XML 105 R93.htm IDEA: XBRL DOCUMENT v3.24.2.u1
REINSURANCE - Investment Income (Loss) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Reinsurance Retention Policy [Line Items]        
Net derivative gains (losses) $ (221) $ (221) $ (542) $ (1,062)
Net investment income (loss)     (23) (58)
Income (loss) from continuing operations, before income taxes 65 234 4 (486)
Income tax (expense) benefit (16) 189 (8) 890
Net income (loss) attributable to Equitable Financial 49 422 (5) 403
Comprehensive income (loss) (421) (138) (808) 2,176
Embedded derivatives        
Reinsurance Retention Policy [Line Items]        
Net derivative gains (losses) (1,016) (1,784) (2,570) (3,358)
Funds Withheld Assets        
Reinsurance Retention Policy [Line Items]        
Net derivative gains (losses) (150) 33 (205) 33
Net investment income (loss) 325 295 665 295
Investment gains (losses), net (3) (36) (38) (36)
Income (loss) from continuing operations, before income taxes 172 292 422 292
Income tax (expense) benefit (36) (53) (89) (53)
Net income (loss) attributable to Equitable Financial 136 239 333 239
Change in unrealized gains (losses), net of income taxes (178) (173) (353) (173)
Comprehensive income (loss) (42) 66 (20) 66
Funds Withheld Assets | Freestanding derivatives        
Reinsurance Retention Policy [Line Items]        
Net derivative gains (losses) 611 1,364 1,511 1,364
Funds Withheld Assets | Embedded derivatives        
Reinsurance Retention Policy [Line Items]        
Net derivative gains (losses) $ (761) $ (1,331) $ (1,716) $ (1,331)