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Dec 31, 2023
Equitable Holdings Q4 2023 Earnings Report
Equitable Holdings reported a net loss for Q4 2023, but non-GAAP operating earnings increased year-over-year, driven by strong performance in Individual Retirement and Wealth Management.
Key Takeaways
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.
Net loss of $698 million, or $2.15 per share, for the fourth quarter.
Non-GAAP operating earnings of $476 million, or $1.33 per share, for the fourth quarter.
Returned $315 million to shareholders in the fourth quarter.
Board approved a new $1.3 billion share repurchase authorization.
Revenue by Segment
Forward Guidance
Equitable Holdings expects non-GAAP operating earnings per share growth to accelerate in 2024 and project increased cash generation of $1.4 billion to $1.5 billion.
Positive Outlook
- Organic growth within Retirement and Wealth Management businesses.
- Continued execution against strategic initiatives.
- Higher interest rates
- Favorable demographic trends
- Strong Institutional pipeline with $12 billion
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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