AXA Equitable Holdings, Inc. (EQH) Boosts Share Buyback Plan by $300M, Bringing Total Authorization to $800M

AXA Equitable Holdings, Inc. (NYSE: EQH) announced today that its Board of Directors has authorized a $300 million increase to its share repurchase program, bringing the total authorization to $800 million.

“We are pleased to announce the increase of our share repurchase program by $300 million,” said Mark Pearson, President and CEO of AXA Equitable Holdings. “We believe the total $800 million authorization further demonstrates the Board’s confidence in our ability generate profitable growth and underscores our commitment to returning capital to shareholders.”

Under this authorization, the Company may, from time to time, purchase shares of its common stock through various means including open market transactions, privately negotiated transactions (including share repurchases from AXA S.A.), forward, derivative, accelerated repurchase, or automatic share repurchase transactions, or tender offers. The $800 million share repurchase authorization expires on March 31, 2019 (unless extended), and does not obligate the company to purchase any shares. The authorization for the share repurchase program may be terminated, increased or decreased by the board of directors at any time. Under this program, the Company has already repurchased approximately $57 million through September 30, 2018.

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