EQUITY (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

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, 2022 and December 31, 2021 follow:

	September 30,		December 31,
	2022		2021
	(in millions)
Unrealized gains (losses) on investments	$	(7,091)	$	2,362
Defined benefit pension plans	(4)		(5)
Accumulated other comprehensive income (loss) attributable to Equitable Financial	$	(7,095)	$	2,357

Schedule of 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, 2022 and 2021, follow:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(in millions)
Change in net unrealized gains (losses) on investments:
Net unrealized gains (losses) arising during the period	$	(3,010)	$	(285)	$	(12,224)	$	(2,409)
(Gains) losses reclassified into net income (loss) during the period (1)	258		(130)		696		(608)
Net unrealized gains (losses) on investments	(2,752)		(415)		(11,528)		(3,017)
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other	491		61		2,076		708
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $(602), $(94), $(2,513) and $(614))	(2,261)		(354)		(9,452)		(2,309)
Other comprehensive income (loss), attributable to Equitable Financial	$	(2,261)	$	(354)	$	(9,452)	$	(2,309)

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(1)See “Reclassification adjustment” in Note 3 of the Notes to these Consolidated Financial Statements. Reclassification amounts presented net of income tax expense (benefit) of $(69) million, $35 million, $(185) million and $162 million for the three and nine months ended September 30, 2022 and 2021, respectively.