Financial Data and Key Metrics Changes - Total assets under management increased by 4% to $155 billion due to market appreciation, partially offset by net outflows [7] - Earnings per share as adjusted was $4.20, which included $1.11 of seasonal employment expenses, reflecting a 3% increase over the prior quarter when adjusted for those items [12][33] - Operating margin as adjusted was 26.8%, compared to 31.8% in the fourth quarter, but improved by 140 basis points to 33.2% when excluding seasonal items [32] Business Line Data and Key Metrics Changes - Retail separate account sales increased by 12%, driven by SMID equities, while total sales declined sequentially to $6.2 billion due to lower institutional sales [7][21] - Fund net outflows improved to $1.8 billion from $3.8 billion in the prior quarter, with positive net flows in emerging markets, SMID, and large-cap equity funds [8][24] - Institutional sales were $1.9 billion, down from $3 billion in the previous quarter, but the institutional pipeline remains strong [21][9] Market Data and Key Metrics Changes - The pro-forma total assets under management, including AlphaSimplex, is $162.6 billion, with institutional assets increasing to 36% of AUM [18] - Approximately 43% of rated fund assets had four or five stars, and 87% were in three, four, or five-star funds as of March 31 [19] - On a five-year basis, 74% of rated fund AUM outperformed the median performance of their peer groups [20] Company Strategy and Development Direction - The acquisition of AlphaSimplex aims to expand and diversify alternative non-correlated investment offerings, appealing across market cycles [6] - The company is focused on leveraging AlphaSimplex's capabilities to accelerate growth and expand offerings to a broader range of clients [55] - There is an ongoing interest in M&A, particularly in expanding into non-correlated strategies and international markets [65] Management's Comments on Operating Environment and Future Outlook - Management noted a meaningful improvement in open-end fund flows and a strong institutional pipeline, expecting no redemptions over the next several quarters [10][9] - The company anticipates employment expenses as a percentage of revenues to be in the range of 49% to 51%, influenced by market performance [29] - Management expressed optimism about growth opportunities, particularly in non-U.S. institutional markets [59] Other Important Information - The company ended the quarter with a modest net-debt position of $47 million, representing net leverage of 0.2 times EBITDA [34] - The first quarter is typically the highest for cash utilization due to annual incentives and other payments [35] - The company did not repurchase shares in the open market during the first quarter, focusing on maintaining a strong balance sheet [49] Q&A Session Summary Question: AlphaSimplex AUM decline and market dynamics - Management acknowledged the decline in AlphaSimplex AUM due to market performance but noted positive net flows in the first quarter [39][40] Question: Updates on travel and entertainment expenses - Management indicated that travel expenses have not fully returned to pre-COVID levels and that the new expense guidance reflects the addition of AlphaSimplex [44][47] Question: Capital allocation and share repurchases - Management explained that the decision not to repurchase shares was due to competing cash demands and maintaining a strong balance sheet [49][50] Question: Leveraging AlphaSimplex capabilities for growth - Management expressed excitement about integrating AlphaSimplex's capabilities to reach a broader range of clients and enhance product offerings [55] Question: Institutional pipeline and funding expectations - Management highlighted a robust institutional pipeline with diverse strategies, although timing of fundings remains uncertain [60][62] Question: Future M&A considerations - Management reiterated that while M&A is part of their strategy, organic growth remains the primary focus, particularly in non-U.S. markets [63][65]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-10994 VIRTUS INVESTMENT PARTNERS, INC. (Exact name of registrant as specified in its charter) Delaware 26-3962811 State or other ...

Virtus Investment Partners, Inc. (NYSE:VRTS) Q4 2022 Earnings Conference Call February 3, 2023 10:00 AM ET Company Participants Sean Rourke - IR George Aylward - President and CEO Mike Angerthal - CFO Conference Call Participants Sumeet Mody - Piper Sandler Michael Cyprys - Morgan Stanley Operator Good morning. My name is Michelle, and I will be your conference operator today. I would like to welcome everyone to Virtus Investment Partners Quarterly Conference Call. The slide presentation for this call is av ...

FOURTH QUARTER EARNINGS PRESENTATION February 3, 2023 George R. Aylward President and Chief Executive Officer Michael A. Angerthal Executive Vice President and Chief Financial Officer IMPORTANT DISCLOSURES This presentation contains statements that are, or may be considered to be, forward-looking statements. All statements that are not historical facts, including statements about our beliefs or expectations, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 VIRTUS INVESTMENT PARTNERS, INC. (Exact name of registrant as specified in its charter) Delaware 26-3962811 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identifi ...

THIRD QUARTER EARNINGS PRESENTATION October 26, 2022 George R. Aylward President and Chief Executive Officer Michael A. Angerthal Executive Vice President and Chief Financial Officer IMPORTANT DISCLOSURES This presentation contains statements that are, or may be considered to be, forward-looking statements. All statements that are not historical facts, including statements about our beliefs or expectations, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act o ...

Virtus Investment Partners, Inc. (NYSE:VRTS) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants Sean Rourke - Investor Relations George Aylward - President and Chief Executive Officer Mike Angerthal - Chief Financial Officer Conference Call Participants Sumeet Mody - Piper Sandler Michael Cyprys - Morgan Stanley Operator Good morning. My name is Michelle and I will be your conference operator today. I would like to welcome everyone to the Virtus Investment Partners Quarterly ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File Number: 001-10994 VIRTUS INVESTMENT PARTNERS, INC. (Exact name of registrant as specified in its charter) Delaware 26-3962811 (State or other jurisdiction of incorporation or organizati ...

Virtus Investment Partners, Inc. (NYSE:VRTS) Q2 2022 Earnings Conference Call July 29, 2022 10:00 AM ET Company Participants Sean Rourke – Vice President, Investor Relations George Aylward – President and Chief Executive Officer Mike Angerthal – Chief Financial Officer Conference Call Participants Sumeet Mody – Piper Sandler Michael Cyprys – Morgan Stanley Operator Good morning. My name is Andrew, and I’ll be your conference operator today. I would like to welcome everyone to the Virtus Investment Partners ...

SECOND QUARTER EARNINGS PRESENTATION July 29, 2022 George R. Aylward President and Chief Executive Officer Michael A. Angerthal Executive Vice President and Chief Financial Officer IMPORTANT DISCLOSURES This presentation contains statements that are, or may be considered to be, forward-looking statements. All statements that are not historical facts, including statements about our beliefs or expectations, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of ...