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Equitable Holdings EQH UL — Capitalization

Other product segments

SCS
$183M+16.6%
VUL
$30M-14.3%
IE
$18M+12.5%
EG
$15M0.0%
EI
$3M0.0%
Momentum
$3M0.0%
Term
$2M0.0%
IUL
$1M-66.7%
CB
$0
GMxB Core
$0
GMxB Legacy
$0

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AMPVariable Universal Life Insurance — Capitalization of acquisition costs
$15M0.0%
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AMPUniversal Life Insurance — Capitalization of acquisition costs
$0
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UNMGroup Life and AD&D — Capitalization
$12.3M+6.0%
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AFLLife insurance — Capitalization
$43M+38.7%

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 us-gaap:DeferredPolicyAcquisitionCostsAdditions.

The official record: Equitable Holdings’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Equitable Holdings's UL — capitalization?
Equitable Holdings (EQH) reported UL — capitalization of $2M in Q1 2026.
How has Equitable Holdings's UL — capitalization changed year-over-year?
Equitable Holdings's UL — capitalization decreased by 60.0% year-over-year, from $5M to $2M.
What is the long-term trend for Equitable Holdings's UL — capitalization?
Over 4 years (2021 to 2025), Equitable Holdings's UL — capitalization has grown at a -3.5% compound annual growth rate (CAGR), from $15M to $13M.
What does UL — capitalization mean?
Costs related to acquiring insurance business that are treated as assets on the balance sheet.
How do you interpret UL — capitalization?
Higher capitalization indicates significant investment in future revenue streams, whereas lower levels may reflect reduced new business activity.
How does UL — capitalization compare across companies?
Standard practice for insurance companies under GAAP to capitalize acquisition-related costs.