Quarterly ResultAug 4, 2026, 04:25 PM
Equitable Holdings Q2 Operating EPS $1.70; Corebridge Merger Approved
AI Summary
Equitable Holdings reported mixed financial results for Q2 2026, with a net loss of $453 million, but strong Non-GAAP operating earnings per share of $1.70, up 54.5% year-over-year. The company achieved positive organic growth across all businesses, driving total assets under management to a record $1.2 trillion. Shareholders overwhelmingly approved the merger with Corebridge Financial, which is expected to close by year-end 2026 and be immediately accretive to earnings.
Key Highlights
- Shareholders approved the merger with Corebridge Financial, on track to close by year-end 2026.
- Non-GAAP operating earnings per share increased 54.5% to $1.70 for Q2 2026.
- Net loss attributable to Holdings was $453 million, or $1.68 per share.
- Total Assets Under Management/Administration grew 10% to a record $1.2 trillion.
- Returned $449 million to shareholders in Q2 2026, including $366 million in share repurchases.
- Retirement segment reported net inflows of $1.7 billion.
- Wealth Management advisory net inflows reached $2.0 billion.
- Asset Management (AllianceBernstein) reported net inflows of $0.8 billion.
Price Impact
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