QUHUO Ltd

Equitable Holdings is a financial services company that has operated since 1859. The company provides retirement, asset management, and wealth management solutions to individual and institutional clients. As of December 31, 2025, Equitable Holdings had $1.1 trillion of assets under management and administration. The business operates through three main franchises: Equitable, AllianceBernstein ("AB"), and Equitable Advisors. Equitable is an insurer that provides retirement, income, and protection strategies to individuals, families, institutions, and small businesses throughout the United States. AllianceBernstein is a global active asset manager that offers investment services to institutional investors, individuals, and private wealth clients. Equitable Advisors is a wealth management platform that delivers financial advice and investment, protection, and risk management services to clients across the United States. Equitable Holdings participates across the retirement value chain as a product manufacturer (Equitable), asset manager (AB), and distributor (Equitable Advisors). The company is a holding company that operates through direct and indirect subsidiaries. As of December 31, 2025, Equitable Holdings owned an approximate 68% economic interest in AB through various wholly-owned subsidiaries. Revenues are primarily generated from fee income, income from investments, and insurance premiums. The business is managed through three reportable segments: Retirement, Asset Management, and Wealth Management.