Highest-materiality recent filing
EQH Q1 adj EPS up 25% YoY; all-stock merger with Corebridge
GAAP net income $621M ($2.14 EPS); adjusted non-GAAP EPS $1.68, up 25% YoY.
Nippon Life enters voting and support agreement for Equitable-Corebridge merger
Nippon Life agrees to vote all its Corebridge shares in favor of the merger and against any alternative acquisition proposals.
EQH and CRBG agree to all-stock merger; EQH holders get 1.55516 HoldCo shares, own 49%
Each EQH share converts to 1.55516 HoldCo shares; each CRBG share converts to 1 HoldCo share.
Equitable Holdings FY2025 Non-GAAP op earnings $1.7B; net loss $1.4B; guides cash generation up
FY net loss $1.4B ($4.83/sh); Q4 net income $215M ($0.70).
Equitable Holdings Q3 net loss $1.3B on reinsurance charge; adjusted operating EPS up 2%
Net loss of $1.3B ($4.47/share) driven by one-time life reinsurance transaction with RGA.
Equitable Holdings accepts $500M of 4.350% Senior Notes due 2028 in tender offer; prorated at 66.5%
Total $1.069B tendered; only $500M accepted due to increased Series Cap for Priority Level 1.
Equitable Holdings Q2 net loss $349M; closes $2B Life reinsurance with RGA
Net loss of $349M ($1.21 per share); Non-GAAP operating earnings $352M ($1.10), adjusted $447M ($1.41) down 8% YoY.
Equitable Holdings closes $2B+ reinsurance deal with RGA for 75% of individual life block
Subsidiaries EFLIC, EFLOA, EFLA entered reinsurance agreements with RGA Reinsurance Company effective April 1, 2025.
Equitable Q1 2025: Non-GAAP EPS $1.30; net flows strong; RGA deal on track
Net income $63M ($0.16 EPS); Non-GAAP operating earnings $421M ($1.30 EPS); adjusted $434M ($1.35 EPS).
Equitable finalizes tender for 19.7M AB Holding Units at $38.50 each for ~$757.8M
Equitable accepted 19,682,946 Units at $38.50/Unit for aggregate cost of ~$757.8M.
Equitable Holdings accepts 19.8M AB Holding units at $38.50; cost ~$761M
Preliminary count: 19,766,878 Units tendered at $38.50/Unit, aggregate cost ~$761M.
Equitable Holdings issues $500M of 6.700% junior subordinated notes due 2055
Issued $500M aggregate principal of 6.700% Fixed-to-Fixed Reset Rate Junior Subordinated Debt Securities due 2055.
Over $2B value from ceding 75% of in-force individual life block on pro-rata basis to RGA.
Equitable Holdings launches $1.8B tender offer for 46M AB Holding units at $38.50/unit
$500M senior unsecured delayed-draw term loan entered to fund tender; repayment expected from RGA reinsurance proceeds in mid-2025.
Equitable Holdings FY2024 Non-GAAP operating EPS $5.93, up 29% YoY; cash generation $1.5B
Full year Net income $1.3B ($3.78 per share); Q4 Net income $899M ($2.76 per share).
Equitable Holdings Q3 net loss $134M; operating EPS $1.53 (+34% YoY); record $1T AUM
Net loss of $134M ($0.47 loss per share); Non-GAAP operating earnings $501M ($1.53/share).
Equitable Holdings Q2 2024 Non-GAAP Op EPS $1.52, up 20% YoY; record AUM $986B
Net income $428M ($1.23 EPS); Non-GAAP op earnings $494M ($1.43 EPS); adj for notable items $525M ($1.52 EPS).
Equitable Holdings Q1 2024 non-GAAP EPS $1.43, up 49% YoY; net inflows $1.5B in Retirement
Non-GAAP operating earnings of $490M ($1.43/sh), up 49% vs prior year; adjusted non-GAAP EPS of $1.43.
Effective January 15, 2025, the Board of Directors (the “Board”) of Equitable Holdings, Inc. (the “Company”) elected Douglas Dachille as a director of the Company.
Max materiality 0.90 · Median 0.65 · Most common event earnings