What does legacy — policyholder account balance mean?

The total amount of money the company owes to policyholders in the legacy segment.

How do you interpret legacy — policyholder account balance?

A decrease indicates the natural runoff of the legacy block as policyholders withdraw funds or receive benefit payments.

How does legacy — policyholder account balance compare across companies?

Comparable to 'Policyholder Account Balances' or 'Insurance Contract Liabilities' at peer insurance companies.

Equitable Holdings EQH Legacy — Policyholder Account Balance

Discontinued — last reported Q1 '23

Other product segments

$10.88B-2.1%

VUL

$5.21B+4.5%

$4.89B-2.4%

$1.79B-10.2%

Momentum

$457M-10.4%

Similar metrics at other companies

PRUGroup Insurance — Policyholders’ account balances

$2.37B+0.2%

CBInsurance, Other — Policyholder Account Balance, excluding Unearned Revenue Liability

$2.69B+12.6%

AMPOther Life Insurance, Netting — Policyholder account balances

$437M-6.0%

CBInsurance, Other — Policyholders' account balances

$2.69B+12.6%

PRUTotal, including Other Businesses — Policyholder Account Balance, Unearned Revenue Reserve

$6.77B+12.4%

CRBGLife Insurance — Policyholder account balance

——

Other financials

Income statement

See full

Revenue$4.2B-7.6%

Net income$621.0M+886%

EPS (diluted)$2.14+1,238%

Balance sheet

See full

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

See full

Operating cash flow$499.0M+216%

Valuation

See full

Market cap$12.75B-34.9%

Enterprise value$6.68B-64.1%

P/S1.1×-0.2×

Profitability

See full

Net margin-5.9%—

Returns & leverage

See full

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:PolicyholderFunds.

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 legacy — policyholder account balance?: Equitable Holdings (EQH) reported legacy — policyholder account balance of $685M in Q1 2023.
What does legacy — policyholder account balance mean?: The total amount of money the company owes to policyholders in the legacy segment.
How do you interpret legacy — policyholder account balance?: A decrease indicates the natural runoff of the legacy block as policyholders withdraw funds or receive benefit payments.
How does legacy — policyholder account balance compare across companies?: Comparable to 'Policyholder Account Balances' or 'Insurance Contract Liabilities' at peer insurance companies.