Equitable Holdings (EQH) Tops Q2 EPS by 35c
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Equitable Holdings Reports Second Quarter 2021 Results
August 4, 2021 4:15 PM EDTStrong second quarter results evidenced by c. $6.1bn of net flows and AUM up 22%
Net income of $123m; net income per share of $0.23
Non-GAAP operating earnings1 of $758m, or $1.71 per share
Successfully closed legacy VA reinsurance transaction, unlocking $1bn of economic value
Delivering on 50-60% payout ratio target: returned $355m to shareholders in Q2; $859m YTD
Announcing new targets: $180m GA rebalance and $80m expense savings by 2023
NEW YORK--(BUSINESS... More
