other material
confidence high
sentiment neutral
materiality 0.40
Ameriprise Financial recasts 2021-2022 results for LDTI adoption; no impact on cash flows or capital
AMERIPRISE FINANCIAL INC
- Provides recast GAAP and operating results for 2021 and 2022 under new long-duration contracts accounting standard (LDTI).
- Adoption effective Q1 2023; no impact on overall cash flows, insurance subsidiary dividend capacity, or regulatory capital.
- No impact on Advice & Wealth Management, Asset Management, or Corporate (excluding LTC and Fixed Annuities) segments.
- Recast data reflects LDTI as of Jan 1, 2021 transition date.