NYSE$EQH
Equitable Holdings Inc. · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Equitable Holdings reported strong Q4 2020 results with record assets under management, benefiting from resilient businesses and dedicated employees and advisors.
Equitable Holdings reported a net loss of $1,238 million for Q4 2020, compared to a net loss of $946 million in Q4 2019. However, non-GAAP operating earnings improved to $748 million from $653 million in the same quarter of the previous year. Assets under management reached a record $809 billion.
- Assets under management reached a record $809 billion, a 10% year-over-year increase.
- Returned $1.1 billion to shareholders for 2020, including $175 million in Q4 2020.
- Completed the execution of all targets set at IPO, including $75 million pre-tax productivity gains net of reinvestment and $160 million annualized net investment income.
- Variable annuity reinsurance transaction remains on track to close in the second quarter of 2021.
Headline financials
Revenue & EPS history
Equitable Holdings · Revenue · Quarterly
$516M
Revenue by segment
Equitable Holdings · $1.68B total across 3 segments · Q3 2023
- Asset Management Operating Earnings$1.03B+3.8%61.5%
- Wealth Management Operating Earnings$390M+10.5%23.2%
- Corporate and Other Operating Loss$257M+15.8%15.3%
Forward guidance
Equitable Holdings is focused on strategic initiatives, including capital-light business growth and the closing of the VA reinsurance transaction, expected in Q2 2021.
Tailwinds
- Focus on capital-light business growth
- VA reinsurance transaction on track to close in Q2 2021
- Strong demand for Structured Capital Strategies (SCS) buffered annuity product
- Continued focus on providing economically sound and in-demand solutions for clients
- New $1 billion share repurchase program authorized for 2021
Headwinds
- Ongoing economic uncertainty due to the COVID-19 pandemic
- Potential impacts from market volatility
- Unfavorable mortality experience
- PFBL reserve accrual
- Shift to less interest-sensitive life insurance accumulation products
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
-0.2%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+0.7%
Avg return
30 days after
57%
21 / 37 earnings
Positive
+8.8%
Q1 2020
Best reaction
-10.7%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | +2.7% | -3.1% | |
| Q4 2025 | -3.1% | +1.9% | -12.4% | |
| Q3 2025 | -7.4% | -8.7% | -6.2% | |
| Q1 2025 | -3.1% | -1.4% | +3.6% | |
| Q4 2024 | -2.3% | +0.4% | -5.9% | |
| Q3 2024 | -1.4% | +4.9% | +5.7% | |
| Q2 2024 | +1.7% | -8.7% | -2.0% | |
| Q1 2024 | +3.0% | +2.9% | +10.8% | |
| Q4 2023 | +3.2% | +3.3% | +2.8% | |
| Q3 2023 | -4.1% | +5.2% | +16.8% | |
| Q2 2023 | -1.3% | +0.4% | +0.8% | |
| Q1 2023 | -8.0% | -5.7% | +3.0% | |
| Q4 2022 | -2.0% | -0.2% | -16.0% | |
| Q3 2022 | -8.2% | -1.7% | +3.4% | |
| Q2 2022 | +3.6% | +3.5% | +6.7% | |
| Q1 2022 | -5.7% | -5.2% | +0.1% | |
| Q4 2021 | -4.5% | -4.5% | -17.4% | |
| Q3 2021 | +3.8% | +2.3% | -7.9% | |
| Q2 2021 | +1.5% | +2.1% | -0.1% | |
| Q1 2021 | +1.5% | -0.6% | -9.2% | |
| Q4 2020 | +4.7% | +0.7% | +7.5% | |
| Q3 2020 | +2.5% | +7.9% | +21.0% | |
| Q2 2020 | +1.1% | +3.0% | +1.4% | |
| Q1 2020 | +8.8% | +0.1% | +35.3% | |
| Q4 2019 | -10.7% | -9.0% | -38.1% | |
| Q3 2019 | -0.8% | +4.7% | +10.0% | |
| Q2 2019 | +4.1% | +2.8% | +3.9% | |
| Q1 2019 | +0.9% | -3.3% | -5.2% | |
| Q4 2016 | +2.6% | +2.8% | +11.0% | |
| Q4 2018 | +5.0% | +4.4% | +4.7% | |
| Q3 2018 | -2.6% | -5.5% | -18.2% | |
| Q2 2018 | +2.7% | +4.4% | +5.4% | |
| Q2 2017 | +2.7% | +4.4% | +5.4% | |
| Q3 2017 | +2.7% | +4.4% | +5.4% | |
| Q4 2017 | +1.5% | -1.5% | +0.1% | |
| Q1 2017 | +1.5% | +1.0% | +1.2% | |
| Q1 2018 | +1.0% | +3.6% | +0.2% | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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