Equitable Holdings, Inc. (NYSE:EQH) Q4 2023 Earnings Conference Call February 7, 2024 8:00 AM ET

Company Participants

Erik Bass - Head of Investor Relations

Mark Pearson - President and Chief Executive Officer

Nick Lane - President, Equitable Financial

Onur Erzan - Head of AllianceBernstein's Global Client Group and Private Wealth business

Robin Raju - Chief Financial Officer

Conference Call Participants

Suneet Kamath - Jefferies

Elyse Greenspan - Wells Fargo

Ryan Krueger - KBW

Alex Scott - Goldman Sachs

Tom Gallagher - Evercore ISI

Jimmy Bhullar - JPMorgan

Wilma Burdis - Raymond James

Mark Hughes - Truist Securities

Mike Ward - Citi

Operator

Hello, and welcome to the Equitable Holdings, Inc. Full-Year and Fourth Quarter Earnings Call. [Operator Instructions] After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the call over to Erik Bass, Head of Investor Relations. Please go ahead.

Erik Bass

Thank you. Good morning, and welcome to Equitable Holdings full-year and fourth quarter 2023 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 differ materially from those expressed in or indicated by such forward-looking statements. Please refer 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; Bill Siemers, AllianceBernstein's Interim Chief Financial Officer; and Onur Erzan, Head of AllianceBernstein's Global Client Group and Private Wealth business.

During this call, we will be discussing certain financial measures that are not based on generally accepted accounting principles, known as non-GAAP measures. Reconciliations 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 will now turn the call over to Mark.

Mark Pearson

Good morning, and thank you for joining today's call. 2023 marked a momentous year for Equitable as we celebrated our fifth anniversary as a public company and hosted an inaugural Investor Day to tell our story and provide updated financial targets. We're very excited about the road ahead for Equitable Holdings. In our Retirement business, higher interest rates and favorable demographic trends while providing the best environment for growth in well over a decade. In Asset Management, AB continues to see strong client demand for private markets investments, and we're optimistic that stabilization of interest rates will lead to a resurgence in fixed income flows.