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 |
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 |