Equitable (EQH) investor relations material

Strategic vision and growth drivers

• Focus on delivering exceptional customer experience through tailored solutions and broad product offerings.

• Competitive advantage built on distribution power, scale, and participation across insurance, asset management, and wealth management.

• Emphasis on resilience, consistency, and disciplined risk management to ensure long-term stability.

• Integration of insurance and asset management to capture synergies and enhance shareholder value.

Business segments and market position

• Operates three core growth engines: retirement, asset management, and wealth management.

• $262bn in retirement AUM, $839bn in asset management AUM, and $131bn in wealth management AUA as of Q1 2026.

• Leading provider in individual annuities, 403(b)/457 plans, and institutional solutions.

• AllianceBernstein is a top global active manager with a growing private markets platform.

Merger and financial impact

• Merger with Corebridge aims to capitalize on scale, increase cash flow, and improve profitability.

• Pro forma $30bn+ adjusted book value and $25bn+ statutory capital as of YE 2025.

• Projected 10%+ EPS and cash generation accretion, 15%+ adjusted ROE by 2027, and $5bn+ operating earnings run rate.

• Enhanced distribution across retail, institutional, and worksite channels, lowering cost of funds.