Ameriprise Financial Investor Presentation — July 2022

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© 2022 Ameriprise Financial, Inc. All rights reserved.Ameriprise Financial

Second Quarter 2022 Conference Call

July 27, 2022© 2022 Ameriprise Financial, Inc. All rights reserved. 2Forward-looking statements

Some of the statements made in our July 26, 2022 earnings release and/or in this July 27, 2022 presentation constitute forward-

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

July 27, 2022. 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 these

forward-looking statements is set forth under the heading "Forward-looking statements" in our July 26, 2022 earnings release, a

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

Annual Report on Form 10-K for the year ended December 31, 2021. 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 July 27, 2022 and

may be revised in our Form 10-Q for the quarter ended June 30, 2022.

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 and can be found on our website at www.ir.ameriprise.com. © 2022 Ameriprise Financial, Inc. All rights reserved. 3Consolidated Second Quarter 2022 Results

GAAP Q2 2022 Q2 2021 Over/(Under)

Net Revenues ($M) $3,508 $3,418 3%

Expenses ($M) $2,553 $2,697 5%

Net Income ($M) $756 $591 28%

Diluted EPS $6.61 $4.88 35%

ROE, ex. AOCI (1)57.0% 19.5% NM

Adjusted Operating Q2 2022 Q2 2021 Over/(Under)

Net Revenues ($M) $3,479 $3,387 3%

Expenses ($M) $2,639 $2,606 (1)%

Earnings ($M) $665 $639 4%

Diluted EPS $5.81 $5.27 10%

ROE, ex. AOCI (1)48.8% 37.5% 1,130 bps

Current year GAAP results include the impact of integration costs from the acquisition of BMO EMEA. Prior year GAAP results were negatively impacted by

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