UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure. |
Ameriprise Financial, Inc. ("the Company") is updating tables provided in the Company’s quarterly earnings release (the “Tables Supplement”) for the period ended December 31, 2022, to reflect the impact to certain 2021 and 2022 data to the Tables Supplement as a result of the adoption of the Financial Accounting Standards Board’s Accounting Standard Update 2018-12 Financial Services - Insurance: Targeted Improvements to the Accounting for Long-Duration Contracts, as clarified and amended by (i) ASU 2019-09 Financial Services - Insurance: Effective Date, and (ii) ASU 2020-11 Financial Services - Insurance: Effective Date and Early Application (collectively, “LDTI”) as of January 1, 2023. The information in the Tables Supplement applies LDTI as of the beginning of the earliest period presented in the Company’s quarterly and annual financial statements, which results in a January 1, 2021, transition date. The impacts to the 2021 and 2022 data are being reflected at this time voluntarily and for comparative purposes only.
The Company is furnishing the Tables Supplement, reflecting the adoption of LDTI, as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information included or incorporated in this report (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| Exhibit 99.1 | Tables Supplement (Recast for January 1, 2023 LDTI Adoption) | |
| Exhibit 104 | Cover page is formatted in iXBRL (Inline eXtensible Business Reporting Language) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| AMERIPRISE FINANCIAL, INC. (Registrant) | ||
| Date: April 13, 2023 | By: | /s/ Walter Berman |
| Name: | Walter Berman | |
| Title: | Executive Vice President and Chief Financial Officer | |