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Equitable Holdings EQH UL — Deferred policy acquisition costs

Other product segments

SCS
$2.41B+14.5%
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%
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

See full
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

See full
Operating cash flow$643.0M+88.6%

Valuation

See full
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
Momentum7679
Corporate and Other
Term265288
Universal Life164167
Variable Universal Life1,1611,143
Indexed Universal Life177181
GMxB Legacy452472
Closed Block9498

Item 1. Consolidated Financial Statements

FAQ

What is Equitable Holdings's UL — deferred policy acquisition costs?
Equitable Holdings (EQH) reported UL — deferred policy acquisition costs of $164M in Q2 2026.
How has Equitable Holdings's UL — deferred policy acquisition costs changed year-over-year?
Equitable Holdings's UL — deferred policy acquisition costs decreased by 4.1% year-over-year, from $171M to $164M.
What is the long-term trend for Equitable Holdings's UL — deferred policy acquisition costs?
Over 3 years (2022 to 2025), Equitable Holdings's UL — deferred policy acquisition costs has grown at a -1.9% compound annual growth rate (CAGR), from $719M to $679M.
What does UL — deferred policy acquisition costs mean?
Represents the capitalized costs directly associated with the acquisition of new insurance contracts, such as commissions and underwriting expenses. These costs are deferred on the balance sheet and amortized over the expected life of the policies to match expenses with related revenues.

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