Thank Ameriprise quarter. you, Jim. delivered the in strong results
significant shareholder delivering growth make progress revenue, objectives equity. with to in continue We on return strong EPS, long-term our and in
particularly Strong the adjusted strong Overall Let over earnings appreciation of Management businesses. growth Ameriprise substantial top revenue XX% growth X. assets, and $X.XX, our the growth by growth Asset me you line X% up in the details quarter. in strong, in wrap EPS market through and client beginning operating drove Slide take quarter. up AWM in were XX% AWM. on in was fueled reported accounts,
will dividends. up I $XXX be well segment into vendor in was expenses on our of Management million credit each continue details up to go to with We relating revenue integration. more back on through to the and the and in G&A was and returned buyback across line our managed office front, completion expectations. X% stable firm revenue Annuities pages. with only and a from than subsequent Asset shareholders Protection’s middle, Expenses markets X%.
and February five past the of March, to level Given increased over share the the amount the highest lower we in price share repurchase quarters.
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the vendor X% appreciation, Asset from I Management strong acquisition market Lionstone earlier. as as of mentioned were financial Revenues performance well credit the remain very up strong.
consistent to in with range. be continue prudently points expectations rate basis Expenses In our basis addition, was XX XX fee managed. points the to the
Lionstone, in particularly G&A and margin XX% elevated included cost Europe. and the the increased regulatory of in of research acquisition strong We UK X% and Excluding delivered quarter.
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Let’s pretax flat increase $XXX closed declined product. distributed be though than than were appreciation at to of Variable annuities operating interest lower impact annuities on were flat Slide and in by due outflows, sales We’ve annuities year-over-year, increased but at X. earnings results to to a continue market $X balance block, lapses Variable both continue variable a seen also Equity reversion earnings that our was pace ago. account million slower in annuity parties. distributed turn third internally as to mean year Fixed our last as expected. year the a in annuities block rates XX% in million.
year, lower Turning so earnings see to the of in are expectations, Slide Life in offset the on claims Total in first Health uptick that quarter with interest declined pretax we improvement X% continued by an rates. Protection XX. from mortality a operating slight disability line pressure was impacted our in did the & Home sales losses income. which operating the by but in the typically results the Indexed good had X%. We momentum Auto Northeast. the quarter up In started cat were is $XX elevated & of product concentrated business were in we as Universal pretax million Life that for net
our the and enforced has This Home reduce of cancellation Colorado X% within one in quarter. affinity Home Texas our exposure policies We year-over-year declining the and continued of from partnerships. to resulted X% in
Let’s Slide turn to XX.
& earnings XX% made Asset the We businesses our the are continuing Wealth quarter. flow & supports to our for our Management, quarter. faster grow a generation. the Advice than Wealth at businesses in nearly with fee-based Management Management Insurance and Combining up Management shift pace & of Advice up Annuities. fee strong mix earnings the made Asset of has the cash This XX%
care of risk management Next I that would our the minutes adequacy a on above long-term reserve like few our drawn inferences businesses. been have framework to spend and
exposure. long-term regarding sophisticated As appetite, There our annual increases. understand share inform range scenarios. utilize that capital primary program as and the return comfortable are framework, care and part recommendation remain analysis manage ERM to to care ERM very and board just as our potential you’re and of with supports capability levers it quarterly of the well is framework aware that the our level obviously across make to of risk repurchase we stress our Long-term we have the testing our the is amount three And our the of developed dividend business.
home approved the has only we increases, The but reimbursement business, comprehensive to our rates indemnity early approach our rate since average XXX% active of taken increase on XX% a rate some cumulative increased balanced, nursing is business. on mitigated reserves. and XXXX. This premium have steadily First, build to need
investment managed we have portfolio. prudently here Second, income, our investment
will I which a into processes reserve bit our more Third, go in detail.
have a our care reviewing of rigorous annual process an diligent basis. We on long-term reserves
book a data. risk and increasing policy reserve as reflect characteristics the well claims as Our incredible features, business, levels of ever of
richer policies reserves. benefits have with So higher
independent our been in our adequacy. validate consulting complete we concerns have reserve with raised firm engage an orders, and We reviews had actuarial Also, our periodically no about conclusions. to
very the The adjustments reserves of changes with calculation. reserve the the reserves total have third the just our annual I incorporate been from into setting had of have Material over another and percentage years described. we data. each our small any deviation actuarial that year, changes approach of been not We XX our or using of year of In quarter consistent reserve. assumptions are process experience
have do experienced on expect We not nor business. to experience this increases reserve we sizeable
can say ability me confidently to our Let shareholders to I will capital very impact our return not long-term care be clear, consistently.
Ameriprise Slide which strong to with capital returned of capital and return generation strong. $XXX capital of billion cash quarter, to position flow quality, Ameriprise’s Also over our diluted the capability shareholders, X% future XX, Turning and our RBC we your we’ll With to remain excess million operating over In an balance quarterly XXX%. capacity. ratio was very $X.X take flow $X.XX sheet capital we commitment remains announced over of confidence XX% to an our reflecting and increase ongoing in of cash return dividend capital that share, questions. earnings. per our in of
