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Equitable Holdings EQH Gross Legacy — Net amount at risk

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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:MarketRiskBenefitNetAmountAtRisk.

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
Actual policyholder behavior different from expected behavior617(6)11722(14)8
Changes in future economic assumptions(49)(78)76(2)(42)(232)140(92)
Issuances(2)
Balance EOP before changes in the instrument-specific credit risk3226,935(4,705)2,2303858,486(5,531)2,955
Changes in the instrument-specific credit risk (2)281421(5)416268326(10)316
Balance, end of period$603$7,356$(4,710)$2,646$653$8,812$(5,541)$3,271
Weighted-average age of policyholders (years)66.874.674.0N/A65.974.073.4N/A
Net amount at risk$2,799$13,628$6,145N/A$2,953$15,835$7,099N/A

Item 1. Consolidated Financial Statements

FAQ

What is Equitable Holdings's gross legacy — net amount at risk?
Equitable Holdings (EQH) reported gross legacy — net amount at risk of $13.63B in Q2 2026.
How has Equitable Holdings's gross legacy — net amount at risk changed year-over-year?
Equitable Holdings's gross legacy — net amount at risk decreased by 13.9% year-over-year, from $15.84B to $13.63B.
What is the long-term trend for Equitable Holdings's gross legacy — net amount at risk?
Over 2 years (2023 to 2025), Equitable Holdings's gross legacy — net amount at risk has grown at a -15.6% compound annual growth rate (CAGR), from $87.93B to $62.65B.
What does gross legacy — net amount at risk mean?
The difference between the death benefit or other guaranteed benefit amount and the current account value of the policy. This represents the potential financial exposure the company faces if all policyholders were to trigger their benefits simultaneously. It is a primary measure of insurance risk for variable annuity and legacy products.

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