Consolidated Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
REVENUES
Policy charges and fee income	$ 524	$ 591
Premiums	197	189
Net derivative gains (losses)	(841)	144
Net investment income (loss)	858	755
Investment gains (losses), net:
Credit and intent to sell losses on available for sale debt securities and loans	(64)	10
Other investment gains (losses), net	(14)	(332)
Total investment gains (losses), net	(78)	(322)
Investment management and service fees	165	193
Other income	94	77
Total revenues	919	1,627
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	618	713
Remeasurement of liability for future policy benefits	13	14
Change in market risk benefits and purchased market risk benefits	24	(401)
Interest credited to policyholders’ account balances	435	288
Compensation and benefits	55	45
Commissions	194	171
Interest expense	3	0
Amortization of deferred policy acquisition costs	122	115
Other operating costs and expenses	175	266
Total benefits and other deductions	1,639	1,211
Income (loss) from continuing operations, before income taxes	(720)	416
Income tax (expense) benefit	701	(67)
Net income (loss)	(19)	349
Less: Net income (loss) attributable to the noncontrolling interest	0	(1)
Net income (loss) attributable to Equitable Financial	$ (19)	$ 350