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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES      
Policy charges and fee income $ 3,334 $ 3,344 $ 3,291
Premiums 904 880 852
Net derivative gains (losses) 890 (1,211) (1,161)
Net investment income (loss) 2,583 2,318 2,057
Investment gains (losses), net:      
Total other-than-temporary impairment losses (13) (65) (41)
Other investment gains (losses), net (112) 81 21
Total investment gains (losses), net (125) 16 (20)
Investment management and service fees 4,106 3,755 3,902
Other income 41 36 40
Total revenues 11,733 9,138 8,961
BENEFITS AND OTHER DEDUCTIONS      
Policyholders’ benefits 3,462 2,771 2,474
Interest credited to policyholders’ account balances 1,040 1,029 887
Compensation and benefits 1,762 1,723 1,783
Commissions and distribution related payments 1,486 1,467 1,505
Interest expense 29 16 20
Amortization of deferred policy acquisition costs, net 268 52 (243)
Other operating costs and expenses 1,431 1,458 1,497
Total benefits and other deductions 9,478 8,516 7,923
Income (loss) from operations, before income taxes 2,255 622 1,038
Income tax (expense) benefit 1,139 84 22
Net income (loss) 3,394 706 1,060
Less: Net (income) loss attributable to the noncontrolling interest (534) (496) (398)
Net Income (Loss) attributable to AXA Equitable $ 2,860 $ 210 $ 662