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Dec 31, 2023

Ameriprise Q4 2023 Earnings Report

Ameriprise reported strong Q4 2023 results driven by revenue and earnings growth as well as strong free cash flow.

Key Takeaways

Ameriprise Financial reported a strong fourth quarter in 2023, with adjusted operating earnings per diluted share at $7.20. The company saw an increase in adjusted operating net revenues by 8 percent, driven by organic growth and higher spread revenues. Assets under management and administration reached $1.4 trillion, a 15 percent increase.

Adjusted operating earnings per diluted share was $7.20.

Adjusted operating net revenues increased 8 percent from organic growth and higher spread revenues.

Assets under management and administration reached $1.4 trillion, up 15 percent.

The company returned $587 million of capital to shareholders in the quarter and $2.5 billion for the full year.

Total Revenue
$3.99B
Previous year: $3.62B
+10.4%
EPS
$7.75
Previous year: $6.94
+11.7%
Total AUM and AUA
$1.4T
Previous year: $1.18T
+18.8%
AWM Total Client Assets
$485B
Previous year: $409B
+18.5%
Gross Profit
$1.83B
Previous year: $1.73B
+5.7%
Cash and Equivalents
$7.48B
Previous year: $8.76B
-14.6%
Total Assets
$175B
Previous year: $159B
+10.3%

Ameriprise

Ameriprise

Ameriprise Revenue by Segment

Forward Guidance

Ameriprise is well-positioned for 2024 due to compelling value propositions, growth investments and effective expense management.