Remaining balance under stock repurchase program

  
In April 2017, the Company's Board of Directors authorized an expenditure of up to $2.5 billion for the repurchase of shares of the Company’s common stock through June 30, 2019, which was exhausted in the second quarter of 2019. In February 2019, the Company’s Board of Directors authorized an additional repurchase up to $2.5 billion of the Company’s common stock through March 31, 2021, which was exhausted in the fourth quarter of 2020. In August 2020, the Company’s Board of Directors authorized an additional expenditure of up to $2.5 billion for the repurchase of shares of the Company’s common stock through September 30, 2022. As of December 31, 2021, the Company had $432 million remaining under this share repurchase authorization. On January 26, 2022, the Company’s Board of Directors authorized an additional $3.0 billion for the repurchase of the Company’s common stock through March 31, 2024.The Company may also reacquire shares of its common stock under its share-based compensation plans related to restricted stock awards and certain option exercises. The holders of restricted shares may elect to surrender a portion of their shares on the vesting date to cover their income tax obligation. These vested restricted shares are reacquired by the Company and the Company’s payment of the holders’ income tax obligations are recorded as a treasury share purchase. For the years ended December 31, 2021, 2020 and 2019, the Company reacquired 0.3 million shares, 0.3 million shares and 0.3 million shares, respectively, of its common stock through the surrender of shares upon vesting and paid in the aggregate $69 million, $52 million and $34 million, respectively, related to the holders’ income tax obligations on the vesting date. Option holders may elect to net settle their vested awards resulting in the surrender of the number of shares required to cover the strike price and tax obligation of the options exercised. These shares are reacquired by the Company and recorded as treasury shares. For the years ended December 31, 2021, 2020 and 2019, the Company reacquired 1.3 million shares, 1.5 million shares and 0.7 million shares, respectively, of its common stock through the net settlement of options for an aggregate value of $306 million, $263 million and $106 million, respectively.For the years ended December 31, 2021, 2020 and 2019, the Company reissued 0.4 million, 0.5 million and 0.7 million, respectively, treasury shares for restricted stock award grants, performance share units, and issuance of shares vested under advisor deferred compensation plans. 22.  Earnings per Share The computations of basic and diluted earnings per share is as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   | Years Ended December 31, |
| 2021 |  | 2020 |  | 2019 |
| (in millions, except per share amounts) |
| Numerator: |  |  |  |  |  |
| Net income | $ | 2,760  |  |  | $ | 1,534  |  |  | $ | 1,893  |  |
|  |  |  |  |  |  |
| Denominator: |  |  |  |  |  |
| Basic: Weighted-average common shares outstanding | 117.3  |  |  | 123.8  |  |  | 134.1  |  |
| Effect of potentially dilutive nonqualified stock options and other share-based awards | 2.7  |  |  | 1.9  |  |  | 1.9  |  |
| Diluted: Weighted-average common shares outstanding | 120.0  |  |  | 125.7  |  |  | 136.0  |  |
|  |  |  |  |  |  |
| Earnings per share attributable to Ameriprise Financial, Inc. common shareholders: |  |  |  |  |  |
| Basic | $ | 23.53  |  |  | $ | 12.39  |  |  | $ | 14.12  |  |
| Diluted | $ | 23.00  |  |  | $ | 12.20  |  |  | $ | 13.92  |  |

The calculation of diluted earnings per share excludes the incremental effect of nil, nil and $1.0 million options as of December 31, 2021, 2020 and 2019, respectively, due to their anti-dilutive effect.23. Regulatory RequirementsRestrictions on the transfer of funds exist under regulatory requirements applicable to certain of the Company’s subsidiaries. As of December 31, 2021, the aggregate amount of unrestricted net assets was approximately $1.9 billion.Insurance subsidiariesThe National Association of Insurance Commissioners (“NAIC”) defines Risk-Based Capital (“RBC”) requirements for insurance companies. The RBC requirements are used by the NAIC and state insurance regulators to identify companies that merit regulatory actions designed to protect policyholders. These requirements apply to the Company’s life insurance companies. The Company’s life insurance companies each met their respective minimum RBC requirements.The Company’s life insurance companies are required to prepare statutory financial statements in accordance with the accounting practices prescribed or permitted by the insurance departments of their respective states of domicile, which vary materially from         137
