thank for you and us. morning Good joining
results capture well environment. I'll on the another solutions. share getting we're strong our morning, yesterday, larger and This and across I'll well saw of give to investing positioned Then Ameriprise executing business. perspective the you you As operating need the the advice and traction growth are for for highlight We're quarter. delivered my
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average our relatively was equity unchanged. So index weighted
the reinforcing areas review by our in three results start key let's of business quarter. I'll focus. Next,
Wealth clients stand results continues our before, our business after First, value is position climate, serve producing more In to and relevant strong our and needs Management today's and quarter to advisors strengthening out of further. we're proposition our ever more than innovating quarter. advice
and and Second, serve are we we cash consistently Management Insurance generate important role These businesses deliver Annuity clients. our that well play Asset managed, businesses. highly flow good how our profitable in free returns with and an strong
steps financial strength distinguishes further we've our increase and to our Ameriprise flexibility. Third, capital taken
attractive shareholders very levels. We capital and are returning steadily growth to at investing for
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driving traction some are factors Management. in Wealth key our There
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in Here on areas. of are four Highlights our these key initiatives
alive Our clients work as with more advice coming capabilities digital as and of confident part out additional our we retirement experience continue is rolling approach.
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advisory program, months. based giving a client of advisory under our our in With a capability as solutions to In together deliver key and business, completed and various rollout way flexibility is advisors our relationship platform more we one goals. next more on will base. investments work be client the integrated serve is advisory this strategies customer This personal the technology affluent on few
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a mortgage will ahead, a product program be and Looking next new adding savings we year.
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integrate who other provide whenever simply have point individual Ameriprise for our a introduce of to important advisors tools into real joined and we this them it's with I that capabilities, often is ecosystem. tools. fully hear And differentiation advisors who from we that note us firms compared to new
a INA adjusted are our to the quarter, to a turn earnings unlocking. From annuity combined reflecting variable strong a in Let's were of the million in In growth launch and X% earlier provide stability. VUL businesses. $XXX excluding operating nice delivered VUL perspective, sales this These in books up earnings the sales a year. sales In product had quarter. diversification we we new Protection
life driven environment. by sales this rate down, were However, IUL in total
and product lowering continue environment sales right including our book. we and to the IUL have Overall, VA risk several hedging which rates also we remained on and products for stable annuities. program, changes benefit designed managing variable cap successful helped to the certain appropriately includes adjustments for We've enhance. our made that the on and We're product pricing replenish ensuring focusing
taking terms are our helping rate offset benefit and to actions driving care closed-long-term regard rate block, the positive strong in of to increases we're the results In changes and environment.
blocks rates As reinsure look and you when the remainder of a portion to improve. fixed of the we've the know, reinsured annuity book
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an competitive than competing progress. as our funds of asset X, the over X-year remains and player time outperforming marketplace, outperformance income, and in quite highly frames. a good we're weighted In more basis, XX%. and equity fixed long-term X is a XX% performance are over Investment making On
$X parent from the and were outflows flows, outflows adjust ago the positive. we to in billion; you with quarter, billion improved for they Turning if former of net $X.X have slightly year
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good mortgage improved opportunities. Redemptions and in municipal strategies. and flow When at would momentum have I Threadneedle we're generating have rates Columbia highlight income we active our income, equity strategic peers, slowed look considerably. rates to strategic dividend income, compared retail
we third In are benchmark ourselves the in fact, players against. active of we top
have flow the this In further. For the an slowing industry. to rate challenges Brexit and flows to continues move pressured opportunity is there our retail fixed and from improve EMEA, for economies income,
key in market our strength on We continue remain our focused in in on to and expand presence UK the Europe. building markets
income reflected management outflows equity quarter large established from mandate benefit quarter. that wealth last an the of a Importantly, in the I institutional for mentioned UK
began other to we and strategies. pick Ameriprise to good. addition, $XXX some other earnings management high yield quarter billion Overall, contribution Asset remain the ended under our Management, In the assets in in wins up at and
adjusted We XX%, which at are and expenses range. in targeted our well managing an margin delivered is
and generate As and competitive performance we investment further investment better improve operational to working solutions strategies, our look forward, consistent efficiency. deliver we client are
capital Now differentiator. a I'll to strength, clear our turn
securing smooth As Auto business, the We of transition all month. you this a worked are Ameriprise hard ensure successfully approvals. earlier the completed Home regulatory and aware, including we sale to of
and partner good fit delivered. Our policyholders priority a to strong employees, for we a and was find and
the we October excess capital, over of received $X Auto With billion our million adding and up Xst, of and to of position. Home strong completion the on capital $XXX sale freed
that and to substantial free We generating cash shareholders. we're continue flow growth on to reinvesting focus for returning
quarter, good price we able XXX% for we increased operating in the period. pick our a to earnings up to shares. quarter As adjusted Ameriprise. additional In you, Due in the the in were the we quarter, summary, share was very a nearly buyback it of informed volatility returning
in and we're our executing We strong are plans. a position
before it With questions. to that, turn taking Walter? your Walter I'll
