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Equitable Holdings EQH VUL — Deferred policy acquisition costs

Other product segments

SCS
$2.34B+16.1%
GMxB Core
$1.58B-1.2%
EG
$792M+2.7%
GMxB Legacy
$462M-8.3%
IE
$285M+20.8%
Term
$273M-11.1%
IUL
$179M-3.8%
UL
$165M-4.1%
EI
$153M-0.6%
CB
$96M-8.6%
Momentum
$78M-4.9%
Others
$21M

Similar metrics at other companies

Prudential Financial logo
PRUTotal — Deferred Policy Acquisition Cost
$22.1B+5.0%
Aflac logo
AFLOther — Deferred policy acquisition costs
$50M-7.4%
Aflac logo
AFLDisability — Deferred policy acquisition costs
$640M+0.6%
Prudential Financial logo
PRUGuaranteed Universal Life — Deferred Policy Acquisition Cost
$546M+5.6%
Globe Life logo
GLHealth — Deferred acquisition costs
$865.28M+7.1%
Reinsurance Group of America logo
RGAInsurance, Other — Deferred policy acquisition costs and other
$1.08B+22.2%

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

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 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 VUL — deferred policy acquisition costs?
Equitable Holdings (EQH) reported VUL — deferred policy acquisition costs of $1.15B in Q1 2026.
How has Equitable Holdings's VUL — deferred policy acquisition costs changed year-over-year?
Equitable Holdings's VUL — deferred policy acquisition costs increased by 4.6% year-over-year, from $1.1B to $1.15B.
What is the long-term trend for Equitable Holdings's VUL — deferred policy acquisition costs?
Over 3 years (2022 to 2025), Equitable Holdings's VUL — deferred policy acquisition costs has grown at a 9.5% compound annual growth rate (CAGR), from $3.43B to $4.5B.
What does VUL — deferred policy acquisition costs mean?
The capitalized upfront costs incurred to acquire new insurance policies.
How do you interpret VUL — deferred policy acquisition costs?
An increase suggests higher sales volume or higher acquisition costs, while a decrease may indicate lower sales or a shift in product mix.
How does VUL — deferred policy acquisition costs compare across companies?
Commonly reported by life and annuity insurers as DAC assets.