Affiliated Managers Group, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended of December 31, 2016
January 30, 2017 at 06:22 pm IST
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Affiliated Managers Group, Inc. reported consolidated earnings results for the fourth quarter and full year ended of December 31, 2016. For the fourth quarter of 2016, the company’s diluted earnings per share were $2.67, compared to $2.67 for the same period of 2015, and Economic earnings per share were $3.80, compared to $3.59 for the same period of 2015. Net income was $150.2 million, compared to $147.5 million for the same period of 2015. Economic net income was $211.2 million, compared to $195.8 million for the same period of 2015. Adjusted EBITDA was $289.7 million, compared to $263.1 million for the same period of 2015. Revenue was $550.3 million, compared to $589.8 million for the same period of 2015. Operating income was $173.8 million compared to $193.2 million a year ago. Income before income taxes was $281.9 million compared to $289.2 million a year ago.
For the year ended December 31, 2016, the company’s diluted earnings per share were $8.57, compared to $9.17 for 2015, and Economic earnings per share were $12.84, compared to $12.47 for 2015. Net income was $472.8 million, compared to $509.5 million for 2015. Economic net income was $703.6 million, compared to $687.2 million for 2015. Adjusted EBITDA was $945.5 million, compared to $942.2 million for 2015. Revenue was $2.2 billion, compared to $2.5 billion for 2015, and Aggregate revenue was $4.3 billion, compared to $4.1 billion for 2015. Operating income was $705.3 million compared to $835.0 million a year ago. Income before income taxes was $974.6 million compared to $1,090.6 million a year ago.
Affiliated Managers Group, Inc. is a global independent investment management company. The Company is focused on investing in a range of partner-owned investment firms, known as Affiliates. Its Affiliates provide a diverse range of differentiated investment strategies designed to assist institutional and wealth clients worldwide in achieving their investment objectives. Its Affiliates also provide investment management and customized investment counseling and fiduciary services to high-net worth individuals and families and institutional clients. Its Affiliates distribute their investment services and products to institutional and wealth clients through direct sales and relationships with consultants and intermediaries around the world through their own business development capabilities. Its Affiliates manage assets for investors in more than 50 countries. It manages its assets across a range of private markets, liquid alternative and differentiated long-only investment strategies.
AFFILIATED MANAGERS GROUP, INC. 
