---
title: "Research Alert: Eqh Q1 Eps Beat Consensus; Corebridge Merger & Strategic Shift Ongoing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285127633.md"
description: "CFRA reports that EQH's Q1 2026 operating EPS was $1.62, beating the consensus of $1.61 but below their estimate of $1.85. Operating revenues fell 3%, missing growth forecasts due to declines in policy fees and premiums. EQH's merger with Corebridge Financial is set to close by year-end 2026, with EQH shareholders owning 49% of the new entity. An investor call is scheduled for May 5 to discuss strategic direction and M&A plans. EQH's recent life reinsurance transaction supports a shift to a fee-based model, with Nick Chan appointed as Head of M&As."
datetime: "2026-05-04T21:45:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285127633.md)
  - [en](https://longbridge.com/en/news/285127633.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285127633.md)
---

# Research Alert: Eqh Q1 Eps Beat Consensus; Corebridge Merger & Strategic Shift Ongoing

05:45 PM EDT, 05/04/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

EQH posted Q1 2026 operating EPS of $1.62 versus $1.30 a year ago, beating the $1.61 consensus view but lagging our $1.85 estimate. Operating revenues declined 3%, missing our forecast of 3% to 8% growth, driven by a 33% drop in policy fee revenues and 21% decline in premiums despite higher investment income and asset management fees. We view positively EQH's announced merger with Corebridge Financial (CRBG 27 NR) in an all-stock transaction closing by year-end 2026, where EQH shareholders will own 49% of the combined entity and receive 1.55516 shares per EQH share, with board representation evenly split. EQH expects an investor call update on May 5 regarding its strategic direction and M&A plans. We believe EQH's July 2025 life reinsurance transaction that freed up $2B in capital and reduced mortality exposure by 75% supports its shift to a more fee-based model, with the appointment of Nick Chan as Head of M&As signaling continued growth via acquisition as a key strategy.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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