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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 7, 2022
AFFILIATED MANAGERS GROUP, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
001-13459 04-3218510
(Commission File Number) (IRS Employer Identification No.)
777 South Flagler Drive, West Palm Beach, Florida 33401
(Address of principal executive offices)
(800) 345-1100
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock ($0.01 par value)AMGNew York Stock Exchange
5.875% Junior Subordinated Notes due 2059MGRNew York Stock Exchange
4.750% Junior Subordinated Notes due 2060MGRBNew York Stock Exchange
4.200% Junior Subordinated Notes due 2061MGRDNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company    ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐



ITEM 2.02Results of Operations and Financial Condition.
On November 7, 2022, Affiliated Managers Group, Inc. (the “Company”) issued a press release setting forth its financial and operating results for the quarter ended September 30, 2022. A copy of the press release is furnished as Exhibit 99.1 hereto.
 
ITEM 8.01Other Events.
The press release announced that the Company’s Board of Directors authorized and declared a quarterly dividend of $0.01 per share of common stock, payable December 1, 2022 to stockholders of record as of the close of business on November 17, 2022.
The press release further announced that the Board of Directors authorized an additional share repurchase program. Under this program, the Company may repurchase up to 3.0 million shares of its issued and outstanding shares of common stock. Purchases may be made from time to time, at management's discretion, in the open market or in privately negotiated transactions, including through the use of trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, as well as pursuant to one or more accelerated share repurchase programs or other share repurchase strategies that may include derivatives or forward contracts. This additional authorization, combined with the remaining shares available for purchase under the Company’s January 2021 and January 2022 programs, provides for a total of 5.8 million shares available for repurchase under the Company’s share repurchase programs, which do not expire.
 
ITEM 9.01Financial Statements and Exhibits.
 
(d)Exhibits.
The information in Exhibit 99.1 is being “furnished” to the Securities and Exchange Commission as provided pursuant to General Instruction B.2 of Form 8-K.

Exhibit No.      Description
99.1 
104Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document)


2

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  AFFILIATED MANAGERS GROUP, INC.
Date: November 7, 2022  By:   /s/ David M. Billings
   Name:    David M. Billings
   Title: General Counsel and Secretary


3



amglogoa78a.jpg
Exhibit 99.1
Investor Relations:
Media Relations:
  Patricia Figueroa
Ann Imes
+1 (617) 747-3300
ir@amg.com
pr@amg.com



  
AMG Reports Financial and Operating Results for the Third Quarter
and Nine Months Ended September 30, 2022
    
Company reports EPS of $2.80, Economic EPS of $4.21 in the third quarter of 2022
image5.jpg
New Affiliate investment in $4 billion private markets firm specializing in communications infrastructure*
image5.jpg
BPEA transaction* proceeds significantly enhance AMG's capital position and flexibility to execute on its forward strategy
image5.jpg
Net income (controlling interest) of $113 million, Economic Net Income of $166 million
image5.jpg
Economic Earnings per share of $4.21 increased 5% year-over-year
image5.jpg
Repurchased $80 million in common stock, bringing total year-to-date share repurchases to $345 million

WEST PALM BEACH, FL, November 7, 2022 — Affiliated Managers Group, Inc. (NYSE: AMG) today reported its financial and operating results for the third quarter and nine months ended September 30, 2022.

Jay C. Horgen, President and Chief Executive Officer of AMG, said:
“Economic Earnings per share grew 5% in the quarter and in the nine months ended September 30, 2022, relative to the respective year-ago periods, reflecting the disciplined execution of our strategy. While impacted by ongoing client de-risking, particularly within global equities, net client cash flows improved in the quarter and included strong inflows in our alternative strategies.

“AMG's partnership approach continues to resonate with the highest-quality partner-owned investment firms. In October, we made an investment in a leading communications infrastructure firm with excellent forward prospects, given the strong secular demand for mobile data. This new partnership enhances our participation in the highly-attractive real asset space, and further diversifies our business profile.

“Looking ahead, the current environment presents unique opportunities for AMG given the diversity and quality of our Affiliates, and our strong and flexible capital position. In addition, the proceeds from the October sale of our minority interest in Baring Private Equity Asia significantly enhance our financial flexibility to allocate capital across AMG’s unique opportunity set to the areas of highest growth and return. We remain focused on executing our strategy and confident in our ability to create meaningful shareholder value over time."

FINANCIAL HIGHLIGHTSThree Months EndedNine Months Ended
(in millions, except as noted and per share data)9/30/20219/30/20229/30/20219/30/2022
Operating Performance Measures
AUM (at period end, in billions)$747.8 $644.6 $747.8 $644.6 
Average AUM (in billions)751.8 680.1 745.8 731.8 
Net client cash flows (in billions)3.3 (8.8)(12.3)(22.5)
Aggregate fees1,076.2 1,165.5 3,676.2 3,675.6 
Financial Performance Measures
Net income (controlling interest)$128.4 $112.6 $387.3 $368.0 
Earnings per share (diluted) (1)
3.00 2.80 8.95 8.83 
Supplemental Performance Measures (2)
Adjusted EBITDA (controlling interest)$227.7 $220.4 $701.8 $689.1 
Economic net income (controlling interest)168.5 166.4 524.5 516.9 
Economic earnings per share4.00 4.21 12.28 12.85 

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

__________________________
* AMG sold its minority interest in BPEA and invested in a new Affiliate in October 2022; accordingly, the financial impact of these transactions is not included in the presentation of third quarter financial results.




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Capital Management
During the third quarter of 2022, the Company repurchased approximately $80 million in common stock, bringing total year-to-date share repurchases to approximately $345 million, and announced a third-quarter cash dividend of $0.01 per share of common stock, payable December 1, 2022 to stockholders of record as of the close of business on November 17, 2022. In addition, AMG’s Board of Directors
increased the Company’s share repurchase authorization to a total of 5.8 million shares.

About AMG
AMG is a leading partner to independent active investment management firms globally. AMG’s strategy is to generate long‐term value by investing in a diverse array of 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. AMG’s innovative partnership approach enables each Affiliate’s management team to own significant equity in their firm while maintaining operational and investment autonomy. In addition, AMG offers its Affiliates growth capital, global distribution, and other strategic value-added capabilities, which enhance the long-term growth of these independent businesses, and enable them to align equity incentives across generations of principals to build enduring franchises. As of September 30, 2022, AMG’s aggregate assets under management were approximately $645 billion across a broad range of return-oriented 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 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 after the conclusion of the call. To hear a replay of the call, please dial 1-877-660-6853 (U.S. calls) or 1-201-612-7415 (non-U.S. calls) and provide conference ID 13733437. The live call and replay of the session and a presentation highlighting the Company's performance can also be accessed via AMG’s website at https://ir.amg.com/.

Financial Tables Follow

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ASSETS UNDER MANAGEMENT - STATEMENT OF CHANGES (in billions)
BY STRATEGY - QUARTER TO DATEAlternativesGlobal EquitiesU.S. EquitiesMulti-Asset &
Fixed Income		Total
AUM, June 30, 2022$243.8 $201.1 $134.3 $111.7 $690.9 
Client cash inflows and commitments7.7 4.5 5.0 5.7 22.9 
Client cash outflows(5.5)(12.2)(6.4)(7.6)(31.7)
Net client cash flows2.2 (7.7)(1.4)(1.9)(8.8)
Market changes(0.7)(11.5)(5.9)(3.1)(21.2)
Foreign exchange(3.3)(5.8)(1.2)(1.3)(11.6)
Realizations and distributions (net)(4.6)(0.0)(0.0)(0.1)(4.7)
Other (0.0)0.1 (0.1)(0.0)(0.0)
AUM, September 30, 2022$237.4 $176.2 $125.7 $105.3 $644.6 
BY STRATEGY - YEAR TO DATEAlternativesGlobal EquitiesU.S. EquitiesMulti-Asset &
Fixed Income		Total
AUM, December 31, 2021$238.2 $277.5 $170.7 $127.4 $813.8 
Client cash inflows and commitments30.0 16.0 19.1 17.3 82.4 
Client cash outflows(15.1)(45.2)(24.8)(19.8)(104.9)
Net client cash flows14.9 (29.2)(5.7)(2.5)(22.5)
Market changes0.5 (60.2)(37.2)(17.1)(114.0)
Foreign exchange(7.3)(11.8)(2.1)(2.0)(23.2)
Realizations and distributions (net)(8.9)(0.1)(0.0)(0.2)(9.2)
Other 0.0 (0.0)(0.0)(0.3)(0.3)
AUM, September 30, 2022$237.4 $176.2 $125.7 $105.3 $644.6 
BY CLIENT TYPE - QUARTER TO DATEInstitutionalRetailHigh Net
Worth		Total
AUM, June 30, 2022$368.0 $194.6 $128.3 $690.9 
Client cash inflows and commitments8.9 8.0 6.0 22.9 
Client cash outflows(13.2)(11.5)(7.0)(31.7)
Net client cash flows(4.3)(3.5)(1.0)(8.8)
Market changes(7.7)(9.0)(4.5)(21.2)
Foreign exchange(6.2)(4.5)(0.9)(11.6)
Realizations and distributions (net)(4.6)(0.0)(0.1)(4.7)
Other 0.1 (0.1)0.0 (0.0)
AUM, September 30, 2022$345.3 $177.5 $121.8 $644.6 
BY CLIENT TYPE - YEAR TO DATEInstitutionalRetailHigh Net
Worth		Total
AUM, December 31, 2021$413.8 $252.5 $147.5 $813.8 
Client cash inflows and commitments32.9 30.8 18.7 82.4 
Client cash outflows(42.0)(43.0)(19.9)(104.9)
Net client cash flows(9.1)(12.2)(1.2)(22.5)
Market changes(40.5)(49.7)(23.8)(114.0)
Foreign exchange(11.9)(10.1)(1.2)(23.2)
Realizations and distributions (net)(8.5)(0.3)(0.4)(9.2)
Other 1.5 (2.7)0.9 (0.3)
AUM, September 30, 2022$345.3 $177.5 $121.8 $644.6 


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CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended
(in millions, except per share data)9/30/20219/30/2022
Consolidated revenue$575.2 $578.6 
Consolidated expenses:
Compensation and related expenses256.4 273.8 
Selling, general and administrative82.9 93.2 
Intangible amortization and impairments8.9 14.4 
Interest expense28.5 28.3 
Depreciation and other amortization4.0 3.8 
Other expenses (net)14.6 11.9 
Total consolidated expenses395.3 425.4 
Equity method income (net)(3)
35.9 44.8 
Investment and other income37.5 3.1 
Income before income taxes253.3 201.1 
Income tax expense 44.9 36.8 
Net income208.4 164.3 
Net income (non-controlling interests)(80.0)(51.7)
Net income (controlling interest)$128.4 $112.6 
Average shares outstanding (basic)41.1 38.2 
Average shares outstanding (diluted)44.3 43.5 
Earnings per share (basic)$3.12 $2.95 
Earnings per share (diluted)(1)
$3.00 $2.80 
RECONCILIATIONS OF SUPPLEMENTAL PERFORMANCE MEASURES(2)
Three Months Ended
(in millions, except per share data)9/30/20219/30/2022
Net income (controlling interest)$128.4 $112.6 
Intangible amortization and impairments35.6 41.9 
Intangible-related deferred taxes 12.0 12.7 
Other economic items(7.5)(0.8)
Economic net income (controlling interest)$168.5 $166.4 
Average shares outstanding (adjusted diluted) 42.2 39.5 
Economic earnings per share$4.00 $4.21 
Net income (controlling interest)$128.4 $112.6 
Interest expense28.5 28.3 
Income taxes42.6 34.8 
Intangible amortization and impairments35.6 41.9 
Other items(7.4)2.8 
Adjusted EBITDA (controlling interest)$227.7 $220.4 

See Notes for additional information.

- 4 -


CONSOLIDATED STATEMENTS OF INCOME
Nine Months Ended
(in millions, except per share data)9/30/20219/30/2022
Consolidated revenue$1,720.6 $1,789.9 
Consolidated expenses:
Compensation and related expenses752.2 797.0 
Selling, general and administrative250.3 275.7 
Intangible amortization and impairments25.3 39.4 
Interest expense82.8 84.7 
Depreciation and other amortization12.5 11.9 
Other expenses (net)40.6 12.3 
Total consolidated expenses1,163.7 1,221.0 
Equity method income (net)(3)
125.1 123.9 
Investment and other income (expense)91.1 (5.3)
Income before income taxes773.1 687.5 
Income tax expense166.4 130.5 
Net income606.7 557.0 
Net income (non-controlling interests)(219.4)(189.0)
Net income (controlling interest)$387.3 $368.0 
Average shares outstanding (basic)41.8 38.8 
Average shares outstanding (diluted)44.8 47.8 
Earnings per share (basic)$9.28 $9.48 
Earnings per share (diluted)(1)
$8.95 $8.83 
RECONCILIATIONS OF SUPPLEMENTAL PERFORMANCE MEASURES(2)
Nine Months Ended
(in millions, except per share data)9/30/20219/30/2022
Net income (controlling interest)$387.3 $368.0 
Intangible amortization and impairments111.7 116.9 
Intangible-related deferred taxes 51.9 41.2 
Other economic items(26.4)(9.2)
Economic net income (controlling interest)$524.5 $516.9 
Average shares outstanding (adjusted diluted) 42.7 40.2 
Economic earnings per share$12.28 $12.85 
Net income (controlling interest)$387.3 $368.0 
Interest expense82.8 84.7 
Income taxes153.2 121.1 
Intangible amortization and impairments111.7 116.9 
Other items(33.2)(1.6)
Adjusted EBITDA (controlling interest)$701.8 $689.1 

See Notes for additional information.

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CONSOLIDATED BALANCE SHEET
Period Ended
(in millions)12/31/20219/30/2022
Assets
Cash and cash equivalents$908.5 $622.9 
Receivables419.2 377.7 
Investments in marketable securities78.5 183.7 
Goodwill2,689.2 2,627.9 
Acquired client relationships (net)1,966.4 1,864.1 
Equity method investments in Affiliates (net)2,134.4 2,046.8 
Fixed assets (net)73.9 70.1 
Other investments375.2 353.7 
Other assets231.1 283.3 
Total assets$8,876.4 $8,430.2 
Liabilities and Equity
Payables and accrued liabilities$789.1 $569.1 
Debt(4)
2,490.4 2,534.8 
Deferred income tax liability (net)503.2 491.7 
Other liabilities709.2 692.6 
Total liabilities4,491.9 4,288.2 
Redeemable non-controlling interests673.9 486.6 
Equity:
Common stock0.6 0.6 
Additional paid-in capital651.6 709.6 
Accumulated other comprehensive loss(87.9)(213.9)
Retained earnings4,569.5 4,940.7 
5,133.8 5,437.0 
Less: treasury stock, at cost(2,347.4)(2,670.8)
Total stockholders’ equity2,786.4 2,766.2 
Non-controlling interests924.2 889.2 
Total equity3,710.6 3,655.4 
Total liabilities and equity$8,876.4 $8,430.2 














See Notes for additional information.
- 6 -


Notes

(1)    Earnings per share (diluted) adjusts for the dilutive effect of the potential issuance of incremental shares of our common stock.

Prior to 2022, we excluded any potential dilutive effect from possible share settlements of Redeemable non-controlling interests as we intend to settle in cash. Upon adoption of Accounting Standard Update 2020-06, Debt with Conversion and Other Options and Derivatives and Hedging - Contracts in Entity’s Own Equity ("ASU 2020-06"), we must assume the settlement of all of our Redeemable non-controlling interests using the maximum number of shares permitted under our arrangements. The issuance of shares and the related income acquired are excluded from the calculation if an assumed purchase of Redeemable non-controlling interests would be anti-dilutive to diluted earnings per share.

We had junior convertible securities outstanding during the periods presented and are required to apply the if-converted method to these securities in our calculation of Earnings per share (diluted). Under the if-converted method, shares that are issuable upon conversion are deemed outstanding, regardless of whether the securities are contractually convertible into our common stock at that time. For this calculation, the interest expense (net of tax) attributable to these dilutive securities is added back to Net income (controlling interest), reflecting the assumption that the securities have been converted. Issuable shares for these securities and related interest expense are excluded from the calculation if an assumed conversion would be anti-dilutive to diluted earnings per share.

The following table provides a reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per share:
Three Months Ended Nine Months Ended
(in millions)9/30/20219/30/20229/30/20219/30/2022
Numerator
Net income (controlling interest)$128.4 $112.6 $387.3 $368.0 
Income from hypothetical settlement of Redeemable non-controlling interests, net of taxes— 5.8 — 43.4 
Interest expense on junior convertible securities, net of taxes4.6 3.4 13.9 10.6 
Net income (controlling interest), as adjusted$133.0 $121.8 $401.2 $422.0 
Denominator
Average shares outstanding (basic)41.1 38.2 41.8 38.8 
Effect of dilutive instruments:
Stock options and restricted stock units1.1 1.3 0.9 1.4 
Hypothetical issuance of shares to settle Redeemable non-controlling interests— 2.3 — 5.7 
Junior convertible securities2.1 1.7 2.1 1.9 
Average shares outstanding (diluted)44.3 43.5 44.8 47.8 

(2)    As supplemental information, we provide non-GAAP performance measures of Adjusted EBITDA (controlling interest), Economic net income (controlling interest), and Economic earnings per share. Management utilizes these non-GAAP performance measures to assess our performance before our share of certain non-cash expenses and to improve comparability between periods.

Adjusted EBITDA (controlling interest) represents our performance before our share of interest expense, income taxes, depreciation, amortization, impairments, certain Affiliate equity expenses, certain gains and losses, including on general partner and seed capital investments, certain non-income based taxes, and adjustments to our contingent payment obligations. We believe that many investors use this non-GAAP measure when assessing the financial performance of companies in the investment management industry.

Under our Economic net income (controlling interest) definition, we add to Net income (controlling interest) our share of pre-tax intangible amortization and impairments (including the portion attributable to equity method investments in Affiliates), deferred taxes related to intangible assets, and other economic items which include certain gains and losses, principally related to the accounting for contingent payment obligations as well as general partner and seed capital investments, tax windfalls and shortfalls from share-based compensation, certain Affiliate equity expenses, and non-cash imputed interest. Economic net income (controlling interest) is used by management and our Board of Directors as our principal performance benchmark, including as one of the measures for aligning executive compensation with stockholder value.

Economic earnings per share represents Economic net income (controlling interest) divided by the Average shares outstanding (adjusted diluted). In this calculation, we exclude the potential shares issued upon settlement of Redeemable non-controlling interests from Average shares outstanding (adjusted diluted) because we intend to settle those obligations without issuing shares, consistent with all prior Affiliate equity purchase transactions. The potential share issuance in connection with our junior convertible securities is measured using a “treasury stock” method. Under this method, only the net number of shares of common stock equal to the value of the junior convertible securities in excess of par, if any, are deemed to be outstanding. We believe the inclusion of net shares under a treasury stock method best reflects the benefit of the increase in available capital resources (which could be used to repurchase shares of common stock) that occurs when these securities are converted and we are relieved of our debt obligation.

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Notes (continued)

The following table provides a reconciliation of Average shares outstanding (adjusted diluted):
Three Months Ended Nine Months Ended
(in millions)9/30/20219/30/20229/30/20219/30/2022
Average shares outstanding (diluted)44.3 43.5 44.8 47.8 
Hypothetical issuance of shares to settle Redeemable non-controlling interests— (2.3)— (5.7)
Junior convertible securities (2.1)(1.7)(2.1)(1.9)
Average shares outstanding (adjusted diluted)42.2 39.5 42.7 40.2 

These non-GAAP performance measures are provided in addition to, but not as a substitute for, Net income (controlling interest), Earnings per share, or other GAAP performance measures. For additional information on our non-GAAP measures, see our Annual and Quarterly Reports on Form 10-K and 10-Q, respectively, which are accessible on the SEC’s website at www.sec.gov.

(3)    The following table presents equity method earnings and equity method intangible amortization and impairments, which in aggregate form Equity method income (net):
Three Months EndedNine Months Ended
(in millions)9/30/20219/30/20229/30/20219/30/2022
Equity method earnings$65.2 $76.2 $218.9 $213.2 
Equity method intangible amortization(29.3)(31.4)(93.8)(89.3)
Equity method intangible impairments— — — — 
Equity method income (net)$35.9 $44.8 $125.1 $123.9 

(4)    Effective January 1, 2022, the Company adopted ASU 2020-06, which impacted the treatment of our junior convertible securities. The adoption resulted in increases in Debt and beginning Retained earnings of $101.5 million and $4.5 million, respectively, and decreases in Additional paid-in-capital and Deferred income tax liability (net) of $80.6 million and $25.4 million, respectively.

Forward-Looking Statements and Other Matters
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “guidance,” “believes,” “expects,” “potential,” "preliminary," “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “projects,” “positioned,” “prospects,” “intends,” “plans,” “estimates,” “pending investments,” “anticipates,” or the negative version of these words or other comparable words. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including changes in the securities or financial markets or in general economic conditions, pandemics and related changes in the global economy, capital markets and the asset management industry, the availability of equity and debt financing, competition for acquisitions of interests in investment management firms, uncertainties relating to closing of pending investments or transactions and potential changes in the anticipated benefits thereof, the investment performance and growth rates of our Affiliates and their ability to effectively market their investment strategies, the mix of Affiliate contributions to our earnings, and other risks, uncertainties, and assumptions, including those described under the section entitled “Risk Factors” in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Such factors may be updated from time to time in our periodic filings with the SEC. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as required by applicable law.

From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.
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v3.22.2.2
Cover page
Nov. 07, 2022
Entity Information [Line Items]  
Document Type 8-K
Document Period End Date Nov. 07, 2022
Entity Registrant Name AFFILIATED MANAGERS GROUP, INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-13459
Entity Tax Identification Number 04-3218510
Entity Address, Address Line One 777 South Flagler Drive
Entity Address, City or Town West Palm Beach
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33401
City Area Code 800
Local Phone Number 345-1100
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001004434
Amendment Flag false
Common Stock ($0.01 par value)  
Entity Information [Line Items]  
Title of 12(b) Security Common Stock ($0.01 par value)
Trading Symbol AMG
Security Exchange Name NYSE
5.875% Junior Subordinated Notes due 2059  
Entity Information [Line Items]  
Title of 12(b) Security 5.875% Junior Subordinated Notes due 2059
Trading Symbol MGR
Security Exchange Name NYSE
Four Point Seventy Five Junior Subordinated Notes Due 2060  
Entity Information [Line Items]  
Title of 12(b) Security 4.750% Junior Subordinated Notes due 2060
Trading Symbol MGRB
Security Exchange Name NYSE
Four Point Two Junior Subordinated Notes Due 2061  
Entity Information [Line Items]  
Title of 12(b) Security 4.200% Junior Subordinated Notes due 2061
Trading Symbol MGRD
Security Exchange Name NYSE


This regulatory filing also includes additional resources:
courtesy.pdf
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