Equitable Holdings Inc. reported a net loss of $1.3 billion, or $(4.47) per share, for the third quarter ended September 30, 2025, primarily due to a one-time impact from a life reinsurance transaction. Non-GAAP operating earnings were $455 million, or $1.48 per share, and $510 million, or $1.67 per share, when adjusted for notable items, representing a 2% increase from the prior year quarter. Assets under management reached a record $1.1 trillion, up from $1.0 trillion in the previous year. The company reported net inflows of $1.1 billion in Retirement, $2.2 billion in Wealth Management, and $1.7 billion in Asset Management, excluding the impact of the reinsurance transaction. Equitable Holdings deployed $1.5 billion of capital during the quarter, including $757 million in buybacks and dividends, $500 million in debt repayment, and approximately $200 million for growth investments. The company also announced the acquisition of Stifel Independent Advisors, which has over 110 advisors and approximately $9 billion in assets under management.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equitable Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251104750086) on November 04, 2025, and is solely responsible for the information contained therein.
Comments