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US life insurance and retirement/annuity company, formerly AXA Equitable, also owning asset manager AllianceBernstein.
US life insurance and retirement/annuity company, formerly AXA Equitable, also owning asset manager AllianceBernstein.
Income comes from fees charged on annuity and retirement accounts, the spread on funds invested for annuity customers, and fees that AllianceBernstein earns on assets it manages for institutions and wealthy individuals. It was AXA's US arm, and AXA sold its stake in stages after the 2018 listing.
Moat: narrow (scale, distribution, brand). Long-standing US annuity distribution plus a majority stake in AllianceBernstein diversify revenue beyond insurance.
Headquarters: New York, New York, US · Founded: 1859 · Employees: 8,000
Size Equitable (EQH) is a United States Financials company (Life/Health Insurance) with a market value of $14.1B, the 626th largest of 3,117 United States companies the cockpit tracks. Shares closed at $52.66 on 6 Nov 2026.
Performance Over six months the shares gained 23.6%, against +14.2% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 5.6% over the last twelve months (peer median +11.2%); the operating margin is 16.9% (peer median 9.5%).
Credit Equitable has 4 bonds outstanding ($3.30B), rated A- by the agencies and trading like BBB at a weighted spread of 96 bp.
Short interest Short interest is 2.1% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $13.9B | $12.1B | $14.4B | $12.3B | $13.9B |
| Revenue growth | — | -16% | +16% | -11% | — |
| Net income | $1.50B | -$1.38B | $1.28B | $1.30B | $2.15B |
| Free cash flow | n/a | $679M | $1.49B | -$980M | -$399M |
| Capital expenditure | n/a | $34.0M | $153M | $117M | $167M |
| Total debt | $3.84B | $4.57B | $4.53B | $4.65B | $4.70B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Equitable EQH | $14.1B | +24% | +6% | -183% | n/a | n/a |
| Prudential Financial PRU | $41.1B | +20% | +4% | 13% | 1.39× | 11.4% |
| Jackson Financial Incorporation JXN | $8.70B | +17% | +34% | 9% | 1.10× | 12.5% |
| Corebridge Financial CRBG | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% |
| Voya Financial VOYA | $8.91B | +21% | -3% | 14% | 2.34× | 17.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EQH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.5% | +3.4% | 6th lowest of 21 |
| 6-month return | +23.6% | +14.2% | 7th highest of 21 |
| Return on equity | -182.7% | 13.3% | lowest of 21 |
| Trailing P/E | 10.1× | 15.0× | 2nd cheapest of 20 |
| Bond spread | 96 bp | 105 bp | 4th tightest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Equitable EQH | United States | $14.1B | +24% | +6% | -183% | n/a | n/a | n/a |
| T&d 8795.T | Japan | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% | 9.3% |
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% | 21.7% |
| HDFC Life Insurance HDFCLIFE.NS | India | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% | 11.2% |
| Standard Life SDLF.L | United Kingdom | $12.5B | +25% | +135% | -179% | 38.09× | n/a | -179.3% |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 12% | 1.25× | 8.0% | 11.7% |
| Kgi Financial 2883.TW | Taiwan | $17.3B | +60% | +32% | 14% | 1.33× | 7.1% | 14.4% |
| JAPAN POST INSURANCE 7181.T | Japan | $11.2B | +8% | -6% | 4% | 0.38× | 2.9% | 4.2% |
| SBI Life Insurance SBILIFE.NS | India | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% | 13.7% |
| Medibank Private MPL.AX | Australia | $9.94B | +14% | +9% | 27% | 5.90× | 23.8% | 26.8% |
| Primerica PRI | United States | $8.94B | +6% | +8% | 33% | 3.56× | 24.9% | 32.9% |
| NN Group N.V. NN.AS | Netherlands | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% | 9.2% |
| Voya Financial VOYA | United States | $8.91B | +21% | -3% | 14% | 2.34× | 17.2% | 14.3% |
| Jackson Financial Incorporation JXN | United States | $8.70B | +17% | +34% | 9% | 1.10× | 12.5% | 9.5% |
| St. James's Place STJ.L | United Kingdom | $7.48B | -3% | +164% | 38% | 3.64× | 43.3% | 38.4% |
| ICICI Life Insurance ICICILIFE.NS | India | $6.77B | -22% | -8% | 13% | 4.67× | 65.0% | 12.6% |
| Samsung Life 032830.KS | South Korea | $31.0B | -6% | +13% | 3% | 0.29× | 4.5% | 3.2% |
| Bajaj Finserv BAJAJFINSV.NS | India | $31.6B | +2% | +17% | 13% | 3.55× | 54.3% | 13.3% |
| Swiss Life SLHN.SW | Switzerland | $33.0B | +14% | 0% | 20% | 4.25× | 15.4% | 20.0% |
| Challenger CGF.AX | Australia | $5.59B | +36% | -25% | 13% | 2.01× | 15.8% | 13.3% |
| Talanx TLX.DE | Germany | $37.6B | +24% | +2% | 20% | 2.33× | 10.2% | 19.8% |
Equitable has 4 bonds outstanding with $3.30B face value. The agencies rate it A-; its bonds trade like BBB. Weighted yield 5.80%, a spread of 96 bp over government bonds.