Equitable Holdings Earnings Reports

Equitable Holdings reported a net income of $899 million for Q4 2024, or $2.76 per share, compared to a net loss of $(698) million in Q4 2023. Non-GAAP operating earnings were $522 million, or $1.57 per share. The company returned $335 million to shareholders during the quarter.

Equitable Holdings reported a net loss of $698 million for the fourth quarter of 2023, or $2.15 per share. However, non-GAAP operating earnings were $476 million, or $1.33 per share, up from $348 million in the prior year quarter. The company returned $315 million to shareholders in the quarter and authorized a new $1.3 billion share repurchase program.

Equitable Holdings reported a net loss of $789 million for Q4 2022, driven by non-economic market impacts from hedging. However, the company highlighted solid cash flow generation and capital return, including $1.3 billion returned to shareholders in 2022. Non-GAAP operating earnings were $436 million, or $529 million adjusting for notable items.

Equitable Holdings reported a net income of $254 million for Q4 2021, a significant increase compared to the net loss of $1.2 billion in Q4 2020. However, Non-GAAP operating earnings decreased to $649 million from $748 million in the same period last year. The company's AUM increased by 12% year-over-year, reaching $908 billion.

Equitable Holdings reported strong third-quarter results, driven by solid performance in its retirement and asset management businesses. Non-GAAP operating earnings were $1.94 per share, a 56% year-over-year increase. AUM increased by 17% to reach $871 billion. The company also announced a XXX financing transaction, unlocking $1 billion of capital.

Equitable Holdings reported strong second-quarter results, with non-GAAP operating earnings of $1.71 per share, a 74% increase year-over-year. The company benefited from positive net flows and favorable equity markets, with AUM reaching $869 billion, up 22% year-over-year. They successfully closed their VA reinsurance transaction, unlocking $1 billion of economic value.

Equitable Holdings reported a net loss of $1,488 million, or $3.46 per share, compared to a net income of $5,388 million in the first quarter of 2020. Non-GAAP operating earnings were $600 million, or $1.35 per share, up 19% year-over-year. Assets under management grew 27% year-over-year to $822 billion.

Equitable Holdings reported a net loss of $1,238 million for Q4 2020, compared to a net loss of $946 million in Q4 2019. However, non-GAAP operating earnings improved to $748 million from $653 million in the same quarter of the previous year. Assets under management reached a record $809 billion.

Equitable Holdings reported a GAAP net loss of $779 million, or $1.77 per common share, but achieved non-GAAP operating earnings of $568 million, or $1.24 per common share. The company saw a 6% increase in assets under management, reaching $746 billion, and achieved its $75 million productivity target ahead of schedule. They also announced $500 million in incremental share repurchases for 2021.

Equitable Holdings reported a GAAP Net loss of $4.0 billion, or $8.96 per common share, but a Non-GAAP operating earnings of $459 million, or $1.00 per common share. The company's assets under management grew by 3% year-over-year to $711 billion. They returned $102 million to shareholders in Q2, and $376 million YTD.

Equitable Holdings reported a strong first quarter in 2020, marked by a net income of $5.4 billion and non-GAAP operating earnings of $515 million. The company's balance sheet and business model demonstrated resilience amidst an uncertain economic outlook, with a robust RBC ratio. AUM was $646 billion, down 3% year-over-year.