very you of operating firm to Ameriprise XX% across unlocking. Thank adjusted results strong delivered $X.XX, EPS financial Jim. the with excluding
and business year protection cash asset our flow is strategies. focused as mix XX% about cross environment. This and optimizing free our we execute in our wealth earnings, and well asset this remain the equity Retirement the our trends seeing Results flows, core quarter. in revenue, on pre-tax operating we in quarter and excellent levels fact, expansion wealth margin in delivered adjusted the continuation We new earnings. are earnings performed We growth all both businesses. have we and of and this our of trade-offs management shift, on we representing growth return risk-return In reached record robust strong been driving successfully a generate for management businesses.
sheet fundamentals achieve in putting balance excess return us with Our significant earnings on track quarter, allows to shareholders full capital Combined, Ameriprise our XX% of this consistently adjusted with to substantial year. capital. returned are excellent the for to target XX% operating the
Slide to X. turn Let’s
management important milestones are some wealth We growth and this our quarter. focused core hit and businesses, on in we asset
We and strategies up a nearly trillion of are XX% substantially, in these over seeing excellent the markets. AUM our Flows growth, representing a and up from XXX% flows have on improved of growth basis, $X.X ago XXX% in from execution year-to-date businesses. up these successful businesses each to year
$XXX where growth. nearly wealth of management profitable you delivering organic $X asset X, that can billion, Slide to to operating XX%. turn and we’re million, see with XX% in earnings pre-tax grew up Revenues Let’s
asset and growth. wealth XXX of up management growth, margin deliver basis management the year, with from wealth XXX blended our businesses last illustrating the from further operating growth ability basis earnings outpaced these expanded Importantly, management and basis leverage two XXX the for business, points asset and profitable up demonstrating points points, revenue to
Turning illustrates chart executing shift to success business Slide growth our and strategy. mix X, this clearly our
about XX% in have training and resulted technology, and billion as improve the earnings place beginning wealth to review using transactional leading asset Slide the Total segment of solutions. past driving $XXX an wealth is support the $XXX tools, Specifically, their advisors management were are assets X. and performance, integrated With activity. client years. let’s industry retirement from million on contribution over increased flows the This over the XX XX% to past overview, we that a management with strategies months. over The productivity stable coupled with individual up protection two businesses and and in has
advisor per advisor high across continued years. exceptional productivity reached Our Revenue up to the in growth XX% the cycles. force quarter, over deliver past of new a two market $XXX,XXX
billion by fueled a spread organic and coming Importantly, incremental management to that Wealth operating by to management us flows, Bank over the to results see and advisors growth transactional sweep experienced and flows from grew is fact, clients, in cash this pick into $X.X by primarily levels of management; our advisors, of translating this and robust as adjusted strategies the $XX activities, $XXX nearly X% delivering growth. in Ameriprise This are wealth the increase well spread client past appreciation. from XX million. organic the In quarter. on client level in we Adjusted wealth base points. cash adding over XX% up of XX% has and record adding assets rate compared was earnings we the to recruiting sweep On growth can pre-tax XX, increased to In quarter. revenues as XXX management in X% two allowing wealth deposits. quarter, XXXX. in are complemented after billion the years assets wealth pleased earnings new sheet points off-balance improved is balance annualized are total, for moving you basis compared an the in sheet of that to existing to Page additional revenue $X penetrating basis management growth also bank for XX% excellent financial operating bank earnings average net cash their reached the our onto billion market
as well in lending products, advisor G&A we increased traction XXXX. seeing was of addition, In substantial growth are is the X% and basis largely including operating our fourth Expenses sequentially. year since the expense was in remain gaining points and managed. the good product discipline. quarter, prior banking quarter activity-based pledge launched our offset expense In pre-tax XXX base basis increase an with that margin performance-based higher was from compensation by the XXX adjusted expenses XX.X%, of points
XX, Slide being asset on success to is management turn significant realized. also Let’s where
management XX%. under Over the assets past two increased years,
growth shift a also from this rate saw We net organic in year. to XXXX outflows flow a X%
saw seeing positive both retail XX management Jim though basis strong. institutional like and our we relative performance, we As bit a investment distribution of the the XXX remains our a by months, and operating peers two in XX.X%, leverage last are trailing mentioned, months significant supported margins channels, over flows for during summer industry, across points years. The is with position among excellent slowdown of the asset the up
operating grew performance XX, Turning appreciation, result generated benefit to a see asset the to revenues $XXX trends market in fees. XX% you increased a Page cumulative of basis, million, these of financial excellent inflows, revenues On management. X%. Adjusted net and performance sequential
XX% to delivered Pre-tax strong compensation our expense related grew as earnings translation. as Importantly, expectations, rate in from and and with were exchange line at strong costs stable growth. up variable the Expenses G&A $XXX fee business XX other XX% revenue performance, basis points. and operating managed adjusted we XX% margin. remains given primarily to expenses well well million, foreign and remain a
continue the to remain flow the over the in these continued anticipate near by mid-XX% markets range in financial term, strong that expect at we equity levels. performance driven forward, and will momentum Moving margins
As the on a acquisition are quarter. close the strategic Jim we significant perspective BMO EMEA fourth capabilities and in drive business track from This to improved will fundamentals add going forward. mentioned, transaction
the client the strong withdrawals. behavior unlocking with flow. a cash that line as to substantial continued in risk in immaterial, results Page impacts in turn continue prior shift million retirement levels, towards down profitability underlying sales, sales a a were results of business interest protection from in lower from lower a with non-guaranteed unlocking, and earnings were ago. generation estimates. were of year surrenders to as and saw rates resulting in total, mix reflect excluding the operating $XXX and Pre-tax year retirement prior continued free Retirement solutions from differentiated million Let’s whereas profile increased reflect quarter year We $XXX protection performance, and Current In excellent lower year from consistent products. benefited well sales pick-up quarter XX. products adjusted
trends living the Account of overall guarantees. from represent another XXX with with products of increased down quarter, sales only XX% benefit living both sales the in without book the VUL value with account in protection This year. past XX% products last are variable protection and sales. by in similar up points balance now, in During annuity retirement the higher XX% XX%, to continue. sales basis margin mix We sales driven had for year benefits expected
business. provided in long appendix our our on this annual term Additionally, presentation, of we care have the update
You continues claims will premium business are policy in additional and we rate observe from continues count to decline expectations book to perspective. the garnering line the perform that as ages, The increases. with a
of the assumptions. and that to experience, expectations. in credible I not in did term will XX% performance approximately our COVID-XX morbidity extensive and actual into mortality related long Now continues improvements substantial line our or we Overall, recent has to book note incorporate be with
XX. transactions these context Slide to be our you how it additional would have view turn annuity of helpful announcements, business. Let’s felt light as announced insurance to the to I In the and space. in In relates seen quarter, we it provide
has and with risk As capability indicated, a client and driven coupled has we our financial generation, I&A free cash sustainable with driver low profile. results of a flow believe a valuable solution business this Jim nature of part superior The is asset of value this our predictable that sale. approach record business, generated of of consistent, creation. product financial the the as is all been track prudent clients has in the a behavior resulting The proven our sale building aspects in of reflecting highly
product a benefits. taken and well to for asset requiring as rates, features, approach as including have guarantees credit conservative We living allocation
has avoiding our XX% effectiveness with industry the in seen program cycles last over well and across industry, from market race time performed levels past economic market the sales decade, over We the time arms five years. and share have maintained to hedging consistent the
Finally, have to profile prudent risk the actions of taken business. and we the appropriate manage
XXXX For protection reactions successfully and example, with increased we and premium our in implemented stopped sales of have reinsurance partner. LTC LTC
sold and in a XX% sales. home also benefit This reinsured approach our with auto cash exceeding living prudent margins has consistent resulted flow return consistent and free with capital annuity our stable reduced businesses, We business, pre-tax on XX% and have fixed and earnings generation.
fundamentals risk-based years. a and investment sheet best-in-class is strong portfolio in with over balance strong are performance industry many high the capital This ratio. quality Our
and summary, capital, capital well valuable amount lower peers. We have only we It demonstrated very this a is is of superior In our business net and earnings. paid, than return and our dividends ratios, at substantially now on is positioned. risk are XX%
demonstrated that to is the managed with that have to make our We updates. shareholder well being position of we profile from very continue to aspects annual strength With exposure decisions best said, we creation. will and drive all value of a options minor the evaluate unlocking completed
Now let’s delivered strong sheet, move we to the area have results. balance another
capabilities It business company billion the fundamentals are deliver capital of a Our where we flow investment We in available the strong have $X.X quarter. portfolio level maintain hedge shareholders. fundamentals our differentiated end excess segments. $X.X allow prudently risk quality We strategy. starts and us double-A-minus the consistent our to in to These at of an substantial highly manage manage what of capital of return effective credit overall of a credit risk to of had balance each holding cornerstones with liquidity billion we management sheet generate and how and cash do. free we and
on and I we are to we to our XX% shareholders XX% full the track year. hit the of quarter, As returned in target for mentioned, earnings
our over capital years. have consistently executed the We return
to with past declined years, over Our compensation the XX% shares programs. the share even fund count issuing share-based five
forward. share across Combined, differentiated X%. year and flow. level alone, flexibility. to have fundamentals we the substantial us capital delivering attributes returns strong and delivered to your balance questions. liquidity capital count summary, that, conservatively cash our we the businesses sheet position We substantial these manage past going declined Over shareholders the will take of continue free In a With