Ameriprise Q3 2022 Earnings Report
Key Takeaways
Ameriprise Financial reported a solid third quarter, with adjusted operating earnings per diluted share excluding unlocking at $6.43, up 9% year-over-year. The company saw strong growth in Wealth Management and stable performance in Retirement & Protection Solutions, with total client net flows up significantly to over $11 billion. While market depreciation impacted revenue from Asset Management, the company maintained a strong balance sheet and returned $632 million to shareholders.
Adjusted operating earnings per diluted share excluding unlocking was $6.43, a 9% increase year-over-year.
Total client net flows increased significantly to over $11 billion.
Ameriprise Bank approximately doubled in size year-over-year to $18.6 billion.
The company returned $632 million of capital to shareholders, remaining on track to return 90% of operating earnings to shareholders for the year.
Ameriprise
Ameriprise
Ameriprise Revenue by Segment
Forward Guidance
The operating effective tax rate is expected to be approximately 20 percent for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income