earnings
confidence high
sentiment positive
materiality 0.75
Equitable Holdings Q1 2024 non-GAAP EPS $1.43, up 49% YoY; net inflows $1.5B in Retirement
Equitable Holdings, Inc.
2024-Q1 EPS reported
$0.30
revenue$2,230,000,000
- Non-GAAP operating earnings of $490M ($1.43/sh), up 49% vs prior year; adjusted non-GAAP EPS of $1.43.
- Net income of $114M ($0.30/sh); Retirement premiums and deposits up 42% YoY to $1.5B net inflows.
- Asset Management active net inflows of $3.7B, driven by fixed income demand in Retail and Private Wealth.
- Returned $326M to shareholders in Q1; reaffirms 60-70% payout ratio and 2027 targets of $2B cash flow, 12-15% EPS growth.