Welcome to our dedicated page for Equitable Holdings news (Ticker: EQH), a resource for investors and traders seeking the latest updates and insights on Equitable Holdings stock.
Equitable Holdings, Inc. (NYSE: EQH) generates a steady flow of news as a financial services holding company with businesses in retirement, protection, asset management and wealth management. Its principal franchises—Equitable, AllianceBernstein and Equitable Advisors—regularly issue announcements that reflect strategic, financial and advisory developments across the group.
On this page, readers can follow EQH news related to quarterly and annual financial results, capital management actions and corporate transactions. The company frequently announces earnings dates, releases detailed quarterly results and discusses segment performance in Retirement, Asset Management and Wealth Management, along with capital deployment through dividends, share repurchases, debt management and reinsurance transactions.
Equitable Holdings also issues news about strategic initiatives and acquisitions, such as agreements for its affiliates to acquire advisory businesses that expand its Wealth Management footprint. Filings and press releases describe how these transactions are intended to support long-term growth and align with the company’s integrated business model.
Another source of EQH-related news is research and thought leadership produced by Equitable. Recent studies have examined Generation X investors’ retirement planning behaviors and small business owners’ use of financial professionals, highlighting demand for advice, protection and retirement strategies. These releases provide insight into how the company views client needs and advisory relationships.
AllianceBernstein, as a subsidiary of Equitable Holdings, contributes additional headlines through leadership appointments and updates on its investment management activities. Equitable Advisors features in stories about advisor growth, support platforms and the role of financial professionals in client planning.
Investors, clients and observers can use this news feed to monitor how Equitable Holdings manages its segments, pursues acquisitions, conducts research on client segments and communicates financial performance over time.
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Equitable Holdings, Inc. (NYSE: EQH) has announced the closure of a significant transaction involving its subsidiary, Equitable Financial Life Insurance Company, and Global Atlantic Financial Group’s First Allmerica Financial Life Insurance Company. This deal reinsures a 50% quota share of pre-2009 Group Retirement VA contracts, backed by approximately $4 billion in general account assets and $6 billion in separate account value. This strategic move mitigates $1 billion in redundant reserves as per New York's Regulation 213, thereby enhancing future cash flow security.
Equitable has launched the Retirement Gateway for Small Business, a new 401(k) program designed for small businesses with account values up to $500k. This initiative aims to simplify the 401(k) onboarding and administration process, addressing the underserved micro 401(k) market. Key features include fiduciary support, automatic enrollment to boost participation, and streamlined payroll integration. The program is aligned with upcoming SECURE Act 2.0 provisions, which are expected to enhance tax credits for small businesses, thus fostering growth in the micro 401(k) sector.
Equitable Holdings (NYSE: EQH) announced that CFO Robin M. Raju will speak at the 2022 KBW Insurance Conference on September 7, 2022, at 2:05 p.m. ET. Investors can access the live audio webcast through the Equitable Holdings Investor Relations website, with a replay available post-event. Equitable Holdings is a financial services company with approximately 12,000 employees and $754 billion in assets under management as of June 30, 2022. It serves over 5 million clients globally, offering retirement strategies and investment services.
Equitable Holdings, Inc. (NYSE: EQH) announced the acquisition of Penn Investment Advisors, Inc., enhancing its wealth management strategy. The deal, expected to close in Q4 2022, brings $600 million in assets under administration and 950 clients to Equitable. This acquisition supports Equitable Advisors, which manages $70.8 billion and employs approximately 4,200 financial professionals. Key leaders from PIA will join Equitable, ensuring a seamless transition for clients and continued advisory services.
Global Atlantic Financial Group announced a reinsuring agreement with Equitable Financial Life Insurance Company, involving the transfer of approximately $3 billion in assets. This deal focuses on a subset of Equitable's group retirement annuities, which collectively hold $10 billion in value. The transaction is expected to conclude in the fourth quarter, pending regulatory approvals. This is Global Atlantic's second reinsurance deal in 2022, furthering its position in the reinsurance market with approximately $80 billion of assets reinsured since 2004.
Equitable Holdings, Inc. (NYSE: EQH) announced the mitigation of $1 billion in redundant reserves due to New York's Regulation 213. The Company's subsidiary, Equitable Financial Life Insurance Company, will reinsure 50% of pre-2009 Group Retirement VA contracts, supported by $4 billion in general account assets. This transaction is expected to yield a positive ceding commission of approximately $1.1 billion, which will help fund the remaining Reserves. The deal will have minimal impact on Group Retirement earnings, anticipated between $10 million and $15 million annually.
Equitable Holdings (NYSE: EQH) reported strong financial results for Q2 2022, boasting a net income of $1.7 billion, translating to $4.47 per share. Non-GAAP operating earnings stood at $531 million, or $1.33 per share. Total assets under management (AUM) decreased to $754 billion, a 13.2% decline from the previous year. The company maintained a robust RBC ratio of 440%, significantly above its target. Business highlights include record inflows in the retirement segment and the completion of the Carval Investors acquisition, enhancing private markets AUM.
Equitable Holdings, Inc. (NYSE: EQH) has declared a $0.20 quarterly cash dividend per share of common stock, payable on August 15, 2022, to shareholders of record by August 8, 2022. Additionally, the company announced dividends for Series A and Series C Non-Cumulative Perpetual Preferred Stock at $328.125 and $268.750 per share, respectively, both payable on September 15, 2022. These payments reflect the company's commitment to rewarding shareholders amidst its ongoing financial services operations.
Equitable Holdings, Inc. (NYSE: EQH) will issue its second quarter 2022 financial results on August 3, 2022. The results will be followed by a conference call on August 4, 2022, at 8:00 a.m. ET. Interested parties can access the call via the investor relations website. The company manages approximately $856 billion in assets and serves over 5 million clients globally.