Equitable (EQH) Q2 EPS Drops 23%
Equitable (NYSE:EQH), a diversified provider of insurance, retirement, asset management, and financial planning services, reported its Q2 2025 earnings on August 5, 2025. The headline news from the release was a mixed performance: adjusted non-GAAP earnings per share (EPS) for Q2 2025 exceeded analyst expectations at $1.41 versus the $1.28 estimate, while actual reported revenue (non-GAAP operating earnings) fell short of consensus by a significant margin. Compared to Q2 2024, both reported revenue and EPS declined sharply, with reported revenue declining by nearly one-third year-over-year and non-GAAP EPS dropping 23% year-over-year. The completion of a major life reinsurance deal with RGA on July 31, 2025, marked a strategic milestone, significantly reducing risk from mortality volatility and bolstering Equitable’s capital flexibility. The quarter reflected continued strength in retirement and wealth management, offset by asset management outflows and Protection Solutions volatility.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Equitable operates across three main business lines: retirement, asset management, and affiliated distribution. The company is organized into six segments including Individual Retirement, Group Retirement, asset Management, Protection Solutions, Wealth Management, and Legacy blocks. This structure helps spread risk and capture earnings opportunities across a range of financial services.
Source Fool.com
