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 22, 2015

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 22, 2015, Ameriprise Financial, Inc. (the “Company,” “we,” or “our”) issued a press release announcing its financial results for the first quarter of 2015.  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, 2015.

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, 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 2015 and 2014 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.  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 general and administrative expense; 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; and total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.	Description
Exhibit 99.1	Press Release dated April 22, 2015 announcing financial results for the first quarter of 2015
Exhibit 99.2	Statistical Supplement for the quarterly period ended March 31, 2015

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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, hereunto duly authorized.

	AMERIPRISE FINANCIAL, INC.
	(Registrant)
Date: April 22, 2015	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 2015 Results

First quarter 2015 net income(1) per diluted share was $2.08, operating EPS up 7 percent to $2.18

First quarter 2015 return on equity excluding AOCI was 21.5 percent
Operating ROE excluding AOCI increased 230 bps to a record high 23.1 percent

Company raises regular quarterly dividend 16 percent to $0.67 per share

MINNEAPOLIS — April 22, 2015 — Ameriprise Financial, Inc. (NYSE: AMP) today reported first quarter 2015 net income(1) of $393 million, or $2.08 per diluted share. Operating earnings were $412 million, up 1 percent from a year ago, with operating earnings per diluted share increasing 7 percent to $2.18. First quarter 2015 results included an $0.11 per diluted share unfavorable impact of a long term care reserve increase.

Operating net revenues increased 3 percent to $2.9 billion as business growth was partially offset by the negative impact of foreign exchange, a decline in net investment income and lower activity due to market volatility.

Operating expenses increased 3 percent to $2.3 billion, primarily driven by a $32 million long term care reserve increase in the current quarter and a $29 million reserve reduction in the year ago quarter from policyholder behavior related to a product change. Without these items, operating expenses were essentially flat. General and administrative expenses decreased 1 percent compared to a year ago reflecting the company’s ongoing expense discipline.

In the quarter, the company returned $459 million to shareholders through share repurchases and dividends.

“Ameriprise continues to deliver good performance with our Advice & Wealth Management and Asset Management businesses generating 64 percent of operating earnings in the quarter,” said Jim Cracchiolo, chairman and chief executive officer. “Retail client asset growth was strong from net inflows, new client acquisition and experienced advisor recruiting. And while the operating environment was more challenging in the quarter with increased equity market volatility and continued low interest rates, we’re executing our strategy and remain focused on serving our clients and advisors.”

“With our business growth and strong capital position, we continue to return capital to shareholders through share repurchases and dividends, including raising our regular quarterly dividend 16 percent — the eighth increase over the past six years.”

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

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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)	2015		2014		(Worse)		2015		2014		(Worse)
Net income from continuing operations attributable to Ameriprise Financial	$	393	$	401	(2	)%	$	2.08	$	2.01	3	%
Adjustments, net of tax (1) (see reconciliation on p. 11)	19		6				0.10		0.03
Operating earnings (2)	$	412	$	407	1	%	$	2.18	$	2.04	7	%
Weighted average common shares outstanding:
Basic	186.3		195.5
Diluted	189.1		199.1

(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.

Results in the quarter reflected $0.13 per diluted share of unfavorable items — a reserve increase of $0.11 per share related to our closed block of long term care insurance and a net $0.02 per share unfavorable impact from other items discussed in the segment commentaries.

In addition, the market impact on DAC and DSIC was a $0.04 per diluted share benefit compared to a $0.03 per diluted share benefit a year ago.

Taxes

The first quarter 2015 operating effective tax rate was 26.7 percent compared to 25.2 percent a year ago. The company estimates that its full year 2015 operating effective tax rate will be in the 26 to 28 percent range.

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First Quarter 2015 Business Highlights

·Total assets under management and administration grew 4 percent from a year ago to $815 billion driven by Ameriprise advisor client net inflows and market appreciation, partially offset by an unfavorable foreign exchange impact of more than $17 billion.

·Advice & Wealth Management experienced continued strong growth in client assets and flows with advisor client assets up 8 percent to $453 billion and wrap assets increasing 13 percent to $180 billion. Wrap net inflows in the quarter were strong at $2.8 billion.

·Advisor productivity continues to improve. On a trailing 12-month basis, operating net revenue per advisor grew 11 percent to a record $505,000.

·Experienced advisor recruiting was strong in the quarter, with 77 experienced advisors moving their practices to Ameriprise.

·Asset Management segment AUM increased slightly to $506 billion driven by market appreciation, partially offset by net outflows and an unfavorable year-over-year impact of more than $17 billion from foreign exchange. For the quarter, net outflows were $5.8 billion.

·The company has 120 four- and five-star rated funds at Columbia Threadneedle Investments.

·On March 30, the company launched the Columbia Threadneedle Investments brand representing the combined capabilities, resources and reach of Columbia Management and Threadneedle Investments.

·The company continued to build out its multi-asset solutions business, launching the Columbia Adaptive Alternatives Fund, a liquid alternatives fund that provides retail investors access to a diverse portfolio of alternative investments.

·Variable annuity policyholder account balances grew 3 percent to $78 billion and included $1.2 billion in new sales — 32 percent of sales in the quarter did not include living benefits, up from 25 percent a year ago.

·Variable Universal Life / Universal Life insurance account balances increased 4 percent to $11 billion.

·Combined, Advice & Wealth Management and Asset Management generated 64 percent of company pretax operating earnings(1), up from 61 percent a year ago.

·The company increased its regular quarterly dividend 16 percent to $0.67 per share payable on May 15, 2015 to shareholders of record as of May 4, 2015.

·Excess capital was approximately $2.5 billion after the company repurchased 2.6 million shares of common stock in the quarter for $349 million and paid $110 million in quarterly dividends. The company also holds $250 million of additional capital above required levels, primarily for variable annuity products.

(1)  Excludes Corporate & Other segment

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

	Quarter Ended March 31,						% Better/
(in millions, unaudited)	2015			2014			(Worse)
Advice & Wealth Management
Net revenues	$	1,228		$	1,149		7	%
Expenses	1,018			968			(5	)
Pretax operating earnings	$	210		$	181		16
Pretax operating margin	17.1		%	15.8		%

	Quarter Ended March 31,				% Better/
	2015		2014		(Worse)
Retail client assets (billions)	$	453	$	418	8	%
Mutual fund wrap net flows (billions)	$	2.8	$	4.2	(33	)%
Operating net revenue per branded advisor (trailing 12 months - thousands)	$	505	$	454	11	%

Advice & Wealth Management pretax operating earnings increased 16 percent to $210 million reflecting strong revenue growth and expense controls. First quarter 2015 pretax operating margin reached a record high of 17.1 percent compared to 15.8 percent a year ago. On a sequential basis, first quarter 2015 results reflected two fewer fee days.

Operating net revenues grew 7 percent to $1.2 billion driven by asset growth in fee-based accounts from client net inflows and market appreciation, partially offset by lower activity reflecting increased market volatility.

Operating expenses increased 5 percent to $1 billion as business growth resulted in higher distribution expenses. General and administrative expenses were flat compared to a year ago.

Total retail client assets grew 8 percent to $453 billion driven by client net inflows, new client acquisition and market appreciation. Wrap net inflows remained strong at $2.8 billion with wrap balances increasing 13 percent to $180 billion. The combination of asset growth and client activity drove an 11 percent increase in operating net revenue per advisor 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)	2015			2014			(Worse)
Asset Management
Net revenues	$	807		$	807		—
Expenses	616			624			1	%
Pretax operating earnings	$	191		$	183		4
Adjusted net pretax operating margin	39.7		%	39.0		%

	Quarter Ended March 31,						% Better/
	2015			2014			(Worse)
Total segment AUM(1) (billions)	$	506		$	504		—
Columbia Management AUM	$	364		$	358		2	%
Threadneedle AUM	$	147		$	149		(1	)%
Total segment net flows (billions)	$	(5.8	)	$	(3.9	)	(49	)%
Retail net flows	$	(3.0	)	$	(3.4	)	11	%
Institutional net flows	$	(2.8	)	$	(0.8	)	NM
Alternative net flows	$	—		$	0.3		NM

(1)Subadvisory eliminations between Columbia Management and Threadneedle are included in the company’s First Quarter 2015 Statistical Supplement available at ir.ameriprise.com.

NM  Not Meaningful — variance of greater than 100%

Asset Management pretax operating earnings increased 4 percent to $191 million driven by market appreciation and continued expense management, partially offset by net outflows, the negative impact of foreign exchange and costs associated with the move to a new London office.

First quarter adjusted net pretax operating margin remained strong at 39.7 percent compared to 39.0 percent a year ago.

Operating net revenues were flat at $807 million as asset growth from market appreciation was offset by net outflows and the negative impact of foreign exchange.

Operating expenses decreased 1 percent to $616 million reflecting well-controlled general and administrative expenses and lower distribution expenses.

AUM grew slightly to $506 billion as market appreciation more than offset the impact of net outflows and a more than $17 billion unfavorable impact from foreign exchange. For the quarter, net outflows were $5.8 billion reflecting elevated outflows in the Columbia Acorn Fund, continued outflows from former parent company affiliated distribution, and low basis point fee institutional and insurance mandates. Initiatives to improve U.S. retail intermediary flows are gaining traction, including initiatives to increase wholesaler productivity and earn greater share with key clients and platforms. Retail net inflows of $0.5 billion at Threadneedle included increased flows into Asian equity products. Net outflows in third party institutional reflected the timing of certain large mandate fundings, which are now expected to fund in the second quarter.

5

Ameriprise Financial, Inc.

Annuities Segment Operating Results

	Quarter Ended March 31,				% Better/
(in millions, unaudited)	2015		2014		(Worse)
Annuities
Net revenues	$	631	$	636	(1	)%
Expenses	459		460		—
Pretax operating earnings	$	172	$	176	(2	)
Variable annuity pretax operating earnings	$	144	$	145	(1	)%
Fixed annuity pretax operating earnings	28		31		(10	)
Total pretax operating earnings	$	172	$	176	(2	)
Items included in operating earnings:
Market impact on DAC and DSIC (mean reversion)	$	10	$	8	25	%
Impact of variable annuity product changes	2		29		(93	)%
Total annuities impact	$	12	$	37	(68	)%

	Quarter Ended March 31,						% Better/
	2015			2014			(Worse)
Variable annuity ending account balances (billions)	$	77.9		$	75.9		3	%
Variable annuity net flows (millions)	$	(385	)	$	(400	)	4	%
Fixed annuity ending account balances (billions)	$	11.7		$	12.9		(10	)%
Fixed annuity net flows (millions)	$	(565	)	$	(415	)	(36	)%

Annuities pretax operating earnings were $172 million compared to $176 million a year ago, as the year ago period included a $37 million benefit from the market impact on DAC and DSIC and from policyholder behavior related to a variable annuity product change.

Variable annuity operating earnings were $144 million in the quarter reflecting $25 million of lower benefits from policyholder behavior related to a product change in the year ago period and the market impact on DAC and DSIC. Account balances grew 3 percent to $78 billion driven by market appreciation, partially offset by net outflows. Variable annuity cash sales were $1.2 billion for the quarter.

Fixed annuity operating earnings decreased to $28 million primarily driven by the cumulative decline in account balances, partially offset by higher spreads due to lower crediting rates. Fixed annuity account balances decreased 10 percent given limited new sales from low rates and lapse rates consistent with the company’s expectations.

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Ameriprise Financial, Inc.

Protection Segment Operating Results

	Quarter Ended March 31,						% Better/
(in millions, unaudited)	2015			2014			(Worse)
Protection
Net revenues	$	590		$	555		6	%
Expenses	539			496			(9	)
Pretax operating earnings	$	51		$	59		(14	)
Items included in operating earnings:
Market impact on DAC (mean reversion)	$	1		$	—		NM
Long term care reserves	(32		)	—			NM
Auto and home reserves	—			(30		)	NM
Disability insurance discount rate change	7			—			NM
Total auto and home weather-related losses(1)	(12		)	(20		)	40	%
Total protection impact	$	(36	)	$	(50	)	28	%

	Quarter Ended March 31,				% Better/
	2015		2014		(Worse)
Life insurance in force (billions)	$	196	$	194	1	%
VUL/UL ending account balances (billions)	$	11.4	$	11.0	4	%
Auto & Home policies in force (thousands)	943		861		10	%

(1)Q1 2015 includes $4 million related to 2014 catastrophe losses

NM  Not Meaningful — variance of greater than 100%

Protection pretax operating earnings were $51 million compared to $59 million a year ago. Included in the current quarter’s results were a $32 million long term care reserve increase, a loss ratio assumption at Auto and Home that was consistent with the run rate for the fourth quarter of 2014, and a $7 million favorable impact from a change in the discount rate for disability insurance products.

Life and Health insurance earnings, excluding unusual items, were solid and included elevated claims experience that was within normal quarterly claims fluctuations. VUL/UL account balances grew 4 percent primarily from market appreciation. VUL/UL cash sales were $66 million, down 15 percent.

As anticipated, the company obtained additional information from its long term care reinsurance provider during the quarter regarding benefit utilization and claim terminations. The new information, along with a review of the discount rate, resulted in a revised management best estimate for long term care claims reserves. The impact was a $32 million increase in the claims reserves. The company has exercised its contractual right to engage an outside actuarial firm to conduct additional analysis of claims experience that is expected to be completed in the second quarter.

Auto and Home had a modest operating loss in the quarter compared to a significant loss a year ago. The improved results reflected lower weather-related losses and increased reserves a year ago, partially offset by higher 2015 accident year loss ratio assumptions consistent with the fourth quarter 2014 accident year level. The company continues to make improvements in underwriting, operational and claims processes, and pricing actions to improve performance. These actions are expected to have an incremental impact on financial results in 2015 and a more substantial financial benefit in 2016.

7

Ameriprise Financial, Inc.

Corporate & Other Segment Operating Results

	Quarter Ended March 31,						% Better/
(in millions, unaudited)	2015			2014			(Worse)
Corporate & Other
Net revenues	$	(6	)	$	6		NM
Expenses	56			61			8	%
Pretax operating loss	$	(62	)	$	(55	)	(13	)

NM  Not Meaningful — variance of greater than 100%

Corporate & Other pretax operating loss was $62 million for the quarter compared to a $55 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

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 more than 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 2015 operating effective tax rate to be in the 26 to 28 percent range;

·the statement in this news release concerning anticipated funding of mandates in the second quarter for Columbia Threadneedle Investments;

·the statements in this news release concerning anticipated completion of actuarial analysis on long term care claim experience in the second quarter;

·the statements in this news release concerning the expected impact, and time during which impacts might be realized, as a result of actions taken in the company’s Auto and Home business;

·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, exemptions and regulations implemented or that may be implemented in connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act or in light of the U.S. Department of Labor pending rule and exemptions pertaining to the fiduciary status of investment advice providers to 401(k) plan, plan sponsors, plan participants and the holders of individual retirement or health savings accounts;

·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;

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·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 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 interest rates assumed in our loss recognition testing of our Long Term Care business, 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, 2014 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, 2015. For information about Ameriprise Financial entities, please refer to the First Quarter 2015 Statistical Supplement available at ir.ameriprise.com and the tables that follow in this news release.

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Ameriprise Financial announces financial and other information to investors through the company’s investor relations website at ir.ameriprise.com, as well as SEC filings, press releases, public conference calls and webcasts. Investors and others interested in the company are encouraged to visit the investor relations website from time to time, as information is updated and new information is posted. The website also allows users to sign up for automatic notifications in the event new materials are posted. The information found on the website is not incorporated by reference into this release or in any other report or document the company furnishes or files with the SEC.

Ameriprise Financial, Inc.

Reconciliation Table: Earnings

	Quarter EndedMarch 31,						Per Diluted ShareQuarter EndedMarch 31,
(in millions, except per share amounts, unaudited)	2015			2014			2015			2014
Net income attributable to Ameriprise Financial	$	393		$	400		$	2.08		$	2.01
Less: Loss from discontinued operations, net of tax	—			(1		)	—			—
Net income from continuing operations attributable to Ameriprise Financial	393			401			2.08			2.01
Add: Market impact on variable annuity guaranteed benefits, net of tax(1)	22			10			0.12			0.05
Add: Market impact on indexed universal life benefits, net of tax(1)	4			(1		)	0.02			—
Add: Net realized (gains) losses, net of tax(1)	(7		)	(3		)	(0.04		)	(0.02		)
Operating earnings	$	412		$	407		$	2.18		$	2.04
Weighted average common shares outstanding:
Basic	186.3			195.5
Diluted	189.1			199.1

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

Ameriprise Financial, Inc.

Reconciliation Table: Total Net Revenues

	Quarter EndedMarch 31,
(in millions, unaudited)	2015			2014
Total net revenues	$	3,053		$	2,996
Less: CIEs revenue	149			177
Less: Net realized gains (losses)	10			5
Less: Market impact on indexed universal life benefits	(4		)	2
Operating total net revenues	$	2,898		$	2,812

11

Ameriprise Financial, Inc.

Reconciliation Table: Total Expenses

	Quarter EndedMarch 31,
(in millions, unaudited)	2015		2014
Total expenses	$	2,435	$	2,346
Less: CIEs expenses	63		62
Less: Market impact on variable annuity guaranteed benefits	34		15
Less: Market impact on indexed universal life benefits	2		1
Operating expenses	$	2,336	$	2,268

Ameriprise Financial, Inc.

Reconciliation Table: Pretax Operating Earnings

	Quarter EndedMarch 31,
(in millions, unaudited)	2015		2014
Operating total net revenues	$	2,898	$	2,812
Operating expenses	2,336		2,268
Pretax operating earnings	$	562	$	544

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

	Quarter EndedMarch 31,
(in millions, unaudited)	2015		2014
General and administrative expense	$	752	$	758
Less: CIEs expenses	10		12
Operating general and administrative expense	$	742	$	746

Ameriprise Financial, Inc.
Reconciliation Table: Effective Tax Rate

	Quarter Ended March 31, 2015
(in millions, unaudited)	GAAP			Operating
Income from continuing operations before income tax provision	$	618		$	562
Less: Pretax income attributable to noncontrolling interests	86			—
Income from continuing operations before income tax provision excluding consolidated investment entities	$	532		$	562
Income tax provision from continuing operations	$	139		$	150
Effective tax rate	22.5		%	26.7		%
Effective tax rate excluding noncontrolling interests	26.1		%	26.7		%

12

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: Asset Management Adjusted Net Pretax Operating Margin

	Quarter Ended March 31,
(in millions, unaudited)	2015			2014
Operating total net revenues	$	807		$	807
Less: Distribution pass through revenues	218			228
Less: Subadvisory and other pass through revenues	103			97
Adjusted operating revenues	$	486		$	482
Pretax operating earnings	$	191		$	183
Less: Operating net investment income	6			4
Add: Amortization of intangibles	8			9
Adjusted operating earnings	$	193		$	188
Adjusted net pretax operating margin	39.7		%	39.0		%

13

Ameriprise Financial, Inc.

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

	Twelve Months EndedMarch 31,
(in millions, unaudited)	2015			2014
Net income attributable to Ameriprise Financial	$	1,612		$	1,399
Less: Loss from discontinued operations, net of tax	(1		)	(3		)
Net income from continuing operations attributable to Ameriprise Financial, as reported	1,613			1,402
Less: Adjustments (1)	(54		)	(127		)
Operating earnings	$	1,667		$	1,529
Total Ameriprise Financial, Inc. shareholders’ equity	$	8,270		$	8,432
Less: Accumulated other comprehensive income, net of tax	755			731
Total Ameriprise Financial, Inc. shareholders’ equity excluding AOCI	7,515			7,701
Less: Equity impacts attributable to the consolidated investment entities	300			337
Operating equity	$	7,215		$	7,364
Return on equity excluding AOCI	21.5		%	18.2		%
Operating return on equity excluding AOCI (2)	23.1		%	20.8		%

(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)	2015		2014			(Worse)
Revenues
Management and financial advice fees	$	1,468	$	1,386		6	%
Distribution fees	466		476			(2	)
Net investment income	484		471			3
Premiums	353		330			7
Other revenues	289		340			(15	)
Total revenues	3,060		3,003			2
Banking and deposit interest expense	7		7			—
Total net revenues	3,053		2,996			2
Expenses
Distribution expenses	819		786			(4	)
Interest credited to fixed accounts	172		186			8
Benefits, claims, losses and settlement expenses	533		450			(18	)
Amortization of deferred acquisition costs	75		87			14
Interest and debt expense	84		79			(6	)
General and administrative expense	752		758			1
Total expenses	2,435		2,346			(4	)
Income from continuing operations before income tax provision	618		650			(5	)
Income tax provision	139		134			(4	)
Income from continuing operations	479		516			(7	)
Loss from discontinued operations, net of tax	—		(1		)	NM
Net income	479		515			(7	)
Less: Net income attributable to noncontrolling interests	86		115			(25	)
Net income attributable to Ameriprise Financial	$	393	$	400		(2	)

NM  Not Meaningful — variance of greater than 100%

15

EX-99.2

Exhibit 99.2

Statistical Supplement Package

(unaudited)

First Quarter 2015

1

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 2015

Consolidated Results

3

Ameriprise Financial, Inc.

Statistical Supplement Presentation

First Quarter 2015

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 2015

																						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 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	1,386		$	1,452		$	1,483		$	1,489		$	1,468		$	1,386		$	1,468		$	82		6	%	$	82		6	%	$	(21	)	(1	)%
Distribution fees	476			470			464			484			466			476			466			(10		)	(2	)%	(10		)	(2	)%	(18		)	(4	)%
Net investment income	471			433			428			409			484			471			484			13			3	%	13			3	%	75			18	%
Premiums	330			345			351			359			353			330			353			23			7	%	23			7	%	(6		)	(2	)%
Other revenues	340			379			392			355			289			340			289			(51		)	(15	)%	(51		)	(15	)%	(66		)	(19	)%
Total revenues	3,003			3,079			3,118			3,096			3,060			3,003			3,060			57			2	%	57			2	%	(36		)	(1	)%
Banking and deposit interest expense	7			7			7			7			7			7			7			—			—		—			—		—			—
Total net revenues	2,996			3,072			3,111			3,089			3,053			2,996			3,053			57			2	%	57			2	%	(36		)	(1	)%
Expenses
Distribution expenses	786			810			813			827			819			786			819			33			4	%	33			4	%	(8		)	(1	)%
Interest credited to fixed accounts	186			175			168			184			172			186			172			(14		)	(8	)%	(14		)	(8	)%	(12		)	(7	)%
Benefits, claims, losses and settlement expenses	450			506			458			568			533			450			533			83			18	%	83			18	%	(35		)	(6	)%
Amortization of deferred acquisition costs	87			78			116			86			75			87			75			(12		)	(14	)%	(12		)	(14	)%	(11		)	(13	)%
Interest and debt expense	79			79			79			91			84			79			84			5			6	%	5			6	%	(7		)	(8	)%
General and administrative expense	758			805			757			775			752			758			752			(6		)	(1	)%	(6		)	(1	)%	(23		)	(3	)%
Total expenses	2,346			2,453			2,391			2,531			2,435			2,346			2,435			89			4	%	89			4	%	(96		)	(4	)%
Income from continuing operations before income tax provision	650			619			720			558			618			650			618			(32		)	(5	)%	(32		)	(5	)%	60			11	%
Income tax provision	134			152			155			104			139			134			139			5			4	%	5			4	%	35			34	%
Income from continuing operations	516			467			565			454			479			516			479			(37		)	(7	)%	(37		)	(7	)%	25			6	%
Income (loss) from discontinued operations, net of tax	(1		)	—			—			(1		)	—			(1		)	—			1			#		1			#		1			#
Net income	515			467			565			453			479			515			479			(36		)	(7	)%	(36		)	(7	)%	26			6	%
Less: Net income (loss) attributable to noncontrolling interests	115			93			145			28			86			115			86			(29		)	(25	)%	(29		)	(25	)%	58			#
Net income attributable to Ameriprise Financial	$	400		$	374		$	420		$	425		$	393		$	400		$	393		$	(7	)	(2	)%	$	(7	)	(2	)%	$	(32	)	(8	)%
Net Investment Income
Investment income on fixed maturities	$	374		$	375		$	365		$	365		$	354		$	374		$	354		$	(20	)	(5	)%	$	(20	)	(5	)%	$	(11	)	(3	)%
Realized gains (losses)	5			1			4			27			10			5			10			5			#		5			#		(17		)	(63	)%
Affordable housing	(6		)	(6		)	(8		)	(5		)	(8		)	(6		)	(8		)	(2		)	(33	)%	(2		)	(33	)%	(3		)	(60	)%
Other (including seed money)	24			20			26			23			23			24			23			(1		)	(4	)%	(1		)	(4	)%	—			—
Consolidated investment entities	74			43			41			(1		)	105			74			105			31			42	%	31			42	%	106			#
Total net investment income	$	471		$	433		$	428		$	409		$	484		$	471		$	484		$	13		3	%	$	13		3	%	$	75		18	%
Earnings Per Share
Basic
Income from continuing operations	$	2.05		$	1.94		$	2.21		$	2.27		$	2.11		$	2.05		$	2.11		$	0.06		3	%	$	0.06		3	%	$	(0.16	)	(7	)%
Income (loss) from discontinued operations	—			—			—			(0.01		)	—			—			—			—			—		—			—		0.01			#
Net income	$	2.05		$	1.94		$	2.21		$	2.26		$	2.11		$	2.05		$	2.11		$	0.06		3	%	$	0.06		3	%	$	(0.15	)	(7	)%
Diluted
Income from continuing operations	$	2.01		$	1.91		$	2.17		$	2.23		$	2.08		$	2.01		$	2.08		$	0.07		3	%	$	0.07		3	%	$	(0.15	)	(7	)%
Income (loss) from discontinued operations	—			—			—			(0.01		)	—			—			—			—			—		—			—		0.01			#
Net income	$	2.01		$	1.91		$	2.17		$	2.22		$	2.08		$	2.01		$	2.08		$	0.07		3	%	$	0.07		3	%	$	(0.14	)	(6	)%
Earnings per diluted share growth (from continuing operations)	27.2		%	24.0		%	16.7		%	51.7		%	3.5		%	27.2		%	3.5		%	(23.7		)%			(23.7		)%			(48.2		)%
Weighted average common shares outstanding
Basic weighted average common shares outstanding	195.5			192.7			190.3			187.9			186.3			195.5			186.3			(9.2		)	(5	)%	(9.2		)	(5	)%	(1.6		)	(1	)%
Effect of potentially dilutive nonqualified stock options and other share-based awards	3.6			3.5			3.4			3.3			2.8			3.6			2.8			(0.8		)	(22	)%	(0.8		)	(22	)%	(0.5		)	(15	)%
Diluted weighted average common shares outstanding	199.1			196.2			193.7			191.2			189.1			199.1			189.1			(10.0		)	(5	)%	(10.0		)	(5	)%	(2.1		)	(1	)%
Metrics
Net revenue growth	11.3		%	11.7		%	10.6		%	4.9		%	1.9		%	11.3		%	1.9		%	(9.4		)%			(9.4		)%			(3.0		)%
Pretax income margin (1)	21.7		%	20.1		%	23.1		%	18.1		%	20.2		%	21.7		%	20.2		%	(1.5		)%			(1.5		)%			2.1		%
Effective tax rate	20.7		%	24.5		%	21.6		%	18.7		%	22.5		%	20.7		%	22.5		%	1.8		%			1.8		%			3.8		%
Effective tax rate excluding noncontrolling interests (2)	25.1		%	28.7		%	27.0		%	19.7		%	26.1		%	25.1		%	26.1		%	1.0		%			1.0		%			6.4		%
Ameriprise Financial shareholders’ equity / outstanding shares (3)	$	42.99		$	44.03		$	43.68		$	43.47		$	44.27		$	42.99		$	44.27		$	1.28		3	%	$	1.28		3	%	$	0.80		2	%
Ameriprise Financial shareholders’ equity excluding AOCI / outstanding shares (2)(4)	$	39.14		$	39.23		$	39.74		$	39.93		$	40.47		$	39.14		$	40.47		$	1.33		3	%	$	1.33		3	%	$	0.54		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%.

5

Ameriprise Financial, Inc.

Consolidated Operating Results and Highlights

First Quarter 2015

																						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 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Revenues
Total net revenues	$	2,996		$	3,072		$	3,111		$	3,089		$	3,053		$	2,996		$	3,053		$	57		2	%	$	57		2	%	$	(36	)	(1	)%
Less revenues attributable to the CIEs	177			160			206			108			149			177			149			(28		)	(16	)%	(28		)	(16	)%	41			38	%
Less realized gains (losses)	5			1			4			27			10			5			10			5			#		5			#		(17		)	(63	)%
Less market impact on indexed universal life benefits	2			(4		)	2			(11		)	(4		)	2			(4		)	(6		)	#		(6		)	#		7			64	%
Operating total net revenues (1)	$	2,812		$	2,915		$	2,899		$	2,965		$	2,898		$	2,812		$	2,898		$	86		3	%	$	86		3	%	$	(67	)	(2	)%
Earnings
Net income attributable to Ameriprise Financial	$	400		$	374		$	420		$	425		$	393		$	400		$	393		$	(7	)	(2	)%	$	(7	)	(2	)%	$	(32	)	(8	)%
Less income (loss) from discontinued operations, net of tax	(1		)	—			—			(1		)	—			(1		)	—			1			#		1			#		1			#
Net income from continuing operations attributable to Ameriprise Financial	401			374			420			426			393			401			393			(8		)	(2	)%	(8		)	(2	)%	(33		)	(8	)%
Market impact on variable annuity guaranteed benefits, net of tax (2)	10			35			(5		)	21			22			10			22			12			#		12			#		1			5	%
Market impact on indexed universal life benefits, net of tax (2)	(1		)	—			(5		)	10			4			(1		)	4			5			#		5			#		(6		)	(60	)%
Less realized gains (losses), net of tax (2)	3			1			3			17			7			3			7			4			#		4			#		(10		)	(59	)%
Operating earnings (1)	$	407		$	408		$	407		$	440		$	412		$	407		$	412		$	5		1	%	$	5		1	%	$	(28	)	(6	)%
Pretax Earnings
Income from continuing operations before income tax provision	$	650		$	619		$	720		$	558		$	618		$	650		$	618		$	(32	)	(5	)%	$	(32	)	(5	)%	$	60		11	%
Less net income (loss) attributable to noncontrolling interests	115			93			145			28			86			115			86			(29		)	(25	)%	(29		)	(25	)%	58			#
Pretax earnings excluding CIEs	535			526			575			530			532			535			532			(3		)	(1	)%	(3		)	(1	)%	2			—
Market impact on variable annuity guaranteed benefits	15			54			(9		)	34			34			15			34			19			#		19			#		—			—
Market impact on indexed universal life benefits	(1		)	—			(8		)	15			6			(1		)	6			7			#		7			#		(9		)	(60	)%
Less realized gains (losses)	5			1			4			27			10			5			10			5			#		5			#		(17		)	(63	)%
Pretax operating earnings (1)	$	544		$	579		$	554		$	552		$	562		$	544		$	562		$	18		3	%	$	18		3	%	$	10		2	%
Pretax Operating Margin (1)(3)	19.3		%	19.9		%	19.1		%	18.6		%	19.4		%	19.3		%	19.4		%	0.1		%			0.1		%			0.8		%
Operating Effective Tax Rate (1)(4)	25.2		%	29.5		%	26.5		%	20.3		%	26.7		%	25.2		%	26.7		%	1.5		%			1.5		%			6.4		%
Weighted Average Common Shares Outstanding
Basic	195.5			192.7			190.3			187.9			186.3			195.5			186.3			(9.2		)	(5	)%	(9.2		)	(5	)%	(1.6		)	(1	)%
Diluted	199.1			196.2			193.7			191.2			189.1			199.1			189.1			(10.0		)	(5	)%	(10.0		)	(5	)%	(2.1		)	(1	)%
Operating Earnings Per Share (1)
Basic operating earnings per share	$	2.08		$	2.12		$	2.14		$	2.34		$	2.21		$	2.08		$	2.21		$	0.13		6	%	$	0.13		6	%	$	(0.13	)	(6	)%
Operating earnings per diluted share	$	2.04		$	2.08		$	2.10		$	2.30		$	2.18		$	2.04		$	2.18		$	0.14		7	%	$	0.14		7	%	$	(0.12	)	(5	)%
Return on Equity
Return on equity excluding AOCI (1)(4)	18.2		%	19.1		%	19.7		%	21.5		%	21.5		%	18.2		%	21.5		%	3.3		%			3.3		%			—
Operating return on equity excluding AOCI (1)(4)	20.8		%	21.7		%	22.1		%	23.0		%	23.1		%	20.8		%	23.1		%	2.3		%			2.3		%			0.1		%

(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 2015

																						Prior Year Comparisons
(in millions except per share amounts, headcount and where noted, unaudited)																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Book Value
Ameriprise Financial shareholders’ equity excluding CIEs / outstanding shares (1)(2)	$	41.24		$	42.42		$	42.12		$	42.28		$	42.84		$	41.24		$	42.84		$	1.60		4	%	$	1.60		4	%	$	0.56		1	%
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI / outstanding shares (1)(3)	$	37.31		$	37.55		$	38.11		$	38.67		$	38.96		$	37.31		$	38.96		$	1.65		4	%	$	1.65		4	%	$	0.29		1	%
Operating Metrics
Operating total net revenue growth: Target 6 - 8%	7.8		%	6.5		%	7.6		%	5.3		%	3.1		%	7.8		%	3.1		%	(4.7		)%			(4.7		)%			(2.2		)%
Operating earnings per diluted share growth: Target 12 - 15%	28.3		%	23.1		%	9.9		%	23.0		%	6.9		%	28.3		%	6.9		%	(21.4		)%			(21.4		)%			(16.1		)%
Operating return on equity excluding AOCI: Target 19 - 23% (1)	20.8		%	21.7		%	22.1		%	23.0		%	23.1		%	20.8		%	23.1		%	2.3		%			2.3		%			0.1		%
Debt to Capital
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	24.6		%	23.0		%	27.0		%	27.4		%	27.2		%	24.6		%	27.2		%	2.6		%			2.6		%			(0.2		)%
Goodwill and Intangible Assets	$	2,054		$	2,055		$	2,036		$	2,010		$	1,982		$	2,054		$	1,982		$	(72	)	(4	)%	$	(72	)	(4	)%	$	(28	)	(1	)%
Assets Under Management and Administration
Advice & Wealth Management AUM	$	158,839		$	167,277		$	168,724		$	174,088		$	179,361		$	158,839		$	179,361		$	20,522		13	%	$	20,522		13	%	$	5,273		3	%
Asset Management AUM	503,896			518,260			504,793			505,588			506,310			503,896			506,310			2,414			—		2,414			—		722			—
Corporate AUM	869			887			861			826			756			869			756			(113		)	(13	)%	(113		)	(13	)%	(70		)	(8	)%
Eliminations	(20,548		)	(21,266		)	(21,699		)	(21,885		)	(22,489		)	(20,548		)	(22,489		)	(1,941		)	(9	)%	(1,941		)	(9	)%	(604		)	(3	)%
Total Assets Under Management	643,056			665,158			652,679			658,617			663,938			643,056			663,938			20,882			3	%	20,882			3	%	5,321			1	%
Total Assets Under Administration	139,751			144,748			144,075			147,560			150,836			139,751			150,836			11,085			8	%	11,085			8	%	3,276			2	%
Total AUM and AUA	$	782,807		$	809,906		$	796,754		$	806,177		$	814,774		$	782,807		$	814,774		$	31,967		4	%	$	31,967		4	%	$	8,597		1	%
Business Metrics
Total Ameriprise client assets	$	418,384		$	434,659		$	433,804		$	444,391		$	452,969		$	418,384		$	452,969		$	34,585		8	%	$	34,585		8	%	$	8,578		2	%
Total branded financial advisors	9,704			9,692			9,696			9,672			9,691			9,704			9,691			(13		)	—		(13		)	—		19			—
Net Flows and Net Deposits
Branded advisor wrap (4)	$	4,205		$	3,019		$	3,834		$	3,130		$	2,802		$	4,205		$	2,802		$	(1,403	)	(33	)%	$	(1,403	)	(33	)%	$	(328	)	(10	)%
Asset Management	(3,897		)	4,424			(4,117		)	5,682			(5,821		)	(3,897		)	(5,821		)	(1,924		)	(49	)%	(1,924		)	(49	)%	(11,503		)	#
Annuities	(815		)	(916		)	(740		)	(721		)	(950		)	(815		)	(950		)	(135		)	(17	)%	(135		)	(17	)%	(229		)	(32	)%
Variable universal life / Universal life	(38		)	(31		)	(39		)	(30		)	(48		)	(38		)	(48		)	(10		)	(26	)%	(10		)	(26	)%	(18		)	(60	)%
S&P 500
Daily average	1,835			1,899			1,977			2,012			2,064			1,835			2,064			229			12	%	229			12	%	52			3	%
Period end	1,872			1,960			1,972			2,059			2,068			1,872			2,068			196			10	%	196			10	%	9			—

(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.

(4)Beginning April 1, 2014, net flows reflect all additions and withdrawals to and from the Ameriprise Strategic Portfolio Service (“SPS”) wrap account program.  For all periods presented prior to April 1, 2014, additions and withdrawals to and from certain non-billable investments of this program were reflected in the Market appreciation (depreciation) and other line and purchases and sales of billable investments were reported in the Net flows line.  Net flows for the SPS program are now reported on a consistent basis with our other wrap account programs.  See page 13 for wrap asset rollforward details.

# Variance of greater than 100%.

7

Ameriprise Financial, Inc.

Common Share and Capital Summary

First Quarter 2015

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Common shares
Beginning balance	192.1			190.6			187.7			185.4			183.1			192.1			183.1			(9.0		)	(5	)%	(9.0		)	(5	)%	(2.3		)	(1	)%
Repurchases	(3.2		)	(3.2		)	(2.7		)	(2.7		)	(2.6		)	(3.2		)	(2.6		)	0.6			19	%	0.6			19	%	0.1			4	%
Issuances	3.1			0.9			0.8			0.9			2.0			3.1			2.0			(1.1		)	(35	)%	(1.1		)	(35	)%	1.1			#
Other	(1.4		)	(0.6		)	(0.4		)	(0.5		)	(0.7		)	(1.4		)	(0.7		)	0.7			50	%	0.7			50	%	(0.2		)	(40	)%
Total common shares outstanding	190.6			187.7			185.4			183.1			181.8			190.6			181.8			(8.8		)	(5	)%	(8.8		)	(5	)%	(1.3		)	(1	)%
Restricted stock units	3.5			3.7			3.7			3.8			3.3			3.5			3.3			(0.2		)	(6	)%	(0.2		)	(6	)%	(0.5		)	(13	)%
Total basic common shares outstanding	194.1			191.4			189.1			186.9			185.1			194.1			185.1			(9.0		)	(5	)%	(9.0		)	(5	)%	(1.8		)	(1	)%
Total potentially dilutive shares	3.5			3.3			3.4			3.2			2.7			3.5			2.7			(0.8		)	(23	)%	(0.8		)	(23	)%	(0.5		)	(16	)%
Total diluted shares	197.6			194.7			192.5			190.1			187.8			197.6			187.8			(9.8		)	(5	)%	(9.8		)	(5	)%	(2.3		)	(1	)%
Capital Returned to Shareholders
Dividends paid	$	103		$	112		$	111		$	109		$	110		$	103		$	110		$	7		7	%	$	7		7	%	$	1		1	%
Common stock share repurchases	$	354		$	352		$	331		$	335		$	349		$	354		$	349		$	(5	)	(1	)%	$	(5	)	(1	)%	$	14		4	%
Allocated Capital (1)
Advice & Wealth Management	$	466		$	508		$	510		$	510		$	516		$	466		$	516		$	50		11	%	$	50		11	%	$	6		1	%
Asset Management	1,860			1,860			1,905			1,884			1,872			1,860			1,872			12			1	%	12			1	%	(12		)	(1	)%
Annuities	2,800			2,552			1,938			1,982			1,987			2,800			1,987			(813		)	(29	)%	(813		)	(29	)%	5			—
Protection	1,839			1,879			1,897			1,962			1,975			1,839			1,975			136			7	%	136			7	%	13			1	%
Corporate & Other	2,921			2,833			3,950			3,884			3,856			2,921			3,856			935			32	%	935			32	%	(28		)	(1	)%
Total allocated capital	$	9,886		$	9,632		$	10,200		$	10,222		$	10,206		$	9,886		$	10,206		$	320		3	%	$	320		3	%	$	(16	)	—

(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 2015

Segment Results

9

Ameriprise Financial, Inc.

Segment Summary

First Quarter 2015

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Segment Summary
Advice & Wealth Management
Operating total net revenues	$	1,149		$	1,198		$	1,210		$	1,249		$	1,228		$	1,149		$	1,228		$	79		7	%	$	79		7	%	$	(21	)	(2	)%
Operating expenses	968			1,004			1,005			1,037			1,018			968			1,018			50			5	%	50			5	%	(19		)	(2	)%
Pretax operating earnings	$	181		$	194		$	205		$	212		$	210		$	181		$	210		$	29		16	%	$	29		16	%	$	(2	)	(1	)%
Allocated capital	$	466		$	508		$	510		$	510		$	516		$	466		$	516		$	50		11	%	$	50		11	%	$	6		1	%
Operating return on allocated capital (1)	102.4		%	106.0		%	112.3		%	120.5		%	121.6		%	102.4		%	121.6		%	19.2		%			19.2		%			1.1		%
Pretax operating margin	15.8		%	16.2		%	16.9		%	17.0		%	17.1		%	15.8		%	17.1		%	1.3		%			1.3		%			0.1		%
Asset Management
Operating total net revenues	$	807		$	844		$	839		$	830		$	807		$	807		$	807		$	—		—		$	—		—		$	(23	)	(3	)%
Operating expenses	624			645			631			632			616			624			616			(8		)	(1	)%	(8		)	(1	)%	(16		)	(3	)%
Pretax operating earnings	$	183		$	199		$	208		$	198		$	191		$	183		$	191		$	8		4	%	$	8		4	%	$	(7	)	(4	)%
Allocated capital	$	1,860		$	1,860		$	1,905		$	1,884		$	1,872		$	1,860		$	1,872		$	12		1	%	$	12		1	%	$	(12	)	(1	)%
Operating return on allocated capital (1)	28.3		%	28.5		%	30.1		%	31.3		%	31.5		%	28.3		%	31.5		%	3.2		%			3.2		%			0.2		%
Pretax operating margin	22.7		%	23.6		%	24.8		%	23.9		%	23.7		%	22.7		%	23.7		%	1.0		%			1.0		%			(0.2		)%
Operating total net revenues	$	807		$	844		$	839		$	830		$	807		$	807		$	807		$	—		—		$	—		—		$	(23	)	(3	)%
Distribution pass thru revenues	(228		)	(237		)	(233		)	(231		)	(218		)	(228		)	(218		)	10			4	%	10			4	%	13			6	%
Subadvisory and other pass thru revenues	(97		)	(106		)	(98		)	(99		)	(103		)	(97		)	(103		)	(6		)	(6	)%	(6		)	(6	)%	(4		)	(4	)%
Adjusted operating revenues (2)	$	482		$	501		$	508		$	500		$	486		$	482		$	486		$	4		1	%	$	4		1	%	$	(14	)	(3	)%
Pretax operating earnings	$	183		$	199		$	208		$	198		$	191		$	183		$	191		$	8		4	%	$	8		4	%	$	(7	)	(4	)%
Operating net investment income	(4		)	(13		)	(7		)	(6		)	(6		)	(4		)	(6		)	(2		)	(50	)%	(2		)	(50	)%	—			—
Amortization of intangibles	9			8			9			8			8			9			8			(1		)	(11	)%	(1		)	(11	)%	—			—
Adjusted operating earnings (2)	$	188		$	194		$	210		$	200		$	193		$	188		$	193		$	5		3	%	$	5		3	%	$	(7	)	(4	)%
Adjusted net pretax operating margin (2)(3)	39.0		%	38.7		%	41.3		%	40.0		%	39.7		%	39.0		%	39.7		%	0.7		%			0.7		%			(0.3		)%
Annuities
Operating total net revenues	$	636		$	651		$	655		$	649		$	631		$	636		$	631		$	(5	)	(1	)%	$	(5	)	(1	)%	$	(18	)	(3	)%
Operating expenses	460			481			527			490			459			460			459			(1		)	—		(1		)	—		(31		)	(6	)%
Pretax operating earnings	$	176		$	170		$	128		$	159		$	172		$	176		$	172		$	(4	)	(2	)%	$	(4	)	(2	)%	$	13		8	%
Allocated capital	$	2,800		$	2,552		$	1,938		$	1,982		$	1,987		$	2,800		$	1,987		$	(813	)	(29	)%	$	(813	)	(29	)%	$	5		—
Operating return on allocated capital (1)	18.4		%	19.6		%	18.3		%	19.3		%	20.7		%	18.4		%	20.7		%	2.3		%			2.3		%			1.4		%
Pretax operating margin	27.7		%	26.1		%	19.5		%	24.5		%	27.3		%	27.7		%	27.3		%	(0.4		)%			(0.4		)%			2.8		%
Protection
Operating total net revenues	$	555		$	579		$	553		$	600		$	590		$	555		$	590		$	35		6	%	$	35		6	%	$	(10	)	(2	)%
Operating expenses	496			488			487			570			539			496			539			43			9	%	43			9	%	(31		)	(5	)%
Pretax operating earnings	$	59		$	91		$	66		$	30		$	51		$	59		$	51		$	(8	)	(14	)%	$	(8	)	(14	)%	$	21		70	%
Allocated capital	$	1,839		$	1,879		$	1,897		$	1,962		$	1,975		$	1,839		$	1,975		$	136		7	%	$	136		7	%	$	13		1	%
Operating return on allocated capital (1)	11.7		%	11.5		%	11.4		%	9.6		%	9.1		%	11.7		%	9.1		%	(2.6		)%			(2.6		)%			(0.5		)%
Pretax operating margin	10.6		%	15.7		%	11.9		%	5.0		%	8.6		%	10.6		%	8.6		%	(2.0		)%			(2.0		)%			3.6		%
Corporate & Other
Operating total net revenues	$	6		$	(2	)	$	(1	)	$	1		$	(6	)	$	6		$	(6	)	$	(12	)	#		$	(12	)	#		$	(7	)	#
Operating expenses	61			73			52			48			56			61			56			(5		)	(8	)%	(5		)	(8	)%	8			17	%
Pretax operating loss	$	(55	)	$	(75	)	$	(53	)	$	(47	)	$	(62	)	$	(55	)	$	(62	)	$	(7	)	(13	)%	$	(7	)	(13	)%	$	(15	)	(32	)%

(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.

# Variance of greater than 100%.

10

Statistical Supplement Package

(unaudited)

First Quarter 2015

Advice & Wealth Management Segment

11

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

First Quarter 2015

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	555		$	604		$	621		$	633		$	637		$	555		$	637		$	82		15	%	$	82		15	%	$	4		1	%
Distribution fees	547			551			544			571			543			547			543			(4		)	(1	)%	(4		)	(1	)%	(28		)	(5	)%
Net investment income	34			34			33			35			35			34			35			1			3	%	1			3	%	—			—
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	20			16			19			17			20			20			20			—			—		—			—		3			18	%
Total revenues	1,156			1,205			1,217			1,256			1,235			1,156			1,235			79			7	%	79			7	%	(21		)	(2	)%
Banking and deposit interest expense	7			7			7			7			7			7			7			—			—		—			—		—			—
Operating total net revenues	1,149			1,198			1,210			1,249			1,228			1,149			1,228			79			7	%	79			7	%	(21		)	(2	)%
Expenses
Distribution expenses	707			734			742			760			757			707			757			50			7	%	50			7	%	(3		)	—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	2			2			1			1			2			2			2			—			—		—			—		1			#
General and administrative expense	259			268			262			276			259			259			259			—			—		—			—		(17		)	(6	)%
Operating expenses	968			1,004			1,005			1,037			1,018			968			1,018			50			5	%	50			5	%	(19		)	(2	)%
Pretax operating earnings	$	181		$	194		$	205		$	212		$	210		$	181		$	210		$	29		16	%	$	29		16	%	$	(2	)	(1	)%
Pretax operating margin	15.8		%	16.2		%	16.9		%	17.0		%	17.1		%	15.8		%	17.1		%	1.3		%			1.3		%			0.1		%
Return on Capital
Allocated capital	$	466		$	508		$	510		$	510		$	516		$	466		$	516		$	50		11	%	$	50		11	%	$	6		1	%
Operating return on allocated capital (1)	102.4		%	106.0		%	112.3		%	120.5		%	121.6		%	102.4		%	121.6		%	19.2		%			19.2		%			1.1		%
On-balance sheet deposits	$	7,222		$	7,295		$	7,522		$	7,674		$	7,885		$	7,222		$	7,885		$	663		9	%	$	663		9	%	$	211		3	%

(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 2015

																						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 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Product Information
Certificates and Banking - Combined
Pretax operating earnings	$	12		$	9		$	9		$	10		$	10		$	12		$	10		$	(2	)	(17	)%	$	(2	)	(17	)%	$	—		—
Allocated capital	$	229		$	235		$	237		$	236		$	241		$	229		$	241		$	12		5	%	$	12		5	%	$	5		2	%
Operating return on allocated capital (1)	12.7		%	12.6		%	12.5		%	12.9		%	12.0		%	12.7		%	12.0		%	(0.7		)%			(0.7		)%			(0.9		)%
Wealth Management & Distribution
Pretax operating earnings	$	169		$	185		$	196		$	202		$	200		$	169		$	200		$	31		18	%	$	31		18	%	$	(2	)	(1	)%
Allocated capital	$	237		$	273		$	273		$	274		$	275		$	237		$	275		$	38		16	%	$	38		16	%	$	1		—
Operating return on allocated capital (1)	184.8		%	191.3		%	203.0		%	217.1		%	218.5		%	184.8		%	218.5		%	33.7		%			33.7		%			1.4		%
Financial Plans
Branded financial plan net cash sales	$	60		$	61		$	60		$	70		$	62		$	60		$	62		$	2		3	%	$	2		3	%	$	(8	)	(11	)%
Financial Advisors
Employee advisors	2,155			2,115			2,100			2,083			2,084			2,155			2,084			(71		)	(3	)%	(71		)	(3	)%	1			—
Franchisee advisors	7,549			7,577			7,596			7,589			7,607			7,549			7,607			58			1	%	58			1	%	18			—
Total branded financial advisors	9,704			9,692			9,696			9,672			9,691			9,704			9,691			(13		)	—		(13		)	—		19			—
Operating total net revenues per financial advisor (in thousands) (2)	$	118		$	124		$	125		$	129		$	127		$	118		$	127		$	9		8	%	$	9		8	%	$	(2	)	(2	)%
Operating total net revenues per financial advisor-trailing twelve months (in thousands) (3)	$	454		$	468		$	483		$	496		$	505		$	454		$	505		$	51		11	%	$	51		11	%	$	9		2	%
Advisor Retention
Employee	91.5		%	91.1		%	91.9		%	91.2		%	91.0		%	91.5		%	91.0		%	(0.5		)%			(0.5		)%			(0.2		)%
Franchisee	94.7		%	94.7		%	94.6		%	94.5		%	94.3		%	94.7		%	94.3		%	(0.4		)%			(0.4		)%			(0.2		)%
Total Client Assets (at period end)	$	418,384		$	434,659		$	433,804		$	444,391		$	452,969		$	418,384		$	452,969		$	34,585		8	%	$	34,585		8	%	$	8,578		2	%
Total Wrap Accounts
Beginning assets	$	153,512		$	159,358		$	167,805		$	169,227		$	174,670		$	153,512		$	174,670		$	21,158		14	%	$	21,158		14	%	$	5,443		3	%
Net flows (4)	4,205			3,019			3,834			3,130			2,802			4,205			2,802			(1,403		)	(33	)%	(1,403		)	(33	)%	(328		)	(10	)%
Market appreciation (depreciation) and other (4)	1,641			5,428			(2,412		)	2,313			2,572			1,641			2,572			931			57	%	931			57	%	259			11	%
Total wrap ending assets	$	159,358		$	167,805		$	169,227		$	174,670		$	180,044		$	159,358		$	180,044		$	20,686		13	%	$	20,686		13	%	$	5,374		3	%
Advisory wrap account assets ending balance (5)	$	158,354		$	166,759		$	168,157		$	173,489		$	178,749		$	158,354		$	178,749		20,395			13	%	20,395			13	%	5,260			3	%

(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.

(4)Beginning April 1, 2014, net flows reflect all additions and withdrawals to and from the Ameriprise Strategic Portfolio Service (“SPS”) wrap account program.  For all periods presented prior to April 1, 2014, additions and withdrawals to and from certain non-billable investments of this program were reflected in the Market appreciation (depreciation) and other line and purchases and sales of billable investments were reported in the Net flows line.  Net flows for the SPS program are now reported on a consistent basis with our other wrap account programs.

(5)Advisory wrap account assets represent those assets for which clients receive advisory services and are the primary driver of revenue earned on wrap accounts.  Clients may hold non-advisory investments in their wrap accounts that do not incur an advisory fee.

13

Statistical Supplement Package

(unaudited)

First Quarter 2015

Asset Management Segment

14

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2015

Prior Year Comparisons

Year-to-Date

Qtr Chg - 1Q

YTD Chg - 1Q

Seq Qtr Chg - 1Q

(in millions unless otherwise noted, unaudited)

1 Qtr 2014

2 Qtr 2014

3 Qtr 2014

4 Qtr 2014

1 Qtr 2015

2014

2015

Diff.

%

Diff.

%

Diff.

%

Operating Income Statements

Revenues

Management and financial advice fees	$	680		$	707		$	706		$	698		$	674		$	680		$	674		$	(6	)	(1	)%	$	(6	)	(1	)%	$	(24	)	(3	)%
Distribution fees	121			123			124			125			125			121			125			4			3	%	4			3	%	—			—
Net investment income	4			13			7			6			6			4			6			2			50	%	2			50	%	—			—
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	2			1			2			1			2			2			2			—			—		—			—		1			#
Total revenues	807			844			839			830			807			807			807			—			—		—			—		(23		)	(3	)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	807			844			839			830			807			807			807			—			—		—			—		(23		)	(3	)%
Expenses
Distribution expenses	284			291			288			285			278			284			278			(6		)	(2	)%	(6		)	(2	)%	(7		)	(2	)%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	4			4			4			3			3			4			3			(1		)	(25	)%	(1		)	(25	)%	—			—
Interest and debt expense	6			7			6			7			6			6			6			—			—		—			—		(1		)	(14	)%
General and administrative expense	330			343			333			337			329			330			329			(1		)	—		(1		)	—		(8		)	(2	)%
Operating expenses	624			645			631			632			616			624			616			(8		)	(1	)%	(8		)	(1	)%	(16		)	(3	)%
Pretax operating earnings	$	183		$	199		$	208		$	198		$	191		$	183		$	191		$	8		4	%	$	8		4	%	$	(7	)	(4	)%
Pretax operating margin	22.7		%	23.6		%	24.8		%	23.9		%	23.7		%	22.7		%	23.7		%	1.0		%			1.0		%			(0.2		)%
Operating total net revenues	$	807		$	844		$	839		$	830		$	807		$	807		$	807		$	—		—		$	—		—		$	(23	)	(3	)%
Distribution pass thru revenues	(228		)	(237		)	(233		)	(231		)	(218		)	(228		)	(218		)	10			4	%	10			4	%	13			6	%
Subadvisory and other pass thru revenues	(97		)	(106		)	(98		)	(99		)	(103		)	(97		)	(103		)	(6		)	(6	)%	(6		)	(6	)%	(4		)	(4	)%
Adjusted operating revenues (1)	$	482		$	501		$	508		$	500		$	486		$	482		$	486		$	4		1	%	$	4		1	%	$	(14	)	(3	)%
Pretax operating earnings	$	183		$	199		$	208		$	198		$	191		$	183		$	191		$	8		4	%	$	8		4	%	$	(7	)	(4	)%
Operating net investment income	(4		)	(13		)	(7		)	(6		)	(6		)	(4		)	(6		)	(2		)	(50	)%	(2		)	(50	)%	—			—
Amortization of intangibles	9			8			9			8			8			9			8			(1		)	(11	)%	(1		)	(11	)%	—			—
Adjusted operating earnings (1)	$	188		$	194		$	210		$	200		$	193		$	188		$	193		$	5		3	%	$	5		3	%	$	(7	)	(4	)%
Adjusted net pretax operating margin (1)(2)	39.0		%	38.7		%	41.3		%	40.0		%	39.7		%	39.0		%	39.7		%	0.7		%			0.7		%			(0.3		)%
Return on Capital
Allocated capital	$	1,860		$	1,860		$	1,905		$	1,884		$	1,872		$	1,860		$	1,872		$	12		1	%	$	12		1	%	$	(12	)	(1	)%
Operating return on allocated capital (3)	28.3		%	28.5		%	30.1		%	31.3		%	31.5		%	28.3		%	31.5		%	3.2		%			3.2		%			0.2		%

(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 2015

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Total Managed Asset Net Flows
Columbia managed asset net flows	$	(2,675	)	$	188		$	(2,317	)	$	7,136		$	(3,199	)	$	(2,675	)	$	(3,199	)	$	(524	)	(20	)%	$	(524	)	(20	)%	$	(10,335	)	#
Threadneedle managed asset net flows	(1,277		)	4,284			(1,889		)	(1,073		)	(1,116		)	(1,277		)	(1,116		)	161			13	%	161			13	%	(43		)	(4	)%
Sub-advised eliminations	55			(48		)	89			(381		)	(1,506		)	55			(1,506		)	(1,561		)	#		(1,561		)	#		(1,125		)	#
Total managed asset net flows	$	(3,897	)	$	4,424		$	(4,117	)	$	5,682		$	(5,821	)	$	(3,897	)	$	(5,821	)	$	(1,924	)	(49	)%	$	(1,924	)	(49	)%	$	(11,503	)	#
Total Managed Assets Reconciliations
Columbia managed assets	$	357,906		$	363,506		$	357,583		$	361,190		$	364,186		$	357,906		$	364,186		$	6,280		2	%	$	6,280		2	%	$	2,996		1	%
Threadneedle managed assets	149,260			158,149			150,375			147,883			147,235			149,260			147,235			(2,025		)	(1	)%	(2,025		)	(1	)%	(648		)	—
Sub-advised eliminations	(3,270		)	(3,395		)	(3,165		)	(3,485		)	(5,111		)	(3,270		)	(5,111		)	(1,841		)	(56	)%	(1,841		)	(56	)%	(1,626		)	(47	)%
Total managed assets	$	503,896		$	518,260		$	504,793		$	505,588		$	506,310		$	503,896		$	506,310		$	2,414		—		$	2,414		—		$	722		—
Total Managed Assets by Type
Equity	$	278,065		$	289,370		$	277,341		$	278,052		$	279,395		$	278,065		$	279,395		$	1,330		—		$	1,330		—		$	1,343		—
Fixed income	195,053			196,379			194,613			193,355			192,009			195,053			192,009			(3,044		)	(2	)%	(3,044		)	(2	)%	(1,346		)	(1	)%
Money market	6,527			6,321			6,561			6,660			6,918			6,527			6,918			391			6	%	391			6	%	258			4	%
Alternative	6,790			7,164			6,982			7,453			7,372			6,790			7,372			582			9	%	582			9	%	(81		)	(1	)%
Hybrid and other	17,461			19,026			19,296			20,068			20,616			17,461			20,616			3,155			18	%	3,155			18	%	548			3	%
Total managed assets by type	$	503,896		$	518,260		$	504,793		$	505,588		$	506,310		$	503,896		$	506,310		$	2,414		—		$	2,414		—		$	722		—
Average Managed Assets by Type (1)
Equity	$	274,903		$	280,394		$	284,091		$	279,786		$	279,148		$	274,903		$	279,148		$	4,245		2	%	$	4,245		2	%	$	(638	)	—
Fixed income	196,320			196,187			196,100			194,701			193,845			196,320			193,845			(2,475		)	(1	)%	(2,475		)	(1	)%	(856		)	—
Money market	6,716			6,582			6,512			6,538			6,457			6,716			6,457			(259		)	(4	)%	(259		)	(4	)%	(81		)	(1	)%
Alternative	6,708			6,869			7,083			7,383			7,411			6,708			7,411			703			10	%	703			10	%	28			—
Hybrid and other	16,604			18,074			19,178			19,638			20,341			16,604			20,341			3,737			23	%	3,737			23	%	703			4	%
Total average managed assets by type	$	501,251		$	508,106		$	512,964		$	508,046		$	507,202		$	501,251		$	507,202		$	5,951		1	%	$	5,951		1	%	$	(844	)	—

(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 2015

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Columbia Managed Assets Rollforward
Retail Funds
Beginning assets	$	239,393		$	239,451		$	243,796		$	237,034		$	237,652		$	239,393		$	237,652		$	(1,741	)	(1	)%	$	(1,741	)	(1	)%	$	618		—
Mutual fund inflows	9,609			7,653			9,147			9,545			9,227			9,609			9,227			(382		)	(4	)%	(382		)	(4	)%	(318		)	(3	)%
Mutual fund outflows	(12,420		)	(10,154		)	(12,002		)	(12,779		)	(12,292		)	(12,420		)	(12,292		)	128			1	%	128			1	%	487			4	%
Net VP/VIT fund flows	(178		)	(255		)	(236		)	(255		)	(265		)	(178		)	(265		)	(87		)	(49	)%	(87		)	(49	)%	(10		)	(4	)%
Net new flows	(2,989		)	(2,756		)	(3,091		)	(3,489		)	(3,330		)	(2,989		)	(3,330		)	(341		)	(11	)%	(341		)	(11	)%	159			5	%
Reinvested dividends	398			3,452			574			8,995			469			398			469			71			18	%	71			18	%	(8,526		)	(95	)%
Net flows	(2,591		)	696			(2,517		)	5,506			(2,861		)	(2,591		)	(2,861		)	(270		)	(10	)%	(270		)	(10	)%	(8,367		)	#
Distributions	(528		)	(4,052		)	(709		)	(10,652		)	(595		)	(528		)	(595		)	(67		)	(13	)%	(67		)	(13	)%	10,057			94	%
Market appreciation (depreciation) and other	3,177			7,701			(3,536		)	5,764			5,305			3,177			5,305			2,128			67	%	2,128			67	%	(459		)	(8	)%
Total ending assets	239,451			243,796			237,034			237,652			239,501			239,451			239,501			50			—		50			—		1,849			1	%
% of total retail assets sub-advised	20.5		%	20.2		%	20.2		%	20.2		%	21.6		%	20.5		%	21.6		%	1.1		%			1.1		%			1.4		%
Institutional
Beginning assets	75,648			76,463			77,627			78,019			80,709			75,648			80,709			5,061			7	%	5,061			7	%	2,690			3	%
Inflows	4,547			4,601			5,512			5,806			4,946			4,547			4,946			399			9	%	399			9	%	(860		)	(15	)%
Outflows	(4,945		)	(5,380		)	(5,191		)	(4,702		)	(5,301		)	(4,945		)	(5,301		)	(356		)	(7	)%	(356		)	(7	)%	(599		)	(13	)%
Net flows	(398		)	(779		)	321			1,104			(355		)	(398		)	(355		)	43			11	%	43			11	%	(1,459		)	#
Market appreciation (depreciation) and other (1)	1,213			1,943			71			1,586			1,398			1,213			1,398			185			15	%	185			15	%	(188		)	(12	)%
Total ending assets	76,463			77,627			78,019			80,709			81,752			76,463			81,752			5,289			7	%	5,289			7	%	1,043			1	%
Alternative
Beginning assets	5,643			6,029			6,390			6,230			6,745			5,643			6,745			1,102			20	%	1,102			20	%	515			8	%
Inflows	454			603			4			625			151			454			151			(303		)	(67	)%	(303		)	(67	)%	(474		)	(76	)%
Outflows	(140		)	(332		)	(125		)	(99		)	(134		)	(140		)	(134		)	6			4	%	6			4	%	(35		)	(35	)%
Net flows	314			271			(121		)	526			17			314			17			(297		)	(95	)%	(297		)	(95	)%	(509		)	(97	)%
Market appreciation (depreciation) and other	72			90			(39		)	(11		)	(57		)	72			(57		)	(129		)	#		(129		)	#		(46		)	#
Total ending assets	6,029			6,390			6,230			6,745			6,705			6,029			6,705			676			11	%	676			11	%	(40		)	(1	)%
Affiliated General Account Assets	35,963			35,693			36,300			36,084			36,228			35,963			36,228			265			1	%	265			1	%	144			—
Total Columbia managed assets	$	357,906		$	363,506		$	357,583		$	361,190		$	364,186		$	357,906		$	364,186		$	6,280		2	%	$	6,280		2	%	$	2,996		1	%
Total Columbia net flows	$	(2,675	)	$	188		$	(2,317	)	$	7,136		$	(3,199	)	$	(2,675	)	$	(3,199	)	$	(524	)	(20	)%	$	(524	)	(20	)%	$	(10,335	)	#

(1)Included in Market appreciation (depreciation) and other for Institutional funds in the 4th quarter of 2014 are ($0.3B) due to the transfer of assets from Separately Managed Accounts (SMAs) to Unified Managed Accounts (UMAs).

# Variance of greater than 100%.

17

Ameriprise Financial, Inc.

Asset Management Segment - Threadneedle

First Quarter 2015

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Threadneedle Managed Assets Rollforward
Retail Funds
Beginning assets	$	50,620		$	50,693		$	52,082		$	48,235		$	46,523		$	50,620		$	46,523		$	(4,097	)	(8	)%	$	(4,097	)	(8	)%	$	(1,712	)	(4	)%
Mutual fund inflows	6,857			5,896			4,832			5,799			5,555			6,857			5,555			(1,302		)	(19	)%	(1,302		)	(19	)%	(244		)	(4	)%
Mutual fund outflows	(7,774		)	(5,951		)	(5,915		)	(6,322		)	(5,080		)	(7,774		)	(5,080		)	2,694			35	%	2,694			35	%	1,242			20	%
Net new flows	(917		)	(55		)	(1,083		)	(523		)	475			(917		)	475			1,392			#		1,392			#		998			#
Reinvested dividends	23			41			40			71			33			23			33			10			43	%	10			43	%	(38		)	(54	)%
Net flows	(894		)	(14		)	(1,043		)	(452		)	508			(894		)	508			1,402			#		1,402			#		960			#
Distributions	(118		)	(187		)	(147		)	(237		)	(135		)	(118		)	(135		)	(17		)	(14	)%	(17		)	(14	)%	102			43	%
Market appreciation (depreciation)	455			(52		)	(420		)	807			2,381			455			2,381			1,926			#		1,926			#		1,574			#
Foreign currency translation (1)	410			1,228			(2,408		)	(2,053		)	(2,345		)	410			(2,345		)	(2,755		)	#		(2,755		)	#		(292		)	(14	)%
Other	220			414			171			223			192			220			192			(28		)	(13	)%	(28		)	(13	)%	(31		)	(14	)%
Total ending assets	50,693			52,082			48,235			46,523			47,124			50,693			47,124			(3,569		)	(7	)%	(3,569		)	(7	)%	601			1	%
Institutional
Beginning assets	96,065			97,806			105,293			101,388			100,652			96,065			100,652			4,587			5	%	4,587			5	%	(736		)	(1	)%
Inflows	1,923			7,746			1,834			1,778			1,919			1,923			1,919			(4		)	—		(4		)	—		141			8	%
Outflows	(2,271		)	(3,432		)	(2,703		)	(2,397		)	(3,542		)	(2,271		)	(3,542		)	(1,271		)	(56	)%	(1,271		)	(56	)%	(1,145		)	(48	)%
Net flows	(348		)	4,314			(869		)	(619		)	(1,623		)	(348		)	(1,623		)	(1,275		)	#		(1,275		)	#		(1,004		)	#
Market appreciation (depreciation)	555			16			1,195			3,614			4,757			555			4,757			4,202			#		4,202			#		1,143			32	%
Foreign currency translation (1)	797			2,349			(4,972		)	(4,312		)	(5,000		)	797			(5,000		)	(5,797		)	#		(5,797		)	#		(688		)	(16	)%
Other	737			808			741			581			658			737			658			(79		)	(11	)%	(79		)	(11	)%	77			13	%
Total ending assets	97,806			105,293			101,388			100,652			99,444			97,806			99,444			1,638			2	%	1,638			2	%	(1,208		)	(1	)%
Alternative
Beginning assets	758			761			774			752			708			758			708			(50		)	(7	)%	(50		)	(7	)%	(44		)	(6	)%
Inflows	—			—			25			—			11			—			11			11			—		11			—		11			—
Outflows	(35		)	(16		)	(2		)	(2		)	(12		)	(35		)	(12		)	23			66	%	23			66	%	(10		)	#
Net flows	(35		)	(16		)	23			(2		)	(1		)	(35		)	(1		)	34			97	%	34			97	%	1			50	%
Market appreciation (depreciation)	18			(1		)	(15		)	(17		)	(13		)	18			(13		)	(31		)	#		(31		)	#		4			24	%
Foreign currency translation (1)	6			20			(38		)	(32		)	(33		)	6			(33		)	(39		)	#		(39		)	#		(1		)	(3	)%
Other	14			10			8			7			6			14			6			(8		)	(57	)%	(8		)	(57	)%	(1		)	(14	)%
Total ending assets	761			774			752			708			667			761			667			(94		)	(12	)%	(94		)	(12	)%	(41		)	(6	)%
Total Threadneedle managed assets	$	149,260		$	158,149		$	150,375		$	147,883		$	147,235		$	149,260		$	147,235		$	(2,025	)	(1	)%	$	(2,025	)	(1	)%	$	(648	)	—
Total Threadneedle net flows	$	(1,277	)	$	4,284		$	(1,889	)	$	(1,073	)	$	(1,116	)	$	(1,277	)	$	(1,116	)	$	161		13	%	$	161		13	%	$	(43	)	(4	)%
Total Threadneedle net flows excluding legacy insurance mandates	$	(248	)	$	5,032		$	(1,051	)	$	(286	)	$	(303	)	$	(248	)	$	(303	)	$	(55	)	(22	)%	$	(55	)	(22	)%	$	(17	)	(6	)%

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

# Variance of greater than 100%.

18

Ameriprise Financial, Inc.

Asset Management Segment - Columbia

First Quarter 2015

Mutual Fund Rankings in top 2 Lipper Quartiles

		1 Qtr 2014		2 Qtr 2014		3 Qtr 2014		4 Qtr 2014		1 Qtr 2015
Domestic Equity
Equal weighted	1 year	55	%	58	%	66	%	61	%	55	%
	3 year	50	%	50	%	73	%	68	%	65	%
	5 year	68	%	65	%	54	%	57	%	54	%
Asset weighted	1 year	41	%	50	%	62	%	58	%	61	%
	3 year	70	%	48	%	68	%	62	%	64	%
	5 year	76	%	76	%	60	%	62	%	63	%
International Equity
Equal weighted	1 year	60	%	40	%	73	%	50	%	71	%
	3 year	56	%	50	%	59	%	68	%	67	%
	5 year	53	%	41	%	60	%	65	%	63	%
Asset weighted	1 year	28	%	16	%	87	%	74	%	84	%
	3 year	27	%	77	%	40	%	45	%	41	%
	5 year	29	%	26	%	38	%	45	%	41	%
Taxable Fixed Income
Equal weighted	1 year	50	%	33	%	44	%	50	%	65	%
	3 year	65	%	61	%	56	%	61	%	75	%
	5 year	53	%	47	%	59	%	65	%	75	%
Asset weighted	1 year	53	%	37	%	66	%	71	%	77	%
	3 year	83	%	83	%	69	%	83	%	84	%
	5 year	60	%	52	%	70	%	83	%	84	%
Tax Exempt Fixed Income
Equal weighted	1 year	100	%	100	%	94	%	89	%	89	%
	3 year	100	%	100	%	94	%	100	%	100	%
	5 year	94	%	94	%	100	%	100	%	100	%
Asset weighted	1 year	100	%	100	%	84	%	78	%	84	%
	3 year	100	%	100	%	84	%	100	%	100	%
	5 year	84	%	84	%	100	%	100	%	100	%
Asset Allocation Funds
Equal weighted	1 year	33	%	50	%	58	%	58	%	82	%
	3 year	55	%	64	%	64	%	64	%	78	%
	5 year	78	%	89	%	89	%	89	%	89	%
Asset weighted	1 year	42	%	49	%	65	%	67	%	89	%
	3 year	68	%	75	%	75	%	76	%	77	%
	5 year	91	%	97	%	97	%	97	%	97	%
Number of 4- or 5-star Morningstar rated funds
Overall		51		51		54		51		48
3 year		43		43		48		42		43
5 year		44		44		46		46		50
Percent of 4- or 5-star Morningstar rated funds
Overall		51	%	50	%	51	%	49	%	48	%
3 year		43	%	43	%	46	%	40	%	43	%
5 year		46	%	46	%	47	%	47	%	53	%
Percent of 4- or 5-star Morningstar rated assets
Overall		52	%	53	%	56	%	55	%	56	%
3 year		38	%	40	%	38	%	35	%	40	%
5 year		42	%	40	%	52	%	54	%	57	%

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 2015

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

		1 Qtr 2014		2 Qtr 2014		3 Qtr 2014		4 Qtr 2014		1 Qtr 2015
Equity
Equal weighted	1 year	60	%	62	%	62	%	61	%	71	%
	3 year	80	%	73	%	73	%	64	%	68	%
	5 year	65	%	81	%	84	%	83	%	83	%
Asset weighted	1 year	42	%	53	%	57	%	63	%	78	%
	3 year	87	%	78	%	61	%	59	%	61	%
	5 year	68	%	89	%	84	%	86	%	87	%
Fixed Income
Equal weighted	1 year	61	%	65	%	70	%	65	%	65	%
	3 year	73	%	73	%	74	%	68	%	59	%
	5 year	67	%	62	%	62	%	68	%	68	%
Asset weighted	1 year	55	%	46	%	65	%	65	%	63	%
	3 year	57	%	59	%	62	%	71	%	37	%
	5 year	53	%	46	%	49	%	51	%	47	%
Allocation (Managed) Funds
Equal weighted	1 year	86	%	88	%	63	%	57	%	75	%
	3 year	100	%	67	%	83	%	83	%	83	%
	5 year	67	%	67	%	67	%	83	%	83	%
Asset weighted	1 year	62	%	63	%	51	%	68	%	79	%
	3 year	100	%	37	%	93	%	93	%	93	%
	5 year	55	%	55	%	55	%	93	%	93	%

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 2015

Annuities Segment

21

Ameriprise Financial, Inc.

Annuities Segment

First Quarter 2015

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	183		$	189		$	191		$	193		$	190		$	183		$	190		$	7		4	%	$	7		4	%	$	(3	)	(2	)%
Distribution fees	88			91			91			90			89			88			89			1			1	%	1			1	%	(1		)	(1	)%
Net investment income	242			234			235			230			221			242			221			(21		)	(9	)%	(21		)	(9	)%	(9		)	(4	)%
Premiums	26			32			26			25			22			26			22			(4		)	(15	)%	(4		)	(15	)%	(3		)	(12	)%
Other revenues	97			105			112			111			109			97			109			12			12	%	12			12	%	(2		)	(2	)%
Total revenues	636			651			655			649			631			636			631			(5		)	(1	)%	(5		)	(1	)%	(18		)	(3	)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	636			651			655			649			631			636			631			(5		)	(1	)%	(5		)	(1	)%	(18		)	(3	)%
Expenses
Distribution expenses	107			109			110			113			108			107			108			1			1	%	1			1	%	(5		)	(4	)%
Interest credited to fixed accounts	148			139			136			133			127			148			127			(21		)	(14	)%	(21		)	(14	)%	(6		)	(5	)%
Benefits, claims, losses and settlement expenses	86			113			136			128			115			86			115			29			34	%	29			34	%	(13		)	(10	)%
Amortization of deferred acquisition costs	54			51			78			52			43			54			43			(11		)	(20	)%	(11		)	(20	)%	(9		)	(17	)%
Interest and debt expense	10			9			9			10			10			10			10			—			—		—			—		—			—
General and administrative expense	55			60			58			54			56			55			56			1			2	%	1			2	%	2			4	%
Operating expenses	460			481			527			490			459			460			459			(1		)	—		(1		)	—		(31		)	(6	)%
Pretax operating earnings	$	176		$	170		$	128		$	159		$	172		$	176		$	172		$	(4	)	(2	)%	$	(4	)	(2	)%	$	13		8	%
Pretax operating margin	27.7		%	26.1		%	19.5		%	24.5		%	27.3		%	27.7		%	27.3		%	(0.4		)%			(0.4		)%			2.8		%
Return on Capital
Allocated capital	$	2,800		$	2,552		$	1,938		$	1,982		$	1,987		$	2,800		$	1,987		$	(813	)	(29	)%	$	(813	)	(29	)%	$	5		—
Operating return on allocated capital (1)	18.4		%	19.6		%	18.3		%	19.3		%	20.7		%	18.4		%	20.7		%	2.3		%			2.3		%			1.4		%
Market impact on variable annuity guaranteed benefits (2)
Risk margin and nonperformance spread impact	$	(4	)	$	(16	)	$	26		$	7		$	17		$	(4	)	$	17		$	21		#		$	21		#		$	10		#
Other	(11		)	(38		)	(17		)	(41		)	(51		)	(11		)	(51		)	(40		)	#		(40		)	#		(10		)	(24	)%
Total VA guaranteed benefit impact excluded from operating earnings	$	(15	)	$	(54	)	$	9		$	(34	)	$	(34	)	$	(15	)	$	(34	)	$	(19	)	#		$	(19	)	#		$	—		—
Total annuity net flows	$	(815	)	$	(916	)	$	(740	)	$	(721	)	$	(950	)	$	(815	)	$	(950	)	$	(135	)	(17	)%	$	(135	)	(17	)%	$	(229	)	(32	)%

(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 2015

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Product Information
Variable Annuities
Pretax operating earnings	$	145		$	140		$	81		$	123		$	144		$	145		$	144		$	(1	)	(1	)%	$	(1	)	(1	)%	$	21		17	%
Allocated capital (1)	$	1,366		$	1,164		$	564		$	644		$	650		$	1,366		$	650		$	(716	)	(52	)%	$	(716	)	(52	)%	$	6		1	%
Operating return on allocated capital (2)	35.6		%	36.5		%	33.0		%	34.8		%	41.2		%	35.6		%	41.2		%	5.6		%			5.6		%			6.4		%
Fixed Annuities (3)
Pretax operating earnings	$	31		$	30		$	47		$	36		$	28		$	31		$	28		$	(3	)	(10	)%	$	(3	)	(10	)%	$	(8	)	(22	)%
Allocated capital	$	1,434		$	1,388		$	1,374		$	1,338		$	1,337		$	1,434		$	1,337		$	(97	)	(7	)%	$	(97	)	(7	)%	$	(1	)	—
Operating return on allocated capital (2)	5.4		%	5.3		%	6.6		%	7.7		%	7.6		%	5.4		%	7.6		%	2.2		%			2.2		%			(0.1		)%
Variable Annuities Rollforward
Beginning balance	$	75,522		$	75,893		$	77,580		$	76,141		$	76,988		$	75,522		$	76,988		$	1,466		2	%	$	1,466		2	%	$	847		1	%
Deposits	1,215			1,248			1,204			1,200			1,182			1,215			1,182			(33		)	(3	)%	(33		)	(3	)%	(18		)	(2	)%
Withdrawals and terminations	(1,615		)	(1,704		)	(1,630		)	(1,606		)	(1,567		)	(1,615		)	(1,567		)	48			3	%	48			3	%	39			2	%
Net flows	(400		)	(456		)	(426		)	(406		)	(385		)	(400		)	(385		)	15			4	%	15			4	%	21			5	%
Investment performance and interest credited	771			2,143			(1,013		)	1,253			1,331			771			1,331			560			73	%	560			73	%	78			6	%
Total ending balance - contract accumulation values	$	75,893		$	77,580		$	76,141		$	76,988		$	77,934		$	75,893		$	77,934		$	2,041		3	%	$	2,041		3	%	$	946		1	%
Variable annuities fixed sub-accounts	$	4,893		$	4,877		$	4,869		$	4,860		$	4,848		$	4,893		$	4,848		$	(45	)	(1	)%	$	(45	)	(1	)%	$	(12	)	—
Fixed Annuities Rollforward
Beginning balance	$	13,252		$	12,944		$	12,581		$	12,360		$	12,137		$	13,252		$	12,137		$	(1,115	)	(8	)%	$	(1,115	)	(8	)%	$	(223	)	(2	)%
Deposits	49			53			38			37			36			49			36			(13		)	(27	)%	(13		)	(27	)%	(1		)	(3	)%
Withdrawals and terminations	(464		)	(513		)	(352		)	(352		)	(601		)	(464		)	(601		)	(137		)	(30	)%	(137		)	(30	)%	(249		)	(71	)%
Net flows	(415		)	(460		)	(314		)	(315		)	(565		)	(415		)	(565		)	(150		)	(36	)%	(150		)	(36	)%	(250		)	(79	)%
Policyholder interest credited	107			97			93			92			86			107			86			(21		)	(20	)%	(21		)	(20	)%	(6		)	(7	)%
Total ending balance - contract accumulation values	$	12,944		$	12,581		$	12,360		$	12,137		$	11,658		$	12,944		$	11,658		$	(1,286	)	(10	)%	$	(1,286	)	(10	)%	$	(479	)	(4	)%
Capitalized interest	$	1		$	—		$	1		$	1		$	1		$	1		$	1		$	—		—		$	—		—		$	—		—
Payout Annuities Reserve Balance	$	2,112		$	2,111		$	2,110		$	2,103		$	2,088		$	2,112		$	2,088		$	(24	)	(1	)%	$	(24	)	(1	)%	$	(15	)	(1	)%
Tax Equivalent Spread - Fixed Annuities (4)
Gross rate of return on invested assets (5)	4.9		%	4.8		%	5.0		%	4.9		%	4.7		%	4.9		%	4.7		%	(0.2		)%			(0.2		)%			(0.2		)%
Crediting rate excluding capitalized interest	(3.3		)%	(3.0		)%	(3.0		)%	(3.0		)%	(3.0		)%	(3.3		)%	(3.0		)%	0.3		%			0.3		%			—
Tax equivalent margin spread	1.6		%	1.8		%	2.0		%	1.9		%	1.7		%	1.6		%	1.7		%	0.1		%			0.1		%			(0.2		)%
Total Variable Annuities DAC
Beginning balance	$	1,690		$	1,685		$	1,692		$	1,655		$	1,663		$	1,690		$	1,663		$	(27	)	(2	)%	$	(27	)	(2	)%	$	8		—
Capitalization	41			44			42			42			39			41			39			(2		)	(5	)%	(2		)	(5	)%	(3		)	(7	)%
Amortization due to market impact on VA guaranteed benefits	—			10			(7		)	6			4			—			4			4			—		4			—		(2		)	(33	)%
Amortization per income statement	(43		)	(41		)	(78		)	(43		)	(33		)	(43		)	(33		)	10			23	%	10			23	%	10			23	%
Other	(3		)	(6		)	6			3			(3		)	(3		)	(3		)	—			—		—			—		(6		)	#
Total ending balance	$	1,685		$	1,692		$	1,655		$	1,663		$	1,670		$	1,685		$	1,670		$	(15	)	(1	)%	$	(15	)	(1	)%	$	7		—
Total Fixed Annuities DAC
Beginning balance	$	88		$	71		$	58		$	68		$	67		$	88		$	67		$	(21	)	(24	)%	$	(21	)	(24	)%	$	(1	)	(1	)%
Capitalization	1			—			1			1			1			1			1			—			—		—			—		—			—
Amortization per income statement	(11		)	(10		)	—			(9		)	(10		)	(11		)	(10		)	1			9	%	1			9	%	(1		)	(11	)%
Other	(7		)	(3		)	9			7			1			(7		)	1			8			#		8			#		(6		)	(86	)%
Total ending balance	$	71		$	58		$	68		$	67		$	59		$	71		$	59		$	(12	)	(17	)%	$	(12	)	(17	)%	$	(8	)	(12	)%

(1)	The variable annuity allocated capital calculation takes into account the capital necessary to support the business, recognizing the established reserves and potential future interest rate changes.
(2)	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.
(3)	Includes payout annuities.
(4)	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.
(5)	In the 1st quarter of 2014 through the 1st quarter of 2015, 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 4.8%, 4.7%, 4.8%, 4.8% and 4.6% respectively.
#	Variance of greater than 100%.

23

Statistical Supplement Package

(unaudited)

First Quarter 2015

Protection Segment

24

Ameriprise Financial, Inc.

Protection Segment

First Quarter 2015

																						Prior Year Comparisons
(in millions unless otherwise noted, unaudited)																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	15		$	15		$	14		$	15		$	15		$	15		$	15		$	—		—		$	—		—		$	—		—
Distribution fees	23			22			24			23			23			23			23			—			—		—			—		—			—
Net investment income	108			113			111			115			114			108			114			6			6	%	6			6	%	(1		)	(1	)%
Premiums	308			317			329			338			335			308			335			27			9	%	27			9	%	(3		)	(1	)%
Other revenues	101			112			75			109			103			101			103			2			2	%	2			2	%	(6		)	(6	)%
Total revenues	555			579			553			600			590			555			590			35			6	%	35			6	%	(10		)	(2	)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	555			579			553			600			590			555			590			35			6	%	35			6	%	(10		)	(2	)%
Expenses
Distribution expenses	14			16			14			17			13			14			13			(1		)	(7	)%	(1		)	(7	)%	(4		)	(24	)%
Interest credited to fixed accounts	38			37			39			39			40			38			40			2			5	%	2			5	%	1			3	%
Benefits, claims, losses and settlement expenses	349			329			338			400			380			349			380			31			9	%	31			9	%	(20		)	(5	)%
Amortization of deferred acquisition costs	28			36			26			45			36			28			36			8			29	%	8			29	%	(9		)	(20	)%
Interest and debt expense	7			7			6			8			8			7			8			1			14	%	1			14	%	—			—
General and administrative expense	60			63			64			61			62			60			62			2			3	%	2			3	%	1			2	%
Operating expenses	496			488			487			570			539			496			539			43			9	%	43			9	%	(31		)	(5	)%
Pretax operating earnings	$	59		$	91		$	66		$	30		$	51		$	59		$	51		$	(8	)	(14	)%	$	(8	)	(14	)%	$	21		70	%
Pretax operating margin	10.6		%	15.7		%	11.9		%	5.0		%	8.6		%	10.6		%	8.6		%	(2.0		)%			(2.0		)%			3.6		%
Return on Capital
Allocated capital	$	1,839		$	1,879		$	1,897		$	1,962		$	1,975		$	1,839		$	1,975		$	136		7	%	$	136		7	%	$	13		1	%
Operating return on allocated capital (1)	11.7		%	11.5		%	11.4		%	9.6		%	9.1		%	11.7		%	9.1		%	(2.6		)%			(2.6		)%			(0.5		)%
Market impact on indexed universal life benefits (2)
Risk margin and nonperformance spread impact	$	2		$	4		$	6		$	1		$	—		$	2		$	—		$	(2	)	#		$	(2	)	#		$	(1	)	#
Other	(1		)	(4		)	2			(16		)	(6		)	(1		)	(6		)	(5		)	#		(5		)	#		10			63	%
Total market impact on indexed universal life benefits excluded from operating earnings	$	1		$	—		$	8		$	(15	)	$	(6	)	$	1		$	(6	)	$	(7	)	#		$	(7	)	#		$	9		60	%
Product Information
Long Term Care
Pretax operating earnings	$	8		$	2		$	(5	)	$	—		$	(31	)	$	8		$	(31	)	$	(39	)	#		$	(39	)	#		$	(31	)	—
Allocated capital	$	520		$	517		$	522		$	536		$	556		$	520		$	556		$	36		7	%	$	36		7	%	$	20		4	%
Operating return on allocated capital (1)	1.2		%	1.3		%	0.9		%	0.7		%	(4.7		)%	1.2		%	(4.7		)%	(5.9		)%			(5.9		)%			(5.4		)%
Protection excluding Long Term Care
Pretax operating earnings	$	51		$	89		$	71		$	30		$	82		$	51		$	82		$	31		61	%	$	31		61	%	$	52		#
Allocated capital	$	1,319		$	1,362		$	1,375		$	1,426		$	1,419		$	1,319		$	1,419		$	100		8	%	$	100		8	%	$	(7	)	—
Operating return on allocated capital (1)	15.9		%	15.5		%	15.5		%	13.1		%	14.4		%	15.9		%	14.4		%	(1.5		)%			(1.5		)%			1.3		%

(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 2015

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Cash Sales
VUL / UL (1)	$	78		$	78		$	85		$	85		$	66		$	78		$	66		$	(12	)	(15	)%	$	(12	)	(15	)%	$	(19	)	(22	)%
Term and whole life	3			2			2			3			2			3			2			(1		)	(33	)%	(1		)	(33	)%	(1		)	(33	)%
Disability insurance	1			1			2			1			1			1			1			—			—		—			—		—			—
Auto and home	239			253			274			251			262			239			262			23			10	%	23			10	%	11			4	%
Total cash sales	$	321		$	334		$	363		$	340		$	331		$	321		$	331		$	10		3	%	$	10		3	%	$	(9	)	(3	)%
VUL / UL Policyholder Account Balances
Beginning balance	$	10,906		$	10,984		$	11,234		$	11,124		$	11,283		$	10,906		$	11,283		$	377		3	%	$	377		3	%	$	159		1	%
Premiums and deposits	249			260			258			266			246			249			246			(3		)	(1	)%	(3		)	(1	)%	(20		)	(8	)%
Investment performance and interest	117			279			(70		)	190			186			117			186			69			59	%	69			59	%	(4		)	(2	)%
Withdrawals and surrenders	(287		)	(291		)	(297		)	(296		)	(294		)	(287		)	(294		)	(7		)	(2	)%	(7		)	(2	)%	2			1	%
Other	(1		)	2			(1		)	(1		)	—			(1		)	—			1			#		1			#		1			#
Total ending balance	$	10,984		$	11,234		$	11,124		$	11,283		$	11,421		$	10,984		$	11,421		$	437		4	%	$	437		4	%	$	138		1	%
Premiums by Product
Term and whole life	$	12		$	12		$	12		$	12		$	11		$	12		$	11		$	(1	)	(8	)%	$	(1	)	(8	)%	$	(1	)	(8	)%
Disability insurance	38			39			38			38			37			38			37			(1		)	(3	)%	(1		)	(3	)%	(1		)	(3	)%
Long term care	28			28			28			30			27			28			27			(1		)	(4	)%	(1		)	(4	)%	(3		)	(10	)%
Auto and home	224			233			245			253			254			224			254			30			13	%	30			13	%	1			—
Intercompany premiums	6			5			6			5			6			6			6			—			—		—			—		1			20	%
Total premiums by product	$	308		$	317		$	329		$	338		$	335		$	308		$	335		$	27		9	%	$	27		9	%	$	(3	)	(1	)%
Auto and Home Insurance
Policy count (thousands)	861			889			912			929			943			861			943			82			10	%	82			10	%	14			2	%
Loss ratio	100.5		%	89.7		%	85.6		%	106.2		%	90.1		%	100.5		%	90.1		%	(10.4		)%			(10.4		)%			(16.1		)%
Expense ratio	15.4		%	15.5		%	14.7		%	15.6		%	15.5		%	15.4		%	15.5		%	0.1		%			0.1		%			(0.1		)%
Combined ratio	115.9		%	105.2		%	100.3		%	121.8		%	105.6		%	115.9		%	105.6		%	(10.3		)%			(10.3		)%			(16.2		)%
DAC Rollforward
Life and Health
Beginning balance	$	859		$	848		$	835		$	854		$	851		$	859		$	851		$	(8	)	(1	)%	$	(8	)	(1	)%	$	(3	)	—
Capitalization	20			22			24			22			20			20			20			—			—		—			—		(2		)	(9	)%
Amortization due to market impact on indexed universal life benefits	(1		)	3			(1		)	8			3			(1		)	3			4			#		4			#		(5		)	(63	)%
Amortization per income statement	(15		)	(20		)	(11		)	(29		)	(20		)	(15		)	(20		)	(5		)	(33	)%	(5		)	(33	)%	9			31	%
Other	(15		)	(18		)	7			(4		)	(9		)	(15		)	(9		)	6			40	%	6			40	%	(5		)	#
Total ending balance	$	848		$	835		$	854		$	851		$	845		$	848		$	845		$	(3	)	—		$	(3	)	—		$	(6	)	(1	)%
Life Insurance in Force	$	194,293		$	194,760		$	195,155		$	195,510		$	195,694		$	194,293		$	195,694		$	1,401		1	%	$	1,401		1	%	$	184		—
Net Amount at Risk	$	40,816		$	40,452		$	40,600		$	40,552		$	40,331		$	40,816		$	40,331		$	(485	)	(1	)%	$	(485	)	(1	)%	$	(221	)	(1	)%
Net Policyholder Reserves
VUL / UL	$	10,139		$	10,400		$	10,295		$	10,476		$	10,631		$	10,139		$	10,631		$	492		5	%	$	492		5	%	$	155		1	%
Term and whole life	221			218			218			216			215			221			215			(6		)	(3	)%	(6		)	(3	)%	(1		)	—
Disability insurance	539			536			537			538			532			539			532			(7		)	(1	)%	(7		)	(1	)%	(6		)	(1	)%
Long term care and other	2,696			2,707			2,723			2,738			2,778			2,696			2,778			82			3	%	82			3	%	40			1	%
Auto and home loss and LAE reserves	439			441			428			473			493			439			493			54			12	%	54			12	%	20			4	%
Total net policyholder reserves	$	14,034		$	14,302		$	14,201		$	14,441		$	14,649		$	14,034		$	14,649		$	615		4	%	$	615		4	%	$	208		1	%

(1)Includes lump sum deposits.

# Variance of greater than 100%.

26

Statistical Supplement Package

(unaudited)

First Quarter 2015

Corporate & Other Segment

27

Ameriprise Financial, Inc.

Corporate & Other Segment

First Quarter 2015

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	1			—			—			—			—			1			—			(1		)	#		(1		)	#		—			—
Net investment income	4			(5		)	(3		)	(2		)	(7		)	4			(7		)	(11		)	#		(11		)	#		(5		)	#
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	1			3			2			3			1			1			1			—			—		—			—		(2		)	(67	)%
Total revenues	6			(2		)	(1		)	1			(6		)	6			(6		)	(12		)	#		(12		)	#		(7		)	#
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	6			(2		)	(1		)	1			(6		)	6			(6		)	(12		)	#		(12		)	#		(7		)	#
Expenses
Distribution expenses	—			—			1			—			—			—			—			—			—		—			—		—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	4			9			3			5			5			4			5			1			25	%	1			25	%	—			—
General and administrative expense	57			64			48			43			51			57			51			(6		)	(11	)%	(6		)	(11	)%	8			19	%
Operating expenses	61			73			52			48			56			61			56			(5		)	(8	)%	(5		)	(8	)%	8			17	%
Pretax operating loss	$	(55	)	$	(75	)	$	(53	)	$	(47	)	$	(62	)	$	(55	)	$	(62	)	$	(7	)	(13	)%	$	(7	)	(13	)%	$	(15	)	(32	)%

# Variance of greater than 100%.

28

Ameriprise Financial, Inc.

Eliminations (1)

First Quarter 2015

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015			Diff.			%		Diff.			%		Diff.		%
Operating Income Statements
Revenues
Management and financial advice fees	$	(33	)	$	(34	)	$	(34	)	$	(34	)	$	(34	)	$	(33	)	$	(34	)	$	(1	)	(3	)%	$	(1	)	(3	)%	$	—	—
Distribution fees	(304		)	(317		)	(319		)	(325		)	(314		)	(304		)	(314		)	(10		)	(3	)%	(10		)	(3	)%	11		3	%
Net investment income	—			—			—			(1		)	—			—			—			—			—		—			—		1		#
Premiums	(4		)	(4		)	(4		)	(4		)	(4		)	(4		)	(4		)	—			—		—			—		—		—
Other revenues	—			—			—			—			—			—			—			—			—		—			—		—		—
Total revenues	(341		)	(355		)	(357		)	(364		)	(352		)	(341		)	(352		)	(11		)	(3	)%	(11		)	(3	)%	12		3	%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—		—
Operating total net revenues	(341		)	(355		)	(357		)	(364		)	(352		)	(341		)	(352		)	(11		)	(3	)%	(11		)	(3	)%	12		3	%
Expenses
Distribution expenses	(326		)	(340		)	(342		)	(348		)	(337		)	(326		)	(337		)	(11		)	(3	)%	(11		)	(3	)%	11		3	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—		—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—		—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—		—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—		—
General and administrative expense	(15		)	(15		)	(15		)	(16		)	(15		)	(15		)	(15		)	—			—		—			—		1		6	%
Operating expenses	(341		)	(355		)	(357		)	(364		)	(352		)	(341		)	(352		)	(11		)	(3	)%	(11		)	(3	)%	12		3	%
Pretax operating earnings	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—	—

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

# Variance of greater than 100%.

29

Statistical Supplement Package

(unaudited)

First Quarter 2015

Balance Sheet and Ratings Information

30

Ameriprise Financial, Inc.

Consolidated Balance Sheets

First Quarter 2015

(in millions, unaudited)	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014			March 31, 2015
Assets
Cash and cash equivalents	$	2,403		$	2,141		$	2,876		$	2,638		$	2,809
Cash of consolidated investment entities	496			718			279			390			338
Investments	35,906			35,958			35,899			35,582			35,726
Investments of consolidated investment entities	5,397			5,626			5,661			6,148			6,090
Separate account assets	81,872			84,027			82,420			83,256			84,243
Receivables	4,639			4,782			4,827			4,887			5,063
Receivables of consolidated investment entities	75			127			68			140			77
Deferred acquisition costs	2,630			2,612			2,605			2,608			2,602
Restricted and segregated cash and investments	2,391			2,344			2,382			2,614			2,714
Other assets	8,160			8,435			8,158			8,611			9,896
Other assets of consolidated investment entities	1,995			2,390			2,018			1,936			1,890
Total Assets	$	145,964		$	149,160		$	147,193		$	148,810		$	151,448
Liabilities
Policyholder account balances, future policy benefits and claims	$	29,625		$	29,607		$	29,810		$	30,350		$	30,482
Separate account liabilities	81,872			84,027			82,420			83,256			84,243
Customer deposits	7,211			7,285			7,513			7,664			7,878
Short-term borrowings	300			200			200			200			200
Long-term debt	2,719			2,523			3,059			3,062			3,066
Debt of consolidated investment entities	6,147			6,672			6,394			6,867			6,779
Accounts payable and accrued expenses	1,187			1,274			1,411			1,482			1,275
Accounts payable and accrued expenses of consolidated investment entities	41			47			50			41			46
Other liabilities	7,143			7,356			6,882			6,357			8,068
Other liabilities of consolidated investment entities	274			492			114			226			152
Total Liabilities	136,519			139,483			137,853			139,505			142,189
Equity
Ameriprise Financial
Common shares ($.01 par)	3			3			3			3			3
Additional paid-in capital	7,046			7,144			7,232			7,345			7,423
Retained earnings	7,582			7,843			8,152			8,469			8,752
Appropriated retained earnings of consolidated investment entities	356			320			308			234			279
Treasury stock	(7,389		)	(7,802		)	(8,181		)	(8,589		)	(8,966		)
Accumulated other comprehensive income, net of tax	746			920			746			662			704
Total Ameriprise Financial Shareholders’ Equity	8,344			8,428			8,260			8,124			8,195
Noncontrolling interests	1,101			1,249			1,080			1,181			1,064
Total Equity	9,445			9,677			9,340			9,305			9,259
Total Liabilities and Equity	$	145,964		$	149,160		$	147,193		$	148,810		$	151,448

31

Ameriprise Financial, Inc.

Capital and Ratings Information

First Quarter 2015

(in millions unless otherwise noted, unaudited)	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014			March 31, 2015
Long-term Debt Summary
Senior notes	$	2,425		$	2,229		$	2,765		$	2,768		$	2,772
Junior subordinated notes	294			294			294			294			294
Total Ameriprise Financial long-term debt	2,719			2,523			3,059			3,062			3,066
Non-recourse debt of consolidated investment entities	6,147			6,672			6,394			6,867			6,779
Total long-term debt	$	8,866		$	9,195		$	9,453		$	9,929		$	9,845
Total Ameriprise Financial long-term debt	$	2,719		$	2,523		$	3,059		$	3,062		$	3,066
Fair value of hedges and unamortized discount	(75		)	(79		)	(65		)	(68		)	(72		)
Total Ameriprise Financial long-term debt excluding fair value of hedges and unamortized discount (1)	$	2,644		$	2,444		$	2,994		$	2,994		$	2,994
Total equity (2)	$	9,445		$	9,677		$	9,340		$	9,305		$	9,259
Noncontrolling interests	(1,101		)	(1,249		)	(1,080		)	(1,181		)	(1,064		)
Total Ameriprise Financial shareholders’ equity	8,344			8,428			8,260			8,124			8,195
Equity of consolidated investment entities	(340		)	(308		)	(296		)	(222		)	(266		)
Total Ameriprise Financial shareholders’ equity excluding CIEs (1)	$	8,004		$	8,120		$	7,964		$	7,902		$	7,929
Total Ameriprise Financial capital	$	11,063		$	10,951		$	11,319		$	11,186		$	11,261
Total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs (1)	$	10,648		$	10,564		$	10,958		$	10,896		$	10,923
Debt to capital
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	24.6		%	23.0		%	27.0		%	27.4		%	27.2		%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs (1)	24.8		%	23.1		%	27.3		%	27.5		%	27.4		%

Ratings (as of March 31, 2015 earnings release date)	A.M. Best Company	Standard & Poor’s Rating Services	Moody’s Investors Service, Inc.
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 2015

(in millions unless otherwise noted, unaudited)	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014			March 31, 2015
Cash and cash equivalents	$	2,403		$	2,141		$	2,876		$	2,638		$	2,809
Investments - Ending Balances
Available-for-Sale Securities
Corporate debt securities	17,464			17,411			17,322			17,165			17,218
Residential mortgage backed securities	6,090			6,158			6,232			6,207			6,270
Commercial mortgage backed securities	2,781			2,768			2,637			2,630			2,694
Asset backed securities	1,522			1,506			1,488			1,470			1,405
Total mortgage and other asset backed securities	10,393			10,432			10,357			10,307			10,369
State and municipal obligations	2,298			2,317			2,257			2,239			2,243
US government and agencies obligations	52			47			47			47			56
Foreign government bonds and obligations	252			258			253			251			245
Common and preferred stocks	19			21			20			18			19
Total other	2,621			2,643			2,577			2,555			2,563
Total available-for-sale securities	30,478			30,486			30,256			30,027			30,150
Commercial mortgage loans	2,695			2,705			2,714			2,729			2,683
Allowance for loan losses	(25		)	(25		)	(25		)	(25		)	(23		)
Commercial mortgage loans, net	2,670			2,680			2,689			2,704			2,660
Residential mortgage loans	821			797			771			739			710
Allowance for loan losses	(4		)	(3		)	(3		)	(3		)	(2		)
Residential mortgage loans, net	817			794			768			736			708
Policy loans	780			792			805			806			813
Other investments	1,161			1,206			1,381			1,309			1,395
Total investments	35,906			35,958			35,899			35,582			35,726
Total cash, cash equivalents and investments	$	38,309		$	38,099		$	38,775		$	38,220		$	38,535
Net unrealized gain Available-for-Sale Securities	$	1,836		$	2,204		$	1,985		$	1,961		$	2,178
AFS Fixed Maturity Asset Quality - %
AAA	25		%	25		%	26		%	26		%	26		%
AA	6		%	6		%	6		%	6		%	6		%
AFS securities AA and above	31		%	31		%	32		%	32		%	32		%
A	22		%	22		%	22		%	22		%	21		%
BBB	41		%	41		%	40		%	40		%	41		%
Below investment grade	6		%	6		%	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

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. These services are centered on long-term, personal relationships between our advisors and our clients and focus on helping clients confidently achieve their financial goals. Our advisors provide a distinctive approach to financial planning and have access to a broad 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 earns revenues (distribution fees) for providing non-affiliated products and 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. 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.

Asset Management - This segment provides investment advice and investment products to retail, high net worth and institutional clients on a global scale through Columbia Threadneedle Investments. 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 U.S. mutual funds and their non-U.S. equivalents, 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, hedge funds and certain private funds are often 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 our Asset Management segment provides 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 our fixed annuity products are distributed 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 Loan Obligations (“CLO”).

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 advisory wrap accounts. These assets include those held in clients’ brokerage accounts. We generally record revenues 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 external client assets for which we provide investment management services, such as the assets of the Columbia funds and Threadneedle funds, assets of institutional clients and advisory assets held in wrap 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 variable interest entities, such as property funds and CLOs, 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, net of related impacts on DAC, DSIC and unearned revenue as well as a reinsurance accrual for indexed universal life.

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 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 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 a fee based on the advisory 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 2015

Disclosed Items

37

Ameriprise Financial, Inc.

Disclosed Items

1 Qtr 2015

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
(in millions, unaudited)	Gains/(Losses) (1)			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	(1		)	7			—			4			—			105
Premiums	—			—			—			—			—			—
Other revenues	—			—			—			—			(4		)	58
Total revenues	(1		)	7			—			4			(4		)	149
Banking and deposit interest expense	—			—			—			—			—			—
Total net revenues	(1		)	7			—			4			(4		)	149
Expenses
Distribution expenses	—			—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			5			—
Benefits, claims, losses and settlement expenses	—			—			38			—			—			—
Amortization of deferred acquisition costs	—			—			(4		)	—			(3		)	—
Interest and debt expense	—			—			—			—			—			53
General and administrative expense	—			—			—			—			—			10
Total expenses	—			—			34			—			2			63
Pretax segment income (loss)	(1		)	7			(34		)	4			(6		)	86
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—			86
Pretax segment gain (loss) attributable to Ameriprise Financial	$	(1	)	$	7		$	(34	)	$	4		$	(6	)	$	—
Included in Operating Earnings
	Annuities						Protection
	Market						Market						Disability Insurance			Auto & Home
	Impacts			Variable Annuity			Impacts			Long Term Care			Discount Rate			Weather-Related
(in millions, unaudited)	to DAC/DSIC (5)			Product Changes (6)			to DAC/DSIC (5)			Reserves (7)			Change (8)			Losses (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		)	(3		)	—			32			(7		)	12
Amortization of deferred acquisition costs	(8		)	1			(1		)	—			—			—
Interest and debt expense	—			—			—			—			—			—
General and administrative expense	—			—			—			—			—			—
Operating expenses	(10		)	(2		)	(1		)	32			(7		)	12
Pretax operating earnings	$	10		$	2		$	1		$	(32	)	$	7		$	(12	)

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

(2)Variable annuity guaranteed benefit impacts include:

$39 million net expense related to hedged variable annuity benefits

$5 million decrease in DAC and DSIC amortization resulting from hedged benefits

(3)Indexed universal life benefit impacts include:

$5 million net expense related to hedged indexed universal life benefits

$3 million decrease in DAC amortization resulting from hedged indexed universal life benefits

$4 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 Portfolio Stabilizer (managed volatility) fund options for in-force variable annuities with living benefit guarantees

(7)Reserve increase related to our closed block of long term care insurance

(8)Favorable impact from a change in the discount rate for disability insurance products

(9)Auto and home weather-related losses, includes $4 million related to 2014 catastrophe losses

38

Ameriprise Financial, Inc.

Disclosed Items

4 Qtr 2014

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
(in millions, unaudited)	Gains/(Losses) (1)			Gains/(Losses) (1)			Benefits (2)			Gains/(Losses) (1)			Life Benefits (3)			CIEs (4)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	(16	)
Distribution fees	—			—			—			—			—			—
Net investment income	1			16			—			10			—			(1		)
Premiums	—			—			—			—			—			—
Other revenues	—			—			—			—			(11		)	125
Total revenues	1			16			—			10			(11		)	108
Banking and deposit interest expense	—			—			—			—			—			—
Total net revenues	1			16			—			10			(11		)	108
Expenses
Distribution expenses	—			—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			12			—
Benefits, claims, losses and settlement expenses	—			—			40			—			—			—
Amortization of deferred acquisition costs	—			—			(6		)	—			(8		)	—
Interest and debt expense	—			—			—			—			—			60
General and administrative expense	—			—			—			—			—			20
Total expenses	—			—			34			—			4			80
Pretax segment income (loss)	1			16			(34		)	10			(15		)	28
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—			28
Pretax segment gain (loss) attributable to Ameriprise Financial	$	1		$	16		$	(34	)	$	10		$	(15	)	$	—
Included in Operating Earnings
	Annuities						Protection
	Market						Market
	Impacts			Variable Annuity			Impacts			Actuarial Model			Auto & Home
(in millions, unaudited)	to DAC/DSIC (5)			Product Changes (6)			to DAC/DSIC (5)			Correction (7)			Reserves (8)
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	(1		)	(2		)	—			—			60
Amortization of deferred acquisition costs	(6		)	—			(1		)	7			—
Interest and debt expense	—			—			—			—			—
General and administrative expense	—			—			—			—			—
Operating expenses	(7		)	(2		)	(1		)	7			60
Pretax operating earnings	$	7		$	2		$	1		$	(7	)	$	(60	)

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

(2)Variable annuity guaranteed benefit impacts include:

$42 million net expense related to hedged variable annuity benefits

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

(3)Indexed universal life benefit impacts include:

$12 million net expense related to hedged indexed universal life benefits

$8 million decrease in DAC amortization resulting from hedged indexed universal life benefits

$11 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 Portfolio Stabilizer (managed volatility) fund options for in-force variable annuities with living benefit guarantees

(7)Actuarial model correction in life and health

(8)Increase in auto reserves

39

Ameriprise Financial, Inc.

Disclosed Items

3 Qtr 2014

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)			Benefits (2)			Gains/(Losses) (1)			Life Benefits (3)			Gains/(Losses) (1)			CIEs (4)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	(15	)
Distribution fees	—			—			—			—			—			—
Net investment income	7			—			1			—			(4		)	41
Premiums	—			—			—			—			—			—
Other revenues	—			—			—			2			—			180
Total revenues	7			—			1			2			(4		)	206
Banking and deposit interest expense	—			—			—			—			—			—
Total net revenues	7			—			1			2			(4		)	206
Expenses
Distribution expenses	—			—			—			—			—			—
Interest credited to fixed accounts	—			—			—			(7		)	—			—
Benefits, claims, losses and settlement expenses	—			(16		)	—			—			—			—
Amortization of deferred acquisition costs	—			7			—			1			—			—
Interest and debt expense	—			—			—			—			—			54
General and administrative expense	—			—			—			—			—			7
Total expenses	—			(9		)	—			(6		)	—			61
Pretax segment income (loss)	7			9			1			8			(4		)	145
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—			145
Pretax segment gain (loss) attributable to Ameriprise Financial	$	7		$	9		$	1		$	8		$	(4	)	$	—
Included in Operating Earnings
	Annuities						Protection
	Market			Valuation			Valuation
	Impacts			Assumptions &			Assumptions &
(in millions, unaudited)	to DAC/DSIC (5)			Model Changes (6)			Model Changes (6)
Revenues
Management and financial advice fees	$	—		$	—		$	—
Distribution fees	—			—			—
Net investment income	—			—			—
Premiums	—			—			—
Other revenues	—			—			(29		)
Total revenues	—			—			(29		)
Banking and deposit interest expense	—			—			—
Operating total net revenues	—			—			(29		)
Expenses
Distribution expenses	—			—			—
Interest credited to fixed accounts	—			—			—
Benefits, claims, losses and settlement expenses	1			5			1
Amortization of deferred acquisition costs	5			17			(9		)
Interest and debt expense	—			—			—
General and administrative expense	—			—			—
Operating expenses	6			22			(8		)
Pretax operating earnings	$	(6	)	$	(22	)	$	(21	)

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

(2)Variable annuity guaranteed benefit impacts include:

$17 million net benefit related to hedged variable annuity benefits

$8 million increase in DAC and DSIC amortization resulting from hedged benefits

(3)Indexed universal life benefit impacts include:

$7 million net benefit related to hedged indexed universal life benefits

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

$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)Increase in DAC and DSIC amortization from lower than projected separate account growth

(6)Net pretax impact of model changes and the annual review/updating of valuation assumptions

40

Ameriprise Financial, Inc.

Disclosed Items

2 Qtr 2014

Excluded from Operating Earnings

	Annuities					Protection			Corporate and Eliminations
			Market Impact on			Market Impact on
	Securities		VA Guaranteed			Indexed Universal
(in millions, unaudited)	Gains/(Losses) (1)		Benefits (2)			Life Benefits (3)			CIEs (4)
Revenues
Management and financial advice fees	$	—	$	—		$	—		$	(29	)
Distribution fees	—		—			—			—
Net investment income	1		—			—			43
Premiums	—		—			—			—
Other revenues	—		—			(4		)	146
Total revenues	1		—			(4		)	160
Banking and deposit interest expense	—		—			—			—
Total net revenues	1		—			(4		)	160
Expenses
Distribution expenses	—		—			—			—
Interest credited to fixed accounts	—		—			(1		)	—
Benefits, claims, losses and settlement expenses	—		64			—			—
Amortization of deferred acquisition costs	—		(10		)	(3		)	—
Interest and debt expense	—		—			—			45
General and administrative expense	—		—			—			22
Total expenses	—		54			(4		)	67
Pretax segment income (loss)	1		(54		)	—			93
Less: Net income (loss) attributable to noncontrolling interest	—		—			—			93
Pretax segment gain (loss) attributable to Ameriprise Financial	$	1	$	(54	)	$	—		$	—
Included in Operating Earnings
	Asset Management		Annuities						Protection
			Market						Auto & Home			Market
	CLO		Impacts			Variable Annuity			Catastrophe			Impacts
(in millions, unaudited)	Benefit (5)		to DAC/DSIC (6)			Product Changes (7)			Losses (8)			to DAC/DSIC (6)
Revenues
Management and financial advice fees	$	14	$	—		$	—		$	—		$	—
Distribution fees	—		—			—			—			—
Net investment income	9		—			—			—			—
Premiums	—		—			—			—			—
Other revenues	—		—			—			—			—
Total revenues	23		—			—			—			—
Banking and deposit interest expense	—		—			—			—			—
Operating total net revenues	23		—			—			—			—
Expenses
Distribution expenses	—		—			—			—			—
Interest credited to fixed accounts	—		—			—			—			—
Benefits, claims, losses and settlement expenses	—		(3		)	(12		)	33			—
Amortization of deferred acquisition costs	—		(12		)	2			—			(1		)
Interest and debt expense	—		—			—			—			—
General and administrative expense	6		—			—			—			—
Operating expenses	6		(15		)	(10		)	33			(1		)
Pretax operating earnings	$	17	$	15		$	10		$	(33	)	$	1

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

(2)Variable annuity guaranteed benefit impacts include:

$65 million net expense related to hedged variable annuity benefits

$11 million decrease in DAC and DSIC amortization resulting from hedged benefits

(3)    Indexed universal life benefit impacts include:

$1 million net benefit related to hedged indexed universal life benefits

$3 million decrease in DAC amortization resulting from hedged indexed universal life benefits

$4 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)CLO fund liquidation benefit

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

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

(8)Total Auto & Home catastrophe losses for the quarter, which were $12 million higher than expectations

41

Ameriprise Financial, Inc.

Disclosed Items

1 Qtr 2014

Excluded from Operating Earnings

	Annuities					Protection				Corporate and 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 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)       Benefit related to the addition of Portfolio Stabilizer (managed volatility) fund options 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

42

Exhibit B

Statistical Supplement Package

(unaudited)

First Quarter 2015

Non-GAAP Financial Measure Reconciliations

43

Ameriprise Financial, Inc.

Non-GAAP Financial Measure Reconciliations

First Quarter 2015

																Year-to-date
(in millions unless otherwise noted, unaudited)	1 Qtr 2014			2 Qtr 2014			3 Qtr 2014			4 Qtr 2014			1 Qtr 2015			2014			2015
Return on Equity
Net income attributable to Ameriprise Financial (last twelve months)	$	1,399		$	1,452		$	1,490		$	1,619		$	1,612		$	1,399		$	1,612
Less income (loss) from discontinued operations, net of tax (last twelve months)	(3		)	(2		)	(3		)	(2		)	(1		)	(3		)	(1		)
Net income from continuing operations attributable to Ameriprise Financial (last twelve months)	1,402			1,454			1,493			1,621			1,613			1,402			1,613
Less adjustments (1)	(127		)	(131		)	(107		)	(41		)	(54		)	(127		)	(54		)
Operating earnings (last twelve months)	$	1,529		$	1,585		$	1,600		$	1,662		$	1,667		$	1,529		$	1,667
Total Ameriprise Financial shareholders’ equity (five point quarter end average)	$	8,432		$	8,326		$	8,310		$	8,270		$	8,270		$	8,432		$	8,270
Less AOCI, net of tax (five point quarter end average)	731			698			723			734			755			731			755
Total Ameriprise Financial shareholders’ equity excluding AOCI (five point quarter end average)	7,701			7,628			7,587			7,536			7,515			7,701			7,515
Less equity impacts attributable to the consolidated investment entities (five point quarter end average)	337			330			331			311			300			337			300
Operating equity (five point quarter end average)	$	7,364		$	7,298		$	7,256		$	7,225		$	7,215		$	7,364		$	7,215
Return on equity excluding AOCI	18.2		%	19.1		%	19.7		%	21.5		%	21.5		%	18.2		%	21.5		%
Operating return on equity excluding AOCI	20.8		%	21.7		%	22.1		%	23.0		%	23.1		%	20.8		%	23.1		%
Effective Tax Rate
Income from continuing operations before income tax provision	$	650		$	619		$	720		$	558		$	618		$	650		$	618
Less pretax income (loss) attributable to noncontrolling interests	115			93			145			28			86			115			86
Income from continuing operations before income tax provision excluding consolidated investment entities (CIEs)	535			526			575			530			532			535			532
Less adjustments (2)	(9		)	(53		)	21			(22		)	(30		)	(9		)	(30		)
Pretax operating earnings	$	544		$	579		$	554		$	552		$	562		$	544		$	562
Income tax provision from continuing operations	$	134		$	152		$	155		$	104		$	139		$	134		$	139
Operating income tax provision	$	137		$	171		$	147		$	112		$	150		$	137		$	150
Effective tax rate	20.7		%	24.5		%	21.6		%	18.7		%	22.5		%	20.7		%	22.5		%
Effective tax rate excluding noncontrolling interests	25.1		%	28.7		%	27.0		%	19.7		%	26.1		%	25.1		%	26.1		%
Operating effective tax rate	25.2		%	29.5		%	26.5		%	20.3		%	26.7		%	25.2		%	26.7		%

(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.

44

Ameriprise Financial, Inc.

Non-GAAP Financial Measure Reconciliations

First Quarter 2015

(in millions unless otherwise noted, unaudited)	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014			March 31, 2015
Long-term Debt Summary
Senior notes	$	2,425		$	2,229		$	2,765		$	2,768		$	2,772
Junior subordinated notes	294			294			294			294			294
Total Ameriprise Financial long-term debt	2,719			2,523			3,059			3,062			3,066
Less fair value of hedges and unamortized discount	75			79			65			68			72
Total Ameriprise Financial long-term debt excluding fair value of hedges and unamortized discount	$	2,644		$	2,444		$	2,994		$	2,994		$	2,994
Equity Summary
Total equity	$	9,445		$	9,677		$	9,340		$	9,305		$	9,259
Less noncontrolling interests	1,101			1,249			1,080			1,181			1,064
Total Ameriprise Financial shareholders’ equity	8,344			8,428			8,260			8,124			8,195
Less equity of consolidated investment entities	340			308			296			222			266
Total Ameriprise Financial shareholders’ equity excluding CIEs	$	8,004		$	8,120		$	7,964		$	7,902		$	7,929
Capital Summary
Total Ameriprise Financial long-term debt	$	2,719		$	2,523		$	3,059		$	3,062		$	3,066
Total Ameriprise Financial shareholders’ equity	8,344			8,428			8,260			8,124			8,195
Total Ameriprise Financial capital	11,063			10,951			11,319			11,186			11,261
Less equity of consolidated investment entities	340			308			296			222			266
Less fair value of hedges and unamortized discount	75			79			65			68			72
Total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs	$	10,648		$	10,564		$	10,958		$	10,896		$	10,923
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	24.6		%	23.0		%	27.0		%	27.4		%	27.2		%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount and equity of CIEs	24.8		%	23.1		%	27.3		%	27.5		%	27.4		%
Ameriprise Financial shareholders’ equity	$	8,344		$	8,428		$	8,260		$	8,124		$	8,195
AOCI	746			920			746			662			704
Appropriated retained earnings of CIEs	356			320			308			234			279
AOCI attributable to CIEs	(16		)	(12		)	(12		)	(12		)	(13		)
Ameriprise Financial shareholders’ equity	$	8,344		$	8,428		$	8,260		$	8,124		$	8,195
Less AOCI	746			920			746			662			704
Ameriprise Financial shareholders’ equity excluding AOCI	$	7,598		$	7,508		$	7,514		$	7,462		$	7,491
Ameriprise Financial shareholders’ equity	$	8,344		$	8,428		$	8,260		$	8,124		$	8,195
Less appropriated retained earnings of CIEs	356			320			308			234			279
Less AOCI	746			920			746			662			704
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI	$	7,242		$	7,188		$	7,206		$	7,228		$	7,212

45