Ameriprise Financial Investor Presentation — April 2021

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Ameriprise Financial

First Quarter 2021 Conference Call

© 2021 Ameriprise Financial, Inc. All rights reserved.Forward- looking statements

2Some of the statements made in our April 26, 2021 earnings release and/or in this April 27, 2021 presentation constitute forw ard-

looking statements. These statements reflect management's estimates, plans, beliefs and expectations, and speak only as of

April 27, 2021. These forward- looking statements involve a number of risks and uncertainties.

A list of certain factors that could cause actual results to be materially different from those expressed or implied by any of t hese

forward -looking statements is set forth under the heading "Forward- looking statements" in our April 26, 2021 earnings release, a

complete copy of which is available on our website, and under the heading "Risk Factors" and elsewhere in our Annual Report on

Form 10- K for the year ended December 31, 2020. We undertake no obligation to update publicly or revise these forward- looking

statements for any reason. In addition, the financial results and values presented in our first quarter earnings release and/ or in

this presentation are based upon asset valuations that represent estimates as of April 26, 2021 and may be revised in our For m

10-Q for the quarter ended March 31, 2021.

Non-GAAP Financial Measures

This presentation contains certain non- GAAP financial measures, and the corresponding ratios, that our management feels best

represents the underlying performance of our core operations and facilitates a more meaningful trend analysis without the distortion of various adjustment items. Reconciliations of such non -GAAP financial measures to the most directly comparable

GAAP financial measure have bene provided along with the presentation and can be found on our website at

www.ir.ameriprise.com.

© 2021 Ameriprise Financial, Inc. All rights reserved.3GAAP Q1 2021 Q1 2020 Over/(Under)

Net Revenues ($M) $3,350 $3,001 12%

Expenses ($M) $2,857 $650 NM

Net Income ($M) $437 $2,036 (79%)

Diluted EPS $3.58 $15.88 (77%)

ROE, ex. AOCI (1)(1.1%) 59.5% NM

Adjusted Operating Q1 2021 Q1 2020(2) Over/(Under)

Net Revenues ($M) $3,254 $2,951 10%

Expenses ($M) $2,475 $2,299 8%

Earnings ($M) $663 $694 (4%)

Diluted EPS $5.43 $5.41 0%

ROE, ex. AOCI (1) 29.9% 39.7% (980 bps)

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