79/ 100
Capital adequacy — cross-regime normalized
Strong
Reported under US RBC — normalized to a common 0–100 band so US, Canadian and European insurers compare like-for-like. Open methodology; see sourcing below.
Capital & Solvency
| Capital adequacy (normalized) | Strong (79/100) |
| RBC ratio | 450% |
| Statutory surplus | $7.0B |
| Total adjusted capital | $9.2B |
| Prism ratio (avail/target) | 3.10x |
| Regulatory action level | none |
Curated from public statutory filings (point-in-time). Live refresh pending.
Financial Strength Ratings
| AM BEST | A | Stable |
| SP | A- | Stable |
| MOODYS | A3 | Stable |
| FITCH | A | Stable |
| Composite | AA | 74/100 |
Curated public rating actions, late-2024/2025.
Reinsurance & capital structurehow reserve risk is financed
Equitable Holdings discloses 3 affiliated reinsurance captives (Arizona, Bermuda); it also cedes externally to Venerable / CS Life (CSLRC), Zurich Life Insurance Company, Ltd., RGA Reinsurance Company. Its capital adequacy is Strong (79/100, RBC 450%). Affiliated captives are a common reserve-financing tool (e.g. XXX/AXXX term- and universal-life reserves); read capital strength alongside how much reserve risk is financed through these vehicles.
Affiliated reinsurance captives
3
Arizona · 2Bermuda · 1
Cedes externally to
Venerable / CS Life (CSLRC)Zurich Life Insurance Company, Ltd.RGA Reinsurance CompanyProtective Life Insurance CompanyNon-affiliated reinsurer (fixed deferred annuity)EQ AZ Life Re Company
Affiliated captives from the Exhibit 21 entity list; external cedants from the firm's counterparty map; capital from public statutory/regulatory filings. Indicative.