Equitable Holdings Inc (N:EQH)

Business Focus: Diversified Investment Services

Sector:  Financials Industry:  Diversified Investment Services
 
See Regulatory Filings on SEC
Company Contact
Address: 1345 AVENUE OF THE AMERICAS
NEW YORK NY 10105
Tel: 1-212-3142476
Website: https://equitable.com
IR: See website
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Key People
Mark Pearson
President, Chief Executive Officer, Director
Robin M. Raju
Chief Financial Officer
Jeffrey J. Hurd
Chief Operating Officer
Seth P. Bernstein
Head of Investment Management and Research
Christy Chandler
Head of Service Operations
Nick Lane
Head of Retirement, Wealth Management, Protection Solutions
Jose Ramon Gonzalez
Chief Legal Officer, Secretary
   
Business Overview
Equitable Holdings, Inc. is the holding company for a diversified financial services organization. The Company's segments include Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management and Legacy. The Individual Retirement segment offers a diverse suite of variable annuity products which are primarily sold to affluent and high-net-worth individuals. The Group Retirement segment offers tax-deferred investment and retirement services or products. The Investment Management & Research segment provides diversified investment management, research, and related solutions globally. The Protection Solutions segment includes its life insurance and group employee benefits businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. Legacy segment primarily consists of its capital-intensive fixed-rate GMxB business.
Financial Overview
For the fiscal year ended 31 December 2023, Equitable Holdings Inc revenues increased 13% to $14.73B. Net income applicable to common stockholders decreased 41% to $1.22B. Revenues reflect Individual Retirement segment increase of 30% to $2.64B, Corporate and Other segment increase of 23% to $1.12B, Wealth Management segment increase of 7% to $1.55B. Net income was offset by Legacy segment income decrease of 21% to $186M.
Employees: 8,500 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $25,374M as of Dec 31, 2023
Annual revenue (TTM): $14,732M as of Dec 31, 2023
EBITDA (TTM): $4,319M as of Dec 31, 2023
Net annual income (TTM): $1,222M as of Dec 31, 2023
Free cash flow (TTM): -$706.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: $11,293M as of Dec 31, 2023
Shares outstanding: 329,710,752 as of Feb 22, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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