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Equitable Holdings EQH Retirement — Net derivative gains (losses)

Other segment segments

Asset Management
-$29M
Wealth Management
$0

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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:DerivativeGainLossOnDerivativeNet.

The source filing: Equitable Holdings’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 3:26 PM EST
Fiscal year
FY2025
Accession
0001333986-26-000012
Line itemRetirementAsset ManagementWealth ManagementCorporate and OtherElim-inationsTotal
Policyholders’ account balances118,53714,896133,433
Future policy benefits and other policyholders’ liabilities5,31812,34217,660
Policy charges and premium revenue1,2171,9973,214
Net derivative gains (losses)(2,268)(29)22319(2,055)
Net investment income (loss)4,29420127851235,234
Policyholders’ benefits and interest credited2,8962,5155,411
Amortization of deferred policy acquisition costs591198789
All other operating expenses (1)7893,4931,6831,644(951)6,658

Item 8. Financial Statements and Supplementary Data

FAQ

What is Equitable Holdings's retirement — net derivative gains (losses)?
Equitable Holdings (EQH) reported retirement — net derivative gains (losses) of -$567M in Q4 2025.
How has Equitable Holdings's retirement — net derivative gains (losses) changed year-over-year?
Equitable Holdings's retirement — net derivative gains (losses) increased by 11.3% year-over-year, from -$639.25M to -$567M.
What is the long-term trend for Equitable Holdings's retirement — net derivative gains (losses)?
Over 2 years (2023 to 2025), Equitable Holdings's retirement — net derivative gains (losses) has grown at a -1.5% compound annual growth rate (CAGR), from -$2.34B to -$2.27B.
What does retirement — net derivative gains (losses) mean?
The net impact of derivative financial instruments used to hedge the risks associated with retirement products, such as interest rate or equity market volatility. These gains or losses reflect the effectiveness of the company's hedging program.

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