• Equitable Holdings average return on tangible equity for 2023 was -320.06, a 378.22% decline from 2022.
• Equitable Holdings average return on tangible equity for 2022 was 115.04, a 578.14% decline from 2021.
• Equitable Holdings average return on tangible equity for 2021 was -24.06, a 459.1% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.