Ameriprise Q4 2019 Earnings Report
Key Takeaways
Ameriprise Financial reported a strong fourth quarter, driven by growth in Advice & Wealth Management and improved client flows in Asset Management. The company closed the sale of its Auto & Home business, adding over $700 million to excess capital. Ameriprise returned $689 million to shareholders through dividends and share repurchases during the quarter.
Adjusted operating earnings per diluted share increased 11 percent to $4.20, and adjusted operating return on equity increased 80 basis points to 38.6 percent.
Ameriprise closed on the sale of its Auto & Home business, adding over $700 million to excess capital, generating a $161 million net benefit on a full year GAAP pretax basis.
Adjusted operating net revenue was up 6 percent to $3.0 billion, excluding Auto & Home.
Assets under management and administration were $973 billion, and Advice & Wealth Management total client assets were $643 billion – both represented record highs.
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Ameriprise Revenue by Segment
Forward Guidance
Ameriprise is in an excellent position to serve even more individual investors and institutions through personal, advice-based relationships and high-performing solutions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income