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) July 25, 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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

Item 2.02Results of Operations and Financial Condition.

On July 25, 2017, Ameriprise Financial, Inc. (the “Company,” “we,” or “our”) issued a press release announcing its financial results for the second quarter of 2017.  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 June 30, 2017.

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 2017 and 2016 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; basic operating earnings per share; 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; total equity excluding AOCI; total equity excluding CIEs; total equity excluding CIEs and AOCI; 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 July 25, 2017 announcing financial results for the second quarter of 2017
Exhibit 99.2	Statistical Supplement for the quarterly period ended June 30, 2017

2

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: July 25, 2017	By	/s/ Walter S. Berman
		Walter S. Berman
		Executive Vice President and
		Chief Financial Officer

3

EX-99.1

Exhibit 99.1

7Ameriprise Financial, Inc.
Ameriprise Financial Center
Minneapolis, MN 55474

News Release

Ameriprise Financial Reports

Second Quarter 2017 Results

Second quarter 2017 net income per diluted share increased 27 percent to $2.50

Operating EPS increased 26 percent to $2.80

Second quarter 2017 return on equity excluding AOCI was 23.0 percent
 Operating ROE excluding AOCI was 25.2 percent or 27.7 percent before annual unlocking(1)

MINNEAPOLIS — July 25, 2017 — Ameriprise Financial, Inc. (NYSE: AMP) today reported second quarter 2017 net income of $393 million, up 17 percent compared to a year ago, or $2.50 per diluted share, up 27 percent. Operating earnings were $441 million, up 16 percent compared to a year ago, with operating earnings per diluted share of $2.80, up 26 percent.

GAAP Results — Second quarter

Net revenues of $3.0 billion increased 4 percent, or $114 million, from a year ago, primarily due to strong revenue growth in Advice & Wealth Management. Normalizing for the net impacts of transitioning advisory accounts to share classes without 12b-1 fees, net revenues increased 6 percent due to strong net revenue growth in Advice & Wealth Management from growth in client assets.

Expenses of $2.5 billion increased 1 percent, or $13 million, from a year ago, reflecting increased distribution expense from higher advisor productivity, as well as the market impact on variable annuity guaranteed benefits. General and administrative expenses declined 3 percent reflecting ongoing expense discipline.

Operating Results — Second quarter

Normalizing for the net impacts of transitioning advisory accounts to share classes without 12b-1 fees, operating net revenue increased 5 percent due to strong 13 percent net revenue growth in Advice & Wealth Management from growth in client assets. In total, operating net revenues of $3.0 billion increased 3 percent, or $94 million.

Operating expenses of $2.4 billion decreased 1 percent, or $14 million, from a year ago. General and administrative expenses declined 3 percent reflecting ongoing expense discipline.

The company continued to deliver a strong return to shareholders through share repurchases and dividends of $481 million in the quarter.

(1)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.

1

“Ameriprise delivered strong results in the second quarter led by significant gains in wealth management,” said Jim Cracchiolo, chairman and chief executive officer. “We’re generating good growth that reflects the value of the advice and the solutions we provide our clients. In this low volatility environment, clients are putting their money to work, which fueled a record quarter for net inflows in fee-based investment advisory accounts at $4.5 billion and nice gains in advisor productivity.”

“We remain focused on serving our clients and supporting our advisors while we execute our strategy for growth and long-term value creation. As our fee-based businesses become even larger contributors of our earnings, we’re generating strong free cash flow that we invest for business growth and return to shareholders. In 2017, we’ve returned nearly $1 billion to shareholders and our return on equity remains among the highest in the industry.”

Ameriprise Financial, Inc.
Second Quarter Summary

	Quarter Ended June 30,				% Better/		Per Diluted Share Quarter Ended June 30,				% Better/
(in millions, except per share amounts, unaudited)	2017		2016		(Worse)		2017		2016		(Worse)
Net income	$	393	$	335	17	%	$	2.50	$	1.97	27	%
Adjustments, net of tax (1) (see reconciliation on p. 15)	48		44				0.30		0.26
Operating earnings (2)	$	441	$	379	16	%	$	2.80	$	2.23	26	%
Weighted average common shares outstanding:
Basic	155.1		168.3
Diluted	157.5		170.1

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

(2)The company believes the presentation of operating earnings best represents the economics of the business.  Operating earnings, after-tax, exclude the consolidation of certain investment entities; net realized 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 certain notable items that are discussed in the segment commentary and detailed on page 14.

Taxes

The operating effective tax rate in the quarter was 24.5 percent compared to 20.4 percent a year ago. Taxes in the current quarter reflect the adoption of stock compensation accounting guidance, which had a favorable $4 million impact in the quarter. The company estimates that its full year 2017 operating effective tax rate will be approximately 23 percent.

2

Second Quarter 2017 Highlights

Ameriprise continues to transform its business mix, which enables a differentiated return of capital to shareholders and consistent investment in the business

·Total assets under management and administration increased 7 percent to $835 billion from Ameriprise advisor client net inflows.

·The company continued to deliver a differentiated level of capital return to shareholders while maintaining strong balance sheet fundamentals and excess capital position. The company repurchased 2.8 million shares of common stock for $352 million and paid $129 million in quarterly dividends.

Wealth Management continues to demonstrate strong results, including growth in fee-based assets, increased advisor productivity and margin expansion

·Advice & Wealth Management client assets increased to a record $512 billion from attracting more clients in the company’s target market of $500,000 to $5 million in investable assets and strong client net inflows.

·Fee-based investment advisory (wrap) net inflows were $4.5 billion in the quarter, bringing platform AUM to $222 billion, one of the largest in the industry. Wrap inflows grew for the fifth consecutive quarter and reached a new high.

·Ameriprise continues to improve the productivity of its 9,640 advisors by ensuring its advisors can deliver full service financial planning to clients through industry-leading technology and tools, as well as dedicated field leadership and support. The company remains an attractive destination for seasoned and productive advisors, with 81 experienced advisors joining the firm during the quarter.

·Ameriprise Financial was recognized as a leading financial services firm in the latest Temkin Group rankings in key industry categories:

·#1 in the investment industry in customer service

·#1 in forgiveness

·#2 in trust

·On July 1, the company closed its acquisition of Investment Professionals, Inc., an independent broker-dealer based in San Antonio, Texas specializing in the on-site delivery of investment programs for financial institutions, including banks and credit unions. The acquisition adds approximately 200 financial advisors and approximately $8 billion in assets and will be reflected in the company’s third quarter 2017 results.

Global asset management platform with broad capabilities and competitive margins

·Asset Management operating earnings increased 19 percent and adjusted net pretax operating margin was 37.7 percent reflecting AUM growth, stable fee rates and well controlled expenses. Asset Management AUM grew to $473 billion, reflecting market appreciation partially offset by net outflows.

·The vast majority of outflows in the quarter were related to low fee, former parent assets, most of which were event driven. The company has significant relationships with two large clients from previous acquisitions, and periodically our partners adjust their portfolios or we make changes to enhance financial performance that can result in an elevated level of outflows.

3

·Investment performance in equity, fixed income and multi-asset portfolios and institutional strategies remains strong. At quarter end, the company had 114 four- and five-star Morningstar-rated funds.

·Columbia Threadneedle Investments launched the Threadneedle US Disciplined Core Equities Fund and the Threadneedle European Social Bond Fund, which extends its social bond franchise beyond the UK and U.S. to provide access to European investors.

Values-based, client-focused firm

·Ameriprise was recognized as a Top 50 Best Place to Work by the employment site Indeed.com.

·Columbia Threadneedle Investments was named the Employer of the Year at the 2017 Women in Finance awards in the UK.

·Nearly 4,000 Ameriprise employees, advisors and clients came together on June 16 to provide food for people in need. Working at more than 200 hunger-relief events across the country, Ameriprise volunteers packaged and prepared meals to help the 1 in 8 Americans who struggle with hunger. The events were the first of two nationwide service days Ameriprise organizes in partnership with Feeding America® each year, reflecting the company’s ongoing commitment to help ensure hungry families and individuals have access to food.

4

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

	Quarter Ended June 30,						% Better/
(in millions, unaudited)	2017			2016			(Worse)
Advice & Wealth Management
Net revenues	$	1,348		$	1,250		8	%
Expenses	1,057			1,029			(3	)%
Pretax operating earnings	$	291		$	221		32	%
Pretax operating margin	21.6		%	17.7		%

	Quarter Ended June 30,				% Better/
	2017		2016		(Worse)
Retail client assets (billions)	$	512	$	462	11	%
Wrap net flows (billions)	$	4.5	$	2.3	94	%
Brokerage cash balance (billions)	$	25.6	$	23.2	10	%
Operating net revenue per branded advisor (trailing 12 months - thousands)	$	541	$	507	7	%
Operating net revenue per branded advisor normalizing for the net impact of 12b-1 fee changes (quarterly - thousands)	$	139	$	122	14	%

Advice & Wealth Management pretax operating earnings increased 32 percent to $291 million driven by asset growth, higher earnings on cash balances and well controlled expenses. This resulted in strong 390 basis points of margin expansion and a record pretax operating margin of 21.6 percent, up from 17.7 percent a year ago.

Operating net revenues were $1.3 billion reflecting strong net inflows into wrap accounts, higher earnings on cash balances and market appreciation. Operating net revenues grew 13 percent, normalizing for the 12b-1 fee net impacts during the quarter. Results in the quarter reflect the full impacts of the company’s transition to share classes without 12b-1 fees in advisory accounts, which reduced revenue by a net $54 million. Client asset growth remains strong as the company continues to see asset growth in fee-based wrap accounts outpacing growth in brokerage account balances.

Operating expenses increased 3 percent to $1.1 billion primarily from higher distribution expenses related to growth in client assets. General and administrative expenses were flat compared to a year ago, reflecting continued strong expense controls.

Total retail client assets increased to a high of $512 billion, driven by client net inflows, client acquisition and market appreciation. Wrap net inflows reached a new high of $4.5 billion in the quarter, which contributed to a 17 percent year-over-year increase in balances to $222 billion. Client cash balances were $25.6 billion, up from a year ago, and certificates balances grew to $6.2 billion.

Total advisors were 9,640 reflecting good recruiting and retention of advisors, with 81 experienced advisors moving their practices to Ameriprise in the quarter. Operating net revenue per advisor on a trailing 12-month basis increased to $541,000. Operating net revenue per advisor on a quarterly basis increased 14 percent after normalizing for the net impact from eliminating 12b-1 fees in advisory accounts.

5

Ameriprise Financial, Inc.

Asset Management Segment Operating Results

	Quarter Ended June 30,						% Better/
(in millions, unaudited)	2017			2016			(Worse)
Asset Management
Net revenues	$	748		$	739		1	%
Expenses	572			591			3	%
Pretax operating earnings	$	176		$	148		19	%
Pretax operating margin	23.5		%	20.0		%
Adjusted net pretax operating margin (1)	37.7		%	33.0		%
Item included in operating earnings:
Resolution of legal matter	$	—		$	(9	)	NM

	Quarter Ended June 30,						% Better/
	2017			2016			(Worse)
Total segment AUM (billions)	$	473		$	460		3	%
Net Flows (billions)
Former parent company related net new flows	$	(7.0	)	$	(2.3	)	NM
Global Retail net flows, excl. former parent flows	(0.6		)	0.2			NM
Global Institutional net flows, excl. former parent flows	(1.1		)	(2.6		)	58	%
Total segment net flows	$	(8.7	)	$	(4.7	)	(85	)%

(1) See reconciliation on page 17

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

Asset Management reported strong pretax operating earnings of $176 million, reflecting market appreciation partially offset by the cumulative impact of net outflows. The year ago quarter included a $9 million legal expense. Second quarter adjusted net pretax operating margin grew to 37.7 percent from 33.0 percent a year ago.

Operating net revenues grew 1 percent to $748 million driven by asset growth from market appreciation, partially offset by the cumulative impact of net outflows. Normalizing for the 12b-1 fee change, operating net revenues grew 3 percent. AUM increased 3 percent to $473 billion.

Operating expenses of $572 million decreased 3 percent reflecting well managed general and administrative expenses, lower distribution expenses from the 12b-1 fee change and the impact of foreign exchange rates, as well as a legal expense in the prior year period.

The vast majority of net outflows in the quarter were low fee, former parent assets, most of which related to specific events. The company has strong relationships with two large clients from previous acquisitions that periodically adjust their portfolios. In addition, we may make changes to enhance financial performance. These actions can result in an elevated level of outflows as the company experienced in the quarter.

·Zurich outflows were $4.5 billion in the quarter and included $3.6 billion of low fee pension assets.

·U.S. Trust outflows of $2.5 billion were elevated in the quarter and included $1.5 billion related to mutually agreed upon actions we took for low fee fixed income products that will improve the economics of the business over time.

6

In global third party institutional, outflows were $1.1 billion. Equity and fixed income mandates funded as expected but these inflows were more than offset by $800 million of CDO liquidations and a $500 million outflow from a large client seeking liquidity.

Global retail outflows were $600 million, excluding former parent relationships. In U.S. retail, outflows were $1.1 billion, reflecting industry pressures on active strategies and reinvested dividends. In EMEA, net inflows were $500 million reflecting good traction in European equity funds.

In the quarter, the company made progress on the multiple strategies in place to address industry flow pressures, including focusing our product offerings in categories where industry assets are flowing and enhancing marketing and distribution effectiveness. The Solutions platform is gaining traction, including gross sales of more than $500 million for the Adaptive Risk Allocation fund in the U.S. and the Dynamic Real Return fund in the UK.

7

Ameriprise Financial, Inc.

Annuities Segment Operating Results

	Quarter Ended June 30,				% Better/
(in millions, unaudited)	2017		2016		(Worse)
Annuities
Net revenues	$	627	$	619	1	%
Expenses	485		473		(3	)%
Pretax operating earnings	$	142	$	146	(3	)%
Variable annuity pretax operating earnings	$	127	$	118	8	%
Fixed annuity pretax operating earnings	15		28		(46	)%
Total pretax operating earnings	$	142	$	146	(3	)%
Item included in operating earnings:
Market impact on DAC and DSIC (mean reversion)	$	9	$	1	NM

	Quarter Ended June 30,						% Better/
	2017			2016			(Worse)
Variable annuity ending account balances (billions)	$	77.4		$	74.6		4	%
Variable annuity net flows (millions)	$	(1,009	)	$	(512	)	(97	)%
Fixed annuity ending account balances (billions)	$	9.6		$	10.3		(7	)%
Fixed annuity net flows (millions)	$	(243	)	$	(256	)	5	%

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

Annuities pretax operating earnings were $142 million compared to $146 million a year ago.

Variable annuity operating earnings were $127 million compared to $118 million a year ago. Increased earnings reflect equity market growth and a favorable market impact on DAC/DSIC, partially offset by the ongoing impact of unlocking and a higher lapse rate. Variable annuity account balances increased 4 percent to $77 billion due to market appreciation partially offset by net outflows. Variable annuity net outflows increased to $1 billion due to an 11 percent decline in cash sales and an increase in lapse rates, both in line with industry trends.

Fixed annuity operating earnings decreased to $15 million reflecting continued spread compression given the extended period of low interest rates and lower account balances. In addition, the prior year included a $4 million benefit from higher than expected mortality rates for income annuity contract holders. Account balances declined 7 percent from limited new product sales and higher lapses.

8

Ameriprise Financial, Inc.

Protection Segment Operating Results

	Quarter Ended June 30,						% Better/
(in millions, unaudited)	2017			2016			(Worse)
Protection
Net revenues	$	517		$	538		(4	)%
Expenses	466			500			7	%
Pretax operating earnings	$	51		$	38		34	%
Life and Health insurance net revenues	$	256		$	257		—	%
Life and Health insurance expenses	187			185			(1	)%
Life and Health insurance pretax operating earnings	$	69		$	72		(4	)%
Auto and Home net revenues	$	261		$	281		(7	)%
Auto and Home expenses	279			315			11	%
Auto and Home pretax operating loss	$	(18	)	$	(34	)	47	%
Items included in operating earnings:
Market impact on DAC (mean reversion)	$	—		$	—		—	%
Auto and Home catastrophe losses	(44		)	(37		)	(19	)%
Total protection impact	$	(44	)	$	(37	)	(19	)%

	Quarter Ended June 30,				% Better/
	2017		2016		(Worse)
Life insurance in force (billions)	$	196	$	196	—	%
VUL/UL ending account balances (billions)	$	12.0	$	11.2	7	%
Auto and Home policies in force (thousands)	937		956		(2	)%

Protection pretax operating earnings were $51 million compared to $38 million a year ago.

Life and Health insurance earnings declined to $69 million from $72 million a year ago reflecting the low interest rate environment. Overall claims experience remains within expected ranges; the disability income loss ratio was worse than a year ago when claims were unusually favorable. VUL/UL cash sales were up 18 percent to $78 million.

Auto & Home loss performance continued to improve from rate increases, enhanced underwriting and claims processing, as well as additional use of reinsurance to manage catastrophe risk. The $18 million loss in the quarter reflected improved underlying business performance that was more than offset by $44 million of net catastrophe losses. Consistent with the industry, catastrophe losses were elevated from hail storms in Colorado, Texas and Minnesota. Gross catastrophe losses were substantially mitigated by reinsurance programs established earlier this year.

9

Ameriprise Financial, Inc.

Corporate & Other Segment Operating Results

	Quarter Ended June 30,						% Better/
(in millions, unaudited)	2017			2016			(Worse)
Corporate & Other, Excluding Long Term Care
Pretax operating loss	$	(73	)	$	(76	)	4	%
Long Term Care
Pretax operating loss	$	(3	)	$	(1	)	NM
Items included in operating earnings:
DOL planning and implementation expenses	$	(8	)	$	(7	)	(14	)%
Resolution of legal matter	—			(14		)	NM
Loss on sale of operations center real estate	—			(4		)	NM
Total corporate & other impact	$	(8	)	$	(25	)	68	%
NM Not Meaningful — variance equal to or greater than 100%

Corporate & Other pretax operating loss excluding long term care was $73 million for the quarter and included higher compensation-related expenses and other timing differences. Incremental DOL expenses were $8 million, down from $10 million in the first quarter of 2017. DOL-related expenses are expected to continue to trend down in the second half of the year as the company prepares for the January 2018 effective date.

Long Term Care pretax operating loss was $3 million in the quarter.

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.

10

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

Forward-Looking Statements

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

·The statement in this news release that the fee-based businesses will become larger contributors to total earnings over time;

·the statement that the company estimates that its full year 2017 operating effective tax rate will be approximately 23 percent;

·the statement that DOL-related expenses are expected to trend down in the second half of the year;

·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

11

pertaining to the fiduciary status of investment advice providers to 401(k) plan, plan sponsors, plan participants and the holders of individual retirement or health savings accounts;

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

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

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

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

·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

12

government treasury policy, and policies regarding the financial services industry and publicly held firms, and regulatory rulings and pronouncements.

Management cautions the reader that the foregoing list of factors is not exhaustive. There may also be other risks that management is unable to predict at this time that may cause actual results to differ materially from those in forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Management undertakes no obligation to update publicly or revise any forward-looking statements. The foregoing list of factors should be read in conjunction with the “Risk Factors” discussion under Part 1, Item 1A of and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2016 available at ir.ameriprise.com.

The financial results discussed in this news release represent past performance only, which may not be used to predict or project future results. The financial results and values presented in this news release and the below-referenced Statistical Supplement are based upon asset valuations that represent estimates as of the date of this news release and may be revised in the company’s Quarter Report on Form 10-Q for the quarter ended June 30, 2017. For information about Ameriprise Financial entities, please refer to the Second Quarter 2017 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.

13

Ameriprise Financial, Inc.

After-tax(1) Items Included in Operating Earnings

				Per Diluted Share
	Quarter Ended			Quarter Ended
(in millions, except per share amounts, unaudited)	June 30, 2017			June 30, 2017
Auto & Home catastrophe losses	$	(29	)	$	(0.18	)
Market Impact on DAC/DSIC	$	6		$	0.04
Tax benefit from adopting new accounting standard	$	4		$	0.03
DOL planning and implementation expenses	$	(5	)	$	(0.03	)

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

14

Reconciliation Tables

Ameriprise Financial, Inc.

Reconciliation Table: Earnings

							Per Diluted Share
	Quarter Ended						Quarter Ended
	June 30,						June 30,
(in millions, except per share amounts, unaudited)	2017			2016			2017			2016
Net income	$	393		$	335		$	2.50		$	1.97
Less: Net income (loss) attributable to consolidated investment entities	—			—			—			—
Add: Market impact on variable annuity guaranteed benefits (1)	80			58			0.51			0.34
Add: Market impact on indexed universal life benefits (1)	6			(5		)	0.04			(0.03		)
Add: Market impact of hedges on investments (1)	8			19			0.05			0.11
Add: Net realized investment (gains) losses (1)	(20		)	(5		)	(0.13		)	(0.03		)
Add: Tax effect of adjustments (2)	(26		)	(23		)	(0.17		)	(0.13		)
Operating earnings	$	441		$	379		$	2.80		$	2.23
Weighted average common shares outstanding:
Basic	155.1			168.3
Diluted	157.5			170.1

(1)Pretax operating adjustment.

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

Ameriprise Financial, Inc.

Reconciliation Table: Total Net Revenues

	Quarter Ended
	June 30,
(in millions, unaudited)	2017			2016
Total net revenues	$	2,985		$	2,871
Less: CIEs revenue	25			26
Less: Net realized investment gains (losses)	21			5
Less: Market impact on indexed universal life benefits	(3		)	3
Less: Market impact of hedges on investments	(8		)	(19		)
Operating total net revenues	2,950			2,856
Less: Net impacts of transitioning advisory accounts to share classes without 12b-1 fees	10			64
Operating total net revenues excluding 12b-1 impact	$	2,940		$	2,792

15

Ameriprise Financial, Inc.

Reconciliation Table: Total Expenses

	Quarter Ended
	June 30,
(in millions, unaudited)	2017		2016
Total expenses	$	2,474	$	2,461
Less: CIEs expenses	24		25
Less: Market impact on variable annuity guaranteed benefits	80		58
Less: Market impact on indexed universal life benefits	3		(2		)
Less: DAC/DSIC offset to net realized investment gains (losses)	1		—
Operating expenses	$	2,366	$	2,380

Ameriprise Financial, Inc.

Reconciliation Table: Pretax Operating Earnings

	Quarter Ended
	June 30,
(in millions, unaudited)	2017		2016
Operating total net revenues	$	2,950	$	2,856
Operating expenses	2,366		2,380
Pretax operating earnings	$	584	$	476

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

	Quarter Ended
	June 30,
(in millions, unaudited)	2017		2016
General and administrative expense	$	739	$	763
Less: CIEs expenses	2		1
Operating general and administrative expense	$	737	$	762

Ameriprise Financial, Inc.
Reconciliation Table: Effective Tax Rate

	Quarter Ended June 30, 2017
(in millions, unaudited)	GAAP			Operating
Pretax income	$	511		$	584
Income tax provision	$	118		$	143
Effective tax rate	23.1		%	24.5		%

16

Ameriprise Financial, Inc.
Reconciliation Table: Effective Tax Rate

	Quarter Ended June 30, 2016
(in millions, unaudited)	GAAP			Operating
Pretax income	$	410		$	476
Income tax provision	$	75		$	97
Effective tax rate	18.4		%	20.4		%

Ameriprise Financial, Inc.

Reconciliation Table: Advice & Wealth Management Operating Net Revenues

	Quarter Ended June 30,
(in millions, unaudited)	2017		2016
Operating net revenues	$	1,348	$	1,250
Less: Net impact of transitioning advisory accounts to share classes without 12b-1 fees	10		64
Operating total net revenues normalized for 12b-1 impact	$	1,338	$	1,186

Ameriprise Financial, Inc.

Reconciliation Table: Asset Management Operating Net Revenues

	Quarter Ended June 30,
(in millions, unaudited)	2017		2016
Operating net revenues	$	748	$	739
Less: Net impact of transitioning advisory accounts to share classes without 12b-1 fees	—		13
Operating total net revenues normalized for 12b-1 impact	$	748	$	726

Ameriprise Financial, Inc.

Reconciliation Table: Asset Management Adjusted Net Pretax Operating Margin

	Quarter Ended June 30,
(in millions, unaudited)	2017			2016
Operating total net revenues	$	748		$	739
Less: Distribution pass through revenues	195			203
Less: Subadvisory and other pass through revenues	91			88
Adjusted operating revenues	$	462		$	448
Pretax operating earnings	$	176		$	148
Less: Operating net investment income	6			5
Add: Amortization of intangibles	4			5
Adjusted operating earnings	$	174		$	148
Pretax operating margin	23.5		%	20.0		%
Adjusted net pretax operating margin	37.7		%	33.0		%

17

Ameriprise Financial, Inc.

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

	Twelve Months Ended
	June 30,
(in millions, unaudited)	2017			2016
Net income	$	1,411		$	1,453
Less: Adjustments (1)	(132		)	(174		)
Operating earnings	1,543			1,627
Less: Unlocking, net of tax (2)	(153		)	27
Operating earnings excluding unlocking	$	1,696		$	1,600
Total Ameriprise Financial, Inc. shareholders’ equity	$	6,520		$	7,355
Less: Accumulated other comprehensive income, net of tax	390			459
Total Ameriprise Financial, Inc. shareholders’ equity excluding AOCI	6,130			6,896
Less: Equity impacts attributable to the consolidated investment entities	—			114
Operating equity	$	6,130		$	6,782
Return on equity excluding AOCI	23.0		%	21.1		%
Operating return on equity excluding AOCI (3)	25.2		%	24.0		%
Operating return on equity excluding AOCI and unlocking	27.7		%	23.6		%

(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%.

18

Ameriprise Financial, Inc.
Consolidated GAAP Results

	Quarter Ended June 30,				% Better/
(in millions, unaudited)	2017		2016		(Worse)
Revenues
Management and financial advice fees	$	1561	$	1,439	8	%
Distribution fees	430		448		(4	)
Net investment income	391		372		5
Premiums	348		372		(6	)
Other revenues	267		248		8
Total revenues	2,997		2,879		4
Banking and deposit interest expense	12		8		(50	)
Total net revenues	2,985		2,871		4
Expenses
Distribution expenses	832		803		(4	)
Interest credited to fixed accounts	171		158		(8	)
Benefits, claims, losses and settlement expenses	611		597		(2	)
Amortization of deferred acquisition costs	69		87		21
Interest and debt expense	52		53		2
General and administrative expense	739		763		3
Total expenses	2,474		2,461		(1	)
Pretax income	511		410		25
Income tax provision	118		75		(57	)
Net income	$	393	$	335	17

19

EX-99.2

Exhibit 99.2

Statistical Supplement Package

(unaudited)

Second Quarter 2017

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
Corporate & Other Segment Details	44
Exhibit C
Non-GAAP Financial Measure Reconciliations	47

2

Statistical Supplement Package

(unaudited)

Second Quarter 2017

Consolidated Results

3

Ameriprise Financial, Inc.

Statistical Supplement Presentation

Second Quarter 2017

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 C “Non-GAAP Financial Measure Reconciliations” on pages 47 and 48.

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

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions, except per share amounts, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	1,439		$	1,464		$	1,489		$	1,482		$	1,561		$	2,825		$	3,043		$	122		8	%	$	218		8	%	$	79		5	%
Distribution fees	448			455			457			443			430			883			873			(18		)	(4	)%	(10		)	(1	)%	(13		)	(3	)%
Net investment income	372			387			486			391			391			703			782			19			5	%	79			11	%	—			—
Premiums	372			374			377			339			348			740			687			(24		)	(6	)%	(53		)	(7	)%	9			3	%
Other revenues	248			330			263			256			267			502			523			19			8	%	21			4	%	11			4	%
Total revenues	2,879			3,010			3,072			2,911			2,997			5,653			5,908			118			4	%	255			5	%	86			3	%
Banking and deposit interest expense	8			12			10			10			12			17			22			4			50	%	5			29	%	2			20	%
Total net revenues	2,871			2,998			3,062			2,901			2,985			5,636			5,886			114			4	%	250			4	%	84			3	%
Expenses
Distribution expenses	803			798			831			823			832			1,573			1,655			29			4	%	82			5	%	9			1	%
Interest credited to fixed accounts	158			161			158			162			171			304			333			13			8	%	29			10	%	9			6	%
Benefits, claims, losses and settlement expenses	597			855			712			567			611			1,079			1,178			14			2	%	99			9	%	44			8	%
Amortization of deferred acquisition costs	87			163			55			72			69			197			141			(18		)	(21	)%	(56		)	(28	)%	(3		)	(4	)%
Interest and debt expense	53			52			81			50			52			108			102			(1		)	(2	)%	(6		)	(6	)%	2			4	%
General and administrative expense	763			731			756			752			739			1,490			1,491			(24		)	(3	)%	1			—		(13		)	(2	)%
Total expenses	2,461			2,760			2,593			2,426			2,474			4,751			4,900			13			1	%	149			3	%	48			2	%
Pretax income	410			238			469			475			511			885			986			101			25	%	101			11	%	36			8	%
Income tax provision	75			23			69			72			118			186			190			43			57	%	4			2	%	46			64	%
Net income	$	335		$	215		$	400		$	403		$	393		$	699		$	796		$	58		17	%	$	97		14	%	$	(10	)	(2	)%
Net Investment Income
Investment income on fixed maturities	$	343		$	342		$	340		$	337		$	335		$	686		$	672		$	(8	)	(2	)%	$	(14	)	(2	)%	$	(2	)	(1	)%
Realized investment gains (losses)	5			6			11			17			21			(11		)	38			16			#		49			#		4			24	%
Affordable housing	(11		)	(17		)	(9		)	(12		)	(13		)	(18		)	(25		)	(2		)	(18	)%	(7		)	(39	)%	(1		)	(8	)%
Other (including seed money)	5			25			78			24			20			(12		)	44			15			#		56			#		(4		)	(17	)%
Consolidated investment entities	30			31			66			25			28			58			53			(2		)	(7	)%	(5		)	(9	)%	3			12	%
Total net investment income	$	372		$	387		$	486		$	391		$	391		$	703		$	782		$	19		5	%	$	79		11	%	$	—		—
Earnings Per Share
Basic earnings per share	$	1.99		$	1.31		$	2.49		$	2.56		$	2.53		$	4.10		$	5.09		$	0.54		27	%	$	0.99		24	%	$	(0.03	)	(1	)%
Earnings per diluted share	$	1.97		$	1.30		$	2.46		$	2.52		$	2.50		$	4.06		$	5.01		$	0.53		27	%	$	0.95		23	%	$	(0.02	)	(1	)%
Earnings per diluted share growth	(11.7		)%	(40.1		)%	23.0		%	20.6		%	26.9		%	(5.6		)%	23.4		%	38.6		%			29.0		%			6.3		%
Weighted average common shares outstanding
Basic weighted average common shares outstanding	168.3			164.0			160.4			157.5			155.1			170.4			156.3			(13.2		)	(8	)%	(14.1		)	(8	)%	(2.4		)	(2	)%
Effect of potentially dilutive nonqualified stock options and other share-based awards	1.8			1.8			2.0			2.6			2.4			1.8			2.5			0.6			33	%	0.7			39	%	(0.2		)	(8	)%
Diluted weighted average common shares outstanding	170.1			165.8			162.4			160.1			157.5			172.2			158.8			(12.6		)	(7	)%	(13.4		)	(8	)%	(2.6		)	(2	)%
Metrics
Net revenue growth	(8.2		)%	3.9		%	(1.3		)%	4.9		%	4.0		%	(8.8		)%	4.4		%	12.2		%			13.2		%			(0.9		)%
Pretax income margin	14.3		%	7.9		%	15.3		%	16.4		%	17.1		%	15.7		%	16.8		%	2.8		%			1.1		%			0.7		%
Effective tax rate	18.4		%	9.7		%	14.5		%	15.2		%	23.1		%	21.0		%	19.3		%	4.7		%			(1.7		)%			7.9		%
Total equity / outstanding shares (1)	$	42.60		$	41.76		$	39.70		$	39.81		$	40.64		$	42.60		$	40.64		$	(1.96	)	(5	)%	$	(1.96	)	(5	)%	$	0.83		2	%
Total equity excluding AOCI / outstanding shares (2)(3)	$	38.75		$	38.09		$	38.44		$	38.41		$	38.69		$	38.75		$	38.69		$	(0.06	)	—		$	(0.06	)	—		$	0.28		1	%

(1)Calculated as total equity divided by common shares outstanding plus common stock equivalents outstanding at period end.

(2)Calculated as total equity excluding AOCI divided by common shares outstanding plus common stock equivalents outstanding at period end.

(3)See non-GAAP financial information on pg 33.  Non-GAAP financial measure reconciliations can be found on pages 47 and 48.

# Variance equal to or greater than 100%.

5

Ameriprise Financial, Inc.

Consolidated Operating Results and Highlights

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions except per share amounts, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Revenues
Total net revenues	$	2,871		$	2,998		$	3,062		$	2,901		$	2,985		$	5,636		$	5,886		$	114		4	%	$	250		4	%	$	84		3	%
Less revenues attributable to the CIEs	26			27			51			22			25			50			47			(1		)	(4	)%	(3		)	(6	)%	3			14	%
Less net realized investment gains (losses) (1)	5			6			11			17			21			(11		)	38			16			#		49			#		4			24	%
Less market impact on indexed universal life benefits (1)	3			6			6			1			(3		)	12			(2		)	(6		)	#		(14		)	#		(4		)	#
Less market impact of hedges on investments	(19		)	5			57			1			(8		)	(59		)	(7		)	11			58	%	52			88	%	(9		)	#
Operating total net revenues (2)	$	2,856		$	2,954		$	2,937		$	2,860		$	2,950		$	5,644		$	5,810		$	94		3	%	$	166		3	%	$	90		3	%
Earnings
Net income	$	335		$	215		$	400		$	403		$	393		$	699		$	796		$	58		17	%	$	97		14	%	$	(10	)	(2	)%
Less net income (loss) attributable to the CIEs	—			—			(1		)	1			—			(1		)	1			—			—		2			#		(1		)	#
Market impact on variable annuity guaranteed benefits (1)(3)	58			37			138			63			80			41			143			22			38	%	102			#		17			27	%
Market impact on indexed universal life benefits (1)(3)	(5		)	(7		)	(5		)	—			6			(24		)	6			11			#		30			#		6			—
Market impact of hedges on investments (3)	19			(5		)	(57		)	(1		)	8			59			7			(11		)	(58	)%	(52		)	(88	)%	9			#
Less net realized investment gains (losses) (1)(3)	5			6			11			16			20			(11		)	36			15			#		47			#		4			25	%
Tax effect of adjustments (4)	(23		)	(7		)	(23		)	(16		)	(26		)	(30		)	(42		)	(3		)	(13	)%	(12		)	(40	)%	(10		)	(63	)%
Operating earnings (2)	$	379		$	227		$	443		$	432		$	441		$	757		$	873		$	62		16	%	$	116		15	%	$	9		2	%
Pretax Earnings
Pretax income	$	410		$	238		$	469		$	475		$	511		$	885		$	986		$	101		25	%	$	101		11	%	$	36		8	%
Less pretax income (loss) attributable to the CIEs	1			—			(1		)	1			1			(1		)	2			—			—		3			#		—			—
Market impact on variable annuity guaranteed benefits (1)	58			37			138			63			80			41			143			22			38	%	102			#		17			27	%
Market impact on indexed universal life benefits (1)	(5		)	(7		)	(5		)	—			6			(24		)	6			11			#		30			#		6			—
Market impact of hedges on investments	19			(5		)	(57		)	(1		)	8			59			7			(11		)	(58	)%	(52		)	(88	)%	9			#
Less net realized investment gains (losses) (1)	5			6			11			16			20			(11		)	36			15			#		47			#		4			25	%
Pretax operating earnings (2)	$	476		$	257		$	535		$	520		$	584		$	973		$	1,104		$	108		23	%	$	131		13	%	$	64		12	%
Pretax Operating Margin (2)(5)	16.7		%	8.7		%	18.2		%	18.2		%	19.8		%	17.2		%	19.0		%	3.1		%			1.8		%			1.6		%
Operating Effective Tax Rate (2)(6)	20.4		%	11.7		%	17.2		%	16.9		%	24.5		%	22.2		%	20.9		%	4.1		%			(1.3		)%			7.6		%
Weighted Average Common Shares Outstanding
Basic	168.3			164.0			160.4			157.5			155.1			170.4			156.3			(13.2		)	(8	)%	(14.1		)	(8	)%	(2.4		)	(2	)%
Diluted	170.1			165.8			162.4			160.1			157.5			172.2			158.8			(12.6		)	(7	)%	(13.4		)	(8	)%	(2.6		)	(2	)%
Operating Earnings Per Share (2)
Basic operating earnings per share	$	2.25		$	1.38		$	2.76		$	2.74		$	2.84		$	4.44		$	5.59		$	0.59		26	%	$	1.15		26	%	$	0.10		4	%
Operating earnings per diluted share	$	2.23		$	1.37		$	2.73		$	2.70		$	2.80		$	4.40		$	5.50		$	0.57		26	%	$	1.10		25	%	$	0.10		4	%
Return on Equity
Return on equity excluding AOCI (2)(6)	21.1		%	19.1		%	20.4		%	21.6		%	23.0		%	21.1		%	23.0		%	1.9		%			1.9		%			1.4		%
Operating return on equity excluding AOCI (2)(6)	24.0		%	21.6		%	22.2		%	23.6		%	25.2		%	24.0		%	25.2		%	1.2		%			1.2		%			1.6		%

(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 47.

# Variance equal to or greater than 100%.

6

Ameriprise Financial, Inc.

Consolidated Operating Results and Highlights

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions except per share amounts, headcount and where noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Book Value
Total equity excluding CIEs / outstanding shares (1)(2)	$	42.60		$	41.76		$	39.70		$	39.81		$	40.63		$	42.60		$	40.63		$	(1.97	)	(5	)%	$	(1.97	)	(5	)%	$	0.82		2	%
Total equity excluding CIEs and AOCI / outstanding shares (1)(3)	$	38.75		$	38.09		$	38.44		$	38.41		$	38.69		$	38.75		$	38.69		$	(0.06	)	—		$	(0.06	)	—		$	0.28		1	%
Operating Metrics
Operating total net revenue growth: Target 6 - 8%	(4.3		)%	2.7		%	(1.4		)%	2.6		%	3.3		%	(4.0		)%	2.9		%	7.6		%			6.9		%			0.7		%
Operating earnings per diluted share growth: Target 12 - 15%	(4.3		)%	(41.7		)%	10.5		%	24.4		%	25.6		%	(2.4		)%	25.0		%	29.9		%			27.4		%			1.2		%
Operating return on equity excluding AOCI: Target 19 - 23% (1)	24.0		%	21.6		%	22.2		%	23.6		%	25.2		%	24.0		%	25.2		%	1.2		%			1.2		%			1.6		%
Debt to Capital
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	25.8		%	30.2		%	31.7		%	31.9		%	31.8		%	25.8		%	31.8		%	6.0		%			6.0		%			(0.1		)%
Goodwill and Intangible Assets	$	1,936		$	1,939		$	1,924		$	1,924		$	1,931		$	1,936		$	1,931		$	(5	)	—		$	(5	)	—		$	7		—
Assets Under Management and Administration
Advice & Wealth Management AUM	$	188,590		$	196,186		$	199,712		$	211,740		$	221,074		$	188,590		$	221,074		$	32,484		17	%	$	32,484		17	%	$	9,334		4	%
Asset Management AUM	459,577			467,770			454,413			467,031			472,649			459,577			472,649			13,072			3	%	13,072			3	%	5,618			1	%
Corporate AUM	367			354			346			331			318			367			318			(49		)	(13	)%	(49		)	(13	)%	(13		)	(4	)%
Eliminations	(24,056		)	(24,737		)	(24,841		)	(24,681		)	(24,577		)	(24,056		)	(24,577		)	(521		)	(2	)%	(521		)	(2	)%	104			—
Total Assets Under Management	624,478			639,573			629,630			654,421			669,464			624,478			669,464			44,986			7	%	44,986			7	%	15,043			2	%
Total Assets Under Administration	152,107			156,072			157,742			163,165			165,234			152,107			165,234			13,127			9	%	13,127			9	%	2,069			1	%
Total AUM and AUA	$	776,585		$	795,645		$	787,372		$	817,586		$	834,698		$	776,585		$	834,698		$	58,113		7	%	$	58,113		7	%	$	17,112		2	%
Business Metrics
Total Ameriprise client assets	$	461,740		$	475,662		$	479,209		$	498,907		$	512,035		$	461,740		$	512,035		$	50,295		11	%	$	50,295		11	%	$	13,128		3	%
Total branded financial advisors	9,758			9,747			9,675			9,668			9,640			9,758			9,640			(118		)	(1	)%	(118		)	(1	)%	(28		)	—
Net Flows and Net Deposits
Branded advisor wrap	$	2,294		$	2,751		$	3,310		$	3,944		$	4,451		$	4,123		$	8,395		$	2,157		94	%	$	4,272		#		$	507		13	%
Asset Management	(4,726		)	(4,349		)	(2,095		)	(5,629		)	(8,742		)	(12,191		)	(14,371		)	(4,016		)	(85	)%	(2,180		)	(18	)%	(3,113		)	(55	)%
Annuities	(768		)	(890		)	(983		)	(1,336		)	(1,252		)	(1,328		)	(2,588		)	(484		)	(63	)%	(1,260		)	(95	)%	84			6	%
Variable universal life / Universal life	(61		)	(57		)	(33		)	(74		)	(52		)	(109		)	(126		)	9			15	%	(17		)	(16	)%	22			30	%
S&P 500
Daily average	2,074			2,161			2,185			2,324			2,396			2,013			2,360			322			16	%	347			17	%	72			3	%
Period end	2,099			2,168			2,239			2,363			2,423			2,099			2,423			324			15	%	324			15	%	60			3	%
Weighted Equity Index (WEI) (4)
Daily average	1,516			1,579			1,596			1,695			1,752			1,472			1,724			236			16	%	252			17	%	57			3	%
Period end	1,527			1,591			1,637			1,724			1,774			1,527			1,774			247			16	%	247			16	%	50			3	%

(1)See non-GAAP financial information on pg 33.  Non-GAAP financial measure reconciliations can be found on pages 47 and 48.

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

(3)Calculated as total 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

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Common shares
Beginning balance	166.8			162.2			158.5			154.8			153.0			171.0			154.8			(13.8		)	(8	)%	(16.2		)	(9	)%	(1.8		)	(1	)%
Repurchases	(4.7		)	(3.9		)	(3.8		)	(2.9		)	(2.8		)	(9.8		)	(5.7		)	1.9			40	%	4.1			42	%	0.1			3	%
Issuances	0.2			0.3			0.3			2.1			0.2			1.3			2.3			—			—		1.0			77	%	(1.9		)	(90	)%
Other	(0.1		)	(0.1		)	(0.2		)	(1.0		)	(0.1		)	(0.3		)	(1.1		)	—			—		(0.8		)		#	0.9			90	%
Total common shares outstanding	162.2			158.5			154.8			153.0			150.3			162.2			150.3			(11.9		)	(7	)%	(11.9		)	(7	)%	(2.7		)	(2	)%
Restricted stock units	3.6			3.6			3.7			3.4			3.5			3.6			3.5			(0.1		)	(3	)%	(0.1		)	(3	)%	0.1			3	%
Total basic common shares outstanding	165.8			162.1			158.5			156.4			153.8			165.8			153.8			(12.0		)	(7	)%	(12.0		)	(7	)%	(2.6		)	(2	)%
Total potentially dilutive shares	1.8			1.8			2.2			2.5			2.3			1.8			2.3			0.5			28	%	0.5			28	%	(0.2		)	(8	)%
Total diluted shares	167.6			163.9			160.7			158.9			156.1			167.6			156.1			(11.5		)	(7	)%	(11.5		)	(7	)%	(2.8		)	(2	)%
Capital Returned to Shareholders
Dividends paid	$	127		$	124		$	121		$	121		$	129		$	244		$	250		$	2		2	%	$	6		2	%	$	8		7	%
Common stock share repurchases	$	444		$	378		$	402		$	357		$	352		$	895		$	709		$	(92	)	(21	)%	$	(186	)	(21	)%	$	(5	)	(1	)%
Allocated Capital (1)
Advice & Wealth Management	$	610		$	624		$	637		$	653		$	661		$	610		$	661		$	51		8	%	$	51		8	%	$	8		1	%
Asset Management	1,829			1,827			1,817			1,814			1,822			1,829			1,822			(7		)	—		(7		)	—		8			—
Annuities	1,895			1,950			1,968			1,991			1,956			1,895			1,956			61			3	%	61			3	%	(35		)	(2	)%
Protection	1,505			1,516			1,522			1,478			1,460			1,505			1,460			(45		)	(3	)%	(45		)	(3	)%	(18		)	(1	)%
Corporate & Other	2,936			3,108			2,998			2,921			2,901			2,936			2,901			(35		)	(1	)%	(35		)	(1	)%	(20		)	(1	)%
Total allocated capital	$	8,775		$	9,025		$	8,942		$	8,857		$	8,800		$	8,775		$	8,800		$	25		—		$	25		—		$	(57	)	(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)

Second Quarter 2017

Segment Results

9

Ameriprise Financial, Inc.

Segment Summary

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Segment Summary
Advice & Wealth Management
Operating total net revenues	$	1,250		$	1,272		$	1,316		$	1,295		$	1,348		$	2,448		$	2,643		$	98		8	%	$	195		8	%	$	53		4	%
Operating expenses	1,029			1,041			1,062			1,047			1,057			2,022			2,104			28			3	%	82			4	%	10			1	%
Pretax operating earnings	$	221		$	231		$	254		$	248		$	291		$	426		$	539		$	70		32	%	$	113		27	%	$	43		17	%
Allocated capital	$	610		$	624		$	637		$	653		$	661		$	610		$	661		$	51		8	%	$	51		8	%	$	8		1	%
Operating return on allocated capital (1)	119.4		%	121.2		%	123.9		%	127.6		%	131.9		%	119.4		%	131.9		%	12.5		%			12.5		%			4.3		%
Pretax operating margin	17.7		%	18.2		%	19.3		%	19.2		%	21.6		%	17.4		%	20.4		%	3.9		%			3.0		%			2.4		%
Asset Management
Operating total net revenues	$	739		$	740		$	761		$	726		$	748		$	1,463		$	1,474		$	9		1	%	$	11		1	%	$	22		3	%
Operating expenses	591			585			592			576			572			1,166			1,148			(19		)	(3	)%	(18		)	(2	)%	(4		)	(1	)%
Pretax operating earnings	$	148		$	155		$	169		$	150		$	176		$	297		$	326		$	28		19	%	$	29		10	%	$	26		17	%
Allocated capital	$	1,829		$	1,827		$	1,817		$	1,814		$	1,822		$	1,829		$	1,822		$	(7	)	—		$	(7	)	—		$	8		—
Operating return on allocated capital (1)	28.5		%	28.5		%	27.8		%	28.5		%	29.3		%	28.5		%	29.3		%	0.8		%			0.8		%			0.8		%
Pretax operating margin	20.0		%	20.9		%	22.2		%	20.7		%	23.5		%	20.3		%	22.1		%	3.5		%			1.8		%			2.8		%
Operating total net revenues	$	739		$	740		$	761		$	726		$	748		$	1,463		$	1,474		$	9		1	%	$	11		1	%	$	22		3	%
Distribution pass thru revenues	(203		)	(211		)	(204		)	(206		)	(195		)	(402		)	(401		)	8			4	%	1			—		11			5	%
Subadvisory and other pass thru revenues	(88		)	(85		)	(94		)	(92		)	(91		)	(175		)	(183		)	(3		)	(3	)%	(8		)	(5	)%	1			1	%
Adjusted operating revenues (2)	$	448		$	444		$	463		$	428		$	462		$	886		$	890		$	14		3	%	$	4		—		$	34		8	%
Pretax operating earnings	$	148		$	155		$	169		$	150		$	176		$	297		$	326		$	28		19	%	$	29		10	%	$	26		17	%
Operating net investment income	(5		)	(1		)	(5		)	(4		)	(6		)	(8		)	(10		)	(1		)	(20	)%	(2		)	(25	)%	(2		)	(50	)%
Amortization of intangibles	5			5			5			4			4			11			8			(1		)	(20	)%	(3		)	(27	)%	—			—
Adjusted operating earnings (2)	$	148		$	159		$	169		$	150		$	174		$	300		$	324		$	26		18	%	$	24		8	%	$	24		16	%
Adjusted net pretax operating margin (2)(3)	33.0		%	35.8		%	36.5		%	35.0		%	37.7		%	33.9		%	36.4		%	4.7		%			2.5		%			2.7		%
Annuities
Operating total net revenues	$	619		$	631		$	617		$	608		$	627		$	1,215		$	1,235		$	8		1	%	$	20		2	%	$	19		3	%
Operating expenses	473			699			490			469			485			945			954			12			3	%	9			1	%	16			3	%
Pretax operating earnings (loss)	$	146		$	(68	)	$	127		$	139		$	142		$	270		$	281		$	(4	)	(3	)%	$	11		4	%	$	3		2	%
Allocated capital	$	1,895		$	1,950		$	1,968		$	1,991		$	1,956		$	1,895		$	1,956		$	61		3	%	$	61		3	%	$	(35	)	(2	)%
Operating return on allocated capital (1)	24.5		%	14.3		%	13.3		%	14.3		%	13.7		%	24.5		%	13.7		%	(10.8		)%			(10.8		)%			(0.6		)%
Pretax operating margin	23.6		%	(10.8		)%	20.6		%	22.9		%	22.6		%	22.2		%	22.8		%	(1.0		)%			0.6		%			(0.3		)%
Protection
Operating total net revenues	$	538		$	613		$	548		$	521		$	517		$	1,080		$	1,038		$	(21	)	(4	)%	$	(42	)	(4	)%	$	(4	)	(1	)%
Operating expenses	500			529			475			458			466			974			924			(34		)	(7	)%	(50		)	(5	)%	8			2	%
Pretax operating earnings	$	38		$	84		$	73		$	63		$	51		$	106		$	114		$	13		34	%	$	8		8	%	$	(12	)	(19	)%
Allocated capital	$	1,505		$	1,516		$	1,522		$	1,478		$	1,460		$	1,505		$	1,460		$	(45	)	(3	)%	$	(45	)	(3	)%	$	(18	)	(1	)%
Operating return on allocated capital (1)	8.8		%	12.7		%	14.4		%	14.4		%	15.1		%	8.8		%	15.1		%	6.3		%			6.3		%			0.7		%
Pretax operating margin	7.1		%	13.7		%	13.3		%	12.1		%	9.9		%	9.8		%	11.0		%	2.8		%			1.2		%			(2.2		)%
Corporate & Other
Corporate excluding Long Term Care pretax operating loss	$	(76	)	$	(72	)	$	(74	)	$	(81	)	$	(73	)	$	(126	)	$	(154	)	$	3		4	%	$	(28	)	(22	)%	$	8		10	%
Long Term Care pretax operating earnings (loss)	$	(1	)	$	(73	)	$	(14	)	$	1		$	(3	)	$	—		$	(2	)	$	(2	)		#	$	(2	)	—		$	(4	)		#

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

(2)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)

Second Quarter 2017

Advice & Wealth Management Segment

11

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Advice & Wealth Management Segment Operating Income Statements
Revenues
Management and financial advice fees	$	669		$	689		$	718		$	722		$	773		$	1,300		$	1,495		$	104		16	%	$	195		15	%	$	51		7	%
Distribution fees	524			531			540			513			505			1,038			1,018			(19		)	(4	)%	(20		)	(2	)%	(8		)	(2	)%
Net investment income	47			47			48			52			58			91			110			11			23	%	19			21	%	6			12	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	18			17			20			18			24			36			42			6			33	%	6			17	%	6			33	%
Total revenues	1,258			1,284			1,326			1,305			1,360			2,465			2,665			102			8	%	200			8	%	55			4	%
Banking and deposit interest expense	8			12			10			10			12			17			22			4			50	%	5			29	%	2			20	%
Operating total net revenues	1,250			1,272			1,316			1,295			1,348			2,448			2,643			98			8	%	195			8	%	53			4	%
Expenses
Distribution expenses	762			781			797			777			789			1,494			1,566			27			4	%	72			5	%	12			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			3			4			5			1			50	%	1			25	%	1			50	%
General and administrative expense	265			258			263			268			265			524			533			—			—		9			2	%	(3		)	(1	)%
Operating expenses	1,029			1,041			1,062			1,047			1,057			2,022			2,104			28			3	%	82			4	%	10			1	%
Pretax operating earnings	$	221		$	231		$	254		$	248		$	291		$	426		$	539		$	70		32	%	$	113		27	%	$	43		17	%
Pretax operating margin	17.7		%	18.2		%	19.3		%	19.2		%	21.6		%	17.4		%	20.4		%	3.9		%			3.0		%			2.4		%
Return on Capital
Allocated capital	$	610		$	624		$	637		$	653		$	661		$	610		$	661		$	51		8	%	$	51		8	%	$	8		1	%
Operating return on allocated capital (1)	119.4		%	121.2		%	123.9		%	127.6		%	131.9		%	119.4		%	131.9		%	12.5		%			12.5		%			4.3		%
Brokerage cash balance (2)	$	23,181		$	24,047		$	26,765		$	26,240		$	25,597		$	23,181		$	25,597		$	2,416		10	%	$	2,416		10	%	$	(643	)	(2	)%
Brokerage sweep fee	0.46		%	0.48		%	0.53		%	0.73		%	0.97		%	0.45		%	0.85		%	0.51		%			0.40		%			0.24		%
On-balance sheet deposits	$	9,141		$	9,452		$	10,048		$	10,328		$	10,210		$	9,141		$	10,210		$	1,069		12	%	$	1,069		12	%	$	(118	)	(1	)%

(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 2nd quarter of 2016 through the 2nd quarter of 2017, on-balance sheet deposits included in brokerage cash are $3.7B, $3.8B, $4.1B, $4.2B, and $4.0B, respectively.

12

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions, except headcount and where noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Product Information
Certificates and Banking - Combined
Pretax operating earnings	$	15		$	11		$	15		$	15		$	17		$	28		$	32		$	2		13	%	$	4		14	%	$	2		13	%
Allocated capital	$	298		$	311		$	327		$	339		$	344		$	298		$	344		$	46		15	%	$	46		15	%	$	5		1	%
Operating return on allocated capital (1)	14.2		%	14.0		%	14.7		%	14.9		%	14.6		%	14.2		%	14.6		%	0.4		%			0.4		%			(0.3		)%
Wealth Management & Distribution
Pretax operating earnings	$	206		$	220		$	239		$	233		$	274		$	398		$	507		$	68		33	%	$	109		27	%	$	41		18	%
Allocated capital	$	312		$	313		$	310		$	314		$	317		$	312		$	317		$	5		2	%	$	5		2	%	$	3		1	%
Operating return on allocated capital (1)	216.9		%	223.3		%	231.0		%	240.5		%	253.1		%	216.9		%	253.1		%	36.2		%			36.2		%			12.6		%
Financial Plans
Branded financial plan net cash sales	$	66		$	67		$	78		$	69		$	73		$	130		$	142		$	7		11	%	$	12		9	%	$	4		6	%
Financial Advisors
Employee advisors	2,054			2,047			2,007			1,997			1,992			2,054			1,992			(62		)	(3	)%	(62		)	(3	)%	(5		)	—
Franchisee advisors	7,704			7,700			7,668			7,671			7,648			7,704			7,648			(56		)	(1	)%	(56		)	(1	)%	(23		)	—
Total branded financial advisors	9,758			9,747			9,675			9,668			9,640			9,758			9,640			(118		)	(1	)%	(118		)	(1	)%	(28		)	—
Operating total net revenues per financial advisor (in thousands) (2)	$	128		$	131		$	136		$	134		$	140		$	251		$	274		$	12		9	%	$	23		9	%	$	6		4	%
Operating total net revenues per financial advisor-trailing twelve months (in thousands) (3)	$	507		$	511		$	518		$	529		$	541		$	507		$	541		$	34		7	%	$	34		7	%	$	12		2	%
Advisor Retention
Employee	90.4		%	89.7		%	88.9		%	89.1		%	89.5		%	90.4		%	89.5		%	(0.9		)%			(0.9		)%			0.4		%
Franchisee	93.6		%	93.1		%	92.8		%	92.7		%	92.4		%	93.6		%	92.4		%	(1.2		)%			(1.2		)%			(0.3		)%
Total Client Assets (at period end)	$	461,740		$	475,662		$	479,209		$	498,907		$	512,035		$	461,740		$	512,035		$	50,295		11	%	$	50,295		11	%	$	13,128		3	%
Total Wrap Accounts
Beginning assets	$	183,359		$	189,739		$	197,485		$	201,078		$	212,887		$	180,488		$	201,078		$	29,528		16	%	$	20,590		11	%	$	11,809		6	%
Net flows	2,294			2,751			3,310			3,944			4,451			4,123			8,395			2,157			94	%	4,272			#		507			13	%
Market appreciation (depreciation) and other	4,086			4,995			283			7,865			4,989			5,128			12,854			903			22	%	7,726			#		(2,876		)	(37	)%
Total wrap ending assets	$	189,739		$	197,485		$	201,078		$	212,887		$	222,327		$	189,739		$	222,327		$	32,588		17	%	$	32,588		17	%	$	9,440		4	%
Advisory wrap account assets ending balance (4)	$	187,872		$	195,444		$	198,946		$	210,937		$	220,248		$	187,872		$	220,248		$	32,376		17	%	$	32,376		17	%	$	9,311		4	%

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

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

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

(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)

Second Quarter 2017

Asset Management Segment

14

Ameriprise Financial, Inc.

Asset Management Segment

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Asset Management Segment Operating Income Statements
Revenues
Management and financial advice fees	$	612		$	612		$	626		$	598		$	625		$	1,214		$	1,223		$	13		2	%	$	9		1	%	$	27		5	%
Distribution fees	121			125			124			121			112			238			233			(9		)	(7	)%	(5		)	(2	)%	(9		)	(7	)%
Net investment income	5			1			5			4			6			8			10			1			20	%	2			25	%	2			50	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	1			2			6			3			5			3			8			4			#		5			#		2			67	%
Total revenues	739			740			761			726			748			1,463			1,474			9			1	%	11			1	%	22			3	%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	739			740			761			726			748			1,463			1,474			9			1	%	11			1	%	22			3	%
Expenses
Distribution expenses	254			261			257			257			247			501			504			(7		)	(3	)%	3			1	%	(10		)	(4	)%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	5			4			5			4			4			9			8			(1		)	(20	)%	(1		)	(11	)%	—			—
Interest and debt expense	5			5			5			5			6			11			11			1			20	%	—			—		1			20	%
General and administrative expense	327			315			325			310			315			645			625			(12		)	(4	)%	(20		)	(3	)%	5			2	%
Operating expenses	591			585			592			576			572			1,166			1,148			(19		)	(3	)%	(18		)	(2	)%	(4		)	(1	)%
Pretax operating earnings	$	148		$	155		$	169		$	150		$	176		$	297		$	326		$	28		19	%	$	29		10	%	$	26		17	%
Pretax operating margin	20.0		%	20.9		%	22.2		%	20.7		%	23.5		%	20.3		%	22.1		%	3.5		%			1.8		%			2.8		%
Operating total net revenues	$	739		$	740		$	761		$	726		$	748		$	1,463		$	1,474		$	9		1	%	$	11		1	%	$	22		3	%
Distribution pass thru revenues	(203		)	(211		)	(204		)	(206		)	(195		)	(402		)	(401		)	8			4	%	1			—		11			5	%
Subadvisory and other pass thru revenues	(88		)	(85		)	(94		)	(92		)	(91		)	(175		)	(183		)	(3		)	(3	)%	(8		)	(5	)%	1			1	%
Adjusted operating revenues (1)	$	448		$	444		$	463		$	428		$	462		$	886		$	890		$	14		3	%	$	4		—		$	34		8	%
Pretax operating earnings	$	148		$	155		$	169		$	150		$	176		$	297		$	326		$	28		19	%	$	29		10	%	$	26		17	%
Operating net investment income	(5		)	(1		)	(5		)	(4		)	(6		)	(8		)	(10		)	(1		)	(20	)%	(2		)	(25	)%	(2		)	(50	)%
Amortization of intangibles	5			5			5			4			4			11			8			(1		)	(20	)%	(3		)	(27	)%	—			—
Adjusted operating earnings (1)	$	148		$	159		$	169		$	150		$	174		$	300		$	324		$	26		18	%	$	24		8	%	$	24		16	%
Adjusted net pretax operating margin (1)(2)	33.0		%	35.8		%	36.5		%	35.0		%	37.7		%	33.9		%	36.4		%	4.7		%			2.5		%			2.7		%
Performance Fees (3)
Net performance fees	$	1		$	1		$	6		$	—		$	2		$	7		$	2		$	1		#		$	(5	)	(71	)%	$	2		—
Return on Capital
Allocated capital	$	1,829		$	1,827		$	1,817		$	1,814		$	1,822		$	1,829		$	1,822		$	(7	)	—		$	(7	)	—		$	8		—
Operating return on allocated capital (4)	28.5		%	28.5		%	27.8		%	28.5		%	29.3		%	28.5		%	29.3		%	0.8		%			0.8		%			0.8		%

(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

Second Quarter 2017

															Prior Year Comparisons
											Year-to-Date				Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016		3 Qtr 2016		4 Qtr 2016		1 Qtr 2017		2 Qtr 2017		2016		2017		Diff.			%		Diff.			%		Diff.			%
Total Managed Assets by Type
Equity	$	241,001	$	245,939	$	240,034	$	249,805	$	257,680	$	241,001	$	257,680	$	16,679		7	%	$	16,679		7	%	$	7,875		3	%
Fixed income	179,752		183,329		175,945		178,365		176,318		179,752		176,318		(3,434		)	(2	)%	(3,434		)	(2	)%	(2,047		)	(1	)%
Money market	7,292		6,600		6,320		6,110		5,494		7,292		5,494		(1,798		)	(25	)%	(1,798		)	(25	)%	(616		)	(10	)%
Alternative	7,221		7,264		7,364		7,334		6,578		7,221		6,578		(643		)	(9	)%	(643		)	(9	)%	(756		)	(10	)%
Hybrid and other	24,311		24,638		24,750		25,417		26,579		24,311		26,579		2,268			9	%	2,268			9	%	1,162			5	%
Total managed assets by type	$	459,577	$	467,770	$	454,413	$	467,031	$	472,649	$	459,577	$	472,649	$	13,072		3	%	$	13,072		3	%	$	5,618		1	%
Average Managed Assets by Type (1)
Equity	$	244,996	$	244,636	$	240,327	$	245,539	$	255,259	$	243,203	$	250,485	$	10,263		4	%	$	7,282		3	%	$	9,720		4	%
Fixed income	179,557		182,349		178,776		177,398		177,247		177,988		177,173		(2,310		)	(1	)%	(815		)	—		(151		)	—
Money market	7,225		6,946		6,494		5,976		5,845		7,475		5,881		(1,380		)	(19	)%	(1,594		)	(21	)%	(131		)	(2	)%
Alternative	7,650		7,228		7,091		7,364		7,126		7,847		7,232		(524		)	(7	)%	(615		)	(8	)%	(238		)	(3	)%
Hybrid and other	24,702		24,615		24,676		25,141		26,089		24,174		25,643		1,387			6	%	1,469			6	%	948			4	%
Total average managed assets by type	$	464,130	$	465,774	$	457,364	$	461,418	$	471,566	$	460,687	$	466,414	$	7,436		2	%	$	5,727		1	%	$	10,148		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

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Managed Assets Rollforward
Global Retail Funds
Beginning assets	$	259,846		$	259,249		$	266,025		$	259,919		$	267,320		$	263,866		$	259,919		$	7,474		3	%	$	(3,947	)	(1	)%	$	7,401		3	%
Inflows	13,486			12,342			13,910			14,835			12,256			25,990			27,091			(1,230		)	(9	)%	1,101			4	%	(2,579		)	(17	)%
Inflows from acquisitions (1)	—			976			—			—			—			—			—			—			—		—			—		—			—
Outflows	(15,869		)	(14,239		)	(17,772		)	(18,178		)	(15,161		)	(31,448		)	(33,339		)	708			4	%	(1,891		)	(6	)%	3,017			17	%
Net VP/VIT fund flows	(501		)	(617		)	(743		)	(960		)	(847		)	(688		)	(1,807		)	(346		)	(69	)%	(1,119		)	#		113			12	%
Net new flows	(2,884		)	(1,538		)	(4,605		)	(4,303		)	(3,752		)	(6,146		)	(8,055		)	(868		)	(30	)%	(1,909		)	(31	)%	551			13	%
Reinvested dividends	2,726			582			4,398			424			2,388			3,133			2,812			(338		)	(12	)%	(321		)	(10	)%	1,964			#
Net flows	(158		)	(956		)	(207		)	(3,879		)	(1,364		)	(3,013		)	(5,243		)	(1,206		)	#		(2,230		)	(74	)%	2,515			65	%
Distributions	(3,125		)	(851		)	(5,309		)	(600		)	(2,802		)	(3,700		)	(3,402		)	323			10	%	298			8	%	(2,202		)	#
Market appreciation (depreciation) and other	4,653			9,464			1,322			11,383			7,989			4,440			19,372			3,336			72	%	14,932			#		(3,394		)	(30	)%
Foreign currency translation (2)	(1,967		)	(881		)	(1,912		)	497			1,759			(2,344		)	2,256			3,726			#		4,600			#		1,262			#
Total ending assets	259,249			266,025			259,919			267,320			272,902			259,249			272,902			13,653			5	%	13,653			5	%	5,582			2	%
% of total retail assets sub-advised	16.7		%	16.4		%	16.9		%	17.0		%	17.2		%	16.7		%	17.2		%	0.5		%			0.5		%			0.1		%
Global Institutional
Beginning assets	204,213			200,328			201,745			194,494			199,711			208,022			194,494			(4,502		)	(2	)%	(13,528		)	(7	)%	5,217			3	%
Inflows	6,030			5,101			5,562			7,124			5,930			13,388			13,054			(100		)	(2	)%	(334		)	(2	)%	(1,194		)	(17	)%
Outflows	(10,598		)	(8,494		)	(7,450		)	(8,874		)	(13,308		)	(22,566		)	(22,182		)	(2,710		)	(26	)%	384			2	%	(4,434		)	(50	)%
Net flows	(4,568		)	(3,393		)	(1,888		)	(1,750		)	(7,378		)	(9,178		)	(9,128		)	(2,810		)	(62	)%	50			1	%	(5,628		)	#
Market appreciation (depreciation) and other (3)(4)	5,415			7,106			(1,293		)	5,958			3,883			7,727			9,841			(1,532		)	(28	)%	2,114			27	%	(2,075		)	(35	)%
Foreign currency translation (2)	(4,732		)	(2,296		)	(4,070		)	1,009			3,531			(6,243		)	4,540			8,263			#		10,783			#		2,522			#
Total ending assets	200,328			201,745			194,494			199,711			199,747			200,328			199,747			(581		)	—		(581		)	—		36			—
Total managed assets	$	459,577		$	467,770		$	454,413		$	467,031		$	472,649		$	459,577		$	472,649		$	13,072		3	%	$	13,072		3	%	$	5,618		1	%
Total net flows	$	(4,726	)	$	(4,349	)	$	(2,095	)	$	(5,629	)	$	(8,742	)	$	(12,191	)	$	(14,371	)	$	(4,016	)	(85	)%	$	(2,180	)	(18	)%	$	(3,113	)	(55	)%
Former Parent Company Related (5)(6)
Retail net new flows	$	(331	)	$	(26	)	$	(712	)	$	(920	)	$	(765	)	$	(587	)	$	(1,685	)	$	(434	)	#		$	(1,098	)	#		$	155		17	%
Institutional net new flows	(2,010		)	(1,477		)	(1,298		)	(1,692		)	(6,314		)	(6,142		)	(8,006		)	(4,304		)	#		(1,864		)	(30	)%	(4,622		)	#
Total net new flows	$	(2,341	)	$	(1,503	)	$	(2,010	)	$	(2,612	)	$	(7,079	)	$	(6,729	)	$	(9,691	)	$	(4,738	)	#		$	(2,962	)	(44	)%	$	(4,467	)	#

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

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

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

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

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

(6)In the 2nd quarter of 2017, historical periods were restated to include additional Former Parent Company net new flows that were previously not considered.  As a result, Q2 2016 through Q1 2017 Former Parent Company Net New Flows decreased by $0.1B, $0.1B, $0.1B and $0.2B, respectively.

# Variance equal to or greater than 100%.

17

Ameriprise Financial, Inc.

Asset Management Segment - Columbia

Second Quarter 2017

Mutual Fund Rankings in top 2 Lipper Quartiles

		2 Qtr 2016		3 Qtr 2016		4 Qtr 2016		1 Qtr 2017		2 Qtr 2017
Domestic Equity
Equal weighted	1 year	56	%	62	%	56	%	69	%	78	%
	3 year	71	%	68	%	75	%	75	%	72	%
	5 year	59	%	67	%	71	%	71	%	78	%
Asset weighted	1 year	65	%	74	%	41	%	67	%	86	%
	3 year	84	%	78	%	81	%	79	%	75	%
	5 year	73	%	84	%	75	%	79	%	83	%
International Equity
Equal weighted	1 year	55	%	55	%	20	%	45	%	60	%
	3 year	60	%	60	%	55	%	55	%	60	%
	5 year	61	%	80	%	70	%	70	%	75	%
Asset weighted	1 year	36	%	73	%	12	%	33	%	41	%
	3 year	36	%	44	%	44	%	44	%	48	%
	5 year	42	%	52	%	47	%	48	%	51	%
Taxable Fixed Income
Equal weighted	1 year	58	%	78	%	72	%	78	%	72	%
	3 year	59	%	71	%	76	%	76	%	72	%
	5 year	82	%	76	%	76	%	82	%	82	%
Asset weighted	1 year	61	%	82	%	75	%	70	%	73	%
	3 year	65	%	76	%	83	%	83	%	82	%
	5 year	87	%	85	%	86	%	88	%	89	%
Tax Exempt Fixed Income
Equal weighted	1 year	89	%	84	%	74	%	84	%	53	%
	3 year	100	%	89	%	89	%	89	%	89	%
	5 year	94	%	94	%	100	%	100	%	100	%
Asset weighted	1 year	92	%	92	%	59	%	97	%	38	%
	3 year	100	%	81	%	86	%	92	%	98	%
	5 year	87	%	88	%	100	%	100	%	100	%
Asset Allocation Funds
Equal weighted	1 year	77	%	69	%	31	%	62	%	54	%
	3 year	100	%	100	%	100	%	90	%	100	%
	5 year	88	%	75	%	75	%	88	%	78	%
Asset weighted	1 year	97	%	87	%	15	%	48	%	47	%
	3 year	100	%	100	%	100	%	100	%	100	%
	5 year	98	%	81	%	82	%	98	%	92	%
Number of 4- or 5-star Morningstar rated funds
Overall		51		54		51		49		54
3 year		55		54		45		46		55
5 year		45		52		44		46		46
Percent of 4- or 5-star Morningstar rated funds
Overall		53	%	56	%	54	%	52	%	56	%
3 year		57	%	56	%	48	%	48	%	57	%
5 year		49	%	55	%	47	%	49	%	49	%
Percent of 4- or 5-star Morningstar rated assets
Overall		66	%	68	%	64	%	63	%	65	%
3 year		74	%	75	%	64	%	68	%	72	%
5 year		64	%	67	%	53	%	63	%	56	%

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

Second Quarter 2017

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

		2 Qtr 2016		3 Qtr 2016		4 Qtr 2016		1 Qtr 2017		2 Qtr 2017
Equity
Equal weighted	1 year	60	%	52	%	26	%	30	%	54	%
	3 year	67	%	72	%	58	%	68	%	74	%
	5 year	79	%	71	%	72	%	70	%	65	%
Asset weighted	1 year	66	%	62	%	40	%	42	%	65	%
	3 year	68	%	69	%	67	%	79	%	80	%
	5 year	91	%	63	%	67	%	66	%	54	%
Fixed Income
Equal weighted	1 year	42	%	58	%	70	%	72	%	76	%
	3 year	55	%	50	%	59	%	69	%	64	%
	5 year	62	%	64	%	65	%	64	%	72	%
Asset weighted	1 year	57	%	57	%	68	%	79	%	85	%
	3 year	80	%	69	%	74	%	90	%	84	%
	5 year	62	%	73	%	69	%	75	%	80	%
Allocation (Managed) Funds
Equal weighted	1 year	100	%	88	%	67	%	44	%	67	%
	3 year	100	%	88	%	100	%	100	%	100	%
	5 year	100	%	83	%	83	%	100	%	83	%
Asset weighted	1 year	100	%	80	%	70	%	32	%	44	%
	3 year	100	%	97	%	100	%	100	%	100	%
	5 year	100	%	92	%	92	%	100	%	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)

Second Quarter 2017

Annuities Segment

20

Ameriprise Financial, Inc.

Annuities Segment

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Annuities Segment Operating Income Statements
Revenues
Management and financial advice fees	$	184		$	188		$	183		$	187		$	190		$	361		$	377		$	6		3	%	$	16		4	%	$	3		2	%
Distribution fees	88			89			89			87			92			171			179			4			5	%	8			5	%	5			6	%
Net investment income	189			192			187			179			175			381			354			(14		)	(7	)%	(27		)	(7	)%	(4		)	(2	)%
Premiums	32			29			27			27			33			60			60			1			3	%	—			—		6			22	%
Other revenues	126			133			131			128			137			242			265			11			9	%	23			10	%	9			7	%
Total revenues	619			631			617			608			627			1,215			1,235			8			1	%	20			2	%	19			3	%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	619			631			617			608			627			1,215			1,235			8			1	%	20			2	%	19			3	%
Expenses
Distribution expenses	107			106			107			102			107			210			209			—			—		(1		)	—		5			5	%
Interest credited to fixed accounts	119			122			118			118			118			238			236			(1		)	(1	)%	(2		)	(1	)%	—			—
Benefits, claims, losses and settlement expenses	138			346			152			143			149			282			292			11			8	%	10			4	%	6			4	%
Amortization of deferred acquisition costs	48			66			50			47			48			93			95			—			—		2			2	%	1			2	%
Interest and debt expense	9			7			9			8			9			17			17			—			—		—			—		1			13	%
General and administrative expense	52			52			54			51			54			105			105			2			4	%	—			—		3			6	%
Operating expenses	473			699			490			469			485			945			954			12			3	%	9			1	%	16			3	%
Pretax operating earnings	$	146		$	(68	)	$	127		$	139		$	142		$	270		$	281		$	(4	)	(3	)%	$	11		4	%	$	3		2	%
Pretax operating margin	23.6		%	(10.8		)%	20.6		%	22.9		%	22.6		%	22.2		%	22.8		%	(1.0		)%			0.6		%			(0.3		)%
Return on Capital
Allocated capital	$	1,895		$	1,950		$	1,968		$	1,991		$	1,956		$	1,895		$	1,956		$	61		3	%	$	61		3	%	$	(35	)	(2	)%
Operating return on allocated capital (1)	24.5		%	14.3		%	13.3		%	14.3		%	13.7		%	24.5		%	13.7		%	(10.8		)%			(10.8		)%			(0.6		)%
Market impact on variable annuity guaranteed benefits (2)
Risk margin and nonperformance spread impact	$	84		$	13		$	(115	)	$	(22	)	$	(3	)	$	225		$	(25	)	$	(87	)	#		$	(250	)	#		$	19		86	%
Other	(142		)	(50		)	(23		)	(41		)	(77		)	(266		)	(118		)	65			46	%	148			56	%	(36		)	(88	)%
Total VA guaranteed benefit impact excluded from operating earnings	$	(58	)	$	(37	)	$	(138	)	$	(63	)	$	(80	)	$	(41	)	$	(143	)	$	(22	)	(38	)%	$	(102	)	#		$	(17	)	(27	)%
Total annuity net flows	$	(768	)	$	(890	)	$	(983	)	$	(1,336	)	$	(1,252	)	$	(1,328	)	$	(2,588	)	$	(484	)	(63	)%	$	(1,260	)	(95	)%	$	84		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)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

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Product Information
Variable Annuities
Pretax operating earnings	$	118		$	(97	)	$	107		$	116		$	127		$	218		$	243		$	9		8	%	$	25		11	%	$	11		9	%
Allocated capital (1)	$	650		$	650		$	650		$	650		$	650		$	650		$	650		$	—		—		$	—		—		$	—		—
Operating return on allocated capital (2)	59.9		%	28.8		%	26.6		%	29.7		%	30.0		%	59.9		%	30.0		%	(29.9		)%			(29.9		)%			0.3		%
Fixed Annuities (3)
Pretax operating earnings	$	28		$	29		$	20		$	23		$	15		$	52		$	38		$	(13	)	(46	)%	$	(14	)	(27	)%	$	(8	)	(35	)%
Allocated capital	$	1,245		$	1,300		$	1,318		$	1,341		$	1,306		$	1,245		$	1,306		$	61		5	%	$	61		5	%	$	(35	)	(3	)%
Operating return on allocated capital (2)	6.2		%	6.7		%	6.5		%	6.5		%	5.6		%	6.2		%	5.6		%	(0.6		)%			(0.6		)%			(0.9		)%
Variable Annuities Rollforward
Beginning balance	$	74,207		$	74,580		$	75,866		$	74,817		$	76,365		$	74,244		$	74,817		$	2,158		3	%	$	573		1	%	$	1,548		2	%
Deposits	1,170			1,160			1,117			948			1,046			2,317			1,994			(124		)	(11	)%	(323		)	(14	)%	98			10	%
Withdrawals and terminations	(1,682		)	(1,810		)	(1,849		)	(2,018		)	(2,055		)	(3,140		)	(4,073		)	(373		)	(22	)%	(933		)	(30	)%	(37		)	(2	)%
Net flows	(512		)	(650		)	(732		)	(1,070		)	(1,009		)	(823		)	(2,079		)	(497		)	(97	)%	(1,256		)	#		61			6	%
Investment performance and interest credited	885			1,936			(317		)	2,618			2,041			1,159			4,659			1,156			#		3,500			#		(577		)	(22	)%
Total ending balance - contract accumulation values	$	74,580		$	75,866		$	74,817		$	76,365		$	77,397		$	74,580		$	77,397		$	2,817		4	%	$	2,817		4	%	$	1,032		1	%
Variable annuities fixed sub-accounts	$	5,060		$	5,152		$	5,211		$	5,212		$	5,203		$	5,060		$	5,203		$	143		3	%	$	143		3	%	$	(9	)	—
Fixed Annuities Rollforward
Beginning balance	$	10,503		$	10,325		$	10,163		$	9,991		$	9,800		$	10,673		$	9,991		$	(703	)	(7	)%	$	(682	)	(6	)%	$	(191	)	(2	)%
Deposits	53			38			34			43			44			119			87			(9		)	(17	)%	(32		)	(27	)%	1			2	%
Withdrawals and terminations	(309		)	(278		)	(285		)	(309		)	(287		)	(624		)	(596		)	22			7	%	28			4	%	22			7	%
Net flows	(256		)	(240		)	(251		)	(266		)	(243		)	(505		)	(509		)	13			5	%	(4		)	(1	)%	23			9	%
Policyholder interest credited	78			78			79			75			74			157			149			(4		)	(5	)%	(8		)	(5	)%	(1		)	(1	)%
Total ending balance - contract accumulation values	$	10,325		$	10,163		$	9,991		$	9,800		$	9,631		$	10,325		$	9,631		$	(694	)	(7	)%	$	(694	)	(7	)%	$	(169	)	(2	)%
Capitalized interest	$	—		$	1		$	1		$	1		$	—		$	1		$	1		$	—		—		$	—		—		$	(1	)	#
Payout Annuities Reserve Balance	$	2,088		$	2,088		$	2,096		$	2,090		$	2,099		$	2,088		$	2,099		$	11		1	%	$	11		1	%	$	9		—
Tax Equivalent Spread - Fixed Annuities (4)
Gross rate of return on invested assets (5)	4.6		%	4.6		%	4.6		%	4.4		%	4.3		%	4.6		%	4.3		%	(0.3		)%			(0.3		)%			(0.1		)%
Crediting rate excluding capitalized interest	(3.0		)%	(3.0		)%	(3.1		)%	(3.1		)%	(3.1		)%	(3.0		)%	(3.1		)%	(0.1		)%			(0.1		)%			—
Tax equivalent margin spread	1.6		%	1.6		%	1.5		%	1.3		%	1.2		%	1.6		%	1.2		%	(0.4		)%			(0.4		)%			(0.1		)%
Total Variable Annuities DAC
Beginning balance	$	1,695		$	1,685		$	1,670		$	1,724		$	1,726		$	1,722		$	1,724		$	31		2	%	$	2		—		$	2		—
Capitalization	41			41			41			34			40			83			74			(1		)	(2	)%	(9		)	(11	)%	6			18	%
Non-operating amortization	2			8			37			9			9			(14		)	18			7			#		32			#		—			—
Amortization per income statement	(43		)	(64		)	(45		)	(42		)	(43		)	(83		)	(85		)	—			—		(2		)	(2	)%	(1		)	(2	)%
Other	(10		)	—			21			1			(3		)	(23		)	(2		)	7			70	%	21			91	%	(4		)	#
Total ending balance	$	1,685		$	1,670		$	1,724		$	1,726		$	1,729		$	1,685		$	1,729		$	44		3	%	$	44		3	%	$	3		—
Total Fixed Annuities DAC
Beginning balance	$	70		$	57		$	56		$	76		$	74		$	87		$	76		$	4		6	%	$	(11	)	(13	)%	$	(2	)	(3	)%
Capitalization	2			—			—			1			—			3			1			(2		)	#		(2		)	(67	)%	(1		)	#
Non-operating amortization	—			—			—			(1		)	—			—			(1		)	—			—		(1		)	—		1			#
Amortization per income statement	(5		)	(2		)	(5		)	(5		)	(5		)	(10		)	(10		)	—			—		—			—		—			—
Other	(10		)	1			25			3			(1		)	(23		)	2			9			90	%	25			#		(4		)	#
Total ending balance	$	57		$	56		$	76		$	74		$	68		$	57		$	68		$	11		19	%	$	11		19	%	$	(6	)	(8	)%

(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 2nd quarter of 2016 through the 2nd quarter of 2017, 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%, 4.6%, 4.5%, 4.3% and 4.2% respectively.

# Variance equal to or greater than 100%.

22

Statistical Supplement Package

(unaudited)

Second Quarter 2017

Protection Segment

23

Ameriprise Financial, Inc.

Protection Segment

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Protection Segment Operating Income Statements
Revenues
Management and financial advice fees	$	12		$	13		$	13		$	13		$	10		$	25		$	23		$	(2	)	(17	)%	$	(2	)	(8	)%	$	(3	)	(23	)%
Distribution fees	25			24			26			25			25			48			50			—			—		2			4	%	—			—
Net investment income	82			85			83			85			82			162			167			—			—		5			3	%	(3		)	(4	)%
Premiums	318			323			327			294			297			636			591			(21		)	(7	)%	(45		)	(7	)%	3			1	%
Other revenues	101			168			99			104			103			209			207			2			2	%	(2		)	(1	)%	(1		)	(1	)%
Total revenues	538			613			548			521			517			1,080			1,038			(21		)	(4	)%	(42		)	(4	)%	(4		)	(1	)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	538			613			548			521			517			1,080			1,038			(21		)	(4	)%	(42		)	(4	)%	(4		)	(1	)%
Expenses
Distribution expenses	17			17			20			17			16			33			33			(1		)	(6	)%	—			—		(1		)	(6	)%
Interest credited to fixed accounts	43			44			45			44			47			86			91			4			9	%	5			6	%	3			7	%
Benefits, claims, losses and settlement expenses	339			363			310			297			313			652			610			(26		)	(8	)%	(42		)	(6	)%	16			5	%
Amortization of deferred acquisition costs	32			38			31			28			29			69			57			(3		)	(9	)%	(12		)	(17	)%	1			4	%
Interest and debt expense	5			6			7			6			6			12			12			1			20	%	—			—		—			—
General and administrative expense	64			61			62			66			55			122			121			(9		)	(14	)%	(1		)	(1	)%	(11		)	(17	)%
Operating expenses	500			529			475			458			466			974			924			(34		)	(7	)%	(50		)	(5	)%	8			2	%
Pretax operating earnings	$	38		$	84		$	73		$	63		$	51		$	106		$	114		$	13		34	%	$	8		8	%	$	(12	)	(19	)%
Pretax operating margin	7.1		%	13.7		%	13.3		%	12.1		%	9.9		%	9.8		%	11.0		%	2.8		%			1.2		%			(2.2		)%
Return on Capital
Allocated capital	$	1,505		$	1,516		$	1,522		$	1,478		$	1,460		$	1,505		$	1,460		$	(45	)	(3	)%	$	(45	)	(3	)%	$	(18	)	(1	)%
Operating return on allocated capital (1)	8.8		%	12.7		%	14.4		%	14.4		%	15.1		%	8.8		%	15.1		%	6.3		%			6.3		%			0.7		%
Market impact on indexed universal life benefits (2)
Risk margin and nonperformance spread impact	$	(2	)	$	—		$	8		$	3		$	8		$	(15	)	$	11		$	10		#		$	26		#		$	5		#
Other	7			7			(3		)	(3		)	(14		)	39			(17		)	(21		)	#		(56		)	#		(11		)	#
Total market impact on indexed universal life benefits excluded from operating earnings	$	5		$	7		$	5		$	—		$	(6	)	$	24		$	(6	)	$	(11	)	#		$	(30	)	#		$	(6	)	—
Product Information
Life and Health (3)
Pretax operating earnings	$	72		$	92		$	63		$	68		$	69		$	153		$	137		$	(3	)	(4	)%	$	(16	)	(10	)%	$	1		1	%
Allocated capital	$	805		$	809		$	817		$	817		$	800		$	805		$	800		$	(5	)	(1	)%	$	(5	)	(1	)%	$	(17	)	(2	)%
Operating return on allocated capital (1)	28.5		%	35.5		%	31.6		%	30.5		%	29.9		%	28.5		%	29.9		%	1.4		%			1.4		%			(0.6		)%
Auto and Home Insurance
Pretax operating earnings (loss)	$	(34	)	$	(8	)	$	10		$	(5	)	$	(18	)	$	(47	)	$	(23	)	$	16		47	%	$	24		51	%	$	(13	)	#
Allocated capital	$	700		$	707		$	705		$	661		$	660		$	700		$	660		$	(40	)	(6	)%	$	(40	)	(6	)%	$	(1	)	—
Operating return on allocated capital (1)	(13.4		)%	(12.8		)%	(5.1		)%	(4.3		)%	(2.4		)%	(13.4		)%	(2.4		)%	11.0		%			11.0		%			1.9		%
Total Auto and Home catastrophe losses	$	37		$	29		$	15		$	25		$	44		$	60		$	69		$	7		19	%	$	9		15	%	$	19		76	%

(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.

(3)Life and health includes captive insurance.

# Variance equal to or greater than 100%.

24

Ameriprise Financial, Inc.

Protection Segment

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Cash Sales
VUL / UL (1)	$	66		$	70		$	88		$	65		$	78		$	132		$	143		$	12		18	%	$	11		8	%	$	13		20	%
Term and whole life	3			2			2			2			2			5			4			(1		)	(33	)%	(1		)	(20	)%	—			—
Disability insurance	1			1			1			1			1			2			2			—			—		—			—		—			—
Auto and home	276			294			259			271			283			532			554			7			3	%	22			4	%	12			4	%
Total cash sales	$	346		$	367		$	350		$	339		$	364		$	671		$	703		$	18		5	%	$	32		5	%	$	25		7	%
VUL / UL Policyholder Account Balances
Beginning balance	$	11,170		$	11,236		$	11,461		$	11,511		$	11,783		$	11,170		$	11,511		$	613		5	%	$	341		3	%	$	272		2	%
Premiums and deposits	246			245			269			245			256			486			501			10			4	%	15			3	%	11			4	%
Investment performance and interest	129			281			82			348			275			176			623			146			#		447			#		(73		)	(21	)%
Withdrawals and surrenders	(307		)	(302		)	(302		)	(319		)	(308		)	(595		)	(627		)	(1		)	—		(32		)	(5	)%	11			3	%
Other	(2		)	1			1			(2		)	—			(1		)	(2		)	2			#		(1		)	#		2			#
Total ending balance	$	11,236		$	11,461		$	11,511		$	11,783		$	12,006		$	11,236		$	12,006		$	770		7	%	$	770		7	%	$	223		2	%
Premiums by Product
Term and whole life	$	12		$	11		$	11		$	11		$	11		$	23		$	22		$	(1	)	(8	)%	$	(1	)	(4	)%	$	—		—
Disability insurance	37			37			36			35			35			73			70			(2		)	(5	)%	(3		)	(4	)%	—			—
Auto and home	264			270			275			242			244			529			486			(20		)	(8	)%	(43		)	(8	)%	2			1	%
Intercompany premiums	5			5			5			6			7			11			13			2			40	%	2			18	%	1			17	%
Total premiums by product	$	318		$	323		$	327		$	294		$	297		$	636		$	591		$	(21	)	(7	)%	$	(45	)	(7	)%	$	3		1	%
Auto and Home Insurance Details
Policy count (thousands)	956			950			943			940			937			956			937			(19		)	(2	)%	(19		)	(2	)%	(3		)	—
Catastrophe loss ratio	14.1		%	10.6		%	4.4		%	9.4		%	16.0		%	11.5		%	12.7		%	1.9		%			1.2		%			6.6		%
Non-catastrophe /other loss ratio	85.5		%	79.3		%	79.6		%	78.7		%	80.1		%	84.2		%	79.4		%	(5.4		)%			(4.8		)%			1.4		%
Expense ratio	18.7		%	18.3		%	17.7		%	20.0		%	17.2		%	18.6		%	18.6		%	(1.5		)%			—					(2.8		)%
Combined ratio	118.3		%	108.2		%	101.7		%	108.1		%	113.3		%	114.3		%	110.7		%	(5.0		)%			(3.6		)%			5.2		%
DAC Rollforward
Life and Health
Beginning balance	$	828		$	802		$	783		$	821		$	821		$	857		$	821		$	(7	)	(1	)%	$	(36	)	(4	)%	$	—		—
Capitalization	18			18			26			19			21			36			40			3			17	%	4			11	%	2			11	%
Non-operating amortization	(2		)	(4		)	(6		)	(1		)	3			(8		)	2			5			#		10			#		4			#
Amortization per income statement	(15		)	(21		)	(14		)	(14		)	(15		)	(35		)	(29		)	—			—		6			17	%	(1		)	(7	)%
Other	(27		)	(12		)	32			(4		)	(11		)	(48		)	(15		)	16			59	%	33			69	%	(7		)	#
Total ending balance	$	802		$	783		$	821		$	821		$	819		$	802		$	819		$	17		2	%	$	17		2	%	$	(2	)	—
Life Insurance in Force	$	196,065		$	195,987		$	196,472		$	196,338		$	196,045		$	196,065		$	196,045		$	(20	)	—		$	(20	)	—		$	(293	)	—
Net Amount at Risk	$	40,345		$	40,696		$	41,290		$	41,717		$	41,192		$	40,345		$	41,192		$	847		2	%	$	847		2	%	$	(525	)	(1	)%
Net Policyholder Reserves
VUL / UL	$	10,461		$	10,700		$	10,759		$	11,054		$	11,295		$	10,461		$	11,295		$	834		8	%	$	834		8	%	$	241		2	%
Term and whole life	206			205			203			201			200			206			200			(6		)	(3	)%	(6		)	(3	)%	(1		)	—
Disability insurance	517			520			524			525			526			517			526			9			2	%	9			2	%	1			—
Other insurance	809			801			792			790			783			809			783			(26		)	(3	)%	(26		)	(3	)%	(7		)	(1	)%
Auto and home loss and LAE reserves	616			616			614			610			599			616			599			(17		)	(3	)%	(17		)	(3	)%	(11		)	(2	)%
Total net policyholder reserves	$	12,609		$	12,842		$	12,892		$	13,180		$	13,403		$	12,609		$	13,403		$	794		6	%	$	794		6	%	$	223		2	%

(1)Includes lump sum deposits.

# Variance equal to or greater than 100%.

25

Statistical Supplement Package

(unaudited)

Second Quarter 2017

Corporate & Other Segment

26

Ameriprise Financial, Inc.

Corporate & Other Segment

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Product Information (1)
Corporate excluding Long Term Care
Operating total net revenues	$	(7	)	$	(15	)	$	(8	)	$	(9	)	$	(11	)	$	(5	)	$	(20	)	$	(4	)	(57	)%	$	(15	)	#		$	(2	)	(22	)%
Operating expenses	69			57			66			72			62			121			134			(7		)	(10	)%	13			11	%	(10		)	(14	)%
Pretax operating earnings (loss)	$	(76	)	$	(72	)	$	(74	)	$	(81	)	$	(73	)	$	(126	)	$	(154	)	$	3		4	%	$	(28	)	(22	)%	$	8		10	%
Long Term Care
Operating total net revenues	$	66		$	66		$	67		$	66		$	66		$	132		$	132		$	—		—		$	—		—		$	—		—
Operating expenses	67			139			81			65			69			132			134			2			3	%	2			2	%	4			6	%
Pretax operating earnings (loss)	$	(1	)	$	(73	)	$	(14	)	$	1		$	(3	)	$	—		$	(2	)	$	(2	)	#		$	(2	)	—		$	(4	)	#
Allocated capital	$	600		$	579		$	663		$	674		$	690		$	600		$	690		$	90		15	%	$	90		15	%	$	16		2	%

(1)See Exhibit B for details on Long Term Care and Corporate Excluding Long Term Care

# Variance equal to or greater than 100%.

27

Ameriprise Financial, Inc.

Eliminations (1)

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Eliminations Operating Income Statements
Revenues
Management and financial advice fees	$	(34	)	$	(34	)	$	(36	)	$	(35	)	$	(34	)	$	(67	)	$	(69	)	$	—		—		$	(2	)	(3	)%	$	1		3	%
Distribution fees	(310		)	(314		)	(322		)	(303		)	(304		)	(612		)	(607		)	6			2	%	5			1	%	(1		)	—
Net investment income	—			(1		)	—			—			—			—			—			—			—		—			—		—			—
Premiums	(5		)	(5		)	(6		)	(9		)	(8		)	(10		)	(17		)	(3		)	(60	)%	(7		)	(70	)%	1			11	%
Other revenues	—			—			—			—			—			—			—			—			—		—			—		—			—
Total revenues	(349		)	(354		)	(364		)	(347		)	(346		)	(689		)	(693		)	3			1	%	(4		)	(1	)%	1			—
Banking and deposit interest expense	—			(1		)	—			—			(1		)	—			(1		)	(1		)	—		(1		)	—		(1		)	—
Operating total net revenues	(349		)	(353		)	(364		)	(347		)	(345		)	(689		)	(692		)	4			1	%	(3		)	—		2			1	%
Expenses
Distribution expenses	(333		)	(336		)	(347		)	(327		)	(325		)	(657		)	(652		)	8			2	%	5			1	%	2			1	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			(3		)	(3		)	—			(6		)	(3		)	—		(6		)	—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	(16		)	(17		)	(17		)	(17		)	(17		)	(32		)	(34		)	(1		)	(6	)%	(2		)	(6	)%	—			—
Operating expenses	(349		)	(353		)	(364		)	(347		)	(345		)	(689		)	(692		)	4			1	%	(3		)	—		2			1	%
Pretax operating earnings	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—

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

28

Statistical Supplement Package

(unaudited)

Second Quarter 2017

Balance Sheet and Ratings Information

29

Ameriprise Financial, Inc.

Consolidated Balance Sheets

Second Quarter 2017

(in millions, unaudited)	June 30, 2016			September 30, 2016			December 31, 2016			March 31, 2017			June 30, 2017
Assets
Cash and cash equivalents	$	2,819		$	3,075		$	2,318		$	1,996		$	2,392
Cash of consolidated investment entities	231			254			168			181			171
Investments	35,265			35,875			35,834			35,771			35,935
Investments of consolidated investment entities	2,605			2,573			2,254			2,249			2,257
Separate account assets	80,230			81,511			80,210			82,169			83,661
Receivables	5,171			5,322			5,299			5,355			5,481
Receivables of consolidated investment entities	19			14			11			17			38
Deferred acquisition costs	2,605			2,539			2,648			2,643			2,637
Restricted and segregated cash and investments	2,866			2,962			3,331			3,403			3,072
Other assets	10,892			9,517			7,748			7,073			7,500
Other assets of consolidated investment entities	1			1			—			—			—
Total Assets	$	142,704		$	143,643		$	139,821		$	140,857		$	143,144
Liabilities
Policyholder account balances, future policy benefits and claims	$	31,242		$	31,469		$	30,202		$	29,762		$	29,878
Separate account liabilities	80,230			81,511			80,210			82,169			83,661
Customer deposits	9,132			9,442			10,036			10,316			10,200
Short-term borrowings	200			200			200			200			200
Long-term debt	2,452			2,934			2,917			2,911			2,908
Debt of consolidated investment entities	2,749			2,710			2,319			2,341			2,308
Accounts payable and accrued expenses	1,383			1,544			1,727			1,470			1,600
Other liabilities	8,165			6,951			5,823			5,375			6,001
Other liabilities of consolidated investment entities	88			112			95			86			138
Total Liabilities	135,641			136,873			133,529			134,630			136,894
Equity
Ameriprise Financial
Common shares ($.01 par)	3			3			3			3			3
Additional paid-in capital	7,659			7,709			7,765			7,857			7,903
Retained earnings	9,981			10,072			10,351			10,633			10,897
Treasury stock	(11,218		)	(11,609		)	(12,027		)	(12,485		)	(12,852		)
Accumulated other comprehensive income, net of tax	638			595			200			219			299
Total Equity	7,063			6,770			6,292			6,227			6,250
Total Liabilities and Equity	$	142,704		$	143,643		$	139,821		$	140,857		$	143,144

30

Ameriprise Financial, Inc.

Capital and Ratings Information

Second Quarter 2017

(in millions unless otherwise noted, unaudited)	June 30, 2016			September 30, 2016			December 31, 2016			March 31, 2017			June 30, 2017
Long-term Debt Summary
Senior notes	$	2,350		$	2,850		$	2,850		$	2,850		$	2,850
Capital lease obligations	55			52			49			47			44
Fair value of hedges, unamortized discount and debt issuance costs	47			32			18			14			14
Total Ameriprise Financial long-term debt	2,452			2,934			2,917			2,911			2,908
Non-recourse debt of consolidated investment entities	2,749			2,710			2,319			2,341			2,308
Total long-term debt	$	5,201		$	5,644		$	5,236		$	5,252		$	5,216
Total Ameriprise Financial long-term debt	$	2,452		$	2,934		$	2,917		$	2,911		$	2,908
Fair value of hedges, unamortized discount and debt issuance costs	(47		)	(32		)	(18		)	(14		)	(14		)
Capital lease obligations	(55		)	(52		)	(49		)	(47		)	(44		)
Total Ameriprise Financial long-term debt excluding fair value of hedges, unamortized discount, debt issuance costs and capital lease obligations (1)	$	2,350		$	2,850		$	2,850		$	2,850		$	2,850
Total equity (2)	$	7,063		$	6,770		$	6,292		$	6,227		$	6,250
Equity of consolidated investment entities	—			—			—			(1		)	(1		)
Total equity excluding CIEs (1)	$	7,063		$	6,770		$	6,292		$	6,226		$	6,249
Total Ameriprise Financial capital	$	9,515		$	9,704		$	9,209		$	9,138		$	9,158
Total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, debt issuance costs, capital lease obligations and equity of CIEs (1)	$	9,413		$	9,620		$	9,142		$	9,076		$	9,099
Debt to capital
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	25.8		%	30.2		%	31.7		%	31.9		%	31.8		%
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)	25.0		%	29.6		%	31.2		%	31.4		%	31.3		%

	A.M. Best Company	Standard & Poor’s Rating Services	Moody’s Investors Service, Inc.
Ratings (as of June 30, 2017 earnings release date)
Claims Paying Ratings (3)
RiverSource Life Insurance Company	A+	AA-	Aa3
IDS Property Casualty Ins. Company	A	N/R	N/R
Debt Ratings (3)
Ameriprise Financial, Inc.	a-	A	A3

(1)See non-GAAP financial information on pg 33.  Non-GAAP financial measure reconciliations can be found on page 48.

(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)

Second Quarter 2017

(in millions unless otherwise noted, unaudited)	June 30, 2016			September 30, 2016			December 31, 2016			March 31, 2017			June 30, 2017
Cash and cash equivalents	$	2,819		$	3,075		$	2,318		$	1,996		$	2,392
Investments - Ending Balances
Available-for-Sale Securities
Corporate debt securities	16,450			16,552			16,236			16,089			15,857
Residential mortgage backed securities	6,538			6,862			6,918			6,882			6,921
Commercial mortgage backed securities	2,964			3,089			3,367			3,274			3,443
Asset backed securities	1,419			1,504			1,549			1,647			1,678
Total mortgage and other asset backed securities	10,921			11,455			11,834			11,803			12,042
State and municipal obligations	2,480			2,488			2,358			2,400			2,423
US government and agencies obligations	13			10			8			8			7
Foreign government bonds and obligations	276			275			261			264			300
Common and preferred stocks	18			19			22			18			18
Total other	2,787			2,792			2,649			2,690			2,748
Total available-for-sale securities	30,158			30,799			30,719			30,582			30,647
Commercial mortgage loans	2,713			2,682			2,702			2,712			2,737
Allowance for loan losses	(21		)	(21		)	(21		)	(21		)	(21		)
Commercial mortgage loans, net	2,692			2,661			2,681			2,691			2,716
Residential mortgage loans	326			314			305			290			277
Allowance for loan losses	(1		)	(1		)	—			—			—
Residential mortgage loans, net	325			313			305			290			277
Policy loans	830			835			831			830			836
Other investments	1,260			1,267			1,298			1,378			1,459
Total investments	35,265			35,875			35,834			35,771			35,935
Total cash, cash equivalents and investments	$	38,084		$	38,950		$	38,152		$	37,767		$	38,327
Net unrealized gain Available-for-Sale Securities	$	1,986		$	2,058		$	1,247		$	1,282		$	1,452
AFS Fixed Maturity Asset Quality - %
AAA	28		%	29		%	31		%	31		%	33		%
AA	7		%	7		%	6		%	6		%	7		%
AFS securities AA and above	35		%	36		%	37		%	37		%	40		%
A	19		%	19		%	18		%	18		%	18		%
BBB	41		%	40		%	40		%	40		%	38		%
Below investment grade	5		%	5		%	5		%	5		%	4		%
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		%	5		%	5		%	5		%	4		%

(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, 47 and 48.

These non-GAAP measures include:

· Adjusted net pretax operating margin;

· Adjusted operating earnings;

· Adjusted operating revenues;

· Basic operating earnings per share;

· 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;

· Total equity excluding AOCI;

· Total equity excluding CIEs;

· Total equity excluding CIEs and AOCI

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.  It also includes the results of our closed-block Long Term Care business.

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 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)

Second Quarter 2017

Disclosed Items

37

Ameriprise Financial, Inc.

Disclosed Items

2 Qtr 2017

Excluded from Operating Earnings

	Advice & Wealth Management		Annuities					Protection			Corporate and Eliminations
					Market Impact on			Market Impact on						Market Impact
	Securities		Securities		VA Guaranteed			Indexed Universal						of Hedges
(in millions, unaudited)	Gains/(Losses) (1)		Gains/(Losses) (1)		Benefits (2)			Life Benefits (3)			CIEs (4)			on Investments (5)
Revenues
Management and financial advice fees	$	—	$	—	$	—		$	—		$	(3	)	$	—
Distribution fees	—		—		—			—			—			—
Net investment income	7		14		—			—			28			(8		)
Premiums	—		—		—			—			—			—
Other revenues	—		—		—			(3		)	—			—
Total revenues	7		14		—			(3		)	25			(8		)
Banking and deposit interest expense	—		—		—			—			—			—
Total net revenues	7		14		—			(3		)	25			(8		)
Expenses
Distribution expenses	—		—		—			—			—			—
Interest credited to fixed accounts	—		—		—			6			—			—
Benefits, claims, losses and settlement expenses	—		1		89			—			—			—
Amortization of deferred acquisition costs	—		—		(9		)	(3		)	—			—
Interest and debt expense	—		—		—			—			22			—
General and administrative expense	—		—		—			—			2			—
Total expenses	—		1		80			3			24			—
Pretax segment income (loss)	$	7	$	13	$	(80	)	$	(6	)	$	1		$	(8	)

Included in Operating Earnings

	Annuities			Protection			Corporate			Consolidated
	Market			Auto & Home			Department of			Tax Benefit from
	Impacts			Catastrophe			Labor Implementation			Adopting New
(in millions, unaudited)	to DAC/DSIC (6)			Losses (7)			Costs (8)			Accounting Standard (9)
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—
Net investment income	—			—			—			—
Premiums	—			—			—			—
Other revenues	—			—			—			—
Total revenues	—			—			—			—
Banking and deposit interest expense	—			—			—			—
Operating total net revenues	—			—			—			—
Expenses
Distribution expenses	—			—			—			—
Interest credited to fixed accounts	—			—			—			—
Benefits, claims, losses and settlement expenses	(2		)	44			—			—
Amortization of deferred acquisition costs	(7		)	—			—			—
Interest and debt expense	—			—			—			—
General and administrative expense	—			—			8			—
Operating expenses	(9		)	44			8			—
Pretax operating earnings	$	9		$	(44	)	$	(8	)	$	—
Tax benefit										$	4

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

(2)Variable annuity guaranteed benefit impacts include:

$91 million net expense related to hedged variable annuity benefits

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

(3)Indexed universal life benefit impacts include:

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

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

$3 million decrease in unearned revenue reserve amortization and reinsurance accrual from hedged indexed universal life benefits

(4)Reflects revenues and expenses of Consolidated Investment Entities

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

(9)Tax benefit related to the adoption of stock compensation accounting guidance

38

Ameriprise Financial, Inc.

Disclosed Items

1 Qtr 2017

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			Indexed Universal					of Hedges
(in millions, unaudited)	Gains/(Losses) (1)		Gains/(Losses) (1)			Gains/(Losses) (1)		Benefits (2)			Life Benefits (3)		CIEs (4)			on Investments (5)
Revenues
Management and financial advice fees	$	—	$	—		$	—	$	—		$	—	$	(3	)	$	—
Distribution fees	—		—			—		—			—		—			—
Net investment income	2		(2		)	17		—			—		25			1
Premiums	—		—			—		—			—		—			—
Other revenues	—		—			—		—			1		—			—
Total revenues	2		(2		)	17		—			1		22			1
Banking and deposit interest expense	—		—			—		—			—		—			—
Total net revenues	2		(2		)	17		—			1		22			1
Expenses
Distribution expenses	—		—			—		—			—		—			—
Interest credited to fixed accounts	—		—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—		—			—		72			—		—			—
Amortization of deferred acquisition costs	—		—			1		(9		)	1		—			—
Interest and debt expense	—		—			—		—			—		21			—
General and administrative expense	—		—			—		—			—		—			—
Total expenses	—		—			1		63			1		21			—
Pretax segment income (loss)	$	2	$	(2	)	$	16	$	(63	)	$	—	$	1		$	1

Included in Operating Earnings
	Annuities			Protection						Corporate						Consolidated
	Market			Market			Auto & Home			Department of			Renegotiated			Tax Benefit from
	Impacts			Impacts			Catastrophe			Labor Implementation			Vendor			Adopting New
(in millions, unaudited)	to DAC/DSIC (6)			to DAC/DSIC (6)			Losses (7)			Costs (8)			Arrangement (9)			Accounting Standard (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	(2		)	—			25			—			—			—
Amortization of deferred acquisition costs	(8		)	(1		)	—			—			—			—
Interest and debt expense	—			—			—			—			—			—
General and administrative expense	—			—			—			10			9			—
Operating expenses	(10		)	(1		)	25			10			9			—
Pretax operating earnings	$	10		$	1		$	(25	)	$	(10	)	$	(9	)	$	—
Tax benefit																$	28

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

(2)Variable annuity guaranteed benefit impacts include:

$73 million net expense related to hedged variable annuity benefits

$10 million decrease in DAC and DSIC amortization resulting from hedged benefits

(3)Indexed universal life benefit impacts include:

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

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

$1 million increase in unearned revenue reserve amortization and reinsurance accrual from hedged indexed universal life benefits

(4)Reflects revenues and expenses of Consolidated Investment Entities

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

(9)Renegotiation of a vendor arrangement

(10)Tax benefit related to the adoption of stock compensation accounting guidance

39

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

40

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			Market			Valuation			Long Term Care			Department of			Affordable Housing
	Assumption &			Impacts			Assumption &			Catastrophe			Prior Year Reserve			Impacts			Assumption &			Claim Reserve			Labor Implementation			Investment
(in millions, unaudited)	Model Changes (6)			to DAC/DSIC (7)			Model Changes (6)			Losses (8)			Development (9)			to DAC/DSIC (7)			Model Changes (6)			Adjustment (10)			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		)	40			29			(10		)	—			6			29			—			—
Amortization of deferred acquisition costs	18			(7		)	7			—			—			(1		)	58			—			—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—			—
General and administrative expense	—			—			—			—			—			—			—			—			7			—
Operating expenses	215			(9		)	47			29			(10		)	(1		)	37			29			7			—
Pretax operating earnings	$	(215	)	$	9		$	17		$	(29	)	$	10		$	1		$	(37	)	$	(29	)	$	(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

41

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

42

Exhibit B

Statistical Supplement Package

(unaudited)

Second Quarter 2017

Corporate & Other Segment Details

43

Ameriprise Financial, Inc.

Corporate Excluding Long Term Care

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Corporate Excluding Long Term Care Operating Income Statements
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	(6		)	(18		)	(9		)	(11		)	(11		)	(5		)	(22		)	(5		)	(83	)%	(17		)	#		—			—
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	(1		)	4			1			2			1			—			3			2			#		3			—		(1		)	(50	)%
Total revenues	(7		)	(14		)	(8		)	(9		)	(10		)	(5		)	(19		)	(3		)	(43	)%	(14		)	#		(1		)	(11	)%
Banking and deposit interest expense	—			1			—			—			1			—			1			1			—		1			—		1			—
Operating total net revenues	(7		)	(15		)	(8		)	(9		)	(11		)	(5		)	(20		)	(4		)	(57	)%	(15		)	#		(2		)	(22	)%
Expenses
Distribution expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	5			5			4			5			4			9			9			(1		)	(20	)%	—			—		(1		)	(20	)%
General and administrative expense	64			52			62			67			58			112			125			(6		)	(9	)%	13			12	%	(9		)	(13	)%
Operating expenses	69			57			66			72			62			121			134			(7		)	(10	)%	13			11	%	(10		)	(14	)%
Pretax operating earnings (loss)	$	(76	)	$	(72	)	$	(74	)	$	(81	)	$	(73	)	$	(126	)	$	(154	)	$	3		4	%	$	(28	)	(22	)%	$	8		10	%

# Variance equal to or greater than 100%.

44

Ameriprise Financial, Inc.

Long Term Care

Second Quarter 2017

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 2Q					YTD Chg - 2Q					Seq Qtr Chg - 2Q
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017			Diff.			%		Diff.			%		Diff.			%
Long Term Care Operating Income Statements
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	39			39			38			39			40			78			79			1			3	%	1			1	%	1			3	%
Premiums	27			27			29			27			26			54			53			(1		)	(4	)%	(1		)	(2	)%	(1		)	(4	)%
Other revenues	—			—			—			—			—			—			—			—			—		—			—		—			—
Total revenues	66			66			67			66			66			132			132			—			—		—			—		—			—
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Operating total net revenues	66			66			67			66			66			132			132			—			—		—			—		—			—
Expenses
Distribution expenses	(4		)	(31		)	(3		)	(3		)	(2		)	(8		)	(5		)	2			50	%	3			38	%	1			33	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	60			101			75			58			62			118			120			2			3	%	2			2	%	4			7	%
Amortization of deferred acquisition costs	2			59			—			—			—			4			—			(2		)	#		(4		)	#		—			—
Interest and debt expense	3			2			2			3			2			5			5			(1		)	(33	)%	—			—		(1		)	(33	)%
General and administrative expense	6			8			7			7			7			13			14			1			17	%	1			8	%	—			—
Operating expenses	67			139			81			65			69			132			134			2			3	%	2			2	%	4			6	%
Pretax operating earnings (loss)	$	(1	)	$	(73	)	$	(14	)	$	1		$	(3	)	$	—		$	(2	)	$	(2	)	#		$	(2	)	—		$	(4	)	#

# Variance equal to or greater than 100%.

45

Exhibit C

Statistical Supplement Package

(unaudited)

Second Quarter 2017

Non-GAAP Financial Measure Reconciliations

46

Ameriprise Financial, Inc.

Non-GAAP Financial Measure Reconciliations

Second Quarter 2017

																Year-to-date
(in millions unless otherwise noted, unaudited)	2 Qtr 2016			3 Qtr 2016			4 Qtr 2016			1 Qtr 2017			2 Qtr 2017			2016			2017
Return on Equity
Net income (last twelve months)	$	1,453		$	1,271		$	1,314		$	1,353		$	1,411		$	1,453		$	1,411
Less adjustments (1)	(174		)	(154		)	(113		)	(128		)	(132		)	(174		)	(132		)
Operating earnings (last twelve months)	$	1,627		$	1,425		$	1,427		$	1,481		$	1,543		$	1,627		$	1,543
Total Ameriprise Financial shareholders’ equity (five point quarter end average)	$	7,355		$	7,139		$	6,877		$	6,684		$	6,520		$	7,355		$	6,520
Less AOCI, net of tax (five point quarter end average)	459			478			426			419			390			459			390
Total Ameriprise Financial shareholders’ equity excluding AOCI (five point quarter end average)	6,896			6,661			6,451			6,265			6,130			6,896			6,130
Less equity impacts attributable to the consolidated investment entities (five point quarter end average)	114			62			27			—			—			114			—
Operating equity (five point quarter end average)	$	6,782		$	6,599		$	6,424		$	6,265		$	6,130		$	6,782		$	6,130
Return on equity excluding AOCI	21.1		%	19.1		%	20.4		%	21.6		%	23.0		%	21.1		%	23.0		%
Operating return on equity excluding AOCI	24.0		%	21.6		%	22.2		%	23.6		%	25.2		%	24.0		%	25.2		%
Effective Tax Rate
Pretax income	$	410		$	238		$	469		$	475		$	511		$	885		$	986
Less adjustments (2)	(66		)	(19		)	(66		)	(45		)	(73		)	(88		)	(118		)
Pretax operating earnings	$	476		$	257		$	535		$	520		$	584		$	973		$	1,104
Income tax provision	$	75		$	23		$	69		$	72		$	118		$	186		$	190
Operating income tax provision	$	97		$	30		$	92		$	88		$	143		$	216		$	231
Effective tax rate	18.4		%	9.7		%	14.5		%	15.2		%	23.1		%	21.0		%	19.3		%
Operating effective tax rate	20.4		%	11.7		%	17.2		%	16.9		%	24.5		%	22.2		%	20.9		%

(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.

47

Ameriprise Financial, Inc.

Non-GAAP Financial Measure Reconciliations

Second Quarter 2017

(in millions unless otherwise noted, unaudited)	June 30, 2016			September 30, 2016			December 31, 2016			March 31, 2017			June 30, 2017
Long-term Debt Summary
Senior notes	$	2,350		$	2,850		$	2,850		$	2,850		$	2,850
Capital lease obligations	55			52			49			47			44
Fair value of hedges, unamortized discount and debt issuance costs	47			32			18			14			14
Total Ameriprise Financial long-term debt	2,452			2,934			2,917			2,911			2,908
Less fair value of hedges, unamortized discount and debt issuance costs	47			32			18			14			14
Less capital lease obligations	55			52			49			47			44
Total Ameriprise Financial long-term debt excluding fair value of hedges, unamortized discount, debt issuance costs and capital lease obligations	$	2,350		$	2,850		$	2,850		$	2,850		$	2,850
Equity Summary
Total equity	7,063			6,770			6,292			6,227			6,250
Less equity of consolidated investment entities	—			—			—			1			1
Total equity excluding CIEs	$	7,063		$	6,770		$	6,292		$	6,226		$	6,249
Capital Summary
Total Ameriprise Financial long-term debt	$	2,452		$	2,934		$	2,917		$	2,911		$	2,908
Total equity	7,063			6,770			6,292			6,227			6,250
Total Ameriprise Financial capital	9,515			9,704			9,209			9,138			9,158
Less equity of consolidated investment entities	—			—			—			1			1
Less fair value of hedges, unamortized discount and debt issuance costs	47			32			18			14			14
Less capital lease obligations	55			52			49			47			44
Total Ameriprise Financial capital excluding fair value of hedges, unamortized discount, debt issuance costs, capital lease obligations and equity of CIEs	$	9,413		$	9,620		$	9,142		$	9,076		$	9,099
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital	25.8		%	30.2		%	31.7		%	31.9		%	31.8		%
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	25.0		%	29.6		%	31.2		%	31.4		%	31.3		%
Total equity	$	7,063		$	6,770		$	6,292		$	6,227		$	6,250
AOCI	638			595			200			219			299
Retained earnings attributable to CIEs	—			—			—			1			1
Total equity	$	7,063		$	6,770		$	6,292		$	6,227		$	6,250
Less AOCI	638			595			200			219			299
Total equity excluding AOCI	$	6,425		$	6,175		$	6,092		$	6,008		$	5,951
Total equity	$	7,063		$	6,770		$	6,292		$	6,227		$	6,250
Less retained earnings attributable to CIEs	—			—			—			1			1
Less AOCI	638			595			200			219			299
Total equity excluding CIEs and AOCI	$	6,425		$	6,175		$	6,092		$	6,007		$	5,950

48