Ameriprise Financial, Inc. reported its fourth-quarter and full-year 2024 financial results on January 29, 2025, delivering a record year. Fourth-quarter adjusted operating earnings per diluted share were $9.36, exceeding the average analyst estimate of $8.94. Total adjusted operating net revenues for the quarter were $4.46 billion, surpassing forecasts.
For the full year 2024, Ameriprise reported a profit of $3.4 billion, or $33.05 per share, on revenue of $17.08 billion. The company's assets under management and administration reached $1.52 trillion in the fourth quarter, representing a 10% increase from the previous year.
The Advice & Wealth Management segment delivered strong organic growth, with pretax adjusted operating earnings up 18% to $823 million. Asset Management adjusted operating net revenues grew 10% to $930 million, and total net inflows improved by $6.2 billion to $1.3 billion. Retirement & Protection Solutions sales increased 13% to $1.4 billion, fueled by client demand for structured variable annuities and variable universal life products. The Board also declared a quarterly cash dividend of $1.48 per common share, payable on February 28, 2025.
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