AB AUM unchanged at $829B in July; $4B institutional outflows from EQH-RGA deal

ALLIANCEBERNSTEIN HOLDING L.P.

Preliminary AUM flat at $829B as of July 31, 2025 vs June 30.
Net outflows of ~$4B from institutions due to completion of EQH-RGA reinsurance transaction.
Excluding transaction, institutional and retail net flows slightly negative; private wealth roughly flat.
Equity AUM $347B, Fixed Income $299B, Alternatives/Multi-Asset $183B.

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