Equitable Holdings has performed well, increasing by more than 60% in the last year due to its transformation and strong financial position. The reinsurance agreement with RGA has released $2 billion in capital, allowing EQH to repurchase shares and invest in more profitable areas. Additionally, EQH's move towards fee-based services such as wealth and asset management enhances earnings and makes it easier to return capital to investors.
NEW YORK--(BUSINESS WIRE)--Equitable Holdings has announced a cash tender offer to buy back up to 46 million units of AllianceBernstein Holding.
NEW YORK--(BUSINESS WIRE)--Equitable Holdings has reinsured 75% of its Individual Life Block with RGA.
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a top global reinsurer for life and health, has announced a new agreement with Equitable Holdings, Inc. (NYSE: EQH, "Equitable") to reinsure a variety of life insurance products and strengthen their partnership. RGA will reinsure $32 billion worth of these products and plans to invest $1.5 billion in capital at the time of closing this deal.
EQH's Q4 results show a decrease in net investment income. However, total assets under management (AUM) increased by 8.9% compared to last year, and lower expenses have helped improve profit margins.
Equitable Holdings, Inc. (NYSE:EQH) will hold its Q4 2024 Earnings Conference Call on February 6, 2025, at 10:00 AM ET. The call will feature key company participants, including Erik Bass, Mark Pearson, and Nick Lane, along with several analysts from various financial institutions. The operator will now hand over the call to Erik Bass, who will lead the discussion.
Equitable Holdings, Inc. (EQH) reported quarterly earnings of $1.57 per share, which is lower than the Zacks Consensus Estimate of $1.61 per share. In comparison, the company earned $1.33 per share during the same period last year.
NEW YORK--(BUSINESS WIRE)--Equitable Holdings has announced its results for the entire year and the fourth quarter of 2024.
Equitable Holdings (EQH) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.
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