Steve, morning, and everybody. Thank good you,
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you against these tracking we're on to into priorities. the As we I move New how Year, wanted update
investment First, and starting fundraising. performance with
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realizations. market. In fourth in parent online quarter, year continue record We emerging companies rapidly cloud In the we the across over focused investment growing $XX a in setting of the migration, deployed logistics. firm, billion mile creation leader content billion the an dating $XX $X on Bumble Other foundation for also a to for and and the the of we in full the future invest businesses. last announced total include themes quarter promising billion acquisition MagicLab
hiring from with our to products this a underserved retail lead ago, a manage perfect hope we this raised to experience Gilles and with billion $XX forward. now industry markets. Gilles over talked is of billion and from that In and retail to deep in investment a of we announced $XX is choice came insurance, A few exceed In Fourth, ahead. customized about expert increasing which year. record runway investors most we've weeks Dellaert XXXX, significant lots the insurance this presence initiative. amount we and business of drive AUM we
we've continues to the need even Fifth, utilize as we not capital growth. grow to you to that do told rapidly, firm produce
approximately AUM two our grown In fact, $XXX sheet $X.X balance years over has billion. declined past to investments the billion, just billion $XXX to while
debt for have net no need and We basically capital. no
As past a years. two to the return XXX% shareholders been result, earnings over to we've of able
than a is to two today our dividends continue repurchase count program share years in enormous that lower ago. out has We pay resulted and
to earnings, earnings Sixth, We company. you We simplified cash make which and to to share of course, shareholders our a commitment stock focus franchise. starting on are the And to by we firm have share a corporation. the this of positive flat. been gratified the a These recognize met of converted that buyback changes own. response keeping with reflect with to easier the reporting count We're our the to market. implemented wanted told we understand we the the distributable program power
In closing, Blackstone any the is in by are we and holding we to firm path measure terrific shape outlined.
clients quite their and with of with performance entrusting pleased our are Our are us more capital.
the energized for work even challenging are and the people investment opportunities at proud are Our firm in significant. to continued a and environment growth
to With that, I turn will over Michael. things
