Equitable names Vincent Xuan as new head of life insurance

NEW YORK - Equitable Holdings, Inc. (NYSE:EQH), a $15.3 billion market cap financial services company with "GOOD" financial health according to InvestingPro analysis, has appointed Vincent Xuan as the new Head of Life Insurance for Equitable, according to a press release statement issued by the company.

Xuan, who currently serves as Equitable’s Chief Actuary, will take over the position previously held by Kurt Meyers, who has been promoted to Chief Legal Officer and Corporate Secretary of Equitable Holdings.

In his current role, Xuan oversees GAAP, statutory and economic valuation, experience studies, model development, and product and reinsurance pricing for the company’s insurance businesses. He also serves as the CEO of Equitable Financial Bermuda Re.

Xuan brings 20 years of experience in valuation, modeling, pricing, and enterprise risk management to his new position. Before joining Equitable, he served as Chief Actuary and Chief Risk Officer at Prosperity Life Group and held various senior leadership roles at Prudential.

The leadership changes come as Meyers, a six-year veteran of the company, steps into the role of Chief Legal Officer, succeeding José Ramón González, who is leaving Equitable Holdings to pursue new opportunities. Meyers will lead the law department with responsibility for all legal, compliance, regulatory, and governmental affairs at Equitable Holdings.

Equitable Holdings, with more than $1 trillion in assets under management and administration as of June 30, 2025, provides retirement and protection strategies to individuals, families, and small businesses through its complementary businesses: Equitable, AllianceBernstein, and Equitable Advisors.

In other recent news, Equitable Holdings Inc. reported its second-quarter 2025 earnings with a mixed performance. The company exceeded expectations with an adjusted non-GAAP earnings per share (EPS) of $1.41, surpassing the forecast of $1.33. However, Equitable’s revenue of $2.36 billion significantly missed the anticipated $3.23 billion, resulting in a 26.93% surprise miss. In addition to its earnings report, Equitable introduced a new annuity product, Structured Capital Strategies Premier, which offers enhanced growth potential and downside protection. This product includes 120 investment options tied to indices like the S&P 500 and features such as "Best Entry" and "Dual Step Tier" for better investment outcomes.

Analyst firms have made adjustments to their outlook on Equitable Holdings. BMO Capital reduced its price target for the company to $70, citing lowered earnings expectations in the Individual Retirement segment. Evercore ISI also decreased its price target to $63 following the earnings report, adjusting their estimates for the second half of 2025 and 2026. Similarly, Wells Fargo lowered its price target to $63 after discussions with Equitable executives about future financial targets. Despite these revisions, both BMO Capital and Evercore ISI maintain an Outperform rating, while Wells Fargo continues with an Overweight rating on the stock.

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