Ameriprise Financial : 2024 Responsible Business Report

At Ameriprise Financial, our mission is to help people feel confident about their financial future. We have excelled for 130 years because of our dedicated team and steadfast commitment to our values: Client-focused; Integrity always; Excellence in all we do; and Respect for individuals and the communities in which

we live and work.

• We have a long track record of serving our clients extremely well, operating effectively and growing in a dynamic industry.
• Ameriprise successfully navigated the uncertain and rapidly evolving economic and operating environment in 2023, demonstrating the benefits and combined strength of
  our complementary businesses, financial foundation and risk management.
• Our team executed our strategic priorities well and again delivered strong business results and shareholder value while maintaining excellent client satisfaction and employee engagement.

Essential to our longevity and success are our consistent focus on all of our stakeholders and our ability to manage Ameriprise responsibly.

Ameriprise continues to receive meaningful external recognition for how we work together and operate the business.

• In 2023, Ameriprise was again recognized as one of the most trusted firms, a leading employer for diversity and disability inclusion, as well as a military-friendly firm.
• We were also included in multiple sustainability- related indices and rankings, including the FTSE4Good Index, Forbes' list of Best Large Employers in America, and The Wall Street Journal Management Top 250 list for 2023.

In this 2024 Responsible Business Report, we discuss our sustainability priorities across five themes: values-drivenfirm, responsible investor, sound governance, environmental steward and community impact. Additional information and sustainability-relateddata are also available on ameriprise.com.

In closing, at Ameriprise, we work diligently to serve our clients' needs and manage our business responsibly. We appreciate your interest in our firm.

Sincerely,

JAMES M. CRACCHIOLO

James M. Cracchiolo

Chairman and Chief Executive Officer

Clients rate Ameriprise

4.9 out of 5

in overall satisfaction and

"always putting my interests first"

Columbia Threadneedle

113 and

Morningstar-rated funds globally

Ameriprise has been

recognized by J.D. Power

for providing "an outstanding customer service experience" for phone support for advisors for

five consecutive years

At Ameriprise, our diversified business is built on long-term relationships with clients. We

play an important role in serving the financial needs of more than 2 million individual investors, institutions and small businesses. This includes those who are saving and investing to reach their financial goals, including the retirement they envisioned, protecting what matters most and leaving a legacy. Our clients are also pension funds, sovereign funds and other institutional investors across the globe who entrust us to manage their assets.

Together, our complementary businesses reinforce these critical relationships and include:

• A leading wealth manager and a longstanding leader in financial planning and advice in the
  U.S.
• Our bank, which adds to the capabilities clients and advisors can deploy to reach their goals
• A global asset manager investing on behalf of individuals and institutional investors in our key markets
• Differentiated annuity and insurance businesses that provide stability and help meet clients' retirement income and protection needs

Given our extensive capabilities, distribution reach and leadership positions, we engage with multiple stakeholders. These include Ameriprise clients, employees and advisors, shareholders, regulators, research organizations, and others who are seeking to understand performance factors that underpin our long-term business success and sustainability.

Our sustainability reporting helps us engage with stakeholders constructively and further demonstrate how we manage the business responsibly.

Stakeholders

• Clients and policyholders
• Employees and contractors
• Ameriprise financial advisors
• Investors in Columbia Threadneedle and RiverSource products
• Shareholders of Ameriprise
• Portfolio companies of Columbia Threadneedle
• Regulators and rating agencies
• Suppliers
• Community organizations, grantees and non-governmental organizations
• Other financial institutions and businesses

This enables us to stay focused on meeting the needs of our clients, advisors, employees, shareholders and other stakeholders in both the near and long term.

• Strong ratings and risk management
• High-quality,AA-rated investment portfolio
• Strong liquidity with nearly $2 billion at the holding company
• Effective hedging program
• Appropriate debt levels
• Excellent 90%+ free cash flow generation
• Ability to invest for growth and return capital to shareholders at a differentiated rate

Our financial strength underpins our commitments and allows us to continue to invest in the business throughout market cycles.

$1.4 trillion

in assets under management and administration

Consistent, attractive shareholder value creation

Values-Driven Firm

Our values: Client focus, integrity always, excellence in all we do, and respect for individuals and communities in which we live and work. Our culture of caring and our people are central to our long-termsustainability.

Read more.

Responsible Investor

Our financial strength, steady investment and robust enterprise risk management are critical elements of our ability to meet client needs and generate and preserve shareholder value.

Read more.

Sound Governance

Ameriprise and our stakeholders are well served by our extensive governance, capabilities, systems and policies. This includes our strong tone at the top and culture of compliance, as well as our corporate governance framework of independent oversight by our Board of Directors.

Read more.

Environmental Steward

We manage our environmental footprint responsibly, and as a financial services firm, Ameriprise is a low direct greenhouse gas (GHG) emitter. We have earned top ENERGY STAR ratings for the actions we implemented to improve energy efficiency.

Read more.

Community Impact

We strive to improve the communities where we live and work. Through strategic grantmaking, volunteerism and global gift matching, Ameriprise supported a diverse group of more than 7,800 nonprofits across the U.S., UK and other markets in 2023.

Read more.

Client focused

Ameriprise is built on serving and satisfying clients; meeting their needs is our top priority.

Integrity always

Our people strive to uphold the highest standards of integrity and stand behind what we say and do.

Excellence in all we do

We provide world-class service and innovative products and solutions, and we hold ourselves accountable for our actions and the company's results.

Respect for individuals and for the communities in which we live and work

Our people are key to our success - respecting each other; growing professionally; valuing diversity; equity and inclusion, and working as a team to achieve our goals. We develop our people, reward performance and strengthen our communities by giving to organizations that our employees and advisors support with their money and time.

"I choose to work at Ameriprise Financial because of its core values, work culture and brand value."

2023 AMERIPRISE EMPLOYEE ENGAGEMENT SURVEY RESPONSE