Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 260

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part II, Item 8
Chunk 260
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($ in millions)Equity$190,426 $5,971 $(16,857)$(10,886)$7,651 $4,341 $191,532 Fixed Income46,111 1,876 (3,240)(1,364)1,662 1,524 47,933 Other8,133 970 (1,099)(129)69 119 8,192 Total$244,670 $8,817 $(21,196)$(12,379)$9,382 $5,984 $247,657 

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Nine Months Ended September 30, 2024AUMBeginningBalanceInflows Outflows NetFlowsMarket ValueAppreciation/(Depreciation)ForeignExchangeAppreciation/(Depreciation)AUMEndingBalance($ in millions)Equity$190,138 $16,547 $(40,012)$(23,465)$24,413 $446 $191,532 Fixed Income48,107 5,752 (7,211)(1,459)1,054 231 47,933 Other8,406 1,565 (2,249)(684)418 52 8,192 Total$246,651 $23,864 $(49,472)$(25,608)$25,885 $729 $247,657 

Average AUM for the three month and nine month periods ended September 30, 2025 and 2024 for each significant asset class is set forth below. Average AUM generally represents the average of the monthly ending AUM balances for the period.

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024($ in millions)Average AUM by Asset Class:Equity$201,242 $190,688 $187,608 $190,973 Fixed Income47,170 46,832 45,714 46,905 Alternative Investments3,578 2,952 3,351 3,079 Private Wealth Alternative Investments3,137 3,029 3,116 2,869 Private Equity1,493 1,505 1,500 1,508 Cash Management738 952 853 736 Total Average AUM$257,358 $245,958 $242,142 $246,070