Equitable reports record assets as Loblaw increases EQB Inc. stake

Equitable highlighted its business momentum and strategic plans, including a planned merger of equals with Corebridge, during its 2026 annual meeting of stockholders. CEO Mark Pearson reported that assets under management and administration reached a record $1.2 trillion as of June 30, a 10% increase from the previous year. The company also noted non-GAAP earnings per share growth of 25% during the first half of 2026.

Separately, Loblaw Companies Limited has been actively acquiring shares of EQB Inc. through multiple transactions throughout August and September 2026. Recent purchases include 16,000 shares on September 24 and 8,000 shares on September 25. Following these acquisitions, Loblaw's total ownership in EQB Inc. stands at approximately 1,780,100 shares, valued at roughly C$226 million.