Equitable Holdings, Inc. announced financial results for the first quarter ended March 31, 2025, reporting Non-GAAP operating earnings per share of $1.30, or $1.35 after adjusting for notable items. This represents a decrease from $1.39 per share in the prior year quarter, primarily impacted by below-plan alternative investment income and elevated individual life mortality claims.
Despite the decrease in operating earnings, the company reported strong organic growth momentum across its businesses, with $1.6 billion of net inflows in Retirement, $2.0 billion of advisory net inflows in Wealth Management, and $2.7 billion of total active net inflows at AllianceBernstein. Total Assets Under Management and Administration (AUM/A) stood at $1.0 trillion as of March 31, 2025.
Equitable Holdings highlighted its robust balance sheet and ongoing strategic initiatives, including the upcoming closure of its individual life reinsurance transaction with RGA, expected to free over $2 billion of capital. The company also noted its recent acquisition of approximately $760 million of AllianceBernstein Holding units, increasing its ownership to approximately 69%.
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