Earnings Releases·Oct 29, 2026, 8:17 AM ET

Ameriprise Financial — Third Quarter 2026 Earnings Summary

GAAP net income rose 23% to $1.126 billion ($12.32/share), while adjusted operating earnings increased 7% to $1.029 billion ($11.26/share), driven by 10% growth in adjusted operating net revenues to $5.1 billion.
The company returned over $1.0 billion to shareholders (93% of operating earnings), including $871 million in share repurchases, and announced a new $5.5 billion share repurchase authorization through September 30, 2028.
Full-year 2026 operating effective tax rate guidance remains 20% to 22%, with approximately $32 billion of Huntington assets expected to transition to the platform by mid-2027.
Advice & Wealth Management saw total client assets grow 8% to $1.231 trillion, while the Asset Management segment reported $9.3 billion in net outflows despite 9% revenue growth and a 45.7% pretax adjusted operating margin.
Retirement & Protection Solutions revenues declined 10% to $997 million, though sales increased 24% to $1.8 billion, driven by structured variable annuities and variable universal life insurance.