Equitable Holdings Inc Stock Price, News & Analysis

Reinsurance Group of America (RGA) has announced a significant reinsurance agreement with Equitable Holdings to reinsure a diversified block of life insurance products. RGA will reinsure 75% of Equitable's in-force life insurance liabilities, comprising $18 billion in general account reserves and $14 billion in separate account reserves, totaling $32 billion.

The transaction requires $1.5 billion of capital deployment at closing and is expected to generate approximately $70 million in adjusted operating income before taxes in 2025, increasing to $160-$170 million in 2026, and reaching approximately $200 million annually over time. RGA plans to finance the transaction using excess capital and potential debt financing.

The deal is anticipated to close in mid-2025, subject to regulatory approvals. Equitable will continue handling policyholder administration and support. The partnership expands across underwriting, product development, distribution, and investment management.

Equitable (NYSE: EQH) announces that President Nick Lane will receive the 2025 Commandant's Leadership Award from the Marine Corps-Law Enforcement Foundation (MC-LEF) at its 28th Annual Semper Fidelis Gala on April 3, 2025, in New York City.

MC-LEF, established in 1995, has awarded $93 million in scholarships to over 5,000 children of fallen U.S. Marines, Navy Corpsmen, and Federal Law Enforcement Agents. The organization currently provides $40,000 scholarship accounts per eligible child.

Lane, who leads Equitable's Retirement, Wealth Management and Protection Solutions businesses, is a former Marine Corps infantry platoon commander. He serves on the Board of Directors for AllianceBernstein and the American Council of Life Insurers. The event will also honor former Secretary of the Navy Gordon England with the 2025 Globe & Anchor Award.

Equitable Holdings (NYSE: EQH) has announced its latest dividend declarations. The company's Board of Directors has declared a quarterly cash dividend of $0.24 per share of common stock, payable March 12, 2025, to shareholders of record as of March 5, 2025.

Additionally, the company declared dividends on its preferred stock series:

• Series A 5.25% Non-Cumulative Perpetual Preferred Stock: $328.125 per share ($0.328125 per depositary share), payable March 17, 2025
• Series C 4.30% Non-Cumulative Perpetual Preferred Stock: $268.750 per share ($0.26875 per depositary share), payable March 17, 2025

Equitable Holdings (NYSE: EQH) reported strong financial results for 2024, with full-year net income of $1.3 billion ($3.78 per share) and Q4 net income of $899 million ($2.76 per share). The company achieved record net inflows across segments: $7.1 billion in Retirement, $4.0 billion in Wealth Management, and $4.3 billion in active Asset Management.

Non-GAAP operating earnings reached $2.0 billion ($5.93 per share) for the full year and $522 million ($1.57 per share) for Q4 2024. Total Assets Under Management/Administration increased 10% year-over-year to $1.0 trillion. The company generated $1.5 billion in cash during 2024 and returned $1.3 billion to shareholders, maintaining a 66% payout ratio within their 60-70% target range.

Looking ahead to 2025, Equitable Holdings projects cash generation to increase to $1.6-1.7 billion and expects Non-GAAP operating EPS growth to align with their 12-15% target.

Equitable, a major financial services firm under Equitable Holdings (NYSE: EQH), has launched Equitable Retirement Access, a new 401(k) pooled employer plan (PEP) targeting small and medium-sized businesses. This initiative addresses a critical gap in retirement planning, as over 40% of small businesses currently don't offer retirement plans due to costs and administrative burdens.

The PEP solution, enabled by the SECURE Act of 2019, allows unrelated businesses to pool retirement funds into a single plan managed by a third party, reducing administrative tasks and fiduciary risk. The offering is available through the Equitable Retirement Vision platform, with PlanConnect serving as recordkeeper and several specialized partners handling various administrative and fiduciary responsibilities.

According to an Equitable-commissioned survey, approximately 80% of Americans believe all employers should provide retirement plans, with over 80% stating they would decline job opportunities without such benefits. The company's Group Retirement business currently serves more than 1.2 million clients with various retirement solutions including 401(k), 403(b), and 457(b) plans.

Equitable Holdings (NYSE: EQH) has appointed Douglas Dachille as an independent member of its Board of Directors, effective immediately. Dachille brings three decades of expertise in insurance, banking, and asset management industries. He previously served as Chief Investment Officer of AIG from 2015 to 2021, managing a $350 billion portfolio and playing a important role in the company's post-financial crisis recovery.

Prior to AIG, Dachille co-founded and led First Principles Capital Management, served as President and COO of Zurich Capital Markets, and held leadership positions at JPMorgan Chase, including Global Head of Proprietary Trading and Co-Treasurer. He currently serves on the BridgeBio Pharma Board of Directors and holds an MBA from the University of Chicago.

Equitable Holdings (NYSE: EQH) has announced it will release its full year and fourth quarter 2024 financial results after market close on Wednesday, February 5, 2025. The company will host a conference call webcast to discuss these results on Thursday, February 6, 2025, at 10:00 a.m. ET.

The conference call webcast and additional earnings materials will be available on the company's investor relations website at ir.equitableholdings.com. Interested participants must register in advance to receive dial-in details and a unique conference call code. Registration is recommended at least 10 minutes before the call starts to ensure full participation.

Equitable Holdings (NYSE: EQH) has announced its quarterly dividend payments. The company declared a quarterly cash dividend of $0.24 per share of common stock, payable December 3, 2024, to shareholders of record as of November 26, 2024. Additionally, the board declared dividends for three preferred stock series: Series A at $328.125 per share ($0.328125 per depositary share), Series B at $618.750 per share ($24.75 per depositary share), and Series C at $268.750 per share ($0.26875 per depositary share), all payable December 16, 2024, to holders of record as of December 4, 2024.

Equitable Holdings (NYSE: EQH) reported Q3 2024 results with mixed performance. The company achieved record assets under management and administration of $1.0 trillion, up 20% year-over-year, driven by strong organic growth with net inflows across segments: $1.7B in Retirement, $1.9B in Wealth Management, and $1.1B in Asset Management. However, the company recorded a net loss of $134 million, or $(0.47) per share. Non-GAAP operating earnings were $501 million ($1.53 per share), or $521 million ($1.59 per share) excluding notable items. The company returned $330 million to shareholders and expects 2024 cash generation at the high end of its $1.4-1.5 billion guidance.