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Earnings Call Summary | Equitable(EQH.US) Q1 2024 Earnings Conference

Earnings Call Summary | Equitable(EQH.US) Q1 2024 Earnings Conference

财报电话会议摘要 | Equity (EQH.US) 2024 年第一季度财报会议
moomoo AI ·  05/01 16:11  · 电话会议

The following is a summary of the Equitable Holdings, Inc. (EQH) Q1 2024 Earnings Call Transcript:

以下是 Equity Holdings, Inc. (EQH) 2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • Equitable Holdings reported Q1 non-GAAP operating earnings of $490 million, or $1.43 per share, up 49% year-over-year on a per-share basis.

  • After adjusting for notable items, non-GAAP operating EPS remained $1.43, up 18% compared to the previous year.

  • The company bought back $253 million of stock and paid $73 million of dividends, totaling a payout ratio of 68%.

  • Assets under management and administration saw a 13% increase year-over-year to $974 billion.

  • Equity Holdings报告称,第一季度非公认会计准则营业收益为4.9亿美元,合每股1.43美元,同比增长49%。

  • 经重要项目调整后,非公认会计准则运营每股收益仍为1.43美元,与上年相比增长18%。

  • 该公司回购了2.53亿美元的股票并支付了7300万美元的股息,总派息率为68%。

  • 管理和管理的资产同比增长13%,达到9740亿美元。

Business Progress:

业务进展:

  • The Individual Retirement segment delivered 8% organic growth in the last 12 months.

  • The company noted strong demand for their Retirement, Asset Management, and Wealth management solutions.

  • They aim to boost growth in assets under management and administration, benefiting from a favorable interest rate environment and robust demand for their AI platform.

  • The firm plans to capitalize on the growth opportunity presented by the US retirement market, with offerings with leading asset managers BlackRock and AB.

  • The company is evaluating multiple options for their Protection Solutions business with reinsurers to improve profitability.

  • AllianceBernstein expects continued flows into fixed income and is planning several new product launches.

  • In partnership with BlackRock, new flows are expected in the institutional business line for their Group Retirement business.

  • Equitable Holdings is investing actively in their Protection segment while focusing on technology to disrupt the market.

  • 在过去的12个月中,个人退休板块实现了8%的有机增长。

  • 该公司注意到对其退休、资产管理和财富管理解决方案的强劲需求。

  • 他们的目标是促进管理和管理资产的增长,受益于有利的利率环境和对其人工智能平台的强劲需求。

  • 该公司计划利用美国退休市场带来的增长机会,向领先的资产管理公司贝莱德和AB发行产品。

  • 该公司正在与再保险公司一起评估其保护解决方案业务的多种选择,以提高盈利能力。

  • AllianceBernstein预计将继续流入固定收益,并计划推出几款新产品。

  • 与贝莱德合作,其集团退休业务的机构业务线预计将出现新的流量。

  • Equity Holdings正在积极投资其保护领域,同时专注于颠覆市场的技术。

More details: Equitable IR

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Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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