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Ameriprise Financial estimates $24M in Q2 cat losses

AmeripriseFinancial Inc. estimates its second-quarter operating earnings willinclude an unfavorable after-tax impact of $25 million related to several items.

Ameriprise had auto and home catastrophe losses of $24million in the quarter. The company also incurred $18 million of expense fromthe resolution of a legacy legal matter related to the hedge fund business anda loss associated with the sale of operations center real estate.

In addition, Ameriprise had a tax benefit of $17 millionrelated to tax audit adjustments.