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

- Company: Equitable Holdings, Inc. (EQH)
- Period: 2026-01-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-06, accession number 0001333986-26-000040
- Page: https://plicit.ai/financials/eqh/fy2026-ytd-q2-cash-flow
- Chart image: https://plicit.ai/charts/eqh-fy2026-ytd-q2-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. 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 Dec 31, 2025**: 12,462,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 1,142,000,000 US dollars. Net cash provided.
- **Interest credited to policyholders’ account balances**: 1,604,000,000 US dollars
- **Policy charges and fee income**: negative 855,000,000 US dollars
- **Net derivative (gains) losses**: 1,475,000,000 US dollars
- **Credit and intent to sell losses on available-for-sale debt securities and loans**: 37,000,000 US dollars
- **Investment (gains) losses, net**: 57,000,000 US dollars
- **Realized and unrealized (gains) losses on trading securities**: negative 15,000,000 US dollars
- **Loss on novation**: 13,000,000 US dollars
- **AB Retirement plan losses**: 0 US dollars
- **Non-cash long term incentive compensation expense**: 60,000,000 US dollars
- **Amortization and depreciation**: 463,000,000 US dollars
- **Remeasurement of liability for future policy benefits**: negative 6,000,000 US dollars
- **Change in market risk benefits**: negative 676,000,000 US dollars
- **Equity (income) loss from limited partnerships**: negative 40,000,000 US dollars
- **Net broker-dealer and customer related receivables/payables**: negative 90,000,000 US dollars
- **Reinsurance recoverable and related balances, net**: negative 966,000,000 US dollars
- **Segregated cash and securities, net**: 271,000,000 US dollars
- **Capitalization of deferred policy acquisition costs**: negative 596,000,000 US dollars
- **Future policy benefits**: negative 215,000,000 US dollars
- **Current and deferred income taxes**: negative 372,000,000 US dollars
- **Other, net**: 615,000,000 US dollars
- **Net income (loss)**: 378,000,000 US dollars
- **Investing activities**: negative 5,117,000,000 US dollars. Net cash used.
- **Fixed maturities, available-for-sale**: 6,955,000,000 US dollars
- **Fixed maturities, at fair value using the fair value option**: 331,000,000 US dollars
- **Mortgage loans on real estate**: 1,323,000,000 US dollars
- **Trading account securities**: 297,000,000 US dollars
- **Short term investments**: 11,000,000 US dollars
- **Other**: 300,000,000 US dollars
- **Fixed maturities, available-for-sale**: negative 10,862,000,000 US dollars
- **Fixed maturities, at fair value using the fair value option**: negative 363,000,000 US dollars
- **Mortgage loans on real estate**: negative 3,451,000,000 US dollars
- **Mortgage loans, at fair value using the fair value option**: negative 25,000,000 US dollars
- **Trading account securities**: negative 451,000,000 US dollars
- **Short term investments**: negative 20,000,000 US dollars
- **Other**: negative 378,000,000 US dollars
- **Cash settlements related to derivative instruments, net**: 1,324,000,000 US dollars
- **Investment in capitalized software, leasehold improvements and EDP equipment**: negative 19,000,000 US dollars
- **Other, net**: negative 89,000,000 US dollars
- **Financing activities**: 8,701,000,000 US dollars. Net cash provided.
- **Deposits**: 12,842,000,000 US dollars
- **Withdrawals**: negative 6,896,000,000 US dollars
- **Transfers (to) from Separate Accounts**: 968,000,000 US dollars
- **Payments of market risk benefits**: negative 329,000,000 US dollars
- **Repayment of short-term financings**: negative 25,000,000 US dollars
- **Change in collateralized pledged assets**: negative 177,000,000 US dollars
- **Change in collateralized pledged liabilities**: 2,907,000,000 US dollars
- **Issuance of long-term debt**: 0 US dollars
- **Proceeds from collateralized loan obligations**: 33,000,000 US dollars
- **Repayment of collateralized loan obligations**: negative 7,000,000 US dollars
- **Proceeds from notes issued by consolidated VIEs**: 802,000,000 US dollars
- **Repayment of notes issued by consolidated VIEs**: negative 367,000,000 US dollars
- **Dividends paid on common stock**: negative 159,000,000 US dollars
- **Dividends paid on preferred stock**: negative 27,000,000 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 28,000,000 US dollars
- **Purchase of treasury shares**: negative 513,000,000 US dollars
- **Purchases (redemptions) of noncontrolling interests of consolidated company-sponsored investment funds**: 35,000,000 US dollars
- **Distribution to noncontrolling interest of consolidated subsidiaries**: negative 185,000,000 US dollars
- **Change in securities lending**: negative 208,000,000 US dollars
- **Other, net**: 35,000,000 US dollars
- **Operating adjustment reconciliation**: 4,595,000,000 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**: 17,622,000,000 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**: 15,658,000,000 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**: negative 5,000,000 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**: 22,305,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 4,721,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 3.02×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

### 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 income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $764.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- 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.