Consolidated Statements of Income (Loss) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
REVENUES
Policy charges and fee income		$ 183	$ 183	$ 390	$ 707
Premiums		119	156	252	353
Net derivative gains (losses)		(221)	(221)	(542)	(1,062)
Net investment income (loss)		866	885	1,800	1,743
Investment gains (losses), net:
Credit and intent to sell losses on available for sale debt securities and loans		(14)	(14)	(33)	(78)
Other investment gains (losses), net		(4)	(44)	(23)	(58)
Total investment gains (losses), net		(18)	(58)	(56)	(136)
Investment management and service fees		57	68	113	233
Amortization of reinsurance deposit liabilities		184	159	339	190
Other income		225	213	449	276
Total revenues		1,395	1,385	2,745	2,304
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits		350	335	717	953
Remeasurement of liability for future policy benefits		(2)	(14)	14	(1)
Change in market risk benefits and purchased market risk benefits		27	(92)	38	(68)
Interest credited to policyholders’ account balances		308	312	606	747
Compensation and benefits		46	48	93	103
Commissions		264	225	518	419
Interest expense		0	0	0	3
Amortization of deferred policy acquisition costs		125	123	255	245
Other operating costs and expenses		212	214	500	389
Total benefits and other deductions		1,330	1,151	2,741	2,790
Income (loss) from continuing operations, before income taxes		65	234	4	(486)
Income tax (expense) benefit		(16)	189	(8)	890
Net income (loss)		49	423	(4)	404
Less: Net income (loss) attributable to the noncontrolling interest	[1]	0	1	1	1
Net income (loss) attributable to Equitable Financial		$ 49	$ 422	$ (5)	$ 403

[1] See Note 14 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.