Janus Henderson Group PLC Files 2023 Annual Report on Form 10-K

TL;DR

<b>Janus Henderson Group PLC has filed its 2023 10-K report detailing financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

JANUS HENDERSON GROUP PLC (JHG) filed a Annual Report (10-K) with the SEC on February 27, 2024. Janus Henderson Group PLC filed its 2023 Form 10-K on February 27, 2024. The filing covers the fiscal year ending December 31, 2023. The company's primary business is Investment Advice. The filing includes financial data for the fiscal years 2021, 2022, and 2023. Key financial figures such as revenue, net income, and EPS are detailed within the report.

Why It Matters

For investors and stakeholders tracking JANUS HENDERSON GROUP PLC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Janus Henderson's financial health and operational performance for the past fiscal year, crucial for investors assessing the company's stability and growth prospects. The detailed financial statements and risk factors within the report offer insights into the company's strategies, challenges, and potential future performance in the competitive asset management industry.

Risk Assessment

Risk Level: medium — JANUS HENDERSON GROUP PLC shows moderate risk based on this filing. The company operates in the highly competitive asset management industry, facing risks related to market volatility, regulatory changes, and client retention, as evidenced by the detailed risk factors section in the 10-K.

Analyst Insight

Investors should review the detailed financial performance and risk factors outlined in the 10-K to assess Janus Henderson's strategic positioning and future growth potential.

Key Numbers

• 138 — Public Document Count (Number of documents in the filing)
• 2023-12-31 — Fiscal Year End (The end date of the reporting period)
• 2024-02-27 — Filing Date (The date the 10-K was filed)
• 480,000,000 — Value 1 (Appears to be a placeholder or specific financial metric not clearly labeled)
• 163,338,035 — Value 2 (Appears to be a placeholder or specific financial metric not clearly labeled)
• 165,657,905 — Value 3 (Appears to be a placeholder or specific financial metric not clearly labeled)
• 41,444 — Value 4 (Appears to be a placeholder or specific financial metric not clearly labeled)
• 312,469 — Value 5 (Appears to be a placeholder or specific financial metric not clearly labeled)

Key Players & Entities

• JANUS HENDERSON GROUP PLC (company) — Filer name
• 2024-02-27 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end
• 0001274173 (company) — Central Index Key
• 6282 (industry) — Standard Industrial Classification for Investment Advice
• 201 BISHOPSGATE (address) — Business and mailing address
• LONDON (address) — Business and mailing address city
• EC2M 3AE (address) — Business and mailing address zip

FAQ

Risk Factors

• UK Capital Loss Carryforward [medium — financial]: A significant portion of the 2023 loss carryforward relates to a UK capital loss of $294.7 million, before tax effects, which has no time limitation for carryforward, though a full valuation allowance is against these losses.

Key Financial Figures

• $1.50 — ange on which registered Common Stock, $1.50 Per Share Par Value JHG New York St
• $334.9 billion — and assets under management ("AUM") of $334.9 billion as of December 31, 2023. We have operat
• $183.4 b — AUM in our intermediary channel totaled $183.4 billion, or 55% of total AUM. 4 Table o
• $76.1 b — UM in our self-directed channel totaled $76.1 billion, or 23% of total AUM. Institutio
• $75.4 b — UM in our institutional channel totaled $75.4 billion, or 22% of total AUM. Investment
• $205.1 b — AUM in our Equities capability totaled $205.1 billion, or 61% of total AUM. Fixed Inco
• $71.5 b — in our Fixed Income capability totaled $71.5 billion, or 21% of total AUM. Multi-Asse
• $48.9 b — M in our Multi-Asset capability totaled $48.9 billion, or 15% of total AUM. Alternativ
• $9.4 b — in our Alternatives capability totaled $9.4 billion, or 3% of total AUM. Client Loca
• $198.6 b — r 31, 2023, total North America AUM was $198.6 billion, and we employed 143 and 244 inve
• $102.9 b — 3, total EMEA and Latin America AUM was $102.9 billion, and the region employed 155 and
• $33.4 b — December 31, 2023, Asia Pacific AUM was $33.4 billion, and the region employed 43 and 6

Filing Documents

• jhg20221231c_10k.htm (10-K) — 3732KB
• ex_630179.htm (EX-10.25) — 88KB
• ex_630134.htm (EX-10.28) — 87KB
• ex_572761.htm (EX-21.1) — 51KB
• ex_572762.htm (EX-23.1) — 2KB
• ex_572764.htm (EX-31.1) — 12KB
• ex_572765.htm (EX-31.2) — 12KB
• ex_572766.htm (EX-32.1) — 5KB
• ex_572767.htm (EX-32.2) — 5KB
• ex_628588.htm (EX-97.1) — 35KB
• aumchart.jpg (GRAPHIC) — 71KB
• jhg04.jpg (GRAPHIC) — 3KB
• jhg.jpg (GRAPHIC) — 6KB
• sharechart.jpg (GRAPHIC) — 42KB
• 0001437749-24-005720.txt (&nbsp;) — 16745KB
• jhg-20231231.xsd (EX-101.SCH) — 124KB
• jhg-20231231_cal.xml (EX-101.CAL) — 78KB
• jhg-20231231_def.xml (EX-101.DEF) — 731KB
• jhg-20231231_lab.xml (EX-101.LAB) — 662KB
• jhg-20231231_pre.xml (EX-101.PRE) — 801KB
• jhg20221231c_10k_htm.xml (XML) — 3488KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 12 Item 1B. Unresolved Staff Comments 21 Item 1C. Cybersecurity 21 Item 2.

Properties

Properties 22 Item 3.

Legal Proceedings

Legal Proceedings 22 Item 4. Mine Safety Disclosures 22 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 23 Item 6. [Reserved] 24 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 40 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 42 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 80 Item 9A.

Controls and Procedures

Controls and Procedures 80 Item 9B. Other Information 80 Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 80 PART III Item 10. Directors, Executive Officers and Corporate Governance 80 Item 11.

Executive Compensation

Executive Compensation 80 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 80 Item 13. Certain Relationships and Related Transactions, and Director Independence 80 Item 14. Principal Accountant Fees and Services 80 PART IV Item 15. Exhibits and Financial Statement Schedules 81 Item 16. Form 10-K Summary 85

Signatures

Signatures 86 2 Table of Contents PART I

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Certain statements in this report not based on historical facts are " forward-looking statements " within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, Section 21E of the Securities Exchange Act of 1934, as amended ( " Exchange Act " ), and Section 27A of the Securities Act of 1933, as amended ( " Securities Act " ). Such forward-looking statements involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance or achievements to differ materially from those discussed. These include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects or future events. In some cases, forward-looking statements can be identified by the use of words such as " may, " " could, " " expect, " " intend, " " plan, " " seek, " " anticipate, " " believe, " " estimate, " " predict, " " potential, " " continue, " " likely, " " will, " " would " and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements. Various risks, uncertainties, assumptions and factors that could cause our future results to differ materially from those expressed by the forward-looking statements included in this report include, but are not limited to, recent changes in interest rates and inflation, volatility or disruption in financial markets, our investment performance as compared to third-party benchmarks or competitive products, redemptions and other withdrawals from the funds

BUSINESS

BUSINESS Overview Janus Henderson Group plc ("JHG," the "Company," "we," "us," "our" and similar terms), a company incorporated and registered in Jersey, Channel Islands, is an independent global asset manager, specializing in investment management across all major asset classes. Through its predecessor companies, JHG traces its linage back to 1934 when Henderson Group plc ("Henderson") was founded. We are a client-focused global business with approximately 2,200 employees worldwide and assets under management ("AUM") of $334.9 billion as of December 31, 2023. We have operations in North America, the United Kingdom ("UK"), continental Europe, Latin America, Japan, Asia and Australia. Our mission is to help clients define and achieve superior financial outcomes through differentiated insights, disciplined investments and world-class service. We are mindful that our thinking and investments help shape the futures of millions of people as we fulfill our purpose of "Investing in a brighter future together." We manage a broad range of investment products for institutional and retail investors across four capabilities: Equities, Fixed Income, Multi-Asset and Alternatives. Clients entrust money to us, either their own or money they manage or advise on for their clients, and expect us to deliver the benefits specified in their mandate or by the prospectus for the fund in which they invest. We measure the amount of these funds as AUM. AUM increases or decreases primarily depending on our ability to attract and retain client investments, on investment performance and as a function of market and currency movements. AUM is also impacted when we invest in new asset management teams or businesses or divest from existing businesses. Clients pay a management fee, which is usually calculated as a percentage of AUM. Certain investment products are also subject to performance fees, which vary based on when performance hurdles or other specified criteria are achieved. The level

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View this 10-K filing on SEC EDGAR