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Equitable Holdings EQH Momentum — Deferred Policy Acquisition Costs, Amortization Expense

Other product segments

SCS
$97M+21.3%
GMxB Core
$40M+5.3%
VUL
$18M+5.9%
GMxB Legacy
$14M0.0%
EG
$12M+9.1%
Term
$9M0.0%
IE
$7M+16.7%
EI
$3M+50.0%
IUL
$3M0.0%
UL
$3M0.0%
CB
$2M0.0%

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APOTraditional Deferred Annuities — Deferred Policy Acquisition Costs, Amortization Expense
$105M+29.6%
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CINFDeferred Fixed Annuity — Deferred Policy Acquisition Costs, Amortization Expense
$1M0.0%
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APOFunding Agreements — Deferred Policy Acquisition Costs, Amortization Expense
$7M+40.0%

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

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:DeferredPolicyAcquisitionCostAmortizationExpense.

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 / GMx B CoreSix Months Ended June 30, 2026 / Retirement / EISix Months Ended June 30, 2026 / Retirement / IESix Months Ended June 30, 2026 / Retirement / SCSSix Months Ended June 30, 2026 / Retirement / EGSix Months Ended June 30, 2026 / Retirement / MomentumSix Months Ended June 30, 2026 / Corporate and Other / TermSix Months Ended June 30, 2026 / Corporate and Other / ULSix Months Ended June 30, 2026 / Corporate and Other / VULSix Months Ended June 30, 2026 / Corporate and Other / IULSix Months Ended June 30, 2026 / Corporate and Other / GMx B LegacyCorporate and Other / CBTotal
(in millions)
Balance, beginning of period$1,587$153$273$2,274$789$79$288$167$1,143$181$472$98$7,504
Capitalization63541373305265739594
Amortization (1)(81)(6)(13)(192)(24)(8)(17)(6)(35)(6)(29)(4)(421)
Recovery of acquisition costs (2)(42)(8)(3)(4)(1)(58)
Balance, end of period$1,569$152$301$2,413$795$76$265$164$1,161$177$452$94$7,619

Item 1. Consolidated Financial Statements

FAQ

What is Equitable Holdings's momentum — deferred policy acquisition costs, amortization expense?
Equitable Holdings (EQH) reported momentum — deferred policy acquisition costs, amortization expense of $4M in Q2 2026.
How has Equitable Holdings's momentum — deferred policy acquisition costs, amortization expense changed year-over-year?
Equitable Holdings's momentum — deferred policy acquisition costs, amortization expense decreased by 0.0% year-over-year, from $4M to $4M.
What is the long-term trend for Equitable Holdings's momentum — deferred policy acquisition costs, amortization expense?
Over 3 years (2021 to 2025), Equitable Holdings's momentum — deferred policy acquisition costs, amortization expense has grown at a -13.3% compound annual growth rate (CAGR), from $23M to $15M.
What does momentum — deferred policy acquisition costs, amortization expense mean?
This represents the periodic expense recognized as deferred policy acquisition costs are systematically written off over the expected life of the insurance contracts. It reflects the matching of acquisition expenses with the revenue generated by the policies over time. High amortization expenses can impact short-term earnings, even if the underlying business remains profitable.

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