Ameriprise Financial Appoints New Director

MINNEAPOLIS – June 3, 2019 – Ameriprise Financial, Inc. (NYSE: AMP) today announced that Mr. Brian T. Shea has been appointed to its board of directors, effective as of June 1, 2019.

Ameriprise Financial Named a “Top Performer” in Customer Satisfaction Ratings

Minneapolis(May 1, 2019) – Ameriprise Financial (NYSE: AMP) today announced it has been named a top performer in the ninth annual Wants & Pricing customer satisfaction report conducted by independent research company Hearts & Wallets. The firm earned high scores among industry peers for attributes clients say they value most from their financial providers. Survey respondents gave Ameriprise top marks for “explains things in understandable terms", “is unbiased, puts my interests first”, as well as “understands me and shares my values”.
 

Ameriprise Financial Reports First Quarter 2019 Results

MINNEAPOLIS – April 24, 2019 – Ameriprise Financial, Inc. (NYSE: AMP) today reported first quarter 2019 net income of $395 million, or $2.82 per diluted share. Adjusted operating earnings were $525 million, with adjusted operating earnings per diluted share of $3.75, up 2 percent. Normalizing for the tax rate and a vendor settlement in the prior year period, adjusted operating earnings per diluted share was up 8 percent. 

Ameriprise Financial Increases Regular Quarterly Dividend

MINNEAPOLIS – April 24, 2019 – The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) increased the company’s quarterly cash dividend by 8 percent, or $0.07 per diluted share, to $0.97 per diluted share payable on May 17, 2019 to shareholders of record at the close of business on May 6, 2019.

Ameriprise Financial Announces Schedule for First Quarter 2019 Investor Conference Call and Annual Meeting of Shareholders

MINNEAPOLIS – April 11, 2019 – Ameriprise Financial, Inc. (NYSE: AMP) plans to announce its first quarter 2019 financial results on Wednesday, April 24, 2019 after the close of the New York Stock Exchange. The company will host a conference call to discuss the results on Thursday, April 25, 2019 at approximately 9:00 a.m. (ET).

Investors Feel Financially Confident, but Worry about the Next Generation in their Family, Ameriprise Study Reveals

Minneapolis – April 10, 2019 – Modern Money, a new study released today by Ameriprise Financial (NYSE: AMP), reveals 78 percent of investors say achieving financial success has been the same or easier for them than it was for their parents at the same age, but over half (51 percent) think it will be harder for the next generation in their family to feel comfortable financially. The study, which surveyed more than 3,000 U.S. investors ages 30 to 69 with at least $100,000 in investable assets, explores how attitudes toward conventional financial goals such as homeownership, supporting children, and retirement have shifted across generations. The study also sheds light on how these changes impact investors’ relationship with money.

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.