Ameriprise Financial(NYSE) AMP

Ameriprise Financial helps people plan their financial futures and manage their investments. It provides tools for retirement planning and offers insurance to protect against life changes. The company serves both individual families and large institutions around the world.

The Product Menu

• Advice & Wealth Management: Financial planning and brokerage services for retail clients; generated $3.2 billion in net revenues for the three months ended June 30, 2026.
• Asset Management: Investment products and advice for retail and institutional clients through Columbia Threadneedle; generated $947 million in net revenues for the three months ended June 30, 2026.
• Retirement & Protection Solutions: Annuities and life insurance products designed to help clients manage retirement income and risks; generated $975 million in net revenues for the three months ended June 30, 2026.
• Corporate & Other: Management of closed business blocks and corporate assets; generated $114 million in net revenues for the three months ended June 30, 2026.

Strategic Moves and Growth

• Ended its partnership with Comerica Bank, resulting in a $28 million benefit for the six months ended June 30, 2026.
• Reduced its exposure to riskier insurance products by shifting away from variable annuities with living benefit riders.
• Expanded Ameriprise Bank deposits to $23.9 billion as of June 30, 2026, representing a 6% increase from the prior year.
• Invested in cloud-based technology to improve operational efficiency and support long-term business growth.

What Makes Ameriprise Different

The company maintains a strong competitive position through its large network of financial advisors and high-performing investment funds. As of June 30, 2026, 74% of its retail equity funds ranked in the top two quartiles for one-year performance. This performance, combined with a focus on fee-based advisory accounts, helps the company maintain steady revenue even during market volatility.

The Financial Scoreboard

• Total net revenues reached $4.9 billion for the three months ended June 30, 2026, up 13% year over year.
• Net income was $1.1 billion for the three months ended June 30, 2026, compared to $1.06 billion in the prior year period.
• Total assets under management and administration reached $1.8 trillion as of June 30, 2026, a 14% increase from a year ago.
• Pretax income grew to $1.4 billion for the three months ended June 30, 2026, up 7% year over year.
• The company repurchased 3.3 million shares of its common stock at an average price of $470.84 during the first half of 2026.

Bottom Line

Ameriprise has successfully transitioned from a diversified insurer into a premier wealth and asset manager. By focusing on advice-driven relationships and reducing its exposure to complex insurance guarantees, the company has created a more stable and fee-focused business model.