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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Universal life and investment-type product policy fee income $ 924 $ 899 $ 1,810 $ 1,712
Premiums 121 117 261 268
Net investment income (loss):        
Investment income (loss) from derivative instruments (915) 181 (578) 687
Other Investment Income (Loss) 532 557 1,063 1,152
Total net investment income (loss) (383) 738 485 1,839
Investment gains (losses), net:        
Total other-than-temporary impairment losses (16) (38) (18) (51)
Portion of loss recognized in other comprehensive income (loss) 0 0 0 0
Net impariment losses recognized (16) (38) (18) (51)
Other investment gains (losses), net 5 4 4 19
Total investment gains (losses), net (11) (34) (14) (32)
Commissions, fees and other income 1,019 984 2,005 1,927
Increase (decrease) in the fair value of the reinsurance contract asset (1,450) 820 (760) 1,516
Total revenues 220 3,524 3,787 7,230
BENEFITS AND OTHER DEDUCTIONS        
Policyholders' benefits 619 794 1,542 1,606
Interest credited to policyholders' account balances 268 358 588 654
Compensation and benefits 486 466 933 896
Commissions 292 287 566 573
Distribution related payments 102 101 203 198
Amortization of deferred sales commissions 13 9 25 18
Interest expense 5 17 10 35
Amortization of deferred policy acquisition costs 18 62 158 78
Capitalization of deferred policy acquisition costs (157) (153) (301) (312)
Rent expense 41 40 80 83
Amortization of other intangible assets 7 6 14 13
Other operating costs and expenses 279 355 592 695
Total benefits and other deductions 1,973 2,342 4,410 4,537
Earnings (loss) from continuing operations, before income taxes (1,753) 1,182 (623) 2,693
Income tax (expense) benefit 728 (144) 452 (599)
Net earnings (loss) (1,025) 1,038 (171) 2,094
Less: net (earnings) loss attributable to the noncontrolling interest (106) (93) (201) (172)
Net Earnings (Loss) Attributable to AXA Equitable $ (1,131) $ 945 $ (372) $ 1,922