AMP · Ameriprise Financial, Inc.

Ameriprise Financial delivered a strong first quarter in 2026, with adjusted operating earnings per diluted share rising 19% year-over-year to a record $11.26, driven by continued asset growth and robust client engagement. GAAP net income per diluted share surged 66% to $9.68, benefiting from smaller unfavorable market impacts on derivatives and market risk benefits compared to the prior year. Total assets under management, administration and advisement grew 12% to $1.7 trillion, reflecting organic growth and market appreciation. The Advice & Wealth Management segment posted a 20% increase in pretax adjusted operating earnings to $951 million, with a margin of 30.0%, supported by strong fee-based revenues and transactional activity. Asset Management saw pretax adjusted operating earnings rise 13% to $273 million, with net pretax margin improving to 44%. Retirement & Protection Solutions earnings declined 12% to $190 million due to higher distribution expenses and variable annuity outflows. The company returned $936 million, or 88% of operating earnings, to shareholders and raised its quarterly dividend by 6%, underscoring confidence in its capital strength. Management highlighted the durability of the business and consistent execution, with CEO Jim Cracchiolo noting strong revenue and earnings growth despite market volatility.