Company: TROW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001113169-25-000007
Chunk: 114

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 114
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0 50.3 (60.1)11.7 110.4 Total seed capital investments64.4 52.1 (59.3)12.3 111.4 Total cash, discretionary, and seed investments207.8 185.7 (83.7)22.1 269.4 Net gains recognized upon deconsolidation(0.4)— 3.0 (0.4)(3.0)Investments used to hedge the deferred compensation liabilities96.4 123.6 (139.4)(27.2)263.0 Total net gains (losses) from non-consolidated investment products303.8 309.3 (220.1)(5.5)529.4 Other investment income59.4 45.9 15.4 13.5 30.5 Net gains (losses) on investments363.2 355.2 (204.7)8.0 559.9 Net gains (losses) on consolidated investment portfolios130.3 164.6 (203.5)(34.3)368.1 Other losses, including foreign currency losses(7.2)(15.7)(17.3)8.5 1.6 Non-operating income (loss)$486.3 $504.1 $(425.5)$(17.8)$929.6 Adjusted non-operating income (loss)(1)$148.7 $140.8 $(24.4)$7.9 $165.2 

(1) See the reconciliation to the comparable U.S. GAAP measures at the end of the Results of Operations section of this Management's Discussion and Analysis. 

In 2024 and 2023, strong market returns contributed to the increased valuation and gains of our investment portfolio, along with higher cash balances and interest rates increased dividend income. In 2022, our overall investment portfolio valuations were negatively impacted by market declines caused by the continued elevated inflation, supply chain disruptions, and a more aggressive pace of Federal Reserve interest rate increases.

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The impact of consolidating investment products on the individual lines of our consolidated statements of income for 2024, 2023, and 2022 is as follows:

2024 compared to 20232023 compared to 2022(in millions)202420232022$ Change$ ChangeOperating