The following tables present line items for March 31, 2017 financial information that has been affected by the revisions and the Accounting Change. This information has been corrected from the information previously presented in the in the first quarter 2017 Form 10-Q. For these items, the tables detail the amounts as previously reported, the impact upon those line items due to the revisions, as revised after the revisions, the impacts of the Accounting Change and the amounts as currently revised.



	As Previously Reported		Impact of Revisions			As Revised and Adjusted Herein		Impact of Accounting Change			As Revised
	(In millions)
As of March 31, 2017
Assets:
Other equity investments	$	1,463	$	(23	)	$	1,440	$	—		$	1,440
Other invested assets	2,050		34			2,084		—			2,084
Total investments	60,406		11			60,417		—			60,417
DAC	4,068		367			4,435		526			4,961
Amounts due from reinsurers	4,639		8			4,647		—			4,647
Guaranteed minimum income benefit reinsurance asset, at fair value	9,795		3			9,798		—			9,798
Total Assets	$	209,098	$	389		$	209,487	$	526		$	210,013

Liabilities:
Policyholders' account balance	$	40,308	$	(16	)	$	40,292	$	—		$	40,292
Future policyholders' benefits and other policyholders' liabilities	25,496		51			25,547		3,144			28,691
Current and deferred taxes	3,523		120			3,643		(917		)	2,726
Other liabilities	2,496		(3		)	2,493		—			2,493
Total Liabilities	192,712		152			192,864		2,227			195,091

Equity:
Retained Earnings	7,411		232			7,643		(1,665		)	5,978
Accumulated other comprehensive income (loss)	179		(6		)	173		(36		)	137
AXA Equitable Equity	12,934		226			13,160		(1,701		)	11,459
Noncontrolling interest	3,035		11			3,046		—			3,046
Equity	15,969		237			16,206		(1,701		)	14,505

Total Liabilities and Equity	$	209,098	$	389		$	209,487	$	526		$	210,013



	As Previously Reported			Impact of Revisions			As Revised and Adjusted Herein			Impact of Accounting Change			As Revised
	(In millions)
Three Months Ended March 31, 2017
Statements of Income (Loss):
Revenues:
Policy charges and fee income	$	896		$	23		$	919		$	(67	)	$	852
Premiums	225			7			232			—			232
Net derivative gains (losses)	(724		)	(97		)	(821		)	459			(362		)
Total revenues	1,989			(67		)	1,922			392			2,314
Benefits and other deductions:
Policyholders' benefits	891			15			906			69			975
Interest credited to policyholders' account balances	337			(58		)	279			—			279
Amortization of deferred policy acquisition costs, net	125			(97		)	28			1			29
Other operating costs and expenses	384			(3		)	381			—			381
Total benefits and other deductions	2,562			(143		)	2,419			70			2,489

Income (loss) from operations, before income taxes	(573		)	76			(497		)	322			(175		)
Income tax (expense) benefit	260			(26		)	234			(113		)	121
Net income (loss)	(313		)	50			(263		)	209			(54		)

Net income (loss) attributable to AXA Equitable	$	(431	)	$	50		$	(381	)	$	209		$	(172	)

Statements of Comprehensive Income (Loss):

Net income (loss)	$	(313	)	$	50		$	(263	)	$	209		$	(54	)
Change in unrealized gains (losses), net of reclassification adjustment	144			(20		)	124			(32		)	92
Total other comprehensive income (loss), net of income taxes	179			(20		)	159			(32		)	127
Comprehensive income (loss)	(134		)	30			(104		)	177			73
Comprehensive income (loss) attributable to AXA Equitable	$	(259	)	$	30		$	(229	)	$	177		$	(52	)



	As Previously Reported			Impact of Revisions			As Revised and Adjusted Herein			Impact of Accounting Change			As Revised
	(In millions)
Three Months Ended March 31, 2017
Statements of Equity:
Retained earnings, beginning of year	$	7,842		$	182		$	8,024		$	(1,874	)	$	6,150
Net income (loss)	(431		)	50			(381		)	209			(172		)
Retained earnings, end of period	7,411			232			7,643			(1,665		)	5,978
Accumulated other comprehensive income, beginning of year	7			14			21			(4		)	17
Other comprehensive income (loss)	172			(20		)	152			(32		)	120
Accumulated other comprehensive income, end of period	179			(6		)	173			(36		)	137

Total AXA Equitable’s equity, end of period	12,934			226			13,160			(1,701		)	11,459

Noncontrolling interest, beginning of year	3,085			11			3,096			—			3,096
Noncontrolling interest, end of period	3,035			11			3,046			—			3,046

Total Equity, End of Period	$	15,969		$	237		$	16,206		$	(1,701	)	$	14,505



	As Previously Reported			Impact of Revisions			As Revised and Adjusted Herein			Impact of Accounting Change			As Revised
	(In millions)
Three Months Ended March 31, 2017
Statements of Cash flows:
Net income (loss)	$	(313	)	$	50		$	(263	)	$	209		$	(54	)
Policy charges and fee income	(896		)	(23		)	(919		)	67			(852		)
Interest credited to policyholders’ account balances	337			(58		)	279			—			279
Net derivative (gains) loss	724			97			821			(459		)	362
Changes in:
Deferred policy acquisition costs	125			(97		)	28			1			29
Future policy benefits	185			(13		)	172			69			241
Reinsurance recoverable	(44		)	21			(23		)	—			(23		)
Current and deferred income taxes	(327		)	26			(301		)	113			(188		)
Other	154			(3		)	151			—			151
Net cash provided by (used in) operating activities	$	18		$	—		$	18		$	—		$	18