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Jun 30, 2023
Ameriprise Q2 2023 Earnings Report
Ameriprise reported strong Q2 2023 results, driven by Wealth Management growth and effective capital management.
Key Takeaways
Ameriprise Financial reported a strong second quarter in 2023, with adjusted operating earnings per diluted share up 30% year-over-year, driven by strong performance in the Wealth Management business. Assets under management and administration reached $1.3 trillion, up 9% from the prior year. The company returned $638 million of capital to shareholders and announced a new share repurchase authorization of $3.5 billion.
Adjusted operating earnings per diluted share increased by 30% year-over-year to $7.44.
Assets under management and administration grew by 9% year-over-year, reaching $1.3 trillion.
Wealth Management's pretax adjusted operating margin reached a record high of 31% due to strong business growth.
The company returned $638 million to shareholders through dividends and share repurchases.
Revenue by Segment
Forward Guidance
The operating effective tax rate is expected to be in the 20 to 21 percent range for the second half and full year of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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