What does SCS — guaranteed minimum credit rating mean?

The minimum credit quality standard required for assets backing the structured annuity products.

How do you interpret SCS — guaranteed minimum credit rating?

Maintaining or improving this rating indicates a conservative risk management approach, while a downgrade could signal increased credit risk within the investment portfolio.

How does SCS — guaranteed minimum credit rating compare across companies?

Comparable to credit quality benchmarks for general account assets at major insurance companies.

Equitable Holdings EQH SCS — Guaranteed minimum credit rating

Discontinued — last reported Q1 '23

Similar metrics at other companies

CBInsurance, Other — Policyholder Account Balance, Guaranteed Minimum Crediting Rate

$0.040.0%

UNMColonial Life — Policyholder Account Balance, Guaranteed Minimum Credit Rating

$0.050.0%

CRBGIndividual Retirement — Minimum credit rating (as a percent)

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CRBGGroup Retirement — Minimum credit rating (as a percent)

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CRBGCorporate & Other — Minimum credit rating (as a percent)

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CRBGLife Insurance — Minimum credit rating (as a percent)

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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

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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

See full

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

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:PolicyholderAccountBalanceGuaranteedMinimumCreditRating.

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

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Questions, answered.

What is Equitable Holdings's SCS — guaranteed minimum credit rating?: Equitable Holdings (EQH) reported SCS — guaranteed minimum credit rating of $0.03 in Q1 2023.
What does SCS — guaranteed minimum credit rating mean?: The minimum credit quality standard required for assets backing the structured annuity products.
How do you interpret SCS — guaranteed minimum credit rating?: Maintaining or improving this rating indicates a conservative risk management approach, while a downgrade could signal increased credit risk within the investment portfolio.
How does SCS — guaranteed minimum credit rating compare across companies?: Comparable to credit quality benchmarks for general account assets at major insurance companies.