Equitable Holdings Inc (FRA:AXJ)
€ 43.6 -0.6 (-1.36%) Market Cap: 13.87 Bil Enterprise Value: 11.68 Bil PE Ratio: 0 PB Ratio: 8.88 GF Score: 82/100
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Axa Equitable Holdings Inc at Goldman Sachs U.S. Financial Services Conference Transcript

Dec 11, 2019 / 01:40PM GMT
Release Date Price: €21.8 (-0.91%)
Taylor Alexander Scott
Goldman Sachs Group Inc., Research Division - Equity Analyst

We'll go ahead and get started. Yes, I'd first like to say thank you for being here. We have Anders Malmström from AXA Equitable Holdings. He's the CFO.

Questions & Answers

Taylor Alexander Scott
Goldman Sachs Group Inc., Research Division - Equity Analyst

And -- so maybe if we could just start with a general update on the objectives around the time of the IPO and just how it's all progressing, what you're focused on looking forward.

Anders Bjorn MalmstrÃ;m
AXA Equitable Holdings, Inc. - Senior EVP & CFO

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Yes. So good morning, everybody. So yes, look, we IPO-ed, I think, a little bit more than 18 months ago. We had some clear objectives over the first 3 years. We want to grow the earnings by 5% to 7%. We'll now have a capitalization at about -- above CTE98 for VAs and the 350 to 400 RBC for non-VAs.

Want to get back about -- at the beginning, we said between 40% and 60%, we -- and then

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