AI English summary of an SEC filing — figures as filed
Ameriprise Financial AMPThe company said Available Capital for Capital Adequacy was $5.4 billion as of December 31, 2023, compared with $5.2 billion at year-end 2022, and cash and cash equivalents excluding CIEs and other restricted cash were $7.5 billion, compared with $7.0 billion at year-end 2022.
Key points
AI summaryThe company said Available Capital for Capital Adequacy was $5.4 billion as of December 31, 2023, compared with $5.2 billion at year-end 2022, and cash and cash equivalents excluding CIEs and other restricted cash were $7.5 billion, compared with $7.0 billion at year-end 2022.
The company said net cash from operating activities rose $278 million to $4.7 billion in 2023 ($4.4 billion in the prior year), net cash used in investing activities fell $4.3 billion to $9.3 billion, and net cash used in financing activities fell $4.0 billion to $4.4 billion.
The company issued $750 million of 5.15% unsecured senior notes due May 15, 2033 on March 9, 2023. It repaid $750 million principal amount of its 4.0% senior notes at maturity on October 16. On November 9, it issued $600 million of 5.7% unsecured senior notes due December 15, 2028.
Ameriprise Financial said pretax income decreased $254 million, or 6%, in 2022 from the prior year. The company said pretax adjusted operating earnings for its Advice & Wealth Management segment increased $449 million, or 26%, from the prior year, and the segment's pretax adjusted operating margin was 25.9% (21.7% in the prior year).
Key figures
Fiscal year ended December 31, 2023
- Revenue
- $16.1B
- Net income
- $2.6B
- EPS
- $23.71
- Operating cash flow
- $4.7B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Liquidity and Available Capital as of year-end 2023
The company said Available Capital for Capital Adequacy was $5.4 billion as of December 31, 2023, compared with $5.2 billion at year-end 2022, and cash and cash equivalents excluding CIEs and other restricted cash were $7.5 billion, compared with $7.0 billion at year-end 2022.
Source · Based on the MD&A text of the filing
Operating, Investing and Financing Cash Flows in 2023
The company said net cash from operating activities rose $278 million to $4.7 billion in 2023 ($4.4 billion in the prior year), net cash used in investing activities fell $4.3 billion to $9.3 billion, and net cash used in financing activities fell $4.0 billion to $4.4 billion.
Source · Based on the MD&A text of the filing
Senior Notes Issued and Repaid in 2023
The company issued $750 million of 5.15% unsecured senior notes due May 15, 2033 on March 9, 2023. It repaid $750 million principal amount of its 4.0% senior notes at maturity on October 16. On November 9, it issued $600 million of 5.7% unsecured senior notes due December 15, 2028.
Source · Based on the MD&A text of the filing
Pretax Income and Segment Adjusted Operating Earnings in 2022
Ameriprise Financial said pretax income decreased $254 million, or 6%, in 2022 from the prior year. The company said pretax adjusted operating earnings for its Advice & Wealth Management segment increased $449 million, or 26%, from the prior year, and the segment's pretax adjusted operating margin was 25.9% (21.7% in the prior year).
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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