Ameriprise Financial Reports First Quarter 2010
First quarter 2010 net income attributable to Ameriprise Financial increased 65 percent to $214 million,
or $0.81 per diluted share, up 40 percent
First quarter 2010 operating earnings increased 62 percent to $215 million, or $0.81 per diluted share,
up 35 percent
Raised quarterly dividend to $0.18, up $0.01 from the prior quarter
April 26, 2010 04:45 PM Eastern Daylight Time
MINNEAPOLIS--(EON: Enhanced Online News)--Ameriprise Financial, Inc. (NYSE: AMP):
Ameriprise Financial, Inc. (NYSE: AMP) today reported net income attributable to Ameriprise Financial of $214
million for the first quarter of 2010 compared to $130 million for the first quarter of 2009. Net income per diluted
share for the first quarter of 2010 was $0.81 compared to $0.58 a year ago.
The company has introduced new operating financial measures to provide continued transparency of the underlying
performance of the business. Operating measures exclude the impact of a new accounting standard that required the
company to consolidate client assets in certain investment entities on the Ameriprise Financial balance sheet and
income statement; as well as integration expenses and net realized gains/losses.
Operating earnings increased 62 percent to $215 million in the first quarter of 2010 compared to $133 million a year
ago. Operating earnings per diluted share were $0.81 in the first quarter of 2010, up 35 percent from $0.60 a year
ago. The increase in operating earnings was driven by higher asset-based revenues, higher income from spread
products and re-engineering benefits.
Operating net revenues were $2.1 billion in the first quarter of 2010, up 25 percent from a year ago, driven by
growth in management fees from market appreciation on assets and net inflows in wrap accounts and asset
Ameriprise Financial, Inc.
First Quarter Results
(in millions, except per share amounts, unaudited)
Per Diluted Share
2009 % Change 2010 2009 % Change