NYSE$AMP

Ameriprise Financial Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Ameriprise delivered strong Q4 2022 results driven by wealth management growth and effective capital management.

Ameriprise Financial reported strong fourth-quarter results, with adjusted operating earnings per diluted share up 13 percent year-over-year. The Advice and Wealth Management segment achieved a record margin of 30 percent, driven by significant organic growth. Despite challenges in Asset Management due to market depreciation, the company maintained a strong capital return to shareholders, demonstrating its financial strength and diversification.

  • Adjusted operating EPS increased by 13% year-over-year, driven by solid business performance and capital return to shareholders.
  • Advice & Wealth Management margin reached a record high of 30% due to excellent growth in the Wealth Management business.
  • Total client flows in Advice & Wealth Management were $12.4 billion for the quarter and $42.5 billion for the year, reaching record highs.
  • The company returned $610 million of capital to shareholders during the quarter and $2.4 billion for the full year.

Headline financials

Total Revenue

$3.62B

Previous: $3.76B-3.8%
EPS (adj)

$6.94

Previous: $6.15+12.8%
Total AUM, Administration & Advisement

$1.18T

Previous: $1.4T-15.8%
AWM AUM

$409B

Previous: $461B-11.3%
Net Income

$494M

Previous: $701M-29.5%
Operating Income

$619M

Previous: $866M-28.5%
Gross Profit

$1.73B

Previous: $1.95B-11.2%
Cash & Equivalents

$8.76B

Previous: $9.57B-8.5%
Total Assets

$159B

Previous: $178B-10.6%
Stock-Based Comp

$43M

Previous: $28M+53.6%

Revenue & EPS history

Ameriprise · Revenue · Quarterly

$3.62B

Q4 2022-3.8%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Ameriprise · $3.83B total across 3 segments · Q4 2022

  • Advice & Wealth Management
    $2.23B+5.3%
  • Retirement & Protection Solutions
    $816M+0.1%
  • Asset Management
    $785M-25.9%

Forward guidance

Ameriprise is well-positioned to build on its momentum in 2023.

Tailwinds

  • Strong growth across cash offerings, including at the bank.
  • Retirement and Protection Solutions business benefited from increased spread revenue.
  • Focus on executing strategic priorities, including the integration of the BMO EMEA business.
  • Capital management is a differentiator for Ameriprise.
  • Company consistently generates significant free cash flow across its business that we reinvest in the business and return to shareholders.

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 Q4 2022

Historical avgQ4 2022

+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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