12M 2022: Operating revenues were 8.2 billion euros, down by 1.9 percent due to lower performance fees as well as softer AuM-driven revenues.
Operating profit was 3.2 (3.5) billion euros, down 8.3 percent from the prior-year period. The cost-income ratio (CIR) rose to 61.2 percent (58.4 percent).
Third-party assets under management4 were 1.635 trillion euros as of December 31, 2022, down by 331 billion euros from the end of 2021. A positive impact of 81.6 billion euros foreign currency translation effects was more than offset by unfavorable market impacts of 301.1 billion euros, net outflows of 81.4 billion euros and a negative impact of 30.3 billion euros, mainly resulting from the Voya transaction.
4Q 2022: Operating revenues were 2.1 billion euros, down 15.3 percent, reflecting the impact of lower AuM-driven revenues and performance fees.
Operating profit was 806 (1,035) million euros, down 22.2 percent from the prior-year period
Third-party assets under management4 were 1.635 trillion euros as of December 31, 2022, a decrease of 91 billion euros from the end of the third quarter of 2022. A positive impact of 68.2 billion euros from favorable market conditions was more than offset by unfavorable foreign currency translation effects of 139.6 billion euros and net outflows of 18.6 billion euros.
Total assets under management4 were 2.141 trillion euros at the end of the fourth quarter of 2022, reflecting the trend in the third-party assets under management.