Equitable Holdings Inc. (EQH) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1345 AVENUE OF THE AMERICAS NEW YORK, NY 10105 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6411 - Insurance Agents, Brokers, and Service (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9,296 | 4,958 | 5,819 | 11,732 | 11,436 | 4,469 | |||
| Cash and cash equivalents | 8,239 | 4,281 | 5,188 | 6,179 | 4,405 | 4,469 | |||
| Short-term investments | 1,057 | 677 | 631 | 5,553 | 7,031 | ||||
| Disposal group, including discontinued operation | 39 | ||||||||
| Total current assets: | 9,296 | 4,958 | 5,819 | 11,771 | 11,436 | 4,469 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 516 | 520 | 637 | 691 | 687 | ✕ | |||
| Intangible assets, net (including goodwill) | 4,570 | ||||||||
| Goodwill | 4,570 | ||||||||
| Deferred income tax assets | 2,050 | 714 | 195 | ✕ | |||||
| Total noncurrent assets: | 2,566 | 1,234 | 832 | 691 | 687 | 4,570 | |||
| Other undisclosed assets | 264,952 | 247,276 | 285,611 | 262,935 | 237,747 | 211,758 | |||
| TOTAL ASSETS: | 276,814 | 253,468 | 292,262 | 275,397 | 249,870 | 220,797 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 254 | 759 | 92 | 546 | |||||
| Total current liabilities: | 254 | 759 | 92 | 546 | |||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,820 | 3,322 | |||||||
| Long-term debt, excluding current maturities | 3,820 | 3,322 | |||||||
| Liabilities, other than long-term debt | 749 | ||||||||
| Deferred income tax liabilities | 749 | ✕ | |||||||
| Total noncurrent liabilities: | 3,820 | 3,322 | 749 | ||||||
| Other undisclosed liabilities | 267,582 | 245,534 | 278,607 | 257,328 | 234,379 | 204,632 | |||
| Total liabilities: | 271,656 | 249,615 | 278,699 | 258,077 | 234,379 | 205,178 | |||
| Temporary equity, carrying amount | 770 | 455 | 468 | 143 | 365 | 187 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,649 | 1,658 | 11,519 | 15,576 | 13,535 | 13,866 | |||
| Common stock | 5 | 4 | 4 | 5 | 5 | 5 | |||
| Treasury stock, value | (3,712) | (3,297) | (2,850) | (2,245) | (1,832) | (640) | |||
| Additional paid in capital | 2,328 | 2,299 | 1,919 | 1,985 | 1,920 | 1,908 | |||
| Accumulated other comprehensive income (loss) | (7,777) | (8,834) | 2,004 | 3,863 | 840 | (1,396) | |||
| Retained earnings | 10,243 | 9,924 | 8,880 | 10,699 | 11,827 | 13,989 | |||
| Other undisclosed equity, attributable to parent | 1,562 | 1,562 | 1,562 | 1,269 | 775 | ||||
| Equity, attributable to noncontrolling interest | 1,739 | 1,740 | 1,576 | 1,601 | 1,591 | 1,566 | |||
| Total equity: | 4,388 | 3,398 | 13,095 | 17,177 | 15,126 | 15,432 | |||
| TOTAL LIABILITIES AND EQUITY: | 276,814 | 253,468 | 292,262 | 275,397 | 249,870 | 220,797 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 10,528 | 14,017 | 11,036 | 12,415 | 9,591 | 12,078 | ||
| Insurance commissions and fees | 2,380 | 3,241 | 3,637 | 3,735 | 3,738 | 3,824 | ||
| Cost of revenue | (4,837) | (4,794) | (4,437) | (6,548) | (5,611) | (4,005) | ||
| Policyholder benefits and claims incurred, net | (2,754) | (3,385) | (3,218) | (5,326) | (4,370) | (2,915) | ||
| Policyholder account balance, interest expense | (2,083) | (1,409) | (1,219) | (1,222) | (1,241) | (1,090) | ||
| Gross profit: | 5,691 | 9,223 | 6,599 | 5,867 | 3,980 | 8,073 | ||
| Operating expenses | (3,488) | (3,756) | (3,771) | (3,051) | (3,134) | (2,969) | ||
| Operating income: | 2,203 | 5,467 | 2,828 | 2,816 | 846 | 5,104 | ||
| Interest and debt expense | (228) | (201) | (244) | (200) | (221) | (231) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (3,709) | (2,660) | (2,412) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,975 | 5,266 | 2,584 | (1,093) | (2,035) | 2,461 | ||
| Other undisclosed loss from continuing operations before income taxes | (1,237) | (2,741) | (2,753) | |||||
| Income (loss) from continuing operations before income taxes: | 738 | 2,525 | (169) | (1,093) | (2,035) | 2,461 | ||
| Income tax expense (benefit) | 905 | (499) | 145 | 744 | 599 | (307) | ||
| Income (loss) from continuing operations: | 1,643 | 2,026 | (24) | (349) | (1,436) | 2,154 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (24) | (349) | (1,436) | 2,154 | |
| Net income (loss): | 1,643 | 2,026 | (24) | (349) | (1,436) | 2,154 | ||
| Net loss attributable to noncontrolling interest | (341) | (241) | (415) | (299) | (297) | (334) | ||
| Net income (loss) attributable to parent: | 1,302 | 1,785 | (439) | (648) | (1,733) | 1,820 | ||
| Preferred stock dividends and other adjustments | (80) | (80) | (79) | (53) | ||||
| Net income (loss) available to common stockholders, diluted: | 1,222 | 1,705 | (518) | (701) | (1,733) | 1,820 | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,643 | 2,026 | (24) | (349) | (1,436) | 2,154 | ||
| Other comprehensive income (loss) | 1,225 | (10,854) | (1,858) | 3,026 | 2,232 | (1,177) | ||
| Comprehensive income (loss): | 2,868 | (8,828) | (1,882) | 2,677 | 796 | 977 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (351) | (225) | (416) | (306) | (293) | (349) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,517 | (9,053) | (2,298) | 2,371 | 503 | 628 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.