Ameriprise Financial Reports First Quarter 2017 Results

MINNEAPOLIS – April 24, 2017 – Ameriprise Financial, Inc. (NYSE: AMP) today reported first quarter 2017 net income of $403 million, up 11 percent compared to a year ago, or $2.52 per diluted share, up 21 percent. Operating earnings were $432 million, up 14 percent compared to a year ago, with operating earnings per diluted share of $2.70, up 24 percent.

Ameriprise Financial Announces Agreement to Acquire Investment Professionals, Inc.

MINNEAPOLISApril 24, 2017 – Ameriprise Financial (NYSE: AMP) announces it has signed a definitive agreement to acquire Investment Professionals, Inc., (IPI) an independent broker-dealer based in San Antonio, Texas specializing in the on-site delivery of investment programs for financial institutions, including banks and credit unions. IPI’s experience and expertise in serving the financial institutions market will complement Ameriprise’s successful growth strategy in Advice and Wealth Management.

Ameriprise Financial Announces Schedule for First Quarter 2017 Investor Conference Call and Annual Meeting of Shareholders

Ameriprise Financial, Inc. (NYSE: AMP) today announced the timing of the following upcoming investor events: First Quarter 2017 Investor Confernece Call and Annual Meeting of Shareholders.

Ameriprise Study: Family Financial Discussions Go Smoother Than Anticipated, But Unrealistic Inheritance Expectations Persist

According to new research released by Ameriprise Financial (NYSE: AMP), more than half (52%) of Americans say they feel extremely or very confident about their family’s financial future. Their secret: regular family conversations about money. Families with the most financial confidence say they cover a variety of topics including long-term financial goals, retirement and estate planning. The Family Wealth Checkup study surveyed 2,700 Americans between the ages of 25-70, revealing how families navigate financial communication and the challenges they encounter along the way.
 

Ameriprise Financial Gives Back to the Community with $13 Million and 81,000 Volunteer Hours in Support of Nonprofits

MINNEAPOLISFeb. 3, 2017 – Ameriprise Financial, Inc. (NYSE: AMP), together with its employees and advisors, gave $13 million and logged 81,000 hours volunteering at nonprofits across the country in 2016. In keeping with its longstanding philanthropic priorities, the firm directed much of its support to nonprofits aimed at helping individuals meet basic needs like food and shelter.
 

Ameriprise Financial Declares Regular Quarterly Dividend

MINNEAPOLIS – February 1, 2017 – The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has declared a quarterly cash dividend of $0.75 per common share payable on February 28, 2017 to shareholders of record at the close of business on February 13, 2017.

Ameriprise Financial Reports Fourth Quarter and Full Year 2016 Results

Fourth quarter 2016 net income(1) per diluted share was $2.46
Operating EPS was $2.73
 
Full Year 2016 net income(1) per diluted share was $7.81
Operating EPS was $8.48
Excluding annual unlocking(2), operating EPS was $9.40
 
Fourth quarter 2016 return on equity excluding AOCI was 20.4 percent
Operating ROE excluding AOCI was 22.2 percent

Excluding annual unlocking(2), operating ROE excluding AOCI was 24.6 percent



MINNEAPOLIS – February 1, 2017 – Ameriprise Financial, Inc. (NYSE: AMP) today reported fourth quarter 2016 net income(1) of $400 million, or $2.46 per diluted share. Operating earnings were $443 million, with operating earnings per diluted share of $2.73.
 
GAAP Results – Fourth Quarter
Net revenues of $3.1 billion decreased 1 percent or $41 million from last year. The decrease in revenue related to the deconsolidation of certain collateralized loan obligations and property funds was offset by the increase in the market impact of hedges on investments. Operating net revenue decreased $41 million or 1 percent versus last year as described below.
 
Expenses of $2.6 billion decreased 2 percent as a result of lower general and administrative expenses and the deconsolidation of certain investment entities.
 
Operating Results – Fourth Quarter
Operating net revenues of $2.9 billion decreased 1 percent or $41 million versus last year. Strong net revenue growth in Advice & Wealth Management from growth in client assets was offset by lower Asset Management revenues relating to outflows, foreign exchange translation and elevated performance fees a year ago. 

1. Net income represents net income attributable to Ameriprise Financial.
2. Unlocking represents the company’s annual review of insurance and annuity valuation assumptions and model changes and the long term care review conducted in the third quarter.


 

Ameriprise Financial Launches Next Phase of “Be Brilliant” Ads to Inspire Investors

Ameriprise Financial (NYSE: AMP) unveils the next chapter of its “Be Brilliant®” brand platform with new ads showcasing the benefit of working with an Ameriprise advisor. The ads feature personal, touching stories that depict how investors can achieve their goals before and during retirement. This extension of “Be Brilliant” continues to emphasize the message, “With the right advisor, life can be brilliant.”

Ameriprise Financial Announces Schedule for Fourth Quarter and Full Year 2016 Investor Conference Call

MINNEAPOLIS – January 4, 2017 – Ameriprise Financial, Inc. (NYSE: AMP) plans to announce its fourth quarter and full year 2016 financial results on Wednesday, February 1, 2017 after the close of the New York Stock Exchange. The company will host a conference call to discuss the results on Thursday, February 2, 2017 at approximately 9:00 a.m. (ET).

Ameriprise Financial Named “Best Place to Work” For LGBT Equality for 11th Consecutive Year

Minneapolis – (December 5, 2016) – For the 11th year in a row year, Ameriprise Financial (NYSE: AMP) has earned 100 percent on the Human Rights Campaign Corporate Equality Index (CEI), a national benchmarking report measuring corporate policies and practices related to lesbian, gay, bisexual, and transgender (LGBT) workplace equality.