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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,2967,1058,5665,8464,9584,770
Cash and cash equivalents8,2396,0967,6935,0184,2814,139
Short-term investments1,0571,009873828677631
Total current assets:9,2967,1058,5665,8464,9584,770
Noncurrent Assets
Operating lease, right-of-use asset 516   520 
Deferred income tax assets2,0502,0351,7261,2947142,222
Total noncurrent assets:2,5662,0351,7261,2941,2342,222
Other undisclosed assets264,952251,112258,714254,360247,276238,608
TOTAL ASSETS:276,814260,252269,006261,500253,468245,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 254  751759 
Total current liabilities: 254  751759 
Noncurrent Liabilities
Long-term debt and lease obligation3,8203,8203,8193,8193,322 
Long-term debt, excluding current maturities3,8203,8203,8193,8193,322 
Total noncurrent liabilities:3,8203,8203,8193,8193,322 
Other undisclosed liabilities267,582252,515259,396250,846245,534240,413
Total liabilities:271,656256,335263,215255,416249,615240,413
Temporary equity, carrying amount770636531613455354
Equity
Equity, attributable to parent, including:2,6491,6423,5533,7541,6583,354
Common stock534444
Treasury stock, value(3,712)(3,592)(3,493)(3,400)(3,297)(3,202)
Additional paid in capital2,3282,3082,2972,2982,2992,027
Accumulated other comprehensive loss(7,777)(9,802)(7,142)(6,516)(8,834)(7,876)
Retained earnings10,24311,16310,3259,8069,92410,839
Other undisclosed equity, attributable to parent1,5621,5621,5621,5621,5621,562
Equity, attributable to noncontrolling interest1,7391,6391,7071,7171,7401,479
Total equity:4,3883,2815,2605,4713,3984,833
TOTAL LIABILITIES AND EQUITY:276,814260,252269,006261,500253,468245,600

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues2,1703,6242,3772,3571,8963,009
Insurance commissions and fees599599594588792796
Cost of revenue(1,210)(1,249)(1,185)(1,193)(1,193)(1,003)
Policyholder benefits and claims incurred, net(647)(693)(684)(730)(786)(625)
Policyholder account balance, interest expense(563)(556)(501)(463)(407)(378)
Gross profit:9602,3751,1921,1647032,006
Operating expenses(971)(855)(859)(803)(955)(865)
Operating income (loss):(11)1,520333361(252)1,141
Interest and debt expense(57)(55)(55)(61)(53)(51)
Income (loss) from continuing operations before equity method investments, income taxes:(68)1,465278300(305)1,090
Other undisclosed income (loss) from continuing operations before income taxes(749)10261(759)(616)(671)
Income (loss) from continuing operations before income taxes:(817)1,475539(459)(921)419
Income tax expense (benefit)228(340)292725208(92)
Income (loss) from continuing operations:(589)1,135831266(713)327
Income before gain (loss) on sale of properties:327
Net income (loss):(589)1,135831266(713)327
Net loss attributable to noncontrolling interest(109)(71)(72)(89)(76)(54)
Net income (loss) attributable to parent:(698)1,064759177(789)273
Preferred stock dividends and other adjustments(26)(14)(26)(14)(26)(14)
Net income (loss) available to common stockholders, diluted:(724)1,050733163(815)259

Comprehensive Income ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(589)1,135831266(713)327
Other comprehensive income (loss)2,037(2,667)(623)2,478(946)(2,340)
Comprehensive income (loss):1,448(1,532)2082,744(1,659)(2,013)
Comprehensive loss, net of tax, attributable to noncontrolling interest(121)(64)(75)(91)(88)(42)
Comprehensive income (loss), net of tax, attributable to parent:1,327(1,596)1332,653(1,747)(2,055)

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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