Ameriprise Financial : Overview

Published: 2024-11-08 09:17:45 ET AMP

Ameriprise Financial Overview

Forward-looking statements

The forward-looking statements in this presentation reflect management's expectations about future events, plans and performance. These forward-looking statements and the many assumptions upon which they are based involve risks and uncertainties. A list of factors that could cause actual results to be materially different from those expressed or implied by any of these forward-looking statements is detailed under the headings "Forward-Looking Statements" and "Risk Factors", and elsewhere, in our Annual Report on Form 10-K for the year ended December 31, 2023, and elsewhere in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. These forward-looking statements speak only as of today's date and we undertake no obligation to update publicly or revise them for any reason. For information about Ameriprise Financial, please refer to ir.ameriprise.com.

Non-GAAP Financial Measures

This presentation contains certain non-GAAP financial measures that our management feels best reflect the underlying performance of our operations. Reconciliations of such non-GAAP financial measures to the most directly comparable GAAP financial measure have been provided along with the presentation.

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

130-yearfirm with a clear client focus and a highly differentiated value proposition

Complementary business mix that has delivered strong financials and metrics across market cycles

Significant market opportunity with a large and growing need for advice and solutions in Wealth Management

Balance sheet strength provides a sound foundation and supports

strong, sustainable free cash flow

and differentiated capital return

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

Vision

To be the most respected and referred financial services brand

What we aspire to be

Corporate Mission

To help people feel confident about their financial future

Our purpose

Brand Promise

We shape financial solutions for a lifetime®

Our commitment to clients

Values

•

Client Focused

•

Integrity Always

What we can expect from each other

•

Excellence in All We Do

• Respect for Individuals and Our Communities

Ameriprise Financial - 130 years of commitment to clients and advisors

Leadership and scale

Longstanding leader in financial planning and advice

$1.5 trillion total assets under management and administration

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

26th largest global asset manager

$23 billion in assets at Ameriprise Bank, FSB

$198 billion life insurance in force

Financial strength and stability

Excellent capital position with significant liquidity and excess capital beyond business, regulatory and rating agency requirements

High-quality, AA-rated investment portfolio

Strong ratings and proven enterprise risk management

Conservative debt levels

Diversified model generates strong free cash flow

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

Track-record of never taking a bailout

$46.1 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

Data as of September 30, 2024. See appendix for source information.

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

Diverse business mix performs well across market cycles

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

Generate multiple revenue streams and strong return on assets

Significant leverage across our businesses

Maintain pristine balance sheet and generate substantial free cash flow

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

Data as of September 30, 2024. See appendix for source information.

1.Client retention is based on 5-year period from 1/2029 - 12/2023. Data as of June 30, 2024.

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

Pretax Adjusted Operating Earnings

17%

38%

2014

31%

2024

$2.6B

$4.8B 18%

65%

31%

Advice & Wealth Management

Asset Management

Retirement & Protection Solutions

2024 represents trailing 12-months through September 30, 2024.

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

Ameriprise consistently delivers strong operating performance through multiple market cycles

One Year Performance

+10%

Revenue

Growth

+14%

EPS

Growth

+110 bps

$2.6 billion

Increase in

Capital

Return on

Returned to

Equity ex.

Shareholders

AOCI

Five Year Performance

+7%

Revenue

CAGR

+16%

EPS

CAGR

+1,290 bps Increase in Return on Equity ex.

AOCI

$11.9 billion

Capital

Returned to

Shareholders

Data on a trailing 12-month basis through 9-30-24.

Results exclude unlocking impacts which reflect the company's annual review of insurance and annuity valuation assumptions and model changes. 2019 excludes financial results from Auto & Home and have not been recast to reflect adoption of long duration targeted investments (LDTI).

Ameriprise has delivered stronger earnings growth with similar volatility as peers

Pretax Operating Earnings Volatility

30%

Ameriprise

Wealth

27%Management

Peers

Asset

29%Management

Peers

Retirement &

16%Protection

Solutions Peers

Operating EPS CAGR

14%

11%

25%

Peer Composite

36%

S&P 500

Financials

10%

Data for the period of 2014 through 2024 Q3 TTM. See appendix for source information.

Disclaimer

Ameriprise Financial Inc. published this content on November 08, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 08, 2024 at 14:14:36.043.