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[ ] Mark Griffin , Investors 629.213.5672 Jennifer Casey , Media 212.969.1157 mark.griffin@alliancebernstein.com jennifer.casey@alliancebernstein.com ALLIANCEBERNSTEIN HOLDING L.P. ANNOUNCES THIRD QUARTER RESULTS GAAP Diluted Net Income of $ 0.89 per Unit Adjusted Diluted Net Income of $ 0.89 per Unit - Cash Distribution of $ 0.89 per Unit Nashville , TN , October 28 , 2021 AllianceBernstein L.P. ( " AB " ) and AllianceBernstein Holding L.P. ( " AB Holding " ) ( NYSE : AB ) today reported financial and operating results for the quarter ended September 30 , 2021 . " AB's differentiated investment solutions , combined with our strength in global distribution , continued to deliver for our clients , " said Seth P. Bernstein , President and CEO of AllianceBernstein . " Net inflows were $ 7.2 billion , or 4 % annualized organic growth . All three client channels posted net inflows , for the fourth time in the last five quarters , driven by strong organic growth in active equities ( including ESG ) and municipals . Investment performance strengthened , with 70 % or more of fixed income and equity assets outperforming on a 1- , 3- and 5 - year basis . On a year - over - year basis , our adjusted operating margin of 31.8 % expanded by 210 basis points , and adjusted earnings per unit and distributions to Unitholders increased by 29 % . " ( US $ Thousands except per Unit amounts ) U.S. GAAP Financial Measures Net revenues Operating income Operating margin AB Holding Diluted EPU 3Q 2021 3Q 2020 % Change 2Q 2021 % Change $ 1,092,832 $ $ 279,650 $ 25.7 % $ 0.89 $ 900,038 217,146 24.1 % 0.70 21.4 % $ 28.8 % $ 160 bps 27.1 % $ 1,076,822 283,623 26.0 % 0.91 1.5 % ( 1.4 % ) ( 30 bps ) ( 2.2 % ) Adjusted Financial Measures ( 1 ) Net revenues $ Operating income $ EA EA 883,598 $ 726,997 280,716 $ 216,225 21.5 % $ 29.8 % $ 881,635 279,171 0.2 % 0.6 % Operating margin 31.8 % 29.7 % 210 bps 31.7 % 10 bps AB Holding Diluted EPU $ 0.89 $ 0.69 29.0 % $ 0.91 ( 2.2 % ) AB Holding cash distribution per Unit $ 0.89 $ 0.69 29.0 % $ 0.91 ( 2.2 % ) ( US $ Billions ) Assets Under Management ( " AUM " ) Ending AUM Average AUM $ $ 742.2 $ 747.4 $ 630.8 624.3 17.7 % $ 19.7 % $ 738.4 722.6 0.5 % 3.4 % ( 1 ) The adjusted financial measures represent non - GAAP financial measures . See page 12 for reconciliations of GAAP Financial Results to Adjusted Financial Results and pages 13-14 for notes describing the adjustments . www.alliancebernstein.com 1 of 14