Equitable Holdings Q2: Net income $759M, non-GAAP op earnings $441M, record Retirement inflows $1.4B

Equitable Holdings, Inc.

2023-Q2 EPS reported $2.49 revenue$4,734,000,000

Net income $759M ($2.06 EPS); Non-GAAP op earnings $441M ($1.17 EPS); adjusted $480M ($1.27 EPS).
Record Retirement net inflows $1.4B; Wealth Mgmt net inflows $1.3B; Asset Mgmt net outflows $4.0B (low-fee institutional redemptions).
Cash generation YTD $0.9B, on track for $1.3B guidance; returned $304M in quarter supporting 60-70% payout target.
Combined insurance RBC ~425-450%, conservative balance sheet and fair value management.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Equitable Holdings, Inc. reported the quarter ended June 30, 2023 results: net income $759 million, EPS $2.06.

Period: the quarter ended June 30, 2023
Net income: $759 million
EPS: $2.06
Result: reported results

Exact text from the filing

On August 2, 2023, Equitable Holdings, Inc. (“EQH”) issued a press release announcing its financial results for the quarter ended June 30, 2023.

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Equitable Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001333986-23-000023

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