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Paycom recognized across multiple HR and payroll categories based on verified customer reviews

OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (NYSE: PAYC) (“Paycom”), a leading provider of comprehensive, cloud-based human capital management software, earned the 2026 Top Rated Award from TrustRadius, a buyer intelligence platform for business technology. The recognition marks the second consecutive year Paycom has earned the Top Rated distinction.

Paycom earned the 2026 Top Rated Award from TrustRadius, a buyer intelligence platform for business technology. The award reflects strong client satisfaction across multiple HR and payroll categories.

Share “When recognition comes directly from the people who use our software every day, it carries significant weight,” said Shane Hadlock, president and chief client officer at Paycom. “Our consistently strong client feedback tells the story of how Paycom simplifies HR and payroll through a single, automated solution.”

The award reflects strong client satisfaction across multiple HR and payroll categories, including applicant tracking, background check, benefits administration, compensation management, corporate learning management, employee scheduling, HR management, payroll and talent management.

TrustRadius reviewers consistently cite Paycom’s single-database architecture, automated payroll experience and dedicated service teams as highlights. One verified reviewer, a director of human resources, wrote: “I have implemented many platforms over my 20+ years in HR, and Paycom stands out as my preferred strategic partner. The differentiator for Paycom is the support. Having a dedicated client relations rep and sales rep are wonderful, but it is more than that. In six years, we have never had a bad experience with customer support.”

Paycom also holds a 2026 Buyer’s Choice Award from TrustRadius, which recognizes products whose reviewers rated them highest for capabilities, value for price and customer relationship.

“Consistent customer praise is harder to earn than any analyst ranking, and that’s exactly what the Top Rated Award measures,” said Rajat Bhatnagar, senior vice president of business operations at HG Insights. “What stands out in [Paycom] reviews are the time savings from payroll automation, account specialists who stay responsive well after go-live and fewer of the manual workarounds HR teams usually just accept.”

Learn more about Paycom’s award-winning software and see what clients are saying on TrustRadius.

About Paycom

Paycom Software, Inc. (NYSE: PAYC) is a cloud-based human capital management software provider that allows organizations of all sizes across the U.S. and internationally to set numerous HR and payroll tasks to “automatic” through employee-first technology. Built on a truly single database, Paycom’s full-solution automation manages the entire employment life cycle, helping organizations streamline processes and improve data accuracy. With its industry-first AI engine, IWant™, Paycom provides instant access to accurate employee data without requiring users to navigate or learn the software. For over 25 years, Paycom has been repeatedly recognized by third‑party reviewers as a leading payroll and HCM solution.

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SAN JOSÉ, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI) today announced that on April 15, 2026 (the Grant Date), it granted a total of 89 restricted stock units (RSUs) to one new employee who began employment with Power Integrations in April 2026. This inducement grant was granted pursuant to Power Integrations' Amended and Restated 2025 Inducement Award Plan. One-fourth (1/4th) of the RSUs will vest on each of the first four anniversaries of the Grant Date, subject to the recipien.

Posted by Defense World Staff on Apr 27th, 2026

Evergreen Capital Management LLC bought a new position in shares of Power Integrations, Inc. (NASDAQ:POWI – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 12,828 shares of the semiconductor company’s stock, valued at approximately $456,000.

Several other institutional investors and hedge funds also recently made changes to their positions in POWI. Geneos Wealth Management Inc. increased its position in shares of Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 536 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Power Integrations by 77.6% during the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 371 shares during the period. Osaic Holdings Inc. raised its position in shares of Power Integrations by 76.2% during the second quarter. Osaic Holdings Inc. now owns 1,721 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 744 shares during the period. Huntington National Bank lifted its holdings in shares of Power Integrations by 42.6% during the 3rd quarter. Huntington National Bank now owns 1,871 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 559 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its holdings in shares of Power Integrations by 98.0% during the 4th quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 989 shares in the last quarter.

Analyst Ratings Changes A number of research firms recently issued reports on POWI. Susquehanna increased their target price on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research note on Monday, April 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Stifel Nicolaus increased their target price on Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Finally, Benchmark increased their target price on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Power Integrations currently has an average rating of “Hold” and an average price target of $56.50.

Check Out Our Latest Analysis on Power Integrations

Power Integrations Price Performance NASDAQ:POWI opened at $73.54 on Monday. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $76.22. The business has a 50 day moving average price of $51.39 and a two-hundred day moving average price of $43.93. The company has a market cap of $4.10 billion, a P/E ratio of 188.57, a price-to-earnings-growth ratio of 5.58 and a beta of 1.30.

Power Integrations (NASDAQ:POWI – Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The firm had revenue of $103.20 million during the quarter, compared to the consensus estimate of $103.02 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s revenue was down 1.9% on a year-over-year basis. As a group, analysts anticipate that Power Integrations, Inc. will post 0.64 earnings per share for the current fiscal year.

Power Integrations Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were paid a dividend of $0.215 per share. The ex-dividend date was Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s dividend payout ratio (DPR) is currently 220.51%.

Insider Buying and Selling at Power Integrations In other news, CEO Jennifer A. Lloyd sold 3,322 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $46.57, for a total transaction of $154,705.54. Following the completion of the transaction, the chief executive officer directly owned 76,307 shares in the company, valued at $3,553,616.99. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sunil Gupta sold 2,168 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $45.58, for a total transaction of $98,817.44. Following the transaction, the vice president owned 95,766 shares of the company’s stock, valued at approximately $4,365,014.28. This represents a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 41,831 shares of company stock valued at $1,936,896. Corporate insiders own 1.40% of the company’s stock.

Power Integrations Profile (Free Report)

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.

Further Reading Five stocks we like better than Power Integrations

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Further strengthens leadership team with addition of former onsemi, Infineon executive

SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced the appointment of Michael Balow as Senior Vice President, Worldwide Sales, effective immediately. He joins the company’s executive management team with responsibility for leading the company's global sales organization, channel strategy and growth initiatives.

Mr. Balow brings more than three decades of semiconductor sales and business development experience, most recently serving as executive vice president of sales at onsemi, leading a large global sales organization across the automotive, industrial, sensing and power solutions markets. Previously, he served as executive vice president of sales at Infineon Technologies after holding a similar position at Cypress Semiconductor, which was acquired by Infineon in 2020. His prior industry experience includes roles at Freescale Semiconductor and Integrated Device Technology (IDT). Mr. Balow holds a Bachelor of Science in applied mathematics from the University of Wisconsin-Stout.

Jen Lloyd, president and CEO of Power Integrations, said: "Mike brings an outstanding record of building high-performance sales organizations, along with deep knowledge of power semiconductors. He will be instrumental in strengthening our relationships with customers while accelerating our penetration of high-growth markets like data center, automotive and industrial. We are thrilled to welcome Mike to our executive leadership team."

About Power Integrations

Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information, please visit www.power.com.

Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are property of their respective owners.

More News From Power Integrations, Inc.

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SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations announced financial results for the first quarter of 2026.

Power Integrations NASDAQ: POWI reported first-quarter revenue of $108.3 million, up 3% from a year earlier and 5% sequentially, as growth in industrial markets offset weaker year-over-year consumer sales tied to last year's appliance-related inventory pull-ins.

SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI) today announced that on May 15, 2026 (the Grant Date), it granted 32,768 restricted stock units (RSUs), 3,245 performance stock units (PSUs) and 21,845 long term performance stock units (PRSUs) at target to Michael Balow, who began employment as Senior Vice President, Worldwide Sales in May 2026. In addition, on the Grant Date, the company granted a total of 8,931 RSUs and 1,254 PSUs at target to several new employees who bega.

COMPUTEX –[url="]Power Integrations[/url] (NASDAQ: [url="]POWI[/url]), the leader in high-voltage integrated circuits for energy-efficient power conversion,

Power Integrations, Inc. (POWI) Shareholder/Analyst Call Prepared Remarks Transcript

Automobiles are increasingly using sophisticated technology suppliers to make their vehicles more energy efficient and safer. Investors are currently weighing the merits of Cognex Corp. (CGNX +1.87%) and Power Integrations (POWI +2.31%).

Cognex specializes in the sophisticated software and hardware that allow machines to see, while Power Integrations focuses on the chips that manage power conversion. Both serve critical roles in modern industry, but their financial profiles and market risks offer distinct paths for your capital.

The case for Cognex Corp.Cognex is a global leader in machine vision technology, providing sensors and software that automate manufacturing tasks. The company occupies a prominent position among tech stocks due to its specialized focus on machine vision. Its systems are used to inspect, identify, and guide products in the logistics, automotive, and electronics industries.

During FY 2025, the company reported revenue of nearly $994.4 million, representing approximately 8.7% growth from the previous year. Net income reached close to $114.4 million, resulting in a net margin of roughly 11.5%. This performance reflects a steady recovery in industrial demand and the ongoing adoption of automated inspection tools across international markets.

As of its December 2025 balance sheet, the company maintains a debt-to-equity ratio of approximately 0.1x. This ratio, which compares total debt to shareholder equity, suggests the company uses very little borrowed money. The current ratio is roughly 3.8x, which measures its ability to pay short-term obligations using assets expected to be converted to cash within one year. Free cash flow for the year was close to $236.8 million, a figure calculated by subtracting capital expenditures from operating cash flow.

The case for Power IntegrationsPower Integrations designs and sells high-voltage analog integrated circuits used in power conversion. These products are vital for energy efficiency in everything from mobile phone chargers to industrial motors. You should note that the company relies on a concentrated customer base, with its top ten customers accounting for roughly 80% of revenue in FY 2025, which adds a layer of risk to the business.

In FY 2025, the company generated revenue of approximately $443.5 million, which was an increase of nearly 5.9% year over year. Net income for the period was approximately $22.1 million, resulting in a net margin of roughly 5.0%. While revenue grew, the net margin was lower than in previous years as the company navigated shifts in the broader semiconductor market.

According to its December 2025 balance sheet, the company carried no debt. The current ratio stands at approximately 6.5x, indicating a very high level of short-term liquidity. Free cash flow reached nearly $87.1 million for the year. Note that stock-based compensation accounted for roughly 35.6% of operating cash flow, thereby inflating reported cash generation, since SBC is a non-cash expense added back in the cash flow statement.

Risk profile comparisonCognex faces significant risks from technological obsolescence, especially if it fails to integrate artificial intelligence into its vision systems faster than rivals. The company also faces intense competition from large tech firms and niche providers that could exert pricing pressure. Furthermore, with about 67% of its revenue coming from outside the United States, it is highly sensitive to international trade tensions and supply chain disruptions in Southeast Asia.

Power Integrations is subject to the semiconductor industry’s highly cyclical nature, in which demand can drop sharply across end markets. The company faces stiff competition from established peers and emerging Chinese vendors, which could erode its market share. Additionally, it relies heavily on third-party foundries such as Epson, Lapis, and X-FAB Silicon Foundries for manufacturing, meaning any disruption at these sites would directly impact its ability to fulfill orders.

Valuation comparisonCognex currently trades at a lower multiple of future earnings estimates, while Power Integrations offers a slightly lower valuation relative to annual sales.

MetricCognexPower IntegrationsSector BenchmarkForward P/E33.9x56.5x32.2xP/S ratio9.5x9.4xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

Both Cognex and Power Integrations are companies selling cutting-edge products to the automotive and industrial sectors. They are both benefiting from the shift by automakers to make cars’ internal systems more energy-efficient and to provide better safety features.

Each company also has sizeable markets outside autos. Much of Cognex’s customer base is in industrial and packaging ventures that use its machine vision products to monitor production lines for quality control and other purposes. Power Integrations, meanwhile, can sell the same highly efficient gallium nitride (GaN) chips it uses in EVs and other vehicles to the semiconductor and renewable energy industries, which also have needs for very heat-tolerant chipsets.

Cognex Corp. gets the nod here, primarily for its lower forward price-to-earnings ratio of 33.9, which is only a slight premium to the sector. Power Integrations is an interesting company to watch, but for 2026, Cognex promises more top-line and bottom-line growth. Management expects 2026 revenue to rise 12% to about $1.1 billion, with net income more than doubling to $240 million, driven by strength across its customer base.

B. Metzler seel. Sohn and Co. AG cut its stake in Pool Corporation (NASDAQ: POOL) by 43.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,712 shares of the specialty retailer's stock after selling 2,882 shares during

PNR tops Q1 estimates with margin expansion and updates full-year outlook despite mixed demand and higher spending pressures.

May 04, 2026 16:30 ET  | Source: Pool Corporation

John B. Watwood appointed as President and CEO 
Peter D. Arvan to step down as President, CEO and Director
John E. Stokely appointed as Executive Chair

COVINGTON, La., May 04, 2026 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq: POOL) (the “Company” or “POOLCORP”) announced today that its Board of Directors has appointed John B. Watwood as President and Chief Executive Officer, effective May 4, 2026. Peter D. Arvan will step down as President and Chief Executive Officer and as a member of the Company’s Board of Directors (the “Board”) on the same date. John E. Stokely, Chair of the Board, has also been appointed as Executive Chair.

Mr. Watwood is a seasoned operational leader with more than two decades of experience in industrial and specialty distribution, bringing strategic, operational, and sales expertise to POOLCORP. He joined the Company as Executive Vice President in January 2026. Prior to his transition to POOLCORP, Mr. Watwood most recently served as Senior Vice President of Sales and Operations at Motion Industries, a subsidiary of publicly traded Genuine Parts Company (NYSE: GPC), and a leading distributor of industrial parts and value-added solutions, where he led growth and operational performance and strengthened customer relationships across the business. Earlier in his career, he held positions at SMC Corporation of America and Applied Industrial Technologies.

“As POOLCORP continues to execute its strategic priorities, the Board believes now is the right time for this leadership transition,” said Mr. Stokely. “Through our ongoing succession planning, the Board determined that Mr. Watwood has the right set of leadership, operational, and strategic skills and experience to lead the Company into its next phase of growth. During his tenure at POOLCORP, John quickly earned the respect of the entire organization and the Board. I am pleased to announce his appointment and look forward to continuing to work closely with him to ensure that POOLCORP delivers on our mission.”

Mr. Stokely continued, “On behalf of the Board, I want to thank Pete for his tireless efforts over the last nine years, and we wish him continued success. Through a steadfast commitment to innovation and operational excellence, strengthened during Pete’s tenure, the Company is well positioned for long-term value creation.”

Mr. Watwood said, “I am honored to have the opportunity to lead this exceptional company and appreciate the Board’s trust and support. My priority will be building upon the strong foundation already in place to continue as the best worldwide distributor of outdoor lifestyle products. I am excited to continue working with the talented POOLCORP team as we execute our strategy and continue delivering the exceptional value and service that have long defined POOLCORP.”

“With all of our success, the greatest accomplishment has been the team we have amassed, from our leadership to our distribution network and every person in between. We have been, and will continue to be, recognized for our operational excellence and our culture of customer service that is executed with pride and passion. I value the relationships I formed with our employees, suppliers, investors, and customers. I have every confidence that POOLCORP will continue to grow, be better, and stronger, as I continue to cheer this team on from the sidelines,” commented Mr. Arvan. 

Mr. Stokely has served on the Board since 2000, as Lead Independent Director since 2003, and as Chair of the Board since 2017. He will now serve as Executive Chair. Mr. Stokely, along with the full Board, will work closely with Mr. Watwood and POOLCORP’s leadership to continue advancing the Company’s strategic priorities and delivering long-term shareholder returns.

Full-Year 2026 Guidance

The Company continues to expect its full-year 2026 results to fall within the range provided in its first quarter earnings release issued on April 23, 2026.

Previously Announced 2026 Investor Day

POOLCORP is postponing its Investor Day, previously scheduled for May 12, 2026, in Phoenix, Arizona. A new date will be announced as soon as it is confirmed, and registered attendees will receive direct notification.

About Pool Corporation

POOLCORP is the world’s largest wholesale distributor of swimming pool and related backyard products. POOLCORP operates approximately 455 sales centers in North America, Europe and Australia, through which it distributes more than 200,000 products to roughly 125,000 wholesale customers. For more information about POOLCORP, please visit www.poolcorp.com.

Forward-Looking Statements

This news release may include “forward-looking” statements that involve risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date of this release, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. Actual results may differ materially due to a variety of factors, including the sensitivity of our business to weather conditions; changes in economic conditions, consumer discretionary spending, the housing market, inflation or interest rates and other risks detailed in POOLCORP’s 2025 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports and filings with the Securities and Exchange Commission (SEC) as updated by POOLCORP's subsequent filings with the SEC.

CONTACT:

Kristin S. Byars
Director, Investor Relations and Finance
985.801.5153
[email protected]

Pool Corporation suddenly announced a change in CEO. The change in leadership came as a surprise, and without a clear reason. POOL's financial performance has finally started to stabilize, even though the macroeconomic backdrop remains poor. I estimate POOL stock to have a fair value of $210.4.

Argenx SE – ADR (NASDAQ:ARGX) shares are up during Monday's session as the company celebrates a recent FDA approval for its drug, VYVGART, which adult patients with generalized myasthenia gravis can use.

On May 18, 2026, Pool Corp (POOL) shares rose 3.4% to a current price of $181.39. Over the past year, the stock has experienced significant volatility, with a 5

Manchester United plc secures Champions League qualification, driving FY27 revenue and EBITDA projections notably higher. Operational efficiency and workforce reduction plans have materially improved margins, with Q3 Adj. EBITDA margin rising to 44.7%. Sporting bonuses, UCL participation, and reversal of the Adidas clause are expected to add $136M–$163M to FY27 revenues.

Toronto, Ontario--(Newsfile Corp. - June 5, 2026) - Pool Safe Inc. (TSXV: POOL) ("Pool Safe" or the "Company") announces that it has granted 440,000 restricted share units (each, an "RSU"), representing the right to receive up to an aggregate of 440,000 common shares in the capital of the Company (each, a "Common Share"). The RSUs vest one year from the date of grant and expire three years from the date of grant. The RSUs and any Common Shares issued upon settlement thereof will be subject to a statutory hold period of four months and one day from the date of grant in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The grant of the RSUs remains subject to the acceptance of the TSX Venture Exchange.

The original RSUs expired in accordance with their terms during a corporate blackout period of the Company. The board of directors subsequently approved the grant of an equivalent number of replacement RSUs to the original holders.

About Pool Safe Inc.

Pool Safe Inc. designs, develops and distributes a product known as LounGenie, which functions as a multipurpose personal poolside attendant. LounGenie by Pool Safe Inc. is designed to provide safety, convenience, and peace of mind for hotels, resorts, waterparks, and cruise ship guests. Conveniently located alongside pool or beach lounge chairs, the LounGenie is a unique way of providing vacationers with a comforting sense of security for their belongings, while offering the vendor opportunities to increase F&B sales, expedite customer service and drive revenue. For more information, please visit loungenie.com or poolsafeinc.com.

Pool Safe Inc. is a fully reporting publicly traded company which is listed on the TSX Venture Exchange under the symbol "POOL".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300390

Source: Pool Safe Inc.

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Stock futures are rising this morning after a tech-fueled sell-off on Friday sent the S&P 500 and Nasdaq to their worst weekly performances in more than a year; oil prices are volatile as investors monitor developments in the Middle East; Oracle and Adobe lead a busy week of earnings reports that will also include the release of inflation data and the potential IPO of SpaceX; Marvell shares are surging following the announcement that the AI chip designer will join the S&P 500; and Apple's annual developers conference kicks off this afternoon. Here's what you need to know today.

Posted by Defense World Staff on Apr 13th, 2026

Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) CEO Mark Pearson sold 38,313 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $40.05, for a total transaction of $1,534,435.65. Following the completion of the sale, the chief executive officer directly owned 801,683 shares in the company, valued at $32,107,404.15. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Pearson also recently made the following trade(s):

On Tuesday, January 20th, Mark Pearson sold 39,700 shares of Equitable stock. The stock was sold at an average price of $46.20, for a total transaction of $1,834,140.00. Equitable Stock Performance Shares of Equitable stock opened at $37.50 on Monday. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of -7.78, a PEG ratio of 0.35 and a beta of 1.11. The firm’s 50-day moving average is $40.42 and its 200 day moving average is $45.02. Equitable Holdings, Inc. has a 1 year low of $35.19 and a 1 year high of $56.61. The company has a debt-to-equity ratio of 16.42, a current ratio of 0.13 and a quick ratio of 0.13.

Equitable Announces Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.08 annualized dividend and a yield of 2.9%. Equitable’s dividend payout ratio is currently -22.41%.

Equitable declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 11th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Equitable News Roundup Here are the key news stories impacting Equitable this week:

Positive Sentiment: Board-approved $1.0 billion share buyback (up to ~7.7% of shares) provides balance‑sheet support and buyback-driven EPS/capital return optionality. MarketBeat EQH Company Page Positive Sentiment: Quarterly dividend of $0.27 (annualized $1.08, ~2.8% yield) remains in place, offering income support for shareholders. MarketBeat Dividend Report Positive Sentiment: Despite recent trims, the analyst consensus remains largely positive (many Buy/Outperform ratings and a consensus target near the mid‑$50s), implying continued upside from current levels. MarketBeat Analyst Coverage Neutral Sentiment: UBS cut its price target from $66 to $58 but kept a “buy” rating — the target still implies sizable upside vs. the current price. UBS PT Lowered to $58 (AmericanBankingNews) Neutral Sentiment: Wells Fargo trimmed its target to $56 and Keefe, Bruyette & Woods lowered theirs to $51, yet both maintain overweight/outperform stances — these trims reduce upside expectations slightly but are not full downgrades. Benzinga: Wells Fargo & KBW Coverage TickerReport: KBW PT Lowered Negative Sentiment: Insider selling: CEO/COO-level insiders (Nick Lane and Jeffrey Hurd) sold shares under pre-arranged 10b5‑1 plans (combined disclosed sales on/around April 8), which can sap near‑term sentiment despite being pre-planned. InsiderTrades: EQH Insider Sales Analyst Upgrades and Downgrades Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Equitable from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Mizuho set a $65.00 target price on shares of Equitable in a report on Wednesday, January 14th. Weiss Ratings lowered shares of Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. The Goldman Sachs Group set a $60.00 target price on shares of Equitable in a report on Monday, January 5th. Finally, UBS Group reduced their target price on shares of Equitable from $66.00 to $58.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.73.

View Our Latest Stock Report on Equitable

Institutional Investors Weigh In On Equitable A number of institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its holdings in Equitable by 15.3% during the 4th quarter. Pacer Advisors Inc. now owns 46,021 shares of the company’s stock valued at $2,193,000 after buying an additional 6,123 shares in the last quarter. Smith Asset Management Co. LLC grew its holdings in Equitable by 14.0% during the 4th quarter. Smith Asset Management Co. LLC now owns 82,004 shares of the company’s stock valued at $3,907,000 after buying an additional 10,055 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Equitable by 4.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 111,134 shares of the company’s stock valued at $5,296,000 after acquiring an additional 5,166 shares during the last quarter. Vident Advisory LLC boosted its position in shares of Equitable by 16.0% during the 4th quarter. Vident Advisory LLC now owns 120,655 shares of the company’s stock valued at $5,749,000 after acquiring an additional 16,655 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in shares of Equitable by 2.9% during the 4th quarter. XTX Topco Ltd now owns 22,247 shares of the company’s stock valued at $1,060,000 after acquiring an additional 631 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

About Equitable (Get Free Report)

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.

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Pre-Market Stock Futures: The futures are trading modestly higher after a wild Wednesday that saw the Nasdaq explode higher to close at an all-time high of 24,016, up a hefty 1.60%, while the S&P 500 closed up 0.80% at 7,022, also hitting a brand-new all-time closing high. The small-cap Russell 2000, the leading index this year, finished the day at 2,713, up 0.30%, while the Dow Jones Industrial Average was the only loser, closing at 48,463, down 0.15%. Analysts cited more solid news on the war and positive earnings results from the mega-cap money-center banks and brokerage firms.

Treasury Bonds: The sellers showed up on Wednesday as yields rose across the Treasury curve, and this was no surprise after the big rally in U.S. sovereign debt on Tuesday. With the prospect of interest rate cuts falling, Treasury Secretary Scott Bessent said that while he remains constructive on rate cuts in 2026, they may need to be moved out to later in the year. The 30-year-long bond closed Wednesday at 4.89%, while the benchmark 10-year note was last seen at 4.28%.

Oil and Gas: After some heavy selling across the energy complex on Tuesday, the major benchmarks finished modestly higher on Wednesday. Brent Crude closed at $94.94, up 0.16%, while West Texas Intermediate closed virtually unchanged at $91.29. Natural gas closed the session at $2.61, up 0.41% 

Gold: After a big day on Tuesday for the precious metals, like oil and energy stocks, the sellers emerged on Wednesday, and prices for the top metals both closed lower. Gold was last seen at $4,790, down 1.03%, while the final trade for Silver was reported at $78.86, down 0.69%. The strength in the U.S. dollar was cited as a major reason for the decline, and profit-taking after the strong move over the last week was also a likely culprit.

Crypto: The cryptocurrency markets saw a slight correction yesterday following some big early-week gains, with Bitcoin holding above $74,000. Despite volatility driven by geopolitical tensions, Bitcoin, Ethereum, and some other altcoins remained relatively stable. Needless to say, crypto traders and strategists are monitoring the Middle East, where tensions are influencing price movements, though Bitcoin and Ethereum remain up significantly since the conflict began. At 8 AM EDT, Bitcoin is trading at $74,440, while Ethereum is quoted at $2,333.

24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. 

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Thursday, April 16, 2026. 

Upgrades: Blackstone Mortgage Trust Inc. (NYSE: BXMT) | BXMT Price Prediction was upgraded to Overweight from Neutral at JPMorgan, with a $21 target price for the shares. Bread Financial Holdings Inc. (NYSE: BFH) was upgraded to Equal Weight from Underweight at Morgan Stanley, with a $91 target price. Equitable Holdings Inc. (NYSE: EQH) was upgraded to Strong Buy from Market Perform at Raymond James, which has a $58 target price for the stock. Grupo Aeroportuario del Centro Norte SAB De CV (NASDAQ: OMAB) was raised to Buy from Hold at HSBC, with a $134 target price for the company. Okta Inc. (NASDAQ: OKTA) was upgraded to Outperform from Market Perform at Raymond James, which has an $85 target price. Downgrades: Corning Inc. (NYSE: GLW) was downgraded to Neutral from Overweight at JPMorgan, which actually raised the target price for the fiber and display giant to $175 from $115. Federated Hermes Inc. (NYSE: FHI) was downgraded to Underweight from Neutral at JPMorgan, which nudged the price target to $56 from $55. GitLab Inc. (NASDAQ: GTLB) was cut to Neutral from Buy at UBS, which slashed the target price for the stock to $24 from $44. PayPal Holdings Inc. (NASDAQ: PYPL) was downgraded to Neutral from Outperform at Mizuho, which cut the target price for the stock to $50 from $60. Two Harbors Investment Corp. (NYSE: TWO) was downgraded to Underweight from Neutral at JPMorgan, which trimmed the target price for the stock to $11 from $12.50. Initiations: Autoliv Inc. (NYSE: ALV) was initiated with a Buy rating at Bank of America, with a $140 price target. CoreWeave (NASDAQ: CRWV) was started with an Outperform rating at Wolfe Research, which has a $150 target price objective. Dicks Sporting Goods Inc. (NYSE: DKS) was initiated with a Buy rating at BTIG, which has a $300 target price for the retail giant. Equifax Inc. (NYSE: EFX) was initiated with an Overweight rating at Mizuho, which has a $222 target price for the shares. Pfizer Inc. (NYSE: PFE) was initiated with an Outperform rating at CICC, which has a $33 target for the healthcare giant.

Posted by Defense World Staff on Apr 19th, 2026

Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) COO Jeffrey Hurd sold 14,358 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $40.58, for a total transaction of $582,647.64. Following the completion of the sale, the chief operating officer directly owned 84,403 shares of the company’s stock, valued at $3,425,073.74. The trade was a 14.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Equitable Trading Down 0.7% Shares of EQH stock opened at $41.68 on Friday. Equitable Holdings, Inc. has a 52-week low of $35.19 and a 52-week high of $56.61. The company has a debt-to-equity ratio of 16.42, a quick ratio of 0.13 and a current ratio of 0.13. The company has a 50-day simple moving average of $39.98 and a two-hundred day simple moving average of $44.67. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of -8.65, a PEG ratio of 0.40 and a beta of 1.11.

Equitable announced that its Board of Directors has initiated a share buyback program on Wednesday, February 11th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Equitable Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, March 4th. Equitable’s dividend payout ratio is presently -22.41%.

Analyst Upgrades and Downgrades EQH has been the subject of a number of research reports. UBS Group reduced their target price on shares of Equitable from $66.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Equitable from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Barclays reduced their target price on shares of Equitable from $57.00 to $49.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. The Goldman Sachs Group set a $60.00 target price on shares of Equitable in a research report on Monday, January 5th. Finally, Mizuho reduced their target price on shares of Equitable from $65.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and an average price target of $56.91.

Get Our Latest Report on EQH

Institutional Inflows and Outflows Several institutional investors and hedge funds have recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its holdings in Equitable by 9.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,726 shares of the company’s stock worth $130,000 after buying an additional 227 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Equitable by 9.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,999 shares of the company’s stock worth $143,000 after buying an additional 249 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in Equitable by 11.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,634 shares of the company’s stock worth $134,000 after buying an additional 275 shares during the period. Farther Finance Advisors LLC boosted its holdings in Equitable by 12.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,882 shares of the company’s stock worth $137,000 after buying an additional 317 shares during the period. Finally, Clearstead Advisors LLC boosted its holdings in Equitable by 1.3% in the 4th quarter. Clearstead Advisors LLC now owns 25,926 shares of the company’s stock worth $1,235,000 after buying an additional 329 shares during the period. 92.70% of the stock is owned by institutional investors.

Key Equitable News Here are the key news stories impacting Equitable this week:

Positive Sentiment: Raymond James upgraded EQH from “market perform” to “strong-buy” with a $58 price target (implying ~39% upside from current levels), which is a clear bullish catalyst for investors. Raymond James Upgrade Positive Sentiment: Management and counterpart Corebridge have discussed potential share buybacks ahead of the pending Corebridge–Equitable transaction; buyback talk typically supports the share price by reducing float and signaling confidence in valuation. Buybacks & Merger Discussion Neutral Sentiment: Insider sales disclosed (all executed under pre-arranged Rule 10b5‑1 plans): COO Jeffrey Hurd sold 14,358 shares (~$40.58 avg), Nick Lane sold 10,000 shares (~$40.44 avg), and CEO Mark Pearson sold 1,387 shares (~$40.03 avg). Because these were planned 10b5‑1 trades the market impact is muted, but such filings can still raise short-term selling pressure. Filing links: Hurd SEC Filing Lane SEC Filing Pearson SEC Filing Negative Sentiment: Technical and fundamental headwinds: the 50‑day moving average (~$40.06) sits below the 200‑day (~$44.79) and key metrics show negative earnings (negative P/E) and high reported leverage; these factors can limit upside and contribute to continued selling pressure despite positive headlines. Equitable Company Profile (Get Free Report)

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.

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Funding will support robotics education and community engagement for underserved students statewide

INDIANAPOLIS--(BUSINESS WIRE)--TechPoint Youth today announced it has received a $200,000 grant from the Global Technology Industry Association (GTIA) to support the expansion of equitable robotics and STEM programming across Indiana. The funding will help TechPoint Youth reach an additional 10,000 Indiana students, particularly girls, students of color, and youth in under-resourced rural and urban communities, while strengthening educator training and local STEM infrastructure.

Indiana is home to a growing technology economy. Through TechPoint Youth's robotics initiative, STEM Mentor and Xplore programs, the organization has proven that access to hands-on technology education changes student trajectories.

Share Founded to equip and empower the next generation of STEM leaders, TechPoint Youth works to expand equitable access to high-impact robotics and technology education statewide. The funding from GTIA will strengthen those efforts by enabling the organization to deepen its reach into communities that have historically had the least access to quality STEM programming, closing gaps in opportunity and building a more inclusive pipeline of future tech leaders in Indiana.

"This investment from GTIA is a powerful affirmation of what we already know to be true, that every young person deserves the chance to discover their potential and find passion for a future career in STEM," said Jamie Inskeep, President and CEO of TechPoint Youth. "With this funding, we can go further and reach deeper into the communities that need us most. We're grateful to GTIA and its members for recognizing that expanding access to STEM isn't just beneficial for the students themselves, it's also fundamental for developing Indiana's future workforce."

TechPoint Youth is one of 45 nonprofit organizations worldwide to have received a GTIA grant as part of the association's $1.91 million in total charitable giving in 2025. GTIA's charitable investment reinforces the association's commitment to advancing access, equity, education, workforce development, and technology-driven innovation. GTIA has recently announced it is expanding its charitable giving to $5 million in 2026.

Through a significantly expanded philanthropic portfolio, GTIA directed funding and resources to organizations such as TechPoint Youth who are creating measurable social impact across education, healthcare, workforce readiness, and community development.

"Philanthropy has long been central to GTIA's mission," said Kelly Ricker, chief operating officer of GTIA. "In 2025, our members helped us take decisive steps to scale our impact – investing in organizations that use technology to expand opportunities, promote equity and create lasting change. Every advancement we make in our giving programs is driven by the commitment and shared purpose of our member community. Their leadership ensures that innovation truly benefits communities worldwide."

Indiana is home to a growing technology economy, and TechPoint Youth sits at the center of building the workforce that will power it. Through its robotics initiative, STEM Mentor and Xplore programs, and community partnerships, TechPoint Youth has spent years proving that access to hands-on technology K-12 education changes trajectories. This GTIA grant will allow the organization to scale, bringing students into the fold, training more educators, and ensuring that the communities with the most to gain from STEM aren't left behind.

About TechPoint Youth TechPoint Youth is Indiana's leading nonprofit dedicated to inspiring and empowering the next generation of STEM leaders by expanding equitable access to high-impact robotics and technology education statewide. For more information, visit techpointyouth.org.

About the Global Technology Industry Association The Global Technology Industry Association (GTIA) is the only vendor-neutral, 501(c)(6) nonprofit membership community connecting and representing the worldwide IT channel. For more information, visit gtia.org.

The market expects Equitable Holdings, Inc. (EQH - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on May 4, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of +20.7%.

Revenues are expected to be $4.01 billion, up 5.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.5% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Equitable Holdings?For Equitable Holdings, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Equitable Holdings will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Equitable Holdings would post earnings of $1.75 per share when it actually produced earnings of $1.76, delivering a surprise of +0.57%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Equitable Holdings doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAmerican International Group (AIG - Free Report) , another stock in the Zacks Insurance - Multi line industry, is expected to report earnings per share of $1.9 for the quarter ended March 2026. This estimate points to a year-over-year change of +62.4%. Revenues for the quarter are expected to be $6.89 billion, up 4.1% from the year-ago quarter.

The consensus EPS estimate for American International Group has been revised 0.4% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.53%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that American International Group will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

NEW YORK--(BUSINESS WIRE)--Equitable Holdings, Inc. (“Equitable Holdings”, “Holdings”, or the “Company”) (NYSE: EQH) today announced financial results for the first quarter ended March 31, 2026.

“We reported solid first quarter results with Non-GAAP operating earnings per share of $1.62, or $1.68 excluding notable items, up 25% from the prior year quarter. Within our businesses, we continued to see healthy organic growth momentum, highlighted by $1.3 billion of net inflows in Retirement and $2.0 billion of advisory net inflows in Wealth Management. Looking forward, we remain confident in achieving our 2026 guidance of $1.8 billion of cash generation and over 15% growth in earnings per share,” said Mark Pearson, President and Chief Executive Officer.

Mr. Pearson concluded, “I am incredibly excited about the announced merger with Corebridge, which will create a diversified financial services company with leading positions across retirement, life insurance, asset management, and wealth management and accelerate our growth strategy. The transaction will be immediately accretive to earnings per share and cash generation, and we project at least 10% accretion on a run-rate basis by year-end 2028. By leveraging the complementary strengths of Equitable and Corebridge, the combined company will have the scale, product breadth, and distribution platform to deliver superior value to both our customers and shareholders.”

Consolidated Results

First Quarter

(in millions, except per share amounts or unless otherwise noted)

2026

2025

Total Assets Under Management/Administration (“AUM/A”, in billions)

$

1,094

$

1,006

Net income (loss) attributable to Holdings

621

63

Net income (loss) attributable to Holdings per common share

2.14

0.16

Non-GAAP operating earnings

472

421

Non-GAAP operating earnings per common share (“EPS”)

1.62

1.30

As of March 31, 2026, total AUM/A was $1.1 trillion, a year-over-year increase of 9%, driven by positive net flows and higher markets over the prior twelve months.

Net income (loss) attributable to Holdings for the first quarter of 2026 was $621 million compared to $63 million in the first quarter of 2025.

Non-GAAP operating earnings in the first quarter of 2026 were $472 million compared to $421 million in the first quarter of 2025. Adjusting for notable items3 of $19 million, first quarter 2026 Non-GAAP operating earnings were $491 million or $1.68 per share.

As of March 31, 2026, book value per common share including accumulated other comprehensive income (“AOCI”) was $(2.83). Book value per common share excluding AOCI was $19.56. Both of these measures reflect the Company’s 68% ownership stake in AllianceBernstein (“AB”) at book value. Book value per common share excluding AOCI but with AB reflected at fair market value was $34.70.

Business Highlights

First quarter 2026 business segment highlights: Retirement reported net inflows of $1.3 billion and first year premiums of $6.0 billion were up 10% over the prior year. Asset Management (AllianceBernstein or “AB”)4 reported net outflows of $7.1 billion, primarily driven by active equities. The institutional pipeline increased to a record $27.5 billion as of quarter end. Wealth Management (“WM”) reported advisory net inflows of $2.0 billion, with total assets under administration reaching $131 billion. Capital management program: The Company returned $223 million to shareholders in the first quarter, including $76 million quarterly cash dividends and $147 million of share repurchases. The Company remains committed to its 60-70% payout ratio target for 2026. The Company reported cash and liquid assets of $1.2 billion at Holdings5 as of quarter end, which remains above the $500 million minimum target. The combined NAIC RBC ratio was approximately 475% at year end, above the Company’s target of 400%. Delivering shareholder value: The Company has completed the deployment of its $20 billion capital committed to AB. This supports growth in AB’s Private Markets business, which had $85 billion of assets under management as of quarter end. During the first quarter, the Company closed on the acquisition of Stifel Independent Advisors, adding over $9 billion of client assets. On March 26th, the Company announced an agreement to combine with Corebridge Financial in an all-stock merger, creating an industry-leading Retirement, Wealth and Asset Management company. The merger is expected to close by year-end 2026, subject to a shareholder vote and regulatory approvals. The transaction is expected to be immediately accretive to earnings per share and cash generation with 10%+ accretion on a run rate basis by year-end 2028. Business Segment Results

Retirement

(in millions, unless otherwise noted)

Q1 2026

Q1 2025

Total Assets (in billions)6

$

175.7

$

154.6

Segment net flows (in billions)

1.3

1.6

Operating earnings (loss)

396

380

Assets increased by 14%, driven by market performance and net inflows over the prior twelve months. First year premiums of $6.0 billion increased by 10% while net inflows of $1.3 billion were lower than the prior year quarter. Operating earnings of $396 million increased versus the prior year quarter, primarily due to higher fee-based revenue and a lower tax rate. Operating earnings adjusted for notable items7 increased from $385 million in the prior year quarter to $394 million. Notable items of $(2) million in the current period reflect lower net investment income from alternatives, offset by a favorable tax credit. Asset Management

(in millions, unless otherwise noted)

Q1 2026

Q1 2025

Total AUM (in billions)

$

838.6

$

784.5

Segment net flows (in billions)

(7.1

)

2.4

Operating earnings (loss)

140

126

AUM increased by 7% due to market performance over the prior twelve months. Net outflows were $7.1 billion in the quarter, including net outflows of $5.8 billion in Retail and $1.9 billion in Institutional, partially offset by net inflows of $0.6 billion in Private Wealth. Operating earnings increased from $126 million in the prior year quarter to $140 million, due to growth in base fees and a higher ownership percentage of AB. Wealth Management

(in millions, unless otherwise noted)

Q1 2026

Q1 2025

Total AUA (in billions)

$

131.0

$

102.1

Advisory net new assets (in billions)

2.0

2.0

Operating earnings (loss)

55

45

AUA increased by 28% over the last twelve months due to market performance, net inflows and acquired assets from the Stifel transaction. Advisory net inflows were $2.0 billion in the quarter, supported by an 11% year-over-year increase in advisor productivity. Operating earnings increased from $45 million in the prior year quarter to $55 million, primarily due to growth in client assets and advisory fees. Corporate and Other (“C&O”)

The operating loss of $119 million in the first quarter decreased from an operating loss of $130 million in the prior year quarter. After adjusting for notable items8, the operating loss was $98 million versus a loss of $122 million in the prior year quarter.

____________________________

1 This press release includes certain Non-GAAP financial measures. More information on these measures and reconciliations to the most comparable U.S. GAAP measures can be found in the “Use of Non-GAAP Financial Measures” section of this release.

2 Please refer to Exhibit 1 for a detailed reconciliation and definitions related to notable items.

3

Please refer to Exhibit 1 for detailed reconciliation and definitions related to notable items.

4

Refers to AllianceBernstein L.P. and AllianceBernstein Holding L.P., collectively.

5

Excludes c. $195 million of cash at Holdings which is available to AllianceBernstein through its credit facility with Equitable Holdings.

6

Retirement assets includes account value (net of embedded derivatives), spread lending balances and reserves (excluding MRBs)

7

Please refer to Exhibit 1 for a detailed reconciliation and definitions related to notable items.

8

Please refer to Exhibit 1 for a detailed reconciliation and definitions related to notable items.

Exhibit 1: Notable Items

Notable items represent the impact on results from our annual actuarial assumption review, approximate impacts attributable to significant variances from the Company’s expectations, and other items that the Company believes may not be indicative of future performance. The Company chooses to highlight the impact of these items and give Non-GAAP measures less notable items to provide a better understanding of our results of operations in a given period. Certain figures may not sum due to rounding.

Impact of notable items by segment and Corporate & Other:

Three Months Ended March 31,

(in millions)

2026

2025

Non-GAAP Operating Earnings

$

472

$

421

Post-tax adjustments related to notable items:

Retirement

(2

)

5

Asset Management

—

—

Wealth Management

—

—

Corporate & Other

21

8

Non-GAAP Operating Earnings, less Notable Items

$

491

$

434

Impact of notable items by item category:

Three Months Ended March 31,

(in millions)

2026

2025

Non-GAAP Operating Earnings

$

472

$

421

Post-tax adjustments related to notable Items:

Net investment income

32

13

Tax credit

(13

)

—

Non-GAAP Operating Earnings, less Notable Items

$

491

$

434

Earnings Conference Call

Equitable Holdings will host a conference call at 9 a.m. ET on May 5, 2026 to discuss its first quarter 2026 results. The conference call webcast, along with additional earnings materials, will be accessible on the company’s investor relations website at ir.equitableholdings.com. Please log on to the webcast at least 15 minutes prior to the call to download and install any necessary software.

To register for the conference call, please use the following link:
EQH First Quarter 2026 Earnings Call

After registering, you will receive an email confirmation including dial in details and a unique conference call code for entry. Registration is open through the live call. To ensure you are connected for the full call we suggest registering a day in advance or at minimum 10 minutes before the start of the call.

A webcast replay will be made available on the Equitable Holdings Investor Relations website at ir.equitableholdings.com.

About Equitable Holdings

Equitable Holdings, Inc. (NYSE: EQH) is a leading financial services holding company comprised of complementary and well-established businesses, Equitable, AllianceBernstein and Equitable Advisors. Equitable Holdings has $1.1 trillion in assets under management and administration (as of 3/31/2026) and more than 5 million client relationships globally. Founded in 1859, Equitable provides retirement and protection strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers diversified investment services to institutional investors, individuals and private wealth clients. Equitable Advisors, LLC (Equitable Financial Advisors in MI and TN) has approximately 4,600 duly registered and licensed financial professionals that provide financial planning, wealth management, retirement planning, protection and risk management services to clients across the country.

Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “forecasts,” “intends,” “seeks,” “aims,” “plans,” “assumes,” “estimates,” “projects,” “should,” “would,” “could,” “may,” “will,” “shall” or variations of such words are generally part of forward-looking statements. Forward-looking statements are made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Equitable Holdings, Inc. (“Holdings”) and its consolidated subsidiaries. These forward-looking statements include, but are not limited to, statements regarding projections, estimates, forecasts and other financial and performance metrics and projections of market expectations. “We,” “us” and “our” refer to Holdings and its consolidated subsidiaries, unless the context refers only to Holdings as a corporate entity. There can be no assurance that future developments affecting Holdings will be those anticipated by management. Forward-looking statements include, without limitation, all matters that are not historical facts.

These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, and there are certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements, including, among others: (i) the ability to complete the Proposed Transaction on the timeframe or in the terms currently anticipated or at all, including due to a failure to obtain requisite stockholder, stock exchange, regulatory, governmental or other approvals; (ii) risks related to difficulties, inabilities or delays in integrating the parties’ businesses; (iii) the ability to realize the anticipated benefits of the Proposed Transaction, including estimated run-rate expense synergies and projected cost savings at the time, and to the extent anticipated, as well as expected, operating earnings and cash flow generation; (iv) the occurrence of any event, change or other circumstance that could give rise to the right of either or both parties to terminate the merger agreement; (v) the potential impact of the announcement or consummation of the Proposed Transaction on Equitable or Corebridge’s stock price and on their respective business, contractual and operational relationships (including with regulatory bodies, employees, suppliers, clients and competitors); (vi) risk related to business disruptions from the Proposed Transaction that may harm the business or current plans and operations of either or both parties, including diversion of management time from ongoing business operations; (vii) the risk that the Proposed Transaction and the announcement thereof could have an adverse effect on the operations; (viii) the risk that the Proposed Transaction and the announcement thereof could have an adverse effect on the ability of either or both parties to hire and retain key personnel; (ix) the parties’ ability to raise debt on favorable terms or at all; (x) the outcome of any legal proceedings that may be instituted against Equitable, Corebridge, their new parent company or their respective directors; (xi) restrictions on the conduct of Equitable and Corebridge’s respective businesses prior to the closing of the Proposed Transaction and on each of their ability to pursue alternatives to the Proposed Transaction; (xii) the possibility that the Proposed Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, or unforeseen or unknown liabilities; (xiii) the potential impact of a downgrade in Equitable or Corebridge’s Insurer Financial Strength ratings or credit ratings or of the new parent company of Equitable and Corebridge following completion of the Proposed Transaction; (xiv) conditions in the financial markets and economy, including the impact of geopolitical conflicts, changes in tariffs and trade barriers, the impact on the Company of a continued shutdown of the U.S. government, and related economic conditions, equity market declines and volatility, interest rate fluctuations, impacts on our goodwill and changes in liquidity and access to and cost of capital; (xv) operational factors, including reliance on the payment of dividends to Holdings by its subsidiaries, protection of confidential customer information or proprietary business information, operational failures by us or our service providers, potential strategic transactions, changes in accounting standards, and catastrophic events, such as the outbreak of pandemic diseases; (xvi) credit, counterparties and investments, including counterparty default on derivative contracts, failure of financial institutions, defaults by third parties and affiliates and economic downturns, defaults and other events adversely affecting our investments; (xvii) our reinsurance and hedging programs; (xviii) our products, structure and product distribution, including variable annuity guaranteed benefits features within certain of our products, variations in statutory capital requirements, financial strength and claims-paying ratings, state insurance laws limiting the ability of our insurance subsidiaries to pay dividends and key product distribution relationships; (xix) estimates, assumptions and valuations, including risk management policies and procedures, potential inadequacy of reserves and experience differing from pricing expectations, amortization of deferred acquisition costs and financial models; (xx) our Asset Management segment, including fluctuations in assets under management and the industry-wide shift from actively-managed investment services to passive services; (xxi) recruitment and retention of key employees and experienced and productive financial professionals; (xxii) subjectivity of the determination of the amount of allowances and impairments taken on our investments; (xxiii) legal and regulatory risks, including federal and state legislation affecting financial institutions, insurance regulation and tax reform; (xxiv) risks related to our common stock and (xxv) general risks, including strong industry competition, information systems failing or being compromised and protecting our intellectual property.

Forward-looking statements, including any financial guidance, should be read in conjunction with the other cautionary statements, risks, uncertainties and other factors identified in Holdings’ filings with the Securities and Exchange Commission. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law.

Forward-looking Non-GAAP Metrics

The Company has presented forward-looking statements regarding Non-GAAP operating earnings, and Non-GAAP operating earnings per share. These non-GAAP financial measures are derived by excluding certain amounts, expenses or income, from the corresponding financial measures determined in accordance with GAAP. The determination of the amounts that are excluded from these non-GAAP financial measures is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period. We are unable to present a quantitative reconciliation of forward-looking adjusted operating earnings per share and payout ratio targeted to non-GAAP operating earnings to their most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict all of the necessary components of such GAAP measures without unreasonable effort or expense. In addition, we believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on the Company’s future financial results. These non-GAAP financial measures are preliminary estimates and are subject to risks and uncertainties, including, among others changes in connection with quarter-end and year-end adjustments. Any variations between the Company’s actual results and preliminary financial data set forth above may be material.

Use of Non-GAAP Financial Measures

In addition to our results presented in accordance with U.S. GAAP, we report Non-GAAP Operating Earnings, and Non-GAAP operating common EPS, each of which is a measure that is not determined in accordance with U.S. GAAP. Management principally uses these Non-GAAP financial measures in evaluating performance because they present a clearer picture of our operating performance and they allow management to allocate resources. Similarly, management believes that the use of these Non-GAAP financial measures, together with relevant U.S. GAAP measures, provide investors with a better understanding of our results of operations and the underlying profitability drivers and trends of our business. These Non-GAAP financial measures are intended to remove from our results of operations the impact of market changes (where there is a mismatch in the valuation of assets and liabilities) as well as certain other expenses which are not part of our underlying profitability drivers or likely to re-occur in the foreseeable future, as such items fluctuate from period-to-period in a manner inconsistent with these drivers. These measures should be considered supplementary to our results that are presented in accordance with U.S. GAAP and should not be viewed as a substitute for the U.S. GAAP measures. Other companies may use similarly titled Non-GAAP financial measures that are calculated differently from the way we calculate such measures. Consequently, our Non-GAAP financial measures may not be comparable to similar measures used by other companies.

We also discuss certain operating measures, including AUM, AUA, AV, policy reserves and certain other operating measures, which management believes provide useful information about our businesses and the operational factors underlying our financial performance.

Non-GAAP Operating Earnings

Non-GAAP Operating Earnings is an after-tax Non-GAAP financial measure used to evaluate our financial performance on a consolidated basis that is determined by making certain adjustments to our consolidated after-tax net income attributable to Holdings. The most significant of such adjustments relates to our derivative positions, which protect economic value and statutory capital, and the variable annuity product MRBs. This is a large source of volatility in net income.

Non-GAAP Operating Earnings equals our consolidated after-tax net income attributable to Holdings adjusted to eliminate the impact of the following items:

Items related to variable annuity product features, which include: (i) changes in the fair value of MRB and purchased MRB, including the related attributed fees and claims, offset by derivatives and other securities used to hedge the MRB which result in residual net income volatility as the change in fair value of certain securities is reflected in OCI and due to our statutory capital hedge program; and (ii) market adjustments to deposit asset or liability accounts arising from reinsurance agreements which do not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk; Investment (gains) losses, which includes credit loss impairments of securities/investments, sales or disposals of securities/investments, realized capital gains/losses and valuation allowances; Net actuarial (gains) losses, which includes actuarial gains and losses as a result of differences between actual and expected experience on pension plan assets or projected benefit obligation during a given period related to pension, other postretirement benefit obligations, and the one-time impact of the settlement of the defined benefit obligation; Other adjustments, which primarily include restructuring costs related to severance and separation, lease write-offs related to non-recurring restructuring activities, net derivative gains (losses) on certain Non-GMxB derivatives, net investment income from certain items including consolidated VIE investments, seed capital mark-to-market adjustments, unrealized gain/losses and realized capital gains/losses from sales or disposals of select securities, certain legal accruals; a bespoke deal to repurchase UL policies from one entity that had invested in numerous policies purchased in the life settlement market, which disposed of the risk of additional COI litigation by that entity related to those UL policies, impact of the annual actuarial assumption updates attributable to LFPB when the majority of the impact relates to the non-core business; and Income tax expense (benefit) related to the above items and non-recurring tax items, which includes the effect of uncertain tax positions for a given audit period and changes to the deferred tax valuation allowance. In the third quarter of 2025, the Company updated its net investment income (“NII”) segment reporting to better align with our GAAP segments, as well as the reporting of our spread lending programs' income and expenses. Previously, direct and allocated segment NII were recorded based on assets tied to statutory asset tagging and net statutory liabilities for allocation. To better align with our GAAP segments, the Company changed the recording methodology for direct NII. It is now based on the book yields of assets tied to specific segments, considering general account values plus reserves, net of embedded derivatives. Indirect NII, which was previously allocated based on net statutory liabilities, is now allocated based on general account values and reserves, net of embedded derivatives. Additionally, revenues and expenses from our spread lending programs are now primarily recorded within the Retirement segment. Previously, spread lending revenues and expenses were recorded in Corporate and Other, with the excess of revenues over expenses allocated to the insurance segments based on net statutory liabilities. Prior periods have been revised to reflect these changes.

Because Non-GAAP Operating Earnings excludes the foregoing items that can be distortive or unpredictable, management believes that this measure enhances the understanding of the Company’s underlying drivers of profitability and trends in our business, thereby allowing management to make decisions that will positively impact our business.

We use the prevailing corporate federal income tax rate of 21% while taking into account any non-recurring differences for events recognized differently in our financial statements and federal income tax returns as well as partnership income taxed at lower rates when reconciling Net income (loss) attributable to Holdings to Non-GAAP Operating Earnings.

The table below presents a reconciliation of Net income (loss) attributable to Holdings to Non-GAAP Operating Earnings for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,

(in millions)

2026

2025

Net income (loss) attributable to Holdings

$

621

$

63

Adjustments related to:

Variable annuity product features (1)

(386

)

211

Investment (gains) losses

29

14

Net actuarial (gains) losses related to pension and other postretirement benefit obligations

14

11

Other adjustments (2)

148

205

  Income tax expense (benefit) related to above adjustments

41

(92

)

Non-recurring tax items

5

9

Non-GAAP Operating Earnings

$

472

$

421

Non-GAAP Operating EPS

Non-GAAP Operating Earnings per common share is calculated by dividing Non-GAAP Operating Earnings less preferred stock dividends by diluted common shares outstanding. The table below presents a reconciliation of GAAP EPS to Non-GAAP Operating EPS for the three months ended March 31, 2026 and 2025.

Three Months Ended March 31,

(per share amounts)

2026

2025

Net income (loss) attributable to Holdings

$

2.19

$

0.20

Less: Preferred stock dividend

0.05

0.04

Net Income (loss) available to common shareholders

2.14

0.16

Adjustments related to:

Variable annuity product features (1)

(1.36

)

0.68

Investment (gains) losses

0.10

0.04

Net actuarial (gains) losses related to pension and other postretirement benefit obligations

0.05

0.04

Other adjustments (2)

0.53

0.64

  Income tax expense (benefit) related to above adjustments

0.14

(0.29

)

Non-recurring tax items

0.02

0.03

Non-GAAP Operating Earnings

$

1.62

$

1.30

Book Value per common share, excluding AOCI

We use the term “book value” to refer to total equity attributable to Holdings’ common shareholders. Book Value per common share, excluding AOCI, is our total equity attributable to Holdings, excluding AOCI and preferred stock, divided by ending common shares outstanding.

March 31,
2026

December 31,
2025

Book value per common share

$

(2.83

)

$

(4.03

)

Per share impact of AOCI

22.39

22.17

Book Value per common share, excluding AOCI

$

19.56

$

18.14

Other Operating Measures

We also use certain operating measures which management believes provide useful information about our businesses and the operational factors underlying our financial performance.

Account Value (“AV”)

Account value generally equals the aggregate policy account value of our retirement products.

Assets Under Management (“AUM”)

AUM means investment assets that are managed by one of our subsidiaries and includes: (i) assets managed by AB, (ii) the assets in our general account investment portfolio and (iii) the separate account assets of our Retirement and Life businesses. Total AUM reflects exclusions between segments to avoid double counting.

Assets Under Management (“AUA”)

AUA means advisory and brokerage investment assets included in the Company’s Wealth Management segment.

Segment net flows

Net change in segment customer account balances in a period including, but not limited to, gross premiums, surrenders, withdrawals and benefits. It excludes investment performance, interest credited to customer accounts and policy charges.

Consolidated Statements of Income (Loss) (Unaudited)

Three Months Ended March 31,

2026

2025

(in millions)

REVENUES

Policy charges and fee income

$

429

$

636

Premiums

240

304

Net derivative gains (losses)

580

799

Net investment income (loss)

1,284

1,248

Investment gains (losses), net:

Credit and intent to sell losses on available-for-sale debt securities and loans

7

—

Other investment gains (losses), net

(36

)

(14

)

Total investment gains (losses), net

(29

)

(14

)

Investment management and service fees

1,327

1,285

Other income

399

318

Total revenues

4,230

4,576

BENEFITS AND OTHER DEDUCTIONS

Policyholders’ benefits

385

759

Remeasurement of liability for future policy benefits

9

(2

)

Change in market risk benefits and purchased market risk benefits

325

672

Interest credited to policyholders’ account balances

770

678

Compensation and benefits

625

601

Commissions and distribution-related payments

556

501

Interest expense

62

55

Amortization of deferred policy acquisition costs

209

188

Other operating costs and expenses

402

950

Total benefits and other deductions

3,343

4,402

Income (loss) from continuing operations, before income taxes

887

174

Income tax (expense) benefit

(156

)

(24

)

Net income (loss)

731

150

Less: Net income (loss) attributable to the noncontrolling interest

110

87

Net income (loss) attributable to Holdings

621

63

Less: Preferred stock dividends

14

14

Net income (loss) available to Holdings’ common shareholders

$

607

$

49

Earnings Per Common Share

Three Months Ended March 31,

2026

2025

(in millions)

Earnings per common share

Basic

$

2.16

$

0.16

Diluted

$

2.14

$

0.16

Weighted average shares

Weighted average common stock outstanding for basic earnings per common share

281.3

307.8

Weighted average common stock outstanding for diluted earnings per common share

283.8

311.9

Results of Operations by Segment

Three Months Ended March 31,

2026

2025

(in millions)

Operating earnings (loss) by segment:

Retirement

$

396

$

380

Asset Management

140

126

Wealth Management

55

45

Corporate and Other

(119

)

(130

)

Non-GAAP Operating Earnings

$

472

$

421

Select Balance Sheet Statistics

March 31,
2026

December 31,
2025

(in millions)

ASSETS

Total investments and cash and cash equivalents

$

131,583

$

133,466

Separate Accounts assets

130,470

136,544

Total assets

$

310,382

$

317,990

LIABILITIES

Long-term debt

$

3,837

$

3,835

Future policy benefits and other policyholders' liabilities

17,441

17,660

Policyholders’ account balances

132,662

133,433

Total liabilities

$

308,132

$

316,202

EQUITY

Preferred stock

$

1,068

$

1,068

Accumulated other comprehensive income (loss)

(6,300

)

(6,280

)

Total equity attributable to Holdings

273

(74

)

Total equity attributable to Holdings' common shareholders (ex. AOCI)

5,505

5,138

Assets Under Management (Unaudited)

March 31,
2026

December 31,
2025

(in billions)

Assets Under Management

AB AUM

$

838.6

$

866.9

Exclusion for General Account and other Affiliated Accounts

(88.8

)

(87.3

)

Exclusion for Separate Accounts

(48.8

)

(51.0

)

AB third party

$

701.0

$

728.6

Total Company AUM

AB third party

$

701.0

$

728.6

General Account and other Affiliated Accounts (1) (3) (4) (5)

131.6

133.5

Separate Accounts (2) (3) (4) (5)

130.5

136.5

Total AUM

$

963.1

$

998.6

_______________ (1)

“General Account and other Affiliated Accounts” refers to assets held in the general accounts of our insurance companies and other assets on which we bear the investment risk.

(2)

“Separate Accounts” refers to the separate account investment assets of our insurance subsidiaries excluding any assets on which we bear the investment risk.

(3)

As of March 31, 2026 and December 31, 2025, Separate Accounts AUM is inclusive of $7.6 billion and $8.2 billion & General Account AUM is inclusive of $27 million and $28 million, respectively, ceded to Venerable.

(4)

As of March 31, 2026 and December 31, 2025, Separate Accounts AUM is inclusive of $6.8 billion and $7.2 billion & General Account AUM is inclusive of $2.9 billion and $3.0 billion, respectively, ceded to Global Atlantic.

(5)

Includes Advisory, Brokerage and Direct assets included in our Wealth Management segment.

As of March 31, 2026 and December 31, 2025, Separate Accounts AUM is inclusive of $14.5 billion and $15.1 billion & General Account AUM is inclusive of $9.3 billion and $9.3 billion, respectively, ceded to RGA. More News From Equitable Holdings, Inc.