earnings
confidence high
sentiment positive
materiality 0.70
Equitable Holdings Q2 2024 Non-GAAP Op EPS $1.52, up 20% YoY; record AUM $986B
Equitable Holdings, Inc.
2024-Q2 EPS reported
$1.52
revenue$5,740,000,000
- Net income $428M ($1.23 EPS); Non-GAAP op earnings $494M ($1.43 EPS); adj for notable items $525M ($1.52 EPS).
- Record AUM/A of $986B; Retirement net inflows $2.3B, Wealth Mgmt $1.5B, Asset Mgmt $1.3B active net inflows.
- Returned $325M to shareholders via buybacks/dividends, achieving 60-70% payout ratio target.
- On track for $1.4-1.5B cash generation in 2024; target $2.0B annually by 2027. RBC ratio ~425-450%.