Q1 2025 Equitable Holdings Inc Earnings Call Transcript
Key Points
- Equitable Holdings Inc (EQH) reported strong net inflows in its retirement and wealth management businesses, with $1.6 billion in retirement net inflows and $2 billion in advisory net inflows.
- AllianceBernstein (AB), a subsidiary of Equitable Holdings Inc (EQH), delivered positive net flows across all distribution channels, with a 19% year-over-year increase in operating earnings.
- Equitable Holdings Inc (EQH) returned $335 million to shareholders in the first quarter, representing an 80% payout ratio, and plans to execute $500 million of incremental share repurchases post the RGA reinsurance transaction.
- The company is well-positioned to navigate macro volatility with a strong balance sheet, including a 425% combined NAIC RBC ratio and $1.1 billion of holding company liquidity.
- Equitable Holdings Inc (EQH) has a robust product portfolio, including the RILA product, which provides downside protection and upside participation, attracting strong demand in volatile markets.
- Non-GAAP operating earnings per share decreased by 7% year over year, impacted by elevated mortality claims in the individual life insurance block.
- The Protection Solutions segment reported a loss of $17 million due to high individual life mortality claims.
- Equitable Holdings Inc (EQH) experienced a decline in fee income due to a decrease in average separate account assets and fewer fee days in the first quarter.
- The company faces near-term headwinds from market volatility and tax payments, which have pressured April flows.
- Equitable Holdings Inc (EQH) is exposed to equity market volatility, which affects fee-related earnings, particularly in the Individual Retirement segment.
Hello, and welcome to the Equitable Holdings first-quarter earnings call. (Operator Instructions) I would now like to turn the conference over to Erik Bass, Head of Investor Relations. You may begin.
Thank you. Good morning, and welcome to Equitable Holdings, first-quarter 2025 earnings call. Materials for today's call can be found on our website at ir.equitableholdings.com. Before we begin, I would like to note that some of the information we present today is forward-looking and subject to certain SEC rules and regulations regarding disclosure.
Our results may differ materially from those expressed in or indicated by such forward-looking statements. Please refer to the Safe Harbor language on slide 2 of our presentation for additional information.
Joining me on today's call are Mark Pearson, President and Chief Executive Officer of Equitable Holdings; Robin Raju, our Chief Financial Officer; Nick Lane, President of Equitable Financial; Tom Simioni,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
