CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
REVENUES
Policy charges and fee income	$ 853	$ 899	$ 2,582	$ 2,619
Premiums	178	232	613	696
Net derivative gains (losses)	(1,527)	(343)	2,097	(2,080)
Net investment income (loss)	809	744	2,334	2,527
Investment gains (losses), net:
Credit losses on AFS debt securities and loans	(4)	0	(47)	0
Other investment gains (losses), net	19	201	262	181
Total investment gains (losses), net	15	201	215	181
Investment management and service fees	257	258	744	761
Other income	18	(1)	43	39
Total revenues	603	1,990	8,628	4,743
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	950	1,642	4,267	3,356
Interest credited to policyholders’ account balances	277	296	845	859
Compensation and benefits	76	70	210	237
Commissions	153	153	462	462
Interest expense	0	0	0	4
Amortization of deferred policy acquisition costs	119	54	1,290	345
Other operating costs and expenses	221	214	653	614
Total benefits and other deductions	1,796	2,429	7,727	5,877
Income (loss) from continuing operations, before income taxes	(1,193)	(439)	901	(1,134)
Income tax (expense) benefit	249	175	(181)	289
Net income (loss)	(944)	(264)	720	(845)
Less: Net income (loss) attributable to the noncontrolling interest	2	0	(1)	3
Net income (loss) attributable to Equitable Financial	$ (946)	$ (264)	$ 721	$ (848)