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AI English summary of an SEC filing — figures as filed

Ameriprise Financial logoAmeriprise Financial AMP

Ameriprise Financial said adjusted operating earnings per diluted share for Q2 increased 7% to $9.11. GAAP earnings per diluted share were $10.73 compared to $8.02 a year ago, and GAAP net income was $1,060 million.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Ameriprise Financial said adjusted operating earnings per diluted share for Q2 increased 7% to $9.11. GAAP earnings per diluted share were $10.73 compared to $8.02 a year ago, and GAAP net income was $1,060 million.

  2. The company disclosed that Advice & Wealth Management pretax adjusted operating earnings for Q2 were $812 million with a margin of 28.9%, compared to 31.1% a year ago. Adjusted operating net revenues increased 6% to $2,807 million.

  3. Ameriprise Financial said Asset Management net outflows for Q2 were $8.7 billion, which included $4.8 billion in institutional net outflows and $1.6 billion related to the Lionstone exit. Assets under management and advisement increased 2% to $690 billion from a year ago.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Q2 Adjusted Operating Earnings Per Diluted Share $9.11, GAAP Earnings Per Diluted Share $10.73

Ameriprise Financial said adjusted operating earnings per diluted share for Q2 increased 7% to $9.11. GAAP earnings per diluted share were $10.73 compared to $8.02 a year ago, and GAAP net income was $1,060 million.

Source · Based on the filing body and exhibits

Advice & Wealth Management Pretax Adjusted Operating Earnings $812 million

The company disclosed that Advice & Wealth Management pretax adjusted operating earnings for Q2 were $812 million with a margin of 28.9%, compared to 31.1% a year ago. Adjusted operating net revenues increased 6% to $2,807 million.

Source · Based on the filing body and exhibits

Asset Management Net Outflows $8.7 billion, Assets Under Management and Advisement $690 billion

Ameriprise Financial said Asset Management net outflows for Q2 were $8.7 billion, which included $4.8 billion in institutional net outflows and $1.6 billion related to the Lionstone exit. Assets under management and advisement increased 2% to $690 billion from a year ago.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.