1、ALLIANCEBERNSTEIN HOLDING L.P.ANNOUNCES THIRD QUARTER RESULTSGAAP Net Income of$0.79 per UnitAdjusted Net Income of$0.86 per UnitCash Distribution of$0.86 per UnitNashville,TN,October 23,2025-AllianceBernstein L.P.(“AB”)and AllianceBernstein Holding L.P.(“AB Holding”)(NYSE:AB)today reported financia

2、l and operating results for the quarter ended September 30,2025.AllianceBernsteins strong financial and operational results in the third quarter reflect our focused execution on strategic objectives,including forming new partnerships and enhancing our capabilities to better serve our clients,said Se

3、th Bernstein,President and CEO of AllianceBernstein.Excluding$4.0 billion outflows related to the pre-announced Equitable-RGA reinsurance transaction,third quarter inflows netted$1.7 billion,driven by sustained organic growth in our tax-exempt and private alternative strategies.Inflows into our mark

4、et-leading tax-exempt franchise accelerated to$4.1 billion inflows,driven by retail and private wealth gains.Additionally,institutional deployments in our private alternative strategies drove$3.2 billion alternatives/multi-asset inflows,bringing our private markets AUM to nearly$80 billion and movin

5、g us closer to our$90 to$100 billion target by 2027.While active equities extended a persistent trend with$6.4 billion outflows,taxable fixed income outflows of$4.2 billion were largely episodic in the quarter.Excluding the above-mentioned reinsurance transaction,firmwide taxable net flows were roug

6、hly flat,with modest inflows across retail and private wealth.Compared to prior year,average AUM and advisory base fees grew 7%and 5%,respectively.Adjusted operating income increased 15%and adjusted operating margin of 34.2%expanded by 290 bps.Adjusted earnings per Unit and distributions to Unithold