What was the primary driver of the significant increase in pretax income?

The significant increase in pretax income was primarily driven by a reduction in expenses related to the market impact on non-traditional long-duration products (down to $184 million from $460 million year-over-year) and favorable equity market performance, which boosted asset-based fees.

How did the company's different segments perform?

The Advice & Wealth Management segment reported strong growth with a 20% increase in pretax adjusted operating earnings. The Asset Management segment also showed growth, with a 13% increase in earnings. The Retirement & Protection Solutions segment experienced a 12% decrease in earnings, while the Corporate & Other segment improved its adjusted operating loss by 16%.

What is the company's stance on returning capital to shareholders?

Ameriprise Financial demonstrated its commitment to shareholders by repurchasing $784 million of its common stock in the first quarter of 2026 and has $1.8 billion remaining under its current share repurchase authorization. The company also paid regular quarterly dividends.

How is the company positioned regarding liquidity and capital resources?

The company maintains substantial liquidity, with $8.3 billion in cash and cash equivalents (excluding CIEs and restricted cash) as of March 31, 2026. The parent company estimates $2.3 billion in available liquidity, supported by cash, unencumbered liquid securities, and credit facilities, indicating a strong financial position.

AMP 10-Q Quarterly Report Q1 FY2026 — Revenue, Net Income, EPS

Summary

Ameriprise Financial, Inc. reported a strong first quarter for 2026, with pretax income increasing by 67% to $1.144 billion compared to the prior year. This growth was driven by a significant reduction in expenses related to market impacts on non-traditional long-duration products and favorable equity market performance. Total net revenues increased by 11% to $4.812 billion, primarily due to higher management and financial advice fees, reflecting market appreciation and client net inflows in the Advice & Wealth Management segment. The company's robust capital position and continued share repurchase activity demonstrate a commitment to shareholder value.

Key Highlights

1Pretax income rose 67% to $1.144 billion for the three months ended March 31, 2026.
2Total net revenues increased 11% to $4.812 billion, driven by growth in management and financial advice fees.
3The Advice & Wealth Management segment saw a 20% increase in pretax adjusted operating earnings, reaching $951 million.
4Asset Management segment's pretax adjusted operating earnings grew 13% to $273 million.
5The company repurchased 1.6 million shares of common stock for $784 million in Q1 2026.
6Cash and cash equivalents (excluding CIEs and restricted cash) were $8.3 billion as of March 31, 2026.
7Ameriprise Financial maintained strong liquidity with $2.3 billion in estimated available liquidity at the parent company level.

AMERIPRISE FINANCIAL INC Quarterly Report for Q1 Ended Mar 31, 2026

Summary

Key Highlights

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