Equitable Holdings, Inc. (EQH) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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Equitable Holdings, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net derivative (gains) losses → operating reconciliation: $2,055,000,000.00Interest credited to policyholders’ account balances → operating reconciliation: $834,000,000.00Amortization and depreciation → operating reconciliation: $239,000,000.00Other, net → operating reconciliation: $185,000,000.00Segregated cash and securities, net → operating reconciliation: $123,000,000.00Credit and intent to sell losses on available-for-sale debt securities and loans → operating reconciliation: $44,000,000.00Non-cash long term incentive compensation expense → operating reconciliation: $38,000,000.00Investment (gains) losses, net → operating reconciliation: $21,000,000.00operating reconciliation → Net cash from operating activities: $643,000,000.00operating reconciliation → Net income (loss): $353,000,000.00operating reconciliation → Change in market risk benefits: $1,001,000,000.00operating reconciliation → Policy charges and fee income: $426,000,000.00operating reconciliation → Current and deferred income taxes: $337,000,000.00operating reconciliation → Capitalization of deferred policy acquisition costs: $295,000,000.00operating reconciliation → Reinsurance recoverable and related balances, net: $198,000,000.00operating reconciliation → Future policy benefits: $141,000,000.00operating reconciliation → Net broker-dealer and customer related receivables/payables: $73,000,000.00operating reconciliation → Realized and unrealized (gains) losses on trading securities: $46,000,000.00operating reconciliation → Remeasurement of liability for future policy benefits: $15,000,000.00operating reconciliation → Equity (income) loss from limited partnerships: $11,000,000.00Deposits → financing reconciliation: $7,679,000,000.00Change in collateralized pledged liabilities → financing reconciliation: $3,768,000,000.00Change in collateralized pledged assets → financing reconciliation: $545,000,000.00Transfers (to) from Separate Accounts → financing reconciliation: $501,000,000.00Other, net → financing reconciliation: $64,000,000.00Proceeds from notes issued by consolidated VIEs → financing reconciliation: $10,000,000.00financing reconciliation → Net cash from financing activities: $8,797,000,000.00financing reconciliation → Withdrawals: $2,894,000,000.00financing reconciliation → Purchase of treasury shares: $366,000,000.00financing reconciliation → Payments of market risk benefits: $165,000,000.00financing reconciliation → Change in securities lending: $98,000,000.00financing reconciliation → Distribution to noncontrolling interest of consolidated subsidiaries: $86,000,000.00financing reconciliation → Dividends paid on common stock: $83,000,000.00financing reconciliation → Purchases (redemptions) of noncontrolling interests of consolidated company-sponsored investment funds: $44,000,000.00financing reconciliation → Purchase of AB Holding Units to fund long-term incentive compensation plan awards, net: $21,000,000.00financing reconciliation → Dividends paid on preferred stock: $13,000,000.00Net cash used in investing activities → investing reconciliation: $2,162,000,000.00Fixed maturities, available-for-sale → investing reconciliation: $4,193,000,000.00Cash settlements related to derivative instruments, net → investing reconciliation: $1,144,000,000.00Mortgage loans on real estate → investing reconciliation: $838,000,000.00Fixed maturities, at fair value using the fair value option → investing reconciliation: $176,000,000.00Trading account securities → investing reconciliation: $155,000,000.00Other → investing reconciliation: $87,000,000.00Other → investing reconciliation: $69,000,000.00Short term investments → investing reconciliation: $8,000,000.00investing reconciliation → Fixed maturities, available-for-sale: $5,506,000,000.00investing reconciliation → Mortgage loans on real estate: $2,882,000,000.00investing reconciliation → Trading account securities: $212,000,000.00investing reconciliation → Fixed maturities, at fair value using the fair value option: $180,000,000.00investing reconciliation → Other, net: $30,000,000.00investing reconciliation → Short term investments: $12,000,000.00investing reconciliation → Investment in capitalized software, leasehold improvements and EDP equipment: $10,000,000.00Exchange-rate effect → Cash sources and uses: $1,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $9,904,000,000.00Net cash from operating activities → Cash sources and uses: $643,000,000.00Net cash from financing activities → Cash sources and uses: $8,797,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $17,183,000,000.00Cash sources and uses → Net cash used in investing activities: $2,162,000,000.00Interest credited to policyholders’ account balances: $834,000,000.00Policyholder interest credited+$834.00 MPolicy charges and fee income: -$426,000,000.00Policy charges and fee income−$426.00 MNet derivative (gains) losses: $2,055,000,000.00Derivative gain & loss, net+$2.06 BCredit and intent to sell losses on available-for-sale debt securities and loans: $44,000,000.00AFS credit & intent-to-sell losses+$44.00 MInvestment (gains) losses, net: $21,000,000.00Investment gain & loss+$21.00 MRealized and unrealized (gains) losses on trading securities: -$46,000,000.00Trading securities gain & loss−$46.00 MLoss on novation: $0.00AB Retirement plan losses: $0.00Non-cash long term incentive compensation expense: $38,000,000.00Accrued compensation+$38.00 MAmortization and depreciation: $239,000,000.00Amortization and depreciation+$239.00 MRemeasurement of liability for future policy benefits: -$15,000,000.00Policy benefit remeasurement−$15.00 MChange in market risk benefits: -$1,001,000,000.00Market risk benefits, net−$1.00 BEquity (income) loss from limited partnerships: -$11,000,000.00Partnership income & loss−$11.00 MNet broker-dealer and customer related receivables/payables: -$73,000,000.00Broker & customer balances, net−$73.00 MReinsurance recoverable and related balances, net: -$198,000,000.00Reinsurance recoverables−$198.00 MSegregated cash and securities, net: $123,000,000.00Segregated cash & securities, net+$123.00 MCapitalization of deferred policy acquisition costs: -$295,000,000.00Deferred acquisition costs−$295.00 MFuture policy benefits: -$141,000,000.00Policy benefit reserves−$141.00 MCurrent and deferred income taxes: -$337,000,000.00Income taxes payable−$337.00 MOther, net: $185,000,000.00Other non-cash items+$185.00 MNet income (loss): -$353,000,000.00Net income (loss)−$353.00 MNet cash from operating activities: $643,000,000.00Operating cash+$643.00 Moperating reconciliation: $3,539,000,000.00Deposits: $7,679,000,000.00Contractholder deposits+$7.68 BWithdrawals: -$2,894,000,000.00Contractholder withdrawals−$2.89 BTransfers (to) from Separate Accounts: $501,000,000.00Transfers with Separate Accounts+$501.00 MPayments of market risk benefits: -$165,000,000.00Payments of market risk benefits−$165.00 MRepayment of short-term financings: $0.00Change in collateralized pledged assets: $545,000,000.00Collateralized pledged assets+$545.00 MChange in collateralized pledged liabilities: $3,768,000,000.00Collateralized pledged liabilities+$3.77 BIssuance of long-term debt: $0.00Proceeds from collateralized loan obligations: $0.00Repayment of collateralized loan obligations: $0.00Proceeds from notes issued by consolidated VIEs: $10,000,000.00Consolidated VIE notes issued+$10.00 MRepayment of notes issued by consolidated VIEs: $0.00Dividends paid on common stock: -$83,000,000.00Common dividends paid−$83.00 MDividends paid on preferred stock: -$13,000,000.00Preferred dividends paid−$13.00 MRedemption of preferred stock: $0.00Purchase of AllianceBernstein Units: $0.00Purchase of AB Holding Units to fund long-term incentive compensation plan awards, net: -$21,000,000.00AB Holding unit purchases, net−$21.00 MPurchase of treasury shares: -$366,000,000.00Common stock repurchases−$366.00 MPurchases (redemptions) of noncontrolling interests of consolidated company-sponsored investment funds: -$44,000,000.00Fund noncontrolling interests, net−$44.00 MDistribution to noncontrolling interest of consolidated subsidiaries: -$86,000,000.00Paid to noncontrolling interests−$86.00 MChange in securities lending: -$98,000,000.00Securities lending, net−$98.00 MOther, net: $64,000,000.00Other financing, net+$64.00 MNet cash from financing activities: $8,797,000,000.00Financing cash+$8.80 Bfinancing reconciliation: $12,567,000,000.00Fixed maturities, available-for-sale: $4,193,000,000.00AFS securities proceeds+$4.19 BFixed maturities, at fair value using the fair value option: $176,000,000.00Fixed maturity sales, FV+$176.00 MMortgage loans on real estate: $838,000,000.00Mortgage note collections+$838.00 MTrading account securities: $155,000,000.00Trading sales & maturities+$155.00 MShort term investments: $8,000,000.00Short-term investment sales+$8.00 MOther: $87,000,000.00Other investment proceeds+$87.00 MFixed maturities, available-for-sale: -$5,506,000,000.00AFS securities purchases−$5.51 BFixed maturities, at fair value using the fair value option: -$180,000,000.00Fixed maturity purchases, FV−$180.00 MMortgage loans on real estate: -$2,882,000,000.00Mortgage note purchases−$2.88 BMortgage loans, at fair value using the fair value option: $0.00Trading account securities: -$212,000,000.00Trading securities purchases−$212.00 MShort term investments: -$12,000,000.00Short-term investment purchases−$12.00 MOther: $69,000,000.00Other investment purchases+$69.00 MCash settlements related to derivative instruments, net: $1,144,000,000.00Derivatives, net+$1.14 BInvestment in capitalized software, leasehold improvements and EDP equipment: -$10,000,000.00Software, leasehold & EDP purchases−$10.00 MOther, net: -$30,000,000.00Other investing, net−$30.00 MNet cash used in investing activities: -$2,162,000,000.00. Cash required to fund net payments.Investing cash−$2.16 Binvesting reconciliation: $8,832,000,000.00Cash sources and uses: $19,345,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $9,904,000,000.00Beginning cash$9.90 BEnding cash: Cash, cash equivalents, and restricted cash: $17,183,000,000.00Ending cash$17.18 BExchange-rate effect: $1,000,000.00FX effect+$1.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$353.00M + net operating adjustments $996.00M = operating cash +$643.00MFree cash flowNot availableCash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$7.28 BEnding cash − beginning cash
Chart details

Equitable Holdings, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
9,904,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
643,000,000 US dollars. Net cash provided.
Interest credited to policyholders’ account balances
834,000,000 US dollars
Policy charges and fee income
negative 426,000,000 US dollars
Net derivative (gains) losses
2,055,000,000 US dollars
Credit and intent to sell losses on available-for-sale debt securities and loans
44,000,000 US dollars
Investment (gains) losses, net
21,000,000 US dollars
Realized and unrealized (gains) losses on trading securities
negative 46,000,000 US dollars
Loss on novation
0 US dollars
AB Retirement plan losses
0 US dollars
Non-cash long term incentive compensation expense
38,000,000 US dollars
Amortization and depreciation
239,000,000 US dollars
Remeasurement of liability for future policy benefits
negative 15,000,000 US dollars
Change in market risk benefits
negative 1,001,000,000 US dollars
Equity (income) loss from limited partnerships
negative 11,000,000 US dollars
Net broker-dealer and customer related receivables/payables
negative 73,000,000 US dollars
Reinsurance recoverable and related balances, net
negative 198,000,000 US dollars
Segregated cash and securities, net
123,000,000 US dollars
Capitalization of deferred policy acquisition costs
negative 295,000,000 US dollars
Future policy benefits
negative 141,000,000 US dollars
Current and deferred income taxes
negative 337,000,000 US dollars
Other, net
185,000,000 US dollars
Net income (loss)
negative 353,000,000 US dollars
Investing activities
negative 2,162,000,000 US dollars. Net cash used.
Fixed maturities, available-for-sale
4,193,000,000 US dollars
Fixed maturities, at fair value using the fair value option
176,000,000 US dollars
Mortgage loans on real estate
838,000,000 US dollars
Trading account securities
155,000,000 US dollars
Short term investments
8,000,000 US dollars
Other
87,000,000 US dollars
Fixed maturities, available-for-sale
negative 5,506,000,000 US dollars
Fixed maturities, at fair value using the fair value option
negative 180,000,000 US dollars
Mortgage loans on real estate
negative 2,882,000,000 US dollars
Mortgage loans, at fair value using the fair value option
0 US dollars
Trading account securities
negative 212,000,000 US dollars
Short term investments
negative 12,000,000 US dollars
Other
69,000,000 US dollars
Cash settlements related to derivative instruments, net
1,144,000,000 US dollars
Investment in capitalized software, leasehold improvements and EDP equipment
negative 10,000,000 US dollars
Other, net
negative 30,000,000 US dollars
Financing activities
8,797,000,000 US dollars. Net cash provided.
Deposits
7,679,000,000 US dollars
Withdrawals
negative 2,894,000,000 US dollars
Transfers (to) from Separate Accounts
501,000,000 US dollars
Payments of market risk benefits
negative 165,000,000 US dollars
Repayment of short-term financings
0 US dollars
Change in collateralized pledged assets
545,000,000 US dollars
Change in collateralized pledged liabilities
3,768,000,000 US dollars
Issuance of long-term debt
0 US dollars
Proceeds from collateralized loan obligations
0 US dollars
Repayment of collateralized loan obligations
0 US dollars
Proceeds from notes issued by consolidated VIEs
10,000,000 US dollars
Repayment of notes issued by consolidated VIEs
0 US dollars
Dividends paid on common stock
negative 83,000,000 US dollars
Dividends paid on preferred stock
negative 13,000,000 US dollars
Redemption of preferred stock
0 US dollars
Purchase of AllianceBernstein Units
0 US dollars
Purchase of AB Holding Units to fund long-term incentive compensation plan awards, net
negative 21,000,000 US dollars
Purchase of treasury shares
negative 366,000,000 US dollars
Purchases (redemptions) of noncontrolling interests of consolidated company-sponsored investment funds
negative 44,000,000 US dollars
Distribution to noncontrolling interest of consolidated subsidiaries
negative 86,000,000 US dollars
Change in securities lending
negative 98,000,000 US dollars
Other, net
64,000,000 US dollars
Operating adjustment reconciliation
3,539,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
12,567,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
8,832,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
1,000,000 US dollars
Ending cash on Jun 30, 2026
17,183,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
19,345,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
7,279,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$353.00M + net operating adjustments $996.00M = operating cash +$643.00M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
Equitable Holdings, Inc. (EQH) FY2026 Q2 Statement of Cash Flows Sankey chart
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