earnings
confidence high
sentiment neutral
materiality 0.75
Equitable Holdings Q3 2022 net income $273M ($0.69); Non-GAAP operating earnings $1.28/share
Equitable Holdings, Inc.
2022-Q3 EPS reported
$6.58
revenue$12,121,000,000
- Net income $273M ($0.69); Non-GAAP operating earnings $498M ($1.28); adjusted $511M ($1.32) on favorable assumption update.
- Returned $0.3bn to shareholders in Q3, $1.0bn YTD; $2.0bn cash at Holdings; 50-60% payout target reiterated.
- Retirement inflows $1.2bn; AUM declined 5% in Q3; asset management fee-rate improved 7% YoY.
- Economic balance sheet resilient with fair value hedging; conservatively positioned investment portfolio.