Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 5

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 5
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90 GAAP earnings per share (diluted) for FY 2022 and FY 2023, respectively, as a result of gains associated with the Baring Private Equity Asia and Veritable transactions, net of taxes. Additional information on non-GAAP financial performance measures, including reconciliations to the most directly comparable GAAP measure, can be found in AMG’s 2024 Annual Report on Form 10-K (or, with respect to amounts above for 2020 and 2021, AMG's Quarterly Report on Form 10- Q for the quarter ended March 31, 2023) under “Supplemental Financial Performance Measures.”

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| 2024 Performance Summary (cont.)                                                                 
 Stockholder Returnand RelativeEarnings Growth                                                    
 Executing on AMGGrowth Strategy                                                                  |     | AMG stock has outperformed the Peer Group overthe 3-year period ended December 31, 2024•Over the 3-year period, AMG stock increased +12%and outperformed the Peer Group median of (3%)and reflected EEPS growth momentum and thepositive impact of AMG’s growth and capitalallocation strategy despite a challenging industrybackdrop                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 In 2024, AMG’s senior management team continuedto strategically evolve the business through growthinvestments, particularly in collaboration withAffiliates to develop new products for the U.S.wealth channel. Over the past 5 years, alternativesAUM on AMG’s U.S. wealth platform has grownmore than tenfold. Since 2019, AMG’s executiveteam has reshaped our business profile, increasingthe earnings contribution (as measured byAdjusted EBITDA) from alternative strategies from~35% to ~50%•In 2024, AMG facilitated the launch of three newevergreen alternative products and anticipates thelaunch of two additional strategies in 2025, managedby Affiliates operating in secular growth areas,including Pantheon, Comvest, and Systematica.With a track record of more than a decade in thespace, AMG’s capabilities and expertise incollaborating with Affiliates to pursue strategicproduct opportunities, particularly those designed forthe U.S. wealth marketplace, are increasinglyenhancing the growth of existing Affiliates, and arehighly attractive to prospective Affiliates•Following year-end, closed investment inNorthBridge Partners, a private markets managerspecializing in industrial logistics real estate•AMG has