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Investment in AB
12 Months Ended
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Investment in AB Investment in AB
Changes in AB Holding’s investment in AB for the years ended December 31, 2023 and 2022 are as follows:
 20232022
 (in thousands)
Investment in AB as of January 1,$2,074,626 $1,623,764 
Equity in net income attributable to AB Unitholders299,781 305,504 
Changes in accumulated other comprehensive income8,964 (18,303)
Cash distributions received from AB(329,900)(394,470)
Additional investments with proceeds from exercises of compensatory options to buy AB Holding Units— 178 
Capital contributions to AB— 1,590 
Capital contributions from AB(2,164)— 
AB Holding Units retired(85,300)(114,794)
AB Holding Units issued to fund long-term incentive compensation plans104,167 76,230 
AB Holding Units issued to fund CarVal acquisition— 589,169 
Change in AB Holding Units held by AB for long-term incentive compensation plans7,366 5,758 
Investment in AB as of December 31,$2,077,540 $2,074,626