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Sep 30
Ameriprise Q3 2025 Earnings Report
Ameriprise Financial reported strong third-quarter 2025 results with significant increases in adjusted operating earnings per diluted share and GAAP net income per diluted share, driven by asset growth and expense discipline.
Key Takeaways
Ameriprise Financial delivered a strong third quarter, with adjusted operating earnings per diluted share increasing 22% to $9.87 and GAAP net income per diluted share rising 87% to $9.33. The company achieved record high assets under management, administration, and advisement of $1.7 trillion, up 8%, and adjusted operating net revenues increased 9% to $4.7 billion, primarily due to asset growth. Strong expense discipline and capital return to shareholders were also key highlights.
Adjusted operating earnings per diluted share increased 22% to $9.87, reflecting continued asset growth and expense discipline.
GAAP net income per diluted share was $9.33, an 87% increase compared to $5.00 a year ago.
Total assets under management, administration, and advisement reached a record high of $1.7 trillion, an 8% increase year-over-year.
Adjusted operating net revenues grew 9% to $4.7 billion, primarily driven by asset growth.
Ameriprise
Ameriprise
Ameriprise Revenue by Segment
Revenue by Segment
Advice & Wealth Management Revenue
CapyFin.comAsset Management Revenue
CapyFin.comRetirement & Protection Solutions Revenue
CapyFin.comCorporate & Other Revenue
CapyFin.comLong Term Care Revenue
CapyFin.comFixed Annuities Revenue
CapyFin.com Forward Guidance
Ameriprise Financial expects its operating effective tax rate to be between 20% and 22% for the full year 2025. The company remains focused on serving clients and driving shareholder value in a dynamic economic environment.
Positive Outlook
- Expected operating effective tax rate of 20% to 22% for full year 2025.
- Continued focus on delivering an excellent client experience.
- Strategic investments and disciplined expense management to navigate market cycles.
- Commitment to generating value through revenue and earnings growth and attractive margins.
- Strong free cash flow and differentiated capital return to shareholders.
Challenges Ahead
- Forecasted lower interest rate environment impacting bank net investment income (though stable for the quarter).
- Increasingly fluid economic and market environment poses ongoing challenges.
- Potential for market impacts on the valuation of derivatives and market risk benefits.
- Net outflows in the Asset Management segment, though improved sequentially.
- Uncertainty regarding future market performance and its impact on assets and revenues.