The company said diluted GAAP earnings per share for Q1 2024 were $9.46 ($3.79 in the year-earlier quarter), and adjusted operating earnings per share were $8.39 ($7.25 a year earlier, up 16%). The company cited the market impact on the valuation of derivatives and market risk benefits as the factor behind the GAAP increase.

1. 01

   The company said diluted GAAP earnings per share for Q1 2024 were $9.46 ($3.79 in the year-earlier quarter), and adjusted operating earnings per share were $8.39 ($7.25 a year earlier, up 16%). The company cited the market impact on the valuation of derivatives and market risk benefits as the factor behind the GAAP increase.

2. 02

   Ameriprise said adjusted operating net revenues for its Advice & Wealth Management segment rose 13% to $2,560 million, pretax adjusted operating earnings were $762 million, and the margin was 29.8%. The company said it expects general and administrative expenses to grow at a mid-single digit rate for the full year.

3. 03

   The company said pretax adjusted operating earnings for its Asset Management segment rose 25% to $206 million, and total AUM increased 7% to $652 billion. It said net outflows for the same quarter were $5.7 billion.

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.

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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