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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost of $59,278 and $42,492) $ 62,362 $ 41,915
Mortgage loans on real estate (net of valuation allowance of $0 and $7) 12,090 11,818
Real estate held for production of income [1] 27 52
Policy loans 3,270 3,267
Other equity investments [1] 1,149 1,144
Trading securities, at fair value 6,598 15,166
Other invested assets 2,129 1,554
Total investments 87,625 74,916
Cash and cash equivalents 1,492 2,622
Deferred policy acquisition costs 4,337 5,011
Amounts due from reinsurers 3,001 3,124
Loans to affiliates 1,200 600
GMIB reinsurance contract asset, at fair value 2,466 1,991
Current and deferred income taxes 224 438
Other assets 3,050 2,763
Separate Accounts assets 124,646 108,487
Total Assets 228,041 199,952
LIABILITIES    
Policyholders’ account balances 55,421 46,403
Future policy benefits and other policyholders' liabilities 33,976 29,808
Broker-dealer related payables 428 69
Securities sold under agreements to repurchase 0 573
Amounts due to reinsurers 105 113
Loans from affiliates 0 572
Other liabilities 1,768 1,460
Separate Accounts liabilities 124,646 108,487
Total Liabilities 216,344 187,485
Redeemable noncontrolling interest [2] 39 39
Commitments and contingent liabilities
Equity attributable to Equitable Life:    
Common stock, $1.25 par value; 2,000,000 shares authorized, issued and outstanding 2 2
Additional paid-in capital 7,809 7,807
Retained earnings 2,242 5,098
Accumulated other comprehensive income (loss) 1,592 (491)
Total equity attributable to Equitable Life 11,645 12,416
Noncontrolling interest 13 12
Total Equity 11,658 12,428
Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 228,041 $ 199,952
[1] See Note 2 for details of balances with variable interest entities.
[2] See Note 20 for details of Redeemable noncontrolling interest.