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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Universal life and investment-type product policy fee income $ 3,423 $ 3,208 $ 3,115
Premiums 880 854 874
Net investment income (loss):      
Investment income (loss) from derivative instruments (462) (81) 1,605
Other investment income (loss) 2,318 2,057 2,210
Total net investment income (loss) 1,856 1,976 3,815
Investment gains (losses), net:      
Total other-than-temporary impairment losses (65) (41) (72)
Portion of loss recognized in other comprehensive income (loss) 0 0 0
Net impairment losses recognized (65) (41) (72)
Other investment gains (losses), net 81 21 14
Total investment gains (losses), net 16 (20) (58)
Commissions, fees and other income 3,791 3,942 3,930
Increase (decrease) in the fair value of the reinsurance contract asset (261) (141) 3,964
Total revenues 9,705 9,819 15,640
BENEFITS AND OTHER DEDUCTIONS      
Policyholders’ benefits 2,893 2,799 3,708
Interest credited to policyholders’ account balances 1,555 978 1,186
Compensation and benefits 1,723 1,783 1,739
Commissions 1,095 1,111 1,147
Distribution related payments 372 394 413
Amortization of deferred sales commissions (98) (18) 44
Interest expense 16 20 53
Amortization of deferred policy acquisition costs, net 162 (331) (413)
Other operating costs and expenses 1,458 1,415 1,692
Total benefits and other deductions 9,274 8,169 9,525
Earnings (loss) from operations, before income taxes 431 1,650 6,115
Income tax (expense) benefit 113 (186) (1,695)
Net earnings (loss) 544 1,464 4,420
Less: net (earnings) loss attributable to the noncontrolling interest (469) (403) (387)
Net Earnings (Loss) Attributable to AXA Equitable $ 75 $ 1,061 $ 4,033