10-KPeriod: FY2014

AMERIPRISE FINANCIAL INC Annual Report, Year Ended Dec 31, 2014

Filed February 24, 2015For Securities:AMP

Summary

Ameriprise Financial Inc. (AMP) reported strong financial performance for the fiscal year ending December 31, 2014, with total net revenues reaching $12.3 billion, a 10% increase year-over-year, primarily driven by growth in management and financial advice fees and other revenues. Net income attributable to Ameriprise Financial increased by 21% to $1.6 billion, with diluted earnings per share reaching $8.30. The company's assets under management and administration grew to $806.2 billion, reflecting market appreciation and net inflows across its Advice & Wealth Management and Asset Management segments. The filing also highlights the company's robust advisor network, strong client relationships, and commitment to capital returns to shareholders through dividends and share repurchases, with $1.8 billion remaining under its share repurchase authorization as of year-end 2014.

Financial Highlights

38 data points
Beta

Revenue

$12.30B

Net Income

$1.62B

13.2% Net Margin

EPS (Diluted)

$8.30

Total Assets

$148.81B

Cash & Equivalents

$2.64B

Free Cash Flow

$2.40B

Financial Statements
Beta
Revenue$12.30B
Operating Expenses$9.72B
Operating Income$1.62B
Net Income$1.62B
EPS (Basic)$8.45
EPS (Diluted)$8.30
Shares Outstanding (Basic)191.60M
Shares Outstanding (Diluted)195.00M

Key Highlights

  • 1Total net revenues increased by 10% to $12.3 billion in 2014, driven by strong growth in management and financial advice fees.
  • 2Net income attributable to Ameriprise Financial grew 21% to $1.6 billion, resulting in diluted EPS of $8.30.
  • 3Assets under management and administration reached $806.2 billion, a 5% increase from the prior year.
  • 4The Advice & Wealth Management segment saw operating earnings increase by 34% to $792 million, driven by wrap account asset growth and expense management.
  • 5The Asset Management segment's operating earnings rose 14% to $788 million, primarily due to higher average assets under management.
  • 6Ameriprise Financial repurchased approximately 11.8 million shares of common stock in 2014 for $1.4 billion, demonstrating a commitment to returning capital to shareholders.
  • 7The company maintained strong capital levels, with insurance subsidiaries' capital well in excess of regulatory requirements.

Frequently Asked Questions

Ameriprise Financial reported a 10% increase in total net revenues, reaching $12.3 billion for the year ended December 31, 2014, primarily driven by higher management and financial advice fees and other revenues.

Net income attributable to Ameriprise Financial increased by 21% to $1.6 billion in 2014, and diluted earnings per share grew to $8.30, reflecting improved profitability across key business segments.

As of December 31, 2014, Ameriprise Financial had $806.2 billion in total assets under management and administration, an increase of 5% from the prior year.

Ameriprise Financial demonstrated a commitment to returning capital through dividends and share repurchases. In 2014, the company repurchased approximately 11.8 million shares for $1.4 billion and maintained $1.8 billion remaining under its share repurchase authorization as of December 31, 2014.

The Advice & Wealth Management segment saw a 34% increase in operating earnings to $792 million, and the Asset Management segment's operating earnings grew by 14% to $788 million, both driven by asset growth and effective management.