Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————————————— FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38469 ———————————————— Equitable Holdings, Inc. (Exact name of registrant as specified in its charter) (Stat ...

Equitable Holdings, Inc. (EQH) reported $3.64 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 11.3%. EPS of $1.43 for the same period compares to $0.96 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.74 billion, representing a surprise of -2.61%. The company delivered an EPS surprise of +9.16%, with the consensus EPS estimate being $1.31.While investors scrutinize revenue and earnings changes year-over-year and how they compare wi ...

Table of Contents | Consolidated Financials and Key Metrics | Page | | --- | --- | | Key Metrics Summary | 4 | | Consolidated Statements of Income (Loss) | 5 | | Consolidated Balance Sheets | 6 | | Consolidated Capital Structure | 7 | | Operating Earnings (Loss) by Segment and Corporate and Other | 8 | | Assets Under Management and Administration | 9 | | Sales Metrics by Segment | 10 | | Select Metrics from Business Segments | | | Individual Retirement | | | Statements of Operating Earnings (Loss) and Summa ...

NEW YORK--(BUSINESS WIRE)--Equitable Holdings, Inc. (NYSE:EQH), the financial services holding company comprised of Equitable and AllianceBernstein, today announced new leadership appointments as the company continues to deliver on its strategic growth plans and deliver value for its stakeholders. Julia Zhang has been named the company’s Chief Risk Officer, effective April 1, pending approval from the Equitable Holdings Board of Directors. Zhang will report to Mark Pearson, President and Chief Executive Of ...

Financial Performance - The Individual Retirement segment reported a total First Year Premium (FYP) of $14,145 million for the year ended December 31, 2023, an increase of 24.5% from $11,363 million in 2022[33]. - Structured Capital Strategies (SCS) contributed $10,401 million to FYP in 2023, up from $7,953 million in 2022, representing a growth of 30.7%[33]. - The Retirement Cornerstone product generated $1,806 million in FYP for 2023, a 11.1% increase compared to $1,626 million in 2022[33]. - Gross premiums for the year ended December 31, 2023, were reported at $3,806 million, a decrease from $4,448 million in 2022[57]. - Total first year premiums (FYP) for 2023 were $1,581 million, down from $2,118 million in 2022, representing a decline of 25.5%[60]. - The total renewal premiums for 2023 were $2,225 million, a slight decrease of 4.5% from $2,330 million in 2022[60]. - Total Gross Premiums for 2023 were $2,760 million, a decrease of 1.04% from $2,789 million in 2022[114]. - First Year Premium (FYP) increased to $363 million in 2023, up 6.14% from $342 million in 2022[114]. Distribution Channels - Equitable Advisors represented 32% of the variable annuity FYP in 2023, while third-party distribution channels accounted for 67%[39]. - The only single distribution firm contributing more than 10% of sales in 2023 was JP Morgan Securities, LLC, which contributed 11.0%[42]. - Equitable Advisors generated $1,242 million in first year premiums in 2023, an increase of 4.6% from $1,187 million in 2022[69]. - Equitable Advisors accounted for 95% of the company's 403(b) sales in 2023, highlighting the dominance of this distribution channel[68]. Assets Under Management - The total assets under management (AUM) for the Investment Management and Research business reached approximately $725.2 billion as of December 31, 2023[77]. - Total Assets Under Management (AUM) reached $725.2 billion as of December 31, 2023, up from $646.4 billion in 2022, but down from $778.6 billion in 2021[97]. - Actively Managed Equity AUM decreased to $247.5 billion in 2023 from $287.6 billion in 2021, while Passively Managed Equity AUM increased to $62.1 billion from $53.8 billion in 2022[97]. - The average AUM for Institutions was $304.6 billion in 2023, slightly down from $308.4 billion in 2022[99]. - Institutional assets under management increased to $488 million in 2023 from $468 million in 2022, showing a growth of 4.3%[66]. Revenue and Earnings - Total revenues for the year ended December 31, 2023, were $4,261 million, compared to $4,120 million in 2022[102]. - Investment advisory and services fees for Institutions increased to $666 million in 2023 from $586 million in 2021, while Retail fees decreased to $1,276 million from $1,442 million in 2021[101]. - The Group Retirement business is a stable contributor to earnings, primarily generating revenue from fee income and investment income[49]. Life Insurance Products - Life insurance products represented 91% of total life insurance annualized premium in 2023, with Variable Universal Life (VUL) being the most significant contributor[104]. - Total individual life insurance annualized premiums increased to $232 million in 2023 from $210 million in both 2022 and 2021[112]. - The in-force portfolio includes core product offerings and past generation products, with a focus on aligning performance to pricing expectations[115]. - Total in-force face amount decreased to $412.3 billion in 2023 from $417.0 billion in 2022, a decline of 1.68%[116]. - Protection Solutions Reserves increased to $34,521 million in 2023, up 8.36% from $31,842 million in 2022[116]. Risk Management and Compliance - The company has implemented risk management transactions to minimize risks associated with its legacy business segment after discontinuing certain products[144]. - The company uses a combination of hedging and reinsurance programs to manage risks associated with in-force contracts across various segments[149]. - The company has introduced managed volatility funds to reduce equity exposure during high market volatility periods[158]. - The company uses derivatives to mitigate risks associated with variable annuity products, but faces potential economic losses due to ineffective hedging or adverse market events[212]. Regulatory Environment - Equitable Financial is primarily regulated by the Superintendent of the New York Department of Financial Services (NYDFS) and is subject to extensive regulation across all 50 states[162]. - The RBC (Risk-Based Capital) of each of the company's insurance subsidiaries was in excess of the required RBC levels as of the most recent annual statutory financial statements filed with insurance regulators[186]. - The company relies on dividends from its subsidiaries to meet obligations, and any limitations on Equitable Financial's dividend capacity could materially affect the company's ability to return capital to stockholders[168]. - New York's Regulation 213 requires insurers to carry statutory basis reserves for variable annuity contract obligations that could adversely affect their capacity to distribute dividends[182]. - The company has received and responded to inquiries from state attorneys general and other state officials regarding compliance with certain state insurance and securities laws[164]. Strategic Initiatives - The company plans to grow operating earnings through a repositioned product portfolio focused on less capital-intensive, higher return accumulation and protection products[106]. - The company aims to enhance its brand and operational effectiveness to compete for AUM in a market favoring passive investment services[96]. - The company aims to enhance advisor productivity through state-of-the-art technology and a proprietary Life Planning training curriculum[139].

NEW YORK--(BUSINESS WIRE)--Equitable Holdings, Inc. (the “Company”) (NYSE: EQH) announced today that its Board of Directors has declared a quarterly cash dividend of $0.22 per share of common stock. The dividend on the common stock will be payable March 4, 2024, to shareholders of record at the close of business on February 26, 2024. The Company’s board also declared the following cash dividends: Quarterly dividend of $328.125 per share on Series A 5.25% Non-Cumulative Perpetual Preferred Stock, with a l ...

Financial Performance - Full year non-GAAP operating earnings per share reached $4.59, and $5.13 after adjusting for notable items[54] - The company generated $1.3 billion in cash flow, aligning with the 2023 guidance, with over 55% originating from non-insurance subsidiaries[54] - The company returned $1.2 billion to shareholders, exceeding the 60-70% payout target, and the board approved a new $1.3 billion buyback authorization[54] - Non-GAAP Operating Earnings adjusted for notable items was $479 million, or $1.34 per share, up 20% year-over-year and up 3% from the previous quarter[85,109] Growth & Strategic Initiatives - Retirement saw full year net inflows of $5.3 billion, while Wealth Management experienced $3.0 billion of advisory net inflows[55] - AB Private Markets AUM increased by 9% year-over-year[55,67] - Total AUA in Wealth Management reached $87 billion, a 20% year-over-year increase, with $55 billion in advisory AUA[65] - Annualized premiums in Protection Solutions increased by 40% year-over-year in Life and 32% in Employee Benefits[19] Portfolio & Investment - The company's investment portfolio is conservatively positioned, with 50% allocated to U S Treasury, Gov't and Agency bonds, totaling $99 billion[3] - The alternative investment portfolio has shown strong returns over time, with a historical average return of +10.4% since 2013[147] - The company has committed $1.6 billion to impact investing towards a goal of $1-2 billion[75]

Equitable Holdings, Inc. (EQH) reported $3.55 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.5%. EPS of $1.33 for the same period compares to $1.11 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.5 billion, representing a surprise of +1.58%. The company delivered an EPS surprise of +13.68%, with the consensus EPS estimate being $1.17.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————————————— FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38469 ———————————————— Equitable Holdings, Inc. (Exact name of registrant as specified in its charter) ( ...

Key Metrics (1) Includes certain gross legal expenses related to the cost of insurance litigation and claims related to a commercial relationship of $2 million for the three months ended September 30, 2022. Includes the impact of unfavorable annual actuarial assumptions updates related to LFPB of $61 million for the three months ended September 30, 2023. Prior period impact was immaterial and was not revised. The legal accruals impact per common share is $0.01 for the three months ended September 30, 2022. ...