Consolidated Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
REVENUES
Policy charges and fee income	$ 767	$ 880
Premiums	189	205
Net derivative gains (losses)	745	(2,778)
Net investment income (loss)	755	836
Investment gains (losses), net:
Credit losses on available-for-sale debt securities and loans	10	1
Other investment gains (losses), net	(332)	182
Total investment gains (losses), net	(322)	183
Investment management and service fees	193	283
Other income	22	14
Total revenues	2,349	(377)
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	945	823
Interest credited to policyholders’ account balances	292	270
Compensation and benefits	45	81
Commissions	171	182
Interest expense	0	1
Amortization of deferred policy acquisition costs	149	62
Other operating costs and expenses	267	399
Total benefits and other deductions	1,869	1,818
Income (loss) from continuing operations, before income taxes	480	(2,195)
Income tax (expense) benefit	(66)	587
Net income (loss)	414	(1,608)
Less: Net income (loss) attributable to the noncontrolling interest	(1)	0
Net income (loss) attributable to Equitable Financial	$ 415	$ (1,608)