Edgar Filing: AMERIPRISE FINANCIAL INC

Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q


x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 30, 2018


o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from_______________________to_______________________

Commission File No. 1-32525

AMERIPRISE FINANCIAL INC

(Exact name of registrant as specified in its charter)



Delaware		13-3180631
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
1099 Ameriprise Financial Center, Minneapolis, Minnesota		55474
(Address of principal executive offices)		(Zip Code)

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

Former name, former address and former fiscal year, if changed since last report: Not Applicable

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No o



Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer x		Accelerated Filer o
Non-Accelerated Filer o		Smaller reporting company o
		Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.



Class		Outstanding at October 19, 2018
Common Stock (par value $.01 per share)		139,356,365 shares

AMERIPRISE FINANCIAL, INC.

FORM 10-Q

INDEX



Part I. Financial Information
Item 1. Financial Statements (Unaudited)
Consolidated Statements of Operations — Three months and nine months ended September 30, 2018 and 2017				3
Consolidated Statements of Comprehensive Income — Three months and nine months ended September 30, 2018 and 2017				4
Consolidated Balance Sheets — September 30, 2018 and December 31, 2017				5
Consolidated Statements of Equity — Nine months ended September 30, 2018 and 2017				6
Consolidated Statements of Cash Flows — Nine months ended September 30, 2018 and 2017				7
Notes to Consolidated Financial Statements				9
1. Basis of Presentation				9
2. Recent Accounting Pronouncements				10
3. Revenue from Contracts with Customers				14
4. Variable Interest Entities				19
5. Investments				25
6. Financing Receivables				28
7. Deferred Acquisition Costs and Deferred Sales Inducement Costs				31
8. Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities				32
9. Variable Annuity and Insurance Guarantees				33
10. Debt				34
11. Fair Values of Assets and Liabilities				35
12. Offsetting Assets and Liabilities				46
13. Derivatives and Hedging Activities				48
14. Shareholders’ Equity				52
15. Regulatory Requirements				55
16. Income Taxes				55
17. Contingencies				56
18. Earnings per Share				57
19. Segment Information				57
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations				60
Item 3. Quantitative and Qualitative Disclosures About Market Risk				94
Item 4. Controls and Procedures				94

Part II. Other Information				95
Item 1. Legal Proceedings				95
Item 1A. Risk Factors				95
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds				95
Item 6. Exhibits				96
Signatures				97

AMERIPRISE FINANCIAL, INC.

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)



Three Months Ended September 30,		Nine Months Ended September 30,
2018	2017