Ameriprise Financial, Inc. reported its financial results for the third quarter of 2026, filing an -K on October 29, 2026. The company reported GAAP net income per diluted share of $12.32 for the quarter, up from $9.33 in the prior year. Adjusted operating earnings per diluted share increased 14 percent to $11.26, while adjusted operating earnings per diluted share, excluding unlocking, increased 22 percent to $12.07.
Assets under management, administration, and advisement grew to $1.8 trillion, an increase of 8 percent. Adjusted operating net revenues increased 10 percent to $5.1 billion. The company generated significant capital, returning over $1.0 billion to shareholders in the quarter, representing 93 percent of operating earnings. Additionally, Ameriprise announced a new share repurchase authorization of $5.5 billion through September 30, 2028.
On a segment basis, the Advice & Wealth Management segment reported adjusted operating net revenues of $3.371 billion, up 13 percent. Total client assets in this segment were $1.231 trillion, up 8 percent. The Asset Management segment reported adjusted operating net revenues of $990 million, up 9 percent, with pretax adjusted operating earnings of $308 million. The Retirement & Protection Solutions segment reported adjusted operating net revenues of $997 million, a decrease of 10 percent year-over-year.
