Company: MGRE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001004434-25-000039
Chunk: 0

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-05-08
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 March 31, 20242025Consolidated revenue$499.9$496.6Consolidated expenses:Compensation and related expenses240.4230.3Selling, general and administrative91.794.7Intangible amortization and impairments7.383.3Interest expense 29.934.1Depreciation and other amortization3.02.8Other expenses (net)9.011.7Total consolidated expenses381.3456.9Equity method income (net)117.575.3Investment and other income18.011.6Income before income taxes254.1126.6Income tax expense 55.427.4Net income 198.799.2Net income (non-controlling interests)(48.9)(26.8)Net income (controlling interest)$149.8$72.4Average shares outstanding (basic)32.829.2Average shares outstanding (diluted)40.132.6Earnings per share (basic)$4.56$2.48Earnings per share (diluted)$4.14$2.20

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