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Sep 30, 2023
AMG Q3 2023 Earnings Report
AMG reported financial and operating results.
Key Takeaways
AMG reported Economic Earnings per share of $4.08 for Q3 2023, driven by disciplined capital allocation across growth investments and share repurchases. Recent investments in Ara Partners and Forbion have expanded AMG's private markets Affiliates, which now manage over $100 billion in aggregate client assets. AMG's Affiliates manage approximately $230 billion in alternatives, offering diversifying return streams.
Economic Earnings per share were $4.08 for the third quarter.
Completed investment in Ara Partners, a private markets firm specializing in industrial decarbonization.
Completed investment in Forbion, a leading European private markets firm focused on life sciences.
Repurchased $172 million in common stock, bringing total year-to-date share repurchases to $441 million.
Forward Guidance
AMG remains focused on executing its growth strategy, and, given the quality and diversity of its Affiliates, its excellent capital position, and distinctive competitive advantages, AMG is well-positioned to create meaningful incremental shareholder value over time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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