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Equitable Holdings EQH Asset Management — All other operating expense

Other segment segments

Wealth Management
$1.68B+8.6%
Retirement
$789M

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Other financials

Income statement

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Revenue$1.7B-29.8%
Net income-$453.0M-29.8%
EPS (diluted)-$1.68-38.8%

Balance sheet

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Cash & equivalents$17.2B+14.9%
Total debt$3.8B-11.4%
Total equity-$785.0M-168%
Total assets$334.66B+10.4%

Cash flow

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Operating cash flow$643.0M+88.6%

Valuation

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Market cap$14B-9.3%
Enterprise value$658.75M-86.3%
P/S1.3×+0.2×

Profitability

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Net margin-5.9%

Returns & leverage

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Return on equity-42%
Debt / equity14.1×+12.3×

Where this comes from

Reported directly by Equitable Holdings in its filing.

Tagged under the XBRL concept us-gaap:SupplementaryInsuranceInformationOtherOperatingExpense.

The source filing: Equitable Holdings’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 3:26 PM EST
Fiscal year
FY2025
Accession
0001333986-26-000012
Line itemRetirementAsset ManagementWealth ManagementCorporate and OtherElim-inationsTotal
Policyholders’ account balances118,53714,896133,433
Future policy benefits and other policyholders’ liabilities5,31812,34217,660
Policy charges and premium revenue1,2171,9973,214
Net derivative gains (losses)(2,268)(29)22319(2,055)
Net investment income (loss)4,29420127851235,234
Policyholders’ benefits and interest credited2,8962,5155,411
Amortization of deferred policy acquisition costs591198789
All other operating expenses (1)7893,4931,6831,644(951)6,658

Item 8. Financial Statements and Supplementary Data

FAQ

What is Equitable Holdings's asset management — all other operating expense?
Equitable Holdings (EQH) reported asset management — all other operating expense of $873.25M in Q4 2025.
How has Equitable Holdings's asset management — all other operating expense changed year-over-year?
Equitable Holdings's asset management — all other operating expense increased by 3.8% year-over-year, from $841M to $873.25M.
What is the long-term trend for Equitable Holdings's asset management — all other operating expense?
Over 4 years (2021 to 2025), Equitable Holdings's asset management — all other operating expense has grown at a 1.9% compound annual growth rate (CAGR), from $3.24B to $3.49B.
What does asset management — all other operating expense mean?
This represents the residual operating costs incurred by the asset management segment that are not captured in specific line items like commissions or compensation. It typically includes overhead, technology infrastructure, administrative costs, and general corporate allocations. Monitoring this helps assess the operational efficiency and cost discipline of the investment management business.

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