Ameriprise Financial said pretax income for 2024 increased $1.0 billion, or 32%, compared to the prior year. The company cited the cumulative impact of wrap net inflows and improved transactional activity, higher investment portfolio yields and other factors as drivers of the year-over-year change.

1. 01

   Ameriprise Financial said pretax income for 2024 increased $1.0 billion, or 32%, compared to the prior year. The company cited the cumulative impact of wrap net inflows and improved transactional activity, higher investment portfolio yields and other factors as drivers of the year-over-year change.

2. 02

   Management and financial advice fees for 2024 increased $1.2 billion, or 14%, compared to the prior year, Ameriprise Financial said. The company cited market appreciation and continued wrap account net inflows, partially offset by the cumulative impact of Asset Management and variable annuity net outflows.

3. 03

   Ameriprise Financial said pretax adjusted operating earnings for its Advice & Wealth Management segment increased $382 million, or 13%, for 2024 compared to the prior year. Pretax adjusted operating margin was 30.0% for 2024 compared to 30.3% for the prior year.

4. 04

   Operating cash flow for 2024 increased $1.9 billion to $6.6 billion, the company said. It cited fee-based business earnings, lower net outflows of brokerage deposits, lower income tax payments and higher investment income as factors.

Key figures

Fiscal year ended December 31, 2024

Revenue

$17.9B

Net income

$3.4B

EPS

$33.05

Operating cash flow

$6.6B

Analysis 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.

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

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