Ameriprise Financial Services ( (AMP) ) has released its Q1 earnings. Here is a breakdown of the information Ameriprise Financial Services presented to its investors.
Ameriprise Financial Services, Inc. is a leading financial services company offering a wide range of services including financial planning, investment management, and insurance products, primarily operating in the financial services sector with a strong emphasis on client relationships and advice-based solutions.
In its first quarter of 2025, Ameriprise Financial reported a notable increase in adjusted operating earnings per diluted share, driven by asset growth and improved operational efficiency. The company also announced a new share repurchase program and an increase in its quarterly dividend.
Key financial highlights include a 13% increase in adjusted operating earnings per diluted share to $9.50, while GAAP net income per diluted share decreased to $5.83 due to market impacts. Assets under management, administration, and advisement grew to $1.5 trillion, with adjusted operating net revenues rising by 5%. The company also maintained strong expense discipline, resulting in a 5% improvement in general and administrative expenses.
Additionally, Ameriprise’s Advice & Wealth Management segment saw a 9% increase in adjusted operating net revenues, driven by higher client assets and increased transactional activity. The Asset Management segment experienced a 17% rise in pretax adjusted operating earnings, despite a slight decline in net revenues.
Looking ahead, Ameriprise Financial remains well-positioned with a strong balance sheet and substantial liquidity, allowing it to invest in growth opportunities and return capital to shareholders. The company’s management is optimistic about navigating market dynamics and continuing to deliver consistent financial results.