Equitable Holdings (EQH) Tops Q2 EPS by 35c

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Go back to Equitable Holdings (EQH) Tops Q2 EPS by 35c

Equitable Holdings Reports Second Quarter 2021 Results

August 4, 2021 4:15 PM EDT

Strong second quarter results evidenced by c. $6.1bn of net flows and AUM up 22%

Net income of $123m; net income per share of $0.23

Non-GAAP operating earnings1 of $758m, or $1.71 per share

Successfully closed legacy VA reinsurance transaction, unlocking $1bn of economic value

Delivering on 50-60% payout ratio target: returned $355m to shareholders in Q2; $859m YTD

Announcing new targets: $180m GA rebalance and $80m expense savings by 2023

NEW YORK--(BUSINESS... More