Company: MGRE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001004434-25-000045
Chunk: 0

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-08-07
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 June 30, For the Six Months Ended June 30, 2024202520242025Consolidated revenue$500.3$493.2$1,000.3$989.8Consolidated expenses:Compensation and related expenses215.3263.7455.7494.1Selling, general and administrative89.495.7181.1190.4Intangible amortization and impairments7.36.314.589.6Interest expense 33.534.563.468.6Depreciation and other amortization3.12.56.15.3Other expenses (net)10.810.019.921.6Total consolidated expenses359.4412.7740.7869.6Equity method income (net)18.165.6135.7140.9Investment and other income19.325.537.237.1Income before income taxes178.3171.6432.5298.2Income tax expense 43.335.798.763.1Net income 135.0135.9333.8235.1Net income (non-controlling interests)(59.0)(51.6)(108.0)(78.5)Net income (controlling interest)$76.0$84.3$225.8$156.6Average shares outstanding (basic)31.528.532.128.9Average shares outstanding (diluted)35.331.436.032.3Earnings per share (basic)$2.42$2.96$7.02$5.43Earnings per share (diluted)$2.26$2.80$6.49$5.01

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