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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
Universal life and investment-type product policy fee income $ 896 $ 815
Premiums 225 215
Net investment income (loss):    
Investment income (loss) from derivative instruments (57) 748
Other investment income (loss) 630 696
Total net investment income (loss) 573 1,444
Investment gains (losses), net:    
Total other-than-temporary impairment losses 0 (17)
Portion of loss recognized in other comprehensive income (loss) 0 0
Net impairment losses recognized 0 (17)
Other investment gains (losses), net (11) 30
Total investment gains (losses), net (11) 13
Commissions, fees and other income 973 913
Increase (decrease) in the fair value of the reinsurance contract asset (514) 1,629
Total revenues 2,142 5,029
BENEFITS AND OTHER DEDUCTIONS    
Policyholders’ benefits 833 1,118
Interest credited to policyholders’ account balances 548 245
Compensation and benefits 438 426
Commissions 286 268
Distribution related payments 96 87
Interest expense 5 4
Amortization of deferred policy acquisition cost, net 125 0
Amortization of other intangible assets 8 7
Other operating costs and expenses 384 378
Total benefits and other deductions 2,715 2,526
Earnings (loss) from continuing operations, before income taxes (573) 2,503
Income tax (expense) benefit 260 (751)
Net earnings (loss) (313) 1,752
Less: net (earnings) loss attributable to the noncontrolling interest (118) (117)
Net Earnings (Loss) Attributable to AXA Equitable $ (431) $ 1,635