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Equitable Holdings EQH SCS — Deferred policy acquisition costs

Other product segments

GMxB Core
$1.57B-1.9%
VUL
$1.16B+3.5%
EG
$795M+2.4%
GMxB Legacy
$452M-8.5%
IE
$301M+20.4%
Term
$265M-12.0%
IUL
$177M-4.8%
UL
$164M-4.1%
EI
$152M-1.3%
CB
$94M-8.7%
Momentum
$76M-5.0%
Others
$19M

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AFLCancer — Deferred policy acquisition costs
$2.93B-4.7%
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AFLDisability — Deferred policy acquisition costs
$638M+0.3%
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AFLOther — Deferred policy acquisition costs
$49M-12.5%
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CINFDeferred Fixed Annuity — Deferred policy acquisition costs
$8M+14.3%

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:DeferredPolicyAcquisitionCosts.

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 itemJune 30, 2026December 31, 2025
GMxB Core$1,569$1,587
EQUI-VEST Individual152153
Investment Edge301273
SCS2,4132,274
EQUI-VEST Group795789
Momentum7679
Corporate and Other
Term265288

Item 1. Consolidated Financial Statements

FAQ

What is Equitable Holdings's SCS — deferred policy acquisition costs?
Equitable Holdings (EQH) reported SCS — deferred policy acquisition costs of $2.41B in Q2 2026.
How has Equitable Holdings's SCS — deferred policy acquisition costs changed year-over-year?
Equitable Holdings's SCS — deferred policy acquisition costs increased by 14.5% year-over-year, from $2.11B to $2.41B.
What is the long-term trend for Equitable Holdings's SCS — deferred policy acquisition costs?
Over 3 years (2022 to 2025), Equitable Holdings's SCS — deferred policy acquisition costs has grown at a 21.3% compound annual growth rate (CAGR), from $4.81B to $8.59B.
What does SCS — deferred policy acquisition costs mean?
Represents the capitalized costs directly related to the acquisition of new insurance or annuity contracts that are expected to be recovered from future policy revenues. These costs are deferred on the balance sheet and amortized over the estimated life of the policies.

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