AMP 8-K Current Reports

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jul 23, 2026)

Ameriprise Financial (AMP) reported strong second-quarter 2026 results, furnished under Item 2.02 via Exhibit 99.1. GAAP net income rose 5% to $1,113 million and GAAP diluted EPS was $11.98, up 12% from $10.73. Adjusted operating EPS grew 22% to $11.07 from $9.11, and adjusted operating earnings increased 14% to $1,028 million. Adjusted operating net revenues rose 13% to $4.9 billion, and the pretax adjusted operating margin was 27.2%. The company cited continued asset growth as the main driver, with total AUMAA reaching a record $1.8 trillion, up 14% year over year. GAAP results were helped by less favorable market impacts on derivatives and market risk benefits than in the prior-year quarter, so the GAAP EPS growth rate is somewhat flattered by the year-over-year comparison, while the adjusted figures better reflect underlying performance. Segment results were broadly positive. Advice & Wealth Management pretax adjusted operating earnings rose 16% to $939 million at a 28.9% margin, supported by 15% growth in client assets and a 12% increase in trailing-twelve-month net revenue per advisor. Client net flows slowed to $3.1 billion from $4.3 billion, with advisor departures including Comerica terminations weighing on results. Asset Management pretax adjusted operating earnings grew 23% to $274 million, with net pretax margin expanding to 42.7%, although institutional outflows of $5.1 billion persisted. Retirement & Protection Solutions earnings declined 6% to $202 million, though sales rose 20% to $1.6 billion. Capital management remained a clear strength. Ameriprise returned $932 million to shareholders, equal to 91% of operating earnings, and shares outstanding fell 6% year over year to 88.4 million. Long-term debt to capital rose to 37.5% from 33.6% a year earlier, reflecting new senior notes issued to prefund a $500 million maturity. Management reiterated a 20-22% operating effective tax rate for full-year 2026 and expects Asset Management G&A to be flat excluding performance-fee compensation.

Jul 23, 2026 8-K

Leadership ChangesRegulation FDExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Corporate Update (Jun 9, 2026)

Ameriprise Financial, Inc. has announced the successful issuance of new senior notes, totaling $750 million in aggregate principal amount. This offering includes $300 million of 4.800% Senior Notes due 2031 and $450 million of 5.350% Senior Notes due 2036. These notes were sold under an underwriting agreement with prominent financial institutions, including BofA Securities, Inc., Citigroup Global Markets Inc., and J.P. Morgan Securities LLC. This debt issuance, conducted under the company's existing Form S-3 registration statement, provides Ameriprise with additional capital. Investors should note the specific interest rates and maturity dates for each tranche of notes, which offer different yield and duration profiles. The filing includes the underwriting agreement and forms of the notes, providing transparency on the terms of this transaction.

Jun 9, 2026 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Executive Changes (May 20, 2026)

Ameriprise Financial (AMP) filed a Form 8-K on May 20, 2026 disclosing two items. Under Item 5.02(b), the company announced that William Davies, Executive Vice President and Global Chief Investment Officer, will retire effective June 30, 2026. Under Item 7.01, the company furnished a Columbia Threadneedle Investments press release (Exhibit 99.1) announcing the retirement, which is a Regulation FD disclosure rather than a material financial result. The filing contains no financial statements, earnings figures, or guidance. The primary investor-relevant point is leadership continuity in the investment function of Columbia Threadneedle, the company's global asset management arm. Davies, who joined a predecessor firm in 1994 and has been global CIO since 2022, is departing. Columbia Threadneedle CEO Ted Truscott will serve as interim global CIO from July 1, 2026, until a successor is named. The press release states that the firm's senior investment leaders and asset class heads will keep their current responsibilities, and management emphasized consistency of the investment approach. For investors, this is a routine-appearing but notable executive transition at the asset management segment. The key open questions are the timing and identity of a permanent successor and whether the leadership change affects investment performance or client flows. The filing does not address those points, and the company has not disclosed any financial impact.

May 20, 2026 8-K

Shareholder MattersExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Shareholder Vote Results (Apr 30, 2026)

This 8-K filing reports on the outcomes of Ameriprise Financial, Inc.'s (AMP) 2026 annual shareholder meeting held on April 29, 2026. A significant majority of outstanding shares, approximately 86.4%, were represented, indicating strong shareholder engagement. The primary agenda items included the election of directors, ratification of the independent auditor, and an advisory vote on executive compensation. All eight director nominees were elected, and the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026 was ratified. Furthermore, shareholders approved, on an advisory basis, the compensation of the company's named executive officers, demonstrating confidence in the management's remuneration strategies.

Apr 30, 2026 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Apr 23, 2026)

Ameriprise Financial (AMP) reported first quarter 2026 results on April 23, 2026, with adjusted operating earnings per diluted share rising 19% to a record $11.26 (vs. $9.50) and GAAP EPS of $9.68 (vs. $5.83). Adjusted operating net revenues grew 11% to $4.8 billion, driven by asset growth, and pretax adjusted operating margin was 28%. Total assets under management, administration and advisement reached $1.67 trillion, up 12% year over year, while adjusted operating ROE excluding AOCI was 54.3% on a trailing twelve-month basis. The GAAP-to-adjusted gap was mainly market impacts on derivatives and market risk benefits, which hit GAAP results in the quarter but were less unfavorable than in the prior-year period. The core wealth management engine was strong. Advice & Wealth Management pretax adjusted operating earnings rose 20% to $951 million, with margin up 150 basis points to 30.0%. That figure includes a $25 million one-time benefit from the termination of the Comerica Bank relationship, so underlying core distribution earnings growth was in the mid-30% range per management. Asset Management earnings rose 13% and net outflows narrowed to $5.9 billion from $18.3 billion, though client net flows in wealth management slowed sharply to $4.2 billion from $10.3 billion, with management citing elevated advisor departures including Comerica advisors. Retirement & Protection Solutions earnings fell 12% to $190 million on higher distribution expenses tied to strong sales. Capital return remained a central theme: the company returned $936 million (88% of operating earnings) in the quarter, including $784 million of buybacks, and raised its quarterly dividend 6%. Diluted share count fell 5.5% year over year to 94.5 million, which supports per-share growth. Total equity declined to $6.2 billion from $6.5 billion at year-end, largely due to a $603 million increase in treasury stock and higher AOCI losses, and the debt-to-capital ratio rose to 33.1% from 32.0% at December 31, 2025. The filing is an earnings release furnished under Item 2.02 and is not an audited financial statement, and results remain subject to the Form 10-Q.

Apr 23, 2026 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Executive Changes (Feb 12, 2026)

Ameriprise Financial, Inc. (AMP) has filed an 8-K report announcing a significant executive transition. Joseph E. Sweeney, who serves as President of Advice & Wealth Management Products & Service Delivery, has decided to retire from his role. Mr. Sweeney's retirement is effective April 3, 2026, marking the end of his tenure with the company. This departure represents a change in leadership within a key division of the company, which investors will want to monitor for any potential impact on strategic direction or operational continuity. The report does not provide details on Mr. Sweeney's successor or any interim plans. Investors should pay close attention to future communications from Ameriprise regarding leadership changes within the Advice & Wealth Management segment. This transition could influence the company's ability to execute its growth strategies and maintain its competitive position in the wealth management sector. The timely appointment of a qualified successor will be crucial for ensuring a smooth handover and continued performance.

Feb 12, 2026 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jan 29, 2026)

Ameriprise Financial (AMP) reported a record fourth quarter and full-year 2025 in its January 29, 2026 earnings release. Q4 2025 adjusted operating EPS rose 16% to a record $10.83 on adjusted operating net revenues of $4.9 billion (up 10%) and a 27% pretax adjusted operating margin. GAAP EPS was $10.47, down 1% from $10.58 a year earlier, mainly because of unfavorable market impacts on derivatives and market risk benefits in Q4 2025, versus favorable impacts in the prior-year quarter. For the full year, adjusted operating EPS grew 14% to $39.29 and GAAP EPS grew 10% to $36.28. Growth was driven by the Advice & Wealth Management segment, where total client assets reached a record $1.2 trillion, net flows were $13.3 billion (a 4.7% annualized rate), and pretax adjusted operating earnings rose 13% to a record $926 million. Asset Management pretax adjusted operating earnings rose 17% to $293 million, helped by strong performance fees and higher institutional revenue, while total assets under management, administration and advisement reached a record $1.7 trillion, up 11%. Retirement & Protection Solutions earnings fell 6% to $200 million, reflecting higher life claims and the timing of G&A expenses. Capital return was strong. Ameriprise returned $1.1 billion to shareholders in Q4 (101% of adjusted operating earnings) and $3.4 billion for the full year (88%). The company reported adjusted operating ROE excluding AOCI of 53.2% on a trailing basis. Investors should note that GAAP results were volatile, and that Q4 general and administrative expenses rose 5% on a GAAP basis. The release is unaudited, and the company notes that figures may be revised in its Form 10-K.

Jan 29, 2026 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Executive Changes (Nov 12, 2025)

Ameriprise Financial, Inc. (AMP) announced a key change to its Board of Directors with the immediate appointment of Liane J. Pelletier, effective November 12, 2025. Ms. Pelletier brings extensive experience in executive leadership and corporate governance, having previously served as CEO and President of Alaska Communications Systems Group and holding senior strategy roles at Sprint Corporation. Her appointment is expected to strengthen the company's oversight, particularly with her immediate inclusion on the Audit and Risk Committee. This move signals a focus on enhancing board expertise in critical areas of financial oversight and risk management.

Nov 12, 2025 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Oct 30, 2025)

Ameriprise Financial (AMP) reported third-quarter 2025 results that were strong on most measures. GAAP net income per diluted share was $9.33, up 87% from $5.00 a year earlier, and adjusted operating EPS rose 22% to $9.87. Excluding annual unlocking, adjusted operating EPS grew 12% to $9.92. Total assets under management, administration and advisement reached a record $1.66 trillion, up 8% year over year, and adjusted operating net revenues rose 9% to $4.7 billion, driven mainly by asset growth. Adjusted operating return on equity (ex-AOCI) was 52.8%, and the company returned $842 million to shareholders, or 87% of adjusted operating earnings. The quarter had some soft spots beneath the headline numbers. Advice & Wealth Management client net flows fell 60% to $3.4 billion, and wrap net flows fell 40% to $4.8 billion, though management said flows excluding two large advisor practice departures and a one-time administrative change improved sequentially. Asset Management recorded $3.4 billion of net outflows, though this was an improvement on the prior quarter. Spread earnings in the advice business declined as expected, and lower-rate conditions pressure bank net investment income. Management characterized bank net investment income as stable and consistent with full-year expectations. The release also points to continued expense discipline, with Asset Management general and administrative expenses up only 1%, and a company-wide general and administrative expense line down 2% year over year. Management guided to a 20-22% operating effective tax rate for full-year 2025. The filing is a furnished (not filed) earnings release under Item 2.02, so its figures are management's presentation and include non-GAAP measures that are reconciled in the exhibit.

Oct 30, 2025 8-K

Shareholder MattersExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jul 24, 2025)

Ameriprise Financial reported second-quarter 2025 results that combined record client assets with mixed underlying momentum. Adjusted operating EPS rose 7% to $9.11 and GAAP EPS rose 34% to $10.73, but the GAAP gain was driven largely by a $219 million favorable market impact on non-traditional long-duration products, not by operations. Adjusted operating earnings grew only 2% to $900 million, and adjusted operating net revenues increased 4% to $4.3 billion, primarily from higher asset levels. Total assets under management, administration and advisement reached a record $1.6 trillion, up 9% year over year, and total client assets in Advice & Wealth Management hit $1.1 trillion. Underlying flow trends were weaker. Advice & Wealth Management total client net flows fell 35% to $4.3 billion, and wrap net flows declined 28% to $5.4 billion. Asset Management posted $8.7 billion of net outflows, including $4.8 billion of institutional outflows that contained $1.6 billion tied to the exit of Lionstone. Management attributed the softer flows to market volatility from trade policy uncertainty and normal seasonal tax payments. Pretax adjusted operating margin was 26.5% for the firm, with Advice & Wealth Management margin compressing to 28.9% from 31.1% a year earlier. Capital return remained a core part of the story. Ameriprise returned $731 million to shareholders in the quarter, equal to 81% of adjusted operating earnings, through $158 million of dividends and $573 million of share repurchases. Year-to-date adjusted operating EPS was $18.61, up 10%, while year-to-date GAAP net income declined 10%. Management guided to low-to-mid single-digit growth in full-year Advice & Wealth Management general and administrative expenses and a 2025 operating effective tax rate of 20% to 22%.

Jul 24, 2025 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Shareholder Vote Results (May 2, 2025)

Ameriprise Financial Inc. (AMP) filed an 8-K detailing the results of its 2025 annual shareholder meeting held on April 30, 2025. The meeting saw strong participation, with approximately 87.88% of outstanding shares represented. Key outcomes include the overwhelming re-election of all eight director nominees, indicating shareholder confidence in the current board's leadership and strategy. Furthermore, shareholders provided advisory approval for the compensation of named executive officers, though with a notable number of 'Against' votes. The company also successfully ratified the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm for 2025, underscoring the importance of financial oversight and transparency. This filing provides a clear picture of shareholder sentiment on governance and executive compensation.

May 2, 2025 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Apr 24, 2025)

Ameriprise Financial (AMP) reported first-quarter 2025 results on April 24, 2025 that were strong on an adjusted operating basis but weaker on a GAAP basis. Adjusted operating earnings per diluted share rose 13% to $9.50 (from $8.39), and adjusted operating ROE excluding AOCI was 52.0%. GAAP net income fell 41% to $583 million, or $5.83 per diluted share, driven by unfavorable market impacts on derivatives and market risk benefits (a $460 million pretax-adjusted favorable item in the prior year reversed into a $460 million unfavorable adjustment this quarter). Total assets under management, administration and advisement reached $1.49 trillion, up 3% year over year, though market declines in late Q1 and net outflows in Asset Management weighed on the quarter-end figures. The Advice & Wealth Management segment was the main growth engine. Adjusted operating net revenues rose 9% to $2.8 billion, and total client net flows were $10.3 billion, up 21%. Wrap net flows of $8.7 billion, a 34% increase, signaled improving momentum. Pretax adjusted operating margin for the segment slipped to 28.5% from 29.8% because adjusted operating expenses grew 11%, largely from higher advisor productivity-linked distribution costs. Asset Management was more mixed: revenues fell 1% and it posted $18.3 billion of total net outflows, including a large institutional repositioning into passive products and the exit of Lionstone, although pretax adjusted operating earnings rose 17% on expense discipline. Management returned $765 million to shareholders, about 81% of adjusted operating earnings, and announced a new $4.5 billion share repurchase authorization through June 30, 2027 along with an 8% increase in the quarterly dividend. Management emphasized excess capital and holding-company liquidity, and guided to a full-year 2025 operating effective tax rate of 20% to 22%. The company's debt-to-capital ratio rose to 39.8% from 35.2% at year-end 2024 after senior note issuance, which investors should monitor alongside the buyback pace.

Apr 24, 2025 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Corporate Update (Feb 28, 2025)

Ameriprise Financial, Inc. (AMP) has announced the successful issuance of $750 million in aggregate principal amount of 5.200% Senior Notes due 2035. This debt offering, finalized on February 28, 2025, was conducted under an Underwriting Agreement with prominent financial institutions including Goldman Sachs & Co. LLC, Barclays Capital Inc., and Wells Fargo Securities, LLC. The issuance of these senior notes provides Ameriprise with additional capital, likely intended for general corporate purposes, which could include funding growth initiatives, potential acquisitions, or strengthening its capital structure. Investors in these notes are privy to a fixed coupon rate of 5.200% over a ten-year maturity, offering a predictable income stream. The offering was made pursuant to an effective shelf registration statement, indicating prior regulatory approval for such capital raises.

Feb 28, 2025 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Executive Changes (Feb 20, 2025)

Ameriprise Financial Inc. (AMP) has announced a significant addition to its Board of Directors with the appointment of Glynis A. Bryan, effective March 1, 2025. Ms. Bryan brings a wealth of experience as a former Chief Financial Officer for Insight Enterprises Inc., a technology solutions provider, and has held similar senior finance roles at other publicly traded companies including Swift Transportation and APL Logistics. Her appointment is expected to enhance the board's expertise, particularly in financial matters and risk oversight, given her placement on the Audit and Risk Committee. Investors will find Ms. Bryan's extensive financial background and her current board experience with Pinnacle West Capital Corporation and Wesco International, Inc. to be valuable assets. The company will compensate her through its standard outside director compensation program, which includes a pro rata grant of deferred share units. This appointment signifies Ameriprise's commitment to strengthening its governance and leveraging experienced leadership to guide its strategic direction.

Feb 20, 2025 8-K

Material AgreementsFinancial EventsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jan 29, 2025)

Ameriprise Financial (AMP) reported record full-year 2024 results and a strong fourth quarter in an 8-K furnishing its January 29, 2025 earnings press release (Exhibit 99.1). Q4 2024 GAAP net income was $1,071 million, or $10.58 per diluted share, versus $3.57 a year earlier, aided by favorable market impacts on derivatives and market risk benefits. Adjusted operating EPS was $9.36 (up 30%), and $9.54 excluding severance, a share-based compensation mark-to-market, and a prior-year regulatory accrual (up 23%). For full-year 2024, GAAP EPS was $33.05 and adjusted operating EPS excluding unlocking and other items was $35.79, up 17%. Adjusted operating net revenues rose 13% in Q4, driven by asset growth and higher transactional activity. The operating story is broad-based. Total assets under management, administration and advisement reached $1.52 trillion, up 10%, with trailing 12-month client net inflows of $35 billion. Advice & Wealth Management (AWM) generated Q4 pretax adjusted operating earnings of $823 million (up 18%) at a 29% margin, with wrap net inflows of $11.1 billion (up 59% year over year) and advisor headcount of 10,427. Asset Management pretax adjusted operating earnings rose 29% to $251 million, though institutional outflows of $3.9 billion and $0.9 billion of expected Lionstone outflows weighed on flows. Retirement & Protection Solutions sales grew 13%. Q4 total client net flows were $11.3 billion, down from $22.7 billion a year earlier, which included $14.7 billion from the Comerica partnership. Capital management remained a priority. Ameriprise returned $768 million to shareholders in Q4 and $2.8 billion for the year. Senior notes fell to $2.85 billion from $3.40 billion, and the ratio of Ameriprise long-term debt to total capital dropped to 35.2% from 41.8%. Management cited higher sustainable net investment income at the bank, expected lower interest rates as a headwind, and continued improvement in long-term care earnings. The filing is furnished rather than filed, and the figures are unaudited and subject to revision in the 2024 Form 10-K.

Jan 29, 2025 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Material Agreement (Nov 26, 2024)

Ameriprise Financial, Inc. (AMP) has filed an 8-K report detailing the execution of a Fifth Amended and Restated Credit Agreement, effectively updating its primary credit facility. This agreement establishes a $1 billion unsecured revolving credit facility, with the potential to increase to $1.25 billion under specific conditions. The facility is a crucial component of the Company's financial strategy, intended for working capital and general corporate purposes, and offers flexibility in currency options for borrowings. This refinancing is investor-focused as it reinforces the Company's liquidity position and provides significant financial flexibility. The interest rate structure is tied to market rates plus a margin adjusted by the Company's senior unsecured long-term debt rating, ensuring alignment with credit quality. Key financial covenants, including an interest coverage ratio exceeding 4.00 to 1.00 and a consolidated leverage ratio not exceeding 3.25 to 1.00, are in place to maintain financial health. The new facility has a maturity date of November 23, 2029, with potential one-year extensions, providing a stable financing runway.

Nov 26, 2024 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Oct 23, 2024)

Ameriprise Financial (AMP) reported third-quarter 2024 results on October 23, 2024 that were strong at the operating level but noisy at the GAAP level. GAAP net income fell 41% year over year to $511 million, or $5.00 per diluted share versus $8.14, driven mainly by unfavorable market impacts on derivatives and market risk benefits. Adjusted operating earnings rose 11% to $828 million ($8.10 per diluted share, up 16%), and adjusted operating earnings excluding unlocking and severance rose 17% to $9.02 per diluted share. Results were supported by a 22% increase in total AUM and AUA to $1.5 trillion, driven by market appreciation and net inflows, and by 11% growth in adjusted operating net revenues. The Advice & Wealth Management segment was the main driver, with pretax adjusted operating earnings of $826 million (up 13%) and a 30.1% margin. Wrap net flows were $8.0 billion, up 48%, and total client assets reached an all-time high of $1.0 trillion. Asset Management pretax adjusted operating earnings rose 23% to $245 million despite $2.4 billion of total net outflows, which improved 40% from the prior year. Retirement & Protection Solutions earnings excluding unlocking increased 2%, and the company's annual actuarial assumption update, which was primarily tied to variable annuity persistency, reduced after-tax earnings by $74 million, or $0.73 per share. Management continued to return capital, with $713 million returned to shareholders in the quarter, including $563 million of buybacks and $150 million of dividends. Available capital for capital adequacy rose 5% to $5.5 billion. Severance and related expenses of $19 million after tax (about $24 million pretax) reflect an ongoing efficiency program, and management pointed to early benefits in Asset Management G&A. Investors should weigh the strong fee-based flows and margin discipline against the GAAP volatility from market-sensitive liabilities and the modest but continuing net outflows in retail and institutional asset management.

Oct 23, 2024 8-K

Shareholder MattersCorporate ChangesExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jul 24, 2024)

Ameriprise Financial reported second-quarter 2024 results that combined strong operating momentum with a GAAP earnings decline driven by market-related accounting items. Adjusted operating EPS rose 15% to $8.53 (up 17% to $8.72 excluding $0.19 of severance expense), while GAAP EPS fell 2% to $8.02 from $8.21, mainly due to unfavorable market impacts on derivatives and market risk benefits. Adjusted operating earnings grew 9% to $882 million and net income declined 7% to $829 million. Total AUM and AUA reached $1.43 trillion, up 12% year over year, supported by strong client net inflows in wrap accounts and equity market appreciation. The Advice & Wealth Management segment was the clear standout, with pretax adjusted operating earnings up 12% to a record $822 million and a pretax margin of 31.1%. Total client assets rose 17% to $972 billion, and wrap net flows of $7.5 billion were up 34% year over year. Retirement & Protection Solutions sales increased 40% to $1.5 billion, led by structured variable annuities. Asset Management was a mixed picture: pretax adjusted operating earnings rose 35% on expense discipline and market gains, but the segment still recorded $12.0 billion of net outflows, which included $9.1 billion from legacy insurance partners and an $8.0 billion asset transfer. Capital management remained a priority. The company returned $693 million to shareholders through dividends and buybacks, diluted share count fell 4% year over year to 103.4 million, and available capital for capital adequacy rose 5% to $5.2 billion. Management also highlighted ongoing efficiency initiatives that are expected to support future profitability, and reaffirmed an operating effective tax rate of about 21% for full-year 2024. Investors should weigh the strong fee-based growth and capital return against the volatility in GAAP results and the continued outflows from legacy insurance partners in Asset Management.

Jul 24, 2024 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Bylaw Amendment (Apr 26, 2024)

Ameriprise Financial, Inc. filed an 8-K report on April 26, 2024, detailing key outcomes from its 2024 annual shareholder meeting held on April 24, 2024. The most significant development for investors is the shareholder approval of an amendment to the company's Certificate of Incorporation. This amendment, effective upon filing with the Delaware Secretary of State, permits the exculpation of corporate officers, subject to certain limitations as allowed by recent changes in Delaware law. This move is intended to provide greater protection to the company's leadership from personal liability for certain actions. Additionally, the meeting saw the election of all eight director nominees, confirming the current board's composition for the upcoming year. Shareholders also provided advisory approval for the compensation of named executive officers and ratified the selection of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2024. These outcomes reflect shareholder confidence in the company's governance and oversight.

Apr 26, 2024 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Apr 22, 2024)

Ameriprise Financial (AMP) reported first quarter 2024 results on April 22, 2024, with GAAP net income of $990 million, or $9.46 per diluted share, versus $3.79 a year ago. The GAAP figure was inflated by favorable market impacts on derivatives and market risk benefits. Adjusted operating earnings rose 10% to $878 million, or $8.39 per diluted share (up 16%), and the adjusted operating return on equity excluding AOCI was 49.0%. Management also raised the quarterly dividend 10%, and the company returned $650 million to shareholders during the quarter. The operating picture was mixed but broadly strong. Adjusted operating net revenues grew 11% to $4.1 billion, driven by Advice & Wealth Management (up 13%, with bank net investment income up 30%), Retirement & Protection Solutions (up 11% on structured annuity sales up 33%), and Asset Management (up 7%). Total client assets in Advice & Wealth Management reached $954 billion, and firm-wide AUM and AUA hit a record $1.4 trillion. Pretax adjusted operating margin was 26.3%, roughly flat with the prior year's 26.4%. Shares outstanding fell about 5% year over year, which supports per-share growth. The main watch items are the quality of flows and expense trends. Total client net flows in Advice & Wealth Management slowed 31% to $8.5 billion, and Asset Management posted net outflows of $5.7 billion, driven by institutional mandate slowdowns and retail redemptions. Advice & Wealth Management adjusted operating expenses rose 14%, with distribution expenses up 17%. Management expects mid-single-digit growth in full-year general and administrative expenses in that segment and a full-year operating effective tax rate of about 21%.

Apr 22, 2024 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jan 24, 2024)

Ameriprise Financial reported fourth quarter 2023 results on January 24, 2024, with GAAP net income of $377 million, or $3.57 per diluted share, down 39% from $5.83 a year earlier. The decline was driven mainly by unfavorable market impacts on derivatives and market risk benefits, which are non-operating and volatile. On an adjusted operating basis, EPS rose 10% to $7.20 (from $6.57), and rose 14% to $7.75 when excluding a $0.28 regulatory accrual, $0.14 severance, and $0.13 mark-to-market share-based compensation impact. Full-year adjusted operating EPS grew 14% to $28.86, or 24% to $30.46 excluding unlocking and the listed items, while full-year GAAP EPS fell 14% to $23.71. The operating story was strong. Total AUM and AUA reached $1.36 trillion, up 15% year over year, supported by $22.7 billion of Q4 client net flows (including $14.7 billion from the Comerica partnership) and equity market appreciation. Advice & Wealth Management adjusted operating net revenues rose 8% and wrap assets grew 18%. Asset Management pretax adjusted operating earnings increased 33%, although the segment still posted $5.2 billion of net outflows, mostly institutional. Retirement & Protection Solutions sales rose 19%. Adjusted operating ROE excluding AOCI was 48.5%, and the company returned $587 million to shareholders in the quarter and $2.5 billion for the full year. For investors, the key questions are whether the GAAP volatility reflects temporary market accounting or a more persistent risk, whether the asset management outflows and elevated expenses (G&A up 6% reported, 2% excluding items) can be contained, and whether the strong AUM growth and capital return can continue. The results point to a business with robust fee-based growth and capital generation, with the main caveats being GAAP earnings sensitivity to market moves and institutional outflows.

Jan 24, 2024 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Corporate Update (Nov 9, 2023)

Ameriprise Financial, Inc. (AMP) has filed an 8-K report to disclose the successful issuance of $600 million in 5.700% Senior Notes due 2028. This debt offering was completed on November 9, 2023, under an underwriting agreement with major financial institutions including Citigroup Global Markets Inc., BofA Securities, Inc., and J.P. Morgan Securities LLC. This action indicates the company is actively managing its capital structure, likely to fund ongoing operations, strategic initiatives, or refinance existing debt. Investors should note the coupon rate of 5.700%, which provides a benchmark for the cost of this new debt. The filing also includes standard exhibits such as the underwriting agreement, the form of the notes, and legal opinions, all of which are incorporated into the company's registration statement.

Nov 9, 2023 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Oct 25, 2023)

Ameriprise Financial (AMP) reported third-quarter 2023 results on October 25, 2023, showing solid underlying operating performance despite a challenging market backdrop. Adjusted operating earnings per diluted share excluding unlocking rose 21% year-over-year to $7.68, while GAAP EPS fell 13% to $8.14, driven mainly by market impacts on derivatives and market risk benefits and by the annual unlocking charge. Total assets under management and administration reached $1.2 trillion, up 12% year-over-year, supported by client net inflows and market appreciation. Adjusted operating net revenues grew 11%, and G&A expense rose only 4%, with pretax adjusted operating margin excluding unlocking reaching a company-record 27%. Segment performance was mixed. Advice & Wealth Management delivered pretax adjusted operating earnings of $729 million (up 23%), though this included a $20 million regulatory accrual related to electronic communication recordkeeping; excluding it, earnings rose 26%. Client net flows of $8.9 billion were positive but down 20% from a year ago, and clients remain concentrated in yield-oriented cash products. Asset Management earnings rose 4% to $199 million despite $4.2 billion of net outflows, while Retirement & Protection Solutions' earnings excluding unlocking grew 4% on higher sales. Management returned $663 million to shareholders, roughly 80% of adjusted operating earnings excluding unlocking, and reported $1.4 billion of excess capital and $1.9 billion of holding company liquidity. The company also expects to close its Comerica Bank partnership in November. For investors, the key takeaways are the strength of the wealth management franchise and disciplined expense control, offset by slowing cash-sorting-driven flows, asset management outflows, and GAAP earnings volatility tied to market-sensitive items and actuarial assumption updates (an unfavorable $78 million, or $0.72 per share, impact from variable annuity persistency assumptions). This filing is a press release furnished under Item 2.02 and is not an audited financial statement; figures are unaudited and subject to revision in the Form 10-Q.

Oct 25, 2023 8-K

Shareholder MattersExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jul 26, 2023)

Ameriprise Financial (AMP) reported second-quarter 2023 results that were strong on an adjusted basis and mixed on a GAAP basis. Adjusted operating earnings per diluted share were $7.44, up 30% year over year, while GAAP diluted EPS was $8.21 versus $5.37, a gain driven mainly by market-driven changes in the valuation of derivatives and market risk benefits rather than core operations. Adjusted operating ROE excluding AOCI was 51%, and total AUM and AUA reached $1.3 trillion, up 9%. Wealth Management (Advice & Wealth Management) was the standout segment. Adjusted operating net revenue rose 14% to $2.3 billion, pretax adjusted operating earnings grew 49%, and the pretax adjusted operating margin hit a record 31.2%. Total client net flows were $9.4 billion, and Ameriprise Bank and Certificate Company assets grew 53% year over year. Investors should note that the Asset Management segment was weaker: net outflows of $5.3 billion, adjusted operating revenue down 8%, and pretax earnings down 27%, with the net pretax margin falling to 29.8% from 38.5%. Management also cited integration costs of $20 million after tax tied to the BMO EMEA acquisition. Capital return remained substantial. The company returned $638 million to shareholders (79% of adjusted operating earnings) and authorized a new $3.5 billion share repurchase program through September 30, 2025. Excess capital was $1.3 billion, and the operating effective tax rate was guided to 20% to 21% for the second half and full year 2023.

Jul 26, 2023 8-K/A

AMERIPRISE FINANCIAL INC 8-K/A Report, Shareholder Vote Results (Jun 8, 2023)

This filing is an amendment to a previous 8-K report filed by Ameriprise Financial, Inc. (AMP) regarding its annual shareholder meeting. The primary purpose of this amendment is to update investors on the Board of Directors' decision concerning the frequency of the advisory "say on pay" vote. Following the shareholder vote at the April 26, 2023 meeting, which indicated a preference for an annual vote on executive compensation, the Board has formally adopted this annual frequency. This decision provides clarity for investors regarding the ongoing process for advisory votes on executive compensation. It signifies that shareholders' input on this matter has been heard and acted upon by the Board, aligning the company's practice with the stated preference of its security holders. This is a routine but important update concerning corporate governance and shareholder engagement.

Jun 8, 2023 8-K

Leadership ChangesShareholder MattersExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Executive Changes (Apr 28, 2023)

This 8-K filing from Ameriprise Financial, Inc. (AMP) details the outcomes of its Annual Meeting of Shareholders held on April 26, 2023. The primary focus for investors is the shareholder approval of the amended and restated 2005 Incentive Compensation Plan (the "2023 Restated Plan"). This plan governs executive and employee compensation and its approval is a key governance item. Additionally, the filing confirms the election of all eight director nominees and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2023. The company also received advisory approval for the compensation of its named executive officers, with shareholders voting in favor of annual approval for executive compensation frequency.

Apr 28, 2023 8-K

Regulation FDExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Apr 24, 2023)

Ameriprise Financial (AMP) reported first quarter 2023 results on April 24, 2023, with adjusted operating EPS of $7.25, up 25% year over year, while GAAP EPS fell 47% to $3.79. The gap is driven mainly by market-related non-cash items: a $475 million pretax charge from the market impact on non-traditional long-duration products (variable annuity and UL guarantees) hit GAAP results, while GAAP net income dropped 49% to $417 million. Management characterized the quarter as strong operationally, emphasizing record Wealth Management margins and resilient client flows despite a difficult market backdrop. Investors should focus on the adjusted metrics for underlying performance, but also note that the non-GAAP definitions and new 'available capital for capital adequacy' measure were introduced or changed this quarter. Wealth Management (Advice & Wealth Management) was the standout. Pretax adjusted operating earnings rose 58% to $693 million, producing a record 30.6% pretax margin, while total client net flows increased 18% to $12.3 billion. Bank and certificate company assets grew 67% to $32.9 billion, driven by higher rates that boosted net investment income. Offsetting this, Asset Management was weak: adjusted operating earnings fell 42% to $165 million, AUM dropped 13% to $608 billion, and retail outflows reached $4.5 billion as market depreciation, FX translation, and redemptions weighed on results. Retirement & Protection Solutions earnings rose 11%, though sales declined, and the company disclosed a new Comerica investment program partnership expected to close by year-end. Capital management remained a central theme. Ameriprise returned $641 million to shareholders in the quarter (dividends of $138 million and buybacks of $503 million) and announced an 8% dividend increase to $1.35 per share, its 19th increase since becoming public in 2005. Excess capital was $1.3 billion. Total long-term debt rose to $5.9 billion, including $2.4 billion of consolidated investment entity debt, and Ameriprise Financial senior notes increased to $3.55 billion, lifting the debt-to-capital ratio to 46.2% from 42.6% at year-end 2022 and warranting attention to leverage going forward.

Apr 24, 2023 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Regulation FD Disclosure (Apr 13, 2023)

On April 13, 2023, Ameriprise Financial (AMP) furnished Exhibit 99.1 under Item 7.01 (Regulation FD), a Tables Supplement that recasts its 2021 and 2022 results to reflect the adoption of FASB's long-duration insurance accounting standard (LDTI), effective January 1, 2023, with a January 1, 2021 transition date. The company says the recast is voluntary and for comparative purposes only. It begins reporting under LDTI in Q1 2023, and the update does not affect cash flows, insurance subsidiaries' dividend capacity, or regulatory capital. The information is furnished rather than filed, so it is not subject to Section 18 liability. On the recast basis, full-year 2022 GAAP net income was $3,149 million, down 8% from $3,417 million in 2021, and GAAP diluted EPS was $27.70, down 3%. Adjusted operating earnings rose 10% to $2,885 million, and adjusted operating EPS rose 16% to $25.37. Excluding annual unlocking, adjusted operating earnings grew 3% to $2,778 million and EPS grew 8% to $24.43. Total net revenues increased 7% to $14,258 million, helped by distribution fees (up 6%) and other revenues (up 29%), while management and financial advice fees fell 3%. Diluted weighted average shares fell 5% to 113.7 million, which supports per-share results. For investors, the key takeaway is that the LDTI recast changes the GAAP picture substantially, mainly through market risk benefit fair value swings, which moved from a $113 million benefit in 2021 to a $311 million expense in 2022. Adjusted operating metrics show steadier underlying growth, though the 2022 comparison includes an unlocking charge that flatters the headline growth rate, so the ex-unlocking figures are the better guide to trend. The supplement is a comparative preview, and the 2023 results under LDTI will be the next real test.

Apr 13, 2023 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Corporate Update (Mar 9, 2023)

Ameriprise Financial, Inc. (AMP) has filed an 8-K report detailing a significant debt issuance. On March 5, 2023, the company successfully issued $750 million in aggregate principal amount of 5.150% Senior Notes due 2033. This offering was conducted under an Underwriting Agreement dated March 6, 2023, with a syndicate of underwriters led by Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC. This debt issuance is a notable event for investors as it indicates the company's strategy to raise capital. The proceeds from these notes will likely be used for general corporate purposes, potentially including funding growth initiatives, acquisitions, or refinancing existing debt. Investors should note the coupon rate of 5.150% and the 10-year maturity, which provide context for the cost of capital and the company's long-term financial planning.

Mar 9, 2023 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jan 25, 2023)

Ameriprise Financial (AMP) reported fourth quarter 2022 results on January 25, 2023, with adjusted operating EPS of $6.94, up 13% year over year, and full-year adjusted operating EPS excluding unlocking of $25.14, up 11% to a record. GAAP EPS was $4.43 for the quarter (down 26%, largely due to derivative valuation market impacts) and $22.51 for the full year (down 2%). Pretax adjusted operating earnings rose 9% to a record $973 million, and the company returned $2.4 billion to shareholders for the year, about 85% of earnings, including $1.9 billion in buybacks. The Advice & Wealth Management segment was the clear driver. Pretax adjusted operating earnings rose 41% to $665 million, and the segment margin reached a record 29.9%. Total client flows were $12.4 billion in the quarter and a record $42.5 billion for the year, and Ameriprise Bank and Certificate Company assets grew to $29 billion. Rising rates lifted cash yields sharply, with the average gross yield on AWM cash balances rising to 373 bps from 62 bps a year earlier. The picture was weaker elsewhere. Asset Management pretax adjusted operating earnings fell 56% to $146 million on market depreciation, net outflows, and lower performance fees, and total AUM dropped 23% to $584 billion. Total AUM and AUA fell 17% to $1.18 trillion, and total Ameriprise Financial long-term debt to capital rose to 43.8% from 32.3% a year earlier, largely reflecting lower equity from accumulated other comprehensive income losses. Investors will also want to watch the BMO EMEA integration, which carried $12 million of costs in the quarter.

Jan 25, 2023 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Oct 25, 2022)

Ameriprise Financial (AMP) reported third-quarter 2022 results on October 25, 2022, with adjusted operating EPS excluding unlocking of $6.43, up 9% year over year, and GAAP EPS of $4.86, down 44% from $8.65 a year earlier. The GAAP decline mainly reflects the prior-year gain on the fixed annuity reinsurance (block transfer) transaction, which does not recur. Reported adjusted operating EPS was $5.24, down 11%, because the annual actuarial assumption update and model changes cost $134 million, or $1.19 per share, in the quarter. The quarter's operating picture was mixed. Advice & Wealth Management pretax adjusted operating earnings rose 30% to $595 million, with a 27.8% margin, helped by $11.2 billion of total client net flows and higher interest rates on cash balances. Ameriprise Bank nearly doubled to $18.6 billion in assets, and the average gross yield on cash rose to 251 basis points from 64 a year earlier. Asset Management was weaker: pretax adjusted operating earnings fell 33% to $191 million on market depreciation, FX translation and $2.4 billion of net outflows, with retail outflows of $5.3 billion. Retirement & Protection Solutions reported pretax adjusted operating earnings of $31 million, down 83%, but excluding unlocking it was $203 million, up 6%. For investors, the key points are the sharp drop in assets under management and administration to $1.1 trillion (down 9%) despite strong flows, the rise in leverage (long-term debt to capital rose to 46.4% from 33.2% a year earlier, largely from consolidated investment entity debt and lower equity after AOCI losses), and the company's continued capital return of $632 million in the quarter, on track to return about 90% of adjusted operating earnings in 2022.

Oct 25, 2022 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Executive Changes (Sep 12, 2022)

Ameriprise Financial, Inc. (AMP) announced a change in its Board of Directors composition. Lon Greenberg will be resigning from the Board effective September 14, 2022, due to personal commitments, with no stated disagreements with the company. In a related development, the Board has appointed Armando Pimentel, Jr. as a new director, effective September 15, 2022. Mr. Pimentel brings extensive executive experience, having previously served as CEO of NextEra Energy Resources and in senior finance roles at NextEra Energy, Inc. His appointment strengthens the Board's expertise, particularly with his inclusion on the Audit and Risk Committee. Mr. Pimentel will participate in the company's standard outside director compensation program.

Sep 12, 2022 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jul 26, 2022)

Ameriprise Financial (AMP) reported second-quarter 2022 results on July 26, 2022, with adjusted operating EPS of $5.81, up 10% year over year, and GAAP EPS of $6.61, up 35%. GAAP net income rose 28% to $756 million, helped mainly by lower market impact on derivatives and non-traditional long-duration products versus the prior-year quarter. Adjusted operating net revenue grew 3% to $3.5 billion, while adjusted operating earnings rose 4% to $665 million. Management described a challenging environment in which equity market depreciation (the S&P 500 period-end level fell 12% year over year) and elevated volatility weighed on asset-based revenue, partly offset by higher interest earnings from rising rates. Segment performance was mixed. Advice & Wealth Management pretax adjusted operating earnings rose 16% to $492 million, with pretax margin expanding 250 basis points to 23.9%, helped by client net inflows of $8.6 billion and higher yields on cash balances (average gross yield of 130 bps versus 63 bps a year earlier). Asset Management pretax adjusted operating earnings fell 12% to $222 million on net outflows of $3.1 billion, with retail outflows of $5.8 billion offsetting institutional inflows of $3.9 billion. Retirement & Protection Solutions earnings declined 2% to $179 million, and variable annuity sales fell 29%. Total AUM and AUA fell 3% year over year to $1.17 trillion. Capital return remained a priority: the company returned $600 million to shareholders in the quarter and reiterated plans to return about 90% of operating earnings in 2022. Diluted share count fell 6% year over year to 114.4 million, supporting per-share results. Leverage rose, with the debt-to-capital ratio reaching 39.6% after senior notes increased to $2.8 billion, and management guided the second-half operating tax rate to 20% to 21%.

Jul 26, 2022 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Executive Changes (Jun 27, 2022)

Ameriprise Financial, Inc. (AMP) filed an 8-K report on June 27, 2022, primarily to disclose changes in its financial leadership. The report details the transition of its Principal Accounting Officer role. John Hutt, who was previously promoted to Executive Vice President – Finance, will continue as the Principal Accounting Officer until a permanent replacement is found. Effective July 1, 2022, Dawn Brockman will step into the role of Interim Controller and Principal Accounting Officer. Ms. Brockman has a strong internal track record, having served as Vice President Finance - Controllership since November 2019, and prior to that, in other significant financial roles within the company since 2013. This appointment ensures continuity in financial reporting and oversight during this transition period.

Jun 27, 2022 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Corporate Update (May 13, 2022)

Ameriprise Financial, Inc. (AMP) announced on May 13, 2022, the successful issuance of $500 million in 4.500% Senior Notes due 2032. This debt offering was executed under an underwriting agreement with several prominent financial institutions, including BofA Securities, Citigroup, J.P. Morgan, and Wells Fargo. The notes were registered under a Form S-3 registration statement, indicating that the company has an established process for public offerings. This issuance represents a strategic move by Ameriprise to access capital markets, likely for general corporate purposes, potential acquisitions, or to refinance existing debt. The senior note structure suggests a commitment to unsecured borrowing, and the coupon rate of 4.500% provides a clear cost of debt for the company over the next decade. Investors should monitor how this new debt impacts the company's leverage ratios and overall financial flexibility.

May 13, 2022 8-K

Shareholder Matters

AMERIPRISE FINANCIAL INC 8-K Report, Shareholder Vote Results (Apr 29, 2022)

This 8-K filing reports on Ameriprise Financial Inc.'s (AMP) 2022 annual stockholder meeting held on April 27, 2022. The meeting saw strong participation, with approximately 86.8% of outstanding shares represented. Key outcomes include the election of all eight director nominees for a one-year term, the advisory approval of executive compensation, and the ratification of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2022. Investors should note the overwhelmingly positive voting results for director elections and the ratification of the auditor, indicating general shareholder confidence in the board and financial oversight. While executive compensation was approved on an advisory basis, the voting results show a notable percentage of votes against, which is a point of consideration for ongoing governance. The substantial broker non-vote across all proposals suggests that a significant portion of shares held in "street name" did not have voting instructions provided.

Apr 29, 2022 8-K

Leadership ChangesExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Apr 25, 2022)

Ameriprise Financial (AMP) reported first quarter 2022 results on April 25, 2022, delivering adjusted operating EPS of $5.98, up 10% from $5.43 a year earlier, and GAAP EPS of $6.55 versus $3.58. GAAP net income rose 74% to $761 million, though much of the GAAP improvement reflects a swing in market impacts on derivatives and non-traditional long-duration products rather than purely operating strength. Adjusted operating earnings grew a more modest 5% to $695 million, and the prior-year comparison was flattered by $36 million after-tax of favorable long-term care results. Excluding that benefit, adjusted operating EPS grew 16%. Total assets under management and administration rose 17% to $1.34 trillion. The quarter's core engine was Advice & Wealth Management, where pretax adjusted operating earnings rose 13% to $440 million on 9% revenue growth and total client net flows of $10.4 billion. Asset Management was the standout segment, with pretax adjusted operating earnings up 25% to $285 million, helped by the BMO EMEA acquisition, strong performance fees and market appreciation, though it posted net outflows of $0.7 billion overall, driven by $1.9 billion of retail outflows. Retirement & Protection Solutions earnings rose 4%, but sales fell 25%, with variable annuity sales down 27% amid market dislocation and the discontinuation of living benefit riders. Management highlighted an 11% increase in the quarterly dividend to $1.25 per share, the company's 18th increase since going public in 2005, and a plan to return approximately 90% of capital to shareholders in 2022. The company returned $562 million in the quarter. Management also guided that the full-year operating effective tax rate will exceed 19%, up from the 17.3% recorded in Q1 2022.

Apr 25, 2022 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Executive Changes (Mar 18, 2022)

This 8-K filing from Ameriprise Financial, Inc. (AMP) primarily reports on a key executive change within its finance department. John Hutt, previously the Senior Vice President, Corporate Finance, Controller, and Principal Accounting Officer, has been promoted to Executive Vice President – Finance. This promotion signifies a move towards greater responsibility within the company's financial leadership. While Mr. Hutt will be transitioning out of his Controller role later this year, he will continue to serve as the Principal Accounting Officer until a successor is appointed. This transition indicates a planned succession and ensures continuity in financial reporting oversight. Investors should monitor the company's future communications for the appointment of a new Controller and any further implications of this organizational adjustment.

Mar 18, 2022 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jan 26, 2022)

Ameriprise Financial (AMP) reported fourth-quarter 2021 results on January 26, 2022, via an 8-K furnishing its earnings press release (Exhibit 99.1). GAAP net income per diluted share was $5.96 versus $1.43 a year earlier, while adjusted operating EPS was a record $6.15, up 36%. Full-year adjusted operating EPS excluding Q3 unlocking rose 35% to $22.75, and full-year GAAP EPS climbed 89% to $23.00. Management highlighted record client flows and assets, with total AUM and AUA reaching $1.42 trillion, helped by the November 2021 acquisition of BMO's EMEA asset management business ($136 billion of acquired assets). The quarter's growth was led by Wealth and Asset Management, which generated roughly 81% of pretax adjusted operating earnings. Advice & Wealth Management pretax adjusted operating earnings rose 34% to a record $472 million, with total client flows of $12.5 billion and wrap net flows of $10.5 billion. Asset Management pretax adjusted operating earnings rose 64% to $330 million on $27.5 billion of net inflows, including about $15 billion tied to BMO-related transfers. Retirement & Protection Solutions was roughly flat, as the company continues shifting away from living-benefit variable annuities, with a full exit from new sales planned by mid-2022. Capital deployment remained significant: Ameriprise returned $630 million to shareholders in the quarter ($2.4 billion for the year, nearly 90% of adjusted operating earnings) and announced a new $3.0 billion share repurchase authorization running through March 31, 2024. The filing itself is a routine Item 2.02 disclosure; the figures above come from the attached press release, and results are unaudited and subject to revision in the 2021 Form 10-K.

Jan 26, 2022 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Oct 26, 2021)

Ameriprise Financial (AMP) reported record third-quarter 2021 results, with GAAP net income of $1,031 million ($8.65 per diluted share) versus a loss of $140 million ($1.14 per share) a year earlier. The GAAP figure was lifted by the fixed annuity reinsurance transaction with Global Atlantic's Commonwealth Annuity and Life Insurance Company, which closed in the quarter and produced a $521 million block transfer impact. Management emphasized that the underlying business is strengthening: adjusted operating earnings per diluted share excluding unlocking rose 38% to $5.91, and pretax adjusted operating earnings excluding unlocking grew 28% to $858 million. Wealth and Asset Management together delivered 80% of adjusted operating earnings. Operating momentum was strong across the core franchises. Total client assets in Advice & Wealth Management reached $811 billion, up 22%, with $10.0 billion of client net flows and $9.4 billion of wrap net flows. Asset Management AUM grew 17% to $583 billion, and segment net inflows were $3.9 billion, or $5.3 billion excluding legacy insurance partner outflows. Total AUM and AUA reached $1.2 trillion, up 21%. Capital returned to shareholders totaled $666 million, equal to 95% of adjusted operating earnings, and excess capital was reported at $2.7 billion. The main caveats are that the quarter's GAAP profitability is heavily influenced by one-time reinsurance and market-driven items, so investors should focus on adjusted measures and the trajectory of organic growth. Cash balances remain elevated at $40.1 billion, and the company's comments suggest a possible future redeployment into client investments, though management did not quantify timing. Retirement and Protection Solutions earnings excluding unlocking declined 7% year over year, and the shift away from living-benefit guaranteed products continues to shape that segment's outlook.

Oct 26, 2021 8-K

Leadership ChangesRegulation FDExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jul 26, 2021)

Ameriprise Financial (AMP) reported strong second-quarter 2021 results, with GAAP EPS of $4.88 and adjusted operating EPS of $5.27, up 100% from $2.64 in the prior year (and up 39% excluding the prior-year NOL tax impact of $1.14 per share). Adjusted operating net revenue rose 22% to $3.4 billion, driven by organic growth, and total assets under management and administration reached a record $1.2 trillion, up 28%. Management highlighted over $16 billion of client net inflows across Advice & Wealth Management and Asset Management, and Advice & Wealth Management pretax adjusted operating earnings grew 56% to $423 million. GAAP net income was $591 million, held back by market-driven derivative valuation changes, and the company returned $585 million to shareholders, equal to 92% of adjusted operating earnings. The quarter also featured two significant strategic actions: a reinsurance transaction covering approximately $8.0 billion of fixed annuities, expected to free up about $700 million of capital (the RiverSource Life portion closed in July), and the pending acquisition of BMO's EMEA asset management business, targeted to close in Q4 2021. Together these moves are intended to add capabilities in attractive market segments and reduce the company's risk profile. The company's asset-light Advice & Wealth Management and Asset Management segments generated nearly 80% of revenue and pretax earnings. For investors, the key considerations are the sustainability of the strong organic growth and market-driven fee revenue, the elevated sensitivity of GAAP results to derivative valuations, and execution on the BMO integration. Management's full-year operating effective tax rate guidance of approximately 17% and continued shift toward lower-risk retirement products provide additional context for forward earnings and risk profile.

Jul 26, 2021 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Executive Changes (Jun 30, 2021)

Ameriprise Financial (AMP) filed a Form 8-K on June 30, 2021 disclosing a planned leadership transition at Columbia Threadneedle Investments, the company's global asset management group. Colin Moore, Executive Vice President and Global Chief Investment Officer, will retire in January 2022 after nearly 20 years at the firm. Consistent with long-standing succession planning, William Davies, currently EMEA CIO and Global Head of Equities, will succeed him as Global CIO upon Moore's retirement. For investors, this is a planned, orderly succession rather than a disruptive departure. Davies has been with the firm since 1994 and already oversees the company's global equity investment teams, which suggests continuity in the investment process that Moore helped build around cross-asset collaboration, research intensity, and independent oversight. The company cites 103 four- and five-star Morningstar-rated funds globally as of March 31, 2021, and about 450 investment professionals, though the filing itself contains no financial metrics, guidance, or material financial impact disclosure. The filing is largely informational. It was made under Item 5.02(b) for the officer departure and Item 7.01 (Regulation FD) for the accompanying press release. Investors should monitor whether the transition affects fund flows or performance in the Columbia Threadneedle platform, but the announcement itself does not indicate a change in Ameriprise's financial outlook.

Jun 30, 2021 8-K

Material AgreementsFinancial EventsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Material Agreement (Jun 11, 2021)

Ameriprise Financial, Inc. (AMP) has filed an 8-K report detailing the execution of a fourth amended and restated credit agreement on June 11, 2021. This new agreement replaces a previous one from 2017 and establishes an unsecured revolving credit facility with a principal commitment of up to $1 billion, which can be extended to $1.25 billion under certain conditions. This facility provides AMP with significant financial flexibility for working capital and general corporate purposes. The credit facility is set to expire on June 11, 2026, with potential one-year extensions. The terms include interest rates tied to market rates plus a margin based on AMP's senior unsecured long-term debt rating, and a facility fee on committed amounts. Importantly, the agreement includes financial covenants such as maintaining an interest coverage ratio above 4.00:1.00 and a consolidated leverage ratio not exceeding 3.25:1.00, with provisions for temporary increases post-acquisition. These covenants and other customary clauses (representations, warranties, events of default) are crucial for investors to monitor AMP's financial health and operational constraints.

Jun 11, 2021 8-K

Shareholder Matters

AMERIPRISE FINANCIAL INC 8-K Report, Shareholder Vote Results (Apr 30, 2021)

This 8-K filing from Ameriprise Financial Inc. reports on the outcomes of its 2021 annual stockholder meeting, held on April 27, 2021. The key information for investors revolves around the voting results for director elections, executive compensation, and the ratification of the independent auditor. A substantial majority of outstanding shares were represented, indicating strong shareholder engagement.

Apr 30, 2021 8-K

Regulation FDOther EventsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Apr 26, 2021)

Ameriprise Financial reported first quarter 2021 results on April 26, 2021, with a sharp contrast between GAAP and operating performance. GAAP net income fell 79% to $437 million ($3.58 per diluted share) from $2.036 billion a year earlier, which was inflated by COVID-19-driven market effects on derivatives and variable annuity hedges. Adjusted operating EPS was $5.43, roughly flat on a reported basis but up 27% excluding a $1.12 per-share net operating loss (NOL) tax benefit recognized in the prior-year quarter. The GAAP ROE excluding AOCI was (1.1)% on a trailing basis, versus an adjusted operating ROE of 29.9%, so investors should focus on the adjusted figures while recognizing the GAAP volatility from market-sensitive derivatives. Operationally, the quarter was strong. Adjusted operating net revenue rose 10% to $3.3 billion, and total client assets and AUM/AUA reached a record $1.14 trillion, up 36%. Advice & Wealth Management delivered $9.3 billion of total client net flows, with wrap net flows of $10.4 billion, a record. Asset Management generated $4.9 billion of net inflows, with retail inflows of $4.6 billion, marking a $7.3 billion improvement year over year. G&A rose 7% (2% excluding share-based compensation), and the advisor network grew to 10,031. Capital deployment remained active. Ameriprise returned $491 million to shareholders in the quarter and raised its quarterly dividend 9% to $1.13 per share, its 17th increase in 16 years. The company also announced the approximately $845 million cash acquisition of BMO's EMEA asset management business, which will expand Columbia Threadneedle's European institutional presence. Investors should monitor the integration, the pace of cash redeployment from elevated client cash balances (about $40 billion), and continued growth in the lower-risk retirement product mix.

Apr 26, 2021 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Regulation FD Disclosure (Apr 12, 2021)

On April 12, 2021, Ameriprise Financial (NYSE: AMP) announced a definitive agreement to acquire BMO Financial Group's EMEA asset management business for £615 million (approximately $845 million) in an all-cash transaction. The deal adds $124 billion of AUM in Europe and is expected to close in the fourth quarter of 2021, subject to regulatory approvals in relevant jurisdictions. Management says the acquisition accelerates the strategy of growing fee-based businesses and lifts Columbia Threadneedle Investments' AUM to $671 billion, with EMEA rising to 40% of its total AUM. Combined with BMO's EMEA business, Ameriprise would manage more than $1.2 trillion in assets under management and administration. Strategically, the deal adds specialist capabilities in responsible investing (ESG), liability-driven investing (LDI), outsourced CIO/fiduciary management, and continental European direct real estate, plus traditional asset classes including investment trusts such as F&C Investment Trust. It also creates a strategic relationship with BMO Wealth Management, giving North American wealth clients access to Columbia Threadneedle solutions, and offers the possibility of moving certain U.S. BMO asset management clients to Columbia Threadneedle, subject to client consent. Financially, management expects the transaction to be accretive in 2023 and to generate a 20% internal rate of return. Management states that the company's substantial excess capital and free cash flow leave its capital return strategy on track. The filing's forward-looking statements flag risks including termination of the purchase agreement, integration execution, client and personnel retention, regulatory approval, and cost and timing uncertainty. The filing does not disclose detailed financing sources or pro forma financial metrics beyond the headline figures.

Apr 12, 2021 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jan 27, 2021)

Ameriprise Financial reported fourth-quarter 2020 results on January 27, 2021, with adjusted operating earnings of $559 million, or $4.53 per diluted share, up 8% year over year. GAAP net income fell 62% to $177 million ($1.43 per diluted share), driven mainly by market-related swings in credit spreads and derivative valuations. For full-year 2020, adjusted operating EPS was $14.08, down 13%, though excluding the annual unlocking charge and the Auto & Home business sold in 2019, adjusted EPS rose 4% to $16.86. Management emphasized record assets under management and administration of $1.1 trillion and strong organic growth, while noting that the decline in short-term interest rates reduced adjusted operating earnings by $303 million in 2020. The quarter's operating picture was driven by Advice & Wealth Management, which posted $7.9 billion of wrap net inflows (nearly double the prior year) and total client assets of $732 billion, up 14%. Asset Management pretax adjusted operating earnings rose 13% to $201 million on higher assets and net inflows of $7.0 billion, though performance fees fell sharply to $17 million from $41 million. Retirement & Protection Solutions was roughly flat, with a notable shift in variable annuity sales toward products without living benefit guarantees, which now represent 58% of variable annuity sales. Capital return remained substantial, with $502 million returned to shareholders in the quarter (90% of adjusted operating earnings) and $1.8 billion for the full year. The filing is a Form 8-K furnishing the earnings press release (Exhibit 99.1) and the Fourth Quarter 2020 Statistical Supplement (Exhibit 99.2) under Item 2.02. Because the materials are furnished rather than filed, they are not subject to the liability provisions of Section 18 of the Exchange Act. Investors should note that the GAAP-to-adjusted reconciliation involves significant exclusions, including market impacts on non-traditional long-duration products and mean reversion effects, which materially affect reported earnings.

Jan 27, 2021 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Oct 28, 2020)

Ameriprise Financial reported third quarter 2020 results on October 28, 2020. GAAP net income was a loss of $140 million, or ($1.14) per diluted share, driven mainly by a $442 million pretax unlocking charge on annual insurance and annuity valuation assumptions, a $427 million market impact on variable annuity guaranteed benefits, and volatility in the company's credit spreads and derivatives. Adjusted operating earnings per diluted share were $1.47 on a reported basis. Excluding unlocking, adjusted operating EPS was $4.27, down 1 percent year over year, but up 18 percent when excluding the $116 million year-over-year decline in short-term interest rates, which management presented as a headwind to the comparison. The core businesses showed solid operating momentum. Total client assets in Advice & Wealth Management rose 9 percent to $667 billion, with wrap net flows of $5.2 billion, up 26 percent year over year. Asset Management retail net inflows were $1.7 billion and total segment AUM reached $498 billion. Pretax adjusted operating earnings in Asset Management rose 14 percent, while Advice & Wealth Management earnings fell 19 percent, largely due to lower interest revenue. Retirement & Protection Solutions excluding unlocking grew 14 percent, although protection sales declined 30 percent and indexed UL sales fell 68 percent. Management noted a shift toward retirement products without living benefit guarantees, which reached 56 percent of retirement sales. Capital management remained a central message. Ameriprise returned $448 million to shareholders in the quarter, repurchasing 2.1 million shares, and announced a new $2.5 billion repurchase authorization through September 30, 2022. Management said it expects to return roughly 90 percent of full-year adjusted operating earnings to shareholders, and reported excess capital of $1.7 billion. Investors should weigh the strong capital return and organic flows against persistent headwinds from low interest rates, volatility in variable annuity hedging results, and the GAAP loss.

Oct 28, 2020 8-K

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jul 30, 2020)

Ameriprise Financial reported second quarter 2020 results on July 29, 2020, with a sharp divergence between GAAP and adjusted results. GAAP net income was a loss of $539 million, or -$4.31 per diluted share, versus net income of $492 million ($3.57 per share) a year earlier. The swing was driven mainly by an $988 million pretax market impact on variable annuity guaranteed benefits, which management excludes from adjusted results. Adjusted operating earnings fell 41% year over year to $333 million, or $2.64 per diluted share, compared with $4.06 in 2Q 2019. Management attributed the decline to the Federal Reserve's March rate cuts (about $0.76 per share), a reversal of a first-quarter NOL tax benefit (about $1.14 per share), and lower average equity markets. Underlying operating trends were mixed but showed resilience. Adjusted operating net revenues fell 6% to $2.8 billion, and pretax adjusted operating margin held at about 21%. Wealth Management delivered roughly $4.9 billion of wrap net inflows, and total client assets grew 4% to $630 billion. Asset Management generated $2.6 billion of total net inflows, a $4.5 billion improvement from the prior year. Variable annuity sales fell 17%, and management said more than half of quarterly variable sales carried no living benefit guarantees, a shift toward lower-risk products. Capital return also resumed, with $382 million returned to shareholders through dividends and buybacks and excess capital of $1.9 billion. For investors, the key question is whether the adjusted earnings decline is cyclical or structural. Lower short-term rates and market levels are a headwind that management expects to partially reverse as markets recover, and the tax rate is expected to normalize by year-end. The GAAP loss is primarily a hedging and valuation mark that management views as non-core, but it reflects exposure to the variable annuity guarantee book that investors will continue to monitor.

Jul 30, 2020 8-K