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AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2025

Core Insights - AMG reported a 15% growth in Economic Earnings per share for Q2 2025 compared to the same quarter last year, driven by effective capital allocation and strong business momentum [2][5] - The firm experienced net client cash flows exceeding $8 billion, primarily due to record inflows into alternative investments, reflecting robust private market fundraising and increasing demand for liquid alternative strategies [2][5] - AMG's Affiliates managing private markets and liquid alternative strategies generated approximately $33 billion in net client inflows in the first half of 2025, highlighting ongoing demand for specialized strategies [3][5] Financial Highlights - As of June 30, 2025, AMG's Assets Under Management (AUM) reached approximately $771 billion, up from $701 billion a year earlier [4][8] - For the three months ended June 30, 2025, AMG reported net income of $84.3 million, an increase from $76.0 million in the same period of 2024 [4][14] - Economic earnings per share for Q2 2025 were $5.39, reflecting a 15% increase from $4.67 in Q2 2024 [4][15] Capital Management - In Q2 2025, AMG repurchased approximately $100 million in common stock, bringing total share repurchases to about $273 million for the first half of the year [5][6] - The company announced a cash dividend of $0.01 per share, payable on August 25, 2025, to stockholders of record as of August 11, 2025 [6] Strategic Partnerships - AMG formed a new partnership with Montefiore, a leading European private equity firm, further diversifying its business and enhancing its presence in private markets [3][5] - In 2025, AMG announced four new partnerships with firms managing approximately $24 billion in alternative strategies, underscoring the demand for AMG's unique approach [3]