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.
Financial Highlights
30 data pointsBeta
Financial Statements
Beta
| Revenue | $4.89B |
| Operating Expenses | $3.67B |
| Net Income | $915.00M |
| EPS (Basic) | $9.81 |
| EPS (Diluted) | $9.68 |
| Shares Outstanding (Basic) | 93.30M |
| Shares Outstanding (Diluted) | 94.50M |
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.
Frequently Asked Questions
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.
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%.
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.
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.