AMERIPRISE FINANCIAL INC (AMP) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Advice & Wealth Management	8,537	6,978	5,782		5,950	5,412	4,162
Asset Management	3,506	3,682	2,454	2,858	2,961	3,025	2,916
Annuities						2,148	2,130
Protection						921	2,195
Other	2,228	2,771	3,663	10,109	3,924
Total revenues	14,271	13,431	11,899	12,967	12,835	1,442	1,527	1,476
Revenue growth	6.3%	12.9%	-8.2%	1.0%	790.1%	-5.6%	3.5%	5.0%
Loss and loss adjustment expenses	1,372	716	1,806	2,576	2,302	2,233	2,646	2,261
Policy acquisition costs	208	124	277	179	322	267	415	354
Other operating expenses	9,311	9,050	7,985	7,980	7,482	-3,479	-3,125	-3,668
General and administrative	3,723	3,435	3,120	3,287	3,171	3,158	3,084	3,082
Equity in earnings
EBITDA	3,364	3,655	1,863	2,399	2,927	2,655	1,598	2,777
EBITDA margin	23.6%	27.2%	15.7%	18.5%	22.8%	184.1%	104.6%	188.1%
Depreciation	-40	98	207	183	198	234	248	248
EBIT	3,404	3,557	1,656	2,216	2,729	2,421	1,350	2,529
EBIT margin	23.9%	26.5%	13.9%	17.1%	21.3%	167.9%	88.4%	171.3%
Interest income, net [+]	222	207	0	0	245	207	0	387
Interest expense	198	191			245	207		387
Interest income	420	398			490	414		774
Other income (expense), net	-24	-16	13	15
Pre-tax income	3,182	3,350	1,831	2,232	2,484	2,214	1,591	2,142
Income taxes	623	590	297	339	386	734	278	455
Tax rate	19.6%	17.6%	16.2%	15.2%	15.5%	33.2%	17.5%	21.2%
Minority interest								125
Earnings from continuing ops	2,559	2,760	1,534	1,893	2,098	1,480	1,313	1,687
Earnings from discontinued ops				0	0	0	0
Net income	2,559	2,760	1,534	1,893	2,098	1,480	1,313	1,562
Net margin	17.9%	20.5%	12.9%	14.6%	16.3%	102.6%	86.0%	105.8%

Basic EPS	$22.99	$23.53	$12.39	$14.12	$14.41	$9.60	$7.90	$9.28
Diluted EPS	$22.51	$23.00	$12.20	$13.92	$14.20	$9.44	$7.81	$9.16

Shares outstanding (basic)	111	117	124	134	146	154	166	182
Shares outstanding (diluted)	114	120	126	136	148	157	168	184

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.