SUPPLEMENTARY CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY ONLY DISCLOSURES SHEDULE II

12 Months Ended

Dec. 31, 2011

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

SUPPLEMENTARY CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY ONLY DISCLOSURES SHEDULE II

AXA EQUITABLE LIFE INSURANCE COMPANY
SCHEDULE II
BALANCE SHEETS (PARENT COMPANY)
DECEMBER 31, 2011 AND 2010
			2011		2010
			(In Millions)
ASSETS
Investment:
	Fixed maturities available-for-sale, at fair value (amortized cost of
		$30,142 and $28,134, respectively)	$	31,922	$	29,007
	Mortgage loans on real estate			4,281		3,571
	Equity real estate, held for the production of income			99		140
	Policy loans			3,542		3,580
	Investments in and loans to affiliates			2,304		2,434
	Trading securities			472		-
	Other equity investments			1,446		1,390
	Other invested assets			2,334		1,404
		Total investments		46,400		41,526
Cash and cash equivalents				2,516		1,413
Deferred policy acquisition costs				4,653		8,383
Amounts due from reinsurers				3,542		3,252
Guaranteed minimum income benefit reinsurance asset, at fair value				10,547		4,606
Other assets				4,782		5,070
Separate Accounts' assets				86,419		92,014
Total Assets			$	158,859	$	156,264
LIABILITIES
Policyholders' account balances			$	26,033	$	24,654
Future policy benefits and other policyholders liabilities				21,562		18,931
Broker-dealer related payables				11		5
Short-term and long-term debt				200		200
Income taxes payable				4,772		3,712
Loans from affiliates				1,325		1,325
Other liabilities				2,976		2,372
Separate Accounts' liabilities				86,419		92,014
		Total liabilities		143,298		143,213
SHAREHOLDER'S EQUITY
Common stock, $1.25 par value, 2.0 million shares authorized, issued and outstanding				2		2
Capital in excess of par value				5,743		5,593
Retained earnings				10,120		8,085
Accumulated other comprehensive income (loss)				(304)		(629)
		Total AXA Equitable's equity		15,561		13,051
Total Liabilities and AXA Equitable's Equity			$	158,859	$	156,264

The financial information of AXA Equitable Life Insurance Company (“Parent Company”) should be read in conjunction with the Consolidated Financial Statements and Notes thereto.

AXA EQUITABLE LIFE INSURANCE COMPANY
SCHEDULE II
STATEMENTS OF EARNINGS (PARENT COMPANY)
YEARS ENDED DECEMBER 31, 2011, 2010 AND 2009
			2011		2010		2009
			(In Millions)
REVENUES
Universal life and investment-type product policy fee income			$	3,312	$	3,067	$	2,918
Premiums				533		530		431
Net investment income (loss):
	Investment income (loss) from derivative instruments			2,369		(269)		(3,079)
	Other investment income (loss)			2,186		2,239		1,958
		Total net investment income (loss)		4,555		1,970		(1,121)
Investment gains (losses), net:
	Total other-than-temporary impairment losses			(36)		(300)		(168)
	Portion of loss recognized in other comprehensive income (loss)			4		18		6
		Net impairment losses recognized		(32)		(282)		(162)
	Other investment gains (losses), net			(10)		51		165
		Total investment gains (losses), net		(42)		(231)		3
Equity in earnings (loss) of subsidiaries				55		468		483
Commissions, fees and other income				338		714		601
Increase (decrease) in the fair value of the reinsurance contract asset				5,941		2,350		(2,566)
		Total revenues		14,692		8,868		749
BENEFITS AND OTHER DEDUCTIONS
Policyholders' benefits				4,357		3,079		1,299
Interest credited to policyholders' account balances				999		951		1,004
Compensation and benefits				315		463		755
Commissions				1,212		1,056		1,074
Interest expense				106		106		106
Amortization of deferred policy acquisition costs				4,680		168		115
Capitalization of deferred policy acquisition costs				(1,030)		(916)		(975)
Rent expense				57		56		58
Amortization and depreciation				2		2		63
Premium taxes				43		40		36
Other operating costs and expenses				696		783		373
		Total benefits and other deductions		11,437		5,788		3,908
Earnings (loss) from continuing operations, before income taxes				3,255		3,080		(3,159)
Income tax (expense) benefit				(942)		(772)		1,352
Earnings (loss) from continuing operations				2,313		2,308		(1,807)
Equity in earnings (losses) from discontinued operations,
	net of income taxes			-		-		3
Equity in gains on sale of discontinued operations, net of income taxes				-		-		-
Net Earnings (Loss)				2,313		2,308		(1,804)
	Less: net (earnings) loss attributable to the noncontrolling interest			101		(235)		(359)
Net Earnings (Loss) Attributable to AXA Equitable			$	2,414	$	2,073	$	(2,163)

AXA EQUITABLE LIFE INSURANCE COMPANY
SCHEDULE II
STATEMENTS OF CASH FLOWS (PARENT COMPANY)
YEARS ENDED DECEMBER 31, 2011, 2010 AND 2009
		2011		2010		2009
		(In Millions)
Net earnings (loss)		$	2,313	$	2,308	$	(1,804)
Adjustments to reconcile net earnings (loss) to net cash provided
	by (used in) operating activities:
	Interest credited to policyholders' account balances		999		951		1,004
	Universal life and investment-type policy fee income		(3,312)		(3,067)		(2,918)
	Investment gains (losses), net		42		231		(3)
	Equity in net earnings of subsidiaries		(55)		(468)		(482)
	Dividends from subsidiaries		332		123		121
	Change in deferred policy acquisition costs		3,650		(748)		(860)
	Change in future policy benefits and other policyholder funds		2,229		1,136		(755)
	(Income) loss related to derivative instruments		(2,369)		268		3,079
	Change in reinsurance recoverable with affiliate		(242)		(233)		1,486
	Change in the fair value of the reinsurance contract asset		(5,941)		(2,350)		2,566
	Change in income tax payable		974		830		(1,150)
	Amortization of reinsurance cost		211		274		318
	Amortization and depreciation		83		100		94
	Other, net		(190)		(8)		121
Net cash provided by (used in) operating activities			(1,276)		(653)		817
Cash flows from investing activities:
	Maturities and repayments		3,427		2,746		2,055
	Sales		626		2,863		6,522
	Purchases		(7,462)		(6,529)		(8,566)
	Cash settlements related to derivative instruments		1,429		(651)		(2,565)
	Increase in loans to affiliates		-		-		(250)
	Decrease in loans to affiliates		-		3		1
	Sale of AXA Equitable Life and Annuity		-		-		-
	Change in short-term investments		16		(53)		140
	Change in policy loans		38		37		84
	Other, net		(44)		(97)		(56)
Net cash provided by (used in) investing activities			(1,970)		(1,681)		(2,635)

AXA EQUITABLE LIFE INSURANCE COMPANY
SCHEDULE II
STATEMENTS OF CASH FLOWS (PARENT COMPANY)
YEARS ENDED DECEMBER 31, 2011, 2010 AND 2009 - CONTINUED
			2011		2010		2009
			(In Millions)
Cash flows from financing activities:
	Policyholders' account balances:
		Deposits	$	4,461	$	3,187	$	3,395
		Withdrawals and transfers to Separate Accounts		(821)		(483)		(2,161)
	Shareholder dividends paid			(379)		(300)		-
	Capital contribution			-		-		439
	Change in short-term financings			-		-		-
	Change in collateralized pledged liabilities			989		(270)		126
	Change in collateralized pledged assets			99		533		(632)
	Increase in loans from affiliates			-		-		-
Net cash provided by (used in) financing activities				4,349		2,667		1,167
Change in cash and cash equivalents				1,103		333		(651)
Cash and cash equivalents, beginning of year				1,413		1,080		1,731
Cash and Cash Equivalents, End of Year			$	2,516	$	1,413	$	1,080
Supplemental cash flow information:
	Interest Paid		$	15	$	19	$	15
	Income Taxes (Refunded) Paid		$	15	$	(27)	$	(20)