Early Access

10-KPeriod: FY2015

AMERIPRISE FINANCIAL INC Annual Report, Year Ended Dec 31, 2015

Filed February 25, 2016For Securities:AMP

Summary

Ameriprise Financial, Inc. (AMP) demonstrated resilience in 2015, reporting net income attributable to Ameriprise Financial of $1.56 billion and diluted earnings per share of $8.48. Despite a slight decrease in total net revenues compared to the previous year, the company saw growth in its Advice & Wealth Management segment, driven by increased wrap account assets and effective expense management. The Asset Management segment experienced a decline in managed assets, primarily due to net outflows and foreign currency translation impacts, which affected its operating earnings. The Annuities segment showed modest growth in operating earnings, while the Protection segment's operating earnings decreased, largely due to higher claims and provisions for estimated losses in its auto and home insurance business. The company also continued its commitment to shareholder returns through significant share repurchases and dividend payments, underscoring a focus on delivering shareholder value.

Financial Highlights

38 data points
Beta

Revenue

$12.20B

Net Income

$1.56B

0.1% Net Margin

EPS (Diluted)

$8.48

Total Assets

$145.34B

Cash & Equivalents

$2.36B

Free Cash Flow

$2.69B

Financial Statements
Beta
Revenue$12.20B
Operating Expenses$10.03B
Operating Income$1.69B
Net Income$1.56B
EPS (Basic)$8.60
EPS (Diluted)$8.48
Shares Outstanding (Basic)181.70M
Shares Outstanding (Diluted)184.20M

Key Highlights

  • 1Ameriprise Financial reported net income attributable to Ameriprise Financial of $1.56 billion in 2015, with diluted EPS of $8.48.
  • 2Total net revenues were $12.17 billion, a slight decrease from $12.27 billion in 2014, reflecting varied performance across segments.
  • 3The Advice & Wealth Management segment saw strong growth, with pretax operating earnings increasing by 8% to $859 million, driven by higher wrap account assets.
  • 4The Asset Management segment's pretax operating earnings decreased by 3% to $761 million due to net outflows and foreign currency impacts, despite market appreciation.
  • 5The Annuities segment's pretax operating earnings increased by 3% to $650 million, benefiting from unlocking impacts.
  • 6The Protection segment's pretax operating earnings decreased by 26% to $183 million, primarily due to higher claims and provisions in auto and home insurance.
  • 7The company repurchased $1.74 billion of common stock in 2015, continuing its capital return strategy.

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