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BUSINESS SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The table below presents operating earnings (loss) by segment and Corporate and Other and a reconciliation to Net income (loss) attributable to AXA Equitable for the three and six months ended June 30, 2018 and 2017, respectively:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(in millions)
Net income (loss) attributable to AXA Equitable
(2,114
)
 
1,500

 
(2,401
)
 
1,328

Adjustments related to:
 
 
 
 
 
 
 
Variable annuity product features (1)
516

 
(1,258
)
 
1,252

 
(785
)
Investment (gains) losses
5

 
(10
)
 
(82
)
 
1

Loss on the recapture of GMxB business previously ceded to AXA Arizona
2,627

 
—

 
2,627

 
—

Net actuarial (gains) losses related to pension and other postretirement benefit obligations
20

 
21

 
113

 
48

Other adjustments
47

 
22

 
107

 
6

Income tax expense (benefit) related to above adjustments
(671
)
 
444

 
(832
)
 
259

Non-recurring tax items
15

 
(222
)
 
22

 
(218
)
Non-GAAP Operating Earnings
$
445

 
$
497

 
$
806

 
$
639

Operating earnings (loss) by segment:
 
 
 
 
 
 
 
Individual Retirement
$
399

 
$
473

 
$
695

 
$
610

Group Retirement
49

 
64

 
134

 
113

Investment Management and Research
53

 
53

 
104

 
65

Protection Solutions
(1
)
 
(11
)
 
(13
)
 
(39
)
Corporate and Other(1)
(55
)
 
(82
)
 
(114
)
 
(110
)
Total
$
445

 
$
497

 
$
806

 
$
639

(1)
Includes interest expense of $11 million, $22 million, $6 million, and $11 million, for the three and six months ended June 30, 2018 and 2017, respectively.
Reconciliation of Revenue from Segments to Consolidated
The table below presents Segment revenues for the three and six months ended June 30, 2018 and 2017.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(in millions)
Segment revenues:
 
 
 
 
 
 
 
Individual Retirement(1)
$
1,053

 
$
955

 
$
1,690

 
$
1,843

Group Retirement(1)
246

 
203

 
486

 
438

Investment Management and Research(2)
843

 
773

 
1,752

 
1,515

Protection Solutions(1)
620

 
595

 
1,265

 
1,229

Corporate and Other(1)
198

 
232

 
395

 
469

Adjustments related to:
 
 
 
 
 
 
 
Variable annuity product features
(510
)
 
1,759

 
(1,237
)
 
1,287

Investment gains (losses)
(5
)
 
10

 
82

 
(1
)
Other adjustments to segment revenues
(6
)
 
21

 
(46
)
 
43

Total revenues
$
2,439

 
$
4,548

 
$
4,387

 
$
6,823

(1)
Includes investment expenses charged by AB of approximately $16 million, $32 million, $13 million and $24 million for the three and six months ended June 30, 2018 and 2017, respectively, for services provided to the Company.
(2)
Inter-segment investment management and other fees of approximately $23 million, $46 million, $18 million and $36 million for the three and six months ended June 30, 2018 and 2017, respectively, are included in total revenues of the Investment Management and Research segment.
Reconciliation of Assets from Segment to Consolidated
The table below presents Total assets by segment as of June 30, 2018 and December 31, 2017:
 
June 30,
2018
 
December 31,
2017
 
(in millions)
Total assets by segment:
 
 
 
Individual Retirement
$
104,958

 
$
120,612

Group Retirement
43,877

 
40,472

Investment Management and Research
9,182

 
10,079

Protection Solutions
38,319

 
34,328

Corporate and Other
22,970

 
20,494

Total assets
$
219,306

 
$
225,985