Core Viewpoint - Ameriprise Financial, Inc. (AMP) is expected to report increased revenues and earnings for Q1 2025, with a focus on management and financial advice fees as key revenue drivers [1][9]. Revenue Estimates - The Zacks Consensus Estimate for management and financial advice fees is $2.65 billion, reflecting a 10.3% increase year-over-year [3]. - Distribution fees are estimated at $534.9 million, indicating a 5.7% rise [4]. - Premiums, policy, and contract charges are projected at $391.7 million, showing a marginal increase [4]. - Other revenues are expected to reach $132.1 million, representing a 2.4% growth [5]. - Net investment income is estimated at $845.6 million, suggesting a decline of 6.1% [5]. Assets Under Management - Total AUM and AUA are projected to be $1.49 trillion, indicating a 4.8% increase from the previous year [6]. Expense Management - Total adjusted operating expenses are estimated at $3.24 billion, reflecting a year-over-year rise of 7.1% due to technology upgrades and hiring costs [7]. Earnings Estimates - The consensus estimate for earnings is $9.12 per share, indicating an 8.7% increase from the prior year [9]. - Total sales are expected to be $4.39 billion, representing a 7.1% increase [9]. Earnings Surprise Potential - Ameriprise has a positive Earnings ESP of +0.04% and a Zacks Rank of 3, suggesting a high likelihood of beating the consensus earnings estimate [8].

The upcoming report from Ameriprise Financial Services (AMP) is expected to reveal quarterly earnings of $9.12 per share, indicating an increase of 8.7% compared to the year-ago period. Analysts forecast revenues of $4.39 billion, representing an increase of 7.1% year over year.The consensus EPS estimate for the quarter has been revised 3.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this ti ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Ameriprise Financial Services (AMP) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Core Viewpoint - Ameriprise Financial, Inc. (NYSE: AMP) is rated a "Buy" for investors focused on capital appreciation and long-term investments [1] Group 1: Investment Analysis - The recommendation is based on the company's potential for capital appreciation, appealing to long-term buy and hold investors [1] - The analysis is conducted by David A. Johnson, who has over 30 years of investment experience and holds advanced degrees in finance and business [1] Group 2: Analyst's Position - The analyst has a beneficial long position in AMP shares through various investment vehicles [2] - The article reflects the analyst's personal opinions and is not influenced by compensation from any company mentioned [2]

Assets Under Management - As of December 31, 2024, the company had $1.5 trillion in assets under management, administration, and advisement, up from $1.4 trillion as of December 31, 2023[17]. - The Asset Management segment reported $681 billion in managed and advised assets as of December 31, 2024[26]. - The company’s investment management business has $645 billion in assets under management diversified across various geographies and strategies[29]. - Assets Under Management (AUM) increased by $89.7 billion, or 8%, to $1.17 trillion as of December 31, 2024, compared to $1.08 trillion in 2023[256]. - Advice & Wealth Management AUM grew by $85.3 billion, or 18%, driven by market appreciation and wrap account net inflows[256]. - Total Assets Under Administration increased by $37.7 billion, or 13%, to $317.2 billion as of December 31, 2024[256]. - Total Assets Under Advisement increased by $8.6 billion, or 34%, to $34.0 billion as of December 31, 2024, due to market appreciation and net inflows[256]. Financial Performance - Net income for 2024 is projected to be $3,401 million, an increase from $2,556 million in 2023, representing a growth of approximately 33%[218]. - Adjusted operating earnings for 2024 are expected to reach $3,535 million, up from $3,111 million in 2023, indicating a growth of about 14%[219]. - Total revenues increased by $1.83 billion, or 11%, to $17.93 billion for the year ended December 31, 2024, compared to $16.10 billion in 2023[257]. - Net income rose by $845 million, or 33%, to $3.40 billion for 2024, up from $2.56 billion in the previous year[257]. - The effective tax rate was 20.3% for 2024, a decrease from 21.0% in the prior year[268]. Revenue Sources - Revenues in the Asset Management segment are primarily driven by managed asset balances, which are influenced by market movements and net asset flows[26]. - Management and financial advice fees increased by $1.2 billion, or 14%, for 2024 compared to the prior year, primarily due to market appreciation and continued net inflows[261]. - Management and financial advice fees in the Asset Management segment rose by $207 million, or 7%, driven by market appreciation[294]. - Management and financial advice fees rose by $1.0 billion, or 18%, to $6.492 billion in 2024, driven by a 21% increase in average advisory wrap account assets[281]. Employee Engagement and Culture - The company has a strong employee engagement score of 84%, exceeding external benchmarks, with 93% of employees participating in the engagement survey[57]. - The company has invested in a comprehensive modern learning platform for all employees to support their growth and career development[57]. - The company has established a strong values-driven culture, with 40% of its global workforce being women and 22% of U.S. employees being ethnically diverse[56]. Regulatory Environment - The company continues to face enhanced regulatory scrutiny, particularly regarding transparency and disclosure in advisor compensation and managing conflicts of interest[67]. - Ameriprise's asset management subsidiaries are registered with the SEC and must adhere to fiduciary duties, disclosure obligations, and operational restrictions[70]. - The company is subject to extensive financial regulation, including pre-approval for financial transactions by domiciliary regulators[79]. - The SEC's Regulation Best Interest standard became effective on June 30, 2020, impacting how financial advisors operate and comply with fiduciary duties[68]. - The company is subject to U.K. regulations, including the Financial Conduct Authority's new Consumer Duty, which sets higher standards for care provided to retail consumers[78]. Investment and Risk Management - The company utilizes reinsurance agreements to manage risks associated with its life and disability income products[38]. - The company ceded 50% of the risk on existing LTC policies to Genworth Financial, retaining the remaining risk[44]. - The company has pursued nationwide premium rate increases for long-term care (LTC) policies and expects to continue this strategy over the next several years[43]. Cash and Liquidity - As of December 31, 2024, Ameriprise Financial had $8.1 billion in cash and cash equivalents, up from $7.5 billion in 2023, indicating a year-over-year increase of approximately 8%[318]. - The company reported $856 million in cash, cash equivalents, and unencumbered liquid securities as of December 31, 2024, compared to $544 million in 2023, representing a significant increase of 57%[319]. - Ameriprise Financial's estimated liquidity available in a volatile economic environment was $2.1 billion as of December 31, 2024, which includes various sources of liquidity[319]. - The company believes that cash flows from operating activities and available cash balances will be sufficient to meet both short-term and long-term liquidity needs[323]. Market Conditions - The company operates in a historically low interest rate environment but has recently seen a substantial increase in rates, which may impact long-duration contract reserves and adjusted operating earnings after tax[210]. - The average Weighted Equity Index (WEI) increased by 23% in 2024 compared to the prior year, positively impacting AUM[258]. Segment Performance - Adjusted operating earnings for the Advice & Wealth Management segment increased to $3.233 billion in 2024 from $2.851 billion in 2023[270]. - Total revenues for the Retirement & Protection Solutions segment decreased by $5 million in 2024 compared to 2023[272]. - Net investment income in the Retirement & Protection Solutions segment increased by $222 million, or 26%, to $1,080 million in 2024 compared to 2023[300]. - Corporate & Other segment pretax adjusted operating loss increased by $123 million, or 38%, for 2024 compared to the prior year, primarily due to lower net investment income[307].

Core Insights - TIFIN AMP has formed a strategic partnership with Ares Wealth Management Solutions to enhance distribution efficiency through AI-powered solutions [1][2] - The collaboration aims to improve the productivity of AWMS' sales teams and align marketing efforts with client needs [2][3] - This partnership signifies the increasing importance of AI in asset management, particularly in enhancing advisor engagement and client experiences [2][3] Company Overview - TIFIN AMP specializes in AI-driven distribution solutions for asset management firms, utilizing advanced supervised AI and machine learning to optimize data alignment and processes [3] - Ares Wealth Management Solutions focuses on providing innovative investment opportunities across various asset classes, including credit, infrastructure, private equity, and real estate [4] - Ares Management Corporation is a leading global alternative investment manager with over $484 billion in assets under management as of December 31, 2024, operating across multiple regions [5]

Ameriprise Financial Fourth Quarter 2024 Conference Call January 30, 2025 © 2025 Ameriprise Financial, Inc. All rights reserved. Forward-looking statements Some of the statements made in our January 29, 2025 earnings release and/or in this January 30, 2025 presentation constitute forward-looking statements. These statements reflect management's estimates, plans, beliefs and expectations, and speak only as of January 29, 2025. These forward-looking statements involve a number of risks and uncertainties. A li ...

Core Insights - Ameriprise Financial (AMP) reported fourth-quarter 2024 adjusted operating earnings of $9.36 per share, exceeding the Zacks Consensus Estimate of $8.94, reflecting a 30% increase from the previous year [1] - For the full year 2024, adjusted operating earnings were $35.07 per share, a 19% year-over-year increase, surpassing the consensus estimate of $33.93 [3] Financial Performance - Adjusted operating total net revenues for the reported quarter were $4.46 billion, up 13% year over year, beating the Zacks Consensus Estimate of $4.45 billion [4] - Total GAAP net revenues were $4.5 billion, also reflecting a 13% increase year over year [4] - Net income on a GAAP basis was $1.07 billion or $10.58 per share, significantly up from $377 million or $3.57 per share in the prior-year quarter [2] Assets Under Management - Total assets under management (AUM) and assets under administration (AUA) increased by 10% year over year to $1.52 trillion, driven by strong client net inflows and market appreciation [5] Share Repurchase Activity - Ameriprise repurchased 1.1 million shares for $619 million during the reported quarter [6] Expense Trends - Adjusted operating expenses totaled $3.27 billion, rising 10% year over year, which was slightly below the projected $3.29 billion [4] - Elevated expenses, primarily due to technology upgrades, are expected to continue impacting AMP's bottom line [7] Competitive Landscape - Invesco (IVZ) reported fourth-quarter 2024 adjusted earnings of 52 cents per share, surpassing estimates and reflecting a 10.6% increase from the prior year, aided by a decline in adjusted expenses and higher net revenues [8] - BlackRock (BLK) reported adjusted earnings of $11.93 per share, exceeding estimates and reflecting a 23.5% year-over-year increase, supported by revenue growth despite higher expenses [9][10]

Ameriprise Financial Services (AMP) reported $4.46 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 11.8%. EPS of $9.36 for the same period compares to $7.75 a year ago.The reported revenue represents a surprise of +0.27% over the Zacks Consensus Estimate of $4.45 billion. With the consensus EPS estimate being $8.94, the EPS surprise was +4.70%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...

Financial Performance - Fourth quarter GAAP net income per diluted share was $10.58, a 196% increase from $3.57 in the same quarter last year[7]. - Full year 2024 GAAP net income per diluted share was $33.05, up 39% from $23.71 in 2023[7]. - Net income for Q4 2024 was $1,071 million, significantly up from $377 million in Q4 2023[34]. - Year-to-date net income for 2024 was $3,401 million, a 33% increase from $2,556 million in 2023, with per diluted share earnings rising by 39% to $33.05[83]. - Ameriprise Financial reported a net income of $3,401 million for the twelve months ended December 31, 2024, an increase from $2,556 million in 2023[100]. Revenue Growth - Total revenues for Q4 2024 were $4,649 million, a 12% increase compared to $4,168 million in Q4 2023[34]. - Total net revenues for Q4 2024 were $4,501 million, compared to $3,992 million in Q4 2023, indicating a growth of 13%[87]. - Adjusted operating total net revenues were $2,834 million, an 18% increase from $2,403 million in Q4 2023[40]. - Adjusted operating earnings for Q4 2024 were $947 million, up 24% from $761 million in Q4 2023, with per diluted share earnings increasing by 30% to $9.36[80]. - Adjusted operating earnings excluding regulatory accruals for 2024 were $3,684 million, up 12% from $3,284 million in 2023[83]. Assets and Management - Assets under management, administration, and advisement grew to $1.5 trillion, a 10% increase, with client net inflows of $35 billion over the past 12 months[5]. - Total assets as of December 31, 2024, amounted to $181,403 million, an increase from $175,191 million in 2023, reflecting a growth of 3%[79]. - Total liabilities increased to $176,175 million in 2024 from $170,462 million in 2023, marking a rise of 3.5%[79]. - Total capital returned to shareholders was $768 million, a 31% increase compared to $587 million in Q4 2023[37]. - The company reported a 36% increase in total assets under advisement, reaching $35,616 million compared to $26,160 million in Q4 2023[49]. Segment Performance - Adjusted operating net revenues for the Advice & Wealth Management segment increased 18% to $2.8 billion, driven by strong growth in client assets[12]. - Total client assets in the Advice & Wealth Management segment grew 14% to $1.0 trillion, with net flows of $11.3 billion[13]. - Retirement & Protection Solutions sales increased 13% to $1.4 billion, driven by demand for structured variable annuities and variable universal life products[19]. - Pretax adjusted operating earnings for the Retirement & Protection Solutions (RPS) segment reached $726 million, while Long-Term Care (LTC) adjusted operating earnings were $58 million[98]. Shareholder Returns - The company returned $768 million to shareholders in Q4 and $2.8 billion for the full year, highlighting strong free cash flow generation[5]. - Total capital returned to shareholders was $768 million, a 31% increase compared to $587 million in Q4 2023[37]. Operational Efficiency - The company achieved a pretax adjusted operating margin of 39% in the Asset Management segment, reflecting effective expense management[15]. - The pretax adjusted operating margin for Q4 2024 was 26.8%, compared to 24.8% in Q4 2023, indicating improved operational efficiency[87]. - The effective tax rate for Q4 2024 was 20.8%, consistent with the adjusted operating effective tax rate, reflecting stable tax management[91]. Recognition and Awards - Ameriprise Financial was recognized by Forbes as one of "America's Best Companies" for 2025[5].