Equitable Holdings (EQH) Tops Q4 EPS by 3c, Approves $1.2B Buyback Plan
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Equitable Holdings Reports Full Year and Fourth Quarter 2021 Results
February 10, 2022 4:18 PM ESTRecord full year results supported by $25 billion of net inflows, driven by AllianceBernstein and Structured Capital Strategies offsetting legacy VA outflows, and AUM up 12% year-over-year Business model drives strong capital return of $1.9 billion in 2021; authorized new $1.2 billion repurchase program for 2022 Net income of $(439) million; net income per share of $(1.24) Non-GAAP operating earnings1 of $2.8 billion, or $6.58 per share Continued business mix shift reducing legacy VA exposure to 18% of retirement account value2
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