Ameriprise Q3 2021 Earnings Report

Ameriprise achieved a record quarter driven by organic growth and market appreciation.

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.