Ameriprise Financial Investor Presentation — October 2021

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© 2021 Ameriprise Financial, Inc. All rights reserved.Ameriprise Financial

Third Quarter 2021 Conference Call

October 27, 2021© 2021 Ameriprise Financial, Inc. All rights reserved. 2Forward-looking statements

Some of the statements made in our October 26, 2021 earnings release and/or in this October 27, 2021 presentation constitute

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

as of October 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 these

forward-looking statements is set forth under the heading "Forward-looking statements" in our October 26, 2021 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, 2020 as well as our Quarterly Report on Form

10-Q for the quarter ended June 30, 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 second quarter earnings release and/or

in this presentation are based upon asset valuations that represent estimates as of October 27, 2021 and may be revised in our

Form 10-Q for the quarter ended September 30, 2021.

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. © 2021 Ameriprise Financial, Inc. All rights reserved. 3GAAP Q3 2021 Q3 2020 Over/(Under)

Net Revenues ($M) $2,903 $3,003 (3)%

Expenses ($M) $1,633 $3,187 49%

Net Income ($M) $1,031 $(140) NM

Diluted EPS $8.65 $(1.14) NM

ROE, ex. AOCI (1)41.7% 30.6% 1,110 bps

Adjusted Operating Q3 2021 Q3 2020 Over/(Under)

Net Revenues ($M) $3,515 $2,977 18%

Expenses ($M) $2,665 $2,750 3%

Earnings ($M) $699 $184 NM

Diluted EPS $5.86 $1.47 NM

ROE, ex. AOCI (1)47.8% 29.6% 1,820 bps

Adjusted Operating, excluding unlocking (2)Q3 2021 Q3 2020 Over/(Under)

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