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Equitable Holdings, Inc.

Equitable Holdings, Inc.

NYSE•EQH
CEO: Mr. Mark Pearson
Sector: Financial Services
Industry: Insurance - Diversified
Listing Date: 2018-05-10
Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. The Group Retirement segment provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. The Investment Management and Research segment offers diversified investment management, research, and related services to various clients through institutional. The Protection Solutions segment provides life insurance products, such as VUL insurance and IUL insurance, term life, and employee benefits business, such as dental, vision, life, as well as short- and long-term disability insurance products to small and medium-sized businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. The Legacy segment consists of the capital intensive fixed-rate GMxB business that includes ROP death benefits. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
Contact Information
1345 Avenue Of The Americas, New York, NY, 10105, United States
212-554-1234
www.equitableholdings.com
Market Cap
$14.00B
P/E (TTM)
-20.4
15.5
Dividend Yield
2.2%
52W High
$56.61
52W Low
$41.39
52W Range
35%
Rank41Top 44.9%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$1.45B-52.86%
4-Quarter Trend

EPS

-$4.47+851.06%
4-Quarter Trend

FCF

$336.00M-48.70%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Net Loss Net loss attributable to Holdings reached (1.595B) USD for nine months 2025, compared to 388M USD income prior period.
RGA Reinsurance Transaction Impact Investment losses totaled (1.255B) USD for nine months, driven by $1.1B loss from RGA reinsurance asset transfer.
Total Assets Growth Total Assets increased to 314.409B USD as of September 30, 2025, up from 295.727B USD at year-end 2024.
Non-GAAP Earnings Decline Non-GAAP Operating Earnings decreased to 1.228B USD for nine months 2025 versus 1.489B USD in 2024.

Risk Factors

Equity Market Volatility Exposure Net derivative losses increased $403M in Q3 2025 due to higher equity market appreciation compared to prior year.
Assumption Update Impact Economic assumption updates decreased operating income by $80M before tax for the nine months ended September 30, 2025.
Capital Market Sensitivity Business results highly sensitive to equity movements and interest rate fluctuations affecting hedging costs and product demand.
Mortgage Loan Credit Quality Credit quality review ongoing for commercial and agricultural mortgages; LTV ratios averaged 67% as of September 30, 2025.

Outlook

Segment Reporting Reorganization Financial reporting reorganized effective July 1, 2025, into Retirement, Asset Management, and Wealth Management segments.
Liquidity Position Maintained Sufficient cash flows expected from operations to satisfy liquidity requirements throughout 2025 without external support.
Regulatory Compliance Focus Preparing for compliance with new AG 55 reinsurance testing guideline, required reporting by December 31, 2025.
Capital Management Strategy Maintain strong capital position supported by subsidiary cash generation and access to bank and capital markets.

Peer Comparison

Revenue (TTM)

MetLife, Inc.MET
$71.29B
-0.1%
Reinsurance Group of America, IncorporatedRGA
$22.25B
+1.8%
Everest Group, Ltd.EG
$17.51B
+8.6%

Gross Margin (Latest Quarter)

East West Bancorp, Inc.EWBC
61.1%
+8.6pp
Fidelity National Financial, Inc.FNF
49.6%
-14.0pp
Principal Financial Group, Inc.PFG
44.9%
+9.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MET$50.58B13.313.8%2.8%
PFG$19.90B12.613.9%1.2%
EWBC$15.85B12.615.6%4.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-26.3%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$1.76
|
Revenue:$4.04B
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $1.45B-52.9%
    |
    EPS: $-4.47+851.1%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 11, 2025|
    Revenue: $2.36B-32.7%
    |
    EPS: $-1.21-197.6%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $4.58B+105.2%
    |
    EPS: $0.16-46.7%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 24, 2025|
    Revenue: $12.44B+18.1%
    |
    EPS: $3.82+9.5%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $3.08B-15.1%
    |
    EPS: $-0.47-115.5%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $3.51B+47.7%
    |
    EPS: $1.24-39.8%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $2.23B-5.4%
    |
    EPS: $0.30-33.3%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 26, 2024|
    Revenue: $10.53B-16.7%
    |
    EPS: $3.49-36.4%
    Miss