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Equitable Holdings EQH Asset Management — Net derivative gains (losses)

Other segment segments

Retirement
-$2.27B
Wealth Management
$0

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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:DerivativeGainLossOnDerivativeNet.

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 — net derivative gains (losses)?
Equitable Holdings (EQH) reported asset management — net derivative gains (losses) of -$7.25M in Q4 2025.
How has Equitable Holdings's asset management — net derivative gains (losses) changed year-over-year?
Equitable Holdings's asset management — net derivative gains (losses) decreased by 314.3% year-over-year, from -$1.75M to -$7.25M.
What is the long-term trend for Equitable Holdings's asset management — net derivative gains (losses)?
Over 4 years (2021 to 2025), Equitable Holdings's asset management — net derivative gains (losses) has grown at a 20.0% compound annual growth rate (CAGR), from -$14M to -$29M.
What does asset management — net derivative gains (losses) mean?
This reflects the net impact of changes in the fair value of derivative instruments used by the segment for hedging or investment purposes. These instruments are often used to manage market risks associated with investment portfolios or policyholder guarantees. It highlights the volatility inherent in the segment's risk management strategy.

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