What is Equitable Holdings's legacy — policyholders’ benefits?

Equitable Holdings (EQH) reported legacy — policyholders’ benefits of $0 in Q2 2025.

What does legacy — policyholders’ benefits mean?

The total cost of claims and benefits paid to policyholders in the legacy business segment.

How do you interpret legacy — policyholders’ benefits?

A decrease is generally favorable as it indicates lower claim activity, while an unexpected increase may signal adverse mortality or morbidity trends.

How does legacy — policyholders’ benefits compare across companies?

Comparable to 'Policy Benefits' or 'Claims Incurred' in the closed-block segments of peer insurance companies.

Equitable Holdings EQH Legacy — Policyholders’ benefits

Discontinued — last reported Q2 '25

Other segment segments

Retirement

$70M—

Asset Management

$0—

Wealth Management

$0—

Similar metrics at other companies

EGLegacy — Incurred losses and LAE

$316M-22.4%

EGLegacy — Underwriting Income (Loss)

-$22M-57.1%

EGLegacy — Commission and brokerage

$41M-6.8%

EGLegacy — Other underwriting expenses

$65M-36.9%

EGLegacy — Premiums earned

$399M-26.1%

AFGRun Off Long Term Care And Life — Supplementary Insurance Information Benefits Claims Losses And Settlement Expense

$6.5M-21.2%

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 eqh:PolicyholderBenefitsAndClaimsIncurredNetAdjusted.

The official record: Equitable Holdings’s 10-Q, filed August 11, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Equitable Holdings's legacy — policyholders’ benefits?: Equitable Holdings (EQH) reported legacy — policyholders’ benefits of $0 in Q2 2025.
What does legacy — policyholders’ benefits mean?: The total cost of claims and benefits paid to policyholders in the legacy business segment.
How do you interpret legacy — policyholders’ benefits?: A decrease is generally favorable as it indicates lower claim activity, while an unexpected increase may signal adverse mortality or morbidity trends.
How does legacy — policyholders’ benefits compare across companies?: Comparable to 'Policy Benefits' or 'Claims Incurred' in the closed-block segments of peer insurance companies.