Mick Anita's questions to Equitable Holdings Inc (EQH) leadership • Q3 2024
Question
Mick Anita questioned the company's plan for its strong capital buffer, which has been elevated for two years, asking what would trigger a reduction. He also asked about the pickup in total surrenders within the Individual Retirement segment during the quarter.
Answer
CFO Robin Raju explained that the strong capital position supports growth initiatives while maintaining the 60-70% payout ratio. He noted the current $2 billion cash balance is temporarily elevated and will be reduced toward target levels over time in a disciplined manner. Regarding surrenders, he stated that a modest increase is normal in the current rate environment and not a cause for concern, highlighting the segment's positive $1.9 billion net flows.