Ameriprise Financial, Inc. has reported its second quarter 2025 results, demonstrating strong financial performance. The company's adjusted operating earnings per diluted share increased by 7% to $9.11, while GAAP net income per diluted share stood at $10.73, a significant increase from $8.02 in the previous year's quarter.
The company's assets under management, administration, and advisement reached a record high of $1.6 trillion, reflecting a 9% increase. Adjusted operating net revenues increased by 4% to $4.3 billion, primarily driven by asset growth. The company also demonstrated strong expense discipline, with general and administrative expenses improving by 1%.
Return on equity, excluding accumulated other comprehensive income (AOCI), stood at 51.5%, marking a substantial increase from 48.9% in the previous year's quarter. Additionally, the company returned $731 million of capital to shareholders in the quarter, representing 81% of adjusted operating earnings.
Ameriprise Financial received industry recognition, being named one of America’s most innovative companies in 2025 by Fortune and receiving accolades for overall satisfaction, quality of advice, and trustworthy advisers in the Kiplinger 2025 Readers’ Choice Awards.
Ameriprise Financial's Advice & Wealth Management segment also demonstrated strong performance, with total client assets reaching a record high of $1.1 trillion, representing an 11% increase. The segment's adjusted operating net revenue per advisor on a trailing 12-month basis reached a new high of $1.1 million, indicating an 11% increase from enhanced productivity and market appreciation. The company added 73 experienced advisors in the quarter.
In the Asset Management segment, adjusted operating net revenues were $830 million, and pretax adjusted operating earnings increased by 2% to $222 million. Assets under management and advisement increased to $690 billion, marking a 2% year-over-year increase.
The Retirement & Protection Solutions segment reported a 9% increase in pretax adjusted operating earnings, reaching $214 million. Sales improved sequentially to $1.4 billion, driven by strong client demand for structured variable annuities.
In the Corporate & Other segment, excluding closed blocks, pretax adjusted operating loss was $100 million, representing a 19% improvement from the previous year's quarter.
Following these announcements, the company's shares moved -3.9%, and are now trading at a price of $516.01. For the full picture, make sure to review AMERIPRISE FINANCIAL INC's 8-K report.
