Equitable Holdings Is Looking To Reshape Wealth & Retirement—But Can It Truly Become A Major Financial Powerhouse?

Equitable Holdings reported strong financial results for the year 2024, driven by the integrated business model across its Retirement, Asset Management, and Wealth Management segments. Full-year non-GAAP operating earnings reached $2 billion, or $5.93 per share, reflecting a 29% increase from the previous year on a per-share basis. Adjusted non-GAAP operating EPS was $6.18, which exceeded annual growth expectations of 12% to 15%, showing a 20% growth. Meanwhile, assets under management and administration exceeded $1 trillion, providing positive momentum for future earnings.