Ameriprise Financial, Inc. · NYSE:AMP
Ameriprise Financial — Investor Presentation (2026)
32 slides from Ameriprise Financial's investor presentation, 2026
Slide 1: Ameriprise Financial Overview
Ameriprise Financial Overview © 2026 Ameriprise Financial, Inc. All rights reserved.
Slide 2: Forward-looking statements
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 cou
Slide 3: Ameriprise Financial – a strong, successful company continually innovating
Ameriprise Financial – a strong, successful company continually innovating to serve clients’ needs exceptionally well More than 130-year firm with a Significant market opportunity with clear client focus and a highly a large and growing need for advice differentiated value proposition and solutions
Slide 4: Our vision, mission, brand promise, and values guide our company
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 futur
Slide 5: More than 130 years of commitment to clients and advisors
More than 130 years of commitment to clients and advisors Leadership and scale Financial strength and stability A longstanding leader in financial planning and advice in the U.S. Excellent capital position with $2.3 billion of excess capital above business, regulatory and rating agency requirements
Slide 6: Our business mix provides important benefits over market cycles
Our business mix provides important benefits over market cycles with significant leverage points across the firm © 2026 Ameriprise Financial, Inc. All rights reserved. 6
Slide 7: Our integrated model leverages key business linkages
Our integrated model leverages key business linkages to drive growth and consistency across market cycles 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 River
Slide 8: We will continue to capture the significant Wealth Management opportunity
We will continue to capture the significant Wealth Management opportunity, while maintaining strong complementary capabilities Pretax Adjusted Operating Earnings 19% 32% 2016 40% 2026 $2.3B $5.4B 15% 66% 28% Advice & Wealth Management Asset Management Retirement & Protection Solutions 2026 represent
Slide 9: Our approach delivers sustained profitable growth
Our approach delivers sustained profitable growth One Year Performance (TTM Q1 2026 vs. TTM Q1 2025) +140 bps $3.6 billion +8% +12% Increase in Capital Revenue EPS Return on Returned to Growth (1) Growth (2) Equity, ex. Shareholders AOCI (1) Five Year Performance (TTM Q1 2026 vs. TTM Q1 2021) +1,780
Slide 10: Ameriprise is #1 for total shareholder return in the S&P Financials Index
Ameriprise is #1 for total shareholder return in the S&P 500 Financials Index since spin-off in 2005 +1,756% #1 BEST PERFORMING stock in the S&P 500 Financials Index +686% +214% Spin-off 2026 2005 AMP S&P 500 Financials S&P Index Data as of March 31, 2026. See appendix for source information. © 2026
Slide 11: Wealth Management: We serve an attractive and fast-growing market
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 th
Slide 12: We provide a distinguished client and advisor experience
We provide a distinguished client and advisor experience that leads to high satisfaction and strong results The Ameriprise Client Experience NET NET Since 2018, the Ameriprise Client Experience has been our Our advisor network drives approximately 87%+ of firmwide FLOW FLOWS bold commitment to deliv
Slide 13: Our ongoing investments have driven an industry-leading integrated technology experience
Our ongoing investments have driven an industry-leading integrated technology experience for clients and advisors Strategically Best-in-class Drives Operating Using Advanced Cybersecurity Protect the Brand Technology Efficiencies Analytics Create best-in-class Leveraging capabilities customer experi
Slide 14: Ameriprise is externally recognized for our differentiated value proposition
Ameriprise is externally recognized for our differentiated value proposition For the seventh Clients rate Ameriprise consecutive year 4.9/5 recognized by for providing “An Outstanding Customer Service Experience” for phone support for advisors and in overall satisfaction and second consecutive year
Slide 15: Wealth Management has been a core driver of financial performance
Wealth Management has been a core driver of financial performance for the company, with continued significant growth potential Client Assets Adjusted Operating Pretax Adjusted Operating Pretax Adjusted ($B) Net Revenue Earnings Operating Margin ($B) ($M) CAGR CAGR +1,170 CAGR 16% 10% 10% bps 29.4% $
Slide 16: Our client and advisor value proposition drive best-in-class profitability
Our client and advisor value proposition drive best-in-class profitability across market cycles 35% Best in class 30% Peer 4 Q1 2026 TTM Margin Peer 3 25% 20% Peer 2 15% 10% Peer 1 5% 5 Year Average PTI Per Client Asset —% 0% —% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35% Data as of March 31, 2026. Pe
Slide 17: Our highly differentiated Retirement and Protection Solutions business
Our highly differentiated Retirement and Protection Solutions business delivers significant value for Ameriprise clients, advisors, and shareholders Top 10 VUL provider $197B Life Insurance Top 15 VA provider Strong returns with a inforce and $88B in VA lower risk profile Top 10 DI provider Account
Slide 18: Retirement & Protection: High quality business with attractive risk-return profile
Retirement & Protection: High quality business with attractive risk-return profile generates distinguished results • High-quality book of business built over many years • Asset accumulation and protection products are long-term client solutions offered as part of a financial plan • Focused on a sing
Slide 19: Columbia Threadneedle has a solid foundation to build from
Amidst backdrop of overall challenging industry conditions, Columbia Threadneedle has a solid foundation to build from • $706B in Assets Under Management and Advisement • Top 15 long-term mutual funds in the U.S. • Top 10 player in model delivery in the U.S. • Consistent track record of strong inves
Slide 20: Columbia Threadneedle is a scaled global player
Columbia Threadneedle is a scaled global player that is diversified across geographies, strategies and clients, and delivers competitive margins Assets Under Management & Advisement By Region By Asset Class By Client Type Adjusted ($B) ($B) ($B) Margin $706 $706 $706 $44 $44 $44 $42 $30 $197 41.3% $
Slide 21: Strong financial performance results in differentiated capital return to shareholders
Strong financial performance across our businesses results in a differentiated and consistent capital return to shareholders Returned $24 billion to shareholders over the past 10 years, ~90% free cash flow generation which was ~90% of operating earnings 90th percentile among S&P 500 Financials $2.3B
Slide 22: Maintain our strong culture and excellent reputation as a trusted partner
Maintain our strong culture and excellent reputation as a trusted partner with our clients, our advisors, our vendors, our regulators, and our employees Deliver compelling and differentiated value propositions in each of our businesses to meet and exceed client needs, while continuing our mix shift
Slide 23: Appendix
Appendix © 2026 Ameriprise Financial, Inc. All rights reserved. 23
Slide 24: Disclosures
Disclosures Slide 5: 25th largest global asset manager -- Pensions & Investments/Thinking Ahead Institute World 500: World’s largest money managers. Data as of Dec. 31, 2024. Market capitalization – S&P CapIQ. #1 in total shareholder return within the S&P 500 Financials Index since spin-off – Bloomb
Slide 25: Disclosures
Disclosures Slide 14: Clients rate Ameriprise 4.9 out of 5 in “always putting my interests first” -- Ameriprise created the Client Experience Survey to give clients an opportunity to rate their satisfaction with their assigned financial advisor or advisor team using a scale of 1 to 5. Clients of fin
Slide 26: Disclosures
Disclosures Slide 17: Top 10 VUL insurance provider – LIMRA ANNUALIZED=Planned Recurring + 10% Single Premium – LIMRA’s 2025 U.S. Retail Individual Life Insurance Sales By Channel and 4Q25 U.S. IDI Participant report - Q4 2025 Top 15 VA provider – LIMRA / LOMA US Individual Annuity Industry Sales Re
Slide 27: Reconciliation Tables
Reconciliation Tables Mix Shift Full Year TTM (in millions, unaudited) 2016 1 Qtr 2026 Advice & Wealth Management pretax adjusted operating earnings $ 910 $ 3,570 Less: Unlocking — — Pretax adjusted operating earnings, excluding unlocking $ 910 $ 3,570 Asset Management pretax adjusted operating earn
Slide 28: Reconciliation Tables
Reconciliation Tables Adjusted Operating Earnings per Diluted Share Per Diluted Share Trailing Trailing Twelve Months Twelve Months ending ending March 31, March 31, (in millions, except per share amounts, unaudited) 2026 2025 CAGR 2026 2025 CAGR Total net revenues $ 18,938 $ 17,472 8% Adjustments:
Slide 29: Reconciliation Tables
Reconciliation Tables Adjusted Operating Return on Equity Twelve Months Ended March 31, (in millions, unaudited) 2026 2025 2021 Net income $ 3,895 $ 2,994 $ 933 Less: Adjustments (1) (77) (613) (793) Adjusted operating earnings 3,972 3,607 1,726 Less: Annual unlocking (2) (5) (74) (349) Adjusted ope
Slide 30: Reconciliation Tables
Reconciliation Tables Adjusted Operating Earnings per Diluted Share Per Diluted Share Trailing Trailing Twelve Months Twelve Months ending ending March 31, March 31, (in millions, except per share amounts, unaudited) 2026 2021 CAGR 2026 2021 CAGR Total net revenues $ 18,938 $ 12,239 Adjustments: Net
Slide 31: Reconciliation Tables
Reconciliation Tables Advice & Wealth Management Net Pretax Adjusted Operating Margin Full Year TTM (in millions, unaudited) 2016 1 Qtr 2026 Adjusted operating net revenues $ 5,144 $ 12,134 Pretax adjusted operating earnings $ 910 $ 3,570 Pretax adjusted operating margin 17.7 % 29.4 % © 2026 Ameripr
Slide 32: Reconciliation Tables
Reconciliation Tables Asset Management Net Pretax Adjusted Operating Margin Full Year TTM (in millions, unaudited) 2016 1 Qtr 2026 Adjusted operating net revenues $ 2,960 $ 3,685 Less: Distribution pass through revenues 815 806 Less: Subadvisory and other pass through revenues 354 420 Net adjusted o