Exhibit 99.1 Investor & Media Relations: Patricia Figueroa +1 (617) 747-3300 ir@amg.com pr@amg.com AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2024 Company reports EPS of $3.78, Economic EPS of $4.82 in the third quarter of 2024 Net income (controlling interest) of $124 million, Economic Net Income (controlling interest) of $153 million Economic Earnings per share of $4.82 for the quarter, increased 18% year-over-year Repurchased $103 million in comm ...

Company reports EPS of $3.78, Economic EPS of $4.82 in the third quarter of 2024 Net income (controlling interest) of $124 million, Economic Net Income (controlling interest) of $153 millionEconomic Earnings per share of $4.82 for the quarter, increased 18% year-over-yearRepurchased $103 million in common stock, bringing year-to-date share repurchases to $580 million WEST PALM BEACH, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, ...

Affiliated Managers Group Inc. (AMG) is slated to announce third-quarter 2024 results on Nov. 4, before the opening bell. Its earnings are expected to have increased year-over-year, while revenues are likely to fall.See the Zacks Earnings Calendar to stay ahead of market-making news.In the last quarter, AMG’s earnings surpassed the Zacks Consensus Estimate. Results benefited from a rise in assets under management (AUM) balance and lower expenses. This was partly offset by a fall in revenues.The company boas ...

Conference Call Scheduled for 8:30 a.m. Eastern Time WEST PALM BEACH, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- AMG (NYSE: AMG) will report financial and operating results for the third quarter ended September 30, 2024 on Monday, November 4, 2024. A conference call will be held at 8:30 a.m. Eastern time on the same day. In addition to quarterly results, the conference call may include discussion of management's expectations of future financial and operating results. Jay C. Horgen, President and Chief Executiv ...

Financial Performance - Consolidated revenue for the three months ended June 30, 2023, was $512.5 million, a 2.4% increase from $500.3 million in the same period of 2024[8] - Net income for the three months ended June 30, 2023, was $187.4 million, up from $135.0 million in the same period of 2024, representing a 38.8% increase[11] - Earnings per share (diluted) for the three months ended June 30, 2023, was $3.25, compared to $2.26 in the same period of 2024, indicating a 43.8% increase[9] - Comprehensive income for the three months ended June 30, 2023, was $211.8 million, compared to $132.9 million in the same period of 2024, a 59.3% increase[11] - Net income for the six months ended June 30, 2023, was $375.9 million, compared to $259.8 million for the same period in 2022, representing a 45% increase[20] - Net income for the three months ended June 30, 2024, increased by 39% to $217.3 million compared to $156.3 million for the same period in 2023[141] - Economic net income (controlling interest) for the six months ended June 30, 2024, was $342.6 million, compared to $325.4 million for the same period in 2023[152] Expenses and Liabilities - Total consolidated expenses for the three months ended June 30, 2023, were $374.6 million, compared to $359.4 million in the previous year, reflecting a 4.3% increase[9] - Total liabilities as of June 30, 2024, were $4,191.3 million, compared to $4,096.1 million as of December 31, 2023, reflecting a 2.3% increase[14] - Total consolidated expenses for the three months ended June 30, 2024, were $374.6 million, a decrease of 4% compared to $359.4 million in the same period of 2023[135] - Selling, general and administrative expenses increased by $4.2 million or 5% for the three months ended June 30, 2024, mainly due to a $6.2 million increase in distribution and investment-related expenses[136] Assets and Equity - Total assets as of June 30, 2024, were $9,059.6 million, an increase from $8,845.0 million as of December 31, 2023[14] - Total stockholders' equity as of June 30, 2023, was $4,368.4 million, an increase from $4,175.6 million as of December 31, 2022[20] - Total equity as of March 31, 2024, was $4,520.5 million, up from $4,219.4 million as of March 31, 2023[20] - The carrying value of unconsolidated Affiliate sponsored investment products was $5,788.3 million as of December 31, 2023, and $5,123.3 million as of June 30, 2024[61] Shareholder Activities - The company repurchased shares worth $104.0 million during the six months ended June 30, 2023[20] - The company repurchased common stock worth $484.6 million during the six months ended June 30, 2024[24] - Dividends paid were $0.8 million, maintaining a consistent payout strategy[20] - Dividends paid on common stock amounted to $0.7 million for the six months ended June 30, 2024[24] Cash Flow and Investments - Cash and cash equivalents increased to $865.5 million as of June 30, 2024, from $813.6 million as of December 31, 2023[14] - Cash flows from operating activities for the six months ended June 30, 2024, were $454.4 million, primarily from net income of $333.8 million and distributions of earnings from equity method investments of $289.0 million[154] - Cash flows from investing activities for the six months ended June 30, 2024, were $314.8 million, primarily due to $754.4 million from maturities and sales of investment securities[155] - For the six months ended June 30, 2024, the company received $725.2 million from the maturity of available-for-sale securities and purchased $413.9 million of such securities[34] Tax and Regulatory Matters - The effective tax rate for controlling interest for the three months ended June 30, 2024, was 35.0%, up from 20.1% in the same period of 2023[101] - Income tax expense for controlling interest for the three months ended June 30, 2024, was $40.9 million, compared to $31.6 million for the same period in 2023, an increase of 29.3%[101] - The company continues to monitor legislative developments related to the OECD's Pillar Two directive, which may impact future tax provisions[102] Market and Client Activity - As of June 30, 2024, assets under management reached approximately $701 billion, reflecting a 4% increase from $673.9 billion as of March 31, 2024[114] - Client cash inflows for the three months ended June 30, 2024, totaled $28.9 billion, while outflows were $28.0 billion, resulting in net inflows of $0.9 billion[120] - Private markets strategies accounted for 18% of total assets under management as of June 30, 2024[118] - The company is focused on expanding its investment strategies in private markets, liquid alternatives, and sustainable investment strategies to align with long-term client demand[117]

Affiliated Managers Group, Inc. (NYSE:AMG) Q2 2024 Earnings Conference Call July 29, 2024 8:30 AM ET Company Participants Patricia Figueroa - Head of IR Jay Horgen - President and CEO Thomas Wojcik - COO Dava Ritchea - CFO Conference Call Participants Alex Blostein - Goldman Sachs Dan Fannon - Jefferies Bill Katz - TD Cowen Patrick Davitt - Autonomous Research Brian Bedell - Deutsche Bank Operator Greetings, and welcome to the AMG Second Quarter 2024 Earnings Conference Call. [Operator Instructions] As a re ...

Affiliated Managers Group Inc.’s (AMG) second-quarter 2024 economic earnings of $4.67 per share outpaced the Zacks Consensus Estimate of $4.60. The bottom line also grew 4.9% from the prior-year number.Results were aided by an improvement in the assets under management (AUM) balance and a decline in expenses. Further, the company had a robust liquidity position. However, lower revenues were the undermining factor.Economic net income was $155.9 million, up 6.8% year over year. Our estimate for this metric wa ...

Q2 2024 Investor Overview AMG: Strategic Partner to Industry-Leading Independent Investment Firms 30-year partnership history with leading investment specialists 35+ independent Affiliates offering diverse suite of investment products ~$700B Assets Under Management Industry-Leading Independent Managers Attractive partnership model self-selects entrepreneurial, growing firms and enables access to specialist capabilities at scale High-Quality, Diverse Product Set Excellent breadth and quality of products mana ...

Affiliated Managers Group (AMG) came out with quarterly earnings of $4.67 per share, beating the Zacks Consensus Estimate of $4.60 per share. This compares to earnings of $4.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.52%. A quarter ago, it was expected that this asset manager would post earnings of $5.21 per share when it actually produced earnings of $5.37, delivering a surprise of 3.07%.Over the last four quarters, ...

Exhibit 99.1 Investor & Media Relations: Patricia Figueroa +1 (617) 747-3300 ir@amg.com pr@amg.com AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2024 Company reports EPS of $2.26, Economic EPS of $4.67 in the second quarter of 2024 Net income (controlling interest) of $226 million, Economic Net Income (controlling interest) of $343 million in the first half of the year Economic Earnings per share of $10.06 in the first half of the year, increased 17% year-over-year Pos ...