Ameriprise posts Q2 2026 adjusted EPS $11.07, GAAP EPS $11.98; AUA/AUM/AUM record $1.812T

Ameriprise reported strong second-quarter 2026 results with GAAP net income of $1,113 million (GAAP diluted EPS $11.98) and adjusted operating earnings of $1,028 million (adjusted diluted EPS $11.07). Total assets under management, administration and advisement reached a record $1.813 trillion, up 14% year-over-year. The company returned $932 million of capital to shareholders in the quarter and reported a pretax adjusted operating margin of 27% with adjusted operating return on equity ex-AOCI of 55.0% (trailing 12 months).

Financial Highlights

• Total revenues (GAAP) for Q2 2026: $5,013 million; total net revenues: $4,940 million.
• GAAP net income Q2 2026: $1,113 million; GAAP earnings per diluted share: $11.98 (Q2 2025: $10.73).
• Adjusted operating earnings Q2 2026: $1,028 million; adjusted operating earnings per diluted share: $11.07 (up 22% YoY).
• Pretax adjusted operating margin (consolidated): 27.2% (pretax adjusted operating earnings $1,334 million on adjusted operating total net revenues $4,899 million for quarter reconciliation).
• Capital returned to shareholders in Q2 2026: $932 million (dividends $158 million; share repurchases $774 million).

Business Highlights

• Total assets under management, administration and advisement reached $1,812.6 billion (up 14% YoY); Advice & Wealth Management AUM $727.7 billion and Asset Management AUM $714.8 billion.
• Advice & Wealth Management: adjusted operating net revenues $3,246 million, pretax adjusted operating earnings $939 million with a 28.9% pretax adjusted operating margin; adjusted operating net revenue per advisor (TTM) $1.203 million (up 12%).
• Asset Management: adjusted operating net revenues $947 million and pretax adjusted operating earnings $274 million (up 23% YoY); assets under management and advisement $759.4 billion (up 10%).
• Retirement & Protection Solutions: adjusted operating net revenues $975 million; pretax adjusted operating earnings $202 million; sales increased 20% to $1.6 billion driven by structured variable annuities, variable annuities without living benefit riders and variable universal life insurance.
• Operational momentum: strong advisor productivity and net inflows in wrap accounts (wrap assets $731.5 billion; wrap net flows $6.935 billion in the quarter) and continued investments in advisor technology and AI capabilities.

Original SEC Filing:

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