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EQH-News
EQH-Events
Corebridge and Equitable Merger Approved by Shareholders
Corebridge Financial (CBRG) and Equitable Holdings, Inc. (EQH) announced that the stockholders of both companies voted to approve the previously announced merger between the two companies at their respective special meetings of stockholders held earlier today. Based on preliminary vote counts, approximately 99.96% of Corebridge and 97.24% of Equitable stockholder votes cast were in favor of the proposed merger, representing approximately 82.14% and 85.84% of outstanding shares, respectively. The transaction remains subject to regulatory approval and the satisfaction of other customary closing conditions and is expected to close by year-end 2026.
Equitable Holdings Declares Quarterly Cash Dividend of $0.30 per Share
Equitable Holdings announced that its Board of Directors has declared a quarterly cash dividend of 30c per share of common stock. The dividend on the common stock will be payable June 8, 2026, to shareholders of record at the close of business on June 1, 2026.
Corebridge and Equitable Holdings Announce Leadership Team Post-Merger
Corebridge (CRBG) and Equitable Holdings (EQH) announced the leadership team for the future combined company, effective upon completion of the previously announced merger. Today, the company announced the following leaders will report to Chief Executive Officer Marc Costantini upon close: As previously announced, Robin M. Raju will serve as Chief Financial Officer of the combined company, with responsibility for financial reporting, asset-liability management, strategic financial planning, M&A and investor relations, in addition to key capital management initiatives that drive growth and shareholder value. He will also oversee investment management for the combined company's separate account funds. Jeffrey J. Hurd will serve as Chief Operating Officer and Chief Human Resources Officer, overseeing client and advisor support and service operations, human resources, marketing, communications and corporate services for the combined company. Polly Klane will serve as General Counsel and Chief Legal Officer, overseeing all legal, compliance, board governance, regulatory and governmental affairs for the combined company. Seth Bernstein will continue to serve as Chief Executive Officer of AllianceBernstein, the combined company's global asset management business serving institutional, high-net-worth and retail investors. Onur Erzan, who was recently appointed President of AllianceBernstein and leads the firm's Private Wealth Management, Global Asset Management Distribution and Global Private Alternatives businesses, will also join the combined company's leadership team. David Ditillo will serve as Chief Information Technology Officer, leading the combined company's aspiration to enhance the customer experience through technology and digital solutions. Mr. Ditillo currently serves as Chief Information Officer for Corebridge, a role he has held since 2020, and also oversees resiliency and physical security for the company. Prior to this, he spent two decades at MetLife. Julia Zhang will serve as Chief Risk Officer, responsible for the combined company's Enterprise Risk Management function to protect the new company's balance sheet, while supporting growth. She will also have administrative oversight of the Audit function. Ms. Zhang is currently Chief Risk Officer for Equitable Holdings and has been with the company for nearly two decades, previously serving as Head of Treasury and Derivatives.
Strong Q1 Results with Non-GAAP EPS of $1.62
"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.
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