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Equitable Holdings EQH GMxB Core — Guaranteed minimum credit rating

Discontinued — last reported Q1 '23

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PFGVariable Annuity — Policyholder Account Balance Guaranteed Minimum Credit Rating
$0.040.0%
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METAnnuities and Risk Solutions — Range of Guaranteed Minimum Credit Rating
$0.040.0%
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PRUIndividual Fixed — Policyholder Account Balance, Guaranteed Minimum Credit Rating
$0.040.0%
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PFGDeferred Fixed Annuity — Policyholder Account Balance Guaranteed Minimum Credit Rating
$0.040.0%
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METGroup Life — Range of Guaranteed Minimum Credit Rating
$0.040.0%
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CRBGGroup Retirement — Minimum credit rating (as a percent)

Other financials

Income statement

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Revenue$4.2B-7.6%
Net income$621.0M+886%
EPS (diluted)$2.14+1,238%

Balance sheet

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Cash & equivalents$9.9B+21.3%
Total debt$3.8B-11.4%
Total equity$273.0M-88.6%
Total assets$310.38B+8.0%

Cash flow

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Operating cash flow$499.0M+216%

Valuation

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Market cap$12.75B-34.9%
Enterprise value$6.68B-64.1%
P/S1.1×-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:PolicyholderAccountBalanceGuaranteedMinimumCreditRating.

The official record: Equitable Holdings’s 10-Q, filed May 9, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Equitable Holdings's gmxb core — guaranteed minimum credit rating?
Equitable Holdings (EQH) reported gmxb core — guaranteed minimum credit rating of $0.03 in Q1 2023.
What does gmxb core — guaranteed minimum credit rating mean?
The credit risk assessment of the assets backing guaranteed minimum benefit products.
How do you interpret gmxb core — guaranteed minimum credit rating?
A higher credit rating indicates lower default risk and higher asset quality, while a lower rating suggests increased credit risk exposure.
How does gmxb core — guaranteed minimum credit rating compare across companies?
Similar to credit quality metrics for general account assets or fixed income portfolios at other life insurance and annuity providers.