Revenue: As of FY2025 Q4, the actual value is USD 5.047 B.EPS: As of FY2025 Q4, the actual value is USD 10.47, beating the estimate of USD 10.2433.EBIT: As of FY2025 Q4, the actual value is USD 1.372 B.<h3>Overall Company Performance</h3><h4>Earnings and Profitability</h4><ul><li>Fourth Quarter 2025 GAAP Net Income: $1,008 million, a -6% decrease from $1,071 million in Q4 2024 .</li><li>Full Year 2025 GAAP Net Income: $3,563 million, a 5% increase from $3,401 million in FY 2024 .</li><li>Fourth Quarter 2025 Adjusted Operating Earnings: $1,043 million, a 10% increase from $947 million in Q4 2024 .</li><li>Full Year 2025 Adjusted Operating Earnings: $3,858 million, a 9% increase from $3,535 million in FY 2024 .</li><li>Adjusted Operating Net Revenues: Increased 10% to $4.9 billion .</li><li>Pretax Adjusted Operating Margin: 27% .</li><li>Adjusted Operating Return on Equity (ex. AOCI): 53.2% for Q4 2025, up from 51.6% in Q4 2024 .</li><li>GAAP Return on Equity (ex. AOCI): 49.1% for Q4 2025, compared to 49.7% in Q4 2024 .</li><li>Operating Effective Tax Rate: 21.9% for the fourth quarter and 20.9% for the full year .</li></ul><h4>Assets and Capital</h4><ul><li>Assets Under Management, Administration and Advisement (AUMA): Reached a record high of $1.7 trillion, up 11% . AUMA was $1,694,151 million in Q4 2025, up 11% from $1,521,953 million in Q4 2024 .</li><li>Capital Returned to Shareholders: $1.1 billion in the fourth quarter (101% of adjusted operating earnings) and $3.4 billion for the full year (88% of adjusted operating earnings) . Total capital returned to shareholders was $1,050 million in Q4 2025, a 37% increase from $768 million in Q4 2024 .</li><li>Total Ameriprise Financial Long-Term Debt: $3,077 million as of December 31, 2025, compared to $2,842 million as of December 31, 2024 .</li><li>Total Equity: $6,549 million as of December 31, 2025, up from $5,228 million as of December 31, 2024 .</li><li>Debt to Capital Ratio: 32.0% for Q4 2025, down from 35.2% in Q4 2024 .</li><li>Cash and Cash Equivalents: $9,953 million as of December 31, 2025, compared to $8,149 million as of December 31, 2024 .</li></ul><h3>Advice &amp; Wealth Management Segment</h3><h4>Revenue and Profitability</h4><ul><li>Pretax Adjusted Operating Earnings: $926 million in Q4 2025, up 13% from $823 million in Q4 2024 .</li><li>Pretax Adjusted Operating Margin: 29.3% in Q4 2025, an increase of 30 basis points from 29.0% in Q4 2024 .</li><li>Adjusted Operating Net Revenues: Increased 12% to $3,162 million in Q4 2025 from $2,834 million in Q4 2024 .</li></ul><h4>Expenses</h4><ul><li>Adjusted Operating Expenses: Increased 11% to $2,236 million in Q4 2025 from $2,011 million in Q4 2024 .</li><li>General and Administrative Expenses: $464 million in Q4 2025, up 6% from $438 million in Q4 2024 . Full year G&amp;A expenses increased 5% .</li></ul><h4>Operational Metrics</h4><ul><li>Total Client Assets: Grew 13% to a record high of $1,165,367 million in Q4 2025 from $1,028,943 million in Q4 2024 .</li><li>Total Client Net Flows: $13,335 million in Q4 2025, an 18% increase from $11,261 million in Q4 2024 .</li><li>Wrap Assets: Increased 17% to a record high of $670,361 million in Q4 2025 from $573,881 million in Q4 2024 .</li><li>Wrap Net Inflows: $12,052 million in Q4 2025, a 9% increase from $11,073 million in Q4 2024 .</li><li>Adjusted Operating Net Revenue per Advisor (TTM): Reached $1,122 thousand, up 8% from $1,037 thousand in Q4 2024 .</li><li>Cash Sweep Balances: $29.9 billion in Q4 2025, compared to $29.8 billion in Q4 2024 . Total AWM Cash Balances were $38,913 million in Q4 2025, a -7% change from $41,647 million in Q4 2024 .</li><li>Bank Assets (On-balance sheet - bank): Grew 6% to $23,663 million in Q4 2025 from $22,307 million in Q4 2024 .</li></ul><h3>Asset Management Segment</h3><h4>Revenue and Profitability</h4><ul><li>Pretax Adjusted Operating Earnings: Increased 17% to $293 million in Q4 2025 from $251 million in Q4 2024 .</li><li>Net Pretax Adjusted Operating Margin: Improved 140 basis points to 40.4% in Q4 2025 from 39.0% in Q4 2024 .</li><li>Adjusted Operating Net Revenues: $1,039 million in Q4 2025, a 12% increase from $930 million in Q4 2024 .</li></ul><h4>Expenses</h4><ul><li>Adjusted Operating Expenses: Increased 10% to $746 million in Q4 2025 from $679 million in Q4 2024 .</li><li>General and Administrative Expenses: $476 million in Q4 2025, increased 13% from $422 million in Q4 2024 .</li></ul><h4>Operational Metrics</h4><ul><li>Assets Under Management and Advisement (AUMA): Increased 6% to $721,030 million in Q4 2025 from $680,529 million in Q4 2024 .</li><li>Total Net AUM and AUA Flows: $1,961 million in Q4 2025, a 48% increase from $1,323 million in Q4 2024 .</li><li>Retail and Model Delivery Net Inflows: $4.2 billion in Q4 2025 .</li><li>Institutional Net Outflows: Improved to -$0.9 billion in Q4 2025 from -$3.9 billion in Q4 2024 .</li><li>Outflows related to Legacy Insurance Partners: -$1.4 billion in Q4 2025, a -42% change from -$0.9 billion in Q4 2024 .</li><li>Total Managed Assets by Type (Q4 2025): Equity $370,489 million, Fixed Income $234,201 million, Money Market $23,358 million, Alternative $29,659 million, Hybrid and other $20,398 million .</li></ul><h3>Retirement &amp; Protection Solutions Segment</h3><h4>Revenue and Profitability</h4><ul><li>Pretax Adjusted Operating Earnings: $200 million in Q4 2025, a -6% decrease from $213 million in Q4 2024 .</li><li>Adjusted Operating Net Revenues: $991 million in Q4 2025, a 3% increase from $960 million in Q4 2024 .</li></ul><h4>Expenses</h4><ul><li>Adjusted Operating Expenses: $791 million in Q4 2025, a -6% change from $747 million in Q4 2024 .</li></ul><h4>Operational Metrics</h4><ul><li>Sales: Increased 6% to $1.5 billion .</li><li>Variable Annuities Total Ending Balance (contract accumulation values): $91,296 million in Q4 2025, a 6% increase from $85,747 million in Q4 2024 .</li><li>Variable Annuities Net Flows: -$1,263 million in Q4 2025, a -17% change from -$1,078 million in Q4 2024 .</li><li>Life Insurance In Force: $197,479 million in Q4 2025, stable compared to $198,123 million in Q4 2024 .</li></ul><h3>Corporate &amp; Other Segment</h3><h4>Profitability</h4><ul><li>Pretax Adjusted Operating Loss (excluding Closed Blocks): -$80 million in Q4 2025, an improvement from -$106 million in Q4 2024 .</li><li>Long Term Care Pretax Adjusted Operating Earnings: $3 million in Q4 2025, an -86% decrease from $21 million in Q4 2024 . Full year earnings were $28 million excluding unlocking .</li><li>Fixed Annuities Pretax Adjusted Operating Loss: -$7 million in Q4 2025, unchanged from -$7 million in Q4 2024 .</li></ul><h3>Outlook / Guidance</h3>阿默普莱斯金融 (Ameriprise Financial, Inc.) expects future results to be influenced by economic performance, equity market performance, and interest rate variations . The company’s forward-looking statements include plans for asset flows, client acquisition and retention, advisor productivity and recruiting, product terms and pricing, general and administrative costs, net pretax adjusted operating margin, consolidated tax rate, capital return to shareholders, and its excess capital position . The company achieved its previous guidance for full year General and Administrative expenses to increase by 5% .

Ameriprise Financial | 8-K: FY2025 Q4 Revenue: USD 5.047 B