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Equitable Holdings EQH Net Legacy — Issuances

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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:MarketRiskBenefitIssuance.

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 itemThree Months Ended June 30, 2026 / Retirement / GMx B CoreThree Months Ended June 30, 2026 / Corporate and Other / GMx B LegacyThree Months Ended June 30, 2026 / Corporate and Other / Legacy Purchased MRBThree Months Ended June 30, 2026 / Corporate and Other / Net LegacyThree Months Ended June 30, 2025 / Retirement / GMx B CoreThree Months Ended June 30, 2025 / Corporate and Other / GMx B LegacyThree Months Ended June 30, 2025 / Corporate and Other / Legacy Purchased MRBThree Months Ended June 30, 2025 / Corporate and Other / Net Legacy
Benefit payments(12)(263)116(147)(12)(285)128(157)
Actual policyholder behavior different from expected behavior617(6)11722(14)8
Changes in future economic assumptions(49)(78)76(2)(42)(232)140(92)
Issuances(2)
Balance EOP before changes in the instrument-specific credit risk3226,935(4,705)2,2303858,486(5,531)2,955
Changes in the instrument-specific credit risk (2)281421(5)416268326(10)316
Balance, end of period$603$7,356$(4,710)$2,646$653$8,812$(5,541)$3,271
Weighted-average age of policyholders (years)66.874.674.0N/A65.974.073.4N/A

Item 1. Consolidated Financial Statements

FAQ

What is Equitable Holdings's net legacy — issuances?
Equitable Holdings (EQH) reported net legacy — issuances of $0 in Q2 2026.
What is the long-term trend for Equitable Holdings's net legacy — issuances?
Over 4 years (2021 to 2025), Equitable Holdings's net legacy — issuances has grown at a -100.0% compound annual growth rate (CAGR), from -$11.15B to $0.
What does net legacy — issuances mean?
This metric tracks the volume of new legacy-style contracts or benefits issued during the period. For a legacy segment, this is typically low or zero as the business is often in run-off. It helps investors understand if the segment is truly closed or if new liabilities are still being added.

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