Equitable Holdings adopts LDTI accounting, restates FY2022, adds two segments

Equitable Holdings, Inc.

LDTI adopted Jan 1, 2023; modified retrospective for most, full retrospective for market risk benefits.
Restated Dec 31, 2022 Financial Supplement for LDTI; no impact on historical cash flows or financial position.
Added wealth management and legacy reportable segments, effective Q1 2023.
Total now six segments: individual retirement, group retirement, investment mgmt, protection, wealth mgmt, legacy.
Investor presentation (Exhibit 99.2) posted April 4, 2023 on company website outlining LDTI impacts.

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