Equitable Holdings, Inc. (EQH) Financial Statements (2024 and earlier)

Company Profile

Business Address 1290 AVENUE OF THE AMERICAS
NEW YORK, NY 10104
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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,5665,8464,9584,7705,6476,302
Cash and cash equivalents7,6935,0184,2814,1395,1095,713
Short-term investments873828677631538589
Total current assets:8,5665,8464,9584,7705,6476,302
Noncurrent Assets
Operating lease, right-of-use asset   520   
Deferred income tax assets1,7261,2947142,2221,6741,111
Total noncurrent assets:1,7261,2941,2342,2221,6741,111
Other undisclosed assets258,714254,360247,276238,608246,161270,245
TOTAL ASSETS:269,006261,500253,468245,600253,482277,658
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  751759   
Total current liabilities:  751759   
Noncurrent Liabilities
Long-term debt and lease obligation3,8193,8193,322   
Long-term debt, excluding current maturities3,8193,8193,322   
Total noncurrent liabilities:3,8193,8193,322   
Other undisclosed liabilities259,396250,846245,534240,413246,135267,789
Total liabilities:263,215255,416249,615240,413246,135267,789
Temporary equity, carrying amount531613455354348386
Equity
Equity, attributable to parent, including:3,5533,7541,6583,3545,5897,954
Common stock444444
Treasury stock, value(3,493)(3,400)(3,297)(3,202)(3,065)(3,070)
Additional paid in capital2,2972,2982,2992,0271,9181,933
Accumulated other comprehensive loss(7,142)(6,516)(8,834)(7,876)(5,548)(1,787)
Retained earnings10,3259,8069,92410,83910,7189,312
Other undisclosed equity, attributable to parent1,5621,5621,5621,5621,5621,562
Equity, attributable to noncontrolling interest1,7071,7171,7401,4791,4101,529
Total equity:5,2605,4713,3984,8336,9999,483
TOTAL LIABILITIES AND EQUITY:269,006261,500253,468245,600253,482277,658

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues2,3772,3571,8963,0095,1683,944
Insurance commissions and fees594588792796813840
Cost of revenue(1,185)(1,193)(1,193)(1,003)(1,223)(1,375)
Policyholder benefits and claims incurred, net(684)(730)(786)(625)(914)(1,060)
Policyholder account balance, interest expense(501)(463)(407)(378)(309)(315)
Gross profit:1,1921,1647032,0063,9452,569
Operating expenses(859)(803)(955)(865)(977)(959)
Operating income (loss):333361(252)1,1412,9681,610
Interest and debt expense(55)(61)(53)(51)(50)(47)
Income (loss) from continuing operations before equity method investments, income taxes:278300(305)1,0902,9181,563
Other undisclosed income (loss) from continuing operations before income taxes261(759)(616)(671)(678)(776)
Income (loss) from continuing operations before income taxes:539(459)(921)4192,240787
Income tax expense (benefit)292725208(92)(467)(148)
Income (loss) from continuing operations:831266(713)3271,773639
Income before gain (loss) on sale of properties:3271,773639
Net income (loss):831266(713)3271,773639
Net loss attributable to noncontrolling interest(72)(89)(76)(54)(45)(66)
Net income (loss) attributable to parent:759177(789)2731,728573
Preferred stock dividends and other adjustments(26)(14)(26)(14)(26)(14)
Net income (loss) available to common stockholders, diluted:733163(815)2591,702559

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):831266(713)3271,773639
Other comprehensive income (loss)(623)2,478(946)(2,340)(3,773)(3,795)
Comprehensive income (loss):2082,744(1,659)(2,013)(2,000)(3,156)
Comprehensive loss, net of tax, attributable to noncontrolling interest(75)(91)(88)(42)(33)(62)
Comprehensive income (loss), net of tax, attributable to parent:1332,653(1,747)(2,055)(2,033)(3,218)

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.

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