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Dec 31, 2024
Ameriprise Q4 2024 Earnings Report
Ameriprise reported a strong Q4 2024 with double-digit revenue growth and excellent earnings growth, driven by robust client activity and engagement.
Key Takeaways
Ameriprise Financial reported a record year in 2024, with a strong fourth quarter. The company saw double-digit revenue growth and excellent earnings growth, reflecting the strength of the business and its client and advisor value propositions. Client activity and engagement were robust, with client inflows into fee-based investment advisory accounts growing to an all-time high. Total client assets reached record levels due to strong wealth management flows and positive markets.
Adjusted operating earnings per diluted share increased 23 percent to $9.54 excluding severance expense, mark-to-market impact on share-based compensation, and a prior year regulatory accrual.
Assets under management, administration, and advisement grew to $1.5 trillion, up 10 percent, including strong client net inflows of $35 billion over the past 12 months.
Adjusted operating net revenues increased 13 percent from strong asset growth and higher transactional activity.
The company returned $768 million of capital to shareholders in the quarter.
Ameriprise
Ameriprise
Ameriprise Revenue by Segment
Revenue by Segment
Advice & Wealth Mgmt net Revenue
CapyFin.comAsset Mgmt net Revenue
CapyFin.comRetirement & Protection net Revenue
CapyFin.com Forward Guidance
This news release contains forward-looking statements that reflect management’s plans, estimates and beliefs. Actual results could differ materially from those described in these forward-looking statements.
Positive Outlook
- Statements of the company’s plans, intentions, positioning, expectations, objectives or goals, including those relating to asset flows, mass affluent and affluent client acquisition strategy, client retention and growth of our client base, financial advisor productivity, retention, recruiting and enrollments, the introduction, cessation, terms or pricing of new or existing products and services, general and administrative costs, net pretax adjusted operating margin, consolidated tax rate, return of capital to shareholders, and excess capital position and financial flexibility to capture additional growth opportunities
- Statements about higher sustainable net investment income at the bank and the forecast for a lower rate environment
- Statements about continued improved performance of long term care operating earnings
- Statements about future economic performance, the performance of equity markets and interest rate variations and the economic performance of the United States and of global markets
- Statements estimating the financial impacts and future profitability arising from the company’s initiatives to enhance operational efficiency and effectiveness
Challenges Ahead
- Actual results could differ materially from those described in these forward-looking statements.
- Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from such statements.
- Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.
- Management cautions readers to carefully consider the risks described in the “Risk Factors” discussion under Part 1, Item 1A of and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2023 available at ir.ameriprise.com.
- Management undertakes no obligation to update publicly or revise any forward-looking statements.