10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2012

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             

Commission File No. 000-20501

AXA Equitable Life Insurance Company

(Exact name of registrant as specified in its charter)

New York	13-5570651
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1290 Avenue of the Americas, New York, New York	10104
(Address of principal executive offices)	(Zip Code)

(212) 554-1234

(Registrant’s telephone number, including area code)

Not applicable

(Former name, former address, and former fiscal year if changed since last report.)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “accelerated filer,” “large accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	x  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

As of August 10, 2012, 2,000,000 shares of the registrant’s Common Stock were outstanding.

AXA EQUITABLE LIFE INSURANCE COMPANY

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2012

TABLE OF CONTENTS

			Page
PART I	FINANCIAL INFORMATION
Item 1.	Consolidated Financial Statements (Unaudited)
	•	Consolidated Balance Sheets, June 30, 2012 and December 31, 2011		4
	•	Consolidated Statements of Earnings (Loss), Three Months and Six Months Ended June 30, 2012 and 2011		6
	•	Consolidated Statements of Comprehensive Income (Loss), Three Months and Six Months Ended June30, 2012 and 2011		7
	•	Consolidated Statements of Equity, Six Months Ended June 30, 2012 and 2011		8
	•	Consolidated Statements of Cash Flows, Six Months Ended June 30, 2012 and 2011		9
	•	Notes to Consolidated Financial Statements (Unaudited)		11
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations			58
Item 3.	Quantitative and Qualitative Disclosures About Market Risk			99
Item 4.	Controls and Procedures			99
PART II	OTHER INFORMATION
Item 1.	Legal Proceedings			100
Item 1A.	Risk Factors			100
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds			100
Item 3.	Defaults Upon Senior Securities			100
Item 4.	Mine Safety Disclosures			100
Item 5.	Other Information			100
Item 6.	Exhibits			100
SIGNATURES				101

2

FORWARD-LOOKING STATEMENTS

Certain of the statements included or incorporated by reference in this Quarterly Report on Form 10-Q, including but not limited to those in Management’s Discussion and Analysis of Financial Condition and Results of Operations, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “includes,” “plans,” “assumes,” “estimates,” “projects,” “intends,” “should,” “will,” “shall” or variations of such words are generally part of forward-looking statements. Forward-looking statements are made based on management’s current expectations and beliefs concerning future developments and their potential effects upon AXA Equitable Life Insurance Company and its subsidiaries (“AXA Equitable”). There can be no assurance that future developments affecting AXA Equitable will be those anticipated by management. These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, and there are certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements, including, among others: (i) difficult conditions in the global capital markets and economy; (ii) equity market declines and volatility causing, among other things, a reduction in the demand for our products, a reduction in the revenue derived from asset-based fees, a reduction in the value of securities held for investment, including the investment in AllianceBernstein, an acceleration in DAC amortization and an increase in the liabilities related to annuity contracts offering enhanced guarantee features, which may lead to changes in the fair value of our GMIB reinsurance contracts, causing our earnings to be volatile; (iii) interest rate fluctuations or prolonged periods of low interest rates causing, among other things, a reduction in our portfolio earnings, a reduction in the margins on interest sensitive annuity and life insurance contracts and an increase in the reserve requirements for such products, and a reduction in the demand for the types of products we offer; (iv) ineffectiveness of our reinsurance and hedging programs to protect against the full extent of the exposure or loss we seek to mitigate; (v) regulatory or legislative changes, including government actions in response to the stress experienced by the global financial markets; (vi) changes to statutory capital requirements; (vii) our requirements to pledge collateral or make payments related to declines in estimated fair value of certain assets may impact our liquidity or expose us to counterparty credit risk; (viii) counterparty non-performance; (ix) changes in statutory reserve requirements; (x) differences between actual experience regarding mortality, morbidity, persistency, surrender experience, interest rates or market returns and the assumptions used in pricing products, establishing liabilities and reserves or for other purposes; (xi) changes in assumptions related to deferred policy acquisition costs; (xii) our use of numerous financial models, which rely on estimates, assumptions and projections that are inherently uncertain and involve the exercise of significant judgment; (xiii) market conditions could adversely affect our goodwill; (xiv) investment losses and defaults, and changes to investment valuations; (xv) liquidity of certain investments; (xvi) changes in claims-paying or credit ratings; (xvii) adverse determinations in litigation or regulatory matters; (xviii) changes in tax law; (xix) heightened competition, including with respect to pricing, entry of new competitors, consolidation of distributors, the development of new products by new and existing competitors and for personnel; (xx) our inability to recruit, motivate and retain experienced and productive financial professionals and key employees and the ability of our financial professionals to sell competitors’ products; (xxi) changes in accounting standards, practices and/or policies; (xxii) the effects of business disruption or economic contraction due to terrorism, other hostilities, pandemics, or natural or man-made catastrophes; (xxiii) ineffectiveness of risk management policies and procedures in identifying, monitoring and managing risks; (xxiv) the perception of our brand and reputation in the marketplace; (xxv) the impact on our business resulting from changes in the demographics of our client base, as baby-boomers move from the asset-accumulation to the asset-distribution stage of life; (xxvi) the impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including our ability to integrate acquisitions and to obtain the anticipated results and synergies from acquisitions; (xxvii) significant changes in securities market valuations affecting fee income, poor investment performance resulting in a loss of clients or other factors affecting the performance of AllianceBernstein; and (xxviii) other risks and uncertainties described from time to time in AXA Equitable’s filings with the SEC.

AXA Equitable does not intend, and is under no obligation, to update any particular forward-looking statement included in this document. See “Risk Factors” included in the Annual Report on Form 10-K for the year ended December 31, 2011 and elsewhere in this report for discussion of certain risks relating to its businesses.

3

PART I FINANCIAL INFORMATION

Item 1: Consolidated Financial Statements

AXA EQUITABLE LIFE INSURANCE COMPANY

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

	June 30, 2012		December 31, 2011
	(In Millions)
ASSETS
Investments:
Fixed maturities available for sale, at fair value	$	33,011	$	31,992
Mortgage loans on real estate		4,633		4,281
Equity real estate, held for the production of income		104		99
Policy loans		3,526		3,542
Other equity investments		1,708		1,707
Trading securities		1,527		982
Other invested assets		2,265		2,340
Total investments		46,774		44,943
Cash and cash equivalents		3,614		3,227
Cash and securities segregated, at fair value		1,155		1,280
Broker-dealer related receivables		1,432		1,327
Deferred policy acquisition costs		3,622		3,545
Goodwill and other intangible assets, net		3,685		3,697
Amounts due from reinsurers		3,597		3,542
Loans to affiliates		1,039		1,041
Guaranteed minimum income benefit reinsurance contract asset, at fair value		11,381		10,547
Other assets		5,474		5,340
Separate Accounts’ assets		90,290		86,419
Total Assets	$	172,063	$	164,908
LIABILITIES
Policyholders’ account balances	$	27,102	$	26,033
Future policy benefits and other policyholders liabilities		21,937		21,595
Broker-dealer related payables		767		466
Amounts due to reinsurers		64		74
Customers related payables		1,819		1,889
Short-term and long-term debt		476		645
Loans from affiliates		1,325		1,325
Income taxes payable		5,532		5,104
Other liabilities		4,160		3,815
Separate Accounts’ liabilities		90,290		86,419
Total liabilities		153,472		147,365
Commitments and contingent liabilities (Notes 10 and 11)

4

AXA EQUITABLE LIFE INSURANCE COMPANY

CONSOLIDATED BALANCE SHEETS - CONTINUED

(UNAUDITED)

	June 30, 2012		December 31, 2011
	(In Millions)
EQUITY
Common stock, $1.25 par value; 2 million shares authorized, issued and outstanding		2		2
Capital in excess of par value		5,743		5,743
Retained earnings		9,997		9,392
Accumulated other comprehensive income (loss)		84		(297	)
Total AXA Equitable’s equity		15,826		14,840
Noncontrolling interest		2,765		2,703
Total equity		18,591		17,543
Total Liabilities and Equity	$	172,063	$	164,908

See Notes to Consolidated Financial Statements (Unaudited).

5

AXA EQUITABLE LIFE INSURANCE COMPANY

CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)

(UNAUDITED)

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In Millions)
REVENUES
Universal life and investment-type product policy fee income	$	821		$	817		$	1,649		$	1,713
Premiums		116			133			259			285
Net investment income (loss):
Investment income (loss) from derivative instruments		1,517			275			(42	)		(91	)
Other investment income (loss)		545			559			1,178			1,166
Total net investment income (loss)		2,062			834			1,136			1,075
Investment gains (losses), net:
Total other-than-temporary impairment losses		(50	)		(23	)		(53	)		(23	)
Portion of loss recognized in other comprehensive income (loss)		1			1			1			1
Net impairment losses recognized		(49	)		(22	)		(52	)		(22	)
Other investment gains (losses), net		(4	)		(5	)		(9	)		(8	)
Total investment gains (losses), net		(53	)		(27	)		(61	)		(30	)
Commissions, fees and other income		852			951			1,706			1,909
Increase (decrease) in the fair value of the reinsurance contract asset		2,677			694			834			(239	)
Total revenues		6,475			3,402			5,523			4,713
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits		1,250			684			1,387			1,162
Interest credited to policyholders’ account balances		250			251			566			493
Compensation and benefits		393			483			820			969
Commissions		320			293			651			565
Distribution related payments		86			78			166			153
Amortization of deferred sales commissions		10			10			18			20
Interest expense		27			26			54			53
Amortization of deferred policy acquisition costs		245			114			328			379
Capitalization of deferred policy acquisition costs		(192	)		(177	)		(375	)		(335	)
Rent expense		56			56			117			118
Amortization of other intangible assets		6			6			12			12
Other operating costs and expenses		198			377			519			764
Total benefits and other deductions		2,649			2,201			4,263			4,353
Earnings (loss) from continuing operations, before income taxes		3,826			1,201			1,260			360
Income tax (expense) benefit		(1,358	)		(402	)		(365	)		(62	)
Net earnings (loss)		2,468			799			895			298
Less: net (earnings) loss attributable to the noncontrolling interest		(47	)		(58	)		(109	)		(129	)
Net Earnings (Loss) Attributable to AXA Equitable	$	2,421		$	741		$	786		$	169

See Notes to Consolidated Financial Statements (Unaudited).

6

AXA EQUITABLE LIFE INSURANCE COMPANY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In Millions)
COMPREHENSIVE INCOME (LOSS)
Net earnings (loss)	$	2,468		$	799		$	895		$	298
Other comprehensive income (loss) net of income taxes:
Change in unrealized gains (losses), net of reclassification adjustment		385			135			432			174
Changes in defined benefit plan related items not yet recognized in periodic benefit cost, net of reclassification adjustment		(27	)		(12	)		(52	)		(33	)
Total other comprehensive income (loss), net of income taxes		358			123			380			141
Comprehensive income (loss)		2,826			922			1,275			439
Less: Comprehensive (income) loss attributable to noncontrolling interest		(45	)		(76	)		(108	)		(139	)
Comprehensive Income (Loss) Attributable to AXA Equitable	$	2,781		$	846		$	1,167		$	300

See Notes to Consolidated Financial Statements (Unaudited).

7

AXA EQUITABLE LIFE INSURANCE COMPANY

CONSOLIDATED STATEMENTS OF EQUITY

SIX MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

	2012			2011
	(In Millions)
EQUITY
AXA Equitable’s Equity:
Common stock, at par value, beginning of year and end of period	$	2		$	2
Capital in excess of par value, beginning of year		5,743			5,593
Changes in capital in excess of par value		—			19
Capital in excess of par value, end of period		5,743			5,612
Retained earnings, beginning of year		10,120			8,085
Impact of implementing new accounting guidance, net of taxes		(728	)		(1,241	)
Retained earnings, beginning of year as adjusted		9,392			6,844
Net earnings (loss)		786			169
Stockholder dividends		(181	)		(379	)
Retained earnings, end of period		9,997			6,634
Accumulated other comprehensive income (loss), beginning of year		(304	)		(629	)
Impact of implementing new accounting guidance, net of taxes		7			19
Accumulated other comprehensive income (loss), beginning of year as adjusted		(297	)		(610	)
Other comprehensive income (loss)		381			131
Accumulated other comprehensive income (loss), end of period		84			(479	)
Total AXA Equitable’s equity, end of period		15,826			11,769
Noncontrolling interest, beginning of year		2,703			3,118
Purchase of AllianceBernstein Units by noncontrolling interest		—			1
Repurchase of AllianceBernstein Holding units		(61	)		(65	)
Purchase of AllianceBernstein Put		—			—
Purchase of noncontrolling interest in consolidated entity		—			(32	)
Net earnings (loss) attributable to noncontrolling interest		109			129
Dividends paid to noncontrolling interest		(96	)		(179	)
Other comprehensive income (loss) attributable to noncontrolling interest		(1	)		10
Other changes in noncontrolling interest		111			40
Noncontrolling interest, end of period		2,765			3,022
Total Equity, End of Period	$	18,591		$	14,791

See Notes to Consolidated Financial Statements (Unaudited).

8

AXA EQUITABLE LIFE INSURANCE COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS

SIX MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

	2012			2011
	(In Millions)
Net earnings (loss)	$	895			298
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:
Interest credited to policyholders’ account balances		566			493
Universal life and investment-type product policy fee income		(1,649	)		(1,713	)
Net change in broker-dealer and customer related receivables/payables		(179	)		(318	)
(Income) loss related to derivative instruments		42			91
Investment (gains) losses, net		61			30
Change in segregated cash and securities, net		125			95
Change in deferred policy acquisition costs		(47	)		44
Change in future policy benefits		145			91
Change in income taxes payable		203			26
Change in accounts payable and accrued expenses		(21	)		41
Change in the fair value of the reinsurance contract asset		(834	)		239
Contribution to pension plans		—			(258	)
Amortization of deferred compensation		4			114
Amortization of deferred sales commission		18			20
Other depreciation and amortization		56			72
Amortization of reinsurance cost		(22	)		178
Amortization of other intangibles		12			12
Other, net		110			76
Net cash provided by (used in) operating activities		(515	)		(369	)
Cash flows from investing activities:
Maturities and repayments of fixed maturities and mortgage loans on real estate		1,960			1,757
Sales of investments		476			861
Purchases of investments		(3,619	)		(3,563	)
Cash settlements related to derivative instruments		316			(168	)
Change in short-term investments		(2	)		11
Investment in capitalized software, leasehold improvements and EDP equipment		(32	)		(46	)
Other, net		(71	)		84
Net cash provided by (used in) investing activities		(972	)		(1,064	)

9

AXA EQUITABLE LIFE INSURANCE COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS

SIX MONTHS ENDED JUNE 30, 2012 AND 2011 - CONTINUED

(UNAUDITED)

	2012			2011
	(In Millions)
Cash flows from financing activities:
Policyholders’ account balances:
Deposits and transfers from Separate Accounts	$	2,575			2,027
Withdrawals		(393	)		(396	)
Change in short-term financings		(169	)		105
Change in collateralized pledged assets		—			98
Change in collateralized pledged liabilities		221			258
Shareholder dividend paid		(181	)		(379	)
Repurchase of AllianceBernstein Holding units		(95	)		(101	)
Distribution to noncontrolling interests in consolidated subsidiaries		(96	)		(179	)
Other, net		12			(30	)
Net cash provided by (used in) financing activities		1,874			1,403
Change in cash and cash equivalents		387			(30	)
Cash and cash equivalents, beginning of year		3,227			2,155
Cash and Cash Equivalents, End of Period	$	3,614		$	2,125
Supplemental cash flow information:
Interest Paid	$	54		$	53
Income Taxes Paid (Refunded)	$	160		$	3

See Notes to Consolidated Financial Statements (Unaudited).

10

AXA EQUITABLE LIFE INSURANCE COMPANY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

1) ORGANIZATION AND BASIS OF PRESENTATION

The preparation of the accompanying unaudited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions (including normal, recurring accruals) that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates. The accompanying unaudited interim consolidated financial statements reflect all adjustments necessary in the opinion of management for a fair presentation of the consolidated financial position of AXA Equitable and its consolidated results of operations and cash flows for the periods presented. All significant intercompany transactions and balances have been eliminated in consolidation. Certain reclassifications have been made in the amounts presented for prior periods to conform those periods to the current presentation. These statements should be read in conjunction with the audited consolidated financial statements of AXA Equitable for the year ended December 31, 2011. The results of operations for the six months ended June 30, 2012 are not necessarily indicative of the results to be expected for the full year.

At June 30, 2012 and December 31, 2011, the Company’s economic interest in AllianceBernstein was 36.6% and 37.3%, respectively. At June 30, 2012 and December 31, 2011, respectively, AXA and its subsidiaries’ (including AXA Financial Group) economic interest in AllianceBernstein was approximately 63.5% and 64.6%.

In the first quarter of 2011, AXA sold its 50% interest in AllianceBernstein’s consolidated Australian joint venture to an unaffiliated third party as part of a larger transaction. On March 31, 2011, AllianceBernstein purchased that 50% interest from the unaffiliated third party, making this Australian entity a wholly-owned subsidiary. AllianceBernstein purchased the remaining 50% interest for $21 million. As a result, the Company’s Noncontrolling interest decreased $27 million and AXA Equitable’s equity increased $6 million.

The terms “second quarter 2012” and “second quarter 2011” refer to the three months ended June 30, 2012 and 2011, respectively. The terms “first six months of 2012” and “first six months of 2011” refer to the six months ended June 30, 2012 and 2011, respectively.

2) ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS

In September 2011, the FASB issued new guidance on testing goodwill for impairment. The guidance is intended to reduce the cost and complexity of the annual goodwill impairment test by providing entities with the option of performing a “qualitative” assessment to determine whether further impairment testing is necessary. The guidance was effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Implementation of this guidance did not have a material impact on the Company’s consolidated financial statements.

In May 2011, the FASB amended its guidance on fair value measurements and disclosure requirements to enhance comparability between U.S. GAAP and IFRS. The changes to the existing guidance include how and when the valuation premise of highest and best use applies, the application of premiums and discounts, as well as new required disclosures. This guidance was effective for reporting periods beginning after December 15, 2011. Implementation of this guidance expanded the Company’s fair value disclosures and did not have a material impact on the Company’s consolidated financial statements.

In October 2010, the FASB issued authoritative guidance to address diversity in practice regarding the interpretation of which costs relating to the acquisition of new or renewal insurance contracts qualify for deferral. Under the amended guidance, an entity may defer incremental direct costs of contract acquisition with independent third parties or employees that are essential to the contract transaction, as well as the portion of employee compensation, including payroll fringe benefits and other costs directly related to underwriting, policy issuance and processing, medical inspection, and contract selling for successfully negotiated contracts. This amended guidance was effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 and permits, but does not require, retrospective application. The Company adopted this guidance effective January 1, 2012, and applied the retrospective method of adoption.

11

The following table presents the effects of the retrospective application of the adoption of such new accounting guidance to the Company’s previously reported consolidated balance sheets:

	As Previously Reported						Adjustment						As Adjusted
	December 31,						December 31,						December 31,
	2011			2010			2011			2010			2011			2010
	(In Millions)
Assets:
Deferred policy acquisition costs	$	4,653		$	8,383		$	(1,108	)	$	(1,880	)	$	3,545		$	6,503
Liabilities:
Income taxes payable		5,491			4,315			(387	)		(658	)		5,104			3,657
Equity:
Retained earnings		10,120			8,085			(728	)		(1,241	)		9,392			6,844
Accumulated other comprehensive income (loss)		(304	)		(629	)		7			19			(297	)		(610	)
Total AXA Equitable’s equity		15,561			13,051			(721	)		(1,222	)		14,840			11,829
Total equity		18,264			16,169			(721	)		(1,222	)		17,543			14,947

The following table presents the effects of the retrospective application of the adoption of such new accounting guidance to the Company’s previously reported consolidated statements of earnings (loss):

	As Previously Reported			Adjustment			As Adjusted
	(In Millions)
Three Months Ended June 30, 2011
Benefits and Other Deductions:
Amortization of deferred policy acquisition costs	$	188		$	(74	)	$	114
Capitalization of deferred policy acquisition costs		(246	)		69			(177	)
Earnings (loss) from continuing operations, before income taxes		1,196			5			1,201
Income tax (expense) benefit		(401	)		(1	)		(402	)
Net earnings (loss)		795			4			799
Net Earnings (Loss) Attributable to AXA Equitable		737			4			741
Six Months Ended June 30, 2011
Benefits and Other Deductions:
Amortization of deferred policy acquisition costs	$	565		$	(186	)	$	379
Capitalization of deferred policy acquisition costs		(470	)		135			(335	)
Earnings (loss) from continuing operations, before income taxes		309			51			360
Income tax (expense) benefit		(45	)		(17	)		(62	)
Net earnings (loss)		264			34			298
Net Earnings (Loss) Attributable to AXA Equitable		135			34			169

The following table presents the effects of the retrospective application of the adoption of such new accounting guidance to the Company’s previously reported consolidated statements of cash flows:

	As Previously Reported		Adjustment			As Adjusted
	(In Millions)
Six Months Ended June 30, 2011
Cash flows from operating activities:
Net earnings (loss)	$	264	$	34		$	298
Change in deferred policy acquisition costs		95		(51	)		44
Change in income taxes payable		9		17			26

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3) INVESTMENTS

Fixed Maturities and Equity Securities

The following table provides information relating to fixed maturities and equity securities classified as AFS:

Available-for-Sale Securities by Classification

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		OTTI in AOCI (3)
	(In Millions)
June 30, 2012:
Fixed Maturities:
Corporate	$	20,717	$	2,073	$	71	$	22,719	$	—
U.S. Treasury, government and agency		4,600		540		—		5,140		—
States and political subdivisions		448		79		1		526		—
Foreign governments		451		71		—		522		—
Commercial mortgage-backed		1,231		10		335		906		13
Residential mortgage-backed(1)		1,713		87		—		1,800		—
Asset-backed(2)		223		11		8		226		5
Redeemable preferred stock		1,187		46		61		1,172		—
Total Fixed Maturities		30,570		2,917		476		33,011		18
Equity securities		19		1		—		20		—
Total at June 30, 2012	$	30,589	$	2,918	$	476	$	33,031	$	18
December 31, 2011:
Fixed Maturities:
Corporate	$	21,444	$	1,840	$	147	$	23,137	$	—
U.S. Treasury, government and agency		3,598		350		—		3,948		—
States and political subdivisions		478		64		2		540		—
Foreign governments		461		65		1		525		—
Commercial mortgage-backed		1,306		7		411		902		22
Residential mortgage-backed(1)		1,556		90		—		1,646		—
Asset-backed(2)		260		15		11		264		6
Redeemable preferred stock		1,106		38		114		1,030		—
Total Fixed Maturities		30,209		2,469		686		31,992		28
Equity securities		18		1		—		19		—
Total at December 31, 2011	$	30,227	$	2,470	$	686	$	32,011	$	28

⁽¹⁾  Includes publicly traded agency pass-through securities and collateralized mortgage obligations.

⁽²⁾  Includes credit-tranched securities collateralized by sub-prime mortgages and other asset types and credit tenant loans.

⁽³⁾  Amounts represent OTTI losses in AOCI, which were not included in earnings (loss) in accordance with current accounting guidance.

At June 30, 2012 and December 31, 2011, respectively, the Company had trading fixed maturities with an amortized cost of $255 million and $172 million and carrying values of $255 million and $172 million. Gross unrealized gains on trading fixed maturities were $4 million and $4 million and gross unrealized losses were $4 million and $4 million at June 30, 2012 and December 31, 2011, respectively.

13

The contractual maturities of AFS fixed maturities (excluding redeemable preferred stock) at June 30, 2012 are shown in the table below. Bonds not due at a single maturity date have been included in the table in the final year of maturity. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

Available-for-Sale Fixed Maturities

Contractual Maturities at June 30, 2012

	Amortized Cost		Fair Value
	(In Millions)
Due in one year or less	$	2,460	$	2,495
Due in years two through five		7,290		7,861
Due in years six through ten		9,701		10,708
Due after ten years		6,765		7,843
Subtotal		26,216		28,907
Commercial mortgage-backed securities		1,231		906
Residential mortgage-backed securities		1,713		1,800
Asset-backed securities		223		226
Total	$	29,383	$	31,839

The following table shows proceeds from sales, gross gains (losses) from sales and OTTI for AFS fixed maturities during the second quarter and first six months of 2012 and 2011:

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In Millions)
Proceeds from sales	$	28		$	62		$	28		$	273
Gross gains on sales	$	3		$	2		$	3		$	4
Gross losses on sales	$	(9	)	$	—		$	(9	)	$	(6	)
Total OTTI	$	(50	)	$	(23	)	$	(53	)	$	(23	)
Non-credit losses recognized in OCI		1			1			1			1
Credit losses recognized in earnings (loss)	$	(49	)	$	(22	)	$	(52	)	$	(22	)

14

The following table sets forth the amount of credit loss impairments on fixed maturity securities held by the Company at the dates indicated and the corresponding changes in such amounts.

Fixed Maturities - Credit Loss Impairments

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In Millions)
Balances, beginning of period	$	(334	)	$	(306	)	$	(332	)	$	(329	)
Previously recognized impairments on securities that matured, paid, prepaid or sold		14			—			15			23
Recognized impairments on securities impaired to fair value this period(1)		—			—			—			—
Impairments recognized this period on securities not previously impaired		(17	)		(22	)		(20	)		(22	)
Additional impairments this period on securities previously impaired		(32	)		—			(32	)		—
Increases due to passage of time on previously recorded credit losses		—			—			—			—
Accretion of previously recognized impairments due to increases in expected cash flows		—			—			—			—
Balances at June 30,	$	(369	)	$	(328	)	$	(369	)	$	(328	)

⁽¹⁾  Represents circumstances where the Company determined in the current period that it intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of the security’s amortized cost.

Net unrealized investment gains (losses) on fixed maturities and equity securities classified as AFS are included in the consolidated balance sheets as a component of AOCI. The table below presents these amounts as of the dates indicated:

	June 30, 2012			December 31, 2011
	(In Millions)
AFS Securities:
Fixed maturities:
With OTTI loss	$	(14	)	$	(47	)
All other		2,455			1,830
Equity securities		1			1
Net Unrealized Gains (Losses)	$	2,442		$	1,784

15

Changes in net unrealized investment gains (losses) recognized in AOCI include reclassification adjustments to reflect amounts realized in Net earnings (loss) for the current period that had been part of OCI in earlier periods. The tables that follow below present a rollforward of net unrealized investment gains (losses) recognized in AOCI, split between amounts related to fixed maturity securities on which an OTTI loss has been recognized, and all other:

Net Unrealized Gains (Losses) on Fixed Maturities with OTTI Losses

	Net Unrealized Gains (Losses) on Investments			DAC			Policyholders Liabilities			Deferred Income Tax Asset (Liability)			AOCI Gain (Loss) Related to Net Unrealized Investment Gains  (Losses)
	(In Millions)
Balance, April 1, 2012	$	(28	)	$	1		$	4		$	8		$	(15	)
Net investment gains (losses) arising during the period		(17	)		—			—			—			(17	)
Reclassification adjustment for OTTI losses:
Included in Net earnings (loss)		32			—			—			—			32
Excluded from Net earnings (loss)(1)		(1	)		—			—			—			(1	)
Impact of net unrealized investment gains (losses) on:
DAC		—			—			—			—			—
Deferred income taxes		—			—			—			(5	)		(5	)
Policyholders liabilities		—			—			(1	)		—			(1	)
Balance, June 30, 2012	$	(14	)	$	1		$	3		$	3		$	(7	)
Balance, April 1, 2011	$	(10	)	$	2		$	3		$	2		$	(3	)
Net investment gains (losses) arising during the period		2			—			—			—			2
Reclassification adjustment for OTTI losses:
Included in Net earnings (loss)		—			—			—			—			—
Excluded from Net earnings (loss)(1)		(1	)		—			—			—			(1	)
Impact of net unrealized investment gains (losses) on:
DAC		—			(1	)		—			—			(1	)
Deferred income taxes		—			—			—			—			—
Policyholders liabilities		—			—			(1	)		—			(1	)
Balance, June 30, 2011	$	(9	)	$	1		$	2		$	2		$	(4	)

⁽¹⁾  Represents “transfers in” related to the portion of OTTI losses recognized during the period that were not recognized in earnings (loss) for securities with no prior OTTI loss.

16

	Net Unrealized Gains (Losses) on Investments			DAC			Policyholders Liabilities			Deferred Income Tax Asset (Liability)			AOCI Gain (Loss) Related to Net Unrealized Investment Gains (Losses)
	(In Millions)
Balance, January 1, 2012	$	(47	)	$	5		$	6		$	12		$	(24	)
Net investment gains (losses) arising during the period		2			—			—			—			2
Reclassification adjustment for OTTI losses:
Included in Net earnings (loss)		32			—			—			—			32
Excluded from Net earnings (loss)(1)		(1	)		—			—			—			(1	)
Impact of net unrealized investment gains (losses) on:
DAC		—			(4	)		—			—			(4	)
Deferred income taxes		—			—			—			(9	)		(9	)
Policyholders liabilities		—			—			(3	)		—			(3	)
Balance, June 30, 2012	$	(14	)	$	1		$	3		$	3		$	(7	)
Balance, January 1, 2011	$	(16	)	$	3		$	2		$	4		$	(7	)
Net investment gains (losses) arising during the period		8			—			—			—			8
Reclassification adjustment for OTTI losses:
Included in Net earnings (loss)		—			—			—			—			—
Excluded from Net earnings (loss)(1)		(1	)		—			—			—			(1	)
Impact of net unrealized investment gains (losses) on:
DAC		—			(2	)		—			—			(2	)
Deferred income taxes		—			—			—			(2	)		(2	)
Policyholders liabilities		—			—			—			—			—
Balance, June 30, 2011	$	(9	)	$	1		$	2		$	2		$	(4	)

⁽¹⁾  Represents “transfers in” related to the portion of OTTI losses recognized during the period that were not recognized in earnings (loss) for securities with no prior OTTI loss.

17

All Other Net Unrealized Investment Gains (Losses) in AOCI

	Net Unrealized Gains (Losses) on Investments		DAC			Policyholders Liabilities			Deferred Income Tax Asset (Liability)			AOCI Gain (Loss) Related to Net Unrealized Investment Gains (Losses)
	(In Millions)
Balance, April 1, 2012	$	1,789	$	(111	)	$	(380	)	$	(455	)	$	843
Net investment gains (losses) arising during the period		644		—			—			—			644
Reclassification adjustment for OTTI losses:
Included in Net earnings (loss)		22		—			—			—			22
Excluded from Net earnings (loss)(1)		1		—			—			—			1
Impact of net unrealized investment gains (losses) on:
DAC		—		(61	)		—			—			(61	)
Deferred income taxes		—		—			—			(204	)		(204	)
Policyholders liabilities		—		—			(22	)		—			(22	)
Balance, June 30, 2012	$	2,456	$	(172	)	$	(402	)	$	(659	)	$	1,223
Balance, April 1, 2011	$	905	$	(106	)	$	(114	)	$	(240	)	$	445
Net investment gains (losses) arising during the period		251		—			—			—			251
Reclassification adjustment for OTTI losses:
Included in Net earnings (loss)		17		—			—			—			17
Excluded from Net earnings (loss)(1)		1		—			—			—			1
Impact of net unrealized investment gains (losses) on:
DAC		—		(29	)		—			—			(29	)
Deferred income taxes		—		—			—			(68	)		(68	)
Policyholders liabilities		—		—			(46	)		—			(46	)
Balance, June 30, 2011	$	1,174	$	(135	)	$	(160	)	$	(308	)	$	571

⁽¹⁾  Represents “transfers out” related to the portion of OTTI losses during the period that were not recognized in earnings (loss) for securities with no prior OTTI loss.

18

	Net Unrealized Gains (Losses) on Investments		DAC			Policyholders Liabilities			Deferred Income Tax Asset (Liability)			AOCI Gain (Loss) Related to Net Unrealized Investment Gains  (Losses)
	(In Millions)
Balance, January 1, 2012	$	1,831	$	(206	)	$	(385	)	$	(433	)	$	807
Net investment gains (losses) arising during the period		601		—			—			—			601
Reclassification adjustment for OTTI losses:
Included in Net earnings (loss)		23		—			—			—			23
Excluded from Net earnings (loss)(1)		1		—			—			—			1
Impact of net unrealized investment gains (losses) on:
DAC		—		34			—			—			34
Deferred income taxes		—		—			—			(226	)		(226	)
Policyholders liabilities		—		—			(17	)		—			(17	)
Balance, June 30, 2012	$	2,456	$	(172	)	$	(402	)	$	(659	)	$	1,223
Balance, January 1, 2011	$	889	$	(108	)	$	(121	)	$	(232	)	$	428
Net investment gains (losses) arising during the period		267		—			—			—			267
Reclassification adjustment for OTTI losses:
Included in Net earnings (loss)		17		—			—			—			17
Excluded from Net earnings (loss)(1)		1		—			—			—			1
Impact of net unrealized investment gains (losses) on:
DAC		—		(27	)		—			—			(27	)
Deferred income taxes		—		—			—			(76	)		(76	)
Policyholders liabilities		—		—			(39	)		—			(39	)
Balance, June 30, 2011	$	1,174	$	(135	)	$	(160	)	$	(308	)	$	571

⁽¹⁾  Represents “transfers out” related to the portion of OTTI losses during the period that were not recognized in earnings (loss) for securities with no prior OTTI loss.

19

The following tables disclose the fair values and gross unrealized losses of the 358 issues at June 30, 2012 and the 535 issues at December 31, 2011 of fixed maturities that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position for the specified periods at the dates indicated:

	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
	(In Millions)
June 30, 2012:
Fixed Maturities:
Corporate	$	661	$	(23	)	$	486	$	(48	)	$	1,147	$	(71	)
U.S. Treasury, government and agency		—		—			—		—			—		—
States and political subdivisions		—		—			19		(1	)		19		(1	)
Foreign governments		1		—			2		—			3		—
Commercial mortgage-backed		64		(4	)		789		(331	)		853		(335	)
Residential mortgage-backed		131		—			1		—			132		—
Asset-backed		—		—			42		(8	)		42		(8	)
Redeemable preferred stock		16		—			508		(61	)		524		(61	)
Total	$	873	$	(27	)	$	1,847	$	(449	)	$	2,720	$	(476	)
December 31, 2011:
Fixed Maturities:
Corporate	$	1,910	$	(96	)	$	389	$	(51	)	$	2,299	$	(147	)
U.S. Treasury, government and agency		149		—			—		—			149		—
States and political subdivisions		—		—			18		(2	)		18		(2	)
Foreign governments		30		(1	)		5		—			35		(1	)
Commercial mortgage-backed		79		(27	)		781		(384	)		860		(411	)
Residential mortgage-backed		—		—			1		—			1		—
Asset-backed		49		—			44		(11	)		93		(11	)
Redeemable preferred stock		341		(28	)		325		(86	)		666		(114	)
Total	$	2,558	$	(152	)	$	1,563	$	(534	)	$	4,121	$	(686	)

The Company’s investments in fixed maturity securities do not include concentrations of credit risk of any single issuer greater than 10% of the consolidated equity of AXA Equitable, other than securities of the U.S. government, U.S. government agencies, and certain securities guaranteed by the U.S. government. The Company maintains a diversified portfolio of corporate securities across industries and issuers and does not have exposure to any single issuer in excess of 0.3% of total investments. The largest exposures to a single issuer of corporate securities held at June 30, 2012 and December 31, 2011 were $139 million and $139 million, respectively. Corporate high yield securities, consisting primarily of public high yield bonds, are classified as other than investment grade by the various rating agencies, i.e., a rating below Baa3/BBB- or the NAIC designation of 3 (medium grade), 4 or 5 (below investment grade) or 6 (in or near default). At June 30, 2012 and December 31, 2011, respectively, approximately $2,266 million and $2,179 million, or 7.4% and 7.2%, of the $30,570 million and $30,209 million aggregate amortized cost of fixed maturities held by the Company were considered to be other than investment grade. These securities had net unrealized losses of $361 million and $455 million at June 30, 2012 and December 31, 2011, respectively.

The Company does not originate, purchase or warehouse residential mortgages and is not in the mortgage servicing business. The Company’s fixed maturity investment portfolio includes RMBS backed by subprime and Alt-A residential mortgages, comprised of loans made by banks or mortgage lenders to residential borrowers with lower credit ratings. The criteria used to categorize such subprime borrowers include FICO scores, interest rates charged, debt-to-income

20

ratios and loan-to-value ratios. Alt-A residential mortgages are mortgage loans where the risk profile falls between prime and subprime; borrowers typically have clean credit histories but the mortgage loan has an increased risk profile due to higher loan-to-value and debt-to-income ratios and/or inadequate documentation of the borrowers’ income. At June 30, 2012 and December 31, 2011, respectively, the Company owned $20 million and $23 million in RMBS backed by subprime residential mortgage loans and $12 million and $13 million in RMBS backed by Alt-A residential mortgage loans. RMBS backed by subprime and Alt-A residential mortgages are fixed income investments supporting General Account liabilities.

At June 30, 2012, the carrying value of fixed maturities that were non-income producing for the twelve months preceding that date was $14 million.

For the second quarter and first six months of 2012 and 2011, investment income is shown net of investment expenses of $13 million, $26 million, $8 million and $25 million, respectively.

At June 30, 2012 and December 31, 2011, respectively, the amortized cost of the Company’s trading account securities was $1,503 million and $1,014 million with respective fair values of $1,527 million and $982 million. Also at June 30, 2012 and December 31, 2011, respectively, Other equity investments included the General Account’s investment in Separate Accounts which had carrying values of $50 million and $48 million and costs of $50 million and $50 million as well as other equity securities with carrying values of $20 million and $19 million and costs of $19 million and $18 million.

In the second quarter and first six months of 2012 and 2011, respectively, net unrealized and realized holding gains (losses) on trading account equity securities, including earnings (loss) on the General Account’s investment in Separate Accounts, of $(16) million, $32 million, $(5) million and $9 million, respectively, were included in Net investment income (loss) in the consolidated statements of earnings (loss).

Mortgage Loans

Mortgage loans on real estate are placed on nonaccrual status once management believes the collection of accrued interest is doubtful. Once mortgage loans on real estate are classified as nonaccrual loans, interest income is recognized under the cash basis of accounting and the resumption of the interest accrual would commence only after all past due interest has been collected or the mortgage loan on real estate has been restructured to where the collection of interest is considered likely. At June 30, 2012 and December 31, 2011, the carrying values of commercial and agricultural mortgage loans on real estate that had been classified as nonaccrual loans were $0 million and $52 million for commercial and $4 million and $5 million for agricultural, respectively.

Troubled Debt Restructurings

At June 30, 2012, there was one loan considered a Troubled Debt Restructuring (“TDR”). The loan shown in the table below was modified during third quarter 2011. The modification lowered existing interest only payments until October 1, 2013, at which time the loan reverts to an amortizing payment. All interest deferred under the modification is due at maturity on November 5, 2014. Due to the nature of the modification, short-term cash flow relief, the modification has no financial impact. The fair market value of the underlying real estate collateral is the primary factor in determining the allowance for credit losses and as such, modification of loan terms typically has no direct impact on the allowance for credit losses.

Troubled Debt Restructuring - Modifications

	Number of  Loans		Outstanding Recorded Investment
			Pre-Modification		Post-Modification
			(In Millions)
June 30, 2012
Troubled debt restructurings:
Agricultural mortgage loans		—	$	—	$	—
Commercial mortgage loans		1		84		84
Total		1	$	84	$	84

There were no default payments on the above loan during the second quarter and first six months of 2012.

21

Valuation Allowances for Mortgage Loans:

Allowance for credit losses for commercial mortgage loans for the first six months of 2012 and 2011 are as follows:

	2012			2011
Allowance for credit losses:	(In Millions)
Beginning balance, January 1,	$	32		$	18
Charge-offs		(20	)		—
Recoveries		(1	)		—
Provision		23			10
Ending balance, June 30,	$	34		$	28
Ending balance, June 30,:
Individually Evaluated for Impairment	$	34		$	28
Collectively Evaluated for Impairment	$	—		$	—
Loans Acquired with Deteriorated Credit Quality	$	—		$	—

There were no allowances for credit losses for agricultural mortgage loans for the first six months of 2012 and 2011.

22

The values used in these ratio calculations were developed as part of the periodic review of the commercial and agricultural mortgage loan portfolio, which includes an evaluation of the underlying collateral value. The following tables provide information relating to the debt service coverage ratio for commercial and agricultural mortgage loans at June 30, 2012 and December 31, 2011.

Mortgage Loans by Loan-to-Value and Debt Service Coverage Ratios

June 30, 2012

	Debt Service Coverage Ratio
Loan-to-Value Ratio:(2)	Greater than 2.0x		1.8x to     2.0x		1.5x to     1.8x		1.2x to     1.5x		1.0x to     1.2x		Less     than 1.0x		Total Mortgage Loans
	(In Millions)
Commercial Mortgage Loans(1)
0% - 50%	$	151	$	—	$	6	$	1	$	28	$	—	$	186
50% - 70%		452		163		652		412		—		—		1,679
70% - 90%		—		41		187		466		138		15		847
90% plus		—		—		69		195		81		165		510
Total Commercial Mortgage Loans	$	603	$	204	$	914	$	1,074	$	247	$	180	$	3,222
Agricultural Mortgage Loans(1)
0% - 50%	$	159	$	94	$	180	$	249	$	190	$	11	$	883
50% - 70%		94		25		117		179		85		51		551
70% - 90%		—		—		—		1		2		8		11
90% plus		—		—		—		—		—		—		—
Total Agricultural Mortgage Loans	$	253	$	119	$	297	$	429	$	277	$	70	$	1,445
Total Mortgage Loans(1)
0% - 50%	$	310	$	94	$	186	$	250	$	218	$	11	$	1,069
50% - 70%		546		188		769		591		85		51		2,230
70% - 90%		—		41		187		467		140		23		858
90% plus		—		—		69		195		81		165		510
Total Mortgage Loans	$	856	$	323	$	1,211	$	1,503	$	524	$	250	$	4,667

⁽¹⁾  The debt service coverage ratio is calculated using the most recently reported net operating income results from property operations divided by annual debt service.

⁽²⁾  The loan-to-value ratio is derived from current loan balance divided by the fair market value of the property. The fair market value of the underlying commercial properties is updated annually.

23

Mortgage Loans by Loan-to-Value and Debt Service Coverage Ratios

December 31, 2011

	Debt Service Coverage Ratio
Loan-to-Value Ratio:(2)	Greater than 2.0x		1.8x to     2.0x		1.5x to     1.8x		1.2x to     1.5x		1.0x to     1.2x		Less     than 1.0x		Total Mortgage Loans
	(In Millions)
Commercial Mortgage Loans(1)
0% - 50%	$	182	$	—	$	33	$	30	$	31	$	—	$	276
50% - 70%		201		252		447		271		45		—		1,216
70% - 90%		—		41		280		318		213		—		852
90% plus		—		—		84		135		296		117		632
Total Commercial Mortgage Loans	$	383	$	293	$	844	$	754	$	585	$	117	$	2,976
Agricultural Mortgage Loans(1)
0% - 50%	$	150	$	89	$	175	$	247	$	190	$	8	$	859
50% - 70%		68		15		101		158		82		45		469
70% - 90%		—		—		—		1		—		8		9
90% plus		—		—		—		—		—		—		—
Total Agricultural Mortgage Loans	$	218	$	104	$	276	$	406	$	272	$	61	$	1,337
Total Mortgage Loans(1)
0% - 50%	$	332	$	89	$	208	$	277	$	221	$	8	$	1,135
50% - 70%		269		267		548		429		127		45		1,685
70% - 90%		—		41		280		319		213		8		861
90% plus		—		—		84		135		296		117		632
Total Mortgage Loans	$	601	$	397	$	1,120	$	1,160	$	857	$	178	$	4,313

⁽¹⁾  The debt service coverage ratio is calculated using the most recently reported net operating income results from property operations divided by annual debt service.

⁽²⁾  The loan-to-value ratio is derived from current loan balance divided by the fair market value of the property. The fair market value of the underlying commercial properties is updated annually.

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The following table provides information relating to the aging analysis of past due mortgage loans at June 30, 2012 and December 31, 2011, respectively.

Age Analysis of Past Due Mortgage Loans

	30-59     Days		60-89     Days		90 Days     or >		Total		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
	(In Millions)
June 30, 2012
Commercial	$	—	$	—	$	—	$	—	$	3,222	$	3,222	$	—
Agricultural		4		2		13		19		1,426		1,445		—
Total Mortgage Loans	$	4	$	2	$	13	$	19	$	4,648	$	4,667	$	—
December 31, 2011
Commercial	$	61	$	—	$	—	$	61	$	2,915	$	2,976	$	—
Agricultural		5		1		7		13		1,324		1,337		3
Total Mortgage Loans	$	66	$	1	$	7	$	74	$	4,239	$	4,313	$	3

The following table provides information regarding impaired mortgage loans at June 30, 2012 and December 31, 2011, respectively.

Impaired Mortgage Loans

	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment(1)		Interest Income Recognized
	(In Millions)
June 30, 2012:
With no related allowance recorded:
Commercial mortgage loans - other	$	—	$	—	$	—		$	—	$	—
Agricultural mortgage loans		4		4		—			4		—
Total	$	4	$	4	$	—		$	4	$	—
With related allowance recorded:
Commercial mortgage loans - other	$	170	$	170	$	(34	)	$	175	$	2
Agricultural mortgage loans		—		—		—			—		—
Total	$	170	$	170	$	(34	)	$	175	$	2
December 31, 2011:
With no related allowance recorded:
Commercial mortgage loans - other	$	—	$	—	$	—		$	—	$	—
Agricultural mortgage loans		5		5		—			5		—
Total	$	5	$	5	$	—		$	5	$	—
With related allowance recorded:
Commercial mortgage loans - other	$	202	$	202	$	(32	)	$	152	$	8
Agricultural mortgage loans		—		—		—			—		—
Total	$	202	$	202	$	(32	)	$	152	$	8

⁽¹⁾  Represents a five-quarter average of recorded amortized cost.

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Derivatives

The Company has issued and continues to offer certain variable annuity products with GMDB, GMIB, guaranteed withdrawal benefit for life (“GWBL”) and guaranteed income benefits (“GIB”) features. The risk associated with the GMDB feature is that under-performance of the financial markets could result in GMDB benefits, in the event of death, being higher than what accumulated policyholders’ account balances would support. The risk associated with the GMIB/GWBL/GIB feature is that under-performance of the financial markets could result in GMIB/GWBL/GIB benefits being higher than what accumulated policyholders’ account balances would support. The Company uses derivatives for asset/liability risk management primarily to reduce exposures to equity market and interest rate fluctuations. Derivative hedging strategies are designed to reduce these risks from an economic perspective while also considering their impacts on accounting results. Operation of these hedging programs is based on models involving numerous estimates and assumptions, including, among others, mortality, lapse, surrender and withdrawal rates, election rates, market volatility and interest rates.

A wide range of derivative contracts are used in these hedging programs, including exchange traded equity, currency and interest rate futures contracts, total return and/or other equity swaps, interest rate swap and floor contracts, swaptions, variance swaps as well as equity options, that collectively are managed in an effort to reduce the economic impact of unfavorable changes in guaranteed benefits’ exposures attributable to movements in the equity and fixed income markets. For GMDB, GMIB, GWBL and GIB, the Company retains certain risks including basis and some volatility risk and risk associated with actual versus expected assumptions for mortality, lapse and surrender, withdrawal and contractholder election rates, among other things. The derivative contracts are managed to correlate with changes in the value of the GMDB, GMIB, GWBL and GIB features that result from financial markets movements. A portion of exposure to realized interest rate volatility is hedged using swaptions and a portion of exposure to realized equity volatility is hedged using equity options and variance swaps. The Company has purchased reinsurance contracts to mitigate the risks associated with GMDB features and the impact of potential market fluctuations on future policyholder elections of GMIB features contained in certain annuity contracts issued by the Company.

GWBL/GIB features and reinsurance contracts covering GMIB exposure are considered derivatives for accounting purposes and, therefore, are reported in the balance sheet at their fair value. None of the derivatives used in these programs were designated as qualifying hedges under U.S. GAAP accounting guidance for derivatives and hedging. All gains (losses) on derivatives are reported in Net investment income (loss) in the consolidated statements of earnings (loss) except those resulting from changes in the fair values of the embedded derivatives, the GWBL/GIB features are reported in Policyholder’s benefits and the GMIB reinsurance contracts are reported on a separate line in the consolidated statement of earnings, respectively.

In addition to the Company’s existing programs, in first quarter 2012, the Company entered into interest rate swaps related to the Company’s GMDB and GMIB block of business issued prior to 2001 to manage exposure to interest rate fluctuations.

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The table below presents quantitative disclosures about the Company’s derivative instruments, including those embedded in other contracts though required to be accounted for as derivative instruments.

Derivative Instruments by Category

							Gains (Losses)
	At June 30, 2012						Reported In Net
			Fair Value				Earnings (Loss)
	Notional Amount		Asset Derivatives		Liability Derivatives		Six Months Ended June 30, 2012
	(In Millions)
Freestanding derivatives:
Equity contracts:(1)
Futures	$	6,836	$	—	$	4	$	(560	)
Swaps		1,083		9		81		(137	)
Options		2,526		250		151		11
Interest rate contracts:(1)
Floors		2,700		315		—		42
Swaps		16,836		740		469		354
Futures		14,945		—		—		147
Swaptions		9,321		937		—		100
Other freestanding contracts:(1)
Foreign currency contracts		297		—		1		1
Net investment income (loss)								(42	)
Embedded derivatives:
GMIB reinsurance contracts		—		11,381		—		834
GWBL and other features(2)		—		—		334		(43	)
Total, June 30, 2012	$	54,544	$	13,632	$	1,040	$	749

⁽¹⁾  Reported in Other invested assets in the consolidated balance sheets.

⁽²⁾  Reported in Future policy benefits and other policyholders liabilities.

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							Gains (Losses)
	At December 31, 2011						Reported In Net
			Fair Value				Earnings (Loss)
	Notional Amount		Asset Derivatives		Liability Derivatives		Six Months Ended June 30, 2011
	(In Millions)
Freestanding derivatives:
Equity contracts:(1)
Futures	$	6,443	$	—	$	2	$	(282	)
Swaps		784		10		21		(30	)
Options		1,211		92		85		3
Interest rate contracts:(1)
Floors		3,000		327		—		47
Swaps		9,826		503		317		72
Futures		11,983		—		—		6
Swaptions		7,354		1,029		—		93
Other freestanding contracts:(1)
Foreign currency contracts		38		—		—		—
Net investment income (loss)								(91	)
Embedded derivatives:
GMIB reinsurance contracts		—		10,547		—		(239	)
GWBL and other features(2)		—		—		291		32
Total	$	40,639	$	12,508	$	716	$	(298	)

⁽¹⁾  Reported in Other invested assets in the consolidated balance sheets.

⁽²⁾  Reported in Future policy benefits and other policyholders liabilities.

The Company periodically, including during the first six months of 2012, has had in place a hedge program to partially protect against declining interest rates with respect to a part of its projected variable annuity sales.

The Company also uses equity and commodity indexed options to hedge its exposure to equity linked and commodity indexed crediting rates on annuity and life products.

Margins or “spreads” on interest-sensitive life insurance and annuity contracts are affected by interest rate fluctuations as the yield on portfolio investments, primarily fixed maturities, are intended to support required payments under these contracts, including interest rates credited to their policy and contract holders. The Company currently uses swaptions to reduce the risk associated with minimum crediting rate guarantees on these interest-sensitive contracts.

The Company is exposed to equity market fluctuations through investments in Separate Accounts and has entered into derivative contracts specifically to minimize such risk.

In second quarter 2012, the Company entered into futures and total return swaps on equity indices to mitigate the impact on net earnings from Separate Account fee revenue fluctuations due to movements in the equity markets. These positions cover fees expected to be earned through December of the current year from the Company’s Separate Account products.

At June 30, 2012, the Company had open exchange-traded futures positions on the S&P 500, Russell 1000, NASDAQ 100 and Emerging Market indices, having initial margin requirements of $330 million. At June 30, 2012, the Company

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had open exchange-traded futures positions on the 2-year, 5-year, 10-year, 30-year U.S. Treasury Notes and Eurodollars having initial margin requirements of $121 million. At that same date, the Company had open exchange-traded future positions on the Euro Stoxx, FTSE 100, EAFE and Topix indices as well as corresponding currency futures on the Euro/U.S. dollar, Yen/U.S. dollar and Pound/U.S. dollar, having initial margin requirements of $8 million. All exchange-traded futures contracts are net cash settled daily. All outstanding equity-based and treasury futures contracts at June 30, 2012 are exchange-traded and net settled daily in cash.

Although notional amount is the most commonly used measure of volume in the derivatives market, it is not used as a measure of credit risk. Generally, the current credit exposure of the Company’s derivative contracts is limited to the net positive estimated fair value of derivative contracts at the reporting date after taking into consideration the existence of netting agreements and any collateral received pursuant to credit support annexes. A derivative with positive value (a derivative asset) indicates existence of credit risk because the counterparty would owe money to the Company if the contract were closed. Alternatively, a derivative contract with negative value (a derivative liability) indicates the Company would owe money to the counterparty if the contract were closed. However, generally if there is more than one derivative transaction with a single counterparty, a master netting arrangement exists with respect to derivative transactions with that counterparty to provide for net settlement.

The Company may be exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments. The Company controls and minimizes its counterparty exposure through a credit appraisal and approval process. In addition, the Company has executed various collateral arrangements with counterparties to over-the-counter derivative transactions that require both pledging and accepting collateral either in the form of cash or high-quality securities, such as U.S. Treasury securities or those issued by government agencies. At June 30, 2012 and December 31, 2011, respectively, the Company held $1,691 million and $1,438 million in cash and securities collateral delivered by trade counterparties, representing the fair value of the related derivative agreements. This unrestricted cash collateral is reported in Cash and cash equivalents, and the obligation to return it is reported in Other liabilities in the consolidated balance sheets.

Certain of the Company’s standardized contracts for over-the-counter derivative transactions (“ISDA Master Agreements”) contain credit risk related contingent provisions related to its credit rating. In some ISDA Master Agreements, if the credit rating falls below a specified threshold, either a default or a termination event permitting the counterparty to terminate the ISDA Master Agreement would be triggered. In all agreements that provide for collateralization, various levels of collateralization of net liability positions are applicable, depending upon the credit rating of the counterparty. The aggregate fair value of all collateralized derivative transactions that were in a liability position at June 30, 2012 and December 31, 2011, respectively, were $1 million and $4 million, for which the Company held collateral of $29 million and $3 million at June 30, 2012 and December 31, 2011, respectively, in the normal operation of its collateral arrangements. If the investment grade related contingent features had been triggered on June 30, 2012, the Company would not have been required to post material collateral to its counterparties.

4) CLOSED BLOCK

The excess of Closed Block liabilities over Closed Block assets (adjusted to exclude the impact of related amounts in AOCI) represents the expected maximum future post-tax earnings from the Closed Block that would be recognized in income from continuing operations over the period the policies and contracts in the Closed Block remain in force. As of January 1, 2001, AXA Equitable has developed an actuarial calculation of the expected timing of AXA Equitable’s Closed Block’s earnings.

If the actual cumulative earnings from the Closed Block are greater than the expected cumulative earnings, only the expected earnings will be recognized in net income. Actual cumulative earnings in excess of expected cumulative earnings at any point in time are recorded as a policyholder dividend obligation because they will ultimately be paid to Closed Block policyholders as an additional policyholder dividend unless offset by future performance that is less favorable than originally expected. If a policyholder dividend obligation has been previously established and the actual Closed Block earnings in a subsequent period are less than the expected earnings for that period, the policyholder dividend obligation would be reduced (but not below zero). If, over the period the policies and contracts in the Closed Block remain in force, the actual cumulative earnings of the Closed Block are less than the expected cumulative earnings, only actual earnings would be recognized in income from continuing operations. If the Closed Block has insufficient funds to make guaranteed policy benefit payments, such payments will be made from assets outside the Closed Block.

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Many expenses related to Closed Block operations, including amortization of DAC, are charged to operations outside of the Closed Block; accordingly, net revenues of the Closed Block do not represent the actual profitability of the Closed Block operations. Operating costs and expenses outside of the Closed Block are, therefore, disproportionate to the business outside of the Closed Block.

Summarized financial information for the Closed Block follows:

	June 30, 2012		December 31, 2011
	(In Millions)
CLOSED BLOCK LIABILITIES:
Future policy benefits, policyholders’ account balances and other	$	8,045	$	8,121
Policyholder dividend obligation		305		260
Other liabilities		71		86
Total Closed Block liabilities		8,421		8,467
ASSETS DESIGNATED TO THE CLOSED BLOCK:
Fixed maturities, available for sale, at fair value (amortized cost of $5,309 and $5,342)		5,743		5,686
Mortgage loans on real estate		1,184		1,205
Policy loans		1,052		1,061
Cash and other invested assets		56		30
Other assets		122		207
Total assets designated to the Closed Block		8,157		8,189
Excess of Closed Block liabilities over assets designated to the Closed Block		264		278
Amounts included in accumulated other comprehensive income (loss):
Net unrealized investment gains (losses), net of deferred income tax (expense) benefit of $(49) and $(33) and policyholder dividend obligation of $(305) and $(260)		91		62
Maximum Future Earnings To Be Recognized From Closed Block Assets and Liabilities	$	355	$	340

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Closed Block revenues and expenses were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In Millions)
REVENUES:
Premiums and other income	$	79		$	89		$	160		$	181
Net investment income (loss)		105			108			212			218
Net investment gains (losses)		(6	)		(7	)		(10	)		(6	)
Total revenues		178			190			362			393
BENEFITS AND OTHER DEDUCTIONS:
Policyholders’ benefits and dividends		198			195			385			400
Other operating costs and expenses		—			—			—			1
Total benefits and other deductions		198			195			385			401
Net revenues before income taxes		(20	)		(5	)		(23	)		(8	)
Income tax (expense) benefit		7			2			8			3
Net Revenues (Losses)	$	(13	)	$	(3	)	$	(15	)	$	(5	)

Reconciliation of the policyholder dividend obligation follows:

	Six Months Ended June  30,
	2012		2011
	(In Millions)
Balances, beginning of year	$	260	$	119
Unrealized investment gains (losses)		45		39
Balances, End of Period	$	305	$	158

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5) GMDB, GMIB, GWBL AND NO LAPSE GUARANTEE FEATURES

A) Variable Annuity Contracts – GMDB, GMIB and GWBL

The Company has certain variable annuity contracts with GMDB, GMIB and GWBL features in-force that guarantee one of the following:

• Return of Premium: the benefit is the greater of current account value or premiums paid (adjusted for withdrawals);

• Ratchet: the benefit is the greatest of current account value, premiums paid (adjusted for withdrawals), or the highest account value on any anniversary up to contractually specified ages (adjusted for withdrawals);

• Roll-Up: the benefit is the greater of current account value or premiums paid (adjusted for withdrawals) accumulated at contractually specified interest rates up to specified ages;

• Combo: the benefit is the greater of the ratchet benefit or the roll-up benefit, which may include a five year or an annual reset; or

• Withdrawal: the withdrawal is guaranteed up to a maximum amount per year for life.

The following table summarizes the GMDB and GMIB liabilities, before reinsurance ceded, reflected in the General Account in future policy benefits and other policyholders’ liabilities:

	GMDB			GMIB			Total
	(In Millions)
Balance at January 1, 2012	$	1,593		$	4,130		$	5,723
Paid guarantee benefits		(128	)		(38	)		(166	)
Other changes in reserve		174			275			449
Balance at June 30, 2012	$	1,639		$	4,367		$	6,006
Balance at January 1, 2011	$	1,265		$	2,311		$	3,576
Paid guarantee benefits		(87	)		(17	)		(104	)
Other changes in reserve		159			162			321
Balance at June 30, 2011	$	1,337		$	2,456		$	3,793

Related GMDB reinsurance ceded amounts were:

	Six Months Ended June 30,
	2012			2011
	(In Millions)
Balance, beginning of year	$	716		$	533
Paid guarantee benefits		(53	)		(36	)
Other changes in reserve		105			88
Balance, End of Period	$	768		$	585

The GMIB reinsurance contracts are considered derivatives and are reported at fair value.

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The June 30, 2012 values for variable annuity contracts in-force on such date with GMDB and GMIB features are presented in the following table. For contracts with the GMDB feature, the net amount at risk in the event of death is the amount by which the GMDB benefits exceed related account values. For contracts with the GMIB feature, the net amount at risk in the event of annuitization is the amount by which the present value of the GMIB benefits exceeds related account values, taking into account the relationship between current annuity purchase rates and the GMIB guaranteed annuity purchase rates. Since variable annuity contracts with GMDB guarantees may also offer GMIB guarantees in the same contract, the GMDB and GMIB amounts listed are not mutually exclusive:

	Return of Premium			Ratchet			Roll-Up			Combo			Total
	(Dollars In Millions)
GMDB:
Account values invested in:
General Account	$	12,599		$	225		$	108		$	479		$	13,411
Separate Accounts	$	28,970		$	7,157		$	3,718		$	33,505		$	73,350
Net amount at risk, gross	$	1,129		$	1,089		$	2,837		$	14,217		$	19,272
Net amount at risk, net of amounts reinsured	$	1,129		$	672		$	1,925		$	5,827		$	9,553
Average attained age of contractholders		49.3			63.5			69.1			64.3			53.5
Percentage of contractholders over age 70		8.1	%		28.3	%		48.5	%		29.8	%		14.5	%
Range of contractually specified interest rates		N/A			N/A			3% - 6	%		3% - 6.5	%		3% - 6.5	%
GMIB:
Account values invested in:
General Account		N/A			N/A		$	24		$	626		$	650
Separate Accounts		N/A			N/A		$	2,486		$	45,194		$	47,680
Net amount at risk, gross		N/A			N/A		$	2,051		$	10,089		$	12,140
Net amount at risk, net of amounts reinsured		N/A			N/A		$	607		$	2,745		$	3,352
Weighted average years remaining until annuitization		N/A			N/A			0.4			4.9			4.6
Range of contractually specified interest rates		N/A			N/A			3% - 6	%		3% - 6.5	%		3% - 6.5	%

The GWBL, guaranteed minimum withdrawal benefits (“GMWB”), guaranteed minimum accumulation benefits (“GMAB”) and GIB, (collectively “GWBL and other features’ liability”), not included above, was $334 million and $291 million at June 30, 2012 and December 31, 2011, respectively, which are accounted for as embedded derivatives. This liability reflects the present value of expected future payments (benefits) less the fees attributable to these features over a range of market consistent economic scenarios.

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B) Separate Account Investments by Investment Category Underlying GMDB and GMIB Features

The total account values of variable annuity contracts with GMDB and GMIB features include amounts allocated to the guaranteed interest option, which is part of the General Account and variable investment options that invest through Separate Accounts in variable insurance trusts. The following table presents the aggregate fair value of assets, by major investment category, held by Separate Accounts that support variable annuity contracts with GMDB and GMIB benefits and guarantees. The investment performance of the assets impacts the related account values and, consequently, the net amount of risk associated with the GMDB and GMIB benefits and guarantees. Since variable annuity contracts with GMDB benefits and guarantees may also offer GMIB benefits and guarantees in each contract, the GMDB and GMIB amounts listed are not mutually exclusive:

Investment in Variable Insurance Trust Mutual Funds

	June 30, 2012		December 31, 2011
	(In Millions)
GMDB:
Equity	$	49,575	$	46,207
Fixed income		3,783		3,810
Balanced		19,428		19,525
Other		564		652
Total	$	73,350	$	70,194
GMIB:
Equity	$	31,823	$	29,819
Fixed income		2,337		2,344
Balanced		13,234		13,379
Other		286		345
Total	$	47,680	$	45,887

C) Hedging Programs for GMDB and GMIB Features

Beginning in 2003, AXA Equitable established a program intended to hedge certain risks associated first with the GMDB feature and, beginning in 2004, with the GMIB feature of the Accumulator^® series of variable annuity products. The program has also been extended to cover other guaranteed benefits as they have been made available. This program currently utilizes derivative contracts, such as exchange-traded equity, currency, and interest rate futures contracts, total return and/or equity swaps, interest rate swap and floor contracts, swaptions, variance swaps as well as equity options, that collectively are managed in an effort to reduce the economic impact of unfavorable changes in guaranteed benefits’ exposures attributable to movements in the equity and fixed income markets. At the present time, this program hedges certain economic risks on products sold, to the extent such risks are not reinsured. At June 30, 2012, the total account value and net amount at risk of the hedged variable annuity contracts were $37,422 million and $7,657 million, respectively, with the GMDB feature and $20,850 million and $2,755 million, respectively, with the GMIB feature.

These programs do not qualify for hedge accounting treatment. Therefore, gains (losses) on the derivatives contracts used in these programs, including current period changes in fair value, are recognized in net investment income (loss) in the period in which they occur, and may contribute to earnings (loss) volatility.

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D) Variable and Interest-Sensitive Life Insurance Policies - No Lapse Guarantee

The no lapse guarantee feature contained in variable and interest-sensitive life insurance policies keeps them in force in situations where the policy value is not sufficient to cover monthly charges then due. The no lapse guarantee remains in effect so long as the policy meets a contractually specified premium funding test and certain other requirements.

The following table summarizes the no lapse guarantee liabilities reflected in the General Account in Future policy benefits and other policyholders’ liabilities and the related reinsurance ceded:

	Direct Liability		Reinsurance Ceded			Net
	(In Millions)
Balance at January 1, 2012	$	470	$	(262	)	$	208
Other changes in reserves		50		(23	)		27
Balance at June 30, 2012	$	520	$	(285	)	$	235
Balance at January 1, 2011	$	375	$	(231	)	$	144
Other changes in reserves		13		(1	)		12
Balance at June 30, 2011	$	388	$	(232	)	$	156

6) FAIR VALUE DISCLOSURES

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The accounting guidance established a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value, and identifies three levels of inputs that may be used to measure fair value:

Level 1	Unadjusted quoted prices for identical instruments in active markets. Level 1 fair values generally are supported by market transactions that occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
Level 2	Observable inputs other than Level 1 prices, such as quoted prices for similar instruments, quoted prices in markets that are not active, and inputs to model-derived valuations that are directly observable or can be corroborated by observable market data.
Level 3	Unobservable inputs supported by little or no market activity and often requiring significant management judgment or estimation, such as an entity’s own assumptions about the cash flows or other significant components of value that market participants would use in pricing the asset or liability.

The Company defines fair value as the unadjusted quoted market prices for those instruments that are actively traded in financial markets. In cases where quoted market prices are not available, fair values are measured using present value or other valuation techniques. The fair value determinations are made at a specific point in time, based on available market information and judgments about the financial instrument, including estimates of the timing and amount of expected future cash flows and the credit standing of counterparties. Such adjustments do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument, nor do they consider the tax impact of the realization of unrealized gains or losses. In many cases, the fair value cannot be substantiated by direct comparison to independent markets, nor can the disclosed value be realized in immediate settlement of the instrument.

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Management is responsible for the determination of the value of investments carried at fair value and the supporting methodologies and assumptions. Under the terms of various service agreements, the Company often utilizes independent valuation service providers to gather, analyze, and interpret market information and derive fair values based upon relevant methodologies and assumptions for individual securities. These independent valuation service providers typically obtain data about market transactions and other key valuation model inputs from multiple sources and, through the use of widely accepted valuation models, provide a single fair value measurement for individual securities for which a fair value has been requested. As further described below with respect to specific asset classes, these inputs include, but are not limited to, market prices for recent trades and transactions in comparable securities, benchmark yields, interest rate yield curves, credit spreads, quoted prices for similar securities, and other market-observable information, as applicable. Specific attributes of the security being valued also are considered, including its term, interest rate, credit rating, industry sector, and when applicable, collateral quality and other security- or issuer-specific information. When insufficient market observable information is available upon which to measure fair value, the Company either will request brokers knowledgeable about these securities to provide a non-binding quote or will employ widely accepted internal valuation models. Fair values received from independent valuation service providers and brokers and those internally modeled or otherwise estimated are assessed for reasonableness.

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Assets and liabilities measured at fair value on a recurring basis are summarized below. Fair value measurements also are required on a non-recurring basis for certain assets, including goodwill, mortgage loans on real estate, equity real estate held for production of income, and equity real estate held for sale, only when an OTTI or other event occurs. When such fair value measurements are recorded, they must be classified and disclosed within the fair value hierarchy. At June 30, 2012 and December 31, 2011, no assets were required to be measured at fair value on a non-recurring basis.

Fair Value Measurements at June 30, 2012

	Level 1			Level 2		Level 3		Total
	(In Millions)
Assets:
Investments:
Fixed maturities, available-for-sale:
Corporate	$	7		$	22,329	$	383	$	22,719
U.S. Treasury, government and agency		—			5,140		—		5,140
States and political subdivisions		—			474		52		526
Foreign governments		—			522		—		522
Commercial mortgage-backed		—			—		906		906
Residential mortgage-backed(1)		—			1,789		11		1,800
Asset-backed(2)		—			87		139		226
Redeemable preferred stock		290			867		15		1,172
Subtotal		297			31,208		1,506		33,011
Other equity investments		65			8		58		131
Trading securities		471			1,056		—		1,527
Other invested assets:
Short-term investments		—			134		—		134
Swaps		—			199		—		199
Futures		(4	)		—		—		(4	)
Options		—			99		—		99
Floors		—			315		—		315
Swaptions		—			937		—		937
Subtotal		(4	)		1,684		—		1,680
Cash equivalents		2,926			—		—		2,926
Segregated securities		—			1,155		—		1,155
GMIB reinsurance contracts		—			—		11,381		11,381
Separate Accounts’ assets		87,175			2,588		222		89,985
Total Assets	$	90,930		$	37,699	$	13,167	$	141,796
Liabilities
GWBL and other features’ liability	$	—		$	—	$	334	$	334
Total Liabilities	$	—		$	—	$	334	$	334

⁽¹⁾  Includes publicly traded agency pass-through securities and collateralized obligations.

⁽²⁾  Includes credit-tranched securities collateralized by sub-prime mortgages and other asset types and credit tenant loans.

37

Fair Value Measurements at December 31, 2011

	Level 1			Level 2		Level 3			Total
	(In Millions)
Assets:
Investments:
Fixed maturities, available-for-sale:
Corporate	$	7		$	22,698	$	432		$	23,137
U.S. Treasury, government and agency		—			3,948		—			3,948
States and political subdivisions		—			487		53			540
Foreign governments		—			503		22			525
Commercial mortgage-backed		—			—		902			902
Residential mortgage-backed(1)		—			1,632		14			1,646
Asset-backed(2)		—			92		172			264
Redeemable preferred stock		203			813		14			1,030
Subtotal		210			30,173		1,609			31,992
Other equity investments		66			—		77			143
Trading securities		457			525		—			982
Other invested assets:
Short-term investments		—			132		—			132
Swaps		—			177		(2	)		175
Futures		(2	)		—		—			(2	)
Options		—			7		—			7
Floors		—			327		—			327
Swaptions		—			1,029		—			1,029
Subtotal		(2	)		1,672		(2	)		1,668
Cash equivalents		2,475			—		—			2,475
Segregated securities		—			1,280		—			1,280
GMIB reinsurance contracts		—			—		10,547			10,547
Separate Accounts’ assets		83,672			2,532		215			86,419
Total Assets	$	86,878		$	36,182	$	12,446		$	135,506
Liabilities:
GWBL and other features’ liability	$	—		$	—	$	291		$	291
Total Liabilities	$	—		$	—	$	291		$	291

⁽¹⁾  Includes publicly traded agency pass-through securities and collateralized obligations.

⁽²⁾  Includes credit-tranched securities collateralized by sub-prime mortgages and other asset types and credit tenant loans.

At June 30, 2012 and December 31, 2011, respectively, the fair value of public fixed maturities is approximately $25,330 million and $24,534 million or approximately 19.6% and 19.8% of the Company’s total assets measured at fair value on a recurring basis (excluding GMIB reinsurance contracts and Segregated securities measured at fair value on a recurring basis). The fair values of the Company’s public fixed maturity securities are generally based on prices obtained from independent valuation service providers and for which the Company maintains a vendor hierarchy by asset type based on historical pricing experience and vendor expertise. Although each security generally is priced by multiple independent valuation service providers, the Company ultimately uses the price received from the independent valuation service provider highest in the vendor hierarchy based on the respective asset type, with limited exception. To validate reasonableness, prices also are internally reviewed by those with relevant expertise through comparison with directly observed recent market trades. Consistent with the fair value hierarchy, public fixed maturity securities validated in this manner generally are reflected within Level 2, as they are primarily based on observable pricing for similar assets and/or other market observable inputs. If the pricing information received from independent valuation

38

service providers is not reflective of market activity or other inputs observable in the market, the Company may challenge the price through a formal process in accordance with the terms of the respective independent valuation service provider agreement. If as a result it is determined that the independent valuation service provider is able to reprice the security in a manner agreed as more consistent with current market observations, the security remains within Level 2. Alternatively, a Level 3 classification may result if the pricing information then is sourced from another vendor, non-binding broker quotes, or internally-developed valuations for which the Company’s own assumptions about market-participant inputs would be used in pricing the security.

At June 30, 2012 and December 31, 2011, respectively, the fair value of private fixed maturities is approximately $7,681 million and $7,459 million or approximately 5.9% and 6.0% of the Company’s total assets measured at fair value on a recurring basis. The fair values of the Company’s private fixed maturities, which primarily are comprised of investments in private placement securities generally are determined using a discounted cash flow model. In certain cases, these models use observable inputs with a discount rate based upon the average of spread surveys collected from private market intermediaries who are active in both primary and secondary transactions, taking into account, among other factors, the credit quality and industry sector of the issuer and the reduced liquidity associated with private placements. Generally, these securities have been reflected within Level 2. For certain private fixed maturities, the discounted cash flow model may also incorporate unobservable inputs, which reflect the Company’s own assumptions about the inputs market participants would use in pricing the asset. To the extent management determines that such unobservable inputs are significant to the fair value measurement of a security, a Level 3 classification generally is made.

As disclosed in Note 3, at June 30, 2012 and December 31, 2011, respectively, the net fair value of freestanding derivative positions is approximately $1,545 million and $1,536 million or approximately 68.2% and 65.6% of Other invested assets measured at fair value on a recurring basis. The fair values of the Company’s derivative positions are generally based on prices obtained either from independent valuation service providers or derived by applying market inputs from recognized vendors into industry standard pricing models. The majority of these derivative contracts are traded in the OTC derivative market and are classified in Level 2. The fair values of derivative assets and liabilities traded in the OTC market are determined using quantitative models that require use of the contractual terms of the derivative instruments and multiple market inputs, including interest rates, prices, and indices to generate continuous yield or pricing curves and volatility factors, which then are applied to value the positions. The predominance of market inputs is actively quoted and can be validated through external sources or reliably interpolated if less observable. If the pricing information received from independent valuation service providers is not reflective of market activity or other inputs observable in the market, the Company may challenge the price through a formal process in accordance with the terms of the respective independent valuation service provider agreement. If as a result it is determined that the independent valuation service provider is able to reprice the derivative instrument in a manner agreed as more consistent with current market observations, the position remains within Level 2.

The credit risk of the counterparty and of the Company are considered in determining the fair values of all OTC derivative asset and liability positions, respectively, after taking into account the effects of master netting agreements and collateral arrangements. Each reporting period, the Company values its derivative positions using the standard swap curve and evaluates whether to adjust the embedded credit spread to reflect changes in counterparty or its own credit standing. As a result, the Company reduced the fair value of its OTC derivative asset exposures by $5 million at June 30, 2012 to recognize incremental counterparty non-performance risk. The unadjusted swap curve was determined to be reflective of the non-performance risk of the Company for purpose of determining the fair value of its OTC liability positions at June 30, 2012.

At June 30, 2012 and December 31, 2011, respectively, investments classified as Level 1 comprise approximately 70.3% and 70.2% of assets measured at fair value on a recurring basis and primarily include redeemable preferred stock, trading securities, cash equivalents and Separate Accounts assets. Fair value measurements classified as Level 1 include exchange-traded prices of fixed maturities, equity securities and derivative contracts, and net asset values for transacting subscriptions and redemptions of mutual fund shares held by Separate Accounts. Cash equivalents classified as Level 1 include money market accounts, overnight commercial paper and highly liquid debt instruments purchased with an original maturity of three months or less, and are carried at cost as a proxy for fair value measurement due to their short-term nature.

At June 30, 2012 and December 31, 2011, respectively, investments classified as Level 2 comprise approximately 28.3% and 28.2% of assets measured at fair value on a recurring basis and primarily include U.S. government and agency securities and certain corporate debt securities, such as public and private fixed maturities. As market quotes generally are not readily available or accessible for these securities, their fair value measures are determined utilizing

39

relevant information generated by market transactions involving comparable securities and often are based on model pricing techniques that effectively discount prospective cash flows to present value using appropriate sector-adjusted credit spreads commensurate with the security’s duration, also taking into consideration issuer-specific credit quality and liquidity. Segregated securities classified as Level 2 are U.S. Treasury Bills segregated by AllianceBernstein in a special reserve bank custody account for the exclusive benefit of brokerage customers, as required by Rule 15c3-3 of the Exchange Act and for which fair values are based on quoted yields in secondary markets.

Observable inputs generally used to measure the fair value of securities classified as Level 2 include benchmark yields, reported secondary trades, issuer spreads, benchmark securities and other reference data. Additional observable inputs are used when available, and as may be appropriate, for certain security types, such as prepayment, default, and collateral information for the purpose of measuring the fair value of mortgage- and asset-backed securities. At June 30, 2012 and December 31, 2011, respectively, approximately $1,847 million and $1,718 million of AAA-rated mortgage- and asset-backed securities are classified as Level 2 for which the observability of market inputs to their pricing models is supported by sufficient, albeit more recently contracted, market activity in these sectors.

At June 30, 2012 and December 31, 2011, respectively, investments classified as Level 3 comprise approximately 1.4% and 1.6% of assets measured at fair value on a recurring basis and primarily include corporate debt securities, such as private fixed maturities. Determinations to classify fair value measures within Level 3 of the valuation hierarchy generally are based upon the significance of the unobservable factors to the overall fair value measurement. Included in the Level 3 classification at June 30, 2012 and December 31, 2011, respectively, were approximately $227 million and $347 million of fixed maturities with indicative pricing obtained from brokers that otherwise could not be corroborated to market observable data. The Company applies various due-diligence procedures, as considered appropriate, to validate these non-binding broker quotes for reasonableness, based on its understanding of the markets, including use of internally-developed assumptions about inputs a market participant would use to price the security. In addition, approximately $1,056 million and $1,082 million of mortgage- and asset-backed securities, including CMBS, are classified as Level 3 at June 30, 2012 and December 31, 2011, respectively. At June 30, 2012, the Company continued to apply a risk-adjusted present value technique to estimate the fair value of CMBS securities below the senior AAA tranche due to ongoing insufficient frequency and volume of observable trading activity in these securities. In applying this valuation methodology, the Company adjusted the projected cash flows of these securities for origination year, default metrics, and level of subordination, with the objective of maximizing observable inputs, and weighted the result with a 10% attribution to pricing sourced from a third party service whose process placed significant reliance on market trading activity.

The Company also issues certain benefits on its variable annuity products that are accounted for as derivatives and are also considered Level 3. The GMWB feature allows the policyholder to withdraw at minimum, over the life of the contract, an amount based on the contract’s benefit base. The GWBL feature allows the policyholder to withdraw, each year for the life of the contract, a specified annual percentage of an amount based on the contract’s benefit base. The GMAB feature increases the contract account value at the end of a specified period to a GMAB base. The GIB feature provides a lifetime annuity based on predetermined annuity purchase rates if and when the contract account value is depleted. This lifetime annuity is based on predetermined annuity purchase rates applied to a GIB base.

Level 3 also includes the GMIB reinsurance contract asset which is accounted for as derivative contracts. The GMIB reinsurance contract asset’s fair value reflects the present value of reinsurance premiums and recoveries and risk margins over a range of market consistent economic scenarios while the GWBL related liability reflects the present value of expected future payments (benefits) less fees, adjusted for risk margins, attributable to the GWBL feature over a range of market-consistent economic scenarios. The valuations of both the GMIB reinsurance contract asset and GWBL features’ liability incorporate significant non-observable assumptions related to policyholder behavior, risk margins and projections of equity Separate Account funds consistent with the S&P 500 Index. The credit risks of the counterparty and of the Company are considered in determining the fair values of its GMIB reinsurance contract asset and GWBL and other features’ liability positions, respectively, after taking into account the effects of collateral arrangements. Incremental adjustment to the swap curve, adjusted for non-performance risk, is made to the resulting fair values of the GMIB reinsurance contract asset to reflect change in the claims-paying ratings of counterparties to the reinsurance treaties. After giving consideration to collateral arrangements, the Company reduced the fair value of its GMIB reinsurance contract asset by $868 million and $688 million at June 30, 2012 and December 31, 2011, respectively, to recognize incremental counterparty non-performance risk. The unadjusted swap curve was determined to be reflective of the AA quality claims-paying rating of AXA Equitable, therefore, no incremental adjustment was made for non-performance risk for purpose of determining the fair value of the GWBL and other features’ liability embedded derivative at June 30, 2012. Equity and fixed income volatilities are combined, with weighting based on the current fund distribution, to produce an overall volatility assumption. Scenarios are developed that value an at the money option at a price consistent with the overall volatility.

40

In the first six months of 2012, AFS fixed maturities with fair values of $99 million were transferred out of Level 3 and into Level 2, principally due to the availability of trading activity and/or market observable inputs to measure and validate their fair values. In addition, AFS fixed maturities with fair value of $7 million were transferred from Level 2 into the Level 3 classification. These transfers in the aggregate represent approximately 0.7% of total equity at June 30, 2012. In the first quarter of 2012, one of the Company’s private securities went public and as a result, $14 million was transferred from a Level 3 classification to a Level 2 classification.

In the first six months of 2011, AFS fixed maturities with fair values of $48 million were transferred out of Level 3 and into Level 2 principally due to the availability of trading activity and/or market observable inputs to measure and validate their fair values. In addition, AFS fixed maturities with fair value of $14 million were transferred from Level 2 into the Level 3 classification. These transfers in the aggregate represent approximately 0.4% of total equity at June 30, 2011. In the second quarter of 2011, $21 million was transferred from a Level 2 classification to a Level 1 classification due to the lapse of the trading restriction period for one of the Company’s public securities.

41

The table below presents a reconciliation for all Level 3 assets and liabilities for the second quarter and first six months of 2012 and 2011, respectively:

Level 3 Instruments

Fair Value Measurements

				State and
				Political					Commercial			Residential
				Sub-		Foreign			Mortgage-			Mortgage-			Asset-
	Corporate			divisions		Govts			backed			backed			backed
	(In Millions)
Balance, April 1, 2012	$	394		$	52	$	20		$	933		$	12		$	165
Total gains (losses), realized and unrealized, included in:
Earnings (loss) as:
Net investment income (loss)		—			—		—			—			—			—
Investment gains (losses), net		—			—		—			(51	)		—			—
Subtotal		—			—		—			(51	)		—			—
Other comprehensive income (loss)		(2	)		—		—			41			—			(1	)
Purchases		25			—		—			—			—			—
Issues		—			—		—			—			—			—
Sales		(21	)		—		—			(17	)		(1	)		(7	)
Settlements		—			—		—			—			—			—
Transfers into Level 3(1)		5			—		—			—			—			—
Transfers out of Level 3(1)		(18	)		—		(20	)		—			—			(18	)
Balance, June 30, 2012	$	383		$	52	$	—		$	906		$	11		$	139
Balance, April 1, 2011	$	355		$	48	$	21		$	1,107		$	—		$	125
Total gains (losses), realized and unrealized, included in:
Earnings (loss) as:
Net investment income (loss)		1			—		—			—			—			—
Investment gains (losses), net		—			—		—			(21	)		—			—
Subtotal		1			—		—			(21	)		—			—
Other comprehensive income (loss)		2			1		—			(6	)		—			—
Purchases		100			—		—			—			—			—
Issues		—			—		—			—			—			—
Sales		(6	)		—		—			(76	)		—			(9	)
Settlements		—			—		—			—			—			—
Transfers into Level 3(1)		2			—		—			—			—			—
Transfers out of Level 3(1)		(48	)		—		—			—			—			—
Balance, June 30, 2011	$	406		$	49	$	21		$	1,004		$	—		$	116

⁽¹⁾  Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values.

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				State and
				Political						Commercial			Residential
				Sub-			Foreign			Mortgage-			Mortgage-			Asset-
	Corporate			divisions			Govts			backed			backed			backed
	(In Millions)
Balance, January 1, 2012	$	432		$	53		$	22		$	902		$	14		$	172
Total gains (losses), realized and unrealized, included in:
Earnings (loss) as:
Net investment income (loss)		—			—			—			1			—			—
Investment gains (losses), net		—			—			—			(54	)		—			—
Increase (decrease) in the fair value of the reinsurance contracts		—			—			—			—			—			—
Subtotal		—			—			—			(53	)		—			—
Other comprehensive income (loss)		1			—			—			78			—			—
Purchases		25			—			—			—			—			—
Issues		—			—			—			—			—			—
Sales		(25	)		(1	)		—			(21	)		(3	)		(13	)
Settlements		—			—			—			—			—			—
Transfers into Level 3(1)		7			—			—			—			—			—
Transfers out of Level 3(1)		(57	)		—			(22	)		—			—			(20	)
Balance, June 30, 2012	$	383		$	52		$	—		$	906		$	11		$	139
Balance, January 1, 2011	$	320		$	49		$	21		$	1,103		$	—		$	148
Total gains (losses), realized and unrealized, included in:
Earnings (loss) as:
Net investment income (loss)		2			—			—			1			—			—
Investment gains (losses), net		—			—			—			(20	)		—			1
Increase (decrease) in the fair value of the reinsurance contracts		—			—			—			—			—			—
Subtotal		2			—			—			(19	)		—			1
Other comprehensive income (loss)		(2	)		—			—			55			—			2
Purchases		111			—			—			—			—			—
Issues		—			—			—			—			—			—
Sales		(10	)		—			—			(135	)		—			(16	)
Settlements		—			—			—			—			—			—
Transfers into Level 3(1)		14			—			—			—			—			—
Transfers out of Level 3(1)		(29	)		—			—			—			—			(19	)
Balance, June 30, 2011	$	406		$	49		$	21		$	1,004		$	—		$	116

⁽¹⁾  Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values.

43

	Redeemable			Other			Other			GMIB			Separate			GWBL and Other
	Preferred			Equity			Invested			Reinsurance			Accounts			Features
	Stock			Investments(1)			Assets			Asset			Assets			Liability
	(In Millions)
Balance, April 1, 2012	$	14		$	59		$	(59	)	$	8,704		$	221		$	193
Total gains (losses), realized and unrealized, included in:
Earnings (loss) as:
Net investment income (loss)		—			—			—			—			1			—
Investment gains (losses), net		—			—			—			—			—			—
Increase (decrease) in the fair value of the reinsurance contract asset		—			—			—			2,631			—			—
Policyholders benefits		—			—			—			—			—			129
Subtotal		—			—			—			2,631			1			129
Other comprehensive income (loss)		1			(1	)		—			—			—			—
Purchases		—			—			—			60			6			12
Issues		—			—			—			—			—			—
Sales		—			—			—			(14	)		(4	)		—
Settlements		—			—			—			—			(1	)		—
Transfers into Level 3(2)		—			—			—			—			—			—
Transfers out of Level 3(2)		—			—			59			—			(1	)		—
Balance, June 30, 2012	$	15		$	58		$	—		$	11,381		$	222		$	334
Balance, April 1, 2011	$	3		$	73		$	—		$	3,673		$	212		$	17
Total gains (losses), realized and unrealized, included in:
Earnings (loss) as:
Net investment income (loss)		—			—			—			—			—			—
Investment gains (losses), net		—			—			—			—			3			—
Increase (decrease) in the fair value of the reinsurance contract asset		—			—			—			641			—			—
Policyholders benefits		—			—			—			—			—			40
Subtotal		—			—			—			641			3			40
Other comprehensive income (loss)		(1	)		(1	)		—			—			—			—
Purchases		—			—			—			59			7			5
Issues		—			—			—			—			—			—
Sales		—			—			—			(6	)		(1	)		—
Settlements		—			—			—			—			—			—
Transfers into Level 3(2)		—			—			—			—			(1	)		—
Transfers out of Level 3(2)		—			—			—			—			—			—
Balance, June 30, 2011	$	2		$	72		$	—		$	4,367		$	220		$	62

⁽¹⁾  Includes Trading securities’ Level 3 amount.

⁽²⁾  Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values.

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	Redeemable Preferred Stock		Other Equity Investments(1)			Other Invested Assets			GMIB Reinsurance Asset			Separate Accounts Assets			GWBL and Other Features Liability
	(In Millions)
Balance, January 1, 2012	$	14	$	77		$	(2	)	$	10,547		$	215		$	291
Total gains (losses), realized and unrealized, included in:
Earnings (loss) as:
Net investment income (loss)		—		—			—			—			4			—
Investment gains (losses), net		—		—			—			—			—			—
Increase (decrease) in the fair value of the reinsurance contracts		—		—			—			743			—			—
Policyholders benefits		—		—			—			—			—			25
Subtotal		—		—			—			743			4			25
Other comprehensive income (loss)		1		(19	)		—			—			—			—
Purchases		—		—			—			121			7			18
Issues		—		—			—			—			—			—
Sales		—		—			—			(30	)		(2	)		—
Settlements		—		—			—			—			(2	)		—
Transfers into Level 3(2)		—		—			—			—			—			—
Transfers out of Level 3(2)		—		—			2			—			—			—
Balance, June 30, 2012	$	15	$	58		$	—		$	11,381		$	222		$	334
Balance, January 1, 2011	$	2	$	73		$	—		$	4,606		$	207		$	94
Total gains (losses), realized and unrealized, included in:
Earnings (loss) as:
Net investment income (loss)		—		—			—			—			—			—
Investment gains (losses), net		—		—			—			—			8			—
Increase (decrease) in the fair value of the reinsurance contracts		—		—			—			(343	)		—			—
Policyholders benefits		—		—			—			—			—			(42	)
Subtotal		—		—			—			(343	)		8			(42	)
Other comprehensive income (loss)		—		(1	)		—			—			—			—
Purchases		—		—			—			118			7			10
Issues		—		—			—			—			—			—
Sales		—		—			—			(14	)		(1	)		—
Settlements		—		—			—			—			—			—
Transfers into Level 3(2)		—		—			—			—			(1	)		—
Transfers out of Level 3(2)		—		—			—			—			—			—
Balance, June 30, 2011	$	2	$	72		$	—		$	4,367		$	220		$	62

⁽¹⁾  Includes Trading securities’ Level 3 amount.

⁽²⁾  Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values.

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The table below details changes in unrealized gains (losses) for the second quarter and first six months of 2012 and 2011 by category for Level 3 assets and liabilities still held at June 30, 2012 and 2011, respectively:

	Earnings (Loss)
					Increase
	Net				(Decrease) in the
	Investment		Investment		Fair Value of the					Policy-
	Income		Gains		Reinsurance					holders’
	(Loss)		(Losses), Net		Contract Asset		OCI			Benefits
	(In Millions)
Level 3 Instruments
Second Quarter 2012
Held at June 30, 2012:(1)
Change in unrealized gains (losses):
Fixed maturities, available-for-sale:
Corporate	$	—	$	—	$	—	$	(2	)	$	—
Commercial mortgage-backed		—		—		—		40			—
Asset-backed		—		—		—		(1	)		—
Other fixed maturities, available-for-sale		—		—		—		—			—
Subtotal	$	—	$	—	$	—	$	37		$	—
Other equity investments		—		—		—		(1	)		—
GMIB reinsurance contracts		—		—		2,677		—			—
Separate Accounts’ assets		—		1		—		—			—
GWBL and other features’ liability		—		—		—		—			(141	)
Total	$	—	$	1	$	2,677	$	36		$	(141	)
Level 3 Instruments
Second Quarter 2011
Held at June 30, 2011:(1)
Change in unrealized gains (losses):
Fixed maturities, available-for-sale:
Corporate	$	—	$	—	$	—	$	2		$	—
Commercial mortgage-backed		—		—		—		(7	)		—
Other fixed maturities, available-for-sale		—		—		—		—			—
Subtotal	$	—	$	—	$	—	$	(5	)	$	—
Other equity investments		—		—		—		—			—
GMIB reinsurance contracts		—		—		694		—			—
Separate Accounts’ assets		—		3		—		—			—
GWBL and other features’ liability		—		—		—		—			(45	)
Total	$	—	$	3	$	694	$	(5	)	$	(45	)

⁽¹⁾  There were no Equity securities classified as AFS, Other invested assets, Cash equivalents or Segregated securities at June 30, 2012 and 2011.

46

	Earnings (Loss)
	Net   Investment   Income (Loss)		Investment   Gains (Losses), Net		Increase (Decrease) in Fair  Value of Reinsurance Contracts			OCI			Policy- holders’   Benefits
	(In Millions)
Level 3 Instruments
First Six Months of 2012
Held at June 30, 2012:(1)
Change in unrealized gains (losses):
Fixed maturities, available-for-sale:
Corporate	$	—	$	—	$	—		$	1		$	—
Commercial mortgage-backed		—		—		—			78			—
Asset-backed		—		—		—			—			—
Other fixed maturities, available-for-sale		—		—		—			—			—
Subtotal	$	—	$	—	$	—		$	79		$	—
Other equity investments		—		—		—			(19	)		—
GMIB reinsurance contracts		—		—		834			—			—
Separate Accounts’ assets		—		3		—			—			—
GWBL and other features’ liability		—		—		—			—			(43	)
Total	$	—	$	3	$	834		$	60		$	(43	)
Level 3 Instruments
First Six Months of 2011
Held at June 30, 2011:(1)
Change in unrealized gains (losses):
Fixed maturities, available-for-sale:
Corporate	$	—	$	—	$	—		$	(1	)	$	—
Commercial mortgage-backed		—		—		—			49			—
Asset-backed		—		—		—			2			—
Other fixed maturities, available-for-sale		—		—		—			—			—
Subtotal	$	—	$	—	$	—		$	50		$	—
Other equity investments		—		—		—			—			—
GMIB reinsurance contracts		—		—		(239	)		—			—
Separate Accounts’ assets		—		8		—			—			—
GWBL and other features’ liability		—		—		—			—			32
Total	$	—	$	8	$	(239	)	$	50		$	32

⁽¹⁾  There were no Equity securities classified as AFS, Other invested assets, Cash equivalents or Segregated securities at June 30, 2012 and 2011.

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The following table discloses quantitative information about Level 3 fair value measurements by category for assets and liabilities as of June 30, 2012.

Quantitative Information about Level 3 Fair Value Measurements

June 30, 2012

	Fair		Valuation	Significant
	Value		Technique	Unobservable Input	Range
	(In Millions)
Assets:
Investments:
Fixed maturities, available-for-sale:
Corporate	$	383	Discounted Cash flow	Bond equivalent yield	10.7%
				Spread over industry yield curve	909 bps
			Matrix Pricing Model	Spread over industry yield curve	0.0% - 6.5%
			Consensus pricing	Offered quotes	$54 - $119
States and political subdivisions		52	Consensus pricing	Offered quotes	$119
Commercial mortgage-backed		906	Discounted Cash flow	Constant default rate	3.0% - 25.0%
				Probability of default	55.0%
				Loss severity	49.0%
				Discount rate	4.0% - 15.0%
			Consensus pricing	Offered quotes	$102
Residential mortgage-backed		11	Discounted Cash flow	Constant prepayment rate	415% PSA(1)
			Matrix pricing model	Spread over U.S. Treasury curve	0.46%
Asset-backed		139	Discounted Cash flow	Constant prepayment rate	0.5% - 14.3%
				Probability of default	0.0% - 30.0%
				Loss severity	0.0% - 99.0%
				Spread over U.S. Treasury curve	255 bps - 793 bps
			Matrix pricing model	Spread over U.S. Treasury curve	0.0% - 6.9%
			Consensus pricing	Offered quotes	$18 - $109
Redeemable preferred stock		15	Discounted Cash flow	Bond equivalent yield	8.6%
Other equity investments		58	Market comparable	Revenue multiple	0.6x - 84.1x
			companies	R&D multiple	1.3x - 15.2x
				Discount rate	18.0%
				Discount years	1 - 2
				Discount for lack of marketability and risk factors	50.0% - 60.0%
Separate Accounts’ assets		222	Third party appraisal	Capitalization rate	5.4%
				Exit capitalization rate	6.6%
				Discount rate	7.7%
			Discounted cash flow	Spread over U.S. Treasury curve	296 bps - 390 bps
				Inflation rate	2.0% - 3.0%
				Discount factor	1.0% - 3.0%

⁽¹⁾  Public Securities Association standard model for mortgage loan prepayments (“PSA”)

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Quantitative Information about Level 3 Fair Value Measurements - (Continued)

June 30, 2012

	Fair		Valuation	Significant
	Value		Technique	Unobservable Input	Range
	(In Millions)
GMIB reinsurance contracts		11,381	Discounted Cash flow	Lapse Rates	0.9% - 8.0%
				Withdrawal Rates	0.2% - 8.0%
				GMIB Utilization Rates	0.0% - 15.0%
				Non-performance risk	20 - 84 bps
				Volatility rates - Equity	26.0%- 38.0%
Total Assets	$	13,167
Liabilities:
GMWB/GWBL(2)	$	227	Discounted Cash flow	Lapse Rates	1.0% - 8.0%
				Withdrawal Rates	0.0% - 7.0%
				Volatility rates - Equity	26.0% - 38.0%
Total Liabilities	$	227

⁽²⁾  Excludes GMAB and GIB liabilities.

Corporate fixed maturities with fair value measures classified as Level 3 consist of privately placed debt instruments for which there is limited trading activity. Approximately 70.0% of the total fair value of these Level 3 securities at June 30, 2012 are consensus priced from non-binding broker quotes and subject to internal validation. Fair values for the remaining Level 3 corporate fixed maturities are determined using either a discounted cash flow model or a matrix pricing model, the latter requiring interpolation. Significant unobservable inputs to these models are bond equivalent yields for similar securities and/or spreads over the industry-specific yield curve. Generally, an increase in spreads or a decrease in yields would lead to directionally inverse movement in the fair value measurement of these securities.

Debt securities of state and political subdivisions classified as Level 3 consist of 1 issue for which fair value is determined by consensus pricing. Sources for offered quotes generally include the lead broker(s) and trading brokers, however, limited market activity in these securities may reduce the number of available broker quotations. Consensus prices are internally reviewed by those with relevant expertise and, as a result, may be adjusted to derive a fair value measurement for these securities; no such adjustments were made at June 30, 2012.

Commercial mortgage-backed securities classified as Level 3 consist of holdings subordinate to the AAA-tranche position and for which the Company applies a discounted cash flow methodology to measure fair value. The process for determining fair value first adjusts the contractual principal and interest payments to reflect performance expectations and then discounts the securities’ cash flows to reflect an appropriate risk-adjusted return. The significant unobservable inputs used in these fair value measurements are default rate and probability, loss severity, and the discount rate. An increase either in the cumulative default rate, probability of default, or loss severity would result in a decrease in the fair value of these securities; generally, those assumptions would change in directionally similar manner. A decrease in the discount rate would result in a directionally inverse movement in the fair value measurement of these securities. Approximately 1.0% of the total fair value of these Level 3 securities at June 30, 2012 is consensus priced from non-binding broker quotes and subject to internal validation.

Residential mortgage-backed securities classified as Level 3 primarily consist of non-agency paper with low trading activity. Approximately 89.0% of the total fair value of these Level 3 securities at June 30, 2012 is determined using a discounted cash flow model and for which assumed prepayment experience is the most significant unobservable input. An increase (decrease) in the assumed prepayment speed would result in a decrease (increase) in the fair value measurement of these securities. Fair values for the remaining Level 3 residential mortgage-backed securities are determined using a matrix pricing model and for which the spread over the U.S. Treasury curve is the most significant unobservable input to the pricing result. Generally, a change in spreads would lead to directionally inverse movement in the fair value measurement of these securities.

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Asset-backed securities classified as Level 3 primarily consist of non-agency mortgage loan trust certificates, including subprime and Alt-A paper, credit tenant loans, and equipment financings. Approximately 73.0% of the total fair value of these Level 3 securities at June 30, 2012 is determined using either a discounted cash flow model or a matrix pricing model. The significant unobservable inputs used in these models are prepayment rates, probability of default, loss severity and spread over the U.S. Treasury curve. Significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in loss severity and a directionally opposite change in the assumed prepayment speed. The remaining 27.0% of the total fair value of these Level 3 securities at June 30, 2012 is determined by consensus pricing. As the availability of market pricing for these securities is limited by low trading activity, offered quotes obtained from brokers are internally reviewed by those with relevant expertise and, as a result, may be adjusted to derive a fair value measurement for these securities; no such adjustments were made at June 30, 2012.

Redeemable preferred stocks classified as Level 3 are modeled using a discounted cash flow methodology to determine fair value and for which a bond equivalent yield is the most significant unobservable input. An increase (decrease) in that assumption would lead to a directionally inverse result on the fair value measurement of these securities.

Other equity investments classified as Level 3 primarily consist of private venture capital fund investments of AllianceBernstein for which fair values are adjusted to reflect expected exit values as evidenced by financing and sale transactions with third parties or when consideration of other factors, such as current company performance and market conditions, is determined by management to require valuation adjustment. Significant increase (decrease) in isolation in the underlying enterprise value to revenue multiple and enterprise value to R&D investment multiple, if applicable, would result in significantly higher (lower) fair value measurement. Significant increase (decrease) in the discount rate would result in a significantly lower (higher) fair value measurement. Significant increase (decrease) in isolation in the discount factor ascribed for lack of marketability and various risk factors would result in significantly lower (higher) fair value measurement. Changes in the discount factor generally are not correlated to changes in the value multiples. Also classified as Level 3 are approximately $21 million private venture capital fund-of-fund investments of AllianceBernstein for which fair value is estimated using the capital account balances provided by the partnerships. The interests in these partnerships cannot be redeemed. As of June 30, 2012, AllianceBernstein’s aggregate unfunded commitments to these investments were approximately $19 million.

Separate Accounts’ assets classified as Level 3 primarily consist of private equity investments with fair value of approximately $189 million, including approximately $183 million fair value investment in a private real estate fund, as well as mortgage loans with fair value of approximately $23 million. Third party appraisal is used to measure the fair value of the private real estate investment fund, including consideration of observable replacement cost and sales comparisons for the underlying commercial properties, as well as the results from applying a discounted cash flow approach. Significant increase (decrease) in isolation in the capitalization rate and exit capitalization rate assumptions used in the discounted cash flow approach to appraisal value would result in a higher (lower) measure of fair value. A discounted cash flow approach also is applied to determine the approximately $6 million fair value of the other private equity investment and for which the significant unobservable assumptions are an inflation rate formula and a discount factor that takes into account various risks, including the illiquid nature of the investment. A significant increase (decrease) in the inflation rate would have directionally inverse effect on the fair value of the security. With respect to the fair value measurement of mortgage loans, a significant increase (decrease) in the assumed spread over US Treasuries would produce a lower (higher) fair value measurement. Changes in the discount rate or factor used in the valuation techniques to determine the fair values of these private equity investments and mortgage loans generally are not correlated to changes in the other significant unobservable inputs. Significant increase (decrease) in isolation in the discount rate or factor would result in significantly lower (higher) fair value measurements. The remaining Separate Accounts’ investments classified as Level 3 at June 30, 2012 consist of mortgage- and asset-backed securities with fair values of approximately $4 million and $6 million, respectively, and for which those measurements are determined using substantially the same valuation techniques as earlier described above for the Company’s General Account investments in these securities.

Significant unobservable inputs with respect to the fair value measurement of the Level 3 GMIB reinsurance contract asset and the Level 3 liabilities identified in the table above are developed using Company data. Validations of unobservable inputs are performed to the extent the Company has experience. When an input is changed the model is updated and the results of each step of the model are analyzed for reasonableness.

50

The significant unobservable inputs used in the fair value measurement of the Company’s GMIB reinsurance contract asset are lapse rates, withdrawal rates and GMIB utilization rates. Significant increases in GMIB utilization rates or decreases in lapse or withdrawal rates in isolation would tend to increase the GMIB reinsurance contract asset.

Fair value measurement of the GMIB reinsurance contract asset includes dynamic lapse and GMIB utilization assumptions whereby projected contractual lapses and GMIB utilization reflect the projected net amount of risks of the contract. As the net amount of risk of a contract increases, the assumed lapse rate decreases and the GMIB utilization increases. Increases in volatility would increase the asset.

The significant unobservable inputs used in the fair value measurement of the Company’s GMWB and GWBL liability are lapse rates and withdrawal rates. Significant increases in withdrawal rates or decreases in lapse rates in isolation would tend to increase these liabilities. Increases in volatility would increase these liabilities.

The carrying values and fair values at June 30, 2012 and December 31, 2011 for financial instruments not otherwise disclosed in Note 3 are presented in the table below. Certain financial instruments are exempt from the requirements for fair value disclosure, such as insurance liabilities other than financial guarantees and investment contracts and pension and other postretirement obligations.

	June 30, 2012
	Carrying		Fair Value
	Value		Level 1		Level 2		Level 3		Total
	(In Millions)
Consolidated:
Mortgage loans on real estate	$	4,633	$	—	$	—	$	4,807	$	4,807
Other limited partnership interests		1,566		—		—		1,566		1,566
Loans to affiliates		1,039		—		744		404		1,148
Policyholders liabilities: Investment contracts		2,495		—		—		2,676		2,676
Long-term debt		200		—		—		226		226
Loans from affiliates		1,325		—		1,613		—		1,613

	December 31, 2011
	Carrying		Fair
	Value		Value
	(In Millions)
Consolidated:
Mortgage loans on real estate	$	4,281	$	4,432
Other limited partnership interests		1,582		1,582
Loans to affiliates		1,041		1,097
Policyholders liabilities: Investment contracts		2,549		2,713
Long-term debt		200		220
Loans from affiliates		1,325		1,485

Fair values for commercial and agricultural mortgage loans on real estate are measured by discounting future contractual cash flows to be received on the mortgage loan using interest rates at which loans with similar characteristics and credit quality would be made. The discount rate is derived from taking the appropriate U.S Treasury rate with a like term to the remaining term of the loan and adding a spread reflective of the risk premium associated with the specific loan. Fair values for mortgage loans anticipated to be foreclosed and problem mortgage loans are limited to the fair value of the underlying collateral, if lower.

51

Other limited partnership interests and other equity investments, including interests in investment companies, are accounted for under the equity method and for which the carrying value provides a reasonable estimate of fair value as the underlying investments of these partnerships are valued at estimated fair value.

Fair values for the Company’s long-term debt are determined from quotations provided by brokers knowledgeable about these securities and internally assessed for reasonableness. The fair values of the Company’s borrowing and lending arrangements with AXA affiliated entities are determined in the same manner as for such transactions with third parties, including matrix pricing models for debt securities and discounted cash flow analysis for mortgage loans.

The fair values for the Company’s association plans contracts, supplementary contracts not involving life contingencies (“SCNILC”), deferred annuities and certain annuities, which are included in Policyholder’s account balances are estimated using projected cash flows discounted at rates reflecting current market rates. Significant unobservable inputs reflected in the cash flows include lapse rates and withdrawal rates. Incremental adjustments may be made to the fair value to reflect non-performance risk. Certain other products such as Access Accounts are held at book value.

7) EMPLOYEE BENEFIT PLANS

The Health Acts signed into law in March 2010, are expected to have both immediate and long-term financial reporting implications for many employers who sponsor health plans for active employees and retirees. While many of the provisions of the Health Acts do not take effect until future years and are intended to coincide with fundamental changes to the healthcare system, current-period measurement of the benefits obligation is required to reflect an estimate of the potential implications of presently enacted law changes absent consideration of potential future plan modifications. Many of the specifics associated with this new healthcare legislation remain unclear, and further guidance is expected to become available as clarifying regulations are issued to address how the law is to be implemented. Management, in consultation with its actuarial advisors in respect of the Company’s health and welfare plans, has concluded that a reasonable and reliable estimate of the impact of the Health Acts on future benefit levels cannot be made as of June 30, 2012 due to the significant uncertainty and complexity of many aspects of the new law.

Included among the major provisions of the Health Acts is a change in the tax treatment of the Medicare Part D subsidy. The subsidy came into existence with the enactment of the MMA in 2003 and is available to sponsors of retiree health benefit plans with a prescription drug benefit that is “actuarially equivalent” to the benefit provided by the Medicare Part D program. Prior to the Health Acts, sponsors were permitted to deduct the full cost of these retiree prescription drug plans without reduction for subsidies received. Although the Medicare Part D subsidy does not become taxable until years beginning after December 31, 2012, the effects of changes in tax law had to be recognized immediately in the income statement of the period of enactment. When MMA was enacted, the Company reduced its health benefits obligation to reflect the expected future subsidies from this program but did not establish a deferred tax asset for the value of the related future tax deductions. Consequently, passage of the Health Acts did not result in adjustment of the deferred tax accounts.

The funding policy of the Company for its qualified pension plans is to satisfy its funding obligations each year in an amount not less than the minimum required by the ERISA, as amended by the Pension Act, and not greater than the maximum it can deduct for Federal income tax purposes.

In the first six months of 2012, no cash contributions were made by AXA Equitable to its qualified pension plans. Based on the funded status of the Company’s plans at June 30, 2012, no minimum contribution is required to be made in 2012 under ERISA, as amended by the Pension Act. AXA Equitable intends to make a discretionary contribution of approximately $260 million to its pension plan later this year. As of August 2, 2012, AllianceBernstein has not made any contributions in 2012 to its qualified pension plan and currently intends to contribute approximately $6 million later this year.

On January 31, 2012, AXA Equitable amended the terms of its qualified defined pension plan. Under the amended terms, the interest crediting rate for pay credits earned on or after April 1, 2012 (and any interest credits accrued or accruing in the future for these pay credits) will be based solely on the average daily rates for one-year Treasury Constant Maturities. This change will not affect pay credits credited prior to April 1, 2012 (and interest credits accrued or accruing in the future on these pay credits) where the annual interest crediting rate will continue to be the greater of 4.0% and the rate derived from the average daily rates for one-year Treasury Constant Maturities.

52

Effective February 11, 2012, AXA Equitable eliminated the 3% Company match in its qualified defined contribution plan and replaced it with a discretionary profit sharing contribution. The amount of any discretionary profit sharing contribution for a calendar year will be based on company performance for that year and will range from 0.0% to 4.0% of eligible compensation.

Components of certain benefit costs for the Company were as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
	(In Millions)
Net Periodic Pension Expense:
(Qualified and Non-qualified Plans)
Service cost	$	11		$	10		$	22		$	20
Interest cost		27			30			53			60
Expected return on assets		(35	)		(30	)		(69	)		(60	)
Net amortization		41			36			82			72
Net Periodic Pension Expense	$	44		$	46		$	88		$	92

8) SHARE-BASED COMPENSATION PROGRAMS

AXA and AXA Financial sponsor various share-based compensation plans for eligible employees and financial professionals of AXA Financial and its subsidiaries, including the Company. AllianceBernstein also sponsors its own unit option plans for certain of its employees. Activity in these share-based plans in the discussions that follow relates to awards granted to eligible employees of AXA Equitable under each of these plans in the aggregate, except where otherwise noted.

For the second quarter and first six months of 2012 and 2011, respectively, the Company recognized compensation (credit) cost of $(5) million, $16 million, $56 million and $116 million for share-based payment arrangements as further described herein.

On March 16, 2012, under the terms of the AXA Performance Unit Plan 2012, AXA awarded approximately 2.3 million unearned performance units to employees of AXA Equitable. The extent to which 2012-2013 cumulative performance targets measuring the performance of AXA and the insurance related businesses of AXA Financial Group are achieved will determine the number of performance units earned, which may vary in linear formula between 0% and 130% of the number of performance units at stake. The performance units earned during this performance period will vest and be settled on the third anniversary of the award date. The price used to value the performance units at settlement will be the average closing price of the AXA ordinary share for the last 20 trading days of the vesting period converted to U.S. dollars using the Euro to U.S. dollar exchange rate on March 15, 2015. In the second quarter and first six months of 2012, the expense (credit) associated with the March 16, 2012 grant of performance units was approximately $(512,237) and $5 million, respectively.

On March 16, 2012, approximately 900,790 options to purchase AXA ordinary shares were granted to AXA Equitable employees under the terms of the Stock Option Plan at an exercise price of 12.22 euros. All of those options have a four-year graded vesting schedule, with one-third vesting on each of the second, third, and fourth anniversaries of the grant date. Approximately 370,426 of the total options awarded on March 16, 2012 are further subject to conditional vesting terms that require the AXA ordinary share price to outperform the Euro Stoxx Insurance Index over a specified period. All of the options granted on March 16, 2012 have a ten-year term. The weighted average grant date fair value per option award was estimated at $2.48 using a Black-Scholes options pricing model with modification to measure the value of the conditional vesting feature. Key assumptions used in the valuation included expected volatility of 39.89%, a weighted average expected term of 5.6 years, an expected dividend yield of 7.54% and a risk-free interest rate of 1.8%. The total fair value of these options (net of expected forfeitures) of approximately $2 million is charged to expense over the shorter of the vesting term or the period up to the date at which the participant becomes retirement eligible. In second quarter and first six months of 2012, the expense associated with the March 16, 2012 grant of options was approximately $116,789 and $495,982, respectively.

53

On April 12, 2012, cash distributions of approximately $9 million were made to AXA Equitable active and former employees in settlement of 539,406 performance units, representing 50 percent of the number of performance units earned under the terms of the AXA Performance Unit Plan 2010. The remaining earned performance units vest with continued service to March 19, 2013, the third anniversary of the date of grant, with limited exception for retirement, death, or disability, and will be valued using the average closing price of the AXA ordinary share for the last 20 trading days of the vesting period converted to U.S. dollars at the Euro to U.S. dollar exchange rate on March 18, 2013. Participants may elect to receive AXA ordinary shares in lieu of cash for all or a portion of that settlement.

On March 16, 2012, under the terms of the AXA Miles Program 2012, AXA granted 50 AXA Miles to every employee and eligible financial professional of AXA Group for the purpose of enhancing long-term employee-shareholder engagement. Each AXA Mile represents a phantom share of AXA stock that will convert to an actual AXA ordinary share at the end of a four-year vesting period provided the employee or financial professional remains in the employ of the company or has retired. Half of each AXA Miles grant, or 25 AXA Miles, are further subject to vesting conditions based on achievement of improvements in specific AXA performance metrics. The total fair value of these AXA Miles awards of approximately $6 million, net of expected forfeitures, is charged to expense over the shorter of the vesting term or the period up to the date at which the participant becomes retirement eligible and is updated to reflect change in respect of the expectation for meeting the predefined performance conditions. In second quarter and first six months of 2012, the expense associated with the March 16, 2012 grant of AXA Miles was approximately $61,503 and $395,462, respectively.

AllianceBernstein Long-term Incentive Compensation Plans. In fourth quarter 2011, AllianceBernstein implemented changes to AllianceBernstein’s employee long-term incentive compensation award. AllianceBernstein amended all outstanding year-end deferred incentive compensation awards of active employees (i.e., those employees employed as of December 31, 2011), so that employees who terminate their employment or are terminated without cause may continue to vest, so long as the employees do not violate the agreements and covenants set forth in the applicable award agreement, including restrictions on competition, employee and client solicitation, and a claw-back for failing to follow existing risk management policies. This amendment resulted in the immediate recognition in the fourth quarter of the cost of all unamortized deferred incentive compensation on outstanding awards from prior years that would otherwise have been expensed in future periods.

In addition, awards granted in 2012, will contain the same continued vesting provisions and, accordingly, AllianceBernstein’s annual incentive compensation expense will reflect 100% of the expense associated with the deferred incentive compensation awarded in each year. This approach to expense recognition will more closely match the economic cost of awarding deferred incentive compensation to the period in which the related service is performed.

During the second quarter and first six months of 2012, AllianceBernstein purchased 2.1 million and 6.6 million Holding units for $28 million and $95 million, respectively. These amounts reflect open-market purchases of 2.1 million and 6.3 million Holding units for $28 million and $91 million, respectively, with the remainder primarily relating to purchases of Holding units from employees to allow them to fulfill statutory tax withholding requirements at the time of distribution of long-term incentive compensation awards, offset by Holding units purchased by employees as part of a distribution reinvestment election.

AllianceBernstein granted to employees and Eligible Directors 2.8 million restricted Holding awards during the second quarter of 2012 and 11.9 million restricted Holding unit awards (including 8.7 million restricted Holding units granted in January 2012 for 2011 year-end awards) during the first six months of 2012. To fund these awards, AllianceBernstein allocated previously repurchased Holding units that had been held in the consolidated rabbi trust. The 2011 incentive compensation awards, which were recognized as expense in fourth quarter 2011, allowed most employees to allocate their awards between restricted Holding units and deferred cash. As a result, 8.7 million restricted Holding units, valued at $130 million, for the December 2011 awards were issued from the consolidated rabbi trust in January 2012. There were approximately 8.7 million unallocated Holding units remaining in the consolidated rabbi trust as of June 30, 2012.

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9) INCOME TAXES

Income taxes for the interim periods ended June 30, 2012 and 2011 have been computed using an estimated annual effective tax rate. This rate is revised, if necessary, at the end of each successive interim period to reflect the current estimate of the annual effective tax rate.

10) LITIGATION

There have been no new material legal proceedings and no material developments in specific litigations previously reported in the Company’s Notes to Consolidated Financial Statements for the year ended December 31, 2011, except as set forth below:

Insurance Litigation

A lawsuit was filed in the United States District Court of the District of New Jersey in July 2011, entitled Mary Ann Sivolella v. AXA Equitable Life Insurance Company and AXA Equitable Funds Management Group, LLC (“FMG LLC”). The lawsuit was filed derivatively on behalf of eight funds. The lawsuit seeks recovery under Section 36(b) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), for alleged excessive fees paid to AXA Equitable and FMG LLC for investment management services. In November 2011, plaintiff filed an amended complaint, adding claims under Sections 47(b) and 26(f) of the Investment Company Act, as well as a claim for unjust enrichment. In addition, plaintiff purports to file the lawsuit as a class action in addition to a derivative action. In December 2011, AXA Equitable and FMG LLC filed a motion to dismiss the amended complaint. In May 2012, the Plaintiff voluntarily dismissed her claim under Section 47(b) of the 1940 Act. Plaintiff seeks recovery of the alleged overpayments, or alternatively, rescission of the contracts and restitution of substantially all fees paid.

AllianceBernstein Litigation

During first quarter 2012, AllianceBernstein received a legal letter of claim (the “Letter of Claim”) sent on behalf of a former European pension fund client, alleging that AllianceBernstein Limited (a wholly-owned subsidiary of AllianceBernstein organized in the United Kingdom) was negligent and failed to meet certain applicable standards of care with respect to AllianceBernstein’s initial investment in and management of a £500 million portfolio of U.S. mortgage-backed securities. The alleged damages range between $177 million and $234 million plus compound interest on an alleged $125 million of realized losses in the portfolio. AllianceBernstein believes that it has strong defenses to these claims and will defend them vigorously.

In addition to the matters described above, a number of lawsuits, claims and assessments have been filed against life and health insurers and asset managers in the jurisdictions in which AXA Equitable and its respective subsidiaries do business. These proceedings involve, among other things, insurers’ sales practices, alleged agent misconduct, alleged failure to properly supervise agents, contract administration, breach of fiduciary duties, mismanagement of client funds and other matters. Some of the matters have resulted in the award of substantial judgments against other insurers and asset managers, including material amounts of punitive damages, or in substantial settlements. In some states, juries have substantial discretion in awarding punitive damages. AXA Equitable and its subsidiaries from time to time are involved in such proceedings. Some of these actions and proceedings filed against AXA Equitable and its subsidiaries have been brought on behalf of various alleged classes of claimants and certain of these claimants seek damages of unspecified amounts. While the ultimate outcome of such matters cannot be predicted with certainty, in the opinion of management no such matter is likely to have a material adverse effect on AXA Equitable’s consolidated financial position or results of operations. However, it should be noted that the frequency of large damage awards, including large punitive damage awards that bear little or no relation to actual economic damages incurred by plaintiffs in some jurisdictions, continues to create the potential for an unpredictable judgment in any given matter.

Although the outcome of litigation and regulatory matters generally cannot be predicted with certainty, management intends to vigorously defend against the allegations made by the plaintiffs in the actions described above and believes that the ultimate resolution of the litigation and regulatory matters described therein involving AXA Equitable and/or its subsidiaries should not have a material adverse effect on the consolidated financial position of AXA Equitable. Management cannot make an estimate of loss, if any, or predict whether or not any of the litigations and regulatory matters described above will have a material adverse effect on AXA Equitable’s consolidated results of operations in any particular period.

11) RELATED PARTY TRANSACTIONS

AXA Equitable reimburses AXA Financial for expenses relating to the Excess Retirement Plan, Supplemental Executive Retirement Plan and certain other employee benefit plans that provide participants with medical, life insurance, and deferred compensation benefits. Such reimbursement was based on the cost to AXA Financial of the benefits provided which totaled $12 million, $24 million, $13 million and $28 million, respectively, for the second quarter and first six months of 2012 and 2011.

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AXA Equitable paid $174 million, $366 million, $164 million and $321 million, respectively, of commissions and fees to AXA Distribution and its subsidiaries for sales of insurance products for the second quarter and first six months of 2012 and 2011. AXA Equitable charged AXA Distribution’s subsidiaries $102 million, $207 million, $111 million and $219 million, respectively, for their applicable share of operating expenses for the second quarter and first six months of 2012 and 2011, pursuant to the Agreements for Services.

At June 30, 2012 and December 31, 2011, the Company’s GMIB reinsurance asset with AXA RE Arizona Company (formerly AXA Bermuda, which during second quarter 2012, redomesticated from Bermuda to Arizona and changed its name to AXA RE Arizona Company) (“AXA Arizona”) had carrying values of $9,154 million and $8,129 million, respectively, and is reported in Guaranteed minimum income benefit reinsurance contract asset, at fair value in the consolidated balance sheets. Ceded premiums to AXA Arizona in second quarter and first six months of 2012 and 2011 related to the UL and no lapse guarantee riders totaled approximately $120 million, $237 million, $120 million and $236 million, respectively. Ceded claims paid in second quarter and first six months of 2012 and 2011 were $19 million, $35 million, $4 million and $13 million, respectively.

12) RESTRUCTURING

As part of AXA Equitable’s on-going efforts to reduce costs and operate more efficiently, from time to time, management has approved and initiated plans to reduce headcount and relocate certain operations. In the second quarter and first six months of 2012 and 2011, respectively, AXA Equitable recorded a $2 million, $13 million, $21 million and $23 million pre-tax charge related to severance costs.

As a result of AllianceBernstein’s ongoing efforts to operate more efficiently, in the second quarter and first six months of 2012 and 2011, respectively, AllianceBernstein recorded a $4 million, $17 million, $4 million and $9 million pre-tax charge related to severance costs. In the first six months of 2012, AllianceBernstein recorded a $16 million pre-tax real estate charge related to its review of its real estate requirements.

13) SEGMENT INFORMATION

The following tables reconcile segment revenues and earnings (loss) from continuing operations before income taxes to total revenues and earnings (loss) as reported on the consolidated statements of earnings (loss) and segment assets to total assets on the consolidated balance sheets, respectively.

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
	(In Millions)
Segment revenues:
Insurance	$	5,836		$	2,677		$	4,209		$	3,239
Investment Management(1)		646			729			1,326			1,484
Consolidation/elimination		(7	)		(4	)		(12	)		(10	)
Total Revenues	$	6,475		$	3,402		$	5,523		$	4,713

⁽¹⁾  Intersegment investment advisory and other fees of approximately $15 million, $29 million, $14 million and $29 million for the second quarter and first six months of 2012 and 2011, respectively, are included in total revenues of the Investment Management segment.

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	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2012			2011		2012			2011
	(In Millions)
Segment earnings (loss) from continuing operations, before income taxes:
Insurance	$	3,747		$	1,101	$	1,082		$	139
Investment Management(1)		80			99		179			220
Consolidation/elimination		(1	)		1		(1	)		1
Total Earnings (Loss) from Continuing Operations, before income taxes	$	3,826		$	1,201	$	1,260		$	360

⁽¹⁾  Net of interest expense incurred on securities borrowed.

	June 30,			December 31,
	2012			2011
	(In Millions)
Segment assets:
Insurance	$	160,312		$	153,099
Investment Management		11,755			11,811
Consolidation/elimination		(4	)		(2	)
Total Assets	$	172,063		$	164,908

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Item 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL

CONDITION AND RESULTS OF OPERATIONS

Management’s discussion and analysis of financial condition and results of operations for the Company that follows should be read in conjunction with the Consolidated Financial Statements and the related Notes to Consolidated Financial Statements included elsewhere herein, with the information provided under “Forward-looking Statements” included elsewhere herein and Management’s Discussion and Analysis (“MD&A”) in Part II, Item 7 and “Risk Factors” in Part I, Item 1A included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 (“2011 Form 10-K”).

BACKGROUND

Established in 1859, AXA Equitable is among the oldest and largest life insurance companies in the United States. As part of a diversified financial services organization, AXA Equitable offers a broad spectrum of insurance and investment management products and services. Together with its affiliates, including AllianceBernstein, AXA Equitable is a leading asset manager, with total assets under management of approximately $496.5 billion at June 30, 2012, of which approximately $407.3 billion were managed by AllianceBernstein. AXA Equitable is an indirect wholly owned subsidiary of AXA Financial, which is itself an indirect wholly owned subsidiary of AXA S.A. (“AXA”), a French holding company for an international group of insurance and related financial services companies.

The Company conducts operations in two business segments, the Insurance segment and the Investment Management segment. The Insurance segment offers a variety of variable and universal life insurance products, variable and fixed-interest annuity products and asset management and other services principally to individuals, small and medium-size businesses and professional and trade associations. The Investment Management segment is principally comprised of the investment management business of AllianceBernstein, a leading global investment management firm. AllianceBernstein earns revenues primarily by charging fees for managing the investment assets of, and providing research to, its clients.

CURRENT MARKET CONDITIONS AND OVERVIEW

The Company’s business and consolidated results of operations are materially affected by conditions in the capital markets and the economy, generally. In recent years, stressed conditions in the economy and volatility and disruptions in the capital markets and/or particular asset classes have had an adverse effect on the Company’s business, consolidated results of operations and financial condition. While an economic recovery in the U.S. is underway, the viability of a continued and self-sustaining recovery remains in question as concerns continue over, among other things, high unemployment and weak job creation, a depressed real estate market and the Eurozone debt crisis. For example, the second quarter of 2012 saw the return of increased volatility in the equity markets as well as the reversal of the strong equity markets gains of the first quarter of 2012, as a number of worries undermined investor sentiment and risk appetite. As a result, the flight by investors to “safe haven” assets caused the yields on long-term U.S. treasury yields to fall sharply to multi-year lows. As part of the Company’s efforts to mitigate the impacts of the challenging conditions in the economy and capital markets on its business, the Company has modified its product portfolio by developing new and innovative products with the objective of offering a more balanced and diversified product portfolio that drives profitable growth while appropriately managing risk. The Company has made solid progress in executing this strategy over the past few years, as the Company has introduced several new life insurance and annuity products to the marketplace which have been well received. During the first six months of 2012, in furtherance of the Company’s initiatives to manage the risks associated with the in-force variable annuity business with guarantee features, the Company suspended the acceptance of contributions into certain Accumulator^® contracts issued prior to June 2009 and has also taken steps to limit and/or suspend the acceptance of contributions to other annuity products.

Despite the challenging economic environment, the Company’s overall life insurance and annuity sales continued to improve. In the second quarter and first six months of 2012, annuities first year premiums by the Company increased by $419 million, or 33.0% and $690 million or 29.0%, from the comparable 2011 periods, primarily due to increased premiums and deposits of variable annuity products. The Company’s life insurance first year premiums and deposits in the second quarter and first six months of 2012 increased by $8 million, or 7.0% and $10 million or 5.0 %, from the comparable 2011 periods, primarily due to increased sales of universal life insurance products, partially offset by decreases in first year term life insurance sales.

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At AllianceBernstein, total assets under management (“AUM”) as of June 30, 2012 were $407.3 billion, an increase of $1.4 billion, or 0.3%, compared to December 31, 2011, and down $53.7 billion, or 11.7%, compared to June 30, 2011. During the first six months of 2012, AUM increased as a result of market appreciation of $16.4 billion partially offset by net outflows of $15.4 billion (primarily in the Institutional channel). During the twelve month period ended June 30, 2012, AUM decreased as a result of net outflows of $43.6 billion and by market depreciation of $10.3 billion partially offset by $.2 billion of acquisitions.

ACCOUNTING FOR VA GUARANTEE FEATURES

In recent years, variable annuity products with VA Guarantee Features have been the predominant products issued by the Company. These products account for over half of the Company’s Separate Accounts assets and have been a significant driver of its results. Because the future claims exposure on these products is sensitive to movements in the equity markets and interest rates, the Company has in place various hedging and reinsurance programs that are designed to mitigate the impact of movements in the equity markets and interest rates. Due to the accounting treatment under U.S. GAAP, certain of these hedging and reinsurance programs contribute to earnings volatility. These programs generally include, among others, the following:

• Hedging programs. Hedging programs are used to mitigate certain risks associated with the VA Guarantee Features. These programs utilize various derivative instruments that are managed in an effort to reduce the economic impact of unfavorable changes in VA Guarantee Features’ exposures attributable to movements in the equity markets and interest rates. Although these programs are designed to provide a measure of economic protection against the impact adverse market conditions may have with respect to VA Guarantee Features, they do not qualify for hedge accounting treatment under U.S. GAAP, meaning that changes in the value of the derivatives will be recognized in the period in which they occur while offsetting changes in reserves will be recognized over time, which will contribute to earnings volatility as in second quarter 2012 when the Company recognized approximately $1.2 billion of income on free standing derivatives and $2.7 billion of income on the change in fair value of GMIB reinsurance asset which more than offset the $687 million increase in reserves for the VA Guarantee Features.

• GMIB reinsurance contracts. GMIB reinsurance contracts are used to cede to affiliated and non-affiliated reinsurers a portion of the exposure on variable annuity products that offer the GMIB feature. Additionally, under U.S. GAAP, the GMIB reinsurance contracts are accounted for as derivatives and are reported at fair value. Gross reserves for GMIB as noted above, on the other hand, are calculated under U.S. GAAP on the basis of assumptions related to projected benefits and related contract charges over the lives of the contracts and therefore will not immediately reflect the offsetting impact on future claims exposure resulting from the same capital market and/or interest rate fluctuations that cause gains or losses on the fair value of the GMIB reinsurance contracts. Because the changes in the fair value of the GMIB reinsurance contracts are recorded in the period in which they occur while offsetting changes in gross reserves for GMIB will be recognized over time, earnings will tend to be more volatile as in second quarter 2012, particularly during periods in which equity markets and/or interest rates change significantly.

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As referred to in the preceding paragraphs, decreasing interest rates and volatility in equity markets, specifically in the second quarter of 2012, contributed to earnings volatility. The table below shows, for second quarter and the first six months of 2012 and 2011 and the year ended December 31, 2011, the impact on Earnings (Loss) from continuing operations before income taxes of the items discussed above (prior to the impact of Amortization of deferred acquisition costs):

	Three Months Ended						Six Months Ended						Year Ended
	June 30,						June 30,						December 31,
	2012			2011			2012			2011			2011
	(In Millions)
Income (loss) on free-standing derivatives(1)	$	1,152		$	245		$	(141	)	$	(95	)	$	(415	)
Increase (decrease) in fair value of
GMIB reinsurance contracts(2)		2,677			694			834			(239	)		243
(Increase) decrease in GMDB, GMIB and GWBL reserves, net of related GMDB reinsurance(3)		(687	)		(198	)		(276	)		(162	)		(922	)
Total	$	3,142		$	741		$	417		$	(496	)	$	(1,094	)

⁽¹⁾  Reported in Net investment income (loss) in the consolidated statements of earnings (loss)

⁽²⁾  Reported in Increase (decrease) in fair value of reinsurance contracts in the consolidated statements of earnings (loss)

⁽³⁾  Reported in Policyholders’ benefits in the consolidated statements of earnings (loss)

Reinsurance ceded – AXA Arizona. The Company has implemented capital management actions to mitigate statutory reserve strain for GMDB and GMIB riders on the Accumulator^® products sold on or after January 1, 2006 and in-force at September 30, 2008 through reinsurance transactions with AXA Arizona. AXA Arizona also reinsures a 90% quota share of level premium term insurance issued by AXA Equitable on or after March 1, 2003 through December 31, 2008 and lapse protection riders under universal life insurance policies issued by AXA Equitable on or after June 1, 2003 through June 30, 2007. For AXA Equitable, these reinsurance transactions currently provide statutory capital relief and mitigate the volatility of capital requirements.

The Company receives statutory reserve credits for reinsurance treaties with AXA Arizona to the extent AXA Arizona holds assets in an irrevocable trust ($10.5 billion at June 30, 2012) and/or letters of credit ($2.1 billion at June 30, 2012). AXA Arizona is required to hold a combination of assets in the trust and/or letters of credit so that the Company will continue to be permitted to take credit for the reinsurance.

For further information regarding this transaction, see “Item 1A-Risk Factors” included in the 2011 Form 10-K.

2012 Assumption Changes and Refinements. In the second quarter of 2012, expectations of partial withdrawal rates for variable annuities with GMDB and GMIB guarantees were updated based on emerging experience. This update increases expected future claim costs and the fair value of the GMIB reinsurance contract asset. Also in the second quarter of 2012, expectations of GMIB election rates were lowered for certain ages based on emerging experience. This decreases the expected future GMIB claim cost and the fair value of the GMIB reinsurance contract asset, while increasing the expected future GMDB claim cost. Additionally the Company updated the projection of future interest rates used to value GMIB claims at the time of GMIB election which decreases expected future claim costs and the fair value of the GMIB reinsurance contract asset. The after DAC and after tax impacts of these updated assumptions and refinements were an increase to Net earnings of approximately $291 million in the second quarter of 2012.

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CRITICAL ACCOUNTING ESTIMATES

Application of Critical Accounting Estimates

The Company’s MD&A is based upon its consolidated financial statements that have been prepared in accordance with U.S. GAAP. The preparation of these financial statements requires the application of accounting policies that often involve a significant degree of judgment, requiring management to make estimates and assumptions (including normal, recurring accruals) that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management, on an ongoing basis, reviews and evaluates the estimates and assumptions used in the preparation of the consolidated financial statements, including those related to investments, recognition of insurance income and related expenses, DAC, future policy benefits, recognition of Investment Management revenues and related expenses and benefit plan costs. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. The results of such factors form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. If management determines that modifications in assumptions and estimates are appropriate given current facts and circumstances, the consolidated results of operations and financial position as reported in the Consolidated Financial Statements could change significantly.

Management believes the critical accounting policies relating to the following areas are most dependent on the application of estimates, assumptions and judgments:

• Insurance Revenue Recognition

• Insurance Reserves and Policyholder Benefits

• DAC

• Goodwill and Other Intangible Assets

• Investment Management Revenue Recognition and Related Expenses

• Share-based and Other Compensation Programs

• Pension Plans

• Investments – Impairments and Fair Value Measurements

• Income Taxes

A discussion of each of the critical accounting estimates may be found in the Company’s 2011 Form 10-K, under “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Critical Accounting Estimates - Application of Critical Accounting Estimates.”

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CONSOLIDATED RESULTS OF OPERATIONS

The consolidated earnings (loss) narrative that follows discusses the results for the second quarter and six months ended June 30, 2012 compared to the comparable 2011 period’s results. For additional information, see “Accounting for VA Guarantee Features” at page 59.

AXA Equitable

Consolidated Results of Operations

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
	(In Millions)
Universal life and investment-type product policy fee income	$	821		$	817		$	1,649		$	1,713
Premiums		116			133			259			285
Net investment income (loss):
Investment income (loss) from derivative instruments		1,517			275			(42	)		(91	)
Other investment income (loss)		545			559			1,178			1,166
Total net investment income (loss)		2,062			834			1,136			1,075
Investment gains (losses), net:
Total other-than-temporary impairment losses		(50	)		(23	)		(53	)		(23	)
Portion of loss recognized in other comprehensive income		1			1			1			1
Net impairment losses recognized		(49	)		(22	)		(52	)		(22	)
Other investment gains (losses), net		(4	)		(5	)		(9	)		(8	)
Total investment gains (losses), net		(53	)		(27	)		(61	)		(30	)
Commissions, fees and other income		852			951			1,706			1,909
Increase (decrease) in the fair value of the reinsurance contract asset		2,677			694			834			(239	)
Total revenues		6,475			3,402			5,523			4,713
Policyholders’ benefits		1,250			684			1,387			1,162
Interest credited to policyholders’ account balances		250			251			566			493
Compensation and benefits		393			483			820			969
Commissions		320			293			651			565
Distribution related payments		86			78			166			153
Amortization of deferred sales commission		10			10			18			20
Interest expense		27			26			54			53
Amortization of deferred policy acquisition costs		245			114			328			379
Capitalization of deferred policy acquisition costs		(192	)		(177	)		(375	)		(335	)
Rent expense		56			56			117			118
Amortization of other intangible assets		6			6			12			12
Other operating costs and expenses		198			377			519			764
Total benefits and other deductions		2,649			2,201			4,263			4,353
Earnings (loss) from continuing operations before income taxes		3,826			1,201			1,260			360
Income tax (expense) benefit		(1,358	)		(402	)		(365	)		(62	)
Net earnings (loss)		2,468			799			895			298
Less: net (earnings) loss attributable to the noncontrolling interest		(47	)		(58	)		(109	)		(129	)
Net Earnings (Loss) Attributable to AXA Equitable	$	2,421		$	741		$	786		$	169

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Three Months Ended June 30, 2012 Compared to Three Months Ended June 30, 2011

Net earnings attributable to the Company in second quarter 2012 were $2.4 billion, an increase of $1.7 billion from the $741 million of net earnings attributable to the Company for second quarter 2011. The increase is attributable to a higher increase in fair value of reinsurance contracts, higher investment income from derivative instruments, lower operating costs and expenses and lower compensation and benefits partially offset by higher DAC amortization, higher policyholder benefits (including increases in GMDB/GMIB/GWBL reserves), increase in commission expenses and higher writedowns of fixed maturities.

Net earnings attributable to the noncontrolling interest were $47 million in second quarter 2012 as compared to $58 million for second quarter 2011. The decrease was principally due to lower earnings from AllianceBernstein in second quarter 2012 compared to second quarter 2011.

Net earnings inclusive of earnings attributable to noncontrolling interest was $2.5 billion in second quarter 2012, an increase of $1.7 billion from the $799 million net earnings reported for second quarter 2011. The Insurance segment’s net earnings in second quarter 2012 was $2.4 billion, an increase of $1.7 billion from $719 million net earnings in second quarter 2011, while the net earnings for the Investment Management segment totaled $65 million, a $14 million decrease from the $79 million in net earnings in second quarter 2011.

Income tax expense in second quarter 2012 was $1.4 billion compared to $402 million in second quarter 2011. The increase in income tax expense was primarily due to the increase in pre-tax earnings in the Insurance segment. Income taxes for the second quarter of 2012 and 2011 were computed using an annual effective tax rate. The Company provides Federal and state income taxes on the undistributed earnings of non-U.S. corporate subsidiaries except to the extent such earnings are permanently invested outside of the United States.

Earnings from continuing operations before income taxes were $3.8 billion in second quarter 2012, an increase of $2.6 billion from the $1.2 billion in pre-tax earnings in second quarter 2011. The Insurance segment’s earnings from continuing operations totaled $3.7 billion in second quarter 2012, $2.6 billion higher than second quarter 2011’s earnings of $1.1 billion; the increase is attributable to a higher increase in fair value of reinsurance contracts, higher investment income from derivative instruments, lower operating costs and expenses and lower compensation and benefits partially offset by higher DAC amortization, higher policyholder benefits (including increases in GMDB/GMIB/GWBL reserves), increase in commission expenses and higher writedowns of fixed maturities. The Investment Management segment’s earnings from continuing operations were $80 million in second quarter 2012, a decrease of $19 million from earnings of $99 million in second quarter 2011, principally due to lower investment advisory and service fees and lower Bernstein research services partially offset by lower compensation and benefit expenses and lower operating costs and expenses.

Total revenues were $6.5 billion in second quarter 2012, an increase of $3.1 billion from the $3.4 billion reported in second quarter 2011. The Insurance segment reported a $3.2 billion increase in its revenues while the Investment Management segment had a decrease of $83 million. The increase of Insurance segment revenues to $5.8 billion in second quarter 2012 as compared to $2.7 billion in second quarter 2011 was principally due to an increase in the fair value of the reinsurance contract asset accounted for as derivatives of $2.7 billion as compared to an increase of $694 million in second quarter 2011 and $1.5 billion of investment income from derivatives as compared to investment income of $277 million in second quarter 2011. The Investment Management segment’s $646 million in revenues in second quarter 2012 as compared to $729 million in second quarter 2011 primarily was due to an $83 million decrease in investment advisory and services fees and a $4 million decrease in Bernstein research revenues partially offset by a $2 million increase in net investment income.

Total benefits and expenses were $2.6 billion in second quarter 2012, an increase of $448 million from the $2.2 billion total for second quarter 2011. The Insurance segment’s total benefits and expenses were $2.1 billion, an increase of $513 million from the second quarter 2011 total of $1.6 billion. The Investment Management segment’s total expenses for second quarter 2012 were $566 million, $64 million lower than the $630 million in expenses in second quarter 2011. The Insurance segment’s increase was principally due to a $566 million increase in policyholders’ benefits and higher DAC amortization ($245 million in second quarter 2012 as compared to DAC amortization of $114 million in second quarter 2011) partially offset by a $170 million reduction in other operating costs and expenses and a $23 million decrease in compensation and benefits. The decrease in expenses for the Investment Management segment was principally due to $67 million lower compensation and benefits at AllianceBernstein.

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Six Months Ended June 30, 2012 Compared to Six Months Ended June 30, 2011

Net earnings attributable to the Company in the first six months of 2012 were $786 million, an increase of $617 million from the $169 million of net earnings attributable to the Company during the first six months of 2011. The increase is attributable to an increase in fair value of reinsurance contracts for the first six months of 2012 as compared to a decrease in fair value of reinsurance contracts for the first six months of 2011, lower operating costs and expenses, lower compensation and benefits and lower investment losses from derivative instruments partially offset by higher policyholders’ benefits, increases in commission expenses, increases in DAC amortization, lower universal life and investment-type product policy fee income and higher writedowns of fixed maturities.

Net earnings attributable to the noncontrolling interest were $109 million in the first six months of 2012 as compared to $129 million for the first six months of 2011. The decrease was principally due to lower earnings from AllianceBernstein in the first six months of 2012 compared to the first six months of 2011.

Net earnings inclusive of earnings attributable to noncontrolling interest was $895 million in the first six months of 2012, an increase of $597 million from the $298 million net earnings reported for the first six months of 2011. The Insurance segment’s net earnings in the first six months of 2012 was $744 million, an increase of $622 million from $122 million net earnings in the first six months of 2011, while the net earnings for the Investment Management segment totaled $152 million, a $23 million decrease from the $175 million in net earnings in the first six months of 2011.

Income tax expense in the first six months of 2012 was $365 million compared to $62 million in the first six months of 2011. The increase in income tax expense was primarily due to the increase in pre-tax earnings in the Insurance segment. Income taxes for the first six months of 2012 and 2011 were computed using an annual effective tax rate. The Company provides Federal and state income taxes on the undistributed earnings of non-U.S. corporate subsidiaries except to the extent such earnings are permanently invested outside of the United States. In the first six months of 2012, there was a tax benefit of $6 million in the Investment Management segment related to the release of deferred taxes on foreign earnings.

Earnings from continuing operations before income taxes were $1.3 billion in the first six months of 2012, an increase of $900 million from the $360 million in pre-tax earnings in the first six months of 2011. The Insurance segment’s earnings from continuing operations before income taxes totaled $1.1 billion in the first six months of 2012, $943 million higher than the first six months of 2011’s pre-tax earnings of $139 million; the increase was primarily due to an increase in fair value of reinsurance contracts for the first six months of 2012 as compared to a decrease in fair value of reinsurance contracts for the first six months of 2011, lower operating costs and expenses, lower DAC amortization, higher DAC capitalization, lower investment losses from derivative instruments and lower compensation and benefits partially offset by higher policyholders’ benefits, increases in commission expenses, lower universal life and investment-type product policy fee income and higher writedowns of fixed maturities. The Investment Management segment’s earnings from continuing operations were $179 million in the first six months of 2012, a decrease of $41 million from earnings of $220 million in the first six months of 2011, principally due to lower investment advisory and service fees and lower Bernstein research services partially offset by lower compensation and benefit expenses and higher investment income.

Total revenues were $5.5 billion in the first six months of 2012, an increase of $810 million from the $4.7 billion reported in the first six months of 2011. The Insurance segment reported a $970 million increase in its revenues while the Investment Management segment had a decrease of $158 million. The increase of Insurance segment revenues to $4.2 billion in the first six months of 2012 as compared to $3.2 billion in the first six months of 2011 was principally due to an increase in the fair value of the reinsurance contract asset accounted for as derivatives of $834 million as compared to a decrease of $239 million in the first six months of 2011 and $42 million of investment loss from derivatives as compared to an investment loss of $91 million in the first six months of 2011 partially offset by $64 million lower policy fee income and $30 million higher writedowns of fixed maturities. The Investment Management segment’s $1.3 billion in revenues in the first six months of 2012 as compared to $1.5 billion in the first six months of 2011 primarily was due to a $170 million decrease in investment advisory and services fees and a $18 million decrease in Bernstein research revenues partially offset by a $27 million increase in net investment income.

Total benefits and expenses were $4.3 billion in the first six months of 2012, a decrease of $90 million from the $4.4 billion total for the first six months of 2011. The Insurance segment’s total benefits and expenses were $3.1 billion, an increase of $27 million from the first six months of 2011’s total of $3.1 billion. The Investment Management segment’s total expenses for the first six months of 2012 were $1.1 billion, $117 million lower than the $1.3 billion in expenses in the first six months of 2011. The Insurance segment’s increase was principally due to a $225 million increase in policyholders’ benefits, $86 million higher commission expenses and $73 million higher interest credited to policyholders’ account balances partially offset by a $231 million reduction in other operating costs and expenses, lower DAC amortization ($328 million in the first

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six months of 2012 as compared to DAC amortization of $379 million in the first six months of 2011), a $40 million increase in DAC capitalization and a $27 million decrease in compensation and benefit costs. The decrease in expenses for the Investment Management segment was principally due to $122 million lower compensation and benefits at AllianceBernstein.

RESULTS OF OPERATIONS BY SEGMENT

Insurance.

Insurance Segment

Results of Operations

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
	(In Millions)
Universal life and investment-type product policy fee income	$	821		$	817		$	1,649		$	1,713
Premiums		116			133			259			285
Net investment income (loss):
Investment income (loss) from derivative instruments		1,510			277			(28	)		(88	)
Other investment income (loss)		551			557			1,122			1,148
Total net investment income (loss)		2,061			834			1,094			1,060
Investment gains (losses), net:
Total other-than-temporary impairment losses		(50	)		(23	)		(53	)		(23	)
Portion of losses recognized in other comprehensive income		1			1			1			1
Net impairment losses recognized		(49	)		(22	)		(52	)		(22	)
Other investment gains (losses), net		(8	)		(5	)		(13	)		(5	)
Total investment gains (losses), net		(57	)		(27	)		(65	)		(27	)
Commissions, fees and other income		218			226			438			447
Increase (decrease) in the fair value of the reinsurance contract asset		2,677			694			834			(239	)
Total revenues		5,836			2,677			4,209			3,239
Policyholders’ benefits		1,250			684			1,387			1,162
Interest credited to policyholders’ account balances		250			251			566			493
Compensation and benefits		113			136			234			261
Commissions		320			293			651			565
Amortization of deferred policy acquisition costs		245			114			328			379
Capitalization of deferred policy acquisition costs		(192	)		(177	)		(375	)		(335	)
Rent expense		7			9			17			25
Interest expense		26			26			53			53
All other operating costs and expenses		70			240			266			497
Total benefits and other deductions		2,089			1,576			3,127			3,100
Earnings (Loss) from Continuing Operations, before Income Taxes	$	3,747		$	1,101		$	1,082		$	139

Three Months ended June 30, 2012 Compared to Three Months Ended June 30, 2011

Revenues

In second quarter 2012, the Insurance segment’s revenues increased $3.2 billion to $5.8 billion from $2.7 billion in second quarter 2011. The increase was principally due to an increase in the fair value of reinsurance contracts accounted for as derivatives of $2.7 billion as compared to an increase of $694 million in second quarter 2011 and $1.5 billion investment income from derivatives as compared to $277 million in second quarter 2011 partially offset by $30 million higher investment losses, net.

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Policy fee income totaled $821 million in second quarter 2012, $4 million higher than the $817 million in second quarter 2011. This increase was primarily due to higher fees on higher General Account policyholder account balances resulting from increased deposit and transfers from Separate Accounts partially offset by lower fees earned on lower average Separate Account balances due primarily to market depreciation and transfers to the General Account.

Premiums totaled $116 million in second quarter 2012, $17 million lower than the $133 million in second quarter 2011. This decrease primarily resulted from the $13 million lower premiums for traditional life policies in the Closed Block.

Net investment income (loss) increased $1.2 billion to $2.1 billion of income in second quarter 2012 from $834 million of income in second quarter 2011. The increase resulted from the $1.2 billion increase in investment income from derivative instruments offset by the $6 million decrease in other investment income. The Insurance segment reported $1.5 billion of income from derivative instruments including those related to hedging programs implemented to mitigate certain risks associated with the GMDB/GMIB/GWBL features of certain variable annuity contracts as compared to income of $277 million in second quarter 2011. The second quarter 2012 income was driven by the impact of lower interest rates and lower equity markets. Other investment income decreased $6 million to $551 million in second quarter 2012 primarily due to the decrease of $7 million of equity income from limited partnerships.

Investment losses, net totaled $57 million in second quarter 2012, as compared to $27 million in second quarter 2011. The Insurance segment’s net losses in second quarter 2012 were primarily due to writedowns on fixed maturities of $49 million as compared to $22 million of writedowns in the 2011 period, substantially all of which related to CMBS securities and $8 million of losses on sales of fixed maturities in second quarter 2012 as compared to $5 million of gains on sales of fixed maturities in the 2011 period. Partially offsetting these losses were a reduction of $9 million of additions to valuation allowances for mortgage loans on real estate ($1 million in second quarter 2012 as compared to $10 million in the comparable 2011 period).

In second quarter 2012, there was a $2.7 billion increase in the fair value of the GMIB reinsurance contract asset (including the reinsurance contract with AXA Arizona), which is accounted for as derivatives, as compared to the $694 million increase in their fair value in second quarter 2011; both periods’ changes reflected existing capital market conditions. Included in the second quarter 2012 increase was the impact of the updated assumptions of partial withdrawal rates partially offset by the impacts of the updated assumptions of GMIB election rates which were lowered for certain ages and the updated projection of future interest rates used to value GMIB claims at the time of GMIB election for a net increase of $375 million. In addition, the impact of the continuing decline in interest rates increased the fair value of the GMIB reinsurance contract asset by $1.9 billion.

Benefits and Other Deductions

In second quarter 2012, total benefits and other deductions increased $513 million to $2.1 billion from $1.6 billion in second quarter 2011 principally due to the Insurance segment’s reported $566 million increase in policyholders’ benefits, the $131 million increase in DAC amortization expenses partially offset by the $170 million decrease in other operating costs and the $23 million decrease in compensation and benefit expenses.

Policyholders’ benefits increased $566 million to $1.3 billion in second quarter 2012 from $684 million in second quarter 2011. The increase was primarily due to the $418 million increase in the GMDB/GMIB reserves (an increase of $591 million in second quarter 2012 as compared to $173 million in second quarter 2011). The second quarter 2012 increase was reduced by the impacts of the expectation of GMIB election rates, which were lowered for certain ages based on emerging experience and the updated projection of future interest rates used to value GMIB claims at the time of GMIB election partially offset by the impact of the updated assumptions of partial withdrawal rates based on emerging experience for a total decrease of $61 million. In addition there was a $71 million increase in the GWBL and GMAB reserves ($96 million increase in second quarter 2012 as compared to $25 million in second quarter 2011 due to market changes) and an $81 million increase to $472 million in benefits paid in second quarter 2012.

In second quarter 2012, interest credited to policyholders’ account balances totaled $250 million, a decrease of $1 million from the $251 million reported in second quarter 2011 primarily due to lower crediting rates substantially offset by higher average policyholders’ account balances.

Total compensation and benefits decreased $23 million to $113 million in second quarter 2012 from $136 million in second quarter 2011. The compensation and benefits decrease for the Insurance segment was principally due to a $10 million decrease in salary expenses and an $8 million decrease in postretirement and other benefit expenses, both of which resulted from Management’s 2011 expense reduction initiatives, and by a $5 million decrease in share-based compensation expense.

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In second quarter 2012, commissions totaled $320 million; an increase of $27 million from $293 million in second quarter 2011 principally due to higher asset based compensation reflecting higher asset values and increased variable annuity and universal life product sales.

DAC amortization was $245 million in second quarter 2012, an increase of $131 million from $114 million of amortization in second quarter 2011. In the second half of 2011, equity market declines and particularly interest rate reductions significantly increased projected GMDB and GMIB costs, which under the U.S. GAAP GMDB and GMIB reserving methodology is only partially reflected in the current reserve balance. The resulting reduction in projected estimated gross profits resulted in $3.2 billion of additional amortization to reduce the DAC related to variable annuity products as the DAC would have been in excess of the present value of estimated future profits, which led to lower baseline amortization in second quarter 2012 as compared to second quarter 2011. In addition, in second quarter 2012, interest rate reductions and updated expectations of policyholder behavior and model assumptions and refinements significantly increased projected GMDB and GMIB costs, which under the U.S. GAAP GMDB and GMIB reserving methodology is only partially reflected in the current reserve balance. The resulting reduction in projected estimated gross profits resulted in $246 million of additional amortization to reduce the DAC related to variable annuity products, as the DAC would have been in excess of the present value of estimated future profits.

After the initial establishment of reserves, premium deficiency and loss recognition tests are performed using best estimate assumptions as of the testing date without provisions for adverse deviation. When the liabilities for future policy benefits plus the present value of expected future gross premiums for the aggregate product group are insufficient to provide for expected future policy benefits and expenses for that line of business (i.e., reserves net of any DAC asset), DAC would first be written off and thereafter, if required, a premium deficiency reserve would be established by a charge to earnings.

In accordance with the guidance for the accounting and reporting by insurance enterprises for certain long-duration contracts and participating contracts and for realized gains and losses from the sale of investments, current and expected future profit margins for products covered by this guidance are examined regularly in determining the amortization of DAC. Due primarily to the significant decline in Separate Accounts balances during 2008 and a change in the estimate of average gross short-term annual return on Separate Accounts balances to 9.0%, future estimated gross profits at December 31, 2008 for certain issue years for the Accumulator^® products were expected to be negative as the increases in the fair values of derivatives used to hedge certain risks related to these products would be recognized in current earnings while the related reserves do not fully and immediately reflect the impact of equity and interest market fluctuations. As required under U.S. GAAP, for those issue years with future estimated negative gross profits, the DAC amortization method was permanently changed in fourth quarter 2008 from one based on estimated gross profits to one based on estimated assessments for the Accumulator^® products, subject to loss recognition testing. In second quarter 2011, the DAC amortization method was changed to one based on estimated account balances for all issue years for the Accumulator^® products due to continued volatility of margins and the continued emergence of periods of negative margins.

DAC associated with universal life products and investment-type products, other than Accumulator^® products is amortized over the expected total life of the contract group as a constant percentage of estimated gross profits arising principally from investment results, Separate Account fees, mortality and expense margins and surrender charges based on historical and anticipated future experience, updated at the end of each accounting period. When estimated gross profits are expected to be negative for multiple years of a contract life, DAC is amortized using the present value of estimated assessments. The effect on the amortization of DAC of revisions to estimated gross profits or assessments is reflected in earnings (loss) in the period such estimated gross profits or assessments are revised. A decrease in expected gross profits or assessments would accelerate DAC amortization. Conversely, an increase in expected gross profits or assessments would slow DAC amortization. The effect on the DAC assets that would result from realization of unrealized gains (losses) is recognized with an offset to AOCI in consolidated equity as of the balance sheet date.

A significant assumption in the amortization of DAC on variable annuities and, to a lesser extent, on variable and interest-sensitive life insurance relates to projected future Separate Account performance. Management sets estimated future gross profit or assessment assumptions related to Separate Account performance using a long-term view of expected average market returns by applying a reversion to the mean approach, a commonly used industry practice. This future return approach influences the projection of fees earned, as well as other sources of estimated gross profits. Returns that are higher than expectations for a given period produce higher than expected account balances, increase the fees earned resulting in higher expected future gross profits and lower DAC amortization for the period. The opposite occurs when returns are lower than expected.

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In applying this approach to develop estimates of future returns, it is assumed that the market will return to an average gross long-term return estimate, developed with reference to historical long-term equity market performance. Currently, the average gross long-term return estimate is measured from December 31, 2008. Management has set limitations as to maximum and minimum future rate of return assumptions, as well as a limitation on the duration of use of these maximum or minimum rates of return. At June 30, 2012, the average gross short-term and long-term annual return estimate on variable and interest-sensitive life insurance and variable annuities was 9.0% (6.71% net of product weighted average Separate Account fees), and the gross maximum and minimum short-term annual rate of return limitations were 15.0% (12.71% net of product weighted average Separate Account fees) and 0.0% (-2.29% net of product weighted average Separate Account fees), respectively. The maximum duration over which these rate limitations may be applied is 5 years. This approach will continue to be applied in future periods. These assumptions of long-term growth are subject to assessment of the reasonableness of resulting estimates of future return assumptions.

If actual market returns continue at levels that would result in assuming future market returns of 15.0% for more than 5 years in order to reach the average gross long-term return estimate, the application of the 5 year maximum duration limitation would result in an acceleration of DAC amortization. Conversely, actual market returns resulting in assumed future market returns of 0.0% for more than 5 years would result in a required deceleration of DAC amortization. At June 30, 2012, current projections of future average gross market returns assume a 0.0% annualized return for the next two quarters, which is within the maximum and minimum limitations, grading to a reversion to the mean of 9.0% in seven quarters. To demonstrate the sensitivity of variable annuity reserves and DAC amortization from a change in the assumption for future Separate Account rate of return see “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Estimates – Sensitivity of Future Rate of Return Assumptions on GMDB/GMIB Reserves and Sensitivity of DAC to Changes in Future Rate of Return Assumptions” in the Company’s 2011 Form 10-K.

Other significant assumptions underlying gross profit estimates for UL products and investment type products relate to contract persistency and General Account investment spread.

DAC capitalization totaled $192 million in second quarter 2012, an increase of $15 million from the $177 million reported in second quarter 2011. The increase was primarily due to a $21 million increase in first year commissions, partially offset by a $6 million decrease in deferrable operating expenses.

Other operating costs and expenses totaled $70 million in second quarter 2012, a decrease of $170 million from the $240 million reported in second quarter 2011. The decrease of $170 million is primarily related to a $135 million decrease in the amortization of reinsurance costs related to the deferred asset recorded from the Company’s reinsurance transaction with AXA Arizona, a $19 million decrease in severance costs and a $9 million decrease in fees paid to AXA Tech, an affiliate.

Six Months ended June 30, 2012 Compared to Six Months Ended June 30, 2011

Revenues

In the first six months of 2012, the Insurance segment’s revenues increased $970 million to $4.2 billion from $3.2 million in the first six months of 2011. The increase was principally due to an increase in the fair value of reinsurance contracts accounted for as derivatives of $1.1 billion as compared to a decrease of $239 million in the first six months of 2011, and by $60 million lower investment loss from derivatives ($28 million in the first six months of 2012 as compared to a loss of $88 million in the first six months of 2011) partially offset by $64 million lower policy fee income and by $38 million higher investment losses, net.

Policy fee income totaled $1.6 billion in the first six months of 2012, $64 million lower than the $1.7 billion in the first six months of 2011. This decrease was primarily due to a lower decrease in the initial fee liability (the first six months of 2011 included an increase in policy fee income resulting from the projection of lower future costs of insurance charges (more than offset in the first six months of 2011 DAC amortization) and lower fees earned on lower average Separate Account balances due primarily to market depreciation during the last six months of 2011.

Net investment income (loss) increased $34 million to $1.1 billion of income in the first six months of 2012 from $1.1 billion of income in the first six months of 2011. The increase resulted from the $60 million decrease in investment loss from derivative instruments offset by the $26 million decrease in other investment income. The Insurance segment reported $28 million of losses from derivative instruments including those related to hedging programs implemented to mitigate certain risks associated with the GMDB/GMIB/GWBL features of certain variable annuity contracts as compared to a loss of $88

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million in the first six months of 2011. Both periods losses were driven by the impact of lower interest rates and volatility in equity markets. Other investment income decreased $26 million to $1.1 billion in the first six months of 2012 primarily due to the decrease of $35 million of equity income from limited partnerships partially offset by $12 million increase in income from mortgage loans on real estate.

Investment losses, net totaled $65 million in the first six months of 2012, as compared to $27 million in the first six months of 2011. The Insurance segment’s net losses in the first six months of 2012 were primarily due to writedowns on fixed maturities of $52 million as compared to $22 million of writedowns in the 2011 period, substantially all of which related to CMBS securities, $13 million of additions to valuation allowances for mortgage loans on real estate ($23 million in the first six months of 2012 as compared to $10 million in the comparable 2011 period) and $6 million of losses on sales of fixed maturities in the first six months of 2012 as compared to $5 million of gains on sales of fixed maturities in the 2011 period partially offset by $15 million from gains on sales and maturities for mortgage loans on real estate in the first six months of 2012.

In the first six months of 2012, there was an $834 million increase in the fair value of the GMIB reinsurance contract asset (including the reinsurance contract with AXA Arizona), which is accounted for as derivatives, as compared to the $239 million decrease in their fair value in the comparable 2011 period; both periods’ changes reflected existing capital market conditions. The increase in the first six months of 2012 included the impact of the updated assumptions of partial withdrawal rates partially offset by the impacts of the updated assumptions of GMIB election rates which were lowered for certain ages and the updated projection of future interest rates used to value GMIB claims at the time of GMIB election for a total increase of $375 million. Additionally, the impact of the continuing decline in interest rates during the first six months of 2012 increased the fair value of the GMIB reinsurance contract asset by $801 million.

Benefits and Other Deductions

In the first six months of 2012, total benefits and other deductions increased $27 million to $3.1 billion from $3.1 billion in the first six months of 2011 principally due to the Insurance segment’s reported $225 million increase in policyholders’ benefits, $86 million increase in commission expense and the $73 million increase in interest credited to policyholders’ account balances partially offset by the $231 million decrease in other operating costs and expenses, the $51 million decrease in DAC amortization and the $40 million increase in DAC capitalization.

Policyholders’ benefits increased $225 million to $1.4 billion in the first six months of 2012 from $1.2 billion in the first six months of 2011. The increase was primarily due to the $116 million increase in benefits paid in the first six months of 2012, the $66 million increase in the GWBL and GMAB reserves ($64 million increase in the first six months of 2012 as compared to $2 million decrease in the first six months of 2011 due to market changes) and the $48 million increase in the GMDB/GMIB reserves (an increase of $212 million in the first six months of 2012 as compared to $164 million in the first six months of 2011). The first six months 2012 increase in the GMDB/GMIB reserves were reduced by the impacts of the expectation of GMIB election rates, which were lowered for certain ages based on emerging experience and the updated projection of future interest rates used to value GMIB claims at the time of GMIB election partially offset by the impact of the updated assumptions of partial withdrawal rates based on emerging experience for a total decrease of $61 million.

In the first six months of 2012, interest credited to policyholders’ account balances totaled $566 million, an increase of $73 million from the $493 million reported in the first six months of 2011 primarily due to higher average policyholders’ account balances partially offset by lower crediting rates.

Total compensation and benefits decreased $27 million to $234 million in the first six months of 2012 from $261 million in the first six months of 2011. The compensation and benefits decrease for the Insurance segment was principally due to a $22 million decrease in postretirement and other benefit expenses and a $7 million decrease in salary expenses, both of which resulted from Management’s 2011 expense reduction initiatives, partially offset by a $2 million increase in share-based compensation expense.

In the first six months of 2012, commissions totaled $651 million; an increase of $86 million from $565 million in the first six months of 2011 principally due to higher asset based compensation reflecting higher asset values and increased variable annuity and universal life product sales.

DAC amortization was $328 million in the first six months of 2012, a decrease of $51 million from $379 million of amortization in the first six months of 2011. In the second half of 2011, equity market declines and particularly interest rate reductions significantly increased projected GMDB and GMIB costs, which under the U.S. GAAP GMDB and GMIB reserving methodology is only partially reflected in the current reserve balance. The resulting reduction in projected estimated gross profits resulted in $3.2 billion of additional amortization to reduce the DAC related to variable annuity

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products as the DAC would have been in excess of the present value of estimated future profits, which lead to lower baseline amortization in the first six months of 2012 as compared to the first six months of 2011. In addition, in the first six months of 2012, interest rate reductions and updated expectations of policyholder behavior and model assumptions and refinements significantly increased projected GMDB and GMIB costs, which under the U.S. GAAP GMDB and GMIB reserving methodology is only partially reflected in the current reserve balance. The resulting reduction in projected estimated gross profits resulted in $246 million of additional amortization to reduce the DAC related to variable annuity products, as the DAC would have been in excess of the present value of estimated future profits.

In the first six months of 2012, DAC amortization on variable and interest-sensitive life products was reduced due to a favorable change in expected future margins (partially offset in the initial fee liability), whereas in the first six months of 2011, amortization increased primarily due to the projection of lower future cost of insurance charges and higher baseline amortization partially offset by the expectation of higher future margins in later policy years from variable and interest sensitive life products. The first six months of 2011 had negative amortization for the Accumulator product due to hedge losses from positive market performance.

DAC capitalization totaled $375 million in the first six months of 2012, an increase of $40 million from the $335 million reported in the first six months of 2011. The increase was primarily due to a $55 million increase in first year commissions, partially offset by a $15 million decrease in deferrable operating expenses.

Other operating costs and expenses totaled $266 million in the first six months of 2012, a decrease of $231 million from the $497 million reported in the first six months of 2011. The decrease of $231 million is primarily related to a $201 million decrease in the amortization of reinsurance costs related to the deferred asset recorded from the Company’s reinsurance transaction with AXA Arizona, a $12 million decrease in telephone and postage, advertising and consulting expenses, a $10 million decrease in severance costs and a $5 million decrease in fees paid to AXA Tech, an affiliate.

Premiums and Deposits.

The market for annuity and life insurance products of the types issued by the Company continues to be dynamic as the global economy and capital markets slowly recover from the significant stress experienced in recent years. Among other things:

• features and pricing of various products, including but not limited to variable annuity products, continue to change rapidly, in response to changing customer preferences, company risk appetites, capital utilization and other factors, and

• the Company, has eliminated and/or limited sales of certain annuity and life insurance products or features, including guarantee features and/or Separate Account investment options. Additionally in 2012, as part of the Company’s continuing efforts to manage the risk associated with the in-force variable annuity business with guarantee features, the Company suspended the acceptance of future contributions into certain Accumulator^® contracts issued prior to June 2009 and has taken steps to limit and/or suspend the acceptance of contributions to other annuity products.

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The following table lists sales for major insurance product lines and mutual funds for second quarter and the first six months of 2012 and 2011. Premiums and deposits are presented net of internal conversions and are presented gross of reinsurance ceded.

Premiums, Deposits and Mutual Fund Sales

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
	(In Millions)
Retail:
Annuities
First year	$	959	$	850	$	1,792	$	1,616
Renewal		547		593		1,234		1,182
		1,506		1,443		3,026		2,798
Life(1)
First year		61		62		120		128
Renewal		437		437		883		880
		498		499		1,003		1,008
Other(2)
First year		3		4		6		6
Renewal		53		53		118		115
		56		57		124		121
Total retail		2,060		1,999		4,153		3,927
Wholesale:
Annuities
First year		714		404		1,283		769
Renewal		32		99		282		209
		746		503		1,565		978
Life(1)
First year		56		47		104		86
Renewal		135		125		269		244
		191		172		373		330
Total wholesale		937		675		1,938		1,308
Total Premiums and Deposits	$	2,997	$	2,674	$	6,091	$	5,235

⁽¹⁾  Includes variable, interest-sensitive and traditional life products.

⁽²⁾  Includes reinsurance assumed and health insurance.

Total premiums and deposits for insurance and annuity products for the second quarter of 2012 were $3.0 billion, a $273 million increase from $2.7 billion in the second quarter of 2011 while total first year premiums and deposits increased $426 million to $1.8 billion in the second quarter of 2012 from $1.4 billion in the second quarter of 2011 partially due to sales of recently introduced insurance products. The annuity line’s first year premiums and deposits increased $419 million to $1.7 billion principally due to the $428 million increase in variable annuities’ sales ($312 million in the wholesale and $116 million in the retail channel) partially offset by lower sales of fixed annuity premiums of $9 million. First year premiums and deposits for the life insurance products increased $8 million, primarily due to the $13 million increase in sales of UL insurance products in the wholesale channel partially offset by a $4 million decrease in sales of UL insurance products in the retail channel and a $1 million decrease in first year term life insurance sales in the wholesale and retail channels.

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Total premiums and deposits for insurance and annuity products for the first six months of 2012 were $6.1 billion, a $806 million increase from $5.2 billion in the first six months of 2011 while total first year premiums and deposits increased $700 million to $3.3 billion in the first six months of 2012 from $2.6 billion in the first six months of 2011 partially due to sales of recently introduced insurance products. The annuity line’s first year premiums and deposits increased $690 million to $3.1 billion principally due to the $708 million increase in variable annuities’ sales ($515 million in the wholesale and $193 million in the retail channel) partially offset by lower sales of fixed annuity premiums of $18 million. First year premiums and deposits for the life insurance products increased $10 million, primarily due to the $24 million increase in sales of UL insurance products in the wholesale channel partially offset by a $12 million decrease in sales of UL insurance products in the retail channel and a $2 million decrease in first year term life insurance sales in the wholesale and retail channels. Based on limited experience to date, renewal premiums on 2011 sales of certain series of UL products are lower than the Company’s current assumptions. If renewal premium rates continue to negatively differ from the Company’s current assumptions, it will result in lower future product policy fee income for that business.

Surrenders and Withdrawals.

The following table presents surrender and withdrawal amounts and rates for major insurance product lines. Annuity surrenders and withdrawals are presented net of internal replacements.

Surrenders and Withdrawals

	Three Months Ended June 30,				Six Months Ended June 30,				Rates(1) Six Months Ended June 30,
	2012		2011		2012		2011		2012			2011
	(Dollars in Millions)
Annuities	$	1,389	$	1,572	$	2,916	$	3,169		6.1	%		6.4	%
Variable and interest-sensitive life		191		198		470		407		4.9	%		4.2	%
Traditional life		56		57		126		130		3.2	%		3.2	%
Total	$	1,636	$	1,827	$	3,512	$	3,706

⁽¹⁾  Surrender rates are based on the average surrenderable future policy benefits and/or policyholders’ account balances for the related policies and contracts in force during each year.

Surrenders and withdrawals decreased $191 million, from $1.8 billion in the second quarter of 2011 to $1.6 billion for the second quarter of 2012. There were decreases of $183 million, $7 million and $1 million, respectively, in individual annuities, variable and interest sensitive and traditional life products.

Surrenders and withdrawals decreased $194 million, from $3.7 billion in the first six months of 2011 to $3.5 billion for the first six months of 2012. There were decreases of $253 million and $4 million, respectively, in individual annuities and traditional life product surrenders and withdrawals with an increase of $63 million reported for variable and interest sensitive products. The annualized annuities surrender rate decreased to 6.1% in the first six months of 2012 from 6.4% in the first six months of 2011. In 2012, expectations of partial withdrawal rates for variable annuities with GMDB and GMIB guarantees were updated based upon emerging experience. In 2011, expectations of long-term surrender rates for variable annuities with GMDB and GMIB guarantees were lowered at certain policy durations based upon emerging experience. If current lower surrender rates further decline and/or partial withdrawal rates and amounts continue to negatively differ from our current assumptions, the expected claims costs from minimum guarantees will increase, possibly materially, which would be partially offset by increased product policy fee income. The individual life insurance products’ annualized surrender rate increased to 4.4% in the first six months of 2012 from 3.9% in the first six months of 2011. The first six months of 2012 surrender rate included the impact of the surrender of a single large company owned life insurance (“COLI”) policy.

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Investment Management.

The table that follows presents the operating results of the Investment Management segment, consisting principally of AllianceBernstein’s operations, for the second quarter and first six months of 2012 and 2011.

Investment Management - Results of Operations

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Revenues:
Investment advisory and services fees(1)	$	425		$	508		$	853		$	1,023
Bernstein research services		103			107			209			227
Distribution revenues		95			92			184			181
Other revenues(1)		26			31			50			57
Commissions, fees and other income		649			738			1,296			1,488
Investment income (loss)		(6	)		(8	)		28			1
Less: interest expense to finance trading activities		(1	)		(1	)		(2	)		(2	)
Net investment income (loss)		(7	)		(9	)		26			(1	)
Investment gains (losses), net		4			—			4			(3	)
Total revenues		646			729			1,326			1,484
Expenses:
Compensation and benefits		281			348			587			709
Distribution related payments		86			78			166			153
Amortization of deferred sales commissions		10			10			18			20
Real estate charge		7			—			16			—
Interest expense		1			—			1			—
Rent expense		49			47			100			93
Amortization of other intangible assets, net		6			6			12			12
Other operating costs and expenses		126			141			247			277
Total expenses		566			630			1,147			1,264
Earnings (Loss) from Operations before Income Taxes	$	80		$	99		$	179		$	220

⁽¹⁾  Included fees earned by AllianceBernstein totaling $9 million, $17 million, $7 million and $15 million in second quarter and first six months of 2012 and 2011, respectively, for services provided to the Company.

Three Months Ended June 30, 2012 Compared to Three Months Ended June 30, 2011

Revenues

The Investment Management segment’s pre-tax earnings from continuing operations for second quarter 2012 were $80 million, a decrease of $19 million from pre-tax earnings of $99 million in second quarter 2011.

Revenues totaled $646 million in second quarter 2012, a decrease of $83 million from $729 million in second quarter 2011, primarily due to lower investment advisory and service fees and lower Bernstein research services revenues.

Investment advisory and services fees include base fees and performance fees. In second quarter 2012, investment advisory and services fees totaled $425 million, a decrease of $83 million from the $508 million in second quarter 2011. The $83

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million decrease in base investment advisory and services fees was primarily due to the decrease in average assets under management. Institutional investment and advisory base and performance fees decreased $55 million due to a decrease in average assets under management as well as a continued significant shift in product mix from equities to fixed income products. There were decreases of $24 million and $4 million, respectively, in Private Client and Retail base fees.

Bernstein research revenues decreased $4 million in second quarter 2012 as compared to prior year primarily due to lower trading volumes in the United States, Europe and Asia.

Net investment income (loss) consisted principally of realized and unrealized gains (losses) on trading investments, income (losses) from derivative instruments and dividend and interest income, offset by interest expense related to interest accrued on cash balances on customers’ brokerage accounts. The $2 million decrease in net investment income (loss) to a loss of $7 million in second quarter 2012 as compared to a loss of $9 million in second quarter 2011 was primarily due to an increase of $9 million of investment income from derivative instruments ($7 million of income in second quarter 2012 as compared to $2 million of losses in second quarter 2011) partially offset by $7 million lower investment income on seed money investments and unrealized gains on equity trading securities ($9 million of losses in second quarter 2012 as compared to $2 million of losses in second quarter 2011).

Expenses

The Investment Management segment’s total expenses were $566 million in second quarter 2012, a decrease of $64 million from the $630 million in second quarter 2011 as lower compensation and benefits and lower other operating costs and expenses were partially offset by higher distribution related payments.

For second quarter 2012, employee compensation and benefits expenses for the segment were $281 million as compared to $348 million in second quarter 2011. The $67 million decrease was primarily attributable to decreases in incentive compensation expense (including long-term deferred compensation) of $36 million, salary and other employment costs of $23 million and commission expense of $5 million.

The distribution related payments increased $8 million to $86 million in second quarter 2012 from $78 million in the prior year primarily as a result of higher average Retail Services assets under management.

The $8 million decrease in other operating costs and expenses to $133 million for second quarter 2012 as compared to $141 million in second quarter 2011 was primarily due to a $5 million decrease in travel and entertainment expenses, $4 million lower technology expenses, and $3 million lower transfer fees partially offset by $2 million higher portfolio service expenses.

Six Months Ended June 30, 2012 Compared to Six Months Ended June 30, 2011

Revenues

The Investment Management segment’s pre-tax earnings from continuing operations for the first six months of 2012 were $179 million, a decrease of $41 million from pre-tax earnings of $220 million in the first six months of 2011.

Revenues totaled $1.3 billion in the first six months of 2012, a decrease of $158 million from $1.5 billion in the first six months of 2011, primarily due to lower investment advisory and service fees and lower Bernstein research services revenues partially offset by higher net investment income.

Investment advisory and services fees include base fees and performance fees. In the first six months of 2012, investment advisory and services fees totaled $853 million, a decrease of $170 million from the $1.0 billion in the first six months of 2011. The $170 million decrease in base investment advisory and services fees was primarily due to the decrease in average assets under management. Institutional investment and advisory base and performance fees decreased $111 million due to a decrease in average assets under management as well as a continued significant shift in product mix from equities to fixed income products. There were decreases of $48 million and $11 million, respectively, in Private Client and Retail base fees.

Bernstein research revenues decreased $18 million in the first six months of 2012 as compared to prior year primarily due to lower trading volumes in the United States, Europe and Asia.

Net investment income (loss) consisted principally of realized and unrealized gains (losses) on trading investments, income (losses) from derivative instruments and dividend and interest income, offset by interest expense related to interest accrued on cash balances on customers’ brokerage accounts. The $27 million increase in net investment income to $26 million in the first six months of 2012 as compared to a loss of $1million in the first six months of 2011 was primarily due to $24 million

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higher investment income from mark-to-market income on investments held by AllianceBernstein’s consolidated private equity fund ($8 million in the first six months of 2012 as compared to $16 million of investment losses in the first six months of 2011) and $15 million higher investment income on seed money investments and unrealized gains on equity trading securities ($17 million of income in the first six months of 2012 as compared to $2 million in the first six months of 2011). Partially offsetting this income were an increase of $11 million of investment losses from derivative instruments ($14 million of losses in the first six months of 2012 as compared to $3 million of losses in the first six months of 2011).

Expenses

The Investment Management segment’s total expenses were $1.1 billion in the first six months of 2012, a decrease of $117 million from the $1.3 billion in the first six months of 2011 as lower compensation and benefits and lower other operating costs and expenses were partially offset by higher distribution related payments.

For the first six months of 2012, employee compensation and benefits expenses for the segment were $587 million as compared to $709 million in the first six months of 2011. The $122 million decrease was primarily attributable to decreases in incentive compensation expense (including long-term deferred compensation) of $78 million, salary and other employment costs of $34 million and commission expense of $10 million.

The distribution related payments increased $13 million to $166 million in the first six months of 2012 from $153 million in the prior period primarily as a result of higher average Retail Services assets under management.

The $14 million decrease in other operating costs and expenses to $263 million for the first six months of 2012 as compared to $277 million in the first six months of 2011 was primarily due to $6 million lower technology expenses, $6 million lower travel and entertainment expenses and $6 million lower transfer fees partially offset by $4 million higher portfolio service expenses.

AllianceBernstein recently completed a comprehensive review of AllianceBernstein’s worldwide office locations and will begin implementing a space consolidation plan during the third quarter of 2012. AllianceBernstein expects that the actions will result over time in projected non-cash real estate charges of $225 million to $250 million, with the bulk of the charges occurring in the second half of 2012. These charges are in addition to the earlier non-cash real estate charges AllianceBernstein had recorded, and they will not affect AllianceBernstein’s future quarterly distributions. AllianceBernstein expects, once all the vacated space has been successfully subleased, to ultimately realize annual cost savings of $38 million to $43 million. These projections are based on current market conditions and could change over time as conditions evolve.

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FEES AND ASSETS UNDER MANAGEMENT

A breakdown of fees and AUM follows:

Fees and Assets Under Management

	Three Months Ended June 30,				At or For the Six  Months Ended June 30,
	2012		2011		2012		2011
	(In Millions)
FEES
Third party	$	411	$	495	$	823	$	992
General Account and other		9		6		18		17
Insurance Group Separate Accounts		6		7		12		14
Total Fees	$	426	$	508	$	853	$	1,023
ASSETS UNDER MANAGEMENT
Assets by Manager
AllianceBernstein
Third party					$	343,988	$	398,659
General Account and other						40,979		36,904
Insurance Group Separate Accounts						22,310		25,465
Total AllianceBernstein						407,277		461,028
Insurance Group
General Account and other(2)						19,469		15,992
Insurance Group Separate Accounts						69,793		69,475
Total Insurance Group						89,262		85,467
Total by Account:
Third party(1)						343,988		398,659
General Account and other(2)						60,448		52,896
Insurance Group Separate Accounts						92,103		94,940
Total Assets Under Management					$	496,539	$	546,495

⁽¹⁾  Includes $31.9 billion and $31.5 billion of assets managed on behalf of AXA affiliates at June 30, 2012 and 2011, respectively. Third party AUM includes 100% of the estimated fair value of real estate owned by joint ventures in which third party clients own an interest.

⁽²⁾  Includes invested assets of the Company not managed by AllianceBernstein, principally cash and short-term investments and policy loans, totaling approximately $14.4 billion and $11.5 billion at June 30, 2012 and 2011, respectively, as well as mortgages and equity real estate totaling $5.1 billion and $4.5 billion at June 30, 2012 and 2011, respectively.

Fees for assets under management decreased 16.6% the first six months of 2012 from the comparable prior period, in line with the change in average assets under management for third parties and the Separate Accounts.

Total assets under management decreased $50.0 billion, primarily due to lower Third Party and Insurance Group Separate Accounts assets under management partially offset by higher General Account AUM. The $57.5 billion decrease in Third Party and Insurance Group Separate Account assets under management at June 30, 2012 as compared to June 30, 2011 resulted from decreases in EQAT’s, VIP’s and other Separate Accounts’ AUM due to market depreciation and outflows at AllianceBernstein. General Account and other assets under management increased $7.5 billion from the first six months of 2011 primarily due to market appreciation and net inflows.

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AllianceBernstein assets under management at June 30, 2012 totaled $407.3 billion as compared to $461.0 billion at June 30, 2011 due to net outflows of $43.6 billion and $10.3 million of market depreciation partially offset by $200 million of acquisitions. The gross outflows of $51.5 billion, $41.4 billion and $13.3 billion in Institutional Investment, Retail and Private Client channels, respectively, more than offset the inflows of $17.8 billion, $39.1 billion and $5.7 billion, respectively. At June 30, 2012, non-US clients accounted for 34.0% of the total AUM.

AllianceBernstein also classifies its assets under management by its four investment services categories: Value Equity, Growth Equity, Fixed Income and Other. There was a $51.8 billion decrease in Value Equity to $69.6 billion at June 30, 2012, as compared to June 30, 2011, as the $6 billion of new investments were more than offset by the $42.8 billion of net long-term outflows and $15 billion of market depreciation. Growth Equity assets under management totaled $38.7 billion, $23.9 billion lower than its June 30, 2011 balance due to $24.5 billion in net outflows and $4.4 billion in market depreciation that were partially offset by $5 billion of new investments. AUM in Fixed Income products increased $14.6 billion to $230.4 billion between June 30, 2011 and June 30, 2012 as $41.5 billion in new investments, $7.9 billion in market appreciation and $200 million of acquisitions were partially offset by $35.0 billion in net outflows. The $7.4 billion increase in Other assets under management to $68.6 billion resulted from $10.1 billion in new investments and $1.2 billion in market appreciation being partially offset by $3.9 billion in net outflows. AllianceBernstein may experience periods when the number of new accounts or the amount of AUM increases or decreases significantly. Contributing factors impacting changes in AUM include financial market conditions, AllianceBernstein’s investment performance for clients, the experience of the portfolio manager, the client’s overall relationship with AllianceBernstein, recommendations of consultants, and changes in clients’ investment preferences, risk tolerances and liquidity needs.

Average assets under management totaled $411.1 billion for June 30, 2012 as compared to $474.0 billion for June 30, 2011. The respective decreases for Institutional, Private Client and Retail channels were $46.3 billion, $9.2 billion and $7.4 billion while the average AUM decreases for the Value Equity and Growth Equity services were $57.0 billion and $27.3 billion offset by increases in the Fixed Income and Other categories of $13.5 billion and $7.9 billion.

AllianceBernstein’s U.S and global large cap equity services underperformed their benchmarks for the three-month period ending June 30, 2012. AllianceBernstein’s fixed income services for the three-month period ended June30, 2012 generally outperformed their benchmarks despite weak global markets and a spike in risk aversion.

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GENERAL ACCOUNTS INVESTMENT PORTFOLIO

The General Account Investment Assets (“GAIA”) portfolio consists of a well-diversified portfolio of public and private fixed maturities, commercial and agricultural mortgages and other loans, equity securities and other invested assets.

The General Accounts’ portfolios and investment results support the insurance and annuity liabilities of the Insurance segment’s business operations. The following table reconciles the consolidated balance sheet asset amounts to GAIA.

General Account Investment Assets

June 30, 2012

	Balance Sheet Total			Other(1)			GAIA
	(In Millions)
Balance Sheet Captions:
Fixed maturities, available for sale, at fair value	$	33,011		$	1,526		$	31,485
Mortgage loans on real estate		4,633			(376	)		5,009
Equity real estate, held for the production of income		104			1			103
Policy Loans		3,526			(104	)		3,630
Other equity investments		1,708			266			1,442
Trading securities		1,527			494			1,033
Other invested assets		2,265			2,143			122
Total investments		46,774			3,950			42,824
Cash and cash equivalents		3,614			2,258			1,356
Short-term and long-term debt and Loans from affiliates		(1,801	)		(267	)		(1,534	)
Total	$	48,587		$	5,941		$	42,646

⁽¹⁾  Assets listed in the “Other” category principally consist of the Company’s loans to affiliates and other miscellaneous assets and loans from affiliates and other miscellaneous liabilities related to GAIA that are reclassified from various balance sheet lines held in portfolios other than the General Account which are not managed as part of GAIA, including related accrued income or expense, certain reclassifications and intercompany adjustments and, for fixed maturities, the reversal of net unrealized gains (losses). The “Other” category is deducted in arriving at GAIA.

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Investment Results of General Account Investment Assets

The following table summarizes investment results by asset category for the periods indicated.

	Three Months Ended June 30,
	2012						2011
	Yield			Amount			Yield			Amount
	(Dollars in Millions)
Fixed Maturities:
Investment grade
Income (loss)		4.79	%	$	348			5.19	%	$	349
Ending assets					29,167						27,170
Below investment grade
Income		6.82	%		40			6.72	%		38
Ending assets					2,318						2,226
Mortgages:
Income (loss)		6.02	%		73			6.33	%		66
Ending assets					5,009						4,364
Equity Real Estate:
Income (loss)		16.90	%		4			20.02	%		6
Ending assets					103						97
Other Equity Investments:
Income (loss)		12.49	%		45			15.26	%		55
Ending assets					1,442						1,473
Policy Loans:
Income		6.13	%		56			6.22	%		57
Ending assets					3,630						3,675
Cash and Short-term Investments:
Income		0.55	%		1			0.29	%		1
Ending assets					1,356						952
Trading Securities:
Income		2.43	%		5			—	%		—
Ending assets					1,033						—
Other Invested Assets:
Income					(16	)					—
Ending assets					122						13
Total Invested Assets:
Income		4.91	%		556			5.79	%		572
Ending Assets					44,180						39,970
Short-term and long-term debt:
Interest expense and other		6.84	%		(26	)		6.86	%		(27	)
Ending assets (liabilities)					(1,534	)					(1,534	)
Total:
Investment income		4.94	%		530			5.73	%		545
Less: investment fees		(0.12	)%		(13	)		(0.13	)%		(13	)
Investment Income, Net		4.82	%	$	517			5.60	%	$	532
Ending Net Assets				$	42,646					$	38,436

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	Six Months Ended June 30,												Year Ended December 31, 2011
	2012						2011
	Yield			Amount			Yield			Amount
	(Dollars in Millions)
Fixed Maturities:
Investment grade
Income (loss)		4.80	%	$	700			5.15	%	$	691		$	1,387
Ending assets					29,167						27,170			28,948
Below investment grade
Income		6.70	%		76			7.53	%		86			166
Ending assets					2,318						2,226			2,206
Mortgages:
Income (loss)		6.05	%		144			6.46	%		132			273
Ending assets					5,009						4,364			4,658
Equity Real Estate:
Income (loss)		17.61	%		9			17.42	%		12			18
Ending assets					103						97			98
Other Equity Investments:
Income (loss)		14.94	%		108			20.56	%		146			154
Ending assets					1,442						1,473			1,433
Policy Loans:
Income		6.12	%		111			6.18	%		114			229
Ending assets					3,630						3,675			3,656
Cash and Short-term Investments:
Income		0.60	%		5			0.64	%		4			4
Ending assets					1,356						952			1,044
Trading Securities:
Income		1.19	%		4			—	%		—			8
Ending assets					1,033						—			472
Other Invested Assets:
Income					35						2			2
Ending assets					122						13			11
Total Invested Assets:
Income		5.11	%		1,192			6.01	%		1,187			2,241
Ending Assets					44,180						39,970			42,526
Debt and Other:
Interest expense and other		6.85	%		(53	)		6.85	%		(53	)		(106	)
Ending assets (liabilities)					(1,534	)					(1,534	)		(1,534	)
Total:
Investment Income		5.39	%		1,139			5.97	%		1,134			2,135
Less: investment fees		(0.12	)%		(25	)		(0.13	)%		(24	)		(52	)
Investment Income, Net		5.27	%	$	1,114			5.84	%	$	1,110		$	2,083
Ending Net Assets				$	42,646					$	38,436		$	40,992

Fixed Maturities

The fixed maturity portfolio consists largely of investment grade corporate debt securities and includes significant amounts of US government and agency obligations. At June 30, 2012, 74.1% of the fixed maturity portfolio was publicly traded. At June 30, 2012, GAIA held commercial mortgage backed securities (“CMBS”) with an amortized cost of $1.2 billion. The General Account had a $2 million exposure to the sovereign debt of Italy, the General Account had no exposure to the sovereign debt of Greece, Portugal, Spain and the Republic of Ireland. The total exposure to Eurozone sovereign debt was $2 million at June 30, 2012.

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Fixed Maturities by Industry

The General Accounts’ fixed maturities portfolios include publicly-traded and privately-placed corporate debt securities across an array of industry categories.

The following table sets forth these fixed maturities by industry category as of the dates indicated along with their associated gross unrealized gains and losses.

Fixed Maturities by Industry⁽¹⁾

	Amortized     Cost		Gross      Unrealized     Gains		Gross      Unrealized     Losses		Fair Value
	(In Millions)
At June 30, 2012:
Corporate Securities:
Finance	$	6,431	$	374	$	21	$	6,784
Manufacturing		5,556		627		13		6,170
Utilities		3,248		390		22		3,616
Services		2,982		313		12		3,283
Energy		1,314		168		—		1,482
Retail and wholesale		1,049		101		2		1,148
Transportation		713		92		2		803
Other		31		3		—		34
Total corporate securities		21,324		2,068		72		23,320
U.S. government and agency		4,578		546		5		5,119
Commercial mortgage-backed		1,231		10		335		906
Residential mortgage-backed(2)		1,712		87		—		1,799
Preferred stock		1,187		46		61		1,172
State & municipal		448		79		1		526
Foreign governments		451		71		—		522
Asset-backed securities		223		11		8		226
Total	$	31,154	$	2,918	$	482	$	33,590
At December 31, 2011:
Corporate Securities:
Finance	$	6,738	$	270	$	87	$	6,921
Manufacturing		5,605		561		22		6,144
Utilities		3,415		375		20		3,770
Services		3,069		280		10		3,339
Energy		1,321		159		—		1,480
Retail and wholesale		1,101		96		1		1,196
Transportation		766		91		6		851
Other		33		3		—		36
Total corporate securities		22,048		1,835		146		23,737
U.S. government and agency		3,580		352		3		3,929
Commercial mortgage-backed		1,306		7		411		902
Residential mortgage-backed(2)		1,555		89		—		1,644
Preferred stock		1,106		38		114		1,030
State & municipal		478		64		2		540
Foreign governments		461		65		1		525
Asset-backed securities		260		14		10		264
Total	$	30,794	$	2,464	$	687	$	32,571

⁽¹⁾  Investment data has been classified based on standard industry categorizations for domestic public holdings and similar classifications by industry for all other holdings.

⁽²⁾  Includes publicly traded agency pass-through securities and collateralized mortgage obligations.

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Fixed Maturities Credit Quality

The Securities Valuation Office (“SVO”) of the NAIC, evaluates the investments of insurers for regulatory reporting purposes and assigns fixed maturity securities to one of six categories (“NAIC Designations”). NAIC designations of “1” or “2” include fixed maturities considered investment grade, which include securities rated Baa3 or higher by Moody’s or BBB- or higher by Standard & Poor’s. NAIC Designations of “3” through “6” are referred to as below investment grade, which include securities rated Ba1 or lower by Moody’s and BB+ or lower by Standard & Poor’s. As a result of time lags between the funding of investments, the finalization of legal documents and the completion of the SVO filing process, the fixed maturity portfolio generally includes securities that have not yet been rated by the SVO as of each balance sheet date. Pending receipt of SVO ratings, the categorization of these securities by NAIC designation is based on the expected ratings indicated by internal analysis.

The amortized cost of the General Accounts’ public and private below investment grade fixed maturities totaled $1.8 billion, or 5.9%, of the total fixed maturities at June 30, 2012 and $1.9 billion, or 6.6%, of the total fixed maturities at December 31, 2011. Gross unrealized losses on public and private fixed maturities decreased from $687 million at December 31, 2011 to $482 million at June 30, 2012. Below investment grade fixed maturities represented 59.5% and 55.6% of the gross unrealized losses at June 30, 2012 and December 31, 2011, respectively. For public, private and corporate fixed maturity categories, gross unrealized gains were higher and gross unrealized losses were lower in second quarter 2012 than in the prior period.

Public Fixed Maturities Credit Quality. The following table sets forth the General Accounts’ public fixed maturities portfolios by NAIC rating at the dates indicated.

Public Fixed Maturities

NAIC Designation(1)	Rating Agency Equivalent	Amortized   Cost		Gross   Unrealized   Gains		Gross   Unrealized   Losses		Fair Value
		(In Millions)
At June 30, 2012:
1	Aaa, Aa, A	$	15,150	$	1,678	$	29	$	16,799
2	Baa		6,813		625		44		7,394
	Investment grade		21,963		2,303		73		24,193
3	Ba		729		31		18		742
4	B		249		4		32		221
5	C and lower		68		—		21		47
6	In or near default		88		—		32		56
	Below investment grade		1,134		35		103		1,066
Total Public Fixed Maturities		$	23,097	$	2,338	$	176	$	25,259
At December 31, 2011:
1	Aaa, Aa, A	$	14,774	$	1,383	$	48	$	16,109
2	Baa		6,858		554		87		7,325
	Investment grade		21,632		1,937		135		23,434
3	Ba		745		16		36		725
4	B		249		3		47		205
5	C and lower		98		—		36		62
6	In or near default		60		—		24		36
	Below investment grade		1,152		19		143		1,028
Total Public Fixed Maturities		$	22,784	$	1,956	$	278	$	24,462

⁽¹⁾  At June 30, 2012 and 2011, no securities had been categorized based on expected NAIC designation pending receipt of SVO ratings.

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Private Fixed Maturities Credit Quality. The following table sets forth the General Accounts’ private fixed maturities portfolios by NAIC rating at the dates indicated.

Private Fixed Maturities

NAIC Designation(1)	Rating Agency Equivalent	Amortized   Cost		Gross   Unrealized   Gains		Gross   Unrealized   Losses		Fair Value
		(In Millions)
At June 30, 2012:
1	Aaa, Aa, A	$	4,191	$	308	$	101	$	4,398
2	Baa		3,152		265		21		3,396
	Investment grade		7,343		573		122		7,794
3	Ba		286		2		52		236
4	B		118		1		19		100
5	C and lower		146		—		47		99
6	In or near default		164		4		66		102
	Below investment grade		714		7		184		537
Total Private Fixed Maturities		$	8,057	$	580	$	306	$	8,331
At December 31, 2011:
1	Aaa, Aa, A	$	4,146	$	258	$	137	$	4,267
2	Baa		3,089		241		33		3,297
	Investment grade		7,235		499		170		7,564
3	Ba		315		6		71		250
4	B		124		—		24		100
5	C and lower		128		—		41		87
6	In or near default		208		3		103		108
	Below investment grade		775		9		239		545
Total Private Fixed Maturities		$	8,010	$	508	$	409	$	8,109

⁽¹⁾  Includes, as of June 30, 2012 and December 31, 2011, respectively, 25 securities with amortized cost of $203 million (fair value, $206 million) and 20 securities with amortized cost of $281 million (fair value, $283 million) that have been categorized based on expected NAIC designation pending receipt of SVO ratings.

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Corporate Fixed Maturities Credit Quality. The following table sets forth the General Accounts’ public and private holdings of corporate fixed maturities by NAIC rating at the dates indicated.

Corporate Fixed Maturities

NAIC Designation	Rating Agency Equivalent	Amortized   Cost		Gross   Unrealized   Gains		Gross   Unrealized   Losses		Fair Value
		(In Millions)
At June 30, 2012:
1	Aaa, Aa, A	$	11,415	$	1,184	$	13	$	12,586
2	Baa		9,136		850		30		9,956
	Investment grade		20,551		2,034		43		22,542
3	Ba		667		28		25		670
4	B		84		3		2		85
5	C and lower		19		—		2		17
6	In or near default		3		3		—		6
	Below investment grade		773		34		29		778
Total Corporate Fixed Maturities		$	21,324	$	2,068	$	72	$	23,320
At December 31, 2011:
1	Aaa, Aa, A	$	12,042	$	1,050	$	53	$	13,039
2	Baa		9,220		761		63		9,918
	Investment grade		21,262		1,811		116		22,957
3	Ba		677		18		25		670
4	B		86		3		2		87
5	C and lower		20		—		3		17
6	In or near default		3		3		—		6
	Below investment grade		786		24		30		780
Total Corporate Fixed Maturities		$	22,048	$	1,835	$	146	$	23,737

Asset-backed Securities

At June 30, 2012, the amortized cost and fair value of asset backed securities held were $223 million and $226 million, respectively; at December 31, 2011, those amounts were $260 million and $264 million, respectively. At June 30, 2012, the amortized cost and fair value of asset backed securities collateralized by sub-prime mortgages were $20 million and $17 million, respectively. At that same date, the amortized cost and fair value of asset backed securities collateralized by non-sub-prime mortgages were $44 million and $45 million, respectively.

Commercial Mortgage-backed Securities

In recent years, weakness in commercial real estate fundamentals, along with an overall decrease in liquidity and availability of capital, led to a very difficult refinancing environment and an increase in overall delinquency rates on commercial mortgages on properties, except for highly desirable properties in select markets, in the commercial mortgage-backed securities market.

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The following table sets forth the amortized cost and fair value of the Insurance Group’s commercial mortgage-backed securities at the dates indicated by credit quality and by year of issuance (vintage).

Commercial Mortgage-Backed Securities

June 30, 2012

	Moody’s Agency Rating												Total
									Ba and				December 31,
Vintage	Aaa		Aa		A		Baa		Below		Total		2011
	(In Millions)
At amortized cost:
2004 and Prior Years	$	—	$	13	$	38	$	98	$	162	$	311	$	335
2005		—		5		34		109		334		482		482
2006		—		—		—		—		330		330		351
2007		1		—		—		—		107		108		138
Total CMBS	$	1	$	18	$	72	$	207	$	933	$	1,231	$	1,306
At fair value:
2004 and Prior Years	$	—	$	13	$	36	$	93	$	136	$	278	$	297
2005		—		5		31		99		267		402		378
2006		—		—		—		—		173		173		168
2007		1		—		—		—		52		53		58
Total CMBS	$	1	$	18	$	67	$	192	$	628	$	906	$	901

Mortgages

Investment Mix

At June 30, 2012 and December 31, 2011, respectively, approximately 11.8% and 10.7%, respectively, of GAIA were in commercial and agricultural mortgage loans. The table below shows the composition of the commercial and agricultural mortgage loan portfolio, before the loss allowance, as of the dates indicated.

	June 30, 2012		December 31, 2011
	(In Millions)
Commercial mortgage loans	$	3,611	$	3,367
Agricultural mortgage loans		1,445	$	1,337
Total Mortgage Loans	$	5,056	$	4,704

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The investment strategy for the mortgage loan portfolio emphasizes diversification by property type and geographic location with a primary focus on asset quality. The tables below show the breakdown of the amortized cost of the General Accounts investments in mortgage loans by geographic region and property type as of the dates indicated.

Mortgage Loans by Region and Property Type

	June 30, 2012					December 31, 2011
	Amortized Cost		% of Total			Amortized Cost		% of Total
	(Dollars in Millions)
By Region:
U.S. Regions:
Pacific	$	1,590		31.5	%	$	1,418		30.1	%
Middle Atlantic		1,226		24.0			1,214		25.8
South Atlantic		589		11.7			583		12.4
East North Central		520		10.3			503		10.7
Mountain		359		7.1			348		7.4
West North Central		345		6.8			309		6.6
West South Central		331		6.6			239		5.1
East South Central		68		1.4			62		1.3
New England		28		0.6			28		0.6
Total Mortgage Loans	$	5,056		100.0	%	$	4,704		100.0	%
By Property Type:
Office buildings	$	1,676		33.1	%	$	1,665		35.4	%
Agricultural properties		1,444		28.6			1,337		28.4
Apartment complexes		920		18.2			818		17.4
Industrial buildings		395		7.8			396		8.4
Retail Stores		268		5.3			255		5.4
Hospitality		247		4.9			164		3.5
Other		106		2.1			69		1.5
Total Mortgage Loans	$	5,056		100.0	%	$	4,704		100.0	%

At June 30, 2012, the General Account investments in commercial mortgage loans had a weighted average loan-to-value ratio of 69.0% while the agricultural mortgage loans weighted average loan-to-value ratio was 45.0%.

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The values used in these ratio calculations were developed as part of the periodic review of the commercial and agricultural mortgage loan portfolio, which includes an evaluation of the underlying collateral value.

Mortgage Loans by Loan-to-Value and Debt Service Coverage Ratios

June 30, 2012

	Debt Service Coverage Ratio(1)
Loan-to-Value Ratio	Greater  than 2.0x		1.8x to     2.0x		1.5x to     1.8x		1.2x to     1.5x		1.0x to     1.2x		Less     than 1.0x		Total Mortgage Loans
	(In Millions)
0% - 50%	$	310	$	94	$	186	$	639	$	218	$	11	$	1,458
50% - 70%		546		188		769		591		85		51		2,230
70% - 90%		—		41		187		467		140		23		858
90% plus		—		—		69		195		81		165		510
Total Commercial and Agricultural Mortgage Loans	$	856	$	323	$	1,211	$	1,892	$	524	$	250	$	5,056

⁽¹⁾  The debt service coverage ratio is calculated using actual results from property operations.

The tables below show the breakdown of the commercial and agricultural mortgage loans by year of origination at June 30, 2012.

Mortgage Loans by Year of Origination

	June 30, 2012
Year of Origination	Amortized Cost		% of Total
	(Dollars In Millions)
2012	$	813		16.1	%
2011		1,164		23.0
2010		353		7.0
2009		531		10.5
2008		195		3.9
2007 and prior		2,000		39.5
Total Mortgage Loans	$	5,056		100.0	%

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At June 30, 2012 and December 31, 2011, respectively, $4 million and $7 million of mortgage loans were classified as problem loans while $104 million and $102 million were classified as potential problem loans. At June 30, 2012 there was one loan considered a TDR. The loan shown in the table below was modified during third quarter 2011. The modification lowered existing interest only payments until October 1, 2013, at which time the loan reverts to an amortizing payment. All interest deferred under the modification is due at maturity on November 5, 2014. Due to the nature of the modification, short-term cash flow relief, the modification has no financial impact. The fair market value of the underlying real estate collateral is the primary factor in determining the allowance for credit losses and as such, modification of loan terms typically has no direct impact on the allowance for credit losses.

Troubled Debt Restructuring - Modifications

June 30, 2012

	Number		Outstanding Recorded Investment
	of Loans		Pre-Modification		Post-Modification
			(In Millions)
Troubled debt restructurings:
Agricultural mortgage loans		—	$	—	$	—
Commercial mortgage loans		1		84		84
Total		1	$	84	$	84

There were no default payments on the above loan during the second quarter and first six months of 2012.

Valuation allowances for the commercial mortgage loan portfolio were related to loan specific reserves. The following table sets forth the change in valuation allowances for the commercial mortgage loan portfolio as of the dates indicated. There were no valuation allowances for agricultural mortgages at June 30, 2012 and 2011.

	2012			2011
Allowance for credit losses:	(In Millions)
Beginning Balance, January 1,	$	32		$	18
Charge-offs		(20	)		—
Recoveries		(1	)		—
Provision		23			10
Ending Balance, June 30,	$	34		$	28
Ending Balance, June 30,:
Individually Evaluated for Impairment	$	34		$	28
Collectively Evaluated for Impairment	$	—		$	—
Loans Acquired with Deteriorated Credit Quality	$	—		$	—

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Other Equity Investments

At June 30, 2012, private equity partnerships, hedge funds and real-estate related partnerships were 96.3% of total other equity investments. These interests, which represent 3.3% of GAIA, consist of a diversified portfolio of LBO, mezzanine, venture capital and other alternative limited partnerships, diversified by sponsor, fund and vintage year. The portfolio is actively managed to control risk and generate investment returns over the long term. Portfolio returns are sensitive to overall market developments.

Other Equity Investments - Classifications

	June 30, 2012		December 31, 2011
	(In Millions)
Common stock	$	53	$	53
Joint ventures and limited partnerships:
Private equity		1,093		1,074
Hedge funds		177		201
Real estate related		121		105
Total Other Equity Investments	$	1,444	$	1,433

Derivatives

The Insurance segment has issued and continues to offer certain variable annuity products with GMDB, GMIB and GWBL features. The risk associated with the GMDB feature is that under-performance of the financial markets could result in GMDB benefits, in the event of death, being higher than what accumulated policyholders’ account balances would support. The risk associated with the GMIB/GWBL feature is that under-performance of the financial markets could result in GMIB/GWBL benefits being higher than what accumulated policyholders’ account balances would support. The Insurance segment uses derivatives for asset/liability risk management primarily to reduce exposures to equity market and interest rate fluctuations. Derivative hedging strategies are designed to reduce these risks from an economic perspective while also considering their impacts on accounting results. Operation of these hedging programs is based on models involving numerous estimates and assumptions, including, among others, mortality, lapse, surrender and withdrawal rates, election rates, market volatility and interest rates.

A wide range of derivative contracts are used in these hedging programs, including exchange traded equity, currency and interest rate futures contracts, total return and/or other equity swaps, interest rate swap and floor contracts, swaptions, variance swaps as well as equity options, that collectively are managed in an effort to reduce the economic impact of unfavorable changes in guaranteed benefits’ exposure attributable to movements in equity and fixed income markets. For GMDB, GMIB and GWBL, the Insurance segment retains certain risks including basis and some volatility risk and risk associated with actual versus expected assumptions for mortality, lapse and surrender, withdrawal and contractholder election rates, among other things. The derivative contracts are managed to correlate with changes in the value of the GMDB, GMIB and GWBL features that result from financial markets movements. A portion of exposure to realized interest rate volatility is hedged using swaptions and a portion of exposure to realized equity volatility is hedged using equity options and variance swaps. The Insurance segment has purchased reinsurance contracts to mitigate the risks associated with GMDB features and the impact of potential market fluctuations on future policyholder elections of GMIB features contained in certain annuity contracts issued by the Insurance segment.

GWBL features and reinsurance contracts covering GMIB exposure are considered derivatives for accounting purposes and, therefore, are reported in the balance sheet at their fair value. None of the derivatives used in these programs were designated as qualifying hedges under U.S. GAAP accounting guidance for derivatives and hedging. All gains (losses) on derivatives are reported in Net investment income (loss) in the consolidated statements of earnings (loss) except those resulting from changes in the fair values of the embedded derivatives, the GWBL features are reported in Policyholder’s benefits and the GMIB reinsurance contracts are reported on a separate line in the consolidated statement of earnings, respectively.

In addition to the Company’s existing programs, in first quarter 2012, the Company entered into interest rate swaps related to the Company’s GMDB and GMIB block of business issued prior to 2001 to manage exposure to interest rate fluctuations.

89

The Insurance segment periodically, including during the first six months of 2012, has had in place a hedge program to partially protect against declining interest rates with respect to a part of its projected variable annuity sales.

The Insurance segment also uses equity and commodity indexed options to hedge its exposure to equity linked crediting rates on annuity and life products.

Margins or “spreads” on interest-sensitive life insurance and annuity contracts are affected by interest rate fluctuations as the yield on portfolio investments, primarily fixed maturities, are intended to support required payments under these contracts, including interest rates credited to their policy and contract holders. The Insurance segment currently uses swaptions to reduce the risk associated with minimum crediting rate guarantees on these interest-sensitive contracts.

The Insurance segment is exposed to equity market fluctuations through investments in Separate Accounts and has entered into derivative contracts specifically to mitigate such risk.

In second quarter 2012, the Company entered into futures and total return swaps on equity indices to mitigate the impact on net earnings from Separate Account fee revenue fluctuations due to movements in the equity markets for the remainder of 2012. These positions cover fees expected to be earned through December of the current year from the Company’s Separate Account products.

The tables below present quantitative disclosures about the Insurance segment derivative instruments, including those embedded in other contracts though required to be accounted for as derivative instruments.

Derivative Instruments by Category

	At June 30, 2012						Gains (Losses) Reported
			Fair Value				in Net Earnings (Loss)
	Notional   Amount		Asset   Derivatives		Liability   Derivatives		Six Months Ended June 30, 2012
	(In Millions)
Freestanding derivatives
Equity contracts:(1)
Futures	$	6,733	$	—	$	—	$	(550	)
Swaps		1,045		9		81		(135	)
Options		2,526		250		151		11
Interest rate contracts:(1)
Floors		2,700		315		—		42
Swaps		16,600		735		466		357
Futures		14,945		—		—		147
Swaptions		9,321		937		—		100
Net investment income (loss)								(28	)
Embedded derivatives:
GMIB reinsurance contracts		—		11,381		—		834
GWBL and other features(2)		—		—		334		(43	)
Balances, June 30, 2012	$	53,870	$	13,627	$	1,032	$	763

⁽¹⁾  Reported in Other invested assets in the consolidated balance sheets.

⁽²⁾  Reported in Future policy benefits and other policyholders liabilities.

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Derivative Instruments by Category

	At December 31, 2011						Gains (Losses) Reported
			Fair Value				in Net Earnings (Loss)
	Notional		Asset		Liability		Six Months Ended
	Amount		Derivatives		Derivatives		June 30, 2011
	(In Millions)
Freestanding derivatives
Equity contracts:(1)
Futures	$	6,332	$	—	$	—	$	(281	)
Swaps		745		9		20		(29	)
Options		1,211		91		85		3
Interest rate contracts:(1)
Floors		3,000		327		—		47
Swaps		9,695		500		313		73
Futures		11,983		—		—		6
Swaptions		7,353		1,029		—		93
Net investment income								(88	)
Embedded derivatives:
GMIB reinsurance contracts		—		10,547		—		(239	)
GWBL and other features(2)		—		—		291		32
Total	$	40,319	$	12,503	$	709	$	(295	)

⁽¹⁾  Reported in Other invested assets in the consolidated balance sheets.

⁽²⁾  Reported in Future policy benefits and other policyholders liabilities.

Realized Investment Gains (Losses)

Realized investment gains (losses) are generated from numerous sources, including the sale of fixed maturity securities, equity securities, investments in limited partnerships and other types of investments, as well as adjustments to the cost basis of investments for OTTI. Realized investment gains (losses) are also generated from prepayment premiums received on private fixed maturity securities, recoveries of principal on previously impaired securities, provisions for losses on commercial mortgage and other loans, fair value changes on commercial mortgage loans carried at fair value, and fair value changes on embedded derivatives and free-standing derivatives that do not qualify for hedge accounting treatment.

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The following table sets forth “Realized investment gains (losses), net,” for the periods indicated:

Realized Investment Gains (Losses), Net

	Three Months Ended June  30,						Six Months Ended June  30,
	2012			2011			2012			2011
	(In Millions)
Fixed maturities	$	(56	)	$	(17	)	$	(57	)	$	(17	)
Other equity investments		—			—			—			—
Derivatives		—			—			—			—
Other		(1	)		(10	)		(8	)		(10	)
Total	$	(57	)	$	(27	)	$	(65	)	$	(27	)

The following table further describes realized gains (losses), net for Fixed maturities:

Fixed Maturities

Realized Investment Gains (Losses)

	Three Months Ended June  30,						Six Months Ended June  30,
	2012			2011			2012			2011
	(In Millions)
Gross realized investment gains:
Gross gains on sales and maturities	$	5		$	6		$	7		$	12
Other		—			—			—			—
Total gross realized investment gains		5			6			7			12
Gross realized investment losses:
Other-than-temporary impairments recognized in earnings (loss)		(49	)		(22	)		(52	)		(22	)
Gross losses on sales and maturities		(12	)		(1	)		(12	)		(7	)
Credit related losses on sales		—			—			—			—
Other		—			—			—			—
Total gross realized investment losses		(61	)		(23	)		(64	)		(29	)
Total	$	(56	)	$	(17	)	$	(57	)	$	(17	)

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The following table sets forth, for the periods indicated, the composition of other-than-temporary impairments recorded in Earnings (loss) by asset type.

Other-Than-Temporary Impairments Recorded in Earnings (Loss)

	Three Months Ended June  30,						Six Months Ended June  30,
	2012			2011			2012			2011
	(In Millions)
Fixed Maturities:
Public fixed maturities	$	—		$	(6	)	$	—		$	(6	)
Private fixed maturities		(49	)		(16	)		(52	)		(16	)
Total fixed maturities securities		(49	)		(22	)		(52	)		(22	)
Equity securities		—			—			—			—
Other invested assets		—			—			—			—
Total	$	(49	)	$	(22	)	$	(52	)	$	(22	)

At June 30, 2012, the $0 million in OTTI on fixed maturities recorded in income were due to credit events or adverse conditions of the respective issuer. In these situations, management believes such circumstances have caused, or will lead to, a deficiency in the contractual cash flows related to the investment. The amount of the impairment recorded in earnings (loss) is the difference between the amortized cost of the debt security and the net present value of its projected future cash flows discounted at the effective interest rate implicit in the debt security prior to impairment.

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LIQUIDITY AND CAPITAL RESOURCES

The following discussion supplements that found in the 2011 Form 10-K’s MD&A section under the caption “Liquidity and Capital Resources.”

Overview

Liquidity management is focused around a centralized funds management process. This centralized process includes the monitoring and control of cash flow associated with policyholder receipts and disbursements and General Account portfolio principal, interest and investment activity. Funds are managed through a banking system designed to reduce float and maximize funds availability. The derivative transactions used to hedge the Company’s variable annuity products are integrated into AXA Equitable’s overall liquidity process; forecast of potential payments and collateral calls during the life of and at the settlement of each derivative transaction are included in the cash flow forecast. Information regarding liquidity needs and availability is reported by various departments and investment managers. The information is used to produce forecasts of available funds and cash flow. Significant market volatility can affect daily cash requirements due to the settlement and collateral calls of derivative transactions.

In addition to gathering and analyzing information on funding needs, the Company has a centralized process for both investing short-term cash and borrowing funds to meet cash needs. In general, the short-term investment positions have a maturity profile of 1-7 days with considerable flexibility as to availability.

In managing the liquidity of the Insurance segment’s business, management also considers the risk of policyholder and contractholder withdrawals of funds earlier than assumed when selecting assets to support these contractual obligations. Surrender charges and other contract provisions are used to mitigate the extent, timing and profitability impact of withdrawals of funds by customers from annuity contracts and deposit liabilities. The following table sets forth withdrawal characteristics of the Company’s General Account annuity reserves and deposit liabilities (based on statutory liability values) as of the dates indicated.

General Accounts Annuity Reserves and Deposit Liabilities

	June 30, 2012					December 31, 2011
	Amount		% of Total			Amount		% of Total
	(Dollars in Millions)
Not subject to discretionary withdrawal provisions	$	3,522		16.6	%	$	3,102		15.2	%
Subject to discretionary withdrawal, with adjustment:
With market value adjustment		30		0.1			45		0.2
At contract value, less surrender charge of 5% or more		1,339		6.4			1,355		6.6
Subtotal		1,369		6.5			1,400		6.8
Subject to discretionary withdrawal at contract value with no surrender charge or surrender charge of less than 5%		16,267		76.9			15,930		78.0
Total Annuity Reserves And Deposit Liabilities	$	21,158		100.0	%	$	20,432		100.0	%

Analysis of Statement of Cash Flows

Cash and cash equivalents of $3.6 billion at June 30, 2012 increased $387 million from $3.2 billion at December 31, 2011.

Net cash used in operating activities was $515 million in the first six months of 2012 as compared to net cash used in operating activities of $369 million in the first six months of 2011. Cash flows from operating activities include such sources as premiums, investment management and advisory fees and investment income offset by such uses as life insurance benefit payments, policyholder dividends, compensation payments and contributions to benefit plans, other cash expenditures and tax payments.

Net cash used in investing activities was $972 million, $92 million lower than the $1.0 billion in the first six months of 2011. The change was partially due to cash inflows related to derivatives of $225 million as compared to cash outflows of $168 million in the first six months of 2011. There were net purchases of $1.2 billion in the first six months of 2012 as compared to net purchases of $945 million in the first six months of 2011.

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Cash flows provided by financing activities increased $471 million from $1.4 billion in the first six months of 2011 to $1.9 billion in the first six months of 2012. The impact of the net deposits to policyholders’ account balances was $2.2 billion and $1.6 billion in the first six months of 2012 and 2011, respectively. Additional AllianceBernstein Holding units were purchased for $95 million and $101 million in the first six months of 2012 and 2011, respectively.

AXA Equitable

Liquidity Requirements. AXA Equitable’s liquidity requirements principally relate to the liabilities associated with its various life insurance, annuity and group pension products; the active management of various economic hedging programs; shareholder dividends to AXA Financial; and operating expenses, including debt service. AXA Equitable’s liabilities include, among other things, the payment of benefits under life insurance, annuity and group pension products, as well as cash payments in connection with policy surrenders, withdrawals and loans.

The Company’s liquidity needs are affected by: fluctuations in mortality; other benefit payments; policyholder directed transfers from General Account to Separate Account investment options; and the level of surrenders and withdrawals previously discussed in “Results of Continuing Operations by Segment - Insurance,” as well as by cash settlements of its derivative hedging programs, debt service requirements and dividends to its shareholder.

Sources of Liquidity. The principal sources of AXA Equitable’s cash flows are premiums, deposits and charges on policies and contracts, investment income, repayments of principal and sales proceeds from its fixed maturity portfolios, sales of other General Account Investment Assets, borrowings from third parties and affiliates and dividends and distributions from subsidiaries.

AXA Equitable’s primary source of short-term liquidity to support its insurance operations is a pool of liquid, high quality short-term instruments structured to provide liquidity in excess of the expected cash requirements. In addition, a substantial portfolio of public bonds including U.S. Treasury and agency securities and other investment grade fixed maturities is available to meet AXA Equitable’s liquidity needs. Other liquidity sources include dividends and distributions from AllianceBernstein.

Off Balance Sheet Transactions. At June 30, 2012 and December 31, 2011, AXA Equitable was not a party to any off balance sheet transactions other than those guarantees and commitments described in Notes 10 and 17 of Notes to Consolidated Financial Statements in the 2011 Form 10-K.

Guarantees and Other Commitments. AXA Equitable had approximately $18 million of undrawn letters of credit related to reinsurance as well as $289 million and $428 million of commitments under equity financing arrangements to certain limited partnership and existing mortgage loan agreements, respectively, at June 30, 2012. For further information on guarantees and commitments, see the “Supplementary Information” section in Item 7 - Management Discussion and Analysis of Financial Condition and Results of Operations in the 2011 Form 10-K.

Statutory Regulation, Capital and Dividends. AXA Equitable is subject to the regulatory capital requirements of its place of domicile, which are designed to monitor capital adequacy. The level of an insurer’s required capital is impacted by many factors including, but not limited to, business mix, product design, sales volume, invested assets, liabilities, reserves and movements in the capital markets, including interest rates and equity markets. At June 30, 2012, the total adjusted capital was in excess of its regulatory capital requirements and management believes that AXA Equitable has (or has the ability to meet) the necessary capital resources to support its business.

The Company currently reinsures to AXA Arizona a 100% quota share of all liabilities for variable annuity with enhanced GMDB and GMIB riders issued on or after January 1, 2006 and in-force on September 30, 2008. AXA Arizona also reinsures a 90% quota share of level premium term insurance issued by AXA Equitable on or after March 1, 2003 through December 31, 2008 and lapse protection riders under UL insurance policies issued by AXA Equitable on or after June 1, 2003 through June 30, 2007. The reinsurance arrangements with AXA Arizona provide important capital management benefits to AXA Equitable. AXA Equitable receives statutory reserve credits for reinsurance treaties with AXA Arizona to the extent AXA Arizona holds assets in an irrevocable trust ($10.5 billion at June 30, 2012) and/or letters of credit ($2.1 billion at June 30, 2012). Under the reinsurance contracts, AXA Arizona is required to transfer assets into and is permitted to transfer assets from the Trust under certain circumstances. The level of statutory reserves held by AXA Arizona fluctuate based on market movements, mortality experience and policyholder behavior. Increasing reserve requirements may necessitate that additional assets be placed in trust and/or securing additional letters of credit, which could adversely impact AXA Arizona’s liquidity.

95

AXA Equitable monitors its regulatory capital requirements on an ongoing basis taking into account the prevailing conditions in the capital markets. Lower interest rates and/or poor equity market performance, both of which have been experienced recently, increase the reserve requirements and capital needed to support the variable annuity guarantee business. While management believes that AXA Equitable currently has the necessary capital to support its business, future capital requirements will depend on future market conditions and regulations and there can be no assurance that sufficient additional required capital could be secured.

Several states, including New York, regulate transactions between an insurer and its affiliates under insurance holding company acts. These acts contain certain reporting requirements and restrictions on provision of services and on transactions, such as intercompany service agreements, asset transfers, reinsurance, loans and shareholder dividend payments by insurers. Depending on their size, such transactions and payments may be subject to prior notice to, or approval by, the insurance department of the applicable state.

AXA Equitable is restricted as to the amounts it may pay as dividends to AXA Financial. Under the applicable states’ insurance law, a domestic life insurer may, without prior approval of the Superintendent, pay a dividend to its shareholders not exceeding an amount calculated based on a statutory formula. This formula would permit AXA Equitable to pay shareholder dividends not greater than $363 million during 2012. Payment of dividends exceeding this amount requires the insurer to file notice of its intent to declare such dividends with the Superintendent who then has 30 days to disapprove the distribution. AXA Equitable paid $181 million and $379 million, respectively, of shareholder dividends during the first six months of 2012 and 2011.

For the second quarter and first six months of 2012 and 2011, respectively, AXA Equitable’s statutory net income (loss) totaled $600 million, $86 million, $42 million and $310 million. Statutory surplus, capital stock and Asset Valuation Reserve totaled $4.6 billion and $4.8 billion at June 30, 2012 and December 31, 2011, respectively.

For additional information, see “Item 1 - Business - Regulation” and “Item 1A - Risk Factors” in the 2011 Form 10-K.

AllianceBernstein

For the first six months of 2012, net cash provided by AllianceBernstein’s operating activities was $241 million, up $198 million from the corresponding 2011 period. The change was primarily due to lower net purchases of investments of $228 million, primarily related to broker-dealer investments and seed capital investments, and a lower increase in broker-dealer related net receivables and segregated U.S. Treasury bills of $167 million, reflecting Rule 15c3-3 requirements, partially offset by lower cash provided by net income of $179 million.

For the first six months of 2012, net cash used in investing activities was $8 million, down $28 million from the corresponding 2011 period. The decrease from the comparable 2011 period was principally the result of the purchase of the remaining 50% Australian joint venture mentioned above during the first quarter of 2011.

For the first six months of 2012, net cash used in financing activities was $390 million, up $108 million from the corresponding 2011 period. The increase reflects repayment of commercial paper of $170 million in the current quarter versus issuance of commercial paper of $90 million in the prior-year quarter, partially offset by lower distributions to the General Partner and unitholders of $137 million as a result of lower earnings (distributions on earnings are paid one quarter in arrears).

As of June 30, 2012, AllianceBernstein had $482 million of cash and cash equivalents of which approximately 99.0% is comprised of cash on deposit for its broker dealers to comply with various regulatory capital levels and cash held by foreign entities for which a permanent investment election for U.S. tax purposes is taken. If the cash held at AllianceBernstein’s foreign subsidiaries of $314 million, which includes cash on deposit for AllianceBernstein’s foreign broker dealers, was to be repatriated to the U.S., AllianceBernstein would be required to accrue and pay U.S. income taxes on these funds. AllianceBernstein’s intent is to permanently reinvest these earnings outside the U.S. AllianceBernstein currently does not anticipate a liquidity need requiring a repatriation of these funds to the U.S.

At June 30, 2012 and December 31, 2011, respectively, AllianceBernstein had $276 million and $445 million, outstanding under its commercial paper program.

96

On December 9, 2010, AllianceBernstein entered into a committed, unsecured three-year senior revolving credit facility (the “2010 AB Credit Facility”) with a group of commercial banks and other lenders in an original principal amount of $1.0 billion with SCB LLC as an additional borrower. On January 17, 2012, the 2010 AB Credit Facility was amended and restated (“2012 AB Credit Facility”). The principal amount was amended to $900 million from the original principal amount of $1.0 billion. Also, the amendment increased the accordion feature from $250 million to $350 million. In addition, the maturity date of the 2010 AB Credit Facility was extended from December 9, 2013 to January 17, 2017. There were no other significant changes in terms and conditions included in this amendment. Effective as of July 13, 2012, through the exercise of the commitment increase provisions of the 2012 AB Credit Facility, the principal amount was increased from $900 million to $1.0 billion. With this increase, the 2012 AB Credit Facility provides for possible increases in the principal amount by up to an aggregate incremental amount of $250 million (“accordion feature”), any such increase being subject to the consent of the affected lenders. As of June 30, 2012 and December 31, 2011, AllianceBernstein had no amounts outstanding under the 2012 AB Credit Facility.

In addition, SCB LLC has five uncommitted lines of credit with four financial institutions. Two of these lines of credit permit AllianceBernstein to borrow up to an aggregate of approximately $200 million while three lines have no stated limit. During May 2012, AllianceBernstein was named an additional borrower under a $100 million SCB LL uncommitted line of credit. As of June 30, 2012, there were no loans outstanding. As of June 30, 2012 and December 31, 2011, AllianceBernstein had no uncommitted bank loans outstanding.

97

SUPPLEMENTARY INFORMATION

The Company is involved in a number of ventures and transactions with AXA and certain of its affiliates. See Notes 11 and 18 of Notes to the Consolidated Financial Statements in AXA Equitable’s 2011 Form 10-K as well as AllianceBernstein’s Report on Form 10-K for the year ended December 31, 2011 for information on related party transactions.

Contractual Obligations

The Company’s consolidated contractual agreements include policyholder obligations, long-term debt, commercial paper, loans from affiliates, employee benefits, operating leases and various funding commitments. See the “Supplementary Information – Contractual Obligation” section in Item 7 – Management Discussion and Analysis of Financial Condition and Results of Operations in AXA Equitable’s 2011 Form 10-K for additional information.

ADOPTION AND FUTURE ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS

See Note 2 to the Consolidated Financial Statements included herein for a discussion of recently adopted accounting pronouncements. Also see Note 2 to the Consolidated Financial Statements included herein for a discussion of recently issued accounting pronouncements.

98

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes to the quantitative and qualitative disclosures about market risk described in Part II, Item 7A, “Quantitative and Qualitative Disclosures About Market Risk,” included in the 2011 Form 10-K.

Item 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

An evaluation was performed under the supervision and with the participation of management, including the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of June 30, 2012. Based on that evaluation, management, including the Chief Executive Officer and Chief Financial Officer, concluded that the Company’s disclosure controls and procedures were effective as of June 30, 2012.

Changes in Internal Control Over Financial Reporting

There has been no change in the Company’s internal control over financial reporting that occurred during the quarter ended June 30, 2012 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

99

PART II OTHER INFORMATION

Item 1. Legal Proceedings

See Note 10 of Notes to Consolidated Financial Statements contained herein. Except as disclosed in Note 10 of Notes to Consolidated Financial Statements, there have been no new material legal proceedings and no new material developments in legal proceedings previously reported in the 2011 Form 10-K.

Item 1A. Risk Factors

You should carefully consider the risks described in Part I, Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2011. These risks could materially affect our business, consolidated results of operations or financial condition. These risks are not exclusive, and additional risks to which we are subject include, but are not limited to, the factors mentioned under “Forward-Looking Statements” above and the risks of our businesses described elsewhere in this Quarterly Report on Form 10-Q.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

NONE.

Item 3. Defaults Upon Senior Securities

NONE.

Item 4. Mine Safety Disclosures

NONE.

Item 5. Other Information

NONE.

Item 6. Exhibits

Number	Description and Method of Filing
31.1	Certification of the Registrant’s Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of the Registrant’s Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of the Registrant’s Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of the Registrant’s Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document

100

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, AXA Equitable Life Insurance Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date:	August 10, 2012	AXA EQUITABLE LIFE INSURANCE COMPANY
			By:	/s/ Anders Malmstrom
				Name:	Anders Malmstrom
				Title:	Senior Executive Vice President and Chief Financial Officer
Date:	August 10, 2012			/s/ Andrea Nitzan
				Name:	Andrea Nitzan
				Title:	Executive Vice President and Chief Accounting Officer

101

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Mark Pearson, Chairman of the Board and Chief Executive Officer of AXA Equitable Life Insurance Company, certify that:

1) I have reviewed this quarterly report on Form 10-Q of AXA Equitable Life Insurance Company (the “Registrant”);

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4) The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and we have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5) The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: August 10, 2012

/s/ Mark Pearson

Mark Pearson

Chairman of the Board and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Anders Malmstrom, Senior Executive Vice President and Chief Financial Officer of AXA Equitable Life Insurance Company, certify that:

1) I have reviewed this quarterly report on Form 10-Q of AXA Equitable Life Insurance Company (the “Registrant”);

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4) The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and we have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5) The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: August 10, 2012

/s/ Anders Malmstrom

Anders Malmstrom

Senior Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of AXA Equitable Life Insurance Company (the “Company”) for the quarter ended June 30, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Mark Pearson, Chairman of the Board and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 10, 2012

/s/ Mark Pearson

Mark Pearson

Chairman of the Board and Chief Executive Officer

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of AXA Equitable Life Insurance Company (the “Company”) for the quarter ended June 30, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Anders Malmstrom, Senior Executive Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 10, 2012

/s/ Anders Malmstrom

Anders Malmstrom

Senior Executive Vice President and Chief Financial Officer

XML

GMDB, GMIB, GWBL AND NO LAPSE GUARANTEE FEATURES (DETAILS) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Movement In Guaranteed Benefit Liability Gross [Line Items]
Balance, January 1,	$ 5,723	$ 3,576
Paid guarantee benefits	(166)	(104)
Other changes in reserve	449	321
Balance, end of period	6,006	3,793
Guaranteed Minimum Death Benefit [Member]
Movement In Guaranteed Benefit Liability Gross [Line Items]
Balance, January 1,	1,593	1,265
Paid guarantee benefits	(128)	(87)
Other changes in reserve	174	159
Balance, end of period	1,639	1,337
Guaranteed Minimum Death Benefit Reinsurance Ceded [Abstract]
Balance, beginning of year	716	533
Paid guarantee benefits	(53)	(36)
Other changes in reserves	105	88
Balance, end of period	768	585
Guaranteed Minimum Income Benefit [Member]
Movement In Guaranteed Benefit Liability Gross [Line Items]
Balance, January 1,	4,130	2,311
Paid guarantee benefits	(38)	(17)
Other changes in reserve	275	162
Balance, end of period	$ 4,367	$ 2,456

XML

EMPLOYEE BENEFIT PLANS (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Net Periodic Pension Expense:[Abstract]
Service Cost	$ 11	$ 10	$ 22	$ 20
Interest Cost	27	30	53	60
Expected Return On Plan Assets	(35)	(30)	(69)	(60)
Net amortization	41	36	82	72
Net Periodic Pension Expense	44	46	88	92
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan Employer Matching Contribution Percent			0.0
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan Employer Matching Contribution Percent			4.0
Defined Contribution Pension [Member]
Defined Benefit Plan Disclosure [Line Items]
Eliminated Defined Contribution Plan Employer Matching Contribution Percent			3
Total AXA Equitable equity
Defined Benefit Plan Disclosure [Line Items]
Annual Interest Crediting Rate			4.00%
Estimated Employer Contributions	260		260
Alliance Bernstein [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated Employer Contributions	$ 6		$ 6

XML

FAIR VALUE DISCLOSURES 4 (DETAILS) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Corporate Debt Securities [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	383
Corporate Debt Securities [Member] | Private Venture Capital Fund Of Fund [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Percentage Of Level 3 Asset Fair Value	70.00%
State And Political Subdivisions And Foreign Governments [Member] | Concensus Pricing Valuation Technique [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Number Of Securities	1
Commercial Mortgage Backed Securities [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	906
Commercial Mortgage Backed Securities [Member] | Concensus Pricing Valuation Technique [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Percentage Of Level 3 Asset Fair Value	1.00%
Residential Mortgage Backed Securities [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	11
Residential Mortgage Backed Securities [Member] | Discounted Cash Flow And Matrix Pricing Valuation Technique [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Percentage Of Level 3 Asset Fair Value	89.00%
Asset-backed Securities [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	139
Asset-backed Securities [Member] | Concensus Pricing Valuation Technique [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Percentage Of Level 3 Asset Fair Value	27.00%
Asset-backed Securities [Member] | Discounted Cash Flow And Matrix Pricing Valuation Technique [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Percentage Of Level 3 Asset Fair Value	73.00%
Equity Method Investments [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	58
Partnership Unfunded Committments	19
Equity Method Investments [Member] | Private Venture Capital Fund Of Fund [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	21
Separate Accounts [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	222
Separate Accounts [Member] | Private Equity Funds [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	189
Separate Accounts [Member] | Mortgage Loans on Real Estate [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	23
Separate Accounts [Member] | Discounted Cash Flow Valuation Technique [Member] | Private Equity Funds [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	6
Separate Accounts [Member] | Third Party Appraisal And Discounted Cash Flow Valuation Technique [Member] | Private Real Estate Fund [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	183
Separate Accounts [Member] | Third Party Appraisal And Discounted Cash Flow Valuation Technique [Member] | Mortgage Backed Securities [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	4
Separate Accounts [Member] | Third Party Appraisal And Discounted Cash Flow Valuation Technique [Member] | Asset-backed Securities [Member]
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	6

XML

INVESTMENTS (M Loans (DETAILS) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Financing Receivable, Modifications [Line Items]
Financing Receivable Modifications Number Of Contracts1	1
Financing Receivable Modifications Pre Modification Recorded Investment1	$ 84
Financing Receivable Modifications Post Modification Recorded Investment1	84
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	0	52
Financing Receivable Modifications Number Of Contracts1	1
Financing Receivable Modifications Pre Modification Recorded Investment1	84
Financing Receivable Modifications Post Modification Recorded Investment1	84
Agricultural Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	4	5
Financing Receivable Modifications Pre Modification Recorded Investment1	0
Financing Receivable Modifications Post Modification Recorded Investment1	$ 0

XML

FAIR VALUE DISCLOSURES (TABLES)

6 Months Ended

Jun. 30, 2012

Fair Value Disclosures Tables [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Fair Value Measurements at June 30, 2012
				Level 1		Level 2		Level 3		Total
				(In Millions)
Assets:
Investments:
	Fixed maturities, available-for-sale:
		Corporate		$	7	$	22,329	$	383	$	22,719
		U.S. Treasury, government and agency			0		5,140		0		5,140
		States and political subdivisions			0		474		52		526
		Foreign governments			0		522		0		522
		Commercial mortgage-backed			0		0		906		906
		Residential mortgage-backed(1)			0		1,789		11		1,800
		Asset-backed(2)			0		87		139		226
		Redeemable preferred stock			290		867		15		1,172
			Subtotal		297		31,208		1,506		33,011
	Other equity investments				65		8		58		131
	Trading securities				471		1,056		0		1,527
	Other invested assets:
		Short-term investments			0		134		0		134
		Swaps			0		199		0		199
		Futures			(4)		0		0		(4)
		Options			0		99		0		99
		Floors			0		315		0		315
		Swaptions			0		937		0		937
			Subtotal		(4)		1,684		0		1,680
Cash equivalents					2,926		0		0		2,926
Segregated securities					0		1,155		0		1,155
GMIB reinsurance contracts					0		0		11,381		11,381
Separate Accounts' assets					87,175		2,588		222		89,985
		Total Assets		$	90,930	$	37,699	$	13,167	$	141,796
Liabilities
GWBL and other features' liability				$	0	$	0	$	334	$	334
		Total Liabilities		$	0	$	0	$	334	$	334

Fair Value Measurements at December 31, 2011
				Level 1		Level 2		Level 3		Total
				(In Millions)
Assets:
Investments:
	Fixed maturities, available-for-sale:
		Corporate		$	7	$	22,698	$	432	$	23,137
		U.S. Treasury, government and agency			0		3,948		0		3,948
		States and political subdivisions			0		487		53		540
		Foreign governments			0		503		22		525
		Commercial mortgage-backed			0		0		902		902
		Residential mortgage-backed(1)			0		1,632		14		1,646
		Asset-backed(2)			0		92		172		264
		Redeemable preferred stock			203		813		14		1,030
			Subtotal		210		30,173		1,609		31,992
	Other equity investments				66		0		77		143
	Trading securities				457		525		0		982
	Other invested assets:
		Short-term investments			0		132		0		132
		Swaps			0		177		(2)		175
		Futures			(2)		0		0		(2)
		Options			0		7		0		7
		Floors			0		327		0		327
		Swaptions			0		1,029		0		1,029
			Subtotal		(2)		1,672		(2)		1,668
Cash equivalents					2,475		0		0		2,475
Segregated securities					0		1,280		0		1,280
GMIB reinsurance contracts					0		0		10,547		10,547
Separate Accounts' assets					83,672		2,532		215		86,419
		Total Assets		$	86,878	$	36,182	$	12,446	$	135,506
Liabilities:
GWBL and other features' liability				$	0	$	0	$	291	$	291
		Total Liabilities		$	0	$	0	$	291	$	291

Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Text Block]

Level 3 Instruments
Fair Value Measurements
							State and
							Political				Commercial		Residential
							Sub-		Foreign		Mortgage-		Mortgage-		Asset-
					Corporate		divisions		Govts		backed		backed		backed
					(In Millions)
Balance, April 1, 2012					$	394	$	52	$	20	$	933	$	12	$	165
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)			0		0		0		0		0		0
			Investment gains (losses), net			0		0		0		(51)		0		0
				Subtotal		0		0		0		(51)		0		0
		Other comprehensive income (loss)				(2)		0		0		41		0		(1)
Purchases						25		0		0		0		0		0
Issues						0		0		0		0		0		0
Sales						(21)		0		0		(17)		(1)		(7)
Settlements						0		0		0		0		0		0
Transfers into Level 3(1)						5		0		0		0		0		0
Transfers out of Level 3(1)						(18)		0		(20)		0		0		(18)
Balance, June 30, 2012					$	383	$	52	$	0	$	906	$	11	$	139
Balance, April 1, 2011					$	355	$	48	$	21	$	1,107	$	0	$	125
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)			1		0		0		0		0		0
			Investment gains (losses), net			0		0		0		(21)		0		0
				Subtotal		1		0		0		(21)		0		0
		Other comprehensive income (loss)				2		1		0		(6)		0		0
Purchases						100		0		0		0		0		0
Issues						0		0		0		0		0		0
Sales						(6)		0		0		(76)		0		(9)
Settlements						0		0		0		0		0		0
Transfers into Level 3(1)						2		0		0		0		0		0
Transfers out of Level 3(1)						(48)		0		0		0		0		0
Balance, June 30, 2011					$	406	$	49	$	21	$	1,004	$	0	$	116

								State and
								Political				Commercial		Residential
								Sub-		Foreign		Mortgage-		Mortgage-		Asset-
						Corporate		divisions		Govts		backed		backed		backed
						(In Millions)
Balance, January 1, 2012						$	432	$	53	$	22	$	902	$	14	$	172
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		1		0		0
			Investment gains (losses), net				0		0		0		(54)		0		0
			Increase (decrease) in the fair value
				of the reinsurance contracts			0		0		0		0		0		0
					Subtotal		0		0		0		(53)		0		0
		Other comprehensive income (loss)					1		0		0		78		0		0
Purchases							25		0		0		0		0		0
Issues							0		0		0		0		0		0
Sales							(25)		(1)		0		(21)		(3)		(13)
Settlements							0		0		0		0		0		0
Transfers into Level 3(1)							7		0		0		0		0		0
Transfers out of Level 3(1)							(57)		0		(22)		0		0		(20)
Balance, June 30, 2012						$	383	$	52	$	0	$	906	$	11	$	139
Balance, January 1, 2011						$	320	$	49	$	21	$	1,103	$	0	$	148
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				2		0		0		1		0		0
			Investment gains (losses), net				0		0		0		(20)		0		1
			Increase (decrease) in the fair value
				of the reinsurance contracts			0		0		0		0		0		0
					Subtotal		2		0		0		(19)		0		1
		Other comprehensive income (loss)					(2)		0		0		55		0		2
Purchases							111		0		0		0		0		0
Issues							0		0		0		0		0		0
Sales							(10)		0		0		(135)		0		(16)
Settlements							0		0		0		0		0		0
Transfers into Level 3(1)							14		0		0		0		0		0
Transfers out of Level 3(1)							(29)		0		0		0		0		(19)
Balance, June 30, 2011						$	406	$	49	$	21	$	1,004	$	0	$	116

						Redeem-										GWBL
						able		Other		Other		GMIB		Separate		and Other
						Preferred		Equity		Invested		Reinsurance		Accounts		Features
						Stock		Investments(1)		Assets		Asset		Assets		Liability
						(In Millions)
Balance, April 1, 2012						$	14	$	59	$	(59)	$	8,704	$	221	$	193
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		0		1		0
			Investment gains (losses), net				0		0		0		0		0		0
			Increase (decrease) in the fair value
				of the reinsurance contract asset			0		0		0		2,631		0		0
			Policyholders' benefits				0		0		0		0		0		129
					Subtotal		0		0		0		2,631		1		129
		Other comprehensive income (loss)					1		(1)		0		0		0		0
Purchases							0		0		0		60		6		12
Issues							0		0		0		0		0		0
Sales							0		0		0		(14)		(4)		0
Settlements							0		0		0		0		(1)		0
Transfers into Level 3(2)							0		0		0		0		0		0
Transfers out of Level 3(2)							0		0		59		0		(1)		0
Balance, June 30, 2012						$	15	$	58	$	0	$	11,381	$	222	$	334
Balance, April 1, 2011						$	3	$	73	$	0	$	3,673	$	212	$	17
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		0		0		0
			Investment gains (losses), net				0		0		0		0		3		0
			Increase (decrease) in the fair value
				of the reinsurance contract asset			0		0		0		641		0		0
			Policyholders' benefits				0		0		0		0		0		40
					Subtotal		0		0		0		641		3		40
		Other comprehensive income (loss)					(1)		(1)		0		0		0		0
Purchases							0		0		0		59		7		5
Issues							0		0		0		0		0		0
Sales							0		0		0		(6)		(1)		0
Settlements							0		0		0		0		0		0
Transfers into Level 3(2)							0		0		0		0		(1)		0
Transfers out of Level 3(2)							0		0		0		0		0		0
Balance, June 30, 2011						$	2	$	72	$	0	$	4,367	$	220	$	62

						Redeem-										GWBL
						able		Other		Other		GMIB		Separate		and Other
						Preferred		Equity		Invested		Reinsurance		Accounts		Features
						Stock		Investments(1)		Assets		Asset		Assets		Liability
						(In Millions)
Balance, January 1, 2012						$	14	$	77	$	(2)	$	10,547	$	215	$	291
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		0		4		0
			Investment gains (losses), net				0		0		0		0		0		0
			Increase (decrease) in the fair value
				of the reinsurance contracts			0		0		0		743		0		0
			Policyholders' benefits				0		0		0		0		0		25
					Subtotal		0		0		0		743		4		25
		Other comprehensive income (loss)					1		(19)		0		0		0		0
Purchases							0		0		0		121		7		18
Issues							0		0		0		0		0		0
Sales							0		0		0		(30)		(2)		0
Settlements							0		0		0		0		(2)		0
Transfers into Level 3(2)							0		0		0		0		0		0
Transfers out of Level 3(2)							0		0		2		0		0		0
Balance, June 30, 2012						$	15	$	58	$	0	$	11,381	$	222	$	334
Balance, January 1, 2011						$	2	$	73	$	0	$	4,606	$	207	$	94
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		0		0		0
			Investment gains (losses), net				0		0		0		0		8		0
			Increase (decrease) in the fair value
				of the reinsurance contracts			0		0		0		(343)		0		0
			Policyholders' benefits				0		0		0		0		0		(42)
					Subtotal		0		0		0		(343)		8		(42)
		Other comprehensive income (loss)					0		(1)		0		0		0		0
Purchases							0		0		0		118		7		10
Issues							0		0		0		0		0		0
Sales							0		0		0		(14)		(1)		0
Settlements							0		0		0		0		0		0
Transfers into Level 3(2)							0		0		0		0		(1)		0
Transfers out of Level 3(2)							0		0		0		0		0		0
Balance, June 30, 2011						$	2	$	72	$	0	$	4,367	$	220	$	62

Fair Value Assets Unrealized Gains Losses By Category For Level 3 Assets And Liabilities Still Held [Table Text Block]

					Earnings (Loss)
									Increase
					Net		Investment		(Decrease) in the
					Investment		Gains		Fair Value of the				Policy-
					Income		(Losses),		Reinsurance				holders'
					(Loss)		Net		Contract Asset		OCI		Benefits
					(In Millions)
Level 3 Instruments
Second Quarter 2012
Held at June 30, 2012:(1)
	Change in unrealized gains (losses):
		Fixed maturities, available-for-sale:
			Corporate		$	0	$	0	$	0	$	(2)	$	0
			Commercial mortgage-backed			0		0		0		40		0
			Asset-backed			0		0		0		(1)		0
			Other fixed maturities, available-for-sale			0		0		0		0		0
				Subtotal	$	0	$	0	$	0	$	37	$	0
		Other equity investments				0		0		0		(1)		0
		GMIB reinsurance contracts				0		0		2,677		0		0
		Separate Accounts’ assets				0		1		0		0		0
		GWBL and other features’ liability				0		0		0		0		(141)
				Total	$	0	$	1	$	2,677	$	36	$	(141)
Level 3 Instruments
Second Quarter 2011
Held at June 30, 2011:(1)
	Change in unrealized gains (losses):
		Fixed maturities, available-for-sale:
			Corporate		$	0	$	0	$	0	$	2	$	0
			Commercial mortgage-backed			0		0		0		(7)		0
			Other fixed maturities, available-for-sale			0		0		0		0		0
				Subtotal	$	0	$	0	$	0	$	(5)	$	0
		Other equity investments				0		0		0		0		0
		GMIB reinsurance contracts				0		0		694		0		0
		Separate Accounts’ assets				0		3		0		0		0
		GWBL and other features’ liability				0		0		0		0		(45)
				Total	$	0	$	3	$	694	$	(5)	$	(45)

					Earnings (Loss)
									Increase
					Net		Investment		(Decrease) in
					Investment		Gains		Fair Value of				Policy-
					Income		(Losses),		Reinsurance				holders'
					(Loss)		Net		Contracts		OCI		Benefits
					(In Millions)
Level 3 Instruments
First Six Months of 2012
Held at June 30, 2012:(1)
	Change in unrealized gains (losses):
		Fixed maturities, available-for-sale:
			Corporate		$	0	$	0	$	0	$	1	$	0
			Commercial mortgage-backed			0		0		0		78		0
			Asset-backed			0		0		0		0		0
			Other fixed maturities, available-for-sale			0		0		0		0		0
				Subtotal	$	0	$	0	$	0	$	79	$	0
		Other equity investments				0		0		0		(19)		0
		GMIB reinsurance contracts				0		0		834		0		0
		Separate Accounts’ assets				0		3		0		0		0
		GWBL and other features’ liability				0		0		0		0		(43)
				Total	$	0	$	3	$	834	$	60	$	(43)
Level 3 Instruments
First Six Months of 2011
Held at June 30, 2011:(1)
	Change in unrealized gains (losses):
		Fixed maturities, available-for-sale:
			Corporate		$	0	$	0	$	0	$	(1)	$	0
			Commercial mortgage-backed			0		0		0		49		0
			Asset-backed			0		0		0		2		0
			Other fixed maturities, available-for-sale			0		0		0		0		0
				Subtotal	$	0	$	0	$	0	$	50	$	0
		Other equity investments				0		0		0		0		0
		GMIB reinsurance contracts				0		0		(239)		0		0
		Separate Accounts’ assets				0		8		0		0		0
		GWBL and other features’ liability				0		0		0		0		32
				Total	$	0	$	8	$	(239)	$	50	$	32

Fair Value Inputs Quantitative Information [Table Text Block]

Quantitative Information about Level 3 Fair Value Measurements
June 30, 2012
			Fair		Valuation		Significant
			Value		Technique		Unobservable Input		Range
Assets:			(In Millions)
Investments:
	Fixed maturities, available-for-sale:
		Corporate	$	383	Discounted Cash flow		Bond equivalent yield		10.7%
							Spread over industry yield curve		909 bps
					Matrix Pricing Model		Spread over industry yield curve		0.0% - 6.5%
					Consensus pricing		Offered quotes		$54 - $119
		States and political subdivisions		52	Consensus pricing		Offered quotes		$ 119
		Commercial mortgage-backed		906	Discounted Cash flow		Constant default rate		3.0% - 25.0%
							Probability of default		55.0%
							Loss severity		49.0%
							Discount rate		4.0% - 15.0%
					Consensus pricing			Offered quotes	$ 102
		Residential mortgage-backed		11	Discounted Cash flow		Constant prepayment rate		415% PSA(1)
					Matrix pricing model		Spread over U.S. Treasury curve		0.46%
		Asset-backed		139	Discounted Cash flow		Constant prepayment rate		0.5% - 14.3%
							Probability of default		0.0% - 30.0%
							Loss severity		0.0% - 99.0%
							Spread over U.S. Treasury curve		255 bps - 793 bps
					Matrix pricing model		Spread over U.S. Treasury curve		0.0% - 6.9%
					Consensus pricing		Offered quotes		$18 - $109
		Redeemable preferred stock		15	Discounted Cash flow		Bond equivalent yield		8.6%
	Other equity investments			58	Market comparable		Revenue multiple		0.6x - 84.1x
						companies	R&D multiple		1.3x - 15.2x
							Discount rate		18.0%
							Discount years		1 - 2
							Discount for lack of marketability
								and risk factors	50.0% - 60.0%
Separate Accounts' assets				222	Third party appraisal		Capitalization rate		5.4%
							Exit capitalization rate		6.6%
							Discount rate		7.7%
					Discounted cash flow		Spread over U.S. Treasury curve		296 bps - 390 bps
							Inflation rate		2.0% - 3.0%
							Discount factor		1.0% - 3.0%

Quantitative Information about Level 3 Fair Value Measurements - (Continued)
June 30, 2012
		Fair		Valuation	Significant
		Value		Technique	Unobservable Input	Range
		(In Millions)
GMIB reinsurance contracts			11,381	Discounted Cash flow	Lapse Rates	0.9% - 8.0%
					Withdrawal Rates	0.2% - 8.0%
					GMIB Utilization Rates	0.0% - 15.0%
					Non-performance risk	20 - 84 bps
					Volatility rates - Equity	26.0%- 38.0%
	Total Assets	$	13,167
Liabilities:
GMWB/GWBL(2)		$	227	Discounted Cash flow	Lapse Rates	1.0% - 8.0%
					Withdrawal Rates	0.0% - 7.0%
					Volatility rates - Equity	26.0% - 38.0%
	Total Liabilities	$	227

Fair Value Disclosure Financial Instruments Not Carried At Fair Value [Text Block]

		June 30, 2012
		Carrying		Fair Value
		Value		Level 1		Level 2		Level 3		Total
		(In Millions)
Consolidated:
	Mortgage loans on real estate	$	4,633	$	0	$	0	$	4,807	$	4,807
	Other limited partnership interests		1,566		0		0		1,566		1,566
	Loans to affiliates		1,039		0		744		404		1,148
	Policyholders liabilities: Investment contracts		2,495		0		0		2,676		2,676
	Long-term debt		200		0		0		226		226
	Loans from affiliates		1,325		0		1,613		0		1,613

		December 31, 2011
		Carrying		Fair
		Value		Value
		(In Millions)
Consolidated:
	Mortgage loans on real estate	$	4,281	$	4,432
	Other limited partnership interests		1,582		1,582
	Loans to affiliates		1,041		1,097
	Policyholders liabilities: Investment contracts		2,549		2,713
	Long-term debt		200		220
	Loans from affiliates		1,325		1,485

XML

LITIGATION (DETAILS) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012 USD ($)	Jun. 30, 2012 GBP (£)	Jun. 30, 2012 Minimum [Member] USD ($)	Jun. 30, 2012 Maximum [Member] USD ($)
Litigation [Line Items]
Portfolio Amount Of Client Seeking Damages (in British Pounds)		£ 500
Damages sought			177	234
Realized Losses In Portfolio	$ 125

XML

FAIR VALUE DISCLOSURES (DETAILS) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	$ 33,031	$ 32,011
Trading securities	1,527	982
Fair Value, Measurements, Recurring [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	33,011	31,992
Other equity investments	131	143
Trading securities	1,527	982
Other invested assets:	1,680	1,668
Cash equivalents	2,926	2,475
Segregated securities	1,155	1,280
GMIB reinsurance contracts	11,381	10,547
Separate Accounts assets	89,985	86,419
Total Assets	141,796	135,506
Liabilities Fair Value Disclosure [Abstract]
Guarantees, Fair Value Disclosure	334	291
Total Liabilities	334	291
Fair Value, Measurements, Recurring [Member] | Corporate [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	22,719	23,137
Fair Value, Measurements, Recurring [Member] | U.S.Treasury, Govt and Agency [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	5,140	3,948
Fair Value, Measurements, Recurring [Member] | State and Political Sub-divisions [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	526	540
Fair Value, Measurements, Recurring [Member] | Foreign Govts [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	522	525
Fair Value, Measurements, Recurring [Member] | Commercial Mortgage-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	906	902
Fair Value, Measurements, Recurring [Member] | Residential Mortgage-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	1,800	1,646
Fair Value, Measurements, Recurring [Member] | Asset-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	226	264
Fair Value, Measurements, Recurring [Member] | Redeemable preferred stock [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	1,172	1,030
Fair Value, Measurements, Recurring [Member] | Short Term Investments [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	134	132
Fair Value, Measurements, Recurring [Member] | Swap [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	199	175
Fair Value, Measurements, Recurring [Member] | Future [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	(4)	(2)
Fair Value, Measurements, Recurring [Member] | Options Held [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	99	7
Fair Value, Measurements, Recurring [Member] | Interest Rate Floor [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	315	327
Fair Value, Measurements, Recurring [Member] | Swaptions [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	937	1,029
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	297	210
Other equity investments	65	66
Trading securities	471	457
Other invested assets:	(4)	(2)
Cash equivalents	2,926	2,475
Segregated securities	0	0
GMIB reinsurance contracts	0	0
Separate Accounts assets	87,175	83,672
Total Assets	90,930	86,878
Liabilities Fair Value Disclosure [Abstract]
Guarantees, Fair Value Disclosure	0	0
Total Liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Corporate [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	7	7
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | U.S.Treasury, Govt and Agency [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | State and Political Sub-divisions [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Foreign Govts [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Commercial Mortgage-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Residential Mortgage-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Asset-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Redeemable preferred stock [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	290	203
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Short Term Investments [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Swap [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Future [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	(4)	(2)
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Options Held [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Interest Rate Floor [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Swaptions [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	31,208	30,173
Other equity investments	8	0
Trading securities	1,056	525
Other invested assets:	1,684	1,672
Cash equivalents	0	0
Segregated securities	1,155	1,280
GMIB reinsurance contracts	0	0
Separate Accounts assets	2,588	2,532
Total Assets	37,699	36,182
Liabilities Fair Value Disclosure [Abstract]
Guarantees, Fair Value Disclosure	0	0
Total Liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Corporate [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	22,329	22,698
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | U.S.Treasury, Govt and Agency [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	5,140	3,948
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | State and Political Sub-divisions [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	474	487
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Foreign Govts [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	522	503
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Commercial Mortgage-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Residential Mortgage-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	1,789	1,632
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Asset-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	87	92
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Redeemable preferred stock [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	867	813
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Short Term Investments [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	134	132
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Swap [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	199	177
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Future [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Options Held [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	99	7
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Interest Rate Floor [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	315	327
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Swaptions [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	937	1,029
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	1,506	1,609
Other equity investments	58	77
Trading securities	0	0
Other invested assets:	0	(2)
Cash equivalents	0	0
Segregated securities	0	0
GMIB reinsurance contracts	11,381	10,547
Separate Accounts assets	222	215
Total Assets	13,167	12,446
Liabilities Fair Value Disclosure [Abstract]
Guarantees, Fair Value Disclosure	334	291
Total Liabilities	334	291
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Corporate [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	383	432
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | U.S.Treasury, Govt and Agency [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | State and Political Sub-divisions [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	52	53
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Foreign Govts [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	0	22
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Commercial Mortgage-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	906	902
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Residential Mortgage-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	11	14
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Asset-backed [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	139	172
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Redeemable preferred stock [Member]
Investment Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	15	14
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Short Term Investments [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Swap [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	0	(2)
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Future [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Options Held [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Interest Rate Floor [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Swaptions [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets:	$ 0	$ 0

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INVESTMENTS (Derivatives) (DETAILS2) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Investments, Debt and Equity Securities [Abstract]
Collateralized derivative transactions	$ 1	$ 4
Collateral arrangements	29	3
Cash and securities collateral	1,691	1,438
S&P 500, Russell 1000, NASDAQ 100 and Emerging Market Indices [Member]
Exchange Traded Future Contract [Line Items]
Exchange-Traded Future Contract, Initial Margin Requirement	330
US Treasury Notes And Euro Dollars [Member]
Exchange Traded Future Contract [Line Items]
Exchange-Traded Future Contract, Initial Margin Requirement	121
Euro Stoxx, FTSE 100, EAFE And Topix Indices [Member]
Exchange Traded Future Contract [Line Items]
Exchange-Traded Future Contract, Initial Margin Requirement	$ 8

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RESTRUCTURING (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
AXA Equitable [Member]
Restructuring And Related Cost [Line Items]
Pre-tax charge related to severance costs	$ 2	$ 21	$ 13	$ 23
Alliance Bernstein [Member]
Restructuring And Related Cost [Line Items]
Pre-tax charge related to severance costs	4	4	17	9
AlllanceBernstein facility related pretax charge			$ 16

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FAIR VALUE DISCLOSURES 5 (DETAILS) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Consolidated Amounts [Abstract]
Mortgage Loans On Real Estate	$ 4,633	$ 4,281
Investment contracts	27,102	26,033
Loans to affiliates	1,039	1,041
Loans from affiliates	1,325	1,325
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Consolidated Amounts [Abstract]
Mortgage Loans On Real Estate	4,633	4,281
Other limited partnership interests	1,566	1,582
Investment contracts	2,495	2,549
Long-term debt	200	200
Loans to affiliates	1,039	1,041
Loans from affiliates	1,325	1,325
Portion at Fair Value, Fair Value Disclosure [Member]
Consolidated Amounts [Abstract]
Mortgage Loans On Real Estate	4,807	4,432
Other limited partnership interests	1,566	1,582
Investment contracts	2,676	2,713
Long-term debt	226	220
Loans to affiliates	1,148	1,097
Loans from affiliates	1,613	1,485
Portion at Fair Value, Fair Value Disclosure [Member] | Fair Value Inputs Level 1 [Member]
Consolidated Amounts [Abstract]
Mortgage Loans On Real Estate	0
Other limited partnership interests	0
Investment contracts	0
Long-term debt	0
Loans to affiliates	0
Loans from affiliates	0
Portion at Fair Value, Fair Value Disclosure [Member] | Fair Value Inputs Level 2 [Member]
Consolidated Amounts [Abstract]
Mortgage Loans On Real Estate	0
Other limited partnership interests	0
Investment contracts	0
Long-term debt	0
Loans to affiliates	744
Loans from affiliates	1,613
Portion at Fair Value, Fair Value Disclosure [Member] | Fair Value Inputs Level 3 [Member]
Consolidated Amounts [Abstract]
Mortgage Loans On Real Estate	4,807
Other limited partnership interests	1,566
Investment contracts	2,676
Long-term debt	226
Loans to affiliates	404
Loans from affiliates	$ 0

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ADOPTION AND FUTURE ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS

6 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Adoption And Future Adoption Of New Accounting Pronouncements [Abstract]

ADOPTION AND FUTURE ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS

2)ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS

In September 2011, the FASB issued new guidance on testing goodwill for impairment.  The guidance is intended to reduce the cost and complexity of the annual goodwill impairment test by providing entities with the option of performing a “qualitative” assessment to determine whether further impairment testing is necessary. The guidance was effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Implementation of this guidance did not have a material impact on the Company's consolidated financial statements.

In May 2011, the FASB amended its guidance on fair value measurements and disclosure requirements to enhance comparability between U.S. GAAP and IFRS. The changes to the existing guidance include how and when the valuation premise of highest and best use applies, the application of premiums and discounts, as well as new required disclosures. This guidance was effective for reporting periods beginning after December 15, 2011. Implementation of this guidance expanded the Company's fair value disclosures and did not have a material impact on the Company's consolidated financial statements.

In October 2010, the FASB issued authoritative guidance to address diversity in practice regarding the interpretation of which costs relating to the acquisition of new or renewal insurance contracts qualify for deferral. Under the amended guidance, an entity may defer incremental direct costs of contract acquisition with independent third parties or employees that are essential to the contract transaction, as well as the portion of employee compensation, including payroll fringe benefits and other costs directly related to underwriting, policy issuance and processing, medical inspection, and contract selling for successfully negotiated contracts. This amended guidance was effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 and permits, but does not require, retrospective application. The Company adopted this guidance effective January 1, 2012, and applied the retrospective method of adoption.

			As Previously Reported				Adjustment				As Adjusted
			December 31,				December 31,				December 31,
			2011		2010		2011		2010		2011		2010
			(In Millions)
Assets:
	Deferred policy acquisition costs		$	4,653	$	8,383	$	(1,108)	$	(1,880)	$	3,545	$	6,503
Liabilities:
	Income taxes payable			5,491		4,315		(387)		(658)		5,104		3,657
Equity:
	Retained earnings			10,120		8,085		(728)		(1,241)		9,392		6,844
	Accumulated other comprehensive
		income (loss)		(304)		(629)		7		19		(297)		(610)
	Total AXA Equitable's equity			15,561		13,051		(721)		(1,222)		14,840		11,829
	Total equity			18,264		16,169		(721)		(1,222)		17,543		14,947

The following table presents the effects of the retrospective application of the adoption of such new accounting guidance to the Company's previously reported consolidated statements of earnings (loss):

			As Previously
			Reported		Adjustment		As Adjusted
Three Months Ended June 30, 2011			(In Millions)
	Benefits and Other Deductions:
		Amortization of deferred policy acquisition costs	$	188	$	(74)	$	114
		Capitalization of deferred policy acquisition costs		(246)		69		(177)
	Earnings (loss) from continuing operations, before
		income taxes		1,196		5		1,201
	Income tax (expense) benefit			(401)		(1)		(402)
	Net earnings (loss)			795		4		799
	Net Earnings (Loss) Attributable to AXA Equitable			737		4		741
Six Months Ended June 30, 2011
	Benefits and Other Deductions:
		Amortization of deferred policy acquisition costs	$	565	$	(186)	$	379
		Capitalization of deferred policy acquisition costs		(470)		135		(335)
	Earnings (loss) from continuing operations, before
		income taxes		309		51		360
	Income tax (expense) benefit			(45)		(17)		(62)
	Net earnings (loss)			264		34		298
	Net Earnings (Loss) Attributable to AXA Equitable			135		34		169

The following table presents the effects of the retrospective application of the adoption of such new accounting guidance to the Company's previously reported consolidated statements of cash flows:

			As Previously
			Reported		Adjustment		As Adjusted
			(In Millions)
Six Months Ended June 30, 2011
	Cash flows from operating activities:
		Net earnings (loss)	$	264	$	34	$	298
		Change in deferred policy acquisition costs		95		(51)		44
		Change in income taxes payable		9		17		26

The following table presents the effects of the retrospective application of the adoption of such new accounting guidance to the Company's previously reported consolidated balance sheets:

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FAIR VALUE DISCLOSURES 1 (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Available-for-sale Securities, Fair Value Disclosure			$ 33,031		$ 32,011
Fair Value Freestanding Contract			1,545		1,536
Freestanding Contract As Percentage Of Other Invested Assets			68.20%		65.60%
Fair Value Adjustments On Over Counter Derivative Assets			5
Fair Value Adjustments On GMIB Asset			868		688
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	14		99	48
Fair Value, Level 2 to level 1 Transfers, Amount		21
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3			7	14
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Percentage			0.70%	0.40%
Fair Value Inputs Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Percentage Of Assets Measured At Fair Value On Recurring Basis By Inputs Level			70.30%		70.20%
Fair Value Inputs Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Percentage Of Assets Measured At Fair Value On Recurring Basis By Inputs Level			28.30%		28.20%
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, at Fair Value			1,847		1,718
Fair Value Inputs Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Percentage Of Assets Measured At Fair Value On Recurring Basis By Inputs Level			1.40%		1.60%
Fair Value Disclosures Broker Priced			227		347
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, at Fair Value			1,056		1,082
Public Fixed Maturities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Available-for-sale Securities, Fair Value Disclosure			25,330		24,534
Percentage Of Available For Sale Fixed Maturity Assets Measured At Fair Value On Recurring Basis			19.60%		19.80%
Private Fixed Maturities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Available-for-sale Securities, Fair Value Disclosure			$ 7,681		$ 7,459
Percentage Of Available For Sale Fixed Maturity Assets Measured At Fair Value On Recurring Basis			5.90%		6.00%

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ADOPTION AND FUTURE ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011	Dec. 31, 2010
ASSETS [Abstract]
Deferred policy acquisition costs	$ 3,622		$ 3,622		$ 3,545	$ 6,503
LIABILITIES [Abstract]
Income taxes payable	5,532		5,532		5,104	3,657
EQUITY [Abstract]
Retained earnings accumulated deficit	9,997		9,997		9,392	6,844
Accumulated other comprehensive income (loss)	84		84		(297)	(610)
Total AXA Equitable's Equity	15,826		15,826		14,840	11,829
Stockholders Equity Including Portion Attributable To Noncontrolling Interest	18,591	14,791	18,591	14,791	17,543	14,947
BENEFITS AND OTHER DEDUCTIONS [Abstract]
Amortization of deferred policy acquisition costs	245	114	328	379
Capitalization of deferred policy acquisition costs	(192)	(177)	(375)	(335)
Earnings (loss) from continuing operations before, income taxes	3,826	1,201	1,260	360
Income tax (expense) benefit	(1,358)	(402)	(365)	(62)
Net earnings (loss)	2,468	799	895	298
Net Earnings (Loss) Attributable to AXA Equitable	2,421	741	786	169
ADJUSTMENT TO RECONCILE NET EARNINGS (LOSS) TO NET CASH PROVIDED BY (USED IN) OPERATIONS
Net earnings (loss)	2,468	799	895	298
Change in deferred policy acquisition costs			(47)	44
Change in income taxes payable			203	26
As Reported [Member]
ASSETS [Abstract]
Deferred policy acquisition costs					4,653	8,383
LIABILITIES [Abstract]
Income taxes payable					5,491	4,315
EQUITY [Abstract]
Retained earnings accumulated deficit					10,120	8,085
Accumulated other comprehensive income (loss)					(304)	(629)
Total AXA Equitable's Equity					15,561	13,051
Stockholders Equity Including Portion Attributable To Noncontrolling Interest					18,264	16,169
BENEFITS AND OTHER DEDUCTIONS [Abstract]
Amortization of deferred policy acquisition costs		188		565
Capitalization of deferred policy acquisition costs		(246)		(470)
Earnings (loss) from continuing operations before, income taxes		1,196		309
Income tax (expense) benefit		(401)		(45)
Net earnings (loss)		795		264
Net Earnings (Loss) Attributable to AXA Equitable		737		135
ADJUSTMENT TO RECONCILE NET EARNINGS (LOSS) TO NET CASH PROVIDED BY (USED IN) OPERATIONS
Net earnings (loss)		795		264
Change in deferred policy acquisition costs				95
Change in income taxes payable				9
Adjustment [Member]
ASSETS [Abstract]
Deferred policy acquisition costs					(1,108)	(1,880)
LIABILITIES [Abstract]
Income taxes payable					(387)	(658)
EQUITY [Abstract]
Retained earnings accumulated deficit					(728)	(1,241)
Accumulated other comprehensive income (loss)					7	19
Total AXA Equitable's Equity					(721)	(1,222)
Stockholders Equity Including Portion Attributable To Noncontrolling Interest					(721)	(1,222)
BENEFITS AND OTHER DEDUCTIONS [Abstract]
Amortization of deferred policy acquisition costs		(74)		(186)
Capitalization of deferred policy acquisition costs		69		135
Earnings (loss) from continuing operations before, income taxes		5		51
Income tax (expense) benefit		(1)		(17)
Net earnings (loss)		4		34
Net Earnings (Loss) Attributable to AXA Equitable		4		34
ADJUSTMENT TO RECONCILE NET EARNINGS (LOSS) TO NET CASH PROVIDED BY (USED IN) OPERATIONS
Net earnings (loss)		4		34
Change in deferred policy acquisition costs				(51)
Change in income taxes payable				$ 17

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ORGANIZATIONS (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended			12 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2011 Alliance Bernstein [Member]	Jun. 30, 2012 AXA Equitable [Member]	Mar. 31, 2011 AXA Equitable [Member]	Dec. 31, 2011 AXA Equitable [Member]	Mar. 31, 2011 Parent Company [Member]	Jun. 30, 2012 Parent Company [Member]	Dec. 31, 2011 Parent Company [Member]
Sale of interest in AlllianceBerstein's consolidated Australian JV					50.00%
Economic Interest In Subsidiary		36.60%		37.30%		63.50%	64.60%
Purchase of interest in subsidiary	50.00%
Puarchase value of interest in subsidiary	$ 21
Increase in Equity			6
Noncontrolling Interest, Period Increase (Decrease)			$ (27)

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FAIR VALUE DISCLOSURES 2 (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended		3 Months Ended			6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended				6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended
	Jun. 30, 2012	Mar. 31, 2012	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012 Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Corporate [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Corporate [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Corporate [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Corporate [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Corporate [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Corporate [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Corporate [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Corporate [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 State and Political Sub-divisions [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 State and Political Sub-divisions [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 State and Political Sub-divisions [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 State and Political Sub-divisions [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 State and Political Sub-divisions [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 State and Political Sub-divisions [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Foreign Govts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Foreign Govts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Foreign Govts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Foreign Govts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Commercial Mortgage Backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Commercial Mortgage Backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Commercial Mortgage Backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Commercial Mortgage Backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Commercial Mortgage Backed Securities [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Commercial Mortgage Backed Securities [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Commercial Mortgage Backed Securities [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Commercial Mortgage Backed Securities [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Residential Mortgage Backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Residential Mortgage Backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Residential Mortgage Backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Residential Mortgage Backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Asset-backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Asset-backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Asset-backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Asset-backed Securities [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Asset-backed Securities [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Asset-backed Securities [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Asset-backed Securities [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Asset-backed Securities [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Redeemable Preferred Stock [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Redeemable Preferred Stock [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Redeemable Preferred Stock [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Redeemable Preferred Stock [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Redeemable Preferred Stock [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Equity Method Investments [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Equity Method Investments [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Equity Method Investments [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Equity Method Investments [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Equity Method Investments [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Equity Method Investments [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Equity Method Investments [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Equity Method Investments [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Other Invested Assets [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Other Invested Assets [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Other Invested Assets [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Other Invested Assets [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Other Invested Assets [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 GMIB Reinsurance Contracts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 GMIB Reinsurance Contracts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 GMIB Reinsurance Contracts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 GMIB Reinsurance Contracts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 GMIB Reinsurance Contracts [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 GMIB Reinsurance Contracts [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 GMIB Reinsurance Contracts [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 GMIB Reinsurance Contracts [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Separate Accounts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Separate Accounts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Separate Accounts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Separate Accounts [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Separate Accounts [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Separate Accounts [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Separate Accounts [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Separate Accounts [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Guarantees [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Guarantees [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Guarantees [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Guarantees [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Guarantees [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Guarantees [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Guarantees [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Guarantees [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Other Fixed Maturities Available For Sale [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Other Fixed Maturities Available For Sale [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Other Fixed Maturities Available For Sale [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Other Fixed Maturities Available For Sale [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Subtotal [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Subtotal [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Subtotal [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2011 Subtotal [Member] Fair Value Inputs Level 3 [Member]	Jun. 30, 2012 Subtotal [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Subtotal [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2012 Subtotal [Member] Level 3 Assets And Liabilities Held [Member]	Jun. 30, 2011 Subtotal [Member] Level 3 Assets And Liabilities Held [Member]
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Opening Balance						$ 394	$ 355	$ 432	$ 320					$ 52	$ 48	$ 53	$ 49			$ 20	$ 21	$ 22	$ 21	$ 933	$ 1,107	$ 902	$ 1,103					$ 12	$ 0	$ 14	$ 0	$ 165	$ 125	$ 172	$ 148					$ 14	$ 3	$ 14	$ 2		$ 59	$ 73	$ 77	$ 73					$ (59)	$ 0	$ (2)	$ 0		$ 8,704	$ 3,673	$ 10,547	$ 4,606					$ 221	$ 212	$ 215	$ 207					$ 193	$ 17	$ 291	$ 94
Total Gains Losses Realized Unrealized Included In [Abstract]
Net Investment Income (Loss)						0	1	0	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	4	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investment (gains) losses, net					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(51)	(21)	(54)	(20)	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3	0	8	1	3	3	8	0	0	0	0	0	0	0	0		0	0	0	1	3	3	8	0	0	0	0
Increase (decrease) in the fair value of the reinsurance contracts	0							0	0	0	0	0	0			0	0	0	0			0	0			0	0	0	0	0	0			0	0			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,631	641	743	(343)	2,677	694	834	(239)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,677	694	834	(239)		0	0	0
Policyholders' benefits										0	0	0	0					0	0									0	0	0	0									0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	129	40	25	(42)	(141)	(45)	(43)	32	0	0	0	0	(141)	(45)	(43)	32	0	0	0	0
Subtotal						0	1	0	2					0	0	0	0			0	0	0	0	(51)	(21)	(53)	(19)					0	0	0	0	0	0	0	1					0	0	0	0		0	0	0	0					0	0	0	0		2,631	641	743	(343)					1	3	4	8					129	40	25	(42)
Other comprehensive income (loss)						(2)	2	1	(2)	(2)	2	1	(1)	0	1	0	0	0	0	0	0	0	0	41	(6)	78	55	40	(7)	78	49	0	0	0	0	(1)	0	0	2	(1)	0	0	2	1	(1)	1	0	0	(1)	(1)	(19)	(1)	(1)	0	(19)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	36	(5)	60	50	37	(5)	79	50
Purchases						25	100	25	111					0	0	0	0			0	0	0	0	0	0	0	0					0	0	0	0	0	0	0	0					0	0	0	0		0	0	0	0					0	0	0	0		60	59	121	118					6	7	7	7					12	5	18	10
Issues						0	0	0	0					0	0	0	0			0	0	0	0	0	0	0	0					0	0	0	0	0	0	0	0					0	0	0	0		0	0	0	0					0	0	0	0		0	0	0	0					0	0	0	0					0	0	0	0
Sales						(21)	(6)	(25)	(10)					0	0	(1)	0			0	0	0	0	(17)	(76)	(21)	(135)					(1)	0	(3)	0	(7)	(9)	(13)	(16)					0	0	0	0		0	0	0	0					0	0	0	0		(14)	(6)	(30)	(14)					(4)	(1)	(2)	(1)					0	0	0	0
Settlements						0	0	0	0					0	0	0	0			0	0	0	0	0	0	0	0					0	0	0	0	0	0	0	0					0	0	0	0		0	0	0	0					0	0	0	0		0	0	0	0					(1)	0	(2)	0					0	0	0	0
Transfers into level 3			7	14		5	2	7	14					0	0	0	0			0	0	0	0	0	0	0	0					0	0	0	0	0	0	0	0					0	0	0	0		0	0	0	0					0	0	0	0		0	0	0	0					0	(1)	0	(1)					0	0	0	0
Transfers out of Level 3		14	99	48		(18)	(48)	(57)	(29)					0	0	0	0			(20)	0	(22)	0	0	0	0	0					0	0	0	0	(18)	0	(20)	(19)					0	0	0	0		0	0	0	0					59	0	2	0		0	0	0	0					(1)	0	0	0					0	0	0	0
Closing Balance						$ 383	$ 406	$ 383	$ 406					$ 52	$ 49	$ 52	$ 49			$ 0	$ 21	$ 0	$ 21	$ 906	$ 1,004	$ 906	$ 1,004					$ 11	$ 0	$ 11	$ 0	$ 139	$ 116	$ 139	$ 116					$ 15	$ 2	$ 15	$ 2		$ 58	$ 72	$ 58	$ 72					$ 0	$ 0	$ 0	$ 0		$ 11,381	$ 4,367	$ 11,381	$ 4,367					$ 222	$ 220	$ 222	$ 220					$ 334	$ 62	$ 334	$ 62

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INVESTMENTS (AVAILABLE FOR SALE SECURITIES) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 30,589		$ 30,589		$ 30,227
Gross Unrealized Gains	2,918		2,918		2,470
Gross Unrealized Losses	476		476		686
Fair Value	33,031		33,031		32,011
OTTI in AOCI (3)	18		18		28
Available For Sale Securities Debt Maturities Amortized Cost [Abstract]
Available For Sale Securities Debt Maturities Within One Year Amortized Cost	2,460		2,460
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Amortized Cost Basis	7,290		7,290
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Amortized Cost Basis	9,701		9,701
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	6,765		6,765
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	29,383		29,383
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Available-for-sale Securities, Debt Maturities, within One Year, Fair Value	2,495		2,495
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Fair Value	7,861		7,861
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Fair Value	10,708		10,708
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	7,843		7,843
Available For Sale Securities, Debt Maturities, Fair Value	31,839		31,839
Fixed Maturities - Credit Loss Impairments
Balances at beginning of period	(334)	(306)	(332)	(329)
Previously recognized impairments on securities that matured, paid, prepaid or sold	14	0	15	23
Recognized impairments on securities impaired to fair value this period (1)	0	0	0	0
Impairments recognized this period on securities not previously impaired	(17)	(22)	(20)	(22)
Additional impairments this period on securities previously impaired	(32)	0	(32)	0
Increases due to passage of time on previously recorded credit losses	0	0	0	0
Accretion of previously recognized impairments due to increases in expected cash flows	0	0	0	0
Balances at end of period	(369)	(328)	(369)	(328)
Available For Sale Fixed Maturities Proceeds Gross Gains And Gross Losses From Sales And Other Than Temporary Impairments [Abstract]
Proceeds From Sale Of Available For Sale Securities	28	62	28	273
Available For Sale Securities Gross Realized Gains	3	2	3	4
Available For Sale Securities Gross Realized Losses	(9)	0	(9)	(6)
Total other-than-temporary impairment losses	(50)	(23)	(53)	(23)
Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest	1	1	1	1
Credit losses recognized in earnings (loss)	(49)	(22)	(52)	(22)
Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	20,717		20,717		21,444
Gross Unrealized Gains	2,073		2,073		1,840
Gross Unrealized Losses	71		71		147
Fair Value	22,719		22,719		23,137
OTTI in AOCI (3)	0		0		0
U.S.Treasury, Govt and Agency [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	4,600		4,600		3,598
Gross Unrealized Gains	540		540		350
Gross Unrealized Losses	0		0		0
Fair Value	5,140		5,140		3,948
OTTI in AOCI (3)	0		0		0
US States and Political Subdivisions Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	448		448		478
Gross Unrealized Gains	79		79		64
Gross Unrealized Losses	1		1		2
Fair Value	526		526		540
OTTI in AOCI (3)	0		0		0
Foreign Government Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	451		451		461
Gross Unrealized Gains	71		71		65
Gross Unrealized Losses	0		0		1
Fair Value	522		522		525
OTTI in AOCI (3)	0		0		0
Commercial Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	1,231		1,231		1,306
Gross Unrealized Gains	10		10		7
Gross Unrealized Losses	335		335		411
Fair Value	906		906		902
OTTI in AOCI (3)	13		13		22
Available For Sale Securities Debt Maturities Amortized Cost [Abstract]
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	1,231		1,231
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	906		906
Residential Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	1,713		1,713		1,556
Gross Unrealized Gains	87		87		90
Gross Unrealized Losses	0		0		0
Fair Value	1,800		1,800		1,646
OTTI in AOCI (3)	0		0		0
Available For Sale Securities Debt Maturities Amortized Cost [Abstract]
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	1,713		1,713
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	1,800		1,800
Asset-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	223		223		260
Gross Unrealized Gains	11		11		15
Gross Unrealized Losses	8		8		11
Fair Value	226		226		264
OTTI in AOCI (3)	5		5		6
Available For Sale Securities Debt Maturities Amortized Cost [Abstract]
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	223		223
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	226		226
Redeemable Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	1,187		1,187		1,106
Gross Unrealized Gains	46		46		38
Gross Unrealized Losses	61		61		114
Fair Value	1,172		1,172		1,030
OTTI in AOCI (3)	0		0		0
Fixed Maturities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	30,570		30,570		30,209
Gross Unrealized Gains	2,917		2,917		2,469
Gross Unrealized Losses	476		476		686
Fair Value	33,011		33,011		31,992
OTTI in AOCI (3)	18		18		28
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	19		19		18
Gross Unrealized Gains	1		1		1
Gross Unrealized Losses	0		0		0
Fair Value	20		20		19
OTTI in AOCI (3)	0		0		0
Trading Fixed Maturities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	255		255		172
Gross Unrealized Gains	4		4		4
Gross Unrealized Losses	4		4		4
Fair Value	$ 255		$ 255		$ 172

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INVESTMENTS (NET UNREALIZED INVESTMENTS) (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended			3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2012	Dec. 31, 2011	Jun. 30, 2012 Net Unrealized Gains (Losses) On Investmetns [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2011 Net Unrealized Gains (Losses) On Investmetns [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2012 Net Unrealized Gains (Losses) On Investmetns [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2011 Net Unrealized Gains (Losses) On Investmetns [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2012 Net Unrealized Gains (Losses) On Investmetns [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2011 Net Unrealized Gains (Losses) On Investmetns [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2012 Net Unrealized Gains (Losses) On Investmetns [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2011 Net Unrealized Gains (Losses) On Investmetns [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2011 DAC [Member]	Jun. 30, 2012 DAC [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2011 DAC [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2012 DAC [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2011 DAC [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2012 DAC [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2011 DAC [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2012 DAC [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2011 DAC [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2012 Policyholders Liabilities [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2011 Policyholders Liabilities [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2012 Policyholders Liabilities [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2011 Policyholders Liabilities [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2012 Policyholders Liabilities [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2011 Policyholders Liabilities [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2012 Policyholders Liabilities [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2011 Policyholders Liabilities [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2012 Deferred Income Tax Asset Liability [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2011 Deferred Income Tax Asset Liability [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2012 Deferred Income Tax Asset Liability [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2011 Deferred Income Tax Asset Liability [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2012 Deferred Income Tax Asset Liability [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2011 Deferred Income Tax Asset Liability [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2012 Deferred Income Tax Asset Liability [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2011 Deferred Income Tax Asset Liability [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2012 AOCI Gain Losses Related to Net Unrealized Investment Gains Losses [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2011 AOCI Gain Losses Related to Net Unrealized Investment Gains Losses [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2012 AOCI Gain Losses Related to Net Unrealized Investment Gains Losses [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2011 AOCI Gain Losses Related to Net Unrealized Investment Gains Losses [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2012 AOCI Gain Losses Related to Net Unrealized Investment Gains Losses [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2011 AOCI Gain Losses Related to Net Unrealized Investment Gains Losses [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2012 AOCI Gain Losses Related to Net Unrealized Investment Gains Losses [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2011 AOCI Gain Losses Related to Net Unrealized Investment Gains Losses [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2012 Fixed Maturities [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Dec. 31, 2011 Fixed Maturities [Member] Unrealized Investment Gains (Losses) With OTTI Losses [Member]	Jun. 30, 2012 Fixed Maturities [Member] Unrealized Investment Gains Losses All Other [Member]	Dec. 31, 2011 Fixed Maturities [Member] Unrealized Investment Gains Losses All Other [Member]	Jun. 30, 2012 Equity Securities [Member] Unrealized Investment Gains Losses All Other [Member]	Dec. 31, 2011 Equity Securities [Member] Unrealized Investment Gains Losses All Other [Member]
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year		$ 2,442	$ 1,784	$ (28)	$ (10)	$ (47)	$ (16)	$ 1,789	$ 905	$ 1,831	$ 889		$ 1	$ 2	$ 5	$ 3	$ (111)	$ (106)	$ (206)	$ (108)	$ 4	$ 3	$ 6	$ 2	$ (380)	$ (114)	$ (385)	$ (121)	$ 8	$ 2	$ 12	$ 4	$ (455)	$ (240)	$ (433)	$ (232)	$ (15)	$ (3)	$ (24)	$ (7)	$ 843	$ 445	$ 807	$ 428	$ (14)	$ (47)	$ 2,455	$ 1,830	$ 1	$ 1
Net unrealized gains (losses) arising during the year	0			(17)	2	2	8	644	251	601	267		0	0	0	0	0	0	0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(17)	2	2	8	644	251	601	267
Reclassification adjustment for OTTI losses Included in Net earnings (loss)				32	0	32	0	22	17	23	17		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	32	0	32	0	22	17	23	17
Reclassification adjustment for OTTI losses excluded from Net earnings (loss)				(1)	(1)	(1)	(1)	1	1	1	1	0	0	0	0		0	0	0	0	0	0	0	0	0	0	0	0	0		0	0	0	0	0	0	(1)	(1)	(1)	(1)	1	1	1	1
Impact of net unrealized investment gains (losses) on DAC				0	0	0	0	0	0	0	0		0	(1)	(4)	(2)	(61)	(29)	34	(27)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(1)	(4)	(2)	(61)	(29)	34	(27)
Impact of net unrealized investment gains (losses) on Deferred income taxes				0	0	0	0	0	0	0	0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(5)	0	(9)	(2)	(204)	(68)	(226)	(76)	(5)	0	(9)	(2)	(204)	(68)	(226)	(76)
Impact of net unrealized investment gains (losses) on Policyholders liabilities				0	0	0	0	0	0	0	0		0	0	0	0	0	0	0	0	(1)	(1)	(3)	0	(22)	(46)	(17)	(39)	0	0	0	0	0	0	0	0	(1)	(1)	(3)	0	(22)	(46)	(17)	(39)
Balance, End of Period		$ 2,442	$ 1,784	$ (14)	$ (9)	$ (14)	$ (9)	$ 2,456	$ 1,174	$ 2,456	$ 1,174		$ 1	$ 1	$ 1	$ 1	$ (172)	$ (135)	$ (172)	$ (135)	$ 3	$ 2	$ 3	$ 2	$ (402)	$ (160)	$ (402)	$ (160)	$ 3	$ 2	$ 3	$ 2	$ (659)	$ (308)	$ (659)	$ (308)	$ (7)	$ (4)	$ (7)	$ (4)	$ 1,223	$ 571	$ 1,223	$ 571	$ (14)	$ (47)	$ 2,455	$ 1,830	$ 1	$ 1

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ORGANIZATION

12 Months Ended

Dec. 31, 2011

Organization [Abstract]

ORGANIZATION

AXA EQUITABLE LIFE INSURANCE COMPANY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

1)       ORGANIZATION AND BASIS OF PRESENTATION

The preparation of the accompanying unaudited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions (including normal, recurring accruals) that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates. The accompanying unaudited interim consolidated financial statements reflect all adjustments necessary in the opinion of management for a fair presentation of the consolidated financial position of AXA Equitable and its consolidated results of operations and cash flows for the periods presented. All significant intercompany transactions and balances have been eliminated in consolidation. Certain reclassifications have been made in the amounts presented for prior periods to conform those periods to the current presentation. These statements should be read in conjunction with the audited consolidated financial statements of AXA Equitable for the year ended December 31, 2011. The results of operations for the six months ended June 30, 2012 are not necessarily indicative of the results to be expected for the full year.

At June 30, 2012 and December 31, 2011, the Company's economic interest in AllianceBernstein was 36.6% and 37.3%, respectively. At June 30, 2012 and December 31, 2011, respectively, AXA and its subsidiaries' (including AXA Financial Group) economic interest in AllianceBernstein was approximately 63.5% and 64.6%.

In the first quarter of 2011, AXA sold its 50% interest in AllianceBernstein's consolidated Australian joint venture to an unaffiliated third party as part of a larger transaction. On March 31, 2011, AllianceBernstein purchased that 50% interest from the unaffiliated third party, making this Australian entity a wholly-owned subsidiary. AllianceBernstein purchased the remaining 50% interest for $21 million. As a result, the Company's Noncontrolling interest decreased $27 million and AXA Equitable's equity increased $6 million.

The terms “second quarter 2012” and “second quarter 2011” refer to the three months ended June 30, 2012 and 2011, respectively. The terms “first six months of 2012” and “first six months of 2011” refer to the six months ended June 30, 2012 and2011, respectively.

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INVESTMENTS (FIXED MATURITIES AVAILABLE FOR SALE) (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Investments, Debt and Equity Securities [Abstract]
Number Of Fixed Maturities In An Unrealized Loss Position Greater Than 12 Months	358		358		535
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 873		$ 873		$ 2,558
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(27)		(27)		(152)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1,847		1,847		1,563
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(449)		(449)		(534)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	2,720		2,720		4,121
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(476)		(476)		(686)
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale Securities, Amortized Cost Basis	30,589		30,589		30,227
Accumulated Other Comprehensive Income Unrealized Gain Loss On Available For Sale Securities	2,442		2,442		1,784
The carrying value of fixed maturities non-income producing	14		14
Investment Income Investment Expense	13	8	26	25
Trading Securities, Cost	1,503		1,503		1,014
Trading Securities, Fair Value Disclosure	1,527		1,527		982
Separate Account Equity Investment Carrying Value	50		50		48
Separate Account Equity Investment Cost	50		50		50
Equity Securities, Carrying Value	20		20		19
Equity Securities, Amortized Cost	19		19		18
Net Realized and Unrealized Gain (Loss) on Trading Securities	(16)	(5)	32	9
Other Than Investment Grade [Member]
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale Securities, Amortized Cost Basis Other Than Investment Grade	2,266		2,266		2,179
Percentage Of Available For Sale Securities	7.40%		7.40%		7.20%
Subprime residential mortgage loans [Member]
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Other Investments and Securities, at Cost	20		20		23
Alt residential mortgage loans [Member]
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Other Investments and Securities, at Cost	12		12		13
Corporate Debt Securities [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	661		661		1,910
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(23)		(23)		(96)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	486		486		389
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(48)		(48)		(51)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,147		1,147		2,299
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(71)		(71)		(147)
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Debt Securities Exposure In Single Issuer Greater Than Stated Percentage Of Total Investments	0.30%		0.30%
Debt Securities Exposure In Single Issuer Of Total Investments	139		139		139
Available-for-sale Securities, Amortized Cost Basis	20,717		20,717		21,444
U.S.Treasury, Govt and Agency [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0		0		149
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	0		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	0		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	0		0		149
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	0		0		0
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale Securities, Amortized Cost Basis	4,600		4,600		3,598
US States and Political Subdivisions Debt Securities [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	0		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	19		19		18
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(1)		(1)		(2)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	19		19		18
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(1)		(1)		(2)
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale Securities, Amortized Cost Basis	448		448		478
Foreign Government Debt Securities [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	1		1		30
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	0		0		(1)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	2		2		5
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	0		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	3		3		35
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	0		0		(1)
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale Securities, Amortized Cost Basis	451		451		461
Commercial Mortgage Backed Securities [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	64		64		79
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(4)		(4)		(27)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	789		789		781
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(331)		(331)		(384)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	853		853		860
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(335)		(335)		(411)
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale Securities, Amortized Cost Basis	1,231		1,231		1,306
Residential Mortgage Backed Securities [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	131		131		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	0		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1		1		1
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	0		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	132		132		1
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	0		0		0
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale Securities, Amortized Cost Basis	1,713		1,713		1,556
Asset-backed Securities [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0		0		49
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	0		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	42		42		44
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(8)		(8)		(11)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	42		42		93
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(8)		(8)		(11)
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale Securities, Amortized Cost Basis	223		223		260
Redeemable Preferred Stock [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	16		16		341
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	0		0		(28)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	508		508		325
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(61)		(61)		(86)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	524		524		666
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(61)		(61)		(114)
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale Securities, Amortized Cost Basis	1,187		1,187		1,106
Fixed Maturities [Member]
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale Securities, Amortized Cost Basis	30,570		30,570		30,209
Fixed Maturities [Member] | Other Than Investment Grade [Member]
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Accumulated Other Comprehensive Income Unrealized Gain Loss On Available For Sale Securities	$ 361		$ 361		$ 455

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GMDB, GMIB, GWBL AND NO LAPSE GUARANTEE FEATURES (DETAILS1) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Dec. 31, 2011
Net Amount At Risk By Product And Guarantee [Line Items]
GWBL and other guaranteed benefits related liability	$ 334	$ 291
Guaranteed Minimum Death Benefit [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Account Value Invested In General Account	13,411
Account Value Invested In Separate Accounts	73,350	70,194
Net amount at risk, gross	19,272
Net amount at risk, net of amounts reinsured	9,553
Average attained age of contractholders	53.5
Percentage of contractholders over age 70	14.50%
Guaranteed Minimum Death Benefit [Member] | Minimum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	3.0
Guaranteed Minimum Death Benefit [Member] | Maximum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	6.5
Guaranteed Minimum Death Benefit [Member] | Return Of Premium [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Account Value Invested In General Account	12,599
Account Value Invested In Separate Accounts	28,970
Net amount at risk, gross	1,129
Net amount at risk, net of amounts reinsured	1,129
Average attained age of contractholders	49.3
Percentage of contractholders over age 70	8.10%
Guaranteed Minimum Death Benefit [Member] | Ratchet [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Account Value Invested In General Account	225
Account Value Invested In Separate Accounts	7,157
Net amount at risk, gross	1,089
Net amount at risk, net of amounts reinsured	672
Average attained age of contractholders	63.5
Percentage of contractholders over age 70	28.30%
Guaranteed Minimum Death Benefit [Member] | Roll Up [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Account Value Invested In General Account	108
Account Value Invested In Separate Accounts	3,718
Net amount at risk, gross	2,837
Net amount at risk, net of amounts reinsured	1,925
Average attained age of contractholders	69.1
Percentage of contractholders over age 70	48.50%
Guaranteed Minimum Death Benefit [Member] | Roll Up [Member] | Minimum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	3.0
Guaranteed Minimum Death Benefit [Member] | Roll Up [Member] | Maximum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	6.0
Guaranteed Minimum Death Benefit [Member] | Combo [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Account Value Invested In General Account	479
Account Value Invested In Separate Accounts	33,505
Net amount at risk, gross	14,217
Net amount at risk, net of amounts reinsured	5,827
Average attained age of contractholders	64.3
Percentage of contractholders over age 70	29.80%
Guaranteed Minimum Death Benefit [Member] | Combo [Member] | Minimum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	3.0
Guaranteed Minimum Death Benefit [Member] | Combo [Member] | Maximum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	6.5
Guaranteed Minimum Income Benefit [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Account Value Invested In General Account	650
Account Value Invested In Separate Accounts	47,680	45,887
Net amount at risk, gross	12,140
Net amount at risk, net of amounts reinsured	3,352
Weighted average years remaining until annuitization	4.6
Guaranteed Minimum Income Benefit [Member] | Minimum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	3.0
Guaranteed Minimum Income Benefit [Member] | Maximum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	6.5
Guaranteed Minimum Income Benefit [Member] | Roll Up [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Account Value Invested In General Account	24
Account Value Invested In Separate Accounts	2,486
Net amount at risk, gross	2,051
Net amount at risk, net of amounts reinsured	607
Weighted average years remaining until annuitization	0.4
Guaranteed Minimum Income Benefit [Member] | Roll Up [Member] | Minimum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	3.0
Guaranteed Minimum Income Benefit [Member] | Roll Up [Member] | Maximum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	6.5
Guaranteed Minimum Income Benefit [Member] | Combo [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Account Value Invested In General Account	626
Account Value Invested In Separate Accounts	45,194
Net amount at risk, gross	10,089
Net amount at risk, net of amounts reinsured	$ 2,745
Weighted average years remaining until annuitization	4.9
Guaranteed Minimum Income Benefit [Member] | Combo [Member] | Minimum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	3.0
Guaranteed Minimum Income Benefit [Member] | Combo [Member] | Maximum [Member]
Net Amount At Risk By Product And Guarantee [Line Items]
Range of contractually specified interest rates	6.5

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BUSINESS SEGMENT INFORMATION (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Segment Reporting Information [Line Items]
Segment revenues	$ 6,475	$ 3,402	$ 5,523	$ 4,713
Investment Advisory Fees	15	14	29	29
Segment earnings (loss) from continuing operations, before income taxes	3,826	1,201	1,260	360
Total Assets	172,063		172,063		164,908
Insurance [Member]
Segment Reporting Information [Line Items]
Segment revenues	5,836	2,677	4,209	3,239
Segment earnings (loss) from continuing operations, before income taxes	3,747	1,101	1,082	139
Total Assets	160,312		160,312		153,099
Investment Management [Member]
Segment Reporting Information [Line Items]
Segment revenues	646	729	1,326	1,484
Segment earnings (loss) from continuing operations, before income taxes	80	99	179	220
Total Assets	11,755		11,755		11,811
Consolidation Eliminations [Member]
Segment Reporting Information [Line Items]
Segment revenues	(7)	(4)	(12)	(10)
Segment earnings (loss) from continuing operations, before income taxes	(1)	1	(1)	1
Total Assets	$ (4)		$ (4)		$ (2)

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CONSOLIDATED BALANCE SHEET (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
ASSETS [Abstract]
Fixed maturities available for sale, at fair value	$ 33,011	$ 31,992
Mortgage Loans On Real Estate	4,633	4,281
Equity real estate, held for the production of income	104	99
Policy loans	3,526	3,542
Other equity investments	1,708	1,707
Trading securities	1,527	982
Other invested assets	2,265	2,340
Total investments	46,774	44,943
Cash and cash equivalents	3,614	3,227
Cash and securities segregated, at fair value	1,155	1,280
Broker-dealer related receivables	1,432	1,327
Deferred policy acquisition costs	3,622	3,545
Goodwill and other intangible assets, net	3,685	3,697
Amounts due from reinsurers	3,597	3,542
Loans to affiliates	1,039	1,041
Guaranteed minimum income benefit reinsurance contract asset, at fair value	11,381	10,547
Other assets	5,474	5,340
Separate Accounts' assets	90,290	86,419
Total Assets	172,063	164,908
LIABILITIES [Abstract]
Policyholders' account balances	27,102	26,033
Future policy benefits, policyholders account balances and other	21,937	21,595
Broker-dealer related payables	767	466
Amounts due to reinsurers	64	74
Customers related payables	1,819	1,889
Short-term and long-term debt	476	645
Loans from affiliates	1,325	1,325
Income taxes payable	5,532	5,104
Other liabilities	4,160	3,815
Separate Accounts' liabilities	90,290	86,419
Liabilities	153,472	147,365
Commitments and contingent liabilities (Notes 10 and 11)	0	0
AXA Equitable's equity:
Common stock, $1.25 par value, 2,000 million shares authorized, issued and outstanding	2	2
Capital in excess of par value	5,743	5,743
Retained earnings	9,997	9,392
Accumulated other comprehensive income (loss)	84	(297)
Total AXA Equitable's equity	15,826	14,840
Noncontrolling interest	2,765	2,703
Equity	18,591	17,543
Total Liabilities and Equity	$ 172,063	$ 164,908

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FAIR VALUE DISCLOSURES 3 (DETAILS) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Corporate [Member]
Fair Value Inputs [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	383
Corporate [Member] | Discounted Cash Flow Valuation Technique [Member]
Fair Value Inputs [Abstract]
Bond Equivalent Yield	10.70%
Spread Over Industry Yield Curve BPS	909
Corporate [Member] | Matrix Pricing Model Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Spread Over Industry Yield Curve Percentage	0.00%
Corporate [Member] | Matrix Pricing Model Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Spread Over Industry Yield Curve Percentage	6.50%
Corporate [Member] | Concensus Pricing Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Offered Quotes	54
Corporate [Member] | Concensus Pricing Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Offered Quotes	119
State and Political Sub-divisions [Member]
Fair Value Inputs [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	52
State and Political Sub-divisions [Member] | Concensus Pricing Valuation Technique [Member]
Fair Value Inputs [Abstract]
Offered Quotes	119
Commercial Mortgage-backed [Member]
Fair Value Inputs [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	906
Commercial Mortgage-backed [Member] | Discounted Cash Flow Valuation Technique [Member]
Fair Value Inputs [Abstract]
Probability Of Default	55.00%
Loss Severity	49.00%
Commercial Mortgage-backed [Member] | Discounted Cash Flow Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Constant Default Rate	3.00%
Discount Rate	4.00%
Commercial Mortgage-backed [Member] | Discounted Cash Flow Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Constant Default Rate	25.00%
Discount Rate	15.00%
Commercial Mortgage-backed [Member] | Concensus Pricing Valuation Technique [Member]
Fair Value Inputs [Abstract]
Offered Quotes	102
Residential Mortgage-backed [Member]
Fair Value Inputs [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	11
Residential Mortgage-backed [Member] | Discounted Cash Flow Valuation Technique [Member]
Fair Value Inputs [Abstract]
Constant Prepayment Rate	415.00%
Residential Mortgage-backed [Member] | Matrix Pricing Model Valuation Technique [Member]
Fair Value Inputs [Abstract]
Spread Over US Treasury Curve	0.46%
Asset-backed [Member]
Fair Value Inputs [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	139
Asset-backed [Member] | Discounted Cash Flow Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Probability Of Default	0.00%
Loss Severity	0.00%
Constant Prepayment Rate	0.50%
Spread Over US Treasury Curve	2.55%
Asset-backed [Member] | Discounted Cash Flow Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Probability Of Default	30.00%
Loss Severity	99.00%
Constant Prepayment Rate	14.30%
Spread Over US Treasury Curve	7.93%
Asset-backed [Member] | Matrix Pricing Model Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Spread Over US Treasury Curve	0.00%
Asset-backed [Member] | Matrix Pricing Model Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Spread Over US Treasury Curve	6.90%
Asset-backed [Member] | Concensus Pricing Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Offered Quotes	18
Asset-backed [Member] | Concensus Pricing Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Offered Quotes	109
Redeemable preferred stock [Member]
Fair Value Inputs [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	15
Redeemable preferred stock [Member] | Discounted Cash Flow Valuation Technique [Member]
Fair Value Inputs [Abstract]
Bond Equivalent Yield	8.60%
Equity Method Investments [Member]
Fair Value Inputs [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	58
Equity Method Investments [Member] | Market Comparable Companies Valuation Technique [Member]
Fair Value Inputs [Abstract]
Discount Rate	18.00%
Equity Method Investments [Member] | Market Comparable Companies Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Revenue Multiple	0.6
Research And Development Multiple Years	1.3
Discount Years	1
Discount For Lack Of Marketability Risk Factors	50.00%
Equity Method Investments [Member] | Market Comparable Companies Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Revenue Multiple	84.1
Research And Development Multiple Years	15.2
Discount Years	2
Discount For Lack Of Marketability Risk Factors	60.00%
Separate Accounts [Member]
Fair Value Inputs [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	222
Separate Accounts [Member] | Discounted Cash Flow Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Discount Rate	1.00%
Spread Over US Treasury Curve	2.96%
Inflation Rate	2.00%
Separate Accounts [Member] | Discounted Cash Flow Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Discount Rate	3.00%
Spread Over US Treasury Curve	3.90%
Inflation Rate	3.00%
Separate Accounts [Member] | Third Party Appraisal Valuation Technique [Member]
Fair Value Inputs [Abstract]
Discount Rate	7.70%
Capitalization Rate	5.40%
Exit Capitalization Rate	6.60%
GMIB Reinsurance Contracts [Member]
Fair Value Inputs [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	11,381
GMIB Reinsurance Contracts [Member] | Discounted Cash Flow Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Lapse Rates	0.90%
Withdrawal Rates	0.20%
GMIB Utilization Rates	0.00%
Non Performance Risk	0.20%
Volatility Rates- Equity	26.00%
GMIB Reinsurance Contracts [Member] | Discounted Cash Flow Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Lapse Rates	8.00%
Withdrawal Rates	8.00%
GMIB Utilization Rates	15.00%
Non Performance Risk	0.84%
Volatility Rates- Equity	38.00%
GMWB And GWBL [Member]
Fair Value Inputs [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	227
GMWB And GWBL [Member] | Discounted Cash Flow Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Lapse Rates	1.00%
Withdrawal Rates	0.00%
Volatility Rates- Equity	26.00%
GMWB And GWBL [Member] | Discounted Cash Flow Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Lapse Rates	8.00%
Withdrawal Rates	7.00%
Volatility Rates- Equity	38.00%

XML

CONSOLIDATED STATEMENTS OF EQUITY (USD $) In Millions	Total	Total AXA Equitable equity	Common Stock [Member]	Capital in excess of par value	Retained earnings	Accumulated other comprehensive income (loss)	Noncontrolling interest
Beginning of year balance, as adjusted at Dec. 31, 2009
Impact of implementing new accounting guidance, net of taxes					$ (1,241)	$ 19
End of year at Dec. 31, 2010	14,947		2	5,593	8,085	(629)	3,118
Beginning of year balance, as adjusted at Dec. 31, 2010					6,844	(610)
Net earnings (loss)	298				169		129
Other Comprehensive Income (Loss), Net Of Tax	141					131	10
Purchase of AllianceBernstein Units by noncontrolling interest							1
Purchase of noncontrolling interest in consolidated entity							(32)
Repurchase of AllianceBernstein Holding units							65
Dividends and distributions							(179)
Other				19			40
End of year at Jun. 30, 2011	14,791	11,769	2	5,612	6,634	(479)	3,022
Beginning of year at Dec. 31, 2010			2		8,085	(629)
Beginning of year balance, as adjusted at Dec. 31, 2010					6,844	(610)
Impact of implementing new accounting guidance, net of taxes					(728)	7
End of year at Dec. 31, 2011	17,543		2	5,743	10,120	(304)	2,703
Beginning of year balance, as adjusted at Dec. 31, 2011					9,392	(297)
Net earnings (loss)	895				786		109
Other Comprehensive Income (Loss), Net Of Tax	380					381	(1)
Purchase of AllianceBernstein Units by noncontrolling interest							0
Purchase of noncontrolling interest in consolidated entity							0
Repurchase of AllianceBernstein Holding units							61
Dividends and distributions							(96)
Other				0			111
End of year at Jun. 30, 2012	$ 18,591	$ 15,826	$ 2	$ 5,743	$ 9,997	$ 84	$ 2,765

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INVESTMENTS ( M Loans) (DETAILS2) (USD $) In Millions, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2012	Dec. 31, 2011
Commercial Real Estate Portfolio Segment [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 3,222	$ 2,976
Age Analysis of Past Due Mortgage Loans [Abstract]
30 to 59 Days Past Due	0	61
60 to 89 Days Past Due	0	0
Greater than 90 Days Past Due	0	0
Total Past Due	0	61
Current	3,222	2,915
Total financing receivables	3,222	2,976
Recorded Investment 90 Days Past Due and Still Accruing	0	0
Commercial Real Estate Portfolio Segment [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	603	383
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	603	383
Commercial Real Estate Portfolio Segment [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	204	293
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	204	293
Commercial Real Estate Portfolio Segment [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	914	844
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	914	844
Commercial Real Estate Portfolio Segment [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	1,074	754
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	1,074	754
Commercial Real Estate Portfolio Segment [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	247	585
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	247	585
Commercial Real Estate Portfolio Segment [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	180	117
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	180	117
Commercial Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	186	276
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	186	276
Commercial Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	151	182
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	151	182
Commercial Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Commercial Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	6	33
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	6	33
Commercial Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	1	30
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	1	30
Commercial Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	28	31
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	28	31
Commercial Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Commercial Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	1,679	1,216
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	1,679	1,216
Commercial Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	452	201
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	452	201
Commercial Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	163	252
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	163	252
Commercial Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	652	447
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	652	447
Commercial Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	412	271
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	412	271
Commercial Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	45
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	45
Commercial Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Commercial Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	847	852
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	847	852
Commercial Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Commercial Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	41	41
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	41	41
Commercial Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	187	280
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	187	280
Commercial Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	466	318
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	466	318
Commercial Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	138	213
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	138	213
Commercial Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	15	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	15	0
Commercial Real Estate Portfolio Segment [Member] | More than ninty percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	510	632
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	510	632
Commercial Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Commercial Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Commercial Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	69	84
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	69	84
Commercial Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	195	135
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	195	135
Commercial Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	81	296
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	81	296
Commercial Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	165	117
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	165	117
Commercial Real Estate Portfolio Segment [Member] | With No Related Allowance Recorded [Member]
Impaired Mortgage Loans [Abstract]
Recorded Investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Average Record investments	0	0
Interest Income recognized	0	0
Commercial Real Estate Portfolio Segment [Member] | With Related Allowance Recorded [Member]
Impaired Mortgage Loans [Abstract]
Recorded Investment	170	202
Unpaid principal balance	170	202
Related allowance	(34)	(32)
Average Record investments	175	152
Interest Income recognized	2	8
Agricultural Real Estate Portfolio Segment [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	1,445	1,337
Age Analysis of Past Due Mortgage Loans [Abstract]
30 to 59 Days Past Due	4	5
60 to 89 Days Past Due	2	1
Greater than 90 Days Past Due	13	7
Total Past Due	19	13
Current	1,426	1,324
Total financing receivables	1,445	1,337
Recorded Investment 90 Days Past Due and Still Accruing	0	3
Agricultural Real Estate Portfolio Segment [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	253	218
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	253	218
Agricultural Real Estate Portfolio Segment [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	119	104
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	119	104
Agricultural Real Estate Portfolio Segment [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	297	276
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	297	276
Agricultural Real Estate Portfolio Segment [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	429	406
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	429	406
Agricultural Real Estate Portfolio Segment [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	277	272
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	277	272
Agricultural Real Estate Portfolio Segment [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	70	61
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	70	61
Agricultural Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	883	859
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	883	859
Agricultural Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	159	150
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	159	150
Agricultural Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	94	89
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	94	89
Agricultural Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	180	175
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	180	175
Agricultural Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	249	247
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	249	247
Agricultural Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	190	190
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	190	190
Agricultural Real Estate Portfolio Segment [Member] | Zero to fifty percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	11	8
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	11	8
Agricultural Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	551	469
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	551	469
Agricultural Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	94	68
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	94	68
Agricultural Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	25	15
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	25	15
Agricultural Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	117	101
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	117	101
Agricultural Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	179	158
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	179	158
Agricultural Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	85	82
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	85	82
Agricultural Real Estate Portfolio Segment [Member] | Fifty to seventy percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	51	45
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	51	45
Agricultural Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	11	9
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	11	9
Agricultural Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Agricultural Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Agricultural Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Agricultural Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	1	1
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	1	1
Agricultural Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	2	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	2	0
Agricultural Real Estate Portfolio Segment [Member] | Seventy to ninty percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	8	8
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	8	8
Agricultural Real Estate Portfolio Segment [Member] | More than ninty percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Agricultural Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Agricultural Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Agricultural Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Agricultural Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Agricultural Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Agricultural Real Estate Portfolio Segment [Member] | More than ninty percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Agricultural Real Estate Portfolio Segment [Member] | With No Related Allowance Recorded [Member]
Impaired Mortgage Loans [Abstract]
Recorded Investment	4	5
Unpaid principal balance	4	5
Related allowance	0	0
Average Record investments	4	5
Interest Income recognized	0	0
Agricultural Real Estate Portfolio Segment [Member] | With Related Allowance Recorded [Member]
Impaired Mortgage Loans [Abstract]
Recorded Investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Average Record investments	0	0
Interest Income recognized	0	0
Total Mortgages Loan [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	4,667	4,313
Age Analysis of Past Due Mortgage Loans [Abstract]
30 to 59 Days Past Due	4	66
60 to 89 Days Past Due	2	1
Greater than 90 Days Past Due	13	7
Total Past Due	19	74
Current	4,648	4,239
Total financing receivables	4,667	4,313
Recorded Investment 90 Days Past Due and Still Accruing	0	3
Impaired Mortgage Loans [Abstract]
Recorded Investment	170
Unpaid principal balance	170
Related allowance	(34)
Average Record investments	175
Interest Income recognized	2
Total Mortgages Loan [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	856	601
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	856	601
Total Mortgages Loan [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	323	397
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	323	397
Total Mortgages Loan [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	1,211	1,120
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	1,211	1,120
Total Mortgages Loan [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	1,503	1,160
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	1,503	1,160
Total Mortgages Loan [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	524	857
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	524	857
Total Mortgages Loan [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	250	178
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	250	178
Total Mortgages Loan [Member] | Zero to fifty percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	1,069	1,135
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	1,069	1,135
Total Mortgages Loan [Member] | Zero to fifty percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	310	332
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	310	332
Total Mortgages Loan [Member] | Zero to fifty percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	94	89
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	94	89
Total Mortgages Loan [Member] | Zero to fifty percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	186	208
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	186	208
Total Mortgages Loan [Member] | Zero to fifty percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	250	277
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	250	277
Total Mortgages Loan [Member] | Zero to fifty percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	218	221
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	218	221
Total Mortgages Loan [Member] | Zero to fifty percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	11	8
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	11	8
Total Mortgages Loan [Member] | Fifty to seventy percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	2,230	1,685
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	2,230	1,685
Total Mortgages Loan [Member] | Fifty to seventy percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	546	269
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	546	269
Total Mortgages Loan [Member] | Fifty to seventy percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	188	267
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	188	267
Total Mortgages Loan [Member] | Fifty to seventy percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	769	548
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	769	548
Total Mortgages Loan [Member] | Fifty to seventy percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	591	429
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	591	429
Total Mortgages Loan [Member] | Fifty to seventy percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	85	127
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	85	127
Total Mortgages Loan [Member] | Fifty to seventy percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	51	45
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	51	45
Total Mortgages Loan [Member] | Seventy to ninty percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	858	861
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	858	861
Total Mortgages Loan [Member] | Seventy to ninty percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Total Mortgages Loan [Member] | Seventy to ninty percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	41	41
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	41	41
Total Mortgages Loan [Member] | Seventy to ninty percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	187	280
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	187	280
Total Mortgages Loan [Member] | Seventy to ninty percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	467	319
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	467	319
Total Mortgages Loan [Member] | Seventy to ninty percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	140	213
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	140	213
Total Mortgages Loan [Member] | Seventy to ninty percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	23	8
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	23	8
Total Mortgages Loan [Member] | More than ninty percent [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	510	632
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	510	632
Total Mortgages Loan [Member] | More than ninty percent [Member] | Ratio greater than 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Total Mortgages Loan [Member] | More than ninty percent [Member] | Ratio between 18 to 2 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	0	0
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	0	0
Total Mortgages Loan [Member] | More than ninty percent [Member] | Ratio between 15 to 18 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	69	84
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	69	84
Total Mortgages Loan [Member] | More than ninty percent [Member] | Ratio between 12 to 15 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	195	135
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	195	135
Total Mortgages Loan [Member] | More than ninty percent [Member] | Ratio between 1 to 12 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	81	296
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	81	296
Total Mortgages Loan [Member] | More than ninty percent [Member] | Ratio less than 1 times [Member]
Mortgage Loans by Loan-to-Value & Debt Service Coverage Ratios [Line Items]
Mortgage Loans on Real Estate, Face Amount of Mortgages	165	117
Age Analysis of Past Due Mortgage Loans [Abstract]
Total financing receivables	165	117
Total Mortgages Loan [Member] | With No Related Allowance Recorded [Member]
Impaired Mortgage Loans [Abstract]
Recorded Investment	4	5
Unpaid principal balance	4	5
Related allowance	0	0
Average Record investments	4	5
Interest Income recognized	0	0
Total Mortgages Loan [Member] | With Related Allowance Recorded [Member]
Impaired Mortgage Loans [Abstract]
Recorded Investment		202
Unpaid principal balance		202
Related allowance		(32)
Average Record investments		152
Interest Income recognized		$ 8

XML

INVESTMENTS (TABLES)

6 Months Ended

Jun. 30, 2012

Investments Tables [Abstract]

Available For Sale Securities [Text Block]

Available-for-Sale Securities by Classification
					Gross		Gross
			Amortized		Unrealized		Unrealized		Fair		OTTI
			Cost		Gains		Losses		Value		in AOCI (3)
			(In Millions)
June 30, 2012:
Fixed Maturities:
	Corporate		$	20,717	$	2,073	$	71	$	22,719	$	0
	U.S. Treasury, government and agency			4,600		540		0		5,140		0
	States and political subdivisions			448		79		1		526		0
	Foreign governments			451		71		0		522		0
	Commercial mortgage-backed			1,231		10		335		906		13
	Residential mortgage-backed(1)			1,713		87		0		1,800		0
	Asset-backed(2)			223		11		8		226		5
	Redeemable preferred stock			1,187		46		61		1,172		0
		Total Fixed Maturities		30,570		2,917		476		33,011		18
Equity securities				19		1		0		20		0
Total at June 30, 2012			$	30,589	$	2,918	$	476	$	33,031	$	18
December 31, 2011:
Fixed Maturities:
	Corporate		$	21,444	$	1,840	$	147	$	23,137	$	0
	U.S. Treasury, government and agency			3,598		350		0		3,948		0
	States and political subdivisions			478		64		2		540		0
	Foreign governments			461		65		1		525		0
	Commercial mortgage-backed			1,306		7		411		902		22
	Residential mortgage-backed(1)			1,556		90		0		1,646		0
	Asset-backed(2)			260		15		11		264		6
	Redeemable preferred stock			1,106		38		114		1,030		0
		Total Fixed Maturities		30,209		2,469		686		31,992		28
Equity securities				18		1		0		19		0
Total at December 31, 2011			$	30,227	$	2,470	$	686	$	32,011	$	28

Investments Classified By Contractual Maturity Date [Table Text Block]

Available-for-Sale Fixed Maturities
Contractual Maturities at June 30, 2012
		Amortized Cost		Fair Value
		(In Millions)
Due in one year or less		$	2,460	$	2,495
Due in years two through five			7,290		7,861
Due in years six through ten			9,701		10,708
Due after ten years			6,765		7,843
	Subtotal		26,216		28,907
Commercial mortgage-backed securities			1,231		906
Residential mortgage-backed securities			1,713		1,800
Asset-backed securities			223		226
Total		$	29,383	$	31,839

Available For Sale Fixed Maturities Proceeds Gross Gains And Gross Losses From Sales And Other Than Temporary Impairments [Table Text Block]

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
	(In Millions)
Proceeds from sales	$	28	$	62	$	28	$	273
Gross gains on sales	$	3	$	2	$	3	$	4
Gross losses on sales	$	(9)	$	0	$	(9)	$	(6)
Total OTTI	$	(50)	$	(23)	$	(53)	$	(23)
Non-credit losses recognized in OCI		1		1		1		1
Credit losses recognized in earnings (loss)	$	(49)	$	(22)	$	(52)	$	(22)

Fixed Maturities Credit Loss Impairments [Table Text Block]

	Fixed Maturities - Credit Loss Impairments
		Three Months Ended					Six Months Ended
		June 30,					June 30,
			2012		2011		2012		2011
			(In Millions)
Balances, beginning of period			$	(334)	$	(306)	$	(332)	$	(329)
Previously recognized impairments on securities that matured,
	paid, prepaid or sold			14		0		15		23
Recognized impairments on securities impaired to fair value this period(1)				0		0		0		0
Impairments recognized this period on securities not previously impaired				(17)		(22)		(20)		(22)
Additional impairments this period on securities previously impaired				(32)		0		(32)		0
Increases due to passage of time on previously recorded credit losses				0		0		0		0
Accretion of previously recognized impairments due to increases in
	expected cash flows			0		0		0		0
Balances at June 30,			$	(369)	$	(328)	$	(369)	$	(328)

Unrealized Gain Loss On Investments [Table Text Block]

			June 30,		December 31,
			2012		2011
			(In Millions)
AFS Securities:
	Fixed maturities:
		With OTTI loss	$	(14)	$	(47)
		All other		2,455		1,830
	Equity securities			1		1
Net Unrealized Gains (Losses)			$	2,442	$	1,784

Unrealized Gain Loss On Investments With Other Than Temporary Impairment [Table Text Block]

Net Unrealized Gains (Losses) on Fixed Maturities with OTTI Losses
											AOCI Gain
			Net								(Loss) Related
			Unrealized						Deferred		to Net
			Gains						Income		Unrealized
			(Losses) on				Policyholders		Tax Asset		Investment
			Investments		DAC		Liabilities		(Liability)		Gains (Losses)
			(In Millions)
Balance, April 1, 2012			$	(28)	$	1	$	4	$	8	$	(15)
Net investment gains (losses) arising
	during the period			(17)		0		0		0		(17)
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		32		0		0		0		32
		Excluded from Net earnings (loss)(1)		(1)		0		0		0		(1)
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		0		0		0		0
		Deferred income taxes		0		0		0		(5)		(5)
		Policyholders liabilities		0		0		(1)		0		(1)
Balance, June 30, 2012			$	(14)	$	1	$	3	$	3	$	(7)
Balance, April 1, 2011			$	(10)	$	2	$	3	$	2	$	(3)
Net investment gains (losses) arising
	during the period			2		0		0		0		2
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		0		0		0		0		0
		Excluded from Net earnings (loss)(1)		(1)		0		0		0		(1)
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(1)		0		0		(1)
		Deferred income taxes		0		0		0		0		0
		Policyholders liabilities		0		0		(1)		0		(1)
Balance, June 30, 2011			$	(9)	$	1	$	2	$	2	$	(4)

											AOCI Gain
			Net								(Loss) Related
			Unrealized						Deferred		to Net
			Gains						Income		Unrealized
			(Losses) on				Policyholders		Tax Asset		Investment
			Investments		DAC		Liabilities		(Liability)		Gains (Losses)
			(In Millions)
Balance, January 1, 2012			$	(47)	$	5	$	6	$	12	$	(24)
Net investment gains (losses) arising
	during the period			2		0		0		0		2
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		32		0		0		0		32
		Excluded from Net earnings (loss)(1)		(1)		0		0		0		(1)
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(4)		0		0		(4)
		Deferred income taxes		0		0		0		(9)		(9)
		Policyholders liabilities		0		0		(3)		0		(3)
Balance, June 30, 2012			$	(14)	$	1	$	3	$	3	$	(7)
Balance, January 1, 2011			$	(16)	$	3	$	2	$	4	$	(7)
Net investment gains (losses) arising
	during the period			8		0		0		0		8
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		0		0		0		0		0
		Excluded from Net earnings (loss)(1)		(1)		0		0		0		(1)
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(2)		0		0		(2)
		Deferred income taxes		0		0		0		(2)		(2)
		Policyholders liabilities		0		0		0		0		0
Balance, June 30, 2011			$	(9)	$	1	$	2	$	2	$	(4)

Other Net Unrealized Investment Gains Losses In Accumulated Other Comprehensive Income [Table Text Block]

All Other Net Unrealized Investment Gains (Losses) in AOCI
											AOCI Gain
			Net								(Loss) Related
			Unrealized						Deferred		to Net
			Gains						Income		Unrealized
			(Losses) on				Policyholders		Tax Asset		Investment
			Investments		DAC		Liabilities		(Liability)		Gains (Losses)
			(In Millions)
Balance, April 1, 2012			$	1,789	$	(111)	$	(380)	$	(455)	$	843
Net investment gains (losses) arising
	during the period			644		0		0		0		644
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		22		0		0		0		22
		Excluded from Net earnings (loss)(1)		1		0		0		0		1
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(61)		0		0		(61)
		Deferred income taxes		0		0		0		(204)		(204)
		Policyholders liabilities		0		0		(22)		0		(22)
Balance, June 30, 2012			$	2,456	$	(172)	$	(402)	$	(659)	$	1,223
Balance, April 1, 2011			$	905	$	(106)	$	(114)	$	(240)	$	445
Net investment gains (losses) arising
	during the period			251		0		0		0		251
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		17		0		0		0		17
		Excluded from Net earnings (loss)(1)		1		0		0		0		1
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(29)		0		0		(29)
		Deferred income taxes		0		0		0		(68)		(68)
		Policyholders liabilities		0		0		(46)		0		(46)
Balance, June 30, 2011			$	1,174	$	(135)	$	(160)	$	(308)	$	571

											AOCI Gain
			Net								(Loss) Related
			Unrealized						Deferred		to Net
			Gains						Income		Unrealized
			(Losses) on				Policyholders		Tax Asset		Investment
			Investments		DAC		Liabilities		(Liability)		Gains (Losses)
			(In Millions)
Balance, January 1, 2012			$	1,831	$	(206)	$	(385)	$	(433)	$	807
Net investment gains (losses) arising
	during the period			601		0		0		0		601
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		23		0		0		0		23
		Excluded from Net earnings (loss)(1)		1		0		0		0		1
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		34		0		0		34
		Deferred income taxes		0		0		0		(226)		(226)
		Policyholders liabilities		0		0		(17)		0		(17)
Balance, June 30, 2012			$	2,456	$	(172)	$	(402)	$	(659)	$	1,223
Balance, January 1, 2011			$	889	$	(108)	$	(121)	$	(232)	$	428
Net investment gains (losses) arising
	during the period			267		0		0		0		267
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		17		0		0		0		17
		Excluded from Net earnings (loss)(1)		1		0		0		0		1
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(27)		0		0		(27)
		Deferred income taxes		0		0		0		(76)		(76)
		Policyholders liabilities		0		0		(39)		0		(39)
Balance, June 30, 2011			$	1,174	$	(135)	$	(160)	$	(308)	$	571

Schedule Of Unrealized Loss On Investments [Table Text Block]

			Less Than 12 Months				12 Months or Longer				Total
					Gross				Gross				Gross
					Unrealized				Unrealized				Unrealized
			Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
			(In Millions)
June 30, 2012:
Fixed Maturities:
	Corporate		$	661	$	(23)	$	486	$	(48)	$	1,147	$	(71)
	U.S. Treasury, government
		and agency		0		0		0		0		0		0
	States and political subdivisions			0		0		19		(1)		19		(1)
	Foreign governments			1		0		2		0		3		0
	Commercial mortgage-backed			64		(4)		789		(331)		853		(335)
	Residential mortgage-backed			131		0		1		0		132		0
	Asset-backed			0		0		42		(8)		42		(8)
	Redeemable preferred stock			16		0		508		(61)		524		(61)
Total			$	873	$	(27)	$	1,847	$	(449)	$	2,720	$	(476)
December 31, 2011:
Fixed Maturities:
Corporate			$	1,910	$	(96)	$	389	$	(51)	$	2,299	$	(147)
	U.S. Treasury, government
		and agency		149		0		0		0		149		0
	States and political subdivisions			0		0		18		(2)		18		(2)
	Foreign governments			30		(1)		5		0		35		(1)
	Commercial mortgage-backed			79		(27)		781		(384)		860		(411)
	Residential mortgage-backed			0		0		1		0		1		0
	Asset-backed			49		0		44		(11)		93		(11)
	Redeemable preferred stock			341		(28)		325		(86)		666		(114)
Total			$	2,558	$	(152)	$	1,563	$	(534)	$	4,121	$	(686)

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

Troubled Debt Restructuring - Modifications
		Number		Outstanding Recorded Investment
		of Loans		Pre-Modification		Post - Modification
June 30, 2012				(In Millions)
Troubled debt restructurings:
	Agricultural mortgage loans		0	$	0	$	0
	Commercial mortgage loans		1		84		84
Total			1	$	84	$	84

Allowance For Credit Losses On Financing Receivables [Table Text Block]

		2012		2011
Allowance for credit losses:		(In Millions)
Beginning balance, January 1,		$	32	$	18
	Charge-offs		(20)		0
	Recoveries		(1)		0
	Provision		23		10
Ending balance, June 30,		$	34	$	28
Ending balance, June 30,:
	Individually Evaluated for Impairment	$	34	$	28
	Collectively Evaluated for Impairment	$	0	$	0
	Loans Acquired with Deteriorated Credit Quality	$	0	$	0

Debt Service Coverage Ratio [Table Text Block]

Mortgage Loans by Loan-to-Value and Debt Service Coverage Ratios
June 30, 2012
		Debt Service Coverage Ratio
												Less		Total
		Greater		1.8x to		1.5x to		1.2x to		1.0x to		than		Mortgage
Loan-to-Value Ratio:(2)		than 2.0x		2.0x		1.8x		1.5x		1.2x		1.0x		Loans
		(In Millions)
Commercial Mortgage Loans(1)
0% - 50%		$	151	$	0	$	6	$	1	$	28	$	0	$	186
50% - 70%			452		163		652		412		0		0		1,679
70% - 90%			0		41		187		466		138		15		847
90% plus			0		0		69		195		81		165		510
Total Commercial
	Mortgage Loans	$	603	$	204	$	914	$	1,074	$	247	$	180	$	3,222
Agricultural Mortgage Loans(1)
0% - 50%		$	159	$	94	$	180	$	249	$	190	$	11	$	883
50% - 70%			94		25		117		179		85		51		551
70% - 90%			0		0		0		1		2		8		11
90% plus			0		0		0		0		0		0		0
Total Agricultural
	Mortgage Loans	$	253	$	119	$	297	$	429	$	277	$	70	$	1,445
Total Mortgage Loans(1)
0% - 50%		$	310	$	94	$	186	$	250	$	218	$	11	$	1,069
50% - 70%			546		188		769		591		85		51		2,230
70% - 90%			0		41		187		467		140		23		858
90% plus			0		0		69		195		81		165		510
Total Mortgage Loans		$	856	$	323	$	1,211	$	1,503	$	524	$	250	$	4,667

Mortgage Loans by Loan-to-Value and Debt Service Coverage Ratios
December 31, 2011
		Debt Service Coverage Ratio
												Less		Total
		Greater		1.8x to		1.5x to		1.2x to		1.0x to		than		Mortgage
Loan-to-Value Ratio:(2)		than 2.0x		2.0x		1.8x		1.5x		1.2x		1.0x		Loans
		(In Millions)
Commercial Mortgage Loans(1)
0% - 50%		$	182	$	0	$	33	$	30	$	31	$	0	$	276
50% - 70%			201		252		447		271		45		0		1,216
70% - 90%			0		41		280		318		213		0		852
90% plus			0		0		84		135		296		117		632
Total Commercial
	Mortgage Loans	$	383	$	293	$	844	$	754	$	585	$	117	$	2,976
Agricultural Mortgage Loans(1)
0% - 50%		$	150	$	89	$	175	$	247	$	190	$	8	$	859
50% - 70%			68		15		101		158		82		45		469
70% - 90%			0		0		0		1		0		8		9
90% plus			0		0		0		0		0		0		0
Total Agricultural
	Mortgage Loans	$	218	$	104	$	276	$	406	$	272	$	61	$	1,337
Total Mortgage Loans(1)
0% - 50%		$	332	$	89	$	208	$	277	$	221	$	8	$	1,135
50% - 70%			269		267		548		429		127		45		1,685
70% - 90%			0		41		280		319		213		8		861
90% plus			0		0		84		135		296		117		632
Total Mortgage Loans		$	601	$	397	$	1,120	$	1,160	$	857	$	178	$	4,313

Age Analysis Of Past Due Mortgage Loans [Table Text Block]

Age Analysis of Past Due Mortgage Loans
														Recorded
														Investment
						90						Total		> 90 Days
		30-59		60-89		Days						Financing		and
		Days		Days		or >		Total		Current		Receivables		Accruing
								(In Millions)
June 30, 2012
	Commercial	$	0	$	0	$	0	$	0	$	3,222	$	3,222	$	0
	Agricultural		4		2		13		19		1,426		1,445		0
Total Mortgage Loans		$	4	$	2	$	13	$	19	$	4,648	$	4,667	$	0
December 31, 2011
	Commercial	$	61	$	0	$	0	$	61	$	2,915	$	2,976	$	0
	Agricultural		5		1		7		13		1,324		1,337		3
Total Mortgage Loans		$	66	$	1	$	7	$	74	$	4,239	$	4,313	$	3

Impaired Mortgage Loans [Table Text Block]

Impaired Mortgage Loans
				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
		Investment		Balance		Allowance		Investment(1)		Recognized
		(In Millions)
June 30, 2012:
With no related allowance recorded:
	Commercial mortgage loans - other	$	0	$	0	$	0	$	0	$	0
	Agricultural mortgage loans		4		4		0		4		0
Total		$	4	$	4	$	0	$	4	$	0
With related allowance recorded:
	Commercial mortgage loans - other	$	170	$	170	$	(34)	$	175	$	2
	Agricultural mortgage loans		0		0		0		0		0
Total		$	170	$	170	$	(34)	$	175	$	2
December 31, 2011:
With no related allowance recorded:
	Commercial mortgage loans - other	$	0	$	0	$	0	$	0	$	0
	Agricultural mortgage loans		5		5		0		5		0
Total		$	5	$	5	$	0	$	5	$	0
With related allowance recorded:
	Commercial mortgage loans - other	$	202	$	202	$	(32)	$	152	$	8
	Agricultural mortgage loans		0		0		0		0		0
Total		$	202	$	202	$	(32)	$	152	$	8

Schedule Of Derivative Instruments [Text Block]

	Derivative Instruments by Category
									Gains (Losses)
			At June 30, 2012						Reported In Net
					Fair Value				Earnings (Loss)
			Notional		Asset		Liability		Six Months Ended
			Amount		Derivatives		Derivatives		June 30, 2012
			(In Millions)
Freestanding derivatives:
Equity contracts:(1)
	Futures		$	6,836	$	0	$	4	$	(560)
	Swaps			1,083		9		81		(137)
	Options			2,526		250		151		11
Interest rate contracts:(1)
	Floors			2,700		315		0		42
	Swaps			16,836		740		469		354
	Futures			14,945		0		0		147
	Swaptions			9,321		937		0		100
Other freestanding contracts:(1)
	Foreign currency contracts			297		0		1		1
		Net investment income (loss)								(42)
Embedded derivatives:
GMIB reinsurance contracts				0		11,381		0		834
GWBL and other features(2)				0		0		334		(43)
Total, June 30, 2012			$	54,544	$	13,632	$	1,040	$	749

									Gains (Losses)
			At December 31, 2011						Reported In Net
					Fair Value				Earnings (Loss)
			Notional		Asset		Liability		Six Months Ended
			Amount		Derivatives		Derivatives		June 30, 2011
			(In Millions)
Freestanding derivatives:
Equity contracts:(1)
	Futures		$	6,443	$	0	$	2	$	(282)
	Swaps			784		10		21		(30)
	Options			1,211		92		85		3
Interest rate contracts:(1)
	Floors			3,000		327		0		47
	Swaps			9,826		503		317		72
	Futures			11,983		0		0		6
	Swaptions			7,354		1,029		0		93
Other freestanding contracts:(1)
	Foreign currency contracts			38		0		0		0
		Net investment income (loss)								(91)
Embedded derivatives:
GMIB reinsurance contracts				0		10,547		0		(239)
GWBL and other features(2)				0		0		291		32
Total			$	40,639	$	12,508	$	716	$	(298)

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INVESTMENTS (Derivatives) (DETAILS) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Derivative Instruments by Category [Line Items]
Notional Amount	$ 54,544		$ 40,639
Fair Value Assets Derivatives	13,632		12,508
Fair Value Liability Derivatives	1,040		716
Investment gains (losses) included in net earnings (loss)	749	(298)
Equity Contracts Futures [Member]
Derivative Instruments by Category [Line Items]
Notional Amount	6,836		6,443
Fair Value Assets Derivatives	0		0
Fair Value Liability Derivatives	4		2
Investment gains (losses) included in net earnings (loss)	(560)	(282)
Equity Contracts Swaps [Member] Member
Derivative Instruments by Category [Line Items]
Notional Amount	1,083		784
Fair Value Assets Derivatives	9		10
Fair Value Liability Derivatives	81		21
Investment gains (losses) included in net earnings (loss)	(137)	(30)
Equity Contracts Options [Member] Member
Derivative Instruments by Category [Line Items]
Notional Amount	2,526		1,211
Fair Value Assets Derivatives	250		92
Fair Value Liability Derivatives	151		85
Investment gains (losses) included in net earnings (loss)	11	3
Interest Rate Floor [Member]
Derivative Instruments by Category [Line Items]
Notional Amount	2,700		3,000
Fair Value Assets Derivatives	315		327
Fair Value Liability Derivatives	0		0
Investment gains (losses) included in net earnings (loss)	42	47
Interest rate contracts Swaps [Member] Member
Derivative Instruments by Category [Line Items]
Notional Amount	16,836		9,826
Fair Value Assets Derivatives	740		503
Fair Value Liability Derivatives	469		317
Investment gains (losses) included in net earnings (loss)	354	72
Interest rate contracts Futures [Member]
Derivative Instruments by Category [Line Items]
Notional Amount	14,945		11,983
Fair Value Assets Derivatives	0		0
Fair Value Liability Derivatives	0		0
Investment gains (losses) included in net earnings (loss)	147	6
Interest rate contracts Swaptions [Member] Member
Derivative Instruments by Category [Line Items]
Notional Amount	9,321		7,354
Fair Value Assets Derivatives	937		1,029
Fair Value Liability Derivatives	0		0
Investment gains (losses) included in net earnings (loss)	100	93
Foreign currency Contracts [Member] Member
Derivative Instruments by Category [Line Items]
Notional Amount	297		38
Fair Value Assets Derivatives	0		0
Fair Value Liability Derivatives	1		0
Investment gains (losses) included in net earnings (loss)	1	0
Net investment Income (loss) [Member] Member
Derivative Instruments by Category [Line Items]
Investment gains (losses) included in net earnings (loss)	(42)	(91)
GMIB Reinsurance Contracts [Member]
Derivative Instruments by Category [Line Items]
Notional Amount	0		0
Fair Value Assets Derivatives	11,381		10,547
Fair Value Liability Derivatives	0		0
Investment gains (losses) included in net earnings (loss)	834	(239)
Guaranteed Minimum Withdrawal Benefit [Member]
Derivative Instruments by Category [Line Items]
Notional Amount	0		0
Fair Value Assets Derivatives	0		0
Fair Value Liability Derivatives	334		291
Investment gains (losses) included in net earnings (loss)	$ (43)	$ 32

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GMDB, GMIB, GWBL AND NO LAPSE GUARANTEE FEATURES (TABLES)

6 Months Ended

Jun. 30, 2012

Variable Annuity Contracts GMDB GMIB And GWBL Tables [Abstract]

Variable Annuity Contracts- GMDB GMIB [Table Text Block]

		GMDB		GMIB		Total
		(In Millions)
Balance at January 1, 2012		$	1,593	$	4,130	$	5,723
	Paid guarantee benefits		(128)		(38)		(166)
	Other changes in reserve		174		275		449
Balance at June 30, 2012		$	1,639	$	4,367	$	6,006
Balance at January 1, 2011		$	1,265	$	2,311	$	3,576
	Paid guarantee benefits		(87)		(17)		(104)
	Other changes in reserve		159		162		321
Balance at June 30, 2011		$	1,337	$	2,456	$	3,793

Guaranteed Minimum Death Benefit Reinsurance Ceded [Table Text Block]

		Six Months Ended
		June 30,
		2012		2011
		(In Millions)
Balance, beginning of year		$	716	$	533
	Paid guarantee benefits		(53)		(36)
	Other changes in reserve		105		88
Balance, End of Period		$	768	$	585

Schedule Of Net Amount Of Risk By Product And Guarantee [Text Block]

			Return
			of
			Premium		Ratchet		Roll-Up		Combo		Total
			(Dollars In Millions)
GMDB:
	Account values invested in:
		General Account	$	12,599	$	225	$	108	$	479	$	13,411
		Separate Accounts	$	28,970	$	7,157	$	3,718	$	33,505	$	73,350
	Net amount at risk, gross		$	1,129	$	1,089	$	2,837	$	14,217	$	19,272
	Net amount at risk, net of
		amounts reinsured	$	1,129	$	672	$	1,925	$	5,827	$	9,553
	Average attained age
		of contractholders		49.3		63.5		69.1		64.3		53.5
	Percentage of contractholders
		over age 70		8.1%		28.3%		48.5%		29.8%		14.5%
	Range of contractually specified
		interest rates		N/A		N/A		3%-6%		3%-6.5%		3%-6.5%
GMIB:
	Account values invested in:
		General Account		N/A		N/A	$	24	$	626	$	650
		Separate Accounts		N/A		N/A	$	2,486	$	45,194	$	47,680
	Net amount at risk, gross			N/A		N/A	$	2,051	$	10,089	$	12,140
	Net amount at risk, net of
		amounts reinsured		N/A		N/A	$	607	$	2,745	$	3,352
	Weighted average years remaining
		until annuitization		N/A		N/A		0.4		4.9		4.6
	Range of contractually specified
		interest rates		N/A		N/A		3%-6%		3%-6.5%		3%-6.5%

Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Text Block]

Investment in Variable Insurance Trust Mutual Funds
		June 30,		December 31,
		2012		2011
		(In Millions)
GMDB:
	Equity	$	49,575	$	46,207
	Fixed income		3,783		3,810
	Balanced		19,428		19,525
	Other		564		652
	Total	$	73,350	$	70,194
GMIB:
	Equity	$	31,823	$	29,819
	Fixed income		2,337		2,344
	Balanced		13,234		13,379
	Other		286		345
	Total	$	47,680	$	45,887

Schedule Of Variable and Interest-Sensitive Life Insurance Policies - No Lapse Guarantee Table [Text Block]

		Direct		Reinsurance
		Liability		Ceded		Net
		(In Millions)
Balance at January 1, 2012		$	470	$	(262)	$	208
	Other changes in reserves		50		(23)		27
Balance at June 30, 2012		$	520	$	(285)	$	235
Balance at January 1, 2011		$	375	$	(231)	$	144
	Other changes in reserves		13		(1)		12
Balance at June 30, 2011		$	388	$	(232)	$	156

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
STATEMENTS OF CASH FLOWS [Abstract]
Net earnings (loss)	$ 895	$ 298
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: [Abstract]
Interest credited to policyholders' account balances	566	493
Universal life and investment-type product policy fee income	(1,649)	(1,713)
Net change in broker-dealer and customer related receivables/payables	(179)	(318)
(Income) loss related to derivative instruments	42	91
Investment (gains) losses, net	61	30
Change in segregated cash and securities, net	125	95
Change in deferred policy acquisition costs	(47)	44
Change in future policy benefits	145	91
Change in income taxes payable	203	26
Change in accounts payable and accrued expenses	(21)	41
Change in the fair value of the reinsurance contract asset	(834)	239
Contribution to pension plans	0	(258)
Amortization of deferred compensation	4	114
Amortization of deferred sales commissions	18	20
Other depreciation and amortization	56	72
Amortization Of Reinsurance Costs	(22)	178
Amortization of other intangibles	12	12
Other, net	110	76
Net cash provided by (used in) operating activities	(515)	(369)
Cash flows from investing activities: [Abstract]
Maturities and repayments of fixed maturities and mortgage loans on real estate	1,960	1,757
Sales of investments	476	861
Purchases of investments	(3,619)	(3,563)
Cash settlements related to derivative instruments	316	(168)
Change in short-term investments	(2)	11
Investment in capitalized software, leasehold improvements and EDP equipment	(32)	(46)
Other net	(71)	84
Net cash provided by (used in) investing activities	(972)	(1,064)
Cash flows from financing activities: [Abstract]
Policyholders account balances deposits and transfers to Separate Accounts	2,575	2,027
Policyholders account balances withdrawals	(393)	(396)
Change in short-term financings	(169)	105
Change in collateralized pledged assets	0	98
Change in collateralized pledged liabilities	221	258
Shareholder dividends paid	(181)	(379)
Repurchase of AllianceBernstein Holdings units	(95)	(101)
Distribution to non-controlling interests in consolidated subsidiaries	(96)	(179)
Other, net	12	(30)
Net cash provided by (used in) financing activities	1,874	1,403
Change in cash and cash equivalents	387	(30)
Cash and cash equivalents, beginning of year	3,227	2,155
Cash and Cash Equivalents, End of Period	3,614	2,125
Supplemental Cash Flow Information [Abstract]
Income Taxes (Refunded) Paid	$ 160	$ 3

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CONSOLIDATED BALANCE SHEET (Parenthetical) (USD $)	Jun. 30, 2012	Dec. 31, 2011
CONSOLIDATED BALANCE SHEETS
Common Stock par value	$ 1.25	$ 1.25
Common Stock authorized	2,000,000	2,000,000
Common Stock issued	2,000,000	2,000,000
Common Stock outstanding	2,000,000	2,000,000

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LITIGATION

6 Months Ended

Jun. 30, 2012

Litigation [Abstract]

LITIGATION

10)       LITIGATION

There have been no new material legal proceedings and no material developments in specific litigations previously reported in the Company's Notes to Consolidated Financial Statements for the year ended December 31, 2011, except as set forth below:

Insurance Litigation

A lawsuit was filed in the United States District Court of the District of New Jersey in July 2011, entitled Mary Ann Sivolella v. AXA Equitable Life Insurance Company and AXA Equitable Funds Management Group, LLC (“FMG LLC”). The lawsuit was filed derivatively on behalf of eight funds. The lawsuit seeks recovery under Section 36(b) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), for alleged excessive fees paid to AXA Equitable and FMG LLC for investment management services. In November 2011, plaintiff filed an amended complaint, adding claims under Sections 47(b) and 26(f) of the Investment Company Act, as well as a claim for unjust enrichment.  In addition, plaintiff purports to file the lawsuit as a class action in addition to a derivative action. In December 2011, AXA Equitable and FMG LLC filed a motion to dismiss the amended complaint. In May 2012, the Plaintiff voluntarily dismissed her claim under Section 47(b) of the 1940 Act. Plaintiff seeks recovery of the alleged overpayments, or alternatively, rescission of the contracts and restitution of substantially all fees paid.

AllianceBernstein Litigation

During first quarter 2012, AllianceBernstein received a legal letter of claim (the “Letter of Claim”) sent on behalf of a former European pension fund client, alleging that AllianceBernstein Limited (a wholly-owned subsidiary of AllianceBernstein organized in the United Kingdom) was negligent and failed to meet certain applicable standards of care with respect to AllianceBernstein's initial investment in and management of a £500 million portfolio of U.S. mortgage-backed securities. The alleged damages range between $177 million and $234 million plus compound interest on an alleged $125 million of realized losses in the portfolio. AllianceBernstein believes that it has strong defenses to these claims and will defend them vigorously.

____________________________________________________________________________

In addition to the matters described above, a number of lawsuits, claims and assessments have been filed against life and health insurers and asset managers in the jurisdictions in which AXA Equitable and its respective subsidiaries do business. These proceedings involve, among other things, insurers' sales practices, alleged agent misconduct, alleged failure to properly supervise agents, contract administration, breach of fiduciary duties, mismanagement of client funds and other matters. Some of the matters have resulted in the award of substantial judgments against other insurers and asset managers, including material amounts of punitive damages, or in substantial settlements. In some states, juries have substantial discretion in awarding punitive damages. AXA Equitable and its subsidiaries from time to time are involved in such proceedings. Some of these actions and proceedings filed against AXA Equitable and its subsidiaries have been brought on behalf of various alleged classes of claimants and certain of these claimants seek damages of unspecified amounts. While the ultimate outcome of such matters cannot be predicted with certainty, in the opinion of management no such matter is likely to have a material adverse effect on AXA Equitable's consolidated financial position or results of operations. However, it should be noted that the frequency of large damage awards, including large punitive damage awards that bear little or no relation to actual economic damages incurred by plaintiffs in some jurisdictions, continues to create the potential for an unpredictable judgment in any given matter.

Although the outcome of litigation and regulatory matters generally cannot be predicted with certainty, management intends to vigorously defend against the allegations made by the plaintiffs in the actions described above and believes that the ultimate resolution of the litigation and regulatory matters described therein involving AXA Equitable and/or its subsidiaries should not have a material adverse effect on the consolidated financial position of AXA Equitable. Management cannot make an estimate of loss, if any, or predict whether or not any of the litigations and regulatory matters described above will have a material adverse effect on AXA Equitable's consolidated results of operations in any particular period.

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DOCUMENT AND ENTITY INFORMATION	6 Months Ended
	Jun. 30, 2012
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2012
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2012
Amendment Flag	false
Entity Registrant Name	AXA EQUITABLE LIFE INSURANCE CO
Entity Central Index Key	0000727920
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Well Known Seasoned Issuer	No
Entity Common Stock Shares Outstanding	2,000,000

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RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

11)       RELATED PARTY TRANSACTIONS

AXA Equitable reimburses AXA Financial for expenses relating to the Excess Retirement Plan, Supplemental Executive Retirement Plan and certain other employee benefit plans that provide participants with medical, life insurance, and deferred compensation benefits. Such reimbursement was based on the cost to AXA Financial of the benefits provided which totaled $12 million, $24 million, $13 million and $28 million, respectively, for thesecond quarterand first six months of 2012 and 2011.

AXA Equitable paid $174 million, $366 million, $164 million and $321 million, respectively, of commissions and fees to AXA Distribution and its subsidiaries for sales of insurance products for the second quarter and first six months of 2012 and 2011. AXA Equitable charged AXA Distribution's subsidiaries $102 million, $207 million, $111 million and $219 million, respectively, for their applicable share of operating expenses for the second quarter and first six months of 2012 and 2011, pursuant to the Agreements for Services.

At June 30, 2012 and December 31, 2011, the Company's GMIB reinsurance asset with AXA REArizonaCompany (formerly AXA Bermuda, which during second quarter 2012, redomesticated from Bermudato Arizona and changed its name to AXA RE Arizona Company)(“AXA Arizona”) had carrying values of $9,154million and $8,129 million, respectively, and is reported in Guaranteed minimum income benefit reinsurance contract asset, at fair value in the consolidated balance sheets. Ceded premiums to AXA Arizonain second quarter and first six months of 2012 and 2011 related to the UL and no lapse guarantee riders totaled approximately $120 million, $237 million, $120 million and $236 million, respectively. Ceded claims paid in second quarter and first six months of 2012 and 2011 were $19 million, $35 million, $4 million and $13 million, respectively.

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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
REVENUES [Abstract]
Universal life and investment-type product policy fee income	$ 821	$ 817	$ 1,649	$ 1,713
Premiums	116	133	259	285
Net investment income (loss): [Abstract]
Investment income (loss) from derivative instruments	1,517	275	(42)	(91)
Other Investment Income (Loss)	545	559	1,178	1,166
Total net investment income (loss)	2,062	834	1,136	1,075
Investment gains (losses), net: [Abstract]
Total other-than-temporary impairment losses	(50)	(23)	(53)	(23)
Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest	1	1	1	1
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net	(49)	(22)	(52)	(22)
Other investment gains (losses), net	(4)	(5)	(9)	(8)
Total investment gains (losses), net	(53)	(27)	(61)	(30)
Commissions, fees and other income	852	951	1,706	1,909
Increase (decrease) in the fair value of the reinsurance contract asset	2,677	694	834	(239)
Total revenues	6,475	3,402	5,523	4,713
BENEFITS AND OTHER DEDUCTIONS [Abstract]
Policyholders' benefits	1,250	684	1,387	1,162
Interest credited to policyholders' account balances	250	251	566	493
Compensation and benefits	393	483	820	969
Commissions	320	293	651	565
Distribution related payments	86	78	166	153
Amortization of deferred sales commissions	10	10	18	20
Interest expense	27	26	54	53
Amortization of deferred policy acquisition costs	245	114	328	379
Capitalization of deferred policy acquisition costs	(192)	(177)	(375)	(335)
Rent expense	56	56	117	118
Amortization of other intangible assets	6	6	12	12
Other operating costs and expenses	198	377	519	764
Total benefits and other deductions	2,649	2,201	4,263	4,353
Earnings (loss) from continuing operations, before income taxes	3,826	1,201	1,260	360
Income tax (expense) benefit	(1,358)	(402)	(365)	(62)
Net earnings (loss)	2,468	799	895	298
Less: net (earnings) loss attributable to the noncontrolling interest	(47)	(58)	(109)	(129)
Net Earnings (Loss) Attributable to AXA Equitable	$ 2,421	$ 741	$ 786	$ 169

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GMDB, GMIB, GWBL AND NO LAPSE GUARANTEE FEATURES

6 Months Ended

Jun. 30, 2012

Gmdb Gmib Gwbl And No Lapse Guarantee Features [Abstract]

GMDB GMIB GWBL AND NO LAPSE GUARANTEE FEATURES

5)       GMDB, GMIB, GWBL AND NO LAPSE GUARANTEE FEATURES

A) Variable Annuity Contracts – GMDB, GMIB and GWBL

The Company has certain variable annuity contracts with GMDB, GMIB and GWBL features in-force that guarantee one of the following:

• Return of Premium: the benefit is the greater of current account value or premiums paid (adjusted for withdrawals);
• Ratchet: the benefit is the greatest of current account value, premiums paid (adjusted for withdrawals), or the highest account value on any anniversary up to contractually specified ages (adjusted for withdrawals);
• Roll-Up: the benefit is the greater of current account value or premiums paid (adjusted for withdrawals) accumulated at contractually specified interest rates up to specified ages;
• Combo: the benefit is the greater of the ratchet benefit or the roll-up benefit, which may include a five year or an annual reset; or
• Withdrawal: the withdrawal is guaranteed up to a maximum amount per year for life.

The following table summarizes the GMDB and GMIB liabilities, before reinsurance ceded, reflected in the General Account in future policy benefits and other policyholders' liabilities:

		GMDB		GMIB		Total
		(In Millions)
Balance at January 1, 2012		$	1,593	$	4,130	$	5,723
	Paid guarantee benefits		(128)		(38)		(166)
	Other changes in reserve		174		275		449
Balance at June 30, 2012		$	1,639	$	4,367	$	6,006
Balance at January 1, 2011		$	1,265	$	2,311	$	3,576
	Paid guarantee benefits		(87)		(17)		(104)
	Other changes in reserve		159		162		321
Balance at June 30, 2011		$	1,337	$	2,456	$	3,793

Related GMDB reinsurance ceded amounts were:

		Six Months Ended
		June 30,
		2012		2011
		(In Millions)
Balance, beginning of year		$	716	$	533
	Paid guarantee benefits		(53)		(36)
	Other changes in reserve		105		88
Balance, End of Period		$	768	$	585

The GMIB reinsurance contracts are considered derivatives and are reported at fair value.

The June 30, 2012 values for variable annuity contracts in-force on such date with GMDB and GMIB features are presented in the following table. For contracts with the GMDB feature, the net amount at risk in the event of death is the amount by which the GMDB benefits exceed related account values. For contracts with the GMIB feature, the net amount at risk in the event of annuitization is the amount by which the present value of the GMIB benefits exceeds related account values, taking into account the relationship between current annuity purchase rates and the GMIB guaranteed annuity purchase rates. Since variable annuity contracts with GMDB guarantees may also offer GMIB guarantees in the same contract, the GMDB and GMIB amounts listed are not mutually exclusive:

			Return
			of
			Premium		Ratchet		Roll-Up		Combo		Total
			(Dollars In Millions)
GMDB:
	Account values invested in:
		General Account	$	12,599	$	225	$	108	$	479	$	13,411
		Separate Accounts	$	28,970	$	7,157	$	3,718	$	33,505	$	73,350
	Net amount at risk, gross		$	1,129	$	1,089	$	2,837	$	14,217	$	19,272
	Net amount at risk, net of
		amounts reinsured	$	1,129	$	672	$	1,925	$	5,827	$	9,553
	Average attained age
		of contractholders		49.3		63.5		69.1		64.3		53.5
	Percentage of contractholders
		over age 70		8.1%		28.3%		48.5%		29.8%		14.5%
	Range of contractually specified
		interest rates		N/A		N/A		3%-6%		3%-6.5%		3%-6.5%
GMIB:
	Account values invested in:
		General Account		N/A		N/A	$	24	$	626	$	650
		Separate Accounts		N/A		N/A	$	2,486	$	45,194	$	47,680
	Net amount at risk, gross			N/A		N/A	$	2,051	$	10,089	$	12,140
	Net amount at risk, net of
		amounts reinsured		N/A		N/A	$	607	$	2,745	$	3,352
	Weighted average years remaining
		until annuitization		N/A		N/A		0.4		4.9		4.6
	Range of contractually specified
		interest rates		N/A		N/A		3%-6%		3%-6.5%		3%-6.5%

The GWBL,guaranteed minimum withdrawal benefits (“GMWB”), guaranteed minimum accumulation benefits (“GMAB”) and GIB, (collectively “GWBL and other features' liability”), not included above, was $334 million and $291 million at June 30, 2012 and December 31, 2011, respectively, which are accounted for as embedded derivatives. This liability reflects the present value of expected future payments (benefits) less the fees attributable to these features over a range of market consistent economic scenarios.

B) Separate Account Investments by Investment Category Underlying GMDB and GMIB Features

The total account values of variable annuity contracts with GMDB and GMIB features include amounts allocated to the guaranteed interest option, which is part of the General Account and variable investment options that invest through Separate Accounts in variable insurance trusts. The following table presents the aggregate fair value of assets, by major investment category, held by Separate Accounts that support variable annuity contracts with GMDB and GMIB benefits and guarantees. The investment performance of the assets impacts the related account values and, consequently, the net amount of risk associated with the GMDB and GMIB benefits and guarantees. Since variable annuity contracts with GMDB benefits and guarantees may also offer GMIB benefits and guarantees in each contract, the GMDB and GMIB amounts listed are not mutually exclusive:

Investment in Variable Insurance Trust Mutual Funds
		June 30,		December 31,
		2012		2011
		(In Millions)
GMDB:
	Equity	$	49,575	$	46,207
	Fixed income		3,783		3,810
	Balanced		19,428		19,525
	Other		564		652
	Total	$	73,350	$	70,194
GMIB:
	Equity	$	31,823	$	29,819
	Fixed income		2,337		2,344
	Balanced		13,234		13,379
	Other		286		345
	Total	$	47,680	$	45,887

C) Hedging Programs for GMDB and GMIB Features

Beginning in 2003, AXA Equitable established a program intended to hedge certain risks associated first with the GMDB feature and, beginning in 2004, with the GMIB feature of the Accumulator® series of variable annuity products. The program has also been extended to cover other guaranteed benefits as they have been made available. This program currently utilizes derivative contracts, such as exchange-traded equity, currency, and interest rate futures contracts, total return and/or equity swaps, interest rate swap and floor contracts, swaptions, variance swaps as well as equity options, that collectively are managed in an effort to reduce the economic impact of unfavorable changes in guaranteed benefits' exposures attributable to movements in the equity and fixed income markets. At the present time, this program hedges certain economic risks on products sold, to the extent such risks are not reinsured. At June 30, 2012, the total account value and net amount at risk of the hedged variable annuity contracts were $37,422 million and $7,657million, respectively, with the GMDB feature and $20,850 million and $2,755 million, respectively, with the GMIB feature.

These programs do not qualify for hedge accounting treatment. Therefore, gains (losses) on the derivatives contracts used in these programs, including current period changes in fair value, are recognized in net investment income (loss) in the period in which they occur, and may contribute to earnings (loss) volatility.

D) Variable and Interest-Sensitive Life Insurance Policies - No Lapse Guarantee

The no lapse guarantee feature contained in variable and interest-sensitive life insurance policies keeps them in force in situations where the policy value is not sufficient to cover monthly charges then due. The no lapse guarantee remains in effect so long as the policy meets a contractually specified premium funding test and certain other requirements.

The following table summarizes the no lapse guarantee liabilities reflected in the General Account in Future policy benefits and other policyholders' liabilities and the related reinsurance ceded:

		Direct		Reinsurance
		Liability		Ceded		Net
		(In Millions)
Balance at January 1, 2012		$	470	$	(262)	$	208
	Other changes in reserves		50		(23)		27
Balance at June 30, 2012		$	520	$	(285)	$	235
Balance at January 1, 2011		$	375	$	(231)	$	144
	Other changes in reserves		13		(1)		12
Balance at June 30, 2011		$	388	$	(232)	$	156

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CLOSED BLOCKS

6 Months Ended

Jun. 30, 2012

Closed Blocks [Abstract]

CLOSED BLOCKS

4)       CLOSED BLOCK

The excess of Closed Block liabilities over Closed Block assets (adjusted to exclude the impact of related amounts in AOCI) represents the expected maximum future post-tax earnings from the Closed Block that would be recognized in income from continuing operations over the period the policies and contracts in the Closed Block remain in force. As of January 1, 2001, AXA Equitable has developed an actuarial calculation of the expected timing of AXA Equitable's Closed Block's earnings.

If the actual cumulative earnings from the Closed Block are greater than the expected cumulative earnings, only the expected earnings will be recognized in net income. Actual cumulative earnings in excess of expected cumulative earnings at any point in time are recorded as a policyholder dividend obligation because they will ultimately be paid to Closed Block policyholders as an additional policyholder dividend unless offset by future performance that is less favorable than originally expected. If a policyholder dividend obligation has been previously established and the actual Closed Block earnings in a subsequent period are less than the expected earnings for that period, the policyholder dividend obligation would be reduced (but not below zero). If, over the period the policies and contracts in the Closed Block remain in force, the actual cumulative earnings of the Closed Block are less than the expected cumulative earnings, only actual earnings would be recognized in income from continuing operations. If the Closed Block has insufficient funds to make guaranteed policy benefit payments, such payments will be made from assets outside the Closed Block.

Many expenses related to Closed Block operations, including amortization of DAC, are charged to operations outside of the Closed Block; accordingly, net revenues of the Closed Block do not represent the actual profitability of the Closed Block operations. Operating costs and expenses outside of the Closed Block are, therefore, disproportionate to the business outside of the ClosedBlock.

Summarized financial information for the Closed Block follows:

			June 30,		December 31,
			2012		2011
			(In Millions)
CLOSED BLOCK LIABILITIES:
Future policy benefits, policyholders’ account balances and other			$	8,045	$	8,121
Policyholder dividend obligation				305		260
Other liabilities				71		86
Total Closed Block liabilities				8,421		8,467
ASSETS DESIGNATED TO THE CLOSED BLOCK:
Fixed maturities, available for sale, at fair value (amortized cost of $5,309 and $5,342)				5,743		5,686
Mortgage loans on real estate				1,184		1,205
Policy loans				1,052		1,061
Cash and other invested assets				56		30
Other assets				122		207
Total assets designated to the Closed Block				8,157		8,189
Excess of Closed Block liabilities over assets designated to the Closed Block				264		278
Amounts included in accumulated other comprehensive income (loss):
	Net unrealized investment gains (losses), net of deferred income tax (expense) benefit
		of $(49) and $(33) and policyholder dividend obligation of $(305) and $(260)		91		62
Maximum Future Earnings To Be Recognized From Closed Block Assets and Liabilities			$	355	$	340

Closed Block revenues and expenses were as follows:

			Three Months Ended				Six Months Ended
			June 30,				June 30,
		2012		2011		2012		2011
		(In Millions)
REVENUES:
Premiums and other income		$	79	$	89	$	160	$	181
Net investment income (loss)			105		108		212		218
	Net investment gains (losses)		(6)		(7)		(10)		(6)
Total revenues			178		190		362		393
BENEFITS AND OTHER DEDUCTIONS:
Policyholders’ benefits and dividends			198		195		385		400
Other operating costs and expenses			0		0		0		1
Total benefits and other deductions			198		195		385		401
Net revenues before income taxes			(20)		(5)		(23)		(8)
Income tax (expense) benefit			7		2		8		3
Net Revenues (Losses)		$	(13)	$	(3)	$	(15)	$	(5)

Reconciliation of the policyholder dividend obligation follows:

		Six Months Ended
		June 30,
	2012		2011
	(In Millions)
Balances, beginning of year	$	260	$	119
Unrealized investment gains (losses)		45		39
Balances, End of Period	$	305	$	158

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CLOSED BLOCKS (TABLES)

6 Months Ended

Jun. 30, 2012

Closed Block Assets And Liabilities Tables [Abstract]

Schedule Of Closed Block Assets And Liabilities

			June 30,		December 31,
			2012		2011
			(In Millions)
CLOSED BLOCK LIABILITIES:
Future policy benefits, policyholders’ account balances and other			$	8,045	$	8,121
Policyholder dividend obligation				305		260
Other liabilities				71		86
Total Closed Block liabilities				8,421		8,467
ASSETS DESIGNATED TO THE CLOSED BLOCK:
Fixed maturities, available for sale, at fair value (amortized cost of $5,309 and $5,342)				5,743		5,686
Mortgage loans on real estate				1,184		1,205
Policy loans				1,052		1,061
Cash and other invested assets				56		30
Other assets				122		207
Total assets designated to the Closed Block				8,157		8,189
Excess of Closed Block liabilities over assets designated to the Closed Block				264		278
Amounts included in accumulated other comprehensive income (loss):
	Net unrealized investment gains (losses), net of deferred income tax (expense) benefit
		of $(49) and $(33) and policyholder dividend obligation of $(305) and $(260)		91		62
Maximum Future Earnings To Be Recognized From Closed Block Assets and Liabilities			$	355	$	340

Closed Block Operations Net Results [Abstract]

Schedule Of Closed Block Revenue And Expenses

			Three Months Ended				Six Months Ended
			June 30,				June 30,
		2012		2011		2012		2011
		(In Millions)
REVENUES:
Premiums and other income		$	79	$	89	$	160	$	181
Net investment income (loss)			105		108		212		218
	Net investment gains (losses)		(6)		(7)		(10)		(6)
Total revenues			178		190		362		393
BENEFITS AND OTHER DEDUCTIONS:
Policyholders’ benefits and dividends			198		195		385		400
Other operating costs and expenses			0		0		0		1
Total benefits and other deductions			198		195		385		401
Net revenues before income taxes			(20)		(5)		(23)		(8)
Income tax (expense) benefit			7		2		8		3
Net Revenues (Losses)		$	(13)	$	(3)	$	(15)	$	(5)

Closed Block Dividend Obligation [Table Text Block]

		Six Months Ended
		June 30,
	2012		2011
	(In Millions)
Balances, beginning of year	$	260	$	119
Unrealized investment gains (losses)		45		39
Balances, End of Period	$	305	$	158

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BUSINESS SEGMENT INFORMATION

3 Months Ended

6 Months Ended

Jun. 30, 2012

Jun. 30, 2012

Business Segment Information [Abstract]

BUSINESS SEGMENT INFORMATION

• Intersegment investment advisory and other fees of approximately $15 million, $29 million, $14 million and $29 million for the second quarter and first six months of 2012 and 2011, respectively, are included in total revenues of the Investment Management segment.

13)SEGMENT INFORMATION

The following tables reconcile segment revenues and earnings (loss) from continuing operations before income taxes to total revenues and earnings (loss) as reported on the consolidated statements of earnings (loss) and segment assets to total assets on the consolidated balance sheets, respectively.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012			2011
	(In Millions)
Segment revenues:
Insurance	$	5,836	$	2,677	$	4,209	$	3,239
Investment Management(1)		646		729		1,326		1,484
Consolidation/elimination		(7)		(4)		(12)		(10)
Total Revenues	$	6,475	$	3,402	$	5,523	$	4,713

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2012		2011		2012			2011
		(In Millions)
Segment earnings (loss) from continuing operations,
	before income taxes:
Insurance		$	3,747	$	1,101	$	1,082	$	139
Investment Management(1)			80		99		179		220
Consolidation/elimination			(1)		1		(1)		1
Total Earnings (Loss) from Continuing Operations,
	before income taxes	$	3,826	$	1,201	$	1,260	$	360

• Net of interest expense incurred on securities borrowed.

	June 30,		December 31,
	2012		2011
	(In Millions)
Segment assets:
Insurance	$	160,312	$	153,099
Investment Management		11,755		11,811
Consolidation/elimination		(4)		(2)
Total Assets	$	172,063	$	164,908

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SHARE-BASED AND OTHER COMPENSATION PROGRAMS

6 Months Ended

Jun. 30, 2012

Shared Based And Other Compensation Programs [Abstract]

SHARE BASED AND OTHER COMPENSATION PROGRAMS

8)       SHARE-BASED COMPENSATION PROGRAMS

AXA and AXA Financial sponsor various share-based compensation plans for eligible employees and financial professionals of AXA Financial and its subsidiaries, including the Company. AllianceBernstein also sponsors its own unit option plans for certain of its employees. Activity in these share-based plans in the discussions that follow relates to awards granted to eligible employees of AXA Equitable under each of these plans in the aggregate, except where otherwise noted.

For the second quarter and first six months of 2012 and 2011, respectively, the Company recognized compensation (credit) cost of $(5) million, $16 million, $56 million and $116 million for share-based payment arrangementsas further described herein.

On March 16, 2012, under the terms of the AXA Performance Unit Plan 2012, AXA awarded approximately 2.3 million unearned performance units to employees of AXA Equitable. The extent to which 2012-2013 cumulative performance targets measuring the performance of AXA and the insurance related businesses of AXA Financial Group are achieved will determine the number of performance units earned, which may vary in linear formula between 0% and 130% of the number of performance units at stake. The performance units earned during this performance period will vest and be settled on the third anniversary of the award date. The price used to value the performance units at settlement will be the average closing price of the AXA ordinary share for the last 20 trading days of the vesting period converted to U.S. dollars using the Euro to U.S. dollar exchange rate on March 15, 2015. In the second quarter and first six months of 2012, the expense (credit) associated with the March 16, 2012 grant of performance units was approximately $(512,237) and $5 million, respectively.

On March 16, 2012, approximately 900,790 options to purchase AXA ordinary shares were granted to AXA Equitable employees under the terms of the Stock Option Plan at an exercise price of 12.22euros. All of those options have a four-year graded vesting schedule, with one-third vesting on each of the second, third, and fourth anniversaries of the grant date. Approximately 370,426of the total options awarded on March 16, 2012 are further subject to conditional vesting terms that require the AXA ordinary share price to outperform the Euro Stoxx Insurance Index over a specified period. All of the options granted on March 16, 2012 have a ten-year term. The weighted average grant date fair value per option award was estimated at $2.48 using a Black-Scholes options pricing model with modification to measure the value of the conditional vesting feature. Key assumptions used in the valuation included expected volatility of 39.89%, a weighted average expected term of 5.6years, anexpected dividend yield of 7.54% and a risk-free interest rate of 1.8%. The total fair value of these options (net of expected forfeitures) of approximately $2 million is charged to expense over the shorter of the vesting term or the period up to the date at which the participant becomes retirement eligible. In second quarter and first six months of 2012, the expense associated with the March 16, 2012 grant of options was approximately $116,789 and $495,982, respectively.

On April 12, 2012, cash distributions of approximately $9 million were made to AXA Equitable active and former employees in settlement of 539,406 performance units, representing 50 percent of the number of performance units earned under the terms of the AXA Performance Unit Plan 2010. The remaining earned performance units vest with continued service to March 19, 2013, the third anniversary of the date of grant, with limited exception for retirement, death, or disability, and will be valued using the average closing price of the AXA ordinary share for the last 20 trading days of the vesting period converted to U.S. dollars at the Euro to U.S. dollar exchange rate on March 18, 2013. Participants may elect to receive AXA ordinary shares in lieu of cash for all or a portion of that settlement.

On March 16, 2012, under the terms of the AXA Miles Program 2012, AXA granted 50 AXA Miles to every employee and eligible financial professional of AXA Group for the purpose of enhancing long-term employee-shareholder engagement. Each AXA Mile represents a phantom share of AXA stock that will convert to an actual AXA ordinary share at the end of a four-year vesting period provided the employee or financial professional remains in the employ of the company or has retired.  Half of each AXA Miles grant, or 25 AXA Miles, are further subject to vesting conditions based on achievement of improvements in specific AXA performance metrics. The total fair value of these AXA Miles awards of approximately $6 million, net of expected forfeitures, is charged to expense over the shorter of the vesting term or the period up to the date at which the participant becomes retirement eligible and is updated to reflect change in respect of the expectation for meeting the predefined performance conditions. In second quarter and first six months of 2012, the expense associated with the March 16, 2012 grant of AXA Miles was approximately $61,503and $395,462, respectively.

AllianceBernstein Long-term Incentive Compensation Plans.In fourth quarter 2011, AllianceBernstein implemented changes to AllianceBernstein's employee long-term incentive compensation award. AllianceBernstein amended all outstanding year-end deferred incentive compensation awards of active employees (i.e., those employees employed as of December 31, 2011), so that employees who terminate their employment or are terminated without cause may continue to vest, so long as the employees do not violate the agreements and covenants set forth in the applicable award agreement, including restrictions on competition, employee and client solicitation, and a claw-back for failing to follow existing risk management policies. This amendment resulted in the immediate recognition in the fourth quarter of the cost of all unamortized deferred incentive compensation on outstanding awards from prior years that would otherwise have been expensed in future periods.

In addition, awards granted in 2012, will contain the same continued vesting provisions and, accordingly, AllianceBernstein's annual incentive compensation expense will reflect 100% of the expense associated with the deferred incentive compensation awarded in each year. This approach to expense recognition will more closely match the economic cost of awarding deferred incentive compensation to the period in which the related service is performed.

During the second quarter and first six months of 2012, AllianceBernstein purchased 2.1million and6.6million Holding units for $28million and $95 million, respectively. These amounts reflect open-market purchases of 2.1 million and6.3 millionHolding units for $28 million and $91 million, respectively, with the remainder primarily relating to purchases of Holding units from employees to allow them to fulfill statutory tax withholding requirements at the time of distribution of long-term incentive compensation awards, offset by Holding units purchased by employees as part of a distribution reinvestment election.

AllianceBernstein granted to employees and Eligible Directors2.8 million restricted Holding awards during the second quarter of 2012 and11.9 million restricted Holding unit awards(including 8.7 million restricted Holding units granted in January 2012 for 2011 year-end awards) during the first six months of 2012.To fund theseawards, AllianceBernstein allocated previously repurchased Holding units that had been held in the consolidated rabbi trust. The 2011 incentive compensation awards, which were recognized as expense in fourth quarter 2011, allowed most employees to allocate their awards between restricted Holding units and deferred cash. As a result, 8.7 million restricted Holding units, valued at $130 million, for the December 2011 awards were issued from the consolidated rabbi trust in January 2012. There were approximately 8.7 million unallocated Holding units remaining in the consolidated rabbi trust as of June 30, 2012.

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FAIR VALUE DISCLOSURES

3 Months Ended

6 Months Ended

Jun. 30, 2012

Jun. 30, 2012

Jun. 30, 2011

Fair Value Disclosures [Abstract]

FAIR VALUE DISCLOSURES

       At June 30, 2012 and December 31, 2011, respectively, the fair value of public fixed maturities is approximately $25,330 million and $24,534 million or approximately 19.6% and 19.8% of the Company's total assets measured at fair value on a recurring basis (excluding GMIB reinsurance contracts and Segregated securities measured at fair value on a recurring basis). The fair values of the Company's public fixed maturity securities are generally based on prices obtained from independent valuation service providers and for which the Company maintains a vendor hierarchy by asset type based on historical pricing experience and vendor expertise. Although each security generally is priced by multiple independent valuation service providers, the Company ultimately uses the price received from the independent valuation service provider highest in the vendor hierarchy based on the respective asset type, with limited exception. To validate reasonableness, prices also are internally reviewed by those with relevant expertise through comparison with directly observed recent market trades. Consistent with the fair value hierarchy, public fixed maturity securities validated in this manner generally are reflected within Level 2, as they are primarily based on observable pricing for similar assets and/or other market observable inputs. If the pricing information received from independent valuation service providers is not reflective of market activity or other inputs observable in the market, the Company may challenge the price through a formal process in accordance with the terms of the respective independent valuation service provider agreement. If as a result it is determined that the independent valuation service provider is able to reprice the security in a manner agreed as more consistent with current market observations, the security remains within Level 2. Alternatively, a Level3 classification may result if the pricing information then is sourced from another vendor, non-binding broker quotes, or internally-developed valuations for which the Company's own assumptions about market-participant inputs would be used in pricing the security.

At June 30, 2012 and December 31, 2011, respectively, the fair value of private fixed maturities is approximately $7,681 million and $7,459 million or approximately 5.9% and 6.0% of the Company's total assets measured at fair value on a recurring basis. The fair values of the Company's private fixed maturities, which primarily are comprised of investments in private placement securities generally are determined using a discounted cash flow model. In certain cases, these models use observable inputs with a discount rate based upon the average of spread surveys collected from private market intermediaries who are active in both primary and secondary transactions, taking into account, among other factors, the credit quality and industry sector of the issuer and the reduced liquidity associated with private placements. Generally, these securities have been reflected within Level 2. For certain private fixed maturities, the discounted cash flow model may also incorporate unobservable inputs, which reflect the Company's own assumptions about the inputs market participants would use in pricing the asset. To the extent management determines that such unobservable inputs are significant to the fair value measurement of a security, a Level 3 classification generally is made.

As disclosed in Note 3, at June 30, 2012 and December 31, 2011, respectively, the net fair value of freestanding derivative positions is approximately $1,545 million and $1,536 million or approximately 68.2% and 65.6% of Other invested assets measured at fair value on a recurring basis. The fair values of the Company's derivative positions are generally based on prices obtained either from independent valuation service providers or derived by applying market inputs from recognized vendors into industry standard pricing models. The majority of these derivative contracts are traded in the OTC derivative market and are classified in Level 2. The fair values of derivative assets and liabilities traded in the OTC market are determined using quantitative models that require use of the contractual terms of the derivative instruments and multiple market inputs, including interest rates, prices, and indices to generate continuous yield or pricing curves and volatility factors, which then are applied to value the positions. The predominance of market inputs is actively quoted and can be validated through external sources or reliably interpolated if less observable.If the pricing information received from independent valuation service providers is not reflective of market activity or other inputs observable in the market, the Company may challenge the price through a formal process in accordance with the terms of the respective independent valuation service provider agreement. If as a result it is determined that the independent valuation service provider is able to reprice the derivative instrument in a manner agreed as more consistent with current market observations, the position remains within Level 2.

The credit risk of the counterparty and of the Company are considered in determining the fair values of all OTC derivative asset and liability positions, respectively, after taking into account the effects of master netting agreements and collateral arrangements. Each reporting period, the Company values its derivative positions using the standard swap curve and evaluates whether to adjust the embedded credit spread to reflect changes in counterparty or its own credit standing. As a result, the Company reduced the fair value of its OTC derivative asset exposures by $5 million at June 30, 2012 to recognize incremental counterparty non-performance risk. The unadjusted swap curve was determined to be reflective of the non-performance risk of the Company for purpose of determining the fair value of its OTC liability positions at June 30, 2012.

At June 30, 2012 and December 31, 2011, respectively, investments classified as Level 1 comprise approximately 70.3% and 70.2% of assets measured at fair value on a recurring basis and primarily include redeemable preferred stock, trading securities, cash equivalents and Separate Accounts assets. Fair value measurements classified as Level 1 include exchange-traded prices of fixed maturities, equity securities and derivative contracts, and net asset values for transacting subscriptions and redemptions of mutual fund shares held by Separate Accounts. Cash equivalents classified as Level 1 include money market accounts, overnight commercial paper and highly liquid debt instruments purchased with an original maturity of three months or less, and are carried at cost as a proxy for fair value measurement due to their short-term nature.

At June 30, 2012 and December 31, 2011, respectively, investments classified as Level 2 comprise approximately 28.3% and 28.2% of assets measured at fair value on a recurring basis and primarily include U.S. government and agency securities and certain corporate debt securities, such as public and private fixed maturities. As market quotes generally are not readily available or accessible for these securities, their fair value measures are determined utilizing relevant information generated by market transactions involving comparable securities and often are based on model pricing techniques that effectively discount prospective cash flows to present value using appropriate sector-adjusted credit spreads commensurate with the security's duration, also taking into consideration issuer-specific credit quality and liquidity. Segregated securities classified as Level 2 are U.S. Treasury Bills segregated by AllianceBernstein in a special reserve bank custody account for the exclusive benefit of brokerage customers, as required by Rule 15c3-3 of the Exchange Act and for which fair values are based on quoted yields in secondary markets.

Observable inputs generally used to measure the fair value of securities classified as Level 2 include benchmark yields, reported secondary trades, issuer spreads, benchmark securities and other reference data. Additional observable inputs are used when available, and as may be appropriate, for certain security types, such as prepayment, default, and collateral information for the purpose of measuring the fair value of mortgage- and asset-backed securities. At June 30, 2012 and December 31, 2011, respectively, approximately $1,847 million and $1,718 million of AAA-rated mortgage- and asset-backed securities are classified as Level 2 for which the observability of market inputs to their pricing models is supported by sufficient, albeit more recently contracted, market activity in these sectors.

At June 30, 2012 and December 31, 2011, respectively, investments classified as Level 3 comprise approximately 1.4% and 1.6% of assets measured at fair value on a recurring basis and primarily include corporate debt securities, such as private fixed maturities. Determinations to classify fair value measures within Level 3 of the valuation hierarchy generally are based upon the significance of the unobservable factors to the overall fair value measurement. Included in the Level 3 classification at June 30, 2012 and December 31, 2011, respectively, were approximately $227 million and $347 million of fixed maturities with indicative pricing obtained from brokers that otherwise could not be corroborated to market observable data. The Company applies various due-diligence procedures, as considered appropriate, to validate these non-binding broker quotes for reasonableness, based on its understanding of the markets, including use of internally-developed assumptions about inputs a market participant would use to price the security. In addition, approximately $1,056 million and $1,082 million of mortgage- and asset-backed securities, including CMBS, are classified as Level 3 at June 30, 2012 and December 31, 2011, respectively. At June 30, 2012, the Company continued to apply a risk-adjusted present value technique to estimate the fair value of CMBS securities below the senior AAA tranche due to ongoing insufficient frequency and volume of observable trading activity in these securities.  In applying this valuation methodology, the Company adjusted the projected cash flows of these securities for origination year, default metrics, and level of subordination, with the objective of maximizing observable inputs, and weighted the result with a 10% attribution to pricing sourced from a third party service whose process placed significant reliance on market trading activity.

The Company also issues certain benefits on its variable annuity products that are accounted for as derivatives and are also considered Level 3. The GMWB feature allows the policyholder to withdraw at minimum, over the life of the contract, an amount based on the contract's benefit base. The GWBL feature allows the policyholder to withdraw, each year for the life of the contract, a specified annual percentage of an amount based on the contract's benefit base. The GMAB feature increases the contract account value at the end of a specified period to a GMAB base. The GIB feature provides a lifetime annuity based on predetermined annuity purchase rates if and when the contract account value is depleted. This lifetime annuity is based on predetermined annuity purchase rates applied to a GIB base.

Level 3 also includes the GMIB reinsurance contract asset which is accounted for as derivative contracts. The GMIB reinsurance contract asset's fair value reflects the present value of reinsurance premiums and recoveries and risk margins over a range of market consistent economic scenarios while the GWBL related liability reflects the present value of expected future payments (benefits) less fees, adjusted for risk margins, attributable to the GWBL feature over a range of market-consistent economic scenarios. The valuations of both the GMIB reinsurance contract asset and GWBL features' liability incorporate significant non-observable assumptions related to policyholder behavior, risk margins and projections of equity Separate Account funds consistent with the S&P 500 Index. The credit risks of the counterparty and of the Company are considered in determining the fair values of its GMIB reinsurance contract asset and GWBL and other features' liability positions, respectively, after taking into account the effects of collateral arrangements. Incremental adjustment to the swap curve, adjusted for non-performance risk,is made to the resulting fair values of the GMIB reinsurance contract asset to reflect change in the claims-paying ratings of counterparties to the reinsurance treaties. After giving consideration to collateral arrangements, the Company reduced the fair value of its GMIB reinsurance contract asset by $868 million and $688 million at June 30, 2012 and December 31, 2011, respectively, to recognize incremental counterparty non-performance risk. The unadjusted swap curve was determined to be reflective of the AA quality claims-paying rating of AXA Equitable, therefore, no incremental adjustment was made for non-performance risk for purpose of determining the fair value of the GWBL and other features' liability embedded derivative at June 30, 2012.Equity and fixed income volatilities are combined, with weighting based on the current fund distribution, to produce an overall volatility assumption. Scenarios are developed that value an at the money option at a price consistent with the overall volatility.

In the first six months of 2012, AFS fixed maturities with fair values of $99 million were transferred out of Level 3 and into Level 2 principally due to the availability of trading activity and/or market observable inputs to measure and validate their fair values. In addition, AFS fixed maturities with fair value of $7 million were transferred from Level 2 into the Level 3 classification. These transfers in the aggregate represent approximately 0.7% of total equity at June 30, 2012. In the first quarter of 2012, one of the Company's private securities went public and as a result, $14 million was transferred from a Level 3 classification to a Level 2 classification.

In the first six months of 2011, AFS fixed maturities with fair values of $48 million were transferred out of Level 3 and into Level 2 principally due to the availability of trading activity and/or market observable inputs to measure and validate their fair values. In addition, AFS fixed maturities with fair value of $14 million were transferred from Level 2 into the Level 3 classification. These transfers in the aggregate represent approximately 0.4% of total equity at June 30, 2011. In the second quarter of 2011, $21 million was transferred from a Level 2 classification to a Level 1 classification due to the lapse of the trading restriction period for one of the Company's public securities.

6)       FAIR VALUE DISCLOSURES

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The accounting guidance established a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value, and identifies three levels of inputs that may be used to measure fair value:

Level 1       Unadjusted quoted prices for identical instruments in active markets. Level 1 fair values generally are supported by market transactions that occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2       Observable inputs other than Level 1 prices, such as quoted prices for similar instruments, quoted prices in markets that are not active, and inputs to model-derived valuations that are directly observable or can be corroborated by observable market data.

Level 3       Unobservable inputs supported by little or no market activity and often requiring significant management judgment or estimation, such as an entity's own assumptions about the cash flows or other significant components of value that market participants would use in pricing the asset or liability.

The Company defines fair value as the unadjusted quoted market prices for those instruments that are actively traded in financial markets. In cases where quoted market prices are not available, fair values are measured using present value or other valuation techniques. The fair value determinations are made at a specific point in time, based on available market information and judgments about the financial instrument, including estimates of the timing and amount of expected future cash flows and the credit standing of counterparties. Such adjustments do not reflect any premium or discount that could result from offering for sale at one time the Company's entire holdings of a particular financial instrument, nor do they consider the tax impact of the realization of unrealized gains or losses. In many cases, the fair value cannot be substantiated by direct comparison to independent markets, nor can the disclosed value be realized in immediate settlement of the instrument.

Management is responsible for the determination of the value of investments carried at fair value and the supporting methodologies and assumptions. Under the terms of various service agreements, the Company often utilizes independent valuation service providers to gather, analyze, and interpret market information and derive fair values based upon relevant methodologies and assumptions for individual securities. These independent valuation service providers typically obtain data about market transactions and other key valuation model inputs from multiple sources and, through the use of widely accepted valuation models, provide a single fair value measurement for individual securities for which a fair value has been requested. As further described below with respect to specific asset classes, these inputs include, but are not limited to, market prices for recent trades and transactions in comparable securities, benchmark yields, interest rate yield curves, credit spreads, quoted prices for similar securities, and other market-observable information, as applicable. Specific attributes of the security being valued also are considered, including its term, interest rate, credit rating, industry sector, and when applicable, collateral quality and other security- or issuer-specific information. When insufficient market observable information is available upon which to measure fair value, the Company either will request brokers knowledgeable about these securities to provide a non-binding quote or will employ widely accepted internal valuation models. Fair values received from independent valuation service providers and brokers and those internally modeled or otherwise estimated are assessed for reasonableness.

Assets and liabilities measured at fair value on a recurring basis are summarized below. Fair value measurements also are required on a non-recurring basis for certain assets, including goodwill, mortgage loans on real estate, equity real estate held for production of income, and equity real estate held for sale, only when an OTTI or other event occurs. When such fair value measurements are recorded, they must be classified and disclosed within the fair value hierarchy. At June 30, 2012 and December 31, 2011, no assets were required to be measured at fair value on a non-recurring basis.

Fair Value Measurements at June 30, 2012
				Level 1		Level 2		Level 3		Total
				(In Millions)
Assets:
Investments:
	Fixed maturities, available-for-sale:
		Corporate		$	7	$	22,329	$	383	$	22,719
		U.S. Treasury, government and agency			0		5,140		0		5,140
		States and political subdivisions			0		474		52		526
		Foreign governments			0		522		0		522
		Commercial mortgage-backed			0		0		906		906
		Residential mortgage-backed(1)			0		1,789		11		1,800
		Asset-backed(2)			0		87		139		226
		Redeemable preferred stock			290		867		15		1,172
			Subtotal		297		31,208		1,506		33,011
	Other equity investments				65		8		58		131
	Trading securities				471		1,056		0		1,527
	Other invested assets:
		Short-term investments			0		134		0		134
		Swaps			0		199		0		199
		Futures			(4)		0		0		(4)
		Options			0		99		0		99
		Floors			0		315		0		315
		Swaptions			0		937		0		937
			Subtotal		(4)		1,684		0		1,680
Cash equivalents					2,926		0		0		2,926
Segregated securities					0		1,155		0		1,155
GMIB reinsurance contracts					0		0		11,381		11,381
Separate Accounts' assets					87,175		2,588		222		89,985
		Total Assets		$	90,930	$	37,699	$	13,167	$	141,796
Liabilities
GWBL and other features' liability				$	0	$	0	$	334	$	334
		Total Liabilities		$	0	$	0	$	334	$	334

(1)       Includes publicly traded agency pass-through securities and collateralized obligations.

(2)       Includes credit-tranched securities collateralized by sub-prime mortgages and other asset types and credit tenant loans.

Fair Value Measurements at December 31, 2011
				Level 1		Level 2		Level 3		Total
				(In Millions)
Assets:
Investments:
	Fixed maturities, available-for-sale:
		Corporate		$	7	$	22,698	$	432	$	23,137
		U.S. Treasury, government and agency			0		3,948		0		3,948
		States and political subdivisions			0		487		53		540
		Foreign governments			0		503		22		525
		Commercial mortgage-backed			0		0		902		902
		Residential mortgage-backed(1)			0		1,632		14		1,646
		Asset-backed(2)			0		92		172		264
		Redeemable preferred stock			203		813		14		1,030
			Subtotal		210		30,173		1,609		31,992
	Other equity investments				66		0		77		143
	Trading securities				457		525		0		982
	Other invested assets:
		Short-term investments			0		132		0		132
		Swaps			0		177		(2)		175
		Futures			(2)		0		0		(2)
		Options			0		7		0		7
		Floors			0		327		0		327
		Swaptions			0		1,029		0		1,029
			Subtotal		(2)		1,672		(2)		1,668
Cash equivalents					2,475		0		0		2,475
Segregated securities					0		1,280		0		1,280
GMIB reinsurance contracts					0		0		10,547		10,547
Separate Accounts' assets					83,672		2,532		215		86,419
		Total Assets		$	86,878	$	36,182	$	12,446	$	135,506
Liabilities:
GWBL and other features' liability				$	0	$	0	$	291	$	291
		Total Liabilities		$	0	$	0	$	291	$	291

(1)       Includes publicly traded agency pass-through securities and collateralized obligations.

(2)       Includes credit-tranched securities collateralized by sub-prime mortgages and other asset types and credit tenant loans.

The table below presents a reconciliation for all Level 3 assets and liabilities for the second quarterand first six months of 2012 and 2011, respectively:

Level 3 Instruments
Fair Value Measurements
							State and
							Political				Commercial		Residential
							Sub-		Foreign		Mortgage-		Mortgage-		Asset-
					Corporate		divisions		Govts		backed		backed		backed
					(In Millions)
Balance, April 1, 2012					$	394	$	52	$	20	$	933	$	12	$	165
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)			0		0		0		0		0		0
			Investment gains (losses), net			0		0		0		(51)		0		0
				Subtotal		0		0		0		(51)		0		0
		Other comprehensive income (loss)				(2)		0		0		41		0		(1)
Purchases						25		0		0		0		0		0
Issues						0		0		0		0		0		0
Sales						(21)		0		0		(17)		(1)		(7)
Settlements						0		0		0		0		0		0
Transfers into Level 3(1)						5		0		0		0		0		0
Transfers out of Level 3(1)						(18)		0		(20)		0		0		(18)
Balance, June 30, 2012					$	383	$	52	$	0	$	906	$	11	$	139
Balance, April 1, 2011					$	355	$	48	$	21	$	1,107	$	0	$	125
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)			1		0		0		0		0		0
			Investment gains (losses), net			0		0		0		(21)		0		0
				Subtotal		1		0		0		(21)		0		0
		Other comprehensive income (loss)				2		1		0		(6)		0		0
Purchases						100		0		0		0		0		0
Issues						0		0		0		0		0		0
Sales						(6)		0		0		(76)		0		(9)
Settlements						0		0		0		0		0		0
Transfers into Level 3(1)						2		0		0		0		0		0
Transfers out of Level 3(1)						(48)		0		0		0		0		0
Balance, June 30, 2011					$	406	$	49	$	21	$	1,004	$	0	$	116

• Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values.

								State and
								Political				Commercial		Residential
								Sub-		Foreign		Mortgage-		Mortgage-		Asset-
						Corporate		divisions		Govts		backed		backed		backed
						(In Millions)
Balance, January 1, 2012						$	432	$	53	$	22	$	902	$	14	$	172
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		1		0		0
			Investment gains (losses), net				0		0		0		(54)		0		0
			Increase (decrease) in the fair value
				of the reinsurance contracts			0		0		0		0		0		0
					Subtotal		0		0		0		(53)		0		0
		Other comprehensive income (loss)					1		0		0		78		0		0
Purchases							25		0		0		0		0		0
Issues							0		0		0		0		0		0
Sales							(25)		(1)		0		(21)		(3)		(13)
Settlements							0		0		0		0		0		0
Transfers into Level 3(1)							7		0		0		0		0		0
Transfers out of Level 3(1)							(57)		0		(22)		0		0		(20)
Balance, June 30, 2012						$	383	$	52	$	0	$	906	$	11	$	139
Balance, January 1, 2011						$	320	$	49	$	21	$	1,103	$	0	$	148
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				2		0		0		1		0		0
			Investment gains (losses), net				0		0		0		(20)		0		1
			Increase (decrease) in the fair value
				of the reinsurance contracts			0		0		0		0		0		0
					Subtotal		2		0		0		(19)		0		1
		Other comprehensive income (loss)					(2)		0		0		55		0		2
Purchases							111		0		0		0		0		0
Issues							0		0		0		0		0		0
Sales							(10)		0		0		(135)		0		(16)
Settlements							0		0		0		0		0		0
Transfers into Level 3(1)							14		0		0		0		0		0
Transfers out of Level 3(1)							(29)		0		0		0		0		(19)
Balance, June 30, 2011						$	406	$	49	$	21	$	1,004	$	0	$	116

• Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values.

						Redeem-										GWBL
						able		Other		Other		GMIB		Separate		and Other
						Preferred		Equity		Invested		Reinsurance		Accounts		Features
						Stock		Investments(1)		Assets		Asset		Assets		Liability
						(In Millions)
Balance, April 1, 2012						$	14	$	59	$	(59)	$	8,704	$	221	$	193
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		0		1		0
			Investment gains (losses), net				0		0		0		0		0		0
			Increase (decrease) in the fair value
				of the reinsurance contract asset			0		0		0		2,631		0		0
			Policyholders' benefits				0		0		0		0		0		129
					Subtotal		0		0		0		2,631		1		129
		Other comprehensive income (loss)					1		(1)		0		0		0		0
Purchases							0		0		0		60		6		12
Issues							0		0		0		0		0		0
Sales							0		0		0		(14)		(4)		0
Settlements							0		0		0		0		(1)		0
Transfers into Level 3(2)							0		0		0		0		0		0
Transfers out of Level 3(2)							0		0		59		0		(1)		0
Balance, June 30, 2012						$	15	$	58	$	0	$	11,381	$	222	$	334
Balance, April 1, 2011						$	3	$	73	$	0	$	3,673	$	212	$	17
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		0		0		0
			Investment gains (losses), net				0		0		0		0		3		0
			Increase (decrease) in the fair value
				of the reinsurance contract asset			0		0		0		641		0		0
			Policyholders' benefits				0		0		0		0		0		40
					Subtotal		0		0		0		641		3		40
		Other comprehensive income (loss)					(1)		(1)		0		0		0		0
Purchases							0		0		0		59		7		5
Issues							0		0		0		0		0		0
Sales							0		0		0		(6)		(1)		0
Settlements							0		0		0		0		0		0
Transfers into Level 3(2)							0		0		0		0		(1)		0
Transfers out of Level 3(2)							0		0		0		0		0		0
Balance, June 30, 2011						$	2	$	72	$	0	$	4,367	$	220	$	62

• Includes Trading securities' Level 3 amount.
• Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values.

						Redeem-										GWBL
						able		Other		Other		GMIB		Separate		and Other
						Preferred		Equity		Invested		Reinsurance		Accounts		Features
						Stock		Investments(1)		Assets		Asset		Assets		Liability
						(In Millions)
Balance, January 1, 2012						$	14	$	77	$	(2)	$	10,547	$	215	$	291
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		0		4		0
			Investment gains (losses), net				0		0		0		0		0		0
			Increase (decrease) in the fair value
				of the reinsurance contracts			0		0		0		743		0		0
			Policyholders' benefits				0		0		0		0		0		25
					Subtotal		0		0		0		743		4		25
		Other comprehensive income (loss)					1		(19)		0		0		0		0
Purchases							0		0		0		121		7		18
Issues							0		0		0		0		0		0
Sales							0		0		0		(30)		(2)		0
Settlements							0		0		0		0		(2)		0
Transfers into Level 3(2)							0		0		0		0		0		0
Transfers out of Level 3(2)							0		0		2		0		0		0
Balance, June 30, 2012						$	15	$	58	$	0	$	11,381	$	222	$	334
Balance, January 1, 2011						$	2	$	73	$	0	$	4,606	$	207	$	94
	Total gains (losses), realized and
		unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		0		0		0
			Investment gains (losses), net				0		0		0		0		8		0
			Increase (decrease) in the fair value
				of the reinsurance contracts			0		0		0		(343)		0		0
			Policyholders' benefits				0		0		0		0		0		(42)
					Subtotal		0		0		0		(343)		8		(42)
		Other comprehensive income (loss)					0		(1)		0		0		0		0
Purchases							0		0		0		118		7		10
Issues							0		0		0		0		0		0
Sales							0		0		0		(14)		(1)		0
Settlements							0		0		0		0		0		0
Transfers into Level 3(2)							0		0		0		0		(1)		0
Transfers out of Level 3(2)							0		0		0		0		0		0
Balance, June 30, 2011						$	2	$	72	$	0	$	4,367	$	220	$	62

The table below details changes in unrealized gains (losses) for the second quarter and first six monthsof 2012 and 2011 by category for Level 3 assets and liabilities still held at June 30, 2012 and 2011, respectively:

					Earnings (Loss)
									Increase
					Net		Investment		(Decrease) in the
					Investment		Gains		Fair Value of the				Policy-
					Income		(Losses),		Reinsurance				holders'
					(Loss)		Net		Contract Asset		OCI		Benefits
					(In Millions)
Level 3 Instruments
Second Quarter 2012
Held at June 30, 2012:(1)
	Change in unrealized gains (losses):
		Fixed maturities, available-for-sale:
			Corporate		$	0	$	0	$	0	$	(2)	$	0
			Commercial mortgage-backed			0		0		0		40		0
			Asset-backed			0		0		0		(1)		0
			Other fixed maturities, available-for-sale			0		0		0		0		0
				Subtotal	$	0	$	0	$	0	$	37	$	0
		Other equity investments				0		0		0		(1)		0
		GMIB reinsurance contracts				0		0		2,677		0		0
		Separate Accounts’ assets				0		1		0		0		0
		GWBL and other features’ liability				0		0		0		0		(141)
				Total	$	0	$	1	$	2,677	$	36	$	(141)
Level 3 Instruments
Second Quarter 2011
Held at June 30, 2011:(1)
	Change in unrealized gains (losses):
		Fixed maturities, available-for-sale:
			Corporate		$	0	$	0	$	0	$	2	$	0
			Commercial mortgage-backed			0		0		0		(7)		0
			Other fixed maturities, available-for-sale			0		0		0		0		0
				Subtotal	$	0	$	0	$	0	$	(5)	$	0
		Other equity investments				0		0		0		0		0
		GMIB reinsurance contracts				0		0		694		0		0
		Separate Accounts’ assets				0		3		0		0		0
		GWBL and other features’ liability				0		0		0		0		(45)
				Total	$	0	$	3	$	694	$	(5)	$	(45)

• There were no Equity securities classified as AFS, Other invested assets, Cash equivalents or Segregated securities at June 30, 2012 and 2011.

					Earnings (Loss)
									Increase
					Net		Investment		(Decrease) in
					Investment		Gains		Fair Value of				Policy-
					Income		(Losses),		Reinsurance				holders'
					(Loss)		Net		Contracts		OCI		Benefits
					(In Millions)
Level 3 Instruments
First Six Months of 2012
Held at June 30, 2012:(1)
	Change in unrealized gains (losses):
		Fixed maturities, available-for-sale:
			Corporate		$	0	$	0	$	0	$	1	$	0
			Commercial mortgage-backed			0		0		0		78		0
			Asset-backed			0		0		0		0		0
			Other fixed maturities, available-for-sale			0		0		0		0		0
				Subtotal	$	0	$	0	$	0	$	79	$	0
		Other equity investments				0		0		0		(19)		0
		GMIB reinsurance contracts				0		0		834		0		0
		Separate Accounts’ assets				0		3		0		0		0
		GWBL and other features’ liability				0		0		0		0		(43)
				Total	$	0	$	3	$	834	$	60	$	(43)
Level 3 Instruments
First Six Months of 2011
Held at June 30, 2011:(1)
	Change in unrealized gains (losses):
		Fixed maturities, available-for-sale:
			Corporate		$	0	$	0	$	0	$	(1)	$	0
			Commercial mortgage-backed			0		0		0		49		0
			Asset-backed			0		0		0		2		0
			Other fixed maturities, available-for-sale			0		0		0		0		0
				Subtotal	$	0	$	0	$	0	$	50	$	0
		Other equity investments				0		0		0		0		0
		GMIB reinsurance contracts				0		0		(239)		0		0
		Separate Accounts’ assets				0		8		0		0		0
		GWBL and other features’ liability				0		0		0		0		32
				Total	$	0	$	8	$	(239)	$	50	$	32

• There were no Equity securities classified as AFS, Other invested assets, Cash equivalents or Segregated securities at June 30, 2012 and 2011.

The following table discloses quantitative information about Level 3fair value measurements by category for assets and liabilities as of June 30, 2012.

Quantitative Information about Level 3 Fair Value Measurements
June 30, 2012
			Fair		Valuation		Significant
			Value		Technique		Unobservable Input		Range
Assets:			(In Millions)
Investments:
	Fixed maturities, available-for-sale:
		Corporate	$	383	Discounted Cash flow		Bond equivalent yield		10.7%
							Spread over industry yield curve		909 bps
					Matrix Pricing Model		Spread over industry yield curve		0.0% - 6.5%
					Consensus pricing		Offered quotes		$54 - $119
		States and political subdivisions		52	Consensus pricing		Offered quotes		$ 119
		Commercial mortgage-backed		906	Discounted Cash flow		Constant default rate		3.0% - 25.0%
							Probability of default		55.0%
							Loss severity		49.0%
							Discount rate		4.0% - 15.0%
					Consensus pricing			Offered quotes	$ 102
		Residential mortgage-backed		11	Discounted Cash flow		Constant prepayment rate		415% PSA(1)
					Matrix pricing model		Spread over U.S. Treasury curve		0.46%
		Asset-backed		139	Discounted Cash flow		Constant prepayment rate		0.5% - 14.3%
							Probability of default		0.0% - 30.0%
							Loss severity		0.0% - 99.0%
							Spread over U.S. Treasury curve		255 bps - 793 bps
					Matrix pricing model		Spread over U.S. Treasury curve		0.0% - 6.9%
					Consensus pricing		Offered quotes		$18 - $109
		Redeemable preferred stock		15	Discounted Cash flow		Bond equivalent yield		8.6%
	Other equity investments			58	Market comparable		Revenue multiple		0.6x - 84.1x
						companies	R&D multiple		1.3x - 15.2x
							Discount rate		18.0%
							Discount years		1 - 2
							Discount for lack of marketability
								and risk factors	50.0% - 60.0%
Separate Accounts' assets				222	Third party appraisal		Capitalization rate		5.4%
							Exit capitalization rate		6.6%
							Discount rate		7.7%
					Discounted cash flow		Spread over U.S. Treasury curve		296 bps - 390 bps
							Inflation rate		2.0% - 3.0%
							Discount factor		1.0% - 3.0%

• Public Securities Association standard model for mortgage loan prepayments (“PSA”)

Quantitative Information about Level 3 Fair Value Measurements - (Continued)
June 30, 2012
		Fair		Valuation	Significant
		Value		Technique	Unobservable Input	Range
		(In Millions)
GMIB reinsurance contracts			11,381	Discounted Cash flow	Lapse Rates	0.9% - 8.0%
					Withdrawal Rates	0.2% - 8.0%
					GMIB Utilization Rates	0.0% - 15.0%
					Non-performance risk	20 - 84 bps
					Volatility rates - Equity	26.0%- 38.0%
	Total Assets	$	13,167
Liabilities:
GMWB/GWBL(2)		$	227	Discounted Cash flow	Lapse Rates	1.0% - 8.0%
					Withdrawal Rates	0.0% - 7.0%
					Volatility rates - Equity	26.0% - 38.0%
	Total Liabilities	$	227

• Excludes GMAB and GIB liabilities.

Corporate fixed maturities with fair value measures classified as Level 3 consist of privately placed debt instruments for which there is limited trading activity. Approximately 70.0% of the total fair value of these Level 3 securities at June 30, 2012 are consensus priced from non-binding broker quotes and subject to internal validation. Fair values for the remaining Level 3 corporate fixed maturities are determined using either a discounted cash flow model or a matrix pricing model, the latter requiring interpolation. Significant unobservable inputs to these models are bond equivalent yields for similar securities and/or spreads over the industry-specific yield curve. Generally, an increase in spreads or a decrease in yields would lead to directionally inverse movement in the fair value measurement of these securities.

Debt securities of state and political subdivisions classified as Level 3 consist of 1 issue for which fair value is determined by consensus pricing. Sources for offered quotes generally include the lead broker(s) and trading brokers, however, limited market activity in these securities may reduce the number of available broker quotations. Consensus prices are internally reviewed by those with relevant expertise and, as a result, may be adjusted to derive a fair value measurement for these securities; no such adjustments were made at June 30, 2012.

Commercial mortgage-backed securities classified as Level 3 consist of holdings subordinate to the AAA-tranche position and for which the Company applies a discounted cash flow methodology to measure fair value. The process for determining fair value first adjusts the contractual principal and interest payments to reflect performance expectations and then discounts the securities' cash flows to reflect an appropriate risk-adjusted return. The significant unobservable inputs used in these fair value measurements are default rate and probability, loss severity, and the discount rate. An increase either in the cumulative default rate, probability of default, or loss severity would result in a decrease in the fair value of these securities; generally, those assumptions would change in a directionally similar manner. A decrease in the discount rate would result in directionally inverse movement in the fair value measurement of these securities. Approximately 1.0% of the total fair value of these Level 3 securities at June 30, 2012 is consensus priced from non-binding broker quotes and subject to internal validation.

Residential mortgage-backed securities classified as Level 3 primarily consist of non-agency paper with low trading activity. Approximately 89.0% of the total fair value of these Level 3 securities at June 30, 2012 is determined using a discounted cash flow model and for which assumed prepayment experience is the most significant unobservable input. An increase (decrease) in the assumed prepayment speed would result in a decrease (increase) in the fair value measurement of these securities. Fair values for the remaining Level 3 residential mortgage-backed securities are determined using a matrix pricing model and for which the spread over the U.S. Treasury curve is the most significant unobservable input to the pricing result. Generally, a change in spreads would lead to directionally inverse movement in the fair value measurement of these securities.

Asset-backed securities classified as Level 3 primarily consist of non-agency mortgage loan trust certificates, including subprime and Alt-A paper, credit tenant loans, and equipment financings. Approximately 73.0% of the total fair value of these Level 3 securities at June 30, 2012 is determined using either a discounted cash flow model or a matrix pricing model. The significant unobservable inputs used in these models are prepayment rates, probability of default, loss severity and spread over the U.S. Treasury curve. Significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in loss severity and a directionally opposite change in the assumed prepayment speed. The remaining 27.0% of the total fair value of these Level 3 securities at June 30, 2012 is determined by consensus pricing. As the availability of market pricing for these securities is limited by low trading activity, offered quotes obtained from brokers are internally reviewed by those with relevant expertise and, as a result, may be adjusted to derive a fair value measurement for these securities; no such adjustments were made at June 30, 2012.

Redeemable preferred stocks classified as Level 3 are modeled using a discounted cash flow methodology to determine fair value and for which a bond equivalent yield is the most significant unobservable input. An increase (decrease) in that assumption would lead to a directionally inverse result on the fair value measurement of these securities.

Other equity investments classified as Level 3 primarily consist of private venture capital fund investments of AllianceBernstein for which fair values are adjusted to reflect expected exit values as evidenced by financing and sale transactions with third parties or when consideration of other factors, such as current company performance and market conditions, is determined by management to require valuation adjustment. Significant increase (decrease) in isolation in the underlying enterprise value to revenue multiple and enterprise value to R&D investment multiple, if applicable, would result in significantly higher (lower) fair value measurement. Significant increase (decrease) in the discount rate would result in a significantly lower (higher) fair value measurement. Significant increase (decrease) in isolation in the discount factor ascribed for lack of marketabilityand various risk factors would result in significantly lower (higher) fair value measurement. Changes in the discount factor generally are not correlated to changes in the value multiples. Also classified as Level 3 are approximately $21 million private venture capital fund-of-fund investments of AllianceBernstein for which fair value is estimated using the capital account balances provided by the partnerships. The interests in these partnerships cannot be redeemed. As of June 30, 2012, AllianceBernstein's aggregate unfunded commitments to these investments were approximately $19 million.

Separate Accounts' assets classified as Level 3 primarily consist of private equity investments with fair value of approximately $189 million, including approximately $183 million fair value investment in a private real estate fund, as well as mortgage loans with fair value of approximately $23 million. Third party appraisal is used to measure the fair value of the private real estate investment fund, including consideration of observable replacement cost and sales comparisons for the underlying commercial properties, as well as the results from applying a discounted cash flow approach. Significant increase (decrease) in isolation in the capitalization rate and exit capitalization rate assumptions used in the discounted cash flow approach to appraisal value would result in a higher (lower) measure of fair value. A discounted cash flow approach also is applied to determine the approximately $6 million fair value of the other private equity investment and for which the significant unobservable assumptions are an inflation rate formula and a discount factor that takes into account various risks, including the illiquid nature of the investment. A significant increase (decrease) in the inflation rate would have directionally inverse effect on the fair value of the security. With respect to the fair value measurement of mortgage loans, a significant increase (decrease) in the assumed spread over US Treasuries would produce a lower (higher) fair value measurement. Changes in the discount rate or factor used in the valuation techniques to determine the fair values of these private equity investments and mortgage loans generally are not correlated to changes in the other significant unobservable inputs. Significant increase (decrease) in isolation in the discount rate or factor would result in significantly lower (higher) fair value measurements. The remaining Separate Accounts' investments classified as Level 3 at June 30, 2012 consist of mortgage- and asset-backed securities with fair values of approximately $4 million and $6 million, respectively, and for which those measurements are determined using substantially the same valuation techniques as earlier described above for the Company's General Account investments in these securities.

Significant unobservable inputs with respect to the fair value measurement of the Level 3 GMIB reinsurance contract asset and the Level 3 liabilities identified in the table above are developed using Company data. Validations of unobservable inputs are performed to the extent the Company has experience. When an input is changed the model is updated and the results of each step of the model are analyzed for reasonableness.

The significant unobservable inputs used in the fair value measurement of the Company's GMIB reinsurance contract asset are lapse rates, withdrawal rates and GMIB utilization rates. Significant increases in GMIB utilization rates or decreases in lapse or withdrawal rates in isolation would tend to increase the GMIB reinsurance contract asset.

Fair value measurement of the GMIB reinsurance contract asset includes dynamic lapse and GMIB utilization assumptions whereby projected contractual lapses and GMIB utilization reflect the projected net amount of risks of the contract. As the net amount of risk of a contract increases, the assumed lapse rate decreases and the GMIB utilization increases. Increases in volatility would increase the asset.

The significant unobservable inputs used in the fair value measurement of the Company's GMWB and GWBL liability are lapse rates and withdrawal rates. Significant increases in withdrawal rates or decreases in lapse rates in isolation would tend to increase these liabilities.Increases in volatility would increase these liabilities.

The carrying values and fair values at June 30, 2012 and December 31, 2011 for financial instruments not otherwise disclosed in Note 3 are presented in the table below. Certain financial instruments are exempt from the requirements for fair value disclosure, such as insurance liabilities other than financial guarantees and investment contracts and pension and other postretirement obligations.

		June 30, 2012
		Carrying		Fair Value
		Value		Level 1		Level 2		Level 3		Total
		(In Millions)
Consolidated:
	Mortgage loans on real estate	$	4,633	$	0	$	0	$	4,807	$	4,807
	Other limited partnership interests		1,566		0		0		1,566		1,566
	Loans to affiliates		1,039		0		744		404		1,148
	Policyholders liabilities: Investment contracts		2,495		0		0		2,676		2,676
	Long-term debt		200		0		0		226		226
	Loans from affiliates		1,325		0		1,613		0		1,613

		December 31, 2011
		Carrying		Fair
		Value		Value
		(In Millions)
Consolidated:
	Mortgage loans on real estate	$	4,281	$	4,432
	Other limited partnership interests		1,582		1,582
	Loans to affiliates		1,041		1,097
	Policyholders liabilities: Investment contracts		2,549		2,713
	Long-term debt		200		220
	Loans from affiliates		1,325		1,485

Fair values for commercial and agricultural mortgage loans on real estate are measured by discounting future contractual cash flows to be received on the mortgage loan using interest rates at which loans with similar characteristics and credit quality would be made. The discount rate is derived from taking the appropriate U.S Treasury rate with a like term to the remaining term of the loan and adding a spread reflective of the risk premium associated with the specific loan. Fair values for mortgage loans anticipated to be foreclosed and problem mortgage loans are limited to the fair value of the underlying collateral, if lower.

Other limited partnership interests and other equity investments, including interests in investment companies, are accounted for under the equity method and for which the carrying value provides a reasonable estimate of fair value as the underlying investments of these partnerships are valued at estimated fair value.

Fair values for the Company's long-term debt are determined from quotations provided by brokers knowledgeable about these securities and internally assessed for reasonableness. The fair values of the Company's borrowing and lending arrangements with AXA affiliated entities are determined in the same manner as for such transactions with third parties, including matrix pricing models for debt securities and discounted cash flow analysis for mortgage loans.

The fair values for the Company's association plans contracts, supplementary contracts not involving life contingencies (“SCNILC”), deferred annuities and certain annuities, which are included in Policyholder's account balances are estimated using projected cash flows discounted at rates reflecting current market rates. Significant unobservable inputs reflected in the cash flows include lapse rates and withdrawal rates. Incremental adjustments may be made to the fair value to reflect non-performance risk. Certain other products such as Access Accounts are held at book value.

• Includes Trading securities' Level 3 amount.
• Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values.

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EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2012

Employee Benefit Plans [Abstract]

EMPLOYEE BENEFIT PLANS

7)       EMPLOYEE BENEFIT PLANS

The Health Acts signed into law in March 2010, are expected to have both immediate and long-term financial reporting implications for many employers who sponsor health plans for active employees and retirees. While many of the provisions of the Health Acts do not take effect until future years and are intended to coincide with fundamental changes to the healthcare system, current-period measurement of the benefits obligation is required to reflect an estimate of the potential implications of presently enacted law changes absent consideration of potential future plan modifications. Many of the specifics associated with this new healthcare legislation remain unclear, and further guidance is expected to become available as clarifying regulations are issued to address how the law is to be implemented. Management, in consultation with its actuarial advisors in respect of the Company's health and welfare plans, has concluded that a reasonable and reliable estimate of the impact of the Health Acts on future benefit levels cannot be made as of June 30, 2012 due to the significant uncertainty and complexity of many aspects of the new law.

Included among the major provisions of the Health Acts is a change in the tax treatment of the Medicare Part D subsidy. The subsidy came into existence with the enactment of the MMA in 2003 and is available to sponsors of retiree health benefit plans with a prescription drug benefit that is “actuarially equivalent” to the benefit provided by the Medicare Part D program. Prior to the Health Acts, sponsors were permitted to deduct the full cost of these retiree prescription drug plans without reduction for subsidies received. Although the Medicare Part D subsidy does not become taxable until years beginning after December 31, 2012, the effects of changes in tax law had to be recognized immediately in the income statement of the period of enactment. When MMA was enacted, the Company reduced its health benefits obligation to reflect the expected future subsidies from this program but did not establish a deferred tax asset for the value of the related future tax deductions. Consequently, passage of the Health Acts did not result in adjustment of the deferred tax accounts.

The funding policy of the Company for its qualified pension plans is to satisfy its funding obligations each year in an amount not less than the minimum required by the ERISA, as amended by the Pension Act, and not greater than the maximum it can deduct for Federal income tax purposes.

In the first six months of 2012, no cash contributions were made by AXA Equitableto its qualified pension plans. Based on the funded status of the Company's plans at June 30, 2012, no minimum contribution is required to be made in 2012 under ERISA, as amended by the Pension Act. AXA Equitable intends to make a discretionary contribution of approximately $260 million to its pension plan later this year. As of August 2, 2012, AllianceBernstein has not made any contributions in 2012 to its qualified pension plan and currently intends to contribute approximately $6 million later this year.

On January 31, 2012, AXA Equitable amended the terms of its qualified defined pension plan. Under the amended terms,the interest crediting rate for pay credits earned on or after April 1, 2012 (and any interest credits accrued or accruing in the future for these pay credits) will be based solely on the average daily rates for one-year Treasury Constant Maturities. This change will not affect pay credits credited prior to April 1, 2012 (and interest credits accrued or accruing in the future on these pay credits) where the annual interest crediting rate will continue to be the greater of 4.0% and the rate derived from the average daily rates for one-year Treasury Constant Maturities.

Effective February 11, 2012, AXA Equitable eliminated the 3% Company match in its qualified defined contribution plan and replaced it with a discretionary profit sharing contribution. The amount of any discretionary profit sharing contribution for a calendar year will be based on company performance for that year and will range from 0.0% to 4.0% of eligible compensation.

Components of certain benefit costs for the Company were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
	(In Millions)
Net Periodic Pension Expense:
(Qualified and Non-qualified Plans)
Service cost	$	11	$	10	$	22	$	20
Interest cost		27		30		53		60
Expected return on assets		(35)		(30)		(69)		(60)
Net amortization		41		36		82		72
Net Periodic Pension Expense	$	44	$	46	$	88	$	92

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INCOME TAXES

6 Months Ended

Jun. 30, 2012

Income Taxes [Abstract]

INCOME TAXES

9)       INCOME TAXES

Income taxes for the interim periods ended June 30, 2012 and 2011 have been computed using an estimated annual effective tax rate. This rate is revised, if necessary, at the end of each successive interim period to reflect the current estimate of the annual effective tax rate.

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INVESTMENTS (M Loans) (DETAILS1) (Commercial Real Estate Portfolio Segment [Member], USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Commercial Real Estate Portfolio Segment [Member]
Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 32	$ 18
Charge-offs	(20)	0
Recoveries	(1)	0
Provision	23	10
Ending balance	34	28
Ending Balance [Abstract]:
Individually Evaluated for Impairment	34	28
Collectively Evaluated for Impairment	0	0
Loans Acquired with Deteriorated Credit Quality	$ 0	$ 0

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RELATED PARTY TRANSACTIONS (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Guaranteed Minimum Income Benefit Reinsurance Contract Asset At Fair Value	$ 11,381		$ 11,381		$ 10,547
AXA Financial [Member]
Revenue from Related Parties	12	13	24	28
AXA Distribution [Member]
Related Party Transaction, Expenses from Transactions with Related Party	174	164	366	321
Revenue from Related Parties	102	111	207	219
Axa Arizona [Member]
Guaranteed Minimum Income Benefit Reinsurance Contract Asset At Fair Value	9,154		9,154		8,129
Ceded Premiums Earned Affiliated	120	120	237	236
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded To Affiliates	$ 19	$ 4	$ 35	$ 13

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ADOPTION AND FUTURE ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS (TABLES)

6 Months Ended

Jun. 30, 2012

Adoption And Future Adoption Of New Accounting Pronouncements Tables [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

			As Previously
			Reported		Adjustment		As Adjusted
			(In Millions)
Six Months Ended June 30, 2011
	Cash flows from operating activities:
		Net earnings (loss)	$	264	$	34	$	298
		Change in deferred policy acquisition costs		95		(51)		44
		Change in income taxes payable		9		17		26

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EMPLOYEE BENEFIT PLANS (TABLES)

6 Months Ended

Jun. 30, 2012

Employee Benefit Plans [Abstract]

Employee Benefit Plans Net Periodic Pension Expense [Table Text Block]

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
	(In Millions)
Net Periodic Pension Expense:
(Qualified and Non-qualified Plans)
Service cost	$	11	$	10	$	22	$	20
Interest cost		27		30		53		60
Expected return on assets		(35)		(30)		(69)		(60)
Net amortization		41		36		82		72
Net Periodic Pension Expense	$	44	$	46	$	88	$	92

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SHARE-BASED AND OTHER COMPENSATION PROGRAMS (DETAILS)	3 Months Ended		6 Months Ended			3 Months Ended	6 Months Ended	12 Months Ended	0 Months Ended	3 Months Ended	6 Months Ended	0 Months Ended		3 Months Ended	6 Months Ended	0 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2012 USD ($)	Jun. 30, 2011 USD ($)	Jun. 30, 2012 USD ($)	Jun. 30, 2011 USD ($)	Dec. 31, 2011 USD ($)	Jun. 30, 2012 Alliance Bernstein [Member] USD ($)	Jun. 30, 2012 Alliance Bernstein [Member] USD ($)	Dec. 31, 2011 Alliance Bernstein [Member]	Mar. 16, 2012 Performance Unit Plan 2012 [Member] The Company [Member}	Jun. 30, 2012 Performance Unit Plan 2012 [Member] The Company [Member} USD ($)	Jun. 30, 2012 Performance Unit Plan 2012 [Member] The Company [Member} USD ($)	Apr. 12, 2012 Performance Unit Plan 2010 [Member] The Company [Member} USD ($)	Mar. 16, 2012 Axa Miles [Member] The Company [Member} USD ($)	Jun. 30, 2012 Axa Miles [Member] The Company [Member} USD ($)	Jun. 30, 2012 Axa Miles [Member] The Company [Member} USD ($)	Mar. 16, 2012 Stock Option Plan 2012 [Member] The Company [Member} USD ($)	Jun. 30, 2012 Stock Option Plan 2012 [Member] The Company [Member} USD ($)	Jun. 30, 2012 Stock Option Plan 2012 [Member] The Company [Member} USD ($)	Mar. 16, 2012 Stock Option Plan 2012 [Member] The Company [Member} EUR (€)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Expense (Credit)	$ (5,000,000)	$ 56,000,000	$ 16,000,000	$ 116,000,000						$ (512,237)	$ (5,000,000)			$ 61,503	$ 395,462		$ 116,789	$ 495,982
Range of performance units at stake low range percentage									0.00%
Range of performance units at stake high range percentage									130.00%
Stock Options Granted Shares									2,300,000			539,406
Stock Options Granted Shares Per Employee													50
Stock options plan exercise price																			€ 12.22
Stock Options Granted With Conditional Terms																370,426
Stock Options Granted To Each Employee With Conditional Terms													25
Weighted Average Grant Date Fair Value																$ 2.48
Fair Value Assumptions Expected Volatility Rate																39.89%
Fair Value Assumptions Expected Term																5.6
Fair Value Assumptions Risk Expected Dividend Yield																7.54%
Fair Value Assumptions Risk Free Interest Rate																1.80%
The total fair value of options net of forfeitures													6,000,000			2,000,000
Cash Settlement Of Vested Units												9,000,000
Options Excercisable Shares																			900,790
Percentage Of Vested Units Settled For Cash												50.00%
Purchased Holding Units to help fund anticipated obligations under its incentive compensation award program Shares						2,100,000	6,600,000
Purchased Holding Units to help fund anticipated obligations under its incentive compensation award program Value			95,000,000	101,000,000		28,000,000	95,000,000
Open Market Purchase Shares						2,100,000	6,300,000
Open Market Purchase Value						28,000,000	91,000,000
Restricted Holding Unit Awars Granted to Employees						2,800,000	11,900,000	8,700,000
Restricted Holding Units Issued	2,000,000		2,000,000		2,000,000			8,700,000
Value of Unallocated Holding units remaining in the consolidated rabbi trust					$ 130,000,000

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GMDB, GMIB, GWBL AND NO LAPSE GUARANTEE FEATURES (DETAILS2) (USD $) In Millions, unless otherwise specified					6 Months Ended
	Jun. 30, 2012	Dec. 31, 2011	Jun. 30, 2011	Dec. 31, 2010	Jun. 30, 2012 Direct Liabilities For Guarantees [Member]	Jun. 30, 2011 Direct Liabilities For Guarantees [Member]	Jun. 30, 2012 Ceded Liabilities For Guarantees [Member]	Jun. 30, 2011 Ceded Liabilities For Guarantees [Member]	Jun. 30, 2012 Net Liabilities For Guarantees [Member]	Jun. 30, 2011 Net Liabilities For Guarantees [Member]	Jun. 30, 2012 Guaranteed Minimum Death Benefit [Member]	Dec. 31, 2011 Guaranteed Minimum Death Benefit [Member]	Jun. 30, 2011 Guaranteed Minimum Death Benefit [Member]	Dec. 31, 2010 Guaranteed Minimum Death Benefit [Member]	Jun. 30, 2012 Guaranteed Minimum Income Benefit [Member]	Dec. 31, 2011 Guaranteed Minimum Income Benefit [Member]	Jun. 30, 2011 Guaranteed Minimum Income Benefit [Member]	Dec. 31, 2010 Guaranteed Minimum Income Benefit [Member]	Jun. 30, 2012 Common Stock [Member] Guaranteed Minimum Death Benefit [Member]	Dec. 31, 2011 Common Stock [Member] Guaranteed Minimum Death Benefit [Member]	Jun. 30, 2012 Common Stock [Member] Guaranteed Minimum Income Benefit [Member]	Dec. 31, 2011 Common Stock [Member] Guaranteed Minimum Income Benefit [Member]	Jun. 30, 2012 Fixed Income Investments [Member] Guaranteed Minimum Death Benefit [Member]	Dec. 31, 2011 Fixed Income Investments [Member] Guaranteed Minimum Death Benefit [Member]	Jun. 30, 2012 Fixed Income Investments [Member] Guaranteed Minimum Income Benefit [Member]	Dec. 31, 2011 Fixed Income Investments [Member] Guaranteed Minimum Income Benefit [Member]	Jun. 30, 2012 Balanced [Member] Guaranteed Minimum Death Benefit [Member]	Dec. 31, 2011 Balanced [Member] Guaranteed Minimum Death Benefit [Member]	Jun. 30, 2012 Balanced [Member] Guaranteed Minimum Income Benefit [Member]	Dec. 31, 2011 Balanced [Member] Guaranteed Minimum Income Benefit [Member]	Jun. 30, 2012 Other Investments [Member] Guaranteed Minimum Death Benefit [Member]	Dec. 31, 2011 Other Investments [Member] Guaranteed Minimum Death Benefit [Member]	Jun. 30, 2012 Other Investments [Member] Guaranteed Minimum Income Benefit [Member]	Dec. 31, 2011 Other Investments [Member] Guaranteed Minimum Income Benefit [Member]
Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]
Separate Account Investments by Investment Category											$ 73,350	$ 70,194			$ 47,680	$ 45,887			$ 49,575	$ 46,207	$ 31,823	$ 29,819	$ 3,783	$ 3,810	$ 2,337	$ 2,344	$ 19,428	$ 19,525	$ 13,234	$ 13,379	$ 564	$ 652	$ 286	$ 345
Price Risk Fair Value Hedge Derivative On Balance Sheet [Abstract]
Account Value Hedged of Variable Annuity Contracts											37,422				20,850
Net Amount At Risk Hedged of Variable Annuity Contracts											7,657				2,755
Liabilities For Guarantees On Long Duration Contracts [Line Items]
Balance, January 1,	6,006	5,723	3,793	3,576	470	375	(262)	(231)	208	144	1,639	1,593	1,337	1,265	4,367	4,130	2,456	2,311
Other changes in reserves					50	13	(23)	(1)	27	12
Balance, end of period	$ 6,006	$ 5,723	$ 3,793	$ 3,576	$ 520	$ 388	$ (285)	$ (232)	$ 235	$ 156	$ 1,639	$ 1,593	$ 1,337	$ 1,265	$ 4,367	$ 4,130	$ 2,456	$ 2,311

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
COMPREHENSIVE INCOME (LOSS)
Net earnings (loss)	$ 2,468	$ 799	$ 895	$ 298
Other comprehensive income (loss) net of income taxes:
Change in unrealized gains (losses), net of reclassification adjustment	385	135	432	174
Changes in defined benefit plan related items not yet recognized in periodic benefit cost, net of reclassification adjustment	(27)	(12)	(52)	(33)
Total other comprehensive income (loss), net of income taxes	358	123	380	141
Comprehensive income (loss)	2,826	922	1,275	439
Less: Comprehensive (income) loss attributable to noncontrolling interest	(45)	(76)	(108)	(139)
Comprehensive Income (Loss) Attributable to AXA Financial Inc.	$ 2,781	$ 846	$ 1,167	$ 300

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INVESTMENTS

6 Months Ended

Jun. 30, 2012

Investments Disclosure [Abstract]

INVESTMENTS

3)INVESTMENTS

Fixed Maturities and Equity Securities

The following table provides information relating to fixed maturities and equity securities classified as AFS:

Available-for-Sale Securities by Classification
					Gross		Gross
			Amortized		Unrealized		Unrealized		Fair		OTTI
			Cost		Gains		Losses		Value		in AOCI (3)
			(In Millions)
June 30, 2012:
Fixed Maturities:
	Corporate		$	20,717	$	2,073	$	71	$	22,719	$	0
	U.S. Treasury, government and agency			4,600		540		0		5,140		0
	States and political subdivisions			448		79		1		526		0
	Foreign governments			451		71		0		522		0
	Commercial mortgage-backed			1,231		10		335		906		13
	Residential mortgage-backed(1)			1,713		87		0		1,800		0
	Asset-backed(2)			223		11		8		226		5
	Redeemable preferred stock			1,187		46		61		1,172		0
		Total Fixed Maturities		30,570		2,917		476		33,011		18
Equity securities				19		1		0		20		0
Total at June 30, 2012			$	30,589	$	2,918	$	476	$	33,031	$	18
December 31, 2011:
Fixed Maturities:
	Corporate		$	21,444	$	1,840	$	147	$	23,137	$	0
	U.S. Treasury, government and agency			3,598		350		0		3,948		0
	States and political subdivisions			478		64		2		540		0
	Foreign governments			461		65		1		525		0
	Commercial mortgage-backed			1,306		7		411		902		22
	Residential mortgage-backed(1)			1,556		90		0		1,646		0
	Asset-backed(2)			260		15		11		264		6
	Redeemable preferred stock			1,106		38		114		1,030		0
		Total Fixed Maturities		30,209		2,469		686		31,992		28
Equity securities				18		1		0		19		0
Total at December 31, 2011			$	30,227	$	2,470	$	686	$	32,011	$	28

• Includes publicly traded agency pass-through securities and collateralized mortgage obligations.
• Includes credit-tranched securities collateralized by sub-prime mortgages and other asset types and credit tenant loans.
• Amounts represent OTTI losses in AOCI, which were not included in earnings (loss) in accordance with current accounting guidance.

At June 30, 2012 and December 31, 2011, respectively, the Company had trading fixed maturities with an amortized cost of $255 million and $172 million and carrying values of $255 million and $172 million. Gross unrealized gains on trading fixed maturities were $4million and $4 million and gross unrealized losses were $4 million and $4 million at June 30, 2012 and December 31, 2011, respectively.

The contractual maturities of AFS fixed maturities (excluding redeemable preferred stock) at June 30, 2012 are shown in the table below. Bonds not due at a single maturity date have been included in the table in the final year of maturity. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

Available-for-Sale Fixed Maturities
Contractual Maturities at June 30, 2012
		Amortized Cost		Fair Value
		(In Millions)
Due in one year or less		$	2,460	$	2,495
Due in years two through five			7,290		7,861
Due in years six through ten			9,701		10,708
Due after ten years			6,765		7,843
	Subtotal		26,216		28,907
Commercial mortgage-backed securities			1,231		906
Residential mortgage-backed securities			1,713		1,800
Asset-backed securities			223		226
Total		$	29,383	$	31,839

The following table shows proceeds from sales, gross gains (losses) from sales and OTTI for AFS fixed maturities during the second quarter and first six months of 2012 and 2011:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
	(In Millions)
Proceeds from sales	$	28	$	62	$	28	$	273
Gross gains on sales	$	3	$	2	$	3	$	4
Gross losses on sales	$	(9)	$	0	$	(9)	$	(6)
Total OTTI	$	(50)	$	(23)	$	(53)	$	(23)
Non-credit losses recognized in OCI		1		1		1		1
Credit losses recognized in earnings (loss)	$	(49)	$	(22)	$	(52)	$	(22)

The following table sets forth the amount of credit loss impairments on fixed maturity securities held by the Company at the dates indicated and the corresponding changes in such amounts.

	Fixed Maturities - Credit Loss Impairments
		Three Months Ended					Six Months Ended
		June 30,					June 30,
			2012		2011		2012		2011
			(In Millions)
Balances, beginning of period			$	(334)	$	(306)	$	(332)	$	(329)
Previously recognized impairments on securities that matured,
	paid, prepaid or sold			14		0		15		23
Recognized impairments on securities impaired to fair value this period(1)				0		0		0		0
Impairments recognized this period on securities not previously impaired				(17)		(22)		(20)		(22)
Additional impairments this period on securities previously impaired				(32)		0		(32)		0
Increases due to passage of time on previously recorded credit losses				0		0		0		0
Accretion of previously recognized impairments due to increases in
	expected cash flows			0		0		0		0
Balances at June 30,			$	(369)	$	(328)	$	(369)	$	(328)

(1)       Represents circumstances where the Company determined in the current period that it intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of the security's amortized cost.

Net unrealized investment gains (losses) on fixed maturities and equity securities classified as AFS are included in the consolidated balance sheets as a component of AOCI. The table below presents these amounts as of the dates indicated:

			June 30,		December 31,
			2012		2011
			(In Millions)
AFS Securities:
	Fixed maturities:
		With OTTI loss	$	(14)	$	(47)
		All other		2,455		1,830
	Equity securities			1		1
Net Unrealized Gains (Losses)			$	2,442	$	1,784

Changes in net unrealized investment gains (losses) recognized in AOCI include reclassification adjustments to reflect amounts realized in Net earnings (loss) for the current period that had been part of OCI in earlier periods. The tables that follow below present a rollforward of net unrealized investment gains (losses) recognized in AOCI, split between amounts related to fixed maturity securities on which an OTTI loss has been recognized, and all other:

Net Unrealized Gains (Losses) on Fixed Maturities with OTTI Losses
											AOCI Gain
			Net								(Loss) Related
			Unrealized						Deferred		to Net
			Gains						Income		Unrealized
			(Losses) on				Policyholders		Tax Asset		Investment
			Investments		DAC		Liabilities		(Liability)		Gains (Losses)
			(In Millions)
Balance, April 1, 2012			$	(28)	$	1	$	4	$	8	$	(15)
Net investment gains (losses) arising
	during the period			(17)		0		0		0		(17)
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		32		0		0		0		32
		Excluded from Net earnings (loss)(1)		(1)		0		0		0		(1)
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		0		0		0		0
		Deferred income taxes		0		0		0		(5)		(5)
		Policyholders liabilities		0		0		(1)		0		(1)
Balance, June 30, 2012			$	(14)	$	1	$	3	$	3	$	(7)
Balance, April 1, 2011			$	(10)	$	2	$	3	$	2	$	(3)
Net investment gains (losses) arising
	during the period			2		0		0		0		2
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		0		0		0		0		0
		Excluded from Net earnings (loss)(1)		(1)		0		0		0		(1)
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(1)		0		0		(1)
		Deferred income taxes		0		0		0		0		0
		Policyholders liabilities		0		0		(1)		0		(1)
Balance, June 30, 2011			$	(9)	$	1	$	2	$	2	$	(4)

(1)       Represents “transfers in” related to the portion of OTTI losses recognized during the period that were not recognized in earnings (loss) for securities with no prior OTTI loss.

											AOCI Gain
			Net								(Loss) Related
			Unrealized						Deferred		to Net
			Gains						Income		Unrealized
			(Losses) on				Policyholders		Tax Asset		Investment
			Investments		DAC		Liabilities		(Liability)		Gains (Losses)
			(In Millions)
Balance, January 1, 2012			$	(47)	$	5	$	6	$	12	$	(24)
Net investment gains (losses) arising
	during the period			2		0		0		0		2
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		32		0		0		0		32
		Excluded from Net earnings (loss)(1)		(1)		0		0		0		(1)
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(4)		0		0		(4)
		Deferred income taxes		0		0		0		(9)		(9)
		Policyholders liabilities		0		0		(3)		0		(3)
Balance, June 30, 2012			$	(14)	$	1	$	3	$	3	$	(7)
Balance, January 1, 2011			$	(16)	$	3	$	2	$	4	$	(7)
Net investment gains (losses) arising
	during the period			8		0		0		0		8
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		0		0		0		0		0
		Excluded from Net earnings (loss)(1)		(1)		0		0		0		(1)
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(2)		0		0		(2)
		Deferred income taxes		0		0		0		(2)		(2)
		Policyholders liabilities		0		0		0		0		0
Balance, June 30, 2011			$	(9)	$	1	$	2	$	2	$	(4)

(1)       Represents “transfers in” related to the portion of OTTI losses recognized during the period that were not recognized in earnings (loss) for securities with no prior OTTI loss.

All Other Net Unrealized Investment Gains (Losses) in AOCI
											AOCI Gain
			Net								(Loss) Related
			Unrealized						Deferred		to Net
			Gains						Income		Unrealized
			(Losses) on				Policyholders		Tax Asset		Investment
			Investments		DAC		Liabilities		(Liability)		Gains (Losses)
			(In Millions)
Balance, April 1, 2012			$	1,789	$	(111)	$	(380)	$	(455)	$	843
Net investment gains (losses) arising
	during the period			644		0		0		0		644
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		22		0		0		0		22
		Excluded from Net earnings (loss)(1)		1		0		0		0		1
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(61)		0		0		(61)
		Deferred income taxes		0		0		0		(204)		(204)
		Policyholders liabilities		0		0		(22)		0		(22)
Balance, June 30, 2012			$	2,456	$	(172)	$	(402)	$	(659)	$	1,223
Balance, April 1, 2011			$	905	$	(106)	$	(114)	$	(240)	$	445
Net investment gains (losses) arising
	during the period			251		0		0		0		251
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		17		0		0		0		17
		Excluded from Net earnings (loss)(1)		1		0		0		0		1
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(29)		0		0		(29)
		Deferred income taxes		0		0		0		(68)		(68)
		Policyholders liabilities		0		0		(46)		0		(46)
Balance, June 30, 2011			$	1,174	$	(135)	$	(160)	$	(308)	$	571

(1)       Represents “transfers out” related to the portion of OTTI losses during the period that were not recognized in earnings (loss) for securities with no prior OTTI loss.

											AOCI Gain
			Net								(Loss) Related
			Unrealized						Deferred		to Net
			Gains						Income		Unrealized
			(Losses) on				Policyholders		Tax Asset		Investment
			Investments		DAC		Liabilities		(Liability)		Gains (Losses)
			(In Millions)
Balance, January 1, 2012			$	1,831	$	(206)	$	(385)	$	(433)	$	807
Net investment gains (losses) arising
	during the period			601		0		0		0		601
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		23		0		0		0		23
		Excluded from Net earnings (loss)(1)		1		0		0		0		1
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		34		0		0		34
		Deferred income taxes		0		0		0		(226)		(226)
		Policyholders liabilities		0		0		(17)		0		(17)
Balance, June 30, 2012			$	2,456	$	(172)	$	(402)	$	(659)	$	1,223
Balance, January 1, 2011			$	889	$	(108)	$	(121)	$	(232)	$	428
Net investment gains (losses) arising
	during the period			267		0		0		0		267
Reclassification adjustment for OTTI losses:
		Included in Net earnings (loss)		17		0		0		0		17
		Excluded from Net earnings (loss)(1)		1		0		0		0		1
Impact of net unrealized investment
	gains (losses) on:
		DAC		0		(27)		0		0		(27)
		Deferred income taxes		0		0		0		(76)		(76)
		Policyholders liabilities		0		0		(39)		0		(39)
Balance, June 30, 2011			$	1,174	$	(135)	$	(160)	$	(308)	$	571

(1)       Represents “transfers out” related to the portion of OTTI losses during the period that were not recognized in earnings (loss) for securities with no prior OTTI loss.

The following tables disclose the fair values and gross unrealized losses of the 358 issues at June 30, 2012 and the 535 issues at December 31, 2011 of fixed maturities that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position for the specified periods at the dates indicated:

			Less Than 12 Months				12 Months or Longer				Total
					Gross				Gross				Gross
					Unrealized				Unrealized				Unrealized
			Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
			(In Millions)
June 30, 2012:
Fixed Maturities:
	Corporate		$	661	$	(23)	$	486	$	(48)	$	1,147	$	(71)
	U.S. Treasury, government
		and agency		0		0		0		0		0		0
	States and political subdivisions			0		0		19		(1)		19		(1)
	Foreign governments			1		0		2		0		3		0
	Commercial mortgage-backed			64		(4)		789		(331)		853		(335)
	Residential mortgage-backed			131		0		1		0		132		0
	Asset-backed			0		0		42		(8)		42		(8)
	Redeemable preferred stock			16		0		508		(61)		524		(61)
Total			$	873	$	(27)	$	1,847	$	(449)	$	2,720	$	(476)
December 31, 2011:
Fixed Maturities:
Corporate			$	1,910	$	(96)	$	389	$	(51)	$	2,299	$	(147)
	U.S. Treasury, government
		and agency		149		0		0		0		149		0
	States and political subdivisions			0		0		18		(2)		18		(2)
	Foreign governments			30		(1)		5		0		35		(1)
	Commercial mortgage-backed			79		(27)		781		(384)		860		(411)
	Residential mortgage-backed			0		0		1		0		1		0
	Asset-backed			49		0		44		(11)		93		(11)
	Redeemable preferred stock			341		(28)		325		(86)		666		(114)
Total			$	2,558	$	(152)	$	1,563	$	(534)	$	4,121	$	(686)

The Company's investments in fixed maturity securities do not include concentrations of credit risk of any single issuer greater than 10% of the consolidated equity of AXA Equitable, other than securities of the U.S. government, U.S. government agencies, and certain securities guaranteed by the U.S. government. The Company maintains a diversified portfolio of corporate securities across industries and issuers and does not have exposure to any single issuer in excess of 0.3% of total investments. The largest exposures to a single issuer of corporate securities held at June 30, 2012 and December 31, 2011 were $139 million and $139 million, respectively. Corporate high yield securities, consisting primarily of public high yield bonds, are classified as other than investment grade by the various rating agencies, i.e., a rating below Baa3/BBB- or the NAIC designation of 3 (medium grade), 4 or 5 (below investment grade) or 6 (in or near default). At June 30, 2012 and December 31, 2011, respectively, approximately $2,266 million and $2,179 million, or 7.4% and 7.2%, of the $30,570million and $30,209million aggregate amortized cost of fixed maturities held by the Company were considered to be other than investment grade. These securities had net unrealized losses of $361 million and $455 million at June 30, 2012 and December 31, 2011, respectively.

The Company does not originate, purchase or warehouse residential mortgages and is not in the mortgage servicing business. The Company's fixed maturity investment portfolio includes RMBS backed by subprime and Alt-A residential mortgages, comprised of loans made by banks or mortgage lenders to residential borrowers with lower credit ratings. The criteria used to categorize such subprime borrowers include FICO scores, interest rates charged, debt-to-income ratios and loan-to-value ratios. Alt-A residential mortgages are mortgage loans where the risk profile falls between prime and subprime; borrowers typically have clean credit histories but the mortgage loan has an increased risk profile due to higher loan-to-value and debt-to-income ratios and/or inadequate documentation of the borrowers' income. At June 30, 2012 and December 31, 2011, respectively, the Company owned $20 million and $23 million in RMBS backed by subprime residential mortgage loans and $12 million and $13 million in RMBS backed by Alt-A residential mortgage loans. RMBS backed by subprime and Alt-A residential mortgages are fixed income investments supporting General Account liabilities.

At June 30, 2012, the carrying value of fixed maturities that were non-income producing for the twelve months preceding that date was $14 million.

For the second quarterand first six months of 2012 and 2011, investment income is shown net of investment expenses of $13 million, $26 million, $8 million and $25 million, respectively.

At June 30, 2012 and December 31, 2011, respectively, the amortized cost of the Company's trading account securities was $1,503 million and $1,014million with respective fair values of $1,527 million and $982 million. Also at June 30, 2012 and December 31, 2011, respectively, Other equity investments included the General Account's investment in Separate Accounts which had carrying values of $50 million and $48 million and costs of $50million and $50 million as well as other equity securities with carrying values of $20million and $19 million and costs of $19 million and $18 million.

In thesecond quarter and first six months of 2012 and 2011, respectively, net unrealized and realized holding gains (losses) on trading account equity securities, including earnings (loss) on the General Account's investment in Separate Accounts, of $(16) million, $32 million, $(5) million and $9 million, respectively, were included in Net investment income (loss) in the consolidated statements of earnings (loss).

Mortgage Loans

Mortgage loans on real estate are placed on nonaccrual status once management believes the collection of accrued interest is doubtful. Once mortgage loans on real estate are classified as nonaccrual loans, interest income is recognized under the cash basis of accounting and the resumption of the interest accrual would commence only after all past due interest has been collected or the mortgage loan on real estate has been restructured to where the collection of interest is considered likely. At June 30, 2012 and December 31, 2011, the carrying values of commercial and agricultural mortgage loans on real estate that had been classified as nonaccrual loans were $0 million and $52 million for commercial and $4 million and $5 million for agricultural, respectively.

Troubled Debt Restructurings

At June 30, 2012, there was one loan considered a Troubled Debt Restructuring (“TDR”). The loan shown in the table below was modified during third quarter 2011. The modification loweredexisting interest only payments until October 1, 2013, at which time the loan reverts to an amortizing payment. All interest deferred under the modification is due at maturity on November 5, 2014. Due to the nature of the modification, short-term cash flow relief, the modification has no financial impact. The fair market value of the underlying real estate collateral is the primary factor in determining the allowance for credit losses and as such, modification of loan terms typically has no direct impact on the allowance for credit losses.

Troubled Debt Restructuring - Modifications
		Number		Outstanding Recorded Investment
		of Loans		Pre-Modification		Post - Modification
June 30, 2012				(In Millions)
Troubled debt restructurings:
	Agricultural mortgage loans		0	$	0	$	0
	Commercial mortgage loans		1		84		84
Total			1	$	84	$	84

There were no default payments on the above loan during the second quarter and first six months of 2012.

Valuation Allowances for Mortgage Loans:

Allowance for credit losses for commercial mortgage loans for the first six months of 2012 and 2011 are as follows:

		2012		2011
Allowance for credit losses:		(In Millions)
Beginning balance, January 1,		$	32	$	18
	Charge-offs		(20)		0
	Recoveries		(1)		0
	Provision		23		10
Ending balance, June 30,		$	34	$	28
Ending balance, June 30,:
	Individually Evaluated for Impairment	$	34	$	28
	Collectively Evaluated for Impairment	$	0	$	0
	Loans Acquired with Deteriorated Credit Quality	$	0	$	0

There were no allowances for credit losses for agricultural mortgage loans for the first six months of 2012 and 2011.

The values used in these ratio calculations were developed as part of the periodic review of the commercial and agricultural mortgage loan portfolio, which includes an evaluation of the underlying collateral value. The following tables provide information relating to the debt service coverage ratio for commercialand agricultural mortgage loans at June 30, 2012 and December 31, 2011.

Mortgage Loans by Loan-to-Value and Debt Service Coverage Ratios
June 30, 2012
		Debt Service Coverage Ratio
												Less		Total
		Greater		1.8x to		1.5x to		1.2x to		1.0x to		than		Mortgage
Loan-to-Value Ratio:(2)		than 2.0x		2.0x		1.8x		1.5x		1.2x		1.0x		Loans
		(In Millions)
Commercial Mortgage Loans(1)
0% - 50%		$	151	$	0	$	6	$	1	$	28	$	0	$	186
50% - 70%			452		163		652		412		0		0		1,679
70% - 90%			0		41		187		466		138		15		847
90% plus			0		0		69		195		81		165		510
Total Commercial
	Mortgage Loans	$	603	$	204	$	914	$	1,074	$	247	$	180	$	3,222
Agricultural Mortgage Loans(1)
0% - 50%		$	159	$	94	$	180	$	249	$	190	$	11	$	883
50% - 70%			94		25		117		179		85		51		551
70% - 90%			0		0		0		1		2		8		11
90% plus			0		0		0		0		0		0		0
Total Agricultural
	Mortgage Loans	$	253	$	119	$	297	$	429	$	277	$	70	$	1,445
Total Mortgage Loans(1)
0% - 50%		$	310	$	94	$	186	$	250	$	218	$	11	$	1,069
50% - 70%			546		188		769		591		85		51		2,230
70% - 90%			0		41		187		467		140		23		858
90% plus			0		0		69		195		81		165		510
Total Mortgage Loans		$	856	$	323	$	1,211	$	1,503	$	524	$	250	$	4,667

• The debt service coverage ratio is calculated using the most recently reported net operating income results from property operations divided by annual debt service.
• The loan-to-value ratio is derived from current loan balance divided by the fair market value of the property. The fair market value of the underlying commercial properties is updated annually.

Mortgage Loans by Loan-to-Value and Debt Service Coverage Ratios
December 31, 2011
		Debt Service Coverage Ratio
												Less		Total
		Greater		1.8x to		1.5x to		1.2x to		1.0x to		than		Mortgage
Loan-to-Value Ratio:(2)		than 2.0x		2.0x		1.8x		1.5x		1.2x		1.0x		Loans
		(In Millions)
Commercial Mortgage Loans(1)
0% - 50%		$	182	$	0	$	33	$	30	$	31	$	0	$	276
50% - 70%			201		252		447		271		45		0		1,216
70% - 90%			0		41		280		318		213		0		852
90% plus			0		0		84		135		296		117		632
Total Commercial
	Mortgage Loans	$	383	$	293	$	844	$	754	$	585	$	117	$	2,976
Agricultural Mortgage Loans(1)
0% - 50%		$	150	$	89	$	175	$	247	$	190	$	8	$	859
50% - 70%			68		15		101		158		82		45		469
70% - 90%			0		0		0		1		0		8		9
90% plus			0		0		0		0		0		0		0
Total Agricultural
	Mortgage Loans	$	218	$	104	$	276	$	406	$	272	$	61	$	1,337
Total Mortgage Loans(1)
0% - 50%		$	332	$	89	$	208	$	277	$	221	$	8	$	1,135
50% - 70%			269		267		548		429		127		45		1,685
70% - 90%			0		41		280		319		213		8		861
90% plus			0		0		84		135		296		117		632
Total Mortgage Loans		$	601	$	397	$	1,120	$	1,160	$	857	$	178	$	4,313

• The debt service coverage ratio is calculated using the most recently reported net operating income results from property operations divided by annual debt service.
• The loan-to-value ratio is derived from current loan balance divided by the fair market value of the property. The fair market value of the underlying commercial properties is updated annually.

The following table provides information relating to the aging analysis of past due mortgage loans at June 30, 2012 and December 31, 2011, respectively.

Age Analysis of Past Due Mortgage Loans
														Recorded
														Investment
						90						Total		> 90 Days
		30-59		60-89		Days						Financing		and
		Days		Days		or >		Total		Current		Receivables		Accruing
								(In Millions)
June 30, 2012
	Commercial	$	0	$	0	$	0	$	0	$	3,222	$	3,222	$	0
	Agricultural		4		2		13		19		1,426		1,445		0
Total Mortgage Loans		$	4	$	2	$	13	$	19	$	4,648	$	4,667	$	0
December 31, 2011
	Commercial	$	61	$	0	$	0	$	61	$	2,915	$	2,976	$	0
	Agricultural		5		1		7		13		1,324		1,337		3
Total Mortgage Loans		$	66	$	1	$	7	$	74	$	4,239	$	4,313	$	3

The following table provides information regarding impaired mortgage loans at June 30, 2012 and December 31, 2011, respectively.

Impaired Mortgage Loans
				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
		Investment		Balance		Allowance		Investment(1)		Recognized
		(In Millions)
June 30, 2012:
With no related allowance recorded:
	Commercial mortgage loans - other	$	0	$	0	$	0	$	0	$	0
	Agricultural mortgage loans		4		4		0		4		0
Total		$	4	$	4	$	0	$	4	$	0
With related allowance recorded:
	Commercial mortgage loans - other	$	170	$	170	$	(34)	$	175	$	2
	Agricultural mortgage loans		0		0		0		0		0
Total		$	170	$	170	$	(34)	$	175	$	2
December 31, 2011:
With no related allowance recorded:
	Commercial mortgage loans - other	$	0	$	0	$	0	$	0	$	0
	Agricultural mortgage loans		5		5		0		5		0
Total		$	5	$	5	$	0	$	5	$	0
With related allowance recorded:
	Commercial mortgage loans - other	$	202	$	202	$	(32)	$	152	$	8
	Agricultural mortgage loans		0		0		0		0		0
Total		$	202	$	202	$	(32)	$	152	$	8

• Represents a five-quarter average of recorded amortized cost.

Derivatives

The Company has issued and continues to offer certain variable annuity products with GMDB, GMIB,guaranteed withdrawal benefit for life (“GWBL”)and guaranteed income benefits (“GIB”) features. The risk associated with the GMDB feature is that under-performance of the financial markets could result in GMDB benefits, in the event of death, being higher than what accumulated policyholders' account balances would support. The risk associated with the GMIB/GWBL/GIB feature is that under-performance of the financial markets could result in GMIB/GWBL/GIB benefits being higher than what accumulated policyholders' account balances would support. The Company uses derivatives for asset/liability risk management primarily to reduce exposures to equity market and interest rate fluctuations. Derivative hedging strategies are designed to reduce these risks from an economic perspective while also considering their impacts on accounting results. Operation of these hedging programs is based on models involving numerous estimates and assumptions, including, among others, mortality, lapse, surrender and withdrawal rates, election rates, market volatility and interest rates.

A wide range of derivative contracts are used in these hedging programs, including exchange traded equity, currency and interest rate futures contracts, total return and/or other equity swaps, interest rate swap and floor contracts, swaptions, variance swaps as well as equity options, that collectively are managed in an effort to reduce the economic impact of unfavorable changes in guaranteed benefits' exposures attributable to movements in the equity and fixed income markets. For GMDB, GMIB, GWBL and GIB, the Company retains certain risks including basis and some volatility risk and risk associated with actual versus expected assumptions for mortality, lapse and surrender, withdrawal and contractholder election rates, among other things. The derivative contracts are managed to correlate with changes in the value of the GMDB, GMIB, GWBL and GIB features that result from financial markets movements. A portion of exposure to realized interest rate volatility is hedged using swaptionsand a portion of exposure to realized equity volatility is hedged using equity options and variance swaps. The Company has purchased reinsurance contracts to mitigate the risks associated with GMDB features and the impact of potential market fluctuations on future policyholder elections of GMIB features contained in certain annuity contracts issued by the Company.

GWBL/GIB features and reinsurance contracts covering GMIB exposure are considered derivatives for accounting purposes and, therefore, are reported in the balance sheet at their fair value. None of the derivatives used in these programs were designated as qualifying hedges under U.S. GAAP accounting guidance for derivatives and hedging. All gains (losses) on derivatives are reported in Net investment income (loss) in the consolidated statements of earnings (loss) except those resulting from changes in the fair values of the embedded derivatives, the GWBL/GIB features are reported in Policyholder's benefits and the GMIB reinsurance contracts are reported on a separate line in the consolidated statement of earnings, respectively.

In addition to the Company's existing programs, in first quarter 2012, the Company entered into interest rate swaps related to the Company's GMDB and GMIB block of business issued prior to 2001 to manage exposure to interest rate fluctuations.

The table below presents quantitative disclosures about the Company's derivative instruments, including those embedded in other contracts though required to be accounted for as derivative instruments.

	Derivative Instruments by Category
									Gains (Losses)
			At June 30, 2012						Reported In Net
					Fair Value				Earnings (Loss)
			Notional		Asset		Liability		Six Months Ended
			Amount		Derivatives		Derivatives		June 30, 2012
			(In Millions)
Freestanding derivatives:
Equity contracts:(1)
	Futures		$	6,836	$	0	$	4	$	(560)
	Swaps			1,083		9		81		(137)
	Options			2,526		250		151		11
Interest rate contracts:(1)
	Floors			2,700		315		0		42
	Swaps			16,836		740		469		354
	Futures			14,945		0		0		147
	Swaptions			9,321		937		0		100
Other freestanding contracts:(1)
	Foreign currency contracts			297		0		1		1
		Net investment income (loss)								(42)
Embedded derivatives:
GMIB reinsurance contracts				0		11,381		0		834
GWBL and other features(2)				0		0		334		(43)
Total, June 30, 2012			$	54,544	$	13,632	$	1,040	$	749

• Reported in Other invested assets in the consolidated balance sheets.
• Reported in Future policy benefits and other policyholders liabilities.

									Gains (Losses)
			At December 31, 2011						Reported In Net
					Fair Value				Earnings (Loss)
			Notional		Asset		Liability		Six Months Ended
			Amount		Derivatives		Derivatives		June 30, 2011
			(In Millions)
Freestanding derivatives:
Equity contracts:(1)
	Futures		$	6,443	$	0	$	2	$	(282)
	Swaps			784		10		21		(30)
	Options			1,211		92		85		3
Interest rate contracts:(1)
	Floors			3,000		327		0		47
	Swaps			9,826		503		317		72
	Futures			11,983		0		0		6
	Swaptions			7,354		1,029		0		93
Other freestanding contracts:(1)
	Foreign currency contracts			38		0		0		0
		Net investment income (loss)								(91)
Embedded derivatives:
GMIB reinsurance contracts				0		10,547		0		(239)
GWBL and other features(2)				0		0		291		32
Total			$	40,639	$	12,508	$	716	$	(298)

• Reported in Other invested assets in the consolidated balance sheets.
• Reported in Future policy benefits and other policyholders liabilities.

The Company periodically, including during thefirst six months of 2012, has had in place a hedge program to partially protect against declining interest rates with respect to a part of its projected variable annuity sales.

The Company also uses equity and commodity indexed options to hedge its exposure to equity linked and commodity indexed crediting rates on annuity and life products.

Margins or “spreads” on interest-sensitive life insurance and annuity contracts are affected by interest rate fluctuations as the yield on portfolio investments, primarily fixed maturities, are intended to support required payments under these contracts, including interest rates credited to their policy and contract holders. The Company currently uses swaptions to reduce the risk associated with minimum crediting rate guarantees on these interest-sensitive contracts.

The Company is exposed to equity market fluctuations through investments in Separate Accounts and has entered into derivative contracts specifically to minimize such risk.

In second quarter 2012, the Company entered into futures and total return swaps on equity indices to mitigate the impact on net earnings from Separate Account fee revenue fluctuations due to movements in the equity markets. These positions cover fees expected to be earned through December of the current year from the Company's Separate Account products.

At June 30, 2012, the Company had open exchange-traded futures positions on the S&P 500, Russell 1000, NASDAQ 100 and Emerging Market indices, having initial margin requirements of $330 million. At June 30, 2012, the Company had open exchange-traded futures positions on the 2-year, 5-year, 10-year, 30-year U.S. Treasury Notes and Eurodollars having initial margin requirements of $121 million. At that same date, the Company had open exchange-traded future positions on the Euro Stoxx, FTSE 100, EAFE and Topix indices as well as corresponding currency futures on the Euro/U.S. dollar, Yen/U.S. dollar and Pound/U.S. dollar, having initial margin requirements of $8million. All exchange-traded futures contracts are net cash settled daily. All outstanding equity-based and treasury futures contracts at June 30, 2012 are exchange-traded and net settled daily in cash.

Although notional amount is the most commonly used measure of volume in the derivatives market, it is not used as a measure of credit risk. Generally, the current credit exposure of the Company's derivative contracts is limited to the net positive estimated fair value of derivative contracts at the reporting date after taking into consideration the existence of netting agreements and any collateral received pursuant to credit support annexes. A derivative with positive value (a derivative asset) indicates existence of credit risk because the counterparty would owe money to the Company if the contract were closed. Alternatively, a derivative contract with negative value (a derivative liability) indicates the Company would owe money to the counterparty if the contract were closed. However, generally if there is more than one derivative transaction with a single counterparty, a master netting arrangement exists with respect to derivative transactions with that counterparty to provide for net settlement.

The Company may be exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments. The Company controls and minimizes its counterparty exposure through a credit appraisal and approval process. In addition, the Company has executed various collateral arrangements with counterparties to over-the-counter derivative transactions that require both pledging and accepting collateral either in the form of cash or high-quality securities, such as U.S. Treasury securities or those issued by government agencies. At June 30, 2012 and December 31, 2011, respectively, the Company held $1,691 million and $1,438 million in cash and securities collateral delivered by trade counterparties, representing the fair value of the related derivative agreements. This unrestricted cash collateral is reported in Cash and cash equivalents, and the obligation to return it is reported in Other liabilities in the consolidated balance sheets.

Certain of the Company's standardized contracts for over-the-counter derivative transactions (“ISDA Master Agreements”) contain credit risk related contingent provisions related to its credit rating. In some ISDA Master Agreements, if the credit rating falls below a specified threshold, either a default or a termination event permitting the counterparty to terminate the ISDA Master Agreement would be triggered. In all agreements that provide for collateralization, various levels of collateralization of net liability positions are applicable, depending upon the credit rating of the counterparty. The aggregate fair value of all collateralized derivative transactions that were in a liability position at June 30, 2012 and December 31, 2011, respectively, were $1 million and $4 million, for which the Company held collateral of $29 million and $3 million at June 30, 2012 and December 31,2011, respectively, in the normal operation of its collateral arrangements. If the investment grade related contingent features had been triggered on June 30, 2012, the Company would not have been required to post material collateral to its counterparties.

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BUSINESS SEGMENT INFORMATION (TABLES)

6 Months Ended

Jun. 30, 2012

Business Segment Information Tables [Abstract]

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012			2011
	(In Millions)
Segment revenues:
Insurance	$	5,836	$	2,677	$	4,209	$	3,239
Investment Management(1)		646		729		1,326		1,484
Consolidation/elimination		(7)		(4)		(12)		(10)
Total Revenues	$	6,475	$	3,402	$	5,523	$	4,713

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2012		2011		2012			2011
		(In Millions)
Segment earnings (loss) from continuing operations,
	before income taxes:
Insurance		$	3,747	$	1,101	$	1,082	$	139
Investment Management(1)			80		99		179		220
Consolidation/elimination			(1)		1		(1)		1
Total Earnings (Loss) from Continuing Operations,
	before income taxes	$	3,826	$	1,201	$	1,260	$	360

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

	June 30,		December 31,
	2012		2011
	(In Millions)
Segment assets:
Insurance	$	160,312	$	153,099
Investment Management		11,755		11,811
Consolidation/elimination		(4)		(2)
Total Assets	$	172,063	$	164,908

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CLOSED BLOCKS (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Closed Block Liabilities [Abstract]
Future policy benefits and other policyholders liabilities	$ 8,045		$ 8,045		$ 8,121
Policyholder dividend obligation	305		305		260
Other liabilities	71		71		86
Total Closed Block liabilities	8,421		8,421		8,467
Assets Designated To Closed Block [Abstract]
Fixed maturities, available for sale, at fair value	5,743		5,743		5,686
Mortgage loans on real estate	1,184		1,184		1,205
Policy loans	1,052		1,052		1,061
Cash and other invested assets	56		56		30
Other assets	122		122		207
Total assets designated to the Closed Block	8,157		8,157		8,189
Excess of Closed Block liabilities over assets designated to the Closed Block	264		264		278
Amounts included in accumulated other comprehensive income (loss) [Abstract]
Net unrealized investment gains (losses) net of deferred income tax (expense) benefit and policyholder dividend obligation	91		91		62
Maximum Future Earnings To Be Recognized From Closed Block Assets and Liabilities	355		355		340
Closed Block Operations Revenue [Abstract]
Premiums and other income	79	89	160	181
Closed Block Operations Net Investment Income	105	108	212	218
Total investment gains (losses), net	(6)	(7)	(10)	(6)
Total revenues	178	190	362	393
Closed Block Operations Benefits And Expense [Abstract]
Policyholders benefits and dividends	198	195	385	400
Other operating costs and expenses	0	0	0	1
Total benefits and other deductions	198	195	385	401
Net revenues, before income taxes	(20)	(5)	(23)	(8)
Income tax (expense) benefit	7	2	8	3
Net Revenues	(13)	(3)	(15)	(5)
Movement In Closed Block Dividend Obligation [Roll Forward]
Balances, beginning of year			260	119
Unrealized investment gains (losses)			45	39
Balances, End of year	$ 305	$ 158	$ 305	$ 158

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Summary Of Significant Accounting Policies [Abstract]

New Accounting Pronouncements Policy [Policy Text Block]

In September 2011, the FASB issued new guidance on testing goodwill for impairment.  The guidance is intended to reduce the cost and complexity of the annual goodwill impairment test by providing entities with the option of performing a “qualitative” assessment to determine whether further impairment testing is necessary. The guidance was effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Implementation of this guidance did not have a material impact on the Company's consolidated financial statements.

In May 2011, the FASB amended its guidance on fair value measurements and disclosure requirements to enhance comparability between U.S. GAAP and IFRS. The changes to the existing guidance include how and when the valuation premise of highest and best use applies, the application of premiums and discounts, as well as new required disclosures. This guidance was effective for reporting periods beginning after December 15, 2011. Implementation of this guidance expanded the Company's fair value disclosures and did not have a material impact on the Company's consolidated financial statements.

In October 2010, the FASB issued authoritative guidance to address diversity in practice regarding the interpretation of which costs relating to the acquisition of new or renewal insurance contracts qualify for deferral. Under the amended guidance, an entity may defer incremental direct costs of contract acquisition with independent third parties or employees that are essential to the contract transaction, as well as the portion of employee compensation, including payroll fringe benefits and other costs directly related to underwriting, policy issuance and processing, medical inspection, and contract selling for successfully negotiated contracts. This amended guidance was effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 and permits, but does not require, retrospective application. The Company adopted this guidance effective January 1, 2012, and applied the retrospective method of adoption.

			As Previously Reported				Adjustment				As Adjusted
			December 31,				December 31,				December 31,
			2011		2010		2011		2010		2011		2010
			(In Millions)
Assets:
	Deferred policy acquisition costs		$	4,653	$	8,383	$	(1,108)	$	(1,880)	$	3,545	$	6,503
Liabilities:
	Income taxes payable			5,491		4,315		(387)		(658)		5,104		3,657
Equity:
	Retained earnings			10,120		8,085		(728)		(1,241)		9,392		6,844
	Accumulated other comprehensive
		income (loss)		(304)		(629)		7		19		(297)		(610)
	Total AXA Equitable's equity			15,561		13,051		(721)		(1,222)		14,840		11,829
	Total equity			18,264		16,169		(721)		(1,222)		17,543		14,947

The following table presents the effects of the retrospective application of the adoption of such new accounting guidance to the Company's previously reported consolidated statements of earnings (loss):

			As Previously
			Reported		Adjustment		As Adjusted
Three Months Ended June 30, 2011			(In Millions)
	Benefits and Other Deductions:
		Amortization of deferred policy acquisition costs	$	188	$	(74)	$	114
		Capitalization of deferred policy acquisition costs		(246)		69		(177)
	Earnings (loss) from continuing operations, before
		income taxes		1,196		5		1,201
	Income tax (expense) benefit			(401)		(1)		(402)
	Net earnings (loss)			795		4		799
	Net Earnings (Loss) Attributable to AXA Equitable			737		4		741
Six Months Ended June 30, 2011
	Benefits and Other Deductions:
		Amortization of deferred policy acquisition costs	$	565	$	(186)	$	379
		Capitalization of deferred policy acquisition costs		(470)		135		(335)
	Earnings (loss) from continuing operations, before
		income taxes		309		51		360
	Income tax (expense) benefit			(45)		(17)		(62)
	Net earnings (loss)			264		34		298
	Net Earnings (Loss) Attributable to AXA Equitable			135		34		169

The following table presents the effects of the retrospective application of the adoption of such new accounting guidance to the Company's previously reported consolidated balance sheets: