Ameriprise Q2 2024 Earnings Report
Key Takeaways
Ameriprise Financial reported excellent financial results for Q2 2024, demonstrating robust revenue growth, disciplined expense management, and effective capital management. Adjusted operating earnings per diluted share was $8.53, with a 17% increase to $8.72 excluding severance expenses. Assets under management and administration reached $1.4 trillion, up 12% from strong client net inflows and market appreciation. The company returned $693 million of capital to shareholders, reflecting its strong balance sheet and free cash flow generation.
Adjusted operating earnings per diluted share was $8.53, and $8.72 excluding severance expense.
Assets under management and administration reached $1.4 trillion, up 12 percent.
Adjusted operating net revenues increased 9 percent due to organic growth and strong equity markets.
The company returned $693 million of capital to shareholders.
Ameriprise
Ameriprise
Ameriprise Revenue by Segment
Forward Guidance
The operating effective tax rate is expected to be approximately 21 percent for full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income