Equitable Holdings Inc (N:EQH)

Sector:  Financials Industry:  Diversified Investment Services
See Regulatory Filings on SEC
Company Contact
NEW YORK NY 10104-0101
Tel: 1-212-314-2476
Website: https://equitableholdings.com
IR: See website
Key People
Ramon de Oliveira
Independent Chairman of the Board
Mark Pearson
President, Chief Executive Officer, Director
Anders B. Malmstrom
Senior Executive Vice President and Chief Financial Officer
Jeffrey Joy Hurd
Senior Executive Vice President and Chief Operating Officer
Dave S. Hattem
Senior Executive Vice President, General Counsel and Secretary
Seth P. Bernstein
Senior Executive Vice President and Head of Investment Management and Research
Nicholas B. Lane
Senior Executive Vice President and Head of U.S. Life, Retirement and Wealth Management
Business Overview
Equitable Holdings, Inc., formerly AXA Equitable Holdings, Inc., is a holding company that provides financial services. The Company comprises of financial advice, protection and retirement. The Company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. Individual Retirement segment provides a suit of variable annuity products, which are sold to the individuals saving for retirement or seeking guaranteed retirement income. Group Retirement segment provides tax-deferred investment products and solutions to employer-sponsored retirement plans sponsored by educational, municipalities, and small and medium-sized businesses. Investment Management and Research segment offers diversified investment management, and research products and services. Protection Solutions segment includes its life insurance and employee benefits businesses.
Financial Overview
For the fiscal year ended 31 December 2019, Equitable Holdings Inc revenues increased 10% to $13.59B. Net loss before extraordinary items totaled $1.8B vs. income of $1.75B. Revenues reflect Corporate and Other segment increase from $362M to $1.23B, Individual Retirement segment increase of 7% to $4.34B, Protection Solutions segment increase of 3% to $3.33B. Dividend per share increased from $0.26 to $0.58.
Employees: 12,300 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $14,000M as of Dec 31, 2019
Annual revenue (TTM): $13,591M as of Dec 31, 2019
EBITDA (TTM): $2,843M as of Dec 31, 2019
Net annual income (TTM): -$1,799M as of Dec 31, 2019
Free cash flow (TTM): -$594.00M as of Dec 31, 2019
Net Debt Last Fiscal Year: $6,606M as of Dec 31, 2019
Shares outstanding: 464,146,663 as of Feb 25, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization