ALLIANCEBERNSTEIN HOLDING L.P.
Business
ALLIANCEBERNSTEIN HOLDING L.P. provides global investment management, research and related services to institutional, retail and private wealth clients. It offers actively and passively managed equity and fixed income strategies, alternatives and multi‑asset solutions, ESG and impact strategies, wealth advisory, custody and related distribution and servicing functions, supported by in‑depth fundamental and quantitative research. Its operations are organized around three buy‑side distribution channels — Institutions, Retail and Private Wealth Management — and include Bernstein Research Services as a joint venture. AB distributes products worldwide through institutional mandates, financial intermediaries and direct private wealth relationships.
Summary from filing dated 2025-02-14
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Equity in net income attributable to AB Unitholders | 333 | 462 | 300 | 306 | 416 | |
| Income taxes | 33 | 39 | 36 | 31 | 30 | |
| Net income | 300 | 423 | 264 | 274 | 386 | |
| Basic (in dollars per share) | 2.97 | 3.71 | 2.34 | 2.69 | 3.88 | |
| Diluted (in dollars per share) | 2.97 | 3.71 | 2.34 | 2.69 | 3.88 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Investment in AB | 1,240 | 2,035 | 2,078 | 2,075 | 1,624 | |
| Total assets | 1,240 | 2,035 | 2,078 | 2,075 | 1,624 | |
| Other liabilities | 2 | 3 | 1 | 2 | 2 | |
| Total liabilities | 2 | 3 | 1 | 2 | 2 | |
| Commitments and contingencies (See Note 7) | — | — | — | — | — | |
| General Partner: 100,000 general partnership units issued and outstanding | 1 | 1 | 1 | 1 | 1 | |
| Limited partners: 92,184,367 and 110,430,329 limited partnership units issued and outstanding | 1,278 | 2,095 | 2,147 | 2,160 | 1,696 | |
| AB Holding Units held by AB to fund long-term incentive compensation plans | −23 | −23 | −30 | −38 | −43 | |
| Accumulated other comprehensive loss | −18 | −41 | −42 | −51 | −33 | |
| Total partners capital | 1,238 | 2,032 | 2,076 | 2,073 | 1,622 | |
| Total liabilities and partners capital | 1,240 | 2,035 | 2,078 | 2,075 | 1,624 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash distributions received from AB | 386 | 378 | 330 | 394 | 385 | |
| (Decrease) increase in other liabilities | −1 | 1 | −328,000 | −517,000 | 264,000 | |
| Net cash provided by operating activities | 352 | 340 | 294 | 363 | 355 | |
| Cash distributions to Unitholders | −352 | −341 | −296 | −361 | −357 | |
| Capital contributions from AB | 83,000 | 770,000 | 2 | 0 | 2 | |
| Net cash used in financing activities | −352 | −340 | −294 | −361 | −352 | |
| Change in cash and cash equivalents | 0 | 0 | 0 | 0 | 0 | |
| Income taxes | 34 | 37 | 36 | 32 | 30 | |
| Retirement of AB Holding Units in connection with the EQH Exchange and Amended Exchange Agreement | −820 | −185 | 0 | — | — |