Ameriprise Financial Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. The company reported fourth quarter 2012 net income from continuing operations attributable to Ameriprise Financial of $388 million or $1.80 per diluted share compared to $223 million or $0.95 per diluted share a year ago. Fourth quarter 2012 operating earnings were $367 million or $1.71 per diluted share compared to $308 million or $1.31 per diluted share a year ago. Fourth quarter 2012 operating net revenues increased 6% from a year ago to $2.6 billion driven by strong Ameriprise advisor client net inflows, increased client activity and market appreciation. Growth in revenue was partially offset by the decline in investment income from low interest rates as well as outflows in asset management. Pretax operating earnings were $443 million against $412 million a year ago. Adjusted operating revenues were $428 million against $401 million a year ago. Adjusted operating earnings were $144 million against $126 million a year ago. Income from continuing operations before income tax provision was $418 million against $326 million a year ago. Income from continuing operations was $331 million against $268 million a year ago.

Operating total net revenues were $10,143 million against $10,050 million a year ago. Pretax operating earnings were $1,695 million against $1,704 million a year ago. Net income attributable to Ameriprise Financial was $1,029 million or $4.62 diluted per share against $1,116 million or $4.53 diluted per share a year ago. Operating earnings were $1,245 million or $5.59 diluted per share against $1,274 million or $5.17 per diluted per share a year ago. Return on shareholders' equity excluding accumulated other comprehensive income (AOCI) was 12.8% for the 12 months ended December 31, 2012 against 13.9% a year ago period. Operating return on equity excluding AOCI was 16.2% for the same time period against 16.0% a year ago period. Income from continuing operations before income tax provision was $1,238 million against $1,447 million a year ago. Income from continuing operations was $903 million against $1,070 million a year ago.