earnings
confidence high
sentiment positive
materiality 0.75
Equitable Holdings posts Q4 net loss $698M; full year op earnings $1.7B, new $1.3B buyback
Equitable Holdings, Inc.
2023-FY EPS reported
$3.48
revenue$10,528,000,000
- Full year net income $1.3B ($3.48/share); Q4 net loss $698M ($2.15/share).
- Full year adj. non-GAAP op earnings $1.9B ($5.13/share); Q4 $479M ($1.34/share).
- Cash flow from subs $1.3B in 2023; projected $1.4B in 2024; S&P upgraded EQH to A-.
- Retirement net inflows $5.3B; Wealth Mgmt advisory net inflows $3.0B in 2023.
- Returned $1.2B to shareholders in 2023; board approved new $1.3B share repurchase authorization.