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Equitable Holdings EQH Gross Legacy — Actual market movement effect

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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:MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange.

The source filing: Equitable Holdings’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 2:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001333986-26-000040
Line itemThree Months Ended June 30, 2026 / Retirement / GMx B CoreThree Months Ended June 30, 2026 / Corporate and Other / GMx B LegacyThree Months Ended June 30, 2026 / Corporate and Other / Legacy Purchased MRBThree Months Ended June 30, 2026 / Corporate and Other / Net LegacyThree Months Ended June 30, 2025 / Retirement / GMx B CoreThree Months Ended June 30, 2025 / Corporate and Other / GMx B LegacyThree Months Ended June 30, 2025 / Corporate and Other / Legacy Purchased MRBThree Months Ended June 30, 2025 / Corporate and Other / Net Legacy
Balance, beginning of period$806$8,335$(5,265)$3,070$717$9,505$(5,973)$3,532
Balance BOP before changes in the instrument specific credit risk5768,061(5,256)2,8054959,336(5,957)3,379
Model changes and effect of changes in cash flow assumptions16(7)8513
Actual market movement effect(339)(1,018)445(573)(173)(620)264(356)
Interest accrual1466(43)231096(58)38
Attributed fees accrued (1)110150(37)113109161(39)122
Benefit payments(12)(263)116(147)(12)(285)128(157)
Actual policyholder behavior different from expected behavior617(6)11722(14)8

Item 1. Consolidated Financial Statements

FAQ

What is Equitable Holdings's gross legacy — actual market movement effect?
Equitable Holdings (EQH) reported gross legacy — actual market movement effect of -$1.02B in Q2 2026.
How has Equitable Holdings's gross legacy — actual market movement effect changed year-over-year?
Equitable Holdings's gross legacy — actual market movement effect decreased by 64.2% year-over-year, from -$620M to -$1.02B.
What is the long-term trend for Equitable Holdings's gross legacy — actual market movement effect?
Over 2 years (2021 to 2025), Equitable Holdings's gross legacy — actual market movement effect has grown at a -45.2% compound annual growth rate (CAGR), from -$3.03B to -$909M.
What does gross legacy — actual market movement effect mean?
Captures the direct impact of market fluctuations, such as changes in equity indices or interest rates, on the valuation of market risk benefit liabilities. This metric isolates the volatility driven by external financial markets rather than internal operational or behavioral changes. It is essential for understanding the market sensitivity of the legacy product block.

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