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)           April 26, 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):

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

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

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

oPre-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 April 26, 2010, Ameriprise Financial, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter of 2010.  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 March 31, 2010.

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 the impact of consolidating certain investment entities (“CIE”), as well as certain integration charges and realized gains (losses). Our non-GAAP financial measures, which our management views as important indicators of financial performance, include the following: operating net revenues; operating earnings; net realized gains (losses), after-tax; integration charges, after-tax; pretax income excluding CIE margin; net income excluding CIE margin; pretax segment income (loss) excluding integration charges; pretax segment income (loss) margin excluding integration charges; return on allocated equity; and return on allocated equity excluding integration charges. Management believes that the presentation of these non-GAAP financial measures best reflects the underlying performance of our 2010 and 2009 operations and facilitates a more meaningful trend analysis. These non-GAAP measures are used to evaluate our performance on a basis comparable to that used by securities analysts and are considered by management in setting goals and in determining certain compensation related to our annual incentive award program.

We also present in Exhibits 99.1 and 99.2 certain non-GAAP debt, capital and shareholders’ equity measures, along with financial ratios incorporating such measures, that exclude amounts related to one or more of the following: accumulated other comprehensive income, the impact of consolidating the assets of certain CIEs, property funds and hedge funds, and the recognition of an equity credit on our junior subordinated notes issued on May 26, 2006, which receive at least a 75% equity credit by the majority of the rating agencies.  Management believes that the debt, capital and shareholders’ equity measures, and the corresponding ratios, better represent our capital structure.

Item 9.01      Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.	Description
Exhibit 99.1	Press Release dated April 26, 2010 announcing financial results for the first quarter of 2010
Exhibit 99.2	Statistical Supplement for the quarterly period ended March 31, 2010

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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: April 26, 2010	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
First Quarter 2010 Results

First quarter 2010 net income attributable to Ameriprise Financial
increased 65 percent to $214 million, or $0.81 per diluted share, up 40 percent

First quarter 2010 operating earnings increased 62 percent to $215 million,
or $0.81 per diluted share, up 35 percent

Raised quarterly dividend to $0.18, up $0.01 from the prior quarter

Ameriprise Financial, Inc.
First Quarter Results

							Per Diluted Share
(in millions, except per share amounts, unaudited)	2010		2009		% Change		2010		2009		% Change
GAAP
Net revenues	$	2,271	$	1,716	32	%
Net income attributable to Ameriprise Financial	$	214	$	130	65	%	$	0.81	$	0.58	40	%
Operating
Net revenues	$	2,139	$	1,713	25	%
Earnings	$	215	$	133	62	%	$	0.81	$	0.60	35	%
Weighted average common shares outstanding:
Basic	260.8		222.3
Diluted	265.0		223.5

See reconciliation tables included in this release.

MINNEAPOLIS — April 26, 2010 — Ameriprise Financial, Inc. (NYSE: AMP) today reported net income attributable to Ameriprise Financial of $214 million for the first quarter of 2010 compared to $130 million for the first quarter of 2009. Net income per diluted share for the first quarter of 2010 was $0.81 compared to $0.58 a year ago.

The company has introduced new operating financial measures to provide continued transparency of the underlying performance of the business. Operating measures exclude the impact of a new accounting standard that required the company to consolidate client assets in certain investment entities on the Ameriprise Financial balance sheet and income statement; as well as integration expenses and net realized gains/losses.

Operating earnings increased 62 percent to $215 million in the first quarter of 2010 compared to $133 million a year ago. Operating earnings per diluted share were $0.81 in the first quarter of 2010, up 35 percent from $0.60 a year ago. The increase in operating earnings was driven by higher asset-based revenues, higher income from spread products and re-engineering benefits.

Operating net revenues were $2.1 billion in the first quarter of 2010, up 25 percent from a year ago, driven by growth in management fees from market appreciation on assets and net inflows in wrap accounts and asset management, as well as increased net investment income from higher fixed annuity account balances and higher investment yields.

As of March 31, 2010, the company’s excess capital position was more than $2.5 billion, including approximately $1 billion for the company’s pending acquisition of Columbia Management’s long-term asset management business, which is expected to be completed on May 1, 2010. As of March 31, 2010, the company had $1.0 billion in net unrealized investment gains, reflecting the quality and diversity of its investment portfolio. Book value per share, excluding accumulated other comprehensive income (AOCI) and the equity impact of the required consolidation in certain investment entities, increased 5 percent from a year ago to $35.19.

Return on equity excluding AOCI was 9.3 percent for the 12 months ended March 31, 2010. Operating return on equity was 9.7 percent for the same period. Operating return on equity was negatively impacted by including the June 2009 share issuance in equity, the proceeds of which are being used for the Columbia Management acquisition while the related earnings will not be included in returns until the acquisition closes.

“We had a solid quarter aided by equity market appreciation and improved client activity,” said Jim Cracchiolo, chairman and chief executive officer. “We generated positive retail client asset flows, driven by particular strength in our mutual fund wrap business, and we had good new client acquisition growth. These improvements led to a 31 percent increase in client assets and continued progress in the profitability of our Advice & Wealth Management and Asset Management businesses.

“Despite lower absolute market levels and slower client activity compared with prior years, we generated our best first quarter earnings as a public company. The re-engineering and expense reductions we executed in 2009 have generated meaningful earnings leverage as conditions continue to improve. I am confident that our expense discipline, along with our strong balance sheet and capital, position us well for the current environment.

“We are on track to complete our acquisition of Columbia Management on May 1, 2010, and we’re focused on executing a seamless integration. We believe the combined asset manager will possess an exceptional depth of investment talent and product capability, and we feel good about our ability to generate solid returns from that business.”

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First Quarter 2010 Business Highlights

·The company had a strong quarter for new client acquisition, the highest level since second quarter 2008.

·The introduction of the company’s MORE WITHIN REACHSM brand platform in the quarter increased Ameriprise Financial brand awareness.

·Operating net revenue per financial advisor increased 25 percent compared to a year ago, primarily driven by the gradual improvement in client activity and market appreciation on assets.

·Total advisors declined 5 percent year-over-year to 11,837, primarily due to the continuing departure of low-producing advisors. Franchise advisor retention rates remain strong. The company continued to recruit experienced advisors, although at a slower rate than in 2009.

·Total owned, managed and administered assets were $463 billion at March 31, 2010, up 31 percent from a year ago, primarily due to market appreciation and strong wrap net inflows.

·Total managed assets reached $332 billion, an increase of 31 percent from a year ago, driven by market appreciation and solid asset flows.

·First quarter 2010 wrap net inflows were $2.5 billion, up 93 percent from a year ago. Net inflows and market appreciation increased total wrap assets to approximately $100 billion at March 31, 2010, an all-time high.

·Total domestic asset management net outflows were $0.9 billion in the quarter as a result of $1.1 billion in retail net outflows. Hedge fund net inflows remained strong, and institutional net inflows of $0.1 billion included negative synergies of $0.6 billion in expected outflows from the Columbia Management acquisition, offset by new institutional mandates.

·Total international asset management retail net inflows of $1.3 billion in the quarter were largely offset by $1.3 billion in institutional net outflows, driven by $1.5 billion in Zurich-related net outflows. Threadneedle continues to shift AUM toward higher fee asset classes.

·Variable annuity ending balances increased 37 percent to $57 billion at quarter end driven by market appreciation on assets. Slower sales in the quarter resulted in net inflows of $98 million. Fixed annuity balances were $14.6 billion, up 6 percent from a year ago reflecting strong sales growth in the first two quarters of 2009. Fixed annuity net outflows of $166 million in the first quarter of 2010 were primarily due to the company’s decision to lower crediting rates on new contracts, which lowered sales.

·Variable universal life / universal life (VUL/UL) ending policyholder account balances were up 23 percent to $9 billion compared to a year ago. VUL/UL sales were $54 million in the quarter, up 64 percent from a year ago with increases in both variable and universal life insurance.

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

·The company expects to complete the acquisition of Columbia Management’s long-term asset management business on May 1, 2010. Operational and financial expectations are on track.

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Liquidity and Balance Sheet as of March 31, 2010

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

Conservative capital management

·On April 26, 2010, the Ameriprise Financial Board of Directors increased the regular quarterly dividend per common share to $0.18 per share, a $0.01 increase compared to the prior quarter’s cash dividend. The dividend will be payable on May 21, 2010 to shareholders of record at the close of business on May 7, 2010.

·The company’s excess capital position was more than $2.5 billion, which included approximately $1 billion for the Columbia Management acquisition.

·At the end of the first quarter of 2010, RiverSource Life’s estimated risk-based capital ratio remained well in excess of 400 percent.

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

Substantial liquidity

·Cash and cash equivalents were $4.8 billion, with $2.5 billion at the holding company level and $4.3 billion in free cash.

·Holding company cash increased sequentially, primarily as a result of the company’s $750 million debt issuance during the quarter, as well as the $425 million dividend received from RiverSource Life.

·RiverSource Life increased cash by approximately $600 million in preparation to implement an enhanced variable annuity asset allocation program designed to help the company manage variable annuity subaccounts more efficiently and effectively. The implementation will require a portion of fixed account assets to move from the general account to separate accounts.

High-quality investment portfolio

·The $31 billion available-for-sale portfolio remained well diversified and high-quality.

·The investment portfolio remained in a net unrealized gain position, with $1.0 billion in net unrealized gains.

·During the quarter, the company recorded realized gains as it prepared to introduce an enhanced variable annuity asset allocation program. These gains were offset by realized losses as the company repositioned and strengthened its investment portfolio.

·The total investment portfolio, including cash and cash equivalents, was $40.6 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 attributable to Ameriprise Financial was 20.5 percent. The debt-to-total capital ratio was 19.3 percent excluding non-recourse debt, the impact of consolidated investment entities and the 75 percent equity credit for the hybrid securities.

·The company issued $750 million of 10-year senior notes during the quarter. A portion of those proceeds will be used to retire $340 million of debt maturing in November 2010.

Taxes

The effective tax rate on net income including net income (loss) attributable to noncontrolling interests was 17.9 percent for the first quarter of 2010. The effective tax rate on net income excluding net income (loss) attributable to noncontrolling interests and the required consolidation in certain investment entities was 23.2 percent in the first quarter of 2010.

The company reduced its expected full-year operating tax rate from approximately 28 to 30 percent to approximately 25 to 27 percent based on expected benefits from tax planning. The company expects to record a large portion of these tax planning benefits in the first and second quarters of 2010.

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Summary

Ameriprise Financial, Inc.
First Quarter Summary

(in millions, except per share amounts,					%		Per Diluted Share				%
unaudited)	2010		2009		Change		2010		2009		Change
Net income attributable to Ameriprise Financial	$	214	$	130	65	%	$	0.81	$	0.58	40	%
Add: Integration charges, after-tax(1)	4		12		(67	)	0.01		0.05		(80	)
Less: Net realized gains, after-tax(1)	3		9		(67	)	0.01		0.03		(67	)
Operating earnings	$	215	$	133	62	%	$	0.81	$	0.60	35	%
Weighted average common shares outstanding:
Basic	260.8		222.3
Diluted	265.0		223.5

(1) After-tax is calculated using the statutory tax rate of 35%.

During the first quarter of 2010, the company adopted a new accounting standard that required the consolidation of approximately $6 billion of client assets in certain investment entities on its balance sheet with the related income reported through its income statement. As noted previously, the company believes that operating results, which exclude the impact of the consolidation, as well as integration expenses and net realized gains/losses, improve transparency of the underlying performance of the business.

In addition, first quarter 2010 operating results included the following after-tax impacts:

·$18 million, or $0.07 per share, expense related to recognizing a substantial increase in Threadneedle’s estimated market valuation attributable to its incentive compensation program compared to the 2009 market valuation. The charge reflects a valuation that increased more than 100 percent from the prior year and is higher than the year-end 2007 estimated valuation.

·$14 million, or $0.05 per share, benefit from payments related to the Reserve Funds matter.

·$3 million, or $0.01 per share, impact from the decline in net investment income from raising cash in the quarter in preparation for the introduction of an enhanced variable annuity asset allocation program.

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Ameriprise Financial, Inc.

Advice & Wealth Management Segment Results

	Quarter Ended March 31, 2010							Quarter Ended March 31, 2009
(in millions, unaudited)	GAAP Earnings		Less: Adjustments(1)			Operating Earnings		GAAP Earnings			Less: Adjustments(1)			Operating Earnings
Advice & Wealth Management
Net revenues	$	879	$	(1	)	$	880	$	726		$	(10	)	$	736
Expenses	828		2			826		787			12			775
Pretax income (loss)	$	51	$	(3	)	$	54	$	(61	)	$	(22	)	$	(39	)
Disclosed items included in operating earnings(2)
Reserve Funds recovery						$	2

(1)	Includes net realized losses and integration charges.
(2)	Positive disclosed items increased operating earnings; negative disclosed items decreased operating earnings.

Advice & Wealth Management reported pretax income of $51 million for the first quarter of 2010 compared to a pretax loss of $61 million a year ago. Segment operating earnings were $54 million compared to a $39 million loss a year ago. Pretax operating margin for the first quarter of 2010 was 6.1 percent.

Operating net revenues increased 20 percent, or $144 million, to $880 million. Wrap account assets increased to $100 billion, an all-time high driven by market appreciation and continued strong net inflows. While brokerage cash balances remain high, at $13 billion, cash spreads increased slightly to 53 basis points. These positives were partially offset by slow sales of annuities compared to a year ago.

Operating expenses increased 7 percent primarily as a result of higher distribution expenses. Segment operating general and administrative expenses declined 7 percent driven by expense controls partially offset by the introduction of a new advertising campaign and increased investment in the business, primarily the continued roll-out of an enhanced brokerage platform.

The company had a strong quarter for new client acquisition. Net retail inflows combined with market appreciation drove total retail client assets up 31 percent to $304 billion. The company continued to recruit experienced advisors, although at a slower rate than in 2009.

Ameriprise Financial, Inc.

Asset Management Segment Results

	Quarter Ended March 31, 2010								Quarter Ended March 31, 2009
(in millions, unaudited)	GAAP Earnings		Less: Adjustments(1)			Operating Earnings			GAAP Earnings			Less: Adjustments(1)			Operating Earnings
Asset Management
Net revenues	$	370	$	1		$	369		$	260		$	(3	)	$	263
Expenses	352		5			347			268			7			261
Pretax income (loss)	$	18	$	(4	)	$	22		$	(8	)	$	(10	)	$	2
Disclosed items included in operating earnings(2)
Threadneedle valuation adjustment						$	(27	)							$	10

(1)	Includes net realized gains (losses) and integration charges.
(2)	Positive disclosed items increased operating earnings; negative disclosed items decreased operating earnings.

Asset Management reported pretax income of $18 million for the quarter compared to an $8 million loss a year ago. Segment operating earnings were $22 million and included a $27 million negative impact related to recognizing the more than 100 percent year-over-year increase in Threadneedle’s estimated market value attributable to its incentive compensation program. The company uses this annual valuation to mark-to-market all current and historical reserves for the program. Asset Management pretax operating margin for the first quarter of 2010 was 6.0 percent or 13.3 percent when excluding the Threadneedle valuation change.

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Operating net revenues increased 40 percent, or $106 million, to $369 million, driven by higher management fees due to market appreciation on assets and net inflows in prior quarters. Excluding the impact of the Threadneedle valuation increase, segment operating general and administrative expenses increased 14 percent, primarily due to year-over-year timing differences in investment performance compensation accruals.

RiverSource Investments continued to improve equity investment performance and reported more than half of equity and fixed income assets above Lipper peer group medians for 1-, 3- and 5-year time periods, as of March 31, 2010. Threadneedle continues to maintain strong longer-term track records in both equity and fixed income portfolios.

Total managed assets were $246 billion, up 29 percent compared to a year ago. Domestic asset management experienced solid net inflows in hedge funds and positive institutional net inflows. Domestic institutional net inflows included $0.6 billion in outflows reflecting expected negative synergies from the Columbia Management acquisition, offset by solid growth in institutional mandates. Domestic asset management also experienced $1.1 billion in retail net outflows, which included the negative impact of lower year-over-year flows into variable products. Threadneedle continued to shift toward higher yielding asset classes.  International retail net inflows continued to be strong at $1.3 billion, while institutional net outflows of $1.3 billion were driven by Zurich-related net outflows.

Ameriprise Financial, Inc.

Annuities Segment Results

	Quarter Ended March 31, 2010							Quarter Ended March 31, 2009
(in millions, unaudited)	GAAP Earnings		Less: Adjustments(1)		Operating Earnings			GAAP Earnings		Less: Adjustments(1)		Operating Earnings
Annuities
Net revenues	$	602	$	3	$	599		$	492	$	20	$	472
Expenses	482		—		482			363		—		363
Pretax income	$	120	$	3	$	117		$	129	$	20	$	109
Disclosed items included in operating earnings(2)
Decline in net investment income					$	(5	)

(1)	Includes net realized gains.
(2)	Positive disclosed items increased operating earnings; negative disclosed items decreased operating earnings.

Annuities segment operating earnings increased 7 percent to $117 million compared to a year ago. Market volatility materially impacted DAC amortization expense, benefits expense and pretax operating earnings in the first quarter of 2009, making comparisons to the year-ago period less meaningful.

In the first quarter of 2010, the company took action related to the introduction of an enhanced variable annuity asset allocation program, increasing liquidity in general account assets in preparation to move those assets to separate accounts. This negatively impacted net investment income by $5 million. In addition, net investment income was negatively impacted in the quarter by lower commercial mortgage loan fees and the absence of consent fees and call premiums.

The mark-to-market impact of variable annuity living benefits increased benefits expense by $24 million in the first quarter of 2010, primarily driven by model changes, FAS 157 valuation impacts and basis risk. The enhanced variable annuity asset allocation program the company will introduce in 2010 is designed to improve the mitigation of basis risk.

While variable annuity inflows were low at $98 million in the quarter, variable annuity exit rates improved over 150 basis points from the prior-year period. Fixed annuities net outflows of $166 million in the first quarter of 2010 were primarily due to lower sales from the company’s decision to lower crediting rates on new contracts. Fixed annuity redemption rates also improved materially from the prior-year period.

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Ameriprise Financial, Inc.

Protection Segment Results

	Quarter Ended March 31, 2010						Quarter Ended March 31, 2009
(in millions, unaudited)	GAAP Earnings		Less: Adjustments(1)		Operating Earnings		GAAP Earnings		Less: Adjustments(1)		Operating Earnings
Protection
Net revenues	$	507	$	1	$	506	$	496	$	8	$	488
Expenses	388		—		388		384		—		384
Pretax income	$	119	$	1	$	118	$	112	$	8	$	104

(1)Includes net realized gains.

Protection reported pretax income of $119 million for the first quarter of 2010 compared to pretax income of $112 million a year ago. Segment operating earnings were $118 million, up 13 percent compared to $104 million a year ago.

Operating revenues increased 4 percent, or $18 million, to $506 million, compared to a year ago, primarily driven by auto and home premium growth, as well as increased net investment income due to higher investment yields and increased general account assets.

Operating expenses increased slightly to $388 million from $384 million a year ago, as higher benefit expenses were partially offset by lower DAC amortization. The increase in benefits expenses was primarily driven by weather-related auto and home claims, offset by favorable life and disability income insurance claims. The decline in DAC amortization expenses was primarily the result of the unfavorable market impact a year ago.

VUL / UL account balances were up 23 percent year-over-year to $9 billion, primarily driven by equity market appreciation on VUL balances. VUL / UL sales of $54 million increased 64 percent from a year ago. Auto and home policy counts grew at a steady pace, up 9 percent from the prior-year period.

Ameriprise Financial, Inc.

Corporate & Other Segment Results

	Quarter Ended March 31, 2010							Quarter Ended March 31, 2009
(in millions, unaudited)	GAAP Earnings		Less: Adjustments(1)		Operating Earnings			GAAP Earnings			Less: Adjustments(1)			Operating Earnings
Corporate & Other
Net revenues	$	157	$	137	$	20		$	17		$	(12	)	$	29
Expenses	104		54		50			55			2			53
Pretax income (loss)	$	53	$	83	$	(30	)	$	(38	)	$	(14	)	$	(24	)
Disclosed items included in operating earnings(2)
Gain on hybrid repurchase														$	50
Benefit from Reserve Funds					$	20

(1)    Includes the revenues and expenses of the consolidated investment entities and net realized gains.

(2)    Positive disclosed items increased operating earnings; negative of disclosed items decreased operating earnings.

Corporate & Other reported pretax income of $53 million for the quarter of 2010 compared to a $38 million pretax loss in the prior-year period. Pretax income included $82 million attributable to noncontrolling interests and $1 million in realized gains compared to a $14 million loss attributable to noncontrolling interests in the prior-year period. Segment pretax operating loss was $30 million in the first quarter compared to a pretax loss of $24 million in the prior-year period.

Operating earnings in the first quarter of 2009 included a $50 million benefit from repurchasing the company’s hybrid securities at a discount. In the first quarter of 2010, operating earnings included a $20 million benefit from payments related to the Reserve Funds matter.

Operating interest and debt expense was down $2 million year-over-year. On March 11, 2010, the company issued $750 million in 10-year notes with a 5.3 percent coupon. In addition, the company swapped $1.375 billion of debt from fixed to floating, consistent with its asset-liability matching strategy.

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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.

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 approximately $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 on May 1, 2010 and that related operational and financial expectations are on track;

·the statement of belief in this news release regarding the capabilities of the combined asset management business;

·the statement of belief in this news release that the company will continue to use enterprise risk management capabilities and product hedging to anticipate and mitigate risk;

·the statements in this news release regarding the expected implementation of an enhanced variable annuity asset allocation program designed to improve the mitigation of basis risk;

·the statement of belief in this news release that a portion of the proceeds from the company’s issuance of $750 million of 10-year senior notes will be used to retire $340 million in debt maturing in November 2010;

·the statement of belief in this news release that the company expects its 2010 full-year effective tax rate will be approximately 25 to 27 percent;

·the statement of belief in this news release that a large portion of tax planning benefits expected for 2010 will be recorded during the first and second quarters;

·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.

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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 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, 2009 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 Quarterly Report on Form 10-Q for the quarter ended March 31, 2010. For information about Ameriprise Financial entities, please refer to the First Quarter 2010

10

Statistical Supplement available at ir.ameriprise.com and the tables that follow in this news release.

Ameriprise Financial, Inc.

Reconciliation Table: GAAP Income Statement to Operating Income Statement

	Quarter Ended March 31, 2010							Quarter Ended March 31, 2009								Operating
(in millions, unaudited)	GAAP Earnings		Less: Adjustments(1)			Operating Earnings		GAAP Earnings			Less: Adjustments(1)			Operating Earnings		Earnings% Change
Revenues
Management and financial advice fees	$	774	$	(9	)	$	783	$	554		$	—		$	554	41	%
Distribution fees	391		—			391		311			—			311		26
Net investment income	590		84			506		418			16			402		26
Premiums	282		—			282		266			—			266		6
Other revenues	255		57			198		209			(12		)	221		(10	)
Total revenues	2,292		132			2,160		1,758			4			1,754		23
Banking and deposit interest expense	21		—			21		42			1			41		(49	)
Total net revenues	2,271		132			2,139		1,716			3			1,713		25
Expenses
Distribution expenses	525		—			525		384			—			384		37
Interest credited to fixed accounts	228		—			228		205			—			205		11
Benefits, claims, losses and settlement expenses	354		—			354		100			—			100		NM
Amortization of deferred acquisition costs	118		—			118		286			—			286		(59	)
Interest and debt expense	64		40			24		26			—			26		(8	)
General and administrative expense	621		12			609		581			21			560		9
Total expenses	1,910		52			1,858		1,582			21			1,561		19
Pretax income	361		80			281		134			(18		)	152		85
Income tax provision	65		(1		)	66		18			(1		)	19		NM
Net income	296		81			215		116			(17		)	133		62
Less: Net income (loss) attributable to noncontrolling interests	82		82			—		(14		)	(14		)	—		—
Net income attributable to Ameriprise Financial	$	214	$	(1	)	$	215	$	130		$	(3	)	$	133	62

NM	Not Meaningful
(1)	Includes the elimination of management fees earned by the company from the consolidated investment entities and the related expense, the revenues and expenses of the consolidated investment entities, net realized gains/losses and integration charges.

11

Ameriprise Financial, Inc.

Additional GAAP to Operating Reconciliations

	Quarter Ended March 31, 2010						Quarter Ended March 31, 2009
(in millions, unaudited)	GAAP Expenses		Less: Adjustments(1)(2)		Operating Expenses		GAAP Expenses		Less: Adjustments(1)		Operating Expenses
Advice & Wealth Management General and administrative expense	$	292	$	2	$	290	$	325	$	12	$	313
Asset Management General and administrative expense	$	240	$	5	$	235	$	180	$	7	$	173
Corporate and Other Interest and debt expense(2)	$	64	$	40	$	24	$	26	$	—	$	26

(1)    Includes integration charges.

(2)    Includes the expenses of the consolidated investment entities.

Ameriprise Financial, Inc.

Reconciliation Table: Effective Tax Rate

(in millions, unaudited)	Quarter Ended March 31, 2010
Pretax income	$	361
Less: Pretax income attributable to noncontrolling interests	82
Pretax income excluding CIEs	$	279
Income tax provision	$	65
Effective tax rate	17.9		%
Effective tax rate excluding noncontrolling interests	23.2		%

Ameriprise Financial, Inc.

Reconciliation Table: Ameriprise Financial Debt to Ameriprise Financial Capital Ratio

March 31, 2010

(in millions, unaudited)	GAAP Measure			Non-recourse Debt and Equity of Consolidated Investment Entities(1)		GAAP Measure Excluding Non-recourse Debt and Equity of Consolidated Investment Entities			Impact of 75% Equity Credit(2)		GAAP Measure ExcludingNon-recourse Debt and Equity of Consolidated Investment Entities with 75% Equity Credit(1)(2)
Ameriprise Financial Debt	$	2,612		$	6	$	2,606		$	242	$	2,364
Ameriprise Financial Capital	$	12,720		$	488	$	12,232				$	12,232
Ameriprise Financial Debt to Ameriprise Financial Capital	20.5		%			21.3		%			19.3		%

(1)Includes non-recourse debt of muni inverse floaters and equity impacts attributable to consolidated investment entities.

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

12

Ameriprise Financial, Inc.

Return on Equity (ROE) Excluding Accumulated Other Comprehensive Income  (AOCI)
Calculation for the 12 Months Ended March 31, 2010

(in millions, unaudited)	ROE excluding AOCI			Less: Adjustments(1)			Operating ROE(2)
Return	$	806		$	(28	)	$	834
Equity excluding AOCI	$	8,708		$	101		$	8,607
Return on Equity excluding AOCI	9.3		%				9.7		%

Ameriprise Financial, Inc.

Return on Equity (ROE) Excluding Accumulated Other Comprehensive Income  (AOCI)
Calculation for the 12 Months Ended March 31, 2009

(in millions, unaudited)	ROE excluding AOCI			Less: Adjustments(1)			Operating ROE(2)
Return	$	(99	)	$	(505	)	$	406
Equity excluding AOCI	$	7,637		$	—		$	7,637
Return on Equity excluding AOCI	(1.3		)%				5.3		%

(1)

Adjustments reflect the trailing twelve months’ sum of after-tax net realized gains/losses and integration charges less the equity impacts attributable to the consolidated investment entities.

(2)

Operating return on equity excluding accumulated other comprehensive loss and consolidated investment entities is calculated using the trailing twelve months of earnings excluding the after-tax net realized gains/losses and integration charges in the numerator, and Ameriprise Financial shareholders’ equity excluding the impact of consolidated investment entities using a five point average of quarter-end equity in the denominator.

Ameriprise Financial, Inc.
Reconciliation Table: Book Value

(in millions, except per share amounts, unaudited)	March 31, 2010		March 31, 2009		%Change
Total Ameriprise Financial shareholders’ equity	$	10,108	$	6,384	58	%
Less: Accumulated other comprehensive income (AOCI)	365		—		NM
Add: Accumulated other comprehensive loss	—		1,134		NM
Less: Appropriated retained earnings of CIEs	508		—		NM
Total Ameriprise Financial shareholders’ equity excluding AOCI and CIEs	$	9,235	$	7,518	23
Basic common shares outstanding	262.4		223.7		NM
Book value per share	$	38.52	$	28.54	35
Book value per share excluding AOCI and CIEs	$	35.19	$	33.61	5	%

NM   Not Meaningful

13

EX-99.2

Exhibit 99.2

Statistical Supplement Package

(unaudited)

First Quarter 2010

1

Ameriprise Financial, Inc.

Statistical Supplement Information

Table of Contents

	Page
Ameriprise Financial, Inc.
Statistical Supplement Presentation	4
Consolidated GAAP Income Statements	6
Consolidated Investment Entities Income Statements	7
Consolidated GAAP Income Statements Excluding Consolidated Investment Entities	8
Highlights	10
Common Share, Per Share and Capital Summary	11
Segment Summary	12
Advice & Wealth Management Segment
Segment Income Statements	15
Segment Metrics	16
Asset Management Segment
Segment Income Statements	18
Segment Metrics	19
Domestic Asset Management Products	20
International Asset Management Products	21
Mutual Fund Performance	22
Annuities Segment
Segment Income Statements	24
Segment Metrics	25
Protection Segment
Segment Income Statements	27
Segment Metrics	28
Corporate & Other Segment
Segment Income Statements	30
Impact of Consolidated Investment Entities	31
Segment Income Statements Excluding Consolidated Investment Entities	32
Eliminations
Income Statements	33
Balance Sheet and Ratings Information
Consolidated Balance Sheets	35
Capital and Ratings Information	36
Investments	37
Non-GAAP Financial Information	38
Glossary of Selected Terminology
Glossary of Selected Terminology - Segments	39
Glossary of Selected Terminology	40
Exhibit A
Disclosed Items	42
Exhibit B
GAAP Excluding Consolidated Investment Entities Reconciliation Tables	45

2

Statistical Supplement Package

(unaudited)

First Quarter 2010

Consolidated Results

3

Ameriprise Financial, Inc.

Statistical Supplement Presentation

First Quarter 2010

Ameriprise Financial, Inc. (“Ameriprise Financial” or “the Company”) has revised the presentation in this statistical supplement to improve the transparency of its business results. In June 2009, the Financial Accounting Standards Board updated the accounting standards related to the required consolidation of certain variable interest entities (“VIEs”). The Company adopted the accounting standard effective January 1, 2010 and recorded a cumulative change in accounting principle resulting in an increase to appropriated retained earnings of consolidated investment entities of $473 million and consolidation of approximately $5.5 billion of client assets and $5.1 billion of liabilities in VIEs onto its balance sheet that were not previously consolidated. Management views the VIE assets as client assets and the liabilities have recourse only to those assets. While the economics of this business have not changed, both the Ameriprise Financial income statement and balance sheet were impacted.  Prior to adoption, the Company consolidated certain property funds and hedge funds (formerly Consolidated Managed Funds). These entities and the VIEs consolidated as of January 1, 2010, are defined as Consolidated Investment Entities (“CIEs”).  The net income of the CIEs will be reflected in net income attributable to noncontrolling interests.

Management believes it is important to present the consolidated income statements excluding the CIEs to improve transparency into the underlying performance and economics of the Company’s ongoing operations. The CIEs we manage have the following characteristics:

·They were formed on behalf of institutional investors to obtain a diversified investment portfolio and were not formed in order to obtain financing for Ameriprise Financial.

·Ameriprise Financial receives customary, industry standard management fees for the services it provides to these CIEs and has a fiduciary responsibility to maximize the investors’ returns.

·Ameriprise Financial does not have any obligation to provide financial support to the CIEs, does not provide any performance guarantees of the CIEs and has no obligation to absorb the investors’ losses.

·Management excludes the impact of consolidating the CIEs on assets, liabilities, pretax income and equity for setting the Company’s financial performance targets and annual incentive award compensation targets.

The table below presents selected balances and metrics for the three months ended March 31, 2010 that identify the impacts from the consolidation of the CIEs.

					Net Income
	Net		Pretax		Attributable to		Earnings per		Return on Equity
(in millions unless otherwise noted, unaudited)	Revenues		Income		Ameriprise Financial		Diluted Share		Excluding AOCI (2)
As Reported on a GAAP Basis	$	2,271	$	361	$	214	$	0.81	9.3	%
GAAP Basis Excluding CIEs (1)	$	2,144	$	279	$	214	$	0.81	9.7	%
Impact of the CIEs	$	127	$	82	$	—	$	—	(0.4	)%

Page 6 of the statistical supplement presents the consolidated GAAP income statements, equity and related metrics, page 7 presents the CIEs’ impact to the income statements, equity and related metrics and page 8 presents the consolidated GAAP income statements and equity excluding CIEs and related metrics.

(1)See non-GAAP financial information on pages 38, and 45 - 49.

(2)Return on equity is calculated using the trailing twelve months income in the numerator and shareholders’ equity less accumulated other comprehensive income, calculated using a five point average of quarter-end equity in the denominator.

4

Ameriprise Financial, Inc.

Statistical Supplement Presentation

First Quarter 2010

On a GAAP basis, the consolidated income statement reflects the impact of the required consolidation of certain VIEs.  This impact is recorded in the Corporate & Other segment, along with the income statement impacts of certain property funds and hedge funds.  Prior to adoption of the new accounting standard, the income statement impacts from the certain property funds and hedge funds were reflected in the Asset Management segment.  Upon adoption of the new accounting standard, we reclassified this activity to the Corporate & Other segment for all periods presented.  The impacts from the new accounting standard together with the impacts from certain property funds and hedge funds are collectively referred to as the impact of the CIEs.

On a GAAP consolidated basis, management fees the Company earns for the services it provides to the CIEs and related general and administrative expenses are eliminated and the changes in the assets and liabilities related to the CIEs, primarily debt and underlying bank loans, are reflected in net investment income.  In the consolidated income statements excluding the CIEs and in the Asset Management segment, the Company continues to show the fees in the management and financial advice fees line and eliminates the impact of changes in the CIEs’ assets and liabilities.

Management believes the exclusion of the impacts from consolidation of the CIEs, integration charges and realized gains/(losses) improves transparency into the underlying performance of the business.  Throughout this presentation, these measures are referred to as operating measures.

	Three Months ended March 31, 2010
	Advice & Wealth		Asset									Corporate
(in millions unless otherwise noted, unaudited)	Management		Management			Annuities			Protection			& Other			Consolidated
GAAP pretax income	$	51	$	18		$	120		$	119		$	53		$	361
Impact of the CIEs	—		—			—			—			82			82
GAAP pretax income (loss) excluding CIEs (1)	51		18			120			119			(29		)	279
Integration charges	2		5			—			—			—			7
Realized (gains) losses	1		(1		)	(3		)	(1		)	(1		)	(5		)
Operating pretax income (loss) (1)	$	54	$	22		$	117		$	118		$	(30	)	281
Income tax provision (2)															66
Operating earnings (1)															$	215

(1)See non-GAAP financial information on pages 38, and 45 - 49.

(2)Actual income tax provision plus the tax effect of the integration charges and realized gains (losses) calculated at the statutory tax rate of 35%

5

Ameriprise Financial, Inc.

Consolidated GAAP Income Statements

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	554		$	606		$	689		$	855		$	774		$	554		$	774		$	220		40	%	$	220		40	%	$	(81	)	(9	)%
Distribution fees	311			351			367			391			391			311			391			80			26	%	80			26	%	—			—
Net investment income	418			511			538			535			590			418			590			172			41	%	172			41	%	55			10	%
Premiums	266			269			276			287			282			266			282			16			6	%	16			6	%	(5		)	(2	)%
Other revenues	209			175			109			229			255			209			255			46			22	%	46			22	%	26			11	%
Total revenues	1,758			1,912			1,979			2,297			2,292			1,758			2,292			534			30	%	534			30	%	(5		)	—
Banking and deposit interest expense	42			38			33			28			21			42			21			(21		)	(50	)%	(21		)	(50	)%	(7		)	(25	)%
Total net revenues	1,716			1,874			1,946			2,269			2,271			1,716			2,271			555			32	%	555			32	%	2			—
Expenses
Distribution expenses	384			432			462			504			525			384			525			141			37	%	141			37	%	21			4	%
Interest credited to fixed accounts	205			237			232			229			228			205			228			23			11	%	23			11	%	(1		)	—
Benefits, claims, losses and settlement expenses	100			587			306			349			354			100			354			254				#	254				#	5			1	%
Amortization of deferred acquisition costs	286			(125		)	(64		)	120			118			286			118			(168		)	(59	)%	(168		)	(59	)%	(2		)	(2	)%
Interest and debt expense	26			28			45			28			64			26			64			38				#	38				#	36				#
General and administrative expense	581			600			625			708			621			581			621			40			7	%	40			7	%	(87		)	(12	)%
Total expenses	1,582			1,759			1,606			1,938			1,910			1,582			1,910			328			21	%	328			21	%	(28		)	(1	)%
Pretax income	134			115			340			331			361			134			361			227				#	227				#	30			9	%
Income tax provision	18			28			80			57			65			18			65			47				#	47				#	8			14	%
Net income	116			87			260			274			296			116			296			180				#	180				#	22			8	%
Less: Net income (loss) attributable to noncontrolling interests	(14		)	(8		)	—			37			82			(14		)	82			96				#	96				#	45				#
Net income attributable to Ameriprise Financial	$	130		$	95		$	260		$	237		$	214		$	130		$	214		$	84		65	%	$	84		65	%	$	(23	)	(10	)%
Earnings Per Share
Basic earnings per share	$	0.58		$	0.41		$	1.00		$	0.92		$	0.82		$	0.58		$	0.82		$	0.24		41	%	$	0.24		41	%	$	(0.10	)	(11	)%
Earnings per diluted share	$	0.58		$	0.41		$	1.00		$	0.90		$	0.81		$	0.58		$	0.81		$	0.23		40	%	$	0.23		40	%	$	(0.09	)	(10	)%
GAAP Metrics
Net revenue growth	(13.8		)%	(4.6		)%	19.7		%	70.0		%	32.3		%	(13.8		)%	32.3		%	46.1		%			46.1		%			(37.7		)%
Return on equity excluding AOCI (1)	(1.3		)%	(2.8		)%	1.5		%	8.8		%	9.3		%	(1.3		)%	9.3		%	10.6		%			10.6		%			0.5		%
Earnings per diluted share growth	(29.3		)%	(55.9		)%	NM			NM			39.7		%	(29.3		)%	39.7		%	68.9		%			68.9		%			NM
Pretax income margin	7.8		%	6.1		%	17.5		%	14.6		%	15.9		%	7.8		%	15.9		%	8.1		%			8.1		%			1.3		%
Net income attributable to Ameriprise Financial margin	7.6		%	5.1		%	13.4		%	10.4		%	9.4		%	7.6		%	9.4		%	1.8		%			1.8		%			(1.0		)%
Effective tax rate	13.4		%	24.3		%	23.5		%	17.2		%	17.9		%	13.4		%	17.9		%	4.5		%			4.5		%			0.7		%
Ameriprise Financial’s shareholders’ equity	$	6,384		$	8,110		$	9,049		$	9,273		$	10,108		$	6,384		$	10,108		$	3,724		58	%	$	3,724		58	%	$	835		9	%
Ameriprise Financial’s shareholders’ equity excluding AOCI (1)	$	7,518		$	8,498		$	8,772		$	9,010		$	9,743		$	7,518		$	9,743		$	2,225		30	%	$	2,225		30	%	$	733		8	%
Ameriprise Financial’s shareholders’ equity excluding AOCI / outstanding shares (1)	$	33.61		$	32.79		$	33.89		$	34.80		$	37.13		$	33.61		$	37.13		$	3.52		10	%	$	3.52		10	%	$	2.33		7	%
Ameriprise Financial’s shareholders’ equity excluding AOCI - 5 point avg.	$	7,637		$	7,763		$	7,950		$	8,214		$	8,708		$	7,637		$	8,708		$	1,071		14	%	$	1,071		14	%	$	494		6	%

(1)  See non-GAAP financial information on pages 38, and 45 - 49.

# Variance of 100% or greater.

6

Ameriprise Financial, Inc.

Consolidated Investment Entities Income Statements

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	—		$	(1	)	$	—		$	(1	)	$	(9	)	$	—		$	(9	)	$	(9	)	—		$	(9	)	—		$	(8	)		#
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	1			1			(1		)	1			79			1			79			78				#	78				#	78				#
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	(12		)	(7		)	4			43			57			(12		)	57			69				#	69				#	14			33	%
Total revenues	(11		)	(7		)	3			43			127			(11		)	127			138				#	138				#	84				#
Banking and deposit interest expense	1			1			1			3			—			1			—			(1		)		#	(1		)		#	(3		)		#
Total net revenues	(12		)	(8		)	2			40			127			(12		)	127			139				#	139				#	87				#
Expenses
Distribution expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—			40			—			40			40			—		40			—		40			—
General and administrative expense	2			—			2			3			5			2			5			3				#	3				#	2			67	%
Total expenses	2			—			2			3			45			2			45			43				#	43				#	42				#
Pretax income (loss)	(14		)	(8		)	—			37			82			(14		)	82			96				#	96				#	45				#
Income tax provision	—			—			—			—			—			—			—			—			—		—			—		—			—
Net income (loss)	(14		)	(8		)	—			37			82			(14		)	82			96					96					45
Less: Net income (loss) attributable to noncontrolling interests	(14		)	(8		)	—			37			82			(14		)	82			96				#	96				#	45				#
Net income (loss) attributable to CIEs	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Earnings (Loss) Per Share - Consolidated Investment Entities
Basic earnings (loss) per share	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Earnings (loss) per diluted share	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Consolidated Investment Entities Metrics
Net revenue growth	(0.5		)%	(0.2		)%	1.2		%	6.6		%	8.2		%	(0.5		)%	8.2		%	8.7		%			8.7		%			1.6		%
Return on equity excluding AOCI (1)	(6.6		)%	(6.5		)%	(3.8		)%	(0.4		)%	(0.4		)%	(6.6		)%	(0.4		)%	6.2		%			6.2		%			(0.0		)%
Earnings per diluted share growth	—			—			NM			NM			—			—			—			—					—					NM
Pretax income (loss) margin	(0.8		)%	(0.4		)%	—			1.4		%	2.9		%	(0.8		)%	2.9		%	3.7		%			3.7		%			1.5		%
Net income (loss) attributable to CIEs margin	0.1		%	0.1		%	—			(0.2		)%	(0.6		)%	0.1		%	(0.6		)%	(0.7		)%			(0.7		)%			(0.4		)%
Shareholders’ equity	$	—		$	—		$	—		$	—		$	482		$	—		$	482		$	482		—		$	482		—		$	482		—
Shareholders’ equity excluding AOCI	$	—		$	—		$	—		$	—		$	508		$	—		$	508		$	508		—		$	508		—		$	508		—
Shareholders’ equity excluding AOCI / outstanding shares	$	—		$	—		$	—		$	—		$	1.94		$	—		$	1.94		$	1.94		—		$	1.94		—		$	1.94		—
Shareholders’ equity excluding AOCI - 5 point avg.	$	—		$	—		$	—		$	—		$	101		$	—		$	101		$	101		—		$	101		—		$	101		—

(1)  See non-GAAP financial information on pages 38, and 45 - 49.

# Variance of 100% or greater.

7

Ameriprise Financial, Inc.

Consolidated GAAP Income Statements Excluding Consolidated Investment Entities

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	554		$	607		$	689		$	856		$	783		$	554		$	783		$	229		41	%	$	229		41	%	$	(73	)	(9	)%
Distribution fees	311			351			367			391			391			311			391			80			26	%	80			26	%	—			0	%
Net investment income	417			510			539			534			511			417			511			94			23	%	94			23	%	(23		)	(4	)%
Premiums	266			269			276			287			282			266			282			16			6	%	16			6	%	(5		)	(2	)%
Other revenues	221			182			105			186			198			221			198			(23		)	(10	)%	(23		)	(10	)%	12			6	%
Total revenues	1,769			1,919			1,976			2,254			2,165			1,769			2,165			396			22	%	396			22	%	(89		)	(4	)%
Banking and deposit interest expense	41			37			32			25			21			41			21			(20		)	(49	)%	(20		)	(49	)%	(4		)	(16	)%
Total net revenues	1,728			1,882			1,944			2,229			2,144			1,728			2,144			416			24	%	416			24	%	(85		)	(4	)%
Expenses
Distribution expenses	384			432			462			504			525			384			525			141			37	%	141			37	%	21			4	%
Interest credited to fixed accounts	205			237			232			229			228			205			228			23			11	%	23			11	%	(1		)	0	%
Benefits, claims, losses and settlement expenses	100			587			306			349			354			100			354			254				#	254				#	5			1	%
Amortization of deferred acquisition costs	286			(125		)	(64		)	120			118			286			118			(168		)	(59	)%	(168		)	(59	)%	(2		)	(2	)%
Interest and debt expense	26			28			45			28			24			26			24			(2		)	(8	)%	(2		)	(8	)%	(4		)	(14	)%
General and administrative expense	579			600			623			705			616			579			616			37			6	%	37			6	%	(89		)	(13	)%
Total expenses	1,580			1,759			1,604			1,935			1,865			1,580			1,865			285			18	%	285			18	%	(70		)	(4	)%
Pretax income	148			123			340			294			279			148			279			131			89	%	131			89	%	(15		)	(5	)%
Income tax provision	18			28			80			57			65			18			65			47				#	47				#	8			14	%
Net income	130			95			260			237			214			130			214			84			65	%	84			65	%	(23		)	(10	)%
Less: Net income (loss) attributable to noncontrolling interests	—			—			—			—			—			—			—			—			—		—			—		—			—
Net income attributable to Ameriprise Financial	130			95			260			237			214			130			214			84			65	%	84			65	%	(23		)	(10	)%
Integration charges net of tax (2)	12			16			21			15			4			12			4			(8		)	(67	)%	(8		)	(67	)%	(11		)	(73	)%
Realized (gains) losses net of tax (2)	(9		)	(4		)	(9		)	(12		)	(3		)	(9		)	(3		)	6			67	%	6			67	%	9			75	%
Operating earnings	$	133		$	107		$	272		$	240		$	215		$	133		$	215		$	82		62	%	$	82		62	%	$	(25	)	(10	)%
Operating Revenues Reconciliation
Total net revenues	$	1,728		$	1,882		$	1,944		$	2,229		$	2,144		$	1,728		$	2,144		$	416		24	%	$	416		24	%	$	(85	)	(4	)%
Realized (gains) losses	15			(6		)	(14		)	(18		)	(5		)	(15		)	(5		)	10			67	%	10			67	%	13			72	%
Total operating revenues	1,713			1,876			1,930			2,211			2,139			1,713			2,139			426			25	%	426			25	%	(72		)	(3	)%
Pretax Operating Income Reconciliation
Pretax Income	$	148		$	123		$	340		$	294		$	279		$	148		$	279		$	131		89	%	$	131		89	%	$	(15	)	(5	)%
Integration charges	19			25			32			22			7			19			7			(12		)	(63	)%	(12		)	(63	)%	(15		)	(68	)%
Realized (gains) losses	(15		)	(6		)	(14		)	(18		)	(5		)	(15		)	(5		)	10			67	%	10			67	%	13			72	%
Pretax Operating Income	152			142			358			298			281			152			281			129			85	%	129			85	%	(17		)	(6	)%
Effective tax rate	12.2		%	22.8		%	23.5		%	19.4		%	23.2		%	12.2		%	23.2		%	11.0		%			11.0		%			3.8		%
Operating Earnings Per Share
Basic operating earnings per share (1)	$	0.60		$	0.47		$	1.05		$	0.93		$	0.83		$	0.60		$	0.83		$	0.23		38	%	$	0.23		38	%	$	(0.10	)	(11	)%
Operating earnings per diluted share (1)	$	0.60		$	0.47		$	1.04		$	0.91		$	0.81		$	0.60		$	0.81		$	0.21		35	%	$	0.21		35	%	$	(0.10	)	(11	)%
Operating Metrics
Operating revenue growth: Target 6 - 8% (1)	(15.1		)%	(6.0		)%	(1.4		)%	24.7		%	24.9		%	(15.1		)%	24.9		%	40.0		%			40.0		%			0.2		%
Operating return on equity excluding AOCI: Target 12 - 15% (1)	5.3		%	3.7		%	5.3		%	9.2		%	9.7		%	5.3		%	9.7		%	4.4		%			4.4		%			0.5		%
Operating earnings per diluted share growth: Target 12 -15% (1)	(32.6		)%	(53.5		)%	70.5		%	NM			35.0		%	(32.6		)%	35.0		%	67.6		%			67.6		%			NM
Pretax Operating Margin (1)	8.8		%	7.5		%	18.4		%	13.4		%	13.1		%	8.8		%	13.1		%	4.3		%			4.3		%			(0.3		)%
Operating Margin (1)	7.8		%	5.7		%	14.1		%	10.9		%	10.1		%	7.8		%	10.1		%	2.3		%			2.3		%			(0.8		)%
Ameriprise Financial’s shareholders’ equity	$	6,384		$	8,110		$	9,049		$	9,273		$	9,626		$	6,384		$	9,626		$	3,242		51	%	$	3,242		51	%	$	353		4	%
Ameriprise Financial’s shareholders’ equity excluding AOCI (1)	$	7,518		$	8,498		$	8,772		$	9,010		$	9,235		$	7,518		$	9,235		$	1,717		23	%	$	1,717		23	%	$	225		2	%
Ameriprise Financial’s shareholders’ equity excluding AOCI / outstanding shares (1)	$	33.61		$	32.79		$	33.89		$	34.80		$	35.19		$	33.61		$	35.19		$	1.58		5	%	$	1.58		5	%	$	0.39		1	%
Ameriprise Financial’s shareholders’ equity excluding AOCI - 5 point ave.	$	7,637		$	7,763		$	7,950		$	8,214		$	8,607		$	7,637		$	8,607		$	970		13	%	$	970		13	%	$	393		5	%

(1)  See non-GAAP financial information on pages 38, and 45 - 49.

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

# Variance of 100% or greater.

8

Statistical Supplement Package

(unaudited)

First Quarter 2010

Summary & Highlights

9

Ameriprise Financial, Inc.

Highlights

First Quarter 2010

																						Prior Year Comparisons
(in millions, except earnings per share amounts,																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
headcount and as otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Operating Earnings Per Share (1)
Basic earnings per share	$	0.60		$	0.47		$	1.05		$	0.93		$	0.83		$	0.60		$	0.83		$	0.23		38	%	$	0.23		38	%	$	(0.10	)	(11	)%
Earnings per diluted share	$	0.60		$	0.47		$	1.04		$	0.91		$	0.81		$	0.60		$	0.81		$	0.21		35	%	$	0.21		35	%	$	(0.10	)	(11	)%
Operating Metrics (1)
Net revenue growth: Target 6 - 8%	(15.1		)%	(6.0		)%	(1.4		)%	24.7		%	24.9		%	(15.1		)%	24.9		%	40.0		%			40.0		%			0.2		%
Operating return on equity excluding AOCI: Target 12 - 15%	5.3		%	3.7		%	5.3		%	9.2		%	9.7		%	5.3		%	9.7		%	4.4		%			4.4		%			.5		%
Earnings per diluted share growth: Target 12 - 15%	(32.6		)%	(53.5		)%	70.5		%	NM			35.0		%	(32.6		)%	35.0		%	67.6		%			67.6		%			NM
Owned, Managed, and Administered Assets (in billions)
Owned	$	29.6		$	32.5		$	36.0		$	36.9		$	37.6		$	29.6		$	37.6		$	8.0		27	%	$	8.0		27	%	$	0.7		2	%
Managed
External clients	196.4			222.2			247.7			256.6			254.5			196.4			254.5			58.1			30	%	58.1			30	%	(2.1		)	(1	)%
Owned	56.5			62.3			67.1			68.1			70.4			56.5			70.4			13.9			25	%	13.9			25	%	2.3			3	%
Consolidated client assets	0.4			0.5			0.6			1.1			6.9			0.4			6.9			6.5				#	6.5				#	5.8				#
Total managed	253.3			285.0			315.4			325.8			331.8			253.3			331.8			78.5			31	%	78.5			31	%	6.0			2	%
Administered	71.1			79.8			88.5			95.1			93.9			71.1			93.9			22.8			32	%	22.8			32	%	(1.2		)	(1	)%
Total OMA assets	$	354.0		$	397.3		$	439.9		$	457.8		$	463.3		$	354.0		$	463.3		$	109.3		31	%	$	109.3		31	%	$	5.5		1	%
Business Metrics
Total client assets	231,298			258,393			286,590			294,027			303,839			231,298			303,839			72,541			31	%	72,541			31	%	9,812			3	%
Total financial advisors	12,466			12,508			12,314			12,036			11,837			12,466			11,837			(629		)	(5	)%	(629		)	(5	)%	(199		)	(2	)%
Net flows and net deposits
Advisor wrap	1,302			2,758			2,724			2,564			2,512			1,302			2,512			1,210			93	%	1,210			93	%	(52		)	(2	)%
Asset Management	(147		)	45			2,324			1,385			(834		)	(147		)	(834		)	(687		)		#	(687		)		#	(2,219		)		#
Annuities	1,779			1,129			527			255			(68		)	1,779			(68		)	(1,847		)		#	(1,847		)		#	(323		)		#
Variable universal life / Universal life	(26		)	(37		)	(38		)	(34		)	(41		)	(26		)	(41		)	(15		)	(58	)%	(15		)	(58	)%	(7		)	(21	)%
S&P 500
Daily average	811			894			994			1,088			1,121			811			1,121			310			38	%	310			38	%	33			3	%
Period end	798			919			1,057			1,115			1,169			798			1,169			371			46	%	371			46	%	54			5	%

(1)See non-GAAP financial information on pages 38, and 45 - 49.

# Variance of 100% or greater.

10

Ameriprise Financial, Inc.

Common Share, Per Share and Capital Summary

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr  Chg - 1Q					YTD  Chg - 1Q					Seq  Qtr Chg - 1Q
(in millions, except earnings per share amounts)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Basic Shares
Common shares
Beginning balance	216.5			219.1			255.0			255.1			255.1			216.5			255.1			38.6			18	%	38.6			18	%	—			—
Repurchases	—			—			—			—			—			—			—			—			—		—			—		—			—
Issuances	3.1			36.0			0.2			0.1			2.7			3.1			2.7			(0.4		)	(13	)%	(0.4		)	(13	)%	2.6				#
Other	(0.5		)	(0.1		)	(0.1		)	(0.1		)	(0.4		)	(0.5		)	(0.4		)	0.1			20	%	0.1			20	%	(0.3		)		#
Total common outstanding	219.1			255.0			255.1			255.1			257.4			219.1			257.4			38.3			17	%	38.3			17	%	2.3			1	%
Total common outstanding	219.1			255.0			255.1			255.1			257.4			219.1			257.4			38.3			17	%	38.3			17	%	2.3			1	%
Nonforfeitable restricted stock units	4.6			4.2			3.7			3.8			5.0			4.6			5.0			0.4			9	%	0.4			9	%	1.2			32	%
Total basic common shares	223.7			259.2			258.8			258.9			262.4			223.7			262.4			38.7			17	%	38.7			17	%	3.5			1	%
Total potentially dilutive	0.7			1.4			2.5			4.8			4.0			0.7			4.0			3.3				#	3.3				#	(0.8		)	(17	)%
Total diluted shares	224.4			260.6			261.3			263.7			266.4			224.4			266.4			42.0			19	%	42.0			19	%	2.7			1	%
Weighted average common shares outstanding:
Basic	222.3			228.8			258.7			258.9			260.8			222.3			260.8			38.5			17	%	38.5			17	%	1.9			1	%
Diluted	223.5			230.0			260.7			263.3			265.0			223.5			265.0			41.5			19	%	41.5			19	%	1.7			1	%
GAAP Book Value excluding CIEs (1)
Ameriprise Financial’s shareholders’ equity	$	6,384		$	8,110		$	9,049		$	9,273		$	9,626		$	6,384		$	9,626		$	3,242		51	%	$	3,242		51	%	$	353		4	%
Ameriprise Financial’s shareholders’ equity excluding AOCI (1)	$	7,518		$	8,498		$	8,772		$	9,010		$	9,235		$	7,518		$	9,235		$	1,717		23	%	$	1,717		23	%	$	225		2	%
Ameriprise Financial’s shareholders’ equity excluding AOCI - 5 point ave.	$	7,637		$	7,763		$	7,950		$	8,214		$	8,607		$	7,637		$	8,607		$	970		13	%	$	970		13	%	$	393		5	%
Ameriprise Financial’s shareholders’ equity excluding AOCI / outstanding shares (1)	$	33.61		$	32.79		$	33.89		$	34.80		$	35.19		$	33.61		$	35.19		$	1.58		5	%	$	1.58		5	%	$	0.39		1	%
Capital Returned to Shareholders
Dividends paid	$	37		$	38		$	43		$	46		$	45		$	37		$	45		$	8		22	%	$	8		22	%	$	(1	)	(2	)%
Common stock share repurchases	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Debt to Capital
Debt to total capital of Ameriprise Financial	22.5		%	22.2		%	17.1		%	16.8		%	20.5		%	22.5		%	20.5		%	(2.0		)%			(2.0		)%			3.7		%
Debt to total capital excluding non-recourse debt and equity of CIEs (1) (2)	22.4		%	22.2		%	17.1		%	16.7		%	21.3		%	22.4		%	21.3		%	(1.1		)%			(1.1		)%			4.6		%
Debt to total capital excluding non-recourse debt and equity of CIEs and 75% equity credit (1) (2)	19.3		%	19.9		%	14.8		%	14.5		%	19.3		%	19.3		%	19.3		%	—					—					4.8		%
Goodwill and intangible assets	$	1,377		$	1,443		$	1,419		$	1,429		$	1,393		$	1,377		$	1,393		$	16		1	%	$	16		1	%	$	(36	)	(3	)%
Net Investment Income
Investment income on fixed maturities	$	395		$	478		$	507		$	499		$	481		$	395		$	481		86			22	%	86			22	%	(18		)	(4	)%
Realized gains (losses)	15			6			14			18			5			15			5			(10		)	(67	)%	(10		)	(67	)%	(13		)	(72	)%
Affordable housing	(6		)	(7		)	(7		)	(5		)	(3		)	(6		)	(3		)	3			50	%	3			50	%	2			40	%
Other (including seed money)	13			33			25			22			28			13			28			15				#	15				#	6			27	%
Consolidated investment entities	1			1			(1		)	1			79			1			79			78				#	78				#	78				#
Total net investment income	$	418		$	511		$	538		$	535		$	590		$	418		$	590		172			41	%	172			41	%	55			10	%
Allocated Equity (3)
Advice & Wealth Management	$	833		$	825		$	784		$	747		$	759		$	833		$	759		$	(74	)	(9	)%	$	(74	)	(9	)%	$	12		2	%
Asset Management	1,039			1,043			1,059			1,054			1,044			1,039			1,044			5			0	%	5			0	%	(10		)	(1	)%
Annuities	2,774			2,093			2,322			2,459			2,317			2,774			2,317			(457		)	(16	)%	(457		)	(16	)%	(142		)	(6	)%
Protection	2,388			2,450			2,463			2,540			2,560			2,388			2,560			172			7	%	172			7	%	20			1	%
Corporate & Other	484			2,087			2,144			2,210			2,555			484			2,555			2,071				#	2,071				#	345			16	%
Total allocated equity	$	7,518		$	8,498		$	8,772		$	9,010		$	9,235		$	7,518		$	9,235		$	1,717		23	%	$	1,717		23	%	$	225		2	%

(1)   See non-GAAP financial information on pages 38, and 45 - 49.

(2)   See debt to total capital reconciliations on pg 36

(3)   Allocated equity equals Ameriprise Financial equity excluding consolidated investment entities less AOCI

# Variance of 100% or greater.

11

Ameriprise Financial, Inc.

Segment Summary

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Segment Summary
Advice & Wealth management
Net Revenues	$	726		$	785		$	832		$	873		$	879		$	726		$	879		$	153		21	%	$	153		21	%	$	6		1	%
Expenses	787			788			820			855			828			787			828			41			5	%	41			5	%	(27		)	(3	)%
Pretax segment income (loss)	(61		)	(3		)	12			18			51			(61		)	51			112				#	112				#	33				#
Integration charges (1)	12			16			21			15			2			12			2			(10		)	(83	)%	(10		)	(83	)%	(13		)	(87	)%
Realized (gains) losses (1)	10			8			(5		)	2			1			10			1			(9		)	(90	)%	(9		)	(90	)%	(1		)	(50	)%
Pretax operating earnings (loss) (2)	$	(39	)	$	21		$	28		$	35		$	54		$	(39	)	$	54		$	93			#	$	93			#	$	19		54	%
Allocated Equity	833			825			784			747			759			833			759			(74		)	(9	)%	(74		)	(9	)%	12			2	%
Pretax segment margin	(8.4		)%	(0.4		)%	1.4		%	2.1		%	5.8		%	(8.4		)%	5.8		%	14.2		%			14.2		%			3.7		%
Pretax operating margin (2)	(5.3		)%	2.6		%	3.4		%	4.0		%	6.1		%	(5.3		)%	6.1		%	11.4		%			11.4		%			2.1		%
Return on allocated equity (2) (3)	(19.4		)%	(23.8		)%	(18.0		)%	(2.7		)%	6.4		%	(19.4		)%	6.4		%	25.8		%			25.8		%			9.1		%
Operating return on allocated equity (2) (3)	6.6		%	3.0		%	2.2		%	3.6		%	11.4		%	6.6		%	11.4		%	4.8		%			4.8		%			7.8		%
Asset Management
Net Revenues	$	260		$	293		$	328		$	465		$	370		$	260		$	370		$	110		42	%	$	110		42	%	$	(95	)	(20	)%
Expenses	268			305			318			395			352			268			352			84			31	%	84			31	%	(43		)	(11	)%
Pretax segment income (loss)	(8		)	(12		)	10			70			18			(8		)	18			26				#	26				#	(52		)	(74	)%
Integration charges (1)	7			9			7			7			5			7			5			(2		)	(29	)%	(2		)	(29	)%	(2		)	(29	)%
Realized (gains) losses (1)	3			—			—			—			(1		)	3			(1		)	(4		)		#	(4		)		#	(1		)	—
Pretax operating earnings (loss) (2)	$	2		$	(3	)	$	17		$	77		$	22		$	2		$	22		$	20			#	$	20			#	$	(55	)	(71	)%
Allocated Equity	1,039			1,043			1,059			1,054			1,044			1,039			1,044			5			—		5			—		(10		)	(1	)%
Pretax segment margin	(3.1		)%	(4.1		)%	3.0		%	15.1		%	4.9		%	(3.1		)%	4.9		%	8.0		%			8.0		%			(10.2		)%
Pretax operating margin (2)	0.8		%	(1.0		)%	5.2		%	16.6		%	6.0		%	0.8		%	6.0		%	5.2		%			5.2		%			(10.6		)%
Return on allocated equity (2) (3)	3.6		%	(0.2		)%	(0.5		)%	3.6		%	5.3		%	3.6		%	5.3		%	1.7		%			1.7		%			1.7		%
Operating return on allocated equity (2) (3)	4.5		%	1.3		%	1.4		%	5.6		%	7.0		%	4.5		%	7.0		%	2.5		%			2.5		%			1.4		%

(1)   Integration charges incurred for acquisitions of HRBFA, J. & W. Seligman and Columbia

(2)   See non-GAAP financial information on pages 38, and 45 - 49.

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

# Variance of 100% or greater.

12

Ameriprise Financial, Inc.

Segment Summary

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr  Chg - 1Q					YTD  Chg - 1Q					Seq  Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Annuities
Net Revenues	$	492		$	562		$	591		$	620		$	602		$	492		$	602		$	110		22	%	$	110		22	%	$	(18	)	(3	)%
Expenses	363			468			323			463			482			363			482			119			33	%	119			33	%	19			4	%
Pretax segment income	$	129		$	94		$	268		$	157		$	120		$	129		$	120		$	(9	)	(7	)%	$	(9	)	(7	)%	$	(37	)	(24	)%
Realized (gains) losses (1)	(20		)	(8		)	—			(16		)	(3		)	(20		)	(3		)	17			85	%	17			85	%	13			81	%
Pretax operating earnings (2)	$	109		$	86		$	268		$	141		$	117		$	109		$	117		$	8		7	%	$	8		7	%	$	(24	)	(17	)%
Allocated Equity	2,774			2,093			2,322			2,459			2,317			2,774			2,317			(457		)	(16	)%	(457		)	(16	)%	(142		)	(6	)%
Pretax segment margin	26.2		%	16.7		%	45.3		%	25.3		%	19.9		%	26.2		%	19.9		%	(6.3		)%			(6.3		)%			(5.4		)%
Pretax operating margin (2)	23.1		%	15.5		%	45.3		%	23.3		%	19.5		%	23.1		%	19.5		%	(3.6		)%			(3.6		)%			(3.8		)%
Return on allocated equity (2) (3)	(5.5		)%	(5.0		)%	3.2		%	17.0		%	17.4		%	(5.5		)%	17.4		%	22.9		%			22.9		%			0.4		%
Operating return on allocated equity (2) (3)	3.0		%	3.1		%	6.9		%	15.8		%	16.6		%	3.0		%	16.6		%	13.6		%			13.6		%			0.8		%
Protection
Net Revenues	$	496		$	497		$	450		$	528		$	507		$	496		$	507		$	11		2	%	$	11		2	%	$	(21	)	(4	)%
Expenses	384			387			305			399			388			384			388			4			1	%	4			1	%	(11		)	(3	)%
Pretax segment income	$	112		$	110		$	145		$	129		$	119		$	112		$	119		$	7		6	%	$	7		6	%	$	(10	)	(8	)%
Realized (gains) losses (1)	(8		)	1			(7		)	(13		)	(1		)	(8		)	(1		)	7			88	%	7			88	%	12			92	%
Pretax operating earnings (2)	$	104		$	111		$	138		$	116		$	118		$	104		$	118		$	14		13	%	$	14		13	%	$	2		2	%
Allocated Equity	2,388			2,450			2,463			2,540			2,560			2,388			2,560			172			7	%	172			7	%	20			1	%
Pretax segment margin	22.6		%	22.1		%	32.2		%	24.4		%	23.5		%	22.6		%	23.5		%	0.9		%			0.9		%			(0.9		)%
Pretax operating margin (2)	21.3		%	22.3		%	31.2		%	22.5		%	23.3		%	21.3		%	23.3		%	2.0		%			2.0		%			0.8		%
Return on allocated equity (2) (3)	9.9		%	9.7		%	10.7		%	13.2		%	13.2		%	9.9		%	13.2		%	3.3		%			3.3		%			—
Operating return on allocated equity (2) (3)	12.1		%	11.9		%	11.5		%	12.5		%	12.7		%	12.1		%	12.7		%	0.6		%			0.6		%			0.2		%
Corporate & Other excluding CIEs
Net Revenues	$	29		$	(5	)	$	(11	)	$	(11	)	$	21		$	29		$	21		$	(8	)	(28	)%	$	(8	)	(28	)%	$	32			#
Expenses	53			61			84			69			50			53			50			(3		)	(6	)%	(3		)	(6	)%	(19		)	(28	)%
Pretax segment (loss)	(24		)	(66		)	(95		)	(80		)	(29		)	(24		)	(29		)	(5		)	(21	)%	(5		)	(21	)%	51			64	%
Integration charges (1)	—			—			4			—			—			—			—			—			—		—			—		—			—
Realized (gains) losses (1)	—			(7		)	(2		)	9			(1		)	—			(1		)	(1		)	—		(1		)	—		(10		)		#
Pretax operating (loss) (2) (3)	$	(24	)	$	(73	)	$	(93	)	$	(71	)	$	(30	)	$	(24	)	$	(30	)	$	(6	)	(25	)%	$	(6	)	(25	)%	$	41		58	%
Allocated Equity	484			2,087			2,144			2,210			2,555			484			2,555			2,071				#	2,071				#	345			16	%

(1) Integration charges incurred for acquisitions of HRBFA, J. & W. Seligman and Columbia

(2)See non-GAAP financial information on pages 38, and 45 - 49.

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

# Variance of 100% or greater.

13

Statistical Supplement Package

(unaudited)

First Quarter 2010

Advice & Wealth Management Segment

14

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions, except headcount and where noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	268		$	295		$	319		$	352		$	368		$	268		$	368		$	100		37	%	$	100		37	%	$	16		5	%
Distribution fees	431			423			432			447			436			431			436			5			1	%	5			1	%	(11		)	(2	)%
Net investment income	51			82			91			73			74			51			74			23			45	%	23			45	%	1			1	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	17			23			19			26			22			17			22			5			29	%	5			29	%	(4		)	(15	)%
Total revenues	767			823			861			898			900			767			900			133			17	%	133			17	%	2			—
Banking and deposit interest expense	41			38			29			25			21			41			21			(20		)	(49	)%	(20		)	(49	)%	(4		)	(16	)%
Total net revenues	726			785			832			873			879			726			879			153			21	%	153			21	%	6			1	%
Expenses
Distribution expenses	462			478			504			524			536			462			536			74			16	%	74			16	%	12			2	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	325			310			316			331			292			325			292			(33		)	(10	)%	(33		)	(10	)%	(39		)	(12	)%
Total expenses	787			788			820			855			828			787			828			41			5	%	41			5	%	(27		)	(3	)%
Pretax segment income (loss)	(61		)	(3		)	12			18			51			(61		)	51			112				#	112				#	33				#
Integration charges included in general and admin expense (1)	12			16			21			15			2			12			2			(10		)	(83	)%	(10		)	(83	)%	(13		)	(87	)%
Realized (gains) losses included in net investment income	10			8			(5		)	2			1			10			1			(9		)	(90	)%	(9		)	(90	)%	(1		)	(50	)%
Pretax operating earnings (2)	$	(39	)	$	21		$	28		$	35		$	54		$	(39	)	$	54		$	93			#	$	93			#	$	19		54	%
Margins
Pretax segment margin	(8.4		)%	(0.4		)%	1.4		%	2.1		%	5.8		%	(8.4		)%	5.8		%	14.2		%			14.2		%			3.7		%
Pretax operating margin (2)	(5.3		)%	2.6		%	3.4		%	4.0		%	6.1		%	(5.3		)%	6.1		%	11.4		%			11.4		%			2.1		%
Return on Equity
Allocated equity	$	833		$	825		$	784		$	747		$	759		$	833		$	759		$	(74	)	(9	)%	$	(74	)	(9	)%	$	12		2	%
Return on allocated equity (2) (3)	(19.4		)%	(23.8		)%	(18.0		)%	(2.7		)%	6.4		%	(19.4		)%	6.4		%	25.8		%			25.8		%			9.1		%
Operating return on allocated equity (2) (3)	6.6		%	3.0		%	2.2		%	3.6		%	11.4		%	6.6		%	11.4		%	4.8		%			4.8		%			7.8		%
Net Investment Income
Investment income on fixed maturities	$	55		$	78		$	76		$	68		$	59		$	55		$	59		$	4		7	%	$	4		7	%	$	(9	)	(13	)%
Realized gains (losses)	(10		)	(8		)	5			(2		)	(1		)	(10		)	(1		)	9			90	%	9			90	%	1			50	%
Other (including seed money)	6			12			10			7			16			6			16			10				#	10				#	9				#
Total net investment income	$	51		$	82		$	91		$	73		$	74		$	51		$	74		$	23		45	%	$	23		45	%	$	1		1	%
On-balance sheet deposits	$	8,416		$	9,180		$	8,980		$	8,489		$	8,501		$	8,416		$	8,501		$	85		1	%	$	85		1	%	$	12		—

(1)Integration charges incurred for acquisition of HRBFA

(2)See non-GAAP financial information on pages 38, and 45 - 49.

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

# Variance of 100% or greater.

15

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions, except headcount and where noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Product Information
Certificates and Banking - Combined
Pretax operating earnings	$	—		$	28		$	32		$	29		$	25		$	—		$	25		$	25		—		$	25		—		$	(4	)	(14	)%
Allocated equity	$	528		$	521		$	481		$	443		$	456		$	528		$	456		$	(72	)	(14	)%	$	(72	)	(14	)%	$	13		3	%
Operating return on allocated equity (1) (2)	0.8		%	5.2		%	8.6		%	12.2		%	15.3		%	0.8		%	15.3		%	14.5		%			14.5		%			3.1		%
Wealth Management & Distribution
Pretax operating earnings (loss)	$	(39	)	$	(7	)	$	(4	)	$	6		$	29		$	(39	)	$	29		$	68			#	$	68			#	$	23			#
Allocated equity	$	305		$	304		$	303		$	304		$	303		$	305		$	303		$	(2	)	(1	)%	$	(2	)	(1	)%	$	(1	)	—
Operating return on allocated equity (1) (2)	11.5		%	0.9		%	(5.4		)%	(8.4		)%	5.1		%	11.5		%	5.1		%	(6.4		)%			(6.4		)%			13.5		%
Financial Plans
Branded financial plan net cash sales	$	49		$	50		$	47		$	58		$	52		$	49		$	52		$	3		6	%	$	3		6	%	$	(6	)	(10	)%
Financial Advisors
Employee advisors	2,816			2,785			2,606			2,445			2,302			2,816			2,302			(514		)	(18	)%	(514		)	(18	)%	(143		)	(6	)%
Franchisee advisors	7,737			7,770			7,725			7,658			7,629			7,737			7,629			(108		)	(1	)%	(108		)	(1	)%	(29		)	—
Total branded financial advisors	10,553			10,555			10,331			10,103			9,931			10,553			9,931			(622		)	(6	)%	(622		)	(6	)%	(172		)	(2	)%
SAI independent advisors	1,913			1,953			1,983			1,933			1,906			1,913			1,906			(7		)	—		(7		)	—		(27		)	(1	)%
Total financial advisors	12,466			12,508			12,314			12,036			11,837			12,466			11,837			(629		)	(5	)%	(629		)	(5	)%	(199		)	(2	)%
Net operating revenue per financial advisor (in thousands) (3)	$	59		$	63		$	67		$	73		$	74		$	59		$	74		$	15		25	%	$	15		25	%	$	1		1	%
Advisor Retention
Employee	72.3		%	73.4		%	73.7		%	73.7		%	72.9		%	72.3		%	72.9		%	0.6		%			0.6		%			(0.8		)%
Franchisee	92.5		%	91.1		%	91.0		%	91.4		%	91.7		%	92.5		%	91.7		%	(0.8		)%			(0.8		)%			0.3		%
Total Client Assets (at period end)	$	231,298		$	258,393		$	286,590		$	294,027		$	303,839		$	231,298		$	303,839		$	72,541		31	%	$	72,541		31	%	$	9,812		3	%
Total Wrap Accounts
Beginning assets	$	72,781		$	68,181		$	78,960		$	89,553		$	94,921		$	72,781		$	94,921		$	22,140		30	%	$	22,140		30	%	$	5,368		6	%
Net flows	1,302			2,758			2,724			2,564			2,512			1,302			2,512			1,210			93	%	1,210			93	%	(52		)	(2	)%
Market appreciation (depreciation) and other	(5,902		)	8,021			7,869			2,804			2,552			(5,902		)	2,552			8,454				#	8,454				#	(252		)	(9	)%
Total wrap ending assets	$	68,181		$	78,960		$	89,553		$	94,921		$	99,985		$	68,181		$	99,985		$	31,804		47	%	$	31,804		47	%	$	5,064		5	%

(1)See non-GAAP financial information on pages 38, and 45 - 49.

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

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

# Variance of 100% or greater.

16

Statistical Supplement Package

(unaudited)

First Quarter 2010

Asset Management Segment

17

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	209		$	231		$	270		$	396		$	307		$	209		$	307		$	98		47	%	$	98		47	%	$	(89	)	(22	)%
Distribution fees	47			54			55			60			58			47			58			11			23	%	11			23	%	(2		)	(3	)%
Net investment income	(2		)	7			5			8			4			(2		)	4			6				#	6				#	(4		)	(50	)%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	6			2			(1		)	1			1			6			1			(5		)	(83	)%	(5		)	(83	)%	—			—
Total revenues	260			294			329			465			370			260			370			110			42	%	110			42	%	(95		)	(20	)%
Banking and deposit interest expense	—			1			1			—			—			—			—			—			—		—			—		—			—
Total net revenues	260			293			328			465			370			260			370			110			42	%	110			42	%	(95		)	(20	)%
Expenses
Distribution expenses	82			85			97			107			106			82			106			24			29	%	24			29	%	(1		)	(1	)%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	6			6			5			4			6			6			6			—			—		—			—		2			50	%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	180			214			216			284			240			180			240			60			33	%	60			33	%	(44		)	(15	)%
Total expenses	268			305			318			395			352			268			352			84			31	%	84			31	%	(43		)	(11	)%
Pretax segment income (loss)	(8		)	(12		)	10			70			18			(8		)	18			26				#	26				#	(52		)	(74	)%
Integration charges included in general and admin expense (1)	7			9			7			7			5			7			5			(2		)	(29	)%	(2		)	(29	)%	(2		)	(29	)%
Realized (gains) losses included in net investment income	3			—			—			—			(1		)	3			(1		)	(4		)		#	(4		)		#	(1		)	—
Pretax operating earnings (2)	$	2		$	(3	)	$	17		$	77		$	22		$	2		$	22		$	20			#	$	20			#	$	(55	)	(71	)%
Margins
Pretax segment margin	(3.1		)%	(4.1		)%	3.0		%	15.1		%	4.9		%	(3.1		)%	4.9		%	8.0		%			8.0		%			(10.2		)%
Pretax operating margin (2)	0.8		%	(1.0		)%	5.2		%	16.6		%	6.0		%	0.8		%	6.0		%	5.2		%			5.2		%			(10.6		)%
Return on Equity
Allocated equity	$	1,039		$	1,043		$	1,059		$	1,054		$	1,044		$	1,039		$	1,044		$	5		—		$	5		—		$	(10	)	(1	)%
Return on allocated equity (2) (3)	3.6		%	(0.2		)%	(0.5		)%	3.6		%	5.3		%	3.6		%	5.3		%	1.7		%			1.7		%			1.7		%
Operating return on allocated equity (2) (3)	4.5		%	1.3		%	1.4		%	5.6		%	7.0		%	4.5		%	7.0		%	2.5		%			2.5		%			1.4		%
Net Investment Income
Investment income on fixed maturities	$	—		$	1		$	—		$	1		$	—		$	—		$	—		$	—		—		$	—		—		$	(1	)		#
Realized gains (losses)	(3		)	—			—			—			1			(3		)	1			4				#	4				#	1			—
Other (including seed money)	1			6			5			7			3			1			3			2				#	2				#	(4		)	(57	)%
Total net investment income	$	(2	)	$	7		$	5		$	8		$	4		$	(2	)	$	4		$	6			#	$	6			#	$	(4	)	(50	)%

(1)      Integration charges incurred for acquisitions of  J. & W. Seligman and Columbia

(2)      See non-GAAP financial information on pages 38, and 45 - 49.

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

18

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Total Managed Asset net flows	$	(147	)	$	45		$	2,324		$	1,385		$	(834	)	$	(147	)	$	(834	)	$	(687	)		#	$	(687	)		#	$	(2,219	)		#
Total Managed Assets Reconciliations
Domestic managed assets	$	125,201		$	134,831		$	145,790		$	149,004		$	152,624		$	125,201		$	152,624		$	27,423		22	%	$	27,423		22	%	$	3,620		2	%
International managed assets	68,340			82,490			93,682			97,823			97,135			68,340			97,135			28,795			42	%	28,795			42	%	(688		)	(1	)%
Less: Sub-advised eliminations	(2,391		)	(3,176		)	(3,494		)	(3,647		)	(3,752		)	(2,391		)	(3,752		)	(1,361		)	(57	)%	(1,361		)	(57	)%	(105		)	(3	)%
Total managed assets	$	191,150		$	214,145		$	235,978		$	243,180		$	246,007		$	191,150		$	246,007		$	54,857		29	%	$	54,857		29	%	$	2,827		1	%
Managed assets - external clients	$	134,226		$	151,284		$	168,183		$	173,902		$	168,673		$	134,226		$	168,673		$	34,447		26	%	$	34,447		26	%	$	(5,229	)	(3	)%
Managed assets - consolidated client assets	393			459			648			1,099			6,916			393			6,916			6,523				#	6,523				#	5,817				#
Managed assets - owned	56,531			62,402			67,147			68,179			70,418			56,531			70,418			13,887			25	%	13,887			25	%	2,239			3	%
Total managed assets	$	191,150		$	214,145		$	235,978		$	243,180		$	246,007		$	191,150		$	246,007		$	54,857		29	%	$	54,857		29	%	$	2,827		1	%
Total Managed Assets by Type
Equity	$	64,559		$	78,910		$	94,539		$	98,712		$	99,752		$	64,559		$	99,752		$	35,193		55	%	$	35,193		55	%	$	1,040		1	%
Fixed income	95,080			103,773			110,991			113,752			115,922			95,080			115,922			20,842			22	%	20,842			22	%	2,170			2	%
Money market	10,270			10,117			9,053			7,986			7,231			10,270			7,231			(3,039		)	(30	)%	(3,039		)	(30	)%	(755		)	(9	)%
Alternative	11,604			11,330			11,662			11,590			11,808			11,604			11,808			204			2	%	204			2	%	218			2	%
Hybrid and other	9,637			10,015			9,733			11,140			11,294			9,637			11,294			1,657			17	%	1,657			17	%	154			1	%
Total managed assets by type	$	191,150		$	214,145		$	235,978		$	243,180		$	246,007		$	191,150		$	246,007		$	54,857		29	%	$	54,857		29	%	$	2,827		1	%

# Variance of 100% or greater.

19

Ameriprise Financial, Inc.

Asset Management Segment - Domestic

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Domestic Managed Assets Rollforward
Retail Funds
Beginning assets	$	63,970		$	59,832		$	66,010		$	74,592		$	76,860		$	63,970		$	76,860		$	12,890		20	%	$	12,890		20	%	$	2,268		3	%
Net flows	(1,258		)	(861		)	299			(565		)	(1,096		)	(1,258		)	(1,096		)	162			13	%	162			13	%	(531		)	(94	)%
Market appreciation (depreciation) and other	(2,880		)	7,039			8,283			2,833			2,867			(2,880		)	2,867			5,747				#	5,747				#	34			1	%
Total ending assets	59,832			66,010			74,592			76,860			78,631			59,832			78,631			18,799			31	%	18,799			31	%	1,771			2	%
Institutional
Beginning assets	46,293			47,954			51,905			53,886			54,961			46,293			54,961			8,668			19	%	8,668			19	%	1,075			2	%
Net flows	2,002			1,133			(443		)	1,351			112			2,002			112			(1,890		)	(94	)%	(1,890		)	(94	)%	(1,239		)	(92	)%
Market appreciation (depreciation) and other (1)	(341		)	2,818			2,424			(276		)	1,455			(341		)	1,455			1,796				#	1,796				#	1,731				#
Total ending assets	47,954			51,905			53,886			54,961			56,528			47,954			56,528			8,574			18	%	8,574			18	%	1,567			3	%
Alternative
Beginning assets	9,378			9,048			9,131			9,666			9,791			9,378			9,791			413			4	%	413			4	%	125			1	%
Net flows	(623		)	48			322			66			193			(623		)	193			816				#	816				#	127				#
Market appreciation (depreciation) and other	293			35			213			59			79			293			79			(214		)	(73	)%	(214		)	(73	)%	20			34	%
Total ending assets	9,048			9,131			9,666			9,791			10,063			9,048			10,063			1,015			11	%	1,015			11	%	272			3	%
Trust
Beginning assets	8,482			8,519			7,945			7,786			7,535			8,482			7,535			(947		)	(11	)%	(947		)	(11	)%	(251		)	(3	)%
Net flows	54			(745		)	(330		)	(331		)	(65		)	54			(65		)	(119		)		#	(119		)		#	266			80	%
Market appreciation (depreciation) and other	(17		)	171			171			80			85			(17		)	85			102				#	102				#	5			6	%
Total ending assets	8,519			7,945			7,786			7,535			7,555			8,519			7,555			(964		)	(11	)%	(964		)	(11	)%	20			—
Other and Eliminations	(152		)	(160		)	(140		)	(143		)	(153		)	(152		)	(153		)	(1		)	(1	)%	(1		)	(1	)%	(10		)	(7	)%
Total Domestic managed assets	$	125,201		$	134,831		$	145,790		$	149,004		$	152,624		$	125,201		$	152,624		$	27,423		22	%	$	27,423		22	%	$	3,620		2	%
Total Domestic net flows	$	175		$	(425	)	$	(152	)	$	521		$	(856	)	$	175		$	(856	)	$	(1,031	)		#	$	(1,031	)		#	$	(1,377	)		#

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

# Variance of 100% or greater.

20

Ameriprise Financial, Inc.

Asset Management Segment - International

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
International Managed Assets Rollforward
Retail Funds
Beginning assets	$	16,361		$	15,651		$	22,107		$	26,565		$	29,090		$	16,361		$	29,090		$	12,729		78	%	$	12,729		78	%	$	2,525		10	%
Net flows	642			1,224			1,447			1,483			1,344			642			1,344			702				#	702				#	(139		)	(9	)%
Market appreciation (depreciation)	(1,054		)	545			3,673			707			1,665			(1,054		)	1,665			2,719				#	2,719				#	958				#
Foreign currency translation (1)	(330		)	2,517			(745		)	297			(1,769		)	(330		)	(1,769		)	(1,439		)		#	(1,439		)		#	(2,066		)		#
Other (2)	32			2,170			83			38			63			32			63			31			97	%	31			97	%	25			66	%
Total ending assets	15,651			22,107			26,565			29,090			30,393			15,651			30,393			14,742			94	%	14,742			94	%	1,303			4	%
Institutional
Beginning assets	55,342			50,179			58,347			65,120			66,934			55,342			66,934			11,592			21	%	11,592			21	%	1,814			3	%
Net flows	(1,277		)	(675		)	943			(384		)	(1,300		)	(1,277		)	(1,300		)	(23		)	(2	)%	(23		)	(2	)%	(916		)		#
Market appreciation (depreciation)	(3,148		)	636			7,224			930			3,014			(3,148		)	3,014			6,162				#	6,162				#	2,084				#
Foreign currency translation (1)	(1,110		)	7,595			(1,873		)	784			(4,036		)	(1,110		)	(4,036		)	(2,926		)		#	(2,926		)		#	(4,820		)		#
Other	372			612			479			484			385			372			385			13			3	%	13			3	%	(99		)	(20	)%
Total ending assets	50,179			58,347			65,120			66,934			64,997			50,179			64,997			14,818			30	%	14,818			30	%	(1,937		)	(3	)%
Alternative
Beginning assets	2,544			2,510			2,036			1,997			1,799			2,544			1,799			(745		)	(29	)%	(745		)	(29	)%	(198		)	(10	)%
Net flows	313			(79		)	86			(235		)	(22		)	313			(22		)	(335		)		#	(335		)		#	213			91	%
Market appreciation (depreciation)	(295		)	(700		)	(66		)	4			65			(295		)	65			360				#	360				#	61				#
Foreign currency translation (1)	(52		)	305			(59		)	29			(108		)	(52		)	(108		)	(56		)		#	(56		)		#	(137		)		#
Other	—			—			—			4			11			—			11			11			—		11			—		7				#
Total ending assets	2,510			2,036			1,997			1,799			1,745			2,510			1,745			(765		)	(30	)%	(765		)	(30	)%	(54		)	(3	)%
Total International managed assets	$	68,340		$	82,490		$	93,682		$	97,823		$	97,135		$	68,340		$	97,135		$	28,795		42	%	$	28,795		42	%	$	(688	)	(1	)%
Total International net flows	$	(322	)	$	470		$	2,476		$	864		$	22		$	(322	)	$	22		$	344			#	$	344			#	$	(842	)	(97	)%

(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.

21

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2010

	1 Qtr 2009		2 Qtr 2009		3 Qtr 2009		4 Qtr 2009		1 Qtr 2010
Mutual Fund Performance
Domestic
Equal Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	35	%	37	%	49	%	51	%	58	%
Fixed income - 12 month	77	%	74	%	58	%	65	%	50	%
Equity - 3 year	44	%	42	%	41	%	42	%	45	%
Fixed income - 3 year	71	%	79	%	72	%	72	%	68	%
Equity - 5 year	51	%	59	%	67	%	63	%	71	%
Fixed income - 5 year	72	%	64	%	58	%	58	%	63	%
Asset Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	31	%	39	%	52	%	72	%	78	%
Fixed income - 12 month	62	%	42	%	61	%	80	%	51	%
Equity - 3 year	39	%	40	%	51	%	50	%	56	%
Fixed income - 3 year	40	%	47	%	65	%	63	%	59	%
Equity - 5 year	63	%	67	%	74	%	69	%	75	%
Fixed income - 5 year	63	%	39	%	61	%	58	%	58	%
International
Equal Weighted Mutual Fund Rankings in top 2 S&P Quartiles
Equity - 12 month	93	%	69	%	64	%	38	%	31	%
Fixed income - 12 month	64	%	73	%	82	%	60	%	60	%
Equity - 3 year	93	%	93	%	89	%	90	%	93	%
Fixed income - 3 year	73	%	73	%	64	%	80	%	80	%
Equity - 5 year	93	%	89	%	85	%	89	%	93	%
Fixed income - 5 year	70	%	70	%	70	%	78	%	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.

22

Statistical Supplement Package

(unaudited)

First Quarter 2010

Annuities Segment

23

Ameriprise Financial, Inc.

Annuities Segment

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	90		$	104		$	118		$	126		$	127		$	90		$	127		$	37		41	%	$	37		41	%	$	1		1	%
Distribution fees	57			58			64			68			70			57			70			13			23	%	13			23	%	2			3	%
Net investment income	289			339			343			352			330			289			330			41			14	%	41			14	%	(22		)	(6	)%
Premiums	24			23			25			32			31			24			31			7			29	%	7			29	%	(1		)	(3	)%
Other revenues	32			38			41			42			44			32			44			12			38	%	12			38	%	2			5	%
Total revenues	492			562			591			620			602			492			602			110			22	%	110			22	%	(18		)	(3	)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Total net revenues	492			562			591			620			602			492			602			110			22	%	110			22	%	(18		)	(3	)%
Expenses
Distribution expenses	56			49			49			57			61			56			61			5			9	%	5			9	%	4			7	%
Interest credited to fixed accounts	169			201			196			193			192			169			192			23			14	%	23			14	%	(1		)	(1	)%
Benefits, claims, losses and settlement expenses	(129		)	351			93			103			118			(129		)	118			247				#	247				#	15			15	%
Amortization of deferred acquisition costs	219			(182		)	(64		)	64			60			219			60			(159		)	(73	)%	(159		)	(73	)%	(4		)	(6	)%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	48			49			49			46			51			48			51			3			6	%	3			6	%	5			11	%
Total expenses	363			468			323			463			482			363			482			119			33	%	119			33	%	19			4	%
Pretax segment income	129			94			268			157			120			129			120			(9		)	(7	)%	(9		)	(7	)%	(37		)	(24	)%
Realized (gains) losses included in net investment income	(20		)	(8		)	—			(16		)	(3		)	(20		)	(3		)	17			85	%	17			85	%	13			81	%
Pretax operating earnings (1)	$	109		$	86		$	268		$	141		$	117		$	109		$	117		8			7	%	8			7	%	(24		)	(17	)%
Margins
Pretax segment margin	26.2		%	16.7		%	45.3		%	25.3		%	19.9		%	26.2		%	19.9		%	(6.3		)%			(6.3		)%			(5.4		)%
Pretax operating margin (1)	23.1		%	15.5		%	45.3		%	23.3		%	19.5		%	23.1		%	19.5		%	(3.6		)%			(3.6		)%			(3.8		)%
Return on Equity
Allocated equity	$	2,774		$	2,093		$	2,322		$	2,459		$	2,317		$	2,774		$	2,317		$	(457	)	(16	)%	$	(457	)	(16	)%	$	(142	)	(6	)%
Return on allocated equity (1) (2)	(5.5		)%	(5.0		)%	3.2		%	17.0		%	17.4		%	(5.5		)%	17.4		%	22.9		%			22.9		%			0.4		%
Operating return on allocated equity (1) (2)	3.0		%	3.1		%	6.9		%	15.8		%	16.6		%	3.0		%	16.6		%	13.6		%			13.6		%			0.8		%
Net Investment Income
Investment income on fixed maturities	$	259		$	314		$	336		$	337		$	324		$	259		$	324		$	65		25	%	$	65		25	%	$	(13	)	(4	)%
Realized gains (losses)	20			8			—			16			3			20			3			(17		)	(85	)%	(17		)	(85	)%	(13		)	(81	)%
Other (including seed money)	10			17			7			(1		)	3			10			3			(7		)	(70	)%	(7		)	(70	)%	4				#
Total net investment income	$	289		$	339		$	343		$	352		$	330		$	289		$	330		$	41		14	%	$	41		14	%	$	(22	)	(6	)%
Benefits Expense
Net variable annuity living benefits market impact (3)	$	267		$	(360	)	$	(66	)	$	(3	)	$	(24	)	$	267		$	(24	)	$	(291	)		#	$	(291	)		#	$	(21	)		#
Total annuity net flows	$	1,779		$	1,129		$	527		$	255		$	(68	)	$	1,779		$	(68	)	$	(1,847	)		#	$	(1,847	)		#	$	(323	)		#

(1)See non-GAAP financial information on pages 38, and 45 - 49.

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

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

# Variance of 100% or greater.

24

Ameriprise Financial, Inc.

Annuities Segment

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Product Information
Variable Annuities
Operating earnings	$	81		$	34		$	189		$	82		$	57		$	81		$	57		$	(24	)	(30	)%	$	(24	)	(30	)%	$	(25	)	(30	)%
Allocated equity	$	1,099		$	801		$	988		$	1,005		$	971		$	1,099		$	971		$	(128	)	(12	)%	$	(128	)	(12	)%	$	(34	)	(3	)%
Operating return on allocated equity (1) (2)	3.3		%	1.9		%	6.3		%	24.1		%	24.2		%	3.3		%	24.2		%	20.9		%			20.9		%			0.1		%
Fixed Annuities(3)
Operating earnings	$	28		$	52		$	79		$	59		$	60		$	28		$	60		$	32			#	$	32			#	$	1		2	%
Allocated equity	$	1,675		$	1,292		$	1,334		$	1,454		$	1,346		$	1,675		$	1,346		$	(329	)	(20	)%	$	(329	)	(20	)%	$	(108	)	(7	)%
Operating return on allocated equity (1) (2)	14.4		%	14.4		%	16.0		%	9.8		%	11.4		%	14.4		%	11.4		%	(3.0		)%			(3.0		)%			1.6		%
Variable Annuities Rollforward
Beginning balance	$	43,280		$	41,468		$	47,104		$	52,995		$	55,106		$	43,280		$	55,106		$	11,826		27	%	$	11,826		27	%	$	2,111		4	%
Deposits	1,322			1,411			1,435			1,378			1,181			1,322			1,181			(141		)	(11	)%	(141		)	(11	)%	(197		)	(14	)%
Withdrawals and terminations	(994		)	(844		)	(909		)	(980		)	(1,083		)	(994		)	(1,083		)	(89		)	(9	)%	(89		)	(9	)%	(103		)	(11	)%
Net flows	328			567			526			398			98			328			98			(230		)	(70	)%	(230		)	(70	)%	(300		)	(75	)%
Investment performance and interest credited	(2,137		)	5,060			5,365			1,713			1,859			(2,137		)	1,859			3,996				#	3,996				#	146			9	%
Other	(3		)	9			—			—			(85		)	(3		)	(85		)	(82		)		#	(82		)		#	(85		)	—
Total ending balance - contract accumulation values	$	41,468		$	47,104		$	52,995		$	55,106		$	56,978		$	41,468		$	56,978		$	15,510		37	%	$	15,510		37	%	$	1,872		3	%
Variable annuities fixed sub-accounts	$	5,919		$	5,987		$	6,036		$	6,124		$	6,119		$	5,919		$	6,119		$	200		3	%	$	200		3	%	$	(5	)	—
Fixed Annuities Rollforward
Beginning balance	$	12,228		$	13,805		$	14,464		$	14,615		$	14,623		$	12,228		$	14,623		$	2,395		20	%	$	2,395		20	%	$	8		—
Deposits	2,097			974			343			167			163			2,097			163			(1,934		)	(92	)%	(1,934		)	(92	)%	(4		)	(2	)%
Withdrawals and terminations	(646		)	(412		)	(342		)	(310		)	(329		)	(646		)	(329		)	317			49	%	317			49	%	(19		)	(6	)%
Net flows	1,451			562			1			(143		)	(166		)	1,451			(166		)	(1,617		)		#	(1,617		)		#	(23		)	(16	)%
Policyholder interest credited	126			145			151			151			142			126			142			16			13	%	16			13	%	(9		)	(6	)%
Other	—			(48		)	(1		)	—			—			—			—			—			—		—			—		—			—
Total ending balance - contract accumulation values	$	13,805		$	14,464		$	14,615		$	14,623		$	14,599		$	13,805		$	14,599		$	794		6	%	$	794		6	%	$	(24	)	—
Capitalized Interest	$	10		$	10		$	9		$	8		$	5		$	10		$	5		$	(5	)	(50	)%	$	(5	)	(50	)%	$	(3	)	(38	)%
Payout Annuities Reserve Balance	$	2,082		$	2,115		$	2,104		$	2,102		$	2,094		$	2,082		$	2,094		$	12		1	%	$	12		1	%	$	(8	)	—
Tax Equivalent Spread - Fixed Annuities(4)
Gross rate of return on invested assets (5)	5.5		%	6.3		%	6.4		%	6.1		%	6.0		%	5.5		%	6.0		%	0.5		%			0.5		%			(0.1		)%
Crediting rate excluding capitalized interest	(3.8		)%	(4.0		)%	(4.0		)%	(3.9		)%	(3.9		)%	(3.8		)%	(3.9		)%	(0.1		)%			(0.1		)%			—
Tax equivalent margin spread	1.7		%	2.3		%	2.4		%	2.2		%	2.1		%	1.7		%	2.1		%	0.4		%			0.4		%			(0.1		)%
Total Variable Annuities DAC
Beginning balance	$	2,063		$	1,894		$	2,060		$	2,116		$	2,132		$	2,063		$	2,132		$	69		3	%	$	69		3	%	$	16		1	%
Capitalization	61			68			68			64			53			61			53			(8		)	(13	)%	(8		)	(13	)%	(11		)	(17	)%
Amortization per income statement	(207		)	200			70			(48		)	(46		)	(207		)	(46		)	161			78	%	161			78	%	2			4	%
Other (FAS 115)	(23		)	(102		)	(82		)	—			(18		)	(23		)	(18		)	5			22	%	5			22	%	(18		)	—
Total ending balance	$	1,894		$	2,060		$	2,116		$	2,132		$	2,121		$	1,894		$	2,121		$	227		12	%	$	227		12	%	$	(11	)	(1	)%
Total Fixed Annuities DAC
Beginning balance	$	316		$	366		$	389		$	304		$	301		$	316		$	301		$	(15	)	(5	)%	$	(15	)	(5	)%	$	(3	)	(1	)%
Capitalization	99			46			19			8			7			99			7			(92		)	(93	)%	(92		)	(93	)%	(1		)	(13	)%
Amortization per income statement	(12		)	(18		)	(6		)	(16		)	(14		)	(12		)	(14		)	(2		)	(17	)%	(2		)	(17	)%	2			13	%
Other (FAS 115)	(37		)	(5		)	(98		)	5			(47		)	(37		)	(47		)	(10		)	(27	)%	(10		)	(27	)%	(52		)		#
Total ending balance	$	366		$	389		$	304		$	301		$	247		$	366		$	247		$	(119	)	(33	)%	$	(119	)	(33	)%	$	(54	)	(18	)%

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

(2)See non-GAAP financial information on pages 38, and 45 - 49.

(3)Includes payout annuities.

(4)Attributable to interest sensitive products only, which have been approximately 98% of the total ending fixed annuities accumulation values in the periods reported.  The asset earnings rate is a calculated yield based on specifically assigned assets.

(5)The Gross rate of returns on invested assets for both the 4th quarter 2009 and the first quarter of 2010 are affected by significant purchases of forward settle Agency Backed TBA positions that are recorded on a trade basis. Without these positions, the Gross rate of return on invested assets for the 4th quarter 2009 would be approximately 6.3%, and 6.1% for 1st quarter 2010.

#Variance of 100% or greater.

25

Statistical Supplement Package

(unaudited)

First Quarter 2010

Protection Segment

26

Ameriprise Financial, Inc.

Protection Segment

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	10		$	11		$	13		$	13		$	13		$	10		$	13		$	3		30	%	$	3		30	%	$	—		—
Distribution fees	24			24			24			25			24			24			24			—			—		—			—		(1		)	(4	)%
Net investment income	100			97			112			113			103			100			103			3			3	%	3			3	%	(10		)	(9	)%
Premiums	247			254			257			262			257			247			257			10			4	%	10			4	%	(5		)	(2	)%
Other revenues	115			111			44			116			110			115			110			(5		)	(4	)%	(5		)	(4	)%	(6		)	(5	)%
Total revenues	496			497			450			529			507			496			507			11			2	%	11			2	%	(22		)	(4	)%
Banking and deposit interest expense	—			—			—			1			—			—			—			—			—		—			—		(1		)		#
Total net revenues	496			497			450			528			507			496			507			11			2	%	11			2	%	(21		)	(4	)%
Expenses
Distribution expenses	5			6			4			7			8			5			8			3			60	%	3			60	%	1			14	%
Interest credited to fixed accounts	36			36			36			36			36			36			36			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	229			236			213			246			236			229			236			7			3	%	7			3	%	(10		)	(4	)%
Amortization of deferred acquisition costs	61			51			(5		)	52			52			61			52			(9		)	(15	)%	(9		)	(15	)%	—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	53			58			57			58			56			53			56			3			6	%	3			6	%	(2		)	(3	)%
Total expenses	384			387			305			399			388			384			388			4			1	%	4			1	%	(11		)	(3	)%
Pretax segment income	112			110			145			129			119			112			119			7			6	%	7			6	%	(10		)	(8	)%
Realized (gains) losses included in net investment income	(8		)	1			(7		)	(13		)	(1		)	(8		)	(1		)	7			88	%	7			88	%	12			92	%
Pretax operating earnings (1)	$	104		$	111		$	138		$	116		$	118		$	104		$	118		14			13	%	14			13	%	2			2	%
Margins
Pretax segment margin	22.6		%	22.1		%	32.2		%	24.4		%	23.5		%	22.6		%	23.5		%	0.9		%			0.9		%			(0.9		)%
Pretax operating margin (1)	21.3		%	22.3		%	31.2		%	22.5		%	23.3		%	21.3		%	23.3		%	2.0		%			2.0		%			0.8		%
Return on Equity
Allocated equity	$	2,388		$	2,450		$	2,463		$	2,540		$	2,560		$	2,388		$	2,560		$	172		7	%	$	172		7	%	$	20		1	%
Return on allocated equity (1) (2)	9.9		%	9.7		%	10.7		%	13.2		%	13.2		%	9.9		%	13.2		%	3.3		%			3.3		%			—
Operating return on allocated equity (1) (2)	12.1		%	11.9		%	11.5		%	12.5		%	12.7		%	12.1		%	12.7		%	0.6		%			0.6		%			0.2		%
Net Investment Income
Investment income on fixed maturities	$	81		$	85		$	94		$	93		$	95		$	81		$	95		$	14		17	%	$	14		17	%	$	2		2	%
Realized gains (losses)	8			(1		)	7			13			1			8			1			(7		)	(88	)%	(7		)	(88	)%	(12		)	(92	)%
Other (including seed money)	11			13			11			7			7			11			7			(4		)	(36	)%	(4		)	(36	)%	—			—
Total net investment income	$	100		$	97		$	112		$	113		$	103		$	100		$	103		$	3		3	%	$	3		3	%	$	(10	)	(9	)%
Product Information
Long Term Care
Operating earnings	$	10		$	5		$	9		$	12		$	14		$	10		$	14		$	4		40	%	$	4		40	%	$	2		17	%
Allocated equity	$	569		$	578		$	590		$	620		$	622		$	569		$	622		$	53		9	%	$	53		9	%	$	2		—
Operating return on allocated equity (1) (2)	1.5		%	1.9		%	3.1		%	4.0		%	4.4		%	1.5		%	4.4		%	2.9		%			2.9		%			0.4		%
Protection excluding Long Term Care
Operating earnings	$	94		$	106		$	129		$	104		$	104		$	94		$	104		$	10		11	%	$	10		11	%	$	—		—
Allocated equity	$	1,819		$	1,872		$	1,873		$	1,920		$	1,938		$	1,819		$	1,938		$	119		7	%	$	119		7	%	$	18		1	%
Operating return on allocated equity (1) (2)	15.5		%	15.1		%	14.2		%	15.2		%	15.3		%	15.5		%	15.3		%	(0.2		)%			(0.2		)%			0.1		%

(1)   See non-GAAP financial information on pages 38, and 45 - 49.

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

#  Variance of 100% or greater.

27

Ameriprise Financial, Inc.

Protection Segment

First Quarter 2010

																								Prior Year Comparisons
																Year-to-Date								Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009				2010				Diff.			%		Diff.			%		Diff.			%
Cash Sales
VUL / UL (1)	$	33		$	45		$	55		$	56		$	54		$		33		$		54		$	21		64	%	$	21		64	%	$	(2	)	(4	)%
Term and whole life	3			4			4			4			3			3				3				—			—		—			—		(1		)	(25	)%
Disability insurance	1			3			1			2			1			1				1				—			—		—			—		(1		)	(50	)%
Auto and Home	165			165			178			166			177			165				177				12			7	%	12			7	%	11			7	%
Total cash sales	$	202		$	217		$	238		$	228		$	235		$		202		$		235		$	33		16	%	$	33		16	%	$	7		3	%
VUL / UL Policyholder Account Balances
Beginning balance	$	7,570		$	7,350		$	7,957		$	8,593		$	8,803		$		7,570		$		8,803		$	1,233		16	%	$	1,233		16	%	$	210		2	%
Premiums and deposits	228			231			242			248			236			228				236				8			4	%	8			4	%	(12		)	(5	)%
Investment performance and interest	(260		)	644			674			244			247			(260			)	247				507				#	507				#	3			1	%
Withdrawals and surrenders	(254		)	(268		)	(280		)	(282		)	(277		)	(254			)	(277			)	(23		)	(9	)%	(23		)	(9	)%	5			2	%
Other	66			—			—			—			—			66				—				(66		)		#	(66		)		#	—			—
Total ending balance	$	7,350		$	7,957		$	8,593		$	8,803		$	9,009		$		7,350		$		9,009		$	1,659		23	%	$	1,659		23	%	$	206		2	%
Premiums by Product
Term and whole life	$	14		$	14		$	14		$	14		$	13		$		14		$		13		$	(1	)	(7	)%	$	(1	)	(7	)%	$	(1	)	(7	)%
Disability insurance	43			42			43			42			41			43				41				(2		)	(5	)%	(2		)	(5	)%	(1		)	(2	)%
Long term care	29			30			30			31			29			29				29				—			—		—			—		(2		)	(6	)%
Auto and Home	156			160			164			168			167			156				167				11			7	%	11			7	%	(1		)	(1	)%
Intercompany premiums	5			8			6			7			7			5				7				2			40	%	2			40	%	—			—
Total premiums by product	$	247		$	254		$	257		$	262		$	257		$		247		$		257		$	10		4	%	$	10		4	%	$	(5	)	(2	)%
Auto and Home Insurance
Policy count (thousands)	558			570			581			594			608			558				608				50			9	%	50			9	%	14			2	%
Loss ratio	79.6		%	79.6		%	80.4		%	81.8		%	81.3		%	79.6			%	81.3			%	1.7		%			1.7		%			(0.5		)%
Expense ratio	14.8		%	15.2		%	15.0		%	17.5		%	14.7		%	14.8			%	14.7			%	(0.1		)%			(0.1		)%			(2.8		)%
Combined ratio	94.4		%	94.8		%	95.4		%	99.3		%	96.0		%	94.4			%	96.0			%	1.6		%			1.6		%			(3.3		)%
DAC Rollforward
Life and Health
Beginning balance	$	1,946		$	1,920		$	1,858		$	1,853		$	1,852		$		1,946		$		1,852		$	(94	)	(5	)%	$	(94	)	(5	)%	$	(1	)	—
Capitalization	29			30			32			33			27			29				27				(2		)	(7	)%	(2		)	(7	)%	(6		)	(18	)%
Amortization per income statement	(48		)	(38		)	17			(39		)	(39		)	(48			)	(39			)	9			19	%	9			19	%	—			—
Other (FAS 115)	(7		)	(54		)	(54		)	5			(12		)	(7			)	(12			)	(5		)	(71	)%	(5		)	(71	)%	(17		)		#
Total ending balance	$	1,920		$	1,858		$	1,853		$	1,852		$	1,828		$	1,920			$		1,828		$	(92	)	(5	)%	$	(92	)	(5	)%	$	(24	)	(1	)%
Life insurance in force	$	192,022		$	192,186		$	192,558		$	192,871		$	192,477		$	192,022			$	192,477			$	455		—		$	455		—		$	(394	)	—
Net Amount at Risk	$	55,578		$	54,336		$	53,346		$	52,575		$	51,502		$		55,578		$		51,502		$	(4,076	)	(7	)%	$	(4,076	)	(7	)%	$	(1,073	)	(2	)%
Net Policyholder Reserves
VUL / UL	$	6,360		$	6,911		$	7,552		$	7,776		$	7,991		$		6,360		$		7,991		$	1,631		26	%	$	1,631		26	%	$	215		3	%
Term and whole life	236			234			238			236			230			236				230				(6		)	(3	)%	(6		)	(3	)%	(6		)	(3	)%
Disability insurance	469			472			476			480			486			469				486				17			4	%	17			4	%	6			1	%
Long term care and other	2,351			2,374			2,401			2,424			2,443			2,351				2,443				92			4	%	92			4	%	19			1	%
Auto and Home loss and LAE reserves	303			304			306			313			314			303				314				11			4	%	11			4	%	1			—
Total net policyholder reserves	$	9,719		$	10,295		$	10,973		$	11,229		$	11,464		$		9,719		$		11,464		$	1,745		18	%	$	1,745		18	%	$	235		2	%

(1)Includes lump sum deposits.

#    Variance of 100% or greater.

28

Statistical Supplement Package

(unaudited)

First Quarter 2010

Corporate & Other Segment

29

Ameriprise Financial, Inc.

Corporate & Other Segment

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	(20		)	(14		)	(12		)	(11		)	79			(20		)	79			99				#	99				#	90				#
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	39			1			6			44			78			39			78			39				#	39				#	34			77	%
Total revenues	19			(13		)	(6		)	33			157			19			157			138				#	138				#	124				#
Banking and deposit interest expense	2			(1		)	3			3			—			2			—			(2		)		#	(2		)		#	(3		)		#
Total net revenues	17			(12		)	(9		)	30			157			17			157			140				#	140				#	127				#
Expenses
Distribution expenses	1			1			—			1			—			1			—			(1		)		#	(1		)		#	(1		)		#
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	26			28			45			28			64			26			64			38				#	38				#	36				#
General and administrative expense	28			33			41			44			40			28			40			12			43	%	12			43	%	(4		)	(9	)%
Total expenses	55			62			86			73			104			55			104			49			89	%	49			89	%	31			42	%
Pretax segment income (loss)	(38		)	(74		)	(95		)	(43		)	53			(38		)	53			91				#	91				#	96				#
Pretax income (loss) attributable to noncontrolling interests	(14		)	(8		)	—			37			82			(14		)	82			96				#	96				#	45				#
Pretax segment income (loss) attributable to Ameriprise Financial	(24		)	(66		)	(95		)	(80		)	(29		)	(24		)	(29		)	(5		)	(21	)%	(5		)	(21	)%	51			64	%
Net Investment Income
Investment income on fixed maturities	$	—		$	—		$	1		$	—		$	96		$	—		$	96		$	96		—		$	96		—		$	96		—
Realized gains (losses)	—			7			2			(9		)	(13		)	—			(13		)	(13		)	—		(13		)	—		(4		)	(44	)%
Affordable housing	(6		)	(7		)	(7		)	(5		)	(3		)	(6		)	(3		)	3			50	%	3			50	%	2			40	%
Other	(14		)	(14		)	(8		)	3			(1		)	(14		)	(1		)	13			93	%	13			93	%	(4		)		#
Total net investment income	$	(20	)	$	(14	)	$	(12	)	$	(11	)	$	79		$	(20	)	$	79		99				#	99				#	90				#

# Variance of 100% or greater.

30

Ameriprise Financial, Inc.

Corporate & Other Segment - Consolidated Investment Entities

First Quarter 2010

																					Prior Year Comparisons
															Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009		1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—			—			—			—		—			—			—			—			—		—			—		—			—
Net investment income	1			1			(1		)	1		79			1			79			78				#	78				#	78				#
Premiums	—			—			—			—		—			—			—			—			—		—			—		—			—
Other revenues	(12		)	(7		)	4			43		57			(12		)	57			69				#	69				#	14			33	%
Total revenues	(11		)	(6		)	3			44		136			(11		)	136			147				#	147				#	92				#
Banking and deposit interest expense	1			1			1			3		—			1			—			(1		)		#	(1		)		#	(3		)		#
Total net revenues	(12		)	(7		)	2			41		136			(12		)	136			148				#	148				#	95				#
Expenses
Distribution expenses	—			—			—			—		—			—			—			—			—		—			—		—			—
Interest credited to fixed accounts	—			—			—			—		—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—		—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—		—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—		40			—			40			40			—		40			—		40			—
General and administrative expense	2			1			2			4		14			2			14			12				#	12				#	10				#
Total expenses	2			1			2			4		54			2			54			52				#	52				#	50				#
Pretax segment income (loss)	(14		)	(8		)	—			37		82			(14		)	82			96				#	96				#	45				#
Pretax income (loss) attributable to noncontrolling interests	(14		)	(8		)	—			37		82			(14		)	82			96				#	96				#	45				#
Pretax segment income (loss) attributable to CIEs	—			—			—			—		—			—			—			—			—		—			—		—			—
Net Investment Income
Investment income on fixed maturities	$	—		$	—		$	—		$	—	$	93		$	—		$	93		$	93		—		$	93		—		$	93		—
Realized gains (losses)	—			—			—			—		(14		)	—			(14		)	(14		)	—		(14		)	—		(14		)	—
Affordable housing	—			—			—			—		—			—			—			—			—		—			—		—			—
Other	1			1			(1		)	1		—			1			—			(1		)		#	(1		)		#	(1		)		#
Total net investment income	$	1		$	1		$	(1	)	$	1	$	79		$	1		$	79		78				#	78				#	78				#

# Variance of 100% or greater.

31

Ameriprise Financial, Inc.

Corporate & Other Segment  Excluding Consolidated Investment Entities

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	(21		)	(15		)	(11		)	(12		)	—			(21		)	—			21				#	21				#	12				#
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	51			8			2			1			21			51			21			(30		)	(59	)%	(30		)	(59	)%	20				#
Total revenues	30			(7		)	(9		)	(11		)	21			30			21			(9		)	(30	)%	(9		)	(30	)%	32				#
Banking and deposit interest expense	1			(2		)	2			—			—			1			—			(1		)		#	(1		)		#	—			—
Total net revenues	29			(5		)	(11		)	(11		)	21			29			21			(8		)	(28	)%	(8		)	(28	)%	32				#
Expenses
Distribution expenses	1			1			—			1			—			1			—			(1		)		#	(1		)		#	(1		)		#
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	26			28			45			28			24			26			24			(2		)	(8	)%	(2		)	(8	)%	(4		)	(14	)%
General and administrative expense	26			32			39			40			26			26			26			—			—		—			—		(14		)	(35	)%
Total expenses	53			61			84			69			50			53			50			(3		)	(6	)%	(3		)	(6	)%	(19		)	(28	)%
Pretax segment (loss)	(24		)	(66		)	(95		)	(80		)	(29		)	(24		)	(29		)	(5		)	(21	)%	(5		)	(21	)%	51			64	%
Integration charges included in general and administrative expense (1)	—			—			4			—			—			—			—			—			—		—			—		—			—
Realized (gains) losses included in net investment income	—			(7		)	(2		)	9			(1		)	—			(1		)	(1		)	—		(1		)	—		(10		)		#
Pretax operating earnings (loss)(2)	$	(24	)	$	(73	)	$	(93	)	$	(71	)	$	(30	)	$	(24	)	$	(30	)	$	(6	)	(25	)%	$	(6	)	(25	)%	$	41		58	%
Net Investment Income
Investment income on fixed maturities	$	—		$	—		$	1		$	—		$	3		$	—		$	3		$	3		—		$	3		—		$	3		—
Realized gains (losses)	—			7			2			(9		)	1			—			1			1			—		1			—		10				#
Affordable housing	(6		)	(7		)	(7		)	(5		)	(3		)	(6		)	(3		)	3			50	%	3			50	%	2			40	%
Other	(15		)	(15		)	(7		)	2			(1		)	(15		)	(1		)	14			93	%	14			93	%	(3		)		#
Total net investment income	$	(21	)	$	(15	)	$	(11	)	$	(12	)	$	—		$	(21	)	$	—		21				#	21				#	12				#
Allocated equity	$	484		$	2,087		$	2,144		$	2,210		$	2,555		$	484		$	2,555		2,071				#	$	2,071			#	$	345		16	%

(1)Integration charges incurred for acquisition of Columbia

(2)See non-GAAP financial information on pages 38, and 45 - 49.

#  Variance of 100% or greater.

32

Ameriprise Financial, Inc.

Eliminations(1)

First Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	(23	)	$	(35	)	$	(31	)	$	(32	)	$	(41	)	$	(23	)	$	(41	)	$	(18	)	(78	)%	$	(18	)	(78	)%	$	(9	)	(28	)%
Distribution fees	(248		)	(208		)	(208		)	(209		)	(197		)	(248		)	(197		)	51			21	%	51			21	%	12			6	%
Net investment income	—			—			(1		)	—			—			—			—			—			—		—			—		—			—
Premiums	(5		)	(8		)	(6		)	(7		)	(6		)	(5		)	(6		)	(1		)	(20	)%	(1		)	(20	)%	1			14	%
Other revenues	—			—			—			—			—			—			—			—			—		—			—		—			—
Total revenues	(276		)	(251		)	(246		)	(248		)	(244		)	(276		)	(244		)	32			12	%	32			12	%	4			2	%
Banking and deposit interest expense	(1		)	—			—			(1		)	—			(1		)	—			1				#	1				#	1				#
Total net revenues	(275		)	(251		)	(246		)	(247		)	(244		)	(275		)	(244		)	31			11	%	31			11	%	3			1	%
Expenses
Distribution expenses	(222		)	(187		)	(192		)	(192		)	(186		)	(222		)	(186		)	36			16	%	36			16	%	6			3	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	(53		)	(64		)	(54		)	(55		)	(58		)	(53		)	(58		)	(5		)	(9	)%	(5		)	(9	)%	(3		)	(5	)%
Total expenses	(275		)	(251		)	(246		)	(247		)	(244		)	(275		)	(244		)	31			11	%	31			11	%	3			1	%
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.

33

Statistical Supplement Package

(unaudited)

First Quarter 2010

Balance Sheet and Ratings Information

34

Ameriprise Financial, Inc.

Consolidated Balance Sheets

First Quarter 2010

(in millions, unaudited)	March 31, 2009			June 30, 2009			September 30, 2009			December 31, 2009			March 31, 2010
Assets
Ameriprise Financial
Cash and cash equivalents	$	5,796		$	4,469		$	3,580		$	3,097		$	4,816
Investments	30,717			34,763			36,810			36,938			35,765
Separate account assets	42,014			48,661			55,576			58,129			60,326
Receivables	3,579			4,067			4,247			4,435			4,768
Deferred acquisition costs	4,237			4,361			4,323			4,334			4,243
Restricted and segregated cash	1,721			1,655			1,718			1,452			1,532
Other assets	6,124			4,779			4,299			4,290			4,011
Total Ameriprise Financial assets	94,188			102,755			110,553			112,675			115,461
Consolidated Investment Entities
Cash and cash equivalents	90			75			104			181			613
Investments	21			30			37			36			5,349
Receivables	16			10			22			49			80
Other assets	266			344			485			833			874
Total Consolidated Investment Entities assets	393			459			648			1,099			6,916
Total Assets	$	94,581		$	103,214		$	111,201		$	113,774		$	122,377
Liabilities
Ameriprise Financial
Future policy benefits and claims	$	30,956		$	30,916		$	31,042		$	30,886		$	30,866
Separate account liabilities	42,014			48,661			55,576			58,129			60,326
Customer deposits	8,465			9,216			9,028			8,554			8,632
Debt	1,850			2,318			1,868			1,868			2,612
Accounts payable and accrued expenses	713			825			765			918			748
Other liabilities	3,843			2,743			3,266			3,093			2,743
Total Ameriprise Financial liabilities	87,841			94,679			101,545			103,448			105,927
Consolidated Investment Entities
Debt	72			117			208			381			5,502
Accounts payable and accrued expenses	6			8			13			28			17
Other liabilities	25			36			41			41			231
Total Consolidated Investment Entities liabilities	103			161			262			450			5,750
Total Liabilities	$	87,944		$	94,840		$	101,807		$	103,898		$	111,677
Shareholders’ Equity
Ameriprise Financial
Common shares ($.01 par)	3			3			3			3			3
Additional paid-in capital	4,719			5,641			5,699			5,748			5,819
Retained earnings	4,817			4,875			5,091			5,282			5,451
Appropriated retained earnings of consolidated investment entities	—			—			—			—			508
Treasury stock	(2,021		)	(2,021		)	(2,021		)	(2,023		)	(2,038		)
Accumulated other comprehensive income (loss), net of tax	(1,134		)	(388		)	277			263			365
Total Ameriprise Financial shareholders’ equity	6,384			8,110			9,049			9,273			10,108
Noncontrolling interests	253			264			345			603			592
Total Equity	6,637			8,374			9,394			9,876			10,700
Total Liabilities and Shareholders’ Equity	$	94,581		$	103,214		$	111,201		$	113,774		$	122,377

35

Ameriprise Financial, Inc.

Capital and Ratings Information

First Quarter 2010

(in millions unless otherwise noted, unaudited)	March 31, 2009			June 30, 2009			September 30, 2009			December 31, 2009			March 31, 2010
Debt Summary
Senior notes	$	1,500		$	1,990		$	1,540		$	1,540		$	2,284
Junior subordinated notes	344			322			322			322			322
Non-recourse debt for inverse floaters	6			6			6			6			6
Total Ameriprise Financial debt	1,850			2,318			1,868			1,868			2,612
Non-recourse debt of consolidated investment entities	72			117			208			381			5,502
Total debt	$	1,922		$	2,435		$	2,076		$	2,249		$	8,114
Total debt	$	1,922		$	2,435		$	2,076		$	2,249		$	8,114
Total non-recourse debt	(78		)	(123		)	(214		)	(387		)	(5,508		)
Total debt excluding non-recourse debt (1)	1,844			2,312			1,862			1,862			2,606
Junior subordinated notes 75% equity credit (2)	(258		)	(242		)	(242		)	(242		)	(242		)
Total debt excluding non-recourse debt and 75% equity credit (1)	$	1,586		$	2,070		$	1,620		$	1,620		$	2,364
Total Equity	$	6,637		$	8,374		$	9,394		$	9,876		$	10,700
Noncontrolling interests	(253		)	(264		)	(345		)	(603		)	(592		)
Total Ameriprise Financial shareholders’ equity	6,384			8,110			9,049			9,273			10,108
Equity of consolidated investment entities	—			—			—			—			(482		)
Total equity excluding CIEs (1)	$	6,384		$	8,110		$	9,049		$	9,273		$	9,626
Total Ameriprise Financial capital	8,234			10,428			10,917			11,141			12,720
Total capital excluding non-recourse debt and equity of CIEs (1)	8,228			10,422			10,911			11,135			12,232
Debt to capital
Debt to total capital of Ameriprise Financial	22.5		%	22.2		%	17.1		%	16.8		%	20.5		%
Debt to total capital excluding non-recourse debt and equity of CIEs (1)	22.4		%	22.2		%	17.1		%	16.7		%	21.3		%
Debt to total capital excluding non-recourse debt and equity of CIEs and 75% equity credit (1)	19.3		%	19.9		%	14.8		%	14.5		%	19.3		%

Ratings (as of March 31, 2010 earnings release date)	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 on pages 38, and 45 - 49.

(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.

36

Ameriprise Financial, Inc.

Ameriprise Financial Investments (1)

First Quarter 2010

(in millions unless otherwise noted, unaudited)	March 31, 2009			June 30, 2009			September 30, 2009			December 31, 2009			March 31, 2010
Cash and cash equivalents	$	5,796		$	4,469		$	3,580		$	3,097		$	4,816
Investments - Ending Balances
Available-for-Sale Securities
Corporate debt securities	12,969			15,016			16,487			16,123			15,629
Residential mortgage backed securities	6,720			7,434			8,049			7,770			7,317
Commercial mortgage backed securities	3,438			4,056			4,373			4,613			4,467
Asset backed securities	1,305			1,909			1,846			1,994			1,968
Total mortgage and other asset backed securities	11,463			13,399			14,268			14,377			13,752
Other structured investments	38			49			55			58			—
State and municipal obligations	947			1,089			1,322			1,417			1,569
US government and agencies obligations	188			185			312			387			229
Foreign government bonds and obligations	105			106			109			108			108
Common and preferred stocks	23			39			48			43			50
Other AFS	29			28			24			33			77
Total other	1,330			1,496			1,870			2,046			2,033
Total available-for-sale securities	25,762			29,911			32,625			32,546			31,414
Commercial mortgage loans	2,871			2,786			2,735			2,695			2,682
Allowance for loan losses	(19		)	(28		)	(29		)	(32		)	(39		)
Commercial mortgage loans, net	2,852			2,758			2,706			2,663			2,643
Policy loans	722			715			719			720			720
Trading securities	853			874			276			556			544
Other investments	528			505			484			453			444
Total investments	30,717			34,763			36,810			36,938			35,765
Total cash, cash equivalents and investments	$	36,513		$	39,232		$	40,390		$	40,035		$	40,581
Net unrealized gain (loss) Available-for-Sale Securities	$	(1,822	)	$	(577	)	$	799		$	686		$	1,031
AFS Fixed Maturity Asset Quality - %
AAA	42		%	42		%	41		%	41		%	41		%
AA	6		%	4		%	4		%	5		%	5		%
AFS securities AA and above	48		%	46		%	45		%	46		%	46		%
A	15		%	13		%	16		%	15		%	15		%
BBB	31		%	34		%	33		%	33		%	34		%
Below investment grade	6		%	7		%	6		%	6		%	5		%
Total AFS fixed maturity asset quality - %	100		%	100		%	100		%	100		%	100		%
Fair Value of Below Investment Grade as a % of Total cash and investments	6		%	7		%	6		%	5		%	5		%

(1)Investments excluding investments of CIEs

37

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.  Effective January 1, 2010, in accordance with the adoption of a new accounting standard, the Company consolidated $5.8 billion of client assets and $6.1 billion of liabilities in variable interest entities (“VIEs”).  Prior to adoption, the Company consolidated certain property funds and hedge funds (Consolidated Managed Funds). These entities and the VIEs are defined as Consolidated Investment Entities (“CIEs”).

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

· Return on equity excluding AOCI;

· Ameriprise Financial’s shareholders’ equity excluding AOCI;

· Ameriprise Financial’s shareholders’ equity excluding AOCI/outstanding shares;

· Ameriprise Financial’s shareholders’ equity excluding CIEs;

· Ameriprise Financial’s shareholders’ equity excluding CIEs and AOCI;

· Ameriprise Financial’s shareholders’ equity excluding CIEs and AOCI/outstanding shares;

· Debt to total capital excluding non-recourse debt and equity or CIEs;

· Pretax operating earnings (loss);

· Pretax operating earnings;

· Pretax operating (loss);

· Pretax operating margin;

· Return on allocated equity;

· Operating return on allocated equity;

· Total equity excluding CIEs;

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

· Total debt excluding non-recourse debt;

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

· Total capital excluding CIEs;

· Total capital excluding non-recourse debt and equity of CIEs;

· Debt to capital excluding non-recourse debt and equity of CIEs;

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

· Basic operating earnings per share;

· Operating earnings per diluted share;

· Operating revenue;

· Operating margin;

Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best reflects the underlying performance of the Company’s ongoing operations and facilitates a more meaningful trend analysis.  See the reconciliations on pages 45 - 49.

Reclassification

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

38

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.

39

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.

AOCI - Accumulated other comprehensive income (loss), net of tax.  See FAS 115 explanation below.

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 interests and income tax provision (benefit).

Pretax Segment 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), plus integration charges.

Pretax Operating 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.

40

Exhibit A

Statistical Supplement Package

(unaudited)

First Quarter 2010

Disclosed Items

41

Ameriprise Financial, Inc.

Disclosed Items

Included in Operating Earnings

	1 Qtr 2009					2 Qtr 2009								3 Qtr 2009															4 Qtr 2009							1 Qtr 2010
	Asset Management			Corporate		Asset Management			Corporate					Asset Management			Annuities			Protection			Corporate						Asset Management	Protection			Corporate			Advice & Wealth Management		Asset Management			Annuities			Corporate
				Jr. Subordinated								Jr. Subordinated														Debt			Hedge Fund
	Threadneedle			Notes		Legal			Legal			Notes		Legal			Valuation			Valuation			RiverSource			Retirement			Performance	Reserve			Legal			Reserve		Threadneedle			VA Cash			Reserve
(in millions, unaudited)	Valuation (8)			Repurchase (1)		Expenses (2)			Expenses (2)			Repurchase (1)		Expenses (2)			Assumptions (3)			Assumptions (3)			2a-7 Fund (4)			Costs (5)			Fees (6)	Increase (7)			Expenses (2)			Fund (9)		Valuation (8)			Impact (10)			Fund (9)
Revenues
Management and financial advice fees	$	—		$	—	$	—		$	—		$	—	$	—		$	—		$	—		$	—		$	—		*	$	—		$	—		$	—	$	—		$	—		$	—
Distribution fees	—			—		—			—			—		—			—			—			—			—			—	—			—			—		—			—			—
Net investment income	—			—		—			—			—		—			—			—			—			—			—	—			—			2		—			(5		)	—
Premiums	—			—		—			—			—		—			—			—			—			—			—	—			—			—		—			—			—
Other revenues	—			50		—			—			8		—			—			(65		)	—			—			—	—			—			—		—			—			20
Total revenues	—			50		—			—			8		—			—			(65		)	—			—			—	—			—			2		—			(5		)	20
Banking and deposit interest expense	—			—		—			—			—		—			—			—			—			—			—	—			—			—		—			—			—
Total net revenues	—			50		—			—			8		—			—			(65		)	—			—			—	—			—			2		—			(5		)	20
Expenses
Distribution expenses	—			—		—			—			—		—			—			—			—			—			—	—			—			—		—			—			—
Interest credited to fixed accounts	—			—		—			—			—		—			—			—			—			—			—	—			—			—		—			—			—
Benefits, claims, losses and settlement expenses	—			—		—			—			—		—			(47		)	(33		)	—			—			—	14			—			—		—			—			—
Amortization of deferred acquisition costs	—			—		—			—			—		—			(64		)	(55		)	—			—			—	—			—			—		—			—			—
Interest and debt expense	—			—		—			—			—		—			—			—			—			13			—	—			—			—		—			—			—
General and administrative expense	(10		)	—		16			7			—		10			—			—			10			—			*	—			19			—		27			—			—
Total expenses	(10		)	—		16			7			—		10			(111		)	(88		)	10			13			—	14			19			—		27			—			—
Pretax segment income (loss)	10			50		(16		)	(7		)	8		(10		)	111			23			(10		)	(13		)	—	(14		)	(19		)	2		(27		)	(5		)	20
Less: Net loss attributable to noncontrolling interest	—			—		—			—			—		—			—			—			—			—			—	—			—			—		—			—			—

Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest $ 10 $ 50 $ (16 ) $ (7 ) $ 8 $ (10 ) $ 111 $ 23 $ (10 ) $ (13 ) $ 30 $ (14 ) $ (19 ) $ 2 $ (27 ) $ (5 ) $ 20

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

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

(3)     Net impact of annual review/updating of valuation assumptions

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

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

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

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

(8)     Impact related to Threadneedle’s estimated change in market valuation attributable to its employee incentive compensation program

(9)     Benefit from payments by the Reserve Fund

(10)   Impact from raising cash in preparation for the introduction of enhanced variable annuity features

Ameriprise Financial, Inc.

Previously Disclosed Items

Market Impacts

Annuities Segment (1) (2)

(in millions, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—
Net investment income	—			—			—			—
Premiums	—			—			—			—
Other revenues	—			—			—			—
Total revenues	—			—			—			—
Banking and deposit interest expense	—			—			—			—
Total net revenues	—			—			—			—
Expenses
Distribution expenses	—			—			—			—
Interest credited to fixed accounts	—			—			—			—
Benefits, claims, losses and settlement expenses	(194		)	285			48			5
Amortization of deferred acquisition costs	181			(239		)	(75		)	(3		)
Interest and debt expense	—			—			—			—
General and administrative expense	—			—			—			—
Total expenses	(13		)	46			(27		)	2
Pretax segment income (loss)	13			(46		)	27			(2		)
Less: Net loss attributable to noncontrolling interest	—			—			—			—
Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest	$	13		$	(46	)	$	27		$	(2	)

Protection Segment (2)

(in millions, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—
Net investment income	—			—			—			—
Premiums	—			—			—			—
Other revenues	—			—			—			—
Total revenues	—			—			—			—
Banking and deposit interest expense	—			—			—			—
Total net revenues	—			—			—			—
Expenses
Distribution expenses	—			—			—			—
Interest credited to fixed accounts	—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—
Amortization of deferred acquisition costs	5			(6		)	(1		)	(1		)
Interest and debt expense	—			—			—			—
General and administrative expense	—			—			—			—
Total expenses	5			(6		)	(1		)	(1		)
Pretax segment income (loss)	(5		)	6			1			1
Less: Net loss attributable to noncontrolling interest	—			—			—			—
Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest	$	(5	)	$	6		$	1		$	1

(1)Variable annuity guarantee impacts

(2)Increase in DAC and DSIC amortization related to market

43

Exhibit B

Statistical Supplement Package

(unaudited)

First Quarter 2010

GAAP Excluding Consolidated Investment Entities Reconciliation Tables

44

Ameriprise Financial, Inc.

Reconciliation for Revenues Excluding CIEs

First Quarter 2010

																Year-to-Date
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010
Revenues
Management and financial advice fees	$	554		$	606		$	689		$	855		$	774		$	554		$	774
CIEs	—			(1		)	—			(1		)	(9		)	—			(9		)
Management and financial advice fees excluding CIEs	$	554		$	607		$	689		$	856		$	783		$	554		$	783
Distribution fees	$	311		$	351		$	367		$	391		$	391		$	311		$	391
CIEs	—			—			—			—			—			—			—
Distribution fees excluding CIEs	$	311		$	351		$	367		$	391		$	391		$	311		$	391
Net investment income	$	418		$	511		$	538		$	535		$	590		$	418		$	590
CIEs	1			1			(1		)	1			79			1			79
Net investment income excluding CIEs	$	417		$	510		$	539		$	534		$	511		$	417		$	511
Premiums	$	266		$	269		$	276		$	287		$	282		$	266		$	282
CIEs	—			—			—			—			—			—			—
Premiums excluding CIEs	$	266		$	269		$	276		$	287		$	282		$	266		$	282
Other revenues	$	209		$	175		$	109		$	229		$	255		$	209		$	255
CIEs	(12		)	(7		)	4			43			57			(12		)	57
Other revenues excluding CIEs	$	221		$	182		$	105		$	186		$	198		$	221		$	198
Total revenues	$	1,758		$	1,912		$	1,979		$	2,297		$	2,292		$	1,758		$	2,292
CIEs	(11		)	(7		)	3			43			127			(11		)	127
Total revenues excluding CIEs	$	1,769		$	1,919		$	1,976		$	2,254		$	2,165		$	1,769		$	2,165
Banking and deposit interest expense	$	42		$	38		$	33		$	28		$	21		$	42		$	21
CIEs	1			1			1			3			—			1			—
Banking and deposit interest expense excluding CIEs	$	41		$	37		$	32		$	25		$	21		$	41		$	21
Total net revenues	$	1,716		$	1,874		$	1,946		$	2,269		$	2,271		$	1,716		$	2,271
CIEs	(12		)	(8		)	2			40			127			(12		)	127
Total net revenues excluding CIEs	$	1,728		$	1,882		$	1,944		$	2,229		$	2,144		$	1,728		$	2,144

45

Ameriprise Financial, Inc.

Reconciliation for Expenses Excluding CIEs

First Quarter 2010

														Year-to-Date
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009		1 Qtr 2010		2009			2010
Expenses
Distribution expenses	$	384		$	432		$	462		$	504	$	525	$	384		$	525
CIEs	—			—			—			—		—		—			—
Distribution expenses excluding CIEs	$	384		$	432		$	462		$	504	$	525	$	384		$	525
Interest credited to fixed accounts	$	205		$	237		$	232		$	229	$	228	$	205		$	228
CIEs	—			—			—			—		—		—			—
Interest credited to fixed accounts excluding CIEs	$	205		$	237		$	232		$	229	$	228	$	205		$	228
Benefits, claims, losses and settlement expenses	$	100		$	587		$	306		$	349	$	354	$	100		$	354
CIEs	—			—			—			—		—		—			—
Benefits, claims, losses and settlement expenses excluding CIEs	$	100		$	587		$	306		$	349	$	354	$	100		$	354
Amortization of deferred acquisition costs	$	286		$	(125	)	$	(64	)	$	120	$	118	$	286		$	118
CIEs	—			—			—			—		—		—			—
Amortization of deferred acquisition costs excluding CIEs	$	286		$	(125	)	$	(64	)	$	120	$	118	$	286		$	118
Interest and debt expense	$	26		$	28		$	45		$	28	$	64	$	26		$	64
CIEs	—			—			—			—		40		—			40
Interest and debt expense excluding CIEs	$	26		$	28		$	45		$	28	$	24	$	26		$	24
General and administrative expense	$	581		$	600		$	625		$	708	$	621	$	581		$	621
CIEs	2			—			2			3		5		2			5
General and administrative expense excluding CIEs	$	579		$	600		$	623		$	705	$	616	$	579		$	616
Total expenses	$	1,582		$	1,759		$	1,606		$	1,938	$	1,910	$	1,582		$	1,910
CIEs	2			—			2			3		45		2			45
Total expenses excluding CIEs	$	1,580		$	1,759		$	1,604		$	1,935	$	1,865	$	1,580		$	1,865
Pretax income (loss)	$	134		$	115		$	340		$	331	$	361	$	134		$	361
CIEs	(14		)	(8		)	—			37		82		(14		)	82
Pretax income (loss) excluding CIEs	$	148		$	123		$	340		$	294	$	279	$	148		$	279
Income tax provision (benefit)	$	18		$	28		$	80		$	57	$	65	$	18		$	65
CIEs	—			—			—			—		—		—			—
Income tax provision (benefit) excluding CIEs	$	18		$	28		$	80		$	57	$	65	$	18		$	65
Net income (loss)	$	116		$	87		$	260		$	274	$	296	$	116		$	296
CIEs	(14		)	(8		)	—			37		82		(14		)	82
Net income (loss) excluding CIEs	$	130		$	95		$	260		$	237	$	214	$	130		$	214
Net income (loss) attributable to noncontrolling interests	$	(14	)	$	(8	)	$	—		$	37	$	82	$	(14	)	$	82
CIEs	(14		)	(8		)	—			37		82		(14		)	82
Net income (loss) attributable to noncontrolling interests excluding CIEs	$	—		$	—		$	—		$	—	$	—	$	—		$	—
Net income (loss) attributable to Ameriprise Financial	$	130		$	95		$	260		$	237	$	214	$	130		$	214
CIEs	—			—			—			—		—		—			—
Net income (loss) attributable to Ameriprise Financial excluding CIEs	$	130		$	95		$	260		$	237	$	214	$	130		$	214

46

Ameriprise Financial, Inc.

Reconciliation for GAAP Metrics Excluding CIEs

First Quarter 2010

																Year-to-Date
(in millions unless otherwise noted, unaudited)	1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			4 Qtr 2009			1 Qtr 2010			2009			2010
Earnings Per Share
Basic earnings (loss) per share	$	0.58		$	0.41		$	1.00		$	0.92		$	0.82		$	0.58		$	0.82
CIEs	—			—			—			—			—			—			—
Basic earnings (loss) per share excluding CIEs	$	0.58		$	0.41		$	1.00		$	0.92		$	0.82		$	0.58		$	0.82
Earnings (loss) per diluted share	$	0.58		$	0.41		$	1.00		$	0.90		$	0.81		$	0.58		$	0.81
CIEs	—			—			—			—			—			—			—
Earnings (loss) per diluted share excluding CIEs	$	0.58		$	0.41		$	1.00		$	0.90		$	0.81		$	0.58		$	0.81
GAAP Metrics
Net revenue growth	(13.8		)%	(4.6		)%	19.7		%	70.0		%	32.3		%	(13.8		)%	32.3		%
CIEs	(0.5		)%	(0.2		)%	1.2		%	6.6		%	8.2		%	(0.5		)%	8.2		%
Net revenue growth excluding CIEs	(13.3		)%	(4.4		)%	18.5		%	63.4		%	24.1		%	(13.3		)%	24.1		%
Return on equity excluding AOCI	(1.3		)%	(2.8		)%	1.5		%	8.8		%	9.3		%	(1.3		)%	9.3		%
CIEs	(6.6		)%	(6.5		)%	(3.8		)%	(0.4		)%	(0.4		)%	(6.6		)%	(0.4		)%
Return on equity excluding AOCI and CIEs	5.3		%	3.7		%	5.3		%	9.2		%	9.7		%	5.3		%	9.7		%
Earnings per diluted share growth	(29.3		)%	(55.9		)%	NM			NM			39.7		%	(29.3		)%	39.7		%
CIEs	—			—			NM			NM			—			—			—
Earnings per diluted share growth excluding CIEs	(29.3		)%	(55.9		)%	NM			NM			39.7		%	(29.3		)%	39.7		%
Pretax income (loss) margin	7.8		%	6.1		%	17.5		%	14.6		%	15.9		%	7.8		%	15.9		%
CIEs	(0.8		)%	(0.4		)%	—			1.4		%	2.9		%	(0.8		)%	2.9		%
Pretax income (loss) margin excluding CIEs	8.6		%	6.5		%	17.5		%	13.2		%	13.0		%	8.6		%	13.0		%
Net income (loss) attributable to Ameriprise Financial margin	7.6		%	5.1		%	13.4		%	10.4		%	9.4		%	7.6		%	9.4		%
CIEs	0.1		%	0.1		%	—			(0.2		)%	(0.6		)%	0.1		%	(0.6		)%
Net income (loss) attributable to Ameriprise Financial margin excluding CIEs	7.5		%	5.0		%	13.4		%	10.6		%	10.0		%	7.5		%	10.0		%
Effective tax rate	13.4		%	24.3		%	23.5		%	17.2		%	17.9		%	13.4		%	17.9		%
CIEs	1.2		%	1.5		%	—			(2.2		)%	(5.3		)%	1.2		%	(5.3		)%
Effective tax rate excluding CIEs	12.2		%	22.8		%	23.5		%	19.4		%	23.2		%	12.2		%	23.2		%
Ameriprise Financial’s shareholders’ equity	$	6,384		$	8,110		$	9,049		$	9,273		$	10,108		$	6,384		$	10,108
CIEs	—			—			—			—			482			—			482
Ameriprise Financial’s shareholders’ equity excluding CIEs	$	6,384		$	8,110		$	9,049		$	9,273		$	9,626		$	6,384		$	9,626
Ameriprise Financial’s shareholders’ equity excluding AOCI	$	7,518		$	8,498		$	8,772		$	9,010		$	9,743		$	7,518		$	9,743
CIEs	—			—			—			—			508			—			508
Ameriprise Financial’s shareholders’ equity excluding AOCI and CIEs	$	7,518		$	8,498		$	8,772		$	9,010		$	9,235		$	7,518		$	9,235
Ameriprise Financial’s shareholders’ equity excluding AOCI / outstanding share	$	33.61		$	32.79		$	33.89		$	34.80		$	37.13		$	33.61		$	37.13
CIEs	—			—			—			—			1.94			—			1.94
Ameriprise Financial’s shareholders’ equity excluding AOCI and CIEs / outstanding share	$	33.61		$	32.79		$	33.89		$	34.80		$	35.19		$	33.61		$	35.19
Ameriprise Financial’s shareholders’ equity excluding AOCI - 5 point avg.	$	7,637		$	7,763		$	7,950		$	8,214		$	8,708		$	7,637		$	8,708
CIEs	—			—			—			—			101			—			101
Ameriprise Financial’s shareholders’ equity excluding AOCI and CIEs - 5 point avg.	$	7,637		$	7,763		$	7,950		$	8,214		$	8,607		$	7,637		$	8,607

47

Ameriprise Financial, Inc.

Reconciliation of Consolidated GAAP Metrics to Operating Metrics

First Quarter 2010

	1 Qtr 2009									2 Qtr 2009									3 Qtr 2009									4 Qtr 2009									1 Qtr 2010
(in millions unless otherwise noted, unaudited)	GAAP Earnings			Less: Adjustments(1)			Operating Earnings			GAAP Earnings			Less: Adjustments(1)			Operating Earnings			GAAP Earnings			Less: Adjustments(1)			Operating Earnings			GAAP Earnings			Less: Adjustments(1)			Operating Earnings			GAAP Earnings			Less: Adjustments(1)			Operating Earnings
Revenues
Management and financial advice fees	$	554		$	—		$	554		$	606		$	(1	)	$	607		$	689		$	—		$	689		$	855		$	(1	)	$	856		$	774		$	(9	)	$	783
Distribution fees	311			—			311			351			—			351			367			—			367			391			—			391			391			—			391
Net investment income	418			16			402			511			7			504			538			13			525			535			19			516			590			84			506
Premiums	266			—			266			269			—			269			276			—			276			287			—			287			282			—			282
Other revenues	209			(12		)	221			175			(7		)	182			109			4			105			229			43			186			255			57			198
Total revenues	1,758			4			1,754			1,912			(1		)	1,913			1,979			17			1,962			2,297			61			2,236			2,292			132			2,160
Banking and deposit interest expense	42			1			41			38			1			37			33			1			32			28			3			25			21			—			21
Total net revenues	1,716			3			1,713			1,874			(2		)	1,876			1,946			16			1,930			2,269			58			2,211			2,271			132			2,139
Expenses
Distribution expenses	384			—			384			432			—			432			462			—			462			504			—			504			525			—			525
Interest credited to fixed accounts	205			—			205			237			—			237			232			—			232			229			—			229			228			—			228
Benefits, claims, losses and settlement expenses	100			—			100			587			—			587			306			—			306			349			—			349			354			—			354
Amortization of deferred acquisition costs	286			—			286			(125		)	—			(125		)	(64		)	—			(64		)	120			—			120			118			—			118
Interest and debt expense	26			—			26			28			—			28			45			—			45			28			—			28			64			40			24
General and administrative expense	581			21			560			600			25			575			625			34			591			708			25			683			621			12			609
Total expenses	1,582			21			1,561			1,759			25			1,734			1,606			34			1,572			1,938			25			1,913			1,910			52			1,858
Pretax income	134			(18		)	152			115			(27		)	142			340			(18		)	358			331			33			298			361			80			281
Income tax provision	18			(1		)	19			28			—			28			80			(6		)	86			57			(1		)	58			65			(1		)	66
Net income	116			(17		)	133			87			(27		)	114			260			(12		)	272			274			34			240			296			81			215
Less: Net income (loss) attributable to noncontrolling interests	(14		)	(14		)	—			(8		)	(15		)	7			—			—			—			37			37			—			82			82			—
Net income attributable to Ameriprise Financial	$	130		$	(3	)	$	133		$	95		$	(12	)	$	107		$	260		$	(12	)	$	272		$	237		$	(3	)	$	240		$	214		$	(1	)	$	215
Operating Metrics
Basic earnings per share	$	0.58					$	0.60		$	0.41					$	0.47		$	1.00					$	1.05		$	0.92					$	0.93		$	0.82					$	0.83
Operating earnings per diluted share	$	0.58					$	0.60		$	0.41					$	0.47		$	1.00					$	1.04		$	0.90					$	0.91		$	0.81					$	0.81
Operating earnings per diluted share growth	(29.3		)%				(32.6		)%	(55.9		)%				(53.5		)%	NM						70.5		%	NM						NM			39.7		%				35.0		%
Revenue growth	(13.8		)%				(15.1		)%	(4.6		)%				(6.0		)%	19.7		%				(1.4		)%	70.0		%				24.7		%	32.3		%				24.9		%
Return on equity excluding AOCI	(1.3		)%				5.3		%	(2.8		)%				3.7		%	1.5		%				5.3		%	8.8		%				9.2		%	9.3		%				9.7		%
Pretax margin	7.8		%				8.8		%	6.1		%				7.5		%	17.5		%				18.4		%	14.6		%				13.4		%	15.9		%				13.1		%
Operating margin	7.6		%				7.8		%	5.1		%				5.7		%	13.4		%				14.1		%	10.4		%				10.9		%	9.4		%				10.1		%

(1)Includes the elimination of management fees earned by the Company from the consolidated investment entities and the related expense, the revenues and expenses of the consolidated investment entities, net realized gains/losses and integration charges.

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Ameriprise Financial, Inc.

Reconciliation of Consolidated GAAP Metrics to Operating Metrics

First Quarter 2010

	Year-to-Date 2009									Year-to-Date 2010
(in millions unless otherwise noted, unaudited)	GAAP Earnings			Less: Adjustments(1)			Operating Earnings			GAAP Earnings			Less: Adjustments(1)			Operating Earnings
Revenues
Management and financial advice fees	$	554		$	—		$	554		$	774		$	(9	)	$	783
Distribution fees	311			—			311			391			—			391
Net investment income	418			16			402			590			84			506
Premiums	266			—			266			282			—			282
Other revenues	209			(12		)	221			255			57			198
Total revenues	1,758			4			1,754			2,292			132			2,160
Banking and deposit interest expense	42			1			41			21			—			21
Total net revenues	1,716			3			1,713			2,271			132			2,139
Expenses
Distribution expenses	384			—			384			525			—			525
Interest credited to fixed accounts	205			—			205			228			—			228
Benefits, claims, losses and settlement expenses	100			—			100			354			—			354
Amortization of deferred acquisition costs	286			—			286			118			—			118
Interest and debt expense	26			—			26			64			40			24
General and administrative expense	581			21			560			621			12			609
Total expenses	1,582			21			1,561			1,910			52			1,858
Pretax income	134			(18		)	152			361			80			281
Income tax provision	18			(1		)	19			65			(1		)	66
Net income	116			(17		)	133			296			81			215
Less: Net income (loss) attributable to noncontrolling interests	(14		)	(14		)	—			82			82			—
Net income attributable to Ameriprise Financial	$	130		$	(3	)	$	133		$	214		$	(1	)	$	215
Operating Metrics
Basic earnings per share	$	0.58					$	0.60		$	0.82					$	0.83
Operating earnings per diluted share	$	0.58					$	0.60		$	0.81					$	0.81
Operating earnings per diluted share growth	(29.3		)%				(32.6		)%	39.7		%				35.0		%
Revenue growth	(13.8		)%				(15.1		)%	32.3		%				24.9		%
Return on equity excluding AOCI	1.3		%				5.3		%	9.3		%				9.7		%
Pretax margin	7.8		%				8.8		%	15.9		%				13.1		%
Operating margin	7.6		%				7.8		%	9.4		%				10.1		%

(1)Includes the elimination of management fees earned by the Company from the consolidated investment entities and the related expense, the revenues and expenses of the consolidated investment entities, net realized gains/losses and integration charges.

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