Company: MGRE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050206
Chunk: 0

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1.Financial Statements

AFFILIATED MANAGERS GROUP, INC.

CONSOLIDATED STATEMENTS OF INCOME     

(in millions, except per share data)

(unaudited)

 For the Three Months Ended September 30, For the Nine Months Ended September 30, 2024202520242025Consolidated revenue$516.4$528.0$1,516.6$1,517.8Consolidated expenses:Compensation and related expenses220.8253.5676.5747.6Selling, general and administrative97.0100.5278.1290.8Intangible amortization and impairments7.36.321.896.0Interest expense 34.733.298.1101.8Depreciation and other amortization3.32.69.47.9Other expenses (net)11.613.131.534.7Total consolidated expenses374.7409.21,115.41,278.8Equity method income (net)52.688.5188.3229.5Affiliate transaction gains (Note 9)—127.6—127.6Investment and other income22.827.660.064.7Income before income taxes217.1362.5649.5660.8Income tax expense 31.371.6130.0134.7Net income 185.8290.9519.5526.1Net income (non-controlling interests)(62.2)(78.5)(170.0)(157.1)Net income (controlling interest)$123.6$212.4$349.5$369.0Average shares outstanding (basic)30.128.431.428.7Average shares outstanding (diluted)35.032.935.233.0Earnings per share (basic)$4.11$7.47$11.11$12.85Earnings per share (diluted)$3.78$6.87$10.25$11.83

The accompanying notes are an integral part of the Consolidated Financial Statements.