EQH Q1 GAAP net income $177M ($0.45/shr); adjusted operating earnings $456M ($1.21/shr), down 18% YoY

Equitable Holdings, Inc.

2023-Q1 EPS reported $0.45 revenue$2,357,000,000

Non-GAAP operating earnings $364M ($0.96/shr), or $456M ($1.21/shr) after adjusting for notable items; GAAP net income $177M ($0.45/shr).
Core net inflows of $3.2B across Retirement, Asset and Wealth Management segments; returned $286M to shareholders in Q1.
HoldCo cash $1.8B net of $520M debt repayment in April 2023; 96% of fixed maturities rated investment grade.
Q1 adjusted operating EPS up 9% QoQ but down 18% YoY; company cites in-line expectations with equity markets driving fee-based earnings.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Equitable Holdings, Inc. reported the first quarter ended March 31, 2023 results: net income $177 million, EPS $0.45.

Period: the first quarter ended March 31, 2023
Net income: $177 million
EPS: $0.45
Result: reported results

Exact text from the filing

Equitable Holdings, Inc. (“EQH”) issued a press release announcing its financial results for the quarter and full year ended March 31, 2023.

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Source: SEC EDGAR

accession 0001333986-23-000008

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