Ameriprise Q3 2023 Earnings Report
Key Takeaways
Ameriprise Financial reported a strong third quarter with adjusted operating earnings per diluted share excluding unlocking up 21 percent from the prior year. Assets under management and administration reached $1.2 trillion, up 12 percent. Adjusted operating net revenues increased 11 percent.
Adjusted operating earnings per diluted share excluding unlocking was $7.68, up 21 percent from the prior year.
Assets under management and administration reached $1.2 trillion, up 12 percent from strong client net inflows and market appreciation.
Adjusted operating net revenues increased 11 percent from organic growth, higher spread revenues and equity market appreciation.
Free cash flow remained approximately 90 percent of earnings.
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Ameriprise Revenue by Segment
Forward Guidance
Ameriprise is expected to close on its partnership with Comerica Bank in November.
Revenue & Expenses
Visualization of income flow from segment revenue to net income