AMERIPRISE FINANCIAL INC

Listed Company

AMPCIK 0000820027NYSELarge AcceleratedInvestment AdviceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$18.91B

Net Income

$3.56B

Total Assets

$190.90B

Equity

$6.55B

Shares Out

91.18M

Op. Cash Flow

$8.32B

+ 13F Filer

Business

AMERIPRISE FINANCIAL INC is a diversified financial services holding company that provides financial planning, advice and asset management through its subsidiaries. It offers wealth management services, financial planning and advice, brokerage services, banking and cash management, annuities, life and disability insurance, and a broad range of asset management products under Columbia Threadneedle and RiverSource brands. Its principal operating segments are Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. Products are distributed through a national advisor network, third‑party distributors, institutional sales, direct retail and international channels.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net investment income	3,570	3,648	3,206	1,474	1,683
Premiums, policy and contract charges	1,587	1,559	1,539	1,397	221
Other revenues	528	516	513	491	382
Total revenues	18,911	17,926	16,096	14,334	13,389
Banking and deposit interest expense	431	662	561	76	12
Total net revenues	18,480	17,264	15,535	14,258	13,377
Distribution expenses	6,741	6,024	5,078	4,935	5,028
Interest credited to fixed accounts	475	616	654	665	600
Benefits, claims, losses and settlement expenses	1,303	1,299	1,350	242	−156
Remeasurement (gains) losses of future policy benefit reserves	10	−44	−20	1	−52
Change in fair value of market risk benefits	1,004	628	798	311	−113
Amortization of deferred acquisition costs	242	242	246	—	—
Interest and debt expense	326	329	324	198	191
General and administrative expense	3,875	3,903	3,871	3,723	3,435
Total benefits and expenses	13,976	12,997	12,301	10,327	9,192
Pretax income	4,504	4,267	3,234	3,931	4,185
Income tax provision	941	866	678	782	768
Net income	3,563	3,401	2,556	3,149	3,417
Basic (in dollars per share)	36.85	33.67	24.18	28.29	29.13
Diluted (in dollars per share)	36.28	33.05	23.71	27.7	28.48

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Market risk benefits	2,274	2,182	1,427	1,015	539
Separate account assets	80,044	78,114	77,457	73,962	97,491
Deferred acquisition costs	2,625	2,677	2,713	2,777	2,844
Restricted and segregated cash, cash equivalents and investments	1,055	1,444	1,635	2,229	2,795
Total assets	190,904	181,403	175,191	158,852	177,735
Policyholder account balances, future policy benefits and claims	46,498	41,873	37,545	34,132	35,023
Market risk benefits	1,182	1,263	1,762	2,118	3,440
Separate account liabilities	80,044	78,114	77,457	73,962	97,491
Customer deposits	33,750	35,826	37,321	30,775	20,227
Short-term borrowings	200	201	201	201	200
Accounts payable and accrued expenses	2,982	2,704	2,603	2,242	2,527
Total liabilities	184,355	176,175	170,462	155,049	172,898
Common shares ($0.01 par value; shares authorized, 1,250,000,000; shares issued, 338,058,287 and 337,729,050, respectively)	3	3	3	3	3
Additional paid-in capital	10,377	10,141	9,824	9,517	9,220
Retained earnings	27,662	24,713	21,905	19,918	17,322
Treasury shares, at cost (246,794,407 and 241,562,357 shares, respectively)	−30,601	−27,721	−25,237	−23,089	−21,066
Accumulated other comprehensive income (loss), net of tax	−892	−1,908	−1,766	−2,546	−642
Total equity	6,549	5,228	4,729	3,803	4,837
Total liabilities and equity	190,904	181,403	175,191	158,852	177,735

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion, net	−93	−159	−154	−40	98
Deferred income tax expense (benefit)	157	125	18	155	91
Share-based compensation	206	193	187	170	152
Net realized investment (gains) losses	−3	15	47	−1	−632
Net trading (gains) losses	−6	−7	−9	16	5
Loss from equity method investments	8	19	27	36	75
Impairments and provision for loan and credit losses	19	9	−16	98	4
Net (gains) losses of consolidated investment entities	12	−13	23	17	−20
Restricted and segregated investments	477	102	−8	−96	25
Deferred acquisition costs	52	36	64	67	−8
Policyholder account balances, future policy benefits and claims, and market risk benefits, net	4,610	3,831	3,071	623	1,090
Derivatives, net of collateral	−394	−1,696	−624	315	−570
Receivables	−159	215	276	39	−568
Brokerage deposits	−385	−55	−781	−345	26
Accounts payable and accrued expenses	261	105	354	−219	300
Current income tax, net	−108	200	−387	116	−308
Other operating assets and liabilities of consolidated investment entities, net	6	1	−5	2	20
Other, net	100	273	46	305	128
Net cash provided by (used in) operating activities	8,323	6,595	4,685	4,407	3,325
Proceeds from sales	2,154	2,340	734	1,306	556
Maturities, sinking fund payments and calls	16,919	15,684	9,230	7,621	11,501
Purchases	−19,504	−18,536	−19,694	−22,034	−14,718
Proceeds from sales, maturities and repayments of mortgage loans	240	175	152	169	299
Funding of mortgage loans	−713	−413	−284	−207	−263
Proceeds from sales, maturities and collections of other investments	70	123	145	96	173
Purchase of other investments	−51	−158	−116	−99	−97
Purchase of investments by consolidated investment entities	−1,431	−1,125	−427	−961	−1,603
Proceeds from sales, maturities and repayments of investments by consolidated investment entities	988	1,117	643	615	1,047
Purchase of land, buildings, equipment and software	−162	−176	−184	−182	−120
Cash paid for written options with deferred premiums	−50	−57	−59	−619	−552
Cash received from written options with deferred premiums	20	22	43	204	106
Cash paid for deposit receivables	−29	−33	−39	−45	−377
Cash received for deposit receivables	427	592	774	550	254
Other, net	−406	−106	−180	−31	−10
Net cash provided by (used in) investing activities	−1,528	−551	−9,262	−13,583	−4,380
Proceeds from additions	3,064	4,942	11,193	8,343	2,733
Maturities, withdrawals and cash surrenders	−6,123	−7,212	−7,039	−4,339	−4,190
Deposits and other additions	1,293	1,470	1,476	1,169	1,553
Net transfers from (to) separate accounts	−163	−176	−132	−162	−273
Surrenders and other benefits	−1,487	−1,765	−2,102	−1,459	−1,365
Change in banking deposits, net	1,356	809	3,193	6,885	4,016
Cash paid for purchased options with deferred premiums	−121	−148	−53	−197	−156
Cash received for purchased options with deferred premiums	96	229	251	378	1,350
Issuance of long-term debt, net of issuance costs	741	0	1,335	495	4
Repayments of long-term debt	−510	−561	−760	−510	−9
Dividends paid to shareholders	−596	−574	−550	−534	−511
Repurchase of common shares	−2,907	−2,448	−2,127	−1,978	−2,030
Borrowings of consolidated investment entities	1,120	1,273	0	341	1,756
Repayments of debt by consolidated investment entities	−922	−1,004	−275	−4	−1,142
Other, net	2	0	1	2	−14
Net cash provided by (used in) financing activities	−5,157	−5,165	4,411	8,430	1,723
Effect of exchange rate changes on cash	31	−10	31	−68	−2
Net increase (decrease) in cash and cash equivalents, including amounts restricted	1,669	869	−135	−814	666
Leased assets obtained in exchange for operating lease liabilities	50	39	67	47	109

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 11,604 positions

Reported AUM

$338.88B

Holdings

11.6K

Top sector

$338.88B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$338.88B	100.0%

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