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AI brief of an SEC Form 8-K · Equitable (EQH)

Equitable Holdings Q1 net income falls to $63 million, or $0.16 per share

Negative Impact 3 of 5 earnings Written later

Equitable Holdings reported first quarter 2025 net income attributable to Holdings of $63 million, or $0.16 per share, down from $92 million, or $0.23 per share, a year earlier. Non-GAAP operating earnings were $421 million, or $1.30 per share, compared with $477 million, or $1.39 per share, in the first quarter of 2024. The company also plans to raise its quarterly dividend to $0.27 per share from $0.24 in the second quarter and expects to close its life reinsurance transaction with RGA in mid-2025.

Key points

  • Net income attributable to Holdings was $63 million, or $0.16 per share, versus $92 million, or $0.23 per share, in Q1 2024.
  • Non-GAAP operating earnings were $421 million, or $1.30 per share, versus $477 million, or $1.39 per share; $1.35 per share after adjusting for notable items.
  • Novation of certain Legacy VA policies resulted in a $499 million pre-tax loss and a total impact loss of $236 million.
  • Quarterly dividend to rise to $0.27 per share from $0.24 in Q2; RGA life reinsurance transaction expected to close mid-2025.

The filing

CompanyEquitable (EQH)
Form8-K, current report
Filed with the SECApr 29, 2025, 4:13 PM ET
Accession number0001333986-25-000015

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.