CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
REVENUES
Policy charges and fee income	$ 825	$ 865	$ 1,729	$ 1,724
Premiums	199	232	435	464
Net derivative gains (losses)	(5,903)	(178)	3,630	(1,733)
Net investment income (loss)	934	879	1,525	1,783
Investment gains (losses), net:
Credit losses on AFS debt securities and loans	(31)	0	(43)	0
Other investment gains (losses), net	176	(12)	243	(20)
Total investment gains (losses), net	145	(12)	200	(20)
Investment management and service fees	235	255	487	503
Other income	8	30	25	40
Total revenues	(3,557)	2,071	8,031	2,761
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	700	868	3,297	1,687
Interest credited to policyholders’ account balances	279	288	568	557
Compensation and benefits	54	85	134	167
Commissions	148	152	309	309
Interest expense	0	0	0	4
Amortization of deferred policy acquisition costs	164	144	1,222	309
Other operating costs and expenses	218	216	431	400
Total benefits and other deductions	1,563	1,753	5,961	3,433
Income (loss) from continuing operations, before income taxes	(5,120)	318	2,070	(672)
Income tax (expense) benefit	1,029	(53)	(425)	109
Net income (loss)	(4,091)	265	1,645	(563)
Less: Net income (loss) attributable to the noncontrolling interest	4	1	(3)	3
Net income (loss) attributable to Equitable Financial	$ (4,095)	$ 264	$ 1,648	$ (566)