Ameriprise Financial Investor Presentation — July 2019 - Ameriprise Financial

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Ameriprise Financial

Second Quarter 2019 Conference Call

Some of the statements made in our July 24, 2019 earnings release and/or in this July 25, 2019 presentation constitute

forward -looking statements. These statements reflect management's estimates, plans, beliefs and expectations, and

speak only as of July 25, 2019. 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 o f

these forward -looking statements is set forth under the heading "Forward -looking statements" in our July 24, 2019

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, 2018. 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 second quarter earnings release and/or in this presentation are based upon asset valuations that

represent estimates as of July 24, 2019 and may be revised in our Form 10 -Q for the quarter ended June 30, 2019.

Non-GAAP Financial Measures

This presentation contains certain non -GAAP financial measures that our management feels best reflect the underlying

performance of our operations. Reconciliations of such non -GAAP financial measures to the most directly comparable

GAAP financial measure have been provided along with the presentation.

Net Revenues ($M) $3,245 $3,196 2%

Expenses ($M) $2,658 $2,648 ---

Net Income ($M) $492 $462 6%

Diluted EPS $3.57 $3.10 15%

ROE, ex. AOCI 33.1% 29.6% 350 bps

Adjusted Operating Q2 2019 Q2 2018 Over/(Under)

Net Revenues ($M) $3,247 $3,147 3%

Expenses ($M) $2,574 $2,513 (2%)

Earnings ($M) $560 $530 6%

Diluted EPS $4.06 $3.56 14%

ROE, ex. AOCI 37.1% 30.4% 670 bpsQ2 2019 Business &

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