SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Segment's Contribution with Respect to Net Revenue, Operating Expenses, Operating Income (Loss) and Total Assets

Management evaluates segment results based on net revenue and operating income (loss) and believes that the following information provides a reasonable representation of each segment’s contribution with respect to net revenue, operating income (loss) and total assets:


		Three Months Ended March 31,
		2024		2023
Financial Advisory	Net Revenue	$	454,094	$	276,677
	Operating Expenses	427,715		326,419
	Operating Income (Loss)	$	26,379	$	(49,742)
Asset Management	Net Revenue	$	295,476	$	284,044
	Operating Expenses	261,680		248,051
	Operating Income	$	33,796	$	35,993
Corporate	Net Revenue (Loss)	$	16,367	$	(18,849)
	Operating Expenses	19,847		41,813
	Operating Loss	$	(3,480)	$	(60,662)
Total	Net Revenue	$	765,937	$	541,872
	Operating Expenses	709,242		616,283
	Operating Income (Loss)	$	56,695	$	(74,411)


	As Of
	March 31, 2024		December 31, 2023
Total Assets
Financial Advisory	$	1,004,331	$	1,131,657
Asset Management	1,275,371		1,232,364
Corporate	1,903,682		1,866,304
Total	$	4,183,384	$	4,230,325

Lazard Group LLC 10-Q