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Equitable Holdings Reports First Quarter 2021 Results

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Equitable Holdings, Inc. (“Equitable Holdings”, “Holdings”, or the “Company”) (NYSE: EQH) today announced financial results for the first quarter ended March 31, 2021.

“Thanks to the resiliency of Equitable’s business model, we began 2021 with strong operating performance and delivered another quarter of solid results, with non-GAAP operating earnings of $1.35 per share, up 19% year-over-year. Buoyed by net flows and strong equity markets, assets under management grew 27% year-over-year to $822 billion, reaching another record high,” said Mark Pearson, President and Chief Executive Officer.

Mr. Pearson continued, “We remain grounded in our fair value economic approach to managing the business. Our balance sheet de-risking efforts will be further accelerated by our landmark variable annuity reinsurance transaction with Venerable, which remains on track to close in the second quarter. In addition to the benefits we receive from managing to a fair value framework, we remain confident in our ability to generate long-term value.”

Consolidated Results

 

 

 

 

First Quarter

(in millions, except per share amounts or unless otherwise noted)

2021

 

2020

Total Assets Under Management (“AUM”, in billions)

$

822

 

 

$

646

 

Net income (loss) attributable to Holdings

(1,488

)

 

5,388

 

Net income (loss) attributable to Holdings per common share

Equitable Holdings Inc

NYSE:EQH

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Asset Management
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United States
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