earnings
confidence high
sentiment positive
materiality 0.75
Equitable Holdings Q3 adj. EPS $1.30, up 15% YoY; $3.0B net inflows in Retirement/Wealth Mgmt
Equitable Holdings, Inc.
2023-Q3 EPS reported
$5.47
revenue$8,358,000,000
- Non-GAAP operating earnings $413M ($1.15/sh); adjusted for notable items $468M ($1.30/sh).
- Net income $1.1B ($3.02/sh); no material impact from annual assumption review.
- Combined net inflows of $3.0B: Retirement record $1.5B, Wealth Mgmt $1.6B (8% annualized growth).
- Asset Mgmt net outflows $1.9B but retail inflows $1.6B; institutional pipeline $12.5B.
- Year-to-date cash generation $1.0B, on track for $1.3B guidance; returned $315M to shareholders in Q3.