Ameriprise Financial Reports Third Quarter 2024 Results

Business Wire10-24

MINNEAPOLIS, October 23, 2024--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP): Earnings Per Diluted Share Return on Equity, ex AOCI (1) Q3 2024 Q3 2024 GAAP $ 5.00 GAAP 40.1...

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(NYSE: AMP):\n\n\n\n\n\n \n\n\nEarnings Per Diluted Share\n\nReturn on Equity, ex AOCI (1)\n\n\n\nQ3 2024\n\n\nQ3 2024\n\n\nGAAP\n$\n5.00\n\nGAAP\n40.1...</p>\n\n<a href=\"https://finance.yahoo.com/news/ameriprise-financial-reports-third-quarter-200800668.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ameriprise Financial Reports Third Quarter 2024 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmeriprise Financial Reports Third Quarter 2024 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-24 04:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ameriprise-financial-reports-third-quarter-200800668.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MINNEAPOLIS, October 23, 2024--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP):\n\n\n\n\n\n \n\n\nEarnings Per Diluted Share\n\nReturn on Equity, ex AOCI (1)\n\n\n\nQ3 2024\n\n\nQ3 2024\n\n\nGAAP\n$\n5.00\n\nGAAP\n40.1...</p>\n\n<a href=\"https://finance.yahoo.com/news/ameriprise-financial-reports-third-quarter-200800668.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/ameriprise-financial-reports-third-quarter-200800668.html","article_id":"2477559564","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/_hXmfBcL7PEBYBHiynt4Mg--~B/aD0yMTA7dz00ODA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/5bd08d2ecca1bd4849dd59eabff6a2e3"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477559564","pubTimestamp":1729714080,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Third quarter adjusted operating earnings per diluted share increased 17 percent to $9.02 excluding unlocking and severance expense associated with the company’s initiatives to enhance operational efficiency and effectiveness.Pretax adjusted operating margin was 27 percent and adjusted operating return on equity was 51 percent.The company returned $713 million of capital to shareholders in the quarter, demonstrating its balance sheet strength and strong free cash flow generation.Perspective from Jim Cracchiolo, Chairman and Chief Executive Officer\"Ameriprise delivered another very good quarter further demonstrating the strength of our client and advisor value propositions, complementary businesses, and strategic focus.\"We’re generating strong revenue and earnings growth across our business. With the positive market environment and our planning expertise, clients are investing more broadly. Flows into fee-based investment advisory accounts increased significantly, transactional activity","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4135":"资产管理与托管银行","BK4539":"次新股","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4166":"消费信贷","WEI":"微贷网","EM":"怪兽充电","LU0106831901.USD":"贝莱德世界金融基金A2","BK4076":"电脑与电子产品零售","ROE":"ASTORIA US QUALITY KINGS ETF","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BK4505":"高瓴资本持仓","BK4585":"ETF&股票定投概念","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","AMP":"阿莫斯莱斯金融"},"translate_title":"Ameriprise财务报告2024年第三季度业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMP":1,"EM":1,"ROE":1,"WEI":1},"content_text":"MINNEAPOLIS, October 23, 2024--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP):\n\n\n\n\n\n \n\n\nEarnings Per Diluted Share\n\nReturn on Equity, ex AOCI (1)\n\n\n\nQ3 2024\n\n\nQ3 2024\n\n\nGAAP\n$\n5.00\n\nGAAP\n40.1\n%\n\n\nAdjusted Operating\n$\n8.10\n\nAdjusted Operating\n49.6\n%\n\n\nAdjusted Operating, excluding unlocking and severance expense\n$\n9.02\n\nAdjusted Operating, excluding unlocking\n50.7\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nThird quarter adjusted operating earnings per diluted share increased 17 percent to $9.02 excluding unlocking and severance expense associated with the company’s initiatives to enhance operational efficiency and effectiveness.\n\n\nThird quarter GAAP net income per diluted share was $5.00 compared to $8.14 a year ago, primarily from market impacts on the valuation of derivatives and market risk benefits.\n\n\nAssets under management and administration reached $1.5 trillion, up 22 percent from strong client net inflows and market appreciation.\n\n\nAdjusted operating net revenues increased 11 percent from organic growth, strong equity markets and higher spread revenues.\n\n\nGeneral and administrative expenses continued to be well managed and demonstrate the company’s focus on operational efficiency and effectiveness.\n\n\nPretax adjusted operating margin was 27 percent(2) and adjusted operating return on equity was 51 percent(3).\n\n\nThe company returned $713 million of capital to shareholders in the quarter, demonstrating its balance sheet strength and strong free cash flow generation.\n\n\n\nPerspective from Jim Cracchiolo, Chairman and Chief Executive Officer\"Ameriprise delivered another very good quarter further demonstrating the strength of our client and advisor value propositions, complementary businesses, and strategic focus.\"We’re generating strong revenue and earnings growth across our business. With the positive market environment and our planning expertise, clients are investing more broadly. Flows into fee-based investment advisory accounts increased significantly, transactional activity remained strong and advisor productivity reached another new high.\"Across the firm, we continue to drive operating efficiencies while investing for growth. Our financial strength and free cash flow generation remain key differentiators and provide flexibility as we navigate market cycles and consistently generate strong results and return capital to shareholders.\"\n\n\n\n\n\n\n(1) Return on equity excluding AOCI is calculated on a trailing 12-month basis.\n\n\n(2) Excludes unlocking and severance.\n\n\n(3) Excludes unlocking. Unlocking impacts reflect the company’s annual review of insurance and annuity valuation assumptions and model changes.\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nThird Quarter Summary\n\n\n\nQuarter EndedSeptember 30,\n%Better/(Worse)\n\nYear-to-dateSeptember 30,\n%Better/(Worse)\n\n\n(in millions, except per share amounts, unaudited)\n2024\n\n2023\n\n2024\n\n2023\n\n\nGAAP net income\n$\n511\n\n$\n872\n\n(41\n)%\n\n$\n2,330\n\n$\n2,179\n\n7\n%\n\n\nAdjusted operating earnings\n$\n828\n\n$\n745\n\n11\n%\n\n$\n2,588\n\n$\n2,350\n\n10\n%\n\n\nAdjusted operating earnings excluding unlocking (see reconciliation on p. 24 & 25)\n$\n902\n\n$\n823\n\n10\n%\n\n$\n2,662\n\n$\n2,428\n\n10\n%\n\n\nAdjusted operating earnings excluding unlocking and severance expense (see reconciliation on p. 24 & 25)\n$\n921\n\n$\n829\n\n11\n%\n\n$\n2,705\n\n$\n2,434\n\n11\n%\n\n\n\n\n\n\n\n\n\n\n\n\nGAAP net income per diluted share\n$\n5.00\n\n$\n8.14\n\n(39\n)%\n\n$\n22.53\n\n$\n20.08\n\n12\n%\n\n\nAdjusted operating earnings per diluted share\n$\n8.10\n\n$\n6.96\n\n16\n%\n\n$\n25.03\n\n$\n21.66\n\n16\n%\n\n\nAdjusted operating earnings per diluted share excluding unlocking (see reconciliation on p. 24 & 25)\n$\n8.83\n\n$\n7.68\n\n15\n%\n\n$\n25.74\n\n$\n22.38\n\n15\n%\n\n\nAdjusted operating earnings per diluted share excluding unlocking and severance expense (see reconciliation on p. 24 & 25)\n$\n9.02\n\n$\n7.74\n\n17\n%\n\n$\n26.15\n\n$\n22.43\n\n17\n%\n\n\n\n\n\n\n\n\n\n\n\n\nGAAP Return on Equity, ex. AOCI\n\n40.1\n%\n\n44.4\n%\n\n\n\n40.1\n%\n\n44.4\n%\n\n\n\nAdjusted Operating Return on Equity, ex. AOCI\n\n49.6\n%\n\n48.4\n%\n\n\n\n49.6\n%\n\n48.4\n%\n\n\n\nAdjusted Operating Return on Equity, ex. AOCI and unlocking (see reconciliation on p. 29)\n\n50.7\n%\n\n49.6\n%\n\n\n\n50.7\n%\n\n49.6\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\nGAAP Equity, ex. AOCI\n$\n6,816\n\n$\n6,665\n\n2\n%\n\n$\n6,816\n\n$\n6,665\n\n2\n%\n\n\nAvailable Capital for Capital Adequacy (see reconciliation on p. 27)\n$\n5,523\n\n$\n5,247\n\n5\n%\n\n$\n5,523\n\n$\n5,247\n\n5\n%\n\n\n\n\n\n\n\n\n\n\n\n\nWeighted average common shares outstanding:\n\n\n\n\n\n\n\n\n\nBasic\n\n100.4\n\n\n104.9\n\n\n\n\n101.6\n\n\n106.4\n\n\n\n\nDiluted\n\n102.2\n\n\n107.1\n\n\n\n\n103.4\n\n\n108.5\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThird 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.\nThe company completed its annual actuarial assumption update in the quarter, which resulted in an unfavorable after-tax impact of $74 million or $0.73 per share. This was primarily related to updated persistency assumptions for variable annuities.\nIn addition, adjusted operating after-tax results included severance expenses of $19 million in the third quarter of 2024 and $43 million on a year-to-date basis. Severance was related to the company’s initiatives to enhance operational efficiency and effectiveness to further strengthen the client experience and future profitability.\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nAdvice & Wealth Management Segment Adjusted Operating Results\n\n\n\nQuarter Ended September 30,\n\n% Better/(Worse)\n\n\n(in millions, unaudited)\n2024\n\n2023\n\n\n\nAdjusted operating net revenues\n$\n2,742\n\n\n$\n2,407\n\n\n14\n%\n\n\n\n\n\n\n\n\n\n\nDistribution expenses\n\n1,488\n\n\n\n1,253\n\n\n(19\n)%\n\n\nInterest and debt expense\n\n9\n\n\n\n6\n\n\n(50\n)%\n\n\nGeneral and administrative expenses\n\n419\n\n\n\n419\n\n\n—\n%\n\n\nAdjusted operating expenses\n\n1,916\n\n\n\n1,678\n\n\n(14\n)%\n\n\nPretax adjusted operating earnings\n$\n826\n\n\n$\n729\n\n\n13\n%\n\n\n\n\n\n\n\n\n\n\nPretax adjusted operating margin\n\n30.1\n%\n\n\n30.3\n%\n\n(20) bps\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nQuarter Ended September 30,\n\n% Better/(Worse)\n\n\n(in billions, unless otherwise noted)\n\n2024\n\n\n\n2023\n\n\n\n\nTotal client assets\n$\n1,024\n\n\n$\n816\n\n\n26\n%\n\n\nTotal client net flows\n$\n8.6\n\n\n$\n8.9\n\n\n(3\n)%\n\n\nWrap net flows\n$\n8.0\n\n\n$\n5.4\n\n\n48\n%\n\n\nAWM cash balances\n$\n40.1\n\n\n$\n40.5\n\n\n(1\n)%\n\n\nAdjusted operating net revenue per advisor (TTM in thousands)\n$\n997\n\n\n$\n901\n\n\n11\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\nAdvice & Wealth Management continued to demonstrate profitable organic growth with record high pretax adjusted operating earnings of $826 million and margins exceeded 30 percent driven by core business growth, as well as higher sustainable net investment income at the bank.\nAdjusted operating net revenues increased 14 percent to $2.7 billion from growth in client assets, increased transactional activity and 6 percent growth in net investment income at the bank.\nAdjusted operating expenses increased 14 percent to $1.9 billion compared to a year ago. General and administrative expenses were unchanged at $419 million. Excluding the $20 million regulatory accrual a year ago, general and administrative expenses grew 5 percent, primarily from volume-related expenses due to business growth.\nClients and advisors remained engaged and focused on positioning portfolios to meet financial planning goals across market cycles.\n\nTotal client assets grew 26 percent to an all-time high of $1.0 trillion, with wrap assets up 28 percent to $569 billion.\nWrap flows grew to $8.0 billion or a 6 percent annualized flow rate, an early indication of client preferences returning to advisory products.\nTransactional activity increased 19 percent with strong growth across all product areas.\nTotal client cash was $83 billion, up $10.5 billion from a year ago. In the quarter, growth in third-party money market funds was partially offset by declines in term products such as brokered CDs and certificates.\nClient cash sweep balances were stable at approximately $28 billion.\nBank assets grew 7 percent to $23.2 billion, providing sustainable net investment income in this forecasted lower rate environment.\nAdjusted operating net revenue per advisor on a trailing 12-month basis was $997,000, up 11 percent from enhanced productivity, business growth and market appreciation.\nAdvisor headcount increased to 10,368, which reflects the addition of 71 experienced advisors in the quarter and continued strong advisor retention.\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nAsset Management Segment Adjusted Operating Results\n\n\n\nQuarter Ended September 30,\n% Better/(Worse)\n\n\n(in millions, unaudited)\n\n2024\n\n\n2023\n\n\nAdjusted operating net revenues\n$\n882\n\n\n$\n826\n\n7\n%\n\n\n\n\n\n\n\n\n\nDistribution expenses\n\n250\n\n\n\n234\n\n(7\n)%\n\n\nAmortization of deferred acquisition costs\n\n2\n\n\n\n1\n\nNM\n\n\n\nInterest and debt expense\n\n2\n\n\n\n2\n\n—\n%\n\n\nGeneral and administrative expenses\n\n383\n\n\n\n390\n\n2\n%\n\n\nAdjusted operating expenses\n\n637\n\n\n\n627\n\n(2\n)%\n\n\nPretax adjusted operating earnings\n$\n245\n\n\n$\n199\n\n23\n%\n\n\n\n\n\n\n\n\n\nNet pretax adjusted operating margin (1)\n\n40.9\n%\n\n\n35.7\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nQuarter Ended September 30,\n% Better/(Worse)\n\n\n(in billions)\n2024\n\n2023\n\n\nTotal segment AUM\n$\n672\n\n\n$\n587\n\n14\n%\n\n\n\n\n\n\n\n\n\nNet Flows\n\n\n\n\n\n\nGlobal Retail net AUM flows, ex. legacy insurance partners\n$\n(2.7\n)\n\n$\n(3.8\n)\n29\n%\n\n\nModel delivery AUA flows (2)\n\n1.2\n\n\n\n0.2\n\nNM\n\n\n\nTotal retail net AUM flows and model delivery AUA flows (2)\n\n(1.5\n)\n\n\n(3.6\n)\n58\n%\n\n\n\n\n\n\n\n\n\nGlobal Institutional net AUM flows, ex. legacy insurance partners\n\n—\n\n\n\n0.5\n\nNM\n\n\n\n\n\n\n\n\n\n\nLegacy insurance partners AUM flows\n\n(0.9\n)\n\n\n(0.9\n)\n—\n%\n\n\nTotal Net AUM and AUA flows (2)\n$\n(2.4\n)\n\n$\n(4.0\n)\n40\n%\n\n\n\n\n\n\n\n\n\n(1) See reconciliation on page 13.\n\n\n\n\n\n\n(2) Model Delivery Assets Under Advisement flows are estimated based on the period-to-period change in assets less calculated performance based on strategy returns on a one-quarter lag.\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\nAsset Management adjusted operating net revenues grew 7 percent to $882 million and pretax adjusted operating earnings increased 23 percent to $245 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 41 percent and above the company’s targeted range.\nAdjusted operating expenses increased 2 percent. General and administrative expenses improved 2 percent from a year ago, reflecting initial benefits from the company’s initiatives to enhance operational efficiency and effectiveness to further strengthen the client experience and future profitability.\nTotal assets under management increased 14 percent to $672 billion. The underlying fee rate remained stable.\nTotal net outflows improved 40 percent to $2.4 billion and included $0.9 billion of outflows related to legacy insurance partners. Retail and model delivery net outflows were $1.5 billion, representing a $2.1 billion improvement from the prior year from stronger gross sales in both North America and EMEA, as well as strong model delivery net inflows.\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nRetirement & Protection Solutions Segment Adjusted Operating Results\n\n\n\nQuarter Ended September 30,\n\n% Better/(Worse)\n\n\n(in millions, unaudited)\n2024\n\n2023\n\n\n\nAdjusted operating net revenues\n$\n973\n\n\n$\n876\n\n\n11\n%\n\n\nAdjusted operating expenses\n\n855\n\n\n\n776\n\n\n(10\n)%\n\n\nPretax adjusted operating earnings (including unlocking)\n$\n118\n\n\n$\n100\n\n\n18\n%\n\n\nUnlocking\n\n(90\n)\n\n\n(104\n)\n\n13\n%\n\n\nPretax adjusted operating earnings excluding unlocking\n$\n208\n\n\n$\n204\n\n\n2\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\nRetirement & Protection Solutions pretax adjusted operating earnings excluding unlocking increased 2 percent to $208 million or $603 million on a year-to-date basis. The strong and consistent performance of the business reflects the benefit from 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.\nRetirement & Protection Solutions sales increased 15 percent to $1.4 billion fueled by Advice & Wealth Management client demand for structured variable annuities and variable universal life products.\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nCorporate & Other Segment Adjusted Operating Results\n\n\n\nQuarter Ended September 30,\n\n% Better/(Worse)\n\n\n(in millions, unaudited)\n2024\n\n2023\n\n\n\nCorporate & Other\n$\n(145\n)\n\n$\n(74\n)\n\n(96\n)%\n\n\nClosed Blocks (1)\n\n2\n\n\n\n2\n\n\n—\n%\n\n\nPretax adjusted operating earnings\n$\n(143\n)\n\n$\n(72\n)\n\n(99\n)%\n\n\nUnlocking\n\n(4\n)\n\n\n5\n\n\nNM\n\n\n\nPretax adjusted operating earnings excluding unlocking\n$\n(139\n)\n\n$\n(77\n)\n\n(81\n)%\n\n\n\n\n\n\n\n\n\n\nLong Term Care excluding unlocking\n$\n13\n\n\n$\n5\n\n\nNM\n\n\n\nFixed Annuities excluding unlocking\n\n(7\n)\n\n\n(8\n)\n\n13\n%\n\n\nPretax adjusted operating earnings excluding unlocking\n$\n6\n\n\n$\n(3\n)\n\nNM\n\n\n\n\n\n\n\n\n\n\n\n(1) Long Term Care and Fixed Annuities.\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\nCorporate & Other, excluding Closed Blocks, pretax adjusted operating loss was $145 million, of which $56 million was related to $34 million of severance and severance program expenses, as well as $22 million of expenses to accelerate the firm’s transition to cloud-based technology platforms, higher compensation accruals related to strong performance and mark-to-market impacts on share-based compensation.\nLong Term Care pretax adjusted operating earnings excluding unlocking were $13 million, or $41 million year-to-date, a continuation of an improved performance trend.\nFixed Annuities pretax adjusted operating loss excluding unlocking was in line with expectations at $7 million.\nTaxes\nThe operating effective tax rate decreased to 20.8 percent for the third quarter and 20.1 percent on a year-to-date basis. The effective tax rate is expected to be in the 20 to 21 percent range for the full year.\nAbout Ameriprise Financial\nAt 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.\nAmeriprise 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.\nNon-GAAP Financial Measures\nThe 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.\nForward-Looking Statements\nThis 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:\n\nstatements 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;\nother 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;\nstatements estimating the financial impacts and future profitability arising from the company’s initiatives to enhance operational efficiency and effectiveness;\nstatements about higher sustainable net investment income at the bank and the forecast for a lower rate environment;\nstatements about continued improved performance of long term care operating earnings;\nstatements estimating the expected full year 2024 operating effective tax rate; and\nstatements of assumptions underlying such statements.\n\nThe 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.\nReaders 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.\nThe financial results discussed in this news release represent past perfo...rmance 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 September 30, 2024.\nAmeriprise 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.\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nConsolidated GAAP Results\n\n\n(in millions, except per share amounts, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\nRevenues\n\n\n\n\n\n\n\n\nManagement and financial advice fees\n$\n2,573\n\n\n$\n2,287\n\n13\n%\n$\n2,456\n\n5\n%\n\n\nDistribution fees\n\n513\n\n\n\n463\n\n11\n%\n\n505\n\n2\n%\n\n\nNet investment income\n\n934\n\n\n\n809\n\n15\n%\n\n921\n\n1\n%\n\n\nPremiums, policy and contract charges\n\n409\n\n\n\n390\n\n5\n%\n\n381\n\n7\n%\n\n\nOther revenues\n\n131\n\n\n\n127\n\n3\n%\n\n129\n\n2\n%\n\n\nTotal revenues\n\n4,560\n\n\n\n4,076\n\n12\n%\n\n4,392\n\n4\n%\n\n\nBanking and deposit interest expense\n\n163\n\n\n\n151\n\n(8\n)%\n\n172\n\n5\n%\n\n\nTotal net revenues\n\n4,397\n\n\n\n3,925\n\n12\n%\n\n4,220\n\n4\n%\n\n\n\n\n\n\n\n\n\n\n\nExpenses\n\n\n\n\n\n\n\n\nDistribution expenses\n\n1,539\n\n\n\n1,297\n\n(19\n)%\n\n1,450\n\n(6\n)%\n\n\nInterest credited to fixed accounts\n\n118\n\n\n\n139\n\n15\n%\n\n185\n\n36\n%\n\n\nBenefits, claims, losses and settlement expenses\n\n430\n\n\n\n120\n\nNM\n\n\n331\n\n(30\n)%\n\n\nRemeasurement (gains) losses of future policy benefit reserves\n\n(22\n)\n\n\n(12\n)\n83\n%\n\n(8\n)\nNM\n\n\n\nChange in fair value of market risk benefits\n\n566\n\n\n\n168\n\nNM\n\n\n110\n\nNM\n\n\n\nAmortization of deferred acquisition costs\n\n59\n\n\n\n62\n\n5\n%\n\n61\n\n3\n%\n\n\nInterest and debt expense\n\n87\n\n\n\n84\n\n(4\n)%\n\n83\n\n(5\n)%\n\n\nGeneral and administrative expense\n\n975\n\n\n\n950\n\n(3\n)%\n\n957\n\n(2\n)%\n\n\nTotal expenses\n\n3,752\n\n\n\n2,808\n\n(34\n)%\n\n3,169\n\n(18\n)%\n\n\nPretax income\n\n645\n\n\n\n1,117\n\n(42\n)%\n\n1,051\n\n(39\n)%\n\n\nIncome tax provision\n\n134\n\n\n\n245\n\n(45\n)%\n\n222\n\n(40\n)%\n\n\nNet income\n$\n511\n\n\n$\n872\n\n(41\n)%\n$\n829\n\n(38\n)%\n\n\n\n\n\n\n\n\n\n\n\nEarnings per share\n\n\n\n\n\n\n\n\nBasic earnings per share\n$\n5.09\n\n\n$\n8.31\n\n\n$\n8.16\n\n\n\n\nEarnings per diluted share\n$\n5.00\n\n\n$\n8.14\n\n\n$\n8.02\n\n\n\n\n\n\n\n\n\n\n\n\n\nWeighted average common shares outstanding\n\n\n\n\n\n\n\n\nBasic\n\n100.4\n\n\n\n104.9\n\n\n\n101.6\n\n\n\n\nDiluted\n\n102.2\n\n\n\n107.1\n\n\n\n103.4\n\n\n\n\n\n\n\n\n\n\n\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nConsolidated Highlights and Capital Summary\n\n\n(in millions unless otherwise noted, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\n\n\n\n\n\n\nAssets Under Management and Administration\n\n\n\n\n\n\n\nAdvice & Wealth Management AUM\n$\n565,152\n\n\n$\n440,703\n\n28\n%\n$\n531,268\n\n6\n%\n\n\nAsset Management AUM\n\n672,110\n\n\n\n587,171\n\n14\n%\n\n641,880\n\n5\n%\n\n\nCorporate AUM\n\n523\n\n\n\n349\n\n50\n%\n\n490\n\n7\n%\n\n\nEliminations\n\n(45,839\n)\n\n\n(37,795\n)\n(21\n)%\n\n(44,136\n)\n(4\n)%\n\n\nTotal Assets Under Management\n\n1,191,946\n\n\n\n990,428\n\n20\n%\n\n1,129,502\n\n6\n%\n\n\nTotal Assets Under Administration\n\n314,173\n\n\n\n242,336\n\n30\n%\n\n298,468\n\n5\n%\n\n\nTotal AUM and AUA\n$\n1,506,119\n\n\n$\n1,232,764\n\n22\n%\n$\n1,427,970\n\n5\n%\n\n\n\n\n\n\n\n\n\n\n\nS&P 500\n\n\n\n\n\n\n\n\nDaily average\n\n5,546\n\n\n\n4,456\n\n24\n%\n\n5,253\n\n6\n%\n\n\nPeriod end\n\n5,762\n\n\n\n4,288\n\n34\n%\n\n5,460\n\n6\n%\n\n\n\n\n\n\n\n\n\n\n\nWeighted Equity Index (WEI) (1)\n\n\n\n\n\n\n\n\nDaily average\n\n3,528\n\n\n\n2,903\n\n22\n%\n\n3,358\n\n5\n%\n\n\nPeriod end\n\n3,664\n\n\n\n2,788\n\n31\n%\n\n3,456\n\n6\n%\n\n\n\n\n\n\n\n\n\n\n\nCommon shares\n\n\n\n\n\n\n\n\nBeginning balance\n\n98.4\n\n\n\n102.8\n\n(4\n)%\n\n99.6\n\n(1\n)%\n\n\nRepurchases\n\n(1.3\n)\n\n\n(1.5\n)\n13\n%\n\n(1.3\n)\n—\n%\n\n\nIssuances\n\n0.2\n\n\n\n0.3\n\n(33\n)%\n\n0.1\n\nNM\n\n\n\nOther\n\n(0.1\n)\n\n\n(0.2\n)\n50\n%\n\n—\n\n—\n%\n\n\nTotal common shares outstanding\n\n97.2\n\n\n\n101.4\n\n(4\n)%\n\n98.4\n\n(1\n)%\n\n\nRestricted stock units\n\n2.5\n\n\n\n2.6\n\n(4\n)%\n\n2.6\n\n(4\n)%\n\n\nTotal basic common shares outstanding\n\n99.7\n\n\n\n104.0\n\n(4\n)%\n\n101.0\n\n(1\n)%\n\n\nTotal potentially dilutive shares\n\n1.9\n\n\n\n2.2\n\n(14\n)%\n\n1.8\n\n6\n%\n\n\nTotal diluted shares\n\n101.6\n\n\n\n106.2\n\n(4\n)%\n\n102.8\n\n(1\n)%\n\n\n\n\n\n\n\n\n\n\n\nCapital Returned to Shareholders\n\n\n\n\n\n\n\n\nDividends paid\n$\n150\n\n\n$\n143\n\n5\n%\n$\n151\n\n(1\n)%\n\n\nCommon stock share repurchases\n\n563\n\n\n\n520\n\n8\n%\n\n542\n\n4\n%\n\n\nTotal Capital Returned to Shareholders\n$\n713\n\n\n$\n663\n\n8\n%\n$\n693\n\n3\n%\n\n\n\n\n\n\n\n\n\n\n\n(1) Weighted Equity Index is an Ameriprise calculated proxy for equity market movements calculated using a weighted average of the S&P 500, Russell 2000, Russell Midcap and MSCI EAFE indices based on North America distributed equity assets.\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nAdvice & Wealth Management Segment Adjusted Operating Results\n\n\n(in millions, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\nRevenues\n\n\n\n\n\n\n\n\n\n\n\nManagement and financial advice fees:\n\n\n\n\n\n\n\n\n\n\n\nAdvisory fees\n$\n1,451\n\n\n$\n1,228\n\n18\n%\n$\n1,361\n\n7\n%\n\n\nFinancial planning fees\n\n111\n\n\n\n102\n\n9\n%\n\n110\n\n1\n%\n\n\nTransaction and other fees\n\n97\n\n\n\n94\n\n3\n%\n\n100\n\n(3\n)%\n\n\nTotal management and financial advice fees\n\n1,659\n\n\n\n1,424\n\n17\n%\n\n1,571\n\n6\n%\n\n\nDistribution fees:\n\n\n\n\n\n\n\n\n\n\n\nMutual funds\n\n209\n\n\n\n184\n\n14\n%\n\n199\n\n5\n%\n\n\nInsurance and annuity\n\n266\n\n\n\n226\n\n18\n%\n\n260\n\n2\n%\n\n\nOff-Balance sheet brokerage cash\n\n32\n\n\n\n58\n\n(45\n)%\n\n40\n\n(20\n)%\n\n\nOther products\n\n107\n\n\n\n84\n\n27\n%\n\n109\n\n(2\n)%\n\n\nTotal distribution fees\n\n614\n\n\n\n552\n\n11\n%\n\n608\n\n1\n%\n\n\nNet investment income\n\n554\n\n\n\n517\n\n7\n%\n\n560\n\n(1\n)%\n\n\nOther revenues\n\n78\n\n\n\n65\n\n20\n%\n\n77\n\n1\n%\n\n\nTotal revenues\n\n2,905\n\n\n\n2,558\n\n14\n%\n\n2,816\n\n3\n%\n\n\nBanking and deposit interest expense\n\n163\n\n\n\n151\n\n(8\n)%\n\n172\n\n5\n%\n\n\nAdjusted operating total net revenues\n\n2,742\n\n\n\n2,407\n\n14\n%\n\n2,644\n\n4\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nExpenses\n\n\n\n\n\n\n\n\n\n\n\nDistribution expenses\n\n1,488\n\n\n\n1,253\n\n(19\n)%\n\n1,403\n\n(6\n)%\n\n\nInterest and debt expense\n\n9\n\n\n\n6\n\n(50\n)%\n\n10\n\n10\n%\n\n\nGeneral and administrative expense\n\n419\n\n\n\n419\n\n—\n%\n\n409\n\n(2\n)%\n\n\nAdjusted operating expenses\n\n1,916\n\n\n\n1,678\n\n(14\n)%\n\n1,822\n\n(5\n)%\n\n\nPretax adjusted operating earnings\n$\n826\n\n\n$\n729\n\n13\n%\n$\n822\n\n—\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPretax adjusted operating margin\n\n30.1\n%\n\n\n30.3\n%\n\n\n31.1\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nAdvice & Wealth Management Segment Operating Metrics\n\n\n(in millions unless otherwise noted, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\n\n\n\n\n\n\nAWM Total Client Assets\n$\n1,024,467\n\n\n$\n816,019\n\n26\n%\n$\n972,135\n\n5\n%\n\n\n\n\n\n\n\n\n\n\n\nTotal Client Flows\n$\n8,613\n\n\n$\n8,901\n\n(3\n)%\n$\n6,604\n\n30\n%\n\n\n\n\n\n\n\n\n\n\n\nTotal Wrap Accounts\n\n\n\n\n\n\n\n\nBeginning assets\n$\n534,990\n\n\n$\n454,689\n\n18\n%\n$\n521,722\n\n3\n%\n\n\nNet flows\n\n7,992\n\n\n\n5,391\n\n48\n%\n\n7,521\n\n6\n%\n\n\nMarket appreciation (depreciation) and other\n\n26,072\n\n\n\n(16,019\n)\nNM\n\n\n5,747\n\nNM\n\n\n\nTotal wrap ending assets\n$\n569,054\n\n\n$\n444,061\n\n28\n%\n$\n534,990\n\n6\n%\n\n\n\n\n\n\n\n\n\n\n\nAdvisory wrap account assets ending balance (1)\n$\n563,438\n\n\n$\n439,341\n\n28\n%\n$\n529,642\n\n6\n%\n\n\n\n\n\n\n\n\n\n\n\nBrokerage Cash & Certificates Balances\n\n\n\n\n\n\n\n\nOn-balance sheet (Net Investment Income)\n\n\n\n\n\n\n\n\nOn-balance sheet - broker dealer\n$\n2,633\n\n\n$\n2,554\n\n3\n%\n$\n2,279\n\n16\n%\n\n\nOn-balance sheet - bank\n\n21,731\n\n\n\n20,970\n\n4\n%\n\n21,466\n\n1\n%\n\n\nOn-balance sheet - certificate\n\n11,998\n\n\n\n12,612\n\n(5\n)%\n\n12,526\n\n(4\n)%\n\n\nTotal on-balance sheet\n$\n36,362\n\n\n$\n36,136\n\n1\n%\n$\n36,271\n\n—\n%\n\n\nOff-balance sheet (Distribution Fees)\n\n\n\n\n\n\n\n\nOff-balance sheet - broker dealer\n$\n3,714\n\n\n$\n4,347\n\n(15\n)%\n$\n4,359\n\n(15\n)%\n\n\nTotal brokerage cash & certificates balances\n$\n40,076\n\n\n$\n40,483\n\n(1\n)%\n$\n40,630\n\n(1\n)%\n\n\n\n\n\n\n\n\n\n\n\nGross Fee Yield\n\n\n\n\n\n\n\n\nOn-balance sheet - broker dealer\n\n5.27\n%\n\n\n5.30\n%\n\n\n5.34\n%\n\n\n\nOn-balance sheet - bank\n\n5.02\n%\n\n\n4.97\n%\n\n\n5.15\n%\n\n\n\nOn-balance sheet - certificates\n\n5.63\n%\n\n\n5.40\n%\n\n\n5.66\n%\n\n\n\nOff-balance sheet - broker dealer\n\n3.28\n%\n\n\n4.28\n%\n\n\n3.08\n%\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial Advisors\n\n\n\n\n\n\n\n\nEmployee advisors\n\n2,212\n\n\n\n2,104\n\n5\n%\n\n2,236\n\n(1\n)%\n\n\nFranchisee advisors\n\n8,156\n\n\n\n8,154\n\n—\n%\n\n8,156\n\n—\n%\n\n\nTotal financial advisors\n\n10,368\n\n\n\n10,258\n\n1\n%\n\n10,392\n\n—\n%\n\n\n\n\n\n\n\n\n\n\n\nAdvisor Retention\n\n\n\n\n\n\n\n\nEmployee\n\n92.5\n%\n\n\n92.2\n%\n\n\n93.2\n%\n\n\n\nFranchisee\n\n92.5\n%\n\n\n92.8\n%\n\n\n92.6\n%\n\n\n\n\n\n\n\n\n\n\n\n\n(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.\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nAsset Management Segment Adjusted Operating Results\n\n\n(in millions, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\nRevenues\n\n\n\n\n\n\n\n\nManagement and financial advice fees:\n\n\n\n\n\n\n\n\nAsset management fees:\n\n\n\n\n\n\n\n\nRetail\n$\n540\n\n\n$\n499\n\n8\n%\n$\n522\n\n3\n%\n\n\nInstitutional\n\n143\n\n\n\n148\n\n(3\n)%\n\n140\n\n2\n%\n\n\nModel delivery (1)\n\n21\n\n\n\n17\n\n24\n%\n\n21\n\n—\n%\n\n\nTransaction and other fees\n\n52\n\n\n\n50\n\n4\n%\n\n52\n\n—\n%\n\n\nRevenue from other sources (2)\n\n4\n\n\n\n3\n\n33\n%\n\n3\n\n33\n%\n\n\nTotal management and financial advice fees\n\n760\n\n\n\n717\n\n6\n%\n\n738\n\n3\n%\n\n\nDistribution fees:\n\n\n\n\n\n\n\n\nMutual funds\n\n57\n\n\n\n53\n\n8\n%\n\n56\n\n2\n%\n\n\nInsurance and annuity\n\n41\n\n\n\n39\n\n5\n%\n\n40\n\n3\n%\n\n\nTotal distribution fees\n\n98\n\n\n\n92\n\n7\n%\n\n96\n\n2\n%\n\n\nNet investment income\n\n17\n\n\n\n10\n\n70\n%\n\n12\n\n42\n%\n\n\nOther revenues\n\n7\n\n\n\n7\n\n—\n%\n\n2\n\nNM\n\n\n\nTotal revenues\n\n882\n\n\n\n826\n\n7\n%\n\n848\n\n4\n%\n\n\nBanking and deposit interest expense\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nAdjusted operating total net revenues\n\n882\n\n\n\n826\n\n7\n%\n\n848\n\n4\n%\n\n\n\n\n\n\n\n\n\n\n\nExpenses\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDistribution expenses\n\n250\n\n\n\n234\n\n(7\n)%\n\n244\n\n(2\n)%\n\n\nAmortization of deferred acquisition costs\n\n2\n\n\n\n1\n\nNM\n\n\n1\n\nNM\n\n\n\nInterest and debt expense\n\n2\n\n\n\n2\n\n—\n%\n\n1\n\nNM\n\n\n\nGeneral and administrative expense\n\n383\n\n\n\n390\n\n2\n%\n\n384\n\n—\n%\n\n\nAdjusted operating expenses\n\n637\n\n\n\n627\n\n(2\n)%\n\n630\n\n(1\n)%\n\n\nPretax adjusted operating earnings\n$\n245\n\n\n$\n199\n\n23\n%\n$\n218\n\n12\n%\n\n\n\n\n\n\n\n\n\n\n\nNet Pretax Adjusted Operating Margin Reconciliation\n\n\n\n\n\n\n\nAdjusted operating total net revenues\n$\n882\n\n\n$\n826\n\n7\n%\n$\n848\n\n4\n%\n\n\nDistribution pass through revenues\n\n(198\n)\n\n\n(186\n)\n(6\n)%\n\n(192\n)\n(3\n)%\n\n\nSubadvisory and other pass through revenues\n\n(104\n)\n\n\n(96\n)\n(8\n)%\n\n(98\n)\n(6\n)%\n\n\nNet adjusted operating revenues\n$\n580\n\n\n$\n544\n\n7\n%\n$\n558\n\n4\n%\n\n\n\n\n\n\n\n\n\n\n\nPretax adjusted operating earnings\n$\n245\n\n\n$\n199\n\n23\n%\n$\n218\n\n12\n%\n\n\nAdjusted operating net investment income\n\n(17\n)\n\n\n(10\n)\n(70\n)%\n\n(12\n)\n(42\n)%\n\n\nAmortization of intangibles\n\n9\n\n\n\n5\n\n80\n%\n\n4\n\nNM\n\n\n\nNet adjusted operating earnings\n$\n237\n\n\n$\n194\n\n22\n%\n$\n210\n\n13\n%\n\n\n\n\n\n\n\n\n\n\n\nPretax adjusted operating margin\n\n27.8\n%\n\n\n24.1\n%\n\n\n25.7\n%\n\n\n\nNet pretax adjusted operating margin (3)\n\n40.9\n%\n\n\n35.7\n%\n\n\n37.6\n%\n\n\n\n\n\n\n\n\n\n\n\n\nTotal Performance fees (4)\n\n\n\n\n\n\n\n\nPerformance fees\n$\n—\n\n\n$\n7\n\nNM\n\n$\n2\n\nNM\n\n\n\nGeneral and administrative expense related to performance fees\n\n—\n\n\n\n1\n\nNM\n\n\n1\n\nNM\n\n\n\nNet performance fees\n$\n—\n\n\n$\n6\n\nNM\n\n$\n1\n\nNM\n\n\n\n\n\n\n\n\n\n\n\n\n(1) Prior period amounts have been reclassified from Institutional to conform to current year presentation.\n\n\n(2) Includes revenue from separate accounts that qualify as investment contracts under insurance accounting standards.\n\n\n(3) Calculated as net adjusted operating earnings as a percentage of net adjusted operating revenues.\n\n\n(4) Performance fees do not include CLO incentive fees.\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nAsset Management Segment Operating Metrics\n\n\n(in millions, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\n\n\n\n\n\n\nManaged Assets Rollforward\n\n\n\n\n\n\n\n\nGlobal Retail Funds\n\n\n\n\n\n\n\n\nBeginning assets\n$\n347,460\n\n\n$\n327,420\n\n6\n%\n$\n349,567\n\n(1\n)%\n\n\nInflows\n\n13,129\n\n\n\n11,223\n\n17\n%\n\n12,536\n\n5\n%\n\n\nOutflows\n\n(15,724\n)\n\n\n(15,166\n)\n(4\n)%\n\n(18,658\n)\n16\n%\n\n\nNet VP/VIT fund flows\n\n(1,741\n)\n\n\n(1,216\n)\n(43\n)%\n\n(1,607\n)\n(8\n)%\n\n\nNet new flows\n\n(4,336\n)\n\n\n(5,159\n)\n16\n%\n\n(7,729\n)\n44\n%\n\n\nReinvested dividends\n\n1,579\n\n\n\n1,320\n\n20\n%\n\n1,758\n\n(10\n)%\n\n\nNet flows\n\n(2,757\n)\n\n\n(3,839\n)\n28\n%\n\n(5,971\n)\n54\n%\n\n\nDistributions\n\n(1,770\n)\n\n\n(1,514\n)\n(17\n)%\n\n(2,099\n)\n16\n%\n\n\nMarket appreciation (depreciation) and other\n\n15,521\n\n\n\n(8,478\n)\nNM\n\n\n5,889\n\nNM\n\n\n\nForeign currency translation (1)\n\n3,965\n\n\n\n(3,419\n)\nNM\n\n\n74\n\nNM\n\n\n\nTotal ending assets\n\n362,419\n\n\n\n310,170\n\n17\n%\n\n347,460\n\n4\n%\n\n\n% of total retail assets sub-advised\n\n16.2\n%\n\n\n16.0\n%\n\n\n16.0\n%\n\n\n\n\n\n\n\n\n\n\n\n\nGlobal Institutional\n\n\n\n\n\n\n\n\nBeginning assets\n\n294,420\n\n\n\n289,178\n\n2\n%\n\n302,510\n\n(3\n)%\n\n\nInflows (2)\n\n8,168\n\n\n\n8,404\n\n(3\n)%\n\n10,273\n\n(20\n)%\n\n\nOutflows (2)\n\n(8,989\n)\n\n\n(8,809\n)\n(2\n)%\n\n(16,360\n)\n45\n%\n\n\nNet flows\n\n(821\n)\n\n\n(405\n)\nNM\n\n\n(6,087\n)\n87\n%\n\n\nMarket appreciation (depreciation) and other (3)\n\n7,840\n\n\n\n(4,607\n)\nNM\n\n\n(2,117\n)\nNM\n\n\n\nForeign currency translation (1)\n\n8,252\n\n\n\n(7,165\n)\nNM\n\n\n114\n\nNM\n\n\n\nTotal ending assets\n\n309,691\n\n\n\n277,001\n\n12\n%\n\n294,420\n\n5\n%\n\n\n\n\n\n\n\n\n\n\n\nTotal managed assets\n$\n672,110\n\n\n$\n587,171\n\n14\n%\n$\n641,880\n\n5\n%\n\n\n\n\n\n\n\n\n\n\n\nTotal AUM net flows\n$\n(3,578\n)\n\n$\n(4,244\n)\n16\n%\n$\n(12,058\n)\n70\n%\n\n\n\n\n\n\n\n\n\n\n\nLegacy insurance partners flows\n$\n(869\n)\n\n$\n(950\n)\n9\n%\n$\n(9,104\n)\n90\n%\n\n\n\n\n\n\n\n\n\n\n\nTotal Assets Under Advisement (4)\n$\n33,297\n\n\n$\n26,756\n\n24\n%\n$\n31,980\n\n4\n%\n\n\nModel delivery AUA flows (5)\n$\n1,212\n\n\n$\n213\n\nNM\n\n$\n923\n\n31\n%\n\n\n\n\n\n\n\n\n\n\n\nTotal AUM and AUA Flows (5)\n\n(2,366\n)\n\n\n(4,031\n)\n41\n%\n\n(11,135\n)\n79\n%\n\n\n\n\n\n\n\n\n\n\n\n(1) Amounts represent local currency to US dollar translation for reporting purposes.\n\n\n(2) Global Institutional inflows and outflows include net flows from our RiverSource Structured Annuity product and Ameriprise Bank, FSB.\n\n\n(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.\n\n\n(4) Assets are presented on a one-quarter lag.\n\n\n(5) AUA flows are estimated flows based on the period-to-period change in assets less calculated performance based on strategy returns on a one-quarter lag.\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nAsset Management Segment Operating Metrics\n\n\n(in millions, unaudited)\n3 Qtr 2024\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal Managed Assets by Type\n\n\n\n\n\n\n\n\n\n\nEquity\n$\n353,812\n\n\n$\n299,078\n\n18\n%\n$\n340,206\n\n4\n%\n\n\nFixed income\n\n243,533\n\n\n\n214,839\n\n13\n%\n\n226,655\n\n7\n%\n\n\nMoney market\n\n21,672\n\n\n\n22,719\n\n(5\n)%\n\n22,759\n\n(5\n)%\n\n\nAlternative\n\n33,303\n\n\n\n33,602\n\n(1\n)%\n\n33,187\n\n—\n%\n\n\nHybrid and other\n\n19,790\n\n\n\n16,933\n\n17\n%\n\n19,073\n\n4\n%\n\n\nTotal managed assets by type\n$\n672,110\n\n\n$\n587,171\n\n14\n%\n$\n641,880\n\n5\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\nAverage Managed Assets by Type (1)\n\n\n\n\n\n\n\n\n\n\nEquity\n$\n347,466\n\n\n$\n313,909\n\n11\n%\n$\n336,469\n\n3\n%\n\n\nFixed income\n\n235,845\n\n\n\n222,745\n\n6\n%\n\n228,662\n\n3\n%\n\n\nMoney market\n\n22,213\n\n\n\n22,583\n\n(2\n)%\n\n22,540\n\n(1\n)%\n\n\nAlternative\n\n33,388\n\n\n\n34,797\n\n(4\n)%\n\n33,014\n\n1\n%\n\n\nHybrid and other\n\n19,457\n\n\n\n17,533\n\n11\n%\n\n18,759\n\n4\n%\n\n\nTotal average managed assets by type\n$\n658,369\n\n\n$\n611,567\n\n8\n%\n$\n639,444\n\n3\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n(1) Average ending balances are calculated using the average of the prior period’s ending balance and all months in the current period.\n\n\n\n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nAsset Management Segment Performance Metrics\n\n\n\n3 Qtr 2024\n\n\n\n\n\n\n\n\n\nRetail Fund Rankings in Top 2 Quartiles or Above Index Benchmark - Asset Weighted\n1 year\n3 year\n5 year\n10 year\n\n\nEquity\n40\n%\n69\n%\n78\n%\n86\n%\n\n\nFixed Income\n88\n%\n71\n%\n81\n%\n95\n%\n\n\nAsset Allocation\n90\n%\n57\n%\n89\n%\n90\n%\n\n\n\n\n\n\n\n\n\n4- or 5-star Morningstar rated funds\nOverall\n3 year\n5 year\n10 year\n\n\nNumber of Rated Funds\n118\n\n73\n\n87\n\n103\n\n\n\n\n\n\n\n\n\n\nRetail 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.\n\n\n\n\n\n\n\n\n\nTo 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.\n\n\n\n\n\n\n\n\n\nAggregated Asset Allocation Funds may include funds that invest in other Columbia or Threadneedle branded mutual funds included in both equity and fixed income.\n\n\n\n\n\n\n\n\n\nMorningstar as of 09/30/24. 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 42 received a 4-star Overall Rating. Out of 139 Threadneedle funds rated (based on highest-rated share class), 21 received a 5-star Overall Rating and 51 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.\n\n\n\n\n\n© 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.\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nRetirement & Protection Solutions Segment Adjusted Operating Results\n\n\n(in millions, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\n\n\n\n\n\n\nRevenues\n\n\n\n\n\n\n\n\nManagement and financial advice fees\n$\n196\n\n\n$\n186\n\n5\n%\n$\n189\n\nNM\n\n\n\nDistribution fees\n\n106\n\n\n\n101\n\n5\n%\n\n104\n\nNM\n\n\n\nNet investment income\n\n281\n\n\n\n215\n\n31\n%\n\n266\n\nNM\n\n\n\nPremiums, policy and contract charges\n\n388\n\n\n\n372\n\n4\n%\n\n367\n\nNM\n\n\n\nOther revenues\n\n2\n\n\n\n2\n\n—\n%\n\n2\n\n—\n%\n\n\nTotal revenues\n\n973\n\n\n\n876\n\n11\n%\n\n928\n\nNM\n\n\n\nBanking and deposit interest expense\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nAdjusted operating total net revenues\n\n973\n\n\n\n876\n\n11\n%\n\n928\n\nNM\n\n\n\n\n\n\n\n\n\n\n\n\nExpenses\n\n\n\n\n\n\n\n\nDistribution expenses\n\n131\n\n\n\n117\n\n(12\n)%\n\n129\n\n(2\n)%\n\n\nInterest credited to fixed accounts\n\n92\n\n\n\n94\n\n2\n%\n\n93\n\n1\n%\n\n\nBenefits, claims, losses and settlement expenses\n\n253\n\n\n\n168\n\n(51\n)%\n\n226\n\n(12\n)%\n\n\nRemeasurement (gains) losses of future policy benefit reserves\n\n(25\n)\n\n\n(10\n)\nNM\n\n\n(5\n)\nNM\n\n\n\nChange in fair value of market risk benefits\n\n257\n\n\n\n259\n\n1\n%\n\n142\n\n(81\n)%\n\n\nAmortization of deferred acquisition costs\n\n57\n\n\n\n57\n\n—\n%\n\n57\n\n—\n%\n\n\nInterest and debt expense\n\n11\n\n\n\n12\n\n8\n%\n\n12\n\n8\n%\n\n\nGeneral and administrative expense\n\n79\n\n\n\n79\n\n—\n%\n\n78\n\n(1\n)%\n\n\nAdjusted operating expenses\n\n855\n\n\n\n776\n\n(10\n)%\n\n732\n\n(17\n)%\n\n\nPretax adjusted operating earnings\n$\n118\n\n\n$\n100\n\n18\n%\n$\n196\n\nNM\n\n\n\n\n\n\n\n\n\n\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nRetirement & Protection Solutions Segment Operating Metrics\n\n\n(in millions, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\n\n\n\n\n\n\nVariable Annuities Rollforwards\n\n\n\n\n\n\n\n\nBeginning balance\n$\n84,534\n\n\n$\n78,549\n\n8\n%\n$\n84,042\n\n1\n%\n\n\nDeposits\n\n1,231\n\n\n\n1,087\n\n13\n%\n\n1,364\n\n(10\n)%\n\n\nWithdrawals and terminations\n\n(2,190\n)\n\n\n(1,736\n)\n(26\n)%\n\n(2,127\n)\n(3\n)%\n\n\nNet flows\n\n(959\n)\n\n\n(649\n)\n(48\n)%\n\n(763\n)\n(26\n)%\n\n\nInvestment performance and interest credited\n\n4,078\n\n\n\n(2,816\n)\nNM\n\n\n1,255\n\nNM\n\n\n\nTotal ending balance - contract accumulation values\n$\n87,653\n\n\n$\n75,084\n\n17\n%\n$\n84,534\n\n4\n%\n\n\n\n\n\n\n\n\n\n\n\nVariable annuities fixed sub-accounts\n$\n3,837\n\n\n$\n4,395\n\n(13\n)%\n$\n3,935\n\n(2\n)%\n\n\n\n\n\n\n\n\n\n\n\nLife Insurance In Force\n$\n198,198\n\n\n$\n198,527\n\n—\n%\n$\n198,340\n\n—\n%\n\n\n\n\n\n\n\n\n\n\n\nNet Amount at Risk (Life)\n$\n37,895\n\n\n$\n37,917\n\n—\n%\n$\n38,203\n\n(1\n)%\n\n\n\n\n\n\n\n\n\n\n\nNet Policyholder Reserves\n\n\n\n\n\n\n\n\nVUL/UL\n$\n15,984\n\n\n$\n13,814\n\n16\n%\n$\n15,475\n\n3\n%\n\n\nTerm and whole life\n\n182\n\n\n\n175\n\n4\n%\n\n174\n\n5\n%\n\n\nDisability insurance\n\n503\n\n\n\n500\n\n1\n%\n\n505\n\n—\n%\n\n\nOther insurance\n\n513\n\n\n\n542\n\n(5\n)%\n\n524\n\n(2\n)%\n\n\nTotal net policyholder reserves\n$\n17,182\n\n\n$\n15,031\n\n14\n%\n$\n16,678\n\n3\n%\n\n\n\n\n\n\n\n\n\n\n\nDAC Ending Balances\n\n\n\n\n\n\n\n\nVariable Annuities DAC\n$\n1,684\n\n\n$\n1,713\n\n(2\n)%\n$\n1,692\n\n—\n%\n\n\nLife and Health DAC\n$\n955\n\n\n$\n963\n\n(1\n)%\n$\n956\n\n—\n%\n\n\n\n\n\n\n\n\n\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nCorporate Segment Adjusted Operating Results and Metrics\n\n\n(in millions, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\n\n\n\n\n\n\nCorporate Excluding Long Term Care and Fixed Annuities Adjusted Operating Income Statements\n\n\n\n\n\n\n\n\nRevenues\n\n\n\n\n\n\n\n\nManagement and financial advice fees\n$\n—\n\n\n$\n—\n\n—\n%\n$\n—\n\n—\n%\n\n\nDistribution fees\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nNet investment income\n\n(4\n)\n\n\n17\n\nNM\n\n\n(9\n)\n56\n%\n\n\nPremiums, policy and contract charges\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nOther revenues\n\n1\n\n\n\n2\n\n(50\n)%\n\n3\n\n(67\n)%\n\n\nTotal revenues\n\n(3\n)\n\n\n19\n\nNM\n\n\n(6\n)\n50\n%\n\n\nBanking and deposit interest expense\n\n7\n\n\n\n6\n\n(17\n)%\n\n7\n\n—\n%\n\n\nAdjusted operating total net revenues\n\n(10\n)\n\n\n13\n\nNM\n\n\n(13\n)\n23\n%\n\n\n\n\n\n\n\n\n\n\n\nExpenses\n\n\n\n\n\n\n\n\nDistribution expenses\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nInterest credited to fixed accounts\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nBenefits, claims, losses and settlement expenses\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nRemeasurement (gains) losses of future policy benefit reserves\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nChange in fair value of market risk benefits\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nAmortization of deferred acquisition costs\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nInterest and debt expense\n\n30\n\n\n\n27\n\n(11\n)%\n\n24\n\n(25\n)%\n\n\nGeneral and administrative expense\n\n105\n\n\n\n60\n\n(75\n)%\n\n86\n\n(22\n)%\n\n\nAdjusted operating expenses\n\n135\n\n\n\n87\n\n(55\n)%\n\n110\n\n(23\n)%\n\n\nPretax adjusted operating earnings (loss)\n$\n(145\n)\n\n$\n(74\n)\n(96\n)%\n$\n(123\n)\n(18\n)%\n\n\n\n\n\n\n\n\n\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nCorporate Segment Adjusted Operating Results and Metrics\n\n\n(in millions, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\n\n\n\n\n\n\nLong Term Care Adjusted Operating Income Statements\n\n\n\n\n\n\n\n\nRevenues\n\n\n\n\n\n\n\n\nManagement and financial advice fees\n$\n—\n\n\n$\n—\n\n—\n%\n$\n—\n\n—\n%\n\n\nDistribution fees\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nNet investment income\n\n49\n\n\n\n46\n\n7\n%\n\n48\n\n2\n%\n\n\nPremiums, policy and contract charges\n\n24\n\n\n\n25\n\n(4\n)%\n\n22\n\n9\n%\n\n\nOther revenues\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nTotal revenues\n\n73\n\n\n\n71\n\n3\n%\n\n70\n\n4\n%\n\n\nBanking and deposit interest expense\n\n1\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nAdjusted operating total net revenues\n\n72\n\n\n\n71\n\n1\n%\n\n70\n\n3\n%\n\n\n\n\n\n\n\n\n\n\n\nExpenses\n\n\n\n\n\n\n\n\nDistribution expenses\n\n(4\n)\n\n\n(3\n)\n33\n%\n\n(2\n)\nNM\n\n\n\nInterest credited to fixed accounts\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nBenefits, claims, losses and settlement expenses\n\n56\n\n\n\n58\n\n3\n%\n\n56\n\n—\n%\n\n\nRemeasurement (gains) losses of future policy benefit reserves\n\n3\n\n\n\n(2\n)\nNM\n\n\n(3\n)\nNM\n\n\n\nChange in fair value of market risk benefits\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nAmortization of deferred acquisition costs\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nInterest and debt expense\n\n2\n\n\n\n1\n\nNM\n\n\n1\n\nNM\n\n\n\nGeneral and administrative expense\n\n6\n\n\n\n7\n\n14\n%\n\n6\n\n—\n%\n\n\nAdjusted operating expenses\n\n63\n\n\n\n61\n\n(3\n)%\n\n58\n\n(9\n)%\n\n\nPretax adjusted operating earnings (loss)\n$\n9\n\n\n$\n10\n\n(10\n)%\n$\n12\n\n(25\n)%\n\n\n\n\n\n\n\n\n\n\n\nLong Term Care Policyholder Reserves, net of reinsurance\n$\n2,702\n\n\n$\n2,456\n\n10\n%\n$\n2,557\n\n6\n%\n\n\n\n\n\n\n\n\n\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nCorporate Segment Adjusted Operating Results and Metrics\n\n\n(in millions, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\n\n\n\n\n\n\nFixed Annuities Adjusted Operating Income Statements\n\n\n\n\n\n\n\n\nRevenues\n\n\n\n\n\n\n\n\nManagement and financial advice fees\n$\n—\n\n\n$\n—\n\n—\n%\n$\n—\n\n—\n%\n\n\nDistribution fees\n\n—\n\n\n\n1\n\nNM\n\n\n—\n\n—\n%\n\n\nNet investment income\n\n8\n\n\n\n8\n\n—\n%\n\n8\n\n—\n%\n\n\nPremiums, policy and contract charges\n\n—\n\n\n\n—\n\n—\n%\n\n1\n\nNM\n\n\n\nOther revenues\n\n44\n\n\n\n50\n\n(12\n)%\n\n45\n\n(2\n)%\n\n\nTotal revenues\n\n52\n\n\n\n59\n\n(12\n)%\n\n54\n\n(4\n)%\n\n\nBanking and deposit interest expense\n\n(1\n)\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nAdjusted operating total net revenues\n\n53\n\n\n\n59\n\n(10\n)%\n\n54\n\n(2\n)%\n\n\n\n\n\n\n\n\n\n\n\nExpenses\n\n\n\n\n\n\n\n\nDistribution expenses\n\n1\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nInterest credited to fixed accounts\n\n55\n\n\n\n59\n\n7\n%\n\n54\n\n(2\n)%\n\n\nBenefits, claims, losses and settlement expenses\n\n—\n\n\n\n1\n\nNM\n\n\n1\n\nNM\n\n\n\nRemeasurement (gains) losses of future policy benefit reserves\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nChange in fair value of market risk benefits\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nAmortization of deferred acquisition costs\n\n—\n\n\n\n4\n\nNM\n\n\n3\n\nNM\n\n\n\nInterest and debt expense\n\n—\n\n\n\n—\n\n—\n%\n\n1\n\nNM\n\n\n\nGeneral and administrative expense\n\n4\n\n\n\n3\n\n(33\n)%\n\n3\n\n(33\n)%\n\n\nAdjusted operating expenses\n\n60\n\n\n\n67\n\n10\n%\n\n62\n\n3\n%\n\n\nPretax adjusted operating earnings (loss)\n$\n(7\n)\n\n$\n(8\n)\n13\n%\n$\n(8\n)\n13\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNM Not Meaningful - variance equal to or greater than 100%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nEliminations (1) Adjusted Operating Results\n\n\n(in millions, unaudited)\n3 Qtr 2024\n\n3 Qtr 2023\n% Better/(Worse)\n2 Qtr 2024\n% Better/(Worse)\n\n\n\n\n\n\n\n\n\n\n\nRevenues\n\n\n\n\n\n\n\n\nManagement and financial advice fees\n$\n(40\n)\n\n$\n(38\n)\n(5\n)%\n$\n(41\n)\n2\n%\n\n\nDistribution fees\n\n(305\n)\n\n\n(283\n)\n(8\n)%\n\n(303\n)\n(1\n)%\n\n\nNet investment income\n\n(21\n)\n\n\n(14\n)\n(50\n)%\n\n(15\n)\n(40\n)%\n\n\nPremiums, policy and contract charges\n\n(9\n)\n\n\n(8\n)\n(13\n)%\n\n(8\n)\n(13\n)%\n\n\nOther revenues\n\n1\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nTotal revenues\n\n(374\n)\n\n\n(343\n)\n(9\n)%\n\n(367\n)\n(2\n)%\n\n\nBanking and deposit interest expense\n\n(7\n)\n\n\n(6\n)\n17\n%\n\n(7\n)\n—\n%\n\n\nAdjusted operating total net revenues\n\n(367\n)\n\n\n(337\n)\n(9\n)%\n\n(360\n)\n(2\n)%\n\n\n\n\n\n\n\n\n\n\n\nExpenses\n\n\n\n\n\n\n\n\nDistribution expenses\n\n(327\n)\n\n\n(304\n)\n8\n%\n\n(324\n)\n1\n%\n\n\nInterest credited to fixed accounts\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nBenefits, claims, losses and settlement expenses\n\n(5\n)\n\n\n(4\n)\n25\n%\n\n(5\n)\n—\n%\n\n\nRemeasurement (gains) losses of future policy benefit reserves\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nChange in fair value of market risk benefits\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nAmortization of deferred acquisition costs\n\n—\n\n\n\n—\n\n—\n%\n\n—\n\n—\n%\n\n\nInterest and debt expense\n\n(14\n)\n\n\n(9\n)\n56\n%\n\n(9\n)\n56\n%\n\n\nGeneral and administrative expense\n\n(21\n)\n\n\n(20\n)\n5\n%\n\n(22\n)\n(5\n)%\n\n\nAdjusted operating expenses\n\n(367\n)\n\n\n(337\n)\n9\n%\n\n(360\n)\n2\n%\n\n\nPretax adjusted operating earnings (loss)\n$\n—\n\n\n$\n—\n\n—\n%\n$\n—\n\n—\n%\n\n\n\n\n\n\n\n\n\n\n\n(1) The majority of the amounts represent the impact of inter-segment transfer pricing for both revenues and expenses.\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nCapital Information\n\n\n(in millions, unaudited)\nSeptember 30, 2024\n\nSeptember 30, 2023\n\nJune 30, 2024\n\n\n\n\n\n\n\n\n\n\nLong-term Debt Summary\n\n\n\n\n\n\n\nSenior notes\n$\n3,400\n\n\n$\n3,550\n\n\n$\n3,400\n\n\n\nFinance lease liabilities\n\n11\n\n\n\n22\n\n\n\n15\n\n\n\nOther (1)\n\n(17\n)\n\n\n(15\n)\n\n\n(19\n)\n\n\nTotal Ameriprise Financial long-term debt\n\n3,394\n\n\n\n3,557\n\n\n\n3,396\n\n\n\nNon-recourse debt of consolidated investment entities\n\n2,271\n\n\n\n2,222\n\n\n\n2,386\n\n\n\nTotal long-term debt\n$\n5,665\n\n\n$\n5,779\n\n\n$\n5,782\n\n\n\n\n\n\n\n\n\n\n\nTotal Ameriprise Financial long-term debt\n$\n3,394\n\n\n$\n3,557\n\n\n$\n3,396\n\n\n\nFinance lease liabilities\n\n(11\n)\n\n\n(22\n)\n\n\n(15\n)\n\n\nOther (1)\n\n17\n\n\n\n15\n\n\n\n19\n\n\n\nTotal Ameriprise Financial long-term debt excluding finance lease liabilities and other\n$\n3,400\n\n\n$\n3,550\n\n\n$\n3,400\n\n\n\n\n\n\n\n\n\n\n\nTotal equity (2)\n$\n5,715\n\n\n$\n3,825\n\n\n$\n4,993\n\n\n\nEquity of consolidated investment entities\n\n(1\n)\n\n\n(10\n)\n\n\n(1\n)\n\n\nTotal equity excluding CIEs\n$\n5,714\n\n\n$\n3,815\n\n\n$\n4,992\n\n\n\n\n\n\n\n\n\n\n\nTotal Ameriprise Financial capital\n$\n9,109\n\n\n$\n7,382\n\n\n$\n8,389\n\n\n\nTotal Ameriprise Financial capital excluding finance lease liabilities, other and equity of CIEs\n$\n9,114\n\n\n$\n7,365\n\n\n$\n8,392\n\n\n\n\n\n\n\n\n\n\n\nDebt to capital\n\n\n\n\n\n\n\nTotal Ameriprise Financial long-term debt to total Ameriprise Financial capital\n\n37.3\n%\n\n\n48.2\n%\n\n\n40.5\n%\n\n\nTotal Ameriprise Financial long-term debt to total Ameriprise Financial capital excluding finance lease liabilities, other and equity of CIEs (2)\n\n37.3\n%\n\n\n48.2\n%\n\n\n40.5\n%\n\n\n\n\n\n\n\n\n\n\nAvailable Capital for Capital Adequacy\n$\n5,523\n\n\n$\n5,247\n\n\n$\n5,245\n\n\n\n\n\n\n\n\n\n\n\n(1) Includes adjustments for net unamortized discounts, debt issuance costs and other lease obligations.\n\n\n(2) Includes accumulated other comprehensive income, net of tax.\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nConsolidated Balance Sheets\n\n\n(in millions, unaudited)\nSeptember 30, 2024\n\nDecember 31, 2023\n\n\n\n\n\n\n\n\nAssets\n\n\n\n\n\nCash and cash equivalents\n$\n10,575\n\n\n$\n7,477\n\n\n\nCash of consolidated investment entities\n\n124\n\n\n\n87\n\n\n\nInvestments\n\n56,703\n\n\n\n55,489\n\n\n\nInvestments of consolidated investment entities\n\n2,243\n\n\n\n2,099\n\n\n\nMarket risk benefits\n\n1,809\n\n\n\n1,427\n\n\n\nSeparate account assets\n\n81,409\n\n\n\n77,457\n\n\n\nReceivables\n\n14,768\n\n\n\n15,078\n\n\n\nReceivables of consolidated investment entities\n\n18\n\n\n\n28\n\n\n\nDeferred acquisition costs\n\n2,686\n\n\n\n2,713\n\n\n\nRestricted and segregated cash and investments\n\n1,261\n\n\n\n1,635\n\n\n\nOther assets\n\n14,372\n\n\n\n11,700\n\n\n\nOther assets of consolidated investment entities\n\n1\n\n\n\n1\n\n\n\nTotal Assets\n$\n185,969\n\n\n$\n175,191\n\n\n\n\n\n\n\n\n\nLiabilities\n\n\n\n\n\nPolicyholder account balances, future policy benefits and claims\n$\n41,332\n\n\n$\n37,545\n\n\n\nMarket risk benefits\n\n1,579\n\n\n\n1,762\n\n\n\nSeparate account liabilities\n\n81,409\n\n\n\n77,457\n\n\n\nCustomer deposits\n\n36,332\n\n\n\n37,321\n\n\n\nShort-term borrowings\n\n201\n\n\n\n201\n\n\n\nLong-term debt\n\n3,394\n\n\n\n3,399\n\n\n\nDebt of consolidated investment entities\n\n2,271\n\n\n\n2,155\n\n\n\nAccounts payable and accrued expenses\n\n2,581\n\n\n\n2,603\n\n\n\nOther liabilities\n\n11,072\n\n\n\n7,974\n\n\n\nOther liabilities of consolidated investment entities\n\n83\n\n\n\n45\n\n\n\nTotal Liabilities\n\n180,254\n\n\n\n170,462\n\n\n\n\n\n\n\n\n\nEquity\n\n\n\n\n\nAmeriprise Financial\n\n\n\n\n\nCommon shares ($.01 par)\n\n3\n\n\n\n3\n\n\n\nAdditional paid-in capital\n\n10,050\n\n\n\n9,824\n\n\n\nRetained earnings\n\n23,791\n\n\n\n21,905\n\n\n\nTreasury stock\n\n(27,028\n)\n\n\n(25,237\n)\n\n\nAccumulated other comprehensive income, net of tax\n\n(1,101\n)\n\n\n(1,766\n)\n\n\nTotal Equity\n\n5,715\n\n\n\n4,729\n\n\n\nTotal Liabilities and Equity\n$\n185,969\n\n\n$\n175,191\n\n\n\n\n\n\n\n\n\nSupplemental Non-GAAP Information:\n\n\n\n\n\nAvailable Capital for Capital Adequacy\n$\n5,523\n\n\n$\n5,418\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nReconciliation Table: Earnings\n\n\n\nQuarter EndedSeptember 30,\n\n% Better/(Worse)\n\nPer Diluted ShareQuarter EndedSeptember 30,\n\n% Better/(Worse)\n\n\n(in millions, except per share amounts, unaudited)\n\n2024\n\n\n\n2023\n\n\n\n\n2024\n\n\n\n2023\n\n\n\n\nNet income\n$\n511\n\n\n$\n872\n\n\n(41\n)%\n\n$\n5.00\n\n\n$\n8.14\n\n\n(39\n)%\n\n\nAdjustments:\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet realized investment gains (losses) (1)\n\n(6\n)\n\n\n(38\n)\n\n\n\n\n(0.06\n)\n\n\n(0.35\n)\n\n\n\n\nMarket impact on non-traditional long-duration products (1)\n\n(402\n)\n\n\n211\n\n\n\n\n\n(3.93\n)\n\n\n1.96\n\n\n\n\n\nMean reversion-related impacts (1)\n\n1\n\n\n\n—\n\n\n\n\n\n0.01\n\n\n\n—\n\n\n\n\n\nIntegration/restructuring charges (1)\n\n—\n\n\n\n(12\n)\n\n\n\n\n—\n\n\n\n(0.11\n)\n\n\n\n\nNet income (loss) attributable to consolidated investment entities\n\n5\n\n\n\n—\n\n\n\n\n\n0.05\n\n\n\n—\n\n\n\n\n\nTax effect of adjustments (2)\n\n85\n\n\n\n(34\n)\n\n\n\n\n0.83\n\n\n\n(0.32\n)\n\n\n\n\nAdjusted operating earnings\n$\n828\n\n\n$\n745\n\n\n11\n%\n\n$\n8.10\n\n\n$\n6.96\n\n\n16\n%\n\n\nPretax impact of annual unlocking\n\n(94\n)\n\n\n(99\n)\n\n\n\n\n(0.92\n)\n\n\n(0.92\n)\n\n\n\n\nTax effect of annual unlocking (2)\n\n20\n\n\n\n21\n\n\n\n\n\n0.19\n\n\n\n0.20\n\n\n\n\n\nAdjusted operating earnings excluding unlocking\n$\n902\n\n\n$\n823\n\n\n10\n%\n\n$\n8.83\n\n\n$\n7.68\n\n\n15\n%\n\n\nPretax impact of severance expense\n\n(24\n)\n\n\n(7\n)\n\n\n\n\n(0.24\n)\n\n\n(0.07\n)\n\n\n\n\nTax effect of severance expense\n\n5\n\n\n\n1\n\n\n\n\n\n0.05\n\n\n\n0.01\n\n\n\n\n\nAdjusted operating earnings excluding unlocking and severance expense\n$\n921\n\n\n$\n829\n\n\n11\n%\n\n$\n9.02\n\n\n$\n7.74\n\n\n17\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWeighted average common shares outstanding:\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic\n\n100.4\n\n\n\n104.9\n\n\n\n\n\n\n\n\n\n\n\nDiluted\n\n102.2\n\n\n\n107.1\n\n\n\n\n\n\n\n\n\n\n\n(1) Pretax adjusted operating adjustment.\n\n\n(2) Calculated using the statutory tax rate of 21%.\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nReconciliation Table: Earnings\n\n\n\nYear-to-dateSeptember 30,\n\n% Better/(Worse)\n\nPer Diluted ShareYear-to-dateSeptember 30,\n\n% Better/(Worse)\n\n\n(in millions, except per share amounts, unaudited)\n\n2024\n\n\n\n2023\n\n\n\n\n2024\n\n\n\n2023\n\n\n\n\nNet income\n$\n2,330\n\n\n$\n2,179\n\n\n7\n%\n\n$\n22.53\n\n\n$\n20.08\n\n\n12\n%\n\n\nAdjustments:\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet realized investment gains (losses) (1)\n\n(9\n)\n\n\n(32\n)\n\n\n\n\n(0.09\n)\n\n\n(0.29\n)\n\n\n\n\nMarket impact on non-traditional long-duration products (1)\n\n(322\n)\n\n\n(137\n)\n\n\n\n\n(3.11\n)\n\n\n(1.27\n)\n\n\n\n\nMean reversion-related impacts (1)\n\n1\n\n\n\n—\n\n\n\n\n\n0.01\n\n\n\n—\n\n\n\n\n\nIntegration/restructuring charges (1)\n\n—\n\n\n\n(47\n)\n\n\n\n\n—\n\n\n\n(0.43\n)\n\n\n\n\nNet income (loss) attributable to consolidated investment entities\n\n3\n\n\n\n—\n\n\n\n\n\n0.03\n\n\n\n—\n\n\n\n\n\nTax effect of adjustments (2)\n\n69\n\n\n\n45\n\n\n\n\n\n0.66\n\n\n\n0.41\n\n\n\n\n\nAdjusted operating earnings\n$\n2,588\n\n\n$\n2,350\n\n\n10\n%\n\n$\n25.03\n\n\n$\n21.66\n\n\n16\n%\n\n\nPretax impact of annual unlocking\n\n(94\n)\n\n\n(99\n)\n\n\n\n\n(0.91\n)\n\n\n(0.91\n)\n\n\n\n\nTax effect of annual unlocking (2)\n\n20\n\n\n\n21\n\n\n\n\n\n0.20\n\n\n\n0.19\n\n\n\n\n\nAdjusted operating earnings excluding unlocking\n$\n2,662\n\n\n$\n2,428\n\n\n10\n%\n\n$\n25.74\n\n\n$\n22.38\n\n\n15\n%\n\n\nPretax impact of severance expense\n\n(54\n)\n\n\n(7\n)\n\n\n\n\n(0.52\n)\n\n\n(0.06\n)\n\n\n\n\nTax effect of severance expense (2)\n\n11\n\n\n\n1\n\n\n\n\n\n0.11\n\n\n\n0.01\n\n\n\n\n\nAdjusted operating earnings excluding unlocking and severance expense\n$\n2,705\n\n\n$\n2,434\n\n\n11\n%\n\n$\n26.15\n\n\n$\n22.43\n\n\n17\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWeighted average common shares outstanding:\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic\n\n101.6\n\n\n\n106.4\n\n\n\n\n\n\n\n\n\n\n\nDiluted\n\n103.4\n\n\n\n108.5\n\n\n\n\n\n\n\n\n\n\n\n(1) Pretax adjusted operating adjustment.\n\n\n(2) Calculated using the statutory tax rate of 21%.\n\n\n\n\n\n\n\n\n\n \n\n\nAmeriprise Financial, Inc.\n\n\nReconciliation Table: Pretax Adjusted Operating Earnings\n\n\n\nQuarter Ended September 30,\n\n\n(in millions, unaudited)\n\n2024\n\n\n\n2023\n\n\n\nTotal net revenues\n$\n4,397\n\n\n$\n3,925\n\n\n\nAdjustments:\n\n\n\n\n\nNet realized investment gains (losses)\n\n(6\n)\n\n\n(38\n)\n\n\nMarket impact on non-traditional long-duration products\n\n5\n\n\n\n3\n\n\n\nCIEs revenue\n\n53\n\n\n\n45\n\n\n\nAdjusted operating total net revenues\n$\n4,345\n\n\n$\n3,915\n\n\n\nAnnual unlocking\n\n(5\n)\n\n\n1\n\n\n\nAdjusted operating total net revenues excluding unlocking\n$\n4,350\n\n\n$\n3,914\n\n\n\n\n\n\n\n\n\nTotal expenses\n$\n3,752\n\n\n$\n2,808\n\n\n\nAdjustments:\n\n\n\n\n\nCIEs expenses\n\n47\n\n\n\n45\n\n\n\nIntegration/restructuring charges\n\n—\n\n\n\n12\n\n\n\nMarket impact on non-traditional long-duration products\n\n407\n\n\n\n(208\n)\n\n\nMean reversion-related impacts\n\n(1\n)\n\n\n—\n\n\n\nAdjusted operating expenses\n$\n3,299\n\n\n$\n2,959\n\n\n\nAnnual unlocking\n\n89\n\n\n\n100\n\n\n\nAdjusted operating total net expenses excluding unlocking\n$\n3,210\n\n\n$\n2,859\n\n\n\nSeverance expense\n\n24\n\n\n\n7\n\n\n\nAdjusted operating total net expenses excluding unlocking and severance expense\n$\n3,186\n\n\n$\n2,852\n\n\n\n\n\n\n\n\n\nPretax income\n$\n645\n\n\n$\n1,117\n\n\n\nPretax adjusted operating earnings\n$\n1,046\n\n\n$\n956\n\n\n\nPretax adjusted operating earnings excluding unlocking and severance expense\n$\n1,164\n\n\n$\n1,062\n\n\n\n\n\n\n\n\n\nPretax income margin\n\n14.7\n%\n\n\n28.5\n%\n\n\nPretax adjusted operating margin\n\n24.1\n%\n\n\n24.4\n%\n\n\nPretax adjusted operating margin excluding unlocking and severance expense\n\n26.8\n%\n\n\n27.1\n%\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nReconciliation Table: Available Capital for Capital Adequacy\n\n\n(in millions, unaudited)\nSeptember 30, 2024\n\nSeptember 30, 2023\n\nJune 30, 2024\n\n\nAmeriprise Financial GAAP Equity\n$\n5,715\n\n\n$\n3,825\n\n\n$\n4,993\n\n\n\nLess: AOCI\n\n(1,101\n)\n\n\n(2,840\n)\n\n\n(1,993\n)\n\n\nAmeriprise Financial GAAP Equity, excl AOCI\n\n6,816\n\n\n\n6,665\n\n\n\n6,986\n\n\n\nLess: RiverSource Life Insurance Co. GAAP Equity, excluding AOCI\n\n1,658\n\n\n\n2,084\n\n\n\n2,012\n\n\n\nAdd: RiverSource Life Insurance Co. statutory total adjusted capital\n\n2,721\n\n\n\n2,842\n\n\n\n2,598\n\n\n\nLess: Goodwill and intangibles\n\n2,626\n\n\n\n2,487\n\n\n\n2,595\n\n\n\nAdd: Other adjustments\n\n270\n\n\n\n311\n\n\n\n268\n\n\n\nAvailable Capital for Capital Adequacy\n$\n5,523\n\n\n$\n5,247\n\n\n$\n5,245\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nReconciliation Table: Effective Tax Rate\n\n\n\nQuarter EndedSeptember 30, 2023\n\n\n(in millions, unaudited)\nGAAP\nAdjustedOperating\n\n\nPretax income\n$\n1,117\n\n$\n956\n\n\n\nIncome tax provision\n$\n245\n\n$\n211\n\n\n\n\n\n\n\n\nEffective tax rate\n\n21.8\n%\n\n22.1\n%\n\n\n\n\n\n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nReconciliation Table: Effective Tax Rate\n\n\n\nQuarter EndedSeptember 30, 2024\n\n\n(in millions, unaudited)\nGAAP\nAdjustedOperating\n\n\nPretax income\n$\n645\n\n$\n1,046\n\n\n\nIncome tax provision\n$\n134\n\n$\n218\n\n\n\n\n\n\n\n\nEffective tax rate\n\n20.7\n%\n\n20.8\n%\n\n\n\n\n\n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nReconciliation Table: Effective Tax Rate\n\n\n\nYear-to-dateSeptember 30, 2024\n\n\n(in millions, unaudited)\nGAAP\nAdjustedOperating\n\n\nPretax income\n$\n2,915\n\n$\n3,241\n\n\n\nIncome tax provision\n$\n585\n\n$\n653\n\n\n\n\n\n\n\n\nEffective tax rate\n\n20.0\n%\n\n20.1\n%\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nReconciliation Table: Advice & Wealth Management General and Administrative Expense\n\n\n\nQuarter Ended September 30,\n\n% Better/(Worse)\n\n\n(in millions, unaudited)\n2024\n\n2023\n\n\n\nAWM general and administrative expense\n$\n419\n\n\n$\n419\n\n\n\n—\n%\n\n\nLess: Regulatory accrual\n\n—\n\n\n\n20\n\n\n\n\n\nAWM general and administrative expense excluding accrual for regulatory matter\n$\n419\n\n\n$\n399\n\n\n\n(5\n)%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\nAmeriprise Financial, Inc.\n\n\nReconciliation Table: Return on Equity (ROE) Excluding Accumulated\n\n\nOther Comprehensive Income \"AOCI\"\n\n\n\nTwelve Months EndedSeptember 30,\n\n\n(in millions, unaudited)\n2024\n\n2023\n\n\nNet income\n$\n2,707\n\n\n$\n2,828\n\n\n\nLess: Adjustments (1)\n\n(642\n)\n\n\n(254\n)\n\n\nAdjusted operating earnings\n\n3,349\n\n\n\n3,082\n\n\n\nLess: Annual unlocking (2)\n\n(74\n)\n\n\n(78\n)\n\n\nAdjusted operating earnings excluding unlocking\n$\n3,423\n\n\n$\n3,160\n\n\n\n\n\n\n\n\n\nTotal Ameriprise Financial, Inc. shareholders’ equity\n$\n4,828\n\n\n$\n3,894\n\n\n\nLess: Accumulated other comprehensive income, net of tax\n\n(1,926\n)\n\n\n(2,477\n)\n\n\nTotal Ameriprise Financial, Inc. shareholders’ equity excluding AOCI\n\n6,754\n\n\n\n6,371\n\n\n\nLess: Equity impacts attributable to the consolidated investment entities\n\n(3\n)\n\n\n(3\n)\n\n\nAdjusted operating equity\n$\n6,757\n\n\n$\n6,374\n\n\n\n\n\n\n\n\n\nReturn on equity excluding AOCI\n\n40.1\n%\n\n\n44.4\n%\n\n\nAdjusted operating return on equity excluding AOCI (3)\n\n49.6\n%\n\n\n48.4\n%\n\n\nAdjusted operating return on equity excluding AOCI and unlocking (3)\n\n50.7\n%\n\n\n49.6\n%\n\n\n\n\n\n\n\n\n(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%.\n\n\n(2) After-tax is calculated using the statutory tax rate of 21%.\n\n\n(3) 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%.\n\n\n\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241023254099/en/\nContacts\nInvestor Relations:Alicia A. CharityAmeriprise Financial(612) 671-2080alicia.a.charity@ampf.com Stephanie M. RabeAmeriprise Financial(612) 671-4085stephanie.m.rabe@ampf.com Media Relations:Paul W. JohnsonAmeriprise Financial(612) 671-0625paul.w.johnson@ampf.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477559564"}