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 Equitable Financial Life Insurance Company Overview 2021

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[Music] hello everyone i'm sheila hart chief financial officer at equitable life financial strength is an important measure of success for an insurance company it reflects our long-term stability as a company our growth potential and most importantly our ability to meet our obligations to our policyholders when they need us most one of the key measures of financial strength for the insurance industry is lycat the life insurance capital adequacy test which is defined by our regulator measures capital adequacy by taking the amount of capital resources a company has available and dividing by required capital required capital is calculated based on the risk profile of the company equitable life's lycat ratio is well above our regulator's target of 100 and in the top tier in the industry while our lycat ratio varies somewhat from quarter to quarter we've maintained our strong position over time a different view of capital strength is the dollar amount of exce

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