Equitable Holdings Q4 revenues increased due to segment strength, despite missing earnings estimates.

From Nasdaq: 2025-02-17 13:47:00

Equitable Holdings, Inc.’s EQH shares rose 3.4% post Q4 2024 results, despite pressure on investment results. Revenue growth in Asset Management and Wealth Management segments offset the downside. Adjusted EPS was $1.57, up 18% YoY, but missed estimates by 2.5%. Operating revenues were up 11.3% to $4 billion, missing consensus by 1%.

Policy charges and fee income grew 6.5% to $638 million, premiums rose 3.9% to $292 million, and net investment income was $1.2 billion. Total benefits and deductions dropped 18.9% to $2.4 billion. Equitable Holdings reported pre-tax income of $1.2 billion and total AUM of $918.8 billion at the end of Q4.

Revenue growth was seen across segments like Individual Retirement, Group Retirement, Asset Management, and Protection Solutions. Wealth Management segment saw revenue increase to $481 million, while Legacy segment revenue grew to $129 million. Equitable Holdings’ total assets reached $295.9 billion by the end of 2024.

The company returned $335 million in Q4 through dividends and repurchases. Full-year 2024 adjusted EPS was $5.93, up 29.2% YoY, with total revenues hitting $12.4 billion. Equitable Holdings aims to generate $1.6-$1.7 billion in cash for 2025 and maintain an annual cash generation target of $2 billion over 2023-2027.

Equitable Holdings currently holds a Zacks Rank #3. Other finance sector players like Virtu Financial, Euronet Worldwide, and American Express beat earnings estimates in Q4. Virtu Financial reported adjusted EPS of $1.14, a significant increase YoY, while Euronet reported EPS of $2.08, up 10% YoY, and American Express reported EPS of $3.04, up 16% YoY.



Read more at Nasdaq: Equitable Holdings Q4 Earnings Miss, Revenues Up Y/Y on Segment Strength