Consolidated Statements of Income (Loss) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
REVENUES
Policy charges and fee income		$ 852	$ 1,095	$ 2,225
Premiums		531	587	725
Net derivative gains (losses)		(1,667)	(2,417)	879
Net investment income (loss)		3,503	3,601	3,077
Investment gains (losses), net:
Credit and intent to sell losses on available for sale debt securities and loans		(75)	(216)	(319)
Other investment gains (losses), net		(50)	(584)	(643)
Total investment gains (losses), net		(125)	(800)	(962)
Investment management and service fees		244	315	706
Amortization of reinsurance deposit liabilities		775	431	0
Distribution revenue		463	237	23
Other income		553	466	311
Total revenues		5,129	3,515	6,984
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits		1,437	1,781	2,327
Remeasurement of liability for future policy benefits		36	37	50
Change in market risk benefits and purchased market risk benefits		(67)	(1,018)	(1,107)
Interest credited to policyholders’ account balances		1,257	1,384	1,309
Compensation and benefits		179	170	202
Commissions		1,179	893	702
Interest expense		2	9	6
Amortization of deferred policy acquisition costs		525	503	473
Other operating costs and expenses		927	829	1,040
Total benefits and other deductions		5,475	4,588	5,002
Income (loss) from continuing operations, before income taxes		(346)	(1,073)	1,982
Income tax (expense) benefit		132	1,230	(388)
Net income (loss)		(214)	157	1,594
Less: Net income (loss) attributable to the noncontrolling interest	[1]	0	1	(3)
Net income (loss) attributable to Equitable Financial		$ (214)	$ 156	$ 1,597

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