Company: MGRE
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001004434-25-000010
Chunk: 1

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7A
Chunk 1
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 non-U.S. dollar functional currency change based on fluctuations in foreign currency exchange rates, among other 

factors.  Changes due to fluctuations in foreign currency exchange rates are recorded as a component of stockholders’ equity. 

 To illustrate the effect of possible changes in foreign currency exchange rates, we estimate a 1% change in the pound 

sterling, Canadian dollar, and Euro to U.S. dollar exchange rates would have resulted in an $8.4 million, $1.9 million, and $1.5 

million change to stockholders’ equity, respectively, primarily based on the December 31, 2024 carrying value of Affiliates 

whose functional currency is the pound sterling, Canadian dollar, or the Euro.  For the year ended December 31, 2024, we 

estimate a 1% change in the pound sterling, Canadian dollar, and the Euro to U.S. dollar exchange rates would have resulted in 

$1.2 million, $0.3 million, and $0.0 million in annual changes to Income before income taxes (controlling interest), 

respectively.

Derivative Risk

From time to time, we and our Affiliates seek to offset exposure to changes in interest rates, foreign currency exchange 

rates, and markets by entering into derivative financial instruments.  There can be no assurance that our or our Affiliates’ 

derivative financial instruments will meet their overall objective or that we or our Affiliates will be successful in entering into 

such instruments in the future.