Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Investments:
Fixed maturities available-for-sale, at fair value (amortized cost of $61,728 and $61,884) (allowance for credit losses of $2 and $4)		$ 54,077	$ 55,165
Mortgage loans on real estate (net of allowance for credit losses of $270 and $277)		18,298	17,877
Policy loans		3,827	3,667
Other equity investments	[1]	2,683	3,162
Trading securities, at fair value		809	257
Other invested assets		7,450	5,952
Total investments		87,144	86,080
Cash and cash equivalents		1,624	2,833
Deferred policy acquisition costs		4,685	4,759
Amounts due from reinsurers (allowance for credit losses of $8 and $7)		20,026	20,636
Loans to affiliates		1,900	1,900
Current and deferred income taxes		3,230	2,755
Purchased market risk benefits		13,033	16,729
Other assets		5,070	5,326
Assets for market risk benefits		781	574
Separate Accounts assets		125,807	121,497
Total Assets		263,300	263,089
LIABILITIES
Policyholders’ account balances		84,206	82,990
Liability for market risk benefits		11,791	14,570
Future policy benefits and other policyholders' liabilities		16,653	16,573
Broker-dealer related payables		289	796
Amounts due to reinsurers		185	216
Funds withheld payable		9,802	10,603
Loans from affiliates		400	0
Reinsurance deposit liabilities		14,193	14,965
Other liabilities		2,805	2,496
Separate Accounts liabilities		125,807	121,497
Total Liabilities		266,131	264,706
Redeemable noncontrolling interest	[2]	38	24
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		6,827	6,895
Accumulated deficit		(1,814)	(1,600)
Accumulated other comprehensive income (loss)		(7,884)	(6,938)
Total Equity		(2,869)	(1,641)
Total Liabilities, Redeemable Noncontrolling Interest and Equity		$ 263,300	$ 263,089

[1] See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.

[2] See Note 21 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.

[3] See Note 18 of the Notes to these Consolidated Financial Statements for details of commitments and contingent liabilities.