Equitable Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	1,046	1,172	1,095	994	960
Investment Income	5,234	4,881	4,270	3,315	3,846
Net Gains on Investments	-1,339	-133	-713	-945	868
Total Other Revenues	6,724	6,505	5,808	9,280	1,940
Revenue	11,665	12,425	10,460	12,644	7,614
Revenue Growth (YoY)	-6.12%	18.79%	-17.27%	66.06%	-38.67%
Insurance Benefits & Claims	5,032	3,243	3,066	2,912	-1,923
Policy Amortization Costs	789	711	641	586	552
Other Operating Expenses	6,813	6,169	5,811	5,953	6,132
Operating Income	-969	2,302	942	3,193	2,853
Interest Expense	-224	-226	-228	-201	-244
Total Non-Operating Income (Expense)	-224	-226	-228	-201	-244
Pretax Income	-1,193	2,076	714	2,992	2,609
Provision for Income Taxes	-156	280	-910	598	439
Net Income	-1,380	1,280	1,283	2,153	1,755
Minority Interest in Earnings	343	516	341	241	415
Net Income to Common	-1,380	1,280	1,283	2,153	1,755
Net Income Growth	-	-0.23%	-40.41%	22.68%	-
Shares Outstanding (Basic)	298	321	350	378	417
Shares Outstanding (Diluted)	298	325	352	380	421
Shares Change (YoY)	-8.22%	-7.62%	-7.45%	-9.80%	-6.48%
EPS (Basic)	-4.83	3.74	3.44	5.49	4.02
EPS (Diluted)	-4.83	3.69	3.42	5.46	3.98
EPS Growth	-	7.90%	-37.36%	37.19%	-
Shares Outstanding	283.36	309.9	333.88	365.08	391.28
Free Cash Flow	680	1,853	-325	-417	-313
Free Cash Flow Growth	-63.30%	-	-	-	-
Free Cash Flow Per Share	2.28	5.71	-0.92	-1.10	-0.74
Dividends Per Share	-	0.960	0.880	0.800	0.720
Dividend Growth	-	9.09%	10.00%	11.11%	5.88%
Operating Margin	-8.31%	18.53%	9.01%	25.25%	37.47%
Profit Margin	-8.89%	14.45%	15.53%	18.93%	28.50%
FCF Margin	5.83%	14.91%	-3.11%	-3.30%	-4.11%
EBITDA	-97	3,170	1,763	3,829	3,372
EBITDA Margin	-0.83%	25.51%	16.85%	30.28%	44.29%
EBIT	-969	2,302	942	3,193	2,853
EBIT Margin	-8.31%	18.53%	9.01%	25.25%	37.47%
Effective Tax Rate	13.08%	13.49%	-127.45%	19.99%	16.83%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q