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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Policy charges and fee income $ 3,344 $ 3,291 $ 3,150
Premiums 854 828 847
Net derivative gains (losses) (1,163) (1,075) 3,555
Net investment income (loss) 2,318 2,057 2,210
Investment gains (losses), net:      
Total other-than-temporary impairment losses (65) (41) (72)
Portion of loss recognized in other comprehensive income (loss) 0 0 0
Net impairment losses recognized (65) (41) (72)
Other investment gains (losses), net 81 21 14
Total investment gains (losses), net 16 (20) (58)
Investment management and service fees 3,755 3,902 3,900
Other income 36 40 30
Total revenues 9,160 9,023 13,634
BENEFITS AND OTHER DEDUCTIONS      
Policyholders’ benefits 2,745 2,457 3,708
Interest credited to policyholders’ account balances 1,079 973 1,029
Compensation and benefits 1,723 1,783 1,739
Commissions 1,095 1,111 1,147
Distribution related payments 372 394 413
Interest expense 16 20 53
Amortization of deferred policy acquisition costs, net 287 (254) (350)
Other operating costs and expenses 1,458 1,497 1,668
Total benefits and other deductions 8,775 7,981 9,407
Income (loss) from operations, before income taxes 385 1,042 4,227
Income tax (expense) benefit 168 23 (1,040)
Net income (loss) 553 1,065 3,187
Less: net (income) loss attributable to the noncontrolling interest (496) (398) (382)
Net Income (Loss) Attributable to AXA Equitable $ 57 $ 667 $ 2,805