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].

Core Viewpoint - The article emphasizes the importance of value investing and highlights Ameriprise Financial (AMP) as a strong value stock based on various financial metrics [2][8]. Company Metrics - Ameriprise Financial (AMP) holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4]. - The stock has a P/E ratio of 13.46, significantly lower than the industry average of 17.41, suggesting it may be undervalued [4]. - AMP's Forward P/E has fluctuated between 10.63 and 15.63 over the past 52 weeks, with a median of 11.99 [4]. - The PEG ratio for AMP is 0.80, compared to the industry average of 0.95, indicating favorable growth expectations relative to its price [5]. - The P/S ratio for AMP is 3.08, lower than the industry average of 3.45, reinforcing the notion of undervaluation [6]. - AMP's P/CF ratio stands at 21.17, significantly below the industry average of 35.68, further suggesting it is undervalued based on cash flow [7]. - Overall, these metrics indicate that Ameriprise Financial is likely undervalued and presents an attractive investment opportunity [8].

Core Insights - Jacobs Solutions Inc. has been selected by United Utilities to provide modeling support for water infrastructure during the asset management period (AMP8) from 2025 to 2030, with an initial agreement of five years and a potential extension to 11 years [1][3]. Group 1: Partnership and Services - Jacobs will offer water network and water quality modeling services, collaborating with United Utilities and its supply chain to explore innovative solutions and advanced modeling techniques [2]. - The partnership aims to address challenges such as climate change, water security, and aging infrastructure, contributing to the largest water and wastewater infrastructure investment in North West England in a century [3]. - United Utilities serves approximately seven million people, supplying water to three million households and 200,000 business premises [3]. Group 2: Strategic Contributions - Jacobs is part of United Utilities' Strategic Solutions Team, focusing on optimizing the AMP8 major capital program and providing tactical project management office support [5]. - The company plays a key role in United Utilities' engineering services framework, offering strategic studies, business planning, asset optimization, and project management [6]. - Jacobs' Aqua DNA solution utilizes live data, smart sensors, and AI-driven analytics to enhance wastewater network performance, supporting the resilience of critical assets [6]. Group 3: Financial Performance and Outlook - Jacobs' fiscal 2024-end backlog increased by 22.5% year over year to $21.8 billion, indicating strong project wins and robust demand [9]. - The book-to-bill ratio was reported at 1.67x in the fiscal quarter, highlighting future revenue stability [9]. - Despite challenges such as increased costs and inflationary pressures, Jacobs is expected to benefit from global trends in infrastructure modernization and energy transition [8][9].

Core Viewpoint - Ameriprise Financial Services reported a mixed performance in its Q3 2024 earnings, with adjusted operating earnings lagging behind estimates due to increased expenses, despite revenue growth and higher assets under management (AUM) and assets under administration (AUA) [2][4][5]. Financial Performance - Adjusted operating earnings for Q3 2024 were $8.83 per share, below the Zacks Consensus Estimate of $8.91, but up 15% from the previous year [2]. - Net income on a GAAP basis was $511 million or $5.00 per share, down from $872 million or $8.14 per share in the prior-year quarter [3]. - Adjusted total net revenues were $4.35 billion, an 11% increase year over year, surpassing the Zacks Consensus Estimate of $4.31 billion [4]. - Total GAAP net revenues reached $4.4 billion, reflecting a 12% year-over-year increase [5]. Expense and AUM Analysis - Adjusted operating expenses totaled $3.3 billion, rising 11% year over year, exceeding projected expenses of $3.05 billion [5]. - Total AUM and AUA increased by 22% year over year to $1.51 trillion, driven by strong client net inflows and market appreciation [5]. Share Repurchase Activity - The company repurchased 1.3 million shares for $563 million during the reported quarter [6]. Future Outlook - Management anticipates that net interest income in 2024 will be higher than in 2023 [7]. - Estimates for the stock have been trending downward, indicating a potential shift in investor sentiment [8][10]. Industry Comparison - Ameriprise operates within the Zacks Financial - Investment Management industry, where competitor Invesco reported revenues of $1.1 billion, a year-over-year increase of 0.6% [11]. - Invesco's expected earnings for the current quarter are $0.48 per share, reflecting a year-over-year change of 2.1% [12].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from_______________________to_______________________ Commission File No. 1-32525 AMERIPRISE FINANCIAL, INC. (Exact name of registrant as specified in its charter) | --- | ...

| --- | --- | |--------------------------------------------------------------------------|-------| | | | | Ameriprise Financial Third Quarter 2024 Conference Call October 24, 2024 | | | © 2024 Ameriprise Financial, Inc. All rights reserved. | | Forward-looking statements Some of the statements made in our October 23, 2024 earnings release and/or in this October 24, 2024 presentation constitute forward-looking statements. These statements reflect management's estimates, plans, beliefs and expectations, and s ...

Ameriprise Financial, Inc. (NYSE:AMP) Q3 2024 Earnings Call Transcript October 24, 2024 9:00 AM ET Company Participants Alicia Charity - Senior Vice President, Investor Relations Jim Cracchiolo - Chairman and Chief Executive Officer Walter Berman - Chief Financial Officer Conference Call Participants Suneet Kamath - Jefferies Alex Blostein - Goldman Sachs Wilma Burdis - Raymond James Steven Chubak - Wolfe Research Craig Siegenthaler - Bank of America Thomas Gallagher - Evercore ISI Kenneth Lee - RBC Capital ...

Ameriprise Financial’s (AMP) third-quarter 2024 adjusted operating earnings of $8.83 per share lagged the Zacks Consensus Estimate of $8.91. The bottom line reflected a rise of 15% from the year-ago quarter's level. Excluding severance expenses, the third-quarter adjusted operating earnings were $9.02 per share.See the Zacks Earnings Calendar to stay ahead of market-making news.Results were adversely impacted by an increase in expenses. However, revenue growth and higher assets under management (AUM) and as ...

Ameriprise Financial Services (AMP) reported $4.35 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.1%. EPS of $8.83 for the same period compares to $7.68 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.31 billion, representing a surprise of +0.86%. The company delivered an EPS surprise of -0.90%, with the consensus EPS estimate being $8.91.While investors closely watch year-over-year changes in headline numbers -- revenue a ...

Ameriprise Financial Services (AMP) came out with quarterly earnings of $8.83 per share, missing the Zacks Consensus Estimate of $8.91 per share. This compares to earnings of $7.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.90%. A quarter ago, it was expected that this financial services company would post earnings of $8.51 per share when it actually produced earnings of $8.53, delivering a surprise of 0.24%.Over the l ...