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Ameriprise Financial Overview © 2026 Ameriprise Financial, Inc. All rights reserved.
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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, 2024. 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.
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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
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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
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5© 2026 Ameriprise Financial, Inc. All rights reserved. More than 130 years of commitment to clients and advisors Data as of December 31, 2025. See appendix for source information. Leadership and scale A longstanding leader in financial planning and advice in the U.S. $1.7 trillion total assets under management and administration 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 $2.2 billion of available liquidity High-quality, AA- rated investment portfolio Strong ratings and proven enterprise risk management Conservative debt level with Debt/EBITDA well 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 $45.6 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
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Our business mix provides important benefits over market cycles with significant leverage points across the firm 6© 2026 Ameriprise Financial, Inc. All rights reserved.
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Our integrated model leverages key business linkages to drive growth and consistency across market cycles Columbia Threadneedle & AWM • AWM distributes $149 billion of Columbia funds • CTI manages $18 billion discretionary wrap program • CTI manages $23 billion of Bank assets and $9 billion of Certificate assets Columbia Threadneedle & RiverSource • CTI manages $69 billion RiverSource Separate Account assets • CTI manages $26 billion RiverSource General Account assets AWM & RiverSource • AWM is sole distributor of RiverSource solutions ◦ $197 billion inforce life insurance ◦ $91 billion of variable annuity AV • Enhanced client retention – clients with a RiverSource solution have 3.3 times better retention1 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 (1) Client retention is based on 5-year period from 6/2020-6/2025 7© 2026 Ameriprise Financial, Inc. All rights reserved.
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8© 2026 Ameriprise Financial, Inc. All rights reserved. We will continue to capture the significant Wealth Management opportunity, while maintaining strong complementary capabilities Pretax Adjusted Operating Earnings Advice & Wealth Management Asset Management Retirement & Protection Solutions 2015 $2.4B 2025 $5.3B Excludes Corporate & Other segment and unlocking. Results beginning in Q1 2021 have been recast to reflect adoption of long dura tion targeted investments (LDTI).
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(1) Results exclude unlocking impacts which reflect both the company’s annual review of insurance and annuity valuation assumptions and model changes. One Year Performance (Full Year 2025 vs Full Year 2024)(1) +6% Revenue Growth +12% EPS Growth +60 bps Increase in Return on Equity, ex. AOCI $3.4 billion Capital Returned to Shareholders • Strong full year financial performance • Exited 2025 with significant capacity to invest in targeted growth initiatives • Excellent balance sheet foundation and free cash flow generation that enables both investment in the business and capital return while navigating all environments Ameriprise continues to outperform financial targets and has a proven track record of navigating uncertain and volatile markets 9© 2026 Ameriprise Financial, Inc. All rights reserved.
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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 December 31, 2025. See appendix for source information. © 2026 Ameriprise Financial, Inc. All rights reserved. +1,942% +247% +722% Spin-off 2005 2025
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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%
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We provide a distinguished client and advisor experience that leads to high satisfaction and strong results 12© 2026 Ameriprise Financial, Inc. All rights reserved. We provide an experience that no other company can: helping clients achieve their financial goals and living the lives they imagined for themselves. The Ameriprise Client Experience is delivered by every advisor, to every client, every time, which entails: Our advisor network drives approximately 86%+ 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 11% annual revenue per advisor growth 2025 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 Goal-based advice Investments and solutions aligned to goals Compelling digital experience Referrable service experience 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 December 31, 2025. See appendix for source information.
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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 resilientsystems 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 Technology investment over the past 5 years ~ $950M Protect the Brand Maintain secure and compliantinternal and vendor solutions See appendix for source information.
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14© 2026 Ameriprise Financial, Inc. All rights reserved. Ameriprise is externally recognized for our differentiated value proposition See appendix for source information. For the seventh consecutive year recognized by for providing “An Outstanding Customer Service Experience” for phone support for advisors and second consecutive year for phone support for clients in overall satisfaction and “always putting my interests first” 4.9/5 Clients rate Ameriprise Ameriprise earnedTop PerformerTM recognitionin “Unbiased, puts my interests first”
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15© 2026 Ameriprise Financial, Inc. All rights reserved. Pretax Adjusted Operating Earnings ($M) Pretax Adjusted Operating Margin CAGR 15% +1,200 bps Client Assets ($B) CAGR 10% Adjusted Operating Net Revenue ($B) CAGR 9% Wealth Management has been a core driver of financial performance for the company, with continued significant growth potential Data as of December 31, 2025.
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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 December 31, 2025. Peers consist of LPL Financial, Raymond James Private Client Group, Bank of America Wealth Managem ent and Morgan Stanley Wealth Management. Best in class 2025 Margin 5 Year Average PTI Per Client Asset Peer 4 Peer 2 Peer 1 0% Peer 3
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Our highly differentiated Retirement and Protection business delivers significant value for Ameriprise clients, advisors, and shareholders 17© 2026 Ameriprise Financial, Inc. All rights reserved. Top 5 VUL provider Top 10 VAprovider Top 15 DI provider Strong returns with a lower risk profile $197B Life Insurance inforce and $91B 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 December 31, 2025. See appendix for source information.
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Retirement & Protection: High quality business with attractive risk-return profile generates distinguished results 18 Data as of December 31, 2025. Results exclude unlocking impacts which reflect the company’s annual review of insurance and annui ty 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 $7.6 billion of pretax operating earnings since 2015 RiverSource paid $9.7 billion of dividends to Ameriprise since 2015
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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 • $721B in Assets Under Management and Advisement • Top 15 long-term mutual funds in the U.S. • Top 10 player in model delivery in the U.S. • Strong relationships across broad range of distribution intermediaries, supplemented by important “anchor clients” that include Ameriprise and RiverSource • Significant leverage between Asset Management and its affiliates • Continued strong equity franchise, fixed income, multi-asset and alternative capabilities • Intense research focus, including Responsible Investment capabilities • Expanded brand identity, recognition, and digital presence Data as of December 31, 2025. See appendix for source information. • Consistent track record of strong investment performance across asset classes • Barron’s Best Fund Families of 2025 - Top 10 for all periods, 1-,5- and 10-year performance • 103 four- and five-star Morningstar-rated funds globally
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Columbia Threadneedle is a scaled global player that is diversified across geographies, strategies and clients, and delivers competitive margins 20© 2026 Ameriprise Financial, Inc. All rights reserved. By Client Type ($B) Adjusted Margin By Region ($B) By Asset Class ($B) Assets Under Management Data as of December 31, 2025.
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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 December 31, 2025. 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 & A.M. Best 98% hedge effectiveness $2.1B excess capital $2.2B holding company available liquidity ~90% free cash flow generation Returned $24 billion to shareholders over the past 10 years, which was ~90% of operating earnings 91st percentile among S&P 500 Financials 46% Reduction in Share Count over the past 10 years 97th percentile among S&P 500 Financials Best in class ROE of 53.3% 97th percentile among S&P 500 Financials 523% RBC ratio
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22© 2026 Ameriprise Financial, Inc. All rights reserved. Defensively positioned, liquid portfolio with track-record of strong credit performance • AA- average rating • <1% Below Investment Grade • Domestic-focused exposures • Securitized assets are syndicated and diversified across collateral types with significant structural credit protections • Limited exposure to private assets; no middle market lending and no alternatives 1 Data as of December 31, 2025. Available for Sale as % of Fair Value 2 Exposures shown do not include ~$1.9B of Commercial Mortgage Loan (CML) exposure and ~$10.0B of cash. CML portfolio is high qual ity, with low average loan size and is diversified across property types and geographies with no past -due exposures, no REO. 3 Approximately 86% of securities rated AA were GNMA, FNMA, and FHLMC mortgage- backed securities Investment portfolio is high quality, diversified with strong credit protections 36% 34% 8% 21% 1% Investment Portfolio by Rating(1)(2)(3) AAA AA A BBB Below Inv. Grade Investment Portfolio $53.6B 52.6% 29.6% 7.0% 6.9% 2.7% 1.3% Investment Portfolio by Asset Class(1)(2) RMBS Corporate Debt Securities ABS CMBS U.S. Government & Agency Obligations State & Municipal Obligations Investment Portfolio $53.6B
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23© 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
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24© 2026 Ameriprise Financial, Inc. All rights reserved. Appendix
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25© 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 June 2020 - June 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 December 31, 2024. 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. 2025 Hearts & Wallets Top Performer TM in “Unbiased, puts my interests first” -- 2025 Wants & Pricing Report from the Hearts & Wallets Investor QuantitativeTM Database. Between July 17 – August 9, 2024, 5,989 respondents provided 18,066 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” seven times based on data from 2016-2019 and 2022-2024. Ameriprise did not pay a fee to be evaluated in the study but did pay a fee to Hearts & Wallets to cite the results. 11% annual revenue per advisor growth is calculated as the compounded annual growth on a trailing 12-month basis over the past 5 years through September 30, 2025. 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
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26© 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 seven consecutive year recognized by J.D. Power for providing “An Outstanding Customer Service Experience” for phone support for advisors -- J.D. Power 2024 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 -- 2025 Wants & Pricing Report from the Hearts & Wallets Investor QuantitativeTM Database. Between July 17 – August 9, 2024, 5,989 respondents provided 18,066 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” seven times based on data from 2016-2019 and 2022-2024. 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 2025 -- Forbes recognized America's Best Companies 2025 based on an evaluation of more than 2,000 U.S. headquartered public companies across 11 categories: employee and customer sentiment, financial strength, DEI, cybersecurity, media sentiment, public trust, sustainability, remote work policies, workforce stability, and accessibility policies/performance. The top 300 companies were included in the final list. Ameriprise did not pay a fee to be evaluated for this ranking. Ameriprise did pay a licensing fee to promote their appearance on the ranking. Find more information at https://www.forbes.com/sites/alanschwarz/2024/10/17/americas-best-companies-2025-methodology/ 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 is a Fortune 500® company: The Fortune 500 ranking published June 2025 and is based on revenue as of Dec. 31, 2024. Ameriprise did not pay a fee to be included on this list but did pay a fee to Fortune to cite the results. From Fortune ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media (USA) Corporation are not affiliated with, and do not endorse the products or services of, Ameriprise Financial, Inc.
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27© 2026 Ameriprise Financial, Inc. All rights reserved. Disclosures Slide 17: Top 5 VUL insurance provider – LIMRA ANNUALIZED=Planned Recurring + 10% Single Premium – Q4 2024 Top 10 VA provider – Secure Retirement Industry Participant Report – Q4 2024 Top 15 DI provider – LIMRA Recognized by J.D. Power for “outstanding customer service experience” -- J.D. Power -- J.D. Power 2024 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 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 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 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 Q4 2025. Calculation is based on Q3 2025 data for firms that have not reported as of 2/6/26.
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Reconciliation Tables 28© 2026 Ameriprise Financial, Inc. All rights reserved. Mix Shift Full Year Full Year (in millions, unaudited) 2015 2025 Advice & Wealth Management pretax adjusted operating earnings $ 859 $ 3,411 Less: Unlocking — — Pretax adjusted operating earnings, excluding unlocking $ 859 $ 3,411 Asset Management pretax adjusted operating earnings $ 761 $ 1,016 Less: Unlocking — — Pretax adjusted operating earnings, excluding unlocking $ 761 $ 1,016 Retirement & Protection Solutions pretax adjusted operating earnings $ 852 $ 846 Less: Unlocking 40 17 Pretax adjusted operating earnings, excluding unlocking $ 812 $ 829 Total Pretax adjusted operating earnings, excluding unlocking $ 2,432 $ 5,256 Percent pretax adjusted operating earnings from Advice & Wealth Management, excluding unlocking 35 % 65 % Percent pretax adjusted operating earnings from Asset Management, excluding unlocking 31 % 19 % Percent pretax adjusted operating earnings from Retirement & Protection Solutions, excluding unlocking 34 % 16 % Excludes Corporate & Other Segment 2015 has not been restated for LDTI accounting standard that went into effect in January 2023
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Reconciliation Tables 29© 2026 Ameriprise Financial, Inc. All rights reserved. Adjusted Operating Earnings per Diluted Share Full Year CAGR Per Diluted Share Full Year CAGR(in millions, except per share amounts, unaudited) 2025 2024 2025 2024 Total net revenues $ 18,480 $ 17,264 7% Adjustments: Net realized investment gains (losses) (8) (21) Market impact on non-traditional long-duration products 12 3 CIEs revenue 183 203 Adjusted operating total net revenues $ 18,293 $ 17,079 Annual Unlocking 120 (5) Adjusted operating total net revenues, excluding unlocking $ 18,173 $ 17,084 6% Net income $ 3,563 $ 3,401 $ 36.28 $ 33.05 Adjustments: Net realized investment gains (losses)(1)(2) (8) (21) (0.08) (0.20) Market impact on non-traditional long-duration products(1)(2) (366) (153) (3.73) (1.49) Mean reversion-related impacts(1)(2) 1 1 0.01 0.01 Net income (loss) attributable to consolidated investment entities — 3 — 0.03 Tax effect of adjustments(2) 78 36 0.79 0.35 Adjusted operating earnings $ 3,858 $ 3,535 $ 39.29 $ 34.35 Pretax impact of annual unlocking (6) (94) (0.06) (0.91) Tax effect of annual unlocking(2) 1 20 0.01 0.19 Adjusted operating earnings, excluding annual unlocking $ 3,863 $ 3,609 $ 39.34 $ 35.07 12% Weighted average common shares outstanding: Basic 96.7 101.0 Diluted 98.2 102.9 (1) Pretax adjusted operating adjustment. (2) Calculated using the statutory tax rate of 21%.
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Reconciliation Tables 30© 2026 Ameriprise Financial, Inc. All rights reserved. Adjusted Operating Return on Equity Full Year (in millions, unaudited) 2025 2024 2020 Net income $ 3,563 $ 3,401 $ 1,534 Less: Adjustments (1) (295) (134) (236) Adjusted operating earnings 3,858 3,535 1,770 Less: Annual unlocking (2) (5) (74) (349) Adjusted operating earnings, excluding Unlocking $ 3,863 $ 3,609 $ 2,119 Total Ameriprise Financial, Inc. shareholders’ equity $ 5,948 $ 5,109 $ 6,378 Less: Accumulated other comprehensive income, net of tax (1,305) (1,739) 508 Total Ameriprise Financial, Inc. shareholders’ equity excluding AOCI 7,253 6,848 5,870 Less: Equity impacts attributable to the consolidated investment entities — (3) 1 Adjusted operating equity $ 7,253 $ 6,851 $ 5,869 Return on equity excluding AOCI 49.1 % 49.7 % 26.1 % Adjusted operating return on equity, excluding AOCI (3) 53.2 % 51.6 % 30.2 % Adjusted operating return on equity, excluding AOCI and unlocking (3) 53.3 % 52.7 % 36.1 % (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) After-tax is calculated using the statutory tax rate of 21%. (3) 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%.
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Reconciliation Tables 31© 2026 Ameriprise Financial, Inc. All rights reserved. Adjusted Operating Earnings per Diluted Share Full Year Full Year CAGR Full Year Per Diluted Share CAGR(in millions, except per share amounts, unaudited) 2025 2015 2025 2015 Total net revenues $ 18,480 $ 12,170 Adjustments: Net realized investment gains (losses) (8) 4 Market impact on non-traditional long-duration products 12 7 Market impact of hedges on investments — (21) CIEs revenue 183 446 Adjusted operating total net revenues $ 18,293 $ 11,734 Annual Unlocking 120 (8) Adjusted operating total net revenues, excluding unlocking $ 18,173 $ 11,742 Auto & Home 0 $ 1,109 Adjusted operating total net revenues, excluding unlocking and Auto & Home $ 18,173 $ 10,633 6% Net income $ 3,563 $ 1,562 $ 36.28 $ 8.48 Adjustments: Net realized investment gains (losses)(1)(2) (8) 4 (0.08) 0.02 Market impact on non-traditional long-duration products(1)(2) (366) (215) (3.73) (1.17) Mean reversion-related impacts(1)(2) 1 (13) 0.01 (0.07) Market impact on hedges on investments(1)(2) — (21) — (0.11) Integration/restructuring charges(1)(2) — (5) — (0.03) Tax effect of adjustments(2) 78 88 0.79 0.48 Adjusted operating earnings $ 3,858 $ 1,724 $ 39.29 $ 9.36 Pretax impact of annual unlocking (6) 42 (0.06) 0.23 Tax effect of annual unlocking(2) 1 (15) 0.01 (0.08) Adjusted operating earnings, excluding unlocking $ 3,863 $ 1,697 $ 39.34 $ 9.21 16% Weighted average common shares outstanding: Basic 96.7 181.7 Diluted 98.2 184.2 2015 has not been restated for LDTI accounting standard that went into effect in January 2023 (1) Pretax adjusted operating adjustment (2) 2025 Calculated using the statutory tax rate of 21%. 2015 Calculated using the statutory tax rate of 35%.
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Reconciliation Tables 32© 2026 Ameriprise Financial, Inc. All rights reserved. Advice & Wealth Management Net Pretax Adjusted Operating Margin Full Year Full Year (in millions, unaudited) 2015 2025 Adjusted operating net revenues $ 5,013 $ 11,741 Pretax adjusted operating earnings $ 859 $ 3,411 Pretax adjusted operating margin 17.1 % 29.1 %
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Reconciliation Tables 33© 2026 Ameriprise Financial, Inc. All rights reserved. Asset Management Net Pretax Adjusted Operating Margin Full Year (in millions, unaudited) 2025 Adjusted operating net revenues $ 3,621 Less: Distribution pass through revenues 795 Less: Subadvisory and other pass through revenues 408 Net adjusted operating revenues $ 2,418 Pretax adjusted operating earnings $ 1,016 Less: Adjusted operating net investment income 60 Add: Amortization of intangibles 36 Net adjusted operating earnings $ 992 Pretax adjusted operating margin 28.1 % Net pretax adjusted operating margin 41.0 %