AMERIPRISE FINANCIAL INC
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
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Goodwill and Other Intangible Assets
- Goodwill and Other Intangible Assets
Goodwill and intangible assets deemed to have indefinite lives are not amortized but are instead subject to impairment tests.
The changes in the carrying amount of goodwill reported in the Company’s reportable segments were as follows:
| Advice & Wealth Management | AssetManagement | Retirement & Protection Solutions | Consolidated | |
|---|---|---|---|---|
| (in millions) | ||||
| Balance at January 1, 2024 | $279 | $1,040 | $91 | $1,410 |
| Foreign currency translation | — | (9) | — | (9) |
| Balance at December 31, 2024 | 279 | 1,031 | 91 | 1,401 |
| Foreign currency translation | — | 39 | — | 39 |
| Balance at December 31, 2025 | $279 | $1,070 | $91 | $1,440 |
In 2025 and 2024, the Company completed the annual impairment evaluation for goodwill as of July 1. The Company concluded its goodwill was not impaired in either 2025 or 2024.
The carrying amount of indefinite-lived intangible assets consisted of the following:
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (in millions) | ||
| Customer contracts | $748 | $844 |
| Trade names | 56 | 65 |
| Total | $804 | $909 |
Definite-lived intangible assets consisted of the following:
| December 31, 2025 · December 31, 2024 | ||||||
|---|---|---|---|---|---|---|
| Gross Carrying Amount · Accumulated Amortization · Net Carrying Amount · Gross Carrying Amount · Accumulated Amortization · Net Carrying Amount | ||||||
| (in millions) | ||||||
| Customer relationships | $486 | $(235) | $251 | $370 | $(204) | $166 |
| Contracts | 235 | (227) | 8 | 226 | (218) | 8 |
| Other | 406 | (309) | 97 | 357 | (269) | 88 |
| Total | $1,127 | $(771) | $356 | $953 | $(691) | $262 |
Definite-lived intangible assets acquired during the year ended December 31, 2025 were $51 million with a weighted average amortization period of 5 years. During the year ended December 31, 2025, it was determined that the useful life of certain customer contracts was no longer indefinite. Customer contracts of $98 million were reclassified from indefinite lived to definite lived customer relationships with an estimated life of 30 years to be amortized prospectively. The aggregate amortization expense for definite-lived intangible assets during the years ended December 31, 2025, 2024 and 2023 was $61 million, $56 million and $52 million, respectively.
Estimated intangible amortization expense as of December 31, 2025 for the next five years is as follows:
| (in millions) | |
|---|---|
| 2026 | $63 |
| 2027 | 51 |
| 2028 | 41 |
| 2029 | 36 |
| 2030 | 29 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.