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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES    
Policy charges and fee income $ 859 $ 861
Premiums 232 223
Net derivative gains (losses) (1,555) (817)
Net investment income (loss) 904 509
Investment gains (losses), net (8) 87
Investment management and service fees 248 254
Other income 10 22
Total revenues 690 1,139
BENEFITS AND OTHER DEDUCTIONS    
Policyholders’ benefits 819 480
Interest credited to policyholders’ account balances 269 255
Compensation and benefits 82 149
Commissions 157 160
Interest expense 4 9
Amortization of deferred policy acquisition costs 165 209
Other operating costs and expenses 184 250
Total benefits and other deductions 1,680 1,512
Income (loss) from continuing operations, before income taxes (990) (373)
Income tax (expense) benefit from continuing operations 162 80
Net income (loss) from continuing operations   (293)
Net income (loss) from discontinued operations, net of taxes and noncontrolling interest 0 29
Net income (loss) (828) (264)
Net income (loss) [1] (828) (109)
Less: Net (income) loss attributable to the noncontrolling interest (2) 1
Net income (loss) attributable to AXA Equitable $ (830) $ (263)
[1] Net income (loss) includes $155 million in the three months ended March 31, 2018 of the discontinued operations that are not included in Net income (loss) in the Consolidated Statements of Income (Loss).