Equitable Holdings, Inc. SEC 10-Q-report trading view news

Equitable Holdings, Inc., a leading financial service company, has published its form 10-Q report for the third quarter and offers a comprehensive overview of the financial and operational performance. The report shows considerable sales growth, a minor decline in net income and detailed insights into the performance of its various business segments.

Financial highlights

• Total turnover: 4,576 million US dollars, which contradicts a significant increase compared to $ 2,230 million of the previous year, which is due to higher net derivative profits as well as investment management and service fees.
• Net income (loss): 150 million US dollars, a decrease of 195 million US dollars in the previous year, influenced by changes in the market risk venue and other operating costs.
• Net income (loss) that are due to investments: 63 million US dollars, according to USD 92 million, influenced a lower net result that is due to non -controlling interest rates.
• Net income (loss) that are available to Holdings' regular shareholders: 49 million US dollars compared to 78 million US dollars in the previous year, which reflects the effects of the preferred stock dividends.
• Basic profits per ordinary share: $ 0.16, a decline of $ 0.24 due to the reduction of the net habituation winner, which is available to the regular shareholders.
• Diluted result per regular share: $ 0.16, after $ 0.23, which corresponds to the decline in the basic profit per share.

Business highlights

• Segment performance: Equitable Holdings, Inc. works over six segments: individual retirement, group retirement, asset management, protection solutions, asset management and legacy. Each segment is assessed independently of management and focuses on its unique product offers and market strategies.
• Individual retirement segment: This segment offers a diverse suite of variable annuity products that mainly aim at wealthy people tailored with high networks. The focus is on providing retirement and income solutions.
• Group pension segment: This segment offers educational companies, municipalities, non-profit organizations and small to medium-sized companies for tax investment and retirement services that highlight its role in supporting institutional customers.
• Asset management segment: After a joint venture with societe generals, the segment, which was previously referred to as investment management and research, is now focusing on the provision of diversified investment management services worldwide over institutional, retail and private assets.
• Protection solution segment: This segment includes life insurance and group employees, whereby the company's commitment is emphasized for the provision of comprehensive protective products.
• Asset management segment: This segment is positioned as an emerging manager and offers a differentiated advisory value promise, including discretionary and non-discretionary investment consulting accounts, financial planning and advice as well as life insurance and annuity products.
• Legacy segment: Consists of the capital-intensive GMXB business written before 2011 with a permanent rate, which indicates a focus on the management of legacy liabilities.
• Future prospects: The company expects reinsurance to be closed with the reinsurance group of America (RGA) in mid-2025, subject to official approval, which is expected to affect the company's risk management and capital allocation strategies.
• Novation effects: In January 2025, a fair funded pension guidelines for old variables canceled, which is available to a significant loss of net income before taxes and adjustments to the market risk parts, which reflects the ongoing efforts of the company to manage laying product risks.

SEC entry: Equitable Holdings, Inc. [ EQH ] – 10 -Q – May. 01, 2025