Ameriprise Financial Reports Strong Q3 2025 Performance with 7% Revenue Growth

Ameriprise Financial, Inc. reported a strong financial performance for the third quarter of 2025, with total revenues reaching $4.89 billion, a 7% increase from $4.56 billion in the same period last year. The company's net income for the quarter was $912 million, up 78% from $511 million in the prior year, resulting in diluted earnings per share of $9.33, compared to $5.00 a year earlier. The increase in revenues was driven by higher management and financial advice fees, which rose by 9% to $2.81 billion, and a 21% increase in premiums, policy, and contract charges.

In comparison to the previous fiscal period, Ameriprise saw significant changes in its financial metrics. The company's total net revenues for the nine months ended September 30, 2025, were $13.52 billion, a 6% increase from $12.76 billion in 2024. The net income for the nine-month period also increased by 10% to $2.56 billion from $2.33 billion. The company attributed these improvements to favorable market conditions, including a 15% increase in the average Weighted Equity Index, which reflects equity market movements on assets under management.

Strategically, Ameriprise has been active in share repurchases, having repurchased 3.7 million shares for $1.9 billion during the nine months ended September 30, 2025. The Board of Directors authorized a new $4.5 billion share repurchase program in April 2025, which is set to run through June 2027. Additionally, the company has focused on enhancing operational efficiency, which contributed to a decrease in general and administrative expenses by 3% year-over-year.

Operationally, Ameriprise reported a total of $1.66 trillion in assets under management, administration, and advisement as of September 30, 2025, reflecting an increase of 8% from the previous year. The Advice & Wealth Management segment saw a notable increase in wrap account assets, which rose to $650.3 billion, driven by market appreciation and net inflows. The company also reported a decrease in banking and deposit interest expenses, which fell by 37% to $102 million, primarily due to lower average crediting rates.

Looking ahead, Ameriprise remains optimistic about its growth trajectory, with management targeting adjusted operating earnings per diluted share growth of 12% to 15% and an adjusted operating return on equity of over 30%. The company continues to navigate a complex economic environment, focusing on leveraging its core capabilities to enhance shareholder value while managing market risks associated with interest rates and equity price fluctuations.