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Reuters
5 days ago
- Business
- Reuters
Ameriprise Financial's quarterly profit rises on higher fee income
July 24 (Reuters) - Asset and wealth manager Ameriprise Financial (AMP.N), opens new tab reported a 28% rise in its second-quarter profit on Thursday, as a late-quarter market rally boosted the value of its fee-generating assets to a record high. After a turbulent start to the quarter because of U.S. President Donald Trump's shifting tariffs, the markets regained poise on hopes of a softer trade policy and positive macroeconomic data. Ameriprise's assets under management, administration and advisement came in at $1.58 trillion during the three months ended June 30, up 9% from a year ago. "While markets were volatile in the quarter, client activity remained strong," chairman and CEO Jim Cracchiolo said in a statement. Assets under management and the fees earned by managers depend on two factors - money flowing in and out of the funds and the performance of investments. Ameriprise's management and financial advice fees rose 6% to $2.6 billion during the second quarter, while its net investment income dropped 3% to $891 million. Total client assets at its advice and wealth management business, which primarily targets high net-worth households with $500,000 to $5 million in investable assets, grew to $1.08 billion from $972 million a year earlier. However, the unit posted a 35% fall in quarterly net flows. Rival BlackRock (BLK.N), opens new tab also reported a fall in long-term net inflows last week, after a major Asian institutional client pulled money from an index strategy. Ameriprise's second-quarter profit rose to $1.06 billion, or $10.73 per share, compared with $829 million, or $8.02, a year earlier.
Yahoo
5 days ago
- Business
- Yahoo
Ameriprise Financial's quarterly profit rises on higher fee income
(Reuters) -Asset and wealth manager Ameriprise Financial reported a 28% rise in its second-quarter profit on Thursday, as a late-quarter market rally boosted the value of its fee-generating assets to a record high. After a turbulent start to the quarter because of U.S. President Donald Trump's shifting tariffs, the markets regained poise on hopes of a softer trade policy and positive macroeconomic data. Ameriprise's assets under management, administration and advisement came in at $1.58 trillion during the three months ended June 30, up 9% from a year ago. "While markets were volatile in the quarter, client activity remained strong," chairman and CEO Jim Cracchiolo said in a statement. Assets under management and the fees earned by managers depend on two factors - money flowing in and out of the funds and the performance of investments. Ameriprise's management and financial advice fees rose 6% to $2.6 billion during the second quarter, while its net investment income dropped 3% to $891 million. Total client assets at its advice and wealth management business, which primarily targets high net-worth households with $500,000 to $5 million in investable assets, grew to $1.08 billion from $972 million a year earlier. However, the unit posted a 35% fall in quarterly net flows. Rival BlackRock also reported a fall in long-term net inflows last week, after a major Asian institutional client pulled money from an index strategy. Ameriprise's second-quarter profit rose to $1.06 billion, or $10.73 per share, compared with $829 million, or $8.02, a year earlier. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Ameriprise Financial Reports Second Quarter 2025 Results
MINNEAPOLIS, July 24, 2025--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP): Earnings Per Diluted Share Return on Equity, ex AOCI (1) Q2 2025 Q2 2025 GAAP $10.73 GAAP 45.8% Adjusted Operating $9.11 Adjusted Operating 51.5% Second quarter adjusted operating earnings per diluted share increased 7 percent to $9.11. Results reflected asset growth and expense discipline. Second quarter GAAP net income per diluted share was $10.73 compared to $8.02 a year ago. Assets under management, administration and advisement reached a record high of $1.6 trillion, up 9 percent, with growth across the firm. Adjusted operating net revenues increased 4 percent to $4.3 billion primarily from asset growth. The company has consistently demonstrated strong expense discipline enabling business growth investments. In the quarter, general and administrative expenses improved 1 percent, reflecting benefits from ongoing initiatives to drive firm-wide operational transformation, client experience enhancements and future profitability. Pretax adjusted operating margin continues to be very strong at 27 percent and adjusted operating return on equity was 52 percent.(1) The company returned $731 million of capital to shareholders in the quarter, which was 81 percent of adjusted operating earnings, demonstrating its differentiated capital return track record and consistent free cash flow generation. Balance sheet fundamentals were excellent with significant excess capital and holding company available liquidity. Kiplinger recognized Ameriprise as outstanding for overall satisfaction, quality of advice, trustworthy advisers and being the most recommended among wealth managers in its 2025 Readers' Choice Awards. Ameriprise was named one of America's Most Innovative Companies 2025 by Fortune. Perspective from Jim Cracchiolo, Chairman and Chief Executive Officer "Ameriprise delivered another good quarter, posting strong financial results. While markets were volatile in the quarter, client activity remained strong. And advisor productivity grew by double digits, reaching another record. In addition, both client and firm asset levels hit all-time highs. Our advice value proposition is differentiated in the industry and helps clients feel confident about achieving their long-term goals. That's why we're continuing to invest in the business and transforming our operating model to drive best-in-class margins and sustainable shareholder value creation. Whether its premier technology and security, digital tools or product solutions, we're constantly innovating and evolving with client and advisor needs. Notably, in the quarter, we launched our new unified managed account, the Ameriprise Signature Wealth Program. Given the strong free cash flow Ameriprise generates, we're able to return capital to shareholders at an attractive rate and maintain significant excess capital and flexibility. In fact, in the first half of 2025, Ameriprise returned 81% of adjusted operating earnings to shareholders through both dividends and share repurchases. Ameriprise remains well positioned. We're serving clients exceptionally well and benefiting from the strength of our business, team and financial foundation." (1) Return on equity excluding AOCI is calculated on a trailing 12-month basis. Ameriprise Financial, Inc. Second Quarter Summary Quarter Ended June 30, % Better/ (Worse) Year-to-date June 30, % Better/ (Worse) (in millions, except per share amounts, unaudited) 2025 2024 2025 2024 GAAP net income $ 1,060 $ 829 28% $ 1,643 $ 1,819 (10)% Adjusted operating earnings(see reconciliation on p. 24) $ 900 $ 882 2% $ 1,850 $ 1,760 5% GAAP net income per diluted share $ 10.73 $ 8.02 34% $ 16.53 $ 17.49 (5)% Adjusted operating earnings per diluted share(see reconciliation on p. 24) $ 9.11 $ 8.53 7% $ 18.61 $ 16.92 10% GAAP Return on Equity, ex. AOCI 45.8 % 45.9 % 45.8 % 45.9 % Adjusted Operating Return on Equity, ex. AOCI(see reconciliation on p. 26) 51.5 % 48.9 % 51.5 % 48.9 % Weighted average common shares outstanding: Basic 97.4 101.6 97.9 102.2 Diluted 98.8 103.4 99.4 104.0 Second quarter 2025 GAAP results included favorable market impacts on the valuation of derivatives and market risk benefits, while the prior year quarter included unfavorable market impacts on the valuation of derivatives and market risk benefits. Ameriprise Financial, Inc. Advice & Wealth Management Segment Adjusted Operating Results Quarter Ended June 30, % Better/ (Worse) (in millions, unaudited) 2025 2024 Adjusted operating net revenues $ 2,807 $ 2,644 6% Distribution expenses 1,546 1,403 (10)% Interest and debt expense 14 10 (40)% General and administrative expenses 435 409 (6)% Adjusted operating expenses 1,995 1,822 (9)% Pretax adjusted operating earnings $ 812 $ 822 (1)% Pretax adjusted operating margin 28.9 % 31.1 % (220) bps Quarter Ended June 30, % Better/ (Worse) (in billions, unless otherwise noted) 2025 2024 Total client assets $ 1,084 $ 972 11% Total client net flows $ 4.3 $ 6.6 (35)% Wrap net flows $ 5.4 $ 7.5 (28)% AWM cash balances $ 38.0 $ 40.6 (7)% Adjusted operating net revenue per advisor (TTM in thousands) $ 1,070 $ 968 11% Advice & Wealth Management generated pretax adjusted operating earnings of $812 million with a margin of 29 percent. Results reflected the impact from market volatility on fee-based earnings within the quarter, as well as lower interest revenue from the 100 basis point reduction in the federal funds effective rate in late 2024. The equity market recovery in June positions us well as we enter the third quarter. Adjusted operating net revenues increased 6 percent to $2.8 billion from higher client assets, even with the impact from lower average equity markets within the quarter and the 100 basis point reduction in the federal funds effective rate. Adjusted operating expenses increased 9 percent to $2.0 billion primarily driven by the consistent growth in advisor productivity. General and administrative expenses were $435 million reflecting strong expense discipline, as well as continued investments in growth initiatives and volume-related expenses due to business growth. For the full year, we expect general and administrative expenses to increase in the low- to mid-single-digit range. Advice & Wealth Management metrics were impacted by elevated market volatility driven by global trade policy uncertainty, as well as normal seasonal tax payment trends. Clients and advisors remained focused on positioning portfolios to meet long term financial planning goals. Total client assets grew 11 percent to a record high of $1.1 trillion, with client flows of $4.3 billion. Wrap assets increased 15 percent to a record high of $615 billion. Wrap flows were $5.4 billion, representing a 4 percent annualized flow rate. In addition, we experienced a good initial response to the launch of our new Ameriprise Signature Wealth Program. Transactional activity remained consistent with the prior year. Cash sweep balances were in line with expectations at $27.4 billion compared to $28.6 billion in the prior quarter, reflecting normal seasonal tax payments. Bank assets grew 6 percent to $24 billion, providing sustainable net investment income in this forecasted lower rate environment. Adjusted operating net revenue per advisor on a trailing 12-month basis reached a new high of $1.1 million, up 11 percent from enhanced productivity, business growth and market appreciation. The company added 73 experienced advisors in the quarter. Ameriprise Financial, Inc. Asset Management Segment Adjusted Operating Results Quarter Ended June 30, % Better/ (Worse) (in millions, unaudited) 2025 2024 Adjusted operating net revenues $ 830 $ 848 (2)% Distribution expenses 240 244 2% Amortization of deferred acquisition costs 1 1 —% Interest and debt expense 3 1 NM General and administrative expenses 364 384 5% Adjusted operating expenses 608 630 3% Pretax adjusted operating earnings $ 222 $ 218 2% Net pretax adjusted operating margin (1) 39.0 % 37.6 % Quarter Ended June 30, % Better/ (Worse) (in billions) 2025 2024 Assets Under Management and Advisement (2) $ 690 $ 674 2% Net Flows Global Retail net AUM flows, ex. legacy insurance partners $ (3.5 ) $ (3.2 ) (9)% Model delivery AUA flows (2) 0.4 0.9 (56)% Total retail net AUM flows and model delivery AUA flows (2) (3.1 ) (2.3 ) (35)% Global Institutional net AUM flows, ex. legacy insurance partners (4.8 ) 0.3 NM Legacy insurance partners AUM flows (0.8 ) (9.1 ) 91% Total Net AUM and AUA flows (2) $ (8.7 ) $ (11.1 ) 21% (1) See reconciliation on page 13. (2) Model Delivery Assets Under Advisement are presented on a one-quarter lag. Flows are estimated based on the period-to-period change in assets less calculated performance based on strategy returns. NM Not Meaningful - variance equal to or greater than 100% Asset Management adjusted operating net revenues were $830 million. Pretax adjusted operating earnings increased 2 percent to $222 million, reflecting equity market appreciation and the positive impact from expense management actions, partially offset by net outflows. Results in the current quarter absorbed the impact of 2 percent lower average equity markets sequentially. Net pretax adjusted operating margin improved 140 basis points to 39 percent. The underlying fee rate remained stable. Adjusted operating expenses improved 3 percent. General and administrative expenses improved 5 percent from a year ago, reflecting benefits from ongoing initiatives to drive additional operational transformation across our global footprint. Assets under management and advisement increased to $690 billion, up 2 percent year-over-year and 5 percent sequentially. Net outflows were $8.7 billion in the quarter. Retail and model delivery net outflows were $3.1 billion, primarily reflecting higher redemptions due to market volatility. Institutional net outflows were $4.8 billion, which included $1.6 billion related to the exit of Lionstone. Outflows related to legacy insurance partners were $0.8 billion. Ameriprise Financial, Inc. Retirement & Protection Solutions Segment Adjusted Operating Results Quarter Ended June 30, % Better/ (Worse) (in millions, unaudited) 2025 2024 Adjusted operating net revenues $ 936 $ 928 1% Adjusted operating expenses 722 732 1% Pretax adjusted operating earnings $ 214 $ 196 9% Retirement & Protection Solutions pretax adjusted operating earnings increased 9 percent to $214 million. The strong and consistent results reflect the benefit from favorable life claims, stronger interest earnings and higher equity markets. Retirement & Protection Solutions sales improved sequentially to $1.4 billion, with continued strong client demand for structured variable annuities. These high-quality books of business continued to generate strong free cash flow with excellent risk-adjusted returns and continued to be an important contributor to our diversified business model. Ameriprise Financial, Inc. Corporate & Other Segment Adjusted Operating Results Quarter Ended June 30, % Better/ (Worse) (in millions, unaudited) 2025 2024 Corporate & Other $ (100 ) $ (123 ) 19% Closed Blocks (1) 1 4 (75)% Pretax adjusted operating earnings/(loss) $ (99 ) $ (119 ) 17% Long Term Care $ 7 $ 12 (42)% Fixed Annuities (6 ) (8 ) 25% Pretax adjusted operating earnings/(loss) $ 1 $ 4 (75)% (1) Long Term Care and Fixed Annuities. Corporate & Other, excluding Closed Blocks, pretax adjusted operating loss was $100 million. Underlying pretax adjusted operating loss was relatively flat in the $85 to $90 million range, excluding severance and severance programs, the acceleration of the firm's transition to cloud-based technology platforms and mark-to-market impacts on share-based compensation in both periods. Long Term Care pretax adjusted operating earnings were $7 million, a continuation of a solid performance trend. Fixed Annuities pretax adjusted operating loss was in line with expectations at $6 million. Taxes The operating effective tax rate was 21.7 percent. The operating effective tax rate is expected to be 20 to 22 percent for full year 2025. About Ameriprise Financial At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. Ameriprise Financial Services, LLC 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, Columbia Threadneedle Asset Managers Limited, Columbia Threadneedle (EM) Investments Limited, and Pyrford International Ltd, are SEC- and FCA-registered investment adviser affiliates of Columbia Management Investment Advisers, LLC based in the U.K. 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 part of Ameriprise Financial, Inc. CA License #0684538. RiverSource Distributors, Inc. (Distributor), Member FINRA. Non-GAAP Financial Measures The company believes the presentation of adjusted operating measures and other non-GAAP financial measures, and the corresponding ratios, best represents the underlying performance of our core operations and facilitates a more meaningful trend analysis without the distortion of various adjustment items. Management uses non-GAAP financial measures to evaluate our financial performance on a basis comparable to that used by some securities analysts and investors and to provide a valuable perspective for investors. These non-GAAP financial measures are taken into consideration, to varying degrees, for purposes of business planning and analysis and for certain compensation-related matters. Non-GAAP financial measures are intended to supplement investors' understanding of our performance and should not be considered alternatives for financial measures presented in accordance with GAAP. These measures are discussed in more detail below and may not be comparable to other companies' similarly titled non-GAAP financial measures. Non-GAAP financial measure reconciliations can be found on the subsequent pages. 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: 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, general and administrative costs, net pretax adjusted operating margin, 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 forecasts or variations, and the economic performance of the United States and of global markets; statements estimating the financial impacts and future profitability arising from the company's initiatives to enhance operational efficiency and effectiveness; statements concerning expected general and administrative expense for Advice & Wealth Management; statements estimating the expected full year 2025 operating effective tax rate; and statements of assumptions underlying such statements. The words "believe," "expect," "anticipate," "optimistic," "intend," "plan," "aim," "will," "may," "should," "could," "would," "likely," "forecast," "on track," "project," "continue," "able to remain", "resume," "deliver," "develop," "evolve," "drive," "enable," "flexibility," "commitment," "scenario," "case," "appear," "expands" 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. 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 cautions readers to carefully consider the risks described in 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, 2024 available at Management undertakes no obligation to update publicly or revise any forward-looking statements. 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 are based upon asset valuations that represent estimates as of the date of this news release and may be revised in the company's Form 10-Q for the period ended June 30, 2025. Ameriprise Financial announces financial and other information to investors through the company's investor relations website at 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. Other Kiplinger: Ameriprise did not pay a fee to be evaluated for this list but did pay a fee to cite the results. Kiplinger readers were invited to take the 2025 Readers' Choice Awards survey on from Feb. 20-March 21, 2025. Within the wealth management services category, respondents selected the wealth management provider they used most frequently and rated that provider on a ten-point scale in four criteria: likelihood to recommend to others, overall satisfaction, trustworthiness of the firm's advisers and quality of financial advice. Kiplinger awarded multiple providers with the highest-scoring providers in each criterion with an "outstanding" designation. Award is not indicative of future performance or representative of any one client's experience. For more information, visit From Kiplinger's Personal Finance. ©2025 The Kiplinger Washington Editors. All rights reserved. Used under license. Fortune: Fortune partnered with Statista to recognize America's Most Innovative Companies 2025 — the top 300 U.S. companies based on analysis of product innovation, process innovation and innovation culture. Statista surveyed over 40,000 U.S. employees and 2,500 experts in various fields, evaluated patent data, and gathered input from an innovation expert advisory board. Surveys were conducted in Q4 2024. Ameriprise did not pay a fee to be evaluated, but did pay a fee to publicly cite the results. Find more information at Ameriprise Financial, Inc. Consolidated GAAP Results (in millions, except per share amounts, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Revenues Management and financial advice fees $ 2,600 $ 2,456 6% $ 2,602 —% Distribution fees 502 505 (1)% 522 (4)% Net investment income 891 921 (3)% 868 3% Premiums, policy and contract charges 361 381 (5)% 360 —% Other revenues 136 129 5% 129 5% Total revenues 4,490 4,392 2% 4,481 —% Banking and deposit interest expense 115 172 33% 127 9% Total net revenues 4,375 4,220 4% 4,354 —% Expenses Distribution expenses 1,596 1,450 (10)% 1,612 1% Interest credited to fixed accounts 95 185 49% 130 27% Benefits, claims, losses and settlement expenses 257 331 22% 381 33% Remeasurement (gains) losses of future policy benefit reserves (3 ) (8 ) (63)% (10 ) (70)% Change in fair value of market risk benefits (10 ) 110 NM 497 NM Amortization of deferred acquisition costs 60 61 2% 61 2% Interest and debt expense 82 83 1% 80 (3)% General and administrative expense 947 957 1% 916 (3)% Total expenses 3,024 3,169 5% 3,667 18% Pretax income 1,351 1,051 29% 687 97% Income tax provision 291 222 31% 104 NM Net income $ 1,060 $ 829 28% $ 583 82% Earnings per share Basic earnings per share $ 10.88 $ 8.16 $ 5.92 Earnings per diluted share $ 10.73 $ 8.02 $ 5.83 Weighted average common shares outstanding Basic 97.4 101.6 98.5 Diluted 98.8 103.4 100.0 NM Not Meaningful - variance equal to or greater than 100% Ameriprise Financial, Inc. Consolidated Highlights and Capital Summary (in millions unless otherwise noted, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Assets Under Management, Administration and Advisement Advice & Wealth Management AUM $ 611,333 $ 531,268 15% $ 569,137 7% Asset Management AUM 654,224 641,880 2% 621,378 5% Corporate AUM 653 490 33% 595 10% Eliminations (46,255 ) (44,136 ) (5)% (44,170 ) (5)% Assets Under Management 1,219,955 1,129,502 8% 1,146,940 6% Assets Under Administration 331,045 298,468 11% 314,055 5% Assets Under Advisement (net of eliminations) (1) 33,767 30,965 9% 33,665 —% Total Assets Under Management, Administration and Advisement $ 1,584,767 $ 1,458,935 9% $ 1,494,660 6% S&P 500 Daily average 5,728 5,253 9% 5,899 (3)% Period end 6,205 5,460 14% 5,612 11% Weighted Equity Index (WEI) (2) Daily average 3,638 3,358 8% 3,713 (2)% Period end 3,921 3,456 13% 3,554 10% Common shares Beginning balance 95.5 99.6 (4)% 96.2 (1)% Repurchases (1.1 ) (1.3 ) 15% (1.2 ) 8% Issuances — 0.1 NM 0.8 NM Other — — —% (0.3 ) NM Total common shares outstanding 94.4 98.4 (4)% 95.5 (1)% Restricted stock units 2.4 2.6 (8)% 2.4 —% Total basic common shares outstanding 96.8 101.0 (4)% 97.9 (1)% Total potentially dilutive shares 1.5 1.8 (17)% 1.5 —% Total diluted shares 98.3 102.8 (4)% 99.4 (1)% Capital Returned to Shareholders Dividends paid $ 158 $ 151 5% $ 148 7% Common stock share repurchases 573 542 6% 617 (7)% Total Capital Returned to Shareholders $ 731 $ 693 5% $ 765 (4)% (1) Assets reported on a one quarter lag (2) 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. NM Not Meaningful - variance equal to or greater than 100% Ameriprise Financial, Inc. Advice & Wealth Management Segment Adjusted Operating Results (in millions, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Revenues Management and financial advice fees: Advisory fees $ 1,517 $ 1,361 11% $ 1,515 —% Financial planning fees 120 110 9% 110 9% Transaction and other fees 100 100 —% 94 6% Total management and financial advice fees 1,737 1,571 11% 1,719 1% Distribution fees: Mutual funds 212 199 7% 214 (1)% Insurance and annuity 258 260 (1)% 243 6% Off-Balance sheet brokerage cash 25 40 (38)% 36 (31)% Other products 108 109 (1)% 120 (10)% Total distribution fees 603 608 (1)% 613 (2)% Net investment income 496 560 (11)% 500 (1)% Other revenues 86 77 12% 77 12% Total revenues 2,922 2,816 4% 2,909 —% Banking and deposit interest expense 115 172 33% 127 9% Adjusted operating total net revenues 2,807 2,644 6% 2,782 1% Expenses Distribution expenses 1,546 1,403 (10)% 1,554 1% Interest and debt expense 14 10 (40)% 12 (17)% General and administrative expense 435 409 (6)% 424 (3)% Adjusted operating expenses 1,995 1,822 (9)% 1,990 —% Pretax adjusted operating earnings $ 812 $ 822 (1)% $ 792 3% Pretax adjusted operating margin 28.9 % 31.1 % 28.5 % Ameriprise Financial, Inc. Advice & Wealth Management Segment Operating Metrics (in millions unless otherwise noted, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) AWM Total Client Assets $ 1,083,821 $ 972,135 11% $ 1,022,520 6% Total Client Flows $ 4,281 $ 6,604 (35)% $ 10,275 (58)% Total Wrap Accounts Beginning assets $ 572,771 $ 521,722 10% $ 573,881 —% Net flows 5,378 7,521 (28)% 8,724 (38)% Market appreciation (depreciation) and other 37,040 5,747 NM (9,834 ) NM Total wrap ending assets $ 615,189 $ 534,990 15% $ 572,771 7% Advisory wrap account assets ending balance (1) $ 609,486 $ 529,642 15% $ 567,371 7% AWM Cash Balances On-balance sheet (Net Investment Income) On-balance sheet - bank 22,497 21,466 5% 22,669 (1)% On-balance sheet - certificate 9,892 12,526 (21)% 10,685 (7)% On-balance sheet - broker dealer $ 2,187 $ 2,279 (4)% $ 2,308 (5)% Total on-balance sheet $ 34,576 $ 36,271 (5)% $ 35,662 (3)% Off-balance sheet (Distribution Fees) Off-balance sheet - broker dealer $ 3,396 $ 4,359 (22)% $ 4,344 (22)% Total AWM Cash Balances $ 37,972 $ 40,630 (7)% $ 40,006 (5)% Bank - Net Investment Income Average interest-bearing assets $ 24,194 $ 23,155 4% $ 24,176 —% Gross fee yield (2) 4.73 % 4.94 % 4.68 % Certificates - Net Investment Income Average interest-bearing assets $ 11,009 $ 13,782 (20)% $ 11,746 (6)% Gross fee yield (2) 5.02 % 5.61 % 5.11 % Other - Net Investment Income Average interest-bearing assets $ 4,863 $ 5,195 (6)% $ 5,205 (7)% Gross fee yield (2) 6.06 % 6.43 % 5.82 % Off-balance sheet - broker dealer - Distribution Fees Average balances $ 3,752 $ 5,084 (26)% $ 5,151 (27)% Net fee yield 2.72 % 3.19 % 2.81 % (1) 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. (2) Gross fee yield is calculated using amortized cost of investments. Prior to Q1 2025, it was calculated using fair value of investments. Prior periods have been restated to conform with current presentation. NM Not Meaningful - variance equal to or greater than 100% Ameriprise Financial, Inc. Asset Management Segment Adjusted Operating Results (in millions, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Revenues Management and financial advice fees: Asset management fees: Retail $ 515 $ 522 (1)% $ 530 (3)% Institutional 131 140 (6)% 134 (2)% Model delivery (1) 23 21 10% 22 5% Transaction and other fees 50 52 (4)% 50 —% Revenue from other sources (2) 2 3 (33)% 4 (50)% Total management and financial advice fees 721 738 (2)% 740 (3)% Distribution fees: Mutual funds 53 56 (5)% 55 (4)% Insurance and annuity 38 40 (5)% 39 (3)% Total distribution fees 91 96 (5)% 94 (3)% Net investment income 14 12 17% 5 NM Other revenues 4 2 NM 7 (43)% Total revenues 830 848 (2)% 846 (2)% Banking and deposit interest expense — — —% — —% Adjusted operating total net revenues 830 848 (2)% 846 (2)% Expenses Distribution expenses 240 244 2% 246 2% Amortization of deferred acquisition costs 1 1 —% 2 50% Interest and debt expense 3 1 NM 3 —% General and administrative expense 364 384 5% 354 (3)% Adjusted operating expenses 608 630 3% 605 —% Pretax adjusted operating earnings $ 222 $ 218 2% $ 241 (8)% Net Pretax Adjusted Operating Margin Reconciliation Adjusted operating total net revenues $ 830 $ 848 (2)% $ 846 (2)% Distribution pass through revenues (190 ) (192 ) 1% (195 ) 3% Subadvisory and other pass through revenues (99 ) (98 ) (1)% (91 ) (9)% Net adjusted operating revenues 541 558 (3)% 560 (3)% Pretax adjusted operating earnings $ 222 $ 218 2% $ 241 (8)% Adjusted operating net investment income (14 ) (12 ) (17)% (5 ) NM Amortization of intangibles 3 4 (25)% 3 —% Net adjusted operating earnings $ 211 $ 210 —% $ 239 (12)% Pretax adjusted operating margin 26.7 % 25.7 % 28.5 % Net pretax adjusted operating margin (3) 39.0 % 37.6 % 42.7 % Total Performance fees (4) Performance fees $ 2 $ 2 —% $ 1 NM General and administrative expense related to performance fees 1 1 —% — —% Net performance fees $ 1 $ 1 —% $ 1 —% (1) Prior period amounts have been reclassified from Institutional to conform to current year presentation. (2) Includes revenue from separate accounts that qualify as investment contracts under insurance accounting standards. (3) Calculated as net adjusted operating earnings as a percentage of net adjusted operating revenues. (4) Performance fees do not include CLO incentive fees. NM Not Meaningful - variance equal to or greater than 100% Ameriprise Financial, Inc. Asset Management Segment Operating Metrics (in millions, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Managed Assets Rollforward Global Retail Funds Beginning assets $ 340,353 $ 349,567 (3)% $ 352,737 (4)% Inflows 13,768 12,536 10% 14,966 (8)% Outflows (18,152 ) (18,658 ) 3% (20,079 ) 10% Net VP/VIT fund flows (1,567 ) (1,607 ) 2% (1,646 ) 5% Net new flows (5,951 ) (7,729 ) 23% (6,759 ) 12% Reinvested dividends 2,290 1,758 30% 958 NM Net flows (3,661 ) (5,971 ) 39% (5,801 ) 37% Distributions (2,525 ) (2,099 ) (20)% (1,021 ) NM Market appreciation (depreciation) and other 23,343 5,889 NM (7,837 ) NM Foreign currency translation (1) 4,186 74 NM 2,275 84% Total ending assets 361,696 347,460 4% 340,353 6% % of total retail assets sub-advised 14.3 % 16.0 % 15.7 % Global Institutional Beginning assets 281,025 302,510 (7)% 292,176 (4)% Inflows (2) 10,103 10,273 (2)% 9,588 5% Outflows (2) (15,621 ) (16,360 ) 5% (22,002 ) 29% Net flows (5,518 ) (6,087 ) 9% (12,414 ) 56% Market appreciation (depreciation) and other (3) 8,800 (2,117 ) NM (3,034 ) NM Foreign currency translation (1) 8,221 114 NM 4,297 91% Total ending assets 292,528 294,420 (1)% 281,025 4% Total managed assets $ 654,224 $ 641,880 2% $ 621,378 5% Total Assets Under Advisement (4) 35,499 31,980 11% 35,320 NM Total Assets Under Management & Advisement $ 689,723 $ 673,860 2% $ 656,698 5% Total AUM net flows $ (9,179 ) $ (12,058 ) 24% $ (18,215 ) 50% Model delivery AUA flows (5) 422 923 (54)% (35 ) NM Total AUM and AUA Flows (5) $ (8,757 ) $ (11,135 ) 21% $ (18,250 ) 52% Legacy insurance partners flows $ (850 ) $ (9,104 ) 91% $ (978 ) 13% (1) Amounts represent local currency to US dollar translation for reporting purposes. (2) Global Institutional inflows and outflows include net flows from our RiverSource Structured Annuity product and Ameriprise Bank, FSB. (3) Included in Market appreciation (depreciation) and other for Global Institutional is the change in affiliated general account balance excluding net flows related to our Structured Annuity product and Ameriprise Bank, FSB. (4) Assets are presented on a one-quarter lag. (5) AUA flows are estimated flows based on the period-to-period change in assets less calculated performance based on strategy returns on a one-quarter lag. NM Not Meaningful - variance equal to or greater than 100% Ameriprise Financial, Inc. Asset Management Segment Operating Metrics (in millions, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Total Managed Assets by Type Equity $ 351,184 $ 340,206 3% $ 325,225 8% Fixed income 232,840 226,655 3% 228,854 2% Money market 22,309 22,759 (2)% 20,300 10% Alternative 28,525 33,187 (14)% 27,845 2% Hybrid and other 19,366 19,073 2% 19,154 1% Total managed assets by type $ 654,224 $ 641,880 2% $ 621,378 5% Average Managed Assets by Type (1) Equity $ 334,024 $ 336,469 (1)% $ 340,514 (2)% Fixed income 230,335 228,662 1% 231,937 (1)% Money market 21,463 22,540 (5)% 19,683 9% Alternative 28,054 33,014 (15)% 30,173 (7)% Hybrid and other 18,914 18,759 1% 19,545 (3)% Total average managed assets by type $ 632,790 $ 639,444 (1)% $ 641,852 (1)% (1) Average ending balances are calculated using the average of the prior period's ending balance and all months in the current period. Ameriprise Financial, Inc. Asset Management Segment Performance Metrics 2 Qtr 2025 Retail Fund Rankings in Top 2 Quartiles or Above Index Benchmark - Asset Weighted 1 year 3 year 5 year 10 year Equity 44% 59% 72% 82% Fixed Income 83% 83% 79% 87% Asset Allocation 51% 81% 65% 89% 4- or 5-star Morningstar rated funds Overall 3 year 5 year 10 year Number of Rated Funds 99 73 76 84 Retail Fund performance rankings for each fund are measured on a consistent basis against the most appropriate peer group or index. Peer groupings of Columbia funds are defined by Lipper category and are based on the Primary Share Class (i.e., Institutional if available, otherwise Institutional 3 share class), net of fees. Peer groupings of Threadneedle are defined by either IA or Morningstar index and are based on Primary Share Class. Comparisons to Index are measured Gross of Fees. To calculate asset weighted performance, the sum of the total assets of the funds with above median ranking are divided by total assets of all funds. Funds with more assets will receive a greater share of the total percentage above or below median. Aggregated Asset Allocation Funds may include funds that invest in other Columbia or Threadneedle branded mutual funds included in both equity and fixed income. Morningstar as of 06/30/25. Columbia funds are available for purchase by U.S. customers. Out of 89 Columbia funds rated (based on primary share class), 39 received a 4-star Overall Rating. Out of 136 Threadneedle funds rated (based on highest-rated share class), 17 received a 5-star Overall Rating and 43 received a 4-star Overall Rating. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. Not all funds are available in all jurisdictions, to all investors or through all firms © 2025 Morningstar. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ameriprise Financial, Inc. Retirement & Protection Solutions Segment Adjusted Operating Results (in millions, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Revenues Management and financial advice fees $ 183 $ 189 (3)% $ 185 (1)% Distribution fees 101 104 (3)% 102 (1)% Net investment income 309 266 16% 296 4% Premiums, policy and contract charges 342 367 (7)% 341 —% Other revenues 1 2 (50)% 2 (50)% Total revenues 936 928 1% 926 1% Banking and deposit interest expense — — —% — —% Adjusted operating total net revenues 936 928 1% 926 1% Expenses Distribution expenses 126 129 2% 123 (2)% Interest credited to fixed accounts 93 93 —% 92 (1)% Benefits, claims, losses and settlement expenses 209 226 8% 211 1% Remeasurement (gains) losses of future policy benefit reserves (7 ) (5 ) 40% (3 ) NM Change in fair value of market risk benefits 153 142 (8)% 143 (7)% Amortization of deferred acquisition costs 58 57 (2)% 57 (2)% Interest and debt expense 11 12 8% 8 (38)% General and administrative expense 79 78 (1)% 80 1% Adjusted operating expenses 722 732 1% 711 (2)% Pretax adjusted operating earnings $ 214 $ 196 9% $ 215 —% NM Not Meaningful - variance equal to or greater than 100% Ameriprise Financial, Inc. Retirement & Protection Solutions Segment Operating Metrics (in millions, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Variable Annuities Rollforwards Beginning balance $ 83,509 $ 84,042 (1)% $ 85,747 (3)% Deposits 1,243 1,364 (9)% 1,064 17% Withdrawals and terminations (2,191 ) (2,127 ) (3)% (2,200 ) —% Net flows (948 ) (763 ) (24)% (1,136 ) 17% Investment performance and interest credited 5,279 1,255 NM (1,102 ) NM Total ending balance - contract accumulation values $ 87,840 $ 84,534 4% $ 83,509 5% Variable annuities fixed sub-accounts $ 3,588 $ 3,935 (9)% $ 3,640 (1)% Life Insurance In Force $ 197,825 $ 198,340 —% $ 197,512 —% Net Amount at Risk (Life) $ 37,749 $ 38,203 (1)% $ 38,236 (1)% Net Policyholder Reserves VUL/UL $ 16,553 $ 15,475 7% $ 15,725 5% Term and whole life 168 174 (3)% 170 (1)% Disability insurance 464 505 (8)% 470 (1)% Other insurance 491 524 (6)% 498 (1)% Total net policyholder reserves $ 17,676 $ 16,678 6% $ 16,863 5% DAC Ending Balances Variable Annuities DAC $ 1,656 $ 1,692 (2)% $ 1,665 (1)% Life and Health DAC $ 949 $ 956 (1)% $ 952 —% NM Not Meaningful - variance equal to or greater than 100% Ameriprise Financial, Inc. Corporate Segment Adjusted Operating Results (in millions, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Corporate Excluding Long Term Care and Fixed Annuities Adjusted Operating Income Statements Revenues Management and financial advice fees $ — $ — —% $ — —% Distribution fees — — —% — —% Net investment income 3 (9 ) NM (7 ) NM Premiums, policy and contract charges — — —% — —% Other revenues 2 3 (33)% 2 —% Total revenues 5 (6 ) NM (5 ) NM Banking and deposit interest expense 8 7 (14)% 8 —% Adjusted operating total net revenues (3 ) (13 ) 77% (13 ) 77% Expenses Distribution expenses — — —% — —% Interest credited to fixed accounts — — —% — —% Benefits, claims, losses and settlement expenses — — —% — —% Remeasurement (gains) losses of future policy benefit reserves — — —% — —% Change in fair value of market risk benefits — — —% — —% Amortization of deferred acquisition costs — — —% — —% Interest and debt expense 23 24 4% 26 12% General and administrative expense 74 86 14% 64 (16)% Adjusted operating expenses 97 110 12% 90 (8)% Pretax adjusted operating earnings (loss) $ (100 ) $ (123 ) 19% $ (103 ) 3% NM Not Meaningful - variance equal to or greater than 100% Ameriprise Financial, Inc. Corporate Segment Adjusted Operating Results and Metrics (in millions, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Long Term Care Adjusted Operating Income Statements Revenues Management and financial advice fees $ — $ — —% $ — —% Distribution fees — — —% — —% Net investment income 45 48 (6)% 46 (2)% Premiums, policy and contract charges 22 22 —% 22 —% Other revenues — — —% — —% Total revenues 67 70 (4)% 68 (1)% Banking and deposit interest expense — — —% — —% Adjusted operating total net revenues 67 70 (4)% 68 (1)% Expenses Distribution expenses (4 ) (2 ) NM (2 ) NM Interest credited to fixed accounts — — —% — —% Benefits, claims, losses and settlement expenses 52 56 7% 55 5% Remeasurement (gains) losses of future policy benefit reserves 4 (3 ) NM (7 ) NM Change in fair value of market risk benefits — — —% — —% Amortization of deferred acquisition costs — — —% — —% Interest and debt expense 2 1 NM 2 —% General and administrative expense 6 6 —% 6 —% Adjusted operating expenses 60 58 (3)% 54 (11)% Pretax adjusted operating earnings (loss) $ 7 $ 12 (42)% $ 14 (50)% Long Term Care Policyholder Reserves, net of reinsurance $ 2,574 $ 2,557 1% $ 2,561 1% NM Not Meaningful - variance equal to or greater than 100% Ameriprise Financial, Inc. Corporate Segment Adjusted Operating Results (in millions, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Fixed Annuities Adjusted Operating Income Statements Revenues Management and financial advice fees $ — $ — —% $ — —% Distribution fees — — —% — —% Net investment income 8 8 —% 8 —% Premiums, policy and contract charges 1 1 —% — —% Other revenues 43 45 (4)% 41 5% Total revenues 52 54 (4)% 49 6% Banking and deposit interest expense — — —% — —% Adjusted operating total net revenues 52 54 (4)% 49 6% Expenses Distribution expenses 1 — —% — —% Interest credited to fixed accounts 51 54 6% 51 —% Benefits, claims, losses and settlement expenses 1 1 —% 1 —% Remeasurement (gains) losses of future policy benefit reserves — — —% — —% Change in fair value of market risk benefits — — —% — —% Amortization of deferred acquisition costs 1 3 67% 2 50% Interest and debt expense 1 1 —% — —% General and administrative expense 3 3 —% 3 —% Adjusted operating expenses 58 62 6% 57 (2)% Pretax adjusted operating earnings (loss) $ (6 ) $ (8 ) 25% $ (8 ) 25% Ameriprise Financial, Inc. Eliminations (1) Adjusted Operating Results (in millions, unaudited) 2 Qtr 2025 2 Qtr 2024 % Better/ (Worse) 1 Qtr 2025 % Better/ (Worse) Revenues Management and financial advice fees $ (39 ) $ (41 ) 5% $ (40 ) 3% Distribution fees (293 ) (303 ) 3% (287 ) (2)% Net investment income (21 ) (15 ) (40)% (22 ) 5% Premiums, policy and contract charges (9 ) (8 ) (13)% (8 ) (13)% Other revenues — — —% — —% Total revenues (362 ) (367 ) 1% (357 ) (1)% Banking and deposit interest expense (8 ) (7 ) 14% (8 ) —% Adjusted operating total net revenues (354 ) (360 ) 2% (349 ) (1)% Expenses Distribution expenses (312 ) (324 ) (4)% (310 ) 1% Interest credited to fixed accounts — — —% — —% Benefits, claims, losses and settlement expenses (2 ) (5 ) (60)% (10 ) (80)% Remeasurement (gains) losses of future policy benefit reserves — — —% — —% Change in fair value of market risk benefits — — —% — —% Amortization of deferred acquisition costs — — —% — —% Interest and debt expense (14 ) (9 ) 56% (13 ) 8% General and administrative expense (26 ) (22 ) 18% (16 ) 63% Adjusted operating expenses (354 ) (360 ) (2)% (349 ) 1% Pretax adjusted operating earnings (loss) $ — $ — —% $ — —% (1) The majority of the amounts represent the impact of inter-segment transfer pricing for both revenues and expenses. Ameriprise Financial, Inc. Capital Information (in millions, unaudited) June 30, 2025 June 30, 2024 March 31, 2025 Long-term Debt Summary Senior notes $ 3,100 $ 3,400 $ 3,600 Finance lease liabilities 4 15 6 Other (1) (25 ) (19 ) (25 ) Total Ameriprise Financial long-term debt 3,079 3,396 3,581 Non-recourse debt of consolidated investment entities 2,726 2,386 2,395 Total long-term debt $ 5,805 $ 5,782 $ 5,976 Total Ameriprise Financial long-term debt $ 3,079 $ 3,396 $ 3,581 Finance lease liabilities (4 ) (15 ) (6 ) Other (1) 25 19 25 Total Ameriprise Financial long-term debt excluding finance lease liabilities and other $ 3,100 $ 3,400 $ 3,600 Total equity (2) $ 6,082 $ 4,993 $ 5,426 Equity of consolidated investment entities (1 ) (1 ) — Total equity excluding CIEs $ 6,081 $ 4,992 $ 5,426 Total Ameriprise Financial capital $ 9,161 $ 8,389 $ 9,007 Total Ameriprise Financial capital excluding finance lease liabilities, other and equity of CIEs $ 9,181 $ 8,392 $ 9,026 Debt to capital Total Ameriprise Financial long-term debt to total Ameriprise Financial capital 33.6 % 40.5 % 39.8 % Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding finance lease liabilities, other and equity of CIEs (2) 33.8 % 40.5 % 39.9 % (1) Includes adjustments for net unamortized discounts, debt issuance costs and other lease obligations. (2) Includes accumulated other comprehensive income, net of tax. Ameriprise Financial, Inc. Consolidated Balance Sheets (in millions, unaudited) June 30, 2025 December 31, 2024 Assets Cash and cash equivalents $ 7,962 $ 8,149 Cash of consolidated investment entities 419 373 Investments 57,624 56,423 Investments of consolidated investment entities 2,590 2,387 Market risk benefits 2,095 2,182 Separate account assets 78,849 78,114 Receivables 14,683 14,472 Receivables of consolidated investment entities 24 31 Deferred acquisition costs 2,647 2,677 Restricted and segregated cash and investments 1,229 1,444 Other assets 16,781 15,149 Other assets of consolidated investment entities — 2 Total Assets $ 184,903 $ 181,403 Liabilities Policyholder account balances, future policy benefits and claims $ 43,794 $ 41,873 Market risk benefits 1,326 1,263 Separate account liabilities 78,849 78,114 Customer deposits 34,554 35,826 Short-term borrowings 201 201 Long-term debt 3,079 2,842 Debt of consolidated investment entities 2,726 2,429 Accounts payable and accrued expenses 2,451 2,704 Other liabilities 11,591 10,609 Other liabilities of consolidated investment entities 250 314 Total Liabilities 178,821 176,175 Equity Ameriprise Financial Common shares ($.01 par) 3 3 Additional paid-in capital 10,251 10,141 Retained earnings 26,050 24,713 Treasury stock (28,986 ) (27,721 ) Accumulated other comprehensive income, net of tax (1,236 ) (1,908 ) Total Equity 6,082 5,228 Total Liabilities and Equity $ 184,903 $ 181,403 Ameriprise Financial, Inc. Reconciliation Table: Earnings Quarter Ended June 30, % Better/ (Worse) Per Diluted Share Quarter Ended June 30, % Better/ (Worse) (in millions, except per share amounts, unaudited) 2025 2024 2025 2024 Net income $ 1,060 $ 829 28% $ 10.73 $ 8.02 34% Adjustments: Net realized investment gains (losses) (1) (18 ) (3 ) (0.18 ) (0.03 ) Market impact on non-traditional long-duration products (1) 219 (60 ) 2.22 (0.58 ) Mean reversion-related impacts (1) 1 — 0.01 — Net income (loss) attributable to consolidated investment entities — (3 ) — (0.03 ) Tax effect of adjustments (2) (42 ) 13 (0.43 ) 0.13 Adjusted operating earnings $ 900 $ 882 2% $ 9.11 $ 8.53 7% Weighted average common shares outstanding: Basic 97.4 101.6 Diluted 98.8 103.4 (1) Pretax adjusted operating adjustment. (2) Calculated using the statutory tax rate of 21%. Ameriprise Financial, Inc. Reconciliation Table: Earnings Year-to-date June 30, % Better/ (Worse) Per Diluted Share Year-to-date June 30, % Better/ (Worse) (in millions, except per share amounts, unaudited) 2025 2024 2025 2024 Net income $ 1,643 $ 1,819 (10)% $ 16.53 $ 17.49 (5)% Adjustments: Net realized investment gains (losses) (1) (20 ) (3 ) (0.20 ) (0.03 ) Market impact on non-traditional long-duration products (1) (241 ) 80 (2.42 ) 0.77 Mean reversion-related impacts (1) 1 — 0.01 — Net income (loss) attributable to consolidated investment entities (2 ) (2 ) (0.02 ) (0.02 ) Tax effect of adjustments (2) 55 (16 ) 0.55 (0.15 ) Adjusted operating earnings $ 1,850 $ 1,760 5% $ 18.61 $ 16.92 10% Weighted average common shares outstanding: Basic 97.9 102.2 Diluted 99.4 104.0 (1) Pretax adjusted operating adjustment. (2) Calculated using the statutory tax rate of 21%. Ameriprise Financial, Inc. Reconciliation Table: Pretax Adjusted Operating Earnings Quarter Ended June 30, (in millions, unaudited) 2025 2024 Total net revenues $ 4,375 $ 4,220 Adjustments: Net realized investment gains (losses) (18 ) (3 ) Market impact on non-traditional long-duration products 4 (1 ) Mean Reversion related impacts 1 — CIEs revenue 53 53 Adjusted operating total net revenues $ 4,335 $ 4,171 Total expenses $ 3,024 $ 3,169 Adjustments: CIEs expenses 53 56 Market impact on non-traditional long-duration products (215 ) 59 Adjusted operating expenses $ 3,186 $ 3,054 Pretax income $ 1,351 $ 1,051 Pretax adjusted operating earnings $ 1,149 $ 1,117 Pretax income margin 30.9 % 24.9 % Pretax adjusted operating margin 26.5 % 26.8 % Ameriprise Financial, Inc. Reconciliation Table: Effective Tax Rate Quarter Ended June 30, 2024 (in millions, unaudited) GAAP Adjusted Operating Pretax income $ 1,051 $ 1,117 Income tax provision $ 222 $ 235 Effective tax rate 21.1 % 21.0 % Ameriprise Financial, Inc. Reconciliation Table: Effective Tax Rate Quarter Ended June 30, 2025 (in millions, unaudited) GAAP Adjusted Operating Pretax income $ 1,351 $ 1,149 Income tax provision $ 291 $ 249 Effective tax rate 21.6 % 21.7 % Ameriprise Financial, Inc. Reconciliation Table: Return on Equity (ROE) Excluding Accumulated Other Comprehensive Income "AOCI" Twelve Months Ended June 30, (in millions, unaudited) 2025 2024 Net income $ 3,225 $ 3,068 Less: Adjustments (1) (400 ) (198 ) Adjusted operating earnings $ 3,625 $ 3,266 Total Ameriprise Financial, Inc. shareholders' equity $ 5,489 $ 4,501 Less: Accumulated other comprehensive income, net of tax (1,551 ) (2,176 ) Total Ameriprise Financial, Inc. shareholders' equity excluding AOCI 7,040 6,677 Less: Equity impacts attributable to the consolidated investment entities (2 ) (4 ) Adjusted operating equity $ 7,042 $ 6,681 Return on equity excluding AOCI 45.8 % 45.9 % Adjusted operating return on equity excluding AOCI (2) 51.5 % 48.9 % (1) Adjustments reflect the sum of after-tax net realized investment gains/losses, net of the reinsurance accrual; the market impact on non-traditional long-duration products (including variable and fixed deferred annuity contracts and UL insurance contracts), net of hedges and related reinsurance accrual; mean reversion related impacts; block transfer reinsurance transaction impacts; the market impact of hedges to offset interest rate and currency changes on unrealized gains or losses for certain investments; gain or loss on disposal of a business that is not considered discontinued operations; integration and restructuring charges; income (loss) from discontinued operations; and net income (loss) from consolidated investment entities. After-tax is calculated using the statutory tax rate of 21%. (2) Adjusted operating return on equity, excluding AOCI is calculated using adjusted operating earnings 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 21%. View source version on Contacts Investor Relations: Stephanie M. RabeAmeriprise Financial(612) Media Relations: Paul W. JohnsonAmeriprise Financial(612) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
6 days ago
- Business
- Business Wire
Seven Ameriprise Financial Advisors Named to
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) today announced that seven of the firm's financial advisors were named to Barron's list of the 'Top 100 Women Financial Advisors' in the country. Barron's recognizes the industry's top women advisors based on several factors, including levels of professionalism and success in the business. The rankings are created by data provided by thousands of the nation's most successful women advisors. Ameriprise advisors named to the 2025 Barron's ' Top 100 Women Financial Advisors' list: Susan Kim, Private Wealth Advisor at Kim, Hopkins & Associates in Vienna, Virginia Jennifer Marcontell, Private Wealth Advisor at Marcontell Wealth Management in Mont Belvieu, Texas Charla McIntyre Fields, Private Wealth Advisor at Fields Wealth Management in Hurst, Texas Kim Orth, Private Wealth Advisor at Orth Financial Group in Wilmington, Delaware Gail Reid, Private Wealth Advisor at Castlewatch Wealth in Glendale, California Kim St. Pierre, Private Wealth Advisor at TruSpire Wealth Advisors in Plymouth Meeting, Pennsylvania Michelle Young, Private Wealth Advisor at Confetti Wealth in Edina, Minnesota 'The Ameriprise advisors recognized by Barron's have built incredible practices, and we're proud of all they've accomplished,' said Bill Williams, Executive Vice President and President of the Ameriprise Independent Advisors channel. 'These advisors are continually raising the bar by providing a consistent and exceptional client experience. They're bringing the best of Ameriprise to their clients, leveraging the firm's innovative technology, leading investment capabilities and tailored advice solutions – all backed by the firms differentiated service and operations.' The full list of Barron's ' Top 100 Women Financial Advisors' can be found at Barron' About Ameriprise Financial At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years 1. With extensive investment advice, global asset management capabilities and insurance solutions and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. 1 Company founded June 29, 1894 Barron's generates its rankings from a formulaic analysis of surveys answered by candidates regarding assets, revenue, and quality of practice, including an advisor's regulatory and compliance record. Certain awards include a demographic component to qualify. This award for each applicable year is based on data from the previous two calendar years and is not indicative of this advisor's/team's future performance. Neither Ameriprise Financial nor its advisors pay a fee to Barron's in exchange for the ranking or its use. Barron's is a registered trademark of Dow Jones, L.P.; all rights reserved. Ameriprise Financial Services, LLC is an Equal Opportunity Employer. Ameriprise Financial cannot guarantee future financial results. Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value. Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC. © 2025 Ameriprise Financial, Inc. All rights reserved.
Yahoo
21-07-2025
- Business
- Yahoo
Ameriprise to Report Q2 Earnings: What's in the Cards for AMP?
Ameriprise Financial, Inc. AMP is slated to announce second-quarter 2025 results on July 24, before market open. Its quarterly revenues and earnings are expected to have risen year over the last reported quarter, AMP's earnings beat the Zacks Consensus Estimate. An increase in revenues and higher assets under management (AUM) and assets under administration (AUA) balances acted as tailwinds. On the other hand, a rise in expenses might hurt the results to some extent. Ameriprise has a decent earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once with the average beat being 2.05%. Ameriprise Financial, Inc. Price and EPS Surprise Ameriprise Financial, Inc. price-eps-surprise | Ameriprise Financial, Inc. Quote Q2 Estimates & Key Factors to Note for Ameriprise The Zacks Consensus Estimate for AMP's management and financial advice fees (constituting more than 60% of total net revenues) is pegged at $2.6 billion, suggesting a 6% rise from the prior-year quarter. Our estimate for the same is $2.57 consensus estimate for distribution fees of $522.1 million indicates an increase of 3.4%. Our estimate for the same is $493.7 million. The consensus mark for other revenues of $137.1 million indicates 6.3% growth. Our estimate for the same is pegged at $150.8 million. On the other hand, the consensus estimate for net investment income of $841.2 million suggests a decline of 8.7%. Our estimate for the same is pinned at $899.2 million. The consensus estimate for premiums, policy and contract charges is pegged at $377.2 million, indicating a fall of 1%. Our estimate for the same is pinned at $380.2 inflows despite market turmoil are likely to have driven the company's total AUM and AUA balance. The Zacks Consensus Estimate for total AUM and AUA is pegged at $1.49 trillion, indicating a rise of 4.4% from the year-ago quarter. Our estimate for the metric is $1.48 Ameriprise's initiatives to focus on cost management have led to controlled general and administration expenses, overall costs are anticipated to have been elevated in the to-be-reported quarter due to costs related to technology upgrades and hirings. Our estimate for total adjusted operating expenses is pegged at $3.24 billion, implying a year-over-year rise of 6%. Earnings Whispers for Ameriprise Per our quantitative model, the chances of Ameriprise beating the Zacks Consensus Estimate for earnings this time are low. This is because it doesn't have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or can uncover the best stocks to buy or sell before they're reported with our Earnings ESP ESP: Ameriprise has an Earnings ESP of -0.73%.Zacks Rank: The company currently carries a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Ameriprise's Q2 Earnings & Sales Estimates The Zacks Consensus Estimate for the company's earnings is pegged at $9.00 per share, which indicates a rise of 5.5% from the prior-year quarter. The consensus estimate has been revised marginally upward over the past seven consensus estimate for total sales is pegged at $4.34 billion, which indicates a 4% increase. Ameriprise's Asset Management Peers Worth a Look Here are a couple of peer stocks of Ameriprise that you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat this time: (Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.)Invesco IVZ is scheduled to release second-quarter 2025 earnings on July 22. The company, which carries a Zacks Rank #3 at present, has an Earnings ESP of +1.65%. The quarterly earnings estimates for Invesco have been revised 2.6% upward to 40 cents over the past Inc. LAZ is slated to announce second-quarter 2025 earnings on July 24. The company, which carries a Zacks Rank #3 at present, has an Earnings ESP of +2.21%. Lazard's quarterly earnings estimates have been revised 2.7% north at 38 cents over the past seven days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report Lazard, Inc. (LAZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
