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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions
RELATED PARTY TRANSACTIONS
The Company’s significant transactions during the three months ended March 31, 2019 with related parties are summarized below.
Loans from Affiliates
Senior Surplus Notes
On December 28, 2018, AXA Equitable issued a $572 million senior surplus note due December 28, 2019 to Holdings, which bears interest at a fixed rate of 3.75%, payable semi-annually. The surplus note is intended to have priority in right of payments and in all other respects to any and all other surplus notes issued by AXA Equitable at any time. AXA Equitable repaid this note on March 5, 2019 and incurred $4 million of interest expense during three months ended March 31, 2019.
Investment management fees
The Company recorded investment management fee expense of $24 million and $21 million, respectively, from AllianceBernstein for the three months ended March 31, 2019 and 2018.