Summary
Ameriprise Financial, Inc. reported strong financial results for the nine months ended September 30, 2025, with net income increasing by 10% to $2.56 billion compared to the prior year period. Total net revenues grew by 6% to $13.52 billion, driven by a 9% increase in Management and financial advice fees. The company's Advice & Wealth Management segment saw a 3% rise in adjusted operating earnings, boosted by market appreciation and net inflows. The Retirement & Protection Solutions segment demonstrated robust growth with an 84% increase in adjusted operating earnings for the third quarter and a 26% increase year-to-date, largely due to favorable unlocking impacts, higher investment yields, and market appreciation. The Asset Management segment's adjusted operating earnings rose by 6% in the third quarter and 8% year-to-date, primarily driven by equity market appreciation and expense management. The company repurchased $3.7 billion of common stock during the nine months ended September 30, 2025, and announced a new $4.5 billion share repurchase authorization. Key financial metrics show continued strength, with total assets under management, administration, and advisement reaching $1.66 trillion, an 8% increase year-over-year. The company maintained a strong capital position and liquidity, with $9.6 billion in cash and cash equivalents (excluding CIEs and restricted cash) as of September 30, 2025. The effective tax rate for the nine months was 20.4%, slightly higher than the prior year's 20.0%.
Financial Highlights
30 data points| Revenue | $4.89B |
| Operating Expenses | $3.62B |
| Net Income | $912.00M |
| EPS (Basic) | $9.47 |
| EPS (Diluted) | $9.33 |
| Shares Outstanding (Basic) | 96.30M |
| Shares Outstanding (Diluted) | 97.80M |
Key Highlights
- 1Net income for the nine months ended September 30, 2025, increased 10% year-over-year to $2.56 billion.
- 2Total net revenues grew 6% year-over-year to $13.52 billion for the nine months ended September 30, 2025.
- 3Advice & Wealth Management segment's adjusted operating earnings increased 3% year-over-year for the nine months, driven by market appreciation and net inflows.
- 4Retirement & Protection Solutions segment's adjusted operating earnings surged 26% year-over-year for the nine months, benefiting from unlocking impacts and higher investment yields.
- 5Asset Management segment's adjusted operating earnings grew 8% year-over-year for the nine months, supported by market appreciation and expense management.
- 6Total assets under management, administration, and advisement reached $1.66 trillion, up 8% year-over-year.
- 7The company repurchased $3.7 billion of common stock during the nine months ended September 30, 2025, and has a remaining authorization of $3.5 billion.