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Ameriprise Financial AMP Variable Universal Life Insurance — Capitalization of acquisition costs

Other product segments

Total, All Products
$46M+7.0%
Structured Variable Annuities
$23M+21.1%
Variable Annuity
$6M0.0%
Disability Income Insurance
$1M
Indexed Universal Life Insurance
$1M0.0%
Fixed Annuity
$0
Fixed Indexed Annuity
$0
Life Contingent Payout Annuities
$0-100%
Other Life Insurance
$0
Term and Whole Life Insurance
$0-100%
Universal Life Insurance
$0

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CINFUniversal life — Capitalized deferred policy acquisition costs
$0-100%
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FNFUniversal Life — Capitalization
$44.5M+17.9%
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FGUniversal life — Deferred Policy Acquisition Cost, Capitalization
$77M+11.6%
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HMNIndexed Universal Life — Capitalizations
$1.4M+75.0%
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FNFUniversal Life — Deferred Policy Acquisition Cost, Capitalization
$77M+11.6%
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BHFUniversal Life Insurance — Deferred policy acquisition costs and value of business acquired
$341M-6.3%

Other financials

Income statement

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Revenue$4.8B+10.5%
Net income$915.0M+56.9%
EPS (diluted)$9.68+66.0%

Balance sheet

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Cash & equivalents$9.4B+4.8%
Total debt$276.0M-14.3%
Total equity$6.2B+14.5%
Total assets$184.45B+3.0%

Cash flow

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Operating cash flow$459.0M-72.8%
CapEx$29.0M-19.4%
Free cash flow$430.0M-73.9%

Valuation

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Market cap$40.75B-16.1%
P/E10.5×-5.8×
P/S2.2×-0.6×

Profitability

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Net margin20.6%+3.4pp
FCF margin36.7%-1.6pp

Returns & leverage

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Return on equity66.9%+8.8pp
Debt / equity0.0×

Where this comes from

Reported directly by Ameriprise Financial in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCostsAdditions.

The official record: Ameriprise Financial’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ameriprise Financial's variable universal life insurance — capitalization of acquisition costs?
Ameriprise Financial (AMP) reported variable universal life insurance — capitalization of acquisition costs of $15M in Q1 2026.
How has Ameriprise Financial's variable universal life insurance — capitalization of acquisition costs changed year-over-year?
Ameriprise Financial's variable universal life insurance — capitalization of acquisition costs decreased by 0.0% year-over-year, from $15M to $15M.
What is the long-term trend for Ameriprise Financial's variable universal life insurance — capitalization of acquisition costs?
Over 4 years (2021 to 2025), Ameriprise Financial's variable universal life insurance — capitalization of acquisition costs has grown at a 3.5% compound annual growth rate (CAGR), from $54M to $62M.
What does variable universal life insurance — capitalization of acquisition costs mean?
This metric tracks the total incremental costs incurred during a period that are directly attributable to the acquisition of new insurance contracts. By capitalizing these costs, the company defers the immediate impact on earnings, spreading the expense over the life of the policy. It reflects the company's current investment in business growth within the variable life segment.