Ameriprise Financial, Inc.

Consolidated GAAP Income Statements

Fourth Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	855		$	774		$	955		$	1,040		$	1,192		$	2,704		$	3,961		$	337		39	%	$	1,257		46	%	$	152		15	%
Distribution fees	391			391			453			415			449			1,420			1,708			58			15	%	288			20	%	34			8	%
Net investment income	535			590			654			527			542			2,002			2,313			7			1	%	311			16	%	15			3	%
Premiums	287			282			299			303			295			1,098			1,179			8			3	%	81			7	%	(8		)	(3	)%
Other revenues	229			255			236			180			214			722			885			(15		)	(7	)%	163			23	%	34			19	%
Total revenues	2,297			2,292			2,597			2,465			2,692			7,946			10,046			395			17	%	2,100			26	%	227			9	%
Banking and deposit interest expense	28			21			20			15			14			141			70			(14		)	(50	)%	(71		)	(50	)%	(1		)	(7	)%
Total net revenues	2,269			2,271			2,577			2,450			2,678			7,805			9,976			409			18	%	2,171			28	%	228			9	%

Expenses
Distribution expenses	504			525			621			611			674			1,782			2,431			170			34	%	649			36	%	63			10	%
Interest credited to fixed accounts	229			228			231			227			223			903			909			(6		)	(3	)%	6			1	%	(4		)	(2	)%
Benefits, claims, losses and settlement expenses	349			354			298			640			465			1,342			1,757			116			33	%	415			31	%	(175		)	(27	)%
Amortization of deferred acquisition costs	120			118			171			(246		)	84			217			127			(36		)	(30	)%	(90		)	(41	)%	330				#
Interest and debt expense	28			64			74			74			78			127			290			50				#	163				#	4			5	%
General and administrative expense	708			621			716			702			789			2,514			2,828			81			11	%	314			12	%	87			12	%
Total expenses	1,938			1,910			2,111			2,008			2,313			6,885			8,342			375			19	%	1,457			21	%	305			15	%

Pretax income	331			361			466			442			365			920			1,634			34			10	%	714			78	%	(77		)	(17	)%
Income tax provision	57			65			68			130			86			183			349			29			51	%	166			91	%	(44		)	(34	)%
Net income	274			296			398			312			279			737			1,285			5			2	%	548			74	%	(33		)	(11	)%
Less: Net income (loss) attributable to noncontrolling interests	37			82			139			(32		)	(26		)	15			163			(63		)		#	148				#	6			19	%
Net income attributable to Ameriprise Financial	$	237		$	214		$	259		$	344		$	305		$	722		$	1,122		$	68		29	%	$	400		55	%	$	(39	)	(11	)%

Earnings Per Share
Basic earnings per share	$	0.92		$	0.82		$	0.99		$	1.35		$	1.21		$	2.98		$	4.36		$	0.29		32	%	$	1.38		46	%	$	(0.14	)	(10	)%
Earnings per diluted share	$	0.90		$	0.81		$	0.98		$	1.32		$	1.18		$	2.95		$	4.28		$	0.28		31	%	$	1.33		45	%	$	(0.14	)	(11	)%

GAAP Metrics
Net revenue growth	70.0		%	32.3		%	37.5		%	25.9		%	18.0		%	12.8		%	27.8		%	(52.0		)%			15.0		%			(7.9		)%
Return on equity excluding AOCI (3)	8.8		%	9.3		%	10.6		%	11.1		%	11.5		%	8.8		%	11.5		%	2.7		%			2.7		%			0.4		%
Earnings per diluted share growth	NM			39.7		%	139.0		%	32.0		%	31.1		%	NM			45.1		%	NM					NM					(0.9		)%
Pretax income margin	14.6		%	15.9		%	18.1		%	18.0		%	13.6		%	11.8		%	16.4		%	(1.0		)%			4.6		%			(4.4		)%
Net income attributable to Ameriprise Financial margin	10.4		%	9.4		%	10.1		%	14.0		%	11.4		%	9.3		%	11.2		%	1.0		%			1.9		%			(2.6		)%

Effective tax rate	17.2		%	17.9		%	14.6		%	29.6		%	23.7		%	19.9		%	21.4		%	6.5		%			1.5		%			(5.9		)%

Ameriprise Financial shareholders’ equity	$	9,269		$	10,104		$	10,498		$	10,950		$	10,750		$	9,269		$	10,750		$	1,481		16	%	$	1,481		16	%	$	(200	)	(2	)%
Ameriprise Financial shareholders’ equity excluding AOCI (1)	$	9,004		$	9,737		$	9,891		$	10,053		$	10,185		$	9,004		$	10,185		$	1,181		13	%	$	1,181		13	%	$	132		1	%
Ameriprise Financial shareholders’ equity excluding AOCI / outstanding shares (2)	$	34.78		$	37.11		$	38.49		$	39.63		$	40.46		$	34.78		$	40.46		$	5.68		16	%	$	5.68		16	%	$	0.83		2	%

Ameriprise Financial shareholders’ equity excluding AOCI - 5 point avg.	$	8,208		$	8,702		$	9,178		$	9,490		$	9,774		$	8,208		$	9,774		$	1,566		19	%	$	1,566		19	%	$	284		3	%

(1) See non-GAAP financial information on pg 37.

(2) Calculated as Ameriprise Financial shareholders’ equity excluding AOCI divided by common shares outstanding plus common stock equivalents outstanding at period end.

(3) Calculated using net income for the last twelve months in the numerator and the average Ameriprise Financial shareholders’ equity excluding AOCI as of the last day of the trailing four quarters and current quarter in the denominator.

# Variance of 100% or greater.

NM Not Meaningful

Ameriprise Financial, Inc.

Consolidated Investment Entities Income Statements

Fourth Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	(1	)	$	(9	)	$	(10	)	$	(9	)	$	(10	)	$	(2	)	$	(38	)	$	(9	)		#	$	(36	)		#	$	(1	)	(11	)%
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	1			79			155			17			24			2			275			23				#	273				#	7			41	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	43			57			46			9			13			28			125			(30		)	(70	)%	97				#	4			44	%
Total revenues	43			127			191			17			27			28			362			(16		)	(37	)%	334				#	10			59	%
Banking and deposit interest expense	3			—			—			—			—			6			—			(3		)		#	(6		)		#	—			—
Total net revenues	40			127			191			17			27			22			362			(13		)	(33	)%	340				#	10			59	%

Expenses
Distribution expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			40			45			45			51			—			181			51			—		181			—		6			13	%
General and administrative expense	3			5			7			4			2			7			18			(1		)	(33	)%	11				#	(2		)	(50	)%
Total expenses	3			45			52			49			53			7			199			50				#	192				#	4			8	%

Pretax income (loss)	37			82			139			(32		)	(26		)	15			163			(63		)		#	148				#	6			19	%
Income tax provision	—			—			—			—			—			—			—			—			—		—			—		—			—
Net income (loss)	37			82			139			(32		)	(26		)	15			163			(63		)		#	148				#	6			19	%
Less: Net income (loss) attributable to noncontrolling interests	37			82			139			(32		)	(26		)	15			163			(63		)		#	148				#	6			19	%
Net income (loss) attributable to Ameriprise Financial	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—

Earnings (Loss) Per Share - Consolidated Investment Entities
Basic earnings (loss) per share	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Earnings (loss) per diluted share	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—

Consolidated Investment Entities Metrics
Net revenue growth	6.5		%	8.2		%	10.7		%	0.7		%	(0.9		)%	1.1		%	4.3		%	(7.4		)%			3.2		%			(1.6		)%
Return on equity excluding AOCI (3)	—			(0.1		)%	(0.2		)%	(0.4		)%	(0.5		)%	—			(0.5		)%	(0.5		)%			(0.5		)%			(0.1		)%
Earnings per diluted share growth	—			—			—			—			—			—			—			—					—					—
Pretax income (loss) margin	1.4		%	2.9		%	4.4		%	(1.5		)%	(1.1		)%	0.2		%	1.1		%	(2.5		)%			0.9		%			0.4		%
Net income (loss) attributable to Ameriprise Financial margin	(0.2		)%	(0.6		)%	(0.8		)%	(0.1		)%	(0.1		)%	—			(0.5		)%	0.1		%			(0.5		)%			(0.0		)%

Shareholders’ equity	$	—		$	482		$	596		$	561		$	529		$	—		$	529		$	529		—		$	529		—		$	(32	)	(6	)%
Shareholders’ equity excluding AOCI (1)	$	—		$	508		$	620		$	590		$	558		$	—		$	558		$	558		—		$	558		—		$	(32	)	(5	)%
Shareholders’ equity excluding AOCI / outstanding shares(2)	$	—		$	1.94		$	2.42		$	2.33		$	2.21		$	—		$	2.21		$	2.21		—		$	2.21		—		$	(0.12	)	(5	)%

Shareholders’ equity excluding AOCI - 5 point ave.	$	—		$	101		$	226		$	343		$	455		$	—		$	455		$	455		—		$	455		—		$	112		33	%

(1) See non-GAAP financial information on pg 37.

(2) Represents the difference between consolidated shareholders’ equity excluding AOCI divided by outstanding shares and consolidated shareholders’ equity excluding CIEs and AOCI divided by outstanding shares.

(3) Calculated using net income (loss) for the last twelve months in the numerator and the average shareholders’ equity excluding AOCI as of the last day of the trailing four quarters and current quarter in the denominator.

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Consolidated GAAP Income Statements Excluding Consolidated Investment Entities

Fourth Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	856		$	783		$	965		$	1,049		$	1,202		$	2,706		$	3,999		$	346		40	%	$	1,293		48	%	$	153		15	%
Distribution fees	391			391			453			415			449			1,420			1,708			58			15	%	288			20	%	34			8	%
Net investment income	534			511			499			510			518			2,000			2,038			(16		)	(3	)%	38			2	%	8			2	%
Premiums	287			282			299			303			295			1,098			1,179			8			3	%	81			7	%	(8		)	(3	)%
Other revenues	186			198			190			171			201			694			760			15			8	%	66			10	%	30			18	%
Total revenues	2,254			2,165			2,406			2,448			2,665			7,918			9,684			411			18	%	1,766			22	%	217			9	%
Banking and deposit interest expense	25			21			20			15			14			135			70			(11		)	(44	)%	(65		)	(48	)%	(1		)	(7	)%
Total net revenues	2,229			2,144			2,386			2,433			2,651			7,783			9,614			422			19	%	1,831			24	%	218			9	%

Expenses
Distribution expenses	504			525			621			611			674			1,782			2,431			170			34	%	649			36	%	63			10	%
Interest credited to fixed accounts	229			228			231			227			223			903			909			(6		)	(3	)%	6			1	%	(4		)	(2	)%
Benefits, claims, losses and settlement expenses	349			354			298			640			465			1,342			1,757			116			33	%	415			31	%	(175		)	(27	)%
Amortization of deferred acquisition costs	120			118			171			(246		)	84			217			127			(36		)	(30	)%	(90		)	(41	)%	330				#
Interest and debt expense	28			24			29			29			27			127			109			(1		)	(4	)%	(18		)	(14	)%	(2		)	(7	)%
General and administrative expense	705			616			709			698			787			2,507			2,810			82			12	%	303			12	%	89			13	%
Total expenses	1,935			1,865			2,059			1,959			2,260			6,878			8,143			325			17	%	1,265			18	%	301			15	%

Pretax income	294			279			327			474			391			905			1,471			97			33	%	566			63	%	(83		)	(18	)%
Income tax provision	57			65			68			130			86			183			349			29			51	%	166			91	%	(44		)	(34	)%
Net income	237			214			259			344			305			722			1,122			68			29	%	400			55	%	(39		)	(11	)%
Less: Net income (loss) attributable to noncontrolling interests	—			—			—			—			—			—			—			—			—		—			—		—			—
Net income attributable to Ameriprise Financial	237			214			259			344			305			722			1,122			68			29	%	400			55	%	(39		)	(11	)%
Integration/restructuring charges net of tax (1) (2)	15			4			37			12			20			64			73			5			33	%	9			14	%	8			67	%
Realized (gains) losses net of tax (1) (2)	(12		)	(3		)	(5		)	(1		)	(13		)	(34		)	(22		)	(1		)	(8	)%	12			35	%	(12		)		#
Operating earnings (1)	$	240		$	215		$	291		$	355		$	312		$	752		$	1,173		$	72		30	%	$	421		56	%	$	(43	)	(12	)%

Operating Revenues Reconciliation
Total net revenues	$	2,229		$	2,144		$	2,386		$	2,433		$	2,651		$	7,783		$	9,614		$	422		19	%	$	1,831		24	%	$	218		9	%
Realized (gains) losses	(18		)	(5		)	(7		)	(2		)	(19		)	(53		)	(33		)	(1		)	(6	)%	20			38	%	(17		)		#
Operating total net revenues (1)	$	2,211		$	2,139		$	2,379		$	2,431		$	2,632		$	7,730		$	9,581		$	421		19	%	$	1,851		24	%	$	201		8	%

Pretax Operating Income Reconciliation
Pretax Income	$	294		$	279		$	327		$	474		$	391		$	905		$	1,471		$	97		33	%	$	566		63	%	$	(83	)	(18	)%
Integration/restructuring charges	22			7			57			19			28			98			111			6			27	%	13			13	%	9			47	%
Realized (gains) losses	(18		)	(5		)	(7		)	(2		)	(19		)	(53		)	(33		)	(1		)	(6	)%	20			38	%	(17		)		#
Pretax operating earnings (1)	$	298		$	281		$	377		$	491		$	400		$	950		$	1,549		$	102		34	%	$	599		63	%	$	(91	)	(19	)%

Effective tax rate	19.4		%	23.2		%	20.8		%	27.6		%	22.1		%	20.2		%	23.7		%	2.7		%			3.5		%			(5.5		)%

Operating Earnings Per Share
Basic operating earnings per share (1)	$	0.93		$	0.83		$	1.11		$	1.39		$	1.23		$	3.10		$	4.56		$	0.30		32	%	$	1.46		47	%	$	(0.16	)	(12	)%
Operating earnings per diluted share (1)	$	0.91		$	0.81		$	1.10		$	1.37		$	1.21		$	3.08		$	4.47		$	0.30		33	%	$	1.39		45	%	$	(0.16	)	(12	)%

Operating Metrics
Operating total net revenue growth: Target 6 - 8% (1)	24.8		%	24.9		%	26.8		%	26.0		%	19.0		%	(0.2		)%	23.9		%	(5.8		)%			24.1		%			(7.0		)%

Operating return on equity excluding CIEs and AOCI: Target 12 - 15% (4)	9.2		%	9.7		%	11.4		%	12.0		%	12.6		%	9.2		%	12.6		%	3.4		%			3.4		%			0.6		%
Operating earnings per diluted share growth: Target 12 -15% (1)	NM			35.0		%	134.0		%	31.7		%	33.0		%	32.8		%	45.1		%	NM					12.4		%			1.2		%

Pretax operating margin (1)	13.5		%	13.1		%	15.8		%	20.2		%	15.2		%	12.3		%	16.2		%	1.7		%			3.9		%			(5.0		)%
Operating margin (1)	10.9		%	10.1		%	12.2		%	14.6		%	11.9		%	9.7		%	12.2		%	1.0		%			2.5		%			(2.7		)%

Ameriprise Financial shareholders’ equity	$	9,269		$	9,622		$	9,902		$	10,389		$	10,221		$	9,269		$	10,221		$	952		10	%	$	952		10	%	$	(168	)	(2	)%
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI (1)	$	9,004		$	9,229		$	9,271		$	9,463		$	9,627		$	9,004		$	9,627		$	623		7	%	$	623		7	%	$	164		2	%
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI / outstanding shares (3)	$	34.78		$	35.17		$	36.07		$	37.30		$	38.25		$	34.78		$	38.25		$	3.47		10	%	$	3.47		10	%	$	0.95		3	%

Ameriprise Financial shareholders’ equity excluding CIEs and AOCI - 5 point avg.	$	8,208		$	8,601		$	8,952		$	9,147		$	9,319		$	8,208		$	9,319		$	1,111		14	%	$	1,111		14	%	$	172		2	%

(1) See non-GAAP financial information on pg 37.

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

(3) Calculated as Ameriprise Financial shareholders’ equity excluding CIEs and AOCI divided by common shares outstanding plus common stock equivalents outstanding at period end.

(4) Calculated using operating earnings for the last twelve months in the numerator and the average Ameriprise Financial shareholders’ equity excluding CIEs and AOCI as of the last day of the trailing four quarters and current quarter in the denominator.

# Variance of 100% or greater.

NM Not Meaningful

Ameriprise Financial, Inc.

Highlights

Fourth Quarter 2010

																						Prior Year Comparisons
(in millions, except earnings per share amounts,																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
headcount and as otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Operating Earnings Per Share
Basic operating earnings per share(1)	$	0.93		$	0.83		$	1.11		$	1.39		$	1.23		$	3.10		$	4.56		$	0.30		32	%	$	1.46		47	%	$	(0.16	)	(12	)%
Operating earnings per diluted share(1)	$	0.91		$	0.81		$	1.10		$	1.37		$	1.21		$	3.08		$	4.47		$	0.30		33	%	$	1.39		45	%	$	(0.16	)	(12	)%
Operating earnings per diluted share growth: Target 12 - 15%(1)	NM			35.0		%	134.0		%	31.7		%	33.0		%	32.8		%	45.1		%	NM					12.4		%			1.2		%

Operating Metrics
Operating total net revenue growth: Target 6 - 8%(1)	24.8		%	24.9		%	26.8		%	26.0		%	19.0		%	(0.2		)%	23.9		%	(5.8		)%			24.1		%			(7.0		)%
Operating return on equity excluding CIEs and AOCI: Target 12 - 15%(2)	9.2		%	9.7		%	11.4		%	12.0		%	12.6		%	9.2		%	12.6		%	3.4		%			3.4		%			0.6		%

Owned, Managed, and Administered Assets (in billions)
Owned	$	36.9		$	37.6		$	20.2		$	22.0		$	22.1		$	36.9		$	22.1		$	(14.8	)	(40	)%	$	(14.8	)	(40	)%	$	0.1		0	%
Managed
External clients	256.6			254.5			398.8			430.8			445.8			256.6			445.8			189.2			74	%	189.2			74	%	15.0			3	%
Owned	68.1			70.4			86.1			91.9			93.7			68.1			93.7			25.6			38	%	25.6			38	%	1.8			2	%
Consolidated client assets	1.1			6.9			6.8			6.7			6.9			1.1			6.9			5.8				#	5.8				#	0.2			3	%
Total managed	325.8			331.8			491.7			529.4			546.4			325.8			546.4			220.6			68	%	220.6			68	%	17.0			3	%
Administered	95.1			93.9			88.4			97.7			104.2			95.1			104.2			9.1			10	%	9.1			10	%	6.5			7	%
Total OMA assets	$	457.8		$	463.3		$	600.3		$	649.1		$	672.7		$	457.8		$	672.7		$	214.9		47	%	$	214.9		47	%	$	23.6		4	%

Business Metrics
Total client assets	$	294,027		$	303,839		$	290,163		$	312,581		$	329,264		$	294,027		$	329,264		$	35,237		12	%	$	35,237		12	%	$	16,683		5	%
Total financial advisors	12,036			11,837			11,684			11,608			11,482			12,036			11,482			(554		)	(5	)%	(554		)	(5	)%	(126		)	(1	)%

Net flows and net deposits
Advisor wrap	$	2,564		$	2,512		$	2,245		$	1,789		$	1,965		$	9,348		$	8,511		$	(599	)	(23	)%	$	(837	)	(9	)%	$	176		10	%
Asset Management	1,385			(834		)	(5,696		)	(2,091		)	(6,476		)	3,607			(15,097		)	(7,861		)		#	(18,704		)		#	(4,385		)		#
Annuities	255			(68		)	9			325			177			3,690			443			(78		)	(31	)%	(3,247		)	(88	)%	(148		)	(46	)%
Variable universal life / Universal life	(34		)	(41		)	(36		)	(51		)	(45		)	(135		)	(173		)	(11		)	(32	)%	(38		)	(28	)%	6			12	%

S&P 500
Daily average	1,088			1,121			1,134			1,094			1,205			948			1,139			117			11	%	191			20	%	111			10	%
Period end	1,115			1,169			1,031			1,141			1,258			1,115			1,258			143			13	%	143			13	%	117			10	%

(1) See non-GAAP financial information on pg 37.

(2) Calculated using operating earnings for the last twelve months in the numerator and the average Ameriprise Financial shareholders’ equity excluding CIEs and AOCI as of the last day of the trailing four quarters and current quarter in the denominator.

# Variance of 100% or greater.

NM Not Meaningful

Ameriprise Financial, Inc.

Common Share, Per Share and Capital Summary

Fourth Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except earnings per share amounts)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Basic Shares
Common shares
Beginning balance	255.1			255.1			257.4			252.0			248.7			216.5			255.1			(6.4		)	(3	)%	38.6			18	%	(3.3		)	(1	)%
Repurchases	—			—			(5.7		)	(3.6		)	(3.8		)	—			(13.1		)	(3.8		)	—		(13.1		)	—		(0.2		)	(6	)%
Issuances	0.1			2.7			0.4			0.4			2.0			39.4			5.5			1.9				#	(33.9		)	(86	)%	1.6				#
Other	(0.1		)	(0.4		)	(0.1		)	(0.1		)	(0.2		)	(0.8		)	(0.8		)	(0.1		)		#	—			—		(0.1		)		#
Total common outstanding	255.1			257.4			252.0			248.7			246.7			255.1			246.7			(8.4		)	(3	)%	(8.4		)	(3	)%	(2.0		)	(1	)%

Total common outstanding	255.1			257.4			252.0			248.7			246.7			255.1			246.7			(8.4		)	(3	)%	(8.4		)	(3	)%	(2.0		)	(1	)%
Nonforfeitable restricted stock units	3.8			5.0			5.0			5.0			5.0			3.8			5.0			1.2			32	%	1.2			32	%	—			—
Total basic common shares	258.9			262.4			257.0			253.7			251.7			258.9			251.7			(7.2		)	(3	)%	(7.2		)	(3	)%	(2.0		)	(1	)%
Total potentially dilutive	4.8			4.0			3.7			5.4			6.4			4.8			6.4			1.6			33	%	1.6			33	%	1.0			19	%
Total diluted shares	263.7			266.4			260.7			259.1			258.1			263.7			258.1			(5.6		)	(2	)%	(5.6		)	(2	)%	(1.0		)	—

Weighted average common shares outstanding:
Basic	258.9			260.8			261.1			255.3			252.7			242.2			257.4			(6.2		)	(2	)%	15.2			6	%	(2.6		)	(1	)%
Diluted	263.3			265.0			265.3			259.9			258.9			244.4			262.3			(4.4		)	(2	)%	17.9			7	%	(1.0		)	—

Book Value excluding CIEs
Ameriprise Financial shareholders’ equity excluding CIEs (1)	$	9,269		$	9,622		$	9,902		$	10,389		$	10,221		$	9,269		$	10,221		$	952		10	%	$	952		10	%	$	(168	)	(2	)%
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI (1)	$	9,004		$	9,229		$	9,271		$	9,463		$	9,627		$	9,004		$	9,627		$	623		7	%	$	623		7	%	$	164		2	%
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI - 5 point ave.	$	8,208		$	8,601		$	8,952		$	9,147		$	9,319		$	8,208		$	9,319		$	1,111		14	%	$	1,111		14	%	$	172		2	%
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI / outstanding shares (2)	$	34.78		$	35.17		$	36.07		$	37.30		$	38.25		$	34.78		$	38.25		$	3.47		10	%	$	3.47		10	%	$	0.95		3	%

Capital Returned to Shareholders
Dividends paid	$	46		$	45		$	47		$	46		$	45		$	164		$	183		$	(1	)	(2	)%	$	19		12	%	$	(1	)	(2	)%
Common stock share repurchases	$	—		$	—		$	220		$	153		$	200		$	—		$	573		$	200		—		$	573		—		$	47		31	%

Debt to Capital
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	16.8		%	20.5		%	20.4		%	20.0		%	17.7		%	16.8		%	17.7		%	0.9		%			0.9		%			(2.3		)%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, non-recourse debt for inverse floaters and equity of CIEs (1)	16.7		%	21.4		%	20.9		%	20.1		%	18.1		%	16.7		%	18.1		%	1.4		%			1.4		%			(2.0		)%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, non-recourse debt for inverse floaters and equity of CIEs and 75% equity credit (1)	14.6		%	19.4		%	18.9		%	18.2		%	16.2		%	14.6		%	16.2		%	1.6		%			1.6		%			(2.0		)%

Goodwill and intangible assets (4)	$	1,429		$	1,393		$	2,258		$	2,263		$	2,240		$	1,429		$	2,240		$	811		57	%	$	811		57	%	$	(23	)	(1	)%

Net Investment Income
Investment income on fixed maturities	$	499		$	481		$	479		$	480		$	481		$	1,879		$	1,921		$	(18	)	(4	)%	$	42		2	%	$	1		0	%
Realized gains (losses)	18			5			7			2			19			53			33			1			6	%	(20		)	(38	)%	17				#
Affordable housing	(5		)	(3		)	(5		)	(4		)	(8		)	(25		)	(20		)	(3		)	(60	)%	5			20	%	(4		)		#
Other (including seed money)	22			28			18			32			26			93			104			4			18	%	11			12	%	(6		)	(19	)%
Consolidated investment entities	1			79			155			17			24			2			275			23				#	273				#	7			41	%
Total net investment income	$	535		$	590		$	654		$	527		$	542		$	2,002		$	2,313		$	7		1	%	$	311		16	%	$	15		3	%

Allocated Equity (3)
Advice & Wealth Management	$	747		$	759		$	752		$	754		$	769		$	747		$	769		$	22		3	%	$	22		3	%	$	15		2	%
Asset Management	1,054			1,044			1,947			1,919			1,924			1,054			1,924			870			83	%	870			83	%	5			0	%
Annuities	2,459			2,317			2,395			2,539			2,582			2,459			2,582			123			5	%	123			5	%	43			2	%
Protection	2,540			2,560			2,654			2,668			2,596			2,540			2,596			56			2	%	56			2	%	(72		)	(3	)%
Corporate & Other	2,204			2,549			1,523			1,583			1,756			2,204			1,756			(448		)	(20	)%	(448		)	(20	)%	173			11	%
Total allocated equity	$	9,004		$	9,229		$	9,271		$	9,463		$	9,627		$	9,004		$	9,627		$	623		7	%	$	623		7	%	$	164		2	%

(1) See non-GAAP financial information on pg 37.

(2) Calculated as Ameriprise Financial shareholders’ equity excluding CIEs and AOCI divided by common shares outstanding plus common stock equivalents outstanding at period end.

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

(4) Restated Q2 2010 and Q3 2010 due to Columbia Management purchase price adjustment resulting in a $31M decrease to goodwill.

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Segment Summary

Fourth Quarter 2010


																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Segment Summary
Advice & Wealth management
Net Revenues	$	873		$	879		$	969		$	946		$	1,016		$	3,216		$	3,810		$	143		16	%	$	594		18	%	$	70		7	%
Expenses	855			828			884			859			925			3,250			3,496			70			8	%	246			8	%	66			8	%
Pretax segment income (loss)	18			51			85			87			91			(34		)	314			73				#	348				#	4			5	%
Integration/restructuring charges (1)	15			2			4			1			—			64			7			(15		)		#	(57		)	(89	)%	(1		)		#
Realized (gains) losses	2			1			(1		)	—			(1		)	15			(1		)	(3		)		#	(16		)		#	(1		)	—
Pretax operating earnings (2)	$	35		$	54		$	88		$	88		$	90		$	45		$	320		$	55			#	$	275			#	$	2		2	%
Allocated Equity	747			759			752			754			769			747			769			22			3	%	22			3	%	15			2	%

Pretax segment margin	2.1		%	5.8		%	8.8		%	9.2		%	9.0		%	(1.1		)%	8.2		%	6.9		%			9.3		%			(0.2		)%
Pretax operating margin (2)	4.0		%	6.1		%	9.1		%	9.3		%	8.9		%	1.4		%	8.4		%	4.9		%			7.0		%			(0.4		)%

Return on allocated equity (3)	(4.0		)%	7.7		%	16.8		%	24.2		%	31.8		%	(4.0		)%	31.8		%	35.8		%			35.8		%			7.6		%
Operating return on allocated equity (3)	2.4		%	12.6		%	20.1		%	26.3		%	32.3		%	2.4		%	32.3		%	29.9		%			29.9		%			6.0		%

Asset Management
Net Revenues	$	465		$	370		$	562		$	662		$	774		$	1,346		$	2,368		$	309		66	%	$	1,022		76	%	$112			17	%
Expenses	395			352			506			558			634			1,286			2,050			239			61	%	764			59	%	76			14	%
Pretax segment income (loss)	70			18			56			104			140			60			318			70				#	258				#	36			35	%
Integration/restructuring charges (4)	7			5			48			18			24			30			95			17				#	65				#	6			33	%
Realized (gains) losses	—			(1		)	—			(1		)	(1		)	3			(3		)	(1		)	—		(6		)		#	—			—
Pretax operating earnings (2)	$77			$22			$104			$121			$163			$93			$410			$86				#	$317				#	$42			35	%
Allocated Equity	1,054			1,044			1,947			1,919			1,924			1,054			1,924			870			83	%	870			83	%	5			—

Pretax segment margin	15.1		%	4.9		%	10.0		%	15.7		%	18.1		%	4.5		%	13.4		%	3.0		%			8.9		%			2.4		%
Pretax operating margin (2)	16.6		%	6.0		%	18.5		%	18.3		%	21.1		%	6.9		%	17.3		%	4.5		%			10.4		%			2.8		%

Return on allocated equity (3)	4.4		%	6.5		%	9.9		%	13.5		%	15.4		%	4.4		%	15.4		%	11.0		%			11.0		%			1.9		%
Operating return on allocated equity (3)	6.4		%	8.2		%	13.4		%	17.0		%	19.2		%	6.4		%	19.2		%	12.8		%			12.8		%			2.2		%

(1) Integration charges incurred for acquisition of HRBFA.

(2) See non-GAAP financial information on pg 37.

(3) Calculated using net income or operating earnings subject to the effective tax rate excluding CIEs for the last twelve months in the numerator and the average allocated equity as of the last day of the trailing four quarters and current quarter in the denominator.

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

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Segment Summary

Fourth Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Annuities
Net Revenues	$	620		$	602		$	630		$	626		$	642		$	2,265		$	2,500		$	22		4	%	$	235		10	%	$	16		3	%
Expenses	463			482			497			362			511			1,617			1,852			48			10	%	235			15	%	149			41	%
Pretax segment income	157			120			133			264			131			648			648			(26		)	(17	)%	—			—		(133		)	(50	)%
Realized (gains) losses	(16		)	(3		)	(4		)	1			(3		)	(44		)	(9		)	13			81	%	35			80	%	(4		)		#
Pretax operating earnings (2)	$	141		$	117		$	129		$	265		$	128		$	604		$	639		$	(13	)	(9	)%	$	35		6	%	$	(137	)	(52	)%
Allocated Equity	2,459			2,317			2,395			2,539			2,582			2,459			2,582			123			5	%	123			5	%	43			2	%

Pretax segment margin	25.3		%	19.9		%	21.1		%	42.2		%	20.4		%	28.6		%	25.9		%	(4.9		)%			(2.7		)%			(21.8		)%
Pretax operating margin (2)	23.3		%	19.5		%	20.6		%	42.3		%	20.0		%	27.2		%	25.7		%	(3.3		)%			(1.5		)%			(22.3		)%

Return on allocated equity (3)	20.9		%	20.7		%	22.8		%	21.4		%	20.0		%	20.9		%	20.0		%	(0.9		)%			(0.9		)%			(1.4		)%
Operating return on allocated equity (3)	19.7		%	20.0		%	22.2		%	20.8		%	19.7		%	19.7		%	19.7		%	—					—					(1.1		)%

Protection
Net Revenues	$	528		$	507		$	521		$	502		$	525		$	1,971		$	2,055		$	(3	)	(1	)%	$	84		4	%	$	23		5	%
Expenses	399			388			386			437			440			1,475			1,651			41			10	%	176			12	%	3			1	%
Pretax segment income	129			119			135			65			85			496			404			(44		)	(34	)%	(92		)	(19	)%	20			31	%
Realized (gains) losses	(13		)	(1		)	(1		)	—			1			(27		)	(1		)	14				#	26			96	%	1			—
Pretax operating earnings (2)	$	116		$	118		$	134		$	65		$	86		$	469		$	403		$	(30	)	(26	)%	$	(66	)	(14	)%	$	21		32	%
Allocated Equity	2,540			2,560			2,654			2,668			2,596			2,540			2,596			56			2	%	56			2	%	(72		)	(3	)%

Pretax segment margin	24.4		%	23.5		%	25.9		%	12.9		%	16.2		%	25.2		%	19.7		%	(8.2		)%			(5.5		)%			3.3		%
Pretax operating margin (2)	22.5		%	23.3		%	25.8		%	12.9		%	16.3		%	24.1		%	19.6		%	(6.2		)%			(4.5		)%			3.4		%

Return on allocated equity (3)	16.3		%	15.8		%	16.3		%	13.6		%	12.0		%	16.3		%	12.0		%	(4.3		)%			(4.3		)%			(1.6		)%
Operating return on allocated equity (3)	15.6		%	15.2		%	15.7		%	13.2		%	11.9		%	15.6		%	11.9		%	(3.7		)%			(3.7		)%			(1.3		)%

Corporate & Other excluding CIEs
Net Revenues	$	(11	)	$	21		$	(13	)	$	6		$	9		$	2		$	23		$	20			#	$	21			#	$	3		50	%
Expenses	69			50			69			52			65			267			236			(4		)	(6	)%	(31		)	(12	)%	13			25	%
Pretax segment (loss)	(80		)	(29		)	(82		)	(46		)	(56		)	(265		)	(213		)	24			30	%	52			20	%	(10		)	(22	)%
Integration/restructuring charges (1)	—			—			5			—			4			4			9			4			—		5				#	4			—
Realized (gains) losses	9			(1		)	(1		)	(2		)	(15		)	—			(19		)	(24		)		#	(19		)	—		(13		)		#
Pretax operating (loss) (2)	$	(71	)	$	(30	)	$	(78	)	$	(48	)	$	(67	)	$	(261	)	$	(223	)	$	4		6	%	$	38		15	%	$	(19	)	(40	)%
Allocated Equity	2,204			2,549			1,523			1,583			1,756			2,204			1,756			(448		)	(20	)%	(448		)	(20	)%	173			11	%

(1) Integration charges incurred for acquisition of Columbia as well as severance and related expenses from discontinuing new sales of RiverSource variable annuities through non-Ameriprise distribution channels.

(2) See non-GAAP financial information on pg 37.

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Fourth Quarter 2010


																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except headcount and where noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	352		$	368		$	382		$	377		$	420		$	1,234		$	1,547		$	68		19	%	$	313		25	%	$	43		11	%
Distribution fees	447			436			511			495			518			1,733			1,960			71			16	%	227			13	%	23			5	%
Net investment income	73			74			70			68			65			297			277			(8		)	(11	)%	(20		)	(7	)%	(3		)	(4	)%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	26			22			23			21			27			85			93			1			4	%	8			9	%	6			29	%
Total revenues	898			900			986			961			1,030			3,349			3,877			132			15	%	528			16	%	69			7	%
Banking and deposit interest expense	25			21			17			15			14			133			67			(11		)	(44	)%	(66		)	(50	)%	(1		)	(7	)%
Total net revenues	873			879			969			946			1,016			3,216			3,810			143			16	%	594			18	%	70			7	%

Expenses
Distribution expenses (4)	524			536			588			570			629			1,968			2,323			105			20	%	355			18	%	59			10	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense (4)	331			292			296			289			296			1,282			1,173			(35		)	(11	)%	(109		)	(9	)%	7			2	%
Total expenses	855			828			884			859			925			3,250			3,496			70			8	%	246			8	%	66			8	%
Pretax segment income (loss)	18			51			85			87			91			(34		)	314			73				#	348				#	4			5	%
Integration/restructuring charges included in general and admin expense (1)	15			2			4			1			—			64			7			(15		)		#	(57		)	(89	)%	(1		)		#
Realized (gains) losses included in net investment income	2			1			(1		)	—			(1		)	15			(1		)	(3		)		#	(16		)		#	(1		)	—
Pretax operating earnings (2)	$	35		$	54		$	88		$	88		$	90		$	45		$	320		$	55			#	$	275			#	$	2		2	%

Margins
Pretax segment margin	2.1		%	5.8		%	8.8		%	9.2		%	9.0		%	(1.1		)%	8.2		%	6.9		%			9.3		%			(0.2		)%
Pretax operating margin (2)	4.0		%	6.1		%	9.1		%	9.3		%	8.9		%	1.4		%	8.4		%	4.9		%			7.0		%			(0.4		)%

Return on Equity
Allocated equity	$	747		$	759		$	752		$	754		$	769		$	747		$	769		$	22		3	%	$	22		3	%	$	15		2	%
Return on allocated equity (3)	(4.0		)%	7.7		%	16.8		%	24.2		%	31.8		%	(4.0		)%	31.8		%	35.8		%			35.8		%			7.6		%
Operating return on allocated equity (3)	2.4		%	12.6		%	20.1		%	26.3		%	32.3		%	2.4		%	32.3		%	29.9		%			29.9		%			6.0		%

Net Investment Income
Investment income on fixed maturities	$	68		$	59		$	54		$	51		$	49		$	277		$	213		$	(19	)	(28	)%	$	(64	)	(23	)%	$	(2	)	(4	)%
Realized gains (losses)	(2		)	(1		)	1			—			1			(15		)	1			3				#	16				#	1			—
Other (including seed money)	7			16			15			17			15			35			63			8				#	28			80	%	(2		)	(12	)%
Total net investment income	$	73		$	74		$	70		$	68		$	65		$	297		$	277		$	(8	)	(11	)%	$	(20	)	(7	)%	$	(3	)	(4	)%

On-balance sheet deposits	$	8,489		$	8,501		$	8,263		$	8,257		$	8,489		$	8,489		$	8,489		$	—		0	%	$	—		—		$	232		3	%

(1) Integration charges incurred for acquisition of HRBFA.

(2) See non-GAAP financial information on pg 37.

(4) In the 4th quarter of 2010 a year-to-date adjustment was made to reclass $9M of compensation from general and administrative expense to distribution expense.

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Fourth Quarter 2010


																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except headcount and where noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Product Information
Certificates and Banking - Combined
Pretax operating earnings	$	29		$	25		$	24		$	23		$	27		$	89		$	99		$	(2	)	(7	)%	$	10		11	%	$	4		17	%
Allocated equity	$	443		$	456		$	445		$	451		$	463		$	443		$	463		$	20		5	%	$	20		5	%	$	12		3	%
Operating return on allocated equity (2)	14.0		%	18.1		%	18.4		%	17.1		%	16.8		%	14.0		%	16.8		%	2.8		%			2.8		%			(0.3		)%

Wealth Management & Distribution
Pretax operating earnings (loss)	$	6		$	29		$	64		$	65		$	63		$	(44	)	$	221		$	57			#	$	265			#	$	(2	)	(3	)%
Allocated equity	$	304		$	303		$	307		$	303		$	306		$	304		$	306		$	2		1	%	$	2		1	%	$	3		1	%
Operating return on allocated equity (2)	(13.9		)%	3.9		%	22.7		%	40.0		%	55.2		%	(13.9		)%	55.2		%	69.1		%			69.1		%			15.2		%

Financial Plans
Branded financial plan net cash sales	$	58		$	52		$	51		$	48		$	57		$	204		$	208		$	(1	)	(2	)%	$	4		2	%	$	9		19	%

Financial Advisors
Employee advisors	2,445			2,302			2,196			2,183			2,168			2,445			2,168			(277		)	(11	)%	(277		)	(11	)%	(15		)	(1	)%
Franchisee advisors	7,658			7,629			7,590			7,540			7,488			7,658			7,488			(170		)	(2	)%	(170		)	(2	)%	(52		)	(1	)%
Total branded financial advisors	10,103			9,931			9,786			9,723			9,656			10,103			9,656			(447		)	(4	)%	(447		)	(4	)%	(67		)	(1	)%
SAI independent advisors	1,933			1,906			1,898			1,885			1,826			1,933			1,826			(107		)	(6	)%	(107		)	(6	)%	(59		)	(3	)%
Total financial advisors	12,036			11,837			11,684			11,608			11,482			12,036			11,482			(554		)	(5	)%	(554		)	(5	)%	(126		)	(1	)%

Operating total net revenues (1) per financial advisor (in thousands) (3)	$	73		$	74		$	83		$	81		$	88		$	262		$	326		$	15		21	%	$	64		24	%	$	7		9	%

Advisor Retention
Employee	73.7		%	72.9		%	74.4		%	77.8		%	82.3		%	73.7		%	82.3		%	8.6		%			8.6		%			4.5		%
Franchisee	91.4		%	91.7		%	92.4		%	93.0		%	93.4		%	91.4		%	93.4		%	2.0		%			2.0		%			0.4		%

Total Client Assets (at period end)	$	294,027		$	303,839		$	290,163		$	312,581		$	329,264		$	294,027		$	329,264		$	35,237		12	%	$	35,237		12	%	$	16,683		5	%

Total Wrap Accounts
Beginning assets	$	89,553		$	94,921		$	99,985		$	96,865		$	105,262		$	72,781		$	94,921		$	15,709		18	%	$	22,140		30	%	$	8,397		9	%
Net flows	2,564			2,512			2,245			1,789			1,965			9,348			8,511			(599		)	(23	)%	(837		)	(9	)%	176			10	%
Market appreciation (depreciation) and other	2,804			2,552			(5,365		)	6,608			5,512			12,792			9,307			2,708			97	%	(3,485		)	(27	)%	(1,096		)	(17	)%
Total wrap ending assets	$	94,921		$	99,985		$	96,865		$	105,262		$	112,739		$	94,921		$	112,739		$	17,818		19	%	$	17,818		19	%	$	7,477		7	%

(1) See non-GAAP financial information on pg 37.

(2) Calculated using operating earnings subject to the effective tax rate excluding CIEs for the last twelve months in the numerator and the average allocated equity as of the last day of the trailing four quarters and current quarter in the denominator.

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

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Asset Management Segment

Fourth Quarter 2010


																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	396		$	307		$	471		$	551		$	650		$	1,106		$	1,979		$	254		64	%	$	873		79	%	$	99		18	%
Distribution fees	60			58			88			103			109			216			358			49			82	%	142			66	%	6			6	%
Net investment income	8			4			—			6			7			18			17			(1		)	(13	)%	(1		)	(6	)%	1			17	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	1			1			4			2			8			8			15			7				#	7			88	%	6				#
Total revenues	465			370			563			662			774			1,348			2,369			309			66	%	1,021			76	%	112			17	%
Banking and deposit interest expense	—			—			1			—			—			2			1			—			—		(1		)	(50	)%	—			—
Total net revenues	465			370			562			662			774			1,346			2,368			309			66	%	1,022			76	%	112			17	%

Expenses
Distribution expenses	107			106			186			215			227			371			734			120				#	363			98	%	12			6	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	4			6			5			5			4			21			20			—			—		(1		)	(5	)%	(1		)	(20	)%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	284			240			315			338			403			894			1,296			119			42	%	402			45	%	65			19	%
Total expenses	395			352			506			558			634			1,286			2,050			239			61	%	764			59	%	76			14	%
Pretax segment income (loss)	70			18			56			104			140			60			318			70				#	258				#	36			35	%
Integration/restructuring charges included in general and admin expense (1)	7			5			48			18			24			30			95			17				#	65				#	6			33	%
Realized (gains) losses included in net investment income	—			(1		)	—			(1		)	(1		)	3			(3		)	(1		)	—		(6		)		#	—			—

Pretax operating earnings (2)	$	77		$	22		$	104		$	121		$	163		$	93		$	410		$	86			#	$	317			#	$	42		35	%

Margins
Pretax segment margin	15.1		%	4.9		%	10.0		%	15.7		%	18.1		%	4.5		%	13.4		%	3.0		%			8.9		%			2.4		%
Pretax operating margin (2)	16.6		%	6.0		%	18.5		%	18.3		%	21.1		%	6.9		%	17.3		%	4.5		%			10.4		%			2.8		%

Return on Equity
Allocated equity	$	1,054		$	1,044		$	1,947		$	1,919		$	1,924		$	1,054		$	1,924		$	870		83	%	$	870		83	%	$	5		—
Return on allocated equity (3)	4.4		%	6.5		%	9.9		%	13.5		%	15.4		%	4.4		%	15.4		%	11.0		%			11.0		%			1.9		%
Operating return on allocated equity (3)	6.4		%	8.2		%	13.4		%	17.0		%	19.2		%	6.4		%	19.2		%	12.8		%			12.8		%			2.2		%

Net Investment Income
Investment income on fixed maturities	$	1		$	—		$	1		$	—		$	—		$	2		$	1		$	(1	)		#	$	(1	)	(50	)%	$	—		—
Realized gains (losses)	—			1			—			1			1			(3		)	3			1			—		6				#	—			—
Other (including seed money)	7			3			(1		)	5			6			19			13			(1		)	(14	)%	(6		)	(32	)%	1			20	%
Total net investment income	$	8		$	4		$	—		$	6		$	7		$	18		$	17		$	(1	)	(13	)%	$	(1	)	(6	)%	$	1		17	%

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

(2) See non-GAAP financial information on pg 37.

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Asset Management Segment

Fourth Quarter 2010


																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Total Managed Asset net flows	$	1,385		$	(834	)	$	(5,696	)	$	(2,091	)	$	(6,476	)	$	3,607		$	(15,097	)	$	(7,861	)		#	$	(18,704	)		#	$	(4,385	)		#

Total Managed Assets Reconciliations
Columbia managed assets	$	149,004		$	152,624		$	327,406		$	347,050		$	355,489		$	149,004		$	355,489		$	206,485			#	$	206,485			#	$	8,439		2	%
Threadneedle managed assets	97,823			97,135			89,319			101,851			105,648			97,823			105,648			7,825			8	%	7,825			8	%	3,797			4	%
Less: Sub-advised eliminations	(3,647		)	(3,752		)	(3,398		)	(4,030		)	(4,304		)	(3,647		)	(4,304		)	(657		)	(18	)%	(657		)	(18	)%	(274		)	(7	)%
Total managed assets	$	243,180		$	246,007		$	413,327		$	444,871		$	456,833		$	243,180		$	456,833		$	213,653		88	%	$	213,653		88	%	$	11,962		3	%

Managed assets - external clients	$	173,902		$	168,673		$	320,472		$	346,187		$	356,212		$	173,902		$	356,212		$	182,310			#	$	182,310			#	$	10,025		3	%
Managed assets - consolidated client assets	1,099			6,916			6,784			6,740			6,871			1,099			6,871			5,772				#	5,772				#	131			2	%
Managed assets - owned	68,179			70,418			86,071			91,944			93,750			68,179			93,750			25,571			38	%	25,571			38	%	1,806			2	%
Total managed assets	$	243,180		$	246,007		$	413,327		$	444,871		$	456,833		$	243,180		$	456,833		$	213,653		88	%	$	213,653		88	%	$	11,962		3	%

Total Managed Assets by Type
Equity	$	98,712		$	99,752		$	189,734		$	215,095		$	237,120		$	98,712		$	237,120		$	138,408			#	$	138,408			#	$	22,025		10	%
Fixed income	113,752			115,922			192,988			198,786			189,545			113,752			189,545			75,793			67	%	75,793			67	%	(9,241		)	(5	)%
Money market	7,986			7,231			7,159			6,734			6,597			7,986			6,597			(1,389		)	(17	)%	(1,389		)	(17	)%	(137		)	(2	)%
Alternative	11,590			11,808			11,516			11,505			11,309			11,590			11,309			(281		)	(2	)%	(281		)	(2	)%	(196		)	(2	)%
Hybrid and other	11,140			11,294			11,930			12,751			12,262			11,140			12,262			1,122			10	%	1,122			10	%	(489		)	(4	)%
Total managed assets by type	$	243,180		$	246,007		$	413,327		$	444,871		$	456,833		$	243,180		$	456,833		$	213,653		88	%	$	213,653		88	%	$	11,962		3	%

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Asset Management Segment - Columbia

Fourth Quarter 2010


																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Columbia Managed Assets Rollforward Retail Funds
Beginning assets	$	74,592		$	76,860		$	78,631		$	189,418		$	205,230		$	63,970		$	76,860		$	130,638			#	$	12,890		20	%	$	15,812		8	%
Net flows mutual funds and other retail funds	(866		)	(1,127		)	(2,342		)	(3,241		)	(2,239		)	(4,184		)	(8,949		)	(1,373		)		#	(4,765		)		#	1,002			31	%
Net flows VP & VIT funds	301			31			108			723			711			1,799			1,573			410				#	(226		)	(13	)%	(12		)	(2	)%
Net flows	(565		)	(1,096		)	(2,234		)	(2,518		)	(1,528		)	(2,385		)	(7,376		)	(963		)		#	(4,991		)		#	990			39	%
Market appreciation (depreciation) and other (1)	2,833			2,867			113,021			18,330			14,758			15,275			148,976			11,925				#	133,701				#	(3,572		)	(19	)%
Total ending assets	76,860			78,631			189,418			205,230			218,460			76,860			218,460			141,600				#	141,600				#	13,230			6	%

% of total retail assets sub-advised	7.0		%	7.1		%	18.2		%	18.6		%	18.4		%	7.0		%	18.4		%	11.4		%			11.4		%			(0.2		)%

Institutional
Beginning assets	61,672			62,496			64,083			128,176			131,822			54,775			62,496			70,150				#	7,721			14	%	3,646			3	%
Net flows	1,020			47			(2,504		)	(637		)	(3,978		)	2,691			(7,072		)	(4,998		)		#	(9,763		)		#	(3,341		)		#
Market appreciation (depreciation) and other (2)(3)	(196		)	1,540			66,597			4,283			(633		)	5,030			71,787			(437		)		#	66,757				#	(4,916		)		#
Total ending assets	62,496			64,083			128,176			131,822			127,211			62,496			127,211			64,715				#	64,715				#	(4,611		)	(3	)%

Alternative
Beginning assets	9,666			9,791			10,063			9,957			10,122			9,378			9,791			456			5	%	413			4	%	165			2	%
Net flows	66			193			132			(5		)	(337		)	(187		)	(17		)	(403		)		#	170			91	%	(332		)		#
Market appreciation (depreciation) and other	59			79			(238		)	170			186			600			197			127				#	(403		)	(67	)%	16			9	%
Total ending assets	9,791			10,063			9,957			10,122			9,971			9,791			9,971			180			2	%	180			2	%	(151		)	(1	)%

Other and Eliminations	(143		)	(153		)	(145		)	(124		)	(153		)	(143		)	(153		)	(10		)	(7	)%	(10		)	(7	)%	(29		)	(23	)%
Total Columbia managed assets	$	149,004		$	152,624		$	327,406		$	347,050		$	355,489		$	149,004		$	355,489		$	206,485			#	$	206,485			#	$	8,439		2	%

Total Columbia net flows	$	521		$	(856	)	$	(4,606	)	$	(3,160	)	$	(5,843	)	$	119		$	(14,465	)	$	(6,364	)		#	$	(14,584	)		#	$	(2,683	)	(85	)%

(1) Included in Market appreciation (depreciation) and other, for Retail funds in the 2nd quarter of 2010, are $118.1B due to the acquisition of Columbia Management, including $3 billion of assets that were transferred to RiverSource Sub-advised through the implementation of Enhanced Portfolio Navigator, and an additional $13.1B of EPN related assets sub-advised by others.

(2) Included in Market appreciation (depreciation) and other, for Institutional funds in the 2nd quarter of 2010, are $68.4B due to the acquisition of Columbia Management.

(3) Included in Market appreciation (depreciation) and other for Institutional funds for all periods shown are changes in assets related to corporate capital decisions including share repurchases, debt repurchases, equity issuance, debt issuance and acquisitions.

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Asset Management Segment - Threadneedle

Fourth Quarter 2010


																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Threadneedle Managed Assets Rollforward Retail Funds
Beginning assets	$	26,565		$	29,090		$	30,393		$	27,291		$	30,673		$	16,361		$	29,090		$	4,108		15	%	$	12,729		78	%	$	3,382		12	%
Net flows	1,483			1,344			(488		)	(358		)	1,238			4,796			1,736			(245		)	(17	)%	(3,060		)	(64	)%	1,596				#
Market appreciation (depreciation)	707			1,665			(2,172		)	2,232			1,694			3,871			3,419			987				#	(452		)	(12	)%	(538		)	(24	)%
Foreign currency translation (1)	297			(1,769		)	(540		)	1,402			(240		)	1,739			(1,147		)	(537		)		#	(2,886		)		#	(1,642		)		#
Other	38			63			98			106			29			2,323			296			(9		)	(24	)%	(2,027		)	(87	)%	(77		)	(73	)%
Total ending assets	29,090			30,393			27,291			30,673			33,394			29,090			33,394			4,304			15	%	4,304			15	%	2,721			9	%

Institutional
Beginning assets	65,120			66,934			64,997			60,469			69,795			55,342			66,934			4,675			7	%	11,592			21	%	9,326			15	%
Net flows	(384		)	(1,300		)	(692		)	1,610			(1,769		)	(1,393		)	(2,151		)	(1,385		)		#	(758		)	(54	)%	(3,379		)		#
Market appreciation (depreciation)	930			3,014			(3,317		)	4,176			2,876			5,642			6,749			1,946				#	1,107			20	%	(1,300		)	(31	)%
Foreign currency translation (1)	784			(4,036		)	(1,062		)	3,127			(473		)	5,396			(2,444		)	(1,257		)		#	(7,840		)		#	(3,600		)		#
Other	484			385			543			413			487			1,947			1,828			3			1	%	(119		)	(6	)%	74			18	%
Total ending assets	66,934			64,997			60,469			69,795			70,916			66,934			70,916			3,982			6	%	3,982			6	%	1,121			2	%

Alternative
Beginning assets	1,997			1,799			1,745			1,559			1,383			2,544			1,799			(614		)	(31	)%	(745		)	(29	)%	(176		)	(11	)%
Net flows	(235		)	(22		)	90			(183		)	(102		)	85			(217		)	133			57	%	(302		)		#	81			44	%
Market appreciation (depreciation)	4			65			(260		)	(85		)	51			(1,057		)	(229		)	47				#	828			78	%	136				#
Foreign currency translation (1)	29			(108		)	(30		)	77			(7		)	223			(68		)	(36		)		#	(291		)		#	(84		)		#
Other	4			11			14			15			13			4			53			9				#	49				#	(2		)	(13	)%
Total ending assets	1,799			1,745			1,559			1,383			1,338			1,799			1,338			(461		)	(26	)%	(461		)	(26	)%	(45		)	(3	)%

Total Threadneedle managed assets	$	97,823		$	97,135		$	89,319		$	101,851		$	105,648		$	97,823		$	105,648		$	7,825		8	%	$	7,825		8	%	$	3,797		4	%

Total Threadneedle net flows	$	864		$	22		$	(1,090	)	$	1,069		$	(633	)	$	3,488		$	(632	)	$	(1,497	)		#	$	(4,120	)		#	$	(1,702	)		#

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

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Asset Management Segment

Fourth Quarter 2010

	4 Qtr 2009		1 Qtr 2010		2 Qtr 2010		3 Qtr 2010		4 Qtr 2010
Mutual Fund Performance
Columbia
Equal Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	51	%	58	%	49	%	55	%	68	%
Fixed income - 12 month	65	%	50	%	52	%	67	%	58	%
Equity - 3 year	42	%	45	%	48	%	46	%	52	%
Fixed income - 3 year	72	%	68	%	68	%	77	%	79	%
Equity - 5 year	63	%	71	%	75	%	69	%	67	%
Fixed income - 5 year	58	%	63	%	75	%	79	%	76	%

Asset Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	72	%	78	%	73	%	54	%	62	%
Fixed income - 12 month	80	%	51	%	45	%	56	%	61	%
Equity - 3 year	50	%	56	%	61	%	71	%	73	%
Fixed income - 3 year	63	%	59	%	64	%	78	%	67	%
Equity - 5 year	69	%	75	%	88	%	81	%	78	%
Fixed income - 5 year	58	%	58	%	65	%	75	%	63	%

Threadneedle
Equal Weighted Mutual Fund Rankings in top 2 Morningstar Quartiles
Equity - 12 month	38	%	31	%	62	%	62	%	77	%
Fixed income - 12 month	60	%	60	%	40	%	20	%	40	%
Equity - 3 year	90	%	93	%	97	%	93	%	79	%
Fixed income - 3 year	80	%	80	%	80	%	80	%	50	%
Equity - 5 year	89	%	93	%	93	%	93	%	93	%
Fixed income - 5 year	78	%	78	%	67	%	67	%	50	%

Beginning in the second quarter of 2010, mutual fund performance rankings are based on the performance of Class A fund shares for legacy RiverSource (including Seligman and Threadneedle) branded funds and on Class Z fund shares for legacy Columbia branded funds, as the majority of fund assets managed within the funds of each fund family are generally held in the designated share class. Prior to second quarter of 2010, the mutual fund performance rankings were based solely on the performance of the legacy RiverSource Class A fund shares.

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

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

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

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

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

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

Ameriprise Financial, Inc.

Annuities Segment

Fourth Quarter 2010


																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%

Revenues
Management and financial advice fees	$	126		$	127		$	130		$	139		$	150		$	438		$	546		$	24		19	%	$	108		25	%	$	11		8	%
Distribution fees	68			70			76			65			73			247			284			5			7	%	37			15	%	8			12	%
Net investment income	352			330			330			326			332			1,323			1,318			(20		)	(6	)%	(5		)	—		6			2	%
Premiums	32			31			42			43			34			104			150			2			6	%	46			44	%	(9		)	(21	)%
Other revenues	42			44			52			53			53			153			202			11			26	%	49			32	%	—			—
Total revenues	620			602			630			626			642			2,265			2,500			22			4	%	235			10	%	16			3	%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Total net revenues	620			602			630			626			642			2,265			2,500			22			4	%	235			10	%	16			3	%

Expenses
Distribution expenses	57			61			70			70			67			211			268			10			18	%	57			27	%	(3		)	(4	)%
Interest credited to fixed accounts	193			192			194			188			188			759			762			(5		)	(3	)%	3			—		—			—
Benefits, claims, losses and settlement expenses	103			118			58			341			174			418			691			71			69	%	273			65	%	(167		)	(49	)%
Amortization of deferred acquisition costs	64			60			121			(286		)	29			37			(76		)	(35		)	(55	)%	(113		)		#	315				#
Interest and debt expense	—			—			—			2			—			—			2			—			—		2			—		(2		)		#
General and administrative expense	46			51			54			47			53			192			205			7			15	%	13			7	%	6			13	%
Total expenses	463			482			497			362			511			1,617			1,852			48			10	%	235			15	%	149			41	%

Pretax segment income	157			120			133			264			131			648			648			(26		)	(17	)%	—			—		(133		)	(50	)%
Realized (gains) losses included in net investment income	(16		)	(3		)	(4		)	1			(3		)	(44		)	(9		)	13			81	%	35			80	%	(4		)		#
Pretax operating earnings (1)	$	141		$	117		$	129		$	265		$	128		$	604		$	639		$	(13	)	(9	)%	$	35		6	%	$	(137	)	(52	)%

Margins
Pretax segment margin	25.3		%	19.9		%	21.1		%	42.2		%	20.4		%	28.6		%	25.9		%	(4.9		)%			(2.7		)%			(21.8		)%
Pretax operating margin (1)	23.3		%	19.5		%	20.6		%	42.3		%	20.0		%	27.2		%	25.7		%	(3.3		)%			(1.5		)%			(22.3		)%

Return on Equity
Allocated equity	$	2,459		$	2,317		$	2,395		$	2,539		$	2,582		$	2,459		$	2,582		$	123		5	%	$	123		5	%	$	43		2	%
Return on allocated equity (2)	20.9		%	20.7		%	22.8		%	21.4		%	20.0		%	20.9		%	20.0		%	(0.9		)%			(0.9		)%			(1.4		)%
Operating return on allocated equity (2)	19.7		%	20.0		%	22.2		%	20.8		%	19.7		%	19.7		%	19.7		%	—					—					(1.1		)%

Net Investment Income
Investment income on fixed maturities	$	337		$	324		$	323		$	328		$	328		$	1,246		$	1,303		$	(9	)	(3	)%	$	57		5	%	$	—		—
Realized gains (losses)	16			3			4			(1		)	3			44			9			(13		)	(81	)%	(35		)	(80	)%	4				#
Other (including seed money)	(1		)	3			3			(1		)	1			33			6			2				#	(27		)	(82	)%	2				#
Total net investment income	$	352		$	330		$	330		$	326		$	332		$	1,323		$	1,318		$	(20	)	(6	)%	$	(5	)	(0	)%	$	6		2	%

Benefits Expense
Net variable annuity living benefits market impact (3)	$	(3	)	$	(24	)	$	74		$	(34	)	$	(78	)	$	(162	)	$	(62	)	$	(75	)		#	$	100		62	%	$	(44	)		#

Total annuity net flows	$	255		$	(68	)	$	9		$	325		$	177		$	3,690		$	443		$	(78	)	(31	)%	$	(3,247	)	(88	)%	$	(148	)	(46	)%

(1)	See non-GAAP financial information on pg 37.
(2)	Calculated using net income or operating earnings subject to the effective tax rate excluding CIEs for the last twelve months in the numerator and the average allocated equity as of the last day of the trailing four quarters and current quarter in the denominator.

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

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Annuities Segment

Fourth Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%

Product Information
Variable Annuities
Operating earnings(1)	$	82		$	57		$	68		$	88		$	62		$	386		$	275		$	(20	)	(24	)%	$	(111	)	(29	)%	$	(26	)	(30	)%
Allocated equity	$	1,005		$	971		$	1,083		$	1,133		$	1,261		$	1,005		$	1,261		$	256		25	%	$	256		25	%	$	128		11	%
Operating return on allocated equity (2)	29.5		%	29.0		%	32.2		%	22.3		%	19.5		%	29.5		%	19.5		%	(10.0		)%			(10.0		)%			(2.8		)%

Fixed Annuities (3)
Operating earnings(1)	$	59		$	60		$	61		$	177		$	66		$	218		$	364		$	7		12	%	$	146		67	%	$	(111	)	(63	)%
Allocated equity	$	1,454		$	1,346		$	1,312		$	1,406		$	1,321		$	1,454		$	1,321		$	(133	)	(9	)%	$	(133	)	(9	)%	$	(85	)	(6	)%
Operating return on allocated equity (2)	12.6		%	13.8		%	15.0		%	19.7		%	19.9		%	12.6		%	19.9		%	7.3		%			7.3		%			0.2		%

Variable Annuities Rollforward
Beginning balance	$	52,995		$	55,106		$	56,978		$	54,025		$	58,974		$	43,280		$	55,106		$	5,979		11	%	$	11,826		27	%	$	4,949		9	%
Deposits	1,378			1,181			1,411			1,730			1,865			5,546			6,187			487			35	%	641			12	%	135			8	%
Withdrawals and terminations	(980		)	(1,083		)	(1,212		)	(1,246		)	(1,464		)	(3,727		)	(5,005		)	(484		)	(49	)%	(1,278		)	(34	)%	(218		)	(17	)%
Net flows	398			98			199			484			401			1,819			1,182			3			1	%	(637		)	(35	)%	(83		)	(17	)%
Investment performance and interest credited	1,713			1,859			(3,150		)	4,465			3,262			10,001			6,436			1,549			90	%	(3,565		)	(36	)%	(1,203		)	(27	)%
Other	—			(85		)	(2		)	—			—			6			(87		)	—			—		(93		)		#	—			—
Total ending balance - contract accumulation values	$	55,106		$	56,978		$	54,025		$	58,974		$	62,637		$	55,106		$	62,637		$	7,531		14	%	$	7,531		14	%	$	3,663		6	%

Variable annuities fixed sub-accounts	$	6,124		$	6,119		$	4,914		$	4,926		$	4,864		$	6,124		$	4,864		$	(1,260	)	(21	)%	$	(1,260	)	(21	)%	$	(62	)	(1	)%

Fixed Annuities Rollforward
Beginning balance	$	14,615		$	14,623		$	14,599		$	14,547		$	14,527		$	12,228		$	14,623		$	(88	)	(1	)%	$	2,395		20	%	$	(20	)	—
Deposits	167			163			130			140			96			3,581			529			(71		)	(43	)%	(3,052		)	(85	)%	(44		)	(31	)%
Withdrawals and terminations	(310		)	(329		)	(320		)	(299		)	(320		)	(1,710		)	(1,268		)	(10		)	(3	)%	442			26	%	(21		)	(7	)%
Net flows	(143		)	(166		)	(190		)	(159		)	(224		)	1,871			(739		)	(81		)	(57	)%	(2,610		)		#	(65		)	(41	)%
Policyholder interest credited	151			142			138			139			138			573			557			(13		)	(9	)%	(16		)	(3	)%	(1		)	(1	)%
Other	—			—			—			—			—			(49		)	—			—			—		49				#	—			—
Total ending balance - contract accumulation values	$	14,623		$	14,599		$	14,547		$	14,527		$	14,441		$	14,623		$	14,441		$	(182	)	(1	)%	$	(182	)	(1	)%	$	(86	)	(1	)%

Capitalized Interest	$	8		$	5		$	3		$	1		$	2		$	37		$	11		$	(6	)	(75	)%	$	(26	)	(70	)%	$	1			#

Payout Annuities Reserve Balance	$	2,102		$	2,094		$	2,105		$	2,111		$	2,111		$	2,102		$	2,111		$	9		—		$	9		—		$	—		—

Tax Equivalent Spread - Fixed Annuities (4)
Gross rate of return on invested assets (5) (6)	6.1		%	6.0		%	6.1		%	6.5		%	6.4		%	6.1		%	6.3		%	0.3		%			0.2		%			(0.1		)%
Crediting rate excluding capitalized interest	(3.9		)%	(3.9		)%	(3.9		)%	(3.8		)%	(3.8		)%	(3.9		)%	(3.8		)%	0.1		%			0.1		%			—
Tax equivalent margin spread	2.2		%	2.1		%	2.2		%	2.7		%	2.6		%	2.2		%	2.5		%	0.4		%			0.3		%			(0.1		)%

Total Variable Annuities DAC
Beginning balance	$	2,116		$	2,132		$	2,121		$	2,082		$	2,378		$	2,063		$	2,132		$	262		12	%	$	69		3	%	$	296		14	%
Capitalization	64			53			77			92			97			261			319			33			52	%	58			22	%	5			5	%
Amortization per income statement	(48		)	(46		)	(104		)	222			(14		)	15			58			34			71	%	43				#	(236		)		#
Other	—			(18		)	(12		)	(18		)	32			(207		)	(16		)	32			—		191			92	%	50				#
Total ending balance	$	2,132		$	2,121		$	2,082		$	2,378		$	2,493		$	2,132		$	2,493		$	361		17	%	$	361		17	%	$	115		5	%

Total Fixed Annuities DAC
Beginning balance	$	304		$	301		$	247		$	198		$	229		$	316		$	301		$	(75	)	(25	)%	$	(15	)	(5	)%	$	31		16	%
Capitalization	8			7			6			4			4			172			21			(4		)	(50	)%	(151		)	(88	)%	—			—
Amortization per income statement	(16		)	(14		)	(17		)	64			(15		)	(52		)	18			1			6	%	70				#	(79		)		#
Other	5			(47		)	(38		)	(37		)	54			(135		)	(68		)	49				#	67			50	%	91				#
Total ending balance	$	301		$	247		$	198		$	229		$	272		$	301		$	272		$	(29	)	(10	)%	$	(29	)	(10	)%	$	43		19	%

(1) See non-GAAP financial information on pg 37.

(3) Includes payout annuities.

(4) Attributable to interest sensitive products only, which have been approximately 98% to 99% 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 return on invested assets for both the 4th quarter 2009 and the first quarter of 2010 are affected by significant purchases of forward settled 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.

(6) In the 2nd, 3rd, and 4th quarters of 2010, the Gross rates of return on invested assets are impacted by outstanding repurchase agreements. Without these positions, the Gross rates of return on invested assets would have been 6.0%, 6.2%, and 6.1% respectively.

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Protection Segment

Fourth Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%

Revenues
Management and financial advice fees	$	13		$	13		$	13		$	13		$	15		$	47		$	54		$	2		15	%	$	7		15	%	$	2		15	%
Distribution fees	25			24			24			24			24			97			96			(1		)	(4	)%	(1		)	(1	)%	—			—
Net investment income	113			103			111			108			107			422			429			(6		)	(5	)%	7			2	%	(1		)	(1	)%
Premiums	262			257			264			266			268			1,020			1,055			6			2	%	35			3	%	2			1	%
Other revenues	116			110			109			91			112			386			422			(4		)	(3	)%	36			9	%	21			23	%
Total revenues	529			507			521			502			526			1,972			2,056			(3		)	(1	)%	84			4	%	24			5	%
Banking and deposit interest expense	1			—			—			—			1			1			1			—			—		—			—		1			—
Total net revenues	528			507			521			502			525			1,971			2,055			(3		)	(1	)%	84			4	%	23			5	%

Expenses
Distribution expenses	7			8			9			8			7			22			32			—			—		10			45	%	(1		)	(13	)%
Interest credited to fixed accounts	36			36			37			39			35			144			147			(1		)	(3	)%	3			2	%	(4		)	(10	)%
Benefits, claims, losses and settlement expenses	246			236			240			299			291			924			1,066			45			18	%	142			15	%	(8		)	(3	)%
Amortization of deferred acquisition costs	52			52			45			35			51			159			183			(1		)	(2	)%	24			15	%	16			46	%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	58			56			55			56			56			226			223			(2		)	(3	)%	(3		)	(1	)%	—			—
Total expenses	399			388			386			437			440			1,475			1,651			41			10	%	176			12	%	3			1	%

Pretax segment income	129			119			135			65			85			496			404			(44		)	(34	)%	(92		)	(19	)%	20			31	%

Realized (gains) losses included in net investment income	(13		)	(1		)	(1		)	—			1			(27		)	(1		)	14				#	26			96	%	1			—

Pretax operating earnings (1)	$	116		$	118		$	134		$	65		$	86		$	469		$	403		$	(30	)	(26	)%	$	(66	)	(14	)%	$	21		32	%

Margins
Pretax segment margin	24.4		%	23.5		%	25.9		%	12.9		%	16.2		%	25.2		%	19.7		%	(8.2		)%			(5.5		)%			3.3		%
Pretax operating margin (1)	22.5		%	23.3		%	25.8		%	12.9		%	16.3		%	24.1		%	19.6		%	(6.2		)%			(4.5		)%			3.4		%

Return on Equity
Allocated equity	$	2,540		$	2,560		$	2,654		$	2,668		$	2,596		$	2,540		$	2,596		$	56		2	%	$	56		2	%	$	(72	)	(3	)%
Return on allocated equity (2)	16.3		%	15.8		%	16.3		%	13.6		%	12.0		%	16.3		%	12.0		%	(4.3		)%			(4.3		)%			(1.6		)%
Operating return on allocated equity (2)	15.6		%	15.2		%	15.7		%	13.2		%	11.9		%	15.6		%	11.9		%	(3.7		)%			(3.7		)%			(1.3		)%

Net Investment Income
Investment income on fixed maturities	$	93		$	95		$	101		$	100		$	102		$	353		$	398		$	9		10	%	$	45		13	%	$	2		2	%
Realized gains (losses)	13			1			1			—			(1		)	27			1			(14		)		#	(26		)	(96	)%	(1		)	—
Other (including seed money)	7			7			9			8			6			42			30			(1		)	(14	)%	(12		)	(29	)%	(2		)	(25	)%

Total net investment income	$	113		$	103		$	111		$	108		$	107		$	422		$	429		$	(6	)	(5	)%	$	7		2	%	$	(1	)	(1	)%

Product Information
Long Term Care
Operating earnings(1)	$	12		$	14		$	6		$	6		$	10		$	36		$	36		$	(2	)	(17	)%	$	—		—		$	4		67	%
Allocated equity	$	620		$	622		$	636		$	651		$	648		$	620		$	648		$	28		5	%	$	28		5	%	$	(3	)	—
Operating return on allocated equity (2)	5.0		%	5.2		%	5.3		%	4.7		%	4.3		%	5.0		%	4.3		%	(0.7		)%			(0.7		)%			(0.4		)%

Protection excluding Long Term Care
Operating earnings(1)	$	104		$	104		$	128		$	59		$	76		$	433		$	367		$	(28	)	(27	)%	$	(66	)	(15	)%	$	17		29	%
Allocated equity	$	1,920		$	1,938		$	2,018		$	2,017		$	1,948		$	1,920		$	1,948		$	28		1	%	$	28		1	%	$	(69	)	(3	)%
Operating return on allocated equity (2)	19.0		%	18.4		%	19.0		%	15.9		%	14.4		%	19.0		%	14.4		%	(4.6		)%			(4.6		)%			(1.5		)%

(1) See non-GAAP financial information on pg 37.

(2) Calculated using net income or operating earnings subject to the effective tax rate excluding CIEs for the last twelve months in the numerator and the average allocated equity as of the last day of the trailing four quarters and current quarter in the denominator.

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Protection Segment

Fourth Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%

Cash Sales
VUL / UL (1)	$	56		$	54		$	59		$	54		$	54		$	189		$	221		$	(2	)	(4	)%	$	32		17	%	$	—		—
Term and whole life	4			3			3			4			3			15			13			(1		)	(25	)%	(2		)	(13	)%	(1		)	(25	)%
Disability insurance	2			1			2			2			1			7			6			(1		)	(50	)%	(1		)	(14	)%	(1		)	(50	)%
Auto and Home	166			177			177			188			174			674			716			8			5	%	42			6	%	(14		)	(7	)%

Total cash sales	$	228		$	235		$	241		$	248		$	232		$	885		$	956		$	4		2	%	$	71		8	%	$	(16	)	(6	)%

VUL / UL Policyholder Account Balances
Beginning balance	$	8,593		$	8,803		$	9,009		$	8,560		$	9,079		$	7,570		$	8,803		$	486		6	%	$	1,233		16	%	$	519		6	%
Premiums and deposits	248			236			233			226			241			949			936			(7		)	(3	)%	(13		)	(1	)%	15			7	%
Investment performance and interest	244			247			(413		)	570			457			1,302			861			213			87	%	(441		)	(34	)%	(113		)	(20	)%
Withdrawals and surrenders	(282		)	(277		)	(269		)	(277		)	(286		)	(1,084		)	(1,109		)	(4		)	(1	)%	(25		)	(2	)%	(9		)	(3	)%
Other	—			—			—			—			1			66			1			1			—		(65		)	(98	)%	1			—

Total ending balance	$	8,803		$	9,009		$	8,560		$	9,079		$	9,492		$	8,803		$	9,492		$	689		8	%	$	689		8	%	$	413		5	%

Premiums by Product
Term and whole life	$	14		$	13		$	15		$	13		$	13		$	56		$	54		$	(1	)	(7	)%	$	(2	)	(4	)%	$	—		—
Disability insurance	42			41			42			42			40			170			165			(2		)	(5	)%	(5		)	(3	)%	(2		)	(5	)%
Long term care	31			29			30			30			31			120			120			—			—		—			—		1			3	%
Auto and Home	168			167			171			175			177			648			690			9			5	%	42			6	%	2			1	%
Intercompany premiums	7			7			6			6			7			26			26			—			—		—			—		1			17	%

Total premiums by product	$	262		$	257		$	264		$	266		$	268		$	1,020		$	1,055		$	6		2	%	$	35		3	%	$	2		1	%

Auto and Home Insurance
Policy count (thousands)	594			608			623			639			650			594			650			56			9	%	56			9	%	11			2	%
Loss ratio	81.8		%	81.3		%	80.3		%	80.1		%	96.5		%	80.4		%	84.6		%	14.7		%			4.2		%			16.4		%
Expense ratio	17.5		%	14.7		%	15.1		%	15.7		%	16.3		%	15.6		%	15.4		%	(1.2		)%			(0.2		)%			0.6		%
Combined ratio	99.3		%	96.0		%	95.4		%	95.8		%	112.8		%	96.0		%	100.0		%	13.5		%			4.0		%			17.0		%

DAC Rollforward
Life and Health
Beginning balance	$	1,853		$	1,852		$	1,828		$	1,798		$	1,787		$	1,946		$	1,852		$	(66	)	(4	)%	$	(94	)	(5	)%	$	(11	)	(1	)%
Capitalization	33			27			31			29			32			124			119			(1		)	(3	)%	(5		)	(4	)%	3			10	%
Amortization per income statement	(39		)	(39		)	(33		)	(21		)	(36		)	(108		)	(129		)	3			8	%	(21		)	(19	)%	(15		)	(71	)%
Other	5			(12		)	(28		)	(19		)	30			(110		)	(29		)	25				#	81			74	%	49				#

Total ending balance	$	1,852		$	1,828		$	1,798		$	1,787		$	1,813		$	1,852		$	1,813		$	(39	)	(2	)%	$	(39	)	(2	)%	$	26		1	%

Life insurance in force	$	192,871		$	192,477		$	192,192		$	192,102		$	191,819		$	192,871		$	191,819		$	(1,052	)	(1	)%	$	(1,052	)	(1	)%	$	(283	)	—

Net Amount at Risk	$	52,575		$	51,502		$	50,952		$	49,713		$	48,335		$	52,575		$	48,335		$	(4,240	)	(8	)%	$	(4,240	)	(8	)%	$	(1,378	)	(3	)%

Net Policyholder Reserves
VUL / UL	$	7,776		$	7,991		$	7,560		$	8,102		$	8,517		$	7,776		$	8,517		$	741		10	%	$	741		10	%	$	415		5	%
Term and whole life	236			230			230			235			235			236			235			(1		)	—		(1		)	—		—			—
Disability insurance	480			486			489			498			504			480			504			24			5	%	24			5	%	6			1	%
Long term care and other	2,424			2,443			2,464			2,489			2,514			2,424			2,514			90			4	%	90			4	%	25			1	%
Auto and Home loss and LAE reserves	313			314			318			317			328			313			328			15			5	%	15			5	%	11			3	%

Total net policyholder reserves	$	11,229		$	11,464		$	11,061		$	11,641		$	12,098		$	11,229		$	12,098		$	869		8	%	$	869		8	%	$	457		4	%

(1) Includes lump sum deposits.

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Corporate & Other Segment

Fourth Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	(11		)	79			143			19			32			(57		)	273			43				#	330				#	13			68	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	44			78			48			13			14			90			153			(30		)	(68	)%	63			70	%	1			8	%
Total revenues	33			157			191			32			46			33			426			13			39	%	393				#	14			44	%
Banking and deposit interest expense	3			—			3			—			—			7			3			(3		)		#	(4		)	(57	)%	—			—
Total net revenues	30			157			188			32			46			26			423			16			53	%	397				#	14			44	%

Expenses
Distribution expenses	1			—			—			—			1			3			1			—			—		(2		)	(67	)%	1			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	28			64			74			72			78			127			288			50				#	161				#	6			8	%
General and administrative expense	44			40			57			38			49			146			184			5			11	%	38			26	%	11			29	%
Total expenses	73			104			131			110			128			276			473			55			75	%	197			71	%	18			16	%
Pretax segment income (loss)	(43		)	53			57			(78		)	(82		)	(250		)	(50		)	(39		)	(91	)%	200			80	%	(4		)	(5	)%
Pretax income (loss) attributable to noncontrolling interests	37			82			139			(32		)	(26		)	15			163			(63		)		#	148				#	6			19	%
Pretax segment income (loss) attributable to Ameriprise Financial	$	(80	)	$	(29	)	$	(82	)	$	(46	)	$	(56	)	$	(265	)	$	(213	)	$	24		30	%	$	52		20	%	$	(10	)	(22	)%

Net Investment Income
Investment income on fixed maturities	$	—		$	55		$	56		$	53		$	64		$	1		$	228		$	64		—		$	227			#	$	11		21	%
Realized gains (losses)	(9		)	(13		)	(40		)	(26		)	4			—			(75		)	13				#	(75		)	—		30				#
Affordable housing	(5		)	(3		)	(5		)	(4		)	(8		)	(25		)	(20		)	(3		)	(60	)%	5			20	%	(4		)		#
Other	3			40			132			(4		)	(28		)	(33		)	140			(31		)		#	173				#	(24		)		#
Total net investment income	$	(11	)	$	79		$	143		$	19		$	32		$	(57	)	$	273		$	43			#	$	330			#	$	13		68	%

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Corporate & Other Segment - Consolidated Investment Entities

Fourth Quarter 2010

																				Prior Year Comparisons
															Year-to-Date					Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009		1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009		2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	—	$	—		$	—		$	—		$	—		$	—	$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—		—			—			—			—			—		—			—			—		—			—		—			—
Net investment income	1		79			155			17			24			2		275			23				#	273				#	7			41	%
Premiums	—		—			—			—			—			—		—			—			—		—			—		—			—
Other revenues	43		57			46			9			13			28		125			(30		)	(70	)%	97				#	4			44	%
Total revenues	44		136			201			26			37			30		400			(7		)	(16	)%	370				#	11			42	%
Banking and deposit interest expense	3		—			—			—			—			6		—			(3		)		#	(6		)		#	—			—
Total net revenues	41		136			201			26			37			24		400			(4		)	(10	)%	376				#	11			42	%

Expenses
Distribution expenses	—		—			—			—			—			—		—			—			—		—			—		—			—
Interest credited to fixed accounts	—		—			—			—			—			—		—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—		—			—			—			—			—		—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—		—			—			—			—			—		—			—			—		—			—		—			—
Interest and debt expense	—		40			45			45			51			—		181			51			—		181			—		6			13	%
General and administrative expense	4		14			17			13			12			9		56			8				#	47				#	(1		)	(8	)%
Total expenses	4		54			62			58			63			9		237			59				#	228				#	5			9	%
Pretax segment income (loss)	37		82			139			(32		)	(26		)	15		163			(63		)		#	148				#	6			19	%
Pretax income (loss) attributable to noncontrolling interests	37		82			139			(32		)	(26		)	15		163			(63		)		#	148				#	6			19	%
Pretax segment income (loss) attributable to Ameriprise Financial	$	—	$	—		$	—		$	—		$	—		$	—	$	—		$	—		—		$	—		—		$	—		—

Net Investment Income
Investment income on fixed maturities	$	—	$	52		$	56		$	52		$	62		$	—	$	222		$	62		—		$	222		—		$	10		19	%
Realized gains (losses)	—		(14		)	(41		)	(28		)	(11		)	—		(94		)	(11		)	—		(94		)	—		17			61	%
Affordable housing	—		—			—			—			—			—		—			—			—		—			—		—			—
Other	1		41			140			(7		)	(27		)	2		147			(28		)		#	145				#	(20		)		#
Total net investment income	$	1	$	79		$	155		$	17		$	24		$	2	$	275		$	23			#	$	273			#	$	7		41	%

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Corporate & Other Segment Excluding Consolidated Investment Entities

Fourth Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	(12		)	—			(12		)	2			8			(59		)	(2		)	20				#	57			97	%	6				#
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	1			21			2			4			1			62			28			—			—		(34		)	(55	)%	(3		)	(75	)%
Total revenues	(11		)	21			(10		)	6			9			3			26			20				#	23				#	3			50	%
Banking and deposit interest expense	—			—			3			—			—			1			3			—			—		2				#	—			—
Total net revenues	(11		)	21			(13		)	6			9			2			23			20				#	21				#	3			50	%

Expenses
Distribution expenses	1			—			—			—			1			3			1			—			—		(2		)	(67	)%	1			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	28			24			29			27			27			127			107			(1		)	(4	)%	(20		)	(16	)%	—			—
General and administrative expense	40			26			40			25			37			137			128			(3		)	(8	)%	(9		)	(7	)%	12			48	%
Total expenses	69			50			69			52			65			267			236			(4		)	(6	)%	(31		)	(12	)%	13			25	%
Pretax segment (loss)	(80		)	(29		)	(82		)	(46		)	(56		)	(265		)	(213		)	24			30	%	52			20	%	(10		)	(22	)%
Integration/restructuring charges included in general and administrative expense (1)	—			—			5			—			4			4			9			4			—		5				#	4			—
Realized (gains) losses included in net investment income	9			(1		)	(1		)	(2		)	(15		)	—			(19		)	(24		)		#	(19		)	—		(13		)		#
Pretax operating (loss) (2)	$	(71	)	$	(30	)	$	(78	)	$	(48	)	$	(67	)	$	(261	)	$	(223	)	$	4		6	%	$	38		15	%	$	(19	)	(40	)%

Net Investment Income
Investment income on fixed maturities	$	—		$	3		$	—		$	1		$	2		$	1		$	6		$	2		—		$	5			#	$	1			#
Realized gains (losses)	(9		)	1			1			2			15			—			19			24				#	19			—		13				#
Affordable housing	(5		)	(3		)	(5		)	(4		)	(8		)	(25		)	(20		)	(3		)	(60	)%	5			20	%	(4		)		#
Other	2			(1		)	(8		)	3			(1		)	(35		)	(7		)	(3		)		#	28			80	%	(4		)		#
Total net investment income	$	(12	)	$	—		$	(12	)	$	2		$	8		$	(59	)	$	(2	)	$	20			#	$	57		97	%	$	6			#

Allocated equity	$	2,204		$	2,549		$	1,523		$	1,583		$	1,756		$	2,204		$	1,756		(448		)	(20	)%	$	(448	)	(20	)%	$	173		11	%

(2) See non-GAAP financial information on pg 37.

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Eliminations (1)

Fourth Quarter 2010

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	(32	)	$	(41	)	$	(41	)	$	(40	)	$	(43	)	$	(121	)	$	(165	)	$	(11	)	(34	)%	$	(44	)	(36	)%	$	(3	)	(8	)%
Distribution fees	(209		)	(197		)	(246		)	(272		)	(275		)	(873		)	(990		)	(66		)	(32	)%	(117		)	(13	)%	(3		)	(1	)%
Net investment income	—			—			—			—			(1		)	(1		)	(1		)	(1		)	—		—			—		(1		)	—
Premiums	(7		)	(6		)	(7		)	(6		)	(7		)	(26		)	(26		)	—			—		—			—		(1		)	(17	)%
Other revenues	—			—			—			—			—			—			—			—			—		—			—		—			—
Total revenues	(248		)	(244		)	(294		)	(318		)	(326		)	(1,021		)	(1,182		)	(78		)	(31	)%	(161		)	(16	)%	(8		)	(3	)%
Banking and deposit interest expense	(1		)	—			(1		)	—			(1		)	(2		)	(2		)	—			—		—			—		(1		)	—
Total net revenues	(247		)	(244		)	(293		)	(318		)	(325		)	(1,019		)	(1,180		)	(78		)	(32	)%	(161		)	(16	)%	(7		)	(2	)%

Expenses
Distribution expenses	(192		)	(186		)	(232		)	(252		)	(257		)	(793		)	(927		)	(65		)	(34	)%	(134		)	(17	)%	(5		)	(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	(55		)	(58		)	(61		)	(66		)	(68		)	(226		)	(253		)	(13		)	(24	)%	(27		)	(12	)%	(2		)	(3	)%
Total expenses	(247		)	(244		)	(293		)	(318		)	(325		)	(1,019		)	(1,180		)	(78		)	(32	)%	(161		)	(16	)%	(7		)	(2	)%
Pretax segment income (loss)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—

Reconciliation of revenue and expense lines impacted by CIEs
Management and financial advice fees	$	(32	)	$	(41	)	$	(41	)	$	(40	)	$	(43	)	$	(121	)	$	(165	)	$	(11	)	(34	)%	$	(44	)	(36	)%	$	(3	)	(8	)%
CIEs	(1		)	(9		)	(10		)	(9		)	(10		)	(2		)	(38		)	(9		)		#	(36		)		#	(1		)	(11	)%
Management and financial advice fees excluding CIEs	$	(31	)	$	(32	)	$	(31	)	$	(31	)	$	(33	)	$	(119	)	$	(127	)	$	(2	)	(6	)%	$	(8	)	(7	)%	$	(2	)	(6	)%

General and administrative expense	$	(55	)	$	(58	)	$	(61	)	$	(66	)	$	(68	)	$	(226	)	$	(253	)	$	(13	)	(24	)%	$	(27	)	(12	)%	$	(2	)	(3	)%
CIEs	(1		)	(9		)	(10		)	(9		)	(10		)	(2		)	(38		)	(9		)		#	(36		)		#	(1		)	(11	)%
General and administrative expense excluding CIEs	$	(54	)	$	(49	)	$	(51	)	$	(57	)	$	(58	)	$	(224	)	$	(215	)	$	(4	)	(7	)%	$	9		4	%	$	(1	)	(2	)%

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

# Variance of 100% or greater.

Ameriprise Financial, Inc.

Consolidated Balance Sheets

Fourth Quarter 2010

(in millions, unaudited)	December 31, 2009			March 31, 2010			June 30, 2010			September 30, 2010			December 31, 2010
Assets
Ameriprise Financial
Cash and cash equivalents	$	3,097		$	4,816		$	3,827		$	3,685		$	2,861
Investments	36,938			35,765			36,526			37,980			37,053
Separate account assets	58,129			60,326			58,029			64,014			68,330
Receivables	4,435			4,768			4,906			4,892			5,037
Deferred acquisition costs	4,334			4,243			4,123			4,437			4,619
Restricted and segregated cash	1,452			1,532			1,272			1,447			1,516
Other assets (1)	4,286			4,007			5,612			5,818			4,905
Total Ameriprise Financial assets (1)	112,671			115,457			114,295			122,273			124,321

Consolidated Investment Entities
Cash and cash equivalents	181			613			570			403			472
Investments	36			5,349			5,437			5,375			5,444
Receivables	49			80			92			77			60
Other assets	833			874			685			885			895
Total Consolidated Investment Entities assets	1,099			6,916			6,784			6,740			6,871
Total Assets (1)	$	113,770		$	122,373		$	121,079		$	129,013		$	131,192

Liabilities
Ameriprise Financial
Future policy benefits and claims	$	30,886		$	30,866		$	30,677		$	31,124		$	30,208
Separate account liabilities	58,129			60,326			58,029			64,014			68,330
Customer deposits	8,554			8,632			8,421			8,492			8,779
Short-term borrowings	—			—			484			869			397
Long-term debt	1,868			2,612			2,684			2,735			2,317
Accounts payable and accrued expenses (1)	918			748			1,019			1,049			1,137
Other liabilities	3,093			2,743			3,166			3,662			2,990
Total Ameriprise Financial liabilities (1)	103,448			105,927			104,480			111,945			114,158

Consolidated Investment Entities
Debt	381			5,502			5,296			5,456			5,535
Accounts payable and accrued expenses	28			17			21			26			22
Other liabilities	41			231			163			82			167
Total Consolidated Investment Entities liabilities	450			5,750			5,480			5,564			5,724
Total Liabilities (1)	103,898			111,677			109,960			117,509			119,882

Shareholders’ Equity
Ameriprise Financial
Common shares ($.01 par)	3			3			3			3			3
Additional paid-in capital	5,748			5,819			5,869			5,917			6,029
Retained earnings	5,276			5,445			5,658			5,955			6,215
Appropriated retained earnings of consolidated investment entities	—			508			620			590			558
Treasury stock	(2,023		)	(2,038		)	(2,259		)	(2,412		)	(2,620		)
Accumulated other comprehensive income, net of tax	265			367			607			897			565
Total Ameriprise Financial shareholders’ equity	9,269			10,104			10,498			10,950			10,750

Noncontrolling interests	603			592			621			554			560
Total Equity	9,872			10,696			11,119			11,504			11,310
Total Liabilities and Shareholders’ Equity (1)	$	113,770		$	122,373		$	121,079		$	129,013		$	131,192

(1) Restated Q2 2010 and Q3 2010 due to Columbia Management purchase price adjustment resulting in a $31M decrease to both goodwill and accounts payable.

Ameriprise Financial, Inc.

Capital and Ratings Information

Fourth Quarter 2010


(in millions unless otherwise noted, unaudited)	December 31, 2009			March 31, 2010			June 30, 2010			September 30, 2010			December 31, 2010
Long-term Debt Summary
Senior notes	$	1,540		$	2,284		$	2,356		$	2,407		$	2,003
Junior subordinated notes	322			322			322			322			308
Non-recourse debt for inverse floaters	6			6			6			6			6
Total Ameriprise Financial long-term debt	1,868			2,612			2,684			2,735			2,317
Non-recourse debt of consolidated investment entities	381			5,502			5,296			5,456			5,535
Total long-term debt	$	2,249		$	8,114		$	7,980		$	8,191		$	7,852

Total Ameriprise Financial long-term debt	$	1,868		$	2,612		$	2,684		$	2,735		$	2,317
Total non-recourse debt for inverse floaters	(6		)	(6		)	(6		)	(6		)	(6		)
Fair value of hedges and unamortized discount	—			6			(66		)	(117		)	(53		)
Total Ameriprise Financial long-term debt excluding non-recourse debt for inverse floaters, fair value of hedges and unamortized discount (1)	1,862			2,612			2,612			2,612			2,258
Junior subordinated notes 75% equity credit	(242		)	(242		)	(242		)	(242		)	(231		)
Total Ameriprise Financial long-term debt excluding non-recourse debt for inverse floaters, fair value of hedges, unamortized discount and 75% equity credit (1)	$	1,620		$	2,370		$	2,370		$	2,370		$	2,027

Total equity including accumulated other comprehensive income, net of tax	$	9,872		$	10,696		$	11,119		$	11,504		$	11,310
Noncontrolling interests	(603		)	(592		)	(621		)	(554		)	(560		)
Total Ameriprise Financial shareholders’ equity	9,269			10,104			10,498			10,950			10,750
Equity of consolidated investment entities	—			(482		)	(596		)	(561		)	(529		)
Total Ameriprise Financial shareholders’ equity excluding CIEs (1)	$	9,269		$	9,622		$	9,902		$	10,389		$	10,221

Total Ameriprise Financial capital	$	11,137		$	12,716		$	13,182		$	13,685		$	13,067
Total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, non-recourse debt for inverse floaters and equity of CIEs (1)	$	11,131		$	12,234		$	12,514		$	13,001		$	12,479

Debt to capital
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	16.8		%	20.5		%	20.4		%	20.0		%	17.7		%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, non-recourse debt for inverse floaters and equity of CIEs (1)	16.7		%	21.4		%	20.9		%	20.1		%	18.1		%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, non-recourse debt for inverse floaters and equity of CIEs and 75% equity credit (1)	14.6		%	19.4		%	18.9		%	18.2		%	16.2		%

Ratings (as of December 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 (2)
RiverSource Life Insurance Company	A+	AA-	Aa3	AA-
IDS Property Casualty Ins. Company	A	N/R	N/R	N/R

Debt Ratings (2)
Ameriprise Financial, Inc.	a-	A	A3	A-

(1) See non-GAAP financial information on pg 37.

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

N/R - Not Rated.

Ameriprise Financial, Inc.

Ameriprise Financial Investments (1)

Fourth Quarter 2010

(in millions unless otherwise noted, unaudited)	December 31, 2009			March 31, 2010			June 30, 2010			September 30, 2010			December 31, 2010
Cash and cash equivalents	$	3,097		$	4,816		$	3,827		$	3,685		$	2,861

Investments - Ending Balances
Available-for-Sale Securities
Corporate debt securities	16,123			15,629			16,078			17,093			16,606

Residential mortgage backed securities	7,770			7,317			7,473			7,481			7,258
Commercial mortgage backed securities	4,613			4,467			4,681			4,969			4,868
Asset backed securities	1,994			1,968			1,966			2,009			2,020
Total mortgage and other asset backed securities	14,377			13,752			14,120			14,459			14,146

Other structured investments	58			—			—			—			—
State and municipal obligations	1,417			1,569			1,608			1,695			1,582
US government and agencies obligations	387			229			178			147			143
Foreign government bonds and obligations	108			108			110			112			108
Common and preferred stocks	43			50			48			54			10
Other AFS	33			77			74			26			24
Total other	2,046			2,033			2,018			2,034			1,867
Total available-for-sale securities	32,546			31,414			32,216			33,586			32,619

Commercial mortgage loans	2,695			2,682			2,670			2,670			2,615
Allowance for loan losses	(32		)	(39		)	(39		)	(39		)	(38		)
Commercial mortgage loans, net	2,663			2,643			2,631			2,631			2,577

Policy loans	720			720			725			732			733
Trading securities	556			544			547			571			565
Other investments	453			444			407			460			559
Total investments	36,938			35,765			36,526			37,980			37,053

Total cash, cash equivalents and investments	$	40,035		$	40,581		$	40,353		$	41,665		$	39,914

Net unrealized gain Available-for-Sale Securities	$	686		$	1,031		$	1,581		$	2,272		$	1,486

AFS Fixed Maturity Asset Quality - %
AAA	41		%	41		%	41		%	39		%	39		%
AA	5		%	5		%	6		%	6		%	6		%
AFS securities AA and above	46		%	46		%	47		%	45		%	45		%
A	15		%	15		%	14		%	15		%	14		%
BBB	33		%	34		%	34		%	35		%	35		%
Below investment grade	6		%	5		%	5		%	5		%	6		%
Total AFS fixed maturity asset quality - %	100		%	100		%	100		%	100		%	100		%

Fair Value of Below Investment Grade Investments as a % of Total cash and investments	5		%	5		%	5		%	5		%	5		%

(1) Investments excluding investments of CIEs.

Ameriprise Financial, Inc.

Disclosed Items

4 Qtr 2010

Excluded from Operating Earnings

	Advice & Wealth Management		Asset Management						Annuities			Protection			Corporate
	Securities		Securities			Integration			Securities			Securities			Securities			Restructuring
(in millions, unaudited)	Gains/(Losses) (1)		Gains/(Losses) (1)			Charges (2)			Gains/(Losses) (1)			Gains/(Losses) (1)			Gains/(Losses) (1)			Charges (3)			CIEs (4)
Revenues
Management and financial advice fees	$	—	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Distribution fees	—		—			—			—			—			—			—			—
Net investment income	1		1			—			3			(1		)	15			—			24
Premiums	—		—			—			—			—			—			—			—
Other revenues	—		—			—			—			—			—			—			13
Total revenues	1		1			—			3			(1		)	15			—			37
Banking and deposit interest expense	—		—			—			—			—			—			—			—
Total net revenues	1		1			—			3			(1		)	15			—			37

Expenses
Distribution expenses	—		—			—			—			—			—			—			—
Interest credited to fixed accounts	—		—			—			—			—			—			—			—
Benefits, claims, losses and settlement expenses	—		—			—			—			—			—			—			—
Amortization of deferred acquisition costs	—		—			—			—			—			—			—			—
Interest and debt expense	—		—			—			—			—			—			—			51
General and administrative expense	—		—			24			—			—			—			4			12
Total expenses	—		—			24			—			—			—			4			63
Pretax segment income (loss)	1		1			(24		)	3			(1		)	15			(4		)	(26		)
Less: Net income (loss) attributable to noncontrolling interest	—		—			—			—			—			—			—			(26		)
Pretax segment gain (loss) attributable to Ameriprise Financial	$	1	$	1		$	(24	)	$	3		$	(1	)	$	15		$	(4	)	$	—

Included in Operating Earnings

	Asset Management		Annuities						Protection
	Hedge Fund		VA			Market			Market			Auto Liability			Phoenix
	Performance		Guarantee			Impacts			Impacts			Reserve			Hail Storm
(in millions, unaudited)	Fees (5)		Impacts (6)			to DAC/DSIC (7)			to DAC/DSIC (7)			Increase (8)			Expense (9)
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	—		73			(3		)	—			16			11
Amortization of deferred acquisition costs	—		(30		)	(20		)	(3		)	—			—
Interest and debt expense	—		—			—			—			—			—
General and administrative expense	*		—			—			—			—			—
Total expenses	—		43			(23		)	(3		)	16			11
Pretax segment income (loss)	22		(43		)	23			3			(16		)	(11		)
Less: Net income (loss) attributable to noncontrolling interest	—		—			—			—			—			—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	22	$	(43	)	$	23		$	3		$	(16	)	$	(11	)

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

(2) Non-recurring integration charges related to Columbia Management acquisition

(3) Severance and related expenses for ending variable annuity distribution through non-Ameriprise distribution channels

(4) Reflects revenues and expenses of Consolidated Investment Entities

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

(6) Variable annuity guarantee impacts include:

$78 million net expense related to hedged variable annuity living benefits

$35 million decrease in DAC and DSIC amortization resulting from hedged living benefits offset

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

(8) Reserve increase for higher auto liability claims in both the third and fourth quarters of 2010

(9) Higher claims driven by a hail storm in the Phoenix area

Ameriprise Financial, Inc.

Disclosed Items

3 Qtr 2010

Excluded from Operating Earnings

	Advice & Wealth Management			Asset Management						Annuities			Corporate
	Integration			Securities			Integration			Securities			Securities
(in millions, unaudited)	Charges (2)			Gains/(Losses) (1)			Charges (2)			Gains/(Losses) (1)			Gains/(Losses) (1)			CIEs (3)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—			—
Net investment income	—			1			—			(1		)	2			17
Premiums	—			—			—			—			—			—
Other revenues	—			—			—			—			—			9
Total revenues	—			1			—			(1		)	2			26
Banking and deposit interest expense	—			—			—			—			—			—
Total net revenues	—			1			—			(1		)	2			26

Expenses
Distribution expenses	—			—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—
Interest and debt expense	—			—			—			—			—			45
General and administrative expense	1			—			18			—			—			13
Total expenses	1			—			18			—			—			58
Pretax segment income (loss)	(1		)	1			(18		)	(1		)	2			(32		)
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—			(32		)
Pretax segment gain (loss) attributable to Ameriprise Financial	$	(1	)	$	1		$	(18	)	$	(1	)	$	2		$	—

Included in Operating Earnings

	Annuities									Protection
	VA			Market			Valuation			Market			Valuation
	Guarantee			Impacts			Assumptions &			Impacts			Assumptions &
(in millions, unaudited)	Impacts (4)			to DAC/DSIC (5)			Model Changes (6)			to DAC/DSIC (5)			Model Changes (6)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—
Net investment income	—			—			—			—			—
Premiums	—			—			—			—			—
Other revenues	—			—			—			—			(20		)
Total revenues	—			—			—			—			(20		)
Banking and deposit interest expense	—			—			—			—			—
Total net revenues	—			—			—			—			(20		)

Expenses
Distribution expenses	—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—
Benefits, claims, losses and settlement expenses	31			(5		)	210			—			44
Amortization of deferred acquisition costs	(9		)	(24		)	(315		)	(10		)	(15		)
Interest and debt expense	—			—			—			—			—
General and administrative expense	—			—			—			—			—
Total expenses	22			(29		)	(105		)	(10		)	29
Pretax segment income (loss)	(22		)	29			105			10			(49		)
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	(22	)	$	29		$	105		$	10		$	(49	)

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

(2) Non-recurring integration charges related to H&R Block Financial Advisors and Columbia Management acquisitions

(3) Reflects revenues and expenses of Consolidated Investment Entities

(4) Variable annuity guarantee impacts include:

$34 million net expense related to hedged variable annuity living benefits

$8 million decrease in DAC and DSIC amortization resulting from hedged living benefits offset

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

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

(6) Net pretax impact of annual review/updating of valuation assumptions and model changes. Net pretax impacts include:

$155 million benefit from persistency improvements

$85 million expense from resetting near-term equity return assumptions equal to the long-term assumptions and reducing both near- and long-term bond fund return assumptions

$14 million expense from all other assumption and model changes

Ameriprise Financial, Inc.

Disclosed Items

2 Qtr 2010

Excluded from Operating Earnings

	Advice & Wealth Management						Asset Management			Annuities			Protection			Corporate
	Securities			Integration			Integration			Securities			Securities			Securities			Integration
(in millions, unaudited)	Gains/(Losses) (1)			Charges (2)			Charges (2)			Gains/(Losses) (1)			Gains/(Losses) (1)			Gains/(Losses) (1)			Charges (2)			CIEs (3)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—			—			—			—
Net investment income	1			—			—			4			1			1			—			155
Premiums	—			—			—			—			—			—			—			—
Other revenues	—			—			—			—			—			—			—			46
Total revenues	1			—			—			4			1			1			—			201
Banking and deposit interest expense	—			—			—			—			—			—			—			—
Total net revenues	1			—			—			4			1			1			—			201

Expenses
Distribution expenses	—			—			—			—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—
Interest and debt expense	—			—			—			—			—			—			—			45
General and administrative expense	—			4			48			—			—			—			5			17
Total expenses	—			4			48			—			—			—			5			62
Pretax segment income (loss)	1			(4		)	(48		)	4			1			1			(5		)	139
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—			—			—			139
Pretax segment gain (loss) attributable to Ameriprise Financial	$	1		$	(4	)	$	(48	)	$	4		$	1		$	1		$	(5	)	$	—

Included in Operating Earnings

	Annuities												Protection									Corporate
	VA			Market									Market
	Guarantee			Impacts			Implementation			DAC/DSIC Model			Impacts			Implementation			DAC/DSIC Model			RiverSource
(in millions, unaudited)	Impacts (4)			to DAC/DSIC (5)			of EPN (6)			Updates (7)			to DAC/DSIC (5)			of EPN (6)			Updates (7)			2a-7 Fund (8)
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	(64		)	6			17			(5		)	—			—			—			—
Amortization of deferred acquisition costs	39			29			(11		)	(21		)	4			(6		)	(7		)	—
Interest and debt expense	—			—			—			—			—			—			—			—
General and administrative expense	—			—			—			—			—			—			—			8
Total expenses	(25		)	35			6			(26		)	4			(6		)	(7		)	8
Pretax segment income (loss)	25			(35		)	(6		)	26			(4		)	6			7			(8		)
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—			—			—			—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	25		$	(35	)	$	(6	)	$	26		$	(4	)	$	6		$	7		$	(8	)

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

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

(3) Reflects revenues and expenses of Consolidated Investment Entities.

(4) Variable annuity guarantee impacts include:

$ 74 million net benefit related to hedged variable annuity living benefits.

$ 49 million increase in DAC and DSIC amortization resulting from hedged living benefits offset.

(5) Increase in DAC and DSIC amortization from lower period ending account values.

(6) Increase / (decrease) in expense related to the implementation of Enhanced Portfolio Navigator (EPN).

(7) Revisions to certain calculations in the valuation of DAC and DSIC.

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

Ameriprise Financial, Inc.

Disclosed Items

1 Qtr 2010

Excluded from Operating Earnings

	Advice & Wealth Management						Asset Management						Annuities		Protection		Corporate
	Securities			Integration			Securities			Integration			Securities		Securities		Securities
(in millions, unaudited)	Gains / (Losses) (1)			Charges (2)			Gains / (Losses) (1)			Charges (2)			Gains / (Losses) (1)		Gains / (Losses) (1)		Gains / (Losses) (1)		CIEs (3)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—	$	—	$	—	$	—
Distribution fees	—			—			—			—			—		—		—		—
Net investment income	(1		)	—			1			—			3		1		1		79
Premiums	—			—			—			—			—		—		—		—
Other revenues	—			—			—			—			—		—		—		57
Total revenues	(1		)	—			1			—			3		1		1		136
Banking and deposit interest expense	—			—			—			—			—		—		—		—
Total net revenues	(1		)	—			1			—			3		1		1		136

Expenses
Distribution expenses	—			—			—			—			—		—		—		—
Interest credited to fixed accounts	—			—			—			—			—		—		—		—
Benefits, claims, losses and settlement expenses	—			—			—			—			—		—		—		—
Amortization of deferred acquisition costs	—			—			—			—			—		—		—		—
Interest and debt expense	—			—			—			—			—		—		—		40
General and administrative expense	—			2			—			5			—		—		—		14
Total expenses	—			2			—			5			—		—		—		54
Pretax segment income (loss)	(1		)	(2		)	1			(5		)	3		1		1		82
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—		—		—		82
Pretax segment gain (loss) attributable to Ameriprise Financial	$	(1	)	$	(2	)	$	1		$	(5	)	$	3	$	1	$	1	$	—

Included in Operating Earnings

	Advice & Wealth Management			Asset Management			Annuities			Corporate
	Reserve			Threadneedle			VA Cash			Reserve
(in millions, unaudited)	Fund (4)			Valuation (5)			Impact (6)			Fund (4)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—
Net investment income	2			—			(5		)	—
Premiums	—			—			—			—
Other revenues	—			—			—			20
Total revenues	2			—			(5		)	20
Banking and deposit interest expense	—			—			—			—
Total net revenues	2			—			(5		)	20

Expenses
Distribution expenses	—			—			—			—
Interest credited to fixed accounts	—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—
Amortization of deferred acquisition costs	—			—			—			—
Interest and debt expense	—			—			—			—
General and administrative expense	—			27			—			—
Total expenses	—			27			—			—
Pretax segment income (loss)	2			(27		)	(5		)	20
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	2		$	(27	)	$	(5	)	$	20

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

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

(3) Reflects revenues and expenses of Consolidated Investment Entities.

(4) Benefit from payments by the Reserve Fund.

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

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

Ameriprise Financial, Inc.

Disclosed Items

4 Qtr 2009

Excluded from Operating Earnings

	Advice & Wealth Management						Asset Management			Annuities			Protection			Corporate
	Securities			Integration			Integration			Securities			Securities			Securities
(in millions, unaudited)	Gains/(Losses) (1)			Charges (2)			Charges (2)			Gains/(Losses) (1)			Gains/(Losses) (1)			Gains/(Losses) (1)			CIEs (3)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—			—			—
Net investment income	(2		)	—			—			16			13			(9		)	1
Premiums	—			—			—			—			—			—			—
Other revenues	—			—			—			—			—			—			43
Total revenues	(2		)	—			—			16			13			(9		)	44
Banking and deposit interest expense	—			—			—			—			—			—			3
Total net revenues	(2		)	—			—			16			13			(9		)	41

Expenses
Distribution expenses	—			—			—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—
Interest and debt expense	—			—			—			—			—			—			—
General and administrative expense	—			15			7			—			—			—			4
Total expenses	—			15			7			—			—			—			4
Pretax segment income (loss)	(2		)	(15		)	(7		)	16			13			(9		)	37
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—			—			37
Pretax segment gain (loss) attributable to Ameriprise Financial	$	(2	)	$	(15	)	$	(7	)	$	16		$	13		$	(9	)	$	—

Included in Operating Earnings

	Asset Management			Annuities						Protection						Corporate
	Hedge Fund			VA			Market			Market
	Performance			Guarantee			Impacts			Impacts			Reserve			Legal
(in millions, unaudited)	Fees (4)			Impacts (5)			to DAC/DSIC (6)			to DAC/DSIC (6)			Increase (7)			Expenses (8)
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	—			5			—			—			14			—
Amortization of deferred acquisition costs	—			—			(3		)	(1		)	—			—
Interest and debt expense	—			—			—			—			—			—
General and administrative expense	*			—			—			—			—			19
Total expenses	—			5			(3		)	(1		)	14			19
Pretax segment income (loss)	30			(5		)	3			1			(14		)	(19		)
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—			—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	30		$	(5	)	$	3		$	1		$	(14	)	$	(19	)

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

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

(3) Reflects revenues and expenses of Consolidated Investment Entities.

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

(5) Variable annuity guarantee impacts include:

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

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

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

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

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

Ameriprise Financial, Inc.

Reconciliation of GAAP Metrics to Operating Metrics

Fourth Quarter 2010

																Year-to-Date
(in millions unless otherwise noted, unaudited)	4 Qtr 2009			1 Qtr 2010			2 Qtr 2010			3 Qtr 2010			4 Qtr 2010			2009			2010

Total revenues	$	2,269		$	2,271		$	2,577		$	2,450		$	2,678		$	7,805		$	9,976
Less CIEs	40			127			191			17			27			22			362
Plus Realized (gains) losses	(18		)	(5		)	(7		)	(2		)	(19		)	(53		)	(33		)
Operating total net revenues	$	2,211		$	2,139		$	2,379		$	2,431		$	2,632		$	7,730		$	9,581

Pretax income	$	331		$	361		$	466		$	442		$	365		$	920		$	1,634
Less CIEs	37			82			139			(32		)	(26		)	15			163
Pretax earnings excluding CIEs	294			279			327			474			391			905			1,471
Income tax provision	57			65			68			130			86			183			349
Net income	237			214			259			344			305			722			1,122
Integration/restructuring charges net of tax using the statutory rate of 35%	15			4			37			12			20			64			73
Realized (gains) losses net of tax using the statutory rate of 35%	(12		)	(3		)	(5		)	(1		)	(13		)	(34		)	(22		)
Operating earnings	$	240		$	215		$	291		$	355		$	312		$	752		$	1,173

Pretax income	$	331		$	361		$	466		$	442		$	365		$	920		$	1,634
Less CIEs	37			82			139			(32		)	(26		)	15			163
Pretax earnings excluding CIEs	294			279			327			474			391			905			1,471
Integration/restructuring charges	22			7			57			19			28			98			111
Realized (gains) losses	(18		)	(5		)	(7		)	(2		)	(19		)	(53		)	(33		)
Pretax operating earnings	$	298		$	281		$	377		$	491		$	400		$	950		$	1,549

Margin	10.4		%	9.4		%	10.1		%	14.0		%	11.4		%	9.3		%	11.2		%
Pretax operating margin	13.5		%	13.1		%	15.8		%	20.2		%	15.2		%	12.3		%	16.2		%
Operating margin	10.9		%	10.1		%	12.2		%	14.6		%	11.9		%	9.7		%	12.2		%

Weighted average common shares outstanding
Basic	258.9			260.8			261.1			255.3			252.7			242.2			257.4
Diluted	263.3			265.0			265.3			259.9			258.9			244.4			262.3

Basic earnings per share	$	0.92		$	0.82		$	0.99		$	1.35		$	1.21		$	2.98		$	4.36
Earnings per diluted share	$	0.90		$	0.81		$	0.98		$	1.32		$	1.18		$	2.95		$	4.28

Basic operating earnings per share	$	0.93		$	0.83		$	1.11		$	1.39		$	1.23		$	3.10		$	4.56
Operating earnings per diluted share	$	0.91		$	0.81		$	1.10		$	1.37		$	1.21		$	3.08		$	4.47

Ameriprise Financial, Inc.

Reconciliation of GAAP Metrics to Operating Metrics

Fourth Quarter 2010

(in millions unless otherwise noted, unaudited)	December 31, 2009			March 31, 2010			June 30, 2010			September 30, 2010			December 31, 2010

Long-term Debt Summary
Senior notes	$	1,540		$	2,284		$	2,356		$	2,407		$	2,003
Junior subordinated notes	322			322			322			322			308
Non-recourse debt for inverse floaters	6			6			6			6			6
Total Ameriprise Financial long-term debt	1,868			2,612			2,684			2,735			2,317
Less non-recourse debt for inverse floaters	6			6			6			6			6
Less fair value of hedges and unamortized discount	—			(6		)	66			117			53
Total Ameriprise Financial long-term debt excluding non-recourse debt for inverse floaters, fair value of hedges and unamortized discount	1,862			2,612			2,612			2,612			2,258
Less Junior subordinated notes 75% equity credit	242			242			242			242			231
Total Ameriprise Financial long-term debt excluding non-recourse debt for inverse floaters, fair value of hedges, unamortized discount and 75% equity credit	$	1,620		$	2,370		$	2,370		$	2,370		$	2,027

Total equity including accumulated other comprehensive income, net of tax	$	9,872		$	10,696		$	11,119		$	11,504		$	11,310
Less Noncontrolling interests	603			592			621			554			560

Total Ameriprise Financial shareholders’ equity	9,269			10,104			10,498			10,950			10,750
Less Equity of consolidated investment entities	—			482			596			561			529
Total Ameriprise Financial shareholders’ equity excluding CIEs	$	9,269		$	9,622		$	9,902		$	10,389		$	10,221

Total Ameriprise Financial long-term debt	$	1,868		$	2,612		$	2,684		$	2,735		$	2,317
Total Ameriprise Financial shareholders’ equity	9,269			10,104			10,498			10,950			10,750
Total Ameriprise Financial capital	11,137			12,716			13,182			13,685			13,067
Less non-recourse debt for inverse floaters	6			6			6			6			6
Less equity of consolidated investment entities	—			482			596			561			529
Less fair value of hedges and unamortized discount	—			(6		)	66			117			53
Total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, non-recourse debt for inverse floaters, and equity of CIEs	$	11,131		$	12,234		$	12,514		$	13,001		$	12,479

Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	16.8		%	20.5		%	20.4		%	20.0		%	17.7		%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, non-recourse debt for inverse floaters and equity of CIEs	16.7		%	21.4		%	20.9		%	20.1		%	18.1		%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, non-recourse debt for inverse floaters and equity of CIEs and 75% equity credit	14.6		%	19.4		%	18.9		%	18.2		%	16.2		%

Ameriprise Financial shareholders’ equity	$	9,269		$	10,104		$	10,498		$	10,950		$	10,750
AOCI	265			367			607			897			565
Appropriated retained earnings of CIEs	—			508			620			590			558
AOCI attributable to CIEs	—			26			24			29			29

Ameriprise Financial shareholders’ equity	$	9,269		$	10,104		$	10,498		$	10,950		$	10,750
Less AOCI	265			367			607			897			565
Ameriprise Financial shareholders’ equity excluding AOCI	$	9,004		$	9,737		$	9,891		$	10,053		$	10,185

Ameriprise Financial shareholders’ equity	$	9,269		$	10,104		$	10,498		$	10,950		$	10,750
Less Appropriated retained earnings of CIEs	—			508			620			590			558
Plus AOCI attributable to CIEs	—			26			24			29			29
Ameriprise Financial shareholders’ equity excluding CIEs	$	9,269		$	9,622		$	9,902		$	10,389		$	10,221

Ameriprise Financial shareholders’ equity	$	9,269		$	10,104		$	10,498		$	10,950		$	10,750
Less Appropriated retained earnings of CIEs	—			508			620			590			558
Less AOCI	265			367			607			897			565
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI	$	9,004		$	9,229		$	9,271		$	9,463		$	9,627

	Page
Ameriprise Financial, Inc.
Statistical Supplement Presentation	4
Consolidated GAAP Income Statements	5
Consolidated Investment Entities Income Statements	6
Consolidated GAAP Income Statements Excluding Consolidated Investment Entities	7
Highlights	9
Common Share, Per Share and Capital Summary	10
Segment Summary	11
Advice & Wealth Management Segment
Segment Income Statements	14
Segment Metrics	15
Asset Management Segment
Segment Income Statements	17
Segment Metrics	18
Columbia Asset Management Products	19
Threadneedle Asset Management Products	20
Mutual Fund Performance	21
Annuities Segment
Segment Income Statements	23
Segment Metrics	24
Protection Segment
Segment Income Statements	26
Segment Metrics	27
Corporate & Other Segment
Segment Income Statements	29
Impact of Consolidated Investment Entities	30
Segment Income Statements Excluding Consolidated Investment Entities	31
Eliminations
Income Statements	32
Balance Sheet and Ratings Information
Consolidated Balance Sheets	34
Capital and Ratings Information	35
Investments	36
Non-GAAP Financial Information	37
Glossary of Selected Terminology
Glossary of Selected Terminology - Segments	38
Glossary of Selected Terminology	39
Exhibit A
Disclosed Items	41
Exhibit B
Reconciliation of GAAP Metrics to Operating Metrics	47

	Three Months Ended December 31, 2010
	Advice & Wealth			Asset								Corporate
(in millions unless otherwise noted, unaudited)	Management			Management			Annuities			Protection		& Other			Consolidated
GAAP pretax income (loss)	$	91		$	140		$	131		$	85	$	(82	)	$	365
Impact of the CIEs	—			—			—			—		(26		)	(26		)
Pretax earnings (loss) excluding CIEs (1)	91			140			131			85		(56		)	391
Integration/restructuring charges	—			24			—			—		4			28
Realized (gains) losses	(1		)	(1		)	(3		)	1		(15		)	(19		)
Pretax operating earnings (loss) (1)	$	90		$	163		$	128		$	86	$	(67	)	400
Income tax provision (2)															88
Operating earnings (1)															$	312