Equitable Holdings, Inc.

Listed Company

EQH-PACIK 0001333986NYSELarge AcceleratedInsurance Agents, Brokers & ServiceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$11.66B

Net Income

$-1.38B

Total Assets

—

Equity

—

Shares Out

281.52M

Op. Cash Flow

$714.00M

+ 13F Filer

EQH$48.99−6.88% · past yearDBEQ Basic

Daily closing prices

Business

Equitable Holdings is a financial services holding company providing retirement, asset management, and wealth management solutions. It operates three integrated franchises: Equitable (an insurer offering annuities and retirement products), AllianceBernstein (a global active asset manager), and Equitable Advisors (a wealth management platform with a large network of financial advisors). The company serves individual, institutional, and small-business clients primarily in the United States, with significant international operations.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Policy charges and fee income	2,168	2,495	2,380	2,454	2,768
Premiums	1,046	1,172	1,095	994	960
Net derivative gains (losses)	−2,055	−2,551	−2,397	907	−7,149
Net investment income (loss)	5,234	4,881	4,270	3,315	3,846
Credit and intent to sell losses on available-for-sale debt securities and loans	−68	−82	−220	−314	2
Other investment gains (losses), net	−1,271	−51	−493	−631	866
Total investment gains (losses), net	−1,339	−133	−713	−945	868
Investment management and service fees	5,263	5,263	4,820	4,891	5,395
Other income	1,348	1,298	1,005	1,028	926
Total revenues	11,665	12,425	10,460	12,644	7,614
Policyholders benefits	2,395	2,696	2,754	2,716	2,788
Remeasurement of liability for future policy benefits	38	−6	86	66	13
Change in market risk benefits and purchased market risk benefits	−417	−1,940	−1,815	−1,280	−5,943
Interest credited to policyholders account balances	3,016	2,493	2,041	1,410	1,219
Compensation and benefits	2,434	2,451	2,323	2,201	2,363
Commissions and distribution-related payments	2,093	1,896	1,590	1,567	1,662
Interest expense	224	226	228	201	—
Amortization of deferred policy acquisition costs	789	711	641	586	552
Other operating costs and expenses	2,286	1,822	1,898	2,185	2,107
Total benefits and other deductions	12,858	10,349	9,746	9,652	5,005
Income (loss) from continuing operations, before income taxes	−1,193	2,076	714	2,992	2,609
Income tax (expense) benefit	156	−280	910	−598	−439
Net income (loss)	−1,037	1,796	1,624	2,394	2,170
Less: Net income (loss) attributable to the noncontrolling interest	343	516	341	241	415
Net income (loss) attributable to Holdings	−1,380	1,280	1,283	2,153	1,755
Less: Preferred stock dividends	61	80	80	80	79
Net income (loss) available to Holdings common shareholders, basic	−1,441	1,200	1,203	2,073	1,676
Net income (loss) available to Holdings common shareholders, diluted	−1,441	1,200	1,203	2,073	1,676
Basic (in dollars per share)	−4.83	3.74	3.44	5.49	4.02
Diluted (in dollars per share)	−4.83	3.69	3.42	5.46	3.98
Basic (in shares)	298	321	350	378	417
Diluted (in shares)	298	325	352	380	421

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Fixed maturities available-for-sale, at fair value (amortized cost of $82,106 and $84,717) (allowance for credit losses of $0 and $2)	77,162	76,641	67,030	63,361	78,216
Fixed maturities, at fair value using the fair value option	2,900	2,100	1,700	1,500	1,600
Mortgage loans on real estate (net of allowance for credit losses of $313 and $278)	22,668	20,072	18,171	16,481	14,033
Mortgage loans, at fair value using the fair value option	50	0	—	—	—
Policy loans	1,862	4,330	4,158	4,033	4,024
Other equity investments	3,779	3,719	3,384	3,152	2,975
Trading securities, at fair value	1,572	1,089	1,057	677	631
Other invested assets	10,968	8,537	6,719	3,885	3,591
Total investments	121,004	116,441	102,173	93,097	105,111
Cash and cash equivalents	12,462	6,964	8,239	4,281	5,188
Cash and securities segregated, at fair value	499	500	868	1,522	1,504
Broker-dealer related receivables	2,162	1,961	1,837	2,338	2,599
Deferred policy acquisition costs	7,523	7,170	6,705	6,369	5,491
Goodwill and other intangible assets, net	5,309	5,371	5,433	5,482	4,728
Amounts due from reinsurers (allowance for credit losses of $7 and $8)	20,127	7,899	8,197	8,471	14,679
Current and deferred income taxes	2,577	2,003	2,054	781	195
Purchased market risk benefits	5,260	7,376	9,455	10,423	—
Other assets	3,771	4,462	3,324	4,033	3,613
Assets for market risk benefits	752	863	594	490	—
Separate Accounts assets	136,544	134,717	127,251	114,853	147,306
Total Assets	317,990	295,727	276,695	252,702	292,262
Policyholders account balances	133,433	110,929	95,643	83,866	79,361
Liability for market risk benefits	10,200	11,800	14,630	15,800	—
Future policy benefits and other policyholders liabilities	17,660	17,613	17,374	16,603	36,717
Broker-dealer related payables	1,370	775	1,232	715	1,283
Customer related payables	1,937	1,933	2,201	3,323	3,600
Amounts due to reinsurers	1,542	1,421	1,457	1,533	1,381
Short-term debt	25	0	254	759	92
Long-term debt	3,835	3,833	3,820	3,322	3,839
Notes issued by consolidated variable interest entities, at fair value using the fair value option	2,700	2,100	1,600	1,200	1,200
Other liabilities	7,001	7,032	5,976	7,108	3,933
Separate Accounts liabilities	136,544	134,717	127,251	114,853	147,306
Total Liabilities	316,202	292,179	271,550	249,106	278,699
Redeemable noncontrolling interest	322	125	770	455	468
Commitments and contingent liabilities	—	—	—	—	—
Preferred stock and additional paid-in capital, $1 par value and $25,000 liquidation preference	1,068	1,507	1,562	1,562	—
Common stock, $0.01 par value, 2,000,000,000 shares authorized; 468,341,734 and 477,801,636 shares issued, respectively; 283,358,187 and 309,900,248 shares outstanding, respectively	5	5	5	4	4
Additional paid-in capital	1,932	2,336	2,328	2,299	1,919
Treasury stock, at cost, 184,983,547 and 167,901,388 shares, respectively	−5,165	−4,198	−3,712	−3,297	—
Retained earnings	8,366	10,627	10,250	9,825	8,880
Accumulated other comprehensive income (loss)	−6,280	−8,712	−7,797	−8,992	2,004
Total equity attributable to Holdings	−74	1,565	2,636	1,401	11,519
Noncontrolling interest	1,540	1,858	1,739	1,740	1,576
Total Equity	1,466	3,423	4,375	3,168	11,927
Total Liabilities, Redeemable Noncontrolling Interest and Equity	317,990	295,727	276,695	252,702	292,262

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Investment (gains) losses, net	1,271	51	493	631	−863
(Gains) losses on businesses held-for-sale	0	−135	−1	7	−3
Realized and unrealized (gains) losses on trading securities	−95	−82	−77	198	26
Loss on novation	499	0	0	—	—
AB Retirement plan losses	18	14	0	—	—
Non-cash long term incentive compensation expense	277	285	234	286	226
Amortization and depreciation	872	868	821	636	519
Equity (income) loss from limited partnerships	−221	−174	−125	−146	−553
Net broker-dealer and customer related receivables/payables	−135	−446	−910	189	−131
Reinsurance recoverable and related balances, net	−1,207	−868	−1,469	−636	−1,092
Segregated cash and securities, net	1	368	655	−18	250
Capitalization of deferred policy acquisition costs	−1,169	−1,177	−976	−841	−877
Future policy benefits	91	394	329	−495	−151
Current and deferred income taxes	−968	315	−1,168	470	133
Other, net	−75	112	−187	−74	485
Net cash provided by (used in) operating activities	714	2,006	−208	−250	−193
Fixed maturities, available-for-sale	18,740	10,934	10,492	15,547	34,434
Fixed maturities, at fair value using the fair value option	773	875	483	525	763
Mortgage loans on real estate	2,128	1,170	446	1,154	1,696
Trading account securities	550	1,087	963	371	5,159
Short term investments	141	836	3,324	575	87
Other	585	777	738	573	1,716
Fixed maturities, available-for-sale	−25,955	−21,058	−12,031	−18,502	−43,344
Fixed maturities, at fair value using the fair value option	−1,706	−1,253	−592	−488	−1,792
Mortgage loans on real estate	−4,768	−3,162	−2,246	−3,683	−2,546
Mortgage loans, at fair value using the fair value option	−50	0	0	—	—
Trading account securities	−954	−2,219	−1,301	−521	−244
Short term investments	−199	−423	−2,772	−1,502	−18
Other	−435	−278	−878	−1,173	−2,553
Cash settlements related to derivative instruments, net	606	−3,131	−1,335	−316	−5,937
Investment in capitalized software, leasehold improvements and EDP equipment	−34	−153	−117	−167	−120
Other, net	−390	143	−25	80	−205
Net cash provided by (used in) investing activities	−10,968	−15,855	−4,851	−7,487	−12,689
Deposits	26,745	19,094	16,925	16,367	17,521
Withdrawals	−12,124	−10,518	−9,842	−6,962	−7,069
Transfers (to) from Separate Accounts	1,925	1,749	1,359	1,447	1,985
Payments of market risk benefits	−670	−683	−744	−601	−563
Proceeds from short-term financings	0	0	0	—	—
Repayment of short-term financings	25	−254	−504	147	92
Change in collateralized pledged assets	−277	−85	−49	36	34
Change in collateralized pledged liabilities	2,604	4,849	2,354	−1,575	1,413
Issuance of long-term debt	495	0	497	0	0
Repayment of long term debt	−500	−565	0	0	−280
Proceeds from collateralized loan obligations	46	52	40	0	0
Repayment of collateralized loan obligations	−52	−61	0	0	—
Proceeds from notes issued by consolidated VIEs	1,808	552	362	6	873
Repayment of notes issued by consolidated VIEs	−1,210	−16	0	0	—
Dividends paid on common stock	−314	−302	−301	−294	−296
Dividends paid on preferred stock	−61	−80	−80	−80	−79
Redemption of preferred stock	−449	−55	0	0	—
Purchase of AllianceBernstein Units	−761	−35	0	0	—
Purchase of AB Holding Units to fund long-term incentive compensation plan awards, net	−162	−157	−144	−211	−262
Purchase of treasury shares	−1,450	−1,014	−919	−849	−1,637
Purchases (redemptions) of noncontrolling interests of consolidated company-sponsored investment funds	214	340	274	52	346
Distribution to noncontrolling interest of consolidated subsidiaries	−393	−384	−334	−401	−392
Change in securities lending	272	21	116	0	0
Other, net	5	−7	−10	31	−47
Net cash provided by (used in) financing activities	15,716	12,441	9,000	7,045	11,948
Effect of exchange rate changes on cash and cash equivalents	36	−20	23	−56	−18
Change in cash and cash equivalents	5,498	−1,428	3,964	−748	−952
Interest paid	293	318	344	263	215
Federal	430	−159	121	—	—
Income taxes (refunded) paid	576	−38	265	89	305
Transfer of securities to reinsurer	−8,777	0	0	—	—
Transfer of policy loans to reinsurer	−2,533	0	0	—	—
Securities received in exchange for the 2029 Notes	0	547	0	—	—
Debt issued in exchange for the 2029 Notes	0	600	0	—	—
Deconsolidated trading securities	0	−1,153	0	—	—
Deconsolidated redeemable noncontrolling interests	0	−1,040	0	—	—

Filings

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Holdings (13F)

Portfolio as of 2026-03-31 · 1,780 positions

Reported AUM

$31.55B

Holdings

1.8K

Top sector

$31.55B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$31.55B	100.0%

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Frequently asked questions

What is Equitable Holdings, Inc.'s CIK number?

Equitable Holdings, Inc.'s SEC CIK number is 0001333986 (1333986). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Equitable Holdings, Inc.'s SEC filings?

All of Equitable Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Equitable Holdings, Inc. last report earnings?

Equitable Holdings, Inc. (EQH-PA) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001333986-26-000020). This is Equitable Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Equitable Holdings, Inc.'s most recent earnings 8-K?

Equitable Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0001333986-26-000020. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Equitable Holdings, Inc.'s latest earnings 8-K →
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