Ameriprise Financial, Inc.

AMP
Sector

Financials

Industry

Asset Management

Market Cap

$50.83B

Employees

13.8K

Company Overview

Ameriprise Financial is a diversified financial services company providing solutions to help clients achieve their financial objectives. The company's core business model revolves around wealth management and asset management, offering financial planning, advice, and a broad range of products and services. Ameriprise is a long-standing leader in financial planning and advice with a strong market position in the U.S. and Europe.

Filing Highlights

Key insights and themes extracted from this filing

5 Themes

Financial Performance

3 Insights

Total revenues increased from $4,325 million to $4,481 million, driven by increases in management and financial advice fees. However, this growth was partially offset by decreases in net investment income and premiums, policy and contract charges.

Net income decreased from $990 million to $583 million, primarily due to a substantial increase in total benefits and expenses. The change in fair value of market risk benefits contributed significantly to this decrease.

Banking and deposit interest expense decreased from $179 million to $127 million, reflecting lower average crediting rates and lower balances on certificates and lower average crediting rates on Ameriprise Bank cash deposits.

Capital Allocation

3 Insights

Risk Factors

3 Insights

Market Environment

2 Insights

Financial Performance

1 Insight