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Equitable Holdings EQH UL — Policyholders’ account balance reconciliation

Other product segments

EG
$10.91B-2.0%
VUL
$5.29B+4.5%
EI
$1.74B-10.0%
Momentum
$438M-12.0%

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$3.52B-14.0%

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:PolicyholderFunds.

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
Momentum438489
GMxB Core(70)(52)
Corporate and Other
Universal Life4,8684,924
Variable Universal Life5,2885,165
GMxB Legacy216222
Other (1)12,89611,150
Balance (exclusive of Funding Agreements)126,355115,437

Item 1. Consolidated Financial Statements

FAQ

What is Equitable Holdings's UL — policyholders’ account balance reconciliation?
Equitable Holdings (EQH) reported UL — policyholders’ account balance reconciliation of $4.87B in Q2 2026.
How has Equitable Holdings's UL — policyholders’ account balance reconciliation changed year-over-year?
Equitable Holdings's UL — policyholders’ account balance reconciliation decreased by 2.1% year-over-year, from $4.97B to $4.87B.
What is the long-term trend for Equitable Holdings's UL — policyholders’ account balance reconciliation?
Over 3 years (2022 to 2025), Equitable Holdings's UL — policyholders’ account balance reconciliation has grown at a -2.7% compound annual growth rate (CAGR), from $21.55B to $19.86B.
What does UL — policyholders’ account balance reconciliation mean?
A summary of the changes in the total liability held for policyholders, accounting for premiums, interest credits, charges, and outflows. It provides a comprehensive view of the net movement in the capital held to satisfy future policy obligations.

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