Q3 2025 Equitable Holdings Inc Earnings Call Transcript

Nov 5, 2025 / 02:00 PM GMT

Release Date Price: €34

Transcript 10-Q8-K

Key Points

Positve

Equitable Holdings Inc (EQH) delivered solid third-quarter results with continued organic growth momentum and increased earnings power across its businesses.
The company allocated $1.5 billion of capital to drive shareholder value and future growth, including $200 million in investments to accelerate growth in asset and wealth management.
Record assets under management reached $1.1 trillion, up 4% sequentially, indicating strong future growth and earnings potential.
Wealth management had a strong quarter with $2.2 billion of advisory net inflows and a 12% annualized growth rate, with advisor productivity increasing by 8% year over year.
Equitable Holdings Inc (EQH) completed most of its planned $500 million of incremental buybacks and expects a full-year payout ratio at the upper end of its 60-70% target range.

Negative

Non-GAAP operating earnings per share were down 6% year over year on a per-share basis.
The company reported a GAAP net loss of $1.3 billion, primarily driven by a one-time impact from asset transfers related to the individual life reinsurance transaction.
AB reported total net outflows of $2.3 billion, including $4 billion of low-fee assets transferred to RGA as part of the life reinsurance transaction.
Retirement earnings declined from the third quarter of 2024, with net interest margin down year over year due to lower market value adjustment gains and spread compression.
Corporate and other segments were negatively affected by notable items and adverse mortality, with expectations of more muted impacts in future periods.

Refinitiv StreetEvents Event Transcript
P R E L I M I N A R Y V E R S I O N

EQH.N - Equitable Holdings Inc
Q3 2025 Equitable Holdings Inc Earnings Call
Nov 05, 2025 / 02:00PM GMT

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THIS TRANSCRIPT IS THE INITIAL PRELIMINARY VERSION WHICH LEVERAGES MACHINE LEARNING TECHNOLOGY. AS SUCH, PLEASE BE AWARE THERE MAY BE INACCURACIES IN THE TEXT DISPLAYED. FUTURE EDITED VERSIONS WILL BE REVIEWED FOR GREATER ACCURACY.

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Hello and welcome to Equitable Holdings Inc.

3rd quarter earning call.

Please note that this call is

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