0000820027false00008200272024-07-242024-07-24

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 24, 2024
AMERIPRISE FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-3252513-3180631
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
1099 Ameriprise Financial CenterMinneapolisMinnesota55474
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code612671-3131
Former name or former address, if changed since last report:
Not Applicable
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol Name of each exchange on which registered
Common Stock (par value $.01 per share)
AMP
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐




Item 2.02      Results of Operations and Financial Condition.
 
Ameriprise Financial, Inc. furnishes herewith, on Exhibit 99.1, a press release issued July 24, 2024 announcing its financial results for the second quarter of 2024.

 
Item 9.01      Financial Statements and Exhibits.
 
(d)         Exhibits.
 
Exhibit No. Description
   
 Press Release dated July 24, 2024 announcing financial results for the second quarter of 2024
Exhibit 104
Cover page Interactive Data File (embedded within the Inline eXtensible Business Reporting Language)


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 AMERIPRISE FINANCIAL, INC.
 (Registrant)
   
   
Date:July, 24 2024By:/s/ Walter S. Berman
  Walter S. Berman
  Executive Vice President and
  Chief Financial Officer


ameriprise_bluexlogoxregula.jpg
Ameriprise Financial, Inc.
Minneapolis, MN
NYSE: AMP
July 24, 2024


Ameriprise Financial Reports
Second Quarter 2024 Results
Earnings Per Diluted Share
Return on Equity, ex AOCI (1)
Q2 2024
Q2 2024
GAAP$8.02GAAP45.9%
Adjusted Operating
$8.53
Adjusted Operating
48.9%
Adjusted Operating, excluding severance expense
$8.72


•Second quarter adjusted operating earnings per diluted share was $8.53. Adjusted operating EPS grew 17 percent to $8.72 excluding $0.19 of severance expense associated with the company’s initiatives to enhance operational efficiency and effectiveness.
Perspective from Jim Cracchiolo, Chairman and Chief Executive Officer
“Ameriprise delivered another good quarter and a strong first half of the year.

Our financial results were excellent, reflecting robust revenue growth, ongoing expense discipline and effective capital management.

Client activity and flows into fee-based investment advisory accounts were up nicely as clients begin to put money back to work.

Ameriprise has a powerful and differentiated financial foundation. Our business generates significant free cash flow that we consistently invest in our capabilities, solutions, and people and return to shareholders. In the quarter, we committed $693 million to share repurchases and dividends, which is consistent with our plans, while still maintaining a strong excess capital position.

We’re positioned well as we move through the second half of the year, and I feel very good about our focus and how we’re executing. I’d highlight that Ameriprise celebrated our 130-year anniversary in June, joining a select number of firms with this legacy of success. It provided the opportunity for us to both reflect on our history of serving clients’ most important financial needs and our significant opportunity ahead.”


•Second quarter GAAP net income per diluted share was $8.02 compared to $8.21 a year ago, primarily from market impacts on the valuation of derivatives and market risk benefits.
•Assets under management and administration reached $1.4 trillion, up 12 percent from strong client net inflows and market appreciation.
•Adjusted operating net revenues increased 9 percent from organic growth, strong equity markets and higher spread revenues.
•General and administrative expenses were flat to a year ago demonstrating our continued focus on operational efficiency and effectiveness.
•Pretax adjusted operating margin was 26.8 percent and adjusted operating return on equity was 48.9 percent.
•The company returned $693 million of capital to shareholders in the quarter, demonstrating its balance sheet strength and strong free cash flow generation.










(1) Return on equity excluding AOCI is calculated on a trailing 12-month basis.
1

Ameriprise Financial, Inc.
Second Quarter Summary
Quarter Ended
June 30,
% Better/
(Worse)		Year-to-date
June 30,		% Better/
(Worse)
(in millions, except per share amounts, unaudited)2024202320242023
GAAP net income$829 $890 (7)%$1,819 $1,307 39%
Adjusted operating earnings$882 $807 9%$1,760 $1,605 10%
GAAP net income per diluted share$8.02 $8.21 (2)%$17.49 $11.97 46%
Adjusted operating earnings per diluted share$8.53 $7.44 15%$16.92 $14.70 15%
GAAP Return on Equity, ex. AOCI45.9 %48.6 %45.9 %48.6 %
Adjusted Operating Return on Equity, ex. AOCI48.9 %50.9 %48.9 %50.9 %
GAAP Equity, ex. AOCI$6,986 $6,429 9%$6,986 $6,429 9%
Available Capital for Capital Adequacy
(see reconciliation on p. 26)
$5,245 $5,011 5%$5,245 $5,011 5%
Weighted average common shares outstanding:
  Basic101.6106.4102.2107.1
  Diluted103.4108.4104.0109.2

Second quarter 2024 GAAP results included unfavorable market impacts on the valuation of derivatives and market risk benefits, while the prior year quarter included favorable market impacts on the valuation of derivatives and market risk benefits.

In addition, adjusted operating after-tax results included severance expense of $20 million in the second quarter of 2024 and $24 million in the first half of 2024. These actions were associated with the company’s initiatives to enhance operational efficiency and effectiveness that are expected to drive future profitability.






2

Ameriprise Financial, Inc.
Advice & Wealth Management Segment Adjusted Operating Results
Quarter Ended June 30,% Better/
(Worse)
(in millions, unaudited)20242023
Adjusted operating net revenues$2,644 $2,343 13%
Distribution expenses1,403 1,196 (17)%
Interest and debt expense10 6 (67)%
General and administrative expenses409 410 —%
Adjusted operating expenses
1,822 1,612 (13)%
Pretax adjusted operating earnings
$822 $731 12%
Pretax adjusted operating margin31.1 %31.2 %(10) bps
Quarter Ended June 30,% Better/
(Worse)
(in billions, unless otherwise noted)20242023
Total client assets$972 $833 17%
Total client net flows
$6.6 $9.4 (30)%
Wrap net flows
$7.5 $5.6 34%
AWM cash balances
$40.6 $42.0 (3)%
Adjusted operating net revenue per advisor (TTM in thousands)$968 $874 11%


Advice & Wealth Management continued to demonstrate consistent profitable organic growth with pretax adjusted operating earnings reaching a new high of $822 million and margins remaining above 31 percent driven by strong core wealth management and banking performance.

Adjusted operating net revenues increased 13 percent to $2.6 billion from growth in client assets in both wrap and brokerage accounts, increased transactional activity and 11 percent growth in bank net investment income.

Adjusted operating expenses increased 13 percent to $1.8 billion compared to a year ago, with general and administrative expense very well managed and flat to a year ago at $409 million.

Clients and advisors remained engaged and focused on positioning portfolios to meet financial planning goals across market cycles.
•Total client assets grew 17 percent to $972 billion, with wrap assets up 18 percent to $535 billion.
•Wrap flows improved in the quarter to $7.5 billion or a 6 percent annualized flow rate, an early indication of client preferences returning to advisory products.
•Transactional activity increased 19 percent with strong growth across all product areas.
•Total client cash including third-party money market funds and brokered CDs was $81.9 billion, up $12.2 billion from a year ago, as clients remain heavily concentrated in yield-oriented products.
•Cash balances were $40.6 billion. Underlying cash sweep excluding normal seasonal tax payments and cash related to the recent partnership with Comerica transitioning into other products was stable and consistent with expectations.
•Adjusted operating net revenue per advisor on a trailing 12-month basis was $968,000, up 11 percent from enhanced productivity, business growth and market appreciation.
•Advisor headcount increased to 10,392, which reflects the addition of 52 experienced advisors in the quarter and continued strong advisor retention.
3

Ameriprise Financial, Inc.
Asset Management Segment Adjusted Operating Results
Quarter Ended June 30,% Better/
(Worse)
(in millions, unaudited)20242023
Adjusted operating net revenues$848 $808 5%
Distribution expenses244 233 (5)%
Amortization of deferred acquisition costs1 2 50%
Interest and debt expense1 1 —%
General and administrative expenses384 410 6%
Adjusted operating expenses630 646 2%
Pretax adjusted operating earnings$218 $162 35%
Net pretax adjusted operating margin (1)
37.6 %29.8 %
Quarter Ended June 30,% Better/
(Worse)
(in billions)20242023
Total segment AUM$642 $617 4%
Net Flows
Global Retail net flows, ex. legacy insurance partners flows$(3.2)$(4.7)32%
Global Institutional net flows, ex. legacy insurance partners flows0.3 0.8 (71)%
Legacy insurance partners flows (2)
(9.1)(1.4)NM
   Total segment net flows (2)
$(12.0)$(5.3)NM
Model delivery AUA Flows (3)
$0.9 $0.5 89%
(1) See reconciliation on page 13.
(2) In Q2 2024, total segment net outflows were $4.0 billion and legacy insurance partner outflows were $1.1 billion, excluding the $8.0 billion previously announced asset transfer related to a legacy insurance partner.
(3) Estimated based on the period-to-period change in assets less calculated performance based on strategy returns on a one-quarter lag.
NM Not Meaningful - variance equal to or greater than 100%

Asset Management adjusted operating net revenues grew 5 percent to $848 million and pretax adjusted operating earnings increased 35 percent to $218 million. Financial results reflected equity market appreciation and the positive impact from expense management actions, which more than offset the cumulative impact of net outflows. Net pretax adjusted operating margin was 38 percent and above our targeted range, reflecting strong market appreciation and expense discipline.

Adjusted operating expenses decreased 2 percent, with general and administrative expenses down 6 percent from a year ago, reflecting the ongoing benefits from the company’s initiatives to enhance operational efficiency and effectiveness.

Total assets under management increased 4 percent to $642 billion as equity market appreciation more than offset net outflows. The underlying fee rate remained stable at 46 basis points.

Net outflows would have been $4.0 billion excluding an $8.0 billion previously announced asset transfer related to a legacy insurance partner, which was a $1.3 billion improvement from a year ago.
•Retail net outflows were $3.2 billion, representing a $1.5 billion improvement from the prior year from stronger gross sales globally and lower redemptions in the US.
•Global institutional inflows were $0.3 billion.
4

Ameriprise Financial, Inc.
Retirement & Protection Solutions Segment Adjusted Operating Results
Quarter Ended June 30,% Better/
(Worse)
(in millions, unaudited)20242023
Adjusted operating net revenues$928 $858 8%
Adjusted operating expenses732 669 (9)%
Pretax adjusted operating earnings$196 $189 4%

Retirement & Protection Solutions pretax adjusted operating earnings increased 4 percent to $196 million, reflecting the benefit of stronger interest earnings and higher equity markets partially offset by higher distribution expenses associated with continued strong sales levels. These high-quality books of business continued to generate strong free cash flow and return on capital with a differentiated risk profile.

Retirement & Protection Solutions sales increased 40 percent to $1.5 billion primarily from strong sales growth in structured variable annuities similar to the industry. Protection sales grew 21 percent to $93 million with the majority of sales in higher margin accumulation VUL products.




















5

Ameriprise Financial, Inc.
Corporate & Other Segment Adjusted Operating Results
Quarter Ended June 30,% Better/
(Worse)
(in millions, unaudited)20242023
Corporate & Other, excluding Closed Blocks$(123)$(56)NM
Closed Blocks (1)
4 (4)NM
Pretax adjusted operating earnings / (loss)$(119)$(60)(98)%
Long Term Care $12 $1 NM
Fixed Annuities(8)(5)(60)%
Closed Blocks pretax adjusted operating earnings / (loss)$4 $(4)NM
(1) Long Term Care and Fixed Annuities.
NM Not Meaningful - variance equal to or greater than 100%

Total Corporate & Other Excluding Closed Blocks pretax adjusted operating loss was $123 million, which included $25 million of severance expense, as well as $8 million of severance program expenses, both of which were associated with the company’s initiatives to enhance operational efficiency and effectiveness.

Long Term Care pretax adjusted operating earnings increased to $12 million from improved investment yields and claims performance.

Fixed Annuities pretax adjusted operating loss was consistent with expectations at $8 million.

Taxes
The operating effective tax rate was 21.0 percent. The operating effective tax rate is expected to be approximately 21 percent for full year 2024.

Contacts

Investor Relations: Media Relations:

Alicia A. Charity John Brine
Ameriprise Financial, Inc. Ameriprise Financial, Inc.
(612) 671-2080 (212) 437-8655
alicia.a.charity@ampf.com john.brine@ampf.com

Stephanie M. Rabe
Ameriprise Financial, Inc.
(612) 671-4085
stephanie.m.rabe@ampf.com
6

About Ameriprise Financial

At Ameriprise Financial, we have been helping people feel confident about their financial future for 130 years. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs.

Ameriprise Financial Services, LLC offers financial planning services, investments, insurance and annuity products. Columbia Funds are distributed by Columbia Management Investment Distributors, Inc., member FINRA and managed by Columbia Management Investment Advisers, LLC. Threadneedle International Limited, Columbia Threadneedle Asset Managers Limited, Columbia Threadneedle (EM) Investments Limited, and Pyrford International Ltd, are SEC- and FCA-registered investment adviser affiliates of Columbia Management Investment Advisers, LLC based in the U.K. RiverSource insurance and annuity products are issued by RiverSource Life Insurance Company, and in New York only by RiverSource Life Insurance Co. of New York, Albany, New York. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuity products in the state of New York. These companies are part of Ameriprise Financial, Inc. CA License #0684538. RiverSource Distributors, Inc. (Distributor), Member FINRA.

Non-GAAP Financial Measures

The company believes the presentation of adjusted operating measures, available capital for capital adequacy and other non-GAAP financial measures, and the corresponding ratios, best represents the underlying performance of our core operations and facilitates a more meaningful trend analysis without the distortion of various adjustment items. Management uses non-GAAP financial measures to evaluate our financial performance on a basis comparable to that used by some securities analysts and investors and to provide a valuable perspective for investors. These non-GAAP financial measures are taken into consideration, to varying degrees, for purposes of business planning and analysis and for certain compensation-related matters. Non-GAAP financial measures are intended to supplement investors’ understanding of our performance and should not be considered alternatives for financial measures presented in accordance with GAAP. These measures are discussed in more detail below and may not be comparable to other companies’ similarly titled non-GAAP financial measures. Non-GAAP financial measure reconciliations can be found on the subsequent pages.

Forward-Looking Statements

This news release contains forward-looking statements that reflect management’s plans, estimates and beliefs. Actual results could differ materially from those described in these forward-looking statements. Examples of such forward-looking statements include:
•statements of the company’s plans, intentions, positioning, expectations, objectives or goals, including those relating to asset flows, mass affluent and affluent client acquisition strategy, client retention and growth of our client base, financial advisor productivity, retention, recruiting and enrollments, the introduction, cessation, terms or pricing of new or existing products and services, general and administrative costs, net pretax adjusted operating margin, consolidated tax rate, return of capital to shareholders, and excess capital position and financial flexibility to capture additional growth opportunities;
•other statements about future economic performance, the performance of equity markets and interest rate variations and the economic performance of the United States and of global markets;
•statements estimating the financial impacts and future profitability arising from the company’s reengineering initiatives;
•statements estimating the expected full year 2024 operating effective tax rate; and
7

•statements of assumptions underlying such statements.

The words “believe,” “expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” “forecast,” “on track,” “project,” ”continue,” “able to remain”, “resume,” “deliver,” “develop,” “evolve,” “drive,” ”enable,” “flexibility,” “commitment,” “scenario,” “case,” “appear,” “expands” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from such statements.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Management cautions readers to carefully consider the risks described in the “Risk Factors” discussion under Part 1, Item 1A of and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2023 available at ir.ameriprise.com. Management undertakes no obligation to update publicly or revise any forward-looking statements.

The financial results discussed in this news release represent past performance only, which may not be used to predict or project future results. The financial results and values presented in this news release are based upon asset valuations that represent estimates as of the date of this news release and may be revised in the company’s Form 10-Q for the period ended June 30, 2024.

Ameriprise Financial announces financial and other information to investors through the company’s investor relations website at ir.ameriprise.com, as well as SEC filings, press releases, public conference calls and webcasts. Investors and others interested in the company are encouraged to visit the investor relations website from time to time, as information is updated and new information is posted. The website also allows users to sign up for automatic notifications in the event new materials are posted. The information found on the website is not incorporated by reference into this release or in any other report or document the company furnishes or files with the SEC.



8

Ameriprise Financial, Inc.
Consolidated GAAP Results
(in millions, except per share amounts, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Revenues
Management and financial advice fees$2,456 $2,199 12%$2,399 2%
Distribution fees505 482 5%506 —%
Net investment income921 811 14%901 2%
Premiums, policy and contract charges381 383 (1)%390 (2)%
Other revenues129 132 (2)%129 —%
Total revenues4,392 4,007 10%4,325 2%
Banking and deposit interest expense172 131 (31)%179 4%
Total net revenues4,220 3,876 9%4,146 2%
Expenses
Distribution expenses1,450 1,248 (16)%1,419 (2)%
Interest credited to fixed accounts185 161 (15)%132 (40)%
Benefits, claims, losses and settlement expenses331 327 (1)%295 (12)%
Remeasurement (gains) losses of future policy benefit reserves(8)— —%(4)NM
Change in fair value of market risk benefits110 (99)NM(18)NM
Amortization of deferred acquisition costs61 61 —%61 —%
Interest and debt expense83 84 1%82 (1)%
General and administrative expense957 967 1%960 —%
Total expenses3,169 2,749 (15)%2,927 (8)%
Pretax income1,051 1,127 (7)%1,219 (14)%
Income tax provision222 237 (6)%229 (3)%
Net income$829 $890 (7)%$990 (16)%
Earnings per share
Basic earnings per share$8.16 $8.36 $9.63 
Earnings per diluted share$8.02 $8.21 $9.46 
Weighted average common shares outstanding
Basic101.6 106.4 102.8 
Diluted103.4 108.4 104.6 
NM Not Meaningful - variance equal to or greater than 100%











9

Ameriprise Financial, Inc.
Consolidated Highlights and Capital Summary
(in millions unless otherwise noted, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Assets Under Management and Administration
Advice & Wealth Management AUM$531,268 $451,249 18%$518,080 3%
Asset Management AUM641,880 616,598 4%652,077 (2)%
Corporate AUM490 297 65%429 14%
Eliminations(44,136)(39,308)(12)%(43,181)(2)%
Total Assets Under Management1,129,502 1,028,836 10%1,127,405 —%
Total Assets Under Administration298,468 247,952 20%297,457 —%
Total AUM and AUA$1,427,970 $1,276,788 12%$1,424,862 —%
S&P 500
Daily average5,253 4,207 25%4,996 5%
Period end5,460 4,450 23%5,254 4%
Weighted Equity Index (WEI) (1)
Daily average3,358 2,769 21%3,218 4%
Period end3,456 2,900 19%3,379 2%
Common shares
Beginning balance99.6 104.4 (5)%100.2 (1)%
Repurchases(1.3)(1.6)19%(1.2)(8)%
Issuances0.1 — —%1.2 (92)%
Other— — —%(0.6)NM
Total common shares outstanding98.4 102.8 (4)%99.6 (1)%
Restricted stock units2.6 2.7 (4)%2.6 —%
Total basic common shares outstanding101.0 105.5 (4)%102.2 (1)%
Total potentially dilutive shares1.8 2.1 (14)%1.8 —%
Total diluted shares102.8 107.6 (4)%104.0 (1)%
Capital Returned to Shareholders
Dividends paid$151 $146 3%$143 6%
Common stock share repurchases542 492 10%507 7%
Total Capital Returned to Shareholders$693 $638 9%$650 7%
(1) Weighted Equity Index is an Ameriprise calculated proxy for equity market movements calculated using a weighted average of the S&P 500, Russell 2000, Russell Midcap and MSCI EAFE indices based on North America distributed equity assets.
NM Not Meaningful - variance equal to or greater than 100%



10

Ameriprise Financial, Inc.
Advice & Wealth Management Segment Adjusted Operating Results
(in millions, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Revenues
Management and financial advice fees:
Advisory fees$1,361 $1,154 18%$1,303 4%
Financial planning fees110 104 6%112 (2)%
Transaction and other fees100 96 4%94 6%
Total management and financial advice fees1,571 1,354 16%1,509 4%
Distribution fees:
Mutual funds199 179 11%196 2%
Insurance and annuity260 222 17%247 5%
Off-Balance sheet brokerage cash40 84 (52)%50 (20)%
Other products109 84 30%105 4%
Total distribution fees608 569 7%598 2%
Net investment income560 483 16%560 —%
Other revenues77 68 13%72 7%
Total revenues2,816 2,474 14%2,739 3%
Banking and deposit interest expense172 131 (31)%179 4%
Adjusted operating total net revenues2,644 2,343 13%2,560 3%
Expenses
Distribution expenses1,403 1,196 (17)%1,369 (2)%
Interest and debt expense10 6 (67)%9 (11)%
General and administrative expense409 410 —%420 3%
Adjusted operating expenses1,822 1,612 (13)%1,798 (1)%
Pretax adjusted operating earnings$822 $731 12%$762 8%
Pretax adjusted operating margin31.1 %31.2 %29.8 %















11

Ameriprise Financial, Inc.
Advice & Wealth Management Segment Operating Metrics
(in millions unless otherwise noted, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
AWM Total Client Assets$972,135 $833,347 17%$953,769 2%
Total Client Flows$6,604 $9,408 (30)%$8,501 (22)%
Total Wrap Accounts
Beginning assets$521,722 $434,674 20%$488,200 7%
Net flows7,521 5,610 34%6,518 15%
Market appreciation (depreciation) and other5,747 14,405 (60)%27,004 (79)%
Total wrap ending assets$534,990 $454,689 18%$521,722 3%
Advisory wrap account assets ending balance (1)
$529,642 $449,857 18%$516,469 3%
Brokerage Cash & Certificates Balances
On-balance sheet (Net Investment Income)
On-balance sheet - broker dealer$2,279 $2,605 (13)%$2,477 (8)%
On-balance sheet - bank21,466 20,933 3%21,329 1%
On-balance sheet - certificate12,526 12,069 4%13,211 (5)%
Total on-balance sheet$36,271 $35,607 2%$37,017 (2)%
Off-balance sheet (Distribution Fees)
Off-balance sheet - broker dealer$4,359 $6,413 (32)%$6,242 (30)%
Total brokerage cash & certificates balances$40,630 $42,020 (3)%$43,259 (6)%
Gross Fee Yield
On-balance sheet - broker dealer5.34 %4.72 %5.12 %
On-balance sheet - bank5.15 %4.76 %5.06 %
On-balance sheet - certificates5.66 %5.20 %5.69 %
Off-balance sheet - broker dealer3.08 %4.14 %2.95 %
Financial Advisors
Employee advisors2,2362,1086%2,227—%
Franchisee advisors8,1568,166—%8,137—%
Total financial advisors10,39210,2741%10,364—%
Advisor Retention
Employee93.2 %92.0 %92.8 %
Franchisee92.6 %93.0 %92.3 %
(1) Advisory wrap account assets represent those assets for which clients receive advisory services and are the primary driver of revenue earned on wrap accounts. Clients may hold non-advisory investments in their wrap accounts that do not incur an advisory fee.

12

Ameriprise Financial, Inc.
Asset Management Segment Adjusted Operating Results
(in millions, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Revenues
Management and financial advice fees:
Asset management fees:
Retail$522 $490 7%$530 (2)%
Institutional161 157 3%159 1%
Transaction and other fees52 48 8%50 4%
Revenue from other sources (1)
3 4 (25)%3 —%
Total management and financial advice fees738 699 6%742 (1)%
Distribution fees:
Mutual funds56 51 10%56 —%
Insurance and annuity40 39 3%39 3%
Total distribution fees96 90 7%95 1%
Net investment income12 10 20%11 9%
Other revenues2 9 (78)%7 (71)%
Total revenues848 808 5%855 (1)%
Banking and deposit interest expense— — —%— —%
Adjusted operating total net revenues848 808 5%855 (1)%
Expenses
Distribution expenses244 233 (5)%242 (1)%
Amortization of deferred acquisition costs1 2 50%2 50%
Interest and debt expense1 1 —%2 50%
General and administrative expense384 410 6%403 5%
Adjusted operating expenses630 646 2%649 3%
Pretax adjusted operating earnings$218 $162 35%$206 6%
Net Pretax Adjusted Operating Margin Reconciliation
Adjusted operating total net revenues$848 $808 5%$855 (1)%
Distribution pass through revenues(192)(183)(5)%(192)—%
Subadvisory and other pass through revenues(98)(95)(3)%(96)(2)%
Net adjusted operating revenues$558 $530 5%$567 (2)%
Pretax adjusted operating earnings$218 $162 35%$206 6%
Adjusted operating net investment income(12)(10)(20)%(11)(9)%
Amortization of intangibles4 6 (33)%3 33%
Net adjusted operating earnings$210 $158 33%$198 6%
Pretax adjusted operating margin25.7 %20.0 %24.1 %
Net pretax adjusted operating margin (2)
37.6 %29.8 %34.9 %
Performance fees (3)
Performance fees$2 $1 NM$17 (88)%
General and administrative expense related to performance fees1 1 —%11 91%
Net performance fees$1 $— —%$6 (83)%
(1) Includes revenue from separate accounts that qualify as investment contracts under insurance accounting standards.
(2) Calculated as net adjusted operating earnings as a percentage of net adjusted operating revenues.
(3) Performance fees do not include CLO incentive fees.
NM Not Meaningful - variance equal to or greater than 100%

13

Ameriprise Financial, Inc.
Asset Management Segment Operating Metrics
(in millions, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Managed Assets Rollforward
Global Retail Funds
Beginning assets$349,567 $321,391 9%$334,860 4%
Inflows12,536 11,547 9%14,047 (11)%
Outflows(18,658)(16,323)(14)%(16,308)(14)%
Net VP/VIT fund flows(1,607)(1,270)(27)%(1,560)(3)%
Net new flows(7,729)(6,046)(28)%(3,821)NM
Reinvested dividends1,758 1,265 39%1,010 74%
Net flows(5,971)(4,781)(25)%(2,811)NM
Distributions(2,099)(1,544)(36)%(1,206)(74)%
Market appreciation (depreciation) and other5,889 9,885 (40)%19,407 (70)%
Foreign currency translation (1)
74 2,469 (97)%(683)NM
Total ending assets347,460 327,420 6%349,567 (1)%
% of total retail assets sub-advised
16.0 %15.9 %15.6 %
Global Institutional
Beginning assets302,510 286,288 6%302,076 —%
Inflows (2)
10,273 11,708 (12)%9,352 10%
Outflows (2)
(16,360)(12,180)(34)%(12,219)(34)%
Net flows(6,087)(472)NM(2,867)NM
Market appreciation (depreciation) and other (3)(4)
(2,117)(1,852)(14)%4,786 NM
Foreign currency translation (1)
114 5,214 (98)%(1,485)NM
Total ending assets294,420 289,178 2%302,510 (3)%
Total managed assets$641,880 $616,598 4%$652,077 (2)%
Total net flows$(12,058)$(5,253)NM$(5,678)NM
Legacy insurance partners flows$(9,104)$(1,377)NM$(779)NM
Total Assets Under Advisement (5)
$31,980 $25,282 26%$28,669 12%
Model delivery AUA flows (6)
$923 $488 89%$243 NM
(1) Amounts represent local currency to US dollar translation for reporting purposes.
(2) Global Institutional inflows and outflows include net flows from our RiverSource Structured Annuity product and Ameriprise Bank, FSB.
(3) Included in Market appreciation (depreciation) and other for Global Institutional is the change in affiliated general account balance excluding net flows related to our Structured Annuity product and Ameriprise Bank, FSB.
(4) Q2 2024 Market depreciation primarily reflects the impact of rising UK gilt yields on the Liability Driven Investing portfolio.
(5) Assets are presented on a one-quarter lag.
(6) Estimated flows based on the period-to-period change in assets less calculated performance based on strategy returns on a one-quarter lag.
NM Not Meaningful - variance equal to or greater than 100%
14

Ameriprise Financial, Inc.
Asset Management Segment Operating Metrics
(in millions, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Total Managed Assets by Type
Equity$340,206 $316,092 8%$341,406 —%
Fixed income226,655 225,520 1%236,588 (4)%
Money market22,759 22,439 1%22,164 3%
Alternative33,187 35,088 (5)%33,002 1%
Hybrid and other19,073 17,459 9%18,917 1%
Total managed assets by type$641,880 $616,598 4%$652,077 (2)%
Average Managed Assets by Type (1)
Equity$336,469 $309,576 9%$330,281 2%
Fixed income228,662 223,766 2%235,529 (3)%
Money market22,540 22,945 (2)%22,607 —%
Alternative33,014 34,888 (5)%33,237 (1)%
Hybrid and other18,759 17,152 9%18,476 2%
Total average managed assets by type$639,444 $608,327 5%$640,130 —%
(1) Average ending balances are calculated using the average of the prior period’s ending balance and all months in the current period.

Ameriprise Financial, Inc.
Asset Management Segment Performance Metrics
2 Qtr 2024
Retail Fund Rankings in Top 2 Quartiles or Above Index Benchmark - Asset Weighted1 year3 year5 year10 year
Equity60%69%78%90%
Fixed Income74%66%81%90%
Asset Allocation89%60%87%90%
4- or 5-star Morningstar rated fundsOverall3 year5 year10 year
Number of Rated Funds1147184102
Retail Fund performance rankings for each fund are measured on a consistent basis against the most appropriate peer group or index. Peer groupings of Columbia funds are defined by Lipper category and are based on the Primary Share Class (i.e., Institutional if available, otherwise Advisor or Institutional 3 share class), net of fees. Peer groupings of Threadneedle funds are defined by either IA or Morningstar index and are based on Primary Share Class. Comparisons to Index are measured Gross of Fees.
To calculate asset weighted performance, the sum of the total assets of the funds with above median ranking are divided by total assets of all funds. Funds with more assets will receive a greater share of the total percentage above or below median.
Aggregated Asset Allocation Funds may include funds that invest in other Columbia or Threadneedle branded mutual funds included in both equity and fixed income.
Morningstar as of 06/30/24. Columbia funds are available for purchase by U.S. customers. Out of 89 Columbia funds rated (based on primary share class), 4 received a 5-star Overall Rating and 40 received a 4-star Overall Rating. Out of 139 Threadneedle funds rated (based on highest-rated share class), 20 received a 5-star Overall Rating and 50 received a 4-star Overall Rating. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. Not all funds are available in all jurisdictions, to all investors or through all firms.

© 2024 Morningstar. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
15

Ameriprise Financial, Inc.
Retirement & Protection Solutions Segment Adjusted Operating Results
(in millions, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Revenues
Management and financial advice fees$189 $185 2%$189 —%
Distribution fees104 100 4%104 —%
Net investment income266 203 31%243 9%
Premiums, policy and contract charges367 368 —%374 (2)%
Other revenues2 2 —%2 —%
Total revenues928 858 8%912 2%
Banking and deposit interest expense— — —%— —%
Adjusted operating total net revenues928 858 8%912 2%
Expenses
Distribution expenses129 120 (8)%124 (4)%
Interest credited to fixed accounts93 94 1%91 (2)%
Benefits, claims, losses and settlement expenses226 188 (20)%224 (1)%
Remeasurement (gains) losses of future policy benefit reserves(5)(4)25%(2)NM
Change in fair value of market risk benefits142 123 (15)%129 (10)%
Amortization of deferred acquisition costs57 57 —%57 —%
Interest and debt expense12 12 —%12 —%
General and administrative expense78 79 1%78 —%
Adjusted operating expenses732 669 (9)%713 (3)%
Pretax adjusted operating earnings$196 $189 4%$199 (2)%
NM Not Meaningful - variance equal to or greater than 100%



















16

Ameriprise Financial, Inc.
Retirement & Protection Solutions Segment Operating Metrics
(in millions, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Variable Annuities Rollforwards
Beginning balance$84,042 $76,809 9%$80,754 4%
Deposits1,364 940 45%1,158 18%
Withdrawals and terminations(2,127)(1,712)(24)%(2,067)(3)%
Net flows(763)(772)1%(909)16%
Investment performance and interest credited1,255 2,512 (50)%4,197 (70)%
Total ending balance - contract accumulation values$84,534 $78,549 8%$84,042 1%
Variable annuities fixed sub-accounts$3,935 $4,524 (13)%$4,067 (3)%
Life Insurance In Force$198,340 $198,686 —%$198,550 —%
Net Amount at Risk (Life)$38,203 $37,708 1%$38,240 —%
Net Policyholder Reserves
VUL/UL$15,475 $14,170 9%$15,305 1%
Term and whole life174 188 (7)%180 (3)%
Disability insurance505 539 (6)%521 (3)%
Other insurance524 548 (4)%528 (1)%
Total net policyholder reserves$16,678 $15,445 8%$16,534 1%
DAC Ending Balances
Variable Annuities DAC$1,692 $1,722 (2)%$1,697 —%
Life and Health DAC$956 $964 (1)%$957 —%


17

Ameriprise Financial, Inc.
Corporate Segment Adjusted Operating Results and Metrics
(in millions, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Corporate Excluding Long Term Care and Fixed Annuities Adjusted Operating Income Statements
Revenues
Management and financial advice fees$— $— —%$— —%
Distribution fees— — —%— —%
Net investment income(9)24 NM— —%
Premiums, policy and contract charges— — —%— —%
Other revenues3 — —%1 NM
Total revenues(6)24 NM1 NM
Banking and deposit interest expense7 3 NM8 13%
Adjusted operating total net revenues(13)21 NM(7)(86)%
Expenses
Distribution expenses— — —%— —%
Interest credited to fixed accounts— — —%— —%
Benefits, claims, losses and settlement expenses— — —%— —%
Remeasurement (gains) losses of future policy benefit reserves— — —%— —%
Change in fair value of market risk benefits— — —%— —%
Amortization of deferred acquisition costs— — —%— —%
Interest and debt expense24 27 11%23 (4)%
General and administrative expense86 50 (72)%69 (25)%
Adjusted operating expenses110 77 (43)%92 (20)%
Pretax adjusted operating earnings (loss)$(123)$(56)NM$(99)(24)%
NM Not Meaningful - variance equal to or greater than 100%






















18

Ameriprise Financial, Inc.
Corporate Segment Adjusted Operating Results and Metrics
(in millions, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Long Term Care Adjusted Operating Income Statements
Revenues
Management and financial advice fees$— $— —%$— —%
Distribution fees— — —%— —%
Net investment income48 44 9%49 (2)%
Premiums, policy and contract charges22 23 (4)%23 (4)%
Other revenues— — —%— —%
Total revenues70 67 4%72 (3)%
Banking and deposit interest expense— — —%— —%
Adjusted operating total net revenues70 67 4%72 (3)%
Expenses
Distribution expenses(2)(2)—%(3)(33)%
Interest credited to fixed accounts— — —%— —%
Benefits, claims, losses and settlement expenses56 58 3%53 (6)%
Remeasurement (gains) losses of future policy benefit reserves(3)4 NM(2)50%
Change in fair value of market risk benefits— — —%— —%
Amortization of deferred acquisition costs— — —%— —%
Interest and debt expense1 1 —%2 50%
General and administrative expense6 5 (20)%6 —%
Adjusted operating expenses58 66 12%56 (4)%
Pretax adjusted operating earnings (loss)$12 $1 NM$16 (25)%
Long Term Care Policyholder Reserves, net of reinsurance$2,557 $2,616 (2)%$2,615 (2)%
NM Not Meaningful - variance equal to or greater than 100%

















19

Ameriprise Financial, Inc.
Corporate Segment Adjusted Operating Results and Metrics
(in millions, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Fixed Annuities Adjusted Operating Income Statements
Revenues
Management and financial advice fees$— $— —%$— —%
Distribution fees— — —%— —%
Net investment income8 8 —%9 (11)%
Premiums, policy and contract charges1 — —%— —%
Other revenues45 52 (13)%47 (4)%
Total revenues54 60 (10)%56 (4)%
Banking and deposit interest expense— — —%— —%
Adjusted operating total net revenues54 60 (10)%56 (4)%
Expenses
Distribution expenses— — —%1 NM
Interest credited to fixed accounts54 57 5%55 2%
Benefits, claims, losses and settlement expenses1 — —%— —%
Remeasurement (gains) losses of future policy benefit reserves— — —%— —%
Change in fair value of market risk benefits— — —%— —%
Amortization of deferred acquisition costs3 2 (50)%2 (50)%
Interest and debt expense1 1 —%— —%
General and administrative expense3 5 40%4 25%
Adjusted operating expenses62 65 5%62 —%
Pretax adjusted operating earnings (loss)$(8)$(5)(60)%$(6)(33)%
NM Not Meaningful - variance equal to or greater than 100%


20

Ameriprise Financial, Inc.
Eliminations (1) Adjusted Operating Results
(in millions, unaudited)2 Qtr 20242 Qtr 2023% Better/
(Worse)		1 Qtr 2024% Better/
(Worse)
Revenues
Management and financial advice fees$(41)$(37)(11)%$(39)(5)%
Distribution fees(303)(277)(9)%(291)(4)%
Net investment income(15)(12)(25)%(17)12%
Premiums, policy and contract charges(8)(8)—%(9)11%
Other revenues— — —%— —%
Total revenues(367)(334)(10)%(356)(3)%
Banking and deposit interest expense(7)(3)NM(8)(13)%
Adjusted operating total net revenues(360)(331)(9)%(348)(3)%
Expenses
Distribution expenses(324)(299)8%(314)3%
Interest credited to fixed accounts— — —%— —%
Benefits, claims, losses and settlement expenses(5)(5)—%(5)—%
Remeasurement (gains) losses of future policy benefit reserves— — —%— —%
Change in fair value of market risk benefits— — —%— —%
Amortization of deferred acquisition costs— — —%— —%
Interest and debt expense(9)(9)—%(8)13%
General and administrative expense(22)(18)22%(21)5%
Adjusted operating expenses(360)(331)9%(348)3%
Pretax adjusted operating earnings (loss)$— $— —%$— —%
(1) The majority of the amounts represent the impact of inter-segment transfer pricing for both revenues and expenses.
NM Not Meaningful - variance equal to or greater than 100%



21

Ameriprise Financial, Inc.
Capital Information
(in millions, unaudited)June 30,
2024		June 30,
2023		March 31,
2024
Long-term Debt Summary
Senior notes$3,400 $3,550 $3,400 
Finance lease liabilities15 23 17 
Other (1)
(19)(16)(19)
Total Ameriprise Financial long-term debt3,396 3,557 3,398 
Non-recourse debt of consolidated investment entities2,386 2,264 2,119 
Total long-term debt$5,782 $5,821 $5,517 
Total Ameriprise Financial long-term debt$3,396 $3,557 $3,398 
Finance lease liabilities(15)(23)(17)
Other (1)
19 16 19 
Total Ameriprise Financial long-term debt excluding finance lease liabilities and other$3,400 $3,550 $3,400 
Total equity (2)
$4,993 $4,080 $4,879 
Equity of consolidated investment entities(1)(10)(1)
Total equity excluding CIEs$4,992 $4,070 $4,878 
Total Ameriprise Financial capital$8,389 $7,637 $8,277 
Total Ameriprise Financial capital excluding finance lease liabilities, other and equity of CIEs$8,392 $7,620 $8,278 
Debt to capital
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital40.5 %46.6 %41.1 %
Total Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding finance lease liabilities, other and equity of CIEs (2)
40.5 %46.6 %41.1 %
Available Capital for Capital Adequacy$5,245 $5,011 $5,135 
(1) Includes adjustments for net unamortized discounts, debt issuance costs and other lease obligations.
(2) Includes accumulated other comprehensive income, net of tax.






22

Ameriprise Financial, Inc.
Consolidated Balance Sheets
(in millions, unaudited)June 30,
2024		December 31,
2023
Assets
Cash and cash equivalents$7,517 $7,477 
Cash of consolidated investment entities351 87 
Investments55,865 55,489 
Investments of consolidated investment entities2,275 2,099 
Market risk benefits2,082 1,427 
Separate account assets79,098 77,457 
Receivables14,823 15,078 
Receivables of consolidated investment entities30 28 
Deferred acquisition costs2,694 2,713 
Restricted and segregated cash and investments1,373 1,635 
Other assets13,592 11,700 
Other assets of consolidated investment entities— 1 
Total Assets$179,700 $175,191 
Liabilities
Policyholder account balances, future policy benefits and claims$39,742 $37,545 
Market risk benefits1,252 1,762 
Separate account liabilities79,098 77,457 
Customer deposits36,237 37,321 
Short-term borrowings201 201 
Long-term debt3,396 3,399 
Debt of consolidated investment entities2,386 2,155 
Accounts payable and accrued expenses2,386 2,603 
Other liabilities9,768 7,974 
Other liabilities of consolidated investment entities241 45 
Total Liabilities174,707 170,462 
Equity
Ameriprise Financial
Common shares ($.01 par)3 3 
Additional paid-in capital9,987 9,824 
Retained earnings23,430 21,905 
Treasury stock(26,434)(25,237)
Accumulated other comprehensive income, net of tax(1,993)(1,766)
Total Equity4,993 4,729 
Total Liabilities and Equity$179,700 $175,191 
Supplemental Non-GAAP Information:
Available Capital for Capital Adequacy$5,245 $5,418 




23

Ameriprise Financial, Inc.
Reconciliation Table: Earnings
Quarter Ended June 30,% Better/
(Worse)		Per Diluted Share
Quarter Ended
June 30,		% Better/
(Worse)
(in millions, except per share amounts, unaudited)2024202320242023
Net income$829 $890 (7)%$8.02 $8.21 (2)%
Adjustments:
Net realized investment gains (losses) (1)
(3)3 (0.03)0.03 
Market impact on non-traditional long-duration products (1)
(60)127 (0.58)1.17 
Integration/restructuring charges (1)
— (25)— (0.23)
Net income (loss) attributable to consolidated investment entities(3)— (0.03)— 
Tax effect of adjustments (2)
13 (22)0.13 (0.20)
Adjusted operating earnings$882 $807 9%$8.53 $7.44 15%
Pretax impact of severance expense(25)(1)(0.24)(0.01)
Tax effect of severance expense5 — 0.05 — 
Adjusted operating earnings excluding severance expense$902 $808 12%$8.72 $7.45 17%
Weighted average common shares outstanding:
Basic101.6 106.4 
Diluted103.4 108.4 
(1) Pretax adjusted operating adjustment.
(2) Calculated using the statutory tax rate of 21%.


24

Ameriprise Financial, Inc.
Reconciliation Table: Earnings
Year-to-date
June 30,		Per Diluted Share
Year-to-date
June 30,		% Better/
(Worse)
(in millions, except per share amounts, unaudited)2024202320242023
Net income$1,819 $1,307 $17.49 $11.97 46%
Adjustments:
Net realized investment gains (losses) (1)
(3)6 (0.03)0.05 
Market impact on non-traditional long-duration products (1)
80 (348)0.77 (3.19)
Integration/restructuring charges (1)
— (35)— (0.32)
Net income (loss) attributable to consolidated investment entities(2)— (0.02)— 
Tax effect of adjustments (2)
(16)79 (0.15)0.73 
Adjusted operating earnings$1,760 $1,605 $16.92 $14.70 15%
Weighted average common shares outstanding:
Basic102.2 107.1 
Diluted104.0 109.2 
(1) Pretax adjusted operating adjustment.
(2) Calculated using the statutory tax rate of 21%.

















25

Ameriprise Financial, Inc.
Reconciliation Table: Pretax Adjusted Operating Earnings
Quarter Ended June 30,
(in millions, unaudited)20242023
Total net revenues$4,220 $3,876 
Adjustments:
Net realized investment gains (losses)(3)3 
Market impact on non-traditional long-duration products(1)1 
CIEs revenue53 46 
Adjusted operating total net revenues$4,171 $3,826 
Total expenses$3,169 $2,749 
Adjustments:
CIEs expenses56 46 
Integration/restructuring charges— 25 
Market impact on non-traditional long-duration products59 (126)
Adjusted operating expenses$3,054 $2,804 
Pretax income$1,051 $1,127 
Pretax adjusted operating earnings$1,117 $1,022 
Pretax income margin24.9 %29.1 %
Pretax adjusted operating margin26.8 %26.7 %

Ameriprise Financial, Inc.
Reconciliation Table: Available Capital for Capital Adequacy
(in millions, unaudited)June 30,
2024		June 30,
2023		March 31,
2024
Ameriprise Financial GAAP Equity$4,993 $4,080 $4,879 
Less: AOCI(1,993)(2,349)(1,930)
Ameriprise Financial GAAP Equity, excl AOCI6,986 6,429 6,809 
Less: RiverSource Life Insurance Co. GAAP Equity, excluding AOCI2,012 1,855 2,017 
Add: RiverSource Life Insurance Co. statutory total adjusted capital2,598 2,653 2,637 
Less: Goodwill and intangibles2,595 2,525 2,603 
Add: Other adjustments268 309 309 
Available Capital for Capital Adequacy$5,245 $5,011 $5,135 


26

Ameriprise Financial, Inc.
Reconciliation Table: Effective Tax Rate
Quarter Ended
June 30, 2023
(in millions, unaudited)GAAPAdjusted Operating
Pretax income$1,127 $1,022 
Income tax provision$237 $215 
Effective tax rate21.1 %21.0 %

Ameriprise Financial, Inc.
Reconciliation Table: Effective Tax Rate
Quarter Ended
 June 30, 2024
(in millions, unaudited)GAAPAdjusted Operating
Pretax income$1,051 $1,117 
Income tax provision$222 $235 
Effective tax rate21.1 %21.0 %

27

Ameriprise Financial, Inc.
Reconciliation Table: Return on Equity (ROE) Excluding Accumulated
Other Comprehensive Income “AOCI”
Twelve Months Ended
 June 30,
(in millions, unaudited)20242023
Net income$3,068 $3,017 
Less: Adjustments (1)
(198)(143)
Adjusted operating earnings$3,266 $3,160 
Total Ameriprise Financial, Inc. shareholders’ equity$4,501 $3,943 
Less: Accumulated other comprehensive income, net of tax(2,176)(2,259)
Total Ameriprise Financial, Inc. shareholders’ equity excluding AOCI6,677 6,202 
Less: Equity impacts attributable to the consolidated investment entities(4)(2)
Adjusted operating equity$6,681 $6,204 
Return on equity excluding AOCI45.9 %48.6 %
Adjusted operating return on equity excluding AOCI (2)
48.9 %50.9 %
(1) Adjustments reflect the sum of after-tax net realized investment gains/losses, net of the reinsurance accrual; the market impact on non-traditional long-duration products (including variable and fixed deferred annuity contracts and UL insurance contracts), net of hedges and related reinsurance accrual; mean reversion related impacts; block transfer reinsurance transaction impacts; the market impact of hedges to offset interest rate and currency changes on unrealized gains or losses for certain investments; gain or loss on disposal of a business that is not considered discontinued operations; integration and restructuring charges; income (loss) from discontinued operations; and net income (loss) from consolidated investment entities. After-tax is calculated using the statutory tax rate of 21%.
(2) Adjusted operating return on equity, excluding AOCI is calculated using adjusted operating earnings in the numerator, and Ameriprise Financial shareholders’ equity, excluding AOCI and the impact of consolidating investment entities using a five-point average of quarter-end equity in the denominator. After-tax is calculated using the statutory tax rate of 21%.



28
v3.24.2
Document and Entity Information Document
Jul. 24, 2024
Document Information [Line Items]  
Document Type 8-K
Entity Incorporation, State or Country Code DE
Entity File Number 001-32525
Entity Tax Identification Number 13-3180631
Entity Address, Address Line One 1099 Ameriprise Financial Center
Entity Address, City or Town Minneapolis
Entity Address, State or Province MN
Entity Address, Postal Zip Code 55474
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock (par value $.01 per share)
Trading Symbol AMP
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0000820027
Amendment Flag false
Document Period End Date Jul. 24, 2024
Entity Registrant Name AMERIPRISE FINANCIAL, INC.
City Area Code 612
Local Phone Number 671-3131
Ameriprise Financial (NYSE:AMP)
過去 株価チャート
から 6 2024 まで 7 2024 Ameriprise Financialのチャートをもっと見るにはこちらをクリック
Ameriprise Financial (NYSE:AMP)
過去 株価チャート
から 7 2023 まで 7 2024 Ameriprise Financialのチャートをもっと見るにはこちらをクリック