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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
Universal life and investment-type product policy fee income $ 865 $ 841 $ 1,761 $ 1,656
Premiums 216 197 441 412
Net investment income (loss):        
Investment income (loss) from derivative instruments 285 598 228 1,346
Other investment income (loss) 686 602 1,316 1,298
Total net investment income (loss) 971 1,200 1,544 2,644
Investment gains (losses), net:        
Total other-than-temporary impairment losses (13) (8) (13) (25)
Portion of loss recognized in other comprehensive income (loss) 0 0 0 0
Net impairment losses recognized (13) (8) (13) (25)
Other investment gains (losses), net 23 34 12 64
Total investment gains (losses), net 10 26 (1) 39
Commissions, fees and other income 1,018 931 1,991 1,844
Increase (decrease) in the fair value of the reinsurance contract asset 1,495 1,104 981 2,733
Total revenues 4,575 4,299 6,717 9,328
BENEFITS AND OTHER DEDUCTIONS        
Policyholders’ benefits 1,467 1,284 2,300 2,402
Interest credited to policyholders’ account balances 393 325 941 570
Compensation and benefits 450 428 888 854
Commissions 286 273 572 541
Distribution related payments 103 93 199 180
Interest expense 6 3 11 7
Amortization of deferred policy acquisition cost, net (82) (74) 43 (74)
Other operating costs and expenses 155 373 539 751
Total benefits and other deductions 2,778 2,705 5,493 5,231
Earnings (loss) from continuing operations, before income taxes 1,797 1,594 1,224 4,097
Income tax (expense) benefit (338) (523) (78) (1,274)
Net earnings (loss) 1,459 1,071 1,146 2,823
Less: net (earnings) loss attributable to the noncontrolling interest (113) (91) (231) (208)
Net Earnings (Loss) Attributable to AXA Equitable $ 1,346 $ 980 $ 915 $ 2,615