NYSE$AMP

Ameriprise Financial Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Ameriprise achieved a record quarter driven by organic growth and market appreciation.

Ameriprise Financial reported strong third-quarter results with record client assets, revenue, and earnings. Adjusted operating earnings per diluted share excluding unlocking was $5.91, up 38% year-over-year. The company saw substantial net inflows from Advice & Wealth Management and Asset Management, contributing to an 18% increase in adjusted operating net revenue to $3.5 billion. Ameriprise generated considerable free cash and returned $666 million of capital to shareholders.

  • Adjusted operating earnings per diluted share excluding unlocking was $5.91, up 38 percent from last year.
  • GAAP net income per diluted share was $8.65, compared to a loss of $1.14 in the prior year period, driven by the fixed annuity reinsurance transaction.
  • Approximately $14 billion of net inflows from Advice & Wealth Management and Asset Management, up substantially from a year ago.
  • Assets under management and administration was $1.2 trillion, up 21 percent from strong client flows in Wealth and Asset Management, as well as market appreciation.

Headline financials

Total Revenue

$2.91B

Previous: $3.01B-3.6%
EPS (adj)

$5.91

Previous: $4.27+38.4%
Total AUM, Administration & Advisement

$1.21T

Previous: $1T+20.6%
Free Cash Flow

$1.03B

Previous: -$140M+836.4%
Net Income

$1.03B

Previous: -$140M+836.4%
Operating Income

$1.47B

Previous: $843M+73.9%
Gross Profit

$2.36B

Previous: $1.65B+42.4%
Cash & Equivalents

$9.55B

Previous: $10.2B-6.5%
Total Assets

$171B

Previous: $159B+7.6%
Stock-Based Comp

$50M

Previous: $35M+42.9%

Revenue & EPS history

Ameriprise · Revenue · Quarterly

$2.91B

Q3 2021-3.6%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Ameriprise · $3.8B total across 3 segments · Q3 2021

  • Advice & Wealth Management
    $2.05B+22.9%
  • Asset Management
    $915M+23.8%
  • Retirement & Protection Solutions
    $834M+6.8%

Forward guidance

Ameriprise is focused on maintaining its business momentum and strong performance through the remainder of the year into 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.5%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+3.4%

Avg return

30 days after

53%

39 / 73 earnings

Positive

+9.9%

Q1 2020

Best reaction

-8.0%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%+3.4%-1.5%
Q4 2025+4.3%+1.5%-3.3%
Q3 2025-0.3%+1.1%+0.4%
Q2 2025-2.1%-1.6%-3.2%
Q1 2025+0.5%-0.0%+6.9%
Q4 2024-4.2%-6.1%-6.0%
Q3 2024-3.0%-1.2%+10.1%
Q2 2024+4.8%+2.5%+4.3%
Q1 2024-2.2%-1.7%+5.0%
Q4 2023+0.9%+1.4%+5.0%
Q3 2023+0.9%+0.7%+12.1%
Q2 2023-1.7%-1.8%-5.8%
Q1 2023-7.7%-2.9%-6.7%
Q4 2022+1.9%+0.7%-0.4%
Q3 2022+7.7%+14.9%+22.4%
Q2 2022+4.3%+9.7%+15.3%
Q1 2022-5.5%-5.2%-5.3%
Q4 2021+1.7%+1.9%+1.4%
Q3 2021-0.6%+1.4%+1.5%
Q2 2021+0.3%+3.5%+9.6%
Q1 2021+3.0%+3.7%+2.6%
Q4 2020-2.2%-4.9%+4.7%
Q3 2020-0.8%+1.3%+17.5%
Q2 2020-1.3%+1.1%+3.1%
Q1 2020+9.9%+11.9%+40.5%
Q4 2019+3.3%+1.4%-14.4%
Q3 2019+5.0%+7.3%+12.2%
Q2 2019-1.4%+0.4%-16.5%
Q1 2019+0.1%+2.0%+1.1%
Q4 2018+4.3%+4.7%+8.9%
Q3 2018-7.9%-8.4%-7.2%
Q2 2018+1.6%+4.0%-2.8%
Q1 2018-0.7%-1.4%-1.1%
Q4 2017-2.9%-0.5%-10.1%
Q3 2017+1.9%+4.2%+3.5%
Q2 2017+5.2%+5.0%+0.6%
Q1 2017+1.9%-0.5%-5.2%
Q4 2016+5.0%+9.9%+18.5%
Q3 2016-8.0%-8.9%+16.0%
Q2 2016-0.8%-0.5%+1.2%
Q1 2016-2.1%
Q4 2015-5.9%
Q3 2015+1.6%
Q2 2015-1.1%
Q1 2015-2.4%
Q4 2014-0.6%
Q3 2014+4.4%
Q2 2014+1.6%
Q1 2014+5.8%
Q4 2013+1.9%
Q3 2013+1.9%
Q2 2013+1.1%
Q1 2013+2.0%
Q4 2012-1.6%
Q3 2012+3.3%
Q2 2012+4.7%
Q1 2012-1.9%
Q4 2011-0.5%
Q3 2011+4.5%
Q2 2011-0.4%
Q1 2011+1.8%
Q4 2007-1.2%
Q4 2010-1.2%
Q3 2010+1.3%
Q2 2010+1.4%
Q1 2009-4.2%
Q1 2010+2.0%
Q4 2009+1.0%
Q3 2008+5.1%
Q3 2009+5.1%
Q2 2008-1.1%
Q2 2009-1.1%
Q4 2008-1.1%

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