Equitable Holdings, Inc. · NYSE:EQH
Equitable — Merger or Acquisition (May 2026)
7 slides from Equitable's merger presentation, May 5, 2026
Slide 1: First quarter 2026 highlights
First quarter 2026 highlights Building EPS growth momentum Strong organic growth in Retirement and Wealth Management Retirement net inflows of $1.3bn driven by continued growth in RILA sales, up 14% YoY Wealth Management advisory net inflows of $2.0bn, supported by advisory productivity up 11% YoY A
Slide 2: Key strategic convictions – what we need to win long term
Key strategic convictions – what we need to win long term Deliver long-term stability in growth and returns through a diversified business model and disciplined risk management Capture meaningful flywheel benefits from owning insurance, asset management, and wealth management businesses Provide simp
Slide 3: Clear strategy to drive growth and shareholder value
Clear strategy to drive growth and shareholder value AllianceBernsteinlogo AIG Completes Deconsolidation of ... Capitalize on Scale Advantages. Increased cash flow. Top-quartile expense ratio to support higher profitability. Combine resources to boost return on investment. Ability to attract & retai
Slide 4: Merger accelerates growth for Equitable's existing businesses
Merger accelerates growth for Equitable’s existing businesses Creates more balanced business mix with ability to deploy capital to maximize growth and returns Increases AUM by >10% and provides higher level of ongoing net flows from insurance Increases AUA by c.15% and accelerates path to building s
Slide 5: Merger will drive attractive financial outcomes
Merger will drive attractive financial outcomes Underwriting margin Spread income Fee income Diversifies sources of income Pro-forma for FY’25 Improves profitability 10%+ EPS and cash generation accretion2,3 15%+ Adj. return on equity, pro-forma 2027E4 Creates a robust balance sheet $30bn+ Adj. book
Slide 6: Explanation of footnotes
Explanation of footnotes Page 4 1Non-GAAP Operating Earnings equals our consolidated after-tax net income attributable to Holdings adjusted to eliminate the impact of certain items; Please see detailed Non-GAAP reconciliation in Appendix 2Non-GAAP Operating Earnings adjusted for Notable Items; Pleas
Slide 7: Equitable and Corebridge have complementary strengths
Equitable and Corebridge have complementary strengths Individual Retirement Group FIA / FA Products Pro Forma RILA / VA Term / UL Institutional Asset Management Wealth Management Life Variable UL 403(b) / 457 PRT / GICs / Structured Settlements 1Annuity rankings based on LIMRA data as of 12/31/2025
Equitable Holdings — Merger or Acquisition (May 2026) on 6ix