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Equitable Holdings, Inc. (EQH) is a prominent financial services company headquartered at 1930 W Van Buren St, Phoenix, Arizona, United States.
The company specializes in offering a diverse range of financial products and services designed to meet the varying needs of individuals, families, and small businesses. Equitable Holdings operates through several key business segments:
- Individual Retirement: This segment focuses on providing variable annuities, helping clients secure a stable financial future with tax-deferred investment options.
- Group Retirement: Equitable's Group Retirement division offers comprehensive retirement plans, allowing employees to invest in a secure retirement through tax-deferred contributions.
- Investment Management and Research: This segment provides diversified investment management, extensive research, and related services, offering strategic financial insights and opportunities.
- Protection Solutions: Specializing in life insurance products, this division ensures that individuals and families are protected against unexpected financial difficulties.
- Wealth Management: Equitable offers expert wealth management services, helping clients grow and preserve their wealth through personalized strategies.
- Legacy: This segment focuses on preserving and transmitting wealth across generations, ensuring long-term financial stability for clients' heirs.
Equitable Holdings is committed to providing reliable and expert financial guidance. The company's latest achievements and projects reflect its dedication to innovation and excellence in the financial services industry. With a robust financial condition and strategic partnerships, Equitable Holdings continues to deliver value to its clients and stakeholders.
Stay updated with the latest news and developments from Equitable Holdings to make informed decisions about your investments and financial plans.
Equitable Holdings, Inc. (NYSE: EQH) announced that CEO Mark Pearson will participate in the Goldman Sachs US Financial Services Conference on December 7, 2022, at 1:40 p.m. ET. A live audio webcast will be available on the Equitable Holdings Investor Relations website, and users are encouraged to log in 15 minutes early. Founded in 1859, Equitable Holdings manages approximately $716 billion in assets and serves over 5 million clients globally, with a workforce of around 12,000 professionals.
Equitable Holdings, Inc. (NYSE: EQH) announced a quarterly cash dividend of $0.20 per share, payable on December 5, 2022, to shareholders of record by November 28, 2022. Additionally, the board declared dividends for its preferred stock:
- Series A: $328.125 per share, payable on December 15, 2022.
- Series B: $618.75 per share, payable on December 15, 2022.
- Series C: $268.750 per share, payable on December 15, 2022.
Equitable Holdings (EQH) reported a net income of $273 million for Q3 2022, with earnings per share of $0.69, significantly down from $672 million and $1.59 in Q3 2021. Non-GAAP operating earnings were $498 million or $1.28 per share, adjusting for notable items yields $511 million or $1.32 per share. Total assets under management declined 17.7% year-over-year to $716 billion, primarily due to market performance. Despite a challenging environment, the firm returned $275 million to shareholders, maintaining a payout ratio of 50-60%. Investments and prudent management practices helped mitigate risks.
Equitable Holdings, Inc. (NYSE: EQH) announced enhancements to its registered index-linked annuity (RILA) products to aid clients in navigating volatile markets and inflation. The Structured Capital Strategies® Income product increased income rates by 25 basis points, addressing a decline in the equity market by 20% and high inflation. Additionally, the SCS PLUS RILA is now available in New York, extending access to more clients. These updates aim to provide clients with income and growth opportunities while mitigating equity market risks.
Equitable is now accepting applications for the 2023 Equitable Excellence Scholarship, providing 100 renewable scholarships of
Equitable Holdings (NYSE: EQH) will release its third quarter 2022 financial results on
Equitable Holdings, Inc. (NYSE: EQH) has announced the closure of a significant transaction involving its subsidiary, Equitable Financial Life Insurance Company, and Global Atlantic Financial Group’s First Allmerica Financial Life Insurance Company. This deal reinsures a 50% quota share of pre-2009 Group Retirement VA contracts, backed by approximately
Equitable has launched the Retirement Gateway for Small Business, a new 401(k) program designed for small businesses with account values up to
Equitable Holdings (NYSE: EQH) announced that CFO Robin M. Raju will speak at the 2022 KBW Insurance Conference on September 7, 2022, at 2:05 p.m. ET. Investors can access the live audio webcast through the Equitable Holdings Investor Relations website, with a replay available post-event. Equitable Holdings is a financial services company with approximately 12,000 employees and $754 billion in assets under management as of June 30, 2022. It serves over 5 million clients globally, offering retirement strategies and investment services.
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