earnings
confidence high
sentiment positive
materiality 0.75
Equitable Q1 2025: Non-GAAP EPS $1.30; net flows strong; RGA deal on track
Equitable Holdings, Inc.
2025-Q1 EPS reported
$0.16
revenue$4,576,000,000
- Net income $63M ($0.16 EPS); Non-GAAP operating earnings $421M ($1.30 EPS); adjusted $434M ($1.35 EPS).
- Retirement net inflows $1.6B, Wealth Mgmt $2.0B, Asset Mgmt $2.4B; AllianceBernstein active net inflows $2.7B.
- Returned $335M to shareholders; acquired ~$760M of AllianceBernstein units in April, raising ownership to ~69%.
- Life reinsurance transaction with RGA on track for mid-2025 close, freeing over $2B capital.
- Plans incremental $500M share repurchase post-RGA close; holdco liquidity $1.1B; RBC ratio ~425%.