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Equitable Holdings EQH Gross Legacy — Separate Accounts liabilities

Other product segments

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EI
$5B+5.2%

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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:SeparateAccountsLiability.

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 itemJune 30, 2026December 31, 2025
Investment Edge5,6555,312
EQUI-VEST Group36,61833,714
Momentum5,4365,174
Corporate and Other
Variable Universal Life22,06620,383
GMxB Legacy28,36928,209
Other (1)8,5448,196
Total$143,006$136,544

Item 1. Consolidated Financial Statements

FAQ

What is Equitable Holdings's gross legacy — separate accounts liabilities?
Equitable Holdings (EQH) reported gross legacy — separate accounts liabilities of $28.37B in Q2 2026.
How has Equitable Holdings's gross legacy — separate accounts liabilities changed year-over-year?
Equitable Holdings's gross legacy — separate accounts liabilities increased by 0.3% year-over-year, from $28.28B to $28.37B.
What is the long-term trend for Equitable Holdings's gross legacy — separate accounts liabilities?
Over 2 years (2023 to 2025), Equitable Holdings's gross legacy — separate accounts liabilities has grown at a -7.9% compound annual growth rate (CAGR), from $133.09B to $112.84B.
What does gross legacy — separate accounts liabilities mean?
The total liabilities associated with separate accounts in the legacy segment, where the investment risk is primarily borne by the policyholder. These liabilities are backed by specific assets held in separate accounts.

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