Ameriprise Financial Announces Agreement to Sell Auto & Home Business to American Family Insurance for $1.05 Billion

MINNEAPOLIS – April 2, 2019 – Ameriprise Financial (NYSE: AMP) today announced it has signed a definitive agreement with a subsidiary of Madison, Wisconsin-based American Family Insurance Mutual Holding Company (American Family Insurance) for the sale of Ameriprise Auto & Home (AAH), a business unit of Ameriprise Financial based in De Pere, Wisconsin. Ameriprise will receive gross proceeds of $1.05 billion in cash. After a payment to an affinity partner, the net proceeds are approximately $950 million, subject to certain post-closing financial adjustments. Both companies are committed to executing a smooth transition for partners, policyholders, employees and other stakeholders. Current AAH customers will retain their policies with no change in coverage or service.  

Ameriprise Financial Announces Fixed Annuity Reinsurance Transaction with Global Atlantic

MINNEAPOLIS – March 19, 2019 – Ameriprise Financial, Inc. (NYSE: AMP) (“the company”) announced today that its insurance subsidiary, RiverSource Life Insurance Company, has entered into an agreement with Commonwealth Annuity and Life Insurance Company, a subsidiary of Global Atlantic Financial Group, to reinsure approximately $1.7 billion of fixed annuity policies sold through third parties, which is approximately 20 percent of the company’s in force fixed annuity account balances.

Ameriprise Financial Releases New Ad Highlighting the Power of Relationships Built on Trust

Minneapolis – March 8, 2019 – Ameriprise Financial (NYSE: AMP) today released a new television ad that demonstrates the firm’s commitment to helping clients feel confident, connected and in control of their financial lives. The launch of the new 30-second spot, titled “Trust,” coincides with International Women’s Day. “Trust” depicts a woman reflecting on her long and trusted relationships with the women in her inner circle. Among this group is the woman’s Ameriprise advisor, Beth, who was referred to her by one of her closest friends. The spot conveys how Ameriprise advisors cultivate trusted relationships with their clients – by taking the time to understand what’s most important to them, and offering comprehensive advice and solutions to help them achieve their financial goals.

Ameriprise Financial Announces Additional $2.5 Billion Share Repurchase Authorization

MINNEAPOLIS – February 26, 2019 – The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has authorized an additional $2.5 billion for the repurchase of shares of its common stock through March 31, 2021. Through the fourth quarter of 2018, the company had repurchased approximately $2.0 billion of its current $2.5 billion authorization, and the remaining capacity will continue to be available through June 30, 2019.

Ameriprise Financial Reports Fourth Quarter and Full Year 2018 Results

MINNEAPOLIS – January 30, 2018 – Ameriprise Financial, Inc. (NYSE: AMP) today reported fourth quarter 2018 net income of $539 million, or $3.76 per diluted share. Adjusted operating earnings excluding items(1) increased 12 percent to $544 million, with adjusted operating earnings per diluted share excluding items(1) up 21 percent to $3.80. Significant equity and interest rate volatility resulted in non-cash mean reversion-related impacts of an unfavorable $56 million after-tax in the Annuities and Protection segments in the current quarter compared to a $13 million favorable after-tax impact in the prior year quarter.

Ameriprise Financial Declares Regular Quarterly Dividend

MINNEAPOLIS – January 30, 2019 – The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has declared a quarterly cash dividend of $0.90 per common share payable on February 28, 2019 to shareholders of record at the close of business on February 15, 2019.

Ameriprise Financial Launches New Ads Showcasing the Brilliant Experience It Delivers to Clients

Ameriprise Financial (NYSE: AMP) is ushering in 2019 with new advertisements that bring to life the personalized experience the firm and its approximately 10,000 financial advisors deliver to clients. The latest round of ads introduces the next chapter of the firm’s successful Be Brilliant® brand platform, which has evolved to appeal to the needs of a multigenerational audience. Launched in 2015, Be Brilliant® focuses on how Ameriprise helps clients achieve moments of brilliance in their everyday lives and retirement. The new iteration of the brand platform includes two, 30-second television spots that underscore the firm’s commitment to providing one-to-one advisor-client relationships, personalized advice, and solutions to help clients feel confident, connected and in control of their financial lives.

Ameriprise Financial Announces Schedule for Fourth Quarter and Full Year 2018 Investor Conference Call

MINNEAPOLIS – December 13, 2018 – Ameriprise Financial, Inc. (NYSE: AMP) plans to announce its fourth quarter and full year 2018 financial results on Wednesday, January 30, 2019 after the close of the New York Stock Exchange. The company will host a conference call to discuss the results on Thursday, January 31, 2019 at approximately 9:00 a.m. (ET).

Thousands of Ameriprise Financial Volunteers Work to Help End Hunger at Nonprofits Across the Country

MinneapolisNov. 8, 2018 – Tomorrow, thousands of volunteers from Ameriprise Financial (NYSE: AMP) will lend a hand at food banks, pantries and warehouses across the country to help the 40 million Americans facing hunger. More than 7,600 Ameriprise employees, financial advisors and clients will serve meals, sort donations and stack shelves at 400 events nationwide. This effort will help provide more than 1 million meals for people in need ahead of the holiday season.