Equitable Adds First Bitcoin-Linked Option to Registered Index-Linked Annuity

Product / TechDigital FinanceEarnings
โดย Insider Monkey·US·Read original
Summary · why it matters

Equitable Holdings added the industry's first bitcoin-linked investment option to a registered index-linked annuity on September 2, tracking the iShares Bitcoin Trust ETF through a new SCS Premier option. The bitcoin option offers one-year segments with buffers of 10%, 15%, 20% and 40%, and allocations are generally capped at 25% of contract value, giving clients defined protection rather than open-ended exposure. The same update added Optimal Mix Segments, which spread money across multiple indices and weight the best performers at maturity, plus Dual Direction Downside Advantage segments that can turn a decline within the buffer into a gain worth twice the size of that drop. The launch sits on top of a business that is already growing: in the second quarter of 2026, Equitable posted net inflows of $1.7 billion in Retirement, $2.0 billion in Wealth Management and $0.8 billion in Asset Management, pushing total assets under management and administration to a record $1.2 trillion, up 10% from a year earlier, while returning $449 million to shareholders and staying on track for a 60% to 70% payout ratio in 2026. The headline growth hides a rockier bottom line, with a GAAP net loss of $453 million, or $1.68 per share, for the second quarter of 2026 even as non-GAAP operating earnings came in positive at $488 million, and book value per common share of negative $6.79 once accumulated other comprehensive income is included. The pending merger with Corebridge Financial, approved by shareholders on July 30, still needs regulatory sign-off before it can close, leaving the promised earnings boost of more than 10% to earnings per share on a run-rate basis by year-end 2028 dependent on approvals still to come.

Impact on stocks 2

Financials▲ · 1 stocks
Axa Equitable Holdings Inc
EQH
▲ PositiveTechnologyCapitalrelevance

Equitable launched the industry's first bitcoin-linked registered index-linked annuity option, a new product development.

Aging Population▲ · 1 stocks
Corebridge Financial Inc.
CRBG
± MixedCapitalrelevance

Pending merger with Equitable approved by shareholders but still needs regulatory sign-off before closing.

Theme Impact 1

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