2022 Q3 Form 10-Q Financial Statement

#000133398622000018 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $3.009B $5.168B $3.855B
YoY Change -16.76% 75.19% -7.91%
Cost Of Revenue $625.0M $914.0M $1.461B
YoY Change -16.78% 10.39% 1.39%
Gross Profit $2.384B $4.254B $2.394B
YoY Change -16.76% 100.47% -12.79%
Gross Profit Margin 79.23% 82.31% 62.1%
Selling, General & Admin $566.0M $518.0M $598.0M
YoY Change -7.82% -8.8% 0.0%
% of Gross Profit 23.74% 12.18% 24.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $216.0M $191.0M $161.0M
YoY Change 145.45% 101.05% 80.9%
% of Gross Profit 9.06% 4.49% 6.73%
Operating Expenses $1.168B $1.261B $1.332B
YoY Change 3.0% 12.49% 27.1%
Operating Profit $1.216B $2.993B $1.062B
YoY Change -29.71% 199.0% -37.42%
Interest Expense $51.00M $50.00M -$595.0M
YoY Change -13.56% -1.96% -83.74%
% of Operating Profit 4.19% 1.67% -56.03%
Other Income/Expense, Net
YoY Change
Pretax Income $419.0M $2.240B $465.0M
YoY Change -54.95% 818.03% -123.01%
Income Tax $92.00M $467.0M $77.00M
% Of Pretax Income 21.96% 20.85% 16.56%
Net Earnings $273.0M $1.728B $254.0M
YoY Change -59.38% 1304.88% -120.52%
Net Earnings / Revenue 9.07% 33.44% 6.59%
Basic Earnings Per Share $0.69 $4.49
Diluted Earnings Per Share $0.69 $4.47 $635.0K
COMMON SHARES
Basic Shares Outstanding 375.6M shares 378.9M shares 404.8M shares
Diluted Shares Outstanding 376.8M shares 380.6M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.139B $5.109B $5.188B
YoY Change -21.24% -11.32% -16.04%
Cash & Equivalents $4.139B $5.109B $5.188B
Short-Term Investments
Other Short-Term Assets $1.335B $1.747B
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $21.39B $23.28B $22.47B
YoY Change -5.75% 2.57% 52.61%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $88.50B $89.20B $101.1B
YoY Change -9.68% -7.49% -3.7%
Other Assets $8.244B $7.541B $6.995B
YoY Change 31.38% 27.58% 48.42%
Total Long-Term Assets $224.2B $230.2B $269.8B
YoY Change -14.39% -12.57% 3.5%
TOTAL ASSETS
Total Short-Term Assets $21.39B $23.28B $22.47B
Total Long-Term Assets $224.2B $230.2B $269.8B
Total Assets $245.6B $253.5B $292.3B
YoY Change -13.7% -11.36% 6.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.932B $1.395B $92.00M
YoY Change 62.22% 68.48%
Long-Term Debt Due $5.338B $5.425B $5.353B
YoY Change -9.03% -24.54% -4.99%
Total Short-Term Liabilities $12.59B $12.61B $12.90B
YoY Change -1.4% -9.82% -6.47%
LONG-TERM LIABILITIES
Long-Term Debt $4.026B $5.698B $11.85B
YoY Change -15.63% 17.07% 61.84%
Other Long-Term Liabilities $223.8B $227.8B $254.0B
YoY Change -11.79% -10.23% 7.17%
Total Long-Term Liabilities $227.8B $233.5B $265.8B
YoY Change -11.87% -9.71% 8.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.59B $12.61B $12.90B
Total Long-Term Liabilities $227.8B $233.5B $265.8B
Total Liabilities $240.4B $246.1B $278.7B
YoY Change -11.37% -9.72% 7.99%
SHAREHOLDERS EQUITY
Retained Earnings $10.84B $10.72B $8.880B
YoY Change 22.38% 22.65% -17.0%
Common Stock $4.000M $4.000M $4.000M
YoY Change -20.0% -20.0% -20.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.202B $3.065B $2.850B
YoY Change 26.21% 20.81% 26.95%
Treasury Stock Shares 140.2M shares 135.7M shares 129.6M shares
Shareholders Equity $3.354B $5.589B $11.52B
YoY Change
Total Liabilities & Shareholders Equity $245.6B $253.5B $292.3B
YoY Change -13.7% -11.36% 6.12%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $273.0M $1.728B $254.0M
YoY Change -59.38% 1304.88% -120.52%
Depreciation, Depletion And Amortization $216.0M $191.0M $161.0M
YoY Change 145.45% 101.05% 80.9%
Cash From Operating Activities $79.00M -$94.00M -$402.0M
YoY Change -67.22% -83.82% 509.09%
INVESTING ACTIVITIES
Capital Expenditures -$83.00M -$19.00M -$27.00M
YoY Change 102.44% -34.48% -57.14%
Acquisitions
YoY Change
Other Investing Activities -$2.441B -$1.558B -$1.887B
YoY Change -0.08% -65.46% -50.24%
Cash From Investing Activities -$2.524B -$1.577B -$1.914B
YoY Change 1.61% -65.26% -50.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.513B 1.108B 2.330B
YoY Change -13.59% -72.26% 55.54%
NET CHANGE
Cash From Operating Activities 79.00M -94.00M -402.0M
Cash From Investing Activities -2.524B -1.577B -1.914B
Cash From Financing Activities 1.513B 1.108B 2.330B
Net Change In Cash -932.0M -563.0M 14.00M
YoY Change 89.43% -50.04% -100.58%
FREE CASH FLOW
Cash From Operating Activities $79.00M -$94.00M -$402.0M
Capital Expenditures -$83.00M -$19.00M -$27.00M
Free Cash Flow $162.0M -$75.00M -$375.0M
YoY Change -42.55% -86.41% 12400.0%

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<div style="margin-bottom:9pt;margin-top:9pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Assumption Updates and Model Changes</span></div><div style="margin-bottom:9pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company conducts its annual review of its assumptions and models during the third quarter of each year. The annual review encompasses assumptions underlying the valuation of unearned revenue liabilities, embedded derivatives for our insurance business, liabilities for future policyholder benefits, DAC and DSI assets.</span></div><div style="margin-bottom:9pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">However, the Company updates its assumptions as needed in the event it becomes aware of economic conditions or events that could require a change in assumptions that it believes may have a significant impact to the carrying value of product liabilities and assets and consequently materially impact its earnings in the period of the change. There were no material assumption updates or model changes in the first and second quarters of 2022 or 2021.</span></div>
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DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
7222000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
17425000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
223000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
1975000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
91000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
19400000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
314000000 usd
CY2022Q2 eqh Debt Securities Exposure In Single Issuer Greater Than Stated Percentage Of Total Investments
DebtSecuritiesExposureInSingleIssuerGreaterThanStatedPercentageOfTotalInvestments
0.005
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
569000000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
91000000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
64000000 usd
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
63000000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
64000000 usd
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
63000000 usd
CY2022Q2 eqh Financing Receivable Excluding Accrued Interest And Nonaccrual Loans Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAndNonaccrualLoansBeforeAllowanceForCreditLoss
14528000000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
16000000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
14544000000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
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us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
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CY2021Q4 eqh Financing Receivable Excluding Accrued Interest And Nonaccrual Loans Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAndNonaccrualLoansBeforeAllowanceForCreditLoss
14079000000 usd
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
16000000 usd
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
14095000000 usd
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
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CY2021 us-gaap Financing Receivable Nonaccrual Interest Income
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CY2022Q2 eqh Financing Receivable Nonaccrual Carrying Value
FinancingReceivableNonaccrualCarryingValue
13000000 usd
CY2021Q4 eqh Financing Receivable Nonaccrual Carrying Value
FinancingReceivableNonaccrualCarryingValue
13000000 usd
CY2022Q2 eqh Net Investment Income Loss Equity Securities Change In Unrealized Holding Gain Loss
NetInvestmentIncomeLossEquitySecuritiesChangeInUnrealizedHoldingGainLoss
-70000000 usd
CY2021Q2 eqh Net Investment Income Loss Equity Securities Change In Unrealized Holding Gain Loss
NetInvestmentIncomeLossEquitySecuritiesChangeInUnrealizedHoldingGainLoss
21000000 usd
eqh Net Investment Income Loss Equity Securities Change In Unrealized Holding Gain Loss
NetInvestmentIncomeLossEquitySecuritiesChangeInUnrealizedHoldingGainLoss
-110000000 usd
eqh Net Investment Income Loss Equity Securities Change In Unrealized Holding Gain Loss
NetInvestmentIncomeLossEquitySecuritiesChangeInUnrealizedHoldingGainLoss
40000000 usd
CY2022Q2 eqh Net Realized And Unrealized Gain Loss On Equity Securities
NetRealizedAndUnrealizedGainLossOnEquitySecurities
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CY2021Q2 eqh Net Realized And Unrealized Gain Loss On Equity Securities
NetRealizedAndUnrealizedGainLossOnEquitySecurities
10000000 usd
eqh Net Realized And Unrealized Gain Loss On Equity Securities
NetRealizedAndUnrealizedGainLossOnEquitySecurities
-11000000 usd
eqh Net Realized And Unrealized Gain Loss On Equity Securities
NetRealizedAndUnrealizedGainLossOnEquitySecurities
4000000 usd
CY2022Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-68000000 usd
CY2021Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
31000000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-121000000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
44000000 usd
CY2022Q2 eqh Separate Account Equity Investment Carrying Value
SeparateAccountEquityInvestmentCarryingValue
35000000 usd
CY2021Q4 eqh Separate Account Equity Investment Carrying Value
SeparateAccountEquityInvestmentCarryingValue
45000000 usd
CY2022Q2 eqh Net Investment Income Loss Trading Securities Changein Unrealized Holding Gain Loss
NetInvestmentIncomeLossTradingSecuritiesChangeinUnrealizedHoldingGainLoss
-108000000 usd
CY2021Q2 eqh Net Investment Income Loss Trading Securities Changein Unrealized Holding Gain Loss
NetInvestmentIncomeLossTradingSecuritiesChangeinUnrealizedHoldingGainLoss
-176000000 usd
eqh Net Investment Income Loss Trading Securities Changein Unrealized Holding Gain Loss
NetInvestmentIncomeLossTradingSecuritiesChangeinUnrealizedHoldingGainLoss
-202000000 usd
eqh Net Investment Income Loss Trading Securities Changein Unrealized Holding Gain Loss
NetInvestmentIncomeLossTradingSecuritiesChangeinUnrealizedHoldingGainLoss
-246000000 usd
CY2022Q2 eqh Net Investment Income Loss Trading Securities Realized Gain Loss
NetInvestmentIncomeLossTradingSecuritiesRealizedGainLoss
4000000 usd
CY2021Q2 eqh Net Investment Income Loss Trading Securities Realized Gain Loss
NetInvestmentIncomeLossTradingSecuritiesRealizedGainLoss
184000000 usd
eqh Net Investment Income Loss Trading Securities Realized Gain Loss
NetInvestmentIncomeLossTradingSecuritiesRealizedGainLoss
6000000 usd
eqh Net Investment Income Loss Trading Securities Realized Gain Loss
NetInvestmentIncomeLossTradingSecuritiesRealizedGainLoss
213000000 usd
CY2022Q2 eqh Net Investment Income Loss Net Realizedand Unrealized Gain Losson Trading Securities Net
NetInvestmentIncomeLossNetRealizedandUnrealizedGainLossonTradingSecuritiesNet
-104000000 usd
CY2021Q2 eqh Net Investment Income Loss Net Realizedand Unrealized Gain Losson Trading Securities Net
NetInvestmentIncomeLossNetRealizedandUnrealizedGainLossonTradingSecuritiesNet
8000000 usd
eqh Net Investment Income Loss Net Realizedand Unrealized Gain Losson Trading Securities Net
NetInvestmentIncomeLossNetRealizedandUnrealizedGainLossonTradingSecuritiesNet
-196000000 usd
eqh Net Investment Income Loss Net Realizedand Unrealized Gain Losson Trading Securities Net
NetInvestmentIncomeLossNetRealizedandUnrealizedGainLossonTradingSecuritiesNet
-33000000 usd
CY2022Q2 eqh Net Investment Income Loss Interestand Dividend Income From Trading Securities
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2000000 usd
CY2021Q2 eqh Net Investment Income Loss Interestand Dividend Income From Trading Securities
NetInvestmentIncomeLossInterestandDividendIncomeFromTradingSecurities
43000000 usd
eqh Net Investment Income Loss Interestand Dividend Income From Trading Securities
NetInvestmentIncomeLossInterestandDividendIncomeFromTradingSecurities
18000000 usd
eqh Net Investment Income Loss Interestand Dividend Income From Trading Securities
NetInvestmentIncomeLossInterestandDividendIncomeFromTradingSecurities
81000000 usd
CY2022Q2 eqh Net Investment Income Loss From Trading Securities
NetInvestmentIncomeLossFromTradingSecurities
-102000000 usd
CY2021Q2 eqh Net Investment Income Loss From Trading Securities
NetInvestmentIncomeLossFromTradingSecurities
51000000 usd
eqh Net Investment Income Loss From Trading Securities
NetInvestmentIncomeLossFromTradingSecurities
-178000000 usd
eqh Net Investment Income Loss From Trading Securities
NetInvestmentIncomeLossFromTradingSecurities
48000000 usd
CY2022Q2 eqh Net Investment Income Loss Fixed Maturities Change In Unrealized Holding Gain Loss
NetInvestmentIncomeLossFixedMaturitiesChangeInUnrealizedHoldingGainLoss
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CY2021Q2 eqh Net Investment Income Loss Fixed Maturities Change In Unrealized Holding Gain Loss
NetInvestmentIncomeLossFixedMaturitiesChangeInUnrealizedHoldingGainLoss
-2000000 usd
eqh Net Investment Income Loss Fixed Maturities Change In Unrealized Holding Gain Loss
NetInvestmentIncomeLossFixedMaturitiesChangeInUnrealizedHoldingGainLoss
-13000000 usd
eqh Net Investment Income Loss Fixed Maturities Change In Unrealized Holding Gain Loss
NetInvestmentIncomeLossFixedMaturitiesChangeInUnrealizedHoldingGainLoss
-2000000 usd
CY2022Q2 eqh Net Investment Income Loss Fixed Maturities Realized Gain Loss
NetInvestmentIncomeLossFixedMaturitiesRealizedGainLoss
0 usd
CY2021Q2 eqh Net Investment Income Loss Fixed Maturities Realized Gain Loss
NetInvestmentIncomeLossFixedMaturitiesRealizedGainLoss
1000000 usd
eqh Net Investment Income Loss Fixed Maturities Realized Gain Loss
NetInvestmentIncomeLossFixedMaturitiesRealizedGainLoss
6000000 usd
eqh Net Investment Income Loss Fixed Maturities Realized Gain Loss
NetInvestmentIncomeLossFixedMaturitiesRealizedGainLoss
2000000 usd
CY2022Q2 eqh Net Investment Income Loss Net Realized And Unrealized Gain Loss On Fixed Maturities Net
NetInvestmentIncomeLossNetRealizedAndUnrealizedGainLossOnFixedMaturitiesNet
-8000000 usd
CY2021Q2 eqh Net Investment Income Loss Net Realized And Unrealized Gain Loss On Fixed Maturities Net
NetInvestmentIncomeLossNetRealizedAndUnrealizedGainLossOnFixedMaturitiesNet
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eqh Net Investment Income Loss Net Realized And Unrealized Gain Loss On Fixed Maturities Net
NetInvestmentIncomeLossNetRealizedAndUnrealizedGainLossOnFixedMaturitiesNet
-7000000 usd
eqh Net Investment Income Loss Net Realized And Unrealized Gain Loss On Fixed Maturities Net
NetInvestmentIncomeLossNetRealizedAndUnrealizedGainLossOnFixedMaturitiesNet
0 usd
CY2022Q2 eqh Net Investment Income Loss Interest And Dividend Income From Fixed Maturities
NetInvestmentIncomeLossInterestAndDividendIncomeFromFixedMaturities
-17000000 usd
CY2021Q2 eqh Net Investment Income Loss Interest And Dividend Income From Fixed Maturities
NetInvestmentIncomeLossInterestAndDividendIncomeFromFixedMaturities
9000000 usd
eqh Net Investment Income Loss Interest And Dividend Income From Fixed Maturities
NetInvestmentIncomeLossInterestAndDividendIncomeFromFixedMaturities
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eqh Net Investment Income Loss Interest And Dividend Income From Fixed Maturities
NetInvestmentIncomeLossInterestAndDividendIncomeFromFixedMaturities
10000000 usd
CY2022Q2 eqh Net Investment Income Loss From Fixed Maturities
NetInvestmentIncomeLossFromFixedMaturities
-25000000 usd
CY2021Q2 eqh Net Investment Income Loss From Fixed Maturities
NetInvestmentIncomeLossFromFixedMaturities
8000000 usd
eqh Net Investment Income Loss From Fixed Maturities
NetInvestmentIncomeLossFromFixedMaturities
-8000000 usd
eqh Net Investment Income Loss From Fixed Maturities
NetInvestmentIncomeLossFromFixedMaturities
10000000 usd
CY2022Q2 eqh Cash And Securities Collateral For Derivative Contract
CashAndSecuritiesCollateralForDerivativeContract
3700000000 usd
CY2021Q4 eqh Cash And Securities Collateral For Derivative Contract
CashAndSecuritiesCollateralForDerivativeContract
6200000000 usd
CY2022Q2 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
138000000 usd
CY2021Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
178000000 usd
us-gaap Schedule Of Closed Block Assets And Liabilities
ScheduleOfClosedBlockAssetsAndLiabilities
<div style="margin-bottom:9pt;margin-top:9pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Summarized financial information for the Company’s Closed Block is as follows:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:72.584%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.180%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.206%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">June 30, 2022</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">December 31, 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(in millions)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Closed Block Liabilities:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Future policy benefits, policyholders’ account balances and other</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5,806</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,928 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policyholder dividend obligation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">—</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other liabilities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">66</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Closed Block liabilities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5,872</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,967 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:0.5pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:0.5pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets Designated to the Closed Block:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed maturities AFS, at fair value (amortized cost of $3,189 and $3,185) (allowance for credit losses of $0 and $0)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3,054</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,390 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage loans on real estate (net of allowance for credit losses of $3 and $4)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1,693</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,771 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policy loans</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">581</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">602 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and other invested assets</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">70</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">122</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total assets designated to the Closed Block</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5,520</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,916 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:0.5pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:0.5pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess of Closed Block liabilities over assets designated to the Closed Block</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">352</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amounts included in AOCI:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net unrealized investment gains (losses), net of policyholders’ dividend obligation: $0 and $0; and net of income tax: $28 and $(43)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(96)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">172 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Maximum future earnings to be recognized from Closed Block assets and liabilities</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">256</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>
CY2022Q2 us-gaap Closed Block Liabilities Future Policy Benefits And Policyholder Account Balances
ClosedBlockLiabilitiesFuturePolicyBenefitsAndPolicyholderAccountBalances
5806000000 usd
CY2021Q4 us-gaap Closed Block Liabilities Future Policy Benefits And Policyholder Account Balances
ClosedBlockLiabilitiesFuturePolicyBenefitsAndPolicyholderAccountBalances
5928000000 usd
CY2022Q2 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
0 usd
CY2021Q4 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
0 usd
CY2022Q2 us-gaap Closed Block Liabilities Other Closed Block Liabilities
ClosedBlockLiabilitiesOtherClosedBlockLiabilities
66000000 usd
CY2021Q4 us-gaap Closed Block Liabilities Other Closed Block Liabilities
ClosedBlockLiabilitiesOtherClosedBlockLiabilities
39000000 usd
CY2022Q2 us-gaap Closed Block Liabilities
ClosedBlockLiabilities
5872000000 usd
CY2021Q4 us-gaap Closed Block Liabilities
ClosedBlockLiabilities
5967000000 usd
CY2022Q2 us-gaap Closed Block Investments Fixed Maturity Available For Sale Amortized Cost
ClosedBlockInvestmentsFixedMaturityAvailableForSaleAmortizedCost
3189000000 usd
CY2021Q4 us-gaap Closed Block Investments Fixed Maturity Available For Sale Amortized Cost
ClosedBlockInvestmentsFixedMaturityAvailableForSaleAmortizedCost
3185000000 usd
CY2022Q2 eqh Closed Block Investments Debt Securities Availableforsale Allowancefor Credit Loss
ClosedBlockInvestmentsDebtSecuritiesAvailableforsaleAllowanceforCreditLoss
0 usd
CY2021Q4 eqh Closed Block Investments Debt Securities Availableforsale Allowancefor Credit Loss
ClosedBlockInvestmentsDebtSecuritiesAvailableforsaleAllowanceforCreditLoss
0 usd
CY2022Q2 us-gaap Assets Designated To Closed Block Fixed Maturity Available For Sale At Fair Value
AssetsDesignatedToClosedBlockFixedMaturityAvailableForSaleAtFairValue
3054000000 usd
CY2021Q4 us-gaap Assets Designated To Closed Block Fixed Maturity Available For Sale At Fair Value
AssetsDesignatedToClosedBlockFixedMaturityAvailableForSaleAtFairValue
3390000000 usd
CY2022Q2 eqh Assets Designated To Closed Block Mortgage Loans On Real Estate Credit Losses
AssetsDesignatedToClosedBlockMortgageLoansOnRealEstateCreditLosses
-3000000 usd
CY2021Q4 eqh Assets Designated To Closed Block Mortgage Loans On Real Estate Credit Losses
AssetsDesignatedToClosedBlockMortgageLoansOnRealEstateCreditLosses
-4000000 usd
CY2022Q2 us-gaap Assets Designated To Closed Block Mortgage Loans On Real Estate
AssetsDesignatedToClosedBlockMortgageLoansOnRealEstate
1693000000 usd
CY2021Q4 us-gaap Assets Designated To Closed Block Mortgage Loans On Real Estate
AssetsDesignatedToClosedBlockMortgageLoansOnRealEstate
1771000000 usd
CY2022Q2 us-gaap Assets Designated To Closed Block Policy Loans
AssetsDesignatedToClosedBlockPolicyLoans
581000000 usd
CY2021Q4 us-gaap Assets Designated To Closed Block Policy Loans
AssetsDesignatedToClosedBlockPolicyLoans
602000000 usd
CY2022Q2 us-gaap Assets Designated To Closed Block Cash And Cash Equivalents
AssetsDesignatedToClosedBlockCashAndCashEquivalents
70000000 usd
CY2021Q4 us-gaap Assets Designated To Closed Block Cash And Cash Equivalents
AssetsDesignatedToClosedBlockCashAndCashEquivalents
63000000 usd
CY2022Q2 us-gaap Assets Designated To Closed Block Other Closed Block Assets1
AssetsDesignatedToClosedBlockOtherClosedBlockAssets1
122000000 usd
CY2021Q4 us-gaap Assets Designated To Closed Block Other Closed Block Assets1
AssetsDesignatedToClosedBlockOtherClosedBlockAssets1
90000000 usd
CY2022Q2 us-gaap Assets Designated To Closed Block
AssetsDesignatedToClosedBlock
5520000000 usd
CY2021Q4 us-gaap Assets Designated To Closed Block
AssetsDesignatedToClosedBlock
5916000000 usd
CY2022Q2 us-gaap Excess Of Reported Closed Block Liabilities Over Assets Designated To Closed Block
ExcessOfReportedClosedBlockLiabilitiesOverAssetsDesignatedToClosedBlock
352000000 usd
CY2021Q4 us-gaap Excess Of Reported Closed Block Liabilities Over Assets Designated To Closed Block
ExcessOfReportedClosedBlockLiabilitiesOverAssetsDesignatedToClosedBlock
51000000 usd
CY2022Q2 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
0 usd
CY2021Q4 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
0 usd
CY2022Q2 eqh Closed Block Operations Deferred Income Tax Expense Benefit
ClosedBlockOperationsDeferredIncomeTaxExpenseBenefit
-28000000 usd
CY2021Q4 eqh Closed Block Operations Deferred Income Tax Expense Benefit
ClosedBlockOperationsDeferredIncomeTaxExpenseBenefit
43000000 usd
CY2022Q2 eqh Net Unrealized Investment Gains Losses Net Of Deferred Income Tax Expense Benefit And Policyholder Dividend Obligation
NetUnrealizedInvestmentGainsLossesNetOfDeferredIncomeTaxExpenseBenefitAndPolicyholderDividendObligation
-96000000 usd
CY2021Q4 eqh Net Unrealized Investment Gains Losses Net Of Deferred Income Tax Expense Benefit And Policyholder Dividend Obligation
NetUnrealizedInvestmentGainsLossesNetOfDeferredIncomeTaxExpenseBenefitAndPolicyholderDividendObligation
172000000 usd
CY2022Q2 us-gaap Closed Block Assets And Liabilities Maximum Future Earnings To Be Recognized
ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized
256000000 usd
CY2021Q4 us-gaap Closed Block Assets And Liabilities Maximum Future Earnings To Be Recognized
ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized
223000000 usd
CY2022Q2 us-gaap Closed Block Operations Premiums
ClosedBlockOperationsPremiums
31000000 usd
CY2021Q2 us-gaap Closed Block Operations Premiums
ClosedBlockOperationsPremiums
37000000 usd
us-gaap Closed Block Operations Premiums
ClosedBlockOperationsPremiums
64000000 usd
us-gaap Closed Block Operations Premiums
ClosedBlockOperationsPremiums
76000000 usd
CY2022Q2 us-gaap Closed Block Operations Net Investment Income
ClosedBlockOperationsNetInvestmentIncome
55000000 usd
CY2021Q2 us-gaap Closed Block Operations Net Investment Income
ClosedBlockOperationsNetInvestmentIncome
60000000 usd
us-gaap Closed Block Operations Net Investment Income
ClosedBlockOperationsNetInvestmentIncome
113000000 usd
us-gaap Closed Block Operations Net Investment Income
ClosedBlockOperationsNetInvestmentIncome
120000000 usd
CY2022Q2 us-gaap Closed Block Operations Realized Investment Gains Losses
ClosedBlockOperationsRealizedInvestmentGainsLosses
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CY2021Q2 us-gaap Closed Block Operations Realized Investment Gains Losses
ClosedBlockOperationsRealizedInvestmentGainsLosses
2000000 usd
us-gaap Closed Block Operations Realized Investment Gains Losses
ClosedBlockOperationsRealizedInvestmentGainsLosses
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us-gaap Closed Block Operations Realized Investment Gains Losses
ClosedBlockOperationsRealizedInvestmentGainsLosses
2000000 usd
CY2022Q2 us-gaap Closed Block Operations Revenue
ClosedBlockOperationsRevenue
83000000 usd
CY2021Q2 us-gaap Closed Block Operations Revenue
ClosedBlockOperationsRevenue
99000000 usd
us-gaap Closed Block Operations Revenue
ClosedBlockOperationsRevenue
175000000 usd
us-gaap Closed Block Operations Revenue
ClosedBlockOperationsRevenue
198000000 usd
CY2022Q2 eqh Closed Block Operations Policyholder Benefit And Dividends
ClosedBlockOperationsPolicyholderBenefitAndDividends
80000000 usd
CY2021Q2 eqh Closed Block Operations Policyholder Benefit And Dividends
ClosedBlockOperationsPolicyholderBenefitAndDividends
90000000 usd
eqh Closed Block Operations Policyholder Benefit And Dividends
ClosedBlockOperationsPolicyholderBenefitAndDividends
156000000 usd
eqh Closed Block Operations Policyholder Benefit And Dividends
ClosedBlockOperationsPolicyholderBenefitAndDividends
196000000 usd
CY2022Q2 us-gaap Closed Block Operations Other Expense
ClosedBlockOperationsOtherExpense
0 usd
CY2021Q2 us-gaap Closed Block Operations Other Expense
ClosedBlockOperationsOtherExpense
0 usd
us-gaap Closed Block Operations Other Expense
ClosedBlockOperationsOtherExpense
0 usd
us-gaap Closed Block Operations Other Expense
ClosedBlockOperationsOtherExpense
1000000 usd
CY2022Q2 us-gaap Closed Block Operations Benefits And Expense
ClosedBlockOperationsBenefitsAndExpense
80000000 usd
CY2021Q2 us-gaap Closed Block Operations Benefits And Expense
ClosedBlockOperationsBenefitsAndExpense
90000000 usd
us-gaap Closed Block Operations Benefits And Expense
ClosedBlockOperationsBenefitsAndExpense
156000000 usd
us-gaap Closed Block Operations Benefits And Expense
ClosedBlockOperationsBenefitsAndExpense
197000000 usd
CY2022Q2 us-gaap Closed Block Operations Results Before Income Taxes
ClosedBlockOperationsResultsBeforeIncomeTaxes
3000000 usd
CY2021Q2 us-gaap Closed Block Operations Results Before Income Taxes
ClosedBlockOperationsResultsBeforeIncomeTaxes
9000000 usd
us-gaap Closed Block Operations Results Before Income Taxes
ClosedBlockOperationsResultsBeforeIncomeTaxes
19000000 usd
us-gaap Closed Block Operations Results Before Income Taxes
ClosedBlockOperationsResultsBeforeIncomeTaxes
1000000 usd
CY2022Q2 us-gaap Closed Block Operations Income Taxes
ClosedBlockOperationsIncomeTaxes
-3000000 usd
CY2021Q2 us-gaap Closed Block Operations Income Taxes
ClosedBlockOperationsIncomeTaxes
0 usd
us-gaap Closed Block Operations Income Taxes
ClosedBlockOperationsIncomeTaxes
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us-gaap Closed Block Operations Income Taxes
ClosedBlockOperationsIncomeTaxes
1000000 usd
CY2022Q2 us-gaap Closed Block Operations Net Results
ClosedBlockOperationsNetResults
6000000 usd
CY2021Q2 us-gaap Closed Block Operations Net Results
ClosedBlockOperationsNetResults
9000000 usd
us-gaap Closed Block Operations Net Results
ClosedBlockOperationsNetResults
23000000 usd
us-gaap Closed Block Operations Net Results
ClosedBlockOperationsNetResults
0 usd
CY2022Q1 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
0 usd
CY2021Q1 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
28000000 usd
CY2021Q4 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
0 usd
CY2020Q4 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
160000000 usd
CY2022Q2 us-gaap Closed Block Dividend Obligation Change In Unrealized Investment Gains Losses
ClosedBlockDividendObligationChangeInUnrealizedInvestmentGainsLosses
0 usd
CY2021Q2 us-gaap Closed Block Dividend Obligation Change In Unrealized Investment Gains Losses
ClosedBlockDividendObligationChangeInUnrealizedInvestmentGainsLosses
-44000000 usd
us-gaap Closed Block Dividend Obligation Change In Unrealized Investment Gains Losses
ClosedBlockDividendObligationChangeInUnrealizedInvestmentGainsLosses
0 usd
us-gaap Closed Block Dividend Obligation Change In Unrealized Investment Gains Losses
ClosedBlockDividendObligationChangeInUnrealizedInvestmentGainsLosses
88000000 usd
CY2022Q2 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
0 usd
CY2021Q2 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
72000000 usd
CY2022Q2 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
0 usd
CY2021Q2 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
72000000 usd
eqh Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Percentage
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersPercentage
0.061
CY2022Q2 eqh Notes Issued By Consolidated Variable Interest Entity Accrued Interest Payable
NotesIssuedByConsolidatedVariableInterestEntityAccruedInterestPayable
8000000 usd
CY2021Q4 eqh Notes Issued By Consolidated Variable Interest Entity Accrued Interest Payable
NotesIssuedByConsolidatedVariableInterestEntityAccruedInterestPayable
6000000 usd
eqh Fair Value Adjustments On Gmib Asset
FairValueAdjustmentsOnGMIBAsset
-148000000 usd
CY2021 eqh Fair Value Adjustments On Gmib Asset
FairValueAdjustmentsOnGMIBAsset
-107000000 usd
eqh Fair Value Adjustments On Amounts Due From Reinsurers
FairValueAdjustmentsOnAmountsDueFromReinsurers
-213000000 usd
CY2021 eqh Fair Value Adjustments On Amounts Due From Reinsurers
FairValueAdjustmentsOnAmountsDueFromReinsurers
-210000000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
184000000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
250000000 usd
eqh Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Percentage
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersPercentage
0.062
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
792000000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
17000000 usd
CY2022Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2000000 usd
CY2021Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2000000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
4000000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
5000000 usd
CY2022Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
14000000 usd
CY2021Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
14000000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
28000000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
27000000 usd
CY2022Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
40000000 usd
us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
-1000000 usd
CY2021Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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NetIncomeLossAvailableToCommonStockholdersDiluted
2261000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2261000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1404000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1404000000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.49
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.89
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.27
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.47
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.27
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3900000 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3300000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3200000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4500000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8600000 shares

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