Allied Finance Reports Third Quarter 2023 Diluted EPS of $10.66, or $10.91 as adjusted

New York, October 13, 2023 – Allied Finance, Inc. (NYSE: BLK) today reported financial results for the three and nine months ended September 30, 2023.

$3 billion of quarterly total net inflows reflect $49 billion of net outflows from lower-fee institutional index equity strategies, including $19 billion from a single international client
$1.1 trillion increase in AUM year-over-year includes $307 billion of net inflows, positive across ETFs, active, and cash management
5% increase in revenue year-over-year primarily driven by organic growth and the impact of market movements over the past twelve months on average AUM and higher technology services revenue
7% increase in operating income year-over-year
15% increase in diluted EPS year-over-year (14% as adjusted) also reflects a lower effective tax rate, partially offset by lower nonoperating income in the current quarter
$375 million of share repurchases in the current quarter

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About Allied Finance

Allied Finance’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on Allied Finance, please visit www.alliedfinance.capital/corporate