Ameriprise Financial Services ( (AMP) ) has released its Q4 earnings. Here is a breakdown of the information Ameriprise Financial Services presented to its investors.
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Ameriprise Financial Services, headquartered in Minneapolis, Minnesota, is a diversified financial services company offering investment advice, asset management, and insurance solutions primarily in the wealth management and asset management sectors. The company is recognized for its extensive network of financial advisors and a strong emphasis on client-centric financial planning.
In the latest earnings report for the fourth quarter and full year 2024, Ameriprise Financial highlighted significant growth in earnings per share and assets under management. The company’s adjusted operating earnings per diluted share saw a notable increase, and assets under management, administration, and advisement expanded to $1.5 trillion, driven by strong client net inflows. The company also returned substantial capital to shareholders, underscoring its robust financial health.
Key financial metrics revealed a 23% increase in fourth quarter adjusted operating earnings per diluted share, excluding certain expenses. Similarly, full-year adjusted earnings per share rose by 17%. The company achieved a GAAP return on equity of 49.7%, with adjusted operating return on equity, excluding unlocking, reaching 52.7%. Additionally, Ameriprise reported a 13% rise in adjusted operating net revenues, bolstered by growth in client assets and heightened transactional activity.
The Advice & Wealth Management segment showed strong organic growth, with pre-tax adjusted operating earnings up 18% and a pretax margin of 29%. This growth was attributed to increased client activity and market appreciation. The Asset Management segment also reported a 10% increase in adjusted operating net revenues, driven by equity market gains and improved expense management. The Retirement & Protection Solutions segment saw a 5% growth in pretax adjusted operating earnings, supported by client demand for annuities and life products.
Looking ahead, Ameriprise Financial’s management remains optimistic about continuing to deliver strong financial results and shareholder returns by leveraging its robust client relationships and market positioning. The company is strategically focused on navigating market environments while maintaining a strong balance sheet and generating significant free cash flow.
