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Alliancebernstein Holding L.P. (AB) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

Alliancebernstein Holding L.P.

CIK: 825313 Ticker: AB
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Mark Griffin, Investors
629.213.5672
mark.griffin@alliancebernstein.com
                       


Jennifer Casey, Media
212.969.1157
jennifer.casey@alliancebernstein.com
                       


ALLIANCEBERNSTEIN HOLDING L.P. ANNOUNCES SECOND QUARTER RESULTS
GAAP Diluted Net Income of $0.91 per Unit
Adjusted Diluted Net Income of $0.91 per Unit
Cash Distribution of $0.91 per Unit

Nashville, TN, July 29, 2021 - AllianceBernstein L.P. (“AB”) and AllianceBernstein Holding L.P. (“AB Holding”) (NYSE: AB) today reported financial and operating results for the quarter ended June 30, 2021.
“We continue to drive consistent organic growth across our diversified global platform," said Seth P. Bernstein, President and CEO of AllianceBernstein. “Active net inflows were $6.7 billion, or 4% annualized organic growth, including both the final quarter of planned AXA redemptions and outflows from the Venerable transaction. Once again all three client channels grew, driven by double-digit annualized organic growth in active equities (including ESG), tax-aware passive equities, municipals, alternatives and multi-asset. Our investment teams continued to deliver both improved near- and long-term performance, with two-thirds or more of fixed income and equity assets outperforming on a 3- and 5-year basis. On a year-over-year basis, our adjusted operating margin of 31.7% expanded by 380 basis points, and adjusted earnings per unit and distributions to Unitholders increased by 49%."

(US $ Thousands except per Unit amounts)2Q 20212Q 2020% Change1Q 2021% Change
U.S. GAAP Financial Measures
Net revenues$1,076,822 $871,449 23.6 %$1,007,266 6.9 %
Operating income$283,623 $209,647 35.3 %$260,584 8.8 %
Operating margin26.0 %21.7 %430 bps25.9 %10 bps
AB Holding Diluted EPU $0.91 $0.59 54.2 %$0.81 12.3 %
Adjusted Financial Measures (1)
Net revenues$881,635 $698,725 26.2 %$819,978 7.5 %
Operating income$279,171 $195,013 43.2 %$260,061 7.3 %
Operating margin31.7 %27.9 %380 bps31.7 %
AB Holding Diluted EPU $0.91 $0.61 49.2 %$0.81 12.3 %
AB Holding cash distribution per Unit$0.91 $0.61 49.2 %$0.81 12.3 %
(US $ Billions)
Assets Under Management ("AUM")
Ending AUM$738.4 $600.0 23.1 %$697.2 5.9 %
Average AUM$722.6 $578.5 24.9 %$688.5 5.0 %
(1) The adjusted financial measures represent non-GAAP financial measures. See page 12 for reconciliations of GAAP Financial Results to Adjusted Financial Results and pages 13-14 for notes describing the adjustments.
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The following information was filed by Alliancebernstein Holding L.P. (AB) on Thursday, July 29, 2021 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Alliancebernstein Holding L.P.'s 10-Q Quarterly Report:
Ticker: AB
CIK: 825313
Form Type: 10-Q Quarterly Report
Accession Number: 0000825313-21-000068
Submitted to the SEC: Thu Oct 28 2021 6:35:26 AM EST
Accepted by the SEC: Thu Oct 28 2021
Period: Thursday, September 30, 2021
Industry: Investment Advice

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