Ameriprise Q3 Earnings Beat on Higher Revenues & AUM Growth

Core Insights - Ameriprise Financial (AMP) reported third-quarter 2025 adjusted operating earnings of $9.92 per share, exceeding the Zacks Consensus Estimate of $9.60, reflecting a 12.3% increase from the previous year [1][9] - The results were driven by higher revenues and a significant improvement in assets under management (AUM) and assets under administration (AUA), although increased expenses posed a challenge [1][3] Financial Performance - Adjusted operating total net revenues for the quarter were $4.61 billion, a 6% year-over-year increase, surpassing the Zacks Consensus Estimate [3][9] - Total GAAP net revenues reached $4.8 billion, marking a 9% increase year over year [3] - Adjusted operating expenses totaled $3.47 billion, up 4.8% year over year, compared to projected expenses of $3.27 billion [3] Assets Under Management - As of September 30, 2025, total AUM and AUA reached a record $1.66 trillion, reflecting a 7.9% increase year over year, surpassing the estimate of $1.55 trillion [4] Share Repurchase Activity - The company repurchased 1.4 million shares for $687 million during the reported quarter [5] Market Position and Outlook - Ameriprise is positioned for strong top-line growth due to its robust AUM balance and ongoing business restructuring initiatives, although elevated expenses, particularly from technology upgrades, may impact profitability [6]