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Ameriprise Financial AMP Variable Universal Life Insurance — Separate account liabilities

Other product segments

Variable Annuity
$63.24B-0.3%

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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:SeparateAccountsLiability.

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 — separate account liabilities?
Ameriprise Financial (AMP) reported variable universal life insurance — separate account liabilities of $10.9B in Q1 2026.
How has Ameriprise Financial's variable universal life insurance — separate account liabilities changed year-over-year?
Ameriprise Financial's variable universal life insurance — separate account liabilities increased by 13.0% year-over-year, from $9.65B to $10.9B.
What is the long-term trend for Ameriprise Financial's variable universal life insurance — separate account liabilities?
Over 2 years (2023 to 2025), Ameriprise Financial's variable universal life insurance — separate account liabilities has grown at a 12.8% compound annual growth rate (CAGR), from $33.18B to $42.22B.
What does variable universal life insurance — separate account liabilities mean?
These are liabilities associated with assets held in separate accounts for the benefit of variable life insurance policyholders. The company does not bear the investment risk for these assets, as the performance is passed directly to the policyholder. This metric represents the total value of policyholder funds managed within these segregated accounts.