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Equitable Holdings EQH Payout - Legacy — Impact of flooring LFPB at zero

Discontinued — last reported Q2 '24

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Other financials

Income statement

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Revenue$4.2B-7.6%
Net income$621.0M+886%
EPS (diluted)$2.14+1,238%

Balance sheet

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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

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Operating cash flow$499.0M+216%

Valuation

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Market cap$12.75B-34.9%
Enterprise value$6.68B-64.1%
P/S1.1×-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 eqh:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitImpactOfFlooringAtZeroBeforeReinsurance.

The official record: Equitable Holdings’s 10-Q, filed August 1, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Equitable Holdings's payout - legacy — impact of flooring LFPB at zero?
Equitable Holdings (EQH) reported payout - legacy — impact of flooring LFPB at zero of $0 in Q2 2024.
What does payout - legacy — impact of flooring LFPB at zero mean?
The adjustment made to prevent the insurance liability from being reported as a negative value.
How do you interpret payout - legacy — impact of flooring LFPB at zero?
A higher impact suggests that the underlying insurance contracts are highly profitable or that premium projections significantly outweigh benefit obligations.
How does payout - legacy — impact of flooring LFPB at zero compare across companies?
Similar to 'Reserve Floor Adjustments' or 'Negative Liability Constraints' in actuarial reporting for life insurers.