Equitable Holdings, Inc. (EQH) SEC Filings & Earnings Calls

Asset Management Net Outflows

“net outflows of $11.3 billion in Asset Management” · word for word

Net Loss

“Full year net loss of $1.4 billion” · word for word

Derivative Losses from Equity Market Volatility

“Net derivative losses increased by $681 million mainly due to higher equity market appreciation during the second quarter 2026 compared to the second quarter 2025.” · word for word

Merger Integration Risk

“The Proposed Transaction is expected to close by the end of 2026, subject to customary closing conditions, including the receipt of required regulatory approvals.” · word for word

Interest Rate Sensitivity

“The unrealized loss was primarily due to increases in interest rates and credit spreads.” · word for word

Net loss of $453M driven by non-operating items; GAAP loss per share $1.68.

“Net loss of $453 million, or $1.68 per share” · word for word

Merger integration risk with Corebridge; regulatory approvals pending.

“Subject to regulatory approvals, the merger is expected to close by year-end 2026.” · word for word

Regulatory approval risk; transaction expected to close by year-end 2026.

“Proposed Transaction remains subject to regulatory approval and the satisfaction of other customary closing conditions.” · word for word

Shareholder litigation risk from three complaints alleging inadequate proxy disclosures.

“Johnson, Clark, and Lacoff complaints filed in July 2026 seeking injunctions and rescission.”

Derivative collateral calls

“Collateral calls represent one of our biggest drivers for liquidity needs for our insurance subsidiaries.” · word for word

Market sensitivity of variable annuity products

“Because the future claims exposure on our insurance products, and in particular our variable annuity products, is sensitive to movements in the equity markets and interest rates” · word for word

Asset Management net outflows of $7.1B driven by active equities, indicating potential client redemptions and market share loss.

“Asset Management reported net outflows of $7.1 billion, primarily driven by active equities.”

Merger integration risk with Corebridge Financial; execution risk in achieving projected synergies and accretion.

“Announced an all-stock merger with Corebridge Financial. The transaction is expected to close by year-end 2026, subject to a shareholder vote and regulatory approvals.” · word for word

Uncertainty around share repurchase execution and merger completion.

“There can be no assurance that the Company will determine to make such share repurchases” · word for word

Merger still subject to regulatory approvals and Corebridge stockholder vote; integration risk.

“Nippon Life is obligated to use its reasonable best efforts to obtain regulatory and governmental approvals”

Execution risk from merger integration.

“Merger transaction announced; integration details not provided.”

Regulation 213 Impact on Dividend Capacity

“Regulation 213 materially increases the statutory basis reserves that New York-licensed insurers are required to carry which could adversely affect their capacity to distribute dividends.” · word for word

Active Equity Outflows

“Actively Managed Equity net long-term inflows (outflows) $(22.5) billion for 2025.”

Market Sensitivity of AUM and Fees

“Generally, AB is compensated for its investment services on the basis of investment advisory and services fees calculated as a percentage of AUM.” · word for word

Asset Management net outflows of $11.3B in 2025 indicate competitive pressure.

“Net outflows of $11.3 billion in Asset Management for full year 2025.” · word for word

RGA Reinsurance Transaction Execution Risk

“The transfer of assets resulted in a loss of $1.1 billion to the Company, recorded in Investment gains (losses), net.” · word for word

Derivative and Market Risk

“Net derivative gains (losses): $(1,117) million for Q3 2025 vs. $(714) million for Q3 2024.”

Capital and Leverage Risk

“Total Equity: $1,604 million at September 30, 2025 vs. $3,423 million at December 31, 2024.”

Novation Loss Risk

“As a result of the novation of certain Legacy VA policies completed during the first quarter 2025, the Company recorded a loss of $499 million in pre-tax net income.” · word for word

Net loss of $1.3B driven by one-time life reinsurance transaction impact.

“Net loss of $1.3 billion, or $(4.47) per share, primarily driven by a one-time impact from the life reinsurance transaction” · word for word