8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

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

Date of Report (Date of earliest event reported)  April 28, 2014

AMERIPRISE FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-32525	13-3180631
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

55 Ameriprise Financial Center Minneapolis, Minnesota	55474
(Address of principal executive offices)	(Zip Code)

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

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

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

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

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

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

Item 2.02Results of Operations and Financial Condition.

On April 28, 2014, Ameriprise Financial, Inc. (the “Company,” “we,” or “our”) issued a press release announcing its financial results for the first quarter of 2014.  A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference and furnished herewith. In addition, the Company furnishes herewith, as Exhibit 99.2, its Statistical Supplement for the quarterly period ended March 31, 2014.

We follow accounting principles generally accepted in the United States (“GAAP”). The press release furnished as Exhibit 99.1 and the financial information furnished as Exhibit 99.2 include information on both a GAAP and non-GAAP adjusted basis. Certain non-GAAP performance measures in these exhibits exclude the impact of consolidating certain investment entities (“CIEs”), as well as certain integration/restructuring charges, the cessation of the deposit-taking and lending activities of Ameriprise National Trust Bank, market impact on variable annuity guaranteed benefits, market impact on indexed universal life benefits, realized gains (losses) and income (loss) from discontinued operations. Management believes that the presentation of these non-GAAP financial measures better reflects the underlying performance of our 2014 and 2013 core operations and facilitates a more meaningful trend analysis. Exhibits 99.1 and 99.2 also contain certain non-GAAP debt, capital and shareholders’ equity measures, along with financial ratios incorporating such measures that exclude amounts related to one or more of the following: accumulated other comprehensive income (“AOCI”), fair value of hedges, unamortized discount and the impact of consolidating the assets and liabilities of certain CIEs.  Management believes that these non-GAAP debt, capital and shareholders’ equity measures, and the corresponding ratios, better represent our capital structure, and, in the case of adjustments related to former banking operations, these non-GAAP measures enable better comparability of year-over-year results. Management uses certain of these non-GAAP measures to evaluate our financial performance on a basis comparable to that used by some securities analysts and investors. Also, certain of these non-GAAP measures are taken into consideration, to varying degrees, for purposes of business planning and analysis and for certain compensation-related matters.

Our non-GAAP financial measures included in Exhibits 99.1 and 99.2, which our management views as important indicators of financial performance, include the following: adjusted net pretax operating margin; adjusted operating earnings; adjusted operating revenues; Ameriprise Financial shareholders’ equity excluding AOCI; Ameriprise Financial shareholders’ equity excluding CIEs; Ameriprise Financial shareholders’ equity excluding CIEs and AOCI; basic operating earnings per share; effective tax rate excluding noncontrolling interests; operating earnings; operating earnings per diluted share; operating effective tax rate; operating expenses; operating return on equity excluding AOCI; operating total net revenues; pretax operating earnings; pretax operating margin; return on equity excluding AOCI; total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs; total Ameriprise Financial long-term debt excluding fair value of hedges and unamortized discount; total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs; and various financial measures that exclude the results of former banking operations.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.	Description
Exhibit 99.1	Press Release dated April 28, 2014 announcing financial results for the first quarter of 2014
Exhibit 99.2	Statistical Supplement for the quarterly period ended March 31, 2014

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SIGNATURES

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

	AMERIPRISE FINANCIAL, INC.
	(Registrant)
Date: April 28, 2014	By	/s/ Walter S. Berman
		Walter S. Berman
		Executive Vice President and
		Chief Financial Officer

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EX-99.1

Exhibit 99.1

Ameriprise Financial, Inc. Ameriprise Financial Center Minneapolis, MN 55474

News Release

Ameriprise Financial Reports
First Quarter 2014 Results

First quarter 2014 net income(1) per diluted share was $2.01, operating EPS up 28 percent to $2.04

First quarter 2014 return on equity excluding AOCI was 18.2 percent,
operating ROE increased 440 bps to a record 20.8 percent

Operating earnings from Advice & Wealth Management and Asset Management
up 36 percent from a year ago

Company raises regular quarterly dividend 12 percent to $0.58 per diluted share;
announces additional $2.5 billion share repurchase authorization

MINNEAPOLIS – April 28, 2014 – Ameriprise Financial, Inc. (NYSE: AMP) today reported first quarter 2014 net income(1) of $401 million, or $2.01 per diluted share. Operating earnings were $407 million, up 20 percent from a year ago, with operating earnings per diluted share up 28 percent to $2.04.

Operating net revenues increased 8 percent to $2.8 billion, driven by strong fee-based business growth from client net inflows and increased client activity, as well as market appreciation, which more than offset pressure from continued low interest rates.

Operating expenses increased 6 percent to $2.3 billion reflecting increased volume-related distribution expense. General and administrative expenses remained flat compared to a year ago, reflecting the company’s ongoing expense discipline.

In the quarter, segment pretax operating earnings from Advice & Wealth Management and Asset Management grew 36 percent to $364 million, continuing our earnings mix shift progression with these two businesses representing more than 60 percent of company earnings.(2)

In the quarter, the company returned $457 million to shareholders through share repurchases and dividends.

“Ameriprise delivered another strong quarter,” said Jim Cracchiolo, chairman and chief executive officer. “Revenues and earnings were up nicely and our operating return on equity reached a new record of 20.8 percent.”

“Our advisory and asset management businesses continue to drive our growth. Clients committed record flows to fee-based wrap programs and we’re steadily driving improvement in advisor productivity.

“With our strong capital position and free cash flow, we returned more than $450 million to shareholders through share repurchases and dividends. And today, the board authorized an additional $2.5 billion share repurchase program and announced another increase of our regular quarterly dividend, raising it 12 percent.”

(1)Net income represents net income from continuing operations attributable to Ameriprise Financial.

(2)Excludes Corporate & Other segment.

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Ameriprise Financial, Inc.
First Quarter Summary

	Quarter Ended March 31,				% Better/		Per Diluted Share Quarter Ended March 31,				% Better/
(in millions, except per share amounts, unaudited)	2014		2013		(Worse)		2014		2013		(Worse)
Net income from continuing operations attributable to Ameriprise Financial	$	401	$	336	19	%	$	2.01	$	1.58	27	%
Adjustments, net of tax (1) (see reconciliation on p. 11)	6		2				0.03		0.01
Operating earnings (2)	$	407	$	338	20	%	$	2.04	$	1.59	28	%
Weighted average common shares outstanding:
Basic	195.5		208.4
Diluted	199.1		212.3

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

(2)   The company believes the presentation of operating earnings best represents the economics of the business. Operating
earnings, after-tax, exclude the consolidation of certain investment entities; net realized gains or losses; integration and restructuring charges; the market impact on variable annuity guaranteed benefits net of hedges and related deferred acquisition costs (DAC) and deferred sales inducement costs (DSIC) amortization; the market impact on indexed universal life benefits, net of hedges and related DAC amortization, unearned revenue amortization, and the reinsurance accrual; and income or loss from discontinued operations.

Overall, results in the quarter were strong and included $5 million after tax, or $0.03 per diluted share, of favorable impacts from the market impact on DAC and DSIC. Other items are discussed in more detail in the segment commentary, including a favorable item in variable annuities that was offset by reserve strengthening and weather-related expenses for auto and home.

Taxes

The first quarter 2014 operating effective tax rate was 25.2 percent compared to 26.5 percent a year ago. The quarter included a $17 million benefit from the completion of tax audits from previous years. The company estimates that its full year 2014 operating effective tax rate will be in the 28 to 30 percent range.

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First Quarter 2014 Business Highlights

·Total assets under management and administration grew 11 percent from a year ago to $783 billion driven by Ameriprise advisor client net inflows and market appreciation.

·Ameriprise advisor client assets grew 12 percent to a record $418 billion and total wrap assets increased 19 percent to $159 billion. Wrap net inflows in the quarter were a record $4.2 billion.

·Advisor productivity continues to improve. On a trailing 12-month basis, operating net revenue per advisor, excluding results from former banking operations, grew 15 percent to $454,000.

·Experienced advisor recruiting remained solid, with 76 experienced advisors moving their practices to Ameriprise during the quarter and the recruiting pipeline remains good.

·Asset Management segment AUM increased 8 percent to $504 billion, driven by market appreciation, partially offset by $3.9 billion of net outflows in the quarter.

·In April, Threadneedle was awarded a $5.5 billion mandate that is expected to fund in the second quarter.

·The company has 113 four- and five-star rated funds, with 51 funds managed by Columbia Management and 62 managed by Threadneedle.

·Strong sales of indexed universal life products drove a 22 percent increase in VUL/UL cash sales.

·The company increased its regular quarterly dividend 12 percent to $0.58 per diluted share payable on May 23, 2014 to shareholders of record as of May 9, 2014. The company also announced an additional $2.5 billion share repurchase authorization.

·Excess capital was approximately $2 billion after repurchasing 3.2 million shares of common stock in the quarter for $354 million and paying $103 million in quarterly dividends. The company also currently holds $500 million of capital for contingencies that is above required levels, primarily for variable annuity products.

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Segment Summaries

Ameriprise Financial, Inc.
Advice & Wealth Management Segment Operating Results

	Quarter Ended March 31,						% Better/
(in millions, unaudited)	2014			2013			(Worse)
Advice & Wealth Management
Net revenues	$	1,149		$	1,018		13	%
Expenses	968			888			(9	)
Pretax operating earnings	$	181		$	130		39
Pretax operating margin	15.8		%	12.8		%

	Quarter Ended March 31,				% Better/
	2014		2013		(Worse)
Retail client assets (billions)	$	418	$	372	12	%
Mutual fund wrap net flows (billions)	$	4.2	$	4.1	3	%
Operating net revenue per branded advisor, excluding former banking operations (trailing 12 months – thousands)	$	454	$	395	15	%

Advice & Wealth Management pretax operating earnings increased 39 percent to $181 million, reflecting robust revenue growth and expense controls. First quarter 2014 pretax operating margin was 15.8 percent compared to 12.8 percent a year ago.

Operating net revenues grew 13 percent to $1.1 billion driven by asset growth in fee-based accounts from client inflows and improved client activity, as well as market appreciation.

Operating expenses increased 9 percent to $968 million as business growth resulted in higher distribution expenses. General and administrative expenses declined 1 percent, demonstrating ongoing expense discipline.

Total retail client assets grew 12 percent to $418 billion driven by client net inflows, client acquisition and market appreciation. Wrap net inflows increased 3 percent to a record $4.2 billion, and brokerage cash balances were $19.3 billion. The combination of asset growth and strong client activity drove a 15 percent increase in operating net revenue per advisor, excluding former banking operations, on a trailing 12-month basis.

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Ameriprise Financial, Inc.

Asset Management Segment Operating Results

	Quarter Ended March 31,						% Better/
(in millions, unaudited)	2014			2013			(Worse)
Asset Management
Net revenues	$	807		$	746		8	%
Expenses	624			608			(3	)
Pretax operating earnings	$	183		$	138		33
Adjusted net pretax operating margin	39.0		%	33.2		%

	Quarter Ended March 31,						% Better/
	2014			2013			(Worse)
Total segment AUM(1) (billions)	$	504		$	466		8	%
Columbia Management AUM	$	358		$	341		5	%
Threadneedle AUM	$	149		$	128		17	%
Total segment net flows (billions)	$	(3.9	)	$	(5.7	)	32	%
Retail net flows	$	(3.4	)	$	(0.1	)	NM
Institutional net flows	$	(0.8	)	$	(5.5	)	85	%
Alternative net flows	$	0.3		$	(0.1	)	NM

(1)   Subadvisory eliminations between Columbia Management and Threadneedle are included in the company’s First Quarter 2014 Statistical Supplement available at ir.ameriprise.com.

NM Not Meaningful — variance of greater than 100%

Asset Management pretax operating earnings increased 33 percent to $183 million driven by equity market appreciation and continued expense management, partially offset by the cumulative impact of net outflows.

Asset Management margins continue to be strong. In the first quarter, adjusted net pretax operating margin was 39.0 percent compared to 33.2 percent a year ago.

Operating net revenues grew 8 percent to $807 million, primarily driven by asset growth from market appreciation, as well as a shift to higher-fee, retail assets at Threadneedle, partially offset by the impact of net outflows.

Operating expenses increased 3 percent to $624 million, reflecting higher distribution expenses from market growth. Overall, expenses remained well controlled, with general and administrative expenses remaining flat.

Assets under management grew 8 percent to $504 billion, reflecting market appreciation, partially offset by net outflows. Retail net outflows of $3.4 billion in the quarter were driven by outflows at Columbia and a portfolio manager change at Threadneedle, partially offset by strong underlying retail net inflows at Threadneedle. Institutional flows reflected good traction in third-party mandates that offset continued outflows from legacy insurance mandates and former parent company affiliated distribution.

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Ameriprise Financial, Inc.

Annuities Segment Operating Results

	Quarter Ended March 31,				% Better/
(in millions, unaudited)	2014		2013		(Worse)
Annuities
Net revenues	$	636	$	624	2	%
Expenses	460		482		5
Pretax operating earnings	$	176	$	142	24
Variable annuity pretax operating earnings	$	145	$	105	38	%
Fixed annuity pretax operating earnings	31		37		(16	)
Total pretax operating earnings	$	176	$	142	24
Items included in operating earnings:
Market impact on DAC and DSIC (mean reversion)	$	8	$	14	(43	)%
Impact of variable annuity product changes	29		—		NM
Total annuities impact	$	37	$	14	NM

	Quarter Ended March 31,						% Better/
	2014			2013			(Worse)
Variable annuity ending account balances (billions)	$	75.9		$	70.9		7	%
Variable annuity net flows (millions)	$	(400	)	$	(193	)	NM
Fixed annuity ending account balances (billions)	$	12.9		$	13.7		(5	)%
Fixed annuity net flows (millions)	$	(415	)	$	(269	)	(54	)%

NM Not Meaningful — variance of greater than 100%

Annuities pretax operating earnings in the quarter increased 24 percent to $176 million compared to $142 million a year ago, reflecting new business growth, beneficial client behavior and market appreciation, partially offset by fixed annuity spread compression.

Variable annuity operating earnings increased 38 percent to $145 million. Equity market appreciation and beneficial client behavior more than offset higher distribution expenses from business growth and market appreciation. Managed volatility fund options introduced last year continue to be well received, with existing policyholders moving $1.8 billion of assets into the funds in the quarter. The new investment options enhance the overall product risk profile, and as a result, earnings included a $29 million benefit from this activity.

Fixed annuity operating earnings declined 16 percent to $31 million, which was in line with management expectations.

Variable annuity account balances grew 7 percent to $75.9 billion. Asset growth was driven by market appreciation, partially offset by net outflows primarily from a closed block of variable annuities sold through third-party channels. Variable annuity cash sales remained solid at $1.2 billion. Fixed annuity account balances declined 5 percent to $12.9 billion.

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Ameriprise Financial, Inc.

Protection Segment Operating Results

	Quarter Ended March 31,						% Better/
(in millions, unaudited)	2014			2013			(Worse)
Protection
Net revenues	$	555		$	537		3	%
Expenses	496			434			(14	)
Pretax operating earnings	$	59		$	103		(43	)
Items included in operating earnings:
Market impact on DAC (mean reversion)	$	—		$	1		NM
Auto and home reserves	(30		)	(4		)	NM
Auto and home weather related losses	(20		)	—			NM
Total protection impact	$	(50	)	$	(3	)	NM

	Quarter Ended March 31,				% Better/
	2014		2013		(Worse)
Life insurance in force (billions)	$	194	$	192	1	%
VUL/UL ending account balances (billions)	$	11.0	$	10.2	8	%
Auto and home policies in force (thousands)	861		773		11	%

NM Not Meaningful — variance of greater than 100%

Protection pretax operating earnings were $59 million. Net revenues grew 3 percent, primarily from growth in Auto and Home.

Life and Health earnings were stable and reflect continued claims experience that was within expectations. VUL/UL account balances grew 8 percent, driven by market appreciation and a 22 percent increase in cash sales reflecting strong sales of indexed universal life products.

Consistent with industry experience, first quarter Auto and Home earnings were negatively impacted by approximately $20 million of weather-related losses from severe winter weather. Auto and Home also increased auto liability reserves by $30 million in the quarter based upon additional analysis and information regarding continued adverse development of bodily injury claims associated with accident years 2011 and 2012. To date, the 2013 accident year has continued to have better experience than 2011 and 2012.

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Ameriprise Financial, Inc.

Corporate & Other Segment Operating Results

	Quarter Ended March 31,						% Better/
(in millions, unaudited)	2014			2013			(Worse)
Corporate & Other
Net revenues	$	6		$	4		50	%
Expenses	61			57			(7	)
Pretax operating loss	$	(55	)	$	(53	)	(4	)

Corporate & Other pretax operating loss was $55 million for the quarter compared to a $53 million loss a year ago.

Contacts

Investor Relations:	Media Relations:
Alicia A. Charity	Paul W. Johnson
Ameriprise Financial	Ameriprise Financial
(612) 671-2080	(612) 671-0625
alicia.a.charity@ampf.com	paul.w.johnson@ampf.com
Chad J. Sanner
Ameriprise Financial
(612) 671-4676
chad.j.sanner@ampf.com

At Ameriprise Financial, we have been helping people feel confident about their financial future for 120 years. With a nationwide network of 10,000 financial advisors and extensive asset management, advisory and insurance capabilities, we have the strength and expertise to serve the full range of individual and institutional investors’ financial needs. For more information, visit ameriprise.com.

Ameriprise Financial Services, Inc. offers financial planning services, investments, insurance and annuity products. Columbia Funds are distributed by Columbia Management Investment Distributors, Inc., member FINRA and managed by Columbia Management Investment Advisers, LLC. Threadneedle International Limited is an SEC- and FCA-registered investment adviser affiliate of Columbia Management Investment Advisers, LLC based in the U.K. Auto and home insurance is underwritten by IDS Property Casualty Insurance Company, or in certain states, Ameriprise Insurance Company, both in De Pere, WI. RiverSource insurance and annuity products are issued by RiverSource Life Insurance Company, and in New York only by RiverSource Life Insurance Co. of New York, Albany, New York. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuity products in the state of New York. These companies are all part of Ameriprise Financial, Inc. CA License #0684538. RiverSource Distributors, Inc. (Distributor), Member FINRA.

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Forward-Looking Statements

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

·the statement in this news release that the company expects its full-year 2014 operating effective tax rate to be in the 28 to 30 percent range;

·the statement in this news release that a $5.5 billion mandate awarded to Threadneedle is expected to fund in the second quarter;

·statements of the company’s plans, intentions, positioning, expectations, objectives or goals, including those relating to asset flows, mass affluent and affluent client acquisition strategy, client retention and growth of our client base, financial advisor productivity, retention, recruiting and enrollments, the introduction, cessation, terms or pricing of new or existing products and services, acquisition integration, general and administrative costs, consolidated tax rate, return of capital to shareholders, and excess capital position and financial flexibility to capture additional growth opportunities;

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

·statements of assumptions underlying such statements.

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

Such factors include, but are not limited to:

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

·changes in and the adoption of relevant accounting standards and securities rating agency standards and processes, as well as changes in the litigation and regulatory environment, including ongoing legal proceedings and regulatory actions, the frequency and extent of legal claims threatened or initiated by clients, other persons and regulators, and developments in regulation and legislation, including the rules and regulations implemented or to be implemented in connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act;

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

·effects of competition in the financial services industry, including pricing pressure, the introduction of new products and services and changes in product distribution mix and distribution channels;

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

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

·changes to the availability and cost of liquidity and the Company’s credit capacity that may arise due to shifts in market conditions, the Company’s credit ratings and the overall availability of credit;

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

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

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

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

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

·the ability to pursue and complete strategic transactions and initiatives, including acquisitions, divestitures, restructurings, joint ventures and the development of new products and services;

·the ability to realize the financial, operating and business fundamental benefits of strategic transactions and initiatives the company has completed, is pursuing or may pursue in the future, which may be impacted by the ability to obtain regulatory approvals, the ability to effectively manage related expenses and by market, business partner and consumer reactions to such strategic transactions and initiatives;

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

·interruptions or other failures in our communications, technology and other operating systems, including errors or failures caused by third party service providers, interference or failures caused by third party attacks on our systems, or the failure to safeguard the privacy or confidentiality of sensitive information and data on such systems; and

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

Management cautions the reader that the foregoing list of factors is not exhaustive. There may also be other risks that management is unable to predict at this time that may cause actual results to differ materially from those in forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Management undertakes no obligation to update publicly or revise any forward-looking statements. The foregoing list of factors should be read in conjunction with the “Risk Factors” discussion under Part 1, Item 1A of and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2013 available at ir.ameriprise.com.

The financial results discussed in this news release represent past performance only, which may not be used to predict or project future results. The financial results and values presented in this news release and the below-referenced Statistical Supplement are based upon asset valuations that represent estimates as of the date of this news release and may be revised in the company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014. For information about Ameriprise Financial entities, please refer to the First Quarter 2014 Statistical Supplement available at ir.ameriprise.com and the tables that follow in this news release.

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Ameriprise Financial, Inc.

Reconciliation Table: Earnings

	Quarter EndedMarch 31,						Per Diluted ShareQuarter EndedMarch 31,
(in millions, except per share amounts, unaudited)	2014			2013			2014			2013
Net income attributable to Ameriprise Financial	$	400		$	335		$	2.01		$	1.58
Less: Loss from discontinued operations, net of tax	(1		)	(1		)	—			—
Net income from continuing operations attributable to Ameriprise Financial	401			336			2.01			1.58
Add: Market impact on variable annuity guaranteed benefits, net of tax(1)	10			2			0.05			0.01
Add: Market impact on indexed universal life benefits, net of tax(1)	(1		)	—			—			—
Add: Integration/restructuring charges, net of tax(1)	—			1			—			—
Add: Net realized (gains) losses, net of tax(1)	(3		)	(1		)	(0.02		)	—
Operating earnings	$	407		$	338		$	2.04		$	1.59
Weighted average common shares outstanding:
Basic	195.5			208.4
Diluted	199.1			212.3

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

Ameriprise Financial, Inc.

Reconciliation Table: Total Net Revenues

	Quarter EndedMarch 31,
(in millions, unaudited)	2014		2013
Total net revenues	$	2,996	$	2,691
Less: CIEs revenue	177		82
Less: Net realized gains	5		1
Less: Market impact on indexed universal life benefits	2		—
Operating total net revenues	$	2,812	$	2,608

Ameriprise Financial, Inc.

Reconciliation Table: Total Expenses

	Quarter EndedMarch 31,
(in millions, unaudited)	2014		2013
Total expenses	$	2,346	$	2,204
Less: CIEs expenses	62		52
Less: Market impact on variable annuity guaranteed benefits	15		2
Less: Market impact on indexed universal life benefits	1		—
Less: Integration/restructuring charges	—		2
Operating expenses	$	2,268	$	2,148

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Ameriprise Financial, Inc.

Reconciliation Table: Pretax Operating Earnings

	Quarter EndedMarch 31,
(in millions, unaudited)	2014		2013
Operating total net revenues	$	2,812	$	2,608
Operating expenses	2,268		2,148
Pretax operating earnings	$	544	$	460

Ameriprise Financial, Inc.
Reconciliation Table: General and Administrative Expense

	Quarter Ended March 31,
(in millions, unaudited)	2014		2013
General and administrative expense	$	758	$	758
Less: CIEs expenses	12		11
Less: Integration/restructuring charges	—		2
Operating general and administrative expense	$	746	$	745

Ameriprise Financial, Inc.
Reconciliation Table: Effective Tax Rate

	Quarter Ended March 31, 2014
(in millions, unaudited)	GAAP			Operating
Income from continuing operations before income tax provision	$	650		$	544
Less: Pretax income attributable to noncontrolling interests	115			—
Income from continuing operations before income tax provision excluding consolidated investment entities	$	535		$	544
Income tax provision from continuing operations	$	134		$	137
Effective tax rate	20.7		%	25.2		%
Effective tax rate excluding noncontrolling interests	25.1		%	25.2		%

Ameriprise Financial, Inc.
Reconciliation Table: Effective Tax Rate

	Quarter Ended March 31, 2013
(in millions, unaudited)	GAAP			Operating
Income from continuing operations before income tax provision	$	487		$	460
Less: Pretax income attributable to noncontrolling interests	30			—
Income from continuing operations before income tax provision excluding consolidated investment entities	$	457		$	460
Income tax provision from continuing operations	$	121		$	122
Effective tax rate	25.0		%	26.5		%
Effective tax rate excluding noncontrolling interests	26.6		%	26.5		%

12

Ameriprise Financial, Inc.

Reconciliation Table: Asset Management Adjusted Net Pretax Operating Margin

	Quarter Ended March 31,
(in millions, unaudited)	2014			2013
Operating total net revenues	$	807		$	746
Less: Distribution pass through revenues	228			214
Less: Subadvisory and other pass through revenues	97			98
Adjusted operating revenues	$	482		$	434
Pretax operating earnings	$	183		$	138
Less: Operating net investment income	4			4
Add: Amortization of intangibles	9			10
Adjusted operating earnings	$	188		$	144
Adjusted net pretax operating margin	39.0		%	33.2		%

Ameriprise Financial, Inc.
Reconciliation Table: Operating Total Net Revenues Per Financial Advisor (trailing 12 months)

	Twelve Months Ended  March 31,
(in thousands, unaudited)	2014		2013
Operating total net revenues per financial advisor	$	454	$	402
Less: Operating total net revenues per financial advisor attributable to former banking operations	—		7
Operating total net revenues per financial advisor excluding former banking operations	$	454	$	395

13

Ameriprise Financial, Inc.

Reconciliation Table: Return on Equity (ROE) Excluding Accumulated
Other Comprehensive Income “AOCI”

	Twelve Months EndedMarch 31,
(in millions, unaudited)	2014			2013
Net income attributable to Ameriprise Financial	$	1,399		$	1,120
Less: Loss from discontinued operations, net of tax	(3		)	(2		)
Net income from continuing operations attributable to Ameriprise Financial, as reported	1,402			1,122
Less: Adjustments (1)	(127		)	(126		)
Operating earnings	$	1,529		$	1,248
Total Ameriprise Financial, Inc. shareholders’ equity	$	8,432		$	9,066
Less: Accumulated other comprehensive income, net of tax	731			1,068
Total Ameriprise Financial, Inc. shareholders’ equity excluding AOCI	7,701			7,998
Less: Equity impacts attributable to the consolidated investment entities	337			384
Operating equity	$	7,364		$	7,614
Return on equity, excluding AOCI	18.2		%	14.0		%
Operating return on equity, excluding AOCI (2)	20.8		%	16.4		%

(1)   Adjustments reflect the trailing twelve months’ sum of after-tax net realized gains/losses; market impact on variable annuity guaranteed benefits, net of hedges and related DSIC and DAC amortization; the market impact on indexed universal life benefits, net of hedges and related DAC amortization, unearned revenue amortization, and the reinsurance accrual; and integration/restructuring charges.  After-tax is calculated using the statutory tax rate of 35%.

(2)   Operating return on equity excluding accumulated other comprehensive income (AOCI) is calculated using the trailing twelve months of earnings excluding the after-tax net realized gains/losses; market impact on variable annuity guaranteed benefits, net of hedges and related DSIC and DAC amortization; the market impact on indexed universal life benefits, net of hedges and related DAC amortization, unearned revenue amortization, and the reinsurance accrual; integration/restructuring charges; and discontinued operations in the numerator, and Ameriprise Financial shareholders’ equity excluding AOCI and the impact of consolidating investment entities using a five-point average of quarter-end equity in the denominator.  After-tax is calculated using the statutory tax rate of 35%.

14

Ameriprise Financial, Inc.
Consolidated GAAP Results

	Quarter Ended March 31,						% Better/
(in millions, unaudited)	2014			2013			(Worse)
Revenues
Management and financial advice fees	$	1,386		$	1,244		11	%
Distribution fees	476			434			10
Net investment income	471			489			(4	)
Premiums	330			310			6
Other revenues	340			222			53
Total revenues	3,003			2,699			11
Banking and deposit interest expense	7			8			13
Total net revenues	2,996			2,691			11
Expenses
Distribution expenses	786			698			(13	)
Interest credited to fixed accounts	186			198			6
Benefits, claims, losses and settlement expenses	450			409			(10	)
Amortization of deferred acquisition costs	87			75			(16	)
Interest and debt expense	79			66			(20	)
General and administrative expense	758			758			—
Total expenses	2,346			2,204			(6	)
Income from continuing operations before income tax provision	650			487			33
Income tax provision	134			121			(11	)
Income from continuing operations	516			366			41
Loss from discontinued operations, net of tax	(1		)	(1		)	—
Net income	515			365			41
Less: Net income attributable to noncontrolling interests	115			30			NM
Net income attributable to Ameriprise Financial	$	400		$	335		19

NM Not Meaningful — variance of greater than 100%

15

EX-99.2

Exhibit 99.2

Statistical Supplement Package

(unaudited)

First Quarter 2014

Ameriprise Financial, Inc.

Statistical Supplement Information

Table of Contents

	Page
Ameriprise Financial, Inc.
Statistical Supplement Presentation	4
Consolidated GAAP Income Statements	5
Consolidated Operating Results and Highlights	6
Common Share and Capital Summary	8
Segment Summary	10
Advice & Wealth Management Segment
Segment Operating Income Statements	12
Segment Metrics	13
Asset Management Segment
Segment Operating Income Statements	15
Segment Metrics	16
Columbia Asset Management Products	17
Threadneedle Asset Management Products	18
Retail Fund Performance - Columbia	19
Retail Fund Performance - Threadneedle	20
Annuities Segment
Segment Operating Income Statements	22
Segment Metrics	23
Protection Segment
Segment Operating Income Statements	25
Segment Metrics	26
Corporate & Other Segment
Segment Operating Income Statements	28
Eliminations
Operating Income Statements	29
Balance Sheet and Ratings Information
Consolidated Balance Sheets	31
Capital and Ratings Information	32
Investments	33
Non-GAAP Financial Information	34
Glossary of Selected Terminology
Glossary of Selected Terminology - Segments	35
Glossary of Selected Terminology	36
Exhibit A
Disclosed Items	38
Exhibit B
Non-GAAP Financial Measure Reconciliations	44

2

Statistical Supplement Package

(unaudited)

First Quarter 2014

Consolidated Results

3

Ameriprise Financial, Inc.

Statistical Supplement Presentation

First Quarter 2014

Ameriprise Financial, Inc. (“Ameriprise Financial” or “the Company”) prepares its financial statements in accordance with generally accepted accounting principles (“GAAP”). Management believes that operating measures, which exclude net realized gains or losses; the market impact on variable annuity guaranteed benefits, net of hedges and the related deferred sales inducement costs (“DSIC”) and deferred acquisition costs (“DAC”) amortization; the market impact on indexed universal life benefits, net of hedges and the related DAC amortization, unearned revenue amortization, and the reinsurance accrual; integration and restructuring charges; income (loss) from discontinued operations and the impact of consolidating certain investment entities (“CIEs”), best reflect the underlying performance of our core operations and facilitate a more meaningful trend analysis. The Company also uses a number of non-GAAP financial measures to evaluate its financial performance on a basis comparable to that used by some securities analysts and investors. However, these measures are not a substitute for GAAP. Therefore, reconciliations to GAAP measures are provided on page 6 and in Exhibit B “Non-GAAP Financial Measure Reconciliations” on pages 44 and 45.

The market impact on variable annuity guaranteed benefits and indexed universal life benefits includes changes in liability values caused by changes in financial market conditions, net of changes in economic hedge values.  The market impact also includes certain valuation adjustments made in accordance with Financial Accounting Standards Board Accounting Standards Codification 820, Fair Value Measurements and Disclosures (“ASC 820”), including the impact on liability values of discounting projected benefits to reflect a current estimate of RiverSource Life Insurance Company’s nonperformance spread.  Further, the market impact is net of related impacts on DAC, DSIC and unearned revenue amortization as well as a reinsurance accrual for indexed universal life.  The market impact relates to guaranteed minimum accumulation benefits, non-life contingent guaranteed minimum withdrawal benefits and indexed universal life benefits accounted for at fair value as embedded derivatives. 

Operating earnings is the measure of segment profit or loss management uses to evaluate segment performance.  Operating earnings should not be viewed as a substitute for GAAP income from continuing operations before income tax provision.  Management believes the presentation of segment operating earnings as we measure it for management purposes enhances the understanding of our business by reflecting the underlying performance of our core operations and facilitating a more meaningful trend analysis.

In addition, management uses adjusted net pretax operating margin in the Asset Management segment to evaluate segment performance on a basis comparable to other asset managers.  In the Asset Management segment, operating revenues are adjusted to exclude distribution pass through revenues and subadvisory and other pass through revenues, and operating earnings are adjusted to exclude operating net investment income and amortization of intangibles.

4

Ameriprise Financial, Inc.

Consolidated GAAP Income Statements

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions, except per share amounts, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	1,244		$	1,294		$	1,318		$	1,397		$	1,386		$	1,244		$	1,386		$	142		11	%	$	142		11	%	$	(11	)	(1	)%
Distribution fees	434			448			441			448			476			434			476			42			10	%	42			10	%	28			6	%
Net investment income	489			451			491			458			471			489			471			(18		)	(4	)%	(18		)	(4	)%	13			3	%
Premiums	310			315			324			333			330			310			330			20			6	%	20			6	%	(3		)	(1	)%
Other revenues	222			249			247			317			340			222			340			118			53	%	118			53	%	23			7	%
Total revenues	2,699			2,757			2,821			2,953			3,003			2,699			3,003			304			11	%	304			11	%	50			2	%
Banking and deposit interest expense	8			8			8			7			7			8			7			(1		)	(13	)%	(1		)	(13	)%	—			—
Total net revenues	2,691			2,749			2,813			2,946			2,996			2,691			2,996			305			11	%	305			11	%	50			2	%
Expenses
Distribution expenses	698			732			731			764			786			698			786			88			13	%	88			13	%	22			3	%
Interest credited to fixed accounts	198			198			204			206			186			198			186			(12		)	(6	)%	(12		)	(6	)%	(20		)	(10	)%
Benefits, claims, losses and settlement expenses	409			490			492			563			450			409			450			41			10	%	41			10	%	(113		)	(20	)%
Amortization of deferred acquisition costs	75			92			(14		)	54			87			75			87			12			16	%	12			16	%	33			61	%
Interest and debt expense	66			60			68			87			79			66			79			13			20	%	13			20	%	(8		)	(9	)%
General and administrative expense	758			775			730			793			758			758			758			—			—		—			—		(35		)	(4	)%
Total expenses	2,204			2,347			2,211			2,467			2,346			2,204			2,346			142			6	%	142			6	%	(121		)	(5	)%
Income from continuing operations before income tax provision	487			402			602			479			650			487			650			163			33	%	163			33	%	171			36	%
Income tax provision	121			120			154			97			134			121			134			13			11	%	13			11	%	37			38	%
Income from continuing operations	366			282			448			382			516			366			516			150			41	%	150			41	%	134			35	%
Income (loss) from discontinued operations, net of tax	(1		)	(1		)	1			(2		)	(1		)	(1		)	(1		)	—			—		—			—		1			50	%
Net income	365			281			449			380			515			365			515			150			41	%	150			41	%	135			36	%
Less: Net income (loss) attributable to noncontrolling interests	30			(40		)	67			84			115			30			115			85			#		85			#		31			37	%
Net income attributable to Ameriprise Financial	$	335		$	321		$	382		$	296		$	400		$	335		$	400		$	65		19	%	$	65		19	%	$	104		35	%
Net Investment Income
Investment income on fixed maturities	$	401		$	403		$	390		$	381		$	374		$	401		$	374		$	(27	)	(7	)%	$	(27	)	(7	)%	$	(7	)	(2	)%
Realized gains (losses)	1			—			6			—			5			1			5			4			#		4			#		5			—
Affordable housing	(7		)	(1		)	(3		)	(1		)	(6		)	(7		)	(6		)	1			14	%	1			14	%	(5		)	#
Other (including seed money)	17			42			17			23			24			17			24			7			41	%	7			41	%	1			4	%
Consolidated investment entities	77			7			81			55			74			77			74			(3		)	(4	)%	(3		)	(4	)%	19			35	%
Total net investment income	$	489		$	451		$	491		$	458		$	471		$	489		$	471		$	(18	)	(4	)%	$	(18	)	(4	)%	$	13		3	%
Earnings Per Share
Basic
Income from continuing operations	$	1.61		$	1.57		$	1.90		$	1.50		$	2.05		$	1.61		$	2.05		$	0.44		27	%	$	0.44		27	%	$	0.55		37	%
Income (loss) from discontinued operations	—			—			—			(0.01		)	—			—			—			—			—		—			—		0.01			#
Net income	$	1.61		$	1.57		$	1.90		$	1.49		$	2.05		$	1.61		$	2.05		$	0.44		27	%	$	0.44		27	%	$	0.56		38	%
Diluted
Income from continuing operations	$	1.58		$	1.54		$	1.86		$	1.47		$	2.01		$	1.58		$	2.01		$	0.43		27	%	$	0.43		27	%	$	0.54		37	%
Income (loss) from discontinued operations	—			—			—			(0.01		)	—			—			—			—			—		—			—		0.01			#
Net income	$	1.58		$	1.54		$	1.86		$	1.46		$	2.01		$	1.58		$	2.01		$	0.43		27	%	$	0.43		27	%	$	0.55		38	%
Earnings per diluted share growth (from continuing operations)	49.1		%	55.6		%	NM			(18.3		)%	27.2		%	49.1		%	27.2		%	(21.8		)%			(21.8		)%			45.5		%
Weighted average common shares outstanding
Basic weighted average common shares outstanding	208.4			204.9			201.3			198.3			195.5			208.4			195.5			(12.9		)	(6	)%	(12.9		)	(6	)%	(2.8		)	(1	)%
Effect of potentially dilutive nonqualified stock options and other share-based awards	3.9			3.7			3.8			4.0			3.6			3.9			3.6			(0.3		)	(8	)%	(0.3		)	(8	)%	(0.4		)	(10	)%
Diluted weighted average common shares outstanding	212.3			208.6			205.1			202.3			199.1			212.3			199.1			(13.2		)	(6	)%	(13.2		)	(6	)%	(3.2		)	(2	)%
Metrics
Net revenue growth	5.1		%	9.3		%	14.0		%	10.2		%	11.3		%	5.1		%	11.3		%	6.2		%			6.2		%			1.1		%
Pretax income margin (1)	18.1		%	14.6		%	21.4		%	16.3		%	21.7		%	18.1		%	21.7		%	3.6		%			3.6		%			5.4		%
Effective tax rate	25.0		%	29.6		%	25.5		%	20.5		%	20.7		%	25.0		%	20.7		%	(4.3		)%			(4.3		)%			0.2		%
Effective tax rate excluding noncontrolling interests (2)	26.6		%	26.9		%	28.7		%	24.8		%	25.1		%	26.6		%	25.1		%	(1.5		)%			(1.5		)%			0.3		%
Ameriprise Financial shareholders’ equity / outstanding shares (3)	$	43.37		$	41.10		$	41.69		$	41.65		$	42.99		$	43.37		$	42.99		$	(0.38	)	(1	)%	$	(0.38	)	(1	)%	$	1.34		3	%
Ameriprise Financial shareholders’ equity excluding AOCI / outstanding shares (2)(4)	$	38.12		$	38.02		$	38.66		$	38.62		$	39.14		$	38.12		$	39.14		$	1.02		3	%	$	1.02		3	%	$	0.52		1	%

(1)Calculated as income from continuing operations before income tax provision divided by total net revenues.

(2)See non-GAAP financial information on pg 34.  Non-GAAP financial measure reconciliations can be found on pages 44 and 45.

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

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

# Variance of greater than 100%.

NM Not Meaningful

5

Ameriprise Financial, Inc.

Consolidated Operating Results and Highlights

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions except per share amounts, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Revenues
Total net revenues	$	2,691		$	2,749		$	2,813		$	2,946		$	2,996		$	2,691		$	2,996		$	305		11	%	$	305		11	%	$	50		2	%
Less revenues attributable to the CIEs	82			12			114			137			177			82			177			95			#		95			#		40			29	%
Less realized gains (losses)	1			—			6			—			5			1			5			4			#		4			#		5			—
Less market impact on indexed universal life benefits	—			(1		)	(2		)	(7		)	2			—			2			2			—		2			—		9			#
Operating total net revenues (1)	$	2,608		$	2,738		$	2,695		$	2,816		$	2,812		$	2,608		$	2,812		$	204		8	%	$	204		8	%	$	(4	)	—
Earnings
Net income attributable to Ameriprise Financial	$	335		$	321		$	382		$	296		$	400		$	335		$	400		$	65		19	%	$	65		19	%	$	104		35	%
Less income (loss) from discontinued operations, net of tax	(1		)	(1		)	1			(2		)	(1		)	(1		)	(1		)	—			—		—			—		1			50	%
Net income from continuing operations attributable to Ameriprise Financial	336			322			381			298			401			336			401			65			19	%	65			19	%	103			35	%
Integration/restructuring charges, net of tax (2)	1			1			—			7			—			1			—			(1		)	#		(1		)	#		(7		)	#
Market impact on variable annuity guaranteed benefits, net of tax (2)	2			28			13			68			10			2			10			8			#		8			#		(58		)	(85	)%
Market impact on indexed universal life benefits, net of tax (2)	—			1			2			5			(1		)	—			(1		)	(1		)	—		(1		)	—		(6		)	#
Less realized gains (losses), net of tax (2)	1			—			4			—			3			1			3			2			#		2			#		3			—
Operating earnings (1)	$	338		$	352		$	392		$	378		$	407		$	338		$	407		$	69		20	%	$	69		20	%	$	29		8	%
Pretax Earnings
Income from continuing operations before income tax provision	$	487		$	402		$	602		$	479		$	650		$	487		$	650		$	163		33	%	$	163		33	%	$	171		36	%
Less net income (loss) attributable to noncontrolling interests	30			(40		)	67			84			115			30			115			85			#		85			#		31			37	%
Pretax earnings excluding CIEs	457			442			535			395			535			457			535			78			17	%	78			17	%	140			35	%
Integration/restructuring charges	2			1			—			11			—			2			—			(2		)	#		(2		)	#		(11		)	#
Market impact on variable annuity guaranteed benefits	2			43			21			104			15			2			15			13			#		13			#		(89		)	(86	)%
Market impact on indexed universal life benefits	—			2			2			9			(1		)	—			(1		)	(1		)	—		(1		)	—		(10		)	#
Less realized gains (losses)	1			—			6			—			5			1			5			4			#		4			#		5			—
Pretax operating earnings (1)	$	460		$	488		$	552		$	519		$	544		$	460		$	544		$	84		18	%	$	84		18	%	$	25		5	%
Pretax Operating Margin (1)(3)	17.6		%	17.8		%	20.5		%	18.4		%	19.3		%	17.6		%	19.3		%	1.7		%			1.7		%			0.9		%
Operating Effective Tax Rate (1)(4)	26.5		%	27.9		%	29.0		%	27.2		%	25.2		%	26.5		%	25.2		%	(1.3		)%			(1.3		)%			(2.0		)%
Weighted Average Common Shares Outstanding
Basic	208.4			204.9			201.3			198.3			195.5			208.4			195.5			(12.9		)	(6	)%	(12.9		)	(6	)%	(2.8		)	(1	)%
Diluted	212.3			208.6			205.1			202.3			199.1			212.3			199.1			(13.2		)	(6	)%	(13.2		)	(6	)%	(3.2		)	(2	)%
Operating Earnings Per Share (1)
Basic operating earnings per share	$	1.62		$	1.72		$	1.95		$	1.91		$	2.08		$	1.62		$	2.08		$	0.46		28	%	$	0.46		28	%	$	0.17		9	%
Operating earnings per diluted share	$	1.59		$	1.69		$	1.91		$	1.87		$	2.04		$	1.59		$	2.04		$	0.45		28	%	$	0.45		28	%	$	0.17		9	%
Return on Equity
Return on equity excluding AOCI (1)(4)	14.0		%	15.5		%	18.2		%	17.2		%	18.2		%	14.0		%	18.2		%	4.2		%			4.2		%			1.0		%
Operating return on equity excluding AOCI (1)(4)	16.4		%	17.9		%	19.4		%	19.7		%	20.8		%	16.4		%	20.8		%	4.4		%			4.4		%			1.1		%

(1)See non-GAAP financial information on pg 34.

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

(3)Defined as pretax operating earnings as a percentage of operating total net revenues.

(4)Non-GAAP financial measure reconciliations can be found on pg 44.

# Variance of greater than 100%.

6

Ameriprise Financial, Inc.

Consolidated Operating Results and Highlights

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions except per share amounts, headcount and where noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Book Value
Ameriprise Financial shareholders’ equity excluding CIEs / outstanding shares (1)(2)	$	41.73		$	39.71		$	40.09		$	40.02		$	41.24		$	41.73		$	41.24		$	(0.49	)	(1	)%	$	(0.49	)	(1	)%	$	1.22		3	%
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI / outstanding shares (1)(3)	$	36.37		$	36.55		$	36.98		$	36.91		$	37.31		$	36.37		$	37.31		$	0.94		3	%	$	0.94		3	%	$	0.40		1	%
Operating Metrics
Operating total net revenue growth: Target 6 - 8%	3.9		%	8.7		%	7.1		%	8.4		%	7.8		%	3.9		%	7.8		%	3.9		%			3.9		%			(0.6		)%
Operating earnings per diluted share growth: Target 12 - 15%	9.7		%	49.6		%	44.7		%	9.4		%	28.3		%	9.7		%	28.3		%	18.6		%			18.6		%			18.9		%
Operating return on equity excluding AOCI: Target 15 - 18% (1)	16.4		%	17.9		%	19.4		%	19.7		%	20.8		%	16.4		%	20.8		%	4.4		%			4.4		%			1.1		%
Debt to Capital
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	21.1		%	22.0		%	26.1		%	24.9		%	24.6		%	21.1		%	24.6		%	3.5		%			3.5		%			(0.3		)%
Goodwill and Intangible Assets	$	2,074		$	2,065		$	2,064		$	2,061		$	2,054		$	2,074		$	2,054		$	(20	)	(1	)%	$	(20	)	(1	)%	$	(7	)	—
Assets Under Management and Administration
Advice & Wealth Management AUM	$	134,172		$	136,334		$	144,512		$	153,989		$	159,843		$	134,172		$	159,843		$	25,671		19	%	$	25,671		19	%	$	5,854		4	%
Asset Management AUM	466,487			459,366			479,316			500,844			503,896			466,487			503,896			37,409			8	%	37,409			8	%	3,052			1	%
Corporate AUM	1,044			1,005			953			914			869			1,044			869			(175		)	(17	)%	(175		)	(17	)%	(45		)	(5	)%
Eliminations	(19,147		)	(19,035		)	(19,653		)	(20,501		)	(20,548		)	(19,147		)	(20,548		)	(1,401		)	(7	)%	(1,401		)	(7	)%	(47		)	—
Total Assets Under Management	582,556			577,670			605,128			635,246			644,060			582,556			644,060			61,504			11	%	61,504			11	%	8,814			1	%
Total Assets Under Administration	125,170			125,558			129,733			136,095			138,747			125,170			138,747			13,577			11	%	13,577			11	%	2,652			2	%
Total AUM and AUA	$	707,726		$	703,228		$	734,861		$	771,341		$	782,807		$	707,726		$	782,807		$	75,081		11	%	$	75,081		11	%	$	11,466		1	%
Business Metrics
Total Ameriprise client assets	$	371,916		$	373,100		$	389,399		$	409,147		$	418,384		$	371,916		$	418,384		$	46,468		12	%	$	46,468		12	%	$	9,237		2	%
Total branded financial advisors	9,777			9,788			9,761			9,716			9,704			9,777			9,704			(73		)	(1	)%	(73		)	(1	)%	(12		)	—
Net Flows and Net Deposits
Branded advisor wrap	$	4,073		$	3,115		$	3,022		$	2,845		$	4,205		$	4,073		$	4,205		$	132		3	%	$	132		3	%	$	1,360		48	%
Asset Management	(5,742		)	(2,102		)	(4,334		)	5,530			(3,897		)	(5,742		)	(3,897		)	1,845			32	%	1,845			32	%	(9,427		)	#
Annuities	(462		)	(410		)	(372		)	(567		)	(815		)	(462		)	(815		)	(353		)	(76	)%	(353		)	(76	)%	(248		)	(44	)%
Variable universal life / Universal life	(53		)	(34		)	(46		)	(25		)	(38		)	(53		)	(38		)	15			28	%	15			28	%	(13		)	(52	)%
S&P 500
Daily average	1,515			1,610			1,674			1,772			1,835			1,515			1,835			320			21	%	320			21	%	63			4	%
Period end	1,569			1,606			1,682			1,848			1,872			1,569			1,872			303			19	%	303			19	%	24			1	%

(1)See non-GAAP financial information on pg 34.  Non-GAAP financial measure reconciliations can be found on pages 44 and 45.

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

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

# Variance of greater than 100%.

7

Ameriprise Financial, Inc.

Common Share and Capital Summary

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Common shares
Beginning balance	203.9			202.5			198.5			195.2			192.1			203.9			192.1			(11.8		)	(6	)%	(11.8		)	(6	)%	(3.1		)	(2	)%
Repurchases	(5.2		)	(4.9		)	(4.2		)	(3.5		)	(3.2		)	(5.2		)	(3.2		)	2.0			38	%	2.0			38	%	0.3			9	%
Issuances	5.4			1.8			1.5			0.7			3.1			5.4			3.1			(2.3		)	(43	)%	(2.3		)	(43	)%	2.4			#
Other	(1.6		)	(0.9		)	(0.6		)	(0.3		)	(1.4		)	(1.6		)	(1.4		)	0.2			13	%	0.2			13	%	(1.1		)	#
Total common shares outstanding	202.5			198.5			195.2			192.1			190.6			202.5			190.6			(11.9		)	(6	)%	(11.9		)	(6	)%	(1.5		)	(1	)%
Nonforfeitable restricted stock units	4.1			4.4			4.5			4.6			3.5			4.1			3.5			(0.6		)	(15	)%	(0.6		)	(15	)%	(1.1		)	(24	)%
Total basic common shares outstanding	206.6			202.9			199.7			196.7			194.1			206.6			194.1			(12.5		)	(6	)%	(12.5		)	(6	)%	(2.6		)	(1	)%
Total potentially dilutive shares	3.6			3.6			3.7			4.1			3.5			3.6			3.5			(0.1		)	(3	)%	(0.1		)	(3	)%	(0.6		)	(15	)%
Total diluted shares	210.2			206.5			203.4			200.8			197.6			210.2			197.6			(12.6		)	(6	)%	(12.6		)	(6	)%	(3.2		)	(2	)%
Capital Returned to Shareholders
Dividends paid	$	94		$	108		$	105		$	104		$	103		$	94		$	103		$	9		10	%	$	9		10	%	$	(1	)	(1	)%
Common stock share repurchases	$	360		$	380		$	370		$	371		$	354		$	360		$	354		$	(6	)	(2	)%	$	(6	)	(2	)%	$	(17	)	(5	)%
Allocated Capital (1)
Advice & Wealth Management	$	450		$	450		$	456		$	462		$	466		$	450		$	466		$	16		4	%	$	16		4	%	$	4		1	%
Asset Management	1,908			1,903			1,892			1,894			1,860			1,908			1,860			(48		)	(3	)%	(48		)	(3	)%	(34		)	(2	)%
Annuities	2,266			2,415			2,618			2,956			2,800			2,266			2,800			534			24	%	534			24	%	(156		)	(5	)%
Protection	1,751			1,794			1,824			1,815			1,839			1,751			1,839			88			5	%	88			5	%	24			1	%
Corporate & Other	3,384			3,098			3,439			2,777			2,921			3,384			2,921			(463		)	(14	)%	(463		)	(14	)%	144			5	%
Total allocated capital	$	9,759		$	9,660		$	10,229		$	9,904		$	9,886		$	9,759		$	9,886		$	127		1	%	$	127		1	%	$	(18	)	—

(1) Allocated capital equals Ameriprise Financial shareholders’ equity excluding consolidated investment entities less AOCI plus Ameriprise Financial long-term debt excluding fair value of hedges and unamortized discount.  Allocated capital is not adjusted for non-operating items except for CIEs.

# Variance of greater than 100%.

8

Statistical Supplement Package

(unaudited)

First Quarter 2014

Segment Results

9

Ameriprise Financial, Inc.

Segment Summary

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Segment Summary
Advice & Wealth Management
Operating total net revenues	$	1,018		$	1,076		$	1,074		$	1,127		$	1,149		$	1,018		$	1,149		$	131		13	%	$	131		13	%	$	22		2	%
Operating expenses	888			926			922			967			968			888			968			80			9	%	80			9	%	1			—
Pretax operating earnings	$	130		$	150		$	152		$	160		$	181		$	130		$	181		$	51		39	%	$	51		39	%	$	21		13	%
Allocated capital	$	450		$	450		$	456		$	462		$	466		$	450		$	466		$	16		4	%	$	16		4	%	$	4		1	%
Operating return on allocated capital (1)	52.9		%	65.8		%	79.6		%	94.6		%	102.4		%	52.9		%	102.4		%	49.5		%			49.5		%			7.8		%
Pretax operating margin	12.8		%	13.9		%	14.2		%	14.2		%	15.8		%	12.8		%	15.8		%	3.0		%			3.0		%			1.6		%
Asset Management
Operating total net revenues	$	746		$	822		$	777		$	824		$	807		$	746		$	807		$	61		8	%	$	61		8	%	$	(17	)	(2	)%
Operating expenses	608			628			605			637			624			608			624			16			3	%	16			3	%	(13		)	(2	)%
Pretax operating earnings	$	138		$	194		$	172		$	187		$	183		$	138		$	183		$	45		33	%	$	45		33	%	$	(4	)	(2	)%
Allocated capital	$	1,908		$	1,903		$	1,892		$	1,894		$	1,860		$	1,908		$	1,860		$	(48	)	(3	)%	$	(48	)	(3	)%	$	(34	)	(2	)%
Operating return on allocated capital (1)	20.7		%	24.0		%	24.8		%	26.2		%	28.3		%	20.7		%	28.3		%	7.6		%			7.6		%			2.1		%
Pretax operating margin	18.5		%	23.6		%	22.1		%	22.7		%	22.7		%	18.5		%	22.7		%	4.2		%			4.2		%			—
Operating total net revenues	$	746		$	822		$	777		$	824		$	807		$	746		$	807		$	61		8	%	$	61		8	%	$	(17	)	(2	)%
Distribution pass thru revenues	(214		)	(225		)	(224		)	(229		)	(228		)	(214		)	(228		)	(14		)	(7	)%	(14		)	(7	)%	1			—
Subadvisory and other pass thru revenues	(98		)	(136		)	(96		)	(100		)	(97		)	(98		)	(97		)	1			1	%	1			1	%	3			3	%
Adjusted operating revenues (2)	$	434		$	461		$	457		$	495		$	482		$	434		$	482		$	48		11	%	$	48		11	%	$	(13	)	(3	)%
Pretax operating earnings	$	138		$	194		$	172		$	187		$	183		$	138		$	183		$	45		33	%	$	45		33	%	$	(4	)	(2	)%
Operating net investment income	(4		)	(41		)	(5		)	(4		)	(4		)	(4		)	(4		)	—			—		—			—		—			—
Amortization of intangibles	10			9			10			9			9			10			9			(1		)	(10	)%	(1		)	(10	)%	—			—
Adjusted operating earnings (2)	$	144		$	162		$	177		$	192		$	188		$	144		$	188		$	44		31	%	$	44		31	%	$	(4	)	(2	)%
Adjusted net pretax operating margin (2)(3)	33.2		%	35.1		%	38.7		%	38.8		%	39.0		%	33.2		%	39.0		%	5.8		%			5.8		%			0.2		%
Annuities
Operating total net revenues	$	624		$	635		$	649		$	653		$	636		$	624		$	636		$	12		2	%	$	12		2	%	$	(17	)	(3	)%
Operating expenses	482			525			444			481			460			482			460			(22		)	(5	)%	(22		)	(5	)%	(21		)	(4	)%
Pretax operating earnings	$	142		$	110		$	205		$	172		$	176		$	142		$	176		$	34		24	%	$	34		24	%	$	4		2	%
Allocated capital	$	2,266		$	2,415		$	2,618		$	2,956		$	2,800		$	2,266		$	2,800		$	534		24	%	$	534		24	%	$	(156	)	(5	)%
Operating return on allocated capital (1)	14.9		%	15.4		%	19.0		%	18.0		%	18.4		%	14.9		%	18.4		%	3.5		%			3.5		%			0.4		%
Pretax operating margin	22.8		%	17.3		%	31.6		%	26.3		%	27.7		%	22.8		%	27.7		%	4.9		%			4.9		%			1.4		%
Protection
Operating total net revenues	$	537		$	550		$	535		$	564		$	555		$	537		$	555		$	18		3	%	$	18		3	%	$	(9	)	(2	)%
Operating expenses	434			459			467			490			496			434			496			62			14	%	62			14	%	6			1	%
Pretax operating earnings	$	103		$	91		$	68		$	74		$	59		$	103		$	59		$	(44	)	(43	)%	$	(44	)	(43	)%	$	(15	)	(20	)%
Allocated capital	$	1,751		$	1,794		$	1,824		$	1,815		$	1,839		$	1,751		$	1,839		$	88		5	%	$	88		5	%	$	24		1	%
Operating return on allocated capital (1)	15.6		%	15.5		%	14.7		%	13.6		%	11.7		%	15.6		%	11.7		%	(3.9		)%			(3.9		)%			(1.9		)%
Pretax operating margin	19.2		%	16.5		%	12.7		%	13.1		%	10.6		%	19.2		%	10.6		%	(8.6		)%			(8.6		)%			(2.5		)%
Corporate & Other
Operating total net revenues	$	4		$	3		$	1		$	7		$	6		$	4		$	6		$	2		50	%	$	2		50	%	$	(1	)	(14	)%
Operating expenses	57			60			46			81			61			57			61			4			7	%	4			7	%	(20		)	(25	)%
Pretax operating loss	$	(53	)	$	(57	)	$	(45	)	$	(74	)	$	(55	)	$	(53	)	$	(55	)	$	(2	)	(4	)%	$	(2	)	(4	)%	$	19		26	%

(1)Calculated using operating earnings subject to the quarterly operating effective tax rate for the last four quarters in the numerator and the average allocated capital as of the last day of the trailing four quarters and current quarter in the denominator.

(2)See non-GAAP financial information on pg 34.

(3)Calculated as adjusted operating earnings as a percentage of adjusted operating revenues.

10

Statistical Supplement Package

(unaudited)

First Quarter 2014

Advice & Wealth Management Segment

11

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	476		$	505		$	515		$	543		$	555		$	476		$	555		$	79		17	%	$	79		17	%	$	12		2	%
Distribution fees	503			535			519			538			547			503			547			44			9	%	44			9	%	9			2	%
Net investment income	32			31			31			33			34			32			34			2			6	%	2			6	%	1			3	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	15			13			17			20			20			15			20			5			33	%	5			33	%	—			—
Total revenues	1,026			1,084			1,082			1,134			1,156			1,026			1,156			130			13	%	130			13	%	22			2	%
Banking and deposit interest expense	8			8			8			7			7			8			7			(1		)	(13	)%	(1		)	(13	)%	—			—
Operating total net revenues	1,018			1,076			1,074			1,127			1,149			1,018			1,149			131			13	%	131			13	%	22			2	%
Expenses
Distribution expenses	626			662			660			693			707			626			707			81			13	%	81			13	%	14			2	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	1			2			1			2			2			1			2			1			#		1			#		—			—
General and administrative expense	261			262			261			272			259			261			259			(2		)	(1	)%	(2		)	(1	)%	(13		)	(5	)%
Operating expenses	888			926			922			967			968			888			968			80			9	%	80			9	%	1			—
Pretax operating earnings	$	130		$	150		$	152		$	160		$	181		$	130		$	181		$	51		39	%	$	51		39	%	$	21		13	%
Pretax operating margin	12.8		%	13.9		%	14.2		%	14.2		%	15.8		%	12.8		%	15.8		%	3.0		%			3.0		%			1.6		%
Return on Capital
Allocated capital	$	450		$	450		$	456		$	462		$	466		$	450		$	466		$	16		4	%	$	16		4	%	$	4		1	%
Operating return on allocated capital (1)	52.9		%	65.8		%	79.6		%	94.6		%	102.4		%	52.9		%	102.4		%	49.5		%			49.5		%			7.8		%
On-balance sheet deposits	$	6,004		$	6,596		$	6,757		$	7,074		$	7,222		$	6,004		$	7,222		$	1,218		20	%	$	1,218		20	%	$	148		2	%

(1)Calculated using operating earnings subject to the quarterly operating effective tax rate for the last four quarters in the numerator and the average allocated capital as of the last day of the trailing four quarters and current quarter in the denominator.

#Variance of greater than 100%.

12

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions, except headcount and where noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.				%
Product Information
Certificates and Banking - Combined
Pretax operating earnings	$	9		$	8		$	9		$	9		$	12		$	9		$	12		$	3		33	%	$	3		33	%	$	3			33	%
Allocated capital	$	210		$	211		$	218		$	225		$	229		$	210		$	229		$	19		9	%	$	19		9	%	$	4			2	%
Operating return on allocated capital (1)	10.9		%	10.0		%	9.3		%	11.9		%	12.7		%	10.9		%	12.7		%	1.8		%			1.8		%			0.8			%
Wealth Management & Distribution
Pretax operating earnings	$	121		$	142		$	143		$	151		$	169		$	121		$	169		$	48		40	%	$	48		40	%	$	18			12	%
Allocated capital	$	240		$	239		$	238		$	237		$	237		$	240		$	237		$	(3	)	(1	)%	$	(3	)	(1	)%	$	—			—
Operating return on allocated capital (1)	124.1		%	145.3		%	159.7		%	168.5		%	184.8		%	124.1		%	184.8		%	60.7		%			60.7		%			16.3			%
Financial Plans
Branded financial plan net cash sales	$	58		$	61		$	55		$	66		$	60		$	58		$	60		$	2		3	%	$	2		3	%	$	(6		)	(9	)%
Financial Advisors
Employee advisors	2,303			2,289			2,235			2,205			2,155			2,303			2,155			(148		)	(6	)%	(148		)	(6	)%	(50			)	(2	)%
Franchisee advisors	7,474			7,499			7,526			7,511			7,549			7,474			7,549			75			1	%	75			1	%	38				1	%
Total branded financial advisors	9,777			9,788			9,761			9,716			9,704			9,777			9,704			(73		)	(1	)%	(73		)	(1	)%	(12			)	—
Operating total net revenues per financial advisor (in thousands) (2)	$	104		$	110		$	110		$	116		$	118		$	104		$	118		$	14		13	%	$	14		13	%	$	2			2	%
Operating total net revenues per financial advisor-trailing twelve months (in thousands) (3)	$	402		$	415		$	427		$	440		$	454		$	402		$	454		$	52		13	%	$	52		13	%	$		14		3	%
Operating total net revenues per financial advisor attributable to former banking operations-trailing twelve months (in thousands) (3)	7			4			1			—			—			7			—			(7		)	#		(7		)	#		—				—
Operating total net revenues per financial advisor excluding former banking operations-trailing twelve months (in thousands) (3)	$	395		$	411		$	426		$	440		$	454		$	395		$	454		$	59		15	%	$	59		15	%	$		14		3	%
Advisor Retention
Employee	91.2		%	91.4		%	91.3		%	92.0		%	91.5		%	91.2		%	91.5		%	0.3		%			0.3		%			(0.5			)%
Franchisee	94.3		%	94.3		%	94.7		%	94.7		%	94.7		%	94.3		%	94.7		%	0.4		%			0.4		%			—
Total Client Assets (at period end)	$	371,916		$	373,100		$	389,399		$	409,147		$	418,384		$	371,916		$	418,384		$	46,468		12	%	$	46,468		12	%	$	9,237			2	%
Total Wrap Accounts
Beginning assets	$	124,648		$	133,766		$	135,914		$	144,057		$	153,512		$	124,648		$	153,512		$	28,864		23	%	$	28,864		23	%	$	9,455			7	%
Net flows	4,073			3,115			3,022			2,845			4,205			4,073			4,205			132			3	%	132			3	%	1,360				48	%
Market appreciation (depreciation) and other	5,045			(967		)	5,121			6,610			1,641			5,045			1,641			(3,404		)	(67	)%	(3,404		)	(67	)%	(4,969			)	(75	)%
Total wrap ending assets	$	133,766		$	135,914		$	144,057		$	153,512		$	159,358		$	133,766		$	159,358		$	25,592		19	%	$	25,592		19	%	$	5,846			4	%

(1)Calculated using operating earnings subject to the quarterly operating effective tax rate for the last four quarters in the numerator and the average allocated capital as of the last day of the trailing four quarters and current quarter in the denominator.

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

(3)   Trailing twelve months is the sum of the last four quarters.

#    Variance of greater than 100%.

13

Statistical Supplement Package

(unaudited)

First Quarter 2014

Asset Management Segment

14

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	627		$	662		$	655		$	699		$	680		$	627		$	680		$	53		8	%	$	53		8	%	$	(19	)	(3	)%
Distribution fees	114			116			118			121			121			114			121			7			6	%	7			6	%	—			—
Net investment income	4			41			5			4			4			4			4			—			—		—			—		—			—
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	1			4			—			—			2			1			2			1			#		1			#		2			—
Total revenues	746			823			778			824			807			746			807			61			8	%	61			8	%	(17		)	(2	)%
Banking and deposit interest expense	—			1			1			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	746			822			777			824			807			746			807			61			8	%	61			8	%	(17		)	(2	)%
Expenses
Distribution expenses	268			281			278			285			284			268			284			16			6	%	16			6	%	(1		)	—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	4			4			5			4			4			4			4			—			—		—			—		—			—
Interest and debt expense	6			5			6			7			6			6			6			—			—		—			—		(1		)	(14	)%
General and administrative expense	330			338			316			341			330			330			330			—			—		—			—		(11		)	(3	)%
Operating expenses	608			628			605			637			624			608			624			16			3	%	16			3	%	(13		)	(2	)%
Pretax operating earnings	$	138		$	194		$	172		$	187		$	183		$	138		$	183		$	45		33	%	$	45		33	%	$	(4	)	(2	)%
Pretax operating margin	18.5		%	23.6		%	22.1		%	22.7		%	22.7		%	18.5		%	22.7		%	4.2		%			4.2		%			—
Operating total net revenues	$	746		$	822		$	777		$	824		$	807		$	746		$	807		$	61		8	%	$	61		8	%	$	(17	)	(2	)%
Distribution pass thru revenues	(214		)	(225		)	(224		)	(229		)	(228		)	(214		)	(228		)	(14		)	(7	)%	(14		)	(7	)%	1			—
Subadvisory and other pass thru revenues	(98		)	(136		)	(96		)	(100		)	(97		)	(98		)	(97		)	1			1	%	1			1	%	3			3	%
Adjusted operating revenues (1)	$	434		$	461		$	457		$	495		$	482		$	434		$	482		$	48		11	%	$	48		11	%	$	(13	)	(3	)%
Pretax operating earnings	$	138		$	194		$	172		$	187		$	183		$	138		$	183		$	45		33	%	$	45		33	%	$	(4	)	(2	)%
Operating net investment income	(4		)	(41		)	(5		)	(4		)	(4		)	(4		)	(4		)	—			—		—			—		—			—
Amortization of intangibles	10			9			10			9			9			10			9			(1		)	(10	)%	(1		)	(10	)%	—			—
Adjusted operating earnings (1)	$	144		$	162		$	177		$	192		$	188		$	144		$	188		$	44		31	%	$	44		31	%	$	(4	)	(2	)%
Adjusted net pretax operating margin (1)(2)	33.2		%	35.1		%	38.7		%	38.8		%	39.0		%	33.2		%	39.0		%	5.8		%			5.8		%			0.2		%
Return on Capital
Allocated capital	$	1,908		$	1,903		$	1,892		$	1,894		$	1,860		$	1,908		$	1,860		$	(48	)	(3	)%	$	(48	)	(3	)%	$	(34	)	(2	)%
Operating return on allocated capital (3)	20.7		%	24.0		%	24.8		%	26.2		%	28.3		%	20.7		%	28.3		%	7.6		%			7.6		%			2.1		%

(1)See non-GAAP financial information on pg 34.

(2)Calculated as adjusted operating earnings as a percentage of adjusted operating revenues.

(3)Calculated using operating earnings subject to the quarterly operating effective tax rate for the last four quarters in the numerator and the average allocated capital as of the last day of the trailing four quarters and current quarter in the denominator.

# Variance of greater than 100%.

15

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Total Managed Asset Net Flows
Columbia managed asset net flows	$	(5,065	)	$	(2,519	)	$	(4,227	)	$	3,516		$	(2,675	)	$	(5,065	)	$	(2,675	)	$	2,390		47	%	$	2,390		47	%	$	(6,191	)	#
Threadneedle managed asset net flows	(988		)	743			(83		)	2,088			(1,277		)	(988		)	(1,277		)	(289		)	(29	)%	(289		)	(29	)%	(3,365		)	#
Sub-advised eliminations	311			(326		)	(24		)	(74		)	55			311			55			(256		)	(82	)%	(256		)	(82	)%	129			#
Total managed asset net flows	$	(5,742	)	$	(2,102	)	$	(4,334	)	$	5,530		$	(3,897	)	$	(5,742	)	$	(3,897	)	$	1,845		32	%	$	1,845		32	%	$	(9,427	)	#
Total Managed Assets Reconciliations
Columbia managed assets	$	341,327		$	335,194		$	345,005		$	356,725		$	357,906		$	341,327		$	357,906		$	16,579		5	%	$	16,579		5	%	$	1,181		—
Threadneedle managed assets	127,674			126,976			137,377			147,443			149,260			127,674			149,260			21,586			17	%	21,586			17	%	1,817			1	%
Sub-advised eliminations	(2,514		)	(2,804		)	(3,066		)	(3,324		)	(3,270		)	(2,514		)	(3,270		)	(756		)	(30	)%	(756		)	(30	)%	54			2	%
Total managed assets	$	466,487		$	459,366		$	479,316		$	500,844		$	503,896		$	466,487		$	503,896		$	37,409		8	%	$	37,409		8	%	$	3,052		1	%
Total Managed Assets by Type
Equity	$	238,096		$	238,531		$	254,747		$	275,341		$	278,065		$	238,096		$	278,065		$	39,969		17	%	$	39,969		17	%	$	2,724		1	%
Fixed income	203,357			195,680			197,805			196,357			195,053			203,357			195,053			(8,304		)	(4	)%	(8,304		)	(4	)%	(1,304		)	(1	)%
Money market	6,022			6,100			6,607			7,122			6,527			6,022			6,527			505			8	%	505			8	%	(595		)	(8	)%
Alternative	6,627			6,312			6,145			6,401			6,790			6,627			6,790			163			2	%	163			2	%	389			6	%
Hybrid and other	12,385			12,743			14,012			15,623			17,461			12,385			17,461			5,076			41	%	5,076			41	%	1,838			12	%
Total managed assets by type	$	466,487		$	459,366		$	479,316		$	500,844		$	503,896		$	466,487		$	503,896		$	37,409		8	%	$	37,409		8	%	$	3,052		1	%
Average Managed Assets by Type (1)
Equity	$	232,480		$	240,841		$	246,720		$	266,491		$	274,903		$	232,480		$	274,903		$	42,423		18	%	$	42,423		18	%	$	8,412		3	%
Fixed income	203,694			201,450			196,182			197,702			196,320			203,694			196,320			(7,374		)	(4	)%	(7,374		)	(4	)%	(1,382		)	(1	)%
Money market	6,281			6,031			6,354			6,731			6,716			6,281			6,716			435			7	%	435			7	%	(15		)	—
Alternative	6,607			6,289			6,220			6,347			6,708			6,607			6,708			101			2	%	101			2	%	361			6	%
Hybrid and other	12,544			12,605			13,218			14,629			16,604			12,544			16,604			4,060			32	%	4,060			32	%	1,975			14	%
Total average managed assets by type	$	461,606		$	467,216		$	468,694		$	491,900		$	501,251		$	461,606		$	501,251		$	39,645		9	%	$	39,645		9	%	$	9,351		2	%

(1)Average ending balances are calculated using the average of the prior period’s ending balance and all months in the current period.

# Variance of greater than 100%.

16

Ameriprise Financial, Inc.

Asset Management Segment - Columbia

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Columbia Managed Assets Rollforward
Retail Funds
Beginning assets	$	216,264		$	227,476		$	223,255		$	230,637		$	239,393		$	216,264		$	239,393		$	23,129		11	%	$	23,129		11	%	$	8,756		4	%
Mutual fund inflows	10,338			9,491			8,609			9,624			9,609			10,338			9,609			(729		)	(7	)%	(729		)	(7	)%	(15		)	—
Mutual fund outflows	(12,518		)	(13,305		)	(12,250		)	(12,849		)	(12,420		)	(12,518		)	(12,420		)	98			1	%	98			1	%	429			3	%
Net VP/VIT fund flows	(165		)	(164		)	(119		)	(138		)	(178		)	(165		)	(178		)	(13		)	(8	)%	(13		)	(8	)%	(40		)	(29	)%
Net new flows	(2,345		)	(3,978		)	(3,760		)	(3,363		)	(2,989		)	(2,345		)	(2,989		)	(644		)	(27	)%	(644		)	(27	)%	374			11	%
Reinvested dividends	509			2,410			490			6,568			398			509			398			(111		)	(22	)%	(111		)	(22	)%	(6,170		)	(94	)%
Net flows	(1,836		)	(1,568		)	(3,270		)	3,205			(2,591		)	(1,836		)	(2,591		)	(755		)	(41	)%	(755		)	(41	)%	(5,796		)	#
Distributions	(660		)	(2,747		)	(640		)	(7,472		)	(528		)	(660		)	(528		)	132			20	%	132			20	%	6,944			93	%
Market appreciation (depreciation) and other	13,708			94			11,292			13,023			3,177			13,708			3,177			(10,531		)	(77	)%	(10,531		)	(77	)%	(9,846		)	(76	)%
Total ending assets	227,476			223,255			230,637			239,393			239,451			227,476			239,451			11,975			5	%	11,975			5	%	58			—
% of total retail assets sub-advised	21.7		%	20.9		%	20.7		%	20.5		%	20.5		%	21.7		%	20.5		%	(1.2		)%			(1.2		)%			—
Institutional
Beginning assets	72,417			71,935			71,052			72,741			75,648			72,417			75,648			3,231			4	%	3,231			4	%	2,907			4	%
Inflows	4,893			5,045			5,070			6,606			4,547			4,893			4,547			(346		)	(7	)%	(346		)	(7	)%	(2,059		)	(31	)%
Outflows	(8,039		)	(5,674		)	(5,822		)	(6,584		)	(4,945		)	(8,039		)	(4,945		)	3,094			38	%	3,094			38	%	1,639			25	%
Net flows	(3,146		)	(629		)	(752		)	22			(398		)	(3,146		)	(398		)	2,748			87	%	2,748			87	%	(420		)	#
Market appreciation (depreciation) and other	2,664			(254		)	2,441			2,885			1,213			2,664			1,213			(1,451		)	(54	)%	(1,451		)	(54	)%	(1,672		)	(58	)%
Total ending assets	71,935			71,052			72,741			75,648			76,463			71,935			76,463			4,528			6	%	4,528			6	%	815			1	%
Alternative
Beginning assets	5,684			5,654			5,460			5,316			5,643			5,684			5,643			(41		)	(1	)%	(41		)	(1	)%	327			6	%
Inflows	415			502			1			402			454			415			454			39			9	%	39			9	%	52			13	%
Outflows	(498		)	(824		)	(206		)	(113		)	(140		)	(498		)	(140		)	358			72	%	358			72	%	(27		)	(24	)%
Net flows	(83		)	(322		)	(205		)	289			314			(83		)	314			397			#		397			#		25			9	%
Market appreciation (depreciation) and other	53			128			61			38			72			53			72			19			36	%	19			36	%	34			89	%
Total ending assets	5,654			5,460			5,316			5,643			6,029			5,654			6,029			375			7	%	375			7	%	386			7	%
Affiliated General Account Assets	36,262			35,427			36,311			36,041			35,963			36,262			35,963			(299		)	(1	)%	(299		)	(1	)%	(78		)	—
Total Columbia managed assets	$	341,327		$	335,194		$	345,005		$	356,725		$	357,906		$	341,327		$	357,906		$	16,579		5	%	$	16,579		5	%	$	1,181		—
Total Columbia net flows	$	(5,065	)	$	(2,519	)	$	(4,227	)	$	3,516		$	(2,675	)	$	(5,065	)	$	(2,675	)	$	2,390		47	%	$	2,390		47	%	$	(6,191	)	#

# Variance of greater than 100%.

17

Ameriprise Financial, Inc.

Asset Management Segment - Threadneedle

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Threadneedle Managed Assets Rollforward
Retail Funds
Beginning assets	$	39,086		$	41,376		$	41,806		$	46,273		$	50,620		$	39,086		$	50,620		$	11,534		30	%	$	11,534		30	%	$	4,347		9	%
Mutual fund inflows	5,359			5,647			6,285			6,046			6,857			5,359			6,857			1,498			28	%	1,498			28	%	811			13	%
Mutual fund outflows	(3,998		)	(4,728		)	(5,403		)	(4,784		)	(7,774		)	(3,998		)	(7,774		)	(3,776		)	(94	)%	(3,776		)	(94	)%	(2,990		)	(63	)%
Net new flows	1,361			919			882			1,262			(917		)	1,361			(917		)	(2,278		)	#		(2,278		)	#		(2,179		)	#
Reinvested dividends	33			30			16			72			23			33			23			(10		)	(30	)%	(10		)	(30	)%	(49		)	(68	)%
Net flows	1,394			949			898			1,334			(894		)	1,394			(894		)	(2,288		)	#		(2,288		)	#		(2,228		)	#
Distributions	(86		)	(142		)	(94		)	(197		)	(118		)	(86		)	(118		)	(32		)	(37	)%	(32		)	(37	)%	79			40	%
Market appreciation (depreciation)	3,499			(710		)	765			2,078			455			3,499			455			(3,044		)	(87	)%	(3,044		)	(87	)%	(1,623		)	(78	)%
Foreign currency translation (1)	(2,611		)	29			2,743			971			410			(2,611		)	410			3,021			#		3,021			#		(561		)	(58	)%
Other	94			304			155			161			220			94			220			126			#		126			#		59			37	%
Total ending assets	41,376			41,806			46,273			50,620			50,693			41,376			50,693			9,317			23	%	9,317			23	%	73			0	%
Institutional
Beginning assets	87,647			85,325			84,318			90,275			96,065			87,647			96,065			8,418			10	%	8,418			10	%	5,790			6	%
Inflows	1,263			2,469			1,759			3,721			1,923			1,263			1,923			660			52	%	660			52	%	(1,798		)	(48	)%
Outflows	(3,591		)	(2,626		)	(2,693		)	(2,911		)	(2,271		)	(3,591		)	(2,271		)	1,320			37	%	1,320			37	%	640			22	%
Net flows	(2,328		)	(157		)	(934		)	810			(348		)	(2,328		)	(348		)	1,980			85	%	1,980			85	%	(1,158		)	#
Market appreciation (depreciation)	5,212			(1,772		)	758			2,498			555			5,212			555			(4,657		)	(89	)%	(4,657		)	(89	)%	(1,943		)	(78	)%
Foreign currency translation (1)	(5,753		)	70			5,465			1,872			797			(5,753		)	797			6,550			#		6,550			#		(1,075		)	(57	)%
Other	547			852			668			610			737			547			737			190			35	%	190			35	%	127			21	%
Total ending assets	85,325			84,318			90,275			96,065			97,806			85,325			97,806			12,481			15	%	12,481			15	%	1,741			2	%
Alternative
Beginning assets	1,019			973			852			829			758			1,019			758			(261		)	(26	)%	(261		)	(26	)%	(71		)	(9	)%
Inflows	—			—			—			—			—			—			—			—			—		—			—		—			—
Outflows	(54		)	(49		)	(47		)	(56		)	(35		)	(54		)	(35		)	19			35	%	19			35	%	21			38	%
Net flows	(54		)	(49		)	(47		)	(56		)	(35		)	(54		)	(35		)	19			35	%	19			35	%	21			38	%
Market appreciation (depreciation)	48			(94		)	(46		)	(46		)	18			48			18			(30		)	(63	)%	(30		)	(63	)%	64			#
Foreign currency translation (1)	(64		)	2			51			15			6			(64		)	6			70			#		70			#		(9		)	(60	)%
Other	24			20			19			16			14			24			14			(10		)	(42	)%	(10		)	(42	)%	(2		)	(13	)%
Total ending assets	973			852			829			758			761			973			761			(212		)	(22	)%	(212		)	(22	)%	3			—
Total Threadneedle managed assets	$	127,674		$	126,976		$	137,377		$	147,443		$	149,260		$	127,674		$	149,260		$	21,586		17	%	$	21,586		17	%	$	1,817		1	%
Total Threadneedle net flows	$	(988	)	$	743		$	(83	)	$	2,088		$	(1,277	)	$	(988	)	$	(1,277	)	$	(289	)	(29	)%	$	(289	)	(29	)%	$	(3,365	)	#
Total Threadneedle net flows excluding legacy insurance mandates	$	1,189		$	1,412		$	856		$	2,014		$	(248	)	$	1,189		$	(248	)	$	(1,437	)	#		$	(1,437	)	#		$	(2,262	)	#

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

# Variance of greater than 100%.

18

Ameriprise Financial, Inc.

Asset Management Segment - Columbia

First Quarter 2014

Mutual Fund Rankings in top 2 Lipper Quartiles

		1 Qtr 2013		2 Qtr 2013		3 Qtr 2013		4 Qtr 2013		1 Qtr 2014
Domestic Equity
Equal weighted	1 year	52	%	68	%	55	%	54	%	55	%
	3 year	51	%	68	%	63	%	51	%	50	%
	5 year	51	%	64	%	61	%	58	%	68	%
Asset weighted	1 year	56	%	47	%	35	%	39	%	41	%
	3 year	69	%	79	%	76	%	52	%	70	%
	5 year	71	%	73	%	73	%	47	%	76	%
International Equity
Equal weighted	1 year	39	%	50	%	47	%	65	%	60	%
	3 year	56	%	56	%	41	%	50	%	56	%
	5 year	57	%	53	%	56	%	50	%	53	%
Asset weighted	1 year	20	%	23	%	22	%	32	%	28	%
	3 year	25	%	26	%	26	%	26	%	27	%
	5 year	81	%	79	%	81	%	25	%	29	%
Taxable Fixed Income
Equal weighted	1 year	63	%	67	%	61	%	44	%	50	%
	3 year	78	%	71	%	71	%	65	%	65	%
	5 year	82	%	75	%	50	%	41	%	53	%
Asset weighted	1 year	70	%	72	%	72	%	44	%	53	%
	3 year	83	%	83	%	83	%	83	%	83	%
	5 year	98	%	93	%	62	%	52	%	60	%
Tax Exempt Fixed Income
Equal weighted	1 year	95	%	94	%	94	%	100	%	100	%
	3 year	100	%	100	%	94	%	100	%	100	%
	5 year	100	%	89	%	100	%	94	%	94	%
Asset weighted	1 year	93	%	98	%	98	%	100	%	100	%
	3 year	100	%	100	%	98	%	100	%	100	%
	5 year	100	%	98	%	100	%	84	%	84	%
Asset Allocation Funds
Equal weighted	1 year	54	%	54	%	62	%	31	%	33	%
	3 year	64	%	70	%	70	%	60	%	55	%
	5 year	82	%	80	%	80	%	80	%	78	%
Asset weighted	1 year	62	%	63	%	65	%	39	%	42	%
	3 year	84	%	84	%	85	%	64	%	68	%
	5 year	94	%	88	%	92	%	92	%	91	%
Number of 4- or 5-star Morningstar rated funds
Overall		52		51		51		54		51
3 year		50		49		45		45		43
5 year		44		43		40		41		44
Percent of 4- or 5-star Morningstar rated funds
Overall		51	%	53	%	52	%	55	%	51	%
3 year		49	%	51	%	46	%	46	%	43	%
5 year		45	%	46	%	43	%	43	%	46	%
Percent of 4- or 5-star Morningstar rated assets
Overall		58	%	70	%	54	%	56	%	52	%
3 year		49	%	50	%	39	%	39	%	38	%
5 year		47	%	55	%	43	%	37	%	42	%

Mutual fund performance rankings are based on the performance of Class Z fund shares for Columbia branded mutual funds.  Only funds with Class Z shares are included.  In instances where a fund’s Class Z shares do not have a full five year track record, performance for an older share class of the same fund, typically Class A shares, is utilized for the period before Class Z shares were launched.  No adjustments to the historical track records are made to account for differences in fund expenses between share classes of a fund.

Equal Weighted Rankings in Top 2 Quartiles:  Counts the number of funds 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 total assets of the funds with above median ranking (using Class Z and appended Class Z) divided by total assets of all funds.  Funds with more assets will receive a greater share of the total percentage above or below median.

19

Ameriprise Financial, Inc.

Asset Management Segment - Threadneedle

First Quarter 2014

Retail Fund Rankings in Top 2 Morningstar Quartiles or Above Index Benchmark

		1 Qtr 2013		2 Qtr 2013		3 Qtr 2013		4 Qtr 2013		1 Qtr 2014
Equity
Equal weighted	1 year	71	%	65	%	70	%	66	%	60	%
	3 year	78	%	78	%	80	%	78	%	80	%
	5 year	84	%	81	%	84	%	81	%	65	%
Asset weighted	1 year	60	%	52	%	45	%	46	%	42	%
	3 year	92	%	91	%	85	%	86	%	87	%
	5 year	94	%	94	%	90	%	88	%	68	%
Fixed Income
Equal weighted	1 year	67	%	88	%	54	%	48	%	61	%
	3 year	57	%	82	%	78	%	68	%	73	%
	5 year	92	%	92	%	67	%	67	%	67	%
Asset weighted	1 year	29	%	91	%	61	%	50	%	55	%
	3 year	37	%	76	%	72	%	43	%	57	%
	5 year	98	%	98	%	44	%	44	%	53	%
Allocation (Managed) Funds
Equal weighted	1 year	83	%	83	%	100	%	86	%	86	%
	3 year	67	%	67	%	83	%	100	%	100	%
	5 year	83	%	83	%	100	%	67	%	67	%
Asset weighted	1 year	86	%	92	%	100	%	92	%	62	%
	3 year	78	%	78	%	92	%	100	%	100	%
	5 year	86	%	86	%	100	%	54	%	55	%

The performance of each fund is measured on a consistent basis against the most appropriate benchmark - a peer group of similar funds or an index.

Equal weighted:  Counts the number of funds with above median ranking (if measured against peer group) or above index performance (if measured against an index) divided by the total number of funds.  Asset size is not a factor.

Asset weighted:  Sums the assets of the funds with above median ranking (if measured against peer group) or above index performance (if measured against an index) divided by the total sum of assets in the funds.  Funds with more assets will receive a greater share of the total percentage above or below median or index.

Aggregated Allocation (Managed) Funds include funds that invest in other funds of the Threadneedle range including those funds that invest in both equity and fixed income.

Aggregated Threadneedle data includes funds on the Threadneedle platform sub-advised by Columbia as well as advisors not affiliated with Ameriprise Financial, Inc.

20

Statistical Supplement Package

(unaudited)

First Quarter 2014

Annuities Segment

21

Ameriprise Financial, Inc.

Annuities Segment

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	170		$	174		$	179		$	186		$	183		$	170		$	183		$	13		8	%	$	13		8	%	$	(3	)	(2	)%
Distribution fees	81			85			86			87			88			81			88			7			9	%	7			9	%	1			1	%
Net investment income	264			260			260			252			242			264			242			(22		)	(8	)%	(22		)	(8	)%	(10		)	(4	)%
Premiums	28			26			27			29			26			28			26			(2		)	(7	)%	(2		)	(7	)%	(3		)	(10	)%
Other revenues	81			90			97			99			97			81			97			16			20	%	16			20	%	(2		)	(2	)%
Total revenues	624			635			649			653			636			624			636			12			2	%	12			2	%	(17		)	(3	)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	624			635			649			653			636			624			636			12			2	%	12			2	%	(17		)	(3	)%
Expenses
Distribution expenses	97			106			104			113			107			97			107			10			10	%	10			10	%	(6		)	(5	)%
Interest credited to fixed accounts	164			162			164			163			148			164			148			(16		)	(10	)%	(16		)	(10	)%	(15		)	(9	)%
Benefits, claims, losses and settlement expenses	116			130			150			102			86			116			86			(30		)	(26	)%	(30		)	(26	)%	(16		)	(16	)%
Amortization of deferred acquisition costs	41			66			(41		)	45			54			41			54			13			32	%	13			32	%	9			20	%
Interest and debt expense	8			8			10			11			10			8			10			2			25	%	2			25	%	(1		)	(9	)%
General and administrative expense	56			53			57			47			55			56			55			(1		)	(2	)%	(1		)	(2	)%	8			17	%
Operating expenses	482			525			444			481			460			482			460			(22		)	(5	)%	(22		)	(5	)%	(21		)	(4	)%
Pretax operating earnings	$	142		$	110		$	205		$	172		$	176		$	142		$	176		$	34		24	%	$	34		24	%	$	4		2	%
Pretax operating margin	22.8		%	17.3		%	31.6		%	26.3		%	27.7		%	22.8		%	27.7		%	4.9		%			4.9		%			1.4		%
Return on Capital
Allocated capital	$	2,266		$	2,415		$	2,618		$	2,956		$	2,800		$	2,266		$	2,800		$	534		24	%	$	534		24	%	$	(156	)	(5	)%
Operating return on allocated capital (1)	14.9		%	15.4		%	19.0		%	18.0		%	18.4		%	14.9		%	18.4		%	3.5		%			3.5		%			0.4		%
Market impact on variable annuity guaranteed benefits (2)
Risk margin and nonperformance spread impact	$	(44	)	$	(23	)	$	1		$	(45	)	$	(4	)	$	(44	)	$	(4	)	$	40		91	%	$	40		91	%	$	41		91	%
Other	42			(20		)	(22		)	(59		)	(11		)	42			(11		)	(53		)	#		(53		)	#		48			81	%
Total VA guaranteed benefit impact excluded from operating earnings	$	(2	)	$	(43	)	$	(21	)	$	(104	)	$	(15	)	$	(2	)	$	(15	)	$	(13	)	#		$	(13	)	#		$	89		86	%
Total annuity net flows	$	(462	)	$	(410	)	$	(372	)	$	(567	)	$	(815	)	$	(462	)	$	(815	)	$	(353	)	(76	)%	$	(353	)	(76	)%	$	(248	)	(44	)%

(1)Calculated using operating earnings subject to the quarterly operating effective tax rate for the last four quarters in the numerator and the average allocated capital as of the last day of the trailing four quarters and current quarter in the denominator.

(2)Guaranteed Minimum Withdrawal Benefit (GMWB) and Guaranteed Minimum Accumulation Benefit (GMAB) only, net of variable annuity guarantee hedges, DSIC and DAC amortization.

# Variance of greater than 100%.

22

Ameriprise Financial, Inc.

Annuities Segment

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Product Information
Variable Annuities
Pretax operating earnings	$	105		$	78		$	180		$	151		$	145		$	105		$	145		$	40		38	%	$	40		38	%	$	(6	)	(4	)%
Allocated capital	$	726		$	949		$	1,118		$	1,501		$	1,366		$	726		$	1,366		$	640		88	%	$	640		88	%	$	(135	)	(9	)%
Operating return on allocated capital (1)	30.5		%	29.8		%	41.4		%	36.4		%	35.6		%	30.5		%	35.6		%	5.1		%			5.1		%			(0.8		)%
Fixed Annuities (2)
Pretax operating earnings	$	37		$	32		$	25		$	21		$	31		$	37		$	31		$	(6	)	(16	)%	$	(6	)	(16	)%	$	10		48	%
Allocated capital	$	1,540		$	1,466		$	1,500		$	1,455		$	1,434		$	1,540		$	1,434		$	(106	)	(7	)%	$	(106	)	(7	)%	$	(21	)	(1	)%
Operating return on allocated capital (1)	7.0		%	7.5		%	6.2		%	5.5		%	5.4		%	7.0		%	5.4		%	(1.6		)%			(1.6		)%			(0.1		)%
Variable Annuities Rollforward
Beginning balance	$	68,054		$	70,882		$	70,266		$	72,737		$	75,522		$	68,054		$	75,522		$	7,468		11	%	$	7,468		11	%	$	2,785		4	%
Deposits	1,236			1,416			1,285			1,294			1,215			1,236			1,215			(21		)	(2	)%	(21		)	(2	)%	(79		)	(6	)%
Withdrawals and terminations	(1,429		)	(1,551		)	(1,439		)	(1,569		)	(1,615		)	(1,429		)	(1,615		)	(186		)	(13	)%	(186		)	(13	)%	(46		)	(3	)%
Net flows	(193		)	(135		)	(154		)	(275		)	(400		)	(193		)	(400		)	(207		)	#		(207		)	#		(125		)	(45	)%
Investment performance and interest credited	3,021			(481		)	2,625			3,060			771			3,021			771			(2,250		)	(74	)%	(2,250		)	(74	)%	(2,289		)	(75	)%
Total ending balance - contract accumulation values	$	70,882		$	70,266		$	72,737		$	75,522		$	75,893		$	70,882		$	75,893		$	5,011		7	%	$	5,011		7	%	$	371		—
Variable annuities fixed sub-accounts	$	4,824		$	4,855		$	4,912		$	4,927		$	4,893		$	4,824		$	4,893		$	69		1	%	$	69		1	%	$	(34	)	(1	)%
Fixed Annuities Rollforward
Beginning balance	$	13,823		$	13,675		$	13,522		$	13,424		$	13,252		$	13,823		$	13,252		$	(571	)	(4	)%	$	(571	)	(4	)%	$	(172	)	(1	)%
Deposits	36			35			56			59			49			36			49			13			36	%	13			36	%	(10		)	(17	)%
Withdrawals and terminations	(305		)	(310		)	(274		)	(351		)	(464		)	(305		)	(464		)	(159		)	(52	)%	(159		)	(52	)%	(113		)	(32	)%
Net flows	(269		)	(275		)	(218		)	(292		)	(415		)	(269		)	(415		)	(146		)	(54	)%	(146		)	(54	)%	(123		)	(42	)%
Policyholder interest credited	121			122			120			120			107			121			107			(14		)	(12	)%	(14		)	(12	)%	(13		)	(11	)%
Total ending balance - contract accumulation values	$	13,675		$	13,522		$	13,424		$	13,252		$	12,944		$	13,675		$	12,944		$	(731	)	(5	)%	$	(731	)	(5	)%	$	(308	)	(2	)%
Capitalized interest	$	1		$	—		$	1		$	—		$	1		$	1		$	1		$	—		—		$	—		—		$	1		—
Payout Annuities Reserve Balance	$	2,145		$	2,135		$	2,127		$	2,126		$	2,112		$	2,145		$	2,112		$	(33	)	(2	)%	$	(33	)	(2	)%	$	(14	)	(1	)%
Tax Equivalent Spread - Fixed Annuities (3)
Gross rate of return on invested assets (4)	5.3		%	5.2		%	5.2		%	5.1		%	4.9		%	5.3		%	4.9		%	(0.4		)%			(0.4		)%			(0.2		)%
Crediting rate excluding capitalized interest	(3.6		)%	(3.6		)%	(3.6		)%	(3.6		)%	(3.3		)%	(3.6		)%	(3.3		)%	0.3		%			0.3		%			0.3		%
Tax equivalent margin spread	1.7		%	1.6		%	1.6		%	1.5		%	1.6		%	1.7		%	1.6		%	(0.1		)%			(0.1		)%			0.1		%
Total Variable Annuities DAC
Beginning balance	$	1,508		$	1,532		$	1,550		$	1,653		$	1,690		$	1,508		$	1,690		$	182		12	%	$	182		12	%	$	37		2	%
Capitalization	43			50			43			46			41			43			41			(2		)	(5	)%	(2		)	(5	)%	(5		)	(11	)%
Amortization due to market impact on VA guaranteed benefits	(1		)	8			4			23			—			(1		)	—			1			#		1			#		(23		)	#
Amortization per income statement	(32		)	(58		)	53			(37		)	(43		)	(32		)	(43		)	(11		)	(34	)%	(11		)	(34	)%	(6		)	(16	)%
Other	14			18			3			5			(3		)	14			(3		)	(17		)	#		(17		)	#		(8		)	#
Total ending balance	$	1,532		$	1,550		$	1,653		$	1,690		$	1,685		$	1,532		$	1,685		$	153		10	%	$	153		10	%	$	(5	)	—
Total Fixed Annuities DAC
Beginning balance	$	68		$	67		$	92		$	85		$	88		$	68		$	88		$	20		29	%	$	20		29	%	$	3		4	%
Capitalization	1			—			1			—			1			1			1			—			—		—			—		1			—
Amortization per income statement	(9		)	(8		)	(12		)	(8		)	(11		)	(9		)	(11		)	(2		)	(22	)%	(2		)	(22	)%	(3		)	(38	)%
Other	7			33			4			11			(7		)	7			(7		)	(14		)	#		(14		)	#		(18		)	#
Total ending balance	$	67		$	92		$	85		$	88		$	71		$	67		$	71		$	4		6	%	$	4		6	%	$	(17	)	(19	)%

(1)Calculated using operating earnings subject to the quarterly operating effective tax rate for the last four quarters in the numerator and the average allocated capital as of the last day of the trailing four quarters and current quarter in the denominator.

(2)Includes payout annuities.

(3)Attributable to interest sensitive products only, which has been approximately 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.

(4)In the 1st quarter of 2013 through the 1st quarter of 2014, the Gross rates of return on invested assets were impacted by outstanding repurchase agreements. Without these positions, the Gross rates of return on invested assets would have been 5.2%, 5.1%, 5.0%, 4.9% and 4.8% respectively.

# Variance of greater than 100%.

23

Statistical Supplement Package

(unaudited)

First Quarter 2014

Protection Segment

24

Ameriprise Financial, Inc.

Protection Segment

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q						YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%			Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	14		$	14		$	15		$	15		$	15		$	14		$	15		$	1		7		%	$	1		7	%	$	—		—
Distribution fees	22			23			22			24			23			22			23			1			5		%	1			5	%	(1		)	(4	)%
Net investment income	110			111			110			108			108			110			108			(2		)	(2		)%	(2		)	(2	)%	—			—
Premiums	286			293			301			308			308			286			308			22			8		%	22			8	%	—			—
Other revenues	105			109			87			109			101			105			101			(4		)	(4		)%	(4		)	(4	)%	(8		)	(7	)%
Total revenues	537			550			535			564			555			537			555			18			3		%	18			3	%	(9		)	(2	)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—			—			—		—			—
Operating total net revenues	537			550			535			564			555			537			555			18			3		%	18			3	%	(9		)	(2	)%
Expenses
Distribution expenses	13			16			16			17			14			13			14			1			8		%	1			8	%	(3		)	(18	)%
Interest credited to fixed accounts	34			34			40			37			38			34			38			4			12		%	4			12	%	1			3	%
Benefits, claims, losses and settlement expenses	292			309			317			334			349			292			349			57			20		%	57			20	%	15			4	%
Amortization of deferred acquisition costs	29			31			26			32			28			29			28			(1		)	(3		)%	(1		)	(3	)%	(4		)	(13	)%
Interest and debt expense	6			6			6			7			7			6			7			1			17		%	1			17	%	—			—
General and administrative expense	60			63			62			63			60			60			60			—			—			—			—		(3		)	(5	)%
Operating expenses	434			459			467			490			496			434			496			62			14		%	62			14	%	6			1	%
Pretax operating earnings	$	103		$	91		$	68		$	74		$	59		$	103		$	59		$	(44	)	(43		)%	$	(44	)	(43	)%	$	(15	)	(20	)%
Pretax operating margin	19.2		%	16.5		%	12.7		%	13.1		%	10.6		%	19.2		%	10.6		%	(8.6		)%				(8.6		)%			(2.5		)%
Return on Capital
Allocated capital	$	1,751		$	1,794		$	1,824		$	1,815		$	1,839		$	1,751		$	1,839		$	88		5		%	$	88		5	%	$	24		1	%
Operating return on allocated capital (1)	15.6		%	15.5		%	14.7		%	13.6		%	11.7		%	15.6		%	11.7		%	(3.9		)%				(3.9		)%			(1.9		)%
Market impact on indexed universal life benefits (2)
Risk margin and nonperformance spread impact	$	—		$	—		$	6		$	(7	)	$	2		$	—		$	2		$	2		—			$	2		—		$	9		#
Other	—			(2		)	(8		)	(2		)	(1		)	—			(1		)	(1		)	—			(1		)	—		1			50	%
Total market impact on indexed universal life benefits excluded from operating earnings	$	—		$	(2	)	$	(2	)	$	(9	)	$	1		$	—		$	1		$	1		—			$	1		—		$	10		#
Product Information
Long Term Care
Pretax operating earnings	$	3		$	1		$	(2	)	$	1		$	8		$	3		$	8		$	5			#		$	5		#		$	7		#
Allocated capital	$	501		$	509		$	516		$	521		$	520		$	501		$	520		$	19		4		%	$	19		4	%	$	(1	)	—
Operating return on allocated capital (1)	0.5		%	0.5		%	0.8		%	0.4		%	1.2		%	0.5		%	1.2		%	0.7		%				0.7		%			0.8		%
Protection excluding Long Term Care
Pretax operating earnings	$	100		$	90		$	70		$	73		$	51		$	100		$	51		$	(49	)	(49		)%	$	(49	)	(49	)%	$	(22	)	(30	)%
Allocated capital	$	1,250		$	1,285		$	1,308		$	1,294		$	1,319		$	1,250		$	1,319		$	69		6		%	$	69		6	%	$	25		2	%
Operating return on allocated capital (1)	21.5		%	21.4		%	20.2		%	18.9		%	15.9		%	21.5		%	15.9		%	(5.6		)%				(5.6		)%			(3.0		)%

(1)     Calculated using operating earnings subject to the quarterly operating effective tax rate for the last four quarters in the numerator and the average allocated capital as of the last day of the trailing four quarters and current quarter in the denominator.

(2)     Market impact on indexed universal life benefits, net of hedges and the related DAC amortization, unearned revenue amortization, and the reinsurance accrual.

# Variance of greater than 100%.

25

Ameriprise Financial, Inc.

Protection Segment

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.			%
Cash Sales
VUL / UL(1)	$	64		$	81		$	81		$	83		$	78		$	64		$	78		$	14		22	%	$	14		22	%	$	(5	)	(6	)%
Term and whole life	2			3			3			2			3			2			3			1			50	%	1			50	%	1			50	%
Disability insurance	1			2			1			1			1			1			1			—			—		—			—		—			—
Auto and home	214			223			241			222			239			214			239			25			12	%	25			12	%	17			8	%
Total cash sales	$	281		$	309		$	326		$	308		$	321		$	281		$	321		$	40		14	%	$	40		14	%	$	13		4	%
VUL / UL Policyholder Account Balances
Beginning balance	$	9,859		$	10,202		$	10,198		$	10,514		$	10,906		$	9,859		$	10,906		$	1,047		11	%	$	1,047		11	%	$	392		4	%
Premiums and deposits	234			251			249			267			249			234			249			15			6	%	15			6	%	(18		)	(7	)%
Investment performance and interest	396			30			362			416			117			396			117			(279		)	(70	)%	(279		)	(70	)%	(299		)	(72	)%
Withdrawals and surrenders	(287		)	(285		)	(295		)	(292		)	(287		)	(287		)	(287		)	—			—		—			—		5			2	%
Other	—			—			—			1			(1		)	—			(1		)	(1		)	—		(1		)	—		(2		)	#
Total ending balance	$	10,202		$	10,198		$	10,514		$	10,906		$	10,984		$	10,202		$	10,984		$	782		8	%	$	782		8	%	$	78		1	%
Premiums by Product
Term and whole life	$	13		$	12		$	12		$	12		$	12		$	13		$	12		$	(1	)	(8	)%	$	(1	)	(8	)%	$	—		—
Disability insurance	39			39			39			39			38			39			38			(1		)	(3	)%	(1		)	(3	)%	(1		)	(3	)%
Long term care	28			28			29			30			28			28			28			—			—		—			—		(2		)	(7	)%
Auto and home	202			210			217			223			224			202			224			22			11	%	22			11	%	1			—
Intercompany premiums	4			4			4			4			6			4			6			2			50	%	2			50	%	2			50	%
Total premiums by product	$	286		$	293		$	301		$	308		$	308		$	286		$	308		$	22		8	%	$	22		8	%	$	—		—
Auto and Home Insurance
Policy count (thousands)	773			795			819			838			861			773			861			88			11	%	88			11	%	23			3	%
Loss ratio	84.7		%	87.1		%	90.4		%	92.2		%	100.5		%	84.7		%	100.5		%	15.8		%			15.8		%			8.3		%
Expense ratio	15.4		%	15.3		%	15.2		%	17.6		%	15.4		%	15.4		%	15.4		%	—					—					(2.2		)%
Combined ratio	100.1		%	102.4		%	105.6		%	109.8		%	115.9		%	100.1		%	115.9		%	15.8		%			15.8		%			6.1		%
DAC Rollforward
Life and Health
Beginning balance	$	797		$	810		$	838		$	845		$	859		$	797		$	859		$	62		8	%	$	62		8	%	$	14		2	%
Capitalization	18			22			22			24			20			18			20			2			11	%	2			11	%	(4		)	(17	)%
Amortization due to market impact on indexed universal life benefits	—			1			—			4			(1		)	—			(1		)	(1		)	—		(1		)	—		(5		)	#
Amortization per income statement	(17		)	(18		)	(13		)	(18		)	(15		)	(17		)	(15		)	2			12	%	2			12	%	3			17	%
Other	12			23			(2		)	4			(15		)	12			(15		)	(27		)	#		(27		)	#		(19		)	#
Total ending balance	$	810		$	838		$	845		$	859		$	848		$	810		$	848		$	38		5	%	$	38		5	%	$	(11	)	(1	)%
Life Insurance in Force	$	191,882		$	192,759		$	193,447		$	194,140		$	194,293		$	191,882		$	194,293		$	2,411		1	%	$	2,411		1	%	$	153		—
Net Amount at Risk	$	41,990		$	41,627		$	41,162		$	40,867		$	40,816		$	41,990		$	40,816		$	(1,174	)	(3	)%	$	(1,174	)	(3	)%	$	(51	)	—
Net Policyholder Reserves
VUL / UL	$	9,306		$	9,318		$	9,643		$	10,045		$	10,139		$	9,306		$	10,139		$	833		9	%	$	833		9	%	$	94		1	%
Term and whole life	228			226			225			222			221			228			221			(7		)	(3	)%	(7		)	(3	)%	(1		)	—
Disability insurance	527			532			532			535			539			527			539			12			2	%	12			2	%	4			1	%
Long term care and other	2,605			2,649			2,669			2,691			2,696			2,605			2,696			91			3	%	91			3	%	5			—
Auto and home loss and LAE reserves	362			371			381			405			439			362			439			77			21	%	77			21	%	34			8	%
Total net policyholder reserves	$	13,028		$	13,096		$	13,450		$	13,898		$	14,034		$	13,028		$	14,034		$	1,006		8	%	$	1,006		8	%	$	136		1	%

(1)  Includes lump sum deposits.

# Variance of greater than 100%.

26

Statistical Supplement Package

(unaudited)

First Quarter 2014

Corporate & Other Segment

27

Ameriprise Financial, Inc.

Corporate & Other Segment

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q						YTD Chg - 1Q						Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%			Diff.			%			Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—			—		$	—			—		$	—			—
Distribution fees	—			1			—			—			1			—			1			1			—			1			—			1			—
Net investment income	1			2			(1		)	6			4			1			4			3			#			3			#			(2		)	(33		)%
Premiums	—			—			—			—			—			—			—			—			—			—			—			—			—
Other revenues	3			—			2			1			1			3			1			(2		)	(67		)%	(2		)	(67		)%	—			—
Total revenues	4			3			1			7			6			4			6			2			50		%	2			50		%	(1		)	(14		)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—			—			—			—			—
Operating total net revenues	4			3			1			7			6			4			6			2			50		%	2			50		%	(1		)	(14		)%
Expenses
Distribution expenses	1			—			—			—			—			1			—			(1		)	#			(1		)	#			—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—			—			—			—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—			—			—			—			—
Interest and debt expense	4			4			3			22			4			4			4			—			—			—			—			(18		)	(82		)%
General and administrative expense	52			56			43			59			57			52			57			5			10		%	5			10		%	(2		)	(3		)%
Operating expenses	57			60			46			81			61			57			61			4			7		%	4			7		%	(20		)	(25		)%
Pretax operating loss	$	(53	)	$	(57	)	$	(45	)	$	(74	)	$	(55	)	$	(53	)	$	(55	)	$	(2	)	(4		)%	$	(2	)	(4		)%	$	19		26		%

# Variance of greater than 100%.

28

Ameriprise Financial, Inc.

Eliminations (1)

First Quarter 2014

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014			Diff.			%		Diff.			%		Diff.		%
Operating Income Statements
Revenues
Management and financial advice fees	$	(31	)	$	(32	)	$	(33	)	$	(33	)	$	(33	)	$	(31	)	$	(33	)	$	(2	)	(6	)%	$	(2	)	(6	)%	$	—	—
Distribution fees	(286		)	(312		)	(304		)	(322		)	(304		)	(286		)	(304		)	(18		)	(6	)%	(18		)	(6	)%	18		6	%
Net investment income	—			(1		)	(1		)	—			—			—			—			—			—		—			—		—		—
Premiums	(4		)	(4		)	(4		)	(4		)	(4		)	(4		)	(4		)	—			—		—			—		—		—
Other revenues	—			—			—			—			—			—			—			—			—		—			—		—		—
Total revenues	(321		)	(349		)	(342		)	(359		)	(341		)	(321		)	(341		)	(20		)	(6	)%	(20		)	(6	)%	18		5	%
Banking and deposit interest expense	—			(1		)	(1		)	—			—			—			—			—			—		—			—		—		—
Operating total net revenues	(321		)	(348		)	(341		)	(359		)	(341		)	(321		)	(341		)	(20		)	(6	)%	(20		)	(6	)%	18		5	%
Expenses
Distribution expenses	(307		)	(333		)	(327		)	(344		)	(326		)	(307		)	(326		)	(19		)	(6	)%	(19		)	(6	)%	18		5	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—		—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—		—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—		—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—		—
General and administrative expense	(14		)	(15		)	(14		)	(15		)	(15		)	(14		)	(15		)	(1		)	(7	)%	(1		)	(7	)%	—		—
Operating expenses	(321		)	(348		)	(341		)	(359		)	(341		)	(321		)	(341		)	(20		)	(6	)%	(20		)	(6	)%	18		5	%
Pretax operating earnings	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—	—

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

29

Statistical Supplement Package

(unaudited)

First Quarter 2014

Balance Sheet and Ratings Information

30

Ameriprise Financial, Inc.

Consolidated Balance Sheets

First Quarter 2014

(in millions, unaudited)	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013			March 31, 2014
Assets
Cash and cash equivalents	$	2,160		$	2,331		$	3,125		$	2,632		$	2,403
Cash of consolidated investment entities	881			1,046			340			419			496
Investments	36,446			35,388			35,404			35,735			35,906
Investments of consolidated investment entities	4,358			4,579			4,636			5,002			5,397
Separate account assets	75,499			74,815			77,788			81,223			81,872
Receivables	4,256			4,583			4,362			4,538			4,639
Receivables of consolidated investment entities	127			68			141			72			75
Deferred acquisition costs	2,435			2,506			2,610			2,663			2,630
Restricted and segregated cash and investments	2,262			2,241			2,259			2,360			2,391
Other assets	7,684			8,378			7,943			7,983			8,160
Other assets of consolidated investment entities	1,188			1,323			1,600			1,949			1,995
Total Assets	$	137,296		$	137,258		$	140,208		$	144,576		$	145,964
Liabilities
Policyholder account balances, future policy benefits and claims	$	30,545		$	30,088		$	29,943		$	29,620		$	29,625
Separate account liabilities	75,499			74,815			77,788			81,223			81,872
Customer deposits	6,494			6,586			6,744			7,062			7,211
Short-term borrowings	500			501			500			500			300
Long-term debt	2,389			2,352			2,947			2,720			2,719
Debt of consolidated investment entities	5,148			5,297			5,242			5,736			6,147
Accounts payable and accrued expenses	1,023			1,191			1,290			1,367			1,187
Accounts payable and accrued expenses of consolidated investment entities	30			107			127			62			41
Other liabilities	5,715			6,706			6,329			6,829			7,143
Other liabilities of consolidated investment entities	336			633			129			225			274
Total Liabilities	127,679			128,276			131,039			135,344			136,519
Equity
Ameriprise Financial
Common shares ($.01 par)	3			3			3			3			3
Additional paid-in capital	6,592			6,730			6,840			6,929			7,046
Retained earnings	6,617			6,831			7,107			7,289			7,582
Appropriated retained earnings of consolidated investment entities	361			299			335			337			356
Treasury stock	(5,697		)	(6,148		)	(6,565		)	(6,961		)	(7,389		)
Accumulated other comprehensive income, net of tax	1,084			625			605			595			746
Total Ameriprise Financial Shareholders’ Equity	8,960			8,340			8,325			8,192			8,344
Noncontrolling interests	657			642			844			1,040			1,101
Total Equity	9,617			8,982			9,169			9,232			9,445
Total Liabilities and Equity	$	137,296		$	137,258		$	140,208		$	144,576		$	145,964

31

Ameriprise Financial, Inc.

Capital and Ratings Information

First Quarter 2014

(in millions unless otherwise noted, unaudited)	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013			March 31, 2014
Long-term Debt Summary
Senior notes	$	2,095		$	2,058		$	2,653		$	2,426		$	2,425
Junior subordinated notes	294			294			294			294			294
Total Ameriprise Financial long-term debt	2,389			2,352			2,947			2,720			2,719
Non-recourse debt of consolidated investment entities	5,148			5,297			5,242			5,736			6,147
Total long-term debt	$	7,537		$	7,649		$	8,189		$	8,456		$	8,866
Total Ameriprise Financial long-term debt	$	2,389		$	2,352		$	2,947		$	2,720		$	2,719
Fair value of hedges and unamortized discount	(145		)	(108		)	(103		)	(76		)	(75		)
Total Ameriprise Financial long-term debt excluding fair value of hedges and unamortized discount (1)	$	2,244		$	2,244		$	2,844		$	2,644		$	2,644
Total equity (2)	$	9,617		$	8,982		$	9,169		$	9,232		$	9,445
Noncontrolling interests	(657		)	(642		)	(844		)	(1,040		)	(1,101		)
Total Ameriprise Financial shareholders’ equity	8,960			8,340			8,325			8,192			8,344
Equity of consolidated investment entities	(338		)	(282		)	(319		)	(321		)	(340		)
Total Ameriprise Financial shareholders’ equity excluding CIEs (1)	$	8,622		$	8,058		$	8,006		$	7,871		$	8,004
Total Ameriprise Financial capital	$	11,349		$	10,692		$	11,272		$	10,912		$	11,063
Total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs (1)	$	10,866		$	10,302		$	10,850		$	10,515		$	10,648
Debt to capital
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	21.1		%	22.0		%	26.1		%	24.9		%	24.6		%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs (1)	20.7		%	21.8		%	26.2		%	25.1		%	24.8		%

	A.M. Best Company	Standard & Poor’s Rating Services	Moody’s Investors Service, Inc.
Ratings (as of March 31, 2014 earnings release date)
Claims Paying Ratings (3)
RiverSource Life Insurance Company	A+	AA-	Aa3
IDS Property Casualty Ins. Company	A	N/R	N/R
Debt Ratings (3)
Ameriprise Financial, Inc.	a-	A	A3

(1)See non-GAAP financial information on pg 34.  Non-GAAP financial measure reconciliations can be found on page 45.

(2)Includes accumulated other comprehensive income, net of tax.

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

N/R - Not Rated.

32

Ameriprise Financial, Inc.

Ameriprise Financial Investments (1)

First Quarter 2014

(in millions unless otherwise noted, unaudited)	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013			March 31, 2014
Cash and cash equivalents	$	2,160		$	2,331		$	3,125		$	2,632		$	2,403
Investments - Ending Balances
Available-for-Sale Securities
Corporate debt securities	18,533			17,732			17,502			17,466			17,464
Residential mortgage backed securities	5,364			5,449			5,943			6,124			6,090
Commercial mortgage backed securities	3,222			2,958			2,770			2,741			2,781
Asset backed securities	1,390			1,405			1,425			1,504			1,522
Total mortgage and other asset backed securities	9,976			9,812			10,138			10,369			10,393
State and municipal obligations	2,256			2,151			2,123			2,160			2,298
US government and agencies obligations	56			54			53			52			52
Foreign government bonds and obligations	215			254			252			245			252
Common and preferred stocks	13			15			16			18			19
Total other	2,540			2,474			2,444			2,475			2,621
Total available-for-sale securities	31,049			30,018			30,084			30,310			30,478
Commercial mortgage loans	2,621			2,642			2,655			2,682			2,695
Allowance for loan losses	(29		)	(29		)	(26		)	(26		)	(25		)
Commercial mortgage loans, net	2,592			2,613			2,629			2,656			2,670
Residential mortgage loans	987			951			901			859			821
Allowance for loan losses	(6		)	(6		)	(6		)	(5		)	(4		)
Residential mortgage loans, net	981			945			895			854			817
Policy loans	754			761			769			774			780
Other investments	1,070			1,051			1,027			1,141			1,161
Total investments	36,446			35,388			35,404			35,735			35,906
Total cash, cash equivalents and investments	$	38,606		$	37,719		$	38,529		$	38,367		$	38,309
Net unrealized gain Available-for-Sale Securities	$	2,745		$	1,740		$	1,629		$	1,471		$	1,836
AFS Fixed Maturity Asset Quality - %
AAA	25		%	25		%	25		%	25		%	25		%
AA	6		%	6		%	6		%	6		%	6		%
AFS securities AA and above	31		%	31		%	31		%	31		%	31		%
A	20		%	20		%	21		%	22		%	22		%
BBB	43		%	42		%	42		%	41		%	41		%
Below investment grade	6		%	7		%	6		%	6		%	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	6		%	6		%	6		%	6		%	6		%

(1)Investments excluding investments of CIEs.

33

Ameriprise Financial, Inc.

Non-GAAP Financial Information

Ameriprise Financial, Inc. (the Company) prepares its financial statements in accordance with accounting principles generally accepted in the United States (U.S. GAAP).  This report includes information on both a U.S. GAAP and non-GAAP basis.  Management believes that the presentation of these non-GAAP financial measures best reflect the underlying performance of the Company and facilitate a more meaningful trend analysis.  Management uses certain of these non-GAAP measures to evaluate our financial performance on a basis comparable to that used by some securities analysts and investors. Also, certain of these non-GAAP measures are taken into consideration, to varying degrees, for purposes of business planning and analysis and certain compensation-related matters.  See the reconciliations on pages 6, 15, 44 and 45.

These non-GAAP measures include:

· Adjusted net pretax operating margin;

· Adjusted operating earnings;

· Adjusted operating revenues;

· Ameriprise Financial shareholders’ equity excluding AOCI;

· Ameriprise Financial shareholders’ equity excluding CIEs;

· Ameriprise Financial shareholders’ equity excluding CIEs and AOCI;

· Basic operating earnings per share;

· Effective tax rate excluding noncontrolling interests;

· Operating earnings;

· Operating earnings per diluted share;

· Operating effective tax rate;

· Operating return on equity excluding AOCI;

· Operating total net revenues;

· Pretax operating earnings;

· Pretax operating margin;

· Return on equity excluding AOCI;

· Total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs;

· Total Ameriprise Financial long-term debt excluding fair value of hedges and unamortized discount;

· Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs;

· Various financial measures that exclude the results of former banking operations

Reclassification

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

34

Ameriprise Financial, Inc.

Glossary of Selected Terminology - Segments

Advice & Wealth Management - This segment provides financial planning and advice, as well as full service brokerage services, primarily to retail clients through our advisors. Our advisors have access to a diversified selection of both affiliated and non-affiliated products to help clients meet their financial needs. A significant portion of revenues in this segment is fee-based, driven by the level of client assets, which is impacted by both market movements and net asset flows. We also earn net investment income on owned assets primarily from certificate products. This segment also includes the results of operation for Ameriprise National Trust Bank, which terminated its deposit-taking and credit-originating activities in the fourth quarter of 2012. This segment earns revenues (distribution fees) for providing non-affiliated products and earns intersegment revenues (distribution fees) for providing our affiliated products and services to our retail clients. Intersegment expenses for this segment include expenses for investment management services provided by our Asset Management segment.

Asset Management - This segment provides investment advice and investment products to retail, high net worth and institutional clients. Such products and services are provided on a global scale through Columbia Management Investment Advisers, LLC (Columbia Management) and Threadneedle Asset Management Holdings Sàrl (Threadneedle).  Columbia Management primarily provides U.S. domestic products and services, and Threadneedle primarily provides international investment products and services. We provide clients with U.S. domestic individual products through unaffiliated third-party financial institutions and through our Advice & Wealth Management segment, and we provide institutional products and services through our institutional sales force. International retail products are primarily distributed through third-party financial institutions and unaffiliated financial advisors. Individual products include mutual funds, exchange-traded funds and variable product funds underlying insurance and annuity separate accounts. Institutional asset management services are designed to meet specific client objectives and may involve a range of products, including those that focus on traditional asset classes, separately managed accounts, collateralized loan obligations, hedge funds, collective funds and property funds. Collateralized loan obligations and hedge funds are classified as alternative assets. Revenues in this segment are primarily earned as fees based on managed asset balances, which are impacted by market movements, net asset flows, asset allocation and product mix. We may also earn performance fees from certain accounts where investment performance meets or exceeds certain pre-identified targets. In addition to the products and services provided to third-party clients, management teams serving our Asset Management segment provide all intercompany asset management services for Ameriprise Financial subsidiaries. The fees for such services are reflected within the Asset Management segment results through intersegment transfer pricing. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management, Annuities and Protection segments.

Annuities - This segment provides RiverSource variable and fixed annuity products to individual clients. RiverSource Life Insurance Company and RiverSource Life Insurance Co. of New York provide variable annuity products through our advisors, and fixed annuity products are provided through both affiliated and unaffiliated advisors and financial institutions. These products are designed to help individuals address their asset accumulation and income goals.  Revenues for our variable annuity products are primarily earned as fees based on underlying account balances, which are impacted by both market movements and net asset flows. Revenues for our fixed annuity products are primarily earned as net investment income on assets supporting fixed account balances, with profitability significantly impacted by the spread between net investment income earned and interest credited on the fixed account balances. We also earn net investment income on owned assets supporting reserves for immediate annuities and for certain guaranteed benefits offered with variable annuities and on capital supporting the business. Intersegment revenues for this segment reflect fees paid by our Asset Management segment for marketing support and other services provided in connection with the availability of VIT Funds under the variable annuity contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

Protection - This segment provides a variety of products to address the protection and risk management needs of our retail clients, including life, disability income and property-casualty insurance. These products are designed to provide a lifetime of solutions that allow clients to protect income, grow assets and give to loved ones or charity. Life and disability income products are primarily provided through our advisors. Our property-casualty products are sold primarily through affinity relationships. We issue insurance policies through our life insurance subsidiaries and property casualty companies (IDS Property Casualty Insurance Company and its subsidiary, Ameriprise Insurance Company). The primary sources of revenues for this segment are premiums, fees, and charges we receive to assume insurance-related risk. We earn net investment income on owned assets supporting insurance reserves and capital supporting the business. We also receive fees based on the level of assets supporting variable universal life separate account balances. This segment earns intersegment revenues from fees paid by our Asset Management segment for marketing support and other services provided in connection with the availability of VIT Funds under the variable universal life contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

Corporate & Other - This segment consists of net investment income or loss on corporate level assets, including excess capital held in our subsidiaries and other unallocated equity and other revenues as well as unallocated corporate expenses.

35

Ameriprise Financial, Inc.

Glossary of Selected Terminology

Adjusted Net Pretax Operating Margin - An internal measure designed to calculate operating margins similar to how asset management companies define operating margins. A ratio representing adjusted operating earnings as a percentage of adjusted operating revenues for the asset management segment.

Adjusted Operating Earnings - Asset management segment pretax operating earnings less operating net investment income plus amortization of intangibles.

Adjusted Operating Revenues - Asset management segment operating total net revenues less pass through distribution revenue and subadvisory and other pass through revenues.

Affiliated General Account Assets - Balance sheet assets from various affiliates managed and reported by Columbia.

Allocated Capital - The internal allocation of Total Ameriprise Financial Capital, excluding accumulated other comprehensive income (loss), CIEs, and fair value of hedges and unamortized discount on Ameriprise Financial long-term debt, is based on management’s best estimate of capital required to support the business. Estimates reflect the higher of regulatory or rating agency capital requirements, and include capital held for some stress contingencies.  Capital is allocated to our operating segments for the purpose of measuring segment return on allocated capital.  For the Corporate & Other segment, allocated capital also includes any capital available after capital has been allocated to the operating segments. Allocated capital is not adjusted for non-operating items except for CIEs.

Alternative Assets - Assets reported by the Company that include Hedge Funds and Collateralized Debt Obligations (“CDO”).

Ameriprise Financial - Ameriprise Financial includes ownership interests in subsidiaries that are attributable, directly or indirectly, to Ameriprise Financial, Inc. and excludes noncontrolling interests.

AOCI - Accumulated other comprehensive income (loss), net of tax.

Assets Under Administration - Assets under administration include assets for which we provide administrative services such as client assets invested in other companies’ products that we offer outside of our wrap accounts. These assets include those held in clients’ brokerage accounts. We generally record fees received from administered assets as distribution fees. We do not exercise management discretion over these assets and do not earn a management fee. These assets are not reported on our Consolidated Balance Sheets. Assets under administration also include certain assets on our Consolidated Balance Sheets for which we do not provide investment management services and do not recognize management fees, such as investments in non-affiliated funds held in the separate accounts of our life insurance subsidiaries. These assets do not include assets under advisement, for which we provide model portfolios but do not have full discretionary investment authority.

Assets Under Management - Assets under management include assets for which we provide investment management services, such as the assets of the Columbia funds and Threadneedle funds, assets of institutional clients, and client assets held in wrap and personal trust accounts as well as assets managed by sub-advisors selected by us. Assets under management also include certain assets on our Consolidated Balance Sheets for which we provide investment management services and recognize management fees in our Asset Management segment, such as the assets of the general account, RiverSource Variable Product funds held in the separate accounts of our life insurance subsidiaries, and client assets of CIEs. These assets do not include assets under advisement, for which we provide model portfolios, but do not have full discretionary investment authority.

Auto & Home Insurance - Personal auto and home protection products marketed directly to customers through marketing affiliates such as Costco Wholesale Corporation and Ford Motor Credit Company. We sell these products through our auto and home subsidiary, IDS Property Casualty Insurance Company (doing business as Ameriprise Auto & Home Insurance).

Cash Sales - Cash sales are the dollar value volume indicator that captures gross new cash inflows which generate product revenue streams to our company. This includes primarily “client initiated” activity that results in an incremental increase in assets or premiums in force (but doesn’t need to result in time of sale revenue), or activity that doesn’t increase assets or premiums in force, but generates “fee revenue”.

Consolidated Investment Entities (“CIEs”) - CIEs include certain property and hedge funds as well as the variable interest entities required to be consolidated under current accounting standards.

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

Deferred Acquisition Costs and Amortization - Deferred acquisition costs (“DAC”) represent the direct costs of acquiring new protection and annuity contracts, principally direct sales commissions and other distribution and underwriting costs that have been deferred on the sale of life, disability income, long term care, auto, and home insurance and annuities.  DAC also includes deferred direct sales commissions on certain mutual fund products. These costs are deferred to the extent they are directly related to the acquisition of new business and are recoverable from future profits.

Life Insurance in Force - The total amount of all life insurance death benefits currently insured by our company.

Market Impact on Indexed Universal Life Benefits - The impact of changes in financial market conditions on benefit costs associated with indexed universal life benefits accounted for as embedded derivatives, net of changes in associated economic hedge values and net of related impacts on DAC amortization, unearned revenue amortization, and the reinsurance accrual.  This market impact includes the risk margin and nonperformance spread impact.

Market Impact on Variable Annuity Guaranteed Benefits - The impact of changes in financial market conditions on benefit costs associated with variable annuity guaranteed living benefits accounted for as embedded derivatives, net of changes in economic hedge values and unhedged items including the difference between assumed and actual underlying separate account investment performance, fixed income credit exposures, transaction costs and certain policyholder contract elections, net of related impacts on DAC and DSIC amortization.  The market impact includes the risk margin and nonperformance spread impact.

Net Amount at Risk - Life insurance in force less policyholder reserves net of reinsurance.

Net Flows - Sales less redemptions and miscellaneous flows which may include reinvested dividends.

Net New Flows - Mutual or VP/VIT fund inflows less outflows.

Operating Earnings - Net income attributable to Ameriprise Financial less integration/restructuring charges, net of tax, market impact on variable annuity guaranteed benefits and indexed universal life benefits, net of tax, income (loss) from discontinued operations, net of tax and realized gains, net of tax, plus realized losses, net of tax.

Operating Expenses - Total expenses less integration/restructuring charges, market impact on variable annuity guaranteed benefits, market impact on indexed universal life benefits and expense from consolidated investment entities.

Operating Net Investment Income - Net investment income minus net realized gains (losses) and net investment income from consolidated investment entities.

Operating Return on Allocated Capital - Calculated using operating earnings subject to the quarterly operating effective tax rate for the last four quarters in the numerator and the average allocated capital as of the last day of the trailing four quarters and current quarter in the denominator.  Operating earnings for each product line are based on the target level of assets which are based on management’s best estimate after considering regulatory and rating agency requirements.

Operating Total Net Revenues - Total net revenues less realized gains plus realized losses plus/less indexed universal life market impact on reinsurance and unearned revenue less revenue from consolidated investment entities and integration/restructuring.

Pretax Operating Earnings - Income from continuing operations before income tax provision plus or minus net realized gains (losses) plus integration/restructuring charges plus market impact on variable annuity guaranteed benefits plus market impact on indexed universal life benefits minus pretax income (loss) from consolidated investment entities.

Pretax Operating Margin - A ratio representing pretax operating earnings as a percentage of operating total net revenues.

Pretax Income (Loss) Margin - A ratio representing pretax income (loss) as a percentage of total net revenues.

Risk Margin and Nonperformance Spread Impact - The portion of the market impact on variable annuity guaranteed benefits and indexed universal life benefits related to liability valuation adjustments made in accordance with Financial Accounting Standards Board Accounting Standards Codification 820, Fair Value Measurements and Disclosures (“ASC 820”) that management considers to be non-economic, including the impact of discounting projected benefits at a rate reflecting a current estimate of RiverSource Life’s nonperformance spread.

Separate Account - Represents assets and liabilities that are maintained and established primarily for the purpose of funding variable annuity and insurance products. The assets of the separate account are only available to fund the liabilities of the variable annuity contract holders and others with contracts requiring premiums or other deposits to the separate account. Clients elect to invest premiums in stock, bond and/or money market funds depending on their risk tolerance. All investment performance, net of fees, is passed through to the client.

Threadneedle - Threadneedle Asset Management Holdings Sarl is a holding company for the London-based Threadneedle companies, which provide investment management products and services.

Total Ameriprise Financial Capital - Total Ameriprise Financial shareholders’ equity plus total Ameriprise Financial long-term debt. Total Ameriprise Financial capital is also presented excluding fair value of hedges, unamortized discount and equity of CIEs.

Total Ameriprise Financial Long-term Debt to Total Ameriprise Financial Capital Ratio - A ratio comprised of total Ameriprise Financial long-term debt divided by Ameriprise Financial capital. We also present total Ameriprise Financial long-term debt to total Ameriprise Financial capital ratios excluding fair value of hedges, unamortized discount and equity of consolidated investment entities. 

Wrap Accounts - Wrap accounts enable our clients to purchase other securities such as mutual funds in connection with investment advisory fee-based “wrap account” programs or services. We offer clients the opportunity to select products that include affiliated and non-affiliated funds. We currently offer both discretionary and non-discretionary investment advisory wrap accounts. In a discretionary wrap account, an unaffiliated investment advisor or our investment management subsidiary, Columbia Management Investment Advisers, LLC, chooses the underlying investments in the portfolio on behalf of the client. In a non-discretionary wrap account, the client chooses the underlying investments in the portfolio based, to the extent the client elects, in part or whole on the recommendations of their financial advisor. Investors in our wrap accounts generally pay an asset-based fee based on the assets held in their wrap accounts. These investors also pay any related fees or costs included in the underlying securities held in that account, such as underlying mutual fund operating expenses and Rule 12b-1 fees.

36

Exhibit A

Statistical Supplement Package

(unaudited)

First Quarter 2014

Disclosed Items

37

Ameriprise Financial, Inc.

Disclosed Items

1 Qtr 2014

Excluded from Operating Earnings

										Corporate and
	Annuities					Protection				Eliminations
			Market Impact on					Market Impact on
	Securities		VA Guaranteed			Securities		Indexed Universal
(in millions, unaudited)	Gains/(Losses) (1)		Benefits (2)			Gains/(Losses) (1)		Life Benefits (3)		CIEs (4)
Revenues
Management and financial advice fees	$	—	$	—		$	—	$	—	$	(14	)
Distribution fees	—		—			—		—		—
Net investment income	4		—			1		—		74
Premiums	—		—			—		—		—
Other revenues	—		—			—		2		117
Total revenues	4		—			1		2		177
Banking and deposit interest expense	—		—			—		—		—
Total net revenues	4		—			1		2		177
Expenses
Distribution expenses	—		—			—		—		—
Interest credited to fixed accounts	—		—			—		—		—
Benefits, claims, losses and settlement expenses	—		15			—		—		—
Amortization of deferred acquisition costs	—		—			—		1		—
Interest and debt expense	—		—			—		—		50
General and administrative expense	—		—			—		—		12
Total expenses	—		15			—		1		62
Pretax segment income (loss)	4		(15		)	1		1		115
Less: Net income (loss) attributable to noncontrolling interest	—		—			—		—		115
Pretax segment gain (loss) attributable to Ameriprise Financial	$	4	$	(15	)	$	1	$	1	$	—

Included in Operating Earnings

	Annuities						Protection						Consolidated
	Market									Auto & Home
	Impacts			Variable Annuity			Auto & Home			Weather Related			Tax
(in millions, unaudited)	to DAC/DSIC (5)			Product Changes (6)			Reserves (7)			Losses (8)			Benefit (9)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—
Net investment income	—			—			—			—			—
Premiums	—			—			—			—			—
Other revenues	—			—			—			—			—
Total revenues	—			—			—			—			—
Banking and deposit interest expense	—			—			—			—			—
Operating total net revenues	—			—			—			—			—
Expenses
Distribution expenses	—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—
Benefits, claims, losses and settlement expenses	(2		)	(34		)	30			20			—
Amortization of deferred acquisition costs	(6		)	5			—			—			—
Interest and debt expense	—			—			—			—			—
General and administrative expense	—			—			—			—			—
Operating expenses	(8		)	(29		)	30			20			—
Pretax operating earnings	$	8		$	29		$	(30	)	$	(20	)	$	—
Tax benefit													$	17

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

(2)  Variable annuity guaranteed benefit impacts include:

$16 million net expense related to hedged variable annuity benefits

$1 million decrease in DAC and DSIC amortization resulting from hedged benefits

(3)  Indexed universal life benefit impacts include:

$1 million increase in DAC amortization resulting from hedged indexed universal life benefits

$2 million decrease in unearned revenue reserve amortization and reinsurance accrual from hedged indexed universal life benefits

(4)  Reflects revenues and expenses of Consolidated Investment Entities

(5)  Decrease in DAC and DSIC amortization from higher than projected separate account growth

(6)  Benefit related to the addition of managed volatility fund options (Portfolio Stabilizer) for in-force variable annuities with living benefit guarantees

(7)  Increase in auto and home auto liability reserves based upon additional analysis and information regarding adverse development of bodily injury claims

(8)  Auto and home weather-related losses from severe winter weather

(9)  Tax benefit from the completion of tax audits from previous years

38

Ameriprise Financial, Inc.

Disclosed Items

4 Qtr 2013

Excluded from Operating Earnings

	Advice & Wealth Management			Asset Management			Annuities						Protection					Corporate and Eliminations
										Market Impact on					Market Impact on
	Securities			Restructuring			Securities			VA Guaranteed			Securities		Indexed Universal			Securities
(in millions, unaudited)	Gains/(Losses) (1)			Charges (2)			Gains/(Losses) (1)			Benefits (3)			Gains/(Losses) (1)		Life Benefits (4)			Gains/(Losses) (1)		CIEs (5)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—	$	—		$	—	$	(13	)
Distribution fees	—			—			—			—			—		—			—		—
Net investment income	(1		)	—			(1		)	—			1		—			1		55
Premiums	—			—			—			—			—		—			—		—
Other revenues	—			—			—			—			—		(7		)	—		95
Total revenues	(1		)	—			(1		)	—			1		(7		)	1		137
Banking and deposit interest expense	—			—			—			—			—		—			—		—
Total net revenues	(1		)	—			(1		)	—			1		(7		)	1		137
Expenses
Distribution expenses	—			—			—			—			—		—			—		—
Interest credited to fixed accounts	—			—			—			—			—		6			—		—
Benefits, claims, losses and settlement expenses	—			—			—			127			—		—			—		—
Amortization of deferred acquisition costs	—			—			—			(23		)	—		(4		)	—		—
Interest and debt expense	—			—			—			—			—		—			—		38
General and administrative expense	—			11			—			—			—		—			—		15
Total expenses	—			11			—			104			—		2			—		53
Pretax segment income (loss)	(1		)	(11		)	(1		)	(104		)	1		(9		)	1		84
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—		—			—		84
Pretax segment gain (loss) attributable to Ameriprise Financial	$	(1	)	$	(11	)	$	(1	)	$	(104	)	$	1	$	(9	)	$	1	$	—

Included in Operating Earnings

	Annuities						Protection						Corporate
	Market						Market						Debt
	Impacts			Variable Annuity			Impacts			Auto & Home			Retirement
(in millions, unaudited)	to DAC/DSIC (6)			Product Changes (7)			to DAC/DSIC (6)			Reserves (8)			Expense (9)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—
Net investment income	—			—			—			—			—
Premiums	—			—			—			—			—
Other revenues	—			—			—			—			—
Total revenues	—			—			—			—			—
Banking and deposit interest expense	—			—			—			—			—
Operating total net revenues	—			—			—			—			—
Expenses
Distribution expenses	—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—
Benefits, claims, losses and settlement expenses	(4		)	(31		)	—			20			—
Amortization of deferred acquisition costs	(12		)	5			(1		)	—			—
Interest and debt expense	—			—			—			—			19
General and administrative expense	—			—			—			—			—
Operating expenses	(16		)	(26		)	(1		)	20			19
Pretax operating earnings	$	16		$	26		$	1		$	(20	)	$	(19	)

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

(2)  Non-recurring restructuring charges related to consolidation of office space

(3)  Variable annuity guaranteed benefit impacts include:

$131 million net expense related to hedged variable annuity benefits

$27 million decrease in DAC and DSIC amortization resulting from hedged benefits

(4)  Indexed universal life benefit impacts include:

$6 million net expense related to hedged indexed universal life benefits

$4 million decrease in DAC amortization resulting from hedged indexed universal life benefits

$7 million increase in unearned revenue reserve amortization and reinsurance accrual from hedged indexed universal life benefits

(5)  Reflects revenues and expenses of Consolidated Investment Entities

(6)  Decrease in DAC and DSIC amortization from higher than projected separate account growth

(7)  Benefit related to the addition of managed volatility fund options (Portfolio Stabilizer) for in-force variable annuities with living benefit guarantees

(8)  Increase in auto and home reserves based on auto liability claims development

(9)  Make whole expense associated with the retirement of debt

39

Ameriprise Financial, Inc.

Disclosed Items

3 Qtr 2013

Excluded from Operating Earnings

	Annuities					Protection					Corporate and Eliminations
			Market Impact on					Market Impact on
	Securities		VA Guaranteed			Securities		Indexed Universal			Securities
(in millions, unaudited)	Gains/(Losses) (1)		Living Benefits (2)(7)			Gains/(Losses) (1)		Life Benefits (3)			Gains/(Losses) (1)		CIEs (4)
Revenues
Management and financial advice fees	$	—	$	—		$	—	$	—		$	—	$	(13	)
Distribution fees	—		—			—		—			—		—
Net investment income	1		—			2		—			3		81
Premiums	—		—			—		—			—		—
Other revenues	—		—			—		(2		)	—		46
Total revenues	1		—			2		(2		)	3		114
Banking and deposit interest expense	—		—			—		—			—		—
Total net revenues	1		—			2		(2		)	3		114
Expenses
Distribution expenses	—		—			—		—			—		—
Interest credited to fixed accounts	—		—			—		—			—		—
Benefits, claims, losses and settlement expenses	—		25			—		—			—		—
Amortization of deferred acquisition costs	—		(4		)	—		—			—		—
Interest and debt expense	—		—			—		—			—		42
General and administrative expense	—		—			—		—			—		5
Total expenses	—		21			—		—			—		47
Pretax segment income (loss)	1		(21		)	2		(2		)	3		67
Less: Net income (loss) attributable to noncontrolling interest	—		—			—		—			—		67
Pretax segment gain (loss) attributable to Ameriprise Financial	$	1	$	(21	)	$	2	$	(2	)	$	3	$	—

Included in Operating Earnings

	Annuities						Protection
	Market			Valuation			Valuation			Auto & Home
	Impacts			Assumptions &			Assumptions &			Catastrophe
(in millions, unaudited)	to DAC/DSIC (5)			Model Changes (6)(7)			Model Changes (6)			Losses (8)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—
Net investment income	—			—			—			—
Premiums	—			—			—			—
Other revenues	—			—			(18		)	—
Total revenues	—			—			(18		)	—
Banking and deposit interest expense	—			—			—			—
Operating total net revenues	—			—			(18		)	—
Expenses
Distribution expenses	—			—			—			—
Interest credited to fixed accounts	—			—			—			—
Benefits, claims, losses and settlement expenses	(3		)	21			(4		)	15
Amortization of deferred acquisition costs	(10		)	(81		)	(3		)	—
Interest and debt expense	—			—			—			—
General and administrative expense	—			—			—			—
Operating expenses	(13		)	(60		)	(7		)	15
Pretax operating earnings	$	13		$	60		$	(11	)	$	(15	)

(1)	Pretax net realized investment gains/(losses) on Available-for-Sale securities and other securities
(2)	Variable annuity guaranteed living benefit impacts include:
		$27 million net expense related to hedged variable annuity living benefits
		$6 million decrease in DAC and DSIC amortization resulting from hedged living benefits
(3)	Indexed universal life benefit impacts include:
		$2 million increase in unearned revenue reserve amortization and reinsurance accrual from hedged indexed universal life benefits
(4)	Reflects revenues and expenses of Consolidated Investment Entities
(5)	Decrease in DAC and DSIC amortization from higher than projected separate account growth
(6)	Net pretax impact of model changes and the annual review/updating of valuation assumptions
(7)	$17 million benefit attributable to annual review/updating of valuation assumptions is excluded from operating earnings and disclosed as part of the Market Impact on VA Guaranteed Living Benefits
(8)	Total Auto & Home catastrophe losses for the quarter

40

Ameriprise Financial, Inc.

Disclosed Items

2 Qtr 2013

Excluded from Operating Earnings

	Annuities						Protection			Corporate and Eliminations
				Market Impact on			Market Impact on
	Securities			VA Guaranteed			Indexed Universal			Securities					Restructuring
(in millions, unaudited)	Gains/(Losses) (1)			Living Benefits (2)			Life Benefits (3)			Gains/(Losses) (1)		CIEs (4)			Charges (5)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—	$	(29	)	$	—
Distribution fees	—			—			—			—		—			—
Net investment income	(3		)	—			—			3		7			—
Premiums	—			—			—			—		—			—
Other revenues	—			—			(1		)	—		34			—
Total revenues	(3		)	—			(1		)	3		12			—
Banking and deposit interest expense	—			—			—			—		—			—
Total net revenues	(3		)	—			(1		)	3		12			—
Expenses
Distribution expenses	—			—			—			—		—			—
Interest credited to fixed accounts	—			—			2			—		—			—
Benefits, claims, losses and settlement expenses	—			51			—			—		—			—
Amortization of deferred acquisition costs	—			(8		)	(1		)	—		—			—
Interest and debt expense	—			—			—			—		35			—
General and administrative expense	—			—			—			—		17			1
Total expenses	—			43			1			—		52			1
Pretax segment income (loss)	(3		)	(43		)	(2		)	3		(40		)	(1		)
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—		(40		)	—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	(3	)	$	(43	)	$	(2	)	$	3	$	—		$	(1	)

Included in Operating Earnings

	Asset Management				Annuities			Protection						Consolidated
					Market						Auto & Home
	Gain on Sale -				Impacts			Reserve			Catastrophe			Compensation
(in millions, unaudited)	Cofunds (6)		CDO Benefit (7)		to DAC/DSIC (8)			Adjustment (9)			Losses (10)			Items (11)
Revenues
Management and financial advice fees	$	—	$	17	$	—		$	—		$	—		$	—
Distribution fees	—		—		—			—			—			—
Net investment income	30		10		—			—			—			—
Premiums	—		—		—			—			—			—
Other revenues	—		—		—			—			—			—
Total revenues	30		27		—			—			—			—
Banking and deposit interest expense	—		—		—			—			—			—
Operating total net revenues	30		27		—			—			—			—
Expenses
Distribution expenses	—		—		—			—			—			4
Interest credited to fixed accounts	—		—		—			—			—			—
Benefits, claims, losses and settlement expenses	—		—		3			8			4			—
Amortization of deferred acquisition costs	—		—		9			—			—			—
Interest and debt expense	—		—		—			—			—			—
General and administrative expense	—		8		—			—			—			17
Operating expenses	—		8		12			8			4			21
Pretax operating earnings	$	30	$	19	$	(12	)	$	(8	)	$	(4	)	$	(21	)

(1)	Pretax net realized investment gains/(losses) on Available-for-Sale securities and other securities
(2)	Variable annuity guaranteed living benefit impacts include:
		$50 million net expense related to hedged variable annuity living benefits
		$7 million decrease in DAC and DSIC amortization resulting from hedged living benefits
(3)	Indexed universal life benefit impacts include:
		$2 million net expense related to hedged indexed universal life benefits
		$1 million decrease in DAC amortization resulting from hedged indexed universal life benefits
		$1 million increase in unearned revenue reserve amortization and reinsurance accrual from hedged indexed universal life benefits
(4)	Reflects revenues and expenses of Consolidated Investment Entities
(5)	Non-recurring restructuring charges related to exiting the banking business
(6)	Threadneedle gain on sale of strategic business investment in Cofunds
(7)	CDO fund liquidation benefit
(8)	Increase in DAC and DSIC amortization from lower than projected separate account growth
(9)	Disability income insurance reserve adjustment
(10)	Above the normal expected level of claims experience; total catastrophe losses were $18 million for the quarter
(11)	True-up of performance based compensation, retention and benefit items as well as severance expense

41

Ameriprise Financial, Inc.

Disclosed Items

1 Qtr 2013

Excluded from Operating Earnings

	Advice & Wealth Management			Annuities						Protection					Corporate and Eliminations
							Market Impact on						Market Impact on
	Securities			Securities			VA Guaranteed			Securities			Indexed Universal		Securities					Restructuring
(in millions, unaudited)	Gains/(Losses) (1)			Gains/(Losses) (1)			Living Benefits (2)			Gains/(Losses) (1)			Life Benefits (3)		Gains/(Losses) (1)		CIEs (4)			Charges (5)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—	$	—	$	(12	)	$	—
Distribution fees	—			—			—			—			—		—		—			—
Net investment income	1			(1		)	—			(1		)	—		2		77			—
Premiums	—			—			—			—			—		—		—			—
Other revenues	—			—			—			—			—		—		17			—
Total revenues	1			(1		)	—			(1		)	—		2		82			—
Banking and deposit interest expense	—			—			—			—			—		—		—			—
Total net revenues	1			(1		)	—			(1		)	—		2		82			—
Expenses
Distribution expenses	—			—			—			—			—		—		—			—
Interest credited to fixed accounts	—			—			—			—			—		—		—			—
Benefits, claims, losses and settlement expenses	—			—			1			—			—		—		—			—
Amortization of deferred acquisition costs	—			—			1			—			—		—		—			—
Interest and debt expense	—			—			—			—			—		—		41			—
General and administrative expense	—			—			—			—			—		—		11			2
Total expenses	—			—			2			—			—		—		52			2
Pretax segment income (loss)	1			(1		)	(2		)	(1		)	—		2		30			(2		)
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—		—		30			—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	1		$	(1	)	$	(2	)	$	(1	)	$	—	$	2	$	—		$	(2	)
Included in Operating Earnings
	Asset Management			Annuities			Protection
				Market			Market
	Threadneedle			Impacts			Impacts
(in millions, unaudited)	Valuation (6)			to DAC/DSIC (7)			to DAC/DSIC (7)
Revenues
Management and financial advice fees	$	—		$	—		$	—
Distribution fees	—			—			—
Net investment income	—			—			—
Premiums	—			—			—
Other revenues	—			—			—
Total revenues	—			—			—
Banking and deposit interest expense	—			—			—
Operating total net revenues	—			—			—
Expenses
Distribution expenses	—			—			—
Interest credited to fixed accounts	—			—			—
Benefits, claims, losses and settlement expenses	—			(3		)	—
Amortization of deferred acquisition costs	—			(11		)	(1		)
Interest and debt expense	—			—			—
General and administrative expense	2			—			—
Operating expenses	2			(14		)	(1		)
Pretax operating earnings	$	(2	)	$	14		$	1

(1)	Pretax net realized investment gains/(losses) on Available-for-Sale securities and other securities
(2)	Variable annuity guaranteed living benefit impacts include:
		$1 million net expense related to hedged variable annuity living benefits
		$1 million increase in DAC and DSIC amortization resulting from hedged living benefits
(3)	Indexed universal life benefit impacts include:
		$0 million net expense related to hedged indexed universal life benefits
		$0 million increase in DAC amortization resulting from hedged indexed universal life benefits
		$0 million increase in unearned revenue reserve amortization and reinsurance accrual from hedged indexed universal life benefits
(4)	Reflects revenues and expenses of Consolidated Investment Entities
(5)	Non-recurring restructuring charges related to exiting the banking business
(6)	Impact related to Threadneedle’s estimated change in market valuation attributable to its employee incentive compensation program
(7)	Decrease in DAC and DSIC amortization from higher than projected separate account growth

42

Exhibit B

Statistical Supplement Package

(unaudited)

First Quarter 2014

Non-GAAP Financial Measure Reconciliations

43

Ameriprise Financial, Inc.

Non-GAAP Financial Measure Reconciliations

First Quarter 2014

																Year-to-date
(in millions unless otherwise noted, unaudited)	1 Qtr 2013			2 Qtr 2013			3 Qtr 2013			4 Qtr 2013			1 Qtr 2014			2013			2014
Return on Equity
Net income attributable to Ameriprise Financial (last twelve months)	$	1,120		$	1,218		$	1,427		$	1,334		$	1,399		$	1,120		$	1,399
Less income (loss) from discontinued operations, net of tax (last twelve months)	(2		)	(2		)	—			(3		)	(3		)	(2		)	(3		)
Net income from continuing operations attributable to Ameriprise Financial (last twelve months)	1,122			1,220			1,427			1,337			1,402			1,122			1,402
Less adjustments (1)	(126		)	(126		)	(22		)	(123		)	(127		)	(126		)	(127		)
Operating earnings (last twelve months)	$	1,248		$	1,346		$	1,449		$	1,460		$	1,529		$	1,248		$	1,529
Total Ameriprise Financial shareholders’ equity (five point quarter end average)	$	9,066		$	8,911		$	8,775		$	8,582		$	8,432		$	9,066		$	8,432
Less AOCI, net of tax (five point quarter end average)	1,068			1,023			955			821			731			1,068			731
Total Ameriprise Financial shareholders’ equity excluding AOCI (five point quarter end average)	7,998			7,888			7,820			7,761			7,701			7,998			7,701
Less equity impacts attributable to the consolidated investment entities (five point quarter end average)	384			356			344			333			337			384			337
Operating equity (five point quarter end average)	$	7,614		$	7,532		$	7,476		$	7,428		$	7,364		$	7,614		$	7,364
Return on equity excluding AOCI	14.0		%	15.5		%	18.2		%	17.2		%	18.2		%	14.0		%	18.2		%
Operating return on equity excluding AOCI	16.4		%	17.9		%	19.4		%	19.7		%	20.8		%	16.4		%	20.8		%
Effective Tax Rate
Income from continuing operations before income tax provision	$	487		$	402		$	602		$	479		$	650		$	487		$	650
Less pretax income (loss) attributable to noncontrolling interests	30			(40		)	67			84			115			30			115
Income from continuing operations before income tax provision excluding consolidated investment entities (CIEs)	457			442			535			395			535			457			535
Less adjustments (2)	(3		)	(46		)	(17		)	(124		)	(9		)	(3		)	(9		)
Pretax operating earnings	$	460		$	488		$	552		$	519		$	544		$	460		$	544
Income tax provision from continuing operations	$	121		$	120		$	154		$	97		$	134		$	121		$	134
Operating income tax provision	$	122		$	136		$	160		$	141		$	137		$	122		$	137
Effective tax rate	25.0		%	29.6		%	25.5		%	20.5		%	20.7		%	25.0		%	20.7		%
Effective tax rate excluding noncontrolling interests	26.6		%	26.9		%	28.7		%	24.8		%	25.1		%	26.6		%	25.1		%
Operating effective tax rate	26.5		%	27.9		%	29.0		%	27.2		%	25.2		%	26.5		%	25.2		%

(1)Adjustments reflect the trailing twelve months’ sum of after-tax net realized gains/losses; the market impact on variable annuity guaranteed benefits net of hedges and related DSIC and DAC amortization; the market impact on indexed universal life benefits, net of hedges and the related DAC amortization, unearned revenue amortization, and the reinsurance accrual; and integration/restructuring charges. After-tax is calculated using the statutory tax rate of 35%.

(2)Adjustments reflect net realized gains/losses; the market impact on variable annuity guaranteed benefits net of hedges and related DSIC and DAC amortization; the market impact on indexed universal life benefits, net of hedges and the related DAC amortization, unearned revenue amortization, and the reinsurance accrual; and integration/restructuring charges.

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Ameriprise Financial, Inc.

Non-GAAP Financial Measure Reconciliations

First Quarter 2014

(in millions unless otherwise noted, unaudited)	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013			March 31, 2014
Long-term Debt Summary
Senior notes	$	2,095		$	2,058		$	2,653		$	2,426		$	2,425
Junior subordinated notes	294			294			294			294			294
Total Ameriprise Financial long-term debt	2,389			2,352			2,947			2,720			2,719
Less fair value of hedges and unamortized discount	145			108			103			76			75
Total Ameriprise Financial long-term debt excluding fair value of hedges and unamortized discount	$	2,244		$	2,244		$	2,844		$	2,644		$	2,644
Equity Summary
Total equity	$	9,617		$	8,982		$	9,169		$	9,232		$	9,445
Less noncontrolling interests	657			642			844			1,040			1,101
Total Ameriprise Financial shareholders’ equity	8,960			8,340			8,325			8,192			8,344
Less equity of consolidated investment entities	338			282			319			321			340
Total Ameriprise Financial shareholders’ equity excluding CIEs	$	8,622		$	8,058		$	8,006		$	7,871		$	8,004
Capital Summary
Total Ameriprise Financial long-term debt	$	2,389		$	2,352		$	2,947		$	2,720		$	2,719
Total Ameriprise Financial shareholders’ equity	8,960			8,340			8,325			8,192			8,344
Total Ameriprise Financial capital	11,349			10,692			11,272			10,912			11,063
Less equity of consolidated investment entities	338			282			319			321			340
Less fair value of hedges and unamortized discount	145			108			103			76			75
Total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs	$	10,866		$	10,302		$	10,850		$	10,515		$	10,648
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	21.1		%	22.0		%	26.1		%	24.9		%	24.6		%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs	20.7		%	21.8		%	26.2		%	25.1		%	24.8		%
Ameriprise Financial shareholders’ equity	$	8,960		$	8,340		$	8,325		$	8,192		$	8,344
AOCI	1,084			625			605			595			746
Appropriated retained earnings of CIEs	361			299			335			337			356
AOCI attributable to CIEs	(23		)	(17		)	(16		)	(16		)	(16		)
Ameriprise Financial shareholders’ equity	$	8,960		$	8,340		$	8,325		$	8,192		$	8,344
Less AOCI	1,084			625			605			595			746
Ameriprise Financial shareholders’ equity excluding AOCI	$	7,876		$	7,715		$	7,720		$	7,597		$	7,598
Ameriprise Financial shareholders’ equity	$	8,960		$	8,340		$	8,325		$	8,192		$	8,344
Less appropriated retained earnings of CIEs	361			299			335			337			356
Less AOCI	1,084			625			605			595			746
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI	$	7,515		$	7,416		$	7,385		$	7,260		$	7,242

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