Ameriprise Financial (AMP) risk factors, FY2025 10-K

Market Risks

1. 01Our results of operations and financial condition may be adversely affected by market fluctuations and by economic, political and other factors
2. 02Changes in interest rates may affect our results of operations and financial condition
3. 03Volatility, uncertainty and disruption in the capital and credit markets may decrease available liquidity, which we may need to run our business and pay dividends. If the market conditions hinder our availability to obtain capital or liquidity, our business could suffer

Business Risks

1. 04Intense competition, new technologies and the economies of scale for larger competitors could negatively impact our ability to maintain or increase our market share and profitability32% rewritten
2. 05A drop in our investment performance as compared to that of our competitors could negatively impact our revenues and profitability
3. 06We face intense competition in attracting and retaining key talent99% rewritten
4. 07A robust advisor network underpins our wealth management growth, requiring focused recruitment, retention, and succession planning as demographics shift. In asset management, delivering strong performance and sustaining client relationships depends on the strategic decisions of our portfolio managers and analystsNew
5. 08The negative performance or default by other financial institutions or other third parties could adversely affect us
6. 09We may not be able to maintain our unaffiliated third-party distribution channels and the sale of unaffiliated products may diminish sales of our own products
7. 10Our valuation of fixed maturity and equity securities may include methodologies, estimations and assumptions which are subject to differing interpretations and could result in changes to investment valuations that may materially adversely impact our results of operations or financial condition
8. 11The determination of the amount of allowances varies by investment type and is based upon our periodic evaluation and assessment of inherent and known risks associated with the respective asset class
9. 12Some of our investments are relatively illiquid and we may have difficulty selling these investments

Insurance Risks

1. 13If the counterparties to our reinsurance arrangements default or otherwise fail to fulfill their obligations, we may be exposed to risks we had sought to mitigate, which could adversely affect our financial condition and results of operations
2. 14The failure of other insurers could require us to pay higher assessments to state insurance guaranty funds
3. 15If our reserves for future policy benefits and claims or for future certificate redemptions and maturities are inadequate, we may be required to increase our reserve liabilities, which would adversely affect our results of operations and financial condition
4. 16Our insurance profitability relies on our assumptions including those regarding morbidity rates, mortality rates and benefit utilization as well as the future persistency of our insurance policies and annuity contracts

Operations Risks

1. 17A failure to protect our reputation could adversely affect our businesses
2. 18The direct and indirect effects of climate change could adversely affect our business and operations, both directly and as a result of impacts on our clients, counterparties and entities whose securities we hold
3. 19Protection from system interruptions and operating errors is important to our business. If we experience a sustained interruption to our telecommunications or data processing systems, or other failure in operational execution, it could harm our business
4. 20Risk management policies and procedures may not be fully effective in identifying or mitigating risk exposure in all market environments, products, vendors, or against all types of risk, including employee and financial advisor misconduct30% rewritten
5. 21As a holding company, we depend on the ability of our subsidiaries to transfer funds to us to pay dividends and to meet our obligations
6. 22The operation of our business in foreign markets and our investments in non-U.S. denominated securities and investment products subjects us to exchange rate and other risks in connection with international operations and earnings and income generated overseas
7. 23The occurrence of natural or man-made disasters and catastrophes could adversely affect our results of operations and financial condition
8. 24We face risks arising from acquisitions and divestitures

Legal, Regulatory and Tax Risks

1. 25Legal and regulatory actions are inherent in our businesses and could result in financial losses or harm our businesses
2. 26Our businesses are heavily regulated, and changes to the laws and regulations applicable to our businesses may have an adverse effect on our operations, reputation and financial condition
3. 27As a Savings and Loan Holding Company, we are subject to supervision by the FRB and various prudential standards that may limit our activities and strategies
4. 28Changes in corporate tax laws and regulations and changes in the interpretation of such laws and regulations, as well as adverse determinations regarding the application of such laws and regulations, could adversely affect our earnings and could make some of our products less attractive to clients
5. 29We may not be able to protect our intellectual property and may be subject to infringement claims
6. 30Changes in and the adoption of accounting standards could have a material impact on our financial statements