News Release

Virtus Investment Partners Announces Financial Results for Second Quarter 2021

Earnings Per Share - Diluted of $7.86; Earnings Per Share - Diluted, as Adjusted, of $9.07
Total Sales of $9.6B; Net Flows of $1.3B; Total AUM of $178.6B

Hartford, CT, July 28, 2021
- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported financial results for the three months ended June 30, 2021.

Financial Highlights (Unaudited)
(in millions, except per share data or as noted)
Three Months EndedThree Months Ended
U.S. GAAP Financial Measures
Revenues$244.0 $132.9 84 %$216.9 12 %
Operating expenses$157.6 $106.3 48 %$154.8 %
Operating income (loss)$86.4 $26.6 225 %$62.1 39 %
Operating margin35.4 %20.0 %28.7 %
Net income (loss) attributable to common stockholders$63.0 $11.3 458 %$36.6 72 %
Earnings (loss) per share - diluted$7.86 $1.43 450 %$4.54 73 %
Weighted average shares outstanding - diluted8.007 7.895 %8.052 (1 %)
Non-GAAP Financial Measures (1)
Revenues, as adjusted$210.3 $118.1 78 %$187.3 12 %
Operating expenses, as adjusted$107.4 $77.6 38 %$109.3 (2 %)
Operating income (loss), as adjusted$102.9 $40.5 154 %$78.0 32 %
Operating margin, as adjusted48.9 %34.3 %41.6 %
Net income (loss) attributable to common stockholders, as adjusted$72.7 $25.6 184 %$54.6 33 %
Earnings (loss) per share - diluted, as adjusted$9.07 $3.24 180 %$6.78 34 %
Weighted average shares outstanding - diluted, as adjusted8.007 7.895 %8.052 (1 %)
(1) See the information beginning on page 11 for reconciliations to the most directly comparable U.S. GAAP measures and other important disclosures

Earnings Summary
The company presents U.S. GAAP and non-GAAP earnings information in this release. Management believes that the non-GAAP financial measures presented reflect the company’s operating results from providing investment management and related services to individuals and institutions and uses these measures to evaluate financial performance. Non-GAAP financial measures have material limitations and should not be viewed in isolation or as a substitute for U.S. GAAP measures. Reconciliations of the non-GAAP financial measures to the most comparable U.S. GAAP measures can be found beginning on page 11 of this earnings release.

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 |

The following information was filed by Virtus Investment Partners, Inc. (VRTS) on Wednesday, July 28, 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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