Alliancebernstein Holding L.P. (AB) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

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Alliancebernstein Holding L.P.
Ticker: AB CIK: 825313



	Andrea Prochniak, Investors 212.756.4542 andrea.prochniak@alliancebernstein.com	Jonathan Freedman, Media 212.823.2687 jonathan.freedman@alliancebernstein.com

ALLIANCEBERNSTEIN HOLDING L.P. ANNOUNCES FOURTH QUARTER RESULTS

GAAP Diluted Net Income of $0.84 per Unit

Adjusted Diluted Net Income of $0.84 per Unit

Cash Distribution of $0.84 per Unit

New York, NY, February 13, 2018 - AllianceBernstein L.P. (“AB”) and AllianceBernstein Holding L.P. (“AB Holding”) (NYSE: AB) today reported financial and operating results for the quarter ended December 31, 2017.

“Our outstanding momentum with clients culminated in impressive operating results in 2017,” said Seth P. Bernstein, President and CEO of AllianceBernstein. “Not only did we attract $19.1 billion in active net inflows and increase our average fee rate by 2.7%; we also grew both adjusted net revenues and operating income by double-digits, and expanded our adjusted operating margin for the sixth consecutive year, to 27.7%.”



(US $ Thousands except per Unit amounts)	4Q 2017			4Q 2016			4Q 2017 vs 4Q 2016 % Change		2017			2016			2017 vs 2016 % Change

U.S. GAAP Financial Measures
Net revenues	$	919,141		$	786,256		16.9	%	$	3,298,521		$	3,028,779		8.9	%
Operating income	$	283,035		$	222,239		27.4	%	$	773,910		$	723,165		7.0	%
Operating margin	29.9		%	27.4		%	250 bps		21.7		%	23.2		%	(150 bps)
AB Holding Diluted EPU	$	0.84		$	0.77		9.1	%	$	2.19		$	2.23		(1.8	%)

Adjusted Financial Measures ⁽¹⁾
Net revenues	$	770,139		$	661,969		16.3	%	$	2,704,016		$	2,469,314		9.5	%
Operating income	$	271,816		$	208,863		30.1	%	$	750,118		$	624,402		20.1	%
Operating margin	35.3		%	31.6		%	370 bps		27.7		%	25.3		%	240 bps
AB Holding Diluted EPU	$	0.84		$	0.67		25.4	%	$	2.30		$	1.89		21.7	%
AB Holding cash distribution per Unit	$	0.84		$	0.67		25.4	%	$	2.30		$	1.92		19.8	%

(US $ Billions)
Assets Under Management
Ending AUM	$	554.5		$	480.2		15.5	%	$	554.5		$	480.2		15.5	%
Average AUM	$	545.3		$	482.9		12.9	%	$	518.0		$	480.0		7.9	%

(1) The adjusted financial measures are all non-GAAP financial measures. See page 15 for reconciliations of GAAP Financial Results to Adjusted Financial Results and pages 16-17 for notes describing the adjustments.



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The following information was filed by Alliancebernstein Holding L.P. (AB) on Tuesday, February 13, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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