Consolidated Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
REVENUES
Policy charges and fee income	$ 735	$ 890	$ 1,502	$ 1,770
Premiums	166	188	355	393
Net derivative gains (losses)	2,150	(1,138)	2,895	(3,916)
Net investment income (loss)	695	934	1,450	1,770
Investment gains (losses), net:
Credit losses on available-for-sale debt securities and loans	(9)	5	1	6
Other investment gains (losses), net	(233)	405	(565)	587
Total investment gains (losses), net	(242)	410	(564)	593
Investment management and service fees	181	280	374	563
Other income	25	27	47	41
Total revenues	3,710	1,591	6,059	1,214
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	805	852	1,750	1,675
Interest credited to policyholders’ account balances	287	286	579	556
Compensation and benefits	44	54	89	135
Commissions	164	172	335	354
Interest expense	0	0	0	1
Amortization of deferred policy acquisition costs	136	187	285	249
Other operating costs and expenses	305	225	572	624
Total benefits and other deductions	1,741	1,776	3,610	3,594
Income (loss) from continuing operations, before income taxes	1,969	(185)	2,449	(2,380)
Income tax (expense) benefit	(387)	12	(453)	599
Net income (loss)	1,582	(173)	1,996	(1,781)
Less: Net income (loss) attributable to the noncontrolling interest	(3)	1	(4)	1
Net income (loss) attributable to Equitable Financial	$ 1,585	$ (174)	$ 2,000	$ (1,782)