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Equitable Holdings EQH Future policy benefits

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Segments

By product

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UL$1.36B+6.6%
Term$1.2B-6.6%

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

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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:LiabilityForFuturePolicyBenefits.

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
LIABILITIES
Policyholders’ account balances$146,445$133,433
Liability for market risk benefits8,81610,153
Future policy benefits and other policyholders’ liabilities17,37217,660
Broker-dealer related payables7981,370
Customer related payables2,0511,937
Amounts due to reinsurers1,1551,542
Short-term debt25

Item 1. Consolidated Financial Statements

FAQ

What is Equitable Holdings's future policy benefits?
Equitable Holdings (EQH) reported future policy benefits of $17.37B in Q2 2026.
How has Equitable Holdings's future policy benefits changed year-over-year?
Equitable Holdings's future policy benefits decreased by 1.1% year-over-year, from $17.56B to $17.37B.
What is the long-term trend for Equitable Holdings's future policy benefits?
Over 5 years (2020 to 2025), Equitable Holdings's future policy benefits has grown at a -15.0% compound annual growth rate (CAGR), from $39.88B to $17.66B.
What does future policy benefits mean?
The actuarial estimate of the present value of future benefits payable to policyholders under life, annuity, and health insurance contracts. This represents the core long-term obligation of the insurer to fulfill its contractual promises over the life of the policies.

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