Equitable Holdings, Inc. (AXJ)

Overview

Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company on a global scale. It provides a broad array of financial products and services across six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy. Initially known as AXA Equitable Holdings, Inc., the company underwent a name change to Equitable Holdings, Inc. in January 2020, marking a new chapter in its long history since its founding in 1859. Based in New York, New York, Equitable Holdings has established itself as a trusted provider in the financial sector, catering to the needs of affluent individuals, educational entities, small and medium-sized businesses, and not-for-profit organizations among others.

Products and Services

• Individual Retirement: This segment focuses on offering affluent and high net worth individuals a robust suite of variable annuity products. These financial vehicles are designed to help individual investors secure their retirement income, balancing growth potential with the risk of market fluctuations.
• Group Retirement: Equitable Holdings caters to educational entities, municipalities, not-for-profit entities, and small to medium-sized businesses by providing tax-deferred investment and retirement services. These services are tailored to support group plans, fostering a culture of saving and financial preparedness among employees and members.
• Investment Management and Research: A diverse range of investment management, research, and related services are offered to clients through institutional channels. This segment is committed to delivering strategic, research-backed investment solutions that meet the unique goals and risk profiles of its institutional clients.
• Protection Solutions: The company addresses the need for comprehensive life insurance coverage through its Protection Solutions segment. Offering variable universal life (VUL) and indexed universal life (IUL) insurance, among other term life insurance options, it also extends employee benefits to small and medium-sized businesses, including dental, vision, life, and short- and long-term disability insurance products.
• Wealth Management: With services that range from discretionary and non-discretionary investment advisory accounts to financial planning and advice, this segment is dedicated to helping clients manage and grow their wealth. It also offers life insurance and annuity products, underscoring its role in clients’ broader financial planning strategies.
• Legacy: This segment encompasses the capital-intensive fixed-rate GMxB business, which includes return of premium (ROP) death benefits. Though no longer a focus for new business, it represents an aspect of Equitable Holdings’ commitment to its long-standing contractual obligations and heritage products.