04:10 PM EDT, 03/26/2026 (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 and CRBG announced an all-stock merger closing by end-2026, with CRBG shareholders owning 51% and EQH shareholders 49% of the combined entity. Each CRBG share exchanges for one new share, while each EQH share receives 1.55516 shares of the combined company. We believe this deal makes strategic sense despite execution and integration risks, as it could create a more significant market participant with enhanced competitive positioning. Management outlined five key rationales: scale (12M customers, $1.5T AUM/A), complementary distribution capabilities, income diversification (44% spread, 44% fee, 13% underwriting), financial strength (440% RBC ratio), and immediate EPS accretion with $500M in annual expense saves by end-2028. We expect the combined entity to emerge as a top-five producer in core life insurance, wealth, and retirement markets. This transaction is also positive for AB, as it includes a $100B asset inflow from CRBG invested assets.