Ameriprise Q3 2021 Earnings Report
Key Takeaways
Ameriprise Financial reported strong third-quarter results with record client assets, revenue, and earnings. Adjusted operating earnings per diluted share excluding unlocking was $5.91, up 38% year-over-year. The company saw substantial net inflows from Advice & Wealth Management and Asset Management, contributing to an 18% increase in adjusted operating net revenue to $3.5 billion. Ameriprise generated considerable free cash and returned $666 million of capital to shareholders.
Adjusted operating earnings per diluted share excluding unlocking was $5.91, up 38 percent from last year.
GAAP net income per diluted share was $8.65, compared to a loss of $1.14 in the prior year period, driven by the fixed annuity reinsurance transaction.
Approximately $14 billion of net inflows from Advice & Wealth Management and Asset Management, up substantially from a year ago.
Assets under management and administration was $1.2 trillion, up 21 percent from strong client flows in Wealth and Asset Management, as well as market appreciation.
Ameriprise
Ameriprise
Ameriprise Revenue by Segment
Forward Guidance
Ameriprise is focused on maintaining its business momentum and strong performance through the remainder of the year into 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income