Ameriprise Financial, Inc. (N:AMP)
Business Focus: Investment Management & Fund Operators
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1099 Ameriprise Financial Center MINNEAPOLIS MN 55474 |
| Tel: | N/A |
| Website: | https://www.ameriprise.com |
| IR: | See website |
| Key People | ||
| James M. Cracchiolo Chairman of the Board, Chief Executive Officer | Kelli A. Hunter Petruzillo Executive Vice President - Human Resources | Walter S. Berman Chief Financial Officer, Executive Vice President |
| Gumer Alvero President - Insurance and Annuities | Joseph E. Sweeney President - Advice and Wealth Management, Products and Service Delivery | William F. Truscott Chief Executive Officer - Global Asset Management |
| William Davies Executive Vice President, Global Chief Investment Officer | Gerard P. Smyth Executive Vice President, Chief Information Officer | Heather J. Melloh Executive Vice President, General Counsel | Deirdre Davey McGraw Executive Vice President - Marketing, Corporate Communications and Community Relations |
| Business Overview |
| Ameriprise Financial, Inc. is a diversified financial services company. The Company offers a range of financial planning and advice products and services designed to achieve individual and institutional clients' financial objectives. Its segments include Advice & Wealth Management, Asset Management, and Retirement & Protection Solutions. Advice & Wealth Management segment provides financial planning and advice, as well as service brokerage services, primarily to retail clients through the Company's advisors. Asset Management segment provides investment management, advice and products to retail and institutional clients on a global scale through Columbia Threadneedle Investments brand. Retirement & Protection Solutions segment includes retirement solutions (variable annuities and payout annuities) and Protection Solutions (life and disability insurance). It offers diversified products and services through brands: Ameriprise Financial, Columbia Threadneedle Investments, and RiverSource. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ameriprise Financial, Inc. revenues increased 12% to $16.1B. Net income decreased 19% to $2.56B. Revenues reflect Advice & Wealth Management segment increase of 11% to $9.42B, Retirement & Protection Solutions segment increase of 11% to $3.48B. Net income was offset by FV Adjustments of Financial Investments increase from $311M to $798M (expense). |
| Employees: | 13,800 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $76,854M as of Dec 31, 2023 |
| Annual revenue (TTM): | $16,096M as of Dec 31, 2023 |
| EBITDA (TTM): | $5,026M as of Dec 31, 2023 |
| Net annual income (TTM): | $2,556M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3,951M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $35,512M as of Dec 31, 2023 |
| Shares outstanding: | 100,190,904 as of Feb 26, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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