Equitable Holdings, Inc. Company Profile

Background

Equitable Holdings, Inc., established in 1859 by Henry Baldwin Hyde, is a prominent American financial services and insurance company. The company's mission is to assist clients in securing their financial well-being, enabling them to pursue long and fulfilling lives. Equitable operates through two principal franchises: Equitable and AllianceBernstein. Equitable offers a range of financial products and services, including life insurance, annuities, and retirement planning, while AllianceBernstein provides diversified investment management and research services globally.

Key Strategic Focus

Equitable's strategic focus encompasses several core objectives:

• Retirement Solutions: Providing a comprehensive portfolio of variable annuity products tailored to affluent and high-net-worth individuals.

• Asset Management: Delivering active investment management services with a global distribution footprint and expanding capabilities in alternative investments.

• Wealth Management: Offering discretionary and non-discretionary investment advisory accounts, financial planning, and advisory services.

• Protection Solutions: Supplying life insurance products, including Variable Universal Life (VUL) and Indexed Universal Life (IUL) insurance, as well as employee benefits such as dental, vision, life, and disability insurance.

These services are distributed through a network of financial professionals registered with associated broker-dealers, targeting individual clients, families, small and medium-sized businesses, and institutional investors.

Financials and Funding

As of December 31, 2023, Equitable Holdings reported:

• Revenue: $10.53 billion

• Net Income: $1.23 billion

• Assets Under Management (AUM): $792 billion

• Total Assets: $296 billion

• Equity: $1.59 billion

The company aims to achieve $2 billion in annual cash generation by 2027, with a targeted payout ratio of 60-70% of non-GAAP operating earnings and an expected non-GAAP operating EPS compound annual growth rate (CAGR) of 12-15% through 2027.

Technological Platform and Innovation

Equitable leverages a modern technological infrastructure to enhance operational efficiency and customer experience. The company's tech stack includes:

• Docker: For containerization and efficient deployment of applications.

• Ceridian: For enterprise resource planning and human capital management.

• Atlassian Jira: For issue tracking and project management.

• Cloudflare: For content delivery and security services.

• IBM Lotus Notes: For enterprise collaboration and communication.

• ForgeRock: For identity and access management solutions.

This technological integration underscores Equitable's commitment to innovation and operational excellence.

Leadership Team

Equitable's leadership team comprises experienced professionals dedicated to guiding the company's strategic direction:

• Mark Pearson: President, Chief Executive Officer, and Director.

• Robin M. Raju: Senior Executive Vice President and Chief Financial Officer.

• Jeffrey J. Hurd, J.D.: Senior Executive Vice President and Chief Operating Officer.

• Nicholas Burritt Lane: President of Equitable; Senior Executive Vice President; Head of Retirement, Wealth Management & Protection Solutions.

• Seth Perry Bernstein: President and Chief Executive Officer of AllianceBernstein Corporation.

• William James Eckert IV: Senior Vice President, Chief Accounting Officer, and Controller.

• José Ramón González, Esq.: Senior Executive Vice President, Chief Legal Officer, and Corporate Secretary.

• Constance K. Weaver: Chief Marketing Officer.

• Yun Zhang: Chief Risk Officer.

This team brings a wealth of experience in financial services, legal affairs, marketing, and risk management, positioning Equitable for sustained growth and innovation.

Competitor Profile

Market Insights and Dynamics:

The financial services industry is characterized by robust competition, with companies striving to offer comprehensive solutions in insurance, asset management, and wealth management. Equitable operates in a market with significant growth potential, driven by increasing demand for retirement planning and investment services.

Competitor Analysis:

Key competitors include:

• Lincoln Financial Group: Offers a range of financial products and services, including life insurance, annuities, and retirement planning.

• Brighthouse Financial Inc.: Specializes in life insurance and annuity products.

• Guardian Life: Provides life insurance, disability income insurance, and employee benefits.

• MassMutual: Offers a variety of financial products, including life insurance, retirement plans, and investment services.

These competitors focus on similar product offerings and target markets, contributing to a dynamic and competitive landscape.

Strategic Collaborations and Partnerships

Equitable has engaged in strategic partnerships to enhance its product offerings and market reach:

• Reinsurance Agreement with RGA: In February 2025, Equitable entered into a reinsurance agreement with Reinsurance Group of America (RGA) to cover a diverse portfolio of life insurance.