(980		)	(4,763		)	(3,727		)	78			7	%	1,036			22	%	(71		)	(8	)%
Net flows	509			328			567			526			398			2,739			1,819			(111		)	(22	)%	(920		)	(34	)%	(128		)	(24	)%
Investment performance and interest credited	(7,528		)	(2,137		)	5,060			5,365			1,713			(16,642		)	10,001			9,241				#	26,643				#	(3,652		)	(68	)%
Other	(1		)	(3		)	9			—			—			1			6			1				#	5				#	—			—
Total ending balance - contract accumulation values	$	43,280		$	41,468		$	47,104		$	52,995		$	55,106		$	43,280		$	55,106		$	11,826		27	%	$	11,826		27	%	$	2,111		4	%
Variable annuities fixed sub-accounts	$	5,623		$	5,919		$	5,987		$	6,036		$	6,124		$	5,623		$	6,124		$	501		9	%	$	501		9	%	$	88		1	%
Fixed Annuities Rollforward
Beginning balance	$	11,682		$	12,228		$	13,805		$	14,464		$	14,615		$	12,463		$	12,228		$	2,933		25	%	$	(235	)	(2	)%	$	151		1	%
Deposits	999			2,097			974			343			167			1,664			3,581			(832		)	(83	)%	1,917				#	(176		)	(51	)%
Withdrawals and terminations	(557		)	(646		)	(412		)	(342		)	(310		)	(2,336		)	(1,710		)	247			44	%	626			27	%	32			9	%
Net flows	442			1,451			562			1			(143		)	(672		)	1,871			(585		)		#	2,543				#	(144		)		#
Policyholder interest credited	107			126			145			151			151			404			573			44			41	%	169			42	%	—			—
Other	(3		)	—			(48		)	(1		)	—			33			(49		)	3				#	(82		)		#	1				#
Total ending balance - contract accumulation values	$	12,228		$	13,805		$	14,464		$	14,615		$	14,623		$	12,228		$	14,623		$	2,395		20	%	$	2,395		20	%	$	8		—
Capitalized Interest	$	5		$	10		$	10		$	9		$	8		$	11		$	37		$	3		60	%	$	26			#	$	(1	)	(11	)%
Payout Annuities Reserve Balance	$	2,105		$	2,082		$	2,115		$	2,104		$	2,102		$	2,105		$	2,102		$	(3	)	—		$	(3	)	—		$	(2	)	—
Tax Equivalent Spread - Fixed Annuities(3)
Gross rate of return on invested assets (4)	5.2		%	5.5		%	6.3		%	6.4		%	6.1		%	5.3		%	6.1		%	0.9		%			0.8		%			(0.3		)%
Crediting rate excluding capitalized interest	(3.8		)%	(3.8		)%	(4.0		)%	(4.0		)%	(3.9		)%	(3.7		)%	(3.9		)%	(0.1		)%			(0.2		)%			0.1		%
Tax equivalent margin spread	1.4		%	1.7		%	2.3		%	2.4		%	2.2		%	1.6		%	2.2		%	0.8		%			0.6		%			(0.2		)%
Total Variable Annuities DAC
Beginning balance	$	2,176		$	2,063		$	1,894		$	2,060		$	2,116		$	2,086		$	2,063		$	(60	)	(3	)%	$	(23	)	(1	)%	$	56		3	%
Capitalization	60			61			68			68			64			343			261			4			7	%	(82		)	(24	)%	(4		)	(6	)%
Amortization per income statement	(291		)	(207		)	200			70			(48		)	(524		)	15			243			84	%	539				#	(118		)		#
Cumulative effect of accounting change (5)	—			—			—			—			—			36			—			—			—		(36		)		#	—			—
Other (FAS 115)	118			(23		)	(102		)	(82		)	—			122			(207		)	(118		)		#	(329		)		#	82				#
Total ending balance	$	2,063		$	1,894		$	2,060		$	2,116		$	2,132		$	2,063		$	2,132		$	69		3	%	$	69		3	%	$	16		1	%
Total Fixed Annuities DAC
Beginning balance	$	217		$	316		$	366		$	389		$	304		$	250		$	316		$	87		40	%	$	66		26	%	$	(85	)	(22	)%
Capitalization	50			99			46			19			8			76			172			(42		)	(84	)%	96				#	(11		)	(58	)%
Amortization per income statement	(4		)	(12		)	(18		)	(6		)	(16		)	(52		)	(52		)	(12		)		#	—			—		(10		)		#
Other (FAS 115)	53			(37		)	(5		)	(98		)	5			42			(135		)	(48		)	(91	)%	(177		)		#	103				#
Total ending balance	$	316		$	366		$	389		$	304		$	301		$	316		$	301		$	(15	)	(5	)%	$	(15	)	(5	)%	$	(3	)	(1	)%

(1)   Calculated using the statutory tax rate of 35%.

(2)   Includes payout annuities.

(3)   Attributable to interest sensitive products only, which have been approximately 98% 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.

(4)   The Gross rate of return on invested assets for the 4th quarter 2009 is affected by a significant purchase of a forward settle FNMA TBA position that is recorded on a trade basis. Without this position, the Gross rate of return on invested assets for the 4th quarter 2009 would be approximately 6.3%.

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

# Variance of 100% or greater.

19

Statistical Supplement Package

(unaudited)

Fourth Quarter 2009

Protection Segment

20

Ameriprise Financial, Inc.

Protection Segment

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	11		$	10		$	11		$	13		$	13		$	56		$	47		$	2		18	%	$	(9	)	(16	)%	$	—		—
Distribution fees	28			24			24			24			25			106			97			(3		)	(11	)%	(9		)	(8	)%	1			4	%
Net investment income	42			100			97			112			113			252			422			71				#	170			67	%	1			1	%
Premiums	254			247			254			257			262			994			1,020			8			3	%	26			3	%	5			2	%
Other revenues	115			115			111			44			116			547			386			1			1	%	(161		)	(29	)%	72				#
Total revenues	450			496			497			450			529			1,955			1,972			79			18	%	17			1	%	79			18	%
Banking and deposit interest expense	—			—			—			—			1			1			1			1			—		—			—		1			—
Total net revenues	450			496			497			450			528			1,954			1,971			78			17	%	17			1	%	78			17	%
Expenses
Distribution expenses	3			5			6			4			7			18			22			4				#	4			22	%	3			75	%
Interest credited to fixed accounts	36			36			36			36			36			144			144			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	218			229			236			213			246			856			924			28			13	%	68			8	%	33			15	%
Amortization of deferred acquisition costs	95			61			51			(5		)	52			333			159			(43		)	(45	)%	(174		)	(52	)%	57				#
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	65			53			58			57			58			251			226			(7		)	(11	)%	(25		)	(10	)%	1			2	%
Total expenses	417			384			387			305			399			1,602			1,475			(18		)	(4	)%	(127		)	(8	)%	94			31	%
Pretax segment income	$	33		$	112		$	110		$	145		$	129		$	352		$	496		$	96			#	$	144		41	%	$	(16	)	(11	)%
Pretax Operating Earnings (1)
Pretax segment income	$	33		$	112		$	110		$	145		$	129		$	352		$	496		$	96			#	$	144		41	%	$	(16	)	(11	)%
Realized (gains) losses	44			(8		)	1			(7		)	(13		)	92			(27		)	(57		)		#	(119		)		#	(6		)	(86	)%
Total pretax operating earnings	$	77		$	104		$	111		$	138		$	116		$	444		$	469		$	39		51	%	$	25		6	%	$	(22	)	(16	)%
Income Statement Metrics
Pretax segment income margin (1)	7.3		%	22.6		%	22.1		%	32.2		%	24.4		%	18.0		%	25.2		%	17.1		%			7.2		%			(7.8		)%
Pretax operating earnings margin (1)	17.1		%	21.0		%	22.3		%	30.7		%	22.0		%	22.7		%	23.8		%	4.9		%			1.1		%			(8.7		)%
Net Investment Income
Investment income on fixed maturities	$	75		$	81		$	85		$	94		$	93		$	307		$	353		$	18		24	%	$	46		15	%	$	(1	)	(1	)%
Realized gains (losses)	(44		)	8			(1		)	7			13			(92		)	27			57				#	119				#	6			86	%
Other (including seed money)	11			11			13			11			7			37			42			(4		)	(36	)%	5			14	%	(4		)	(36	)%
Total net investment income	$	42		$	100		$	97		$	112		$	113		$	252		$	422		$	71			#	$	170		67	%	$	1		1	%
Balance Sheet Metrics
Allocated equity	$	2,339		$	2,388		$	2,450		$	2,463		$	2,540		$	2,339		$	2,540		$	201		9	%	$	201		9	%	$	77		3	%
Return on allocated equity (1) (2)	9.7		%	9.9		%	9.7		%	10.7		%	13.2		%	9.7		%	13.2		%	3.5		%			3.5		%			2.5		%
Product Information
Long Term Care
Pretax income (loss)	$	(12	)	$	10		$	3		$	13		$	10		$	(29	)	$	36		$	22			#	$	65			#	$	(3	)	(23	)%
Allocated equity	$	561		$	569		$	578		$	590		$	620		$	561		$	620		$	59		11	%	$	59		11	%	$	30		5	%
Return on allocated equity (1) (2)	(3.3		)%	(2.1		)%	(1.8		)%	1.6		%	4.0		%	(3.3		)%	4.0		%	7.3		%			7.3		%			2.4		%
Protection excluding Long Term Care
Pretax income	$	45		$	102		$	107		$	132		$	119		$	381		$	460		$	74			#	$	79		21	%	$	(13	)	(10	)%
Allocated equity	$	1,778		$	1,819		$	1,872		$	1,873		$	1,920		$	1,778		$	1,920		$	142		8	%	$	142		8	%	$	47		3	%
Return on allocated equity (1) (2)		13.8	%		13.7	%		13.4	%		13.6	%		16.1	%		13.8	%		16.1	%		2.3	%				2.3	%				2.5	%

(1)   See non-GAAP Financial Information.

(2)   Calculated using the statutory tax rate of 35%.

# Variance of 100% or greater.

21

Ameriprise Financial, Inc.

Protection Segment

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Cash Sales
VUL / UL (1)	$	43		$	33		$	45		$	55		$	56		$	228		$	189		$	13		30	%	$	(39	)	(17	)%	$	1		2	%
Term and whole life	5			3			4			4			4			18			15			(1		)	(20	)%	(3		)	(17	)%	—			—
Disability insurance	3			1			3			1			2			14			7			(1		)	(33	)%	(7		)	(50	)%	1				#
Auto and Home	154			165			165			178			166			631			674			12			8	%	43			7	%	(12		)	(7	)%
Total cash sales	$	205		$	202		$	217		$	238		$	228		$	891		$	885		$	23		11	%	$	(6	)	(1	)%	$	(10	)	(4	)%
VUL / UL Policyholder Account Balances
Beginning balance	$	8,591		$	7,570		$	7,350		$	7,957		$	8,593		$	9,836		$	7,570		$	2		—		$	(2,266	)	(23	)%	$	636		8	%
Premiums and deposits	230			228			231			242			248			1,006			949			18			8	%	(57		)	(6	)%	6			2	%
Investment performance and interest	(965		)	(260		)	644			674			244			(2,118		)	1,302			1,209				#	3,420				#	(430		)	(64	)%
Withdrawals and surrenders	(255		)	(254		)	(268		)	(280		)	(282		)	(1,088		)	(1,084		)	(27		)	(11	)%	4			—		(2		)	(1	)%
Other	(31		)	66			—			—			—			(66		)	66			31				#	132				#	—			—
Total ending balance	$	7,570		$	7,350		$	7,957		$	8,593		$	8,803		$	7,570		$	8,803		$	1,233		16	%	$	1,233		16	%	$	210		2	%
Premiums by Product
Term and whole life	$	14		$	14		$	14		$	14		$	14		$	59		$	56		$	—		—		$	(3	)	(5	)%	$	—		—
Disability insurance	43			43			42			43			42			173			170			(1		)	(2	)%	(3		)	(2	)%	(1		)	(2	)%
Long term care	31			29			30			30			31			121			120			—			—		(1		)	(1	)%	1			3	%
Auto and Home	157			156			160			164			168			610			648			11			7	%	38			6	%	4			2	%
Intercompany premiums	9			5			8			6			7			31			26			(2		)	(22	)%	(5		)	(16	)%	1			17	%
Total premiums by product	$	254		$	247		$	254		$	257		$	262		$	994		$	1,020		$	8		3	%	$	26		3	%	$	5		2	%
Auto and Home Insurance
Policy count (thousands)	547			558			570			581			594			547			594			47			9	%	47			9	%	13			2	%
Loss ratio	80.4		%	79.6		%	79.6		%	80.4		%	81.8		%	77.9		%	80.4		%	1.4		%			2.5		%			1.4		%
Expense ratio	16.2		%	14.8		%	15.2		%	15.0		%	17.5		%	17.2		%	15.6		%	1.3		%			(1.6		)%			2.5		%
Combined ratio	96.6		%	94.4		%	94.8		%	95.4		%	99.3		%	95.1		%	96.0		%	2.7		%			0.9		%			3.9		%
DAC Rollforward
Life and Health
Beginning balance	$	1,920		$	1,946		$	1,920		$	1,858		$	1,853		$	1,998		$	1,946		$	(67	)	(3	)%	$	(52	)	(3	)%	$	(5	)	—
Capitalization	41			29			30			32			33			169			124			(8		)	(20	)%	(45		)	(27	)%	1			3	%
Amortization per income statement	(83		)	(48		)	(38		)	17			(39		)	(285		)	(108		)	44			53	%	177			62	%	(56		)		#
Other (FAS 115)	68			(7		)	(54		)	(54		)	5			64			(110		)	(63		)	(93	)%	(174		)		#	59				#
Total ending balance	$	1,946		$	1,920		$	1,858		$	1,853		$	1,852		$	1,946		$	1,852		$	(94	)	(5	)%	$	(94	)	(5	)%	$	(1	)	—
Life insurance in force	$	192,061		$	192,022		$	192,186		$	192,558		$	192,871		$	192,061		$	192,871		$	810		—		$	810		—		$	313		—
Net Amount at Risk	$	56,857		$	55,578		$	54,336		$	53,346		$	52,575		$	56,857		$	52,575		$	(4,282	)	(8	)%	$	(4,282	)	(8	)%	$	(771	)	(1	)%
Net Policyholder Reserves
VUL / UL	$	6,637		$	6,360		$	6,911		$	7,552		$	7,776		$	6,637		$	7,776		$	1,139		17	%	$	1,139		17	%	$	224		3	%
Term and whole life	238			236			234			238			236			238			236			(2		)	(1	)%	(2		)	(1	)%	(2		)	(1	)%
Disability insurance	458			469			472			476			480			458			480			22			5	%	22			5	%	4			1	%
Long term care and other	2,375			2,351			2,374			2,401			2,424			2,375			2,424			49			2	%	49			2	%	23			1	%
Auto and Home loss and LAE reserves	308			303			304			306			313			308			313			5			2	%	5			2	%	7			2	%
Total net policyholder reserves	$	10,016		$	9,719		$	10,295		$	10,973		$	11,229		$	10,016		$	11,229		$	1,213		12	%	$	1,213		12	%	$	256		2	%

(1)   Includes lump sum deposits.

# Variance of 100% or greater.

22

Statistical Supplement Package

(unaudited)

Fourth Quarter 2009

Corporate & Other Segment

23

Ameriprise Financial, Inc.

Corporate & Other Segment

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	(36		)	(21		)	(15		)	(11		)	(12		)	(25		)	(59		)	24			67	%	(34		)		#	(1		)	(9	)%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	22			51			8			2			1			26			62			(21		)	(95	)%	36				#	(1		)	(50	)%
Total revenues	(14		)	30			(7		)	(9		)	(11		)	1			3			3			21	%	2				#	(2		)	(22	)%
Banking and deposit interest expense	1			1			(2		)	2			—			2			1			(1		)		#	(1		)	(50	)%	(2		)		#
Total net revenues	(15		)	29			(5		)	(11		)	(11		)	(1		)	2			4			27	%	3				#	—			—
Expenses
Distribution expenses	—			1			1			—			1			1			3			1			—		2				#	1			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	28			26			28			45			28			109			127			—			—		18			17	%	(17		)	(38	)%
General and administrative expense	74			26			32			39			40			253			137			(34		)	(46	)%	(116		)	(46	)%	1			3	%
Total expenses	102			53			61			84			69			363			267			(33		)	(32	)%	(96		)	(26	)%	(15		)	(18	)%
Pretax segment loss	$	(117	)	$	(24	)	$	(66	)	$	(95	)	$	(80	)	$	(364	)	$	(265	)	$	37		32	%	$	99		27	%	$	15		16	%
Net Investment Income
Investment income on fixed maturities	$	5		$	—		$	—		$	1		$	—		$	52		$	1		$	(5	)		#	$	(51	)	(98	)%	$	(1	)		#
Realized gains (losses)	(3		)	—			7			2			(9		)	(3		)	—			(6		)		#	3				#	(11		)		#
Affordable housing	(17		)	(6		)	(7		)	(7		)	(5		)	(39		)	(25		)	12			71	%	14			36	%	2			29	%
Other	(21		)	(15		)	(15		)	(7		)	2			(35		)	(35		)	23				#	—			—		9				#
Total net investment income	$	(36	)	$	(21	)	$	(15	)	$	(11	)	$	(12	)	$	(25	)	$	(59	)	$	24		67	%	$	(34	)		#	$	(1	)	(9	)%
Balance Sheet Metrics
Allocated equity	$	115		$	484		$	2,087		$	2,144		$	2,210		$	115		$	2,210		$	2,095			#	$	2,095			#	$	66		3	%

# Variance of 100% or greater.

24

Ameriprise Financial, Inc.

Eliminations(1)

Fourth Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	(12	)	$	(23	)	$	(34	)	$	(31	)	$	(31	)	$	(51	)	$	(119	)	$	(19	)		#	$	(68	)		#	$	—		—
Distribution fees	(235		)	(248		)	(208		)	(208		)	(209		)	(975		)	(873		)	26			11	%	102			10	%	(1		)	—
Net investment income	—			—			—			(1		)	—			(6		)	(1		)	—			—		5			83	%	1				#
Premiums	(8		)	(5		)	(8		)	(6		)	(7		)	(31		)	(26		)	1			13	%	5			16	%	(1		)	(17	)%
Other revenues	—			—			—			—			—			—			—			—			—		—			—		—			—
Total revenues	(255		)	(276		)	(250		)	(246		)	(247		)	(1,063		)	(1,019		)	8			3	%	44			4	%	(1		)	—
Banking and deposit interest expense	(2		)	(1		)	—			—			(1		)	(9		)	(2		)	1			50	%	7			78	%	(1		)	—
Total net revenues	(253		)	(275		)	(250		)	(246		)	(246		)	(1,054		)	(1,017		)	7			3	%	37			4	%	—			—
Expenses
Distribution expenses	(199		)	(222		)	(187		)	(192		)	(192		)	(852		)	(793		)	7			4	%	59			7	%	—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	(54		)	(53		)	(63		)	(54		)	(54		)	(202		)	(224		)	—			—		(22		)	(11	)%	—			—
Total expenses	(253		)	(275		)	(250		)	(246		)	(246		)	(1,054		)	(1,017		)	7			3	%	37			4	%	—			—
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)

Fourth Quarter 2009

Balance Sheet and Ratings Information

26

Ameriprise Financial, Inc.

Consolidated Balance Sheets

(in millions, unaudited)	December 31, 2008			March 31, 2009			June 30, 2009			September 30, 2009			December 31, 2009
Assets
Cash and cash equivalents	$	6,228		$	5,796		$	4,469		$	3,580		$	3,097
Investments	27,522			30,738			34,793			36,847			36,974
Separate account assets	44,746			42,014			48,661			55,576			58,129
Receivables	3,887			3,579			4,067			4,247			4,435
Deferred acquisition costs	4,383			4,237			4,361			4,323			4,334
Restricted and segregated cash	1,883			1,811			1,730			1,822			1,633
Other assets	6,928			6,406			5,133			4,806			5,172
Total assets	$	95,577		$	94,581		$	103,214		$	111,201		$	113,774
Liabilities
Future policy benefits and claims	$	29,293		$	30,956		$	30,916		$	31,042		$	30,886
Separate account liabilities	44,746			42,014			48,661			55,576			58,129
Customer deposits	8,229			8,465			9,216			9,028			8,554
Debt	2,027			1,922			2,435			2,076			2,249
Accounts payable and accrued expenses	887			713			825			765			918
Other liabilities	3,928			3,874			2,787			3,320			3,162
Total liabilities	89,110			87,944			94,840			101,807			103,898
Shareholders’ Equity
Ameriprise Financial
Common shares ($.01 par)	3			3			3			3			3
Additional paid-in capital	4,688			4,719			5,641			5,699			5,748
Retained earnings	4,592			4,817			4,875			5,091			5,282
Treasury stock	(2,012		)	(2,021		)	(2,021		)	(2,021		)	(2,023		)
Accumulated other comprehensive income (loss), net of tax	(1,093		)	(1,134		)	(388		)	277			263
Total Ameriprise Financial shareholders’ equity	6,178			6,384			8,110			9,049			9,273
Noncontrolling interest	289			253			264			345			603
Total equity	6,467			6,637			8,374			9,394			9,876
Total liabilities and shareholders’ equity	$	95,577		$	94,581		$	103,214		$	111,201		$	113,774

27

Ameriprise Financial, Inc.

Capital and Ratings Information

(in millions unless otherwise noted, unaudited)	December 31, 2008			March 31, 2009			June 30, 2009			September 30, 2009			December 31, 2009
Debt Summary
Senior notes	$	1,500		$	1,500		$	1,990		$	1,540		$	1,540
Junior subordinated notes (2)	457			344			322			322			322
Non-recourse debt
Debt for inverse floaters	6			6			6			6			6
Debt of property fund limited partnerships	64			72			117			208			381
Total non-recourse debt	70			78			123			214			387
Total debt	$	2,027		$	1,922		$	2,435		$	2,076		$	2,249
Total debt	$	2,027		$	1,922		$	2,435		$	2,076		$	2,249
Total non-recourse debt	(70		)	(78		)	(123		)	(214		)	(387		)
Total debt excluding non-recourse debt (1)	1,957			1,844			2,312			1,862			1,862
Junior subordinated notes 75% equity credit (2)	(343		)	(258		)	(242		)	(242		)	(242		)
Total debt excluding non-recourse debt and 75% equity credit (1) (2)	$	1,614		$	1,586		$	2,070		$	1,620		$	1,620
Total Ameriprise Financial shareholders’ equity	$	6,178		$	6,384		$	8,110		$	9,049		$	9,273
Total capital	8,205			8,306			10,545			11,125			11,522
Total capital excluding non-recourse debt (1)	$	8,135		$	8,228		$	10,422		$	10,911		$	11,135
Other Information
Debt to total capital	24.7		%	23.1		%	23.1		%	18.7		%	19.5		%
Debt to total capital excluding non-recourse debt (1)	24.1		%	22.4		%	22.2		%	17.1		%	16.7		%
Debt to total capital excluding non-recourse debt and 75% equity credit (1)	19.8		%	19.3		%	19.9		%	14.8		%	14.5		%

Ratings (as of December 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)	December 31, 2008			March 31, 2009			June 30, 2009			September 30, 2009			December 31, 2009
Cash and cash equivalents	$	6,228		$	5,796		$	4,469		$	3,580		$	3,097
Investments - Ending Balances
Available-for-Sale Securities
Corporate debt securities	12,599			12,969			15,016			16,487			16,123
Residential mortgage backed securities	5,235			6,720			7,434			8,049			7,770
Commercial mortgage backed securities	2,733			3,438			4,056			4,373			4,613
Asset backed securities	958			1,305			1,909			1,846			1,994
Total mortgage and other asset backed securities	8,926			11,463			13,399			14,268			14,377
Other structured investments	50			38			49			55			58
State and municipal obligations	873			947			1,089			1,322			1,417
US government and agencies obligations	271			188			185			312			387
Foreign government bonds and obligations	107			105			106			109			108
Common and preferred stocks	37			23			39			48			43
Other AFS	10			29			28			24			33
Total other	1,348			1,330			1,496			1,870			2,046
Total available-for-sale securities	22,873			25,762			29,911			32,625			32,546
Commercial mortgage loans	2,906			2,871			2,786			2,735			2,695
Allowance for loan losses	(19		)	(19		)	(28		)	(29		)	(32		)
Commercial mortgage loans, net	2,887			2,852			2,758			2,706			2,663
Policy loans	729			722			715			719			720
Trading securities	501			874			904			313			592
Other investments	532			528			505			484			453
Total investments	27,522			30,738			34,793			36,847			36,974
Total cash, cash equivalents and investments	$	33,750		$	36,534		$	39,262		$	40,427		$	40,071
Net unrealized gain (loss) Available-for-Sale Securities	$	(1,835	)	$	(1,822	)	$	(577	)	$	799		$	686
AFS Fixed Maturity Asset Quality - %
AAA	40		%	42		%	42		%	41		%	41		%
AA	7		%	6		%	4		%	4		%	5		%
AFS securities AA and above	47		%	48		%	46		%	45		%	46		%
A	19		%	15		%	13		%	16		%	15		%
BBB	29		%	31		%	34		%	33		%	33		%
Below investment grade	5		%	6		%	7		%	6		%	6		%
Total AFS fixed maturity asset quality - %	100		%	100		%	100		%	100		%	100		%
Fair Value of Below Investment Grade as a % ofTotal cash and investments	5		%	6		%	7		%	6		%	5		%

29

Ameriprise Financial, Inc.

Non-GAAP Financial Information

Ameriprise Financial, Inc. (the Company) follows accounting principles generally accepted in the United States (U.S. GAAP).  This report includes information on both a U.S. GAAP and non-GAAP basis.

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;

· Return on allocated equity;

· Debt to total capital excluding non-recourse debt;

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

· Pretax operating earnings;

· Pretax operating earnings margin;

· Total debt excluding non-recourse debt;

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

· Total capital excluding non-recourse debt.

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% equity credit for the Company’s junior subordinated debt.  Management believes that the debt to capital ratios excluding this non-recourse debt better represent the Company’s capital structure.

Reclassification

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

30

Ameriprise Financial, Inc.

Glossary of Selected Terminology - Segments

Advice & Wealth Management - This segment provides financial planning and advice, as well as full service brokerage and banking services, primarily to retail clients through our financial advisors. Our affiliated financial advisors utilize 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 is 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. RiverSource Investments predominantly provides U.S. domestic products and services and Threadneedle Asset Management Holdings Sàrl (Threadneedle) predominantly provides international investment products and services. U.S. Domestic retail products are primarily distributed through our Advice & Wealth Management segment and also through unaffiliated advisors. International retail products are primarily distributed through third parties. Retail products 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 variable and fixed annuity products of RiverSource Life companies to retail clients primarily distributed through our affiliated financial advisors 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 assets supporting fixed 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 reserves for immediate annuities and for certain guaranteed benefits offered with variable annuities and on 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 branded advisors. Our property-casualty products are sold direct, primarily through affinity relationships. We issue insurance policies through our life insurance subsidiaries and property casualty companies. 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 excess capital held in our subsidiaries and other 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) is based on management’s best estimate of capital required by the business, and may include capital for contingences.  Equity is allocated 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 equity available after equity has been allocated to the operating segments.

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 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.

FAS 115 - We record unrealized securities gains (losses) in accumulated other comprehensive income (loss), net of income tax provision (benefit) and net of adjustments in other asset and liability balances, such as DAC, to reflect the expected impact on their carrying values had the unrealized securities gains (losses) been realized as of the respective balance sheet dates.

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 Assets External Client - Managed external client assets include client assets for which we provide investment management services, such as the assets of the RiverSource and Seligman families 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 Assets Owned - 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.

Return on Allocated Equity - Calculated using net income (loss) subject to statutory tax rate of 35% 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, Inc. (“SAI”) is a registered broker-dealer and an insurance agency.

Separate Account - 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.

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 Sarl 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)

Fourth Quarter 2009

Reconciliation Tables

33

Ameriprise Financial, Inc.

Return on Equity Calculation(1)

Fourth Quarter 2009

	Return on Equity Calculation for the Twelve Months Ended
(in millions, unaudited)	December 31, 2008			March 31, 2009			June 30, 2009			September 30, 2009			December 31, 2009
Return	$	(38	)	$	(99	)	$	(214	)	$	116		$	722
Ameriprise Financial shareholders’ equity	$	7,120		$	6,835		$	6,941		$	7,288		$	7,799
Return on Equity	(0.5		)%	(1.4		)%	(3.1		)%	1.6		%	9.3		%

(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.

34

Exhibit B

Statistical Supplement Package

(unaudited)

Fourth Quarter 2009

Disclosed Items

35

Ameriprise Financial, Inc.

Disclosed Items

Fourth Quarter 2009

	Advice & Wealth Management						Asset Management							Annuities								Protection								Corporate
										Consolidated						VA			Market					Market
	Securities			Integration			Integration			Managed			Hedge Fund	Securities		Guarantee			Impacts			Securities		Impacts			Reserve			Securities			Legal
(in millions, unaudited)	Gains/(Losses) (1)(9)			Charges (2)(9)			Charges (2)(9)			Funds (3)			Performance Fees (4)	Gains/(Losses) (1)(9)		Impacts (5)(9)			to DAC/DSIC (6)(9)			Gains/(Losses) (1)(9)		to DAC/DSIC (6)(9)			Increase (7)			Gains/(Losses) (1)(9)			Expenses (8)			Consolidated
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	(1	)	*	$	—	$	—		$	—		$	—	$	—		$	—		$	—		$	—		$	(1	)
Distribution fees	—			—			—			—			—	—		—			—			—		—			—			—			—			—
Net investment income	(2		)	—			—			1			—	16		—			—			13		—			—			(9		)	—			19
Premiums	—			—			—			—			—	—		—			—			—		—			—			—			—			—
Other revenues	—			—			—			43			—	—		—			—			—		—			—			—			—			43
Total revenues	(2		)	—			—			43			—	16		—			—			13		—			—			(9		)	—			61
Banking and deposit interest expense	—			—			—			—			—	—		—			—			—		—			—			—			—			—
Total net revenues	(2		)	—			—			43			—	16		—			—			13		—			—			(9		)	—			61
Expenses
Distribution expenses	—			—			—			—			—	—		—			—			—		—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—	—		—			—			—		—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—	—		5			—			—		—			14			—			—			19
Amortization of deferred acquisition costs	—			—			—			—			—	—		—			(3		)	—		(1		)	—			—			—			(4		)
Interest and debt expense	—			—			—			—			—	—		—			—			—		—			—			—			—			—
General and administrative expense	—			15			7			6			*	—		—			—			—		—			—			—			19			47
Total expenses	—			15			7			6			—	—		5			(3		)	—		(1		)	14			—			19			62
Pretax segment income (loss)	(2		)	(15		)	(7		)	37			—	16		(5		)	3			13		1			(14		)	(9		)	(19		)	(1		)
Less: Net loss attributable to noncontrolling interest	—			—			—			37			—	—		—			—			—		—			—			—			—			37

Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest $ (2 ) $ (15 ) $ (7 ) $ — $ 30 $ 16 $ (5 ) $ 3 $ 13 $ 1 $ (14 ) $ (9 ) $ (19 ) $ (8 )

(1)Includes net realized gains and losses on Available-for-Sale securities and an increase in reserves on commercial mortgage loans

(2)Non-recurring integration charges related to J. & W. Seligman & Co., H&R Block Financial Advisors and Columbia Management acquisitions

(3)Reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund partnerships managed by RiverSource

(4)The company has chosen not to disclose the gross revenue and expense amounts for competitive reasons, but instead has shown the net PTI impact

(5)Variable annuity guarantee impacts include:

$ 3 million net expense related to hedged variable annuity living benefits

$ 2 million increase in death and income benefit expenses due to higher equity market valuations

(6)Decrease in DAC and DSIC amortization from higher period ending account values

(7)Increase in VUL/UL reserves related to modeling assumptions

(8)Increase in legal expenses related to a previously disclosed client mediation

(9)   Excluded from core operating earnings

36

Ameriprise Financial, Inc.

Disclosed Items

Fourth Quarter 2008

	Advice & Wealth Management						Asset Management										Annuities									Protection									Corporate
				Restructuring					Consolidated			Gain on Sale		Restructuring						VA			Market						Market						Junior		Restructuring
	Securities			& Integration			Securities		Managed			of Operating		& Integration			Securities			Guarantee			Impacts			Securities			Impacts to			Securities			Subordinated Notes		& Integration
(in millions, unaudited)	Losses (1)			Charges (7)			Losses (1)		Funds (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 segment 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 gain (loss) excluding net loss attributable to noncontrolling interest	$	(194	)	$	(12	)	$	1	$	—		$	36	$	(5	)	$	(169	)	$	(88	)	$	(203	)	$	(44	)	$	(49	)	$	(14	)	$	19	$	(62	)	$	(784	)

(1)    Pretax 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)    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 and the DAC effect of the variable annuity living benefit riders, net of hedges

(6)    Gain on the repurchase of certain junior subordinated notes

(7)    Previously announced integration and restructuring charges

37

Ameriprise Financial, Inc.

Disclosed Items - Included in Core Operating Earnings

Third Quarter 2009

	Asset Management						Annuities			Protection
	Consolidated
	Managed			Legal			Valuation			Valuation
(in millions, unaudited)	Funds (1)			Expenses (2)			Assumptions (3)			Assumptions (3)			Consolidated
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—
Net investment income	(1		)	—			—			—			(1		)
Premiums	—			—			—			—			—
Other revenues	4			—			—			(65		)	(61		)
Total revenues	3			—			—			(65		)	(62		)
Banking and deposit interest expense	—			—			—			—			—
Total net revenues	3			—			—			(65		)	(62		)
Expenses
Distribution expenses	—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			(47		)	(33		)	(80		)
Amortization of deferred acquisition costs	—			—			(64		)	(55		)	(119		)
Interest and debt expense	—			—			—			—			—
General and administrative expense	3			10			—			—			13
Total expenses	3			10			(111		)	(88		)	(186		)
Pretax segment income (loss)	—			(10		)	111			23			124
Less: Net loss attributable to noncontrolling interest	—			—			—			—			—
Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest	$	—		$	(10	)	$	111		$	23		$	124

(1)	Reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund partnerships managed by RiverSource
(2)	Increase in legal expenses
(3)	Net impact of annual review/updating of valuation assumptions

38

Ameriprise Financial, Inc.

Disclosed Items - Excluded from Core Operating Earnings

Third Quarter 2009

	Advice & Wealth Management					Asset Management			Annuities						Protection					Corporate
									VA			Market					Market
	Securities		Integration			Integration			Guarantee			Impacts			Securities		Impacts			Securities		RiverSource			Debt Retirement			Integration
(in millions, unaudited)	Gains/(Losses) (1)		Charges (2)			Charges (2)			Impacts (3)			to DAC/DSIC (4)			Gains/(Losses) (1)		to DAC/DSIC (4)			Gains/(Losses) (1)		2a-7 Fund (5)			Costs (6)			Charges (2)			Consolidated
Revenues
Management and financial advice fees	$	—	$	—		$	—		$	—		$	—		$	—	$	—		$	—	$	—		$	—		$	—		$	—
Distribution fees	—		—			—			—			—			—		—			—		—			—			—			—
Net investment income	5		—			—			—			—			7		—			2		—			—			—			14
Premiums	—		—			—			—			—			—		—			—		—			—			—			—
Other revenues	—		—			—			—			—			—		—			—		—			—			—			—
Total revenues	5		—			—			—			—			7		—			2		—			—			—			14
Banking and deposit interest expense	—		—			—			—			—			—		—			—		—			—			—			—
Total net revenues	5		—			—			—			—			7		—			2		—			—			—			14
Expenses
Distribution expenses	—		—			—			—			—			—		—			—		—			—			—			—
Interest credited to fixed accounts	—		—			—			—			—			—		—			—		—			—			—			—
Benefits, claims, losses and settlement expenses	—		—			—			52			(4		)	—		—			—		—			—			—			48
Amortization of deferred acquisition costs	—		—			—			(53		)	(22		)	—		(1		)	—		—			—			—			(76		)
Interest and debt expense	—		—			—			—			—			—		—			—		—			13			—			13
General and administrative expense	—		21			7			—			—			—		—			—		10			—			4			42
Total expenses	—		21			7			(1		)	(26		)	—		(1		)	—		10			13			4			27
Pretax segment income (loss)	5		(21		)	(7		)	1			26			7		1			2		(10		)	(13		)	(4		)	(13		)
Less: Net loss attributable to noncontrolling interest	—		—			—			—			—			—		—			—		—			—			—			—
Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest	$	5	$	(21	)	$	(7	)	$	1		$	26		$	7	$	1		$	2	$	(10	)	$	(13	)	$	(4	)	$	(13	)

(1)   Pretax net realized investment gains/(losses) on Available-for-Sale securities and an increase in reserves on commercial mortgage loans

(2)   Non-recurring integration charges related to J. & W. Seligman & Co., H&R Block Financial Advisors and Columbia Management acquisitions

(3)   Variable annuity guarantee impacts include:

$ 66 million net expense related to hedged variable annuity living benefits

$ 63 million decrease in DAC and DSIC amortization resulting from hedged living benefits offset

$ 4 million decrease in death and income benefit expenses due to higher equity market valuations

(4)   Decrease in DAC and DSIC amortization from higher period ending account values and from the impact of variable annuity living benefit costs, net of hedges

(5)   Expenses to support $1 Net Asset Value of RiverSource money market funds

(6)   Costs related to the early retirement of $450 million of the company’s notes due in 2010

39

Exhibit C

Statistical Supplement Package

(unaudited)

Fourth Quarter 2009

Prior Statistical Supplement Reconciliation Tables

40

Ameriprise Financial, Inc.

Reconciliation of Adjustments Affecting Historical Statistical Supplement Presentations

(in millions, unaudited)	December 31, 2008			March 31, 2009			June 30, 2009			September 30, 2009
Advice and Wealth Management Segment (1)
Net investment income
Net investment income - as previously reported	$	(119	)	$	54		$	85		$	95
Net investment income - current presentation	(123		)	51			82			91
Change	$	(4	)	$	(3	)	$	(3	)	$	(4	)
Distribution expenses
Distribution expenses - as previously reported	$	450		$	461		$	471		$	508
Distribution expenses - current presentation	457			462			478			504
Change	$	7		$	1		$	7		$	(4	)
General and administrative expense
General and administrative expense - as previously reported	$	319		$	329		$	320		$	316
General and administrative expense - current presentation	308			325			310			316
Change	$	(11	)	$	(4	)	$	(10	)	$	—

(1) Reclass the provision for loan losses on bank loans and Experienced Advisor Recruit loans from general and administrative expense to net investment income and distribution expenses, respectively.

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