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Ameriprise Financial, Inc., together with its subsidiaries, operates as a diversified financial services company in the United States and internationally. The company offers financial planning and advice services to individual and institutional clients. It operates through Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, Corporate & Other segments. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through third-party financial institutions, advisor network, direct retail, and its institutional sales force under the Columbia Threadneedle Investments brand name. Its products include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products, as well as life and disability income insurance products to retail clients. Ameriprise Financial, Inc. was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. The company was founded in 1894 and is based in Minneapolis, Minnesota.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $18.5B | - | $3.6B | $8.2B | 54.4% | 7.0% | 4.8% |
| 2024 | $17.3B | - | $3.4B | $6.4B | 65.1% | 11.1% | 33.1% |
| 2023 | $15.5B | - | $2.6B | $4.5B | 54.0% | 9.0% | -18.8% |
| 2022 | $14.3B | - | $3.1B | $4.2B | 82.8% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 14,258 | 15,535 | 17,264 | 18,480 |
| Operating Revenue | - | 14,258 | 15,535 | 17,264 | 18,480 |
| Selling General And Administration | - | 8,658 | 8,949 | 9,927 | 10,616 |
| Total Expenses | - | 10,327 | 12,301 | 12,997 | 13,976 |
| EBIT | - | 4,129 | 3,558 | 4,596 | 4,830 |
| Interest Income | - | -76 | -561 | -662 | -431 |
| Interest Expense | - | 198 | 324 | 329 | 326 |
| Net Interest Income | - | -198 | -324 | -329 | -326 |
| Other Income Expense | - | 491 | 513 | 516 | 528 |
| Interest Expense Non Operating | - | 198 | 324 | 329 | 326 |
| Net Non Operating Interest Income Expense | - | -198 | -324 | -329 | -326 |
| Pretax Income | - | 3,931 | 3,234 | 4,267 | 4,504 |
| Tax Provision | - | 782 | 678 | 866 | 941 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 3,149 | 2,556 | 3,401 | 3,563 |
| Net Income From Continuing And Discontinued Operation | - | 3,149 | 2,556 | 3,401 | 3,563 |
| Net Income From Continuing Operation Net Minority Interest | - | 3,149 | 2,556 | 3,401 | 3,563 |
| Net Income | - | 3,149 | 2,556 | 3,401 | 3,563 |
| Net Income Common Stockholders | - | 3,149 | 2,556 | 3,401 | 3,563 |
| Net Income Including Noncontrolling Interests | - | 3,149 | 2,556 | 3,401 | 3,563 |
| Normalized Income | - | 3,149 | 2,556 | 3,401 | 3,563 |
| Diluted NI Availto Com Stockholders | - | 3,149 | 2,556 | 3,401 | 3,563 |
| Basic Average Shares | - | 105.28 | 100.17 | 96.17 | 91.26 |
| Diluted Average Shares | - | 105.28 | 100.17 | 96.17 | 91.26 |
| Reconciled Depreciation | - | -40 | -154 | -159 | -93 |
| Total Unusual Items | 0 | - | - | - | - |
| Total Unusual Items Excluding Goodwill | 0 | - | - | - | - |
| Special Income Charges | 0 | - | - | - | - |
| General And Administrative Expense | - | 3,723 | 3,871 | 3,903 | 3,875 |
| Other Gand A | - | 3,723 | 3,871 | 3,903 | 3,875 |
| Selling And Marketing Expense | - | 4,935 | 5,078 | 6,024 | 6,741 |
| Loss Adjustment Expense | - | 554 | 2,128 | 1,883 | 2,317 |
| Net Policyholder Benefits And Claims | - | 554 | 2,128 | 1,883 | 2,317 |
| Policyholder Benefits Gross | - | 554 | 2,128 | 1,883 | 2,317 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ameriprise Financial, Inc.this co. | AMP | $40.9B | 11.48↓ discount | 6.25 | 54.4% | - |
| State Street Corporation | STT | $45.0B | 15.30 | 1.86 | 12.1% | - |
| MSCI Inc. | MSCI | $45.0B | 37.44 | -16.96 | -45.3% | 26.42 |
| Coinbase Global, Inc. | COIN | $43.2B | 34.31 | 2.92 | 8.5% | 22.15 |
| Ares Management Corporation | ARES | $43.0B |
| - |
| - |
| - |
| - |
| - |
| - |
| 81.62 |
| 15.29 |
| 18.7% |
| 24.30 |
| American International Group, Inc. | AIG | $38.9B | 12.58 | 0.95 | 7.5% | - |
| PayPal Holdings, Inc. | PYPL | $37.7B | 7.21 | 1.86 | 25.8% | 4.84 |
| Prudential Financial, Inc. | PRU | $35.9B | 10.15 | 1.11 | 10.9% | - |
| The Hartford Insurance Group, Inc. | HIG | $34.9B | 9.15 | 1.84 | 20.1% | - |
| Peer Median | - | 13.94 | 1.85 | 11.5% | 23.23 | |