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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost of $63,853 and $68,087) (allowance for credit losses of $2 and $24) $ 53,780 $ 58,947
Mortgage loans on real estate (net of allowance for credit losses of $209 and $129) 17,586 16,464
Policy loans 3,607 3,563
Other equity investments [1] 3,025 2,942
Trading securities, at fair value 293 283
Other invested assets 5,496 2,835
Total investments 83,787 85,034
Cash and cash equivalents 1,448 797
Deferred policy acquisition costs 4,771 4,814
Amounts due from reinsurers (allowance for credit losses of $7 and $10) 21,512 7,131
Loans to affiliates 1,900 1,900
Current and deferred income taxes 2,565 1,376
Purchased market risk benefits 15,490 10,490
Other assets 6,056 3,917
Assets for market risk benefits 677 478
Separate Accounts assets 112,787 111,479
Total Assets 250,993 227,416
LIABILITIES    
Policyholders’ account balances 82,152 79,742
Liability for market risk benefits 12,995 15,751
Future policy benefits and other policyholders' liabilities 15,929 15,935
Broker-dealer related payables 67 95
Amounts due to reinsurers 199 282
Funds withheld payable 10,550 0
Reinsurance deposit liabilities 15,094 2,507
Other liabilities 3,363 2,678
Separate Accounts liabilities 112,787 111,479
Total Liabilities 253,136 228,469
Redeemable noncontrolling interest [2] 22 21
Commitments and contingent liabilities [3]
Equity attributable to Equitable Financial:    
Common stock, $1.25 par value; 2,000,000 shares authorized, issued and outstanding 2 2
Additional paid-in capital 6,890 8,536
Accumulated deficit (520) (1,757)
Accumulated other comprehensive income (loss) (8,537) (7,855)
Total Equity (2,165) (1,074)
Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 250,993 $ 227,416
[1] See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.
[2] See Note 14 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.
[3] See Note 15 of the Notes to these Consolidated Financial Statements for details of commitments and contingent liabilities.