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Ameriprise ● ● ● ● Financial Ameriprise Financial Reports Third Quarter 2021 Results Earnings Per Diluted Share Q3 2021 GAAP $ 8.65 Adjusted Operating $ 5.86 Adjusted Operating Ex . Unlocking ( 2 ) $ 5.91 Third quarter adjusted operating earnings per diluted share excluding unlocking was $ 5.91 , up 38 percent from last year due to strong organic growth and market appreciation . GAAP Adjusted Operating Adjusted Operating Ex . Unlocking ( 2 ) Return on Equity , ex AOCI ( ¹ ) Third quarter GAAP net income per diluted share was $ 8.65 , compared to a loss of $ 1.14 in the prior year period , driven by the fixed annuity reinsurance transaction that closed in the quarter and market impacts . The company continues to generate strong organic growth , with approximately $ 14 billion of net inflows from Advice & Wealth Management and Asset Management , up substantially from a year ago . Adjusted operating net revenue was $ 3.5 billion , an 18 percent increase from strong organic growth in Wealth and Asset Management and market appreciation . Ameriprise generated strong profitability with pretax adjusted operating earnings excluding unlocking up 28 percent to $ 858 million , driven by 44 percent growth in Wealth and Asset Management . These businesses represented 80 percent of Ameriprise operating earnings in the quarter . Ameriprise Financial , Inc. Minneapolis , MN NYSE : AMP October 26 , 2021 Assets under management and administration was $ 1.2 trillion , up 21 percent from strong client flows in Wealth and Asset Management , as well as market appreciation . The company generated considerable free cash and returned $ 666 million of capital to shareholders in the quarter , which was 95 percent of adjusted operating earnings . Excess capital was strong at $ 2.7 billion with a strong adjusted operating return on equity excluding unlocking of 47.9 percent . Q3 2021 41.7 % 47.8 % 47.9 % Perspective from Jim Cracchiolo , Chairman and Chief Executive Officer " Ameriprise achieved another record quarter for client assets , revenue and earnings . We are executing our strategy well , driving organic growth and generating substantial shareholder value across market cycles . " Consistent with our plans , our growth businesses of wealth and asset management delivered 80 percent of our adjusted operating earnings for the quarter . At the same time , our retirement and protection business is differentiated and generates significant free cash flow and earnings . " 2021 is proving to be a very strong year for Ameriprise . We are focused on maintaining our business momentum and strong performance through the remainder of the year into 2022. " ( 1 ) Return on equity excluding AOCI is calculated on a trailing 12 - month basis . ( 2 ) Unlocking impacts reflect the company's annual review of insurance and annuity valuation assumptions and model changes , and the Long Term Care ( LTC ) gross premium valuation . 1