Every material Form 8-K Ameriprise Financial filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On November 25, 2024, Ameriprise Financial entered into a Fifth Amended and Restated Credit Agreement, an unsecured revolving credit facility of up to $1 billion that can be increased to $1.250 billion. The agreement replaces a fourth amended and restated agreement dated June 11, 2021, and its commitments are scheduled to expire on November 23, 2029, unless extended. The filing describes routine refinancing terms, including financial covenants on interest coverage and leverage, which matter to shareholders as they define the company's borrowing capacity and conditions.
Facility: unsecured revolving credit of up to $1 billion, expandable to $1.250 billion upon certain conditions
Financial covenants: interest coverage ratio above 4.00 to 1.00; consolidated leverage ratio not to exceed 3.25 to 1.00, subject to a temporary increase after certain material acquisitions
Scheduled expiration: November 23, 2029, extendable by up to two one-year periods with lender agreement
Replaces the fourth amended and restated credit agreement entered into on June 11, 2021
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.
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.
Ameriprise reported second quarter 2024 results on July 24, 2024. Adjusted operating earnings per diluted share rose 15% to $8.53 from $7.44 a year earlier, while GAAP net income per diluted share fell 2% to $8.02, which the company attributed mainly to market impacts on derivatives and market risk benefits. Shareholders also received $693 million in capital returns during the quarter.
Adjusted operating EPS was $8.53 versus $7.44 a year ago; excluding $0.19 of severance expense, it was $8.72.
GAAP net income was $829 million versus $890 million a year ago, and GAAP EPS was $8.02 versus $8.21.
Adjusted operating net revenues rose 9%, and total net revenues were $4.22 billion versus $3.88 billion.
The company returned $693 million to shareholders, including $542 million in share repurchases.
Ameriprise Financial furnished a press release reporting first quarter 2024 results. Adjusted operating earnings per diluted share rose 16% to $8.39 from $7.25 a year earlier, and adjusted operating net revenues increased 11%. The company also announced a 10% increase in its quarterly dividend and returned $650 million to shareholders during the quarter.
Adjusted operating EPS was $8.39 versus $7.25 a year ago, up 16%; GAAP EPS was $9.46 versus $3.79, mainly from market impacts on derivatives and market risk benefits.
Adjusted operating net revenues rose 11%; total AUM and AUA reached $1.4 trillion, up 15%.
Quarterly dividend increased 10%, and the company returned $650 million to shareholders in the quarter.
Pretax adjusted operating margin was 26.3%; adjusted operating return on equity, ex AOCI, was 49.0%.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Ameriprise Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →