Consolidated Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
REVENUES
Policy charges and fee income	$ 727	$ 811	$ 2,229	$ 2,581
Premiums	193	181	548	574
Net derivative gains (losses)	26	(236)	2,921	(4,152)
Net investment income (loss)	788	885	2,238	2,655
Investment gains (losses), net:
Credit and intent to sell losses on available for sale debt securities and loans	(273)	(2)	(272)	4
Other investment gains (losses), net	(75)	166	(640)	753
Total investment gains (losses), net	(348)	164	(912)	757
Investment management and service fees	173	228	547	791
Other income	25	24	72	65
Total revenues	1,584	2,057	7,643	3,271
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	510	708	2,260	2,383
Interest credited to policyholders’ account balances	351	285	930	841
Compensation and benefits	56	111	145	246
Commissions	208	140	543	494
Interest expense	2	0	2	1
Amortization of deferred policy acquisition costs	120	93	405	342
Other operating costs and expenses	204	223	776	847
Total benefits and other deductions	1,451	1,560	5,061	5,154
Income (loss) from continuing operations, before income taxes	133	497	2,582	(1,883)
Income tax (expense) benefit	(45)	(99)	(498)	500
Net income (loss)	88	398	2,084	(1,383)
Less: Net income (loss) attributable to the noncontrolling interest	0	0	(4)	1
Net income (loss) attributable to Equitable Financial	$ 88	$ 398	$ 2,088	$ (1,384)