Highlights

  • Second quarter 2026 net loss attributable to Holdings was USD 453 million, or USD 1.68 per share.
  • Six-month net income attributable to Holdings was USD 168 million, or USD 0.50 diluted, versus a USD 286 million loss.
  • Stockholders of Holdings and Corebridge approved the all-stock merger on July 30, 2026, with closing targeted by year-end.
  • Holdings declared USD 0.30 per share in dividends in the quarter and held about 68% economic interest in AB.

Equitable Holdings, Inc. (NYSE: EQH) shares closed at USD 52.75 on October 23, 2026, down 4.16%. The company's most recent quarterly report on file is its Form 10-Q for the period ended June 30, 2026, filed on August 6, and it describes a pending merger with Corebridge Financial.

Equitable Holdings is a Delaware corporation headquartered at 1345 Avenue of the Americas in New York. It describes itself as a leading financial services company providing retirement, wealth protection and wealth transfer solutions, along with investment management. It reports three segments, Retirement, Asset Management and Wealth Management, and the Asset Management segment reflects AllianceBernstein, in which it held an economic interest of approximately 68% at June 30, 2026. Its fiscal year ends December 31.

Second Quarter 2026 Results

Equitable Holdings reported total revenues of USD 1,658 million for the three months ended June 30, 2026, compared with USD 2,362 million a year earlier. Investment management and service fees were USD 1,328 million against USD 1,272 million, and other income was USD 359 million against USD 294 million.

The loss from continuing operations before income taxes was USD 493 million, compared with USD 363 million. Net loss attributable to Holdings was USD 453 million against USD 349 million, and net loss available to common shareholders was USD 466 million, or USD 1.68 per share, against USD 367 million, or USD 1.21. The change in market risk benefits and purchased market risk benefits was a USD 1,001 million benefit against USD 606 million.

For the six months, total revenues were USD 5,888 million against USD 6,938 million. Net income attributable to Holdings was USD 168 million, against a net loss of USD 286 million, and net income available to common shareholders was USD 141 million, or USD 0.50 per diluted share, against a loss of USD 318 million, or USD 1.04.

Corebridge Merger

On March 26, 2026, Holdings entered into an Agreement and Plan of Merger with Corebridge Financial, Inc. and newly formed Corebridge subsidiaries. The parties agreed to an all-stock merger to combine their businesses, with a new Corebridge holding company surviving as the parent of both and changing its name to Equitable Holdings, Inc. at closing.

On July 30, 2026, stockholders of both companies voted to approve all stockholder proposals needed to complete the transaction at their special meetings. The companies state that closing is targeted by the end of 2026, subject to customary closing conditions, including required regulatory approvals.

Capital Activity and Prior Transactions

In the six months, Holdings purchased treasury shares for USD 513 million and paid USD 27 million of preferred stock dividends. It made no purchases of AllianceBernstein units, against USD 758 million in the prior-year period. Cash dividends declared were USD 0.30 per common share in the quarter, and weighted average diluted shares were 278.3 million.

On July 31, 2025, Equitable Financial and its affiliates completed a reinsurance transaction with RGA, ceding a 75% quota share of their in-force individual life insurance block and Closed Block, effective April 1, 2025. Individual Life and Employee Benefits results are reported in Corporate and Other.

What the Filing Cautions

The forward-looking statements in the filing name risks including the ability to repurchase shares within the expected timing, the ability to complete the Corebridge transaction on the anticipated timeframe and terms, integration difficulties and the realization of anticipated synergies. These are factors the company lists rather than outcomes.