olivLaw · US equity research
Equitable Holdings, Inc. EQH
Insurance Agents, Brokers & Service · SIC 6411 · Vertical: Insurance Agents, Brokers & Service (SIC 6411)
Equitable Holdings is a US financial services group offering retirement, asset management and wealth management through three franchises: Equitable, AllianceBernstein and Equitable Advisors. The company is merging with Corebridge Financial, approved by shareholders in July 2026, which could create a larger combined entity with over a trillion dollars in assets under management.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Equitable Holdings, Inc. (EQH) stock was 56.12 USD (+1.59% on the day), with market capitalisation 15.3 bn USD, dividend yield 1.98%, beta 1.36, 52-week range 35.34–56.12 USD. Latest reported quarter (Q2 2026): revenue of 1.7 bn USD (−29.8% YoY), net income of -453.0 m USD, diluted EPS -1.68 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 63.2
- strong (55–70)
- Bollinger (20, 2)
- 52.19 – 55.69
- above the upper band · %B 1.12 · band width 6.5%
- SMA 50 / 200
- 53.06 / 45.98
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.62 / 0.49
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +3.9% | −1.1% | +5.0 pp | — |
| 3 months | +9.4% | −0.5% | +9.8 pp | — |
| 6 months | +28.4% | +4.4% | +24.0 pp | — |
| Year to date | +17.8% | +12.3% | +5.5 pp | — |
| 1 year | +14.9% | +13.5% | +1.3 pp | −3.9% |
| 3 years | +103.0% | +76.4% | +26.6 pp | +1.3% |
| 5 years | +59.5% | +63.7% | −4.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.1 bn | 3.6 bn | 4.6 bn | 2.4 bn | 1.5 bn | 3.3 bn | 4.2 bn | 1.7 bn |
| Interest expense | 60.0 m | 55.0 m | 58.0 m | 72.0 m | 65.0 m | 53.0 m | 68.0 m | 61.0 m |
| Pre-tax income | -11.0 m | 1.2 bn | 174.0 m | -363.0 m | -1.3 bn | 344.0 m | 887.0 m | -493.0 m |
| Income tax | -39.0 m | 179.0 m | 24.0 m | -80.0 m | -133.0 m | 33.0 m | 156.0 m | -140.0 m |
| Net income | -132.0 m | 892.0 m | 63.0 m | -349.0 m | -1.3 bn | 215.0 m | 621.0 m | -453.0 m |
| Diluted EPS | -0.46 | 2.82 ≈ | 0.16 | -1.21 | -4.47 | 0.75 ≈ | 2.14 | -1.68 |
| Operating cash flow | 683.0 m ≈ | 400.0 m | 158.0 m | 341.0 m ≈ | 369.0 m ≈ | -154.0 m | 499.0 m | 643.0 m ≈ |
| Dividends paid | 76.0 m ≈ | 75.0 m | 74.0 m | 82.0 m ≈ | 81.0 m ≈ | 77.0 m | 76.0 m | 83.0 m ≈ |
| Share repurchases | 254.0 m ≈ | 260.0 m | 262.0 m | 235.0 m ≈ | 676.0 m ≈ | 277.0 m | 147.0 m | 366.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | ⚠ 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12.1 bn | 9.6 bn | 12.4 bn | 7.6 bn | 12.6 bn | 10.5 bn | 12.4 bn | 11.7 bn |
| Revenue YoY | −3.1% | −20.3% | +29.1% | — | +66.1% | −17.3% | +18.8% | −6.1% |
| Net income | 1.9 bn | -1.8 bn | -648.0 m | 1.8 bn | 2.2 bn | 1.3 bn | 1.3 bn | -1.4 bn |
| Net income YoY | +122.4% | −195.1% | unavailable | — | +22.7% | −40.4% | −0.2% | −207.8% |
| Diluted EPS | 3.33 | -3.57 | -1.56 | 3.98 | 5.46 | 3.42 | 3.69 | -4.83 |
| Diluted EPS YoY | +123.5% | −207.2% | unavailable | — | +37.2% | −37.4% | +7.9% | −230.9% |
| net % | 15.4% | -18.3% | -5.2% | 23.0% | 17.0% | 12.3% | 10.3% | -11.8% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
The series breaks before 2021: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 12.5 bn USD
- Financial debt
- 3.9 bn USD
- Net debt
- -8.6 bn USD
- Equity
- 1.5 bn USD
- Total assets
- 318.0 bn USD
- Debt / equity
- 2.63x
- Current ratio
- unavailable
- ROE
- -56.5%
- ROA
- -0.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 12.4 bn | 7.6 bn | 12.6 bn | 10.5 bn | 12.4 bn | 11.7 bn | SEC (XBRL)· 25 Feb 2026verified |
| Interest expense | 200.0 m | 244.0 m | 201.0 m | 228.0 m | 241.0 m | 248.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Pre-tax income | -1.1 bn | 2.6 bn | 3.0 bn | 714.0 m | 2.1 bn | -1.2 bn | SEC (XBRL)· 25 Feb 2026verified |
| Income tax | -744.0 m | 439.0 m | 598.0 m | -910.0 m | 280.0 m | -156.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Net income | -648.0 m | 1.8 bn | 2.2 bn | 1.3 bn | 1.3 bn | -1.4 bn | SEC (XBRL)· 25 Feb 2026verified |
| Diluted EPS | -1.56 | 3.98 | 5.46 | 3.42 | 3.69 | -4.83 | SEC (XBRL)· 25 Feb 2026verified |
| Weighted average diluted shares | 450.4 m | 421.2 m | 379.9 m | 351.6 m | 324.8 m | 298.1 m | SEC (XBRL)· 25 Feb 2026verified |
| Dividend per share | 0.66 | 0.71 | 0.78 | 0.86 | 0.94 | 1.05 | SEC (XBRL)· 25 Feb 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 6.2 bn | 5.2 bn | 4.3 bn | 8.2 bn | 7.0 bn | 12.5 bn | SEC (XBRL)· 25 Feb 2026verified |
| Total assets | 275.4 bn | 292.3 bn | 252.7 bn | 276.7 bn | 295.7 bn | 318.0 bn | SEC (XBRL)· 25 Feb 2026verified |
| Short-term debt | 0 | 92.0 m | 759.0 m | 254.0 m | 0 | 25.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Long-term debt | — | 3.8 bn | 3.3 bn | 3.8 bn | 3.8 bn | 3.8 bn | SEC (XBRL)· 25 Feb 2026verified |
| Total liabilities | 258.1 bn | 278.7 bn | 249.1 bn | 271.6 bn | 292.2 bn | 316.2 bn | SEC (XBRL)· 25 Feb 2026verified |
| Equity | 17.2 bn | 11.9 bn | 3.2 bn | 4.4 bn | 3.4 bn | 1.5 bn | SEC (XBRL)· 25 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -61.0 m | -193.0 m | -250.0 m | -208.0 m | 2.0 bn | 714.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Investing cash flow | -7.8 bn | -12.7 bn | -7.5 bn | -4.9 bn | -15.9 bn | -11.0 bn | SEC (XBRL)· 25 Feb 2026verified |
| Financing cash flow | 9.7 bn | 11.9 bn | 7.0 bn | 9.0 bn | 12.4 bn | 15.7 bn | SEC (XBRL)· 25 Feb 2026verified |
| Dividends paid | 297.0 m | 296.0 m | 294.0 m | 301.0 m | 302.0 m | 314.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Share repurchases | 430.0 m | 1.6 bn | 849.0 m | 919.0 m | 1.0 bn | 1.5 bn | SEC (XBRL)· 25 Feb 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 20.8% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 15.3 bn USD
Key indicators
Coverage and freshness
Score by group
21% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 13.80 – 18.56 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)13.80 – 18.56 (Mid 15.83)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 20.8% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -8.7% | 28 (vs peers) | 30% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -2.7% | 0 (on a fixed band) | 40% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 11.6% | 100 (on a fixed band) | 30% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial28/100 · 1/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
EQUITABLE HOLDINGS, INC. (EQH). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 11.7 bn USD in 2025; YoY growth -6.1%; net margin -8.7%; ROE -508.8%.
The estimated value range is 13.80–18.56 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 15.83 USD, the price of 56.12 USD leaves a potential of -71.8% (value / price − 1) and a margin of safety of -254.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 20.8% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Shareholder yield (distributions): 11.6%
What contradicts it
- Net margin: -8.7%
- Revenue CAGR 3Y: -2.7%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, P/E (TTM), EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Insurance Agents, Brokers & Service (SIC 6411) · same industry (4-digit SIC) · compared with 29 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| MRSHMarsh & Mclennan Companies, Inc. | 100.0 bn | 25.2 | 26.7% | 14.2% | +10.3% | +15% / +5% |
| XHGXChange TEC.INC | 85.9 bn | — | — | -204.9% | +24.9% | +253% / −100% |
| AJGArthur J. Gallagher & Co. | 73.9 bn | 47.1 | 6.7% | 10.0% | +20.7% | +16% / +16% |
| AONAon plc | 73.1 bn | 18.9 | 43.6% | 22.2% | +9.4% | −3% / +5% |
| WTWWillis Towers Watson PLC | 31.1 bn | 20.5 | 20.2% | 15.2% | −2.2% | +5% / +37% |
| BROBrown & Brown, Inc. | 24.5 bn | 22.1 | 9.7% | 17.6% | +22.8% | −8% / −1% |
| EQHEquitable Holdings, Inc. | 15.3 bn | — | -508.8% | -8.7% | −6.1% | +15% / +103% |
| AIFUAIFU Inc. | 10.5 bn | — | -155.9% | -408.8% | −67.9% | −84% / −100% |
| ACTEnact Holdings, Inc. | 6.6 bn | 10.7 | 12.7% | 53.8% | +2.8% | +25% / +74% |
| HGTYHagerty, Inc. | 6.5 bn | 108.0 | 25.6% | 4.4% | +17.3% | +40% / +121% |
| RYANRyan Specialty Holdings, Inc. | 5.2 bn | 49.9 | 19.4% | 3.2% | +21.3% | −18% / +4% |
| CRVLCorvel Corporation | 4.4 bn | 38.9 | 30.7% | 11.7% | +7.0% | +19% / +26% |
| WDHWaterdrop Inc. | 3.6 bn | 50.5 | 11.6% | 14.2% | +49.8% | −44% / −16% |
| ARXAccelerant Holdings | 3.3 bn | — | -241.6% | -112.1% | +51.5% | +36% / unavailable |
| NPNeptune Insurance Holdings Inc. | 2.7 bn | 91.6 | — | 22.7% | +33.7% | +22% / unavailable |
| GSHDGoosehead Insurance, Inc. | 1.2 bn | 33.8 | — | 8.8% | +16.2% | −21% / −23% |
| HUIZHuize Holding Limited | 1.1 bn | — | 1.0% | 0.3% | +32.2% | −31% / −48% |
| BWINThe Baldwin Insurance Group, Inc. | 1.1 bn | — | -10.7% | -4.7% | +8.3% | +13% / +84% |
| RDZNRoadzen Inc. | 92.8 m | — | — | -46.9% | +24.2% | −37% / −78% |
| SLQTSelectQuote, Inc. | 88.1 m | 7.3 | 23.4% | 4.6% | +6.0% | −66% / −61% |
| EHTHeHealth, Inc | 20.3 m | — | 5.0% | 5.4% | +4.1% | −84% / −91% |
| EZRAReliance Global Group, Inc. | 2.4 m | — | -123.4% | -54.3% | −11.6% | −91% / −100% |
| LIFEEthos Technologies Inc. | 0 | — | -50.8% | -16.2% | +52.0% | unavailable / unavailable |
| CRD-ACrawford & Co | — | — | 14.0% | 2.0% | −2.2% | +7% / +7% |
| YBYuanbao Inc. | — | — | 152.7% | 29.9% | +33.1% | −43% / unavailable |
1- and 3-year price returns: for EQH from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (02 Nov 2026 · results).
In brief
Equitable Holdings is a US financial services group offering retirement, asset management and wealth management through three franchises: Equitable, AllianceBernstein and Equitable Advisors. The company is merging with Corebridge Financial, approved by shareholders in July 2026, which could create a larger combined entity with over a trillion dollars in assets under management 123.
SWOT
Strengths
- Integrated model combining product manufacturing, asset management and distribution, supporting internal flows between franchises 1.
- Large asset base and positive net flows across all franchises in the second quarter of 2026 3.
- Long operating history and a national adviser network that supports client acquisition and retention 1.
Weaknesses
Opportunities
Threats
- Market volatility, geopolitical tensions and concerns about private credit could reduce flows and the value of assets under management 2.
- Regulatory changes on capital and structured-security investments could raise insurer costs 2.
- Competition for advisers and clients from banks and brokers could pressure distribution margins 1.
Risks
- Capital market exposurehigh
Sharp market declines could reduce assets under management, fee income and profitability of products with guarantees 2.
- Merger integrationmedium
If integration with Corebridge or regulatory approvals are delayed, the expected benefits could be postponed 23.
- Insurance regulationmedium
New reserve and CLO investment rules could raise capital requirements for insurers 2.
- Concentration in AllianceBernsteinlow
Equitable is AllianceBernstein's largest client, which could make the company's revenues dependent on one commercial relationship 1.
Investment thesis
What would need to be true (bull case)
- If markets stay favorable and net flows remain positive, growth in assets under management could support operating earnings per share 3.
- Completing the Corebridge merger could create a larger entity with announced accretion in the near and medium term 23.
- The integrated model and adviser-based distribution could offer competitive advantages if the network keeps its productivity 13.
What would break the thesis
- Market volatility and geopolitical uncertainty could reduce product demand and fee income 2.
- Integration risks and regulatory approvals could delay or reduce the benefits of the merger 23.
- The negative reported net result in the second quarter of 2026 shows that reported results can differ from adjusted operating results 3.
What to watch
- Closing of the Corebridge merger and regulatory approvals2026
- Net flows by segment and dividend payout ratioQ3 2026
- Evolution of adjusted operating earnings and cash generation targetQ4 2026
- NAIC rules on CLO investments and capital requirements2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (02 Nov 2026 · results).
The business
Equitable Holdings is a major provider of retirement, asset management and wealth management solutions for individual and institutional clients in the United States, operating since 1859 1. Its integrated model combines three roles: Equitable manufactures products, AllianceBernstein manages investments, and Equitable Advisors distributes advice and products 1. The company holds an approximate 68% economic interest in AllianceBernstein, so its performance is closely tied to consolidated results 1.
Activity is organized in three reportable segments, Retirement, Asset Management and Wealth Management, plus Corporate and Other for unallocated items and legacy life business 1. The structure aims to convert investment returns for clients into higher sales and net flows for retirement products 1. In 2026 the company is preparing to merge with Corebridge, and the resulting entity would take the name Equitable Holdings, Inc. 2.
Second quarter 2026 results showed organic growth across all three franchises, with non-GAAP operating earnings of 488 million dollars, or 1.70 dollars per share 3. The company returned 449 million dollars to shareholders in the quarter and remains on track for its 60-70% payout target in 2026 3.
Segments
Retirement
The Retirement segment offers individual annuities (including RILAs and variable annuities), workplace retirement plans and institutional savings products; in 2025 total FYP and deposits were 22.361 billion dollars and total net flows were 5.923 billion dollars 1. In the second quarter of 2026 the segment had net inflows of 1.7 billion dollars and assets rose 15% year over year 3.
Asset Management
AllianceBernstein, with about 866.9 billion dollars in AUM at the end of 2025, provides equity, fixed income, multi-asset and alternative investment services to institutional, retail and private wealth clients 1. The 68% stake and dependence on base fees make market performance a major driver, and AUM reached 905.5 billion dollars at June 30, 2026 3.
Wealth Management
Equitable Advisors comprises about 4,600 financial advisors with a national footprint of over 80 branches and offers advice, investment and insurance products 1. Assets under administration grew 27% over the last twelve months to 141 billion dollars, partly due to the Stifel transaction, and advisory net inflows were 2.0 billion dollars in the second quarter of 2026 3.
Market context
The US market for annuities, asset management and wealth advice depends on capital market volatility and interest rates, which affect both fee income and hedging costs 2. In the second quarter of 2026 the S&P 500 returned about 15%, its best quarter since the post-pandemic rebound, supporting asset growth 2. Competition remains intense with life insurers, banks, mutual fund companies and asset managers offering similar products 1.
The regulatory environment is another variable: US insurance regulators are revising capital requirements and rules for structured securities such as CLOs, which could raise capital costs for insurers 2. Uncertainty around fiscal and trade policy and geopolitical tensions adds market volatility that may affect product demand 2.
Trends
- Capital market recoverytailwind
The strong market rebound in the second quarter of 2026 lifted assets under management, which could keep supporting fees if markets remain stable 23.
- Volatility and geopolitical uncertaintyheadwind
Trade tensions, regional conflicts and concerns about private credit could reduce product demand and raise hedging costs if they intensify 2.
- Consolidation through mergermixed
The Corebridge merger could create an entity with greater scale and distribution, but integration and regulatory approvals bring execution risk 23.
Competitive position
In individual annuities, Equitable competes with other life insurers, banks, mutual fund companies and investment managers, with product features, access to capital, diversified distribution and financial strength ratings as key factors 1. In asset management, AllianceBernstein competes with numerous global managers, brokerage firms and banks, and investors favoring passive products add pressure to each 1.
In wealth management, Equitable Advisors faces broker-dealers, financial planning firms, banks and independent advisers, and attracting advisers depends on compensation structure, brand and technology support 1.
- Corebridge FinancialCRBG
Merger partner announced in March 2026, which would form the new Equitable Holdings after the transaction closes 2.
- Major US life and annuity insurers
Companies competing directly on annuity and retirement products, with no reference ticker identified in the sources 1.
- Banks and broker-dealers
Compete for wealth management clients and for distribution of retirement products through direct and independent channels 1.
- Global asset managers
Compete with AllianceBernstein for institutional and retail investment services, especially in alternative assets 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Nippon Life set to gain from affiliate Corebridge's merger with EquitableNikkei Asia · 02 Oct 2026 · EN
- Equitable (EQH) Just Put Bitcoin Inside a Retirement AnnuityYahoo Finance — News · 18 Sept 2026 · EN
- Hennessy Equity and Income Fund Sold Equitable Holdings (EQH) Position Amid Inconsistent EarningsYahoo Finance — News · 01 Sept 2026 · EN
- Xi calls on SCO to work toward more just, equitable global governanceCGTN — World · 01 Sept 2026 · EN
- Russia advocates for equitable security without diktat or pressure — PutinTASS (RU, EN) · 22 May 2026 · RO
The latest news item in our archive is from 02 Oct 2026; the newest SEC filing is from 02 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report02 Nov 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report25 Sept 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Proxy statement10 Aug 2026
- Quarterly report06 Aug 2026
- Current report04 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report30 Jul 2026Shareholder vote · Other events · Financial statements and exhibits
- Current report28 Jul 2026Other events
- Current report21 Jul 2026Other events
- Quarterly report07 May 2026
- Current report04 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Equitable Holdings, Inc. · 25 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Equitable Holdings, Inc. · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Equitable Holdings, Inc. · 04 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.