Equitable Records $12 Billion in Hedging Gains

April 29, 2020 by Allison Bell

Equitable Holdings Inc. announced Monday that a $12 billion gain the value of its hedging arrangements will help it report $5.2 billion to $5.4 billion in net income for the first quarter.

Operating earnings will probably be about $500 million to $515 million, the New York-based life insurer said in an earnings preview.

Equitable is preparing to put out its full financial results for the first quarter May 5.

Equitable marks the value  of its investments, and of the derivatives used to support its annuities, to market every quarter. It includes the change in its assets value in its net quarterly earnings.

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Originally Posted at ThinkAdvisor on April 27, 2020 by Allison Bell.