Core Insights - Ameriprise Financial (AMP) reported second-quarter 2025 adjusted operating earnings of $9.11 per share, exceeding the Zacks Consensus Estimate of $9, reflecting a 7% increase from the previous year [1][9] - The company's total assets under management (AUM) and assets under administration (AUA) reached a record $1.58 trillion, up 9% year over year [4][9] Financial Performance - Adjusted operating total net revenues for the quarter were $4.34 billion, a 4% increase year over year, matching the Zacks Consensus Estimate [3][9] - Total GAAP net revenues also rose to $4.38 billion, up 4% year over year [3] - Adjusted operating expenses increased to $3.19 billion, a 4% rise year over year, slightly below the projected $3.24 billion [3] Net Income and Share Repurchases - After accounting for significant items, net income on a GAAP basis was $1.06 billion or $10.73 per share, up from $829 million or $8.02 per share in the prior-year quarter [2] - The company repurchased 1.1 million shares for $573 million during the reported quarter [5] Competitive Landscape - Invesco (IVZ) reported adjusted earnings of 36 cents per share, below the Zacks Consensus Estimate of 40 cents, with a 16.3% decline from the prior year due to higher operating expenses [7] - BlackRock (BLK) achieved adjusted earnings of $12.05 per share, surpassing the Zacks Consensus Estimate of $10.66, reflecting a 16% increase year over year, supported by strong revenue growth and record AUM of $12.52 trillion [8]

Core Viewpoint - Ameriprise Financial (AMP) reported strong first-quarter 2025 adjusted operating earnings of $9.50 per share, exceeding the Zacks Consensus Estimate of $9.12, reflecting a 13% increase year over year [1] Financial Performance - Adjusted operating total net revenues for the quarter were $4.31 billion, a 5% increase year over year, although it fell short of the Zacks Consensus Estimate of $4.38 billion [3] - Total GAAP net revenues were $4.35 billion, also up 5% year over year [3] - Adjusted operating expenses rose to $3.16 billion, an increase of 5% [3] - Net income on a GAAP basis was $583 million or $5.83 per share, down from $990 million or $9.46 per share in the prior-year quarter [2] Assets Under Management - As of March 31, 2025, total assets under management (AUM) and assets under administration (AUA) reached $1.49 trillion, a 3% increase year over year, driven by decent client net inflows [4] Capital Distribution Actions - Ameriprise repurchased 1.2 million shares for $617 million during the quarter and announced a new share repurchase authorization of $4.5 billion through June 30, 2027 [5] - A quarterly cash dividend of $1.60 per share was declared, marking an 8% increase from the previous payout, to be paid on May 19 to shareholders as of May 5 [6] Future Outlook - Elevated expenses, primarily due to technology upgrades, are expected to continue impacting AMP's bottom line, but the company is well-positioned for top-line growth due to its robust AUM balance and business-restructuring initiatives [7]