10-KPeriod: FY2025

AMERIPRISE FINANCIAL INC Annual Report, Year Ended Dec 31, 2025

Filed February 19, 2026For Securities:AMP

Summary

Ameriprise Financial, Inc. (AMP) reported a solid financial performance for the fiscal year ended December 31, 2025, with total net revenues increasing by 7% to $18.48 billion, driven by strong growth in management and financial advice fees, up 10% year-over-year. The company's Advice & Wealth Management segment, its primary growth engine, saw a 13% increase in total client assets, reaching $1.2 trillion, supported by market appreciation and net inflows. The Asset Management segment also experienced growth, with total managed assets increasing by 5% to $678.1 billion, despite net outflows. The Retirement & Protection Solutions segment demonstrated robust adjusted operating earnings growth of 17%, benefiting from unlocking impacts and higher investment income. Ameriprise Financial demonstrated effective capital management, with total equity growing to $6.5 billion. The company repurchased approximately 5.5 million shares of common stock during 2025 for $2.8 billion under its authorized repurchase program. Looking ahead, the company is focused on its integrated model to drive growth and consistency across market cycles, with strategic initiatives aimed at enhancing client experience and advisor productivity. The company's diversified business model, strong advisor network, and focus on holistic financial advice position it well to navigate evolving market conditions.

Financial Highlights

34 data points
Beta

Revenue

$18.91B

Net Income

$3.56B

18.8% Net Margin

EPS (Diluted)

$36.28

Total Assets

$190.90B

Cash & Equivalents

$11.16B

Free Cash Flow

$8.32B

Financial Statements
Beta
Revenue$18.91B
Operating Expenses$13.98B
Net Income$3.56B
EPS (Basic)$36.85
EPS (Diluted)$36.28
Shares Outstanding (Basic)96.70M
Shares Outstanding (Diluted)98.20M

Key Highlights

  • 1Total net revenues increased by 7% to $18.48 billion in 2025.
  • 2Advice & Wealth Management segment client assets grew 13% to $1.2 trillion.
  • 3Asset Management segment managed assets grew 5% to $678.1 billion.
  • 4Retirement & Protection Solutions segment adjusted operating earnings increased by 17%.
  • 5Company completed $2.8 billion in share repurchases in 2025.
  • 6Total equity increased to $6.5 billion.
  • 7Company continues to leverage its integrated model and focus on advisor productivity and client growth.

Frequently Asked Questions

Ameriprise Financial's strategy is centered on helping clients confidently achieve their financial goals by providing holistic advice and by managing and protecting their assets and income. This is executed through its Wealth Management and Asset Management businesses, supported by its Retirement & Protection Solutions and Corporate & Other segments.

The Advice & Wealth Management segment saw its total client assets grow by 13% to $1.2 trillion, driven by market appreciation and net inflows. The Asset Management segment's managed assets grew by 5% to $678.1 billion, despite net outflows. The Retirement & Protection Solutions segment experienced a 17% increase in adjusted operating earnings, driven by favorable unlocking impacts and higher investment income. The Corporate & Other segment reported a reduced adjusted operating loss.

Ameriprise Financial reported strong capital levels with total equity reaching $6.5 billion. The company actively returned capital to shareholders through share repurchases, buying back $2.8 billion worth of stock in 2025 under its authorized program. The company also pays regular quarterly dividends to its shareholders.

Key risks include market fluctuations and general economic factors impacting performance, intense competition, cybersecurity threats, regulatory changes, operational risks, and the potential for misconduct by employees and advisors. The company also highlights risks associated with interest rate changes and its ability to manage its market risk benefits and embedded derivatives.