Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2012

Basis of Presentation

Effect of adopting the updated accounting standard for deferred acquisition costs

	Three Months Ended September 30, 2011
	Previously
	Reported			Effect of Change			As Adjusted
	(in millions)
Revenues
Total net revenues	$	2,455		$	—		$	2,455
Expenses
Distribution expenses	624			17			641
Interest credited to fixed accounts	213			1			214
Benefits, claims, losses and settlement expenses	257			1			258
Amortization of deferred acquisition costs	318			(116		)	202
Interest and debt expense	71			—			71
General and administrative expense	725			18			743
Total expenses	2,208			(79		)	2,129
Income from continuing operations before income tax provision	247			79			326
Income tax provision	81			28			109
Income from continuing operations	166			51			217
Income from discontinued operations, net of tax	2			—			2
Net income	168			51			219
Less: Net loss attributable to noncontrolling interests	(105		)	—			(105		)
Net income attributable to Ameriprise Financial	$	273		$	51		$	324
Earnings per share attributable to Ameriprise Financial, Inc. common shareholders
Basic
Income from continuing operations	$	1.14		$	0.21		$	1.35
Income from discontinued operations	0.01			—			0.01
Net income	$	1.15		$	0.21		$	1.36
Diluted
Income from continuing operations	$	1.12		$	0.21		$	1.33
Income from discontinued operations	0.01			—			0.01
Net income	$	1.13		$	0.21		$	1.34

	Nine Months Ended September 30, 2011
	Previously
	Reported			Effect of Change			As Adjusted
	(in millions)
Revenues
Total net revenues	$	7,610		$	—		$	7,610
Expenses
Distribution expenses	1,886			48			1,934
Interest credited to fixed accounts	632			2			634
Benefits, claims, losses and settlement expenses	1,045			1			1,046
Amortization of deferred acquisition costs	572			(206		)	366
Interest and debt expense	221			—			221
General and administrative expense	2,221			67			2,288
Total expenses	6,577			(88		)	6,489
Income from continuing operations before income tax provision	1,033			88			1,121
Income tax provision	288			31			319
Income from continuing operations	745			57			802
Loss from discontinued operations, net of tax	(73		)	—			(73		)
Net income	672			57			729
Less: Net loss attributable to noncontrolling interests	(151		)	—			(151		)
Net income attributable to Ameriprise Financial	$	823		$	57		$	880
Earnings per share attributable to Ameriprise Financial, Inc. common shareholders
Basic
Income from continuing operations	$	3.66		$	0.23		$	3.89
Loss from discontinued operations	(0.30		)	—			(0.30		)
Net income	$	3.36		$	0.23		$	3.59
Diluted
Income from continuing operations	$	3.58		$	0.23		$	3.81
Loss from discontinued operations	(0.29		)	—			(0.29		)
Net income	$	3.29		$	0.23		$	3.52

	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