Ameriprise Financial (AMP) investor relations material

Executive summary

• Adjusted operating EPS rose 22% to $11.07, with adjusted operating earnings up 14% to $1.028 billion and revenues up 13% to $4.9 billion, driven by strong asset growth and advisor engagement.

• Assets under management, administration, and advisement reached a record $1.8 trillion, up 14% year-over-year.

• Advisor productivity hit a record $1.2 million, up 12% year-over-year.

• Return on equity excluding AOCI reached 55%, up from 51.5% a year ago.

• The firm continues to invest in technology, AI, and new product solutions, and was recognized by Fortune and TIME for innovation and workplace excellence.

Financial highlights

• Adjusted operating net revenues increased 13% to $4.9 billion; adjusted operating earnings rose 14% to $1.028 billion.

• Adjusted operating EPS increased 22% to $11.07; GAAP diluted EPS rose 12% to $11.98.

• Return on equity excluding AOCI reached 55% (adjusted operating); pretax adjusted operating margin was 27%.

• Returned $932 million to shareholders in Q2 2026, representing 91% of operating earnings.

• Assets under management and advisement increased 10% to $759 billion.

Outlook and guidance

• General and administrative expenses expected to increase in the mid-single-digit range for the full year; Asset Management G&A expected to be flat, excluding Seligman and performance fee compensation.

• Outflows related to Comerica will culminate in September, with Huntington Bank onboarding in Q4, bringing $28 billion in assets.

• Continued investment in technology, AI, and advisor support to sustain growth and productivity.

• Operating effective tax rate expected to be 20–22% for full year 2026.

• Sustained profitable growth is expected, supported by strong fundamentals and diversified cash flow streams.