Equitable Says Merger With Corebridge Financial Remains On Track To Close By Year-End 2026
Benzinga Newsdesk 9 hours ago
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Positive organic growth across all businesses with net inflows of $1.1 billion in Retirement; $2.7 billion in Wealth Management and $6.6 billion in Asset ManagementNet income of $1.1 billion, or $4.05 per shareNon-GAAP
- Positive organic growth across all businesses with net inflows of $1.1 billion in Retirement; $2.7 billion in Wealth Management and $6.6 billion in Asset Management
- Net income of $1.1 billion, or $4.05 per share
- Non-GAAP operating earnings1 of $595 million, or $2.13 per share; Adjusting for notable items2, Non-GAAP operating earnings of $554 million, or $1.98 per share
- Returned $320 million to shareholders in the quarter; on track to deliver on 60-70% payout ratio target for 2026
- Merger with Corebridge Financial remains on track to close by year-end 2026