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)  February 1, 2017

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 February 1, 2017, Ameriprise Financial, Inc. (the “Company,” “we,” or “our”) issued a press release announcing its financial results for the fourth quarter of 2016.  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 December 31, 2016.

We follow accounting principles generally accepted in the United States (“GAAP”). The press release furnished as Exhibit 99.1 and the financial information furnished as Exhibit 99.2 include information on both a GAAP and non-GAAP adjusted basis. Certain non-GAAP performance measures in these exhibits exclude the impact of consolidating certain investment entities (“CIEs”), as well as certain integration/restructuring charges, the impact of our annual review of insurance and annuity valuation assumptions and model changes (“unlocking”), market impact on variable annuity guaranteed benefits, market impact on indexed universal life benefits, market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments, net realized investment 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 2016 and 2015 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, debt issuance costs, capital lease obligations 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, debt issuance costs, capital lease obligations and equity of CIEs; total Ameriprise Financial long-term debt excluding fair value of hedges, unamortized discount, debt issuance costs and capital lease obligations; total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, debt issuance costs, capital lease obligations and equity of CIEs; and various financial measures that exclude the impact of unlocking.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.	Description
Exhibit 99.1	Press Release dated February 1, 2017 announcing financial results for the fourth quarter of 2016
Exhibit 99.2	Statistical Supplement for the quarterly period ended December 31, 2016

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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: February 1, 2017	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

Fourth Quarter and Full Year 2016 Results

Fourth quarter 2016 net income(1) per diluted share was $2.46

Operating EPS was $2.73

Full Year 2016 net income(1) per diluted share was $7.81

Operating EPS was $8.48

Excluding annual unlocking(2), operating EPS was $9.40

Fourth quarter 2016 return on equity excluding AOCI was 20.4 percent

Operating ROE excluding AOCI was 22.2 percent

Excluding annual unlocking(2), operating ROE excluding AOCI was 24.6 percent

MINNEAPOLIS — February 1, 2017 — Ameriprise Financial, Inc. (NYSE: AMP) today reported fourth quarter 2016 net income(1) of $400 million, or $2.46 per diluted share. Operating earnings were $443 million, with operating earnings per diluted share of $2.73.

GAAP Results — Fourth Quarter

Net revenues of $3.1 billion decreased 1 percent or $41 million from last year. The decrease in revenue related to the deconsolidation of certain collateralized loan obligations and property funds was offset by the increase in the market impact of hedges on investments. Operating net revenue decreased $41 million or 1 percent versus last year as described below.

Expenses of $2.6 billion decreased 2 percent as a result of lower general and administrative expenses and the deconsolidation of certain investment entities.

Operating Results — Fourth Quarter

Operating net revenues of $2.9 billion decreased 1 percent or $41 million versus last year. Strong net revenue growth in Advice & Wealth Management from growth in client assets was offset by lower Asset Management revenues relating to outflows, foreign exchange translation and elevated performance fees a year ago.

Operating expenses of $2.4 billion decreased 1 percent. General and administrative expense declined 4 percent, equally driven by continued focus on managing underlying operating expenses and lower foreign exchange rates.

The company continued to deliver a strong return to shareholders through share repurchases and dividends of $523 million in the quarter and $2.2 billion for the year.

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

(2)Unlocking represents the company’s annual review of insurance and annuity valuation assumptions and model changes and the long term care review conducted in the third quarter.

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“Ameriprise had a strong fourth quarter and a good year in light of the operating environment,” said Jim Cracchiolo, chairman and chief executive officer. “Our fee-based businesses continued to generate strong profitability. Advice & Wealth Management in particular led the way with a record high for retail client assets, strong net inflows into investment advisory accounts, as well as very good advisor productivity.”

“Our capital management actions continue to reflect the strength of our financial foundation and significant free cash flow generation, as well as our consistent investment in the business and approach to capital return. We delivered a differentiated operating return on equity of 22.2 percent at year end, or 24.6 percent when excluding annual unlocking. I am pleased to add that 2016 was the sixth consecutive year where we returned more than 100 percent of our operating earnings to shareholders while consistently investing in the business.”

Ameriprise Financial, Inc.

Fourth Quarter and Full Year Summary

	Quarter Ended December 31,				% Better/		Per Diluted Share Quarter Ended December 31,				% Better/
(in millions, except per share amounts, unaudited)	2016		2015		(Worse)		2016		2015		(Worse)
Net income attributable to Ameriprise Financial	$	400	$	357	12	%	$	2.46	$	2.00	23	%
Adjustments, net of tax (1) (see reconciliation on p. 14)	43		84				0.27		0.47
Operating earnings (2)	$	443	$	441	—	%	$	2.73	$	2.47	11	%
Weighted average common shares outstanding:
Basic	160.4		176.6
Diluted	162.4		178.9

(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 investment gains or losses, net of deferred sales inducement costs (“DSIC”) and deferred acquisition costs (“DAC”) amortization, unearned revenue amortization and the reinsurance accrual; integration and restructuring charges; 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 related DAC amortization, unearned revenue amortization, and the reinsurance accrual; the market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments; and income or loss from discontinued operations.

Results in the quarter included a number of notable items that are discussed in the segment commentary and detailed in a table on page 13.

Taxes

The operating effective tax rate in the quarter was 17.2 percent and included an unanticipated benefit from tax audit settlements related to the 1997 to 2011 federal returns. Excluding the tax settlements, the effective tax rate was 22.2 percent in the quarter.

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Fourth Quarter 2016 Highlights

Ameriprise is a diversified financial services leader with a strong financial foundation

·Total assets under management and administration increased to $787 billion as Ameriprise advisor client net inflows and market appreciation more than offset asset management net outflows and the unfavorable impact of foreign exchange rates.

·The company continued its shift to less capital intensive businesses with 69 percent of pretax operating earnings from Advice & Wealth Management and Asset Management.

·The company continued to deliver a differentiated level of capital return to shareholders while continuing to invest in the business. In 2016, the company returned over 150 percent of operating earnings to shareholders, which included dividends and repurchasing $1.7 billion of shares of its common stock.

·In the quarter, the company repurchased 3.8 million shares of common stock for $402 million and paid $121 million in quarterly dividends. Excess capital was approximately $2 billion at year end.

Leading U.S. wealth manager with a growing base of fee-based assets and expanding margins

·Advice & Wealth Management advisor client assets increased to a record $479 billion, reflecting continued strength in fee-based investment advisory (wrap) net inflows, with net inflows of $3.3 billion in the quarter bringing platform AUM to $201 billion, one of the largest in the industry.

·Ameriprise ended the year with approximately 9,700 advisors and maintains strong advisor retention as well as ongoing experienced advisor recruiting. The company added 77 experienced advisors in the quarter.

·On a trailing 12-month basis, operating net revenue per advisor increased 1 percent to $518,000 reflecting higher advisory fee revenue from growth in advisory assets.

·For the quarter, pretax operating margin in Advice & Wealth Management increased to 19.3 percent from 16.6 percent a year ago. For the full year, pretax operating margin increased to 18.1 percent from 17.1 percent in 2015.

High-quality Annuities and Protection businesses serving the needs of our wealth management clients

·Variable annuities, which provide an important solution for income in retirement for our clients, had policyholder account balances of $75 billion with sales of $1.1 billion in the quarter.

·Life insurance in force remained level at $196 billion.

Scalable global asset management platform with broad capabilities

·Asset Management segment AUM declined to $454 billion reflecting an unfavorable foreign exchange translation as market appreciation offset net outflows.

·At year end, the company had 112 four- and five-star Morningstar rated equity, fixed income and multi-asset funds.

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Values-based, client-focused firm

·Ameriprise ranked #1 in the investment industry in Temkin Group’s 2016 Net Promoter Score Benchmark Study.

·Ameriprise is a top performer in customer ratings based on “unbiased and puts my interest first” in the investment firm category in the Hearts and Wallets 2016 Wants and Pricing survey.

·For the 11th consecutive year, Ameriprise received a 100% score on the Human Rights Campaign Corporate Equality Index.

·Nearly 10,000 Ameriprise employees, advisors, and clients volunteered to support Americans struggling with hunger as part of the company’s National Day of Service.

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Ameriprise Financial, Inc.

Advice & Wealth Management Segment Operating Results

	Quarter Ended December 31,						% Better/
(in millions, unaudited)	2016			2015			(Worse)
Advice & Wealth Management
Net revenues	$	1,316		$	1,266		4	%
Expenses	1,062			1,056			(1	)%
Pretax operating earnings	$	254		$	210		21	%
Pretax operating margin	19.3		%	16.6		%

	Quarter Ended December 31,				% Better/
	2016		2015		(Worse)
Retail client assets (billions)	$	479	$	447	7	%
Wrap net flows (billions)	$	3.3	$	2.1	58	%
Brokerage cash balance (billions)	$	26.8	$	23.5	14	%
Operating net revenue per branded advisor (trailing 12 months - thousands)	$	518	$	514	1	%

Advice & Wealth Management pretax operating earnings increased 21 percent to $254 million driven by asset growth, higher earnings on cash balances and well controlled expenses. This resulted in strong margin expansion with fourth quarter 2016 pretax operating margin at a record 19.3 percent, up from 16.6 percent a year ago. For the full year, pretax operating margin increased to 18.1 percent from 17.1 percent.

Operating net revenues of $1.3 billion increased 4 percent from inflows into wrap accounts and higher earnings on cash balances. Client asset growth remains good as the company continues to experience a shift reflecting higher growth rates in fee-based wrap assets compared to brokerage.

Operating expenses increased 1 percent to $1.1 billion primarily from higher distribution expenses related to growth in wrap accounts. General and administrative expenses were down 5 percent compared to a year ago, reflecting strong expense controls.

Total retail client assets increased to a record $479 billion, driven by client net inflows, client acquisition and market appreciation. Wrap net inflows were $3.3 billion in the quarter, which contributed to an 11 percent year-over-year increase in balances to $201 billion. Client cash balances increased 14 percent to a record $26.8 billion and certificates balances grew to $5.9 billion. Total advisors were 9,675 reflecting strong retention and another successful recruiting quarter, with 77 experienced advisors moving their practices to Ameriprise. Operating net revenue per advisor increased 1 percent on a trailing 12-month basis to $518,000.

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Ameriprise Financial, Inc.

Asset Management Segment Operating Results

	Quarter Ended December 31,						% Better/
(in millions, unaudited)	2016			2015			(Worse)
Asset Management
Net revenues	$	761		$	833		(9	)%
Expenses	592			640			8	%
Pretax operating earnings	$	169		$	193		(12	)%
Pretax operating margin	22.2		%	23.2		%
Adjusted net pretax operating margin (1)	36.5		%	36.3		%

	Quarter Ended December 31,						% Better/
	2016			2015			(Worse)
Item included in operating earnings:
Net performance fees	$	6		$	32		(81	)%
Total segment AUM (billions)	$	454		$	472		(4	)%
Net Flows (billions)
Global Retail net new flows, excl. former parent flows	$	(3.9	)	$	(1.4	)	NM
Reinvested dividends	4.4			8.6			(49	)%
Global Retail net flows, excl. former parent flows	0.5			7.2			(93	)%
Global Institutional net flows, excl. former parent flows	(0.7		)	(1.2		)	45	%
Former parent company related net new flows	(1.9		)	(6.7		)	72	%
Total segment net flows	$	(2.1	)	$	(0.7	)	NM

(1)See reconciliation on page 16

NM  Not Meaningful — variance equal to or greater than 100%

Asset Management reported solid pretax operating earnings of $169 million. Results included a benefit from market appreciation that was more than offset by the cumulative impact of net outflows, as well as lower performance fees and CLO liquidation benefits than a year ago. Fourth quarter margin reflected effective expense management—pretax operating margin was 22.2 percent compared to 23.2 percent a year ago. Adjusted net pretax operating margin remains competitive at 36.5 percent compared to 36.3 percent a year ago.

Adjusting for $18 billion of unfavorable foreign exchange translation, AUM was unchanged year-over-year at $454 billion.

Operating net revenues declined to $761 million compared to a year ago, reflecting the impact of lower asset levels and higher performance fees and CLO liquidation benefits in the prior year period.

Operating expenses of $592 million declined 8 percent due to well managed general and administrative expenses, lower distribution expenses and the impact of foreign exchange rates.

Net outflows were $2.1 billion in the quarter. Retail net inflows, excluding former parent flows, were $500 million. Global retail net flows included $4.4 billion of reinvested dividends, elevated outflows in North America consistent with industry outflows for active strategies and lower retail activity among UK and European investors post the Brexit vote. Global institutional outflows, excluding former parent, were $700 million reflecting a slowdown in funding of global institutional mandates in the quarter, which is expected to improve in the first half of 2017. Former parent company related outflows were $1.9 billion in the quarter.

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Ameriprise Financial, Inc.

Annuities Segment Operating Results

	Quarter Ended December 31,				% Better/
(in millions, unaudited)	2016		2015		(Worse)
Annuities
Net revenues	$	617	$	627	(2	)%
Expenses	490		475		(3	)%
Pretax operating earnings	$	127	$	152	(16	)%
Variable annuity pretax operating earnings	$	107	$	129	(17	)%
Fixed annuity pretax operating earnings	20		23		(13	)%
Total pretax operating earnings	$	127	$	152	(16	)%

	Quarter Ended December 31,						% Better/
	2016			2015			(Worse)
Item included in operating earnings:
Market impact on DAC and DSIC (mean reversion)	$	4		$	6		(33	)%
Variable annuity ending account balances (billions)	$	74.8		$	74.2		1	%
Variable annuity net flows (millions)	$	(732	)	$	(245	)	NM
Fixed annuity ending account balances (billions)	$	10.0		$	10.7		(6	)%
Fixed annuity net flows (millions)	$	(251	)	$	(296	)	15	%

NM  Not Meaningful — variance equal to or greater than 100%

Annuities pretax operating earnings were $127 million compared to $152 million a year ago, primarily reflecting the ongoing impacts of assumption changes made in the third quarter of 2016 unlocking for variable annuities as well as lower fixed annuity earnings.

Variable annuity operating earnings were $107 million compared to $129 million a year ago. Results included a net negative impact that had been anticipated from changes in assumptions in the third quarter unlocking process. Variable annuity cash sales declined to $1.1 billion in the quarter, reflecting recent industry trends. Account balances increased 1 percent from market appreciation, partially offset by net outflows.

Fixed annuity operating earnings decreased to $20 million from $23 million reflecting fixed annuity spread compression from continued low interest rates and lower account balances. Account balances declined 6 percent from limited new product sales and lapses of older policies.

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Ameriprise Financial, Inc.

Protection Segment Operating Results

	Quarter Ended December 31,				% Better/
(in millions, unaudited)	2016		2015		(Worse)
Protection
Net revenues	$	615	$	608	1	%
Expenses	556		573		3	%
Pretax operating earnings	$	59	$	35	69	%

	Quarter Ended December 31,						% Better/
	2016			2015			(Worse)
Items included in operating earnings:
Market impact on DAC (mean reversion)	$	—		$	—		NM
Auto & Home reserve changes	12			(57		)	NM
Auto & Home catastrophe losses	(15		)	(8		)	(88	)%
Long term care adjustments	(10		)	—			NM
Life insurance assumption change	—			28			NM
Total protection impact	$	(13	)	$	(37	)	65	%
Life insurance in force (billions)	$	196		$	196		—	%
VUL/UL ending account balances (billions)	$	11.5		$	11.2		3	%
Auto & Home policies in force (thousands)	943			957			(1	)%

NM  Not Meaningful — variance equal to or greater than 100%

Protection pretax operating earnings were $59 million compared to $35 million a year ago.

Life and Health insurance earnings were lower than a year ago as the year ago period included a $28 million favorable life insurance assumption change and the current period included $10 million of unfavorable adjustments. Underlying results across the life and health products remain solid with claims experience within actuarial expectations. VUL/UL cash sales declined to $88 million and VUL/UL account balances increased 3 percent to $11.5 billion primarily from market appreciation.

Auto & Home earnings improved substantially in the quarter from improved loss performance trends that reflected changes made to pricing, underwriting and claims, as evidenced by an adjustment in reserves.

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Ameriprise Financial, Inc.

Corporate & Other Segment Operating Results

	Quarter Ended December 31,						% Better/
(in millions, unaudited)	2016			2015			(Worse)
Corporate & Other
Net revenues	$	(8	)	$	15		NM
Expenses	66			53			(25	)%
Pretax operating loss	$	(74	)	$	(38	)	(95	)%

	Quarter Ended December 31,					% Better/
	2016			2015		(Worse)
Items included in operating earnings:
DOL planning and implementation expenses	$	(11	)	$	—	NM
Severance expense	(12		)	—		NM
Total corporate impact	$	(23	)	$	—	NM

NM  Not Meaningful — variance equal to or greater than 100%

Corporate & Other pretax operating loss was $74 million for the quarter compared to a $38 million loss a year ago. Results in the quarter included $11 million of incremental expenses related to the planning and implementation of the Department of Labor’s fiduciary standard and $12 million related to severance expense reflecting the company’s expense discipline.

Contacts

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

At Ameriprise Financial, we have been helping people feel confident about their financial future for 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

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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.

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:

·statements in this news release concerning the expected funding of mandates in the first half of 2017;

·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 or modified in connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act or in light of the U.S. Department of Labor 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;

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

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

·risks of default, capacity constraint or repricing by issuers or guarantors of investments the company owns or by counterparties to hedge, derivative, insurance or reinsurance arrangements or by manufacturers of products the company distributes, experience deviations from the company’s assumptions regarding such risks, the evaluations or the prospect of changes in evaluations of any such third parties published by rating agencies or other analysts, and the reactions of other market 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 (such as the June 2016 UK referendum on membership in the European Union and the uncertain regulatory environment in the U.S. after the recent U.S. election), 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”

11

discussion under Part 1, Item 1A of and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2015 available at ir.ameriprise.com and the “Risk Factors” discussion included in Part II, Item 1A and elsewhere in our Quarterly Reports on Form 10-Q for the quarters ended September 30, 2016, June 30, 2016 and March 31, 2016.

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 Annual Report on Form 10-K for the year ended December 31, 2016. For information about Ameriprise Financial entities, please refer to the Fourth Quarter 2016 Statistical Supplement available at ir.ameriprise.com and the tables that follow in this news release.

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.

12

Ameriprise Financial, Inc.

After-tax(1) Items Included in Operating Earnings

(in millions, except per share amounts, unaudited)	Quarter Ended December 31, 2016			Per Diluted Share Quarter Ended December 31, 2016
Market impact on DAC/DSIC	$	3		$	0.02
Auto & Home catastrophe losses	$	(10	)	$	(0.06	)
Auto & Home reserve changes	$	8		$	0.05
Long term care adjustments	$	(7	)	$	(0.04	)
DOL planning and implementation expenses	$	(7	)	$	(0.04	)
Severance expense	$	(8	)	$	(0.05	)
Tax settlement	$	27		$	0.17

(1)All items except the Tax settlement are shown after-tax using the statutory tax rate of 35%.

13

Reconciliation Tables

Ameriprise Financial, Inc.

Reconciliation Table: Earnings

	Quarter Ended December 31,						Per Diluted Share Quarter Ended December 31,
(in millions, except per share amounts, unaudited)	2016			2015			2016			2015
Net income attributable to Ameriprise Financial	$	400		$	357		$	2.46		$	2.00
Less: Net income (loss) attributable to consolidated investment entities	(1		)	—			(0.01		)	—
Add: Integration/restructuring charges (1)	—			1			—			0.01
Add: Market impact on variable annuity guaranteed benefits (1)	138			139			0.85			0.77
Add: Market impact on indexed universal life benefits (1)	(5		)	(1		)	(0.03		)	(0.01		)
Add: Market impact of hedges on investments (1)	(57		)	(11		)	(0.35		)	(0.06		)
Add: Net realized investment (gains) losses (1)	(11		)	1			(0.07		)	0.01
Add: Tax effect of adjustments (2)	(23		)	(45		)	(0.14		)	(0.25		)
Operating earnings	$	443		$	441		$	2.73		$	2.47
Weighted average common shares outstanding:
Basic	160.4			176.6
Diluted	162.4			178.9

(1)Pretax operating adjustment

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

Ameriprise Financial, Inc.

Reconciliation Table: Earnings

	Year Ended December 31,						Per Diluted Share Year Ended December 31,
(in millions, except per share amounts, unaudited)	2016			2015			2016			2015
Net income attributable to Ameriprise Financial	$	1,314		$	1,562		$	7.81		$	8.48
Less: Net income (loss) attributable to consolidated investment entities	(2		)	—			(0.01		)	—
Add: Integration/restructuring charges (1)	—			5			—			0.03
Add: Market impact on variable annuity guaranteed benefits (1)	216			214			1.28			1.16
Add: Market impact on indexed universal life benefits (1)	(36		)	1			(0.21		)	0.01
Add: Market impact of hedges on investments (1)	(3		)	21			(0.02		)	0.11
Add: Net realized investment (gains) losses (1)	(6		)	(4		)	(0.03		)	(0.02		)
Add: Tax effect of adjustments (2)	(60		)	(83		)	(0.36		)	(0.45		)
Operating earnings	1,427			1,716			8.48			9.32
Less: Pretax impact of unlocking	(235		)	42			(1.40		)	0.23
Less: Tax effect of unlocking (2)	82			(15		)	0.48			(0.08		)
Operating earnings excluding unlocking	$	1,580		$	1,689		$	9.40		$	9.17
Weighted average common shares outstanding:
Basic	166.3			181.7
Diluted	168.2			184.2

(1)Pretax operating adjustment

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

14

Ameriprise Financial, Inc.

Reconciliation Table: Total Net Revenues

	Quarter Ended December 31,
(in millions, unaudited)	2016		2015
Total net revenues	$	3,062	$	3,103
Less: CIEs revenue	51		113
Less: Net realized investment gains (losses)	11		(1		)
Less: Market impact on indexed universal life benefits	6		2
Less: Market impact of hedges on investments	57		11
Operating total net revenues	$	2,937	$	2,978

Ameriprise Financial, Inc.

Reconciliation Table: Total Expenses

	Quarter Ended December 31,
(in millions, unaudited)	2016		2015
Total expenses	$	2,593	$	2,657
Less: CIEs expenses	52		90
Less: Integration/restructuring charges	—		1
Less: Market impact on variable annuity guaranteed benefits	138		139
Less: Market impact on indexed universal life benefits	1		1
Operating expenses	$	2,402	$	2,426

Ameriprise Financial, Inc.

Reconciliation Table: Pretax Operating Earnings

	Quarter Ended December 31,
(in millions, unaudited)	2016		2015
Operating total net revenues	$	2,937	$	2,978
Operating expenses	2,402		2,426
Pretax operating earnings	$	535	$	552

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

	Quarter Ended December 31,
(in millions, unaudited)	2016		2015
General and administrative expense	$	756	$	794
Less: CIEs expenses	—		8
Less: Integration/restructuring charges	—		1
Operating general and administrative expense	$	756	$	785

15

Ameriprise Financial, Inc.
Reconciliation Table: Effective Tax Rate

	Quarter Ended December 31, 2016
(in millions, unaudited)	GAAP			Operating
Pretax income	$	469		$	535
Income tax provision	$	69		$	92
Less: Tax settlement	(27		)	(27		)
Income tax provision excluding tax settlement	$	96		$	119
Effective tax rate	14.5		%	17.2		%
Effective tax rate excluding tax settlement	20.5		%	22.2		%

Ameriprise Financial, Inc.

Reconciliation Table: Asset Management Adjusted Net Pretax Operating Margin

	Quarter Ended December 31,
(in millions, unaudited)	2016			2015
Operating total net revenues	$	761		$	833
Less: Distribution pass through revenues	204			211
Less: Subadvisory and other pass through revenues	94			107
Adjusted operating revenues	$	463		$	515
Pretax operating earnings	$	169		$	193
Less: Operating net investment income	5			12
Add: Amortization of intangibles	5			6
Adjusted operating earnings	$	169		$	187
Pretax operating margin	22.2		%	23.2		%
Adjusted net pretax operating margin	36.5		%	36.3		%

16

Ameriprise Financial, Inc.

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

	Twelve Months Ended December 31,
(in millions, unaudited)	2016			2015
Net income attributable to Ameriprise Financial	$	1,314		$	1,562
Less: Adjustments (1)	(113		)	(154		)
Operating earnings	1,427			$	1,716
Less: Unlocking, net of tax (2)	(153		)	27
Operating earnings excluding unlocking	$	1,580		$	1,689
Total Ameriprise Financial, Inc. shareholders’ equity	$	6,877		$	7,782
Less: Accumulated other comprehensive income, net of tax	426			516
Total Ameriprise Financial, Inc. shareholders’ equity excluding AOCI	6,451			7,266
Less: Equity impacts attributable to the consolidated investment entities	27			216
Operating equity	$	6,424		$	7,050
Return on equity excluding AOCI	20.4		%	21.5		%
Operating return on equity excluding AOCI (3)	22.2		%	24.3		%
Operating return on equity excluding AOCI and unlocking	24.6		%	24.0		%

(1)Adjustments reflect the trailing twelve months’ sum of after-tax net realized investment gains/losses, net of deferred sales inducement costs (“DSIC”) and deferred acquisition costs (“DAC”) amortization, unearned revenue amortization and the reinsurance accrual; 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; the market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments; integration/restructuring charges; and the impact of consolidating certain investment entities.  After-tax is calculated using the statutory tax rate of 35%.

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

(3)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 investment gains/losses, net of deferred sales inducement costs (“DSIC”) and deferred acquisition costs (“DAC”) amortization, unearned revenue amortization and the reinsurance accrual; 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; the market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments; integration/restructuring charges; the impact of consolidating certain investment entities; 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%.

17

Ameriprise Financial, Inc.

Consolidated GAAP Results

	Quarter Ended December 31,				% Better/
(in millions, unaudited)	2016		2015		(Worse)
Revenues
Management and financial advice fees	$	1,489	$	1,499	(1	)%
Distribution fees	457		458		—
Net investment income	486		460		6
Premiums	377		374		1
Other revenues	263		321		(18	)
Total revenues	3,072		3,112		(1	)
Banking and deposit interest expense	10		9		(11	)
Total net revenues	3,062		3,103		(1	)
Expenses
Distribution expenses	831		816		(2	)
Interest credited to fixed accounts	158		165		4
Benefits, claims, losses and settlement expenses	712		714		—
Amortization of deferred acquisition costs	55		52		(6	)
Interest and debt expense	81		116		30
General and administrative expense	756		794		5
Total expenses	2,593		2,657		2
Pretax income	469		446		5
Income tax provision	69		66		(5	)
Net income	400		380		5
Less: Net income attributable to noncontrolling interests	—		23		NM
Net income attributable to Ameriprise Financial	$	400	$	357	12

NM  Not Meaningful — variance equal to or greater than 100%

18

Ameriprise Financial, Inc.

Consolidated GAAP Results

	Year Ended December 31,				% Better/
(in millions, unaudited)	2016		2015		(Worse)
Revenues
Management and financial advice fees	$	5,778	$	5,950	(3	)%
Distribution fees	1,795		1,847		(3	)
Net investment income	1,576		1,688		(7	)
Premiums	1,491		1,455		2
Other revenues	1,095		1,260		(13	)
Total revenues	11,735		12,200		(4	)
Banking and deposit interest expense	39		30		(30	)
Total net revenues	11,696		12,170		(4	)
Expenses
Distribution expenses	3,202		3,276		2
Interest credited to fixed accounts	623		668		7
Benefits, claims, losses and settlement expenses	2,646		2,261		(17	)
Amortization of deferred acquisition costs	415		354		(17	)
Interest and debt expense	241		387		38
General and administrative expense	2,977		3,082		3
Total expenses	10,104		10,028		(1	)
Pretax income	1,592		2,142		(26	)
Income tax provision	278		455		39
Net income	1,314		1,687		(22	)
Less: Net income attributable to noncontrolling interests	—		125		NM
Net income attributable to Ameriprise Financial	$	1,314	$	1,562	(16	)

NM  Not Meaningful — variance equal to or greater than 100%

19

EX-99.2

Exhibit 99.2

Statistical Supplement Package

(unaudited)

Fourth Quarter 2016

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
Global Asset Management Products	17
Retail Fund Performance - Columbia	18
Retail Fund Performance - Threadneedle	19
Annuities Segment
Segment Operating Income Statements	21
Segment Metrics	22
Protection Segment
Segment Operating Income Statements	24
Segment Metrics	25
Corporate & Other Segment
Segment Operating Income Statements	27
Eliminations
Operating Income Statements	28
Balance Sheet and Ratings Information
Consolidated Balance Sheets	30
Capital and Ratings Information	31
Investments	32
Non-GAAP Financial Information	33
Glossary of Selected Terminology
Glossary of Selected Terminology - Segments	34
Glossary of Selected Terminology	35
Exhibit A
Disclosed Items	38
Exhibit B
Non-GAAP Financial Measure Reconciliations	44

2

Statistical Supplement Package

(unaudited)

Fourth Quarter 2016

Consolidated Results

3

Ameriprise Financial, Inc.

Statistical Supplement Presentation

Fourth Quarter 2016

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 investment gains or losses, net of deferred sales inducement costs (“DSIC”) and deferred acquisition costs (“DAC”) amortization, unearned revenue amortization and the reinsurance accrual; the market impact on variable annuity guaranteed benefits, net of hedges and the 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; the market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments; 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

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except per share amounts, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	1,499		$	1,386		$	1,439		$	1,464		$	1,489		$	5,950		$	5,778		$	(10	)	(1	)%	$	(172	)	(3	)%	$	25		2	%
Distribution fees	458			435			448			455			457			1,847			1,795			(1		)	—		(52		)	(3	)%	2			—
Net investment income	460			331			372			387			486			1,688			1,576			26			6	%	(112		)	(7	)%	99			26	%
Premiums	374			368			372			374			377			1,455			1,491			3			1	%	36			2	%	3			1	%
Other revenues	321			254			248			330			263			1,260			1,095			(58		)	(18	)%	(165		)	(13	)%	(67		)	(20	)%
Total revenues	3,112			2,774			2,879			3,010			3,072			12,200			11,735			(40		)	(1	)%	(465		)	(4	)%	62			2	%
Banking and deposit interest expense	9			9			8			12			10			30			39			1			11	%	9			30	%	(2		)	(17	)%
Total net revenues	3,103			2,765			2,871			2,998			3,062			12,170			11,696			(41		)	(1	)%	(474		)	(4	)%	64			2	%
Expenses
Distribution expenses	816			770			803			798			831			3,276			3,202			15			2	%	(74		)	(2	)%	33			4	%
Interest credited to fixed accounts	165			146			158			161			158			668			623			(7		)	(4	)%	(45		)	(7	)%	(3		)	(2	)%
Benefits, claims, losses and settlement expenses	714			482			597			855			712			2,261			2,646			(2		)	—		385			17	%	(143		)	(17	)%
Amortization of deferred acquisition costs	52			110			87			163			55			354			415			3			6	%	61			17	%	(108		)	(66	)%
Interest and debt expense	116			55			53			52			81			387			241			(35		)	(30	)%	(146		)	(38	)%	29			56	%
General and administrative expense	794			727			763			731			756			3,082			2,977			(38		)	(5	)%	(105		)	(3	)%	25			3	%
Total expenses	2,657			2,290			2,461			2,760			2,593			10,028			10,104			(64		)	(2	)%	76			1	%	(167		)	(6	)%
Pretax income	446			475			410			238			469			2,142			1,592			23			5	%	(550		)	(26	)%	231			97	%
Income tax provision	66			111			75			23			69			455			278			3			5	%	(177		)	(39	)%	46			#
Net income	380			364			335			215			400			1,687			1,314			20			5	%	(373		)	(22	)%	185			86	%
Less: Net income (loss) attributable to noncontrolling interests	23			—			—			—			—			125			—			(23		)	#		(125		)	#		—			—
Net income attributable to Ameriprise Financial	$	357		$	364		$	335		$	215		$	400		$	1,562		$	1,314		$	43		12	%	$	(248	)	(16	)%	$	185		86	%
Net Investment Income
Investment income on fixed maturities	$	348		$	343		$	343		$	342		$	340		$	1,403		$	1,368		$	(8	)	(2	)%	$	(35	)	(2	)%	$	(2	)	(1	)%
Realized investment gains (losses)	(1		)	(16		)	5			6			11			4			6			12			#		2			50	%	5			83	%
Affordable housing	7			(7		)	(11		)	(17		)	(9		)	(18		)	(44		)	(16		)	#		(26		)	#		8			47	%
Other (including seed money)	36			(17		)	5			25			78			68			91			42			#		23			34	%	53			#
Consolidated investment entities	70			28			30			31			66			231			155			(4		)	(6	)%	(76		)	(33	)%	35			#
Total net investment income	$	460		$	331		$	372		$	387		$	486		$	1,688		$	1,576		$	26		6	%	$	(112	)	(7	)%	$	99		26	%
Earnings Per Share
Basic earnings per share	$	2.02		$	2.11		$	1.99		$	1.31		$	2.49		$	8.60		$	7.90		$	0.47		23	%	$	(0.70	)	(8	)%	$	1.18		90	%
Earnings per diluted share	$	2.00		$	2.09		$	1.97		$	1.30		$	2.46		$	8.48		$	7.81		$	0.46		23	%	$	(0.67	)	(8	)%	$	1.16		89	%
Earnings per diluted share growth	(10.3		)%	0.5		%	(11.7		)%	(40.1		)%	23.0		%	2.0		%	(7.9		)%	33.3		%			(9.9		)%			63.1		%
Weighted average common shares outstanding
Basic weighted average common shares outstanding	176.6			172.6			168.3			164.0			160.4			181.7			166.3			(16.2		)	(9	)%	(15.4		)	(8	)%	(3.6		)	(2	)%
Effect of potentially dilutive nonqualified stock options and other share-based awards	2.3			1.8			1.8			1.8			2.0			2.5			1.9			(0.3		)	(13	)%	(0.6		)	(24	)%	0.2			11	%
Diluted weighted average common shares outstanding	178.9			174.4			170.1			165.8			162.4			184.2			168.2			(16.5		)	(9	)%	(16.0		)	(9	)%	(3.4		)	(2	)%
Metrics
Net revenue growth	0.5		%	(9.4		)%	(8.2		)%	3.9		%	(1.3		)%	(0.8		)%	(3.9		)%	(1.8		)%			(3.1		)%			(5.2		)%
Pretax income margin	14.4		%	17.2		%	14.3		%	7.9		%	15.3		%	17.6		%	13.6		%	0.9		%			(4.0		)%			7.4		%
Effective tax rate	14.8		%	23.3		%	18.4		%	9.7		%	14.5		%	21.3		%	17.4		%	(0.3		)%			(3.9		)%			4.8		%
Effective tax rate excluding noncontrolling interests (1)	15.6		%	23.3		%	18.4		%	9.7		%	14.5		%	22.6		%	17.4		%	(1.1		)%			(5.2		)%			4.8		%
Ameriprise Financial shareholders’ equity / outstanding shares (2)	$	41.19		$	41.50		$	42.60		$	41.76		$	39.70		$	41.19		$	39.70		$	(1.49	)	(4	)%	$	(1.49	)	(4	)%	$	(2.06	)	(5	)%
Ameriprise Financial shareholders’ equity excluding AOCI / outstanding shares (1)(3)	$	39.74		$	38.90		$	38.75		$	38.09		$	38.44		$	39.74		$	38.44		$	(1.30	)	(3	)%	$	(1.30	)	(3	)%	$	0.35		1	%

(1) See non-GAAP financial information on pg 33.  Non-GAAP financial measure reconciliations can be found on pages 44 and 45.

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

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

# Variance equal to or greater than 100%.

5

Ameriprise Financial, Inc.

Consolidated Operating Results and Highlights

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions except per share amounts, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Revenues
Total net revenues	$	3,103		$	2,765		$	2,871		$	2,998		$	3,062		$	12,170		$	11,696		$	(41	)	(1	)%	$	(474	)	(4	)%	$	64		2	%
Less revenues attributable to the CIEs	113			24			26			27			51			446			128			(62		)	(55	)%	(318		)	(71	)%	24			89	%
Less net realized investment gains (losses) (1)	(1		)	(16		)	5			6			11			4			6			12			#		2			50	%	5			83	%
Less market impact on indexed universal life benefits (1)	2			9			3			6			6			7			24			4			#		17			#		—			—
Less market impact of hedges on investments	11			(40		)	(19		)	5			57			(21		)	3			46			#		24			#		52			#
Operating total net revenues (2)	$	2,978		$	2,788		$	2,856		$	2,954		$	2,937		$	11,734		$	11,535		$	(41	)	(1	)%	$	(199	)	(2	)%	$	(17	)	(1	)%
Earnings
Net income attributable to Ameriprise Financial	$	357		$	364		$	335		$	215		$	400		$	1,562		$	1,314		$	43		12	%	$	(248	)	(16	)%	$	185		86	%
Less net income (loss) attributable to the CIEs	—			(1		)	—			—			(1		)	—			(2		)	(1		)	—		(2		)	—		(1		)	—
Integration/restructuring charges (3)	1			—			—			—			—			5			—			(1		)	#		(5		)	#		—			—
Market impact on variable annuity guaranteed benefits (1)(3)	139			(17		)	58			37			138			214			216			(1		)	(1	)%	2			1	%	101			#
Market impact on indexed universal life benefits (1)(3)	(1		)	(19		)	(5		)	(7		)	(5		)	1			(36		)	(4		)	#		(37		)	#		2			29	%
Market impact of hedges on investments (3)	(11		)	40			19			(5		)	(57		)	21			(3		)	(46		)	#		(24		)	#		(52		)	#
Less net realized investment gains (losses) (1)(3)	(1		)	(16		)	5			6			11			4			6			12			#		2			50	%	5			83	%
Tax effect of adjustments (4)	(45		)	(7		)	(23		)	(7		)	(23		)	(83		)	(60		)	22			49	%	23			28	%	(16		)	#
Operating earnings (2)	$	441		$	378		$	379		$	227		$	443		$	1,716		$	1,427		$	2		—		$	(289	)	(17	)%	$	216		95	%
Pretax Earnings
Pretax income	$	446		$	475		$	410		$	238		$	469		$	2,142		$	1,592		$	23		5	%	$	(550	)	(26	)%	$	231		97	%
Less pretax income (loss) attributable to the CIEs	23			(2		)	1			—			(1		)	125			(2		)	(24		)	#		(127		)	#		(1		)	—
Integration/restructuring charges	1			—			—			—			—			5			—			(1		)	#		(5		)	#		—			—
Market impact on variable annuity guaranteed benefits (1)	139			(17		)	58			37			138			214			216			(1		)	(1	)%	2			1	%	101			#
Market impact on indexed universal life benefits (1)	(1		)	(19		)	(5		)	(7		)	(5		)	1			(36		)	(4		)	#		(37		)	#		2			29	%
Market impact of hedges on investments	(11		)	40			19			(5		)	(57		)	21			(3		)	(46		)	#		(24		)	#		(52		)	#
Less net realized investment gains (losses) (1)	(1		)	(16		)	5			6			11			4			6			12			#		2			50	%	5			83	%
Pretax operating earnings (2)	$	552		$	497		$	476		$	257		$	535		$	2,254		$	1,765		$	(17	)	(3	)%	$	(489	)	(22	)%	$	278		#
Pretax Operating Margin (2)(5)	18.5		%	17.8		%	16.7		%	8.7		%	18.2		%	19.2		%	15.3		%	(0.3		)%			(3.9		)%			9.5		%
Operating Effective Tax Rate (2)(6)	20.1		%	23.9		%	20.4		%	11.7		%	17.2		%	23.9		%	19.2		%	(2.9		)%			(4.7		)%			5.5		%
Weighted Average Common Shares Outstanding
Basic	176.6			172.6			168.3			164.0			160.4			181.7			166.3			(16.2		)	(9	)%	(15.4		)	(8	)%	(3.6		)	(2	)%
Diluted	178.9			174.4			170.1			165.8			162.4			184.2			168.2			(16.5		)	(9	)%	(16.0		)	(9	)%	(3.4		)	(2	)%
Operating Earnings Per Share (2)
Basic operating earnings per share	$	2.50		$	2.19		$	2.25		$	1.38		$	2.76		$	9.44		$	8.58		$	0.26		10	%	$	(0.86	)	(9	)%	$	1.38		#
Operating earnings per diluted share	$	2.47		$	2.17		$	2.23		$	1.37		$	2.73		$	9.32		$	8.48		$	0.26		11	%	$	(0.84	)	(9	)%	$	1.36		99	%
Return on Equity
Return on equity excluding AOCI (2)(6)	21.5		%	21.6		%	21.1		%	19.1		%	20.4		%	21.5		%	20.4		%	(1.1		)%			(1.1		)%			1.3		%
Operating return on equity excluding AOCI (2)(6)	24.3		%	24.3		%	24.0		%	21.6		%	22.2		%	24.3		%	22.2		%	(2.1		)%			(2.1		)%			0.6		%

(1) Operating adjustments for net realized investment gains (losses), market impact on indexed universal life benefits and market impact on variable annuity guaranteed benefits are net of the following impacts, as applicable:  hedges, DAC and DSIC amortization, unearned revenue amortization and the reinsurance accrual.

(2) See non-GAAP financial information on pg 33.

(3) Pretax operating adjustments

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

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

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

# Variance equal to or greater than 100%.

6

Ameriprise Financial, Inc.

Consolidated Operating Results and Highlights

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions except per share amounts, headcount and where noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Book Value
Ameriprise Financial shareholders’ equity excluding CIEs / outstanding shares (1)(2)	$	40.44		$	41.49		$	42.60		$	41.76		$	39.70		$	40.44		$	39.70		$	(0.74	)	(2	)%	$	(0.74	)	(2	)%	$	(2.06	)	(5	)%
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI / outstanding shares (1)(3)	$	38.95		$	38.90		$	38.75		$	38.09		$	38.44		$	38.95		$	38.44		$	(0.51	)	(1	)%	$	(0.51	)	(1	)%	$	0.35		1	%
Operating Metrics
Operating total net revenue growth: Target 6 - 8%	0.4		%	(3.8		)%	(4.3		)%	2.7		%	(1.4		)%	1.2		%	(1.7		)%	(1.8		)%			(2.9		)%			(4.1		)%
Operating earnings per diluted share growth: Target 12 - 15%	7.4		%	(0.5		)%	(4.3		)%	(41.7		)%	10.5		%	9.4		%	(9.0		)%	3.1		%			(18.4		)%			52.2		%
Operating return on equity excluding AOCI: Target 19 - 23% (1)	24.3		%	24.3		%	24.0		%	21.6		%	22.2		%	24.3		%	22.2		%	(2.1		)%			(2.1		)%			0.6		%
Debt to Capital
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	27.2		%	27.5		%	25.8		%	30.2		%	31.7		%	27.2		%	31.7		%	4.5		%			4.5		%			1.5		%
Goodwill and Intangible Assets	$	1,981		$	1,965		$	1,936		$	1,939		$	1,924		$	1,981		$	1,924		$	(57	)	(3	)%	$	(57	)	(3	)%	$	(15	)	(1	)%
Assets Under Management and Administration
Advice & Wealth Management AUM	$	179,574		$	182,276		$	188,590		$	196,186		$	199,712		$	179,574		$	199,712		$	20,138		11	%	$	20,138		11	%	$	3,526		2	%
Asset Management AUM	471,888			464,059			459,577			467,770			454,413			471,888			454,413			(17,475		)	(4	)%	(17,475		)	(4	)%	(13,357		)	(3	)%
Corporate AUM	670			372			367			354			346			670			346			(324		)	(48	)%	(324		)	(48	)%	(8		)	(2	)%
Eliminations	(23,074		)	(23,087		)	(24,056		)	(24,737		)	(24,841		)	(23,074		)	(24,841		)	(1,767		)	(8	)%	(1,767		)	(8	)%	(104		)	—
Total Assets Under Management	629,058			623,620			624,478			639,573			629,630			629,058			629,630			572			—		572			—		(9,943		)	(2	)%
Total Assets Under Administration	147,677			149,113			152,107			156,072			157,742			147,677			157,742			10,065			7	%	10,065			7	%	1,670			1	%
Total AUM and AUA	$	776,735		$	772,733		$	776,585		$	795,645		$	787,372		$	776,735		$	787,372		$	10,637		1	%	$	10,637		1	%	$	(8,273	)	(1	)%
Business Metrics
Total Ameriprise client assets	$	447,120		$	451,417		$	461,740		$	475,662		$	479,209		$	447,120		$	479,209		$	32,089		7	%	$	32,089		7	%	$	3,547		1	%
Total branded financial advisors	9,789			9,766			9,758			9,747			9,675			9,789			9,675			(114		)	(1	)%	(114		)	(1	)%	(72		)	(1	)%
Net Flows and Net Deposits
Branded advisor wrap	$	2,093		$	1,829		$	2,294		$	2,751		$	3,310		$	11,153		$	10,184		$	1,217		58	%	$	(969	)	(9	)%	$	559		20	%
Asset Management	(692		)	(7,465		)	(4,726		)	(4,349		)	(2,095		)	(15,843		)	(18,635		)	(1,403		)	#		(2,792		)	(18	)%	2,254			52	%
Annuities	(541		)	(560		)	(768		)	(890		)	(983		)	(3,026		)	(3,201		)	(442		)	(82	)%	(175		)	(6	)%	(93		)	(10	)%
Variable universal life / Universal life	(19		)	(48		)	(61		)	(57		)	(33		)	(157		)	(199		)	(14		)	(74	)%	(42		)	(27	)%	24			42	%
S&P 500
Daily average	2,052			1,952			2,074			2,161			2,185			2,061			2,094			133			6	%	33			2	%	24			1	%
Period end	2,044			2,060			2,099			2,168			2,239			2,044			2,239			195			10	%	195			10	%	71			3	%
Weighted Equity Index (WEI) (4)
Daily average	1,519			1,428			1,516			1,579			1,596			1,546			1,530			77			5	%	(16		)	(1	)%	17			1	%
Period end	1,507			1,506			1,527			1,591			1,637			1,507			1,637			130			9	%	130			9	%	46			3	%

(1) See non-GAAP financial information on pg 33.  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) Weighted Equity Index is an Ameriprise calculated proxy for equity market movements calculated using a weighted average of the S&P 500, Russell 2000, Russell Midcap and MSCI EAFE indices based on North America distributed equity assets.

# Variance equal to or greater than 100%.

7

Ameriprise Financial, Inc.

Common Share and Capital Summary

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Common shares
Beginning balance	175.0			171.0			166.8			162.2			158.5			183.1			171.0			(16.5		)	(9	)%	(12.1		)	(7	)%	(3.7		)	(2	)%
Repurchases	(4.1		)	(5.1		)	(4.7		)	(3.9		)	(3.8		)	(13.9		)	(17.5		)	0.3			7	%	(3.6		)	(26	)%	0.1			3	%
Issuances	0.1			1.1			0.2			0.3			0.3			2.7			1.9			0.2			#		(0.8		)	(30	)%	—			—
Other	—			(0.2		)	(0.1		)	(0.1		)	(0.2		)	(0.9		)	(0.6		)	(0.2		)	—		0.3			33	%	(0.1		)	#
Total common shares outstanding	171.0			166.8			162.2			158.5			154.8			171.0			154.8			(16.2		)	(9	)%	(16.2		)	(9	)%	(3.7		)	(2	)%
Restricted stock units	3.6			3.5			3.6			3.6			3.7			3.6			3.7			0.1			3	%	0.1			3	%	0.1			3	%
Total basic common shares outstanding	174.6			170.3			165.8			162.1			158.5			174.6			158.5			(16.1		)	(9	)%	(16.1		)	(9	)%	(3.6		)	(2	)%
Total potentially dilutive shares	2.2			1.7			1.8			1.8			2.2			2.2			2.2			—			—		—			—		0.4			22	%
Total diluted shares	176.8			172.0			167.6			163.9			160.7			176.8			160.7			(16.1		)	(9	)%	(16.1		)	(9	)%	(3.2		)	(2	)%
Capital Returned to Shareholders
Dividends paid	$	119		$	117		$	127		$	124		$	121		$	474		$	489		$	2		2	%	$	15		3	%	$	(3	)	(2	)%
Common stock share repurchases	$	450		$	451		$	444		$	378		$	402		$	1,674		$	1,675		$	(48	)	(11	)%	$	1		—		$	24		6	%
Allocated Capital (1)
Advice & Wealth Management	$	543		$	597		$	610		$	624		$	637		$	543		$	637		$	94		17	%	$	94		17	%	$	13		2	%
Asset Management	1,847			1,833			1,829			1,827			1,817			1,847			1,817			(30		)	(2	)%	(30		)	(2	)%	(10		)	(1	)%
Annuities	1,893			1,897			1,895			1,950			1,968			1,893			1,968			75			4	%	75			4	%	18			1	%
Protection	2,045			2,104			2,105			2,095			2,185			2,045			2,185			140			7	%	140			7	%	90			4	%
Corporate & Other	3,068			2,773			2,336			2,529			2,335			3,068			2,335			(733		)	(24	)%	(733		)	(24	)%	(194		)	(8	)%
Total allocated capital	$	9,396		$	9,204		$	8,775		$	9,025		$	8,942		$	9,396		$	8,942		$	(454	)	(5	)%	$	(454	)	(5	)%	$	(83	)	(1	)%

(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, unamortized discount, debt issuance costs and capital lease obligations.  Allocated capital is not adjusted for non-operating items except for CIEs.

#  Variance equal to or greater than 100%.

8

Statistical Supplement Package

(unaudited)

Fourth Quarter 2016

Segment Results

9

Ameriprise Financial, Inc.

Segment Summary

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Segment Summary
Advice & Wealth Management
Operating total net revenues	$	1,266		$	1,198		$	1,250		$	1,272		$	1,316		$	5,013		$	5,036		$	50		4	%	$	23		—		$	44		3	%
Operating expenses	1,056			993			1,029			1,041			1,062			4,154			4,125			6			1	%	(29		)	(1	)%	21			2	%
Pretax operating earnings	$	210		$	205		$	221		$	231		$	254		$	859		$	911		$	44		21	%	$	52		6	%	$	23		10	%
Allocated capital	$	543		$	597		$	610		$	624		$	637		$	543		$	637		$	94		17	%	$	94		17	%	$	13		2	%
Operating return on allocated capital (1)	125.0		%	121.3		%	119.4		%	121.2		%	123.9		%	125.0		%	123.9		%	(1.1		)%			(1.1		)%			2.7		%
Pretax operating margin	16.6		%	17.1		%	17.7		%	18.2		%	19.3		%	17.1		%	18.1		%	2.7		%			1.0		%			1.1		%
Asset Management
Operating total net revenues	$	833		$	724		$	739		$	740		$	761		$	3,254		$	2,964		$	(72	)	(9	)%	$	(290	)	(9	)%	$	21		3	%
Operating expenses	640			575			591			585			592			2,493			2,343			(48		)	(8	)%	(150		)	(6	)%	7			1	%
Pretax operating earnings	$	193		$	149		$	148		$	155		$	169		$	761		$	621		$	(24	)	(12	)%	$	(140	)	(18	)%	$	14		9	%
Allocated capital	$	1,847		$	1,833		$	1,829		$	1,827		$	1,817		$	1,847		$	1,817		$	(30	)	(2	)%	$	(30	)	(2	)%	$	(10	)	(1	)%
Operating return on allocated capital (1)	31.2		%	29.9		%	28.5		%	28.5		%	27.8		%	31.2		%	27.8		%	(3.4		)%			(3.4		)%			(0.7		)%
Pretax operating margin	23.2		%	20.6		%	20.0		%	20.9		%	22.2		%	23.4		%	21.0		%	(1.0		)%			(2.4		)%			1.3		%
Operating total net revenues	$	833		$	724		$	739		$	740		$	761		$	3,254		$	2,964		$	(72	)	(9	)%	$	(290	)	(9	)%	$	21		3	%
Distribution pass thru revenues	(211		)	(199		)	(203		)	(211		)	(204		)	(862		)	(817		)	7			3	%	45			5	%	7			3	%
Subadvisory and other pass thru revenues	(107		)	(87		)	(88		)	(85		)	(94		)	(407		)	(354		)	13			12	%	53			13	%	(9		)	(11	)%
Adjusted operating revenues (2)	$	515		$	438		$	448		$	444		$	463		$	1,985		$	1,793		$	(52	)	(10	)%	$	(192	)	(10	)%	$	19		4	%
Pretax operating earnings	$	193		$	149		$	148		$	155		$	169		$	761		$	621		$	(24	)	(12	)%	$	(140	)	(18	)%	$	14		9	%
Operating net investment income	(12		)	(3		)	(5		)	(1		)	(5		)	(23		)	(14		)	7			58	%	9			39	%	(4		)	#
Amortization of intangibles	6			6			5			5			5			27			21			(1		)	(17	)%	(6		)	(22	)%	—			—
Adjusted operating earnings (2)	$	187		$	152		$	148		$	159		$	169		$	765		$	628		$	(18	)	(10	)%	$	(137	)	(18	)%	$	10		6	%
Adjusted net pretax operating margin (2)(3)	36.3		%	34.7		%	33.0		%	35.8		%	36.5		%	38.5		%	35.0		%	0.2		%			(3.5		)%			0.7		%
Annuities
Operating total net revenues	$	627		$	596		$	619		$	631		$	617		$	2,541		$	2,463		$	(10	)	(2	)%	$	(78	)	(3	)%	$	(14	)	(2	)%
Operating expenses	475			472			473			699			490			1,891			2,134			15			3	%	243			13	%	(209		)	(30	)%
Pretax operating earnings	$	152		$	124		$	146		$	(68	)	$	127		$	650		$	329		$	(25	)	(16	)%	$	(321	)	(49	)%	$	195		#
Allocated capital	$	1,893		$	1,897		$	1,895		$	1,950		$	1,968		$	1,893		$	1,968		$	75		4	%	$	75		4	%	$	18		1	%
Operating return on allocated capital(1)	25.5		%	24.1		%	24.5		%	14.3		%	13.3		%	25.5		%	13.3		%	(12.2		)%			(12.2		)%			(1.0		)%
Pretax operating margin	24.2		%	20.8		%	23.6		%	(10.8		)%	20.6		%	25.6		%	13.4		%	(3.6		)%			(12.2		)%			31.4		%
Protection
Operating total net revenues	$	608		$	608		$	604		$	679		$	615		$	2,384		$	2,506		$	7		1	%	$	122		5	%	$	(64	)	(9	)%
Operating expenses	573			539			567			668			556			2,201			2,330			(17		)	(3	)%	129			6	%	(112		)	(17	)%
Pretax operating earnings	$	35		$	69		$	37		$	11		$	59		$	183		$	176		$	24		69	%	$	(7	)	(4	)%	$	48		#
Allocated capital	$	2,045		$	2,104		$	2,105		$	2,095		$	2,185		$	2,045		$	2,185		$	140		7	%	$	140		7	%	$	90		4	%
Operating return on allocated capital (1)	6.9		%	7.6		%	6.3		%	5.8		%	6.7		%	6.9		%	6.7		%	(0.2		)%			(0.2		)%			0.9		%
Pretax operating margin	5.8		%	11.3		%	6.1		%	1.6		%	9.6		%	7.7		%	7.0		%	3.8		%			(0.7		)%			8.0		%
Corporate & Other
Operating total net revenues	$	15		$	2		$	(7	)	$	(15	)	$	(8	)	$	3		$	(28	)	$	(23	)	#		$	(31	)	#		$	7		47	%
Operating expenses	53			52			69			57			66			202			244			13			25	%	42			21	%	9			16	%
Pretax operating loss	$	(38	)	$	(50	)	$	(76	)	$	(72	)	$	(74	)	$	(199	)	$	(272	)	$	(36	)	(95	)%	$	(73	)	(37	)%	$	(2	)	(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)See non-GAAP financial information on pg 33.

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

# Variance equal to or greater than 100%.

10

Statistical Supplement Package

(unaudited)

Fourth Quarter 2016

Advice & Wealth Management Segment

11

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	668		$	631		$	669		$	689		$	718		$	2,629		$	2,707		$	50		7	%	$	78		3	%	$	29		4	%
Distribution fees	551			514			524			531			540			2,195			2,109			(11		)	(2	)%	(86		)	(4	)%	9			2	%
Net investment income	38			44			47			47			48			146			186			10			26	%	40			27	%	1			2	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	18			18			18			17			20			73			73			2			11	%	—			—		3			18	%
Total revenues	1,275			1,207			1,258			1,284			1,326			5,043			5,075			51			4	%	32			1	%	42			3	%
Banking and deposit interest expense	9			9			8			12			10			30			39			1			11	%	9			30	%	(2)			(17	)%
Operating total net revenues	1,266			1,198			1,250			1,272			1,316			5,013			5,036			50			4	%	23			—		44			3	%
Expenses
Distribution expenses	777			732			762			781			797			3,081			3,072			20			3	%	(9		)	—		16			2	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	2			2			2			2			2			8			8			—			—		—			—		—			—
General and administrative expense	277			259			265			258			263			1,065			1,045			(14)			(5	)%	(20		)	(2	)%	5			2	%
Operating expenses	1,056			993			1,029			1,041			1,062			4,154			4,125			6			1	%	(29		)	(1	)%	21			2	%
Pretax operating earnings	$	210		$	205		$	221		$	231		$	254		$	859		$	911		$	44		21	%	$	52		6	%	$	23		10	%
Pretax operating margin	16.6		%	17.1		%	17.7		%	18.2		%	19.3		%	17.1		%	18.1		%	2.7		%			1.0		%			1.1		%
Return on Capital
Allocated capital	$	543		$	597		$	610		$	624		$	637		$	543		$	637		$	94		17	%	$	94		17	%	$	13		2	%
Operating return on allocated capital (1)	125.0		%	121.3		%	119.4		%	121.2		%	123.9		%	125.0		%	123.9		%	(1.1		)%			(1.1		)%			2.7		%
Brokerage cash balance (2)	$	23,491		$	23,374		$	23,181		$	24,047		$	26,765		$	23,491		$	26,765		$	3,274		14	%	$	3,274		14	%	$	2,718		11	%
Brokerage sweep fee	0.25		%	0.44		%	0.46		%	0.48		%	0.53		%	0.23		%	0.45		%	0.28		%			0.22		%			0.05		%
On-balance sheet deposits	$	8,638		$	8,883		$	9,141		$	9,452		$	10,048		$	8,638		$	10,048		$	1,410		16	%	$	1,410		16	%	$	596		6	%

(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)Brokerage cash includes both off-balance sheet and on-balance sheet deposits.  In the 4th quarter of 2015 through the 4th quarter of 2016, on-balance sheet deposits included in brokerage cash are $3.8B, $3.7B, $3.7B, $3.8B, and $4.1B, respectively.

12

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except headcount and where noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Product Information
Certificates and Banking - Combined
Pretax operating earnings	$	10		$	13		$	15		$	11		$	15		$	46		$	54		$	5		50	%	$	8		17	%	$	4		36	%
Allocated capital	$	268		$	287		$	298		$	311		$	327		$	268		$	327		$	59		22	%	$	59		22	%	$	16		5	%
Operating return on allocated capital (1)	14.1		%	14.5		%	14.2		%	14.0		%	14.7		%	14.1		%	14.7		%	0.6		%			0.6		%			0.7		%
Wealth Management & Distribution
Pretax operating earnings	$	200		$	192		$	206		$	220		$	239		$	813		$	857		$	39		20	%	$	44		5	%	$	19		9	%
Allocated capital	$	275		$	310		$	312		$	313		$	310		$	275		$	310		$	35		13	%	$	35		13	%	$	(3	)	(1	)%
Operating return on allocated capital (1)	224.5		%	218.7		%	216.9		%	223.3		%	231.0		%	224.5		%	231.0		%	6.5		%			6.5		%			7.7		%
Financial Plans
Branded financial plan net cash sales	$	74		$	64		$	66		$	67		$	78		$	263		$	275		$	4		5	%	$	12		5	%	$	11		16	%
Financial Advisors
Employee advisors	2,083			2,046			2,054			2,047			2,007			2,083			2,007			(76		)	(4	)%	(76		)	(4	)%	(40		)	(2	)%
Franchisee advisors	7,706			7,720			7,704			7,700			7,668			7,706			7,668			(38		)	—		(38		)	—		(32		)	—
Total branded financial advisors	9,789			9,766			9,758			9,747			9,675			9,789			9,675			(114		)	(1	)%	(114		)	(1	)%	(72		)	(1	)%
Operating total net revenues per financial advisor (in thousands) (2)	$	129		$	123		$	128		$	131		$	136		$	514		$	518		$	7		5	%	$	4		1	%	$	5		4	%
Operating total net revenues per financial advisor-trailing twelve months (in thousands) (3)	$	514		$	510		$	507		$	511		$	518		$	514		$	518		$	4		1	%	$	4		1	%	$	7		1	%
Advisor Retention
Employee	91.0		%	90.7		%	90.4		%	89.7		%	88.9		%	91.0		%	88.9		%	(2.1		)%			(2.1		)%			(0.8		)%
Franchisee	94.2		%	93.8		%	93.6		%	93.1		%	92.8		%	94.2		%	92.8		%	(1.4		)%			(1.4		)%			(0.3		)%
Total Client Assets (at period end)	$	447,120		$	451,417		$	461,740		$	475,662		$	479,209		$	447,120		$	479,209		$	32,089		7	%	$	32,089		7	%	$	3,547		1	%
Total Wrap Accounts
Beginning assets	$	173,788		$	180,488		$	183,359		$	189,739		$	197,485		$	174,670		$	180,488		$	23,697		14	%	$	5,818		3	%	$	7,746		4	%
Net flows	2,093			1,829			2,294			2,751			3,310			11,153			10,184			1,217			58	%	(969		)	(9	)%	559			20	%
Market appreciation (depreciation) and other	4,607			1,042			4,086			4,995			283			(5,335		)	10,406			(4,324		)	(94	)%	15,741			#		(4,712		)	(94	)%
Total wrap ending assets	$	180,488		$	183,359		$	189,739		$	197,485		$	201,078		$	180,488		$	201,078		$	20,590		11	%	$	20,590		11	%	$	3,593		2	%
Advisory wrap account assets ending balance (4)	$	178,879		$	181,580		$	187,872		$	195,444		$	198,946		$	178,879		$	198,946		$	20,067		11	%	$	20,067		11	%	$	3,502		2	%

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

(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)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.

#Variance equal to or greater than 100%.

13

Statistical Supplement Package

(unaudited)

Fourth Quarter 2016

Asset Management Segment

14

Ameriprise Financial, Inc.

Asset Management Segment

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	697		$	602		$	612		$	612		$	626		$	2,723		$	2,452		$	(71	)	(10	)%	$	(271	)	(10	)%	$	14		2	%
Distribution fees	123			117			121			125			124			499			487			1			1	%	(12		)	(2	)%	(1		)	(1	)%
Net investment income	12			3			5			1			5			23			14			(7		)	(58	)%	(9		)	(39	)%	4			#
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	1			2			1			2			6			9			11			5			#		2			22	%	4			#
Total revenues	833			724			739			740			761			3,254			2,964			(72		)	(9	)%	(290		)	(9	)%	21			3	%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	833			724			739			740			761			3,254			2,964			(72		)	(9	)%	(290		)	(9	)%	21			3	%
Expenses
Distribution expenses	265			247			254			261			257			1,091			1,019			(8		)	(3	)%	(72		)	(7	)%	(4		)	(2	)%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	5			4			5			4			5			17			18			—			—		1			6	%	1			25	%
Interest and debt expense	6			6			5			5			5			25			21			(1		)	(17	)%	(4		)	(16	)%	—			—
General and administrative expense	364			318			327			315			325			1,360			1,285			(39		)	(11	)%	(75		)	(6	)%	10			3	%
Operating expenses	640			575			591			585			592			2,493			2,343			(48		)	(8	)%	(150		)	(6	)%	7			1	%
Pretax operating earnings	$	193		$	149		$	148		$	155		$	169		$	761		$	621		$	(24	)	(12	)%	$	(140	)	(18	)%	$	14		9	%
Pretax operating margin	23.2		%	20.6		%	20.0		%	20.9		%	22.2		%	23.4		%	21.0		%	(1.0		)%			(2.4		)%			1.3		%
Operating total net revenues	$	833		$	724		$	739		$	740		$	761		$	3,254		$	2,964		$	(72	)	(9	)%	$	(290	)	(9	)%	$	21		3	%
Distribution pass thru revenues	(211		)	(199		)	(203		)	(211		)	(204		)	(862		)	(817		)	7			3	%	45			5	%	7			3	%
Subadvisory and other pass thru revenues	(107		)	(87		)	(88		)	(85		)	(94		)	(407		)	(354		)	13			12	%	53			13	%	(9		)	(11	)%
Adjusted operating revenues (1)	$	515		$	438		$	448		$	444		$	463		$	1,985		$	1,793		$	(52	)	(10	)%	$	(192	)	(10	)%	$	19		4	%
Pretax operating earnings	$	193		$	149		$	148		$	155		$	169		$	761		$	621		$	(24	)	(12	)%	$	(140	)	(18	)%	$	14		9	%
Operating net investment income	(12		)	(3		)	(5		)	(1		)	(5		)	(23		)	(14		)	7			58	%	9			39	%	(4		)	#
Amortization of intangibles	6			6			5			5			5			27			21			(1		)	(17	)%	(6		)	(22	)%	—			—
Adjusted operating earnings (1)	$	187		$	152		$	148		$	159		$	169		$	765		$	628		$	(18	)	(10	)%	$	(137	)	(18	)%	$	10		6	%
Adjusted net pretax operating margin (1)(2)	36.3		%	34.7		%	33.0		%	35.8		%	36.5		%	38.5		%	35.0		%	0.2		%			(3.5		)%			0.7		%
Performance Fees (3)
Net performance fees	$	32		$	6		$	1		$	1		$	6		$	48		$	14		$	(26	)	(81	)%	$	(34	)	(71	)%	$	5		#
Return on Capital
Allocated capital	$	1,847		$	1,833		$	1,829		$	1,827		$	1,817		$	1,847		$	1,817		$	(30	)	(2	)%	$	(30	)	(2	)%	$	(10	)	(1	)%
Operating return on allocated capital (4)	31.2		%	29.9		%	28.5		%	28.5		%	27.8		%	31.2		%	27.8		%	(3.4		)%			(3.4		)%			(0.7		)%

(1)See non-GAAP financial information on pg 33.

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

(3)Performance fees, which are net of associated compensation, do not include CLO incentive fees.

(4)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 equal to or greater than 100%.

15

Ameriprise Financial, Inc.

Asset Management Segment

Fourth Quarter 2016

															Prior Year Comparisons
											Year-to-Date				Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015		1 Qtr 2016		2 Qtr 2016		3 Qtr 2016		4 Qtr 2016		2015		2016		Diff.			%		Diff.			%		Diff.			%
Total Managed Assets by Type
Equity	$	255,466	$	244,653	$	241,001	$	245,939	$	240,034	$	255,466	$	240,034	$	(15,432	)	(6	)%	$	(15,432	)	(6	)%	$	(5,905	)	(2	)%
Fixed income	176,596		179,465		179,752		183,329		175,945		176,596		175,945		(651		)	—		(651		)	—		(7,384		)	(4	)%
Money market	7,467		7,548		7,292		6,600		6,320		7,467		6,320		(1,147		)	(15	)%	(1,147		)	(15	)%	(280		)	(4	)%
Alternative	8,198		8,227		7,221		7,264		7,364		8,198		7,364		(834		)	(10	)%	(834		)	(10	)%	100			1	%
Hybrid and other	24,161		24,166		24,311		24,638		24,750		24,161		24,750		589			2	%	589			2	%	112			—
Total managed assets by type	$	471,888	$	464,059	$	459,577	$	467,770	$	454,413	$	471,888	$	454,413	$	(17,475	)	(4	)%	$	(17,475	)	(4	)%	$	(13,357	)	(3	)%
Average Managed Assets by Type (1)
Equity	$	257,682	$	241,769	$	244,996	$	244,636	$	240,327	$	271,458	$	242,718	$	(17,355	)	(7	)%	$	(28,740	)	(11	)%	$	(4,309	)	(2	)%
Fixed income	180,990		176,789		179,557		182,349		178,776		188,150		179,025		(2,214		)	(1	)%	(9,125		)	(5	)%	(3,573		)	(2	)%
Money market	7,267		7,746		7,225		6,946		6,494		6,834		7,092		(773		)	(11	)%	258			4	%	(452		)	(7	)%
Alternative	8,297		8,139		7,650		7,228		7,091		7,858		7,516		(1,206		)	(15	)%	(342		)	(4	)%	(137		)	(2	)%
Hybrid and other	23,731		23,645		24,702		24,615		24,676		22,195		24,418		945			4	%	2,223			10	%	61			—
Total average managed assets by type	$	477,967	$	458,088	$	464,130	$	465,774	$	457,364	$	496,495	$	460,769	$	(20,603	)	(4	)%	$	(35,726	)	(7	)%	$	(8,410	)	(2	)%

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

16

Ameriprise Financial, Inc.

Asset Management Segment

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Managed Assets Rollforward
Global Retail Funds
Beginning assets	$	258,562		$	263,866		$	259,846		$	259,249		$	266,025		$	281,547		$	263,866		$	7,463		3	%	$	(17,681	)	(6	)%	$	6,776		3	%
Inflows	14,329			12,504			13,486			12,342			13,910			54,198			52,242			(419		)	(3	)%	(1,956		)	(4	)%	1,568			13	%
Inflows from acquisitions (1)	—			—			—			976			—			—			976			—			—		976			—		(976		)	#
Outflows	(16,352		)	(15,579		)	(15,869		)	(14,239		)	(17,772		)	(67,329		)	(63,459		)	(1,420		)	(9	)%	3,870			6	%	(3,533		)	(25	)%
Net VP/VIT fund flows	(101		)	(187		)	(501		)	(617		)	(743		)	(737		)	(2,048		)	(642		)	#		(1,311		)	#		(126		)	(20	)%
Net new flows	(2,124		)	(3,262		)	(2,884		)	(1,538		)	(4,605		)	(13,868		)	(12,289		)	(2,481		)	#		1,579			11	%	(3,067		)	#
Reinvested dividends	8,621			407			2,726			582			4,398			13,354			8,113			(4,223		)	(49	)%	(5,241		)	(39	)%	3,816			#
Net flows	6,497			(2,855		)	(158		)	(956		)	(207		)	(514		)	(4,176		)	(6,704		)	#		(3,662		)	#		749			78	%
Distributions	(10,482		)	(575		)	(3,125		)	(851		)	(5,309		)	(16,376		)	(9,860		)	5,173			49	%	6,516			40	%	(4,458		)	#
Market appreciation (depreciation) and other (2)	10,081			(213		)	4,653			9,464			1,322			1,263			15,226			(8,759		)	(87	)%	13,963			#		(8,142		)	(86	)%
Foreign currency translation (3)	(792		)	(377		)	(1,967		)	(881		)	(1,912		)	(2,054		)	(5,137		)	(1,120		)	#		(3,083		)	#		(1,031		)	#
Total ending assets	263,866			259,846			259,249			266,025			259,919			263,866			259,919			(3,947		)	(1	)%	(3,947		)	(1	)%	(6,106		)	(2	)%
% of total retail assets sub-advised	16.0		%	16.2		%	16.7		%	16.4		%	16.9		%	16.0		%	16.9		%	0.9		%			0.9		%			0.4		%
Global Institutional
Beginning assets	212,516			208,022			204,213			200,328			201,745			224,041			208,022			(10,771		)	(5	)%	(16,019		)	(7	)%	1,417			1	%
Inflows	6,536			7,358			6,030			5,101			5,562			27,322			24,051			(974		)	(15	)%	(3,271		)	(12	)%	461			9	%
Outflows	(13,725		)	(11,968		)	(10,598		)	(8,494		)	(7,450		)	(42,651		)	(38,510		)	6,275			46	%	4,141			10	%	1,044			12	%
Net flows	(7,189		)	(4,610		)	(4,568		)	(3,393		)	(1,888		)	(15,329		)	(14,459		)	5,301			74	%	870			6	%	1,505			44	%
Market appreciation (depreciation) and other (4)(5)	4,437			2,312			5,415			7,106			(1,293		)	3,819			13,540			(5,730		)	#		9,721			#		(8,399		)	#
Foreign currency translation (3)	(1,742		)	(1,511		)	(4,732		)	(2,296		)	(4,070		)	(4,509		)	(12,609		)	(2,328		)	#		(8,100		)	#		(1,774		)	(77	)%
Total ending assets	208,022			204,213			200,328			201,745			194,494			208,022			194,494			(13,528		)	(7	)%	(13,528		)	(7	)%	(7,251		)	(4	)%
Total managed assets	$	471,888		$	464,059		$	459,577		$	467,770		$	454,413		$	471,888		$	454,413		$	(17,475	)	(4	)%	$	(17,475	)	(4	)%	$	(13,357	)	(3	)%
Total net flows	$	(692	)	$	(7,465	)	$	(4,726	)	$	(4,349	)	$	(2,095	)	$	(15,843	)	$	(18,635	)	$	(1,403	)	#		$	(2,792	)	(18	)%	$	2,254		52	%
Former Parent Company Related (6)
Retail net new flows	$	(772	)	$	(256	)	$	(331	)	$	(26	)	$	(712	)	$	(2,308	)	$	(1,325	)	$	60		8	%	$	983		43	%	$	(686	)	#
Institutional net new flows	(5,943		)	(4,079		)	(1,929		)	(1,412		)	(1,201		)	(12,451		)	(8,621		)	4,742			80	%	3,830			31	%	211			15	%
Total net new flows	$	(6,715	)	$	(4,335	)	$	(2,260	)	$	(1,438	)	$	(1,913	)	$	(14,759	)	$	(9,946	)	$	4,802		72	%	$	4,813		33	%	$	(475	)	(33	)%

(1)Inflows associated with acquisitions that closed during the quarter.

(2)Included in Market appreciation (depreciation) and other for retail funds in the 2nd quarter of 2015 are ($0.5B) related to the sale of the Multi-Manager business.

(3)Amounts represent local currency to US dollar translation for reporting purposes.

(4)Included in Market appreciation (depreciation) and other for Global Institutional in the 2nd quarter of 2015 and the 4th quarter of 2016 are ($0.1B) and ($0.4B), respectively, due to the transfer of assets from Separately Managed Accounts (SMAs) to Unified Managed Accounts (UMAs).

(5)Included in Market appreciation (depreciation) and other for Global Institutional is the change in the affiliated general account balance.

(6)Former parent company related assets and net new flows are included in the rollforwards above.

#Variance equal to or greater than 100%.

17

Ameriprise Financial, Inc.

Asset Management Segment - Columbia

Fourth Quarter 2016

Mutual Fund Rankings in top 2 Lipper Quartiles

		4 Qtr 2015		1 Qtr 2016		2 Qtr 2016		3 Qtr 2016		4 Qtr 2016
Domestic Equity
Equal weighted	1 year	68	%	68	%	56	%	62	%	56	%
	3 year	68	%	62	%	71	%	68	%	75	%
	5 year	57	%	57	%	59	%	67	%	71	%
Asset weighted	1 year	77	%	80	%	65	%	74	%	41	%
	3 year	76	%	74	%	84	%	78	%	81	%
	5 year	74	%	68	%	73	%	84	%	75	%
International Equity
Equal weighted	1 year	55	%	55	%	55	%	55	%	20	%
	3 year	82	%	68	%	60	%	60	%	55	%
	5 year	65	%	60	%	61	%	80	%	70	%
Asset weighted	1 year	33	%	37	%	36	%	73	%	12	%
	3 year	46	%	39	%	36	%	44	%	44	%
	5 year	41	%	41	%	42	%	52	%	47	%
Taxable Fixed Income
Equal weighted	1 year	68	%	63	%	58	%	78	%	72	%
	3 year	47	%	59	%	59	%	71	%	76	%
	5 year	65	%	71	%	82	%	76	%	76	%
Asset weighted	1 year	73	%	70	%	61	%	82	%	75	%
	3 year	52	%	77	%	65	%	76	%	83	%
	5 year	80	%	83	%	87	%	85	%	86	%
Tax Exempt Fixed Income
Equal weighted	1 year	83	%	89	%	89	%	84	%	74	%
	3 year	100	%	100	%	100	%	89	%	89	%
	5 year	100	%	100	%	94	%	94	%	100	%
Asset weighted	1 year	97	%	92	%	92	%	92	%	59	%
	3 year	100	%	100	%	100	%	81	%	86	%
	5 year	100	%	100	%	87	%	88	%	100	%
Asset Allocation Funds
Equal weighted	1 year	90	%	85	%	77	%	69	%	31	%
	3 year	78	%	100	%	100	%	100	%	100	%
	5 year	88	%	100	%	88	%	75	%	75	%
Asset weighted	1 year	100	%	98	%	97	%	87	%	15	%
	3 year	79	%	100	%	100	%	100	%	100	%
	5 year	98	%	100	%	98	%	81	%	82	%
Number of 4- or 5-star Morningstar rated funds
Overall		55		51		51		54		51
3 year		57		50		55		54		45
5 year		45		46		45		52		44
Percent of 4- or 5-star Morningstar rated funds
Overall		54	%	50	%	53	%	56	%	54	%
3 year		56	%	50	%	57	%	56	%	48	%
5 year		47	%	48	%	49	%	55	%	47	%
Percent of 4- or 5-star Morningstar rated assets
Overall		66	%	61	%	66	%	68	%	64	%
3 year		66	%	61	%	74	%	75	%	64	%
5 year		57	%	61	%	64	%	67	%	53	%

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.

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 divided by total assets of all funds.  Funds with more assets will receive a greater share of the total percentage above or below median.

18

Ameriprise Financial, Inc.

Asset Management Segment - Threadneedle

Fourth Quarter 2016

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

		4 Qtr 2015		1 Qtr 2016		2 Qtr 2016		3 Qtr 2016		4 Qtr 2016
Equity
Equal weighted	1 year	65	%	81	%	60	%	52	%	26	%
	3 year	74	%	70	%	67	%	72	%	58	%
	5 year	76	%	78	%	79	%	71	%	72	%
Asset weighted	1 year	68	%	88	%	66	%	62	%	40	%
	3 year	71	%	56	%	68	%	69	%	67	%
	5 year	84	%	86	%	91	%	63	%	67	%
Fixed Income
Equal weighted	1 year	56	%	38	%	42	%	58	%	70	%
	3 year	45	%	59	%	55	%	50	%	59	%
	5 year	67	%	52	%	62	%	64	%	65	%
Asset weighted	1 year	81	%	68	%	57	%	57	%	68	%
	3 year	72	%	83	%	80	%	69	%	74	%
	5 year	61	%	45	%	62	%	73	%	69	%
Allocation (Managed) Funds
Equal weighted	1 year	75	%	88	%	100	%	88	%	67	%
	3 year	86	%	100	%	100	%	88	%	100	%
	5 year	100	%	100	%	100	%	83	%	83	%
Asset weighted	1 year	86	%	93	%	100	%	80	%	70	%
	3 year	92	%	100	%	100	%	97	%	100	%
	5 year	100	%	100	%	100	%	92	%	92	%

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.

19

Statistical Supplement Package

(unaudited)

Fourth Quarter 2016

Annuities Segment

20

Ameriprise Financial, Inc.

Annuities Segment

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	186		$	177		$	184		$	188		$	183		$	755		$	732		$	(3	)	(2	)%	$	(23	)	(3	)%	$	(5	)	(3	)%
Distribution fees	90			83			88			89			89			364			349			(1		)	(1	)%	(15		)	(4	)%	—			—
Net investment income	201			192			189			192			187			848			760			(14		)	(7	)%	(88		)	(10	)%	(5		)	(3	)%
Premiums	30			28			32			29			27			107			116			(3		)	(10	)%	9			8	%	(2		)	(7	)%
Other revenues	120			116			126			133			131			467			506			11			9	%	39			8	%	(2		)	(2	)%
Total revenues	627			596			619			631			617			2,541			2,463			(10		)	(2	)%	(78		)	(3	)%	(14		)	(2	)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	627			596			619			631			617			2,541			2,463			(10		)	(2	)%	(78		)	(3	)%	(14		)	(2	)%
Expenses
Distribution expenses	111			103			107			106			107			446			423			(4		)	(4	)%	(23		)	(5	)%	1			1	%
Interest credited to fixed accounts	123			119			119			122			118			500			478			(5		)	(4	)%	(22		)	(4	)%	(4		)	(3	)%
Benefits, claims, losses and settlement expenses	143			144			138			346			152			482			780			9			6	%	298			62	%	(194		)	(56	)%
Amortization of deferred acquisition costs	37			45			48			66			50			205			209			13			35	%	4			2	%	(16		)	(24	)%
Interest and debt expense	9			8			9			7			9			38			33			—			—		(5		)	(13	)%	2			29	%
General and administrative expense	52			53			52			52			54			220			211			2			4	%	(9		)	(4	)%	2			4	%
Operating expenses	475			472			473			699			490			1,891			2,134			15			3	%	243			13	%	(209		)	(30	)%
Pretax operating earnings	$	152		$	124		$	146		$	(68	)	$	127		$	650		$	329		$	(25	)	(16	)%	$	(321	)	(49	)%	$	195		#
Pretax operating margin	24.2		%	20.8		%	23.6		%	(10.8		)%	20.6		%	25.6		%	13.4		%	(3.6		)%			(12.2		)%			31.4		%
Return on Capital
Allocated capital	$	1,893		$	1,897		$	1,895		$	1,950		$	1,968		$	1,893		$	1,968		$	75		4	%	$	75		4	%	$	18		1	%
Operating return on allocated capital (1)	25.5		%	24.1		%	24.5		%	14.3		%	13.3		%	25.5		%	13.3		%	(12.2		)%			(12.2		)%			(1.0		)%
Market impact on variable annuity guaranteed benefits (2)
Risk margin and nonperformance spread impact	$	(61	)	$	141		$	84		$	13		$	(115	)	$	49		$	123		$	(54	)	(89	)%	$	74		#		$	(128	)	#
Other	(78		)	(124		)	(142		)	(50		)	(23		)	(263		)	(339		)	55			71	%	(76		)	(29	)%	27			54	%
Total VA guaranteed benefit impact excluded from operating earnings	$	(139	)	$	17		$	(58	)	$	(37	)	$	(138	)	$	(214	)	$	(216	)	$	1		1	%	$	(2	)	(1	)%	$	(101	)	#
Total annuity net flows	$	(541	)	$	(560	)	$	(768	)	$	(890	)	$	(983	)	$	(3,026	)	$	(3,201	)	$	(442	)	(82	)%	$	(175	)	(6	)%	$	(93	)	(10	)%

(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 equal to or greater than 100%.

21

Ameriprise Financial, Inc.

Annuities Segment

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Product Information
Variable Annuities
Pretax operating earnings	$	129		$	100		$	118		$	(97	)	$	107		$	544		$	228		$	(22	)	(17	)%	$	(316	)	(58	)%	$	204		#
Allocated capital (1)	$	650		$	650		$	650		$	650		$	650		$	650		$	650		$	—		—		$	—		—		$	—		—
Operating return on allocated capital (2)	63.8		%	59.2		%	59.9		%	28.8		%	26.6		%	63.8		%	26.6		%	(37.2		)%			(37.2		)%			(2.2		)%
Fixed Annuities (3)
Pretax operating earnings	$	23		$	24		$	28		$	29		$	20		$	106		$	101		$	(3	)	(13	)%	$	(5	)	(5	)%	$	(9	)	(31	)%
Allocated capital	$	1,243		$	1,247		$	1,245		$	1,300		$	1,318		$	1,243		$	1,318		$	75		6	%	$	75		6	%	$	18		1	%
Operating return on allocated capital (2)	6.2		%	6.1		%	6.2		%	6.7		%	6.5		%	6.2		%	6.5		%	0.3		%			0.3		%			(0.2		)%
Variable Annuities Rollforward
Beginning balance	$	72,843		$	74,244		$	74,207		$	74,580		$	75,866		$	76,988		$	74,244		$	3,023		4	%	$	(2,744	)	(4	)%	$	1,286		2	%
Deposits	1,340			1,147			1,170			1,160			1,117			5,228			4,594			(223		)	(17	)%	(634		)	(12	)%	(43		)	(4	)%
Withdrawals and terminations	(1,585		)	(1,458		)	(1,682		)	(1,810		)	(1,849		)	(6,455		)	(6,799		)	(264		)	(17	)%	(344		)	(5	)%	(39		)	(2	)%
Net flows	(245		)	(311		)	(512		)	(650		)	(732		)	(1,227		)	(2,205		)	(487		)	#		(978		)	(80	)%	(82		)	(13	)%
Investment performance and interest credited	1,646			274			885			1,936			(317		)	(1,517		)	2,778			(1,963		)	#		4,295			#		(2,253		)	#
Total ending balance - contract accumulation values	$	74,244		$	74,207		$	74,580		$	75,866		$	74,817		$	74,244		$	74,817		$	573		1	%	$	573		1	%	$	(1,049	)	(1	)%
Variable annuities fixed sub-accounts	$	4,911		$	4,966		$	5,060		$	5,152		$	5,211		$	4,911		$	5,211		$	300		6	%	$	300		6	%	$	59		1	%
Fixed Annuities Rollforward
Beginning balance	$	10,886		$	10,673		$	10,503		$	10,325		$	10,163		$	12,137		$	10,673		$	(723	)	(7	)%	$	(1,464	)	(12	)%	$	(162	)	(2	)%
Deposits	63			66			53			38			34			186			191			(29		)	(46	)%	5			3	%	(4		)	(11	)%
Withdrawals and terminations	(359		)	(315		)	(309		)	(278		)	(285		)	(1,985		)	(1,187		)	74			21	%	798			40	%	(7		)	(3	)%
Net flows	(296		)	(249		)	(256		)	(240		)	(251		)	(1,799		)	(996		)	45			15	%	803			45	%	(11		)	(5	)%
Policyholder interest credited	83			79			78			78			79			335			314			(4		)	(5	)%	(21		)	(6	)%	1			1	%
Total ending balance - contract accumulation values	$	10,673		$	10,503		$	10,325		$	10,163		$	9,991		$	10,673		$	9,991		$	(682	)	(6	)%	$	(682	)	(6	)%	$	(172	)	(2	)%
Capitalized interest	$	—		$	1		$	—		$	1		$	1		$	2		$	3		$	1		—		$	1		50	%	$	—		—
Payout Annuities Reserve Balance	$	2,094		$	2,090		$	2,088		$	2,088		$	2,096		$	2,094		$	2,096		$	2		—		$	2		—		$	8		—
Tax Equivalent Spread - Fixed Annuities (4)
Gross rate of return on invested assets (5)	4.7		%	4.6		%	4.6		%	4.6		%	4.6		%	4.7		%	4.6		%	(0.1		)%			(0.1		)%			—
Crediting rate excluding capitalized interest	(3.0		)%	(3.0		)%	(3.0		)%	(3.0		)%	(3.1		)%	(3.0		)%	(3.0		)%	(0.1		)%			—					(0.1		)%
Tax equivalent margin spread	1.7		%	1.6		%	1.6		%	1.6		%	1.5		%	1.7		%	1.6		%	(0.2		)%			(0.1		)%			(0.1		)%
Total Variable Annuities DAC
Beginning balance	$	1,669		$	1,722		$	1,695		$	1,685		$	1,670		$	1,667		$	1,722		$	1		—		$	55		3	%	$	(15	)	(1	)%
Capitalization	49			42			41			41			41			186			165			(8		)	(16	)%	(21		)	(11	)%	—			—
Non-operating amortization	26			(16		)	2			8			37			27			31			11			42	%	4			15	%	29			#
Amortization per income statement	(32		)	(40		)	(43		)	(64		)	(45		)	(178		)	(192		)	(13		)	(41	)%	(14		)	(8	)%	19			30	%
Other	10			(13		)	(10		)	—			21			20			(2		)	11			#		(22		)	#		21			—
Total ending balance	$	1,722		$	1,695		$	1,685		$	1,670		$	1,724		$	1,722		$	1,724		$	2		—		$	2		—		$	54		3	%
Total Fixed Annuities DAC
Beginning balance	$	72		$	87		$	70		$	57		$	56		$	67		$	87		$	(16	)	(22	)%	$	20		30	%	$	(1	)	(2	)%
Capitalization	1			1			2			—			—			3			3			(1		)	#		—			—		—			—
Non-operating amortization	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization per income statement	(5		)	(5		)	(5		)	(2		)	(5		)	(27		)	(17		)	—			—		10			37	%	(3		)	#
Other	19			(13		)	(10		)	1			25			44			3			6			32	%	(41		)	(93	)%	24			#
Total ending balance	$	87		$	70		$	57		$	56		$	76		$	87		$	76		$	(11	)	(13	)%	$	(11	)	(13	)%	$	20		36	%

(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 4th quarter of 2015 through the 4th quarter of 2016, 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 4.6%, 4.5%, 4.6%, 4.6% and 4.5% respectively.

#Variance equal to or greater than 100%.

22

Statistical Supplement Package

(unaudited)

Fourth Quarter 2016

Protection Segment

23

Ameriprise Financial, Inc.

Protection Segment

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	13		$	13		$	12		$	13		$	13		$	55		$	51		$	—		—		$	(4	)	(7	)%	$	—		—
Distribution fees	26			23			25			24			26			97			98			—			—		1			1	%	2			8	%
Net investment income	118			119			121			124			121			468			485			3			3	%	17			4	%	(3		)	(2	)%
Premiums	348			345			345			350			356			1,363			1,396			8			2	%	33			2	%	6			2	%
Other revenues	103			108			101			168			99			401			476			(4		)	(4	)%	75			19	%	(69		)	(41	)%
Total revenues	608			608			604			679			615			2,384			2,506			7			1	%	122			5	%	(64		)	(9	)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	608			608			604			679			615			2,384			2,506			7			1	%	122			5	%	(64		)	(9	)%
Expenses
Distribution expenses	18			12			13			(14		)	17			59			28			(1		)	(6	)%	(31		)	(53	)%	31			#
Interest credited to fixed accounts	43			43			43			44			45			164			175			2			5	%	11			7	%	1			2	%
Benefits, claims, losses and settlement expenses	406			371			399			464			385			1,538			1,619			(21		)	(5	)%	81			5	%	(79		)	(17	)%
Amortization of deferred acquisition costs	34			39			34			97			31			155			201			(3		)	(9	)%	46			30	%	(66		)	(68	)%
Interest and debt expense	7			9			8			8			9			32			34			2			29	%	2			6	%	1			13	%
General and administrative expense	65			65			70			69			69			253			273			4			6	%	20			8	%	—			—
Operating expenses	573			539			567			668			556			2,201			2,330			(17		)	(3	)%	129			6	%	(112		)	(17	)%
Pretax operating earnings	$	35		$	69		$	37		$	11		$	59		$	183		$	176		$	24		69	%	$	(7	)	(4	)%	$	48		#
Pretax operating margin	5.8		%	11.3		%	6.1		%	1.6		%	9.6		%	7.7		%	7.0		%	3.8		%			(0.7		)%			8.0		%
Return on Capital
Allocated capital	$	2,045		$	2,104		$	2,105		$	2,095		$	2,185		$	2,045		$	2,185		$	140		7	%	$	140		7	%	$	90		4	%
Operating return on allocated capital (1)	6.9		%	7.6		%	6.3		%	5.8		%	6.7		%	6.9		%	6.7		%	(0.2		)%			(0.2		)%			0.9		%
Market impact on indexed universal life benefits (2)
Risk margin and nonperformance spread impact	$	7		$	(13	)	$	(2	)	$	—		$	8		$	—		$	(7	)	$	1		14	%	$	(7	)	—		$	8		—
Other	(6		)	32			7			7			(3		)	(1		)	43			3			50	%	44			#		(10		)	#
Total market impact on indexed universal life benefits excluded from operating earnings	$	1		$	19		$	5		$	7		$	5		$	(1	)	$	36		$	4		#		$	37		#		$	(2	)	(29	)%
Product Information
Long Term Care
Pretax operating earnings	$	(6	)	$	1		$	(1	)	$	(73	)	$	(14	)	$	(15	)	$	(87	)	$	(8	)	#		$	(72	)	#		$	59		81	%
Allocated capital	$	591		$	600		$	600		$	579		$	663		$	591		$	663		$	72		12	%	$	72		12	%	$	84		15	%
Operating return on allocated capital (1)	(1.9		)%	2.2		%	0.1		%	(11.8		)%	(12.5		)%	(1.9		)%	(12.5		)%	(10.6		)%			(10.6		)%			(0.7		)%
Protection excluding Long Term Care
Pretax operating earnings	$	41		$	68		$	38		$	84		$	73		$	198		$	263		$	32		78	%	$	65		33	%	$	(11	)	(13	)%
Allocated capital	$	1,454		$	1,504		$	1,505		$	1,516		$	1,522		$	1,454		$	1,522		$	68		5	%	$	68		5	%	$	6		—
Operating return on allocated capital (1)	10.4		%	9.7		%	8.8		%	12.7		%	14.4		%	10.4		%	14.4		%	4.0		%			4.0		%			1.7		%

(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 equal to or greater than 100%.

24

Ameriprise Financial, Inc.

Protection Segment

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Cash Sales
VUL / UL (1)	$	91		$	66		$	66		$	70		$	88		$	324		$	290		$	(3	)	(3	)%	$	(34	)	(10	)%	$	18		26	%
Term and whole life	3			2			3			2			2			9			9			(1		)	(33	)%	—			—		—			—
Disability insurance	2			1			1			1			1			5			4			(1		)	(50	)%	(1		)	(20	)%	—			—
Auto and home	267			256			276			294			259			1,087			1,085			(8		)	(3	)%	(2		)	—		(35		)	(12	)%
Total cash sales	$	363		$	325		$	346		$	367		$	350		$	1,425		$	1,388		$	(13	)	(4	)%	$	(37	)	(3	)%	$	(17	)	(5	)%
VUL / UL Policyholder Account Balances
Beginning balance	$	10,931		$	11,170		$	11,170		$	11,236		$	11,461		$	11,283		$	11,170		$	530		5	%	$	(113	)	(1	)%	$	225		2	%
Premiums and deposits	281			240			246			245			269			1,042			1,000			(12		)	(4	)%	(42		)	(4	)%	24			10	%
Investment performance and interest	260			47			129			281			82			45			539			(178		)	(68	)%	494			#		(199		)	(71	)%
Withdrawals and surrenders	(300		)	(288		)	(307		)	(302		)	(302		)	(1,199		)	(1,199		)	(2		)	(1	)%	—			—		—			—
Other	(2		)	1			(2		)	1			1			(1		)	1			3			#		2			#		—			—
Total ending balance	$	11,170		$	11,170		$	11,236		$	11,461		$	11,511		$	11,170		$	11,511		$	341		3	%	$	341		3	%	$	50		—
Premiums by Product
Term and whole life	$	11		$	11		$	12		$	11		$	11		$	40		$	45		$	—		—		$	5		13	%	$	—		—
Disability insurance	37			36			37			37			36			149			146			(1		)	(3	)%	(3		)	(2	)%	(1		)	(3	)%
Long term care	29			27			27			27			29			110			110			—			—		—			—		2			7	%
Auto and home	266			265			264			270			275			1,043			1,074			9			3	%	31			3	%	5			2	%
Intercompany premiums	5			6			5			5			5			21			21			—			—		—			—		—			—
Total premiums by product	$	348		$	345		$	345		$	350		$	356		$	1,363		$	1,396		$	8		2	%	$	33		2	%	$	6		2	%
Auto and Home Insurance
Policy count (thousands)	957			957			956			950			943			957			943			(14		)	(1	)%	(14		)	(1	)%	(7		)	(1	)%
Loss ratio	109.7		%	91.8		%	99.6		%	89.9		%	84.0		%	97.7		%	91.2		%	(25.7		)%			(6.5		)%			(5.9		)%
Expense ratio	16.9		%	18.4		%	18.7		%	18.3		%	17.7		%	16.8		%	18.3		%	0.8		%			1.5		%			(0.6		)%
Combined ratio	126.6		%	110.2		%	118.3		%	108.2		%	101.7		%	114.5		%	109.5		%	(24.9		)%			(5.0		)%			(6.5		)%
DAC Rollforward
Life and Health
Beginning balance	$	867		$	889		$	860		$	833		$	783		$	851		$	889		$	(84	)	(10	)%	$	38		4	%	$	(50	)	(6	)%
Capitalization	24			20			19			46			26			86			111			2			8	%	25			29	%	(20		)	(43	)%
Non-operating amortization	(2		)	(6		)	(2		)	(4		)	(6		)	(4		)	(18		)	(4		)	#		(14		)	#		(2		)	(50	)%
Amortization per income statement	(17		)	(22		)	(17		)	(80		)	(14		)	(90		)	(133		)	3			18	%	(43		)	(48	)%	66			83	%
Other	17			(21		)	(27		)	(12		)	32			46			(28		)	15			88	%	(74		)	#		44			#
Total ending balance	$	889		$	860		$	833		$	783		$	821		$	889		$	821		$	(68	)	(8	)%	$	(68	)	(8	)%	$	38		5	%
Life Insurance in Force	$	196,339		$	196,153		$	196,065		$	195,987		$	196,472		$	196,339		$	196,472		$	133		—		$	133		—		$	485		—
Net Amount at Risk	$	40,783		$	40,361		$	40,345		$	40,696		$	41,290		$	40,783		$	41,290		$	507		1	%	$	507		1	%	$	594		1	%
Net Policyholder Reserves
VUL / UL	$	10,380		$	10,379		$	10,461		$	10,700		$	10,759		$	10,380		$	10,759		$	379		4	%	$	379		4	%	$	59		1	%
Term and whole life	207			206			206			205			203			207			203			(4		)	(2	)%	(4		)	(2	)%	(2		)	(1	)%
Disability insurance	527			520			517			520			524			527			524			(3		)	(1	)%	(3		)	(1	)%	4			1	%
Long term care and other	2,788			2,797			2,811			2,866			2,890			2,788			2,890			102			4	%	102			4	%	24			1	%
Auto and home loss and LAE reserves	569			596			616			616			614			569			614			45			8	%	45			8	%	(2		)	—
Total net policyholder reserves	$	14,471		$	14,498		$	14,611		$	14,907		$	14,990		$	14,471		$	14,990		$	519		4	%	$	519		4	%	$	83		1	%

(1)Includes lump sum deposits.

#Variance equal to or greater than 100%.

25

Statistical Supplement Package

(unaudited)

Fourth Quarter 2016

Corporate & Other Segment

26

Ameriprise Financial, Inc.

Corporate & Other Segment

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	12			1			(6		)	(18		)	(9		)	(10		)	(32		)	(21		)	#		(22		)	#		9			50	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	3			1			(1		)	4			1			13			5			(2		)	(67	)%	(8		)	(62	)%	(3		)	(75	)%
Total revenues	15			2			(7		)	(14		)	(8		)	3			(27		)	(23		)	#		(30		)	#		6			43	%
Banking and deposit interest expense	—			—			—			1			—			—			1			—			—		1			—		(1		)	#
Operating total net revenues	15			2			(7		)	(15		)	(8		)	3			(28		)	(23		)	#		(31		)	#		7			47	%
Expenses
Distribution expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	10			4			5			5			4			22			18			(6		)	(60	)%	(4		)	(18	)%	(1		)	(20	)%
General and administrative expense	43			48			64			52			62			180			226			19			44	%	46			26	%	10			19	%
Operating expenses	53			52			69			57			66			202			244			13			25	%	42			21	%	9			16	%
Pretax operating loss	$	(38	)	$	(50	)	$	(76	)	$	(72	)	$	(74	)	$	(199	)	$	(272	)	$	(36	)	(95	)%	$	(73	)	(37	)%	$	(2	)	(3	)%

# Variance equal to or greater than 100%.

27

Ameriprise Financial, Inc.

Eliminations (1)

Fourth Quarter 2016

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016			Diff.			%		Diff.			%		Diff.			%
Operating Income Statements
Revenues
Management and financial advice fees	$	(34	)	$	(33	)	$	(34	)	$	(34	)	$	(36	)	$	(137	)	$	(137	)	$	(2	)	(6	)%	$	—		—		$	(2	)	(6	)%
Distribution fees	(332		)	(302		)	(310		)	(314		)	(322		)	(1,308		)	(1,248		)	10			3	%	60			5	%	(8		)	(3	)%
Net investment income	(1		)	—			—			(1		)	—			(1		)	(1		)	1			#		—			—		1				#
Premiums	(4		)	(5		)	(5		)	(5		)	(6		)	(15		)	(21		)	(2		)	(50	)%	(6		)	(40	)%	(1		)	(20	)%
Other revenues	—			—			—			—			—			—			—			—			—		—			—		—			—
Total revenues	(371		)	(340		)	(349		)	(354		)	(364		)	(1,461		)	(1,407		)	7			2	%	54			4	%	(10		)	(3	)%
Banking and deposit interest expense	—			—			—			(1		)	—			—			(1		)	—			—		(1		)	—		1				#
Operating total net revenues	(371		)	(340		)	(349		)	(353		)	(364		)	(1,461		)	(1,406		)	7			2	%	55			4	%	(11		)	(3	)%
Expenses
Distribution expenses	(355		)	(324		)	(333		)	(336		)	(347		)	(1,401		)	(1,340		)	8			2	%	61			4	%	(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	(16		)	(16		)	(16		)	(17		)	(17		)	(60		)	(66		)	(1		)	(6	)%	(6		)	(10	)%	—			—
Operating expenses	(371		)	(340		)	(349		)	(353		)	(364		)	(1,461		)	(1,406		)	7			2	%	55			4	%	(11		)	(3	)%
Pretax operating earnings	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—

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

#    Variance equal to or greater than 100%.

28

Statistical Supplement Package

(unaudited)

Fourth Quarter 2016

Balance Sheet and Ratings Information

29

Ameriprise Financial, Inc.

Consolidated Balance Sheets

Fourth Quarter 2016

(in millions, unaudited)	December 31, 2015			March 31, 2016			June 30, 2016			September 30, 2016			December 31, 2016
Assets
Cash and cash equivalents	$	2,357		$	2,649		$	2,819		$	3,075		$	2,318
Cash of consolidated investment entities	502			146			231			254			168
Investments	34,144			34,643			35,265			35,875			35,834
Investments of consolidated investment entities	6,570			2,511			2,605			2,573			2,254
Separate account assets	80,349			80,182			80,230			81,511			80,210
Receivables	5,167			5,232			5,171			5,322			5,299
Receivables of consolidated investment entities	107			63			19			14			11
Deferred acquisition costs (1)	2,730			2,655			2,605			2,539			2,648
Restricted and segregated cash and investments	2,949			2,900			2,866			2,962			3,331
Other assets (1)	8,399			9,289			10,892			9,517			7,748
Other assets of consolidated investment entities	2,065			—			1			1			—
Total Assets	$	145,339		$	140,270		$	142,704		$	143,643		$	139,821
Liabilities
Policyholder account balances, future policy benefits and claims	$	29,699		$	30,515		$	31,242		$	31,469		$	30,202
Separate account liabilities	80,349			80,182			80,230			81,511			80,210
Customer deposits	8,634			8,876			9,132			9,442			10,036
Short-term borrowings	200			200			200			200			200
Long-term debt	2,692			2,683			2,452			2,934			2,917
Debt of consolidated investment entities	7,531			2,673			2,749			2,710			2,319
Accounts payable and accrued expenses (1)	1,598			1,300			1,383			1,544			1,727
Accounts payable and accrued expenses of consolidated investment entities	54			—			—			—			—
Other liabilities	5,965			6,745			8,165			6,951			5,823
Other liabilities of consolidated investment entities	238			29			88			112			95
Total Liabilities	136,960			133,203			135,641			136,873			133,529
Equity
Ameriprise Financial
Common shares ($.01 par)	3			3			3			3			3
Additional paid-in capital	7,611			7,610			7,659			7,709			7,765
Retained earnings (1)	9,525			9,773			9,981			10,072			10,351
Appropriated retained earnings of consolidated investment entities	137			—			—			—			—
Treasury stock	(10,338		)	(10,761		)	(11,218		)	(11,609		)	(12,027		)
Accumulated other comprehensive income, net of tax	253			442			638			595			200
Total Ameriprise Financial Shareholders’ Equity	7,191			7,067			7,063			6,770			6,292
Noncontrolling interests	1,188			—			—			—			—
Total Equity	8,379			7,067			7,063			6,770			6,292
Total Liabilities and Equity	$	145,339		$	140,270		$	142,704		$	143,643		$	139,821

(1)Prior period balance sheets have been restated to reflect the accrual of commission expense for certain insurance and annuity products prior to 2013.  Before 2013, we incorrectly recorded these expenses on a cash basis.  There is no income statement impact subsequent to 2012.  The income statement impact to 2012 and prior was not material.

30

Ameriprise Financial, Inc.

Capital and Ratings Information

Fourth Quarter 2016

(in millions unless otherwise noted, unaudited)	December 31, 2015			March 31, 2016			June 30, 2016			September 30, 2016			December 31, 2016
Long-term Debt Summary
Senior notes	$	2,350		$	2,350		$	2,350		$	2,850		$	2,850
Junior subordinated notes	245			229			—			—			—
Capital lease obligations	60			58			55			52			49
Fair value of hedges, unamortized discount and debt issuance costs	37			46			47			32			18
Total Ameriprise Financial long-term debt	2,692			2,683			2,452			2,934			2,917
Non-recourse debt of consolidated investment entities	7,531			2,673			2,749			2,710			2,319
Total long-term debt	$	10,223		$	5,356		$	5,201		$	5,644		$	5,236
Total Ameriprise Financial long-term debt	$	2,692		$	2,683		$	2,452		$	2,934		$	2,917
Fair value of hedges, unamortized discount and debt issuance costs	(37		)	(46		)	(47		)	(32		)	(18		)
Capital lease obligations	(60		)	(58		)	(55		)	(52		)	(49		)
Total Ameriprise Financial long-term debt excluding fair value of hedges, unamortized discount, debt issuance costs and capital lease obligations (1)	$	2,595		$	2,579		$	2,350		$	2,850		$	2,850
Total equity (2)	$	8,379		$	7,067		$	7,063		$	6,770		$	6,292
Noncontrolling interests	(1,188		)	—			—			—			—
Total Ameriprise Financial shareholders’ equity	7,191			7,067			7,063			6,770			6,292
Equity of consolidated investment entities	(131		)	(1		)	—			—			—
Total Ameriprise Financial shareholders’ equity excluding CIEs (1)	$	7,060		$	7,066		$	7,063		$	6,770		$	6,292
Total Ameriprise Financial capital	$	9,883		$	9,750		$	9,515		$	9,704		$	9,209
Total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, debt issuance costs, capital lease obligations and equity of CIEs (1)	$	9,655		$	9,645		$	9,413		$	9,620		$	9,142
Debt to capital
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	27.2		%	27.5		%	25.8		%	30.2		%	31.7		%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, debt issuance costs, capital lease obligations and equity of CIEs (1)	26.9		%	26.7		%	25.0		%	29.6		%	31.2		%

Ratings (as of December 31, 2016 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 33.  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.

31

Ameriprise Financial, Inc.

Ameriprise Financial Investments (1)

Fourth Quarter 2016

(in millions unless otherwise noted, unaudited)	December 31, 2015			March 31, 2016			June 30, 2016			September 30, 2016			December 31, 2016
Cash and cash equivalents	$	2,357		$	2,649		$	2,819		$	3,075		$	2,318
Investments - Ending Balances
Available-for-Sale Securities
Corporate debt securities	16,348			16,603			16,450			16,552			16,236
Residential mortgage backed securities	5,973			6,138			6,538			6,862			6,918
Commercial mortgage backed securities	2,456			2,617			2,964			3,089			3,367
Asset backed securities	1,296			1,389			1,419			1,504			1,549
Total mortgage and other asset backed securities	9,725			10,144			10,921			11,455			11,834
State and municipal obligations	2,290			2,385			2,480			2,488			2,358
US government and agencies obligations	68			59			13			10			8
Foreign government bonds and obligations	224			272			276			275			261
Common and preferred stocks	18			17			18			19			22
Total other	2,600			2,733			2,787			2,792			2,649
Total available-for-sale securities	28,673			29,480			30,158			30,799			30,719
Commercial mortgage loans	2,755			2,747			2,713			2,682			2,702
Allowance for loan losses	(21		)	(21		)	(21		)	(21		)	(21		)
Commercial mortgage loans, net	2,734			2,726			2,692			2,661			2,681
Residential mortgage loans	627			330			326			314			305
Allowance for loan losses	(2		)	(1		)	(1		)	(1		)	—
Residential mortgage loans, net	625			329			325			313			305
Policy loans	824			828			830			835			831
Other investments	1,288			1,280			1,260			1,267			1,298
Total investments	34,144			34,643			35,265			35,875			35,834
Total cash, cash equivalents and investments	$	36,501		$	37,292		$	38,084		$	38,950		$	38,152
Net unrealized gain Available-for-Sale Securities	$	921		$	1,426		$	1,986		$	2,058		$	1,247
AFS Fixed Maturity Asset Quality - %
AAA	25		%	26		%	28		%	29		%	31		%
AA	7		%	6		%	7		%	7		%	6		%
AFS securities AA and above	32		%	32		%	35		%	36		%	37		%
A	19		%	19		%	19		%	19		%	18		%
BBB	43		%	42		%	41		%	40		%	40		%
Below investment grade	6		%	7		%	5		%	5		%	5		%
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		%	7		%	6		%	5		%	5		%

(1)   Investments excluding investments of CIEs.

32

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, debt issuance costs, capital lease obligations and equity of CIEs;

·Total Ameriprise Financial long-term debt excluding fair value of hedges, unamortized discount, debt issuance costs and capital lease obligations;

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

Reclassification

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

33

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.

34

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 capital lease obligations, fair value of hedges, debt issuance costs 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. 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 of Hedges on Investments - The market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments.

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.

35

Ameriprise Financial, Inc.

Glossary of Selected Terminology

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

Net New Flows - Retail fund inflows less outflows.

Net Realized Investment Gains (Losses) - The net of realized investment gains and realized investment losses, net of DSIC and DAC amortization, unearned revenue amortization and the reinsurance accrual.

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

Operating Expenses - Total expenses excluding integration/restructuring charges, market impact on variable annuity guaranteed benefits, market impact on indexed universal life benefits, DAC and DSIC offsets to net realized investment gains (losses) and expense from consolidated investment entities.

Operating Net Investment Income - Net investment income excluding net realized investment gains (losses), market impact of hedges on investments 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 excluding net realized investment gains (losses), indexed universal life market impact on reinsurance and unearned revenue, market impact of hedges on investments, revenue from consolidated investment entities and integration/restructuring.

Pretax Operating Earnings - Income from continuing operations before income tax provision excluding net realized investment gains (losses), integration/restructuring charges, market impact on variable annuity guaranteed benefits, market impact on indexed universal life benefits, market impact of hedges on investments and 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, debt issuance costs, capital lease obligations 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, debt issuance costs, capital lease obligations 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)

Fourth Quarter 2016

Disclosed Items

37

Ameriprise Financial, Inc.

Disclosed Items

4 Qtr 2016

Excluded from Operating Earnings

	Annuities						Protection			Corporate and Eliminations
				Market Impact on			Market Impact on						Market Impact
	Securities			VA Guaranteed			Indexed Universal						of Hedges
(in millions, unaudited)	Gains/(Losses) (1)			Benefits (2)			Life Benefits (3)			CIEs (4)			on Investments (5)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	(15	)	$	—
Distribution fees	—			—			—			—			—
Net investment income	11			—			—			66			57
Premiums	—			—			—			—			—
Other revenues	—			—			6			—			—
Total revenues	11			—			6			51			57
Banking and deposit interest expense	—			—			—			—			—
Total net revenues	11			—			6			51			57
Expenses
Distribution expenses	—			—			—			—			—
Interest credited to fixed accounts	—			—			(5		)	—			—
Benefits, claims, losses and settlement expenses	—			175			—			—			—
Amortization of deferred acquisition costs	—			(37		)	6			—			—
Interest and debt expense	—			—			—			52			—
General and administrative expense	—			—			—			—			—
Total expenses	—			138			1			52			—
Pretax segment income (loss)	11			(138		)	5			(1)			57
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	11		$	(138	)	$	5		$	(1	)	$	57
Included in Operating Earnings
	Annuities			Protection									Corporate						Consolidated
	Market			Auto & Home			Auto & Home						Department of
	Impacts			Catastrophe			Reserve			Long Term Care			Labor Implementation			Severance			Tax
(in millions, unaudited)	to DAC/DSIC (6)			Losses (7)			Changes (8)			Adjustments (9)			Costs (10)			Expense (11)			Benefit (12)
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		)	15			(12		)	10			—			—			—
Amortization of deferred acquisition costs	(3		)	—			—			—			—			—			—
Interest and debt expense	—			—			—			—			—			—			—
General and administrative expense	—			—			—			—			11			12			—
Operating expenses	(4		)	15			(12		)	10			11			12			—
Pretax operating earnings	$	4		$	(15	)	$	12		$	(10	)	$	(11	)	$	(12	)	$	—
Tax benefit																			$	27

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

(2)Variable annuity guaranteed benefit impacts include:

$177 million net expense related to hedged variable annuity benefits

$39 million decrease in DAC and DSIC amortization resulting from hedged benefits

(3)Indexed universal life benefit impacts include:

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

$6 million increase in DAC amortization resulting from hedged indexed universal life benefits

$6 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)The market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments

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

(7)Total auto and home catastrophe losses

(8)Auto and home change in reserves from improved loss trends

(9)Long term care adjustments

(10)Incremental expense related to the planning and implementation for the new Department of Labor fiduciary standard

(11)Severance expense

(12)Unanticipated benefit from tax audit settlements related to the 1997 to 2011 federal returns

38

Ameriprise Financial, Inc.

Disclosed Items

3 Qtr 2016

Excluded from Operating Earnings

	Advice & Wealth Management		Annuities					Protection						Corporate and Eliminations
					Market Impact on						Market Impact on						Market Impact
	Securities		Securities		VA Guaranteed			Securities			Indexed Universal						of Hedges
(in millions, unaudited)	Gains/(Losses) (1)		Gains/(Losses) (1)		Benefits (2)			Gains/(Losses) (1)			Life Benefits (3)			CIEs (4)			on Investments (5)
Revenues
Management and financial advice fees	$	—	$	—	$	—		$	—		$	—		$	(4	)	$	—
Distribution fees	—		—		—			—			—			—			—
Net investment income	5		2		—			(1		)	—			31			5
Premiums	—		—		—			—			—			—			—
Other revenues	—		—		—			—			6			—			—
Total revenues	5		2		—			(1		)	6			27			5
Banking and deposit interest expense	—		—		—			—			—			—			—
Total net revenues	5		2		—			(1		)	6			27			5
Expenses
Distribution expenses	—		—		—			—			—			—			—
Interest credited to fixed accounts	—		—		—			—			(5		)	—			—
Benefits, claims, losses and settlement expenses	—		—		45			—			—			—			—
Amortization of deferred acquisition costs	—		—		(8		)	—			4			—			—
Interest and debt expense	—		—		—			—			—			25			—
General and administrative expense	—		—		—			—			—			2			—
Total expenses	—		—		37			—			(1		)	27			—
Pretax segment income (loss)	5		2		(37		)	(1		)	7			—			5
Less: Net income (loss) attributable to noncontrolling interest	—		—		—			—			—			—			—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	5	$	2	$	(37	)	$	(1	)	$	7		$	—		$	5

Included in Operating Earnings

	Annuities						Protection															Corporate
	Valuation			Market			Valuation			Auto & Home			Auto & Home			Long Term Care			Market			Department of			Affordable Housing
	Assumption &			Impacts			Assumption &			Catastrophe			Prior Year Reserve			Claim Reserve			Impacts			Labor Implementation			Investment
(in millions, unaudited)	Model Changes (6)			to DAC/DSIC (7)			Model Changes (6)			Losses (8)			Development (9)			Adjustment (10)			to DAC/DSIC (7)			Costs (11)			Adjustment (12)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—			—			—			—			—
Net investment income	—			—			—			—			—			—			—			—			(7		)
Premiums	—			—			—			—			—			—			—			—			—
Other revenues	—			—			64			—			—			—			—			—			—
Total revenues	—			—			64			—			—			—			—			—			(7		)
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—
Operating total net revenues	—			—			64			—			—			—			—			—			(7		)
Expenses
Distribution expenses	—			—			(27		)	—			—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—
Benefits, claims, losses and settlement expenses	197			(2		)	46			29			(10		)	29			—			—			—
Amortization of deferred acquisition costs	18			(7		)	65			—			—			—			(1		)	—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—
General and administrative expense	—			—			—			—			—			—			—			7			—
Operating expenses	215			(9		)	84			29			(10		)	29			(1		)	7			—
Pretax operating earnings	$	(215	)	$	9		$	(20	)	$	(29	)	$	10		$	(29	)	$	1		$	(7	)	$	(7	)

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

(2)Variable annuity guaranteed benefit impacts include:

$45 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:

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

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

$6 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)The market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments

(6)Net pretax impact of model changes and the annual review/updating of valuation assumptions, including the annual long term care review

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

(8)Total auto and home catastrophe losses for the quarter, which were $7M higher than expectations

(9)Auto and home prior year reserve development

(10)Long term care correction related to a claim utilization assumption

(11)Incremental expense related to the planning and implementation for the new Department of Labor fiduciary standard

(12)Adjustment for an affordable housing investment to align it with the remaining tax benefit cash flows

39

Ameriprise Financial, Inc.

Disclosed Items

2 Qtr 2016

Excluded from Operating Earnings

	Annuities					Protection					Corporate and Eliminations
			Market Impact on					Market Impact on						Market Impact
	Securities		VA Guaranteed			Securities		Indexed Universal						of Hedges
(in millions, unaudited)	Gains/(Losses) (1)		Benefits (2)			Gains/(Losses) (1)		Life Benefits (3)			CIEs (4)			on Investments (5)
Revenues
Management and financial advice fees	$	—	$	—		$	—	$	—		$	(4	)	$	—
Distribution fees	—		—			—		—			—			—
Net investment income	2		—			3		—			30			(19		)
Premiums	—		—			—		—			—			—
Other revenues	—		—			—		3			—			—
Total revenues	2		—			3		3			26			(19		)
Banking and deposit interest expense	—		—			—		—			—			—
Total net revenues	2		—			3		3			26			(19		)
Expenses
Distribution expenses	—		—			—		—			—			—
Interest credited to fixed accounts	—		—			—		(4		)	—			—
Benefits, claims, losses and settlement expenses	—		60			—		—			—			—
Amortization of deferred acquisition costs	—		(2		)	—		2			—			—
Interest and debt expense	—		—			—		—			24			—
General and administrative expense	—		—			—		—			1			—
Total expenses	—		58			—		(2		)	25			—
Pretax segment income (loss)	2		(58		)	3		5			1			(19		)
Less: Net income (loss) attributable to noncontrolling interest	—		—			—		—			—			—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	2	$	(58	)	$	3	$	5		$	1		$	(19	)

Included in Operating Earnings

	Asset Management			Annuities			Protection			Corporate									Consolidated
				Market			Auto & Home						Department of
	Resolution of			Impacts			Catastrophe			Resolution of			Labor Implementation			Loss on Sale of			Tax
(in millions, unaudited)	Legal Matter (6)			to DAC/DSIC (7)			Losses (8)			Legal Matter (6)			Costs (9)			Real Estate (10)			Benefit (11)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—			—			—
Net investment income	—			—			—			—			—			—			—
Premiums	—			—			—			—			—			—			—
Other revenues	—			—			—			—			—			(4		)	—
Total revenues	—			—			—			—			—			(4		)	—
Banking and deposit interest expense	—			—			—			—			—			—			—
Operating total net revenues	—			—			—			—			—			(4		)	—
Expenses
Distribution expenses	—			—			—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			37			—			—			—			—
Amortization of deferred acquisition costs	—			(1		)	—			—			—			—			—
Interest and debt expense	—			—			—			—			—			—			—
General and administrative expense	9			—			—			14			7			—			—
Operating expenses	9			(1		)	37			14			7			—			—
Pretax operating earnings	$	(9	)	$	1		$	(37	)	$	(14	)	$	(7	)	$	(4	)	$	—
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:

$61 million net expense related to hedged variable annuity benefits

$3 million decrease in DAC and DSIC amortization resulting from hedged benefits

(3)Indexed universal life benefit impacts include:

$4 million net benefit related to hedged indexed universal life benefits

$2 million increase in DAC amortization resulting from hedged indexed universal life benefits

$3 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)The market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments

(6)Resolution of a legacy legal matter related to the hedge fund business

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

(8)Total auto and home catastrophe losses for the quarter

(9)Incremental expense related to the planning and implementation for the new Department of Labor fiduciary standard

(10)Loss associated with the sale of operations center real estate

(11)Benefit from completion of tax audits from previous years

40

Ameriprise Financial, Inc.

Disclosed Items

1 Qtr 2016

Excluded from Operating Earnings

	Advice & Wealth Management			Asset Management			Annuities						Protection					Corporate and Eliminations
										Market Impact on					Market Impact on									Market Impact
	Securities			Securities			Securities			VA Guaranteed			Securities		Indexed Universal						Securities			of Hedges
(in millions, unaudited)	Gains/(Losses) (1)			Gains/(Losses) (1)			Gains/(Losses) (1)			Benefits (2)			Gains/(Losses) (1)		Life Benefits (3)			CIEs (4)			Gains/(Losses) (1)			on Investments (5)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—	$	—		$	(4	)	$	—		$	—
Distribution fees	—			—			—			—			—		—			—			—			—
Net investment income	(1		)	(3		)	(2		)	—			1		—			28			(11		)	(40		)
Premiums	—			—			—			—			—		—			—			—			—
Other revenues	—			—			—			—			—		9			—			—			—
Total revenues	(1		)	(3		)	(2		)	—			1		9			24			(11		)	(40		)
Banking and deposit interest expense	—			—			—			—			—		—			—			—			—
Total net revenues	(1		)	(3		)	(2		)	—			1		9			24			(11		)	(40		)
Expenses
Distribution expenses	—			—			—			—			—		—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—		(16		)	—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			(33		)	—		—			—			—			—
Amortization of deferred acquisition costs	—			—			—			16			—		6			—			—			—
Interest and debt expense	—			—			—			—			—		—			26			—			—
General and administrative expense	—			—			—			—			—		—			—			—			—
Total expenses	—			—			—			(17		)	—		(10		)	26			—			—
Pretax segment income (loss)	(1		)	(3		)	(2		)	17			1		19			(2		)	(11		)	(40		)
Less: Net income (loss) attributable to noncontrolling interest	—			—			—			—			—		—			—			—			—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	(1	)	$	(3	)	$	(2	)	$	17		$	1	$	19		$	(2	)	$	(11	)	$	(40	)

Included in Operating Earnings

	Annuities						Protection
	Market			Market			Market			Life & Health			Auto & Home
	Impacts			Impacts on			Impacts			Reinsurance Recapture			Catastrophe
(in millions, unaudited)	to DAC/DSIC (6)			SOP Reserves (7)			to DAC/DSIC (6)			and Model Changes (8)			Losses (9)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—
Net investment income	—			—			—			—			—
Premiums	—			—			—			—			—
Other revenues	—			—			—			6			—
Total revenues	—			—			—			6			—
Banking and deposit interest expense	—			—			—			—			—
Operating total net revenues	—			—			—			6			—
Expenses
Distribution expenses	—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—
Benefits, claims, losses and settlement expenses	1			3			—			(3		)	23
Amortization of deferred acquisition costs	5			—			1			3			—
Interest and debt expense	—			—			—			—			—
General and administrative expense	—			—			—			—			—
Operating expenses	6			3			1			—			23
Pretax operating earnings	$	(6	)	$	(3	)	$	(1	)	$	6		$	(23	)

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

(2)Variable annuity guaranteed benefit impacts include:

$34 million net benefit related to hedged variable annuity benefits

$17 million increase in DAC and DSIC amortization resulting from hedged benefits

(3)Indexed universal life benefit impacts include:

$16 million net benefit related to hedged indexed universal life benefits

$6 million increase in DAC amortization resulting from hedged indexed universal life benefits

$9 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)The market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments

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

(7)Market impact on reserves for insurance features in non-traditional contracts

(8)Reinsurance recapture and other actuarial model updates

(9)Total auto and home catastrophe losses for the quarter, which were $14 million higher than expectations

41

Ameriprise Financial, Inc.

Disclosed Items

4 Qtr 2015

Excluded from Operating Earnings

	Advice & Wealth Management		Annuities						Protection					Corporate and Eliminations
						Market Impact on					Market Impact on									Market Impact
	Securities		Securities			VA Guaranteed			Securities		Indexed Universal						Integration			of Hedges
(in millions, unaudited)	Gains/(Losses) (1)		Gains/(Losses) (1)			Benefits (2)			Gains/(Losses) (1)		Life Benefits (3)			CIEs (4)			Charges (5)			on Investments (6)
Revenues
Management and financial advice fees	$	—	$	—		$	—		$	—	$	—		$	(31	)	$	—		$	—
Distribution fees	—		—			—			—		—			—			—			—
Net investment income	1		(5		)	—			3		—			70			—			11
Premiums	—		—			—			—		—			—			—			—
Other revenues	—		—			—			—		2			74			—			—
Total revenues	1		(5		)	—			3		2			113			—			11
Banking and deposit interest expense	—		—			—			—		—			—			—			—
Total net revenues	1		(5		)	—			3		2			113			—			11
Expenses
Distribution expenses	—		—			—			—		—			—			—			—
Interest credited to fixed accounts	—		—			—			—		(1		)	—			—			—
Benefits, claims, losses and settlement expenses	—		—			165			—		—			—			—			—
Amortization of deferred acquisition costs	—		—			(26		)	—		2			—			—			—
Interest and debt expense	—		—			—			—		—			82			—			—
General and administrative expense	—		—			—			—		—			8			1			—
Total expenses	—		—			139			—		1			90			1			—
Pretax segment income (loss)	1		(5		)	(139		)	3		1			23			(1		)	11
Less: Net income (loss) attributable to noncontrolling interest	—		—			—			—		—			23			—			—
Pretax segment gain (loss) attributable to Ameriprise Financial	$	1	$	(5	)	$	(139	)	$	3	$	1		$	—		$	(1	)	$	11

Included in Operating Earnings

	Annuities			Protection						Consolidated
	Market			Life Insurance
	Impacts			Assumption			Auto & Home			Tax
(in millions, unaudited)	to DAC/DSIC (7)			Change (8)			Reserves (9)			Benefit (10)
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		)	(28		)	57			—
Amortization of deferred acquisition costs	(5		)	—			—			—
Interest and debt expense	—			—			—			—
General and administrative expense	—			—			—			—
Operating expenses	(6		)	(28		)	57			—
Pretax operating earnings	$	6		$	28		$	(57	)	$	—
Tax benefit										$	26

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

(2)Variable annuity guaranteed benefit impacts include:

$168 million net expense related to hedged variable annuity benefits

$29 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

$2 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)Integration charges related to JHS Capital Advisors acquisition

(6)The market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments

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

(8)Life insurance reserve reduction resulting from an assumption change

(9)Reserve strengthening primarily in auto line

(10)Dividends received deduction benefit

42

Exhibit B

Statistical Supplement Package

(unaudited)

Fourth Quarter 2016

Non-GAAP Financial Measure Reconciliations

43

Ameriprise Financial, Inc.

Non-GAAP Financial Measure Reconciliations

Fourth Quarter 2016

																Year-to-date
(in millions unless otherwise noted, unaudited)	4 Qtr 2015			1 Qtr 2016			2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			2015			2016
Return on Equity
Net income attributable to Ameriprise Financial (last twelve months)	$	1,562		$	1,533		$	1,453		$	1,271		$	1,314		$	1,562		$	1,314
Less adjustments (1)	(154		)	(149		)	(174		)	(154		)	(113		)	(154		)	(113		)
Operating earnings (last twelve months)	$	1,716		$	1,682		$	1,627		$	1,425		$	1,427		$	1,716		$	1,427
Total Ameriprise Financial shareholders’ equity (five point quarter end average)	$	7,782		$	7,576		$	7,355		$	7,139		$	6,877		$	7,782		$	6,877
Less AOCI, net of tax (five point quarter end average)	516			472			459			478			426			516			426
Total Ameriprise Financial shareholders’ equity excluding AOCI (five point quarter end average)	7,266			7,104			6,896			6,661			6,451			7,266			6,451
Less equity impacts attributable to the consolidated investment entities (five point quarter end average)	216			170			114			62			27			216			27
Operating equity (five point quarter end average)	$	7,050		$	6,934		$	6,782		$	6,599		$	6,424		$	7,050		$	6,424
Return on equity excluding AOCI	21.5		%	21.6		%	21.1		%	19.1		%	20.4		%	21.5		%	20.4		%
Operating return on equity excluding AOCI	24.3		%	24.3		%	24.0		%	21.6		%	22.2		%	24.3		%	22.2		%
Effective Tax Rate
Pretax income	$	446		$	475		$	410		$	238		$	469		$	2,142		$	1,592
Less pretax income (loss) attributable to noncontrolling interests	23			—			—			—			—			125			—
Pretax income excluding noncontrolling interests	423			475			410			238			469			2,017			1,592
Less adjustments (2)	(129		)	(22		)	(66		)	(19		)	(66		)	(237		)	(173		)
Pretax operating earnings	$	552		$	497		$	476		$	257		$	535		$	2,254		$	1,765
Income tax provision	$	66		$	111		$	75		$	23		$	69		$	455		$	278
Operating income tax provision	$	111		$	119		$	97		$	30		$	92		$	538		$	338
Effective tax rate	14.8		%	23.3		%	18.4		%	9.7		%	14.5		%	21.3		%	17.4		%
Effective tax rate excluding noncontrolling interests	15.6		%	23.3		%	18.4		%	9.7		%	14.5		%	22.6		%	17.4		%
Operating effective tax rate	20.1		%	23.9		%	20.4		%	11.7		%	17.2		%	23.9		%	19.2		%

(1)Adjustments reflect the trailing twelve months’ sum of after-tax net realized investment gains/losses, net of DSIC and DAC amortization, unearned revenue amortization and the reinsurance accrual; the market impact on variable annuity guaranteed benefits, net of hedges and the 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; the market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments; integration/restructuring charges; and net income (loss) from consolidated investment entities. After-tax is calculated using the statutory tax rate of 35%.

(2)Adjustments reflect net realized investment gains/losses, net of DSIC and DAC amortization, unearned revenue amortization and the reinsurance accrual; the market impact on variable annuity guaranteed benefits net of hedges and the 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; the market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments; integration/restructuring charges; and the impact of consolidated investment entities.

44

Ameriprise Financial, Inc.

Non-GAAP Financial Measure Reconciliations

Fourth Quarter 2016

(in millions unless otherwise noted, unaudited)	December 31, 2015			March 31, 2016			June 30, 2016			September 30, 2016			December 31, 2016
Long-term Debt Summary
Senior notes	$	2,350		$	2,350		$	2,350		$	2,850		$	2,850
Junior subordinated notes	245			229			—			—			—
Capital lease obligations	60			58			55			52			49
Fair value of hedges, unamortized discount and debt issuance costs	37			46			47			32			18
Total Ameriprise Financial long-term debt	2,692			2,683			2,452			2,934			2,917
Less fair value of hedges, unamortized discount and debt issuance costs	37			46			47			32			18
Less capital lease obligations	60			58			55			52			49
Total Ameriprise Financial long-term debt excluding fair value of hedges, unamortized discount, debt issuance costs and capital lease obligations	$	2,595		$	2,579		$	2,350		$	2,850		$	2,850
Equity Summary
Total equity	$	8,379		$	7,067		$	7,063		$	6,770		$	6,292
Less noncontrolling interests	1,188			—			—			—			—
Total Ameriprise Financial shareholders’ equity	7,191			7,067			7,063			6,770			6,292
Less equity of consolidated investment entities	131			1			—			—			—
Total Ameriprise Financial shareholders’ equity excluding CIEs	$	7,060		$	7,066		$	7,063		$	6,770		$	6,292
Capital Summary
Total Ameriprise Financial long-term debt	$	2,692		$	2,683		$	2,452		$	2,934		$	2,917
Total Ameriprise Financial shareholders’ equity	7,191			7,067			7,063			6,770			6,292
Total Ameriprise Financial capital	9,883			9,750			9,515			9,704			9,209
Less equity of consolidated investment entities	131			1			—			—			—
Less fair value of hedges, unamortized discount and debt issuance costs	37			46			47			32			18
Less capital lease obligations	60			58			55			52			49
Total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, debt issuance costs, capital lease obligations and equity of CIEs	$	9,655		$	9,645		$	9,413		$	9,620		$	9,142
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	27.2		%	27.5		%	25.8		%	30.2		%	31.7		%
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, debt issuance costs, capital lease obligations and equity of CIEs	26.9		%	26.7		%	25.0		%	29.6		%	31.2		%
Ameriprise Financial shareholders’ equity	$	7,191		$	7,067		$	7,063		$	6,770		$	6,292
AOCI	253			442			638			595			200
Appropriated retained earnings/retained earnings attributable to CIEs	137			—			—			—			—
AOCI attributable to CIEs	(6		)	1			—			—			—
Ameriprise Financial shareholders’ equity	$	7,191		$	7,067		$	7,063		$	6,770		$	6,292
Less AOCI	253			442			638			595			200
Ameriprise Financial shareholders’ equity excluding AOCI	$	6,938		$	6,625		$	6,425		$	6,175		$	6,092
Ameriprise Financial shareholders’ equity	$	7,191		$	7,067		$	7,063		$	6,770		$	6,292
Less appropriated retained earnings/retained earnings attributable to CIEs	137			—			—			—			—
Less AOCI	253			442			638			595			200
Ameriprise Financial shareholders’ equity excluding CIEs and AOCI	$	6,801		$	6,625		$	6,425		$	6,175		$	6,092

45