Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1][5] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market over a 30-day period [1][2] Zacks Style Scores Overview - Each stock is rated from A to F based on value, growth, and momentum characteristics, with A being the highest score indicating better chances of outperforming [2] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [2][4] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [2] Growth Score - The Growth Score assesses a company's financial health and future outlook by analyzing projected and historical earnings, sales, and cash flow [2] Momentum Score - The Momentum Score identifies optimal times to invest based on price trends and earnings estimate changes [3] VGM Score - The VGM Score combines all three Style Scores to highlight stocks with the best value, growth potential, and momentum [4] Zacks Rank Integration - The Zacks Rank utilizes earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for maximizing return potential [6] Company Spotlight: Ameriprise Financial Services (AMP) - Ameriprise Financial, headquartered in Minneapolis, MN, manages assets worth $1.42 trillion as of March 31, 2024 [7] - AMP holds a Zacks Rank of 3 (Hold) with a VGM Score of B and a Momentum Style Score of B, having seen a 1.4% increase in shares over the past four weeks [7] - Recent upward revisions in earnings estimates by six analysts have raised the Zacks Consensus Estimate for AMP to $34.95 per share, reflecting an average earnings surprise of 2% [7]

Financial Performance - For the first quarter of 2024, adjusted operating earnings were $878 million, compared to $798 million in the same period of 2023, reflecting a growth of approximately 10%[256] - The adjusted operating earnings per diluted share for Q1 2024 was $8.39, up from $7.25 in Q1 2023, representing a year-over-year increase of 15.7%[256] - Net income for the three months ended March 31, 2024, was $990 million, a significant increase of $573 million compared to $417 million in the prior year[267] - Total revenues for the three months ended March 31, 2024, were $4.325 billion, an increase of $480 million, or 12%, compared to $3.845 billion in the prior year[267] - Pretax income surged by $723 million, resulting in a total of $1.219 billion for the three months ended March 31, 2024, compared to $496 million in the prior year[268] - The effective tax rate for the three months ended March 31, 2024, was 18.8%, up from 15.9% in the prior year period, primarily due to higher pretax income and a decrease in foreign tax credits[273] Assets Under Management - As of March 31, 2024, Ameriprise Financial has $1.4 trillion in assets under management and administration[253] - Total Assets Under Management (AUM) increased by $126.1 billion, or 13%, to $1.1 trillion as of March 31, 2024, compared to $1.0 trillion as of March 31, 2023[263] - Advice & Wealth Management AUM rose by $86.7 billion, or 20%, to $518.1 billion, while Asset Management AUM increased by $44.4 billion, or 7%, to $652.1 billion[264] - Total Assets Under Administration (AUA) increased by $63.2 billion, or 27%, to $297.5 billion as of March 31, 2024, driven by equity market appreciation[263] Capital and Equity - Total Ameriprise Financial, Inc. shareholders' equity as of March 31, 2024, was $4.331 billion, an increase from $4.032 billion a year earlier[258] - Available Capital for Capital Adequacy as of March 31, 2024, was $5.135 billion, down from $5.418 billion at the end of 2023[259] - The total shareholders' equity, excluding accumulated other comprehensive income (AOCI), was $6.505 billion as of March 31, 2024, compared to $6.069 billion a year earlier[258] - The company has $2.6 billion remaining under its share repurchase authorization as of March 31, 2024[305] Investment Income and Expenses - Net investment income increased by $203 million, or 29%, to $901 million for the three months ended March 31, 2024, primarily due to growth in customer deposits and rising interest rates[270] - Distribution expenses rose by $193 million, or 16%, to $1.419 billion, reflecting higher advisor compensation and increased transactional activity[271] - Banking and deposit interest expense increased by $76 million, or 74%, reflecting higher average crediting rates and volumes on certificates and deposits[270] - Total expenses for the three months ended March 31, 2024, were $649 million, an increase of $15 million, or 2%, compared to the prior year period[288] Strategic Focus and Market Conditions - The company continues to focus on strategic objectives amid macroeconomic uncertainties, including interest rate fluctuations and market volatility[253] - The daily average of the S&P 500 index increased by 25% from 3,998 in Q1 2023 to 4,996 in Q1 2024[262] - The company anticipates continued growth in client acquisition and retention strategies, alongside expected trends in lower-risk product shifts[310] Shareholder Returns - Regular quarterly dividends paid to shareholders totaled $143 million for the three months ended March 31, 2024, compared to $138 million for the same period in 2023[305] - The company repurchased a total of 1.2 million shares of common stock at an average price of $409.96 per share during the three months ended March 31, 2024[305]

Core Viewpoint - Ameriprise Financial Services (AMP) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects optimism about Ameriprise's earnings potential, which could lead to increased buying pressure and a rise in stock price [2]. - For the fiscal year ending December 2024, Ameriprise is expected to earn $34.65 per share, representing a year-over-year increase of 13.8% [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for Ameriprise has increased by 1.9%, indicating a positive trend in earnings estimates [5]. - The Zacks Rank system effectively utilizes earnings estimate revisions to classify stocks, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [4]. Institutional Investor Influence - The relationship between changes in earnings estimates and stock price movements is significantly influenced by institutional investors, who adjust their valuations based on these estimates, leading to buying or selling actions that affect stock prices [3]. Market Positioning - The upgrade to Zacks Rank 2 places Ameriprise in the top 20% of Zacks-covered stocks based on estimate revisions, suggesting potential for near-term stock price appreciation [7].

Ameriprise Financial’s (AMP) first-quarter 2024 adjusted operating earnings of $8.39 per share handily surpassed the Zacks Consensus Estimate of $8.10. The bottom line reflects a rise of 16% from the year-ago quarter.Results were aided by revenue growth, along with higher assets under management (AUM) and assets under administration (AUA) balances. However, an increase in expenses acted as a headwind.After considering significant items, net income (GAAP basis) was $990 million or $9.46 per share, up from $4 ...

Ameriprise Financial, Inc. (NYSE:AMP) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Alicia Charity - Senior Vice President, Investor Relations James M. Cracchiolo - Chairman and Chief Executive Officer Walter S. Berman - Executive Vice President and Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Suneet Kamath - Jefferies Wilma Burdis - Raymond James Thomas Gallagher - Evercore ISI Ryan Krueger - KBW Alex Blostein - Goldman Sachs Craig Siegenthaler ...

Ameriprise Financial First Quarter 2024 Conference Call April 23, 2024 © 2024 Ameriprise Financial, Inc. All rights reserved. Forward-looking statements ...

For the quarter ended March 2024, Ameriprise Financial Services (AMP) reported revenue of $4.1 billion, up 10.9% over the same period last year. EPS came in at $8.39, compared to $7.25 in the year-ago quarter.The reported revenue represents a surprise of -1.53% over the Zacks Consensus Estimate of $4.16 billion. With the consensus EPS estimate being $8.10, the EPS surprise was +3.58%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

[Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) Ameriprise Financial achieved strong Q1 2024 growth, with adjusted operating diluted EPS up 16% and AUM/AUA reaching $1.4 trillion [Q1 2024 Key Financial Highlights](index=1&type=section&id=Q1%202024%20Key%20Financial%20Highlights) Ameriprise Financial reported robust Q1 2024, with adjusted operating diluted EPS up 16% and AUM/AUA rising to $1.4 trillion Q1 2024 Key Financial Metrics | Metric | Q1 2024 | Q1 2023 | Change Rate | | :----------------------------------------- | :-------- | :-------- | :---------- | | Adjusted Operating Diluted EPS | $8.39 | $7.25 | 16% | | GAAP Diluted EPS | $9.46 | $3.79 | NM | | Adjusted Operating Net Revenue Growth | 11% | | | | Assets Under Management and Administration | $1.4T | | 15% | | Adjusted Operating Return on Equity (Excluding AOCI) | 49.0% | 49.5% | (0.5)% | | Capital Returned to Shareholders | $650M | | | - Company announced a **10% increase in quarterly dividend**, reflecting its strong balance sheet and free cash flow generation[3](index=3&type=chunk) [CEO Perspective](index=1&type=section&id=CEO%20Perspective) CEO Jim Cracchiolo reported a strong quarter, with wealth management driving growth, record AUM/AUA, and robust capital for shareholder returns - Wealth management business is a primary growth driver, with **Assets Under Management and Administration (AUM and AUA) reaching a new high of $1.4 trillion**[3](index=3&type=chunk) - The company's strong capital position and significant free cash flow are ongoing differentiators, supporting investment in growth and capital return to shareholders[3](index=3&type=chunk) [Consolidated Financial Performance](index=3&type=section&id=Consolidated%20Financial%20Performance) The company demonstrated strong Q1 2024 consolidated financial performance, with significant GAAP and adjusted operating earnings growth [Q1 2024 Summary Financials (GAAP & Adjusted Operating)](index=3&type=section&id=Q1%202024%20Summary%20Financials%20%28GAAP%20%26%20Adjusted%20Operating%29) Q1 2024 saw significant GAAP net income and diluted EPS growth, driven by market impacts and double-digit adjusted operating growth Q1 2024 GAAP and Adjusted Operating Financial Summary | Metric | Q1 2024 (Millions USD) | Q1 2023 (Millions USD) | Change Rate | | :----------------------------------------- | :--------------------- | :--------------------- | :---------- | | GAAP Net Income | $990 | $417 | NM | | Adjusted Operating Earnings | $878 | $798 | 10% | | GAAP Diluted EPS | $9.46 | $3.79 | NM | | Adjusted Operating Diluted EPS | $8.39 | $7.25 | 16% | | GAAP Return on Equity (Excluding AOCI) | 48.1% | 45.2% | | | Adjusted Operating Return on Equity (Excluding AOCI) | 49.0% | 49.5% | | | GAAP Equity (Excluding AOCI) | $6,809 | $6,129 | 11% | | Available Capital for Capital Adequacy | $5,135 | $5,377 | (5)% | | Diluted Weighted Average Common Shares | 104.6 | 110.0 | | - GAAP results were significantly boosted by market impacts on derivatives and market risk benefit valuations, while adjusted operating results reflect continued core business growth[5](index=5&type=chunk) [Consolidated GAAP Income Statement](index=10&type=section&id=Consolidated%20GAAP%20Income%20Statement) Q1 2024 consolidated GAAP net income surged 137% to $990 million, with total net revenues up 11% to $4.146 billion Q1 2024 Consolidated GAAP Income Statement Key Data | Metric | Q1 2024 (Millions USD) | Q1 2023 (Millions USD) | Change Rate | | :--------------------------- | :--------------------- | :--------------------- | :---------- | | Total Revenues | $4,325 | $3,845 | 12% | | Bank and Deposit Interest Expense | $179 | $103 | (74)% | | Total Net Revenues | $4,146 | $3,742 | 11% | | Total Expenses | $2,927 | $3,246 | 10% | | Income Before Income Taxes | $1,219 | $496 | NM | | Provision for Income Taxes | $229 | $79 | NM | | Net Income | $990 | $417 | NM | | Diluted EPS | $9.46 | $3.79 | NM | - Management and financial advisory fees grew **12%**, net investment income grew **29%**, and premiums, policy and contract charges grew **8%**, collectively driving total net revenue growth[29](index=29&type=chunk) [Assets Under Management and Administration & Capital Metrics](index=11&type=section&id=Assets%20Under%20Management%20and%20Administration%20%26%20Capital%20Metrics) Total AUM and AUA reached $1.425 trillion, up 15% year-over-year, with wealth management AUM growing 20% Q1 2024 AUM, AUA, and Capital Returned | Metric | Q1 2024 (Millions USD) | Q1 2023 (Millions USD) | Change Rate | | :----------------------------------- | :--------------------- | :--------------------- | :---------- | | Wealth Management AUM | $518,080 | $431,438 | 20% | | Asset Management AUM | $652,077 | $607,679 | 7% | | Total Assets Under Management | $1,127,405 | $1,001,269 | 13% | | Total Assets Under Administration | $297,457 | $234,339 | 27% | | Total AUM and AUA | $1,424,862 | $1,235,608 | 15% | | Dividends Paid | $143 | $138 | 4% | | Common Stock Repurchases | $507 | $506 | - | | Total Capital Returned to Shareholders | $650 | $644 | 1% | - S&P 500 Index period-end and daily average values both achieved significant growth, up **28%** and **25%** year-over-year, positively impacting AUM growth[31](index=31&type=chunk) [Segment Performance](index=4&type=section&id=Segment%20Performance) Each business segment demonstrated distinct Q1 2024 performance, with wealth management leading growth and retirement solutions showing sales strength [Advice & Wealth Management](index=4&type=section&id=Advice%20%26%20Wealth%20Management) Advice & Wealth Management reported strong Q1 2024 performance, with adjusted operating net revenue up 13% and pre-tax adjusted operating earnings up 10% Q1 2024 Advice & Wealth Management Financial Summary | Metric | Q1 2024 (Millions USD) | Q1 2023 (Millions USD) | Change Rate | | :----------------------------------- | :--------------------- | :--------------------- | :---------- | | Adjusted Operating Net Revenue | $2,560 | $2,265 | 13% | | Distribution Expenses | $1,369 | $1,173 | (17)% | | General & Administrative Expenses | $420 | $392 | (7)% | | Adjusted Operating Expenses | $1,798 | $1,572 | (14)% | | Adjusted Operating Earnings Before Income Taxes | $762 | $693 | 10% | | Adjusted Operating Pre-Tax Margin | 29.8% | 30.6% | (80)bps | - Total client assets grew **19% to $954 billion**, with wrap assets increasing **20% to $522 billion**[8](index=8&type=chunk)[10](index=10&type=chunk) - Total client net flows were **$8.5 billion**, a **31% decrease** year-over-year, with wrap net flows at **$6.5 billion**[8](index=8&type=chunk)[10](index=10&type=chunk) - Adjusted operating net revenue per advisor (trailing 12 months) increased **11% to $942,000**, and the company added **64 experienced advisors**[8](index=8&type=chunk)[10](index=10&type=chunk) [Asset Management](index=5&type=section&id=Asset%20Management) Asset Management's adjusted operating net revenue grew 7% to $855 million, and pre-tax adjusted operating earnings rose 25% to $206 million Q1 2024 Asset Management Financial Summary | Metric | Q1 2024 (Millions USD) | Q1 2023 (Millions USD) | Change Rate | | :----------------------------------- | :--------------------- | :--------------------- | :---------- | | Adjusted Operating Net Revenue | $855 | $799 | 7% | | Adjusted Operating Expenses | $649 | $634 | (2)% | | Adjusted Operating Earnings Before Income Taxes | $206 | $165 | 25% | | Net Adjusted Operating Pre-Tax Margin | 34.9% | 31.0% | | | Total Assets Under Management (AUM) | $652B | $608B | 7% | | Total Segment Net Outflows | $(5.7)B$ | $(2.5)B$ | NM | - Retail net outflows were **$2.7 billion**, consistent with other active managers in the industry, but sales in North America and EMEA improved both year-over-year and sequentially[14](index=14&type=chunk) - Global institutional net outflows were **$2.2 billion**, primarily due to slower new mandates and redemptions from lower-fee mandates[14](index=14&type=chunk) [Retirement & Protection Solutions](index=6&type=section&id=Retirement%20%26%20Protection%20Solutions) Retirement & Protection Solutions saw a 3% increase in pre-tax adjusted operating earnings to $199 million, driven by higher interest rates and equity markets Q1 2024 Retirement & Protection Solutions Financial Summary | Metric | Q1 2024 (Millions USD) | Q1 2023 (Millions USD) | Change Rate | | :----------------------------------- | :--------------------- | :--------------------- | :---------- | | Adjusted Operating Net Revenue | $912 | $824 | 11% | | Adjusted Operating Expenses | $713 | $630 | (13)% | | Adjusted Operating Earnings Before Income Taxes | $199 | $194 | 3% | | Retirement & Protection Solutions Sales | $1,300 | | 33% | | Protection Sales | $65 | | 8% | - Sales growth was primarily driven by strong structured variable annuity sales, with protection sales up **8%**, concentrated in high-margin accumulation VUL products[16](index=16&type=chunk) [Corporate & Other](index=7&type=section&id=Corporate%20%26%20Other) The Corporate & Other segment reported an adjusted operating pre-tax loss of $89 million in Q1 2024, an increase from $74 million Q1 2024 Corporate & Other Financial Summary | Metric | Q1 2024 (Millions USD) | Q1 2023 (Millions USD) | Change Rate | | :----------------------------------- | :--------------------- | :--------------------- | :---------- | | Corporate & Other (Excluding Closed Block) | $(99) | $(73) | (36)% | | Closed Block | $10 | $(1) | NM | | Adjusted Operating Earnings/(Loss) Before Income Taxes | $(89) | $(74) | (20)% | | Long-Term Care | $16 | $8 | NM | | Fixed Annuities | $(6) | $(9) | 33% | - The loss excluding the Closed Block included a **$16 million unfavorable market impact** from equity compensation expense, severance costs, and lease write-downs[17](index=17&type=chunk) - Long-Term Care business adjusted operating pre-tax earnings increased to **$16 million**, showing continued improvement from higher investment income[18](index=18&type=chunk) [Capital Structure & Balance Sheet](index=23&type=section&id=Capital%20Structure%20%26%20Balance%20Sheet) The company maintained a strong Q1 2024 capital structure, with total long-term debt slightly decreasing and an improved debt-to-capital ratio [Long-term Debt & Capital](index=23&type=section&id=Long-term%20Debt%20%26%20Capital) Total long-term debt decreased slightly to $5.517 billion as of March 31, 2024, and the debt-to-capital ratio improved to 41.1% Long-term Debt and Capital Summary | Metric | March 31, 2024 (Millions USD) | March 31, 2023 (Millions USD) | December 31, 2023 (Millions USD) | | :----------------------------------------- | :---------------------------- | :---------------------------- | :------------------------------- | | Ameriprise Financial Total Long-Term Debt | $3,398 | $3,560 | $3,399 | | Non-Recourse Debt of Consolidated Investment Entities | $2,119 | $2,367 | $2,155 | | Total Long-Term Debt | $5,517 | $5,927 | $5,554 | | Total Equity | $4,879 | $4,144 | $4,729 | | Ameriprise Financial Total Capital | $8,277 | $7,704 | $8,128 | | Debt to Capital Ratio | 41.1% | 46.2% | 41.8% | | Available Capital for Capital Adequacy | $5,135 | $5,377 | $5,418 | [Consolidated Balance Sheet](index=24&type=section&id=Consolidated%20Balance%20Sheet) Total assets grew to $179.831 billion as of March 31, 2024, driven by investments and separate account assets Consolidated Balance Sheet Key Data | Metric | March 31, 2024 (Millions USD) | December 31, 2023 (Millions USD) | | :----------------------------------- | :---------------------------- | :------------------------------- | | Cash and Cash Equivalents | $7,071 | $7,477 | | Investments | $56,249 | $55,489 | | Market Risk Benefits | $1,964 | $1,427 | | Separate Account Assets | $79,753 | $77,457 | | Deferred Acquisition Costs | $2,701 | $2,713 | | Other Assets | $13,403 | $11,700 | | Total Assets | $179,831 | $175,191 | | Policyholder Account Balances, Future Policy Benefits and Claims | $38,667 | $37,545 | | Market Risk Benefits (Liabilities) | $1,335 | $1,762 | | Separate Account Liabilities | $79,753 | $77,457 | | Client Deposits | $36,982 | $37,321 | | Long-Term Debt | $3,398 | $3,399 | | Other Liabilities | $10,275 | $7,974 | | Total Liabilities | $174,952 | $170,462 | | Total Equity | $4,879 | $4,729 | [Taxation](index=7&type=section&id=Taxation) The company's Q1 2024 operating effective tax rate was 18.6%, benefiting from equity compensation tax advantages, with a full-year forecast of 21% [Effective Tax Rate](index=7&type=section&id=Effective%20Tax%20Rate) The Q1 2024 operating effective tax rate was 18.6%, favorably impacted by equity compensation tax benefits, with a full-year 2024 projection of 21% - Q1 2024 operating effective tax rate was **18.6%**, primarily influenced by tax benefits from equity compensation accounting[19](index=19&type=chunk) - The full-year 2024 operating effective tax rate is projected to be approximately **21%**[19](index=19&type=chunk) [Company Information & Disclosures](index=7&type=section&id=Company%20Information%20%26%20Disclosures) This section provides essential company information, including contacts, corporate overview, non-GAAP explanations, forward-looking statements, and investor communication [Contacts](index=7&type=section&id=Contacts) This section provides contact information for investor relations and media relations, facilitating stakeholder access to further company information - Investor Relations contacts: Alicia A. Charity (612) 671-2080, alicia.a.charity@ampf.com and Stephanie M. Rabe (612) 671-4085, stephanie.m.rabe@ampf.com[20](index=20&type=chunk) - Media Relations contact: Paul W. Johnson (612) 671-0625, paul.w.johnson@ampf.com[20](index=20&type=chunk) [About Ameriprise Financial](index=8&type=section&id=About%20Ameriprise%20Financial) Ameriprise Financial is a financial services company with over 125 years of history, offering investment advisory, asset management, and insurance services - Ameriprise Financial has over **125 years of history**, providing investment advisory, asset management, and insurance services[21](index=21&type=chunk) - The company boasts a national network of over **10,000 financial advisors** serving comprehensive financial needs of individuals and institutional investors[21](index=21&type=chunk) - Key subsidiaries include Ameriprise Financial Services, LLC (offering financial planning, investments, insurance, and annuity products), Columbia Funds (distributed by Columbia Management Investment Distributors, Inc.), Threadneedle International Limited (SEC and FCA registered investment adviser), and RiverSource Life Insurance Company (issuing insurance and annuity products)[22](index=22&type=chunk) [Non-GAAP Financial Measures](index=8&type=section&id=Non-GAAP%20Financial%20Measures) The company uses non-GAAP financial measures, like adjusted operating metrics, to reflect core business performance and provide meaningful trend analysis - Non-GAAP financial measures are used to assess underlying core business performance and provide more meaningful trend analysis[23](index=23&type=chunk) - Management uses these metrics for business planning, analysis, and compensation-related matters, but they should not be considered substitutes for GAAP financial measures[23](index=23&type=chunk) [Forward-Looking Statements](index=8&type=section&id=Forward-Looking%20Statements) This press release contains forward-looking statements reflecting management's plans, estimates, and beliefs, with actual results potentially differing due to risks - Forward-looking statements cover company plans, intentions, positioning, expectations, and objectives, including asset flows, client acquisition strategies, advisor productivity, costs, tax rates, and capital returns[24](index=24&type=chunk) - Readers should exercise caution with these statements and refer to the "Risk Factors" discussion in the company's 2023 Form 10-K annual report[26](index=26&type=chunk) - Management undertakes no obligation to publicly update or revise any forward-looking statements, and financial results in the press release represent past performance, not future results[26](index=26&type=chunk) [Investor Information](index=9&type=section&id=Investor%20Information) Ameriprise Financial disseminates financial and other information to investors via its investor relations website, SEC filings, press releases, and webcasts - The company releases information to investors through its investor relations website ir.ameriprise.com, SEC filings, press releases, conference calls, and webcasts[27](index=27&type=chunk) - Investors can register for automatic notifications to receive timely information when new materials are published[27](index=27&type=chunk) [Reconciliations](index=25&type=section&id=Reconciliations) This section provides detailed reconciliations of GAAP to non-GAAP financial measures, offering transparency into adjustments for a clearer view of core operational performance [Adjusted Operating Earnings Reconciliation](index=25&type=section&id=Adjusted%20Operating%20Earnings%20Reconciliation) This reconciliation details adjustments from GAAP net income to adjusted operating earnings, including market impacts and consolidated investment entity net income Adjusted Operating Earnings Reconciliation | Metric | Q1 2024 (Millions USD) | Q1 2023 (Millions USD) | | :----------------------------------------- | :--------------------- | :--------------------- | | Net Income | $990 | $417 | | Adjustments: | | | | Market Impact on Nontraditional Long-Duration Products | $140 | $(475) | | Net Income/(Loss) from Consolidated Investment Entities | $1 | $0 | | Tax Impact | $(29) | $101 | | Adjusted Operating Earnings | $878 | $798 | | Diluted EPS | $9.46 | $3.79 | | Adjusted Operating Diluted EPS | $8.39 | $7.25 | [Adjusted Operating Revenues & Expenses Reconciliation](index=26&type=section&id=Adjusted%20Operating%20Revenues%20%26%20Expenses%20Reconciliation) This reconciliation shows the conversion from GAAP total net revenues and expenses to adjusted operating total net revenues and expenses Adjusted Operating Revenues and Expenses Reconciliation | Metric | Q1 2024 (Millions USD) | Q1 2023 (Millions USD) | | :----------------------------------------- | :--------------------- | :--------------------- | | Total Net Revenues | $4,146 | $3,742 | | Adjustments: | | | | Market Impact on Nontraditional Long-Duration Products | $2 | $0 | | Revenues from Consolidated Investment Entities | $44 | $41 | | Adjusted Operating Total Net Revenues | $4,100 | $3,698 | | Total Expenses | $2,927 | $3,246 | | Adjustments: | | | | Expenses from Consolidated Investment Entities | $43 | $41 | | Integration/Restructuring Charges | $0 | $10 | | Market Impact on Nontraditional Long-Duration Products | $(138) | $475 | | Adjusted Operating Expenses | $3,022 | $2,720 | | Adjusted Operating Earnings Before Income Taxes | $1,078 | $978 | | Adjusted Operating Pre-Tax Margin | 26.3% | 26.4% | [Available Capital for Capital Adequacy Reconciliation](index=26&type=section&id=Available%20Capital%20for%20Capital%20Adequacy%20Reconciliation) This reconciliation details the calculation of available capital for capital adequacy from Ameriprise Financial GAAP equity, adjusting for AOCI, goodwill, and intangibles Available Capital for Capital Adequacy Reconciliation | Metric | March 31, 2024 (Millions USD) | March 31, 2023 (Millions USD) | | :----------------------------------------- | :---------------------------- | :---------------------------- | | Ameriprise Financial GAAP Equity | $4,879 | $4,144 | | Less: AOCI | $(1,930) | $(1,985) | | Ameriprise Financial GAAP Equity (Excluding AOCI) | $6,809 | $6,129 | | Less: RiverSource Life Insurance Co. GAAP Equity (Excluding AOCI) | $2,017 | $1,667 | | Add: RiverSource Life Insurance Co. Statutory Total Adjusted Capital | $2,637 | $3,108 | | Less: Goodwill and Intangible Assets | $2,603 | $2,497 | | Add: Other Adjustments | $309 | $304 | | Available Capital for Capital Adequacy | $5,135 | $5,377 | [Effective Tax Rate Reconciliation](index=27&type=section&id=Effective%20Tax%20Rate%20Reconciliation) This reconciliation presents the provision for income taxes and effective tax rates for both GAAP and adjusted operating pre-tax income Effective Tax Rate Reconciliation | Metric | Q1 2024 GAAP (Millions USD) | Q1 2024 Adjusted Operating (Millions USD) | | :--------------------------- | :-------------------------- | :---------------------------------------- | | Income Before Income Taxes | $1,219 | $1,078 | | Provision for Income Taxes | $229 | $200 | | Effective Tax Rate | 18.8% | 18.6% | [Asset Management G&A Expense Reconciliation](index=27&type=section&id=Asset%20Management%20G%26A%20Expense%20Reconciliation) This reconciliation adjusts Asset Management's general and administrative expenses by removing performance fee compensation and foreign exchange translation impacts Asset Management General & Administrative Expense Reconciliation | Metric | Q1 2024 (Millions USD) | Q1 2023 (Millions USD) | | :----------------------------------------- | :--------------------- | :--------------------- | | Total General & Administrative Expenses | $403 | $401 | | Less: Performance Fee Compensation Impact | $11 | $2 | | Less: Foreign Exchange Translation Impact | $4 | $0 | | Total General & Administrative Expenses Excluding Performance Fee Compensation and Foreign Exchange Translation Impact | $388 | $399 | [Adjusted Operating Return on Equity Reconciliation](index=28&type=section&id=Adjusted%20Operating%20Return%20on%20Equity%20Reconciliation) This reconciliation details the conversion from GAAP net income to adjusted operating earnings and from Ameriprise Financial shareholders' equity to adjusted operating equity Adjusted Operating Return on Equity Reconciliation | Metric | As of March 31, 2024 (Millions USD) | As of March 31, 2023 (Millions USD) | | :----------------------------------------- | :---------------------------------- | :---------------------------------- | | Net Income | $3,129 | $2,741 | | Less: Adjustments | $(62) | $(266) | | Adjusted Operating Earnings | $3,191 | $3,007 | | Ameriprise Financial, Inc. Shareholders' Equity | $4,331 | $4,032 | | Less: AOCI | $(2,174) | $(2,037) | | Ameriprise Financial, Inc. Shareholders' Equity (Excluding AOCI) | $6,505 | $6,069 | | Adjusted Operating Equity | $6,509 | $6,070 | | Return on Equity (Excluding AOCI) | 48.1% | 45.2% | | Adjusted Operating Return on Equity (Excluding AOCI) | 49.0% | 49.5% |

Ameriprise Financial, Inc. (AMP) is scheduled to report first-quarter 2024 results on Apr 22, after market close. Its revenues and earnings in the to-be-reported quarter are anticipated to have increased on a year-over-year basis.In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Results were aided by growth in revenues, along with higher assets under management (AUM) and assets under administration (AUA) balances. However, an increase in expenses was a negative.Ame ...

Analysts on Wall Street project that Ameriprise Financial Services (AMP) will announce quarterly earnings of $8.10 per share in its forthcoming report, representing an increase of 11.7% year over year. Revenues are projected to reach $4.16 billion, increasing 12.6% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections ...