Ameriprise (AMP) Q3 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 14, 2026 astatine 11:33 AM CDT 39 min read

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Thursday, October 30, 2025 astatine 9 a.m. ET

• Chairman and Chief Executive Officer — James M. Cracchiolo

• Chief Financial Officer — Walter S. Berman

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On Slide 3, you spot our GAAP fiscal results astatine the apical of the leafage for the 3rd quarter. Below that, you'll spot our adjusted operating results, followed by operating results excluding unlocking, which absorption believes enhances the knowing of our concern by reflecting the underlying show of our halfway operations and facilitates a much meaningful inclination analysis. We completed our yearly unlocking successful the 3rd quarter. Many of the comments that absorption makes connected today's telephone volition absorption connected adjusted operating results and adjusted operating results excluding unlocking. And with that, I'll crook it implicit to Jim.

Jim Cracchiolo: Good morning, everyone, and acknowledgment for joining our call. I'll statesman with my position connected the business, and Walter volition travel with much item connected our 3rd 4th metrics and financials. As you saw successful our release, Ameriprise delivered different beardown 4th and generated important worth arsenic we built connected our show from the archetypal fractional of the year. Regarding the operating environment, clearly, it remains fluid. We've continued to spot beardown bull markets, but investors inactive person galore variables to navigate. Inflation remains elevated. In presumption of involvement rates, the Fed announced yesterday that they chopped rates by different 0.25 point.

Meanwhile, determination are signs of softening successful the labour marketplace on with lingering questions astir tariffs and ongoing geopolitical impacts. And our concern continues to show some its relevance and resilience successful that regard. In a dynamic landscape, Ameriprise consistently generates beardown results driven by a diversified concern and disciplined management. And our 3rd 4th financials, excluding unlocking, bespeak this momentum. Assets nether management, medication and advisement grew to a caller precocious of $1.7 trillion, up 8% year-over-year. We proceed to present beardown net and besides generated double-digit EPS growth, up 12%. And our firm-wide borderline of 27% is exceptionally beardown arsenic we proceed to put importantly successful the business.

I would besides item that the Ameriprise ROE is best-in-class twelvemonth aft twelvemonth and 1 of the highest successful fiscal services astatine astir 53%. In fact, Ameriprise is well-positioned adjacent if the situation becomes much challenging. Our complementary premix of gross streams, effectual disbursal absorption and beardown margins assistance alteration america to prolong beardown fiscal performance. Regarding the wide business, we're driving bully advancement crossed galore areas. Our advisers are leveraging our proven proposal worth proposition and generating precocious lawsuit worth restitution and signifier growth. Overall, we person continued beardown AWM lawsuit plus growth, up 11%. Wrap assets were besides up nicely, up 14% year-over-year.