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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Policy charges and fee income $ 914 $ 854 $ 2,626 $ 2,468
Premiums 204 226 645 638
Net derivative gains (losses) (318) (446) 1,376 1,621
Net investment income (loss) 677 595 1,993 1,893
Investment gains (losses), net:        
Total other-than-temporary impairment losses 0 (10) (13) (35)
Portion of loss recognized in other comprehensive income (loss) 0 0 0 0
Net impairment losses recognized 0 (10) (13) (35)
Other investment gains (losses), net (8) 6 4 70
Total investment gains (losses), net (8) (4) (9) 35
Investment management and service fees 1,003 943 2,974 2,770
Other Income 48 9 68 26
Total revenues 2,520 2,177 9,673 9,451
BENEFITS AND OTHER DEDUCTIONS        
Policyholders’ benefits 995 616 3,308 2,790
Interest credited to policyholders’ account balances 350 303 1,008 779
Compensation and benefits 449 430 1,324 1,284
Commissions 256 271 828 812
Distribution related payments 106 96 305 276
Interest expense 9 4 20 11
Amortization of deferred policy acquisition cost, net (33) 55 15 64
Other operating costs and expenses 449 319 992 1,070
Total benefits and other deductions 2,581 2,094 7,800 7,086
Income (loss) from continuing operations, before income taxes (61) 83 1,873 2,365
Income tax (expense) benefit 127 54 (196) (586)
Net income (loss) 66 137 1,677 1,779
Less: net (income) loss attributable to the noncontrolling interest (122) (126) $ (353) (334)
Net income (loss) attributable to AXA Equitable $ (56) $ 11   $ 1,445