Slides
Page 1
Ameriprise Financial Overview © 2026 Ameriprise Financial , Inc. All rights reserved . Ameriprise Financial Ⓡ
Page 2
2© 2026 Ameriprise Financial, Inc. All rights reserved. Forward-looking statements The forward-looking statements in this presentation reflect management’s expectations about future events, plans and performance. These forward-looking statements and the many assumptions upon which they are based involve risks and uncertainties. A list of factors that could cause actual results to be materially different from those expressed or implied by any of these forward-looking statements is detailed under the headings “Forward-Looking Statements” and “Risk Factors”, and elsewhere, in our Annual Report on Form 10-K for the year ended December 31, 2025. These forward-looking statements speak only as of today’s date and we undertake no obligation to update publicly or revise them for any reason. For information about Ameriprise Financial, please refer to ir.ameriprise.com. Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures that our management feels best reflect the underlying performance of our operations. Reconciliations of such non-GAAP financial measures to the most directly comparable GAAP financial measure have been provided along with the presentation.
Page 3
Ameriprise Financial – a strong, successful company continually innovating to serve clients’ needs exceptionally well 3© 2026 Ameriprise Financial, Inc. All rights reserved. More than 130-year firm with a clear client focus and a highly differentiated value proposition Significant market opportunity with a large and growing need for advice and solutions in Wealth Management Complementary business mix that has delivered strong financials and metrics across market cycles Balance sheet strength provides a sound foundation and supports strong, sustainable free cash flow and differentiated capital return
Page 4
4© 2026 Ameriprise Financial, Inc. All rights reserved. Our vision, mission, brand promise, and values guide our company, resulting in strong client relationships and excellent satisfaction Vision What we aspire to be To be the most respected and referred financial services brand Corporate Mission Our purpose To help people feel confident about their financial future Brand Promise Our commitment to clients We shape financial solutions for a lifetime® Values What we can expect from each other • Client Focused • Integrity Always • Excellence in All We Do • Respect for Individuals and Our Communities
Page 5
5© 2026 Ameriprise Financial, Inc. All rights reserved. More than 130 years of commitment to clients and advisors Data as of June 30, 2026. See appendix for source information. Leadership and scale A longstanding leader in financial planning and advice in the U.S. $1.8 trillion total assets under management, administration and advisement Over 10,000 branded advisors in the U.S. 25th largest global asset manager $25 billion in assets at Ameriprise Bank, FSB $197 billion life insurance in force Financial strength and stability Excellent capital position with $2.1 billion of excess capital above business, regulatory and rating agency requirements $2.8 billion of available liquidity High-quality, AA- rated investment portfolio Strong ratings and proven enterprise risk management Conservative debt level with Debt/EBITDA below 1x Diversified model generates strong free cash flow of ~90% Financial strength to manage volatile market environments while continuing to invest in the business Track record of never taking a bailout $41.2 billion market cap — up from $8.8B at spin off #1 in total shareholder return within the S&P 500 Financials Index since spin off
Page 6
Our business mix provides important benefits over market cycles with significant leverage points across the firm 6© 2026 Ameriprise Financial, Inc. All rights reserved.
Page 7
Our integrated model leverages key business linkages to drive growth and consistency across market cycles Columbia Threadneedle & AWM • AWM distributes $156 billion of Columbia Threadneedle funds ◦ Columbia Threadneedle manages $20 billion discretionary wrap program(2) • Columbia Threadneedle manages $23 billion of Bank assets and $8 billion of Certificate assets Columbia Threadneedle & RiverSource • Manages $69 billion RiverSource Separate Account assets • Manages $30 billion RiverSource General Account assets AWM & RiverSource • AWM is sole distributor of RiverSource solutions ◦ $197 billion inforce life insurance ◦ $94 billion of variable annuity AV • Enhanced client retention – clients with a RiverSource solution have 3.3 times better retention(1) Advice and Wealth Management Enterprise Capabilities • Balance sheet strength and enterprise risk management capabilities • Global efficiencies from leverage points across the enterprise e.g., technology, Ameriprise India Enterprise Capabilities Data as of June 30, 2026 (1) Client retention is based on 5-year period from 12/2020-12/2025 (2) Included in the AWM distributed Columbia funds above 7 © 2026 Ameriprise Financial, Inc. All rights reserved.
Page 8
8© 2026 Ameriprise Financial, Inc. All rights reserved. We have grown our Wealth Management business while maintaining strong complementary capabilities 2026 represents trailing 12-months through June 30, 2026. Excludes Corporate & Other segment and unlocking. Results beginning in Q1 2021 have been recast to reflect adoption of long duration targeted investments (LDTI). Pretax Adjusted Operating Earnings Advice & Wealth Management Asset Management Retirement & Protection Solutions 40% 28% 32% 2016 $2.3B 66% 20% 14% 2026 $5.6B Excludes Corporate & Other segment and unlocking. Results beginning in Q1 2021 have been recast to reflect adoption of long duration targeted investments (LDTI).
Page 9
+1,020 bps Increase in Return on Equity, ex. AOCI(3) +9% Revenue CAGR(3) +17% EPS CAGR(3) Our approach delivers sustained profitable growth +10% Revenue Growth(1) +15% EPS Growth(2) +260 bps Increase in Return on Equity, ex. AOCI(1) $14.3 billion Capital Returned to Shareholders $3.8 billion Capital Returned to Shareholders One Year Performance (TTM Q2 2026 vs. TTM Q2 2025) Five Year Performance (TTM Q2 2026 vs. TTM Q2 2021) Data on a trailing 12-month basis, except 5-year capital return. (1) Results exclude unlocking impacts which reflect both the company’s annual review of insurance and annuity valuation assumptions and model changes. (2) Results exclude unlocking, severance and mark-to-market impact on share-based compensation expense in both periods. (3) Results exclude unlocking impacts. 2020 financial results have not been recast to reflect adoption of long duration targeted investments (LDTI). 9
Page 10
AMP S&P 500 Financials S&P Index Ameriprise is #1 for total shareholder return in the S&P 500 Financials Index since spin-off in 2005 10 BEST PERFORMING stock in the S&P 500 Financials Index#1 Data as of June 30, 2026. See appendix for source information. © 2026 Ameriprise Financial, Inc. All rights reserved. +1,823% +242% +806% Spin-off 2005 2026
Page 11
Wealth Management: We serve an attractive and fast-growing market, with the client at the heart of everything we do 11© 2026 Ameriprise Financial, Inc. All rights reserved. • Our priority is to work with consumers who have a “Responsible Mindset” – they are open to and see the value in working with a financial advisor and receiving advice and recognize that comes with a fee • Our primary target is those with $500,000 to $5 million in investable assets (the “5-to-5”) • We are also well-suited to serve those on both ends of this asset range, including more affluent households and the next generation of investors still building wealth ($100,000 to $500,000) Total households 16M Total assets $23T … also belong to the Responsible Mindset This 5-5 Responsible Mindset target market encompasses: Among the estimated 20M U.S. households with $500K-$5M… See appendix for source information. 80%
Page 12
We provide a distinguished client and advisor experience that leads to high satisfaction and strong results 12© 2026 Ameriprise Financial, Inc. All rights reserved. Since 2018, the Ameriprise Client Experience has been our bold commitment to delivering a consistently exceptional experience for every client. Central to this experience are four client commitments, shaped by extensive research into what our target market values most. These commitments guide how we serve clients and set Ameriprise apart. Our advisor network drives approximately 87%+ of firmwide revenue. We provide a strong brand to both legacy and newly recruited advisors, as well as best-in-class tools, solutions and end-to-end support and coaching to build a successful practice and serve their clients incredibly well. Longstanding leader in financial planning and advice 10% annual revenue per advisor growth(1) 2026 Hearts & Wallets Top PerformerTM recognition in “Unbiased, puts my interests first” Approximately 9 in 10 advisors report our support and resources are better than previous firm 4.9 out of 5 in overall client satisfaction The Ameriprise Client Experience NET FLOW S NET FLOWS Financial advice for a lifetime Personalized investments and solutions Secure digital access Meaningful connections Advice, Solutions and the Ameriprise Client Experience Brand and Marketing PracticeTech® Platform Services, Operations and Compliance Support Practice Management Learning and Development Data as of June 30, 2026. See appendix for source information. (1) Calculated as the compounded annual growth on a trailing 12-month basis over the past 5 years through June 30, 2026.
Page 13
13© 2026 Ameriprise Financial, Inc. All rights reserved. Automation and Risk Management Best-in-class Technology Drives Operating Efficiencies Improve technology value and cost transparency Create best-in-class customer experiences Build leading infrastructure/ cloud solutions Strategically Using Advanced Analytics Leveraging capabilities across the enterprise while being careful to balance risk, complexity and value Cybersecurity Operate reliable and resilient systems with effective/verifiable controls Our ongoing investments have driven an industry-leading integrated technology experience for clients and advisors 9 out of 10 Ameriprise recruited advisors say they have better integrated technology than their prior firm 4.8/5 stars Clients rate the Ameriprise Financial app Approximately 25% of eligible clients will be approved as fast as the next day Accelerated underwriting Annual technology spend $1 billion Protect the Brand Maintain secure and compliant internal and vendor solutions See appendix for source information.
Page 14
14© 2026 Ameriprise Financial, Inc. All rights reserved. Ameriprise is recognized for our differentiated value proposition See appendix for source information. For the seventh consecutive year recognized by for providing “An Outstanding Customer Service Experience” for phone support for advisors and second consecutive year for phone support for clients in overall satisfaction and “always putting my interests first” 4.9/5 Clients rate Ameriprise Ameriprise Financial earned a 2026 Top PerformerTM recognition in “Unbiased, puts my interests first”
Page 15
15© 2026 Ameriprise Financial, Inc. All rights reserved. Pretax Adjusted Operating Earnings ($M) Pretax Adjusted Operating Margin Client Assets ($B) Adjusted Operating Net Revenue ($B) Wealth Management has been a core driver of financial performance with continued significant growth potential 2026 represents as of 6-30-26 or the trailing 12-months through 6-30-26. 2016 represents as of 12-31-16 or full year 2016. $479 $1,248 2016 2026 $5.1 $12.6 2016 2026 $910 $3,697 2016 2026 17.7% 29.4% 2016 2026 Data as of June 30, 2026. +1,170 bps CAGR 16%CAGR 10% CAGR 11%
Page 16
16© 2026 Ameriprise Financial, Inc. All rights reserved. Our client and advisor value proposition drive best-in-class profitability across market cycles Data as of June 30, 2026. Peers consist of LPL Financial, Raymond James Private Client Group, Bank of America Wealth Management and Morgan Stanley Wealth Management. —% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35%—% 5% 10% 15% 20% 25% 30% 35% Best in class Q2 2026 TTM Margin 5 Year Average PTI Per Client Asset Peer 4 Peer 2 Peer 1 0% Peer 3
Page 17
Our highly differentiated Retirement and Protection Solutions business delivers significant value for Ameriprise clients and advisors 17© 2026 Ameriprise Financial, Inc. All rights reserved. Top 10 VUL provider Top 15 VA provider Top 10 DI provider Strong returns with a lower risk profile $197B Life Insurance inforce and $94B in VA Account Value 100% affiliated distribution Strategically managing our books of business Excellent ratings Recognized by J.D. Power for “outstanding customer service experience” Important solutions for our Ameriprise comprehensive advice approach Generating significant free cash flow Data as of June 30, 2026. See appendix for source information.
Page 18
Retirement & Protection: High quality business with attractive risk-return profile generates distinguished results 18 Data as of June 30, 2026. Results exclude unlocking impacts which reflect the company’s annual review of insurance and annuity valuation assumptions and model changes. © 2026 Ameriprise Financial, Inc. All rights reserved. • High-quality book of business built over many years • Asset accumulation and protection products are long-term client solutions offered as part of a financial plan • Focused on a single attractive channel - the Ameriprise “Responsible Mindset” client base • Continue to enhance risk profile, financial performance and capital efficiency • Sold Ameriprise Auto & Home in 2019 • Reinsured fixed annuity business in 2019 & 2021 • Discontinued sales of Variable Annuities with living benefit riders in 2022 • Actively repositioned the investment portfolio to enhance earnings by extending duration in 2023 • Differentiated model delivers superior results • Improved client retention and asset persistency • Predictable free cash flow generation RPS generated $7.4 billion of pretax operating earnings since 2016 RiverSource paid $9.2 billion of dividends to Ameriprise since 2016
Page 19
Amidst backdrop of overall challenging industry conditions, Columbia Threadneedle has a solid foundation to build from 19© 2026 Ameriprise Financial, Inc. All rights reserved. • Competitive margins and earnings • Ongoing focus on disciplined expense management • $759B in Assets Under Management and Advisement • Top 15 long-term mutual funds in the U.S. • Top 10 player in model delivery in the U.S. • Strong relationships across broad range of distribution intermediaries, supplemented by important “anchor clients” that include Ameriprise and RiverSource • Significant leverage between Asset Management and its affiliates • Continued strong equity franchise, fixed income, multi-asset and alternative capabilities • Intense research focus, including Responsible Investment capabilities • Expanded brand identity, recognition, and digital presence Data as of June 30, 2026. See appendix for source information. • Consistent track record of strong investment performance across asset classes • Barron’s Best Fund Families of 2025 - Top 10 for all periods, 1-,5- and 10-year performance • 97 four- and five-star Morningstar-rated funds globally
Page 20
Columbia Threadneedle is a scaled global player that is diversified across geographies, strategies and clients, and delivers competitive margins 20 © 2026 Ameriprise Financial, Inc. All rights reserved. By Client Type ($B) Adjusted Margin By Region ($B) By Asset Class ($B) Assets Under Management & Advisement Data as of June 30, 2026. $454 $759 $328 $507 $126 $208 $44 North America International AUA 2016 2026 $454 $759 $240 $407 $176 $235 $7 $32 $31 $41 $44 Equity Fixed Alternatives Other AUA 2016 2026 $454 $759 $260 $410$194 $305 $44 Retail Institutional AUA 2016 2026 35.1% 42.1% 2016 2026 Asset data as of 12-31-16 or 6-30-26. Margin for 2016 represents full year 2016 and 2026 represents trailing 12-months through June 30, 2026
Page 21
Strong financial performance across our businesses results in a differentiated and consistent capital return to shareholders 21© 2026 Ameriprise Financial, Inc. All rights reserved. Data as of June 30, 2026. ROE excludes unlocking impacts which reflect the company’s annual review of insurance and annuity valuation assumptions and model changes. See appendix for source information. ‘ A3’ / ‘ A-’ / ‘ A-’ / ‘a-’ Ratings from Moody’s, S&P , Fitch & AM Best 99% hedge effectiveness $2.1B excess capital $2.8B holding company available liquidity ~90% free cash flow generation AA- rated investment portfolio Returned $25 billion to shareholders over the past 10 years, which was ~90% of operating earnings 91st percentile among S&P 500 Financials 45% Reduction in Share Count over the past 10 years 97th percentile among S&P 500 Financials Best in class ROE of 55.1% 94th percentile among S&P 500 Financials 497% RBC Ratio
Page 22
22© 2026 Ameriprise Financial, Inc. All rights reserved. Maintain our strong culture and excellent reputation as a trusted partner with our clients, our advisors, our vendors, our regulators, and our employees Generate substantial free cash flow with flexibility to return capital to shareholders at a differentiated pace to drive leading shareholder value creation Deliver compelling and differentiated value propositions in each of our businesses to meet and exceed client needs, while continuing our mix shift toward higher multiple Wealth Management business Remain focused on generating sustainable profitable growth and strong margins Maintain a sound balance sheet and effective risk management capabilities
Page 23
23© 2026 Ameriprise Financial, Inc. All rights reserved. Appendix
Page 24
24© 2026 Ameriprise Financial, Inc. All rights reserved. Disclosures Slide 5: 25th largest global asset manager -- Pensions & Investments/Thinking Ahead Institute World 500: World’s largest money managers. Data as of Dec. 31, 2024. Market capitalization – S&P CapIQ. #1 in total shareholder return within the S&P 500 Financials Index since spin-off – Bloomberg. Slide 7: Client retention is based on a 5-year period from December 2020 - December 2025. Slide 10: Source: Bloomberg. Ranking calculated based on members of the S&P 500 Financials Index as of September 30, 2005 that are still members as of June 30, 2026. Slide 11: Proportion Responsible Mindset vs. non-Responsible Mindset from Ameriprise Financial Marketing Segmentation, 2025. Total US households/assets from Ameriprise Corporate Strategy / Survey of Consumer Finance, 2022. Note: Sizing information on this slide represents market size information from the 2022 Survey of Consumer Finance adjusted by Ameriprise Financial Marketing Segmentation collected in 2025 Slide 12: 4.9 out of 5 in overall client satisfaction -- Ameriprise created the Client Experience Survey to give clients an opportunity to rate their satisfaction with their assigned financial advisor or advisor team using a scale of 1 to 5. Clients of financial advisors in the Ameriprise Franchise Group, Ameriprise Advisor Group, and the Ameriprise Financial Institutions Group have an opportunity to access the Ameriprise Secure Client Site and provide a rating. This client satisfaction score is a national average of client responses for all advisors and teams within a rolling 24- month period as of 12/31/2025. Client experiences may vary, and working with any Ameriprise advisor or team is not a guarantee of future financial results. Investors should not consider the Client Experience Survey score a substitute for their own research and evaluation of an advisor’s or team’s qualifications. 2026 Hearts & Wallets Top PerformerTM in “Unbiased, puts my interests first” -- Hearts & Wallets report Wants & Pricing 2026 from the Hearts & Wallets Investor QuantitativeTM Database. Between July 17 – August 9, 2025, 5,981 respondents provided 17,471 sets of ratings for their financial services providers in various areas on a scale of 0 (not at all satisfied) to 10 (extremely satisfied). The report designates Top Performers in areas where customer ratings are distinctively higher than the national average – meaning ratings exceeded the average by more than 20% or at least 120 points on an index. There may be multiple Top Performers or none, and Top Performers are not ranked. These results are not indicative of future performance or representative of any one client's experience. Ameriprise has earned a Top Performer recognition in “Understands me and shares my values” and “Unbiased, puts my interests first” seven times based on data during 2016-2025. Ameriprise did not pay a fee to be evaluated in the study but did pay a fee to Hearts & Wallets to cite the results. 9% annual revenue per advisor growth is calculated as the compounded annual growth on a trailing 12-month basis over the past 5 years through March 31, 2026. Approximately 9 in 10 advisors report our support and resources are better than previous firm -- Ameriprise Strategic Insights. The Ultimate Advisor Partnership Survey, Nov. 2023. Base: Experienced Advisor Recruits with one to five years tenure at Ameriprise (n=284). Slide 13: 9 out of 10 Ameriprise recruited advisors say they have better integrated technology than their prior firm -- Ameriprise asked experienced advisors who moved their book of business to the firm in the last one-to-five years to compare its support, resources, and capabilities to their previous firm and state their satisfaction with their experience. The survey results identified the top ways Ameriprise stands out compared to competitors. 284 advisors responded to the “Ultimate Advisor Partnership” survey, which was conducted by the Ameriprise Strategic Insights team from October- November 2023. Clients rate the Ameriprise Financial app 4.8 out of 5 stars -- The Ameriprise Financial App Satisfaction Score gives our clients an opportunity to rate their satisfaction with our firm’s mobile application (app) using a scale of 1 to 5. The score is the combined average score of our own satisfaction survey and surveys collected by specific third parties: the Apple App Store and Google Play Store collected up to March 1, 2025. Only clients of Ameriprise Financial can use our firm’s mobile app and only individuals who have downloaded the app can submit a survey. Most survey scores are submitted based on prompts we send to clients after they have used the mobile app for certain activities (e.g. renaming their account, e-signing a document, sharing a document with their advisor, etc.). Clients may receive prompts from us up to 3 times per year. Individuals who have downloaded the app can also submit an unlimited number of surveys without being prompted. Client experiences may vary and satisfaction with the mobile app does not guarantee future financial results
Page 25
25© 2026 Ameriprise Financial, Inc. All rights reserved. Disclosures Slide 14: Clients rate Ameriprise 4.9 out of 5 in “always putting my interests first” -- Ameriprise created the Client Experience Survey to give clients an opportunity to rate their satisfaction with their assigned financial advisor or advisor team using a scale of 1 to 5. Clients of financial advisors in the Ameriprise Franchise Group, Ameriprise Advisor Group, and the Ameriprise Financial Institutions Group have an opportunity to access the Ameriprise Secure Client Site and provide a rating. This client satisfaction score is a national average of client responses for all advisors and teams within a rolling 24- month period as of 12/31/2025. Client experiences may vary, and working with any Ameriprise advisor or team is not a guarantee of future financial results. Investors should not consider the Client Experience Survey score a substitute for their own research and evaluation of an advisor’s or team’s qualifications. For the seventh consecutive year recognized by J.D. Power for providing “An Outstanding Customer Service Experience” for phone support for advisors -- J.D. Power 2025 Certified Customer Service ProgramSM recognition is based on successful completion of an operational evaluation and exceeding a customer satisfaction benchmark through a survey of recent servicing interactions. J.D. Power certified Ameriprise customer satisfaction performance for advisors and clients in these factors: satisfaction with the IVR routing process, and the customer service representative which includes knowledge, courtesy, concern, promptness in getting to a representative, and timeliness of resolution in addition to overall satisfaction. Ameriprise paid a fee to J.D. Power to have their advisor and client support experience independently certified through this program and cite the results. Ameriprise’s public use of the certification is subject to a license fee. For more information, visit www.jdpower.com/awards. Hearts & Wallets --Hearts & Wallets report Wants & Pricing 2026 from the Hearts & Wallets Investor QuantitativeTM Database. Between July 17 – August 9, 2025, 5,981 respondents provided 17,471 sets of ratings for their financial services providers in various areas on a scale of 0 (not at all satisfied) to 10 (extremely satisfied). The report designates Top Performers in areas where customer ratings are distinctively higher than the national average – meaning ratings exceeded the average by more than 20% or at least 120 points on an index. There may be multiple Top Performers or none, and Top Performers are not ranked. These results are not indicative of future performance or representative of any one client's experience. Ameriprise has earned a Top Performer recognition in “Understands me and shares my values” and “Unbiased, puts my interests first” seven times based on data during 2016-2025. Ameriprise did not pay a fee to be evaluated in the study but did pay a fee to Hearts & Wallets to cite the results. Ameriprise has been recognized by Forbes as one of America’s Best Companies 2026 -- Forbes recognized America's Best Companies based on an evaluation of U.S. headquartered companies across 11 categories: employee and customer sentiment, financial performance, business trajectory, cybersecurity, media sentiment, workforce diversity, sustainability, workforce stability and company size. The top 500 companies were included in the final list. Ameriprise did not pay a fee to be evaluated, but did pay a fee to publicly cite the results. Find more information at https://www.forbes.com/lists/best-companies/. Ameriprise Financial was named one of TIME’S America’s Most Iconic Companies 2026 -- TIME magazine partnered with Statista to recognize America’s Most Iconic Companies, chosen based on an independent survey of roughly 10,000 participants. Ameriprise Financial, Inc. was the highest ranked diversified financial services firm in the ranking and its overall ranking was #48 out of 250 companies across all industry sectors. Eligible companies (founded and headquartered in the United States, with a market presence of at least 10 years.) were evaluated from July to August 2025, across several key categories: Recognition and familiarity, cultural significance and impact, emotional connection, resilience, Americanness, presence and legacy. Ameriprise did not pay a fee to be evaluated, but did pay a fee to publicly cite the results. Find more information at https:// time.com/7339929/americas-most-iconic-companies/. Ameriprise Financial has been named one of America’s Most Innovative Companies of 2026 by Fortune: Fortune partnered with Statista to recognize America’s Most Innovative Companies — U.S. companies that excel in developing innovative products, streamlining processes, and cultivating a forward-thinking corporate culture. Statista surveyed more than 30,000 U.S. employees and 3,000 experts in various fields and evaluated patent data. Surveys were conducted August through November 2025. Ameriprise did not pay a fee to be evaluated, but did pay a fee to publicly cite the results.
Page 26
26© 2026 Ameriprise Financial, Inc. All rights reserved. Disclosures Slide 17: Top 10 VUL insurance provider – LIMRA ANNUALIZED=Planned Recurring + 10% Single Premium – LIMRA’s 2025 U.S. Retail Individual Life Insurance Sales By Channel and 4Q25 U.S. IDI Participant report - Q4 2025 Top 15 VA provider – LIMRA / LOMA US Individual Annuity Industry Sales Report – Q4 2025 Top 10 DI provider – LIMRA’s 2025 U.S. Retail Individual Life Insurance Sales By Channel and 4Q25 U.S. IDI Participant report - Q4 2025 Recognized by J.D. Power for “outstanding customer service experience” -- J.D. Power 2025 Certified Customer Service ProgramSM recognition is based on successful completion of an operational evaluation and exceeding a customers at is faction benchmark through a survey of recent servicing interactions. J.D. Power certified Ameriprise customer satisfaction performance for advisors and clients in these factors: satisfaction with the IVR routing process, and the customer service representative which includes knowledge, courtesy, concern, promptness in getting to a representative, and timeliness of resolution in addition to overall satisfaction. Ameriprise paid a fee to J.D. Power to have their advisor and client support experience independently certified through this program and cite the results. Ameriprise’s public use of the certification is subject to a license fee. For more information, visit www.jdpower.com/awards. Slide 19: Top 15 long-term mutual funds in the U.S. -- ICI Complex Assets report, through Q4 2024. Top 10 player in model delivery in the U.S. – Investment Management Association.; data as of January 2025 Barron’s Best Fund Families of 2025 - Top 15 for all periods, 1-,5- and 10-year performance -- Barron’s Best Fund Families of 2025 - Top 10 for all periods, 1-,5- and 10-year performance -- Barron’s Best Fund Families of 2025 - Top 10 for all periods, 1-,5- and 10-year performance -- Barron’s Fund Family rankings are based on total return for the 2025 calendar year ending 12/31/25. Columbia Threadneedle Investments ranked 10th among 46 qualifying fund families. Past performance is not a guarantee of future results. Barron’s Fund Family Rankings are calculated without the impact of expenses such as 12b-1 fees, front-end loads, or sales charges, which would reduce returns. Source: Barron’s, 2/26/2027. To be included in Barron’s Fund Survey, a fund family must have at least three funds in Lipper's general equity category, one in world equity, one mixed-asset fund (such as a balanced or target-date fund), two taxable-bond funds and one national tax-exempt bond fund. Each fund's return is measured against all funds in its Lipper category, resulting in a percentile ranking of 100 being the highest and 1 the lowest. This result is then weighted by asset size, relative to the fund family's other assets in its general classification. If a family's biggest funds do well, that boosts its overall showing; poor performance in its biggest funds hurts a firm's ranking. Finally, the score is multiplied by the general classification weightings as determined by the entire Lipper universe of funds. The category weightings for the one-year results in 2024 were general equity, 39.1%; mixed asset, 21.6%; world equity, 15.3%; taxable bond, 20.1%; and tax-exempt bond, 3.9%. The category weightings for the five-year results were general equity, 39%; mixed asset, 21.7%; world equity, 15.3%; taxable bond, 19.9%; and tax-exempt bond, 4%. For the 10-year list, they were general equity, 40%; mixed asset, 22.1%; world equity, 14.8%; taxable bond, 19.2%; and tax-exempt bond, 3.9%. Slide 21: Ranking among S&P 500 Financials -- S&P Cap IQ as of Q2 2026. Calculation is based on Q1 2026 data for firms that have not reported as of 8/3/26.
Page 27
Reconciliation Tables 27© 2026 Ameriprise Financial, Inc. All rights reserved. Mix Shift Full Year TTM (in millions, unaudited) 2016 2 Qtr 2026 Advice & Wealth Management pretax adjusted operating earnings $ 910 $ 3,697 Less: Unlocking — — Pretax adjusted operating earnings, excluding unlocking $ 910 $ 3,697 Asset Management pretax adjusted operating earnings $ 621 $ 1,100 Less: Unlocking — — Pretax adjusted operating earnings, excluding unlocking $ 621 $ 1,100 Retirement & Protection Solutions pretax adjusted operating earnings $ 524 $ 809 Less: Unlocking (203) 17 Pretax adjusted operating earnings, excluding unlocking $ 727 $ 792 Total Pretax adjusted operating earnings, excluding unlocking $ 2,258 $ 5,589 Percent pretax adjusted operating earnings from Advice & Wealth Management, excluding unlocking 40 % 66 % Percent pretax adjusted operating earnings from Asset Management, excluding unlocking 28 % 20 % Percent pretax adjusted operating earnings from Retirement & Protection Solutions, excluding unlocking 32 % 14 % Excludes Corporate & Other Segment 2016 has not been restated for LDTI accounting standard that went into effect in January 2023
Page 28
28 © 2026 Ameriprise Financial, Inc. All rights reserved. Reconciliation Tables Adjusted Operating Earnings per Diluted Share Trailing Twelve Months ending June 30, CAGR Per Diluted Share Trailing Twelve Months ending June 30, CAGR(in millions, except per share amounts, unaudited) 2026 2025 2026 2025 Total net revenues $ 1 9,503 $ 1 7,627 11% Adjustments: Net realized investment gains (losses) 12 (38) Market impact on non-traditional long-duration products 2 11 Mean Reversion related impacts (1) 1 CIEs revenue 168 201 Adjusted operating total net revenues $ 1 9,322 $ 1 7,452 Annual Unlocking 120 (5) Adjusted operating total net revenues, excluding unlocking $ 1 9,202 $ 1 7,457 10% Net income $ 3 ,948 $ 3,225 $ 41.46 $ 32.14 Adjustments: Net realized investment gains (losses)(1)(2) 12 (38) 0.12 (0.38) Market impact on non-traditional long-duration products(1)(2) (203) (474) (2.09) (4.64) Mean reversion-related impacts(1)(2) 1 2 0.01 0.02 Integration/restructuring charges(1)(2) (1) — (0.01) — Net income (loss) attributable to consolidated investment entities — 3 — 0.03 Tax effect of adjustments(2) 39 107 0.40 1.04 Adjusted operating earnings $ 4,1 00 $ 3,625 $ 43.03 $ 36.07 Pretax impact of annual unlocking (6) (94) (0.06) (0.92) Tax effect of annual unlocking(2) 1 20 0.01 0.19 Adjusted operating earnings, excluding annual unlocking $ 4,1 05 $ 3,699 $ 43.08 $ 36.80 17% Pretax impact of severance and mark-to-market impact on share-based compensation expense 11 (58) 0.11 (0.57) Tax effect of severance and mark-to-market on share-based compensation expense (4) 8 (0.04) 0.08 Adjusted operating earnings, excluding unlocking, severance, and mark-to- market impact on share-based compensation expense $ 4 ,098 $ 3,749 $ 43.01 $ 37.29 15% Weighted average common shares outstanding: Basic 94.1 98.9 Diluted 95.4 100.6 (1) Pretax adjusted operating adjustment. (2) Calculated using the statutory tax rate of 21%.
Page 29
Reconciliation Tables 29© 2026 Ameriprise Financial, Inc. All rights reserved. Adjusted Operating Return on Equity Twelve Months Ended June 30, (in millions, unaudited) 2026 2025 2021 Net income $ 3,948 $ 3,225 $ 1,828 Less: Adjustments (1) (152) (400) (203) Adjusted operating earnings 4,100 3,625 2,031 Less: Annual unlocking (2) (5) (74) (349) Adjusted operating earnings, excluding Unlocking $ 4,105 $ 3,699 $ 2,380 Total Ameriprise Financial, Inc. shareholders’ equity $ 6,333 $ 5,489 $ 5,491 Less: Accumulated other comprehensive income, net of tax (1,115) (1,551) 194 Total Ameriprise Financial, Inc. shareholders’ equity excluding AOCI 7,448 7,040 5,297 Less: Equity impacts attributable to the consolidated investment entities (1) (2) 1 Adjusted operating equity $ 7,449 $ 7,042 $ 5,296 Return on equity excluding AOCI 53.0 % 45.8 % 34.5 % Adjusted operating return on equity, excluding AOCI (2) 55.0 % 51.5 % 38.3 % Adjusted operating return on equity, excluding AOCI and unlocking (2) 55.1 % 52.5 % 44.9 % (1) Adjustments reflect the sum of after-tax net realized investment gains or losses, net of the reinsurance accrual; the market impact on non-traditional long-duration products (including variable and fixed deferred annuity contracts and UL insurance contracts), net of hedges and related reinsurance accrual; mean reversion related impacts; the market impact of hedges to offset interest rate and currency changes on unrealized gains or losses for certain investments; block transfer reinsurance transaction impacts; gain or loss on disposal of a business that is not considered discontinued operations; integration and restructuring charges; income (loss) from discontinued operations; and net income (loss) from consolidated investment entities. After-tax is calculated using the statutory tax rate of 21%. (2) Adjusted operating return on equity, excluding AOCI is calculated using adjusted operating earnings in the numerator, and Ameriprise Financial shareholders’ equity, excluding AOCI and the impact of consolidating investment entities using a five-point average of quarter-end equity in the denominator. After-tax is calculated using the statutory tax rate of 21%.
Page 30
Reconciliation Tables 30© 2026 Ameriprise Financial, Inc. All rights reserved. Adjusted Operating Earnings per Diluted Share Trailing Twelve Months ending June 30, CAGR Per Diluted Share Trailing Twelve Months ending June 30, CAGR(in millions, except per share amounts, unaudited) 2026 2021 2026 2021 Total net revenues $ 19,503 $ 12,922 Adjustments: Net realized investment gains (losses) 12 77 Market impact on non-traditional long-duration products 2 22 Mean Reversion related impacts (1) 1 Market impact of hedges on investments — (17) CIEs revenue 168 90 Adjusted operating total net revenues $ 19,322 $ 12,749 Annual Unlocking 120 (1) Adjusted operating total net revenues, excluding unlocking $ 19,202 $ 12,750 9% Net income $ 3,948 $ 1,828 $ 41.46 $ 14.97 Adjustments: Net realized investment gains (losses)(1)(2) 12 77 0.12 0.62 Market impact on non-traditional long-duration products(1)(2) (203) (446) (2.09) (3.55) Mean reversion-related impacts(1)(2) 1 135 0.01 1.10 Market impact on hedges on investments(1)(2) — (17) — (0.14) Integration/restructuring charges(1)(2) (1) (8) (0.01) (0.07) Net income (loss) attributable to consolidated investment entities — 2 — 0.02 Tax effect of adjustments(2) 39 54 0.40 0.43 Adjusted operating earnings $ 4,100 $ 2,031 $ 43.03 $ 16.56 Pretax impact of annual unlocking (6) (442) (0.06) (3.54) Tax effect of annual unlocking(2) 1 93 0.01 0.74 Adjusted operating earnings, excluding annual unlocking $ 4,105 $ 2,380 $ 43.08 $ 19.36 17% Weighted average common shares outstanding: Basic 94.1 120.5 Diluted 95.4 122.9 (1) Pretax adjusted operating adjustment. (2) Calculated using the statutory tax rate of 21%.
Page 31
Reconciliation Tables 31© 2026 Ameriprise Financial, Inc. All rights reserved. Advice & Wealth Management Net Pretax Adjusted Operating Margin Full Year TTM (in millions, unaudited) 2016 2 Qtr 2026 Adjusted operating net revenues $ 5,144 $ 12,573 Pretax adjusted operating earnings $ 910 $ 3,697 Pretax adjusted operating margin 17.7 % 29.4 %
Page 32
Reconciliation Tables 32© 2026 Ameriprise Financial, Inc. All rights reserved. Asset Management Net Pretax Adjusted Operating Margin Full Year TTM (in millions, unaudited) 2016 2 Qtr 2026 Adjusted operating net revenues $ 2,960 $ 3,802 Less: Distribution pass through revenues 815 831 Less: Subadvisory and other pass through revenues 354 418 Net adjusted operating revenues $ 1,791 $ 2,553 Pretax adjusted operating earnings $ 621 $ 1,100 Less: Adjusted operating net investment income 14 62 Add: Amortization of intangibles 21 38 Net adjusted operating earnings $ 628 $ 1,076 Pretax adjusted operating margin 21.0 % 28.9 % Net pretax adjusted operating margin 35.1 % 42.1 %