Financial Performance - Non-GAAP operating earnings per share were $1.10, but adjusted for notable items, the figure rises to $1.41[8] - Assets Under Management/Administration (AUM/A) reached $1.1 trillion, an 8% increase year-over-year and 5% year-to-date[8] - The company returned $318 million to shareholders, resulting in a payout ratio of 74%, exceeding the target range of 60-70%[8] - The company is on track to generate $1.6-1.7 billion of organic cash in 2025, with approximately 50% originating from asset and wealth management[8] Strategic Initiatives - The Individual Life transaction closed on July 31st, generating approximately $2 billion in value and reducing mortality exposure by 75%[8] - The company expects $1 billion of incremental dividends to Holdings in the second half of 2025 from the Individual Life transaction[8] - Private Markets AUM increased by 20% year-over-year, reaching $77 billion[8,11] - The company ceded approximately $30 billion of annuity liabilities to its Bermuda entity[21] Segment Results - Retirement saw net inflows of $1.9 billion, supported by RILA and BlackRock LifePath Paycheck[8] - Wealth Management advisory net inflows amounted to $2.0 billion[8] - Asset Management experienced active net outflows of $4.8 billion, primarily in April[8]
Equitable(EQH) - 2025 Q2 - Earnings Call Presentation