Company research
Equitable Financial Life Insurance Co
CIK 727920Updated Nov 15, 2026
Name history
AXA EQUITABLE LIFE INSURANCE CO · through May 21, 2020EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES /NY/ · through Aug 20, 2004
Filing activity
Latest filing
50 filings on record · EFFECT, POS AM, S-1/A, S-1, 40-APP/A, 40-APP.
Recent filings
Show 5 more recent filings
Financials
FY 2024 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 263,300,000,000Source | 263,089,000,000Source | 227,635,000,000Source | 267,807,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,624,000,000Source | 2,833,000,000Source | 797,000,000Source | — |
| Operating Lease, Right-of-Use AssetUSD | 168,000,000Source | 192,000,000Source | 148,000,000Source | 215,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 266,131,000,000Source | 264,706,000,000Source | 229,074,000,000Source | 259,073,000,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 2,000,000Source | 2,000,000Source | 2,000,000Source | 2,000,000Source |
| Additional Paid in CapitalUSD | 6,827,000,000Source | 6,895,000,000Source | 8,536,000,000Source | 8,546,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,814,000,000Source | -1,600,000,000Source | -1,986,000,000Source | -2,199,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -7,884,000,000Source | -6,938,000,000Source | -8,012,000,000Source | 2,357,000,000Source |
| Liabilities and EquityUSD | 263,300,000,000Source | 263,089,000,000Source | 227,635,000,000Source | 267,807,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | — | 0Source |
| Additional Financial Items | ||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | — | — | -8,008,000,000Source | 2,362,000,000Source |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after TaxUSD | — | — | 4,000,000Source | 5,000,000Source |
| Deferred Tax Liabilities, NetUSD | 1,247,000,000Source | 797,000,000Source | 1,008,000,000Source | 1,595,000,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 38,000,000Source | 24,000,000Source | 21,000,000Source | 28,000,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -214,000,000Source | 157,000,000Source | 1,183,000,000Source | -1,396,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Deferred Income Tax Expense (Benefit)USD | -168,000,000Source | -1,261,000,000Source | 311,000,000Source | -463,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 3,615,000,000Source | 1,366,000,000Source | -2,317,000,000Source | -1,934,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -2,332,000,000Source | 2,970,000,000Source | -6,356,000,000Source | -12,553,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 214,000,000Source | 114,000,000Source | -81,000,000Source | -78,000,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,492,000,000Source | -2,300,000,000Source | 7,655,000,000Source | 14,259,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 0Source | 0Source | 37,000,000Source | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -1,000,000Source | 0Source | -42,000,000Source | 42,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,209,000,000Source | 2,036,000,000Source | -1,018,000,000Source | -228,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,624,000,000Source | 2,833,000,000Source | 797,000,000Source | 1,815,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | 0Source |
| Income Taxes Paid, NetUSD | 61,000,000Source | 1,000,000Source | 45,000,000Source | -7,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 51,000,000Source | 43,000,000Source | 61,000,000Source | 39,000,000Source |
| Capitalized Computer Software, AmortizationUSD | 28,000,000Source | 27,000,000Source | 20,000,000Source | 46,000,000Source |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecordedUSD | 5,000,000Source | 15,000,000Source | 0Source | — |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 523,000,000Source | — | 466,000,000Source | 456,000,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | -1,667,000,000Source | -2,417,000,000Source | 1,508,000,000Source | -4,685,000,000Source |
| Equity Securities, FV-NI, Gain (Loss)USD | 17,000,000Source | 23,000,000Source | -145,000,000Source | 7,000,000Source |
| Gain (Loss) on InvestmentsUSD | -50,000,000Source | -584,000,000Source | -643,000,000Source | 851,000,000Source |
| Income Tax Expense (Benefit)USD | -132,000,000Source | -1,230,000,000Source | 279,000,000Source | -474,000,000Source |
| Market Risk Benefit, Change in Fair Value, Gain (Loss)USD | 67,000,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -214,000,000Source | 156,000,000Source | 1,186,000,000Source | -1,396,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 0Source | 1,000,000Source | -3,000,000Source | 0Source |
| Proceeds from Contributions from ParentUSD | — | 0Source | — | — |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 5,129,000,000Source | 3,515,000,000Source | 8,126,000,000Source | 4,889,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -346,000,000Source | -1,073,000,000Source | 1,462,000,000Source | -1,870,000,000Source |
| Income Tax Expense (Benefit)USD | -132,000,000Source | -1,230,000,000Source | 279,000,000Source | -474,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 0Source | 1,000,000Source | -3,000,000Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -214,000,000Source | 156,000,000Source | 1,186,000,000Source | -1,396,000,000Source |
| Additional Financial Items | ||||
| Benefits, Losses and ExpensesUSD | 5,475,000,000Source | 4,588,000,000Source | 6,664,000,000Source | 6,759,000,000Source |
| Capitalized Computer Software, AmortizationUSD | 28,000,000Source | 27,000,000Source | 20,000,000Source | 46,000,000Source |
| Current Income Tax Expense (Benefit)USD | 36,000,000Source | 31,000,000Source | -32,000,000Source | -11,000,000Source |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecordedUSD | 5,000,000Source | 15,000,000Source | 0Source | — |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecreaseUSD | 7,000,000Source | 67,000,000Source | 253,000,000Source | — |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 523,000,000Source | — | 466,000,000Source | 456,000,000Source |
| Gain (Loss) on InvestmentsUSD | -50,000,000Source | -584,000,000Source | -643,000,000Source | 851,000,000Source |
| Interest ExpenseUSD | 2,000,000Source | 9,000,000Source | 6,000,000Source | 1,000,000Source |
| Labor and Related ExpenseUSD | 179,000,000Source | 170,000,000Source | 202,000,000Source | 328,000,000Source |
| Market Risk Benefit, Change in Fair Value, Gain (Loss)USD | 67,000,000Source | — | — | — |
| Net Investment IncomeUSD | 3,503,000,000Source | 3,601,000,000Source | — | 3,483,000,000Source |
| Other Cost and Expense, OperatingUSD | 927,000,000Source | 829,000,000Source | 1,041,000,000Source | 1,164,000,000Source |
| Other IncomeUSD | 553,000,000Source | 1,134,000,000Source | 131,000,000Source | 93,000,000Source |