EQUITY (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Accumulated Other Comprehensive Income (Loss)

AOCI represents cumulative gains (losses) on items that are not reflected in Net income (loss). The balances as of September 30, 2020 and 2019 follow:


	September 30,
	2020		2019
	(in millions)
Unrealized gains (losses) on investments	$	4,927	$	2,226
Defined benefit pension plans	(4)		(7)
Accumulated other comprehensive income (loss) attributable to Equitable Financial	$	4,923	$	2,220

Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes

The components of OCI, net of taxes for the three and nine months ended September 30, 2020 and 2019, follow:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(in millions)
Change in net unrealized gains (losses) on investments:
Net unrealized gains (losses) arising during the period	$	295	$	1,224	$	4,524	$	3,750
(Gains) losses reclassified into net income (loss) during the period (1)	(23)		(159)		(205)		(157)
Net unrealized gains (losses) on investments	271		1,065		4,318		3,593
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other	(24)		(335)		(992)		(872)
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of 66, $194, $884 and $718)	247		730		3,327		2,721
Other comprehensive income (loss), attributable to Equitable Financial	$	247	$	730	$	3,327	$	2,721

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(1)See “Reclassification adjustments” in Note 3. Reclassification amounts presented net of income tax expense (benefit) of $(6) million, $(42) million, $(55) million and $(42) million for the three and nine months ended September 30, 2020 and 2019, respectively.