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Cover and table of contents

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Cover and table of contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM10-Q
☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period EndedJune 30, 2026
OR
☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Transition Period from_______________________to_______________________
Commission File No.1-32525
AMERIPRISE FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
Delaware13-3180631
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1099 Ameriprise Financial CenterMinneapolisMinnesota55474
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code:(612)671-3131
Former name, former address and former fiscal year, if changed since last report:Not Applicable
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common Stock (par value $0.01 per share)AMPNew York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer☒Accelerated Filer☐Non-accelerated Filer☐Smaller reporting company☐Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
ClassOutstanding at July 24, 2026
Common Stock (par value $0.01 per share)88,333,219 shares

Index

AMERIPRISE FINANCIAL, INC.

FORM 10-Q

INDEX

Part I. Financial Information3
Item 1. Financial Statements (Unaudited)3
Consolidated Statements of Operations — Three and six months ended June 30, 2026 and 20253
Consolidated Statements of Comprehensive Income — Three and six months ended June 30, 2026 and 20254
Consolidated Balance Sheets — June 30, 2026 and December 31, 20255
Consolidated Statements of Equity — Three and six months ended June 30, 2026 and 20256
Consolidated Statements of Cash Flows — Six months ended June 30, 2026 and 20257
Notes to Consolidated Financial Statements9
1.Basis of Presentation9
2.Recent Accounting Pronouncements9
3.Revenue from Contracts with Customers10
4.Variable Interest Entities15
5.Investments20
6.Financing Receivables24
7.Deferred Acquisition Costs and Deferred Sales Inducement Costs29
8.Policyholder Account Balances, Future Policy Benefits and Claims30
9.Separate Account Assets and Liabilities40
10.Market Risk Benefits41
11.Debt46
12.Fair Values of Assets and Liabilities47
13.Offsetting Assets and Liabilities58
14.Derivatives and Hedging Activities60
15.Shareholders’ Equity65
16.Income Taxes67
17.Contingencies68
18.Earnings per Share69
19.Segment Information69
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations73
Item 3. Quantitative and Qualitative Disclosures About Market Risk99
Item 4. Controls and Procedures102
Part II. Other Information103
Item 1. Legal Proceedings103
Item 1A. Risk Factors103
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities103
Item 5. Other Information103
Item 6. Exhibits104
Signatures105

Index

AMERIPRISE FINANCIAL, INC.

PART I. FINANCIAL INFORMATION

Next: Item 1. FINANCIAL STATEMENTS (UNAUDITED)