Ameriprise Hints at How Life and Annuity Issuers Are Doing
May 1, 2023 by Allison Bell
Economic icebergs crashed against the life and annuity operations at Ameriprise Financial in the first quarter — but warm currents abound.
The Minneapolis-based financial services company was the first major U.S. life and annuity issuer to post results for the quarter.
CEO Jim Cracchiolo told securities analysts during a conference call streamed live online on Tuesday, that Ameriprise has no exposure to problem banks, and that the deposit base at its own bank is strong and stable.
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