Equitable Holdings ( (EQH) ) has shared an update.
On February 23, 2025, Equitable Holdings entered into an agreement with RGA Reinsurance Company to reinsure 75% of its in-force individual life insurance block, a move expected to generate over $2 billion in value, including a positive ceding commission and capital release. This transaction is strategically designed to enhance Equitable’s focus on its growth areas—retirement, asset management, and wealth management—and is anticipated to be accretive to its 2027 financial targets. The agreement, having received board approval, is set to close in mid-2025 pending regulatory approvals, and Equitable plans to increase its stake in AllianceBernstein and execute $500 million in additional share repurchases post-transaction.
More about Equitable Holdings
Equitable Holdings, Inc. is a prominent financial services holding company encompassing businesses such as Equitable, AllianceBernstein, and Equitable Advisors. With $1.0 trillion in assets under management and administration as of December 31, 2024, the company offers retirement and protection strategies globally. AllianceBernstein provides diversified investment services, while Equitable Advisors offers financial planning, wealth management, and retirement planning services.
YTD Price Performance: 7.83%
Average Trading Volume: 2,669,110
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $16.1B
For a thorough assessment of EQH stock, go to TipRanks’ Stock Analysis page.