Equitable Holdings, Inc. (NYSE:EQH) Q3 2022 Earnings Conference Call November 3, 2022 8:00 AM ET

Company Participants

Isil Muderrisoglu – Head of IR

Mark Pearson - President and CEO

Nick Lane – President, Equitable

Robin Raju – Chief Financial Officer

Kate Burke - COO and CFO, AllianceBernstein Corporation

Conference Call Participants

Elyse Greenspan - Wells Fargo

Jamminder Singh Bhullar - J.P. Morgan

Ryan Krueger - Keefe, Bruyette, & Woods

Nigel Dally - Morgan Stanley

Alexander Scott - Goldman Sachs

Tracy Dolin-Benguigui - Barclays Bank

Suneet Kamath - Jefferies

Operator

Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Equitable Holdings, Incorporated Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks there will be a question-and-answer session. [Operator Instructions]. I would now like to turn the conference over to Isil Muderrisoglu, Head of Investor Relations. Please go ahead.

Isil Muderrisoglu

Thank you. Good morning and welcome to Equitable Holdings third quarter 2022 earnings call. Materials for today's call can be found on our website at ir.equitableholdings.com. Before we begin, I would like to note that some of the information we present today is forward-looking and subject to certain SEC rules and regulations regarding disclosure. Our results may materially differ from those expressed in or indicated by such forward-looking statements. So I'd like to refer you to the Safe Harbor language on Slide 2 of our presentation for additional information.

Joining me on today's call is Mark Pearson, President and Chief Executive Officer of Equitable Holdings; Robin Raju, our Chief Financial Officer; Nick Lane, President of Equitable Financial; and Kate Burke, AllianceBernstein's Chief Operating Officer and Chief Financial Officer. During this call, we will be discussing certain financial measures that are not based on generally accepted accounting principles, also known as non-GAAP measures. Reconciliation of these non-GAAP measures to the most directly comparable GAAP measures and related definitions may be found on the Investor Relations portion of our website, in our earnings release, slide presentation, and financial supplement. I would now like to turn the call over to Mark and Robin for their prepared remarks.

Mark Pearson

Good morning and thank you for joining today's call. Conditions remain challenging with equities falling for a third consecutive quarter, and at the same time, bond markets providing their worst returns in 40 years. While our earnings are not immune to markets, our capital ratios are robust, and we remain focused on what we can control. Against this backdrop, our clients' need for advice, income, and protection has been heightened. Equitable is uniquely positioned to meet these demands with our integrated businesses and a conservative balance sheet.