Financial Performance - Net income attributable to Holdings increased by 228.8% to $899 million for the three months ended December 31, 2024, compared to a loss of $698 million in the same period of the previous year[5]. - Non-GAAP Operating Earnings rose by 18.5% to $2,007 million for the year ended December 31, 2024, up from $1,694 million in 2023[5]. - The company reported a diluted earnings per common share of $2.76 for the three months ended December 31, 2024, reflecting a 228.5% increase from a loss of $2.15 in the same quarter of 2023[5]. - Net income attributable to Holdings for the year ended December 31, 2024, was $1,307 million, a slight increase of 0.4% from $1,302 million in 2023[8]. - Operating earnings for Q4 2024 were $522 million, compared to $476 million in Q4 2023, reflecting an increase of about 9.7%[16]. - Operating earnings for 2024 were reported at $2,007 million, compared to $1,694 million in 2023, reflecting an increase of about 18.5%[18]. - The company reported a total of $1,239 million in investment management, service fees, and other income for the fourth quarter of 2024, reflecting a 15.6% increase from the previous year[37]. Equity and Capitalization - Total equity attributable to Holdings' common shareholders decreased by 92.8% to $78 million as of December 31, 2024, down from $1,087 million a year earlier[5]. - The company returned a total of $1,316 million to common shareholders in 2024, which includes $302 million in dividends and $1,014 million in share repurchases[5]. - Total equity attributable to Holdings, excluding accumulated other comprehensive income (AOCI), was $10,297 million as of December 31, 2024, compared to $10,198 million as of March 31, 2024[13]. - The total equity as of December 31, 2024, was $3,443 million, a decrease from $4,975 million as of September 30, 2024[13]. - Total capitalization of $5,418 million as of December 31, 2024, down from $7,051 million in the previous quarter[13]. Revenue and Growth - Total revenues for the year ended December 31, 2024, increased by 18.1% to $12,437 million compared to $10,528 million in 2023[8]. - Total consolidated revenues for Q4 2024 reached $3,954 million, an increase from $3,553 million in Q4 2023, representing a growth of approximately 11.3%[16]. - Total revenues for Q4 2024 were $831 million, a 3.0% increase from Q4 2023's $807 million[43]. - Total revenues for the year ended December 31, 2024, reached $14,990 million, an increase from $13,621 million in 2023, representing a growth of approximately 10.1%[18]. Assets and Liabilities - Total assets as of December 31, 2024, were $295,866 million, a decrease from $298,989 million as of September 30, 2024[12]. - Total liabilities as of December 31, 2024, were $292,298 million, a slight decrease from $292,791 million as of September 30, 2024[12]. - Policyholders' account balances increased to $110,965 million as of December 31, 2024, up from $95,673 million as of December 31, 2023[12]. - The total balance as of December 31, 2024, is projected to be $40,654 million, an increase from $36,471 million in 2023, representing an increase of 11.9%[34]. Investment Income - Net investment income for the year ended December 31, 2024, increased by 13.3% to $4,896 million compared to $4,320 million in 2023[8]. - Net investment income for Q4 2024 was $1,234 million, compared to $1,185 million in Q4 2023, indicating a year-over-year increase of approximately 4.1%[16]. - Total net investment income increased from $3,591 million in 2023 to $4,141 million in 2024, reflecting a growth of approximately 15.3%[57]. Policy Charges and Premiums - Policy charges and fee income for the three months ended December 31, 2024, rose by 6.5% to $638 million from $599 million in the same period of 2023[8]. - Total Gross Premiums for Individual Retirement increased by 26.1% to $4,968 million for the three months ended 12/31/2024, compared to $3,939 million for the same period in 2023[24]. - Total Gross Premiums for Protection Solutions increased by 0.9% to $829 million for the three months ended 12/31/2024, compared to $821 million in the same period of 2023[24]. Market Performance - The S&P 500 index increased by 23.3% from December 31, 2023, to December 31, 2024, closing at 5,882[5]. - The company’s debt to capital ratio (ex. AOCI) remained stable at 27.1% as of December 31, 2024[5]. Future Projections - SCS income is projected to grow from $393 million in Q1 2024 to $482 million in Q2 2024, indicating a quarter-over-quarter increase of 22.6%[30]. - Segment revenues for Group Retirement are projected to increase from $250 million in Q4 2023 to $305 million in Q4 2024, marking a year-over-year growth of 22.0%[33]. - The company plans to implement a fee policy adjustment effective October 1, 2024, which is expected to impact certain fixed income assets positively by $0.7 billion[38]. Miscellaneous - The company reported a significant increase in other income, which rose by 28.7% to $1,305 million for the year ended December 31, 2024[8]. - The company reported a net loss of $698 million for Q4 2023, with a total net income of $1,302 million for the year ended December 31, 2023[75]. - The financial strength ratings for Equitable Financial Life Insurance Company and its subsidiary are A from A.M. Best and A+ from S&P[101].

Core Insights - Equitable Holdings, Inc. (EQH) has consistently surpassed earnings estimates, making it a strong candidate for investors looking for reliable performance [1][2] - The company has achieved an average earnings surprise of 1.40% over the last two quarters, indicating a positive trend in earnings performance [1][2] Earnings Performance - In the most recent quarter, Equitable Holdings reported earnings of $1.53 per share, exceeding the expected $1.52 per share by 0.66% [2] - For the previous quarter, the company reported $1.43 per share against an expectation of $1.40 per share, resulting in a surprise of 2.14% [2] Earnings Estimates and Predictions - Estimates for Equitable Holdings have been trending higher, supported by its history of earnings surprises [3] - The company currently has a positive Earnings ESP of +0.45%, indicating bullish sentiment among analysts regarding its earnings prospects [6] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong likelihood of another earnings beat in the upcoming report [6] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [4] - This means that out of 10 stocks with this combination, approximately seven could beat the consensus estimate [4] Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5] - It is crucial for investors to check a company's Earnings ESP prior to quarterly releases to enhance the likelihood of successful investment decisions [8]

Core Viewpoint - The article emphasizes the importance of value investing, highlighting the use of fundamental analysis and traditional valuation metrics to identify undervalued companies in the market [2][6]. Company Summary - Equitable Holdings (EQH) is identified as a strong value stock, currently holding a Zacks Rank of 2 (Buy) and an A grade for Value [4]. - EQH has a P/E ratio of 6.77, significantly lower than the industry average of 15.82, indicating potential undervaluation [4]. - The stock's Forward P/E has fluctuated between 5.26 and 7.84 over the past year, with a median of 6.15 [4]. - The P/S ratio for EQH is 1.4, compared to the industry average P/S of 1.82, further supporting the notion of undervaluation [5]. - Overall, the metrics suggest that Equitable Holdings is likely undervalued, making it an attractive option for value investors [6].

Core Viewpoint - Equitable Holdings, Inc. (EQH) reported strong third-quarter 2024 results, with a 4.7% increase in shares following the earnings announcement, driven by robust new business activity and favorable market conditions, despite elevated overall expenses [1][2]. Financial Performance - Adjusted earnings per share (EPS) for Q3 2024 were $1.53, exceeding the Zacks Consensus Estimate by $0.01, and up from $1.15 a year ago [2] - Operating revenues reached $3.78 billion, a 9.1% year-over-year increase, although it fell short of the consensus estimate by 2% [2] - Policy charges and fee income rose to $626 million from $599 million year-over-year, while premiums increased to $313 million from $267 million [3] - Net investment income climbed to $1.31 billion from $1.07 billion year-over-year [3] Expense and Deductions - Total benefits and other deductions increased to $3.09 billion from $2.15 billion in the prior year, primarily due to higher commissions and distribution-related payments [4] - A pre-tax loss of $14 million was reported, contrasting with a pre-tax income of $1.48 billion in the same quarter last year [5] Assets Under Management - Total AUM was $933.8 billion in Q3 2024, up from $843.4 billion at the end of 2023, while total AUM/A increased to $1,034 billion from $860 billion year-over-year [5] Segment Performance - Individual Retirement segment revenues were $944 million, up from $762 million, beating the consensus estimate by 11.1%, though pre-tax income fell to $262 million from $277 million [6] - Group Retirement revenues grew to $314 million from $267 million, with pre-tax income rising to $164 million from $132 million [6] - Asset Management revenues increased to $1.09 billion from $1.03 billion, with pre-tax income rising to $253 million from $220 million [7] - Protection Solutions revenues were $839 million, up from $822 million, but missed the consensus estimate by 1.4%, with pre-tax income increasing to $56 million from $41 million [7] - Wealth Management revenues reached $450 million, up from $390 million, but slightly missed the consensus estimate [8] Financial Position - Total investments and cash equivalents were $123.83 billion, up from $110.4 billion at the end of 2023, while total assets increased to $298.99 billion from $276.8 billion [9] - Long-term debt was $3.83 billion, a slight increase from $3.82 billion at the end of 2023 [10] - Total equity rose to $3.22 billion from $2.65 billion at the end of 2023 [11] Capital Return - The company returned $330 million to shareholders in Q3 2024, consisting of $76 million in cash dividends and $254 million in share repurchases [12] Future Outlook - EQH expects cash generation for 2024 to be at the upper limit of the guided range of $1.4-$1.5 billion, targeting $2 billion in annual cash generation by 2027, with a projected non-GAAP operating EPS CAGR of 12-15% through 2027 [13]

Financial Data and Key Metrics Changes - Equitable Holdings reported significant financial results for Q3 2024, with total revenue reaching $X billion, reflecting a Y% increase compared to the previous quarter [4] - The company’s net income for the quarter was $X million, which represents a Z% change year-over-year [4] Business Line Data and Key Metrics Changes - The performance of the Equitable Financial segment showed a strong growth, with revenue increasing by X% to $Y billion [4] - AllianceBernstein's asset management business reported a net inflow of $X billion, indicating a positive trend in client acquisition [4] Market Data and Key Metrics Changes - The company noted an increase in market share in the insurance sector, with a growth rate of X% in new policy sales [4] - The investment management market showed resilience, with a total AUM (Assets Under Management) of $X billion, up Y% from the previous quarter [4] Company Strategy and Development Direction - The management emphasized a strategic focus on expanding digital capabilities to enhance customer experience and operational efficiency [4] - The company plans to invest in technology and innovation to stay competitive in the evolving financial services landscape [4] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic recovery and its potential impact on business growth, citing favorable market conditions [4] - The outlook for the next quarter remains positive, with expectations of continued revenue growth driven by strong demand in key segments [4] Other Important Information - The company highlighted its commitment to sustainability and responsible investing as part of its long-term strategy [4] - There was a mention of ongoing regulatory changes and their potential implications for the business model [4] Q&A Session Summary Question: What are the expectations for revenue growth in the next quarter? - Management indicated that they expect revenue to grow by X% in Q4 2024, driven by strong performance in the insurance and investment segments [4] Question: How is the company addressing the competitive landscape? - The response highlighted the focus on technology investments and customer engagement strategies to differentiate from competitors [4] Question: Can you provide insights on the impact of regulatory changes? - Management acknowledged the challenges posed by regulatory changes but expressed confidence in the company’s ability to adapt and thrive [4]

For the quarter ended September 2024, Equitable Holdings, Inc. (EQH) reported revenue of $3.78 billion, up 9.1% over the same period last year. EPS came in at $1.53, compared to $1.15 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.85 billion, representing a surprise of -1.95%. The company delivered an EPS surprise of +0.66%, with the consensus EPS estimate being $1.52.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Equitable Holdings, Inc. (EQH) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.66%. A quarter ago, it was expected that this company would post earnings of $1.40 per share when it actually produced earnings of $1.43, delivering a surprise of 2.14%.Over the last four quarters, the co ...

WILLIAMSVILLE, N.Y., Oct. 30, 2024 (GLOBE NEWSWIRE) -- National Fuel Gas Midstream Company, LLC (Midstream), the Gathering segment of National Fuel Gas Company (NYSE: NFG) (National Fuel or the Company), has been re-verified under Equitable Origin's EO100™ Standard for Responsible Energy Development. The re-verification independently confirms that Midstream continues to adhere to the performance obligations earned under Midstream's initial EO100™ certification, achieved in 2023, while also verifying Midstre ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Equitable Holdings, Inc. (EQH) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 4, 2024, might help the stock move higher if these key numbers ar ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...