Financial Performance - First quarter adjusted operating earnings per diluted share increased 13% to $9.50, while GAAP net income per diluted share was $5.83, down 38% from $9.46 a year ago [2][7]. - Net income for Q1 2025 decreased to $583 million, down 41% from $990 million in Q1 2024 [36]. - Basic earnings per share for Q1 2025 were $5.92, down from $9.63 in Q1 2024 [36]. - The company reported a pretax income of $687 million in Q1 2025, a 44% decrease from $1,219 million in Q1 2024 [36]. - Total revenues for Q1 2025 were $4,481 million, a 4% increase compared to $4,325 million in Q1 2024 [36]. - Total net revenues for Q1 2025 were $4,354 million, an increase of 5% compared to $4,146 million in Q1 2024 [83]. - Adjusted operating earnings for Q1 2025 were $950 million, an 8% increase from $878 million in Q1 2024, with adjusted diluted earnings per share rising 13% to $9.50 [80]. Assets and Management - Assets under management, administration, and advisement grew to $1.5 trillion, with adjusted operating net revenues increasing 5% due to strong asset growth and higher transactional activity [5][10]. - Total client assets increased 7% to $1.0 trillion, with strong client net flows of $10.3 billion, reflecting a 21% increase year-over-year [12]. - Assets Under Management (AUM) increased to $1,146,940 million in Q1 2025, a 2% rise from $1,127,405 million in Q1 2024 [39]. - Total assets under administration grew by 6% to $314,055 million in Q1 2025, compared to $297,457 million in Q1 2024 [39]. - Total managed assets decreased by 5% to $621,378 million in Q1 2025 from $652,077 million in Q1 2024 [50]. - Total ending assets for global institutional decreased by 7% to $281,025 million from $302,510 million year-over-year [50]. Revenue Segments - Adjusted operating net revenues for the Advice & Wealth Management segment rose 9% to $2.8 billion, driven by higher client assets and increased transactional activity [10][9]. - The Retirement & Protection Solutions segment reported adjusted operating net revenues of $926 million, up 2%, with strong sales of $1.2 billion in traditional variable annuities [19][18]. - The Asset Management segment experienced a 1% decline in adjusted operating net revenues to $846 million, but pretax adjusted operating earnings increased 17% to $241 million [14][13]. - Management and financial advice fees rose by 8% to $2,602 million in Q1 2025, compared to $2,399 million in Q1 2024 [36]. - Management and financial advice fees totaled $1,719 million, reflecting a 14% increase from $1,509 million in the same quarter last year [42]. Shareholder Returns - The company returned $765 million of capital to shareholders in the quarter, representing approximately 81% of adjusted operating earnings, and announced a new $4.5 billion share repurchase program [5][3]. - The company returned $765 million to shareholders in Q1 2025, an 18% increase from $650 million in Q1 2024 [39]. Expenses and Liabilities - Total expenses for Q1 2025 were $3,667 million, up from $2,927 million in Q1 2024, with adjusted operating expenses at $3,158 million compared to $3,022 million [83]. - Distribution expenses increased to $1,612 million in Q1 2025, a 14% rise from $1,419 million in Q1 2024 [36]. - Total long-term debt increased to $5,976 million as of March 31, 2025, up from $5,517 million a year earlier [77]. - Total liabilities decreased to $173,633 million in Q1 2025 from $176,175 million in Q4 2024 [79]. Tax and Effective Rates - The operating effective tax rate for the quarter was 17.5%, with an expected range of 20% to 22% for the full year 2025 [24]. - The effective tax rate for Q1 2025 was 15.1%, compared to 18.8% in Q1 2024 [87]. Market Impact and Flows - The company reported a market impact on non-traditional long-duration products of $460 million in Q1 2025, compared to a positive impact of $140 million in Q1 2024 [80]. - Net outflows in the Asset Management segment totaled $18.3 billion, primarily due to market volatility and client repositioning into passive investments [16]. - Net flows for total assets under management (AUM) were negative at $(18,215) million, compared to $(5,678) million in the previous year, indicating a significant decline [59]. - Global retail funds experienced a net outflow of $(5,801) million, worsening from $(2,811) million in Q1 2024 [50]. Operational Efficiency - The company aims to enhance operational efficiency and effectiveness, with expectations for improved long-term care operating earnings [29]. - The company added 82 experienced advisors in the quarter, contributing to enhanced productivity and business growth [12].

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]

Core Insights - Ameriprise Financial Services (AMP) reported a revenue of $4.46 billion for the quarter ended December 2024, marking an 11.8% year-over-year increase and an EPS of $9.36 compared to $7.75 a year ago, exceeding both revenue and EPS consensus estimates [1] Financial Performance - The reported revenue of $4.46 billion surpassed the Zacks Consensus Estimate of $4.45 billion by 0.27% [1] - The EPS of $9.36 exceeded the consensus estimate of $8.94 by 4.70% [1] Key Metrics - Total Assets Under Administration reached $317.16 million, slightly above the average estimate of $315.16 million [4] - Total Assets Under Management (AUM) for Asset Management was $644.91 million, below the estimated $676.75 million [4] - Total AUM was reported at $1.17 billion, compared to the average estimate of $1.21 billion [4] - Net investment income revenue was $892 million, slightly above the average estimate of $891.29 million, reflecting a 0.5% year-over-year increase [4] - Premiums, policy and contract charges revenue was $379 million, down 6.2% year-over-year and below the estimated $406.88 million [4] - Distribution fees revenue was $536 million, showing a 14.3% year-over-year increase, but below the average estimate of $541.42 million [4] - Other revenues amounted to $127 million, compared to the average estimate of $136.33 million, representing a 3.3% year-over-year increase [4] - Management and financial advice fees revenue was $2.72 billion, exceeding the estimate of $2.64 billion and reflecting an 18.9% year-over-year increase [4] - Retirement & Protection Solutions premiums, policy and contract charges revenue was $367 million, down 5.7% year-over-year and below the estimate of $394.30 million [4] - Retirement & Protection Solutions net investment income was $290 million, above the estimate of $285.96 million, with an 18.4% year-over-year increase [4] - Retirement & Protection Solutions distribution fees were $108 million, in line with the estimate of $108.17 million, showing an 8% year-over-year increase [4] Stock Performance - Ameriprise shares have returned 7.4% over the past month, outperforming the Zacks S&P 500 composite's 1.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]