earnings
confidence high
sentiment neutral
materiality 0.70
Equitable Holdings Q2 net income $1.7B; Non-GAAP operating EPS $1.31; RBC ratio 440%
Equitable Holdings, Inc.
2022-Q2 EPS reported
$5.86
revenue$9,112,000,000
- Net income $1.7B ($4.47 per share) vs $123M in Q2 2021; driven by non-economic hedging market impacts.
- Non-GAAP operating earnings $526M ($1.31 per share); adjusting for notable items $531M ($1.33).
- Combined RBC ratio 440%, above 375-400% target; Equitable Financial upstreamed $0.9B dividend in July.
- AB completed acquisition of Carval Investors, expanding Private Markets AUM to $54B; total AUM $754B (-13.2% YoY).
- Record retirement sales and continued demand for advisory services despite declining markets.