• Affiliated Managers average return on tangible equity for 2023 was -1271.21, a 1371.65% decline from 2022.
• Affiliated Managers average return on tangible equity for 2022 was -86.38, a 10.19% increase from 2021.
• Affiliated Managers average return on tangible equity for 2021 was -96.18, a 66.37% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.