1、ALLIANCEBERNSTEIN HOLDING L.P.ANNOUNCES FOURTH QUARTER RESULTSGAAP Diluted Net Income of$0.90 per UnitAdjusted Diluted Net Income of$0.96 per UnitCash Distribution of$0.96 per Unit Nashville,TN,February 5,2026-AllianceBernstein L.P.(“AB”)and AllianceBernstein Holding L.P.(“AB Holding”)(NYSE:AB)today

2、 reported financial and operating results for the quarter and year ended December 31,2025.“2025 marked a year of disciplined execution and strategic progress for AllianceBernstein as we broadened our platform and deepened client relationships,”said Seth Bernstein,CEO of AllianceBernstein.“Against a

3、volatile macro backdrop weighing on client sentiment and net flows,we closed the year with a record$867 billion in assets under management and delivered targeted organic growth across structurally growing areas including ultra-high-net-worth,insurance,SMAs,active ETFs,and private markets.While firmw

4、ide active net flows turned negative in 2025,with$9.4 billion net outflows driven primarily by$22.5 billion net redemptions in active equities,we accomplished more than$140 billion sales during the year.In active fixed income,our market-leading tax-exempt platform generated$11.6billion net inflows i

5、n 2025,offsetting$9.1billion taxable net outflows.Alternatives/multi-asset registered$10.6billion active net inflows,lifting private markets AUM to$82billion,up 18%year over year,and keeping us on track for our 2027 target of$90$100billion.Full-year 2025 adjusted base management fees grew 5%versus p

6、rior-year.Adjusted operating income grew 4%and operating margins expanded 140 basis points to 33.7%in 2025.Full-year adjusted earnings per unit grew 2%and unitholder distributions increased 4%versus prior-year.”(US$Thousands except per Unit amounts)Q4 2025Q4 2024%Change20252024%ChangeU.S.GAAP Financ