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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES      
Universal life and investment-type product policy fee income $ 3,574 $ 3,475 $ 3,546
Premiums 488 514 496
Net investment income (loss):      
Investment income (loss) from derivative instruments (81) 1,605 (2,866)
Other investment income (loss) 2,057 2,210 2,237
Total net investment income (loss) 1,976 3,815 (629)
Investment gains (losses), net:      
Total other-than-temporary impairment losses (41) (72) (81)
Portion of loss recognized in other comprehensive income (loss) 0 0 15
Net impairment losses recognized (41) (72) (66)
Other investment gains (losses), net 21 14 (33)
Total investment gains (losses), net (20) (58) (99)
Commissions, fees and other income 3,942 3,930 3,823
Increase (decrease) in the fair value of the reinsurance contract asset (141) 3,964 (4,297)
Total revenues 9,819 15,640 2,840
BENEFITS AND OTHER DEDUCTIONS      
Policyholders’ benefits 2,799 3,708 1,691
Interest credited to policyholders’ account balances 978 1,186 1,373
Compensation and benefits 1,783 1,739 1,743
Commissions 1,111 1,147 1,160
Distribution related payments 394 413 423
Amortization of deferred sales commissions 49 42 41
Interest expense 20 53 88
Amortization of deferred policy acquisition costs 284 215 580
Capitalization of deferred policy acquisition costs (615) (628) (655)
Rent expense 165 163 169
Amortization of other intangible assets 28 27 24
Other operating costs and expenses 1,173 1,460 1,512
Total benefits and other deductions 8,169 9,525 8,149
Earnings (loss) from operations, before income taxes 1,650 6,115 (5,309)
Income tax (expense) benefit (186) (1,695) 2,073
Net earnings (loss) 1,464 4,420 (3,236)
Less: net (earnings) loss attributable to the noncontrolling interest (403) (387) (337)
Net Earnings (Loss) Attributable to AXA Equitable $ 1,061 $ 4,033 $ (3,573)