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Equitable Holdings EQH Group Pension — Impact of flooring LFPB at zero

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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 eqh:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitImpactOfFlooringAtZeroBeforeReinsurance.

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 itemSix Months Ended June 30, 2026 / Retirement / PayoutSix Months Ended June 30, 2026 / Corporate & Other / TermSix Months Ended June 30, 2026 / Corporate & Other / Group PensionSix Months Ended June 30, 2026 / Corporate & Other / HealthSix Months Ended June 30, 2025 / Retirement / PayoutSix Months Ended June 30, 2025 / Corporate & Other / TermSix Months Ended June 30, 2025 / Corporate & Other / Group PensionSix Months Ended June 30, 2025 / Corporate & Other / Health
Ending Balance at original discount rate5,5682,8974521,4105,1653,1234921,498
Effect of changes in discount rate assumptions(223)14(45)(180)(229)45(45)(187)
Balance, end of period$5,345$2,911$407$1,230$4,936$3,168$447$1,311
Impact of flooring LFPB at zero11
Net liability for future policy benefits5,3451,2024071,2524,9361,2874471,336
Less: Reinsurance recoverable(1,261)(889)(972)(1,027)2(1,044)
Net liability for future policy benefits, after reinsurance recoverable$4,084$313$407$280$3,909$1,289$447$292
Weighted-average duration of liability for future policyholder benefits (years)7.46.96.88.07.66.86.98.3

Item 1. Consolidated Financial Statements

FAQ

What is Equitable Holdings's group pension — impact of flooring LFPB at zero?
Equitable Holdings (EQH) reported group pension — impact of flooring LFPB at zero of $0 in Q2 2026.
What does group pension — impact of flooring LFPB at zero mean?
This metric quantifies the accounting impact of preventing the liability for future policy benefits from becoming negative. In certain scenarios, actuarial models might suggest a negative liability, which is floored at zero for balance sheet reporting. This indicates the degree of conservatism in the liability valuation.

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