Ameriprise Financial Q3 adjusted EPS rises 16% to $8.10; GAAP EPS falls to $5.00
Ameriprise Financial reported third-quarter 2024 results on October 23, 2024. Adjusted operating earnings per diluted share rose 17% to $9.02 excluding unlocking and severance expense, while GAAP net income per diluted share fell to $5.00 from $8.14, mainly due to market impacts on derivatives and market risk benefits. For shareholders, the GAAP decline is large, but the company also returned $713 million of capital in the quarter.
Key points
- Adjusted operating EPS was $8.10, up 16% from $6.96; excluding unlocking and severance, it was $9.02, up 17% from $7.74.
- GAAP net income was $511 million, down 41% from $872 million a year earlier.
- Total net revenues were $4.4 billion on a GAAP basis, up 12%.
- The company returned $713 million to shareholders in the quarter, including $563 million of share repurchases and $150 million of dividends.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.