| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 4.2K | 7.6% |
| Total Income | 4.2K | 7.6% |
| Expenditure | 3.5K | 23.1% |
| PBT | 887.00 | 409.8% |
| Net Profit | 621.00 | 885.7% |
| OPM | — | |
| NPM | 14.68% | 13.30pp |
| EPS | 2.16 | 1250.0% |
Equitable Holdings Reports Q1 2026 Results: Net Income $621 million
05 May 2026 · 5 May, 1:53 am
Summary
Equitable Holdings announced its financial results for the first quarter ended March 31, 2026. The company reported a net income of $621 million, or $2.14 per share. Non-GAAP operating earnings were $472 million, or $1.62 per share, or $1.68 excluding notable items, up 25% from the prior year quarter. The company saw healthy organic growth momentum, highlighted by $1.3 billion of net inflows in Retirement and $2.0 billion of advisory net inflows in Wealth Management. On March 26th, the company announced an all-stock merger with Corebridge Financial.
Key Highlights
- 1
Equitable Holdings reported a net income of $621 million, or $2.14 per share, for the first quarter of 2026.
- 2
Non-GAAP operating earnings were $472 million, or $1.62 per share, and adjusting for notable items, Non-GAAP operating earnings were $491 million, or $1.68 per share.
- 3
The company experienced net inflows of $1.3 billion in Retirement and $2.0 billion in Wealth Management during the quarter.
- 4
Equitable Holdings returned $223 million to shareholders in the first quarter and remains committed to the 60-70% payout ratio target for 2026.
- 5
On March 26th, Equitable Holdings announced an all-stock merger with Corebridge Financial to create a leading diversified financial institution.
- 6
Retirement reported net inflows of $1.3 billion and first year premiums of $6.0 billion, up 10% over the prior year.
- 7
Wealth Management reported advisory net inflows of $2.0 billion, with total assets under administration reaching $131 billion.
Management Comments
Mark Pearson
"We reported solid first quarter results with Non-GAAP operating earnings per share of $1.62, or $1.68 excluding notable items, up 25% from the prior year quarter. Within our businesses, we continued to see healthy organic growth momentum, highlighted by $1.3 billion of net inflows in Retirement and $2.0 billion of advisory net inflows in Wealth Management. Looking forward, we remain confident in achieving our 2026 guidance of $1.8 billion of cash generation and over 15% growth in earnings per share." "I am incredibly excited about the announced merger with Corebridge, which will create a diversified financial services company with leading positions across retirement, life insurance, asset management, and wealth management and accelerate our growth strategy. The transaction will be immediately accretive to earnings per share and cash generation, and we project at least 10% accretion on a run-rate basis by year-end 2028. By leveraging the complementary strengths of Equitable and Corebridge, the combined company will have the scale, product breadth, and distribution platform to deliver superior value to both our customers and shareholders."
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