Ameriprise Financial said pretax income increased $529 million, or 82%, for the 3 months ended September 30, 2025 compared to the prior year period. The market impact on non-traditional long-duration products, net of hedges and the reinsurance accrual, was an expense of $82 million for the period compared to an expense of $402 million for the prior year period.

1. 01

   Ameriprise Financial said pretax income increased $529 million, or 82%, for the 3 months ended September 30, 2025 compared to the prior year period. The market impact on non-traditional long-duration products, net of hedges and the reinsurance accrual, was an expense of $82 million for the period compared to an expense of $402 million for the prior year period.

2. 02

   The company said the favorable impact from unlocking was $22 million for the 3 months ended September 30, 2025 compared to an unfavorable impact of $77 million for the prior year period. It added that average WEI increased 15% for the period compared to the prior year period.

3. 03

   Ameriprise Financial said management and financial advice fees increased $238 million, or 9%, for the 3 months ended September 30, 2025 compared to the prior year period. The company attributed the increase to market appreciation and continued wrap account net inflows, partially offset by the cumulative impact of Asset Management net outflows.

4. 04

   The company said net cash provided by operating activities decreased $558 million to $5.7 billion for the 9 months ended September 30, 2025. During the same 9 months, it repurchased 3.7 million shares of common stock at an average price of $512.03 per share, and as of September 30 had $3.5 billion remaining under a $4.5 billion share repurchase authorization.

Key figures

Quarter ended September 30, 2025

Revenue

$4.9B

Net income

$912M

EPS

$9.33

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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