Description

Equitable Holdings: Is the Corebridge Merger the Catalyst for Its Next Big Expansion?

Equitable Holdings reported first-quarter 2026 results demonstrating solid financial performance and ongoing strategic initiatives. The company posted non-GAAP operating earnings of $1.62 per share, or $1.68 per share after adjustments for notable items, representing a 25% increase year-over-year. This growth was driven by healthy organic growth, improved mortality experience, and a lower share count due to share repurchases. Assets under management increased 9% to $1.1 trillion, although equity markets experienced modest declines during the quarter before recovering. The company’s balance sheet remains robust, with a combined NAIC Risk-Based Capital ratio near 475% and holding company liquidity of $1.2 billion. The credit portfolio performed well, and the company’s stress-testing suggests resilience under severe market conditions. Organic growth momentum continued, particularly in retirement and wealth management segments. Retirement sales and flows rose 10%, with strength in registered indexed-linked annuities (RILAs) and net inflows of $1.3 billion.