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Dec 31, 2022
Equitable Holdings Q4 2022 Earnings Report
Equitable Holdings reported mixed Q4 2022 results, with a net loss but solid cash flow generation and capital return.
Key Takeaways
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.
Net loss attributable to Holdings was $789 million, or $2.21 per share.
Non-GAAP operating earnings were $436 million, or $1.11 per share.
The company returned $1.3 billion to shareholders in 2022.
Total AUM was $754 billion, a year-over-year decrease of 17.0%.
Revenue by Segment
Forward Guidance
Equitable Holdings expects approximately $1.3 billion of cash generation in 2023, supporting the continued execution of its capital management program.
Positive Outlook
- Confident about the resilience of the business model
- Committed to the capital management program
- Expects c. $1.3 billion of cash generation in 2023
- Supporting financial flexibility
- Consistent capital return in 2023
Historical Earnings Impact
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Avg. Return Before/After Earnings
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