AMG

EX-99.1

2 amgq22026ex991.htm

EX-99.1

Document

Exhibit 99.1

Investor and 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 2026

Company reports Diluted EPS of $6.95, Economic EPS of $8.29 in the second quarter of 2026

Net income (controlling interest) of $186 million and Economic net income (controlling interest) of $221 million

Economic EPS of $8.29 increased 54% year over year, reflecting the evolution of AMG's business toward greater participation in alternative strategies and its disciplined approach to capital allocation

Record AUM of $942 billion; $13 billion in net client cash flows included record alternative net inflows of $29 billion

Repurchased $189 million in common stock, bringing total repurchases for the first half of the year to $375 million

JUPITER, FL, July 30, 2026 — AMG, a strategic partner to leading independent investment management firms globally, today reported its financial and operating results for the second quarter and six months ended June 30, 2026.

Jay C. Horgen, President and Chief Executive Officer of AMG, said:

“AMG delivered another quarter of excellent results, with year-over-year growth in Adjusted EBITDA and Economic earnings per share of 44% and 54%, respectively. Net client cash flows of approximately $13 billion in the quarter, and more than $35 billion in the year to date, reflect the ongoing strength in alternative strategies, which generated net inflows of approximately $29 billion in the quarter and approximately $58 billion in the first half. The momentum across our business highlights the successful execution of our strategy and the evolution of our earnings profile, as sustained organic growth in alternative strategies continues to increase their contribution to AMG’s earnings.

“More broadly, over the last 12 months, our assets under management have increased by approximately $171 billion, or 22%, including approximately $69 billion from growth investments in new Affiliates and approximately $56 billion in net client cash flows. Looking ahead, we see increasing opportunities to invest in growth through both new and existing Affiliates, further expanding our participation in areas of secular demand and enhancing our long-term prospects.

“Given the strength of our business, our increasing cash flow generation, flexible capital position, and distinct competitive advantages — including our worldwide reputation as a collaborative strategic partner to the highest-quality independent firms — we are uniquely positioned to capitalize on attractive growth opportunities, drive durable earnings growth, and create meaningful long-term value for our shareholders.”

FINANCIAL HIGHLIGHTSThree Months EndedSix Months Ended

(in millions, except as noted and per share data)6/30/20256/30/20266/30/20256/30/2026

Operating Performance Measures

AUM (at period end, in billions)$771.0 $942.4 $771.0 $942.4

Average AUM (in billions)736.6 920.9 724.3 901.3

Net client cash flows (in billions)8.1 12.9 7.7 35.5

Aggregate fees1,173.5 1,661.5 2,443.9 3,571.4

Financial Performance Measures

Net income (controlling interest)$84.3 $185.9 $156.6 $296.3

Earnings per share (diluted)(1) 2.80 6.95 5.01 10.76

Supplemental Performance Measures(2)

Adjusted EBITDA (controlling interest)$219.7 $316.0 $447.9 $633.3

Economic net income (controlling interest)159.2 221.4 317.9 446.1

Economic earnings per share5.39 8.29 10.58 16.52

For additional information on our Supplemental Performance Measures, including reconciliations to GAAP, see the Financial Tables and Notes.

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Capital Management

During the second quarter of 2026, the Company repurchased approximately $189 million in common stock, bringing total share repurchases to approximately $375 million in the first half of the year. Subsequently, the Company announced a second-quarter cash dividend of $0.01 per share of common stock, payable August 24, 2026 to stockholders of record as of the close of business on August 10, 2026.

About AMG

AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG’s strategy is to generate long‐term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of June 30, 2026, AMG’s aggregate assets under management were approximately $942 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company’s website at www.amg.com.

Conference Call, Replay, and Presentation Information

A conference call will be held with AMG’s management at 8:30

EX-99.1

2 amgq12026ex991.htm

EX-99.1

Document

Exhibit 99.1

Investor and Media Relations:  Patricia Figueroa +1 (617) 747-3300 ir@amg.com pr@amg.com

AMG Reports Financial and Operating Results for the First Quarter of 2026

Company reports Diluted EPS of $3.84, Economic EPS of $8.23 in the first quarter

Record AUM of $882 billion and record positive net client cash flows of more than $22 billion driven by ongoing momentum in alternative strategies

Net income (controlling interest) of $110 million, Economic net income (controlling interest) of $225 million

Economic EPS of $8.23 increased 58% year-over-year, driven by strong organic growth and disciplined capital allocation

Repurchased approximately $186 million in common stock

JUPITER, FL, May 1, 2026 — AMG, a strategic partner to leading independent investment management firms globally, today reported its financial and operating results for the first quarter of 2026.

Jay C. Horgen, President and Chief Executive Officer of AMG, said:

“AMG generated excellent results in the first quarter, with year-over-year growth in Adjusted EBITDA and Economic earnings per share of 39% and 58%, respectively. Broad-based demand for our Affiliates' liquid alternative and private markets strategies generated record net client cash flows of more than $22 billion. With four consecutive quarters of strong inflows, AMG has reported approximately $52 billion in net flows, or an organic growth rate of 7%, over the last 12 months. These outstanding results reflect AMG’s focus on investing in areas of secular demand and the disciplined execution of our capital allocation strategy.

“We continue to deploy our capital and resources toward firms and initiatives aligned with long-term growth trends to further accelerate the evolution of our business. In January, we completed our investment in BBH Credit Partners, Brown Brothers Harriman's leading taxable fixed income and credit franchise, including its differentiated structured credit platform. In February, we entered into a new partnership with HighBrook Investors, a private markets manager specializing in thematic opportunities in real estate assets, and made an additional investment in Garda Capital Partners, a leading liquid alternatives manager specializing in fixed income relative value strategies, and an Affiliate since 2019.

“We entered 2026 in a position of strength, and our first quarter results reflect our ongoing strong business momentum. With our excellent capital position, the growing cash flow generation of our business, and our unique partnership approach, we remain confident in our ability to deploy capital to create incremental long-term value for our Affiliates, clients, and shareholders.”

FINANCIAL HIGHLIGHTSThree Months Ended

(in millions, except as noted and per share data)3/31/20253/31/2026

Operating Performance Measures

AUM (at period end, in billions)$712.2 $882.0

Average AUM (in billions)712.1 881.7

Net client cash flows (in billions)(0.4)22.5

Aggregate fees1,270.4 1,909.9

Financial Performance Measures

Net income (controlling interest)$72.4 $110.4

Earnings per share (diluted)(1) 2.20 3.84

Supplemental Performance Measures(2)

Adjusted EBITDA (controlling interest)$228.2 $317.3

Economic net income (controlling interest)158.7 224.6

Economic earnings per share5.20 8.23

For additional information on our Supplemental Performance Measures, including reconciliations to GAAP, see the Financial Tables and Notes.

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Capital Management

During the first quarter of 2026, the Company repurchased approximately $186 million in common stock. Subsequently, the Company announced a first-quarter cash dividend of $0.01 per share of common stock, payable May 26, 2026 to stockholders of record as of the close of business on May 11, 2026.

About AMG

AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG’s strategy is to generate long‐term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of March 31, 2026, AMG’s aggregate assets under management were approximately $882 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company’s website at www.amg.com.

Conference Call, Replay, and Presentation Information

A conference call will be held with AMG’s management at 8:00 a.m. Eastern time today. Parties interested in listening to the conference call should dial 1-877-407-8291 (U.S. calls) or 1-201-689-8345 (non-U.S. calls) shortly before the call begins.

The conference call will also be available for replay beginning approximately one hour aft

EX-99.1

2 amgq42025ex991.htm

EX-99.1

Document

Exhibit 99.1

Investor and Media Relations  Patricia Figueroa +1 (617) 747-3300 ir@amg.com pr@amg.com

AMG Reports Financial and Operating Results for the Fourth Quarter and Full Year 2025

Company reports Diluted EPS of $11.21, Economic EPS of $9.48 in the fourth quarter of 2025

Diluted EPS of $22.74, Economic EPS of $26.05 for the full year 2025

Net client cash inflows of approximately $29 billion in 2025, including approximately $12 billion in the fourth quarter, driven by ongoing momentum in alternative strategies

Full-year Net income (controlling interest) of $717 million, Economic net income (controlling interest) of $769 million

Full-year Economic EPS of $26.05 increased 22% year-over-year, driven by strong organic growth and disciplined capital allocation

Committed more than $1 billion across five new growth investments in 2025, broadening AMG’s exposure to alternative strategies

Repurchased $700 million in common stock or approximately 11% of shares outstanding in 2025

WEST PALM BEACH, FL, February 12, 2026 — AMG, a strategic partner to leading independent investment management firms globally, today reported its financial and operating results for the fourth quarter and year ended December 31, 2025.

Jay C. Horgen, Chief Executive Officer of AMG, said:

“AMG delivered outstanding results in 2025, which was one of the strongest years in our Company’s history. Our results—including annual Economic earnings per share growth of 22% and net inflows of approximately $29 billion, representing an organic growth rate of 4%—reflect successful execution of our strategy, particularly the accelerating evolution of our business toward areas of secular demand, most notably private markets and liquid alternatives.

“2025 was also a landmark year for growth investments, with more than $1 billion in capital committed across four new Affiliates operating in private markets or liquid alternatives: NorthBridge Partners, Verition Fund Management, Montefiore Investment, and Qualitas Energy, as well as a strategic collaboration with Brown Brothers Harriman to develop new structured and alternative credit products for the U.S. wealth marketplace. Each of these partnerships reflects AMG’s commitment to investing in growth areas, as well as our differentiated partnership approach, which magnifies our Affiliates’ long‑term success through strategic engagement while preserving their independence.

“AMG's private markets Affiliates manage approximately $146 billion in assets and raised approximately $24 billion in 2025, highlighting the ongoing demand for our Affiliates' specialized strategies. Our Affiliates managing liquid alternative strategies delivered excellent investment performance, generating a record of approximately $51 billion in net inflows for the year, and now manage approximately $227 billion, representing a 61% increase since the beginning of the year. Throughout 2025, we also continued to invest our capital and resources in and alongside our Affiliates, particularly to develop innovative alternative solutions for the U.S. wealth marketplace. In addition, as AMG's unique partnership model continued to attract outstanding firms seeking a strategic partner, we recently announced a new partnership with HighBrook, a private markets manager specializing in thematic opportunities in real estate assets, and an additional investment in Garda, a leading liquid alternatives manager specializing in relative value fixed income strategies, and an Affiliate since 2019.

“As we enter 2026, AMG is exceptionally well‑positioned. With growing scale in alternative strategies, underpinned by strong organic growth from existing Affiliates and the addition of new high-quality partnerships; an expanding presence in the U.S. wealth marketplace; and increasing opportunities to invest in growth, enhanced by our excellent capital position and disciplined capital allocation framework, we have an outstanding opportunity to drive further earnings growth and create meaningful long-term value for our shareholders.”

FINANCIAL HIGHLIGHTSThree Months EndedYears Ended

(in millions, except as noted and per share data)12/31/202412/31/202512/31/202412/31/2025

Operating Performance Measures

AUM (at period end, in billions)$707.9 $813.3 $707.9 $813.3

Average AUM (in billions)717.3 821.3 700.5 764.2

Net client cash flows (in billions)(8.3)12.1 (13.9)28.7

Aggregate fees1,509.2 2,377.6 5,236.0 6,167.5

Financial Performance Measures

Net income (controlling interest)$162.1 $347.6 $511.6 $716.6

Earnings per share (diluted)(1) 4.92 11.21 15.13 22.74

Supplemental Performance Measures(2)

Adjusted EBITDA (controlling interest)$281.7 $378.1 $973.1 $1,076.8

Economic net income (controlling interest)205.8 271.7 701.6 769.3

Economic earnings per share6.53 9.48 21.36 26.05

For additional information on our Supplemental Performance Measures, including reconciliations to GAAP, see the Financial Tabl