Ameriprise 2010 Annual Report Download - page 4
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We’ve adhered to these principles, and our
consistency has paid off. We’ve grown our client base
and assets tremendously, with total owned, managed
and administered assets reaching $673 billion and
2010 earnings surpassing $1 billion. Our client and
advisor retention are very high. Our brand is now
widely recognized and was untarnished throughout
the nancial crisis. And our operating foundation —
marked by signicant excess capital, a high-quality
investment portfolio and a continuous focus on
expense management — has allowed us to thrive
through challenging times.
During the past ve years, we invested approximately
$4 billion in Ameriprise Financial — to establish
a public company, to increase the strength of our
businesses and for strategic acquisitions. The
business has generated sufcient capital to fund
these investments and also to provide signicant
returns for our shareholders. In fact, we also returned
more than $3 billion to shareholders in the form of
stock repurchases and dividends.
2010: A record year, building on a legacy
of accomplishment
In 2010, we continued to move the company forward
in many meaningful ways: We completed an important
acquisition to establish critical scale in our asset
management business; we helped our advisors
acquire more clients and become more productive;
and we further solidied our balance sheet, which was
already among the strongest in the industry. Our many
accomplishments enabled us to surpass pre-crisis
protability levels, even with continuing economic and
market challenges. In fact, we nished the year with
our strongest nancial results ever, a testament to the
earnings power of our business.
Our earnings, revenues and return on equity all
reached new highs in 2010. On an operating basis,
Ameriprise Financial celebrated its fth
anniversary as a public company in 2010.
Some highlights follow.
2005
2006
2007
2008
2009
2010
0
$6
$4
$8
$2
$10
Operating Net Revenues
(in billions)
$7.1
$7.9
$8.5
$7.7
$7.7
$9.6
2005
2006
2007
2008
2009
2010
0
$3
$2
$4
$1
$5
Operating Earnings
Per Diluted Share
$2.63
$3.35
$3.91
$2.32
$3.08
$4.38