Equitable Holdings Q3 2021 Earnings Report
Key Takeaways
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.
Non-GAAP operating earnings of $1.94 per share, a 56% year-over-year increase.
AUM increased 17% year-over-year to $871 billion.
Individual Retirement reported a record quarter in sales of Structured Capital Strategies (SCS) buffered annuity product with $1.9 billion in first year premium.
Announced XXX financing transaction unlocking $1 billion in value.
Equitable Holdings
Equitable Holdings
Equitable Holdings Revenue by Segment
Forward Guidance
Equitable Holdings completed its annual actuarial assumption review in the third quarter, resulting in a limited impact to net income of $(85) million and a $6 million impact to non-GAAP operating earnings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income