Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2012

Basis of Presentation

Effect of adopting the updated accounting standard for deferred acquisition costs

	Three Months Ended June 30, 2011
	Previously
	Reported			Effect of Change			As Adjusted
	(in millions)
Revenues
Total net revenues	$	2,623		$	—		$	2,623
Expenses
Distribution expenses	643			16			659
Interest credited to fixed accounts	212			—			212
Benefits, claims, losses and settlement expenses	406			(1		)	405
Amortization of deferred acquisition costs	138			(49		)	89
Interest and debt expense	75			—			75
General and administrative expense	750			24			774
Total expenses	2,224			(10		)	2,214
Income from continuing operations before income tax provision	399			10			409
Income tax provision	114			4			118
Income from continuing operations	285			6			291
Loss from discontinued operations, net of tax	(4		)	—			(4		)
Net income	281			6			287
Less: Net loss attributable to noncontrolling interests	(28		)	—			(28		)
Net income attributable to Ameriprise Financial	$	309		$	6		$	315
Earnings per share attributable to Ameriprise Financial, Inc. common shareholders
Basic
Income from continuing operations	$	1.28		$	0.02		$	1.30
Loss from discontinued operations	(0.02		)	—			(0.02		)
Net income	$	1.26		$	0.02		$	1.28
Diluted
Income from continuing operations	$	1.25		$	0.02		$	1.27
Loss from discontinued operations	(0.02		)	—			(0.02		)
Net income	$	1.23		$	0.02		$	1.25

	Six Months Ended June 30, 2011
	Previously
	Reported			Effect of Change			As Adjusted
	(in millions)
Revenues
Total net revenues	$	5,155		$	—		$	5,155
Expenses
Distribution expenses	1,262			31			1,293
Interest credited to fixed accounts	419			1			420
Benefits, claims, losses and settlement expenses	788			—			788
Amortization of deferred acquisition costs	254			(90		)	164
Interest and debt expense	150			—			150
General and administrative expense	1,496			49			1,545
Total expenses	4,369			(9		)	4,360
Income from continuing operations before income tax provision	786			9			795
Income tax provision	207			3			210
Income from continuing operations	579			6			585
Loss from discontinued operations, net of tax	(75		)	—			(75		)
Net income	504			6			510
Less: Net loss attributable to noncontrolling interests	(46		)	—			(46		)
Net income attributable to Ameriprise Financial	$	550		$	6		$	556
Earnings per share attributable to Ameriprise Financial, Inc. common shareholders
Basic
Income from continuing operations	$	2.51		$	0.03		$	2.54
Loss from discontinued operations	(0.30		)	—			(0.30		)
Net income	$	2.21		$	0.03		$	2.24
Diluted
Income from continuing operations	$	2.46		$	0.02		$	2.48
Loss from discontinued operations	(0.30		)	—			(0.30		)
Net income	$	2.16		$	0.02		$	2.18

	December 31, 2011
	Previously
	Reported		Effect of Change			As Adjusted
	(in millions)
Assets
Deferred acquisition costs	$	4,402	$	(1,962	)	$	2,440
Other assets	7,468		283			7,751
Total assets	133,986		(1,679		)	132,307
Liabilities and Equity
Liabilities:
Future policy benefits and claims	31,723		(13		)	31,710
Other liabilities	5,432		(399		)	5,033
Total liabilities	123,025		(412		)	122,613
Equity:
Retained earnings	6,983		(1,380		)	5,603
Accumulated other comprehensive income, net of tax	638		113			751
Total equity	10,961		(1,267		)	9,694
Total liabilities and equity	$	133,986	$	(1,679	)	$	132,307

	December 31, 2010
	Previously
	Reported		Effect of Change			As Adjusted
	(in millions)
Retained earnings	$	6,190	$	(1,420	)	$	4,770
Accumulated other comprehensive income, net of tax	565		85			650
Total equity	$	11,285	$	(1,335	)	$	9,950