Ameriprise 2010 Annual Report Download - page 5
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3
2005
AMP began trading
on the NYSE
2005
Established the
Ameriprise Financial brand
net revenues were $9.6 billion, up 24 percent over
2009; earnings were $1.1 billion, an increase of 53
percent; and our return on equity was 12.3 percent, up
from 9.2 percent a year earlier.
We delivered record results in 2010 despite ongoing
challenges in the operating environment. While equity
markets improved, the S&P 500 Index ended the year
nearly 20 percent below its 2007 highs. And short-
term interest rates hovered near zero, which impacted
our ability to earn investment income. As our advisors
helped clients stay focused on their long-term nancial
goals, clients regained some condence; still, their
investing activity continued to be muted as they
remained cautious about the economy and markets.
Investors recognized our resilience and our results: The
price of Ameriprise Financial common stock increased
48 percent in 2010, signicantly outperforming broad
market indices and the S&P Financials Index, which
increased 11 percent for the year.
We are building a legacy of accomplishment, and
Ameriprise Financial today stands well positioned for
continued success. I would like to explain how each of
our business areas contributes to our results — and
to our bright future. We operate four segments: Advice
& Wealth Management, which comprises our advisory
business; Asset Management; Annuities; and Protection.
We are focused on growing our advisory and asset
management businesses and ensuring we have a
strong product suite to help our advisors maintain deep
client relationships. The Advice & Wealth Management
and Asset Management segments generate recurring
client fees and require signicantly less capital than
our other two segments, which in turn means that
those businesses can generate higher returns for
shareholders. We made good progress toward delivering
a higher earnings contribution from these segments
in 2010. Meanwhile, the Protection and Annuities
The MORE WITHIN REACH®brand platform means
that we listen to investors. We take the time to
understand their dreams and nancial goals.
Our Advisors.
Your Dreams.
Nancy
One of our 10,000 advisors
2005
2006
2007
2008
2009
2010
$400
$200
$100
0
$500
$300
$600
$700
$800
Owned, Managed and
Administered Assets
(in billions)
$428
$466
$480
$372
$458
$673