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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total for
Principal
Executive
Officer (“PEO”)
($)(1)
Compensation
Actually Paid
to PEO ($)(2)
Average Summary
Compensation Table
Total for Non-PEO
Named Executive
Officers (“Other
NEOs”) ($)(3)
Average
Compensation
Actually Paid
to Other NEOs
($)(2)
Value of Initial Fixed $100 Investment
Based On:
Net
Income
($mm)
Company-
Selected
Measure:
EEPS ($)(5)
TSR (Calculated
per Item 201(e)
of Reg S-K) ($)
Peer Group TSR
(Calculated per
Item 201(e) of Reg
S-K) ($)(4)
2023
14,617,823
4,737,760
5,667,535
11,365
180
144
906.1
19.48
2022
13,743,212
12,828,824
5,648,688
5,767,013
188
123
1,388.1
20.02
2021
9,063,156
50,596,284
(6)
3,960,965
20,158,091
(6)
195
142
890.1
18.05
2020
7,632,026
19,261,190
2,346,688
4,431,940
121
114
427.0
13.30
      
Company Selected Measure Name Economic earnings per share      
Named Executive Officers, Footnote For each of 2023, 2022, and 2021, represents the total compensation as reported in the Summary Compensation Table included in this
Proxy Statement for Mr. Horgen, the Company’s President and Chief Executive Officer. For 2020, represents the total compensation as
reported in the Summary Compensation Table for Mr. Horgen in the 2023 Proxy Statement.
      
Peer Group Issuers, Footnote Reflects the TSR of the S&P MidCap 400 index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K included in our 2023 Annual Report on Form 10-K.
      
PEO Total Compensation Amount $ 14,617,823 $ 13,743,212 $ 9,063,156 $ 7,632,026
PEO Actually Paid Compensation Amount $ 4,737,760 12,828,824 50,596,284 19,261,190
Adjustment To PEO Compensation, Footnote “Compensation Actually Paid” represents a calculation of compensation under SEC rules that differs significantly from the Summary
Compensation Table presentation of compensation, as well as from the way in which the Compensation Committee views annual
compensation decisions, as discussed in the “Compensation Discussion and Analysis” section of this Proxy Statement. The figures reported
in this column do not reflect the actual amount of compensation earned by or paid to Mr. Horgen and the Other NEOs during the applicable
calendar year or for the applicable performance year. To calculate the compensation actually paid to the PEO and the average compensation
actually paid to the Other NEOs, the below adjustments were made to total compensation as reported in the Summary Compensation Table.
The adjustments were calculated according to the prescribed method determined by the SEC for the calculation of compensation actually
paid for the periods presented. For equity awards with performance-based vesting conditions, fair value as of the applicable year-end is
based on the probable outcome of such conditions as of year-end. There were no other assumptions made in the valuation of equity awards
that differ materially from those disclosed at the time of grant.
Year
Summary
Compensation
Table Total ($)
Less Reported
Value of Equity
Awards for the
Covered Year
($)
Plus Year-End
Fair Value of
Outstanding
Unvested
Equity
Awards
Granted in the
Covered Year
($)
Change in Fair
Value as of
Year-End of
Outstanding
Unvested
Equity Awards
Granted in
Prior Years ($)
Change in Fair
Value as of
Year-End of
Equity Awards
Granted in Prior
Years that
Vested in the
Covered Year
($)
Plus Vesting
Date Fair
Value of
Equity
Awards
Granted in
the Covered
Year and
that Vested
in the Same
Year
($)(7)
Deduct Fair
Value as of
Prior Year-
End of Equity
Awards that
Failed to Meet
Applicable
Vesting
Conditions
During the
Covered Year
($)
Add Fair
Value of
Dividends or
Other
Earnings
Paid on
Stock or
Option
Awards that
are not
Otherwise
Included ($)
Compensation
Actually Paid
($)
PEO
2023
14,617,823
(8,990,000)
8,467,709
(8,306,040)
(1,058,423)
—
—
6,691
4,737,760
2022
13,743,212
(6,925,000)
10,277,354
(1,822,612)
(2,453,065)
—
—
8,934
12,828,824
2021
(6)
9,063,156
(3,500,000)
4,753,187
34,957,185
5,421,436
—
(108,850)
10,168
50,596,284
2020
7,632,026
(4,275,000)
6,773,932
9,242,980
(99,356)
—
(93,468)
80,075
19,261,190
Other NEOs
2023
5,667,535
(3,010,000)
2,835,239
(5,308,086)
(176,064)
—
—
2,741
11,365
2022
5,648,688
(2,712,500)
4,025,548
(717,625)
(479,865)
—
—
2,767
5,767,013
2021
(6)
3,960,965
(1,718,750)
2,334,109
13,800,674
1,793,895
—
(15,387)
2,586
20,158,091
2020
2,346,688
(1,350,000)
1,863,602
1,607,295
(186,941)
189,655
(54,942)
16,584
4,431,940
(3)For 2023, represents the average total compensation as reported in the Summary Compensation Table for Mr. Wojcik, Mr. Jamal, and Mr.
Erickson. For each of 2022 and 2021, represents the average total compensation as reported in the Summary Compensation Table for Mr.
Wojcik, Mr. Jamal, Mr. Erickson, and David M. Billings. Mr. Billings retired in December 2022 from his position of General Counsel and
Secretary. For 2020, represents the average total compensation as reported in the Summary Compensation Table for Mr. Wojcik, Mr.
Billings, Sean M. Healey, and Hugh P. B. Cutler. Mr. Healey served as Executive Chairman until his passing in May 2020, and Mr. Cutler
retired in May 2020 from his position of Head of Global Distribution.
For 2021, Compensation Actually Paid to the PEO and the average Compensation Actually Paid to the Other NEOs reflect the strong
appreciation of AMG’s stock price during 2021, and the consequent increase in value of unvested awards, driven by the unvested value of
the one-time special Long-Term Equity Alignment Awards granted in 2019.
(7)Represents the vesting of equity awards held by Mr. Healey in accordance with such award terms upon his passing in May 2020.
      
Non-PEO NEO Average Total Compensation Amount $ 5,667,535 5,648,688 3,960,965 2,346,688
Non-PEO NEO Average Compensation Actually Paid Amount $ 11,365 5,767,013 20,158,091 4,431,940
Adjustment to Non-PEO NEO Compensation Footnote “Compensation Actually Paid” represents a calculation of compensation under SEC rules that differs significantly from the Summary
Compensation Table presentation of compensation, as well as from the way in which the Compensation Committee views annual
compensation decisions, as discussed in the “Compensation Discussion and Analysis” section of this Proxy Statement. The figures reported
in this column do not reflect the actual amount of compensation earned by or paid to Mr. Horgen and the Other NEOs during the applicable
calendar year or for the applicable performance year. To calculate the compensation actually paid to the PEO and the average compensation
actually paid to the Other NEOs, the below adjustments were made to total compensation as reported in the Summary Compensation Table.
The adjustments were calculated according to the prescribed method determined by the SEC for the calculation of compensation actually
paid for the periods presented. For equity awards with performance-based vesting conditions, fair value as of the applicable year-end is
based on the probable outcome of such conditions as of year-end. There were no other assumptions made in the valuation of equity awards
that differ materially from those disclosed at the time of grant.
Year
Summary
Compensation
Table Total ($)
Less Reported
Value of Equity
Awards for the
Covered Year
($)
Plus Year-End
Fair Value of
Outstanding
Unvested
Equity
Awards
Granted in the
Covered Year
($)
Change in Fair
Value as of
Year-End of
Outstanding
Unvested
Equity Awards
Granted in
Prior Years ($)
Change in Fair
Value as of
Year-End of
Equity Awards
Granted in Prior
Years that
Vested in the
Covered Year
($)
Plus Vesting
Date Fair
Value of
Equity
Awards
Granted in
the Covered
Year and
that Vested
in the Same
Year
($)(7)
Deduct Fair
Value as of
Prior Year-
End of Equity
Awards that
Failed to Meet
Applicable
Vesting
Conditions
During the
Covered Year
($)
Add Fair
Value of
Dividends or
Other
Earnings
Paid on
Stock or
Option
Awards that
are not
Otherwise
Included ($)
Compensation
Actually Paid
($)
PEO
2023
14,617,823
(8,990,000)
8,467,709
(8,306,040)
(1,058,423)
—
—
6,691
4,737,760
2022
13,743,212
(6,925,000)
10,277,354
(1,822,612)
(2,453,065)
—
—
8,934
12,828,824
2021
(6)
9,063,156
(3,500,000)
4,753,187
34,957,185
5,421,436
—
(108,850)
10,168
50,596,284
2020
7,632,026
(4,275,000)
6,773,932
9,242,980
(99,356)
—
(93,468)
80,075
19,261,190
Other NEOs
2023
5,667,535
(3,010,000)
2,835,239
(5,308,086)
(176,064)
—
—
2,741
11,365
2022
5,648,688
(2,712,500)
4,025,548
(717,625)
(479,865)
—
—
2,767
5,767,013
2021
(6)
3,960,965
(1,718,750)
2,334,109
13,800,674
1,793,895
—
(15,387)
2,586
20,158,091
2020
2,346,688
(1,350,000)
1,863,602
1,607,295
(186,941)
189,655
(54,942)
16,584
4,431,940
(3)For 2023, represents the average total compensation as reported in the Summary Compensation Table for Mr. Wojcik, Mr. Jamal, and Mr.
Erickson. For each of 2022 and 2021, represents the average total compensation as reported in the Summary Compensation Table for Mr.
Wojcik, Mr. Jamal, Mr. Erickson, and David M. Billings. Mr. Billings retired in December 2022 from his position of General Counsel and
Secretary. For 2020, represents the average total compensation as reported in the Summary Compensation Table for Mr. Wojcik, Mr.
Billings, Sean M. Healey, and Hugh P. B. Cutler. Mr. Healey served as Executive Chairman until his passing in May 2020, and Mr. Cutler
retired in May 2020 from his position of Head of Global Distribution.
For 2021, Compensation Actually Paid to the PEO and the average Compensation Actually Paid to the Other NEOs reflect the strong
appreciation of AMG’s stock price during 2021, and the consequent increase in value of unvested awards, driven by the unvested value of
the one-time special Long-Term Equity Alignment Awards granted in 2019.
(7)Represents the vesting of equity awards held by Mr. Healey in accordance with such award terms upon his passing in May 2020.
      
Compensation Actually Paid vs. Total Shareholder Return The following exhibits reflect the relationship between the Compensation Actually Paid (“CAP”) to the PEO and the average
CAP to the Other NEOs and the performance measures shown in the above pay versus performance table during the four most
recently-completed fiscal years:
CAP vs. Company and Peer Group TSR
3848290899887
      
Compensation Actually Paid vs. Net Income
CAP vs. Net Income
3848290899943
      
Compensation Actually Paid vs. Company Selected Measure
CAP vs. EEPS
2748779272176
      
Total Shareholder Return Vs Peer Group The following exhibits reflect the relationship between the Compensation Actually Paid (“CAP”) to the PEO and the average
CAP to the Other NEOs and the performance measures shown in the above pay versus performance table during the four most
recently-completed fiscal years:
CAP vs. Company and Peer Group TSR
3848290899887
      
Tabular List, Table CAP vs. Company and Peer Group and Index TSR CAP ($ million) $100 $80 $60 $40 $20 $0 2020 2021 202
Tabular List of Financial Performance Measures(1)
EEPS
Annual Management Fee EBITDA
Absolute TSR
Relative TSR
      
Total Shareholder Return Amount $ 180 188 195 121
Peer Group Total Shareholder Return Amount 144 123 142 114
Net Income (Loss) $ 906,100,000 $ 1,388,100,000 $ 890,100,000 $ 427,000,000.0
Company Selected Measure Amount | $ / shares 19.48 20.02 18.05 13.30
PEO Name Mr. Horgen      
Additional 402(v) Disclosure See the “Compensation Discussion and Analysis – Summary of Performance Assessment Target Descriptions and Rationale, and 2023 Target Setting Process” section of this Proxy Statement for more information about the above measures.      
Measure:: 1        
Pay vs Performance Disclosure        
Name EEPS      
Non-GAAP Measure Description Economic earnings per share, or EEPS, is a non-GAAP financial measure. Additional information on non-GAAP financial performance
measures, including reconciliations to the most directly comparable GAAP measure, can be found in AMG’s 2023 Annual Report on Form
10-K (or, with respect to amounts above for 2020, AMG's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023) under
“Supplemental Financial Performance Measures.”
      
Measure:: 2        
Pay vs Performance Disclosure        
Name Annual Management Fee EBITDA      
Measure:: 3        
Pay vs Performance Disclosure        
Name Absolute TSR      
Measure:: 4        
Pay vs Performance Disclosure        
Name Relative TSR      
PEO | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 8,990,000 $ 6,925,000 $ 3,500,000 $ 4,275,000
PEO | Equity Awards Granted in Covered Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,467,709 10,277,354 4,753,187 6,773,932
PEO | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,306,040 1,822,612 34,957,185 9,242,980
PEO | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,058,423 2,453,065 5,421,436 99,356
PEO | Equity Awards Granted in Covered Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Equity Awards Granted in Prior Years, Failed to Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 108,850 93,468
PEO | Equity Awards, Value of Dividends Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,691 8,934 10,168 80,075
Non-PEO NEO | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,010,000 2,712,500 1,718,750 1,350,000
Non-PEO NEO | Equity Awards Granted in Covered Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,835,239 4,025,548 2,334,109 1,863,602
Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,308,086 717,625 13,800,674 1,607,295
Non-PEO NEO | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 176,064 479,865 1,793,895 186,941
Non-PEO NEO | Equity Awards Granted in Covered Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 189,655
Non-PEO NEO | Equity Awards Granted in Prior Years, Failed to Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 15,387 54,942
Non-PEO NEO | Equity Awards, Value of Dividends Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 2,741 $ 2,767 $ 2,586 $ 16,584