10-K
Annual Report
AFFILIATED MANAGERS GROUP, INC.
MGRE
NYSE
CIK: 1004434
File #: 001-13459
Balance Sheet
55 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Cash and cash equivalents | 586,000,000 | 950,000,000 |
Receivables | 496,200,000 | 409,700,000 |
Investments | 711,600,000 | 595,600,000 |
Goodwill | 2,531,200,000 | 2,504,900,000 |
Acquired client relationships (net) | 1,639,300,000 | 1,777,800,000 |
Acquired Client Relationships | 1,639,300,000 | 1,777,800,000 |
Equity method investments in Affiliates (net) | 2,870,400,000 | 2,246,600,000 |
Equity Method Investee | 2,870,400,000 | 2,246,600,000 |
Fixed assets (net) | 54,400,000 | 57,600,000 |
United States | 43,900,000 | 48,900,000 |
United Kingdom | 10,200,000 | 8,500,000 |
Other | 300,000 | 200,000 |
Other assets | 318,300,000 | 288,700,000 |
Affiliate Tax Distributions - Related Party | 68,600,000 | 59,200,000 |
Related Party | 4,700,000 | 7,900,000 |
Total assets | 9,207,400,000 | 8,830,900,000 |
Equity Method Investee | 4,539,900,000 | 3,348,200,000 |
Liabilities and Equity | ||
Payables and accrued liabilities | 806,900,000 | 639,100,000 |
Debt | 2,691,300,000 | 2,620,200,000 |
Senior bank debt | 0 | 0 |
Senior notes | 1,163,800,000 | 1,092,100,000 |
Junior subordinated notes | 1,189,300,000 | 1,189,000,000 |
Junior convertible securities | 338,200,000 | 339,100,000 |
Junior Convertible Trust Preferred Securities - Junior convertible securities | 340,600,000 | — |
Deferred tax liability (net) | 533,100,000 | 520,500,000 |
Other liabilities | 754,000,000 | 402,400,000 |
Affiliate Tax Distributions - Related Party | 99,300,000 | 87,800,000 |
Private Equity Investment Partnerships of Affiliate - Related Party | 11,700,000 | 14,500,000 |
Related Party | 161,200,000 | 54,800,000 |
Total liabilities | 4,785,300,000 | 4,182,200,000 |
Redeemable non-controlling interests | 246,800,000 | 350,500,000 |
Variable Interest Entity, Primary Beneficiary | 32,200,000 | 12,900,000 |
Equity: | ||
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares issued as of December 31, 2024 and 2025) | 600,000 | 600,000 |
Additional paid-in capital | 616,100,000 | 733,100,000 |
Accumulated other comprehensive loss | (106,800,000) | (163,600,000) |
Retained earnings | 7,615,400,000 | 6,899,800,000 |
Total stockholders' equity before treasury stock | 8,125,300,000 | 7,469,900,000 |
Less: Treasury stock, at cost (28.9 shares in 2024 and 31.5 shares in 2025) | 4,886,900,000 | 4,124,600,000 |
Total stockholders' equity | 3,238,400,000 | 3,345,300,000 |
Non-controlling interests | 936,900,000 | 952,900,000 |
Total equity | 4,175,300,000 | 4,298,200,000 |
Common Stock ($0.01 par value) | 600,000 | 600,000 |
Additional Paid-In Capital | 616,100,000 | 733,100,000 |
Accumulated Other Comprehensive Loss | (106,800,000) | (163,600,000) |
Retained Earnings | 7,615,400,000 | 6,899,800,000 |
Treasury Stock at Cost | (4,886,900,000) | (4,124,600,000) |
Non-controlling Interests | 936,900,000 | 952,900,000 |
Foreign Currency Translation Adjustment | (183,600,000) | (253,800,000) |
Change in net realized and unrealized gain (loss) on derivative financial instruments | (500,000) | 400,000 |
Unrealized Gain (Loss) on Available-for-Sale Debt Securities | 0 | (400,000) |
Total | (184,100,000) | (253,800,000) |
Total liabilities and equity | 9,207,400,000 | 8,830,900,000 |