Ameriprise Financial, Inc. (AMP) SEC Filings & Earnings Calls

Asset Management Net Outflows

“Total AUM net outflows were $12.7 billion for the six months ended June 30, 2026.” · word for word

Variable Annuity Net Outflows

“Variable annuity account balances increased 7% to $94.4 billion as of June 30, 2026 compared to the prior year period primarily due to market appreciation, partially offset by net outflows of $5.2 billion.” · word for word

Nonperformance Credit Spread Risk

“If this nonperformance credit spread moves to a zero spread over the U.S. Treasury curve, the reduction to future total equity would be approximately $439 million, net of the reinsurance accrual and income taxes (calculated at the statutory tax rate of 21%), based on June 30, 2026 credit spreads.” · word for word

Client net flows declined 28% YoY partly due to advisor departures including Comerica terminations; cash sweep balances down sequentially.

“Client flows were $3.1 billion... partially offset by advisor departures, including Comerica terminations.” · word for word

Increased debt load may raise interest expense, though rates are fixed.

“Issued $750M in senior notes with fixed coupons 4.800% and 5.350%.”

Loss of key investment leadership could affect investment strategy and performance.

“Global CIO retiring; interim CIO appointed.”

Market sensitivity of fee revenue

“Asset management fees vary with market fluctuations and client behavior.”

Interest rate risk on investment portfolio

“Net unrealized losses on securities of $382 million in Q1 2026 vs gains of $374 million in Q1 2025.”

Market volatility could impact AUM and fee revenue.

“In an environment of heightened market volatility and uncertainty” · word for word

Dependence on market conditions for asset growth.

“market impacts on the valuation of derivatives and market risk benefits” · word for word

Market volatility risk

“Financial markets are subject to significant movements in valuation and liquidity, which can impact our ability to liquidate and the selling price that can be realized for our securities.” · word for word

Leadership transition in a key segment may cause temporary uncertainty or strategic drift.

“Retirement of President of Advice & Wealth Management Products & Service Delivery; no successor named.”

GAAP net income declined 6% YoY due to unfavorable market impacts on derivatives

“GAAP net income $1,008M vs $1,071M in Q4'24”

Cash sweep balances flat YoY at $29.9B, limiting spread earnings growth

“Cash sweep balances $29.9B, flat YoY”

Asset Management net outflows

“Total AUM net outflows were $32.5 billion for the nine months ended September 30, 2025 and included a large institutional client repositioning into passive strategies.” · word for word

LTC insurance unlocking losses

“LTC insurance had pretax adjusted operating loss of $22 million for the three months ended September 30, 2025 compared to pretax adjusted operating earnings of $9 million for the prior year period primarily reflecting a net unfavorable unlocking impact from updating morbidity and mortality assumptions.” · word for word

ACC deposit outflows

“Ameriprise Certificate Company ('ACC') client deposits decreased $3.1 billion from the prior year to $8.9 billion. After a period of strong growth during a rising interest rate environment, ACC has experienced net outflows during the past seven quarters.” · word for word

Market sensitivity; AUM and fee income dependent on equity market performance.

“Results reflected continued asset growth and expense discipline; market impacts on derivatives and market risk benefits” · word for word