Equitable Holdings Boosts AUM to $1.1T, Eyes $1.8B Organic Cash in 2026
Equitable Holdings ended 2025 with record $1.1T assets under management, up 10% year-over-year, and generated $1.6B in organic cash, targeting ~$1.8B in 2026. Wealth Management inflows reached $8.4B, hitting $200M earnings target two years early, and a life reinsurance deal unlocked $2B capital while cutting net mortality exposure 75%.
1. Full-year 2025 Financial Highlights
Equitable Holdings closed 2025 with assets under management and administration reaching $1.1 trillion, marking a 10% increase from 2024. The firm generated $1.6 billion in organic cash and set a target to grow this to approximately $1.8 billion in 2026.
2. Segment Growth Performance
Wealth Management achieved $8.4 billion in net inflows for the year, driving a $200 million earnings milestone two years ahead of schedule, while the Retirement segment contributed $5.9 billion in net flows. These results underscore strong client demand across the firm's core advice and retirement businesses.
3. Reinsurance Transaction and Strategic Outlook
A life reinsurance deal with Reinsurance Group of America released $2 billion of capital and reduced net mortality exposure by 75%. Despite elevated mortality claims constraining operating earnings growth to 1% and $11.3 billion in net outflows at AllianceBernstein, management is focused on narrowing the valuation gap and pursuing double-digit growth in its retirement and wealth units.