How did Ameriprise Financial's assets under management and administration change in 2011?

Assets under management and administration decreased by 3% to $631 billion at December 31, 2011, compared to $647.5 billion at December 31, 2010. This decrease was primarily attributed to net outflows in the Asset Management segment and market depreciation, partially offset by net inflows in wrap accounts.

What strategic initiatives did Ameriprise Financial undertake in 2011?

In 2011, Ameriprise Financial focused on strengthening its core businesses by completing the integration of Columbia Management, selling Securities America to concentrate on its branded advisor network, and continuing to invest in its technology platform to enhance advisor productivity and client service. The company also actively repurchased its common stock, returning capital to shareholders.

What are the key business segments of Ameriprise Financial and how did they perform?

Ameriprise Financial operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other. The Advice & Wealth Management segment showed strong pretax income growth, driven by increased advisor productivity and client flows. The Asset Management segment benefited from the full year impact of the Columbia Management acquisition, although it faced net outflows. The Annuities segment's pretax income declined due to updated valuation assumptions and market impacts on DAC/DSIC amortization, while the Protection segment's pretax income decreased due to higher claims and administrative expenses.

AMP 10-K FY2011 Annual Report — Revenue, Net Income, EPS

Q: What was Ameriprise Financial's overall financial performance in 2011?

Ameriprise Financial reported solid financial performance in 2011, with total net revenues of $10.2 billion, a 7% increase from 2010. Net income attributable to Ameriprise Financial was $1.08 billion, a slight increase from the previous year, reflecting stable operating performance despite economic headwinds.

Summary

Ameriprise Financial, Inc. (AMP) reported solid results for the fiscal year ending December 31, 2011. The company demonstrated resilience in a challenging economic environment, growing its net revenues by 7% year-over-year to $10.2 billion. Net income attributable to Ameriprise Financial increased slightly to $1.08 billion, or $4.37 per diluted share, reflecting a stable operating performance. The company maintained a strong foundation, with $631 billion in assets under management and administration, though this represents a slight decrease from the previous year. Ameriprise continues to focus on its core strengths in wealth management and asset management, supported by a robust network of over 9,700 affiliated advisors.

Financial Highlights

38 data points

Beta

Revenue

$10.24B

Net Income

$1.12B

0.1% Net Margin

EPS (Diluted)

$4.53

Total Assets

$132.31B

Cash & Equivalents

$2.78B

Free Cash Flow

$2.18B

Financial Statements

Beta

Revenue	$10.24B
Operating Expenses	$8.74B
Operating Income	$1.18B
Net Income	$1.12B
EPS (Basic)	$4.62
EPS (Diluted)	$4.53
Shares Outstanding (Basic)	241.40M
Shares Outstanding (Diluted)	246.30M

Key Highlights

1Total net revenues increased 7% to $10.2 billion, driven by growth in asset-based fees.
2Net income attributable to Ameriprise Financial was $1.08 billion, a slight increase from the prior year.
3Assets under management and administration stood at $631 billion, a decrease of 3% from 2010, reflecting market conditions and net outflows in asset management.
4The company maintained a strong advisor network, with over 9,700 affiliated advisors, and a client retention rate of 92%.
5Ameriprise Financial completed the sale of Securities America in Q4 2011, allowing a focus on its branded advisor network.
6The company repurchased approximately $1.5 billion of its common stock during 2011, demonstrating a commitment to returning capital to shareholders.
7The company reported an operating return on equity excluding accumulated other comprehensive income of 13.2%.

AMERIPRISE FINANCIAL INC Annual Report, Year Ended Dec 31, 2011

Summary

Financial Highlights

Key Highlights

Frequently Asked Questions