Equitable(EQH) - 2022 Q4 - Earnings Call Transcript

Robin Raju Yes. So what we tried to provide is for Equitable going forward under LDTI, as LDTI accounting GAAP moves closer to fair value, that our net income sensitivity will reduce going forward. And as you see in Slide 11, the guidance I'll just point you to is based on equity movements. So if equity markets increased by 6%, under the old GAAP accounting, we would have had a negative $1 billion adjustment in the net income. Now going forward, if equity markets increase 6.5%, the adjustment will be $200 m ...