Equitable Holdings Plunges 7.68% on Revenue Miss

Equitable Holdings (NYSE:EQH) reported a 7.68% drop in pre-market trading on August 6, 2025, as the financial services company missed Wall Street’s revenue expectations for the second quarter of 2025.

Equitable Holdings reported a significant decline in revenue, with sales falling 34.7% year on year to $2.36 billion, far below analyst estimates of $3.98 billion. The company's non-GAAP profit of $1.10 per share was also 15.4% below analysts’ consensus estimates. This decline was primarily attributed to elevated mortality in the Individual Life block, which impacted the company's overall performance.

Despite the challenges, Equitable Holdings highlighted strong organic growth momentum in its Retirement and Wealth Management segments, with net flows of $1.9 billion and $2.0 billion respectively. The company also achieved strategic milestones, including the closure of an Individual Life reinsurance transaction with RGA, which created over $2 billion of value and strengthened the balance sheet.

Equitable Holdings' President and Chief Executive Officer, Mark Pearson, emphasized the company's focus on core growth drivers such as retirement, asset management, and wealth management. The proceeds from the reinsurance transaction are expected to drive significant shareholder value as the company redeploys the funds.