AMP · AMERIPRISE FINANCIAL INC

290 filings

AMP SEC Filings

AMERIPRISE FINANCIAL INC - 290 total filings

Filing record · 2016–202610-K1210-Q328-K88

Showing 1–50 of 290 filings

AMERIPRISE FINANCIAL INC Quarterly Report for Q2 Ended Jun 30, 2026

Ameriprise Financial, Inc. reported solid financial results for the second quarter and the first half of 2026. Total revenues grew to $5.01 billion for the quarter and $9.90 billion for the six months, up 12% and 10% respectively, year-over-year. This growth was primarily driven by increases in management and financial advice fees, reflecting strong market appreciation and net inflows in Advice & Wealth Management, as well as growth in Asset Management. Net income also saw a substantial increase, reaching $1.11 billion for the quarter and $2.03 billion for the six months, up 5% and 23% respectively. The company's Advice & Wealth Management segment showed robust performance with a 16% increase in adjusted operating earnings for the quarter and an 18% increase for the six months, driven by market appreciation and net inflows. The Asset Management segment also delivered strong results with a 23% increase in quarterly adjusted operating earnings and an 18% increase for the six months, benefiting from market appreciation and solid performance in its Seligman strategies. The Retirement & Protection Solutions segment experienced a slight decline in adjusted operating earnings, primarily due to variable annuity net outflows and higher sales volumes, though net investment income saw a notable increase. Overall, the company demonstrates continued growth and profitability, supported by favorable market conditions and effective business strategies.

Aug 4, 2026 8-K

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

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 10-Q

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

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.

May 7, 2026 8-K

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 10-K

AMERIPRISE FINANCIAL INC Annual Report (Amendment), Year Ended Dec 31, 2025

Ameriprise Financial, Inc.'s fiscal year 2025 demonstrated robust financial performance, with total revenues increasing to $18.48 billion, up from $17.26 billion in 2024. This growth was primarily driven by increases in management and financial advice fees, alongside strong performance in net investment income. Net income also saw a healthy rise to $3.56 billion, translating to diluted earnings per share of $36.28. The company maintained a strong capital position, with total equity reaching $6.55 billion. Key financial highlights include solid growth in Advice & Wealth Management, driven by advisory and financial planning fees. The Asset Management segment also showed resilience, with asset management fees contributing significantly. The Retirement & Protection Solutions segment continued to be a substantial contributor to overall revenue. The company's effective tax rate remained stable, and it maintained strong regulatory capital ratios across its various subsidiaries, indicating a sound financial foundation and effective risk management.

Mar 12, 2026 10-K

AMERIPRISE FINANCIAL INC Annual Report, Year Ended Dec 31, 2025

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 billion, 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 trillion, 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 billion. 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.

Feb 19, 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 10-Q

AMERIPRISE FINANCIAL INC Quarterly Report for Q3 Ended Sep 30, 2025

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%.

Oct 31, 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 10-Q

AMERIPRISE FINANCIAL INC Quarterly Report for Q2 Ended Jun 30, 2025

Ameriprise Financial, Inc. (AMP) reported strong financial results for the quarter ending June 29, 2025. Total revenues increased by 2% year-over-year, driven by a 6% rise in management and financial advice fees, reflecting market appreciation and net client inflows in their Advice & Wealth Management segment. Net income saw a significant increase of 28% compared to the prior year, largely due to favorable market impacts on non-traditional long-duration products and a general benefit from higher average equity markets. The company also continued its share repurchase program, repurchasing approximately 1.15 million shares during the quarter. While distribution expenses saw an increase, driven by higher advisor compensation, overall expenses were managed effectively, leading to improved profitability.

Aug 5, 2025 8-K

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 10-Q

AMERIPRISE FINANCIAL INC Quarterly Report for Q1 Ended Mar 31, 2025

Ameriprise Financial, Inc. reported a decrease in net income to $583 million for the first quarter of 2025, down from $990 million in the same period of 2024. This decline was primarily driven by a significant negative impact from market changes on long-duration products, which resulted in a $460 million expense compared to a benefit in the prior year. Despite this, total net revenues saw a healthy increase of 5% to $4.35 billion, driven by growth in management and financial advice fees and distribution fees, reflecting market appreciation and increased client activity. The company's core Advice & Wealth Management segment showed resilience, with adjusted operating earnings increasing by 4% due to higher client assets and advisor productivity. However, the Asset Management segment experienced a decline in net revenue and a rise in adjusted operating earnings, influenced by net outflows and market depreciation, though expense management initiatives provided some offset. The Retirement & Protection Solutions segment reported an 8% increase in adjusted operating earnings, primarily driven by improved investment portfolio yields. Overall, while the company faced headwinds from market volatility impacting its longer-duration products, its diversified business model and focus on core advisory services demonstrated underlying strength.

May 2, 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 10-K

AMERIPRISE FINANCIAL INC Annual Report, Year Ended Dec 31, 2024

Ameriprise Financial, Inc. reported a strong financial performance for the fiscal year ending December 31, 2024, with pretax income increasing by 32% compared to the prior year. This growth was driven by robust net revenues, particularly from management and financial advice fees, which rose by 14% due to market appreciation and consistent client net inflows in the Advice & Wealth Management segment. The company's Asset Management segment also saw an increase in pretax adjusted operating earnings, driven by market appreciation and performance fees, despite facing net outflows. The company's financial health is further underscored by its significant assets under management, administration, and advisement, which grew to $1.5 trillion as of December 31, 2024. Ameriprise Financial continues to manage its capital effectively, returning value to shareholders through dividends and share repurchases. The company also maintains a strong liquidity position and robust capital levels, well in excess of regulatory requirements.

Feb 20, 2025 8-K

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 10-Q

AMERIPRISE FINANCIAL INC Quarterly Report for Q3 Ended Sep 30, 2024

Ameriprise Financial, Inc. (AMP) reported solid results for the third quarter and first nine months of 2024, driven by strong performance in its Advice & Wealth Management and Asset Management segments. Total net revenues for the third quarter increased by 12% year-over-year to $4.4 billion, with a notable 13% increase in Management and financial advice fees. Net income for the quarter was $511 million, a decrease of 41% compared to the prior year, impacted by a significant negative change in the fair value of market risk benefits. However, on an adjusted operating basis, which excludes certain market impacts and realized gains/losses, adjusted operating earnings showed growth, particularly in the Asset Management segment (up 23% year-over-year for the quarter). Assets under management and administration (AUM/AUA) saw a robust 22% increase to $1.5 trillion, reflecting positive market performance and continued client inflows. The company continues to focus on enhancing operational efficiency and advisor productivity. The company's capital position remains strong, with available capital for capital adequacy of $5.5 billion as of September 30, 2024. Ameriprise also returned capital to shareholders through dividends and share repurchases, demonstrating a commitment to shareholder value. While the company faces ongoing market volatility and regulatory scrutiny, its diversified business model and strategic initiatives position it to navigate these challenges.

Nov 1, 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 10-Q

AMERIPRISE FINANCIAL INC Quarterly Report for Q2 Ended Jun 30, 2024

Ameriprise Financial, Inc. (AMP) reported solid financial results for the quarter and six months ended June 30, 2024. Total net revenues increased by 9% year-over-year for the quarter, driven by higher management and financial advice fees, net investment income, and distribution fees. Pretax income saw a slight decrease of 7% for the quarter, primarily due to unfavorable market impacts on non-traditional long-duration products, but showed a significant increase of 40% for the six-month period. The company's Advice & Wealth Management segment demonstrated strong growth, with adjusted operating earnings up 12% year-over-year for the quarter, supported by rising wrap account assets and increased transactional activity. The Asset Management segment also saw a notable 35% increase in adjusted operating earnings for the quarter, benefiting from equity market appreciation and effective expense management, despite some net outflows. The Retirement & Protection Solutions segment experienced a modest 4% increase in adjusted operating earnings for the quarter, driven by higher interest rates and market appreciation. Ameriprise Financial continues to focus on operational efficiency and growth initiatives, with substantial assets under management and administration totaling $1.43 trillion. The company also actively returned capital to shareholders through dividends and share repurchases, underscoring its commitment to enhancing shareholder value.

Aug 6, 2024 8-K

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 10-Q

AMERIPRISE FINANCIAL INC Quarterly Report for Q1 Ended Mar 31, 2024

Ameriprise Financial, Inc. (AMP) reported strong financial results for the first quarter of 2024, with a significant increase in pretax income driven by favorable market conditions and effective management of its business segments. Total net revenues grew by 11% year-over-year to $4.15 billion, propelled by a 12% increase in management and financial advice fees and a substantial 29% rise in net investment income. The company also benefited from a significant positive swing in the market impact on non-traditional long-duration products, which swung from an expense in the prior year to a benefit in the current quarter. Expenses were managed effectively, with total expenses decreasing by 10% year-over-year, primarily due to a favorable change in the market impact on variable annuity guaranteed benefits and a decrease in the change in fair value of market risk benefits. Key financial metrics like adjusted operating earnings and adjusted operating return on equity remained robust, reflecting the company's consistent performance and strategic execution. The company also continued its capital return program through share repurchases and dividends, demonstrating a commitment to shareholder value. Investors should note the company's strong asset growth and positive outlook, though continued monitoring of market volatility and interest rate environments is warranted.

May 6, 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 10-K

AMERIPRISE FINANCIAL INC Annual Report, Year Ended Dec 31, 2023

Ameriprise Financial, Inc. reported solid performance in its 2023 10-K filing. The company experienced significant growth in Assets Under Management and Administration (AUMA), reaching $1.4 trillion, a 15% increase year-over-year, primarily driven by market appreciation and net inflows in its Wealth Management segment. The company's adjusted operating earnings and adjusted operating return on equity demonstrate strong profitability. Despite a challenging economic environment with rising interest rates and market volatility, Ameriprise's diversified business model, strong advisor network, and focus on client relationships have enabled it to navigate these conditions effectively. The company continues to execute its strategic growth initiatives, with a particular emphasis on its Advice & Wealth Management segment, which showed a substantial 30% increase in adjusted operating earnings. The Asset Management segment saw a decrease in adjusted operating earnings due to net outflows, while Retirement & Protection Solutions also experienced a decline in earnings, largely influenced by market impacts on variable annuity benefits. The company's capital position remains robust, with available capital for capital adequacy well above regulatory requirements, supported by consistent dividend payments to shareholders and ongoing share repurchase programs.

Feb 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 10-Q

AMERIPRISE FINANCIAL INC Quarterly Report for Q3 Ended Sep 30, 2023

Ameriprise Financial, Inc. reported solid results for the third quarter and first nine months of 2023, demonstrating resilience and growth across its key segments. Total net revenues increased by 13% year-over-year for the quarter and 9% for the nine-month period, driven by robust net investment income and growth in management and financial advice fees, particularly within the Advice & Wealth Management segment. Despite an unfavorable market impact on long-duration products and an increase in certain benefits and claims expenses, the company's adjusted operating earnings showed strength, especially in the Advice & Wealth Management segment, which benefited from higher interest rates and increased client deposits. The company continues to focus on optimizing its business mix, shifting away from products with living benefit guarantees and strengthening its core advisory and wealth management capabilities. Significant strategic initiatives include ongoing investments in business growth, managing expenses effectively, and returning capital to shareholders through dividends and share repurchases. Ameriprise Financial's capital position remains strong, supporting its strategic objectives and ongoing operations.

Nov 2, 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 10-Q

AMERIPRISE FINANCIAL INC Quarterly Report for Q2 Ended Jun 30, 2023

Ameriprise Financial, Inc. (AMP) reported solid results for the second quarter of 2023. Total revenues increased by 11% year-over-year to $3.88 billion, primarily driven by a significant 64% increase in Net Investment Income, bolstered by rising interest rates and growth in banking and certificate products. This was partially offset by a decrease in Management and Financial Advice Fees, largely due to net outflows in the Asset Management segment and market depreciation. Net income saw a substantial 45% increase to $890 million, or $8.21 per diluted share. The company also demonstrated strong capital management, repurchasing approximately $1.6 billion in common stock during the quarter and announcing an additional $3.5 billion repurchase authorization. The Advice & Wealth Management segment was a key driver of growth, with adjusted operating earnings increasing 49% year-over-year, benefiting from higher short-term interest rates and increased deposit balances.

Aug 8, 2023 8-K

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

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 10-Q

AMERIPRISE FINANCIAL INC Quarterly Report for Q1 Ended Mar 31, 2023

Ameriprise Financial, Inc. (AMP) reported a decrease in net income for the first quarter of 2023 to $417 million, or $3.79 per diluted share, compared to $825 million, or $7.10 per diluted share, in the prior year period. This decline was primarily driven by significant unfavorable market impacts on non-traditional long-duration products, which resulted in a $475 million expense compared to a benefit in the prior year, and lower average equity markets. Despite the overall profit decline, net revenues saw a modest increase of 3% to $3.74 billion, bolstered by strong growth in banking and deposit interest income and higher distribution fees, reflecting rising interest rates. The company continues to focus on its core operations, with the Advice & Wealth Management segment showing robust growth in adjusted operating earnings due to higher interest rates benefiting bank and certificate products. However, the Asset Management segment experienced a decline in adjusted operating earnings, largely due to market depreciation and net outflows. The company maintained a strong capital position, with Available Capital for Capital Adequacy at $5.38 billion as of March 31, 2023, and continues to return capital to shareholders through dividends and share repurchases. Investors should note the significant impact of market fluctuations on the company's earnings, particularly the "market impact on non-traditional long-duration products." While net income declined year-over-year, the underlying business drivers, such as deposit growth and strategic repositioning of investment portfolios, demonstrate resilience in a higher interest rate environment. The company's focus on shifting its business mix away from products with living benefit guarantees is a key long-term strategic initiative to watch.

May 2, 2023 8-K

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

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 10-K

AMERIPRISE FINANCIAL INC Annual Report, Year Ended Dec 31, 2022

Ameriprise Financial, Inc. (AMP) reported strong results in its 2022 10-K filing, driven by its Advice & Wealth Management segment, which saw a 26% increase in adjusted operating earnings. Despite a challenging market environment, the company maintained a robust financial position, with assets under management and administration totaling $1.2 trillion as of December 31, 2022. The company continues to focus on its strategy of shifting its business mix towards lower-capital, fee-based businesses. The company demonstrated resilience in its financial performance, with total net revenues increasing by 6% to $14.27 billion. While net investment income saw a decline, this was offset by growth in distribution fees and other revenues. Ameriprise Financial also remains committed to shareholder returns, announcing a quarterly dividend and continuing its share repurchase program. The company's diversified business model and strong advisor network position it well for continued growth and stability in the evolving financial services landscape.

Feb 23, 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 10-Q

AMERIPRISE FINANCIAL INC Quarterly Report for Q3 Ended Sep 30, 2022

Ameriprise Financial, Inc. (AMP) reported a decrease in net income for the third quarter of 2022 compared to the same period in the prior year, driven by significant unfavorable market impacts on its long-duration products and lower net investment income. Despite these challenges, total net revenues saw a notable increase of 20% year-over-year, primarily due to higher interest income on banking and deposit products and an increase in distribution fees, reflecting higher short-term interest rates. The company continued its strategic focus on higher-return, lower-risk business, including discontinuing certain variable annuity and insurance products with living benefit guarantees. The nine-month period also showed a slight increase in net income, with strong performance in the Advice & Wealth Management segment offsetting declines in Asset Management and Retirement & Protection Solutions. The company's liquidity remains strong, with significant cash and cash equivalents, and it continues to execute its share repurchase program. Investors should monitor the company's exposure to market volatility, particularly in its variable annuity and insurance product lines, and the impact of rising interest rates on its investment income and funding costs.

Nov 2, 2022 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 10-Q

AMERIPRISE FINANCIAL INC Quarterly Report for Q2 Ended Jun 30, 2022

Ameriprise Financial, Inc. reported solid financial results for the second quarter and first half of 2022, demonstrating resilience amidst market volatility. Total net revenues increased to $3.51 billion for the quarter and $7.16 billion for the six months, driven by growth in management and financial advice fees, alongside a favorable impact from rising interest rates. Net income saw a significant increase, up 28% to $756 million for the quarter and 48% to $1.52 billion for the first half, largely due to a substantial reduction in benefits, claims, losses, and settlement expenses. The company's Advice & Wealth Management segment showed strong performance, with adjusted operating earnings up 16% for the quarter, driven by higher average wrap account balances and favorable interest rates. The Asset Management segment, while facing headwinds from market depreciation and net outflows, reported a 5% increase in adjusted operating earnings for the first half, supported by the BMO Global Asset Management (EMEA) acquisition and higher performance fees. The Retirement & Protection Solutions segment's adjusted operating earnings remained stable. Overall, Ameriprise Financial continues to navigate the current economic landscape effectively, with a strategic focus on optimizing its product mix towards lower-risk offerings and maintaining robust capital levels.

Aug 1, 2022