01—Abstract
Summary
Summary of the 10-K filed February 19, 2026. Cited figures are marked; the original filing is the authoritative source.
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 billiona, 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 trillionb, 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 billionc. 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.
02—Key points
Key Highlights
- Total net revenues increased by 7% to $18.48 billion in 2025.
- Advice & Wealth Management segment client assets grew 13% to $1.2 trillion.
- Asset Management segment managed assets grew 5% to $678.1 billion.
- Retirement & Protection Solutions segment adjusted operating earnings increased by 17%.
- Company completed $2.8 billion in share repurchases in 2025.
- Total equity increased to $6.5 billion.
- Company continues to leverage its integrated model and focus on advisor productivity and client growth.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-KFY2025filed February 19, 2026Financial Statements
FY2025 against FY2024
| Line item | FY2025FY2024 | Change |
|---|---|---|
| Revenue | $18.91B$17.93B | +5.5% |
| Operating Expenses | $13.98B$13.00B | +7.5% |
| Net Income | $3.56B$3.40B | +4.8% |
| EPS (Basic) | $36.85$33.67 | +9.4% |
| EPS (Diluted) | $36.28$33.05 | +9.8% |
| Shares Outstanding (Basic) | 96.70M101.00M | −4.3% |
| Shares Outstanding (Diluted) | 98.20M102.90M | −4.6% |
05—Questions
Frequently Asked Questions
What is Ameriprise Financial's primary business strategy?
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.
How did the company's different segments perform in 2025?
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.
What is the company's approach to capital management and shareholder returns?
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.
What are the key risks identified by Ameriprise Financial?
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.
06—Continue