Ameriprise Financial : Q1 2026 Investor Presentation

Published: 2026-05-05 08:53:09 ET AMP

Published on 05/05/2026 at 08:53 am EDT

Ameriprise Financial Overview

Ameriprise Financial - a strong, successful company continually innovating to serve clients' needs exceptionally well

Our vision, mission, brand promise, and values guide our company, resulting in strong client relationships and excellent satisfaction

Vision

What we aspire to be

Corporate Mission

Our purpose

Brand Promise

Our commitment to clients

To be the most respected and referred financial services brand

To help people feel confident about their financial future

We shape financial solutions for a lifetime®

Values

What we can expect from each other

Client Focused

Integrity Always

Excellence in All We Do

Respect for Individuals and Our Communities

More than 130 years of commitment to clients and advisors

Leadership and scale

A longstanding leader in financial planning and advice in the U.S.

$1.7 trillion total assets under management and administration

Over 10,000 branded advisors in the U.S.

25th largest global asset manager

$26 billion in assets at Ameriprise Bank, FSB

$197 billion life insurance in force

Data as of March 31, 2026. See appendix for source information.

Financial strength and stability

Excellent capital position with $2.3 billion of excess capital above business, regulatory and rating agency requirements

$2.3 billion of available liquidity

High-quality, AA- rated investment portfolio

Strong ratings and proven enterprise risk management Conservative debt level with Debt/EBITDA well below 1x Diversified model generates strong free cash flow of ~90%

Financial strength to manage volatile market environments while continuing to invest in the business

Track-record of never taking a bailout

$40.3 billion market cap - up from $8.8B at spin off

#1 in total shareholder return within the S&P 500 Financials Index since spin off

Strong asset persistency from client relationships built on trust and personalized advice

Diverse business mix performs well across market cycles

Our business mix provides important benefits over market cycles with significant leverage points across the firm

Significant leverage across our businesses

Maintain pristine balance sheet and generate substantial free cash flow

Generate multiple revenue streams and strong return on assets

Our integrated model leverages key business linkages to drive growth and consistency across market cycles

Advice and Wealth

Management

Enterprise Capabilities

AWM & RiverSource

AWM is sole distributor of RiverSource solutions

$197 billion inforce life insurance

$88 billion of variable annuity AV

Enhanced client retention - clients with a RiverSource solution have 3.3 times better retention1

Columbia Threadneedle & RiverSource

CTI manages $65 billion RiverSource Separate Account assets

CTI manages $24 billion RiverSource General Account assets

Columbia Threadneedle & AWM

AWM distributes $145 billion of Columbia funds

CTI manages $18 billion discretionary wrap program

CTI manages $23 billion of Bank assets and $8 billion of Certificate assets

Client retention is based on 5-year period from 12/2020-12/2025

Enterprise Capabilities

Balance sheet strength and enterprise risk management capabilities

Global efficiencies from leverage points across the enterprise e.g., technology, Ameriprise India

We will continue to capture the significant Wealth Management opportunity, while maintaining strong complementary capabilities

Pretax Adjusted Operating Earnings

19%

32%

2016

$2.3B

40%

2026

$5.4B

15%

66%

28%

2026 represents trailing 12-months through March 31, 2026.

Excludes Corporate & Other segment and unlocking. Results beginning in Q1 2021 have been recast to reflect adoption of long duration targeted investments (LDTI).

Our approach delivers sustained profitable growth

One Year Performance (TTM Q1 2026 vs. TTM Q1 2025)

+8%

Revenue Growth(1)

+12%

EPS

Growth(2)

+140 bps Increase in Return on Equity, ex.

AOCI(1)

$3.6 billion Capital Returned to Shareholders

Five Year Performance (TTM Q1 2026 vs. TTM Q1 2021)

+9%

Revenue CAGR(3)

+20% EPS CAGR(3)

+1,780 bps Increase in Return on Equity, ex.

AOCI(3)

$14.0 billion Capital Returned to Shareholders

Data on a trailing 12-month basis, except 5-year capital return.

Results exclude unlocking impacts which reflect both the company's annual review of insurance and annuity valuation assumptions and model changes.

Results exclude unlocking, severance and mark-to-market impact on share-based compensation expense in both periods.

Results exclude unlocking impacts. 2020 financial results have not been recast to reflect adoption of long duration targeted investments (LDTI).

Ameriprise is #1 for total shareholder return in the S&P 500 Financials Index since spin-off in 2005

+1,756%

BEST PERFORMING

stock in the S&P 500 Financials Index

+686%

Spin-off 2005

2026

+214%

AMP S&P 500 Financials S&P Index

Data as of March 31, 2026. See appendix for source information.

Wealth Management: We serve an attractive and fast-growing market, with the client at the heart of everything we do

Our priority is to work with consumers who have a "Responsible Mindset" - they are open to and see the value in working with a financial advisor and receiving advice and recognize that comes with a fee

Our primary target is those with $500,000 to $5 million in investable assets (the "5-to-5")

We are also well-suited to serve those on both ends of this asset range, including more affluent households and the next generation of investors still building wealth ($100,000 to $500,000)

Among the estimated 20M U.S. households with $500K-$5M…

80%

This 5-5 Responsible Mindset target market encompasses:

Total households

Total assets

… also belong to the Responsible Mindset

See appendix for source information.

We provide a distinguished client and advisor experience that leads to high satisfaction and strong results

The Ameriprise Client Experience

Since 2018, the Ameriprise Client Experience has been our bold commitment to delivering a consistently exceptional experience for every client. Central to this experience are four client commitments, shaped by extensive research into what our target market values most. These commitments guide how we serve clients and set Ameriprise apart.

Financial advice for a lifetime

Personalized investments and solutions

Secure digital access

Meaningful connections

Longstanding leader in financial planning and advice

2026 Hearts & Wallets Top PerformerTM recognition in "Unbiased, puts my interests first"

4.9 out of 5 in overall client satisfaction

Our advisor network drives approximately 87%+ of firmwide revenue. We provide a strong brand to both legacy and newly recruited advisors, as well as best-in-class tools, solutions and end-to-end support and coaching to build a successful practice and serve their clients incredibly well.

Advice, Solutions and the Ameriprise Client Experience

Brand and Marketing

PracticeTech® Platform

Services, Operations and Compliance Support

Practice Management

Learning and Development

9% annual revenue per advisor growth

Approximately 9 in 10 advisors report our support and resources are better than previous firm

Data as of March 31, 2026. See appendix for source information.

Our ongoing investments have driven an industry-leading integrated technology experience for clients and advisors

Best-in-class Technology

Drives Operating Efficiencies

Strategically U d

sing Advance

Cybersecurity

Protect the Brand

Analytics

Maintain secure and compliant internal and vendor solutions

Operate reliable and resilient systems with effective/verifiable

controls

Leveraging capabilities across the enterprise while being careful to balance risk, complexity and value

Improve technology value and cost transparency

Create best-in-class

customer experiences

Build leading infrastructure/ cloud solutions

Automation and Risk Management

Over $950M

Technology investment over the past 5 years

9 out of 10

Ameriprise recruited advisors say they have better integrated technology than their prior firm

4.8/5 stars

Clients rate the Ameriprise Financial app

Accelerated underwriting

Approximately 25% of eligible clients will be approved as fast as the next day

See appendix for source information.

Ameriprise is externally recognized for our differentiated value proposition

4.9/5

in overall satisfaction and "always putting my interests first"

Clients rate Ameriprise

Ameriprise Financial earned a 2026 Top PerformerTM recognition in "Unbiased, puts my interests first"

For the seventh consecutive year recognized by

for providing "An Outstanding Customer Service Experience" for phone support for advisors and

second consecutive year

for phone support for clients

See appendix for source information.

Wealth Management has been a core driver of financial performance for the company, with continued significant growth potential

Client Assets ($B)

Adjusted Operating Net Revenue

($B)

Pretax Adjusted Operating Earnings

($M)

Pretax Adjusted Operating Margin

CAGR 10%

$1,149

$479

2016 2026

CAGR 10%

$5.1

$12.1

2016 2026

CAGR 16%

$910

$3,570

2016 2026

17.7%

+1,170

bps

29.4%

2016 2026

2026 represents trailing 12-months through 3-31-26.

35%

30%

Peer 4

25%

20%

15%

10%

5 Year Avera

0.05%

0.10%

0.15%

0.20%

0.25%

0.30%

0.35%

Client Ass

ge PTI Per

er 1

Peer 2

Peer 3

Best in class

Q1 2026 TTM Margin

Our client and advisor value proposition drive best-in-class profitability across market cycles

Data as of March 31, 2026. Peers consist of LPL Financial, Raymond James Private Client Group, Bank of America Wealth Management and Morgan Stanley Wealth Management.

Our highly differentiated Retirement and Protection Solutions business delivers significant value for Ameriprise clients, advisors, and shareholders

Top 10 VUL provider

Top 15 VA provider

Top 10 DI provider

Strong returns with a lower risk profile

$197B Life Insurance inforce and $88B in VA Account Value

100% affiliated distribution

Strategically managing

our books of business

Excellent ratings

Recognized by J.D. Power for "outstanding customer service experience"

Important solutions for our Ameriprise comprehensive advice approach

Generating significant

free cash flow

Data as of March 31, 2026. See appendix for source information.

Retirement & Protection: High quality business with attractive risk-return profile generates distinguished results

RPS generated

$7.8 billion

of pretax operating earnings since 2016

Asset accumulation and protection products are long-term client solutions offered as part of a financial plan

Focused on a single attractive channel - the Ameriprise "Responsible Mindset" client base

Sold Ameriprise Auto & Home in 2019

RiverSource paid

$9.1 billion

of dividends to Ameriprise since 2016

Reinsured fixed annuity business in 2019 & 2021

Discontinued sales of Variable Annuities with living benefit riders in 2022

Actively repositioned the investment portfolio to enhance earnings by extending duration in 2023

Improved client retention and asset persistency

Predictable free cash flow generation

Data as of March 31, 2026. Results exclude unlocking impacts which reflect the company's annual review of insurance and annuity valuation assumptions and model changes.

Amidst backdrop of overall challenging industry conditions, Columbia Threadneedle has a solid foundation to build from

$706B in Assets Under Management and Advisement

Consistent track record of strong investment performance across asset classes

Barron's Best Fund Families of 2025 - Top 10 for all periods, 1-,5- and 10-year performance

95 four- and five-star Morningstar-rated funds globally

Continued strong equity franchise, fixed income, multi-asset and alternative capabilities

Intense research focus, including Responsible Investment capabilities

Expanded brand identity, recognition, and digital presence

Strong relationships across broad range of distribution intermediaries, supplemented by important "anchor clients" that include Ameriprise and RiverSource

Significant leverage between Asset Management and its affiliates

Competitive margins and earnings

Ongoing focus on disciplined expense management

Data as of March 31, 2026. See appendix for source information.

Columbia Threadneedle is a scaled global player that is diversified across geographies, strategies and clients, and delivers competitive margins

Assets Under Management & Advisement

By Region ($B)

$465

$197

$44

$706

$126

$454

By Asset Class ($B)

$44

$42

$30

$234

$356

$706

$454

By Client Type ($B)

$368

$294

$44

$706

$454

41.3%

Adjusted Margin

$260

$194

$328

$31

$176

$240

2016

2026

2016

2026

2016

2026 2016 2026

North America

International AUA

Equity

Fixed

Retail

Institutional AUA

Alternatives

Other

AUA

35.1%

Data as of March 31, 2026. Margin for 2026 represents trailing 12-months through March 31, 2026

Disclaimer

Ameriprise Financial Inc. published this content on May 05, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 05, 2026 at 12:52 UTC.