Equitable Reports Q2 Earnings with Decline in Operating EPS Amid Mortality Claims
Equitable (EQH) reported second-quarter non-GAAP operating earnings of $1.10 per share, a 23% decline year-over-year due to elevated individual life mortality claims and lower equity market levels. The company highlighted progress on strategic initiatives including a reinsurance transaction with RGA that freed over $2 billion in capital.
Tickers: $EQH
Topics: capital management insurance operating earnings reinsurance transaction