Ameriprise Q4 2022 Earnings Report
Key Takeaways
Ameriprise Financial reported strong fourth-quarter results, with adjusted operating earnings per diluted share up 13 percent year-over-year. The Advice and Wealth Management segment achieved a record margin of 30 percent, driven by significant organic growth. Despite challenges in Asset Management due to market depreciation, the company maintained a strong capital return to shareholders, demonstrating its financial strength and diversification.
Adjusted operating EPS increased by 13% year-over-year, driven by solid business performance and capital return to shareholders.
Advice & Wealth Management margin reached a record high of 30% due to excellent growth in the Wealth Management business.
Total client flows in Advice & Wealth Management were $12.4 billion for the quarter and $42.5 billion for the year, reaching record highs.
The company returned $610 million of capital to shareholders during the quarter and $2.4 billion for the full year.
Ameriprise
Ameriprise
Ameriprise Revenue by Segment
Forward Guidance
Ameriprise is well-positioned to build on its momentum in 2023.
Positive Outlook
- Strong growth across cash offerings, including at the bank.
- Retirement and Protection Solutions business benefited from increased spread revenue.
- Focus on executing strategic priorities, including the integration of the BMO EMEA business.
- Capital management is a differentiator for Ameriprise.
- Company consistently generates significant free cash flow across its business that we reinvest in the business and return to shareholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income