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Business segment results

Learn more about how our business segments support our mission to help clients secure their financial well-being so they can pursue long and fulfilling lives.

Individual Retirement $7.2bn First Year Premium

Group Retirement $296m Net flows

AllianceBernstein $14.9bn Active net flows ¹

Protection Solutions $2.9bn Gross Written Premiums

¹ Full year 2020 net flows exclude expected low-fee AXA redemptions of $11.8 billion.

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Our businesses

Our network of more than 4,000 financial professionals nationwide provide advice and solutions that help our 2.8 million clients across pre-retirees, educators and small businesses so that they can look ahead to their futures with confidence.

Individual Retirement

In Individual Retirement, where we are a leading provider of variable annuity products to individuals saving for retirement and looking for protected equity or seeking guaranteed income, we grew retail sales by 19% year-over-year in our flagship buffered annuity product, Structured Capital Strategies (“SCS”). SCS saw record sales in the fourth quarter, demonstrating demand for solutions providing upside potential and downside protection.

Group Retirement

In our Group Retirement segment, which offers tax-deferred investment and employer-sponsored solutions for sponsored plans, consisting primarily of educators, and other public-sector employees, as well as small-to-medium-size businesses, full year net flows of $296 million were up 11% year-over-year. And 2020 marked the eighth straight year of positive flows in this business. Our Semester Strategies portfolios feature automatic asset rebalancing and exhibited favorable performance in the year while reducing risk and lowering fees.

AllianceBernstein

At AllianceBernstein, a leading provider of diversified investment management, research and related services to a broad range of clients around the world, AUM grew 10% supported by $14.9 billion in active net inflows and record sales in Institutional and Private Wealth Management. AB navigated challenging market conditions to deliver strong results across a broad array of asset classes, geographies and distribution channels, helping clients meaningfully retain and grow their assets.

Protection Solutions

In Protection Solutions, where we provide a suite of individual, as well as group products to high-net-worth and affluent individuals as well as small business markets, Gross Written Premiums were $2.9 billion. The segment’s results were primarily driven by our growing Employee Benefits business, which now has nearly 500,000 enrollees, as well as a shift to less capital-intensive accumulation products.

Details 10/24/2020

Equitable Holdings, Inc. (NYSE; EQH) comprises two complementary and well-established principal franchises, Equitable Financial Life Insurance Company and AllianceBernstein. Annuity and life insurance products are issued by Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY), which was established in 1859, and life insurance products are issued by Equitable Financial Life insurance Company of America (Equitable America), an AZ stock corporation headquartered in Jersey City, NJ. Financial Professionals are registered with associated broker-dealers, including Equitable Advisors, LLC (member FINRA, SIPC). The obligations of Equitable Financial and Equitable America are backed solely by their own claims-paying abilities.