Axa Equitable Holdings IncRecord AUMA and 24% EPS growth, with strong inflows and shareholder returns.
Equitable Holdings reported second-quarter 2026 non-GAAP operating earnings of $1.75 per share, a 24% year-over-year increase, while assets under management and administration reached a record $1.2 trillion, up 10% from a year ago. The company posted a net loss of $453 million driven by noneconomic hedge portfolio impacts from strong equity markets, and returned $449 million to shareholders including $366 million in share repurchases. Retirement net inflows were $1.7 billion, wealth management advisory inflows hit $2 billion, and AllianceBernstein returned to positive net inflows of $0.8 billion with private markets AUM reaching $91 billion. Equitable also announced the sale of its Employee Benefits business to The Hartford and remains on track to close its merger with Corebridge by year-end 2026, a deal expected to be at least 10% accretive to earnings and cash flow per share by 2028.
Axa Equitable Holdings IncRecord AUMA and 24% EPS growth, with strong inflows and shareholder returns.
AllianceBernstein Holding L.P. AllianceBernstein returned to positive net inflows and private markets AUM reached $91 billion, boosting earnings.
Hartford Financial Services GroupAcquiring Equitable's Employee Benefits business, expanding its portfolio.
Corebridge Financial Inc.Merger with Equitable on track, expected to be at least 10% accretive to earnings and cash flow by 2028.