What is Equitable Holdings's other — net direct MRB?

Equitable Holdings (EQH) reported other — net direct MRB of $14M in Q2 2023.

What does other — net direct MRB mean?

The net financial impact of market-sensitive insurance guarantees on the company's earnings.

How do you interpret other — net direct MRB?

Lower volatility in this metric indicates effective hedging strategies, while high fluctuations suggest significant exposure to market movements.

How does other — net direct MRB compare across companies?

Similar to 'Net MRB impact' or 'Change in MRB liability' reported by major life insurers with significant variable annuity blocks.

Equitable Holdings EQH Other — Net Direct MRB

Discontinued — last reported Q2 '23

Similar metrics at other companies

PRUIndividual Fixed — Net liability

$195M—

PRUTotal — Less: Reinsured MRBs

$870M+18.4%

PRUAnnuities — Less: Reinsured MRBs

$870M+18.4%

CBLong-Duration Insurance, Other — Market Risk Benefit, Net Amount at Risk

$1.4B-15.2%

CRBGGroup Retirement — Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk

——

CRBGIndividual Retirement — MRB in an asset position

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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:MarketRiskBenefitNetDirect.

The official record: Equitable Holdings’s 10-Q, filed August 9, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Equitable Holdings's other — net direct MRB?: Equitable Holdings (EQH) reported other — net direct MRB of $14M in Q2 2023.
What does other — net direct MRB mean?: The net financial impact of market-sensitive insurance guarantees on the company's earnings.
How do you interpret other — net direct MRB?: Lower volatility in this metric indicates effective hedging strategies, while high fluctuations suggest significant exposure to market movements.
How does other — net direct MRB compare across companies?: Similar to 'Net MRB impact' or 'Change in MRB liability' reported by major life insurers with significant variable annuity blocks.