Earnings Call Summary | Equitable(EQH.US) Q1 2024 Earnings Conference
Earnings Call Summary | Equitable(EQH.US) Q1 2024 Earnings Conference
The following is a summary of the Equitable Holdings, Inc. (EQH) Q1 2024 Earnings Call Transcript:
以下是 Equity Holdings, Inc. (EQH) 2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Equitable Holdings reported Q1 non-GAAP operating earnings of $490 million, or $1.43 per share, up 49% year-over-year on a per-share basis.
After adjusting for notable items, non-GAAP operating EPS remained $1.43, up 18% compared to the previous year.
The company bought back $253 million of stock and paid $73 million of dividends, totaling a payout ratio of 68%.
Assets under management and administration saw a 13% increase year-over-year to $974 billion.
Equity Holdings報告稱，第一季度非公認會計准則營業收益爲4.9億美元，合每股1.43美元，同比增長49％。
經重要項目調整後，非公認會計准則運營每股收益仍爲1.43美元，與上年相比增長18％。
該公司回購了2.53億美元的股票並支付了7300萬美元的股息，總派息率爲68％。
管理和管理的資產同比增長13％，達到9740億美元。
Business Progress:
業務進展：
The Individual Retirement segment delivered 8% organic growth in the last 12 months.
The company noted strong demand for their Retirement, Asset Management, and Wealth management solutions.
They aim to boost growth in assets under management and administration, benefiting from a favorable interest rate environment and robust demand for their AI platform.
The firm plans to capitalize on the growth opportunity presented by the US retirement market, with offerings with leading asset managers BlackRock and AB.
The company is evaluating multiple options for their Protection Solutions business with reinsurers to improve profitability.
AllianceBernstein expects continued flows into fixed income and is planning several new product launches.
In partnership with BlackRock, new flows are expected in the institutional business line for their Group Retirement business.
Equitable Holdings is investing actively in their Protection segment while focusing on technology to disrupt the market.
在過去的12個月中，個人退休板塊實現了8％的有機增長。
該公司注意到對其退休、資產管理和财富管理解決方案的強勁需求。
他們的目標是促進管理和管理資產的增長，受益於有利的利率環境和對其人工智能平台的強勁需求。
該公司計劃利用美國退休市場帶來的增長機會，向領先的資產管理公司貝萊德和AB發行產品。
該公司正在與再保險公司一起評估其保護解決方案業務的多種選擇，以提高盈利能力。
AllianceBernstein預計將繼續流入固定收益，並計劃推出幾款新產品。
與貝萊德合作，其集團退休業務的機構業務線預計將出現新的流量。
Equity Holdings正在積極投資其保護領域，同時專注於顛覆市場的技術。
More details: Equitable IR
更多詳情： 公平的紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。