Equitable Holdings, Inc. (EQH) Earnings Call Transcripts

Equitable Holdings, Inc.'s Latest Earnings Call - March 26, 2026

Corebridge Financial, Inc. (EQH:US) announced a transformational all-stock merger with Equitable Holdings during its earnings call on March 26, 2026. This merger is expected to create a diversified financial services powerhouse with over $1.5 trillion in assets under management and administration. Management highlighted that the merger will be immediately accretive to earnings per share and cash generation, with expectations of over $4 billion in annual cash flow and $500 million in identified synergies by the end of 2028. No specific revenue or earnings figures for the quarter were disclosed, but the strategic benefits of the merger are anticipated to drive significant shareholder value going forward.

Reported metrics

Guidance from management

Management expects the merger to close by the end of 2026, with significant synergies and cash flow generation driving double-digit accretion to earnings per share by the end of 2028.

What management said

Alex, it's Mark Pearson. So thanks for the question. I think we've long admired each other. We, on the equitable side, we know Corebridge to be extremely well-run professional organization. And as Marc said, we've been working together this last few weeks just to have a look at the deal. And we're very excited by bringing these 3 great franchises together Corebridge Equitable and AllianceBernstein to create a really ...

Thanks very much, Joel. Obviously, for both companies, what we had very clear organic growth plans. And the key issue here, as Robin has highlighted, is that -- this is in shareholders' long-term interest to enter into this merger. I think as we mentioned on the call, the scale and distribution benefits that will bring will lead to faster growth and more resilient earnings than either entity can do on their own. And ...

What analysts pressed on

Analysts expressed concerns regarding potential overlaps in distribution and the implications for revenue synergies. There were also questions about the impact of the merger on existing partnerships, particularly with Blackstone, and how the combined entity would manage its capital structure moving forward.

Main topics on the call

• Merger Announcement — Corebridge and Equitable announced a merger that will create a leading integrated financial services company. Management stated, "This merger will leverage both companies' complementary strengths to enhance what we can d...
• Expected Synergies — The merger is projected to generate over $500 million in annual pretax expense synergies by the end of 2028. Management noted, "We have high confidence in being able to achieve this number," indicating strong operational...
• Cash Flow Generation — The combined company is expected to generate over $4 billion in cash flow annually, providing significant capital flexibility. Management emphasized, "This will enable us to invest for growth while also delivering consis...
• Distribution Strength — The merger will enhance distribution capabilities with approximately 5,000 financial advisers across both firms. Management stated, "The breadth of our distribution network provides a significant competitive advantage, e...

Read the full Equitable Holdings, Inc. transcript (March 26, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 50 Equitable Holdings, Inc. earnings call transcripts on record, spanning February 27, 2020 to August 5, 2026. Based on this history, Equitable Holdings, Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EQH

Exchange

NYSE

Country

US

Sector

Financials

Industry

Financial Services

Calls on record

50

First call

February 27, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly