Ameriprise 2010 Annual Report Download - page 10
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8
2010
Introduced MORE WITHIN REACH®brand platform
And, we were one of the rst nancial services
companies to re-establish a share buyback program,
returning more than two-thirds of our 2010 earnings
to shareholders. This long-term strength, coupled
with our enduring commitment to re-engineering and
expense management, enabled us to emerge from
that difcult period in excellent nancial condition.
Today, with more than $1.5 billion in excess capital,
low indebtedness, a high-quality investment portfolio,
effective risk management and continuing expense
control, our operating foundation remains bedrock.
Looking ahead: Well-positioned for
sustainable growth
We have one of the nation’s largest advisor forces
and a three-million-strong client base. We have a
vital brand, and we are ideally suited to meet the
growing consumer demand for nancial advice. We
offer an exceptional breadth and depth of appealing
products. Our higher-return, less-capital-demanding
businesses are leading our growth. And we have the
nancial strength and exibility to invest and grow
when opportunities arise. In short, I feel good about
our position.
Five years ago, when we set out on our journey as
a public company, we could not have foreseen the
historically challenging times ahead, but we prepared
the company to be resilient, to thrive across market
cycles. While the nancial crisis of 2008-2009 may
have temporarily delayed our growth trajectory, we
have emerged stronger than ever — with a record
year and many accomplishments in 2010 — and are
poised for continued success in the years ahead.
I often remind people that at Ameriprise, we’ve “stuck
to our knitting.” That means we made a plan, and
we’ve continued to execute it, resisting temptation
to chase risky gains and avoiding calamity. With the
strength of our current position, we need only to stick
Leadership
No. 1 nancial planning
rm in the U.S.
No. 2 mutual fund
advisory program in
assets
No. 5 branded advisor
force in the U.S.
No. 6 variable universal
life insurance provider
No. 7 long-term mutual
fund assets in the U.S.
No. 9 variable annuity
provider
(see sources on page 10)