Equitable Financial Life Insurance 10-Q 14 Aug 17 2017 Q2 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	6 Months Ended
	Jun. 30, 2017	Aug. 14, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017
Amendment Flag	false
Entity Registrant Name	AXA EQUITABLE LIFE INSURANCE CO
Entity Central Index Key	727,920
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

CONSOLIDATED BALANCE SHEET (UNA

CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
ASSETS
Fixed maturities available for sale, at fair value (amortized cost of $32,239 and $32,123)	$ 33,378	$ 32,570
Mortgage loans on real estate (net of valuation allowances of $8 and $8)	10,403	9,757
Policy loans	3,322	3,361
Other equity investments	1,417	1,408
Trading securities, at fair value	10,969	9,134
Other invested assets	2,622	2,186
Total investments	62,111	58,416
Cash and cash equivalents	3,480	2,950
Cash and securities segregated, at fair value	1,078	946
Broker-dealer related receivables	2,211	2,100
Deferred policy acquisition costs	4,141	4,256
Goodwill and other intangible assets, net	3,726	3,741
Amounts due from reinsurers	4,870	4,635
Loans to affiliates	703	703
Guaranteed minimum income benefit reinsurance contract asset, at fair value	11,290	10,309
Other assets	4,594	4,260
Separate Accounts’ assets	116,737	111,403
Total Assets	214,941	203,719
LIABILITIES
Policyholders’ account balances	41,531	38,842
Future policy benefits and other policyholders’ liabilities	26,799	25,435
Broker-dealer related payables	514	484
Securities sold under agreements to repurchase	1,797	1,996
Amounts due to reinsurers	109	125
Customers related payables	2,442	2,360
Short-term debt	512	513
Current and deferred income taxes	4,000	3,753
Other liabilities	2,531	2,108
Separate Accounts’ liabilities	116,737	111,403
Total liabilities	196,972	187,019
Commitments and contingent liabilities	0	0
Redeemable Noncontrolling Interest	361	403
Stockholders' Equity Attributable to Parent [Abstract]
Common stock, $1.25 par value; 2 million shares authorized, issued and outstanding	2	2
Capital in excess of par value	5,361	5,339
Retained earnings	8,779	7,864
Accumulated other comprehensive income (loss)	493	7
Total AXA Equitable’s equity	14,635	13,212
Noncontrolling interest	2,973	3,085
Total equity	17,608	16,297
Total Liabilities, Redeemable Noncontrolling Interest and Equity	$ 214,941	$ 203,719

CONSOLIDATED BALANCE SHEET (UN3

CONSOLIDATED BALANCE SHEET (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Fixed maturities available for sale, amortized cost	$ 32,239
Mortgage loans on real estate, valuation allowances	$ 8	$ 8
Common Stock par value (in dollars per share)	$ 1.25	$ 1.25
Common Stock authorized (in shares)	2,000,000	2,000,000
Common stock issued (in shares)	2,000,000	2,000,000
Common stock outstanding (in shares)	2,000,000	2,000,000
Fixed Maturities
Fixed maturities available for sale, amortized cost	$ 32,239	$ 32,123

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
REVENUES
Universal life and investment-type product policy fee income	$ 865	$ 841	$ 1,761	$ 1,656
Premiums	216	197	441	412
Net investment income (loss):
Investment income (loss) from derivative instruments	285	598	228	1,346
Other investment income (loss)	686	602	1,316	1,298
Total net investment income (loss)	971	1,200	1,544	2,644
Investment gains (losses), net:
Total other-than-temporary impairment losses	(13)	(8)	(13)	(25)
Portion of loss recognized in other comprehensive income (loss)	0	0	0	0
Net impairment losses recognized	(13)	(8)	(13)	(25)
Other investment gains (losses), net	23	34	12	64
Total investment gains (losses), net	10	26	(1)	39
Commissions, fees and other income	1,018	931	1,991	1,844
Increase (decrease) in the fair value of the reinsurance contract asset	1,495	1,104	981	2,733
Total revenues	4,575	4,299	6,717	9,328
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	1,467	1,284	2,300	2,402
Interest credited to policyholders’ account balances	393	325	941	570
Compensation and benefits	450	428	888	854
Commissions	286	273	572	541
Distribution related payments	103	93	199	180
Interest expense	6	3	11	7
Amortization of deferred policy acquisition cost, net	(82)	(74)	43	(74)
Other operating costs and expenses	155	373	539	751
Total benefits and other deductions	2,778	2,705	5,493	5,231
Earnings (loss) from continuing operations, before income taxes	1,797	1,594	1,224	4,097
Income tax (expense) benefit	(338)	(523)	(78)	(1,274)
Net earnings (loss)	1,459	1,071	1,146	2,823
Less: net (earnings) loss attributable to the noncontrolling interest	(113)	(91)	(231)	(208)
Net Earnings (Loss) Attributable to AXA Equitable	$ 1,346	$ 980	$ 915	$ 2,615

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 1,459	$ 1,071	$ 1,146	$ 2,823	$ 506	$ 1,490	$ 4,286
Other comprehensive income (loss) net of income taxes:
Foreign currency translation adjustment	(21)	(5)	14	4
Change in unrealized gains (losses), net of reclassification adjustment	314	625	458	1,405
Changes in defined benefit plan related items not yet recognized in periodic benefit cost, net of reclassification adjustment	1	0	1	0
Total other comprehensive income (loss), net of income taxes	294	620	473	1,409
Comprehensive income (loss)	1,753	1,691	1,619	4,232	268	580	5,211
Less: Comprehensive (income) loss attributable to noncontrolling interest	(93)	(88)	(218)	(208)	(479)	(388)	(358)
Comprehensive Income (Loss) Attributable to AXA Equitable	$ 1,660	$ 1,603	$ 1,401	$ 4,024	$ (211)	$ 192	$ 4,853

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) - USD ($) $ in Millions	Total	Parent	Common Stock	Additional Paid-in Capital	Retained Earnings	AOCI Attributable to Parent	Noncontrolling Interest
Beginning of year at Dec. 31, 2013				$ 5,908	$ 5,211		$ 2,924
Net earnings (loss)	$ 4,286				3,899
Net earnings (loss) attributable to noncontrolling interest							387
Dividends and distributions					381
End of year at Dec. 31, 2014	18,001	$ 15,039		5,957	8,729		2,962
Net earnings (loss)	1,490				1,087
Net earnings (loss) attributable to noncontrolling interest							403
Dividends and distributions					(912)
End of year at Dec. 31, 2015	17,514	14,455		5,321	8,904	$ 228	3,059
Net earnings (loss)	2,823				2,615
Net earnings (loss) attributable to noncontrolling interest							204
Dividends paid to noncontrolling interest							(198)
Other comprehensive income (loss)	1,409					1,409	0
Repurchase of AB Holding units							(60)
Dividends and distributions					(500)
Other changes in noncontrolling interest				(3)			(5)
End of year at Jun. 30, 2016	20,976	17,976		5,318	11,019	1,637	3,000
Beginning of year at Dec. 31, 2015	17,514	14,455		5,321	8,904	228	3,059
Net earnings (loss)	506				10
Net earnings (loss) attributable to noncontrolling interest							491
Dividends and distributions					1,050
End of year at Dec. 31, 2016	16,297	13,212		5,339	7,864	7	3,085
Common stock, at par value, beginning of year and end of period	2
Net earnings (loss)	1,146				915
Net earnings (loss) attributable to noncontrolling interest							231
Dividends paid to noncontrolling interest							(243)
Other comprehensive income (loss)	473					486	(13)
Repurchase of AB Holding units							(91)
Other changes in noncontrolling interest				22			4
End of year at Jun. 30, 2017	17,608	$ 14,635		$ 5,361	$ 8,779	$ 493	$ 2,973
Common stock, at par value, beginning of year and end of period	$ 2		$ 2

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Net earnings (loss)	$ 1,146	$ 2,823
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:
Interest credited to policyholders’ account balances	941	570
Universal life and investment-type product policy fee income	(1,761)	(1,656)
(Increase) decrease in the fair value of the reinsurance contract asset	981	2,733
(Income) loss related to derivative instruments	(228)	(1,346)
Investment (gains) losses, net	1	(39)
Realized and unrealized (gains) losses on trading securities	(133)	(109)
Non-cash long term incentive compensation expense	21	4
Amortization of deferred sales commissions	17	22
Other depreciation and amortization	(76)	(28)
Amortization of deferred cost of reinsurance asset	(171)	64
Amortization of other intangible assets	15	14
Net broker-dealer and customer related receivables/payables	9	(36)
Reinsurance recoverable	(251)	(270)
Segregated cash and securities, net	(132)	(101)
Deferred policy acquisition costs	43	(74)
Future policy benefits	1,388	1,303
Current and deferred income taxes	(16)	1,010
Other, net	93	197
Net cash provided by (used in) operating activities	(75)	(385)
Cash flows from investing activities:
Fixed maturities, available for sale	1,841	3,273
Mortgage loans on real estate	399	300
Trading account securities	5,241	2,971
Fixed maturities, available for sale	(1,840)	(5,299)
Mortgage loans on real estate	(1,041)	(1,584)
Trading account securities	(6,936)	(3,977)
Cash settlements related to derivative instruments	(907)	659
Decrease in loans to affiliates	0	383
Change in short-term investments	(508)	61
Investment in capitalized software, leasehold improvements and EDP equipment	(43)	(41)
Other, net	206	(32)
Net cash provided by (used in) investing activities	(3,588)	(3,286)
Cash flows from financing activities:
Deposits	4,109	4,953
Withdrawals	(1,557)	(1,367)
Policyholders' accounts balance transfer (to) from Separate Accounts	767	348
Change in short-term financings	(1)	4
Change in collateralized pledged assets	1,248	34
Change in collateralized pledged liabilities	192	869
(Decrease) increase in overdrafts payable	69	48
Payments of Dividends	0	500
Repurchase of AB Holding units	(128)	(84)
Distribution to noncontrolling interests in consolidated entities	(243)	(198)
Increase (decrease) in Securities sold under agreement to repurchase	(199)	596
(Increase) decrease in securities purchased under agreement to resell	0	(594)
Other, net	0	1
Net cash provided by (used in) financing activities	4,182	4,064
Effect of exchange rate changes on cash and cash equivalents	11	6
Change in cash and cash equivalents	530	399
Cash and cash equivalents, beginning of year	2,950	3,063
Cash and Cash Equivalents, End of Period	3,480	3,462
Variable Interest Entity, Primary Beneficiary
Cash flows from financing activities:
Distribution to noncontrolling interests in consolidated entities	$ (75)	$ (46)

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	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 statement 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. These statements should be read in conjunction with the audited Consolidated Financial Statements of AXA Equitable for the year ended December 31, 2016 . The results of operations for the three and six months ended June 30, 2017 are not necessarily indicative of the results to be expected for the full year. The accompanying consolidated financial statements include the accounts of AXA Equitable and its subsidiaries engaged in insurance related businesses (collectively, the “Insurance segment”); other subsidiaries, principally AB, engaged in investment management related businesses (the “Investment Management segment”), partnerships and joint ventures in which AXA Equitable or its subsidiaries have control and a majority economic interest as well as those variable interest entities (“VIEs”) that meet the requirements for consolidation (collectively the “Company”). At June 30, 2017 and December 31, 2016 , AXA Equitable’s economic interest in AB was 29.3 % and 29.0% . At June 30, 2017 and December 31, 2016 , respectively, AXA and its subsidiaries’ economic interest in AB was 64.6 % and 63.7% . On May 10, 2017, AXA announced its intention to pursue the sale of a minority stake in our indirect parent, AXA America Holdings, Inc., through a proposed initial public offering ("IPO") in the first half of 2018. The completion of the proposed IPO will depend on, among other things, the U.S. Securities and Exchange Commission filing and review process and customary regulatory approvals, as well as market conditions. There can be no assurance that the proposed IPO will occur on the anticipated timeline or at all. The terms “ second quarter 2017 ” and “ second quarter 2016 ” refer to the three months ended June 30, 2017 and 2016 , respectively. The terms “ first six months of 2017 ” and “ first six months of 2016 ” refer to the six months ended June 30, 2017 and 2016 , respectively. Certain reclassifications have been made in the amounts presented for prior periods to conform those periods to the current presentation.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Significant Accounting Policies	SIGNIFICANT ACCOUNTING POLICIES AND OTHER CHANGES Accounting for Variable Annuities with GMDB and GMIB Features Future claims exposure on products with guaranteed minimum death benefit (“GMDB”) and guaranteed minimum income benefit (“GMIB”) features are sensitive to movements in the equity markets and interest rates. The Company has in place various hedging programs utilizing derivatives that are designed to mitigate the impact of movements in equity markets and interest rates. The accounting for these various hedging programs does not qualify for hedge accounting treatment. As a result, changes in the value of the derivatives will be recognized in the period in which they occur while offsetting changes in reserves and deferred policy acquisition costs (“DAC”) will be recognized over time in accordance with policies described in the Company’s Notes to Consolidated Financial Statements for the year ended December 31, 2016 , under “Policyholders’ Account Balances and Future Policy Benefits” and “DAC”. These differences in recognition contribute to earnings volatility. 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. The GMIB reinsurance contracts are accounted for as derivatives and are reported at fair value. Gross reserves for GMIB are calculated 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. 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 and DAC for GMIB are recognized over time in accordance with policies described in the Company’s Notes to Consolidated Financial Statements for the year ended December 31, 2016 under “Policyholders’ Account Balances and Future Policy Benefits” and “DAC”. These differences in recognition contribute to earnings volatility. Adoption of New Accounting Pronouncements In October 2016, the Financial Accounting Standards Board (“FASB”) issued updated guidance on consolidation of interests held through related parties that are under common control, which alters how a decision maker needs to consider indirect interests in a VIE held through an entity under common control. The new guidance amends the recently adopted consolidation guidance analysis. Under the new guidance, if a decision maker is required to evaluate whether it is the primary beneficiary of a VIE, it will need to consider only its proportionate indirect interest in the VIE held through a common control party. The Company adopted the revised guidance effective January 1, 2017. Adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued new guidance simplifying the transition to the equity method of accounting. The amendment eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investments had been held. The Company adopted the revised guidance effective January 1, 2017. Adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued new guidance on improvements to employee share-based payment accounting. The amendment includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements including: income tax effects of share-based payments, minimum statutory tax withholding requirements and forfeitures. The Company adopted the revised guidance effective January 1, 2017. Adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. Future Adoption of New Accounting Pronouncements In May 2017, the FASB issued guidance on stock compensation. The new guidance provides clarity and reduces both diversity in practice and cost and complexity when applying the guidance to a change to the terms or conditions of a share based payment award. The new guidance is effective for interim and annual periods beginning after December 15, 2017 with early adoption permitted. The new guidance will be applied prospectively to an award modified on or after the adoption of this guidance. Management is currently evaluating the impact that adoption of this guidance will have on the Company’s consolidated financial statements. In March 2017, the FASB issued guidance that requires certain premiums on callable debt securities to be amortized to the earliest call date. The new guidance will better align interest income recognition with the manner in which market participants price these instruments. The new guidance is effective for interim and annual periods beginning after December 15, 2018 with early adoption permitted and is to be applied on a modified retrospective basis. Management is currently evaluating the impact that adoption of this guidance will have on the Company’s consolidated financial statements. In March 2017, the FASB issued new guidance on the presentation of net periodic pension and post-retirement benefit costs that required bifurcation of net benefit cost. The service cost component will be presented with other employee compensation costs in operating income (or capitalized in assets). The other components will be reported separately outside of operations and will not be eligible for capitalization. The new guidance is effective for interim and annual periods beginning after December 15, 2017 with early adoption permitted and is to be applied retrospectively for changes in the income statement presentation of net benefit cost and prospectively for changes in capitalization eligibility. Management is currently evaluating the impact that adoption of this guidance will have on the Company’s consolidated financial statements. In February 2016, the FASB issued revised guidance to lease accounting. The revised guidance will require lessees to recognize a right-of-use asset and a lease liability for virtually all of their leases. Lessor accounting will continue to be similar to the current model, but updated to align with certain changes to the lessee model. Extensive quantitative and qualitative disclosures, including significant judgments made by management, will be required to provide greater insight into the extent of revenue and expense recognized and expected to be recognized from existing contracts. The revised guidance is effective for interim and annual periods, beginning after December 15, 2018, with early adoption permitted. Management is currently evaluating the impact that adoption of this guidance will have on the Company’s consolidated financial statements. In May 2014, the FASB issued new revenue recognition guidance that is intended to improve and converge the financial reporting requirements for revenue from contracts with customers with International Financial Reporting Standards (“IFRS”). The new guidance applies to contracts that deliver goods or services to a customer, except when those contracts are for: insurance, leases, rights and obligations that are in the scope of certain financial instruments (i.e., derivative contracts) and guarantees other than product or service warranties. The new guidance is effective for interim and annual periods, beginning after December 15, 2017, with early adoption permitted for interim and annual periods beginning after December 15, 2016. The Company has not yet completed this analysis, but based on the analysis completed to date, management does not expect the standard to have a material impact on our financial condition or results of operations. Consolidation of VIEs A VIE must be consolidated by its primary beneficiary, which generally is defined as the party who has a controlling financial interest in the VIE. The Company is deemed to have a controlling financial interest in a VIE if it has (i) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance, and (ii) the obligation to absorb losses of the VIE or the right to receive income from the VIE that potentially could be significant to the VIE. For purposes of evaluating (ii) above, fees paid to the Company as a decision maker or service provider are excluded if the fees are compensation for services provided commensurate with the level of effort required to be performed and the arrangement includes only customary terms, conditions or amounts present in arrangements for similar services negotiated at arm’s length. If the Company has a variable interest in an entity that is determined not to be a VIE, the entity then is evaluated for consolidation under the voting interest entity (“VOE”) model. For limited partnerships and similar entities, the Company is deemed to have a controlling financial interest in a VOE, and would be required to consolidate the entity, if the Company owns a majority of the entity’s kick-out rights through voting limited partnership interests and other limited partners do not hold substantive participating rights (or other rights that would indicate that the Company does not control the entity). For entities other than limited partnerships, the Company is deemed to have a controlling financial interest in a VOE if it owns a majority voting interest in the entity. The analysis performed to identify variable interests held, determine whether entities are VIEs or VOEs, and evaluate whether the Company has a controlling financial interest in such entities requires the exercise of judgment and is updated on a continuous basis as circumstances change or new entities are developed. The primary beneficiary evaluation generally is performed qualitatively based on all facts and circumstances, including consideration of economic interests in the VIE held directly and indirectly through related parties and entities under common control, as well as quantitatively, as appropriate. At June 30, 2017 , the Insurance segment’s General Account held approximately $1,201 million of investment assets in the form of equity interests issued by non-corporate legal entities determined under the new guidance to be VIEs, such as limited partnerships and limited liability companies, including hedge funds, private equity funds, and real estate-related funds. As an equity investor, the Insurance segment is considered to have a “variable interest” in each of these VIEs as a result of its participation in the risks and/or rewards these funds were designed to create by their defined portfolio objectives and strategies. Primarily through qualitative assessment, including consideration of related party interests and/or other financial arrangements, if any, the Insurance segment was not identified as primary beneficiary of any of these VIEs, largely due to its inability to direct the activities that most significantly impact their economic performance. Consequently, the Company continues to reflect these equity interests in the consolidated balance sheet as “Other equity investments” and to apply the equity method of accounting for these positions. The net assets of these non-consolidated VIEs are approximately $162,386 million , and the Company’s maximum exposure to loss from its direct involvement with these VIEs is the carrying value of its investment of $1,201 million at June 30, 2017 . Except for approximately $801 million of unfunded commitments at June 30, 2017 , the Company has no further economic interest in these VIEs in the form of guarantees, derivatives, credit enhancements or similar instruments and obligations. AB regularly provides seed capital to new company-sponsored investment funds. As such, it may consolidate or de-consolidate a variety of company-sponsored investment funds each quarter. Due to the similarity of risks related to its involvement with each company-sponsored investment fund, disclosures required under the VIE model are aggregated, such as those disclosures regarding the carrying amount and classification of assets. AB is not required to provide financial support to company-sponsored investment funds and only the assets of such funds are available to settle its own liabilities. AB’s exposure to loss with respect to consolidated company-sponsored investment funds is limited to its investment in, and its management fee earned from, such funds. Equity and debt holders of such funds have no recourse to AB’s assets or to the general credit of AB. The balances of consolidated VIEs and VOEs included in the Company’s balance sheet at June 30, 2017 were assets of $1,031 million , liabilities of $426 million , Redeemable noncontrolling interest of $335 million , Equity attributable to the Company of $68 million and $36 million attributable to non-redeemable noncontrolling interest. The balances of consolidated VIEs and VOEs included in the Company’s balance sheet at December 31, 2016 were assets of $956 million , liabilities of $293 million , Redeemable noncontrolling interest of $384 million , Equity attributable to the Company of $71 million and $35 million attributable to non-redeemable noncontrolling interest. As of June 30, 2017 , the net assets of company-sponsored investment products that are non-consolidated VIEs are approximately $49,400 million , and AB’s maximum risk of loss is its investment of $20 million in these VIEs and advisory fee receivables from these VIEs, which are not material. Revision of Prior Period Financial Statements During the first six months of 2017 management identified errors in its previous financial statements. These errors primarily related to errors in the calculation of policyholders’ benefit reserves for one of the Company’s variable annuity products with indexed-linked features and the calculation of DAC amortization for certain VISL products. Management evaluated the impact of these errors both individually and in the aggregate and concluded they were not material to any previously reported annual financial statements. However, as the errors would likely be material to the 2017 annual results, management has revised the consolidated balance sheet as of and for the year ended December 31, 2016 and 2015 and the related consolidated statements of earnings (loss), comprehensive income (loss), shareholders’ equity and of cash flows for the years ended December 31, 2016, 2015 and 2014 and for the second quarter and first six months of June 30, 2016 , included herein, to include the revisions discussed above and all previously recorded out of period adjustments in each of the applicable periods for comparability purposes. The impacts of these revisions to each of the previously reported consolidated statements are disclosed below. The following table presents the effects of the revision to the Company’s previously reported consolidated statements of earnings (loss) and comprehensive income (loss) for the second quarter and first six months ended June 30, 2016 and the statements of equity and statements of cash flows for the first six months ended June 30, 2016 : Three Months Ended Six Months Ended As previously reported Adjustments As Revised As previously reported Adjustments As Revised (In Millions) Statements of Earnings (Loss): Revenues: Universal life and investment-type product policy fee income $ 915 $ (74 ) $ 841 $ 1,816 $ (160 ) $ 1,656 Premiums 121 76 197 247 165 412 Increase (decrease in the fair value of the GMIB reinsurance contract asset 1,104 — 1,104 2,741 (8 ) 2,733 Total Revenues 4,297 2 4,299 9,331 (3 ) 9,328 Benefits and other deductions: Policyholders' benefits 1,276 8 1,284 2,426 (24 ) 2,402 Interest credited to Policyholder's Account Balances 349 (24 ) 325 626 (56 ) 570 Amortization of deferred policy acquisition costs, net (74 ) — (74 ) (84 ) 10 (74 ) Total benefits and other deductions 2,721 (16 ) 2,705 5,301 (70 ) 5,231 Earnings (loss) from operations, before income taxes 1,576 18 1,594 4,030 67 4,097 Income tax (expense) benefit (515 ) (8 ) (523 ) (1,249 ) (25 ) (1,274 ) Net earnings (loss) 1,061 10 1,071 2,781 42 2,823 Less: net (earnings) loss attributable to the noncontrolling interest (92 ) 1 (91 ) (209 ) 1 (208 ) Net Earnings (Loss) Attributable to AXA Equitable $ 969 $ 11 $ 980 $ 2,572 $ 43 $ 2,615 Statements of Comprehensive Income (Loss): Net earnings (loss) $ 1,061 $ 10 $ 1,071 $ 2,781 $ 42 $ 2,823 Comprehensive income (loss) 1,681 10 1,691 4,190 42 4,232 Less: Comprehensive (income) loss attributable to noncontrolling interest $ (89 ) $ 1 $ (88 ) $ (209 ) $ 1 $ (208 ) Comprehensive Income (Loss) Attributable to AXA Equitable $ 1,592 $ 11 $ 1,603 $ 3,981 $ 43 $ 4,024 Six Months Ended As previously reported Adjustments As Revised (In Millions) Statements of Equity: Retained earnings, beginning of year $ 8,958 $ (54 ) $ 8,904 Net earnings (loss) 2,572 43 2,615 Retained earnings, end of period 11,030 (11 ) 11,019 Total AXA Equitable’s equity, end of period 17,987 (11 ) 17,976 Noncontrolling interest, beginning of year 3,086 (27 ) 3,059 Net earnings (loss) attributable to noncontrolling interest 203 1 204 Noncontrolling interest, end of period 3,026 (26 ) 3,000 Total Equity, End of Period $ 21,013 $ (37 ) $ 20,976 Six Months Ended As previously reported Adjustments As Revised (In Millions) Statements of Cash flows: Cash flow from operating activities: Net earnings (loss) $ 2,781 $ 42 $ 2,823 Universal life and investment-type product policy fee income (1,816 ) 160 (1,656 ) Interest credited to policyholders’ account balances 626 (56 ) 570 (Increase) decrease in the fair value of the reinsurance contract asset (2,741 ) 8 (2,733 ) Changes in: — Future policy benefits 1,314 (11 ) 1,303 Reinsurance recoverable (92 ) (178 ) (270 ) Deferred Policy Acquisition costs (84 ) 10 (74 ) Current and deferred income taxes 985 25 1,010 Accounts payable and accrued expenses — — — Other 245 (48 ) 197 Net cash provided by (used in) operating activities $ (337 ) $ (48 ) $ (385 ) Cash flows from financing activities: (Decrease) increase in overdrafts payable — 48 48 Net cash provided by (used in) financing activities $ 4,016 $ 48 $ 4,064 The following table presents the effects of the revision to the Company's previously reported consolidated balance sheets as of December 31, 2016 and 2015: As previously reported Adjustments As Revised December 31, December 31, December 31, 2016 2015 2016 2015 2016 2015 (In Millions) Assets: DAC $ 4,301 $ 4,469 $ (45 ) $ 15 $ 4,256 $ 4,484 Amounts due from reinsurers 4,635 4,466 — 21 4,635 4,487 Guaranteed minimum income benefit 10,309 10,570 — 8 10,309 10,578 Other assets 4,260 4,634 — 13 4,260 4,647 Total Assets $ 203,764 $ 194,626 $ (45 ) $ 57 $ 203,719 $ 194,683 Liabilities: Policyholders' account balance $ 38,782 $ 33,033 $ 60 $ (120 ) $ 38,842 $ 32,913 Future policyholders' benefits and other policyholders' liabilities 25,358 24,531 77 296 25,435 24,827 Current and deferred taxes 3,816 4,647 (63 ) 14 3,753 4,661 Other liabilities 2,108 2,586 — (52 ) 2,108 2,534 Total Liabilities 186,945 177,018 74 138 187,019 177,156 Equity: Retained Earnings 7,983 8,958 (119 ) (54 ) 7,864 8,904 AXA Equitable Equity 13,331 14,509 (119 ) (54 ) 13,212 14,455 Noncontrolling interest 3,085 3,086 — (27 ) 3,085 3,059 Equity 16,416 17,595 (119 ) (81 ) 16,297 17,514 Total Liabilities and Equity $ 203,764 $ 194,626 $ (45 ) $ 57 $ 203,719 $ 194,683 The following table presents the effects of the revision to the Company’s previously reported consolidated statements of earnings (loss), statements comprehensive income (loss), statements of equity and cash flows for the years ended December 31, 2016, 2015 and 2014: As previously reported Adjustments As Revised Year Ended December 31, Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 2016 2015 2014 (In Millions) Statements of Earnings (Loss): Revenues: Universal life and investment-type product policy fee income $ 3,423 $ 3,208 $ 3,115 $ 12 $ 132 $ 66 $ 3,435 $ 3,340 $ 3,181 Premiums 880 854 874 (26 ) (26 ) (27 ) 854 828 847 Increase (decrease in the fair value of the GMIB reinsurance contract asset (261 ) (141 ) 3,964 (8 ) — (2 ) (269 ) (141 ) 3,962 Total Revenues 9,705 9,819 15,640 (22 ) 106 37 9,683 9,925 15,677 Benefits and other deductions: Policyholders' benefits 2,893 2,799 3,708 (65 ) 41 339 2,828 2,840 4,047 Interest credited to Policyholder's Account Balances 1,555 978 1,186 100 (72 ) (109 ) 1,655 906 1,077 Amortization of deferred policy acquisition costs 162 (331 ) (413 ) 60 18 39 222 (313 ) (374 ) Other operating costs and expenses 1,458 1,415 1,692 — 82 (24 ) 1,458 1,497 1,668 Total benefits and other deductions 9,274 8,169 9,525 95 69 245 9,369 8,238 9,770 Earnings (loss) from operations, before income taxes 431 1,650 6,115 (117 ) 37 (208 ) 314 1,687 5,907 Income tax (expense) benefit 113 (186 ) (1,695 ) 79 (11 ) 74 192 (197 ) (1,621 ) Net earnings (loss) 544 1,464 4,420 (38 ) 26 (134 ) 506 1,490 4,286 Less: net (earnings) loss attributable to the noncontrolling interest (469 ) (403 ) (387 ) (27 ) — — (496 ) (403 ) (387 ) Net Earnings (Loss) Attributable to AXA Equitable $ 75 $ 1,061 $ 4,033 $ (65 ) $ 26 $ (134 ) $ 10 $ 1,087 $ 3,899 Statements of Comprehensive Income (Loss): Net earnings (loss) $ 544 $ 1,464 $ 4,420 $ (38 ) $ 26 $ (134 ) $ 506 $ 1,490 $ 4,286 Comprehensive income (loss) 306 554 5,345 (38 ) 26 (134 ) 268 580 5,211 Less: Comprehensive (income) loss attributable to noncontrolling interest (452 ) (388 ) (358 ) (27 ) — — (479 ) (388 ) (358 ) Comprehensive Income (Loss) Attributable to AXA Equitable $ (146 ) $ 166 $ 4,987 $ (65 ) $ 26 $ (134 ) $ (211 ) $ 192 $ 4,853 As previously reported Adjustments As Revised Year Ended December 31, Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 2016 2015 2014 (In Millions) Statements of Equity: Capital in excess of par value, beginning of year $ 5,321 $ 5,957 $ 5,934 $ — $ — $ (26 ) $ 5,321 $ 5,957 $ 5,908 Deferred tax on dividend of AB Units — (35 ) (26 ) — — 26 — (35 ) — Capital in excess of par value, end of year 5,339 5,321 5,957 — — — 5,339 5,321 5,957 Retained earnings, beginning of year $ 8,958 $ 8,809 $ 5,205 $ (54 ) $ (80 ) $ 6 $ 8,904 $ 8,729 $ 5,211 Stockholder dividends (1,050 ) 912 (429 ) — — 48 $ (1,050 ) $ 912 $ (381 ) Net earnings (loss) 75 1,061 4,033 (65 ) 26 (134 ) 10 1,087 3,899 Retained earnings, end of period 7,983 8,958 8,809 (119 ) (54 ) (80 ) 7,864 8,904 8,729 Total AXA Equitable’s equity, end of period 13,331 14,509 15,119 (119 ) (54 ) (80 ) 13,212 14,455 15,039 Noncontrolling interest, beginning of year 3,086 2,989 2,903 (27 ) (27 ) 21 3,059 2,962 2,924 Net earnings (loss) attributable to noncontrolling interest 464 403 387 27 — — 491 403 387 Dividend of AB Units by AXA Equitable to AXA Financial — 145 48 — — (48 ) — 145 — Noncontrolling interest, end of year 3,085 3,086 2,989 — (27 ) (27 ) 3,085 3,059 2,962 Total Equity, End of Period $ 16,416 $ 17,595 $ 18,108 $ (119 ) $ (81 ) $ (107 ) $ 16,297 $ 17,514 $ 18,001 Statements of Cash flows: Cash flow from operating activities: Net earnings (loss) $ 544 $ 1,464 $ 4,420 $ (38 ) $ 26 $ (134 ) $ 506 $ 1,490 $ 4,286 Universal life and investment-type product policy fee income (3,423 ) (3,208 ) (3,115 ) (12 ) (132 ) (66 ) (3,435 ) (3,340 ) (3,181 ) Interest credited to policyholders’ account balances 1,555 978 1,186 100 (72 ) (109 ) 1,655 906 1,077 (Increase) decrease in the fair value of the reinsurance contract asset 261 141 (3,964 ) 8 — 2 269 141 (3,962 ) Amortization of deferred cost of reinsurance asset 159 39 302 — 82 (24 ) 159 121 278 Changes in: Future policy benefits 783 934 1,647 (65 ) 41 339 718 1,001 2,013 Deferred Policy Acquisition costs 162 (331 ) (413 ) 60 18 39 222 (313 ) (374 ) Current and deferred income taxes (771 ) 258 1,448 (79 ) 11 (74 ) (850 ) 269 1,374 Other 31 111 (98 ) — 82 39 31 193 (59 ) Net cash provided by (used in) operating activities $ (461 ) $ (244 ) $ (639 ) $ (26 ) $ 82 $ 39 $ (487 ) $ (162 ) $ (600 ) Cash flows from financing activities: Policyholders' accounts balance deposits $ 9,342 $ 5,757 $ 6,011 $ 404 $ 484 $ 494 $ 9,746 $ 6,241 $ 6,505 Policyholders' accounts balance transfer (to) from Separate Accounts 1,606 1,045 815 (404 ) (484 ) (494 ) 1,202 561 321 (Decrease) increase in overdrafts payable (85 ) — — — (82 ) (39 ) (85 ) (82 ) (39 ) As previously reported Adjustments As Revised Year Ended December 31, Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 2016 2015 2014 (In Millions) Net cash provided by (used in) financing activities $ 5,751 $ 3,034 $ 3,843 $ — $ (82 ) $ (39 ) $ 5,751 $ 2,952 $ 3,804 Assumption Updates: 2017 Assumption Changes. During second quarter 2017, the Company updated its expectations of long-term lapse and partial withdrawal behavior for variable annuities with GMDB, GMIB and GMWB guarantees based on emerging experience. These updates increased policyholders ’ benefits by $602 million, increased the fair value of the GMIB reinsurance contract asset by $1,532 million, decreased the amortization of the deferred cost of reinsurance asset by $226 million and decreased the amortization of DAC by $32 million. In the second quarter and first six months of 2017, the after tax impacts of these assumption updates increased Net earnings by approximately $772 million. 2016 Assumption Changes. During the second quarter of 2016, the Company updated its mortality assumption on certain VISL products as a result of favorable mortality experience, which decreased the amortization of DAC and the initial fee liability by $70 million and $16 million, respectively. Additionally, in the second quarter 2016 the Company updated the General Account spread assumption on certain VISL products to reflect lower expected investment yields which increased the amortization of DAC and the initial fee liability by $79 million and $4 million, respectively. In the second quarter and first six months of 2016, the after tax impacts of these assumption updates decreased Net earnings by approximately $14 million.

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Investments	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 Gross Unrealized Gross Unrealized Fair OTTI (3) (In Millions) June 30, 2017: Fixed Maturity Securities: Public corporate $ 12,530 $ 745 $ 45 $ 13,230 $ — Private corporate 7,075 256 44 7,287 — U.S. Treasury, government and agency 10,756 479 386 10,849 — States and political subdivisions 419 66 1 484 — Foreign governments 343 30 6 367 — Commercial mortgage-backed 329 10 36 303 4 Residential mortgage-backed (1) 264 17 — 281 — Asset-backed (2) 38 3 1 40 3 Redeemable preferred stock 485 53 1 537 — Total Fixed Maturities 32,239 1,659 520 33,378 7 Equity securities 132 — — 132 — Total at June 30, 2017 $ 32,371 $ 1,659 $ 520 $ 33,510 $ 7 December 31, 2016: Fixed Maturity Securities: Public corporate $ 12,418 $ 675 $ 81 $ 13,012 $ — Private corporate 6,880 215 55 7,040 — U.S. Treasury, government and agency 10,739 221 624 10,336 — States and political subdivisions 432 63 2 493 — Foreign governments 375 29 14 390 — Commercial mortgage-backed 415 28 72 371 7 Residential mortgage-backed (1) 294 20 — 314 — Asset-backed (2) 51 10 1 60 3 Redeemable preferred stock 519 45 10 554 — Total Fixed Maturities 32,123 1,306 859 32,570 10 Equity securities 113 — — 113 — Total at December 31, 2016 $ 32,236 $ 1,306 $ 859 $ 32,683 $ 10 (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. The contractual maturities of AFS fixed maturities at June 30, 2017 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, 2017 Amortized Cost Fair Value (In Millions) Due in one year or less $ 1,778 $ 1,801 Due in years two through five 7,379 7,733 Due in years six through ten 9,315 9,557 Due after ten years 12,651 13,126 Subtotal 31,123 32,217 Commercial mortgage-backed securities 329 303 Residential mortgage-backed securities 264 281 Asset-backed securities 38 40 Redeemable preferred stock 485 537 Total $ 32,239 $ 33,378 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 2017 and 2016 : Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) Proceeds from sales $ 121 $ 1,397 $ 535 $ 1,786 Gross gains on sales $ 10 $ 66 $ 29 $ 85 Gross losses on sales $ (7 ) $ (25 ) $ (27 ) $ (46 ) Total OTTI $ (13 ) $ (8 ) $ (13 ) $ (25 ) Non-credit losses recognized in OCI — — — — Credit losses recognized in earnings (loss) $ (13 ) $ (8 ) $ (13 ) $ (25 ) 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, 2017 2016 2017 2016 (In Millions) Balances, beginning of period $ (147 ) $ (181 ) $ (190 ) $ (198 ) Previously recognized impairments on securities that matured, paid, prepaid or sold 45 23 88 57 Recognized impairments on securities impaired to fair value this period (1) — — — (17 ) Impairments recognized this period on securities not previously impaired (13 ) (8 ) (13 ) (8 ) Additional impairments this period on securities previously impaired — — — — 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, $ (115 ) $ (166 ) $ (115 ) $ (166 ) (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, 2016 (In Millions) AFS Securities: Fixed maturities: With OTTI loss $ (6 ) $ 19 All other 1,145 428 Equity securities — — Net Unrealized Gains (Losses) $ 1,139 $ 447 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 roll-forward 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 amounts: Net Unrealized Gains (Losses) on Fixed Maturities with OTTI Losses Net DAC Policyholders’ Deferred AOCI Gain (In Millions) Balance, April 1, 2017 $ 20 $ — $ (5 ) $ (5 ) $ 10 Net investment gains (losses) arising during the period (44 ) — — — (44 ) Reclassification adjustment: Included in Net earnings (loss) 18 — — — 18 Excluded from Net earnings (loss) — — — — — Impact of net unrealized investment gains (losses) on: DAC — 2 — — 2 Deferred income taxes — — — 6 6 Policyholders’ liabilities — — 6 — 6 Balance, June 30, 2017 $ (6 ) $ 2 $ 1 $ 1 $ (2 ) Balance, April 1, 2016 $ 9 $ — $ — $ (4 ) $ 5 Net investment gains (losses) arising during the period (17 ) — — — (17 ) Reclassification adjustment: Included in Net earnings (loss) 23 — — — 23 Excluded from Net earnings (loss) — — — — — Impact of net unrealized investment gains (losses) on: DAC — — — — — Deferred income taxes — — — (2 ) (2 ) Policyholders’ liabilities — — — — — Balance, June 30, 2016 $ 15 $ — $ — $ (6 ) $ 9 Net DAC Policyholders’ Deferred AOCI Gain (In Millions) Balance, January 1, 2017 $ 19 $ (1 ) $ (10 ) $ (3 ) $ 5 Net investment gains (losses) arising during the period 5 — — — 5 Reclassification adjustment for OTTI losses: Included in Net earnings (loss) (30 ) — — — (30 ) Excluded from Net earnings (loss) — — — — — Impact of net unrealized investment gains (losses) on: DAC — 3 — — 3 Deferred income taxes — — — 4 4 Policyholders’ liabilities — — 11 — 11 Balance, June 30, 2017 $ (6 ) $ 2 $ 1 $ 1 $ (2 ) Balance, January 1, 2016 $ 16 $ — $ (4 ) $ (5 ) $ 7 Net investment gains (losses) arising during the period (7 ) — — — (7 ) Reclassification adjustment for OTTI losses: Included in Net earnings (loss) 6 — — — 6 Excluded from Net earnings (loss) — — — — — Impact of net unrealized investment gains (losses) on: DAC — — — — — Deferred income taxes — — — (1 ) (1 ) Policyholders’ liabilities — — 4 — 4 Balance, June 30, 2016 $ 15 $ — $ — $ (6 ) $ 9 All Other Net Unrealized Investment Gains (Losses) in AOCI Net DAC Policyholders’ Deferred AOCI Gain (In Millions) Balance, April 1, 2017 $ 606 $ (108 ) $ (135 ) $ (127 ) $ 236 Net investment gains (losses) arising during the period 524 — — — 524 Reclassification adjustment: Included in Net earnings (loss) 15 — — — 15 Excluded from Net earnings (loss) (1) — — — — — Impact of net unrealized investment gains (losses) on: DAC — (33 ) — — (33 ) Deferred income taxes — — — (162 ) (162 ) Policyholders’ liabilities — — (41 ) — (41 ) Balance, June 30, 2017 $ 1,145 $ (141 ) $ (176 ) $ (289 ) $ 539 Balance, April 1, 2016 $ 1,975 $ (57 ) $ (306 ) $ (565 ) $ 1,047 Net investment gains (losses) arising during the period 1,172 — — — 1,172 Reclassification adjustment: Included in Net earnings (loss) (45 ) — — — (45 ) Excluded from Net earnings (loss) (1) (23 ) — — — (23 ) Impact of net unrealized investment gains (losses) on: DAC — (82 ) — — (82 ) Deferred income taxes — — — (321 ) (321 ) Policyholders’ liabilities — — (105 ) — (105 ) Balance, June 30, 2016 $ 3,079 $ (139 ) $ (411 ) $ (886 ) $ 1,643 Net DAC Policyholders’ Deferred AOCI Gain (In Millions) Balance, January 1, 2017 $ 428 $ (87 ) $ (189 ) $ (53 ) $ 99 Net investment gains (losses) arising during the period 690 — — — 690 Reclassification adjustment for OTTI losses: Included in Net earnings (loss) 27 — — — 27 Excluded from Net earnings (loss) (1) — — — — — Impact of net unrealized investment gains (losses) on: DAC — (54 ) — — (54 ) Deferred income taxes — — — (236 ) (236 ) Policyholders’ liabilities — — 13 — 13 Balance, June 30, 2017 $ 1,145 $ (141 ) $ (176 ) $ (289 ) $ 539 Balance, January 1, 2016 $ 674 $ (82 ) $ (213 ) $ (133 ) $ 246 Net investment gains (losses) arising during the period 2,434 — — — 2,434 Reclassification adjustment for OTTI losses: Included in Net earnings (loss) (29 ) — — — (29 ) Excluded from Net earnings (loss) (1) — — — — — Impact of net unrealized investment gains (losses) on: DAC — (57 ) — — (57 ) Deferred income taxes — — — (753 ) (753 ) Policyholders’ liabilities — — (198 ) — (198 ) Balance, June 30, 2016 $ 3,079 $ (139 ) $ (411 ) $ (886 ) $ 1,643 (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 634 issues at June 30, 2017 and the 794 issues at December 31, 2016 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, 2017: Fixed Maturity Securities: Public corporate $ 2,032 $ 40 $ 149 $ 5 $ 2,181 $ 45 Private corporate 1,108 26 155 18 1,263 44 U.S. Treasury, government and agency 5,153 386 — — 5,153 386 States and political subdivisions — — 19 1 19 1 Foreign governments 46 1 35 5 81 6 Commercial mortgage-backed 39 5 171 31 210 36 Residential mortgage-backed 13 — 19 — 32 — Asset-backed 3 — 8 1 11 1 Redeemable preferred stock 8 — 12 1 20 1 Total $ 8,402 $ 458 $ 568 $ 62 $ 8,970 $ 520 December 31, 2016: Fixed Maturity Securities: Public corporate $ 2,455 $ 75 $ 113 $ 6 $ 2,568 $ 81 Private corporate 1,483 38 277 17 1,760 55 U.S. Treasury, government and agency 5,356 624 — — 5,356 624 States and political subdivisions — — 18 2 18 2 Foreign governments 73 3 49 11 122 14 Commercial mortgage-backed 66 5 171 67 237 72 Residential mortgage-backed 47 — 4 — 51 — Asset-backed 4 — 8 1 12 1 Redeemable preferred stock 218 9 12 1 230 10 Total $ 9,702 $ 754 $ 652 $ 105 $ 10,354 $ 859 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, 2017 and December 31, 2016 were $ 179 million and $169 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 National Association of Insurance Commissioners (“NAIC”) designation of 3 (medium grade), 4 or 5 (below investment grade) or 6 (in or near default). At June 30, 2017 and December 31, 2016 , respectively, approximately $ 1,527 million and $1,574 million , or 4.7 % and 4.9% , of the $ 32,239 million and $32,123 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 $ 20 million and $28 million at June 30, 2017 and December 31, 2016 , respectively. At June 30, 2017 and December 31, 2016 , respectively, the $ 62 million and $105 million of gross unrealized losses of twelve months or more were concentrated in corporate and commercial mortgage-backed securities. In accordance with the policy described in Note 2, the Company concluded that an adjustment to earnings for OTTI for these securities was not warranted at either June 30, 2017 or 2016 . At June 30, 2017 and December 31, 2016 , the Company did not intend to sell the securities nor will it likely be required to dispose of the securities before the anticipated recovery of their remaining amortized cost basis. At June 30, 2017 , the carrying value of fixed maturities that were non-income producing for the twelve months preceding that date was $ 2 million. For the second quarter and first six months of 2017 and 2016 , investment income is shown net of investment expenses of $9 million, $ 29 million, $14 million and $30 million respectively. At June 30, 2017 and December 31, 2016 , respectively, the amortized cost of the Company’s trading account securities was $ 10,961 million and $9,177 million with respective fair values of $ 10,969 million and $9,134 million . Also at June 30, 2017 and December 31, 2016 , respectively, trading securities included the General Account’s investment in Separate Accounts, which had carrying values of $ 48 million and $63 million and costs of $ 30 million and $46 million . Net unrealized and realized gains (losses) on trading account equity securities are included in Net investment income (loss) in the consolidated statements of earnings (loss). The table below shows a breakdown of Net investment income from trading account securities during the second quarter and first six months of 2017 and 2016 : Net investment income (loss) from trading securities Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) Net investment gains (losses) recognized during the period on securities held at the end of the period $ 57 $ 55 $ 108 $ 119 Net investment gains (losses) recognized on securities sold during the period 23 (4 ) 25 (10 ) Unrealized and realized gains (losses) on trading securities arising during the period 80 51 133 109 Interest and dividend income from trading securities 49 29 89 48 Net investment income (loss) from trading securities $ 129 $ 80 $ 222 $ 157 Mortgage Loans Mortgage loans on real estate are placed on nonaccrual status once management determines 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, 2017 and December 31, 2016 , the carrying values of commercial mortgage loans on real estate that had been classified as nonaccrual loans were $ 19 million and $34 million , respectively. Troubled Debt Restructurings During second quarter 2017, the Company sold the property previously considered a TDR mortgage loan. As of June 30, 2017, no mortgage loan on the Company balance sheet was considered a TDR. Valuation Allowances for Mortgage Loans: Allowance for credit losses for commercial mortgage loans for the first six months of 2017 and 2016 was as follows: 2017 2016 Allowance for credit losses: (In Millions) Beginning balance, January 1, $ 8 $ 6 Charge-offs — — Recoveries — — Provision — 1 Ending balance, June 30, $ 8 $ 7 June 30, Individually Evaluated for Impairment $ 8 $ 7 There were no allowances for credit losses for agricultural mortgage loans for the first six months of 2017 and 2016 . The following tables provide information relating to the loan-to-value and debt service coverage ratios for commercial and agricultural mortgage loans at June 30, 2017 and December 31, 2016 , before adjustments for valuation allowance. 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, 2017 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% $ 681 $ 45 $ 321 $ 74 $ — $ — $ 1,121 50% - 70% 3,977 518 695 840 — — 6,030 70% - 90% 249 22 256 104 96 — 727 90% plus — — 27 — — — 27 Total Commercial Mortgage Loans $ 4,907 $ 585 $ 1,299 $ 1,018 $ 96 $ — $ 7,905 Agricultural Mortgage Loans (1) 0% - 50% $ 255 $ 142 $ 301 $ 501 $ 285 $ 53 $ 1,537 50% - 70% 125 56 212 321 213 38 965 70% - 90% — — — 4 — — 4 90% plus — — — — — — — Total Agricultural Mortgage Loans $ 380 $ 198 $ 513 $ 826 $ 498 $ 91 $ 2,506 Total Mortgage Loans (1) 0% - 50% $ 936 $ 187 $ 622 $ 575 $ 285 $ 53 $ 2,658 50% - 70% 4,102 574 907 1,161 213 38 6,995 70% - 90% 249 22 256 108 96 — 731 90% plus — — 27 — — — 27 Total Mortgage Loans $ 5,287 $ 783 $ 1,812 $ 1,844 $ 594 $ 91 $ 10,411 (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. Mortgage Loans by Loan-to-Value and Debt Service Coverage Ratios December 31, 2016 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 to1.5x 1.0x to 1.2x Less than 1.0x Total Mortgage Loans (In Millions) Commercial Mortgage Loans (1) 0% - 50% $ 738 $ 95 $ 59 $ 56 $ — $ — $ 948 50% - 70% 3,217 430 673 1,100 76 — 5,496 70% - 90% 282 65 229 127 28 46 777 90% plus — — 28 15 — — 43 Total Commercial Mortgage Loans $ 4,237 $ 590 $ 989 $ 1,298 $ 104 $ 46 $ 7,264 Agricultural Mortgage Loans (1) 0% - 50% $ 254 $ 138 $ 296 $ 468 $ 286 $ 49 $ 1,491 50% - 70% 141 57 209 333 219 45 1,004 70% - 90% — — 2 4 — — 6 90% plus — — — — — — — Total Agricultural Mortgage Loans $ 395 $ 195 $ 507 $ 805 $ 505 $ 94 $ 2,501 Total Mortgage Loans (1) 0% - 50% $ 992 $ 233 $ 355 $ 524 $ 286 $ 49 $ 2,439 50% - 70% 3,358 487 882 1,433 295 45 6,500 70% - 90% 282 65 231 131 28 46 783 90% plus — — 28 15 — — 43 Total Mortgage Loans $ 4,632 $ 785 $ 1,496 $ 2,103 $ 609 $ 140 $ 9,765 (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. The following table provides information relating to the aging analysis of past due mortgage loans at June 30, 2017 and December 31, 2016 , respectively, before adjustments for valuation allowance. 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 or > and Accruing (In Millions) June 30, 2017 Commercial $ — $ — $ — $ — $ 7,905 $ 7,905 $ — Agricultural 37 6 19 62 2,444 2,506 19 Total Mortgage Loans $ 37 $ 6 $ 19 $ 62 $ 10,349 $ 10,411 $ 19 December 31, 2016 Commercial $ — $ — $ — $ — $ 7,264 $ 7,264 $ — Agricultural 9 2 6 17 2,484 2,501 6 Total Mortgage Loans $ 9 $ 2 $ 6 $ 17 $ 9,748 $ 9,765 $ 6 The following table provides information regarding impaired mortgage loans at June 30, 2017 and December 31, 2016 , respectively. Impaired Mortgage Loans Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment (1) Interest Income Recognized (In Millions) June 30, 2017: With no related allowance recorded: Commercial mortgage loans - other $ — $ — $ — $ — $ — Agricultural mortgage loans — — — — — Total $ — $ — $ — $ — $ — With related allowance recorded: Commercial mortgage loans - other $ 27 $ 27 $ (8 ) $ 27 $ 1 Agricultural mortgage loans — — — — — Total $ 27 $ 27 $ (8 ) $ 27 $ 1 December 31, 2016: With no related allowance recorded: Commercial mortgage loans - other $ 15 $ 15 $ — $ 22 $ — Agricultural mortgage loans — — — — — Total $ 15 $ 15 $ — $ 22 $ — With related allowance recorded: Commercial mortgage loans - other $ 27 $ 27 $ (8 ) $ 48 $ 2 Agricultural mortgage loans — — — — — Total $ 27 $ 27 $ (8 ) $ 48 $ 2 (1) Represents a three-quarter average of recorded amortized cost. Derivatives and Offsetting Assets and Liabilities The Company uses derivatives as part of its overall asset/liability risk management primarily to reduce exposures to equity market and interest rate risks. Derivative hedging strategies are designed to reduce these risks from an economic perspective and are all executed within the framework of a Derivative Use Plan approved by the NYDFS. 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, fund performance, 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, bond and bond-index total return swaps, swaptions, variance swaps and equity options as well as bond and repo transactions to support the hedging. The derivative contracts are collectively managed in an effort to reduce the economic impact of unfavorable changes in guaranteed benefits’ exposures attributable to movements in capital markets. Derivatives utilized to hedge exposure to Variable Annuities with Guarantee Features The Company has issued and continues to offer certain variable annuity products with GMDB, GMIB and GIB features. The Company had previously issued certain variable annuity products with GWBL, GMWB and GMAB features (collectively, “GWBL and Other 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 feature is that under-performance of the financial markets could result in the present value of GMIB benefits, in the event of annuitization, being higher than what accumulated policyholders’ account balances would support, taking into account the relationship between current annuity purchase rates and the GMIB guaranteed annuity purchase rates. The risk associated with the GIB and GWBL and Other Features is that under-performance of the financial markets could result in the GIB and GWBL and Other Features’ benefits being higher than what accumulated policyholders’ account balances would support. For GMDB, GMIB, GIB and GWBL and Other Features, the Company retains certain risks, in whole or in part including basis, credit spread 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, GIB and GWBL and Other Features that result from financial markets movements. A portion of exposure to realized equity volatility is hedged using equity options and variance swaps and a portion of exposure to credit risk is hedged using total return swaps on fixed income indices. Additionally, the Company is party to total return swaps for which the reference U.S. Treasury securities are contemporaneously purchased from the market and sold to the swap counterparty. As these transactions result in a transfer of control of the U.S. Treasury securities to the swap counterparty, the Company derecognizes these securities with consequent gain or loss from the sale. The Company has also 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. The Company maintains a hedge program to protect the profitability of future variable annuity sales against declining interest rates. Factors that determine this program’s activity include expected sales and their impact on the Company’s risk profile. Derivatives utilized to hedge crediting rate exposure on SCS, SIO, MSO and IUL products/investment options The Company hedges crediting rates in the SCS variable annuity, SIO in the EQUI-VEST® variable annuity series, MSO in the variable life insurance products and IUL insurance products. These products permit the contract owner to participate in the performance of an index, ETF or commodity price movement up to a cap for a set period of time. They also contain a protection feature, in which the Company will absorb, up to a certain percentage, the loss of value in an index, ETF or commodity price, which varies by product segment. In order to support the returns associated with these features, the Company enters into derivative contracts whose payouts, in combination with fixed income investments, emulate those of the index, ETF or commodity price, subject to caps and buffers. Derivatives utilized to hedge risks associated with interest-rate risk arising from issuance of funding agreements The Company issues fixed and floating rate funding agreements to fund originated non-recourse commercial real estate mortgage loans, the terms of which may result in short term economic interest rate risk between mortgage loan commitment and mortgage loan funding. The company uses forward interest-rate swaps to protect against interest rate fluctuations during this period. Realized gains and losses from the forward interest rate swaps are amortized over the life of the loan in interest credited to policyholder’s account balances. Derivatives utilized to hedge equity market risks associated with the General Account’s seed money investments in Separate Accounts, retail mutual funds and Separate Account fee revenue fluctuations The Company’s General Account seed money investments in Separate Account equity funds and retail mutual funds exposes the Company to market risk, including equity market risk, which is partially hedged through equity-index futures contracts to minimize such risk. Periodically, the Company enters into derivatives 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 partially cover fees expected to be earned from the Company’s Separate Account products. Derivatives utilized for General Account Investment Portfolio The Company maintains a strategy in its General Account investment portfolio to replicate the credit exposure of fixed maturity securities otherwise permissible for investment under its investment guidelines through the sale of CDSs. Under the terms of these swaps, the Company receives quarterly fixed premiums that, together with any initial amount paid or received at trade inception, replicate the credit spread otherwise currently obtainable by purchasing the referenced entity’s bonds of similar maturity. These credit derivatives generally have remaining terms of five years or less and are recorded at fair value with changes in fair value, including the yield component that emerges from initial amounts paid or received, reported in Net investment income (loss). The Company manages its credit exposure taking into consideration both cash and derivatives based positions and selects the reference entities in its replicated credit exposures in a manner consistent with its selection of fixed maturities. In addition, the Company generally transacts the sale of CDSs in single name reference entities of investment grade credit quality and with counterparties subject to collateral posting requirements. If there is an event of default by the reference entity or other such credit event as defined under the terms of the swap contract, the Company is obligated to perform under the credit derivative and, at the counterparty’s option, either pay the referenced amount of the contract less an auction-determined recovery amount or pay the referenced amount of the contract and receive in return the defaulted or similar security of the reference entity for recovery by sale at the contract settlement auction. To date, there have been no events of default or circumstances indicative of a deterioration in the credit quality of the named referenced entities to require or suggest that the Company will have to perform under these CDSs. The maximum potential amount of future payments the Company could be required to make under these credit derivatives is limited to the par value of the referenced securities which is the dollar or euro-equivalent of the derivative notional amount. The Standard North American CDS Contract (“SNAC”) or Standard European Corporate Contract (“STEC”) under which the Company executes these CDS sales transactions does not contain recourse provisions for recovery of amounts paid under the credit derivative. Periodically, the Company purchases TIPS and other sovereign bonds, both inflation linked and non-inflation linked, as General Account investments and enters into asset or cross-currency basis swaps, to result in payment of the given bond’s coupons and principal at maturity in the bond’s specified currency to the swap counterparty, in return for fixed dollar amounts. These swaps, when considered in combination with the bonds, together result in a net position that is intended to replicate a dollar-denominated fixed-coupon cash bond with a yield higher than a term-equivalent U.S. Treasury bond. At June 30, 2017 and December 31, 2016, respectively, the Company’s unrealized gains related to this program were $31 million and $97 million and reported in AOCI. The Company hedges a portion of the credit exposure in its General Account investment portfolio by buying protection through a swap. Under the terms of these swaps, the Company pays quarterly fixed premiums that, together with any initial amount paid or received at trade inception, serve as premiums paid to hedge the risk arising from multiple defaults of bonds referenced in the CDX index. These credit derivatives have terms of five years or less and are recorded at fair value with changes in fair value, including the yield component that emerges from initial amounts paid or received, reported in Net investment income (loss) from derivative instruments. Beginning in 2016, the Company implemented a program to mitigate its duration gap using total return swaps for which the reference U.S. Treasury securities are sold to the swap counterparty under arrangements economically similar to repurchase agreements. As these transactions result in a transfer of control of the U.S. Treasury securities to the swap counterparty, the Company derecognizes these securities with consequent gain or loss from the sale. Under this program, the Company derecognized approximately $995 million U.S. Treasury securities for which the Company received proceeds of approximately $1,007 million at inception of the total return swap contracts. Under the terms of these swaps, the Company retains ongoing exposure to the total returns of the underlying U.S. Treasury securities in exchange for a financing cost. At June 30, 2017 , the aggregate fair value of U.S. Treasury securities derecognized under this program was approximately $869 million . Reported in Other invested assets in the Company's balance sheet at June 30, 2017 is approximately $18 million , representing the fair value of the total return swap contracts. The tables below present quantitative disclosure

CLOSED BLOCK

CLOSED BLOCK	6 Months Ended
	Jun. 30, 2017
Closed Block Disclosure [Abstract]
Closed Block	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 Closed Block. Summarized financial information for the Closed Block follows: June 30, December 31, (In Millions) CLOSED BLOCK LIABILITIES: Future policy benefits, policyholders’ account balances and other $ 7,067 $ 7,179 Policyholder dividend obligation 47 52 Other liabilities 204 43 Total Closed Block liabilities 7,318 7,274 ASSETS DESIGNATED TO THE CLOSED BLOCK: Fixed maturities, available for sale, at fair value (amortized cost of $4,092 and $3,884) 4,267 4,025 Mortgage loans on real estate 1,791 1,623 Policy loans 805 839 Cash and other invested assets 136 444 Other assets 173 181 Total assets designated to the Closed Block 7,172 7,112 Excess of Closed Block liabilities over assets designated to the Closed Block 146 162 Amounts included in accumulated other comprehensive income (loss): Net unrealized investment gains (losses), net of policyholder dividend obligation of $(47) and $(52) 139 100 Maximum Future Earnings To Be Recognized From Closed Block Assets and Liabilities $ 285 $ 262 Closed Block revenues and expenses were as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) REVENUES: Premiums and other income $ 57 $ 60 $ 115 $ 122 Net investment income (loss) 79 84 162 174 Net investment gains (losses) (1 ) — (16 ) 1 Total revenues 135 144 261 297 BENEFITS AND OTHER DEDUCTIONS: Policyholders’ benefits and dividends 129 138 284 273 Other operating costs and expenses 1 1 1 2 Total benefits and other deductions 130 139 285 275 Net revenues (loss) before income taxes 5 5 (24 ) 22 Income tax (expense) benefit (2 ) 3 8 (8 ) Net Revenues (Losses) $ 3 $ 8 $ (16 ) $ 14 Reconciliation of the policyholder dividend obligation follows: Six Months Ended June 30, 2017 2016 (In Millions) Balances, beginning of year $ 52 $ 81 Unrealized investment gains (losses), net of DAC (5 ) 140 Balances, End of Period $ 47 $ 221

GMDB, GMIB, GIB, GWBL AND OTHER

GMDB, GMIB, GIB, GWBL AND OTHER FEATURES AND NO LAPSE GUARANTEE FEATURES	6 Months Ended
	Jun. 30, 2017
Variable Annuity Contracts-GMDB GMIB And GWBL [Abstract]
GMDB, GMIB, GWBL and No Lapse Guarantee Features	GMDB, GMIB, GIB, GWBL AND OTHER FEATURES AND NO LAPSE GUARANTEE FEATURES A) Variable Annuity Contracts – GMDB, GMIB, GIB and GWBL and Other Features The Company has certain variable annuity contracts with GMDB, GMIB, GIB and GWBL and other 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 either 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 Balance Sheet in future policy benefits and other policyholders’ liabilities: GMDB GMIB Total (In Millions) Balance at January 1, 2017 $ 3,212 $ 5,577 $ 8,789 Paid guarantee benefits (189 ) (79 ) (268 ) Other changes in reserve 651 872 1,523 Balance at June 30, 2017 $ 3,674 $ 6,370 $ 10,044 Balance at January 1, 2016 $ 2,986 $ 5,297 $ 8,283 Paid guarantee benefits (195 ) (218 ) (413 ) Other changes in reserve 361 1,080 1,441 Balance at June 30, 2016 $ 3,152 $ 6,159 $ 9,311 Related GMDB reinsurance ceded amounts were: Six Months Ended June 30, 2017 2016 (In Millions) Balance, beginning of year $ 1,558 $ 1,430 Paid guarantee benefits (91 ) (92 ) Other changes in reserve 366 192 Balance, End of Period $ 1,833 $ 1,530 The GMIB reinsurance contracts are considered derivatives and are reported at fair value. The June 30, 2017 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 $ 13,799 $ 115 $ 68 $ 213 $ 14,195 Separate Accounts $ 43,056 $ 9,232 $ 3,441 $ 34,783 $ 90,512 Net amount at risk, gross $ 190 $ 79 $ 2,127 $ 16,079 $ 18,475 Net amount at risk, net of amounts reinsured $ 190 $ 55 $ 1,452 $ 6,769 $ 8,466 Average attained age of contractholders 51.3 66.1 72.6 67.9 55.1 Percentage of contractholders over age 70 9.5 % 38.5 % 61.7 % 44.7 % 17.7 % 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 $ 28 $ 309 $ 337 Separate Accounts N/A N/A $ 19,636 $ 40,309 $ 59,945 Net amount at risk, gross N/A N/A $ 1,026 $ 6,844 $ 7,870 Net amount at risk, net of amounts reinsured N/A N/A $ 318 $ 1,702 $ 2,020 Weighted average years remaining until annuitization N/A N/A 1.7 1.0 1.1 Range of contractually specified interest rates N/A N/A 3%-6% 3%-6.5% 3%-6.5% At June 30, 2017 , the Company had reinsured with non-affiliates and affiliates in the aggregate approximately 3.7% and 50.5% , respectively, of its current exposure to the GMDB obligation on annuity contracts in-force and, subject to certain maximum amounts or caps in any one period, approximately 17.2% and 57.1% , respectively, of its current liability exposure resulting from the GMIB feature. The liability for SCS, SIO, MSO and IUL indexed features and the GIB and GWBL and other features, not included above, was $ 1,290 million and $1,051 million at June 30, 2017 and December 31, 2016 , respectively, which are accounted for as embedded derivatives. The liability for GIB, GWBL and Other Features 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, (In Millions) GMDB: Equity $ 73,817 $ 69,625 Fixed income 2,334 2,483 Balanced 14,054 14,434 Other 307 348 Total $ 90,512 $ 86,890 GMIB: Equity $ 48,065 $ 45,931 Fixed income 1,626 1,671 Balanced 10,116 10,097 Other 138 149 Total $ 59,945 $ 57,848 C) Hedging Programs for GMDB, GMIB, GIB and GWBL and Other 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 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 capital markets. At the present time, this program hedges certain economic risks on products sold from 2001 forward, to the extent such risks are not reinsured. At June 30, 2017 , the total account value and net amount at risk of the hedged variable annuity contracts were $ 53,735 million and $ 7,444 million, respectively, with the GMDB feature and $40,250 million and $ 3,058 million, respectively, with the GMIB and GIB 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, the related reinsurance reserve ceded, reflected in Amounts due from reinsurers and deferred cost of reinsurance, reflected in Other assets in the Consolidated balance sheets. Direct Liability Reinsurance Ceded Net (In Millions) Balance at January 1, 2017 $ 1,202 $ (623 ) $ 579 Other changes in reserves 120 (21 ) 99 Balance at June 30, 2017 $ 1,322 $ (644 ) $ 678 Balance at January 1, 2016 $ 1,084 $ (539 ) $ 545 Other changes in reserves 85 (32 ) 53 Balance at June 30, 2016 $ 1,169 $ (571 ) $ 598

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures	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 uses unadjusted quoted market prices to measure the fair value of 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 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 equity real estate held for production of income, and mortgage loans on real estate, 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, 2017 and December 31, 2016 , no assets were required to be measured at fair value on a non-recurring basis. Fair Value Measurements at June 30, 2017 Level 1 Level 2 Level 3 Total (In Millions) Assets: Investments: Fixed maturities, available-for-sale: Public Corporate $ — $ 13,157 $ 73 $ 13,230 Private Corporate — 6,292 995 7,287 U.S. Treasury, government and agency — 10,849 — 10,849 States and political subdivisions — 442 42 484 Foreign governments — 367 — 367 Commercial mortgage-backed — 13 290 303 Residential mortgage-backed (1) — 281 — 281 Asset-backed (2) — 28 12 40 Redeemable preferred stock 214 322 1 537 Subtotal 214 31,751 1,413 33,378 Other equity investments 3 — 5 8 Trading securities 509 10,460 — 10,969 Other invested assets: Short-term investments — 1,261 — 1,261 Assets of consolidated VIEs/VOEs 539 119 3 661 Swaps — 111 — 111 Credit Default Swaps — 20 — 20 Options — 1,249 — 1,249 Subtotal 539 2,760 3 3,302 Cash equivalents 2,175 — — 2,175 Segregated securities — 1,078 — 1,078 GMIB reinsurance contract asset — — 11,290 11,290 Separate Accounts’ assets 113,282 3,010 333 116,625 Total Assets $ 116,722 $ 49,059 $ 13,044 $ 178,825 Liabilities GWBL and Other Features’ liability $ — $ — $ 121 $ 121 SCS, SIO, MSO and IUL indexed features’ liability — 1,169 — 1,169 Liabilities of consolidated VIEs/VOEs 407 3 — 410 Contingent payment arrangements — — 17 17 Total Liabilities $ 407 $ 1,172 $ 138 $ 1,717 (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, 2016 Level 1 Level 2 Level 3 Total (In Millions) Assets: Investments: Fixed maturities, available-for-sale: Public Corporate $ — $ 12,984 $ 28 $ 13,012 Private Corporate — 6,223 817 7,040 U.S. Treasury, government and agency — 10,336 — 10,336 States and political subdivisions — 451 42 493 Foreign governments — 390 — 390 Commercial mortgage-backed — 22 349 371 Residential mortgage-backed (1) — 314 — 314 Asset-backed (2) — 36 24 60 Redeemable preferred stock 218 335 1 554 Subtotal 218 31,091 1,261 32,570 Other equity investments 3 — 5 8 Trading securities 478 8,656 — 9,134 Other invested assets: Short-term investments — 574 — 574 Assets of consolidated VIEs 342 205 6 553 Swaps — (925 ) — (925 ) Credit Default Swaps — 5 — 5 Options — 960 — 960 Floors — 11 — 11 Subtotal 342 830 6 1,178 Cash equivalents 1,529 — — 1,529 Segregated securities — 946 — 946 GMIB reinsurance contract asset — — 10,309 10,309 Separate Accounts’ assets 108,085 2,818 313 111,216 Total Assets $ 110,655 $ 44,341 $ 11,894 $ 166,890 Liabilities: GWBL and Other Features’ liability $ — $ — $ 164 $ 164 SCS, SIO, MSO and IUL indexed features’ liability — 887 — 887 Liabilities of consolidated VIEs 248 2 — 250 Contingent payment arrangements — — 18 18 Total Liabilities $ 248 $ 889 $ 182 $ 1,319 (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, 2017 and December 31, 2016 , respectively, the fair value of public fixed maturities is approximately $ 25,550 million and $24,918 million or approximately 15.3% and 16.0% 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 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, 2017 and December 31, 2016 , respectively, the fair value of private fixed maturities is approximately $ 7,828 million and $7,652 million or approximately 4.7 % and 4.9% of the Company’s total assets measured at fair value on a recurring basis. The fair values of the Company’s private fixed maturities are determined from prices obtained from independent valuation service providers. Prices not obtained from an independent valuation service provider are determined by using a discounted cash flow model or a market comparable company valuation technique. 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 or a market comparable company valuation technique 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, 2017 and December 31, 2016 , respectively, the net fair value of freestanding derivative positions is approximately $ 1,380 million and $51 million or approximately 41.8 % and 8.2% 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, including OIS 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. 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, 2017 and December 31, 2016 , respectively, investments classified as Level 1 comprise approximately 70.1 % and 71.1% 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, 2017 and December 31, 2016 , respectively, investments classified as Level 2 comprise approximately 28.8 % and 27.9% 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 AB 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, 2017 and December 31, 2016 , respectively, approximately $ 299 million and $340 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. Certain AXA Equitable products such as the SCS and EQUI-VEST variable annuity products and the IUL product, as well as the MSO feature available in some AXA Equitable life contracts, offer investment options that permit the contract owner to participate in the performance of an index, ETF or commodity price. These investment options (depending on the product and index selected) can have 1, 3 or 5 year terms and permit participation in the index, ETF or commodity price up to a segment-specific declared maximum rate. Under certain conditions that vary by product, e.g. holding these segments for the full term, these segments also shield policyholders from some or all negative investment performance associated with these indices, ETFs or commodity prices. These investment options have defined formulaic liability amounts, and the current values of the option component of these segment reserves are accounted for as Level 2 embedded derivatives. The fair values of these embedded derivatives are based on prices obtained from independent valuation service providers. At June 30, 2017 and December 31, 2016 , respectively, investments classified as Level 3 comprise approximately 1.1 % and 1.0% of assets measured at fair value on a recurring basis and primarily include CMBS and 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, 2017 and December 31, 2016 , respectively, were approximately $ 102 million and $111 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 $ 302 million and $373 million of mortgage- and asset-backed securities, including CMBS, are classified as Level 3 at June 30, 2017 and December 31, 2016 , respectively. The Company utilizes prices obtained from an independent valuation service vendor to measure fair value of CMBS securities. 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 GIB and GWBL and Other Features related liability reflects the present value of expected future payments (benefits) less fees, adjusted for risk margins, attributable to the GIB and GWBL and Other Features over a range of market-consistent economic scenarios. The valuations of both the GMIB reinsurance contract asset and GIB and GWBL and Other Features’ liability incorporate significant non-observable assumptions related to policyholder behavior, risk margins and projections of equity Separate Account funds. The credit risks of the counterparty and of the Company are considered in determining the fair values of its GMIB reinsurance contract asset and GIB 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 $ 89 million and $139 million at June 30, 2017 and December 31, 2016 , respectively, to recognize incremental counterparty non-performance risk. The unadjusted swap curve was determined to reflect a level of general swap market counterparty risk; therefore, no adjustment was made for purpose of determining the fair value of the GIB and GWBL and Other Features’ liability embedded derivative at June 30, 2017 . Equity and fixed income volatilities were modeled to reflect the current market volatility. The Company’s Level 3 liabilities include contingent payment arrangements associated with acquisitions in 2010, 2013 and 2014 by AB. At each reporting date, AB estimates the fair values of the contingent consideration expected to be paid based upon probability-weighted AUM and revenue projections, using unobservable market data inputs, which are included in Level 3 of the valuation hierarchy. In the first six months of 2017 , AFS fixed maturities with fair values of $ 6 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 $ 13 million were transferred from Level 2 into the Level 3 classification. These transfers in the aggregate represent approximately 0.1% of total equity at June 30, 2017 . In the first six months of 2016 , AFS fixed maturities with fair values of $43 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 $19 million were transferred from Level 2 into the Level 3 classification. These transfers in the aggregate represent approximately 0.3% of total equity at June 30, 2016 . The table below presents a reconciliation for all Level 3 assets and liabilities for the second quarter and first six months of 2017 and 2016 , respectively: Level 3 Instruments Fair Value Measurements Corporate State and Political Sub- divisions Foreign Govts Commercial Mortgage- backed Asset- backed (In Millions) Balance, April 1, 2017 $ 1,014 $ 42 $ — $ 324 $ 31 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) 3 — — 1 — Investment gains (losses), net — — — (9 ) 15 Subtotal 3 — — (8 ) 15 Other comprehensive income (loss) (51 ) — — 7 (11 ) Purchases 169 — — — — Sales (39 ) — — (33 ) (18 ) Settlements — — — — — Transfers into Level 3 (1) 6 — — — — Transfers out of Level 3 (1) (34 ) — — — (5 ) Balance, June 30, 2017 $ 1,068 $ 42 $ — $ 290 $ 12 Balance, April 1, 2016 $ 498 $ 45 $ — $ 448 $ 37 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) — — — — — Investment gains (losses), net 1 — — (18 ) — Subtotal 1 — — (18 ) — Other comprehensive income (loss) (1 ) 1 — 1 2 Purchases 97 — — — — Sales (58 ) (1 ) — (27 ) (4 ) Transfers into Level 3 (1) 3 — — — — Transfers out of Level 3 (1) (45 ) — — (2 ) (9 ) Balance, June 30, 2016 $ 495 $ 45 $ — $ 402 $ 26 Corporate State and Political Sub- divisions Foreign Govts Commercial Mortgage- backed Asset- backed (In Millions) Balance, January 1, 2017 $ 845 $ 42 $ — $ 349 $ 24 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) 4 — — 1 — Investment gains (losses), net — — — (20 ) 15 Subtotal 4 — — (19 ) 15 Other comprehensive income (loss) (6 ) — — 19 (7 ) Purchases 322 — — — — Sales (105 ) — — (59 ) (19 ) Settlements — — — — — Transfers into Level 3 (1) 13 — — — — Transfers out of Level 3 (1) (5 ) — — — (1 ) Balance, June 30, 2017 $ 1,068 $ 42 $ — $ 290 $ 12 Balance, January 1, 2016 $ 420 $ 45 $ 1 $ 503 $ 40 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) (1 ) — — — — Investment gains (losses), net — — — (24 ) — Subtotal (1 ) — — (24 ) — Other comprehensive income (loss) 8 1 — (11 ) 2 Purchases 150 — — — — Sales (72 ) (1 ) — (60 ) (7 ) Transfers into Level 3 (1) 17 — — — — Transfers out of Level 3 (1) (27 ) — (1 ) (6 ) (9 ) Balance, June 30, 2016 $ 495 $ 45 $ — $ 402 $ 26 Redeemable Preferred Stock Other Equity Investments (2) GMIB Reinsurance Asset Separate Accounts Assets GWBL and Other Features’ Liability Contingent Payment Arrangement (In Millions) Balance, April 1, 2017 $ 1 $ 15 $ 9,795 $ 325 $ 106 $ 17 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 contract asset — — 1,446 — — — Policyholders’ benefits — — — — (48 ) — Subtotal — — 1,446 8 (48 ) — Other comprehensive income (loss) — — — — — — Purchases (3) — — 70 2 63 — Sales (4) — — (21 ) (1 ) — — Settlements (5) — — — (1 ) — — Activity related to consolidated VIEs — (7 ) — — — — Transfers into Level 3 (1) — — — — — — Transfers out of Level 3 (1) — — — — — — Balance, June 30, 2017 $ 1 $ 8 $ 11,290 $ 333 $ 121 $ 17 Balance, April 1, 2016 $ — $ 25 $ 12,207 $ 323 $ 265 $ 31 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) — — — — — 1 Investment gains (losses), net — (1 ) — 5 — — Increase (decrease) in the fair value of the reinsurance contract asset — — 1,065 — — — Policyholders’ benefits — — — — 10 — Subtotal — (1 ) 1,065 5 10 1 Other comprehensive income (loss) — — — — — — Purchases (3) — — 55 10 55 — Sales (4) — — (16 ) (1 ) — — Settlements (5) — — — (1 ) — (1 ) Transfers into Level 3 (1) — — — 1 — — Transfers out of Level 3 (1) — (6 ) — (30 ) — — Balance, June 30, 2016 $ — $ 18 $ 13,311 $ 307 $ 330 $ 31 Redeemable Other (2) GMIB Separate GWBL Contingent (In Millions) Balance, January 1, 2017 $ 1 $ 11 $ 10,309 $ 313 $ 164 $ 18 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) — — — — — — Investment gains (losses), net — — — 18 — — Increase (decrease) in the fair value of the reinsurance contracts — — 906 — — — Policyholders’ benefits — — — — (166 ) — Subtotal — — 906 18 (166 ) — Other comprehensive income (loss) — — — — — — Purchases (3) — 4 110 6 123 — Sales (4) — (1 ) (35 ) (2 ) — — Settlements (5) — — — (2 ) — (1 ) Activity related to consolidated VIEs — (7 ) — — — — Transfers into Level 3 (1) — 1 — — — — Transfers out of Level 3 (1) — — — — — — Balance, June 30, 2017 $ 1 $ 8 $ 11,290 $ 333 $ 121 $ 17 Balance, January 1, 2016 $ — $ 17 $ 10,570 $ 313 $ 184 $ 31 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) — — — — — 1 Investment gains (losses), net — (1 ) — 13 — — Increase (decrease) in the fair value of the reinsurance contracts — — 2,662 — — — Policyholders’ benefits — — — — 40 — Subtotal — (1 ) 2,662 13 40 1 Other comprehensive income (loss) — — — — — — Purchases (3) — — 110 10 106 — Sales (4) — — (31 ) (1 ) — — Settlements (5) — — — (2 ) — (1 ) Transfers into Level 3 (1) — 2 — 1 — — Transfers out of Level 3 (1) — — — (27 ) — — Balance, June 30, 2016 $ — $ 18 $ 13,311 $ 307 $ 330 $ 31 (1) Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values. (2) Includes Level 3 amounts for Trading securities and consolidated VIE investments. (3) For the GMIB reinsurance contract asset and GWBL and other features reserves, represents premiums. (4) For the GMIB reinsurance contract asset, represents recoveries from reinsurers and for GWBL and other features reserves represents benefits paid. (5) For contingent payment arrangements, it represents change in estimates. The table below details changes in unrealized gains (losses) for the second quarter and first six months of 2017 and 2016 by category for Level 3 assets and liabilities still held at June 30, 2017 and 2016 , respectively: 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 Second Quarter 2017 Held at June 30, 2017: Change in unrealized gains (losses): Fixed maturities, available-for-sale: Corporate $ — $ — $ — $ (45 ) $ — State and political subdivisions — — — — — Commercial mortgage-backed — — — 5 — Asset-backed — — — (11 ) — Other fixed maturities, available-for-sale — — — — — Subtotal $ — $ — $ — $ (51 ) $ — GMIB reinsurance contracts — — 1,495 — — Separate Accounts’ assets (1) — 8 — — GWBL and other features’ liability — — — — 15 Total $ — $ 8 $ 1,495 $ (51 ) $ 15 Level 3 Instruments Second Quarter 2016 Held at June 30, 2016: Change in unrealized gains (losses): Fixed maturities, available-for-sale: Corporate $ — $ — $ — $ (2 ) $ — State and political subdivisions — — — 1 — Commercial mortgage-backed — — — (4 ) — Asset-backed — — — 2 — Other fixed maturities, available-for-sale — — — — — Subtotal $ — $ — $ — $ (3 ) $ — Other equity investments — — — — — GMIB reinsurance contracts — — 1,104 — — Separate Accounts’ assets (1) — 6 — — — GWBL and other features’ liability — — — — 65 Total $ — $ 6 $ 1,104 $ (3 ) $ 65 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 2017 Held at June 30, 2017: Change in unrealized gains (losses): Fixed maturities, available-for-sale: Corporate $ — $ — $ — $ (4 ) $ — State and political subdivisions — — — — — Commercial mortgage-backed — — — 17 — Asset-backed — — — (7 ) — Other fixed maturities, available-for-sale — — — — — Subtotal $ — $ — $ — $ 6 $ — GMIB reinsurance contracts — — 981 — — Separate Accounts’ assets (1) — 18 — — — GWBL and other features’ liability — — — — (43 ) Total $ — $ 18 $ 981 $ 6 $ (43 ) Level 3 Instruments First Six Months of 2016 Held at June 30, 2016: Change in unrealized gains (losses): Fixed maturities, available-for-sale: Corporate $ — $ — $ — $ 9 $ — State and political subdivisions — — — 1 — Commercial mortgage-backed — — — (16 ) — Asset-backed — — — 2 — Other fixed maturities, available-for-sale — — — — — Subtotal $ — $ — $ — $ (4 ) $ — Other equity investments — — — — — GMIB reinsurance contracts — — 2,733 — — Separate Accounts’ assets (1) — 13 — — — GWBL and other features’ liability — — — — 146 Total $ — $ 13 $ 2,733 $ (4 ) $ 146 (1) There is an investment expense that offsets this investment gain (loss). The following tables disclose quantitative information about Level 3 fair value measurements by category for assets and liabilities as of June 30, 2017 and December 31, 2016 , respectively. Quantitative Information about Level 3 Fair Value Measurements June 30, 2017 Fair Value Valuation Technique Significant Unobservable Input Range (In Millions) Assets: Investments: Fixed maturities, available-for-sale: Corporate $ 46 Matrix pricing model Spread over the industry-specific benchmark yield curve 25 bps - 565 bps 774 Market comparable companies EBITDA multiples 5.1x- 27.3x Separate Accounts’ assets 314 Third party appraisal Capitalization rate 4.7% Exit capitalization rate 5.7% Discount rate 6.6% 1 Discounted cash flow Spread over U.S. Treasury curve 243 bps Discount factor 4.0% GMIB reinsurance contract asset 11,290 Discounted cash flow Lapse Rates 1.0%- 6.3% Withdrawal Rates 0.0% - 8.0% GMIB Utilization Rates 0.0% - 16.0% Non-performance risk 4 bps - 9 bps Volatility rates - Equity 10.0% - 30.0% Liabilities: GIB, GWBL and other features liability 121 Discounted Cash flow Lapse Rates 0.5% - 11.0% Withdrawal Rates 0.0% - 8.0% Volatility rates - Equity 10.0% - 30.0% Quantitative Information about Level 3 Fair Value Measurements December 31, 2016 Fair Value Valuation Technique

SHARE-BASED COMPENSATION PROGRA

SHARE-BASED COMPENSATION PROGRAMS	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation Programs	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. AB also sponsors its own unit option plans for certain of its employees. Compensation costs for the second quarter and first six months of 2017 and 2016 for share-based payment arrangements as further described herein are as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Thousands) Performance Shares $ 9,556 $ 9,603 $ 12,958 $ 11,821 Stock Options 729 606 738 715 AB Restricted Units 13,600 4,000 21,300 5,200 Other compensation plans (1) (37 ) 7 28 (913 ) Total Compensation Expenses $ 23,848 $ 14,216 $ 35,024 $ 16,823 (1) Other compensation plans include Restricted Stock, Stock Appreciation Rights and AXA Miles. Performance Shares 2017 Grant . On June 21, 2017, under the terms of the Performance Share Plan, AXA awarded approximately 1.69 million unearned performance shares to employees of AXA Equitable. The extent to which 2017-2019 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 shares earned, which may vary in linear formula between 0% and 130% of the number of performance shares at stake. The performance shares earned during this performance period will vest and be settled on the fourth anniversary of the award date. The plan will settle in shares to all participants. In the first six months of 2017, the expense associated with the June 21, 2017 grant of performance shares was $7 million . Settlement of 2014 Grant in 2017. On March 24, 2017, share distributions totaling approximately $21 million were made to active and former AXA Equitable employees in settlement of 1.0 million performance shares earned under the terms of the first tranche of the AXA Performance Share Plan 2014. Stock Options 2017 Grant . On June 21, 2017, 487,840 options to purchase AXA ordinary shares were granted to employees of AXA Equitable under the terms of the Stock Option Plan at an exercise price of 23.92 euros. All of those options have a five -year graded vesting schedule, with one-third vesting on each of the third, fourth, and fifth anniversaries of the grant date. Of the total options awarded on June 21, 2017, 275,942 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 June 21, 2017 have a ten -year term. The weighted average grant date fair value per option award was estimated at 1.78 euros 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 25.05% , a weighted average expected term of 8.8 years, an expected dividend yield of 6.53% and a risk-free interest rate of 0.59% . The total fair value of these options (net of expected forfeitures) of approximately $1 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 the first six months of 2017, the Company recognized expenses associated with the June 21, 2017 grant of options of approximately $0.4 million . AB Long-term Incentive Compensation Plans. During the second quarter and first six months of 2017, AB purchased 4.3 million and 5.7 million Holding Units for $ 97 million and $ 128 million respectively (on a trade date basis). These amounts reflect open-market purchases of 3.7 million and 4.9 million Holding Units for $ 82 million and $ 110 million, respectively with the remainder 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. During the second quarter and first six months of 2016, AB purchased 1.9 million and 3.8 million Holding Units for $44 million and $84 million respectively (on a trade date basis). These amounts reflect open-market purchases of 1.9 million and 3.7 million Holding Units for $44 million and $82 million , respectively with the remainder 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. During the first six months of 2017 and 2016 , AB granted to employees and eligible Directors 2.0 million and 0.3 million restricted Holding awards. In the first six months of 2017 and 2016 , AB used Holding Units repurchased during the period and newly issued Holding Units to fund the restricted Holding Unit awards. During the first six months of 2017 and 2016 , AB Holding issued 0.5 million and 0.1 million AB Holding Units, respectively, upon exercise of options to buy AB Holding Units. AB Holding used the proceeds of $9 million and $2 million , respectively, received from employees as payment in cash for the exercise price to purchase the equivalent number of newly-issued AB Units.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Income taxes for the interim periods ended June 30, 2017 and 2016 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. In the second quarter of 2017, the Company recognized a tax benefit of $221 million related to the conclusion of an IRS audit for tax years 2008 and 2009.

LITIGATION

LITIGATION	6 Months Ended
	Jun. 30, 2017
Litigation Settlement [Abstract]
Litigation	LITIGATION There have been no new material legal proceedings and no material developments in the specific litigations or regulatory matters previously reported in the Company’s Notes to Consolidated Financial Statements for the year ended December 31, 2016 , except as set forth below: Insurance Litigation In April 2014, a lawsuit was filed in the United States District Court for the Southern District of New York, now entitled Ross v. AXA Equitable Life Insurance Company . The lawsuit is a putative class action on behalf of all persons and entities that, between 2011 and March 11, 2014, directly or indirectly, purchased, renewed or paid premiums on life insurance policies issued by AXA Equitable (the “Policies”). The complaint alleges that AXA Equitable did not disclose in its New York statutory annual statements or elsewhere that the collateral for certain reinsurance transactions with affiliated reinsurance companies was supported by parental guarantees, an omission that allegedly caused AXA Equitable to misrepresent its “financial condition” and “legal reserve system.” The lawsuit seeks recovery under Section 4226 of the New York Insurance Law of all premiums paid by the class for the Policies during the relevant period. In July 2015, the Court granted AXA Equitable’s motion to dismiss for lack of subject matter jurisdiction. In April 2015, a second action in the United States District Court for the Southern District of New York was filed on behalf of a putative class of variable annuity holders with “Guaranteed Benefits Insurance Riders,” entitled Calvin W. Yarbrough, on behalf of himself and all others similarly situated v. AXA Equitable Life Insurance Company . The new action covers the same class period, makes substantially the same allegations, and seeks the same relief as the Ross action. In October 2015, the Court, on its own, dismissed the Yarbrough litigation on similar grounds as the Ross litigation. In December 2015, the Second Circuit denied the plaintiffs motion to consolidate their appeals but ordered that the appeals be heard together before a single panel of judges. In February 2017, the Second Circuit affirmed the decisions of the district court in favor of AXA Equitable, and that decision is now final because the plaintiffs failed to file a further appeal. In November 2014, a lawsuit was filed in the Superior Court of New Jersey, Camden County entitled Arlene Shuster, on behalf of herself and all others similarly situated v. AXA Equitable Life Insurance Company . This lawsuit is a putative class action on behalf of all AXA Equitable variable life insurance policyholders who allocated funds from their policy accounts to investments in AXA Equitable’s separate accounts, which were subsequently subjected to volatility-management strategy, and who suffered injury as a result thereof. The action asserts that AXA Equitable breached its variable life insurance contracts by implementing the volatility management strategy. In February 2016, the Court dismissed the complaint. In March 2016, the Plaintiff filed a notice of appeal. In August 2015, another lawsuit was filed in Connecticut Superior Court, Judicial Division of New Haven entitled Richard T. O’Donnell, on behalf of himself and all others similarly situated v. AXA Equitable Life Insurance Company . This lawsuit is a putative class action on behalf of all persons who purchased variable annuities from AXA Equitable which were subsequently subject to the volatility management strategy and who suffered injury as a result thereof. Plaintiff asserts a claim for breach of contract alleging that AXA Equitable implemented the volatility management strategy in violation of applicable law. In November 2015, the Connecticut Federal District Court transferred this action to the United States District Court for the Southern District of New York. In March 2017, the Southern District of New York granted AXA Equitable’s motion to dismiss the complaint. In April 2017, the Plaintiff filed a notice of appeal. In February 2016, a lawsuit was filed in the United States District Court for the Southern District of New York entitled Brach Family Foundation, Inc. v. AXA Equitable Life Insurance Company . This lawsuit is a putative class action brought on behalf of all owners of universal life ("UL") policies subject to AXA Equitable’s cost of insurance (“COI”) increase. In early 2016, AXA Equitable raised COI rates for certain UL policies issued between 2004 and 2007, which had both issue ages 70 and above and a current face value amount of $1 million and above. The current complaint alleges a claim for breach of contract and a claim that the AXA Equitable made misrepresentations in violation of Section 4226 of the New York Insurance Law (“Section 4226”). Plaintiff seeks (a) with respect to its breach of contract claim, compensatory damages, costs, and, pre- and post-judgment interest, and (b) with respect to its claim concerning Section 4226, a penalty in the amount of premiums paid by the Plaintiff and the putative class. AXA Equitable’s response to the complaint was filed in February 2017. Additionally, a separate putative class action and six individual actions challenging the COI increase have been filed against AXA Equitable. _______________________________________________________________________________ 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 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 matters described above will have a material adverse effect on AXA Equitable’s consolidated results of operations in any particular period. In addition to the matters described above, a number of lawsuits, claims, assessments and regulatory inquiries have been filed or commenced against life and health insurers and asset managers in the jurisdictions in which AXA Equitable and its respective subsidiaries do business. These actions and proceedings involve, among other things, insurers’ sales practices, alleged agent misconduct, alleged failure to properly supervise agents, contract administration, product design, features and accompanying disclosure, cost of insurance increases, the use of captive reinsurers, payments of death benefits and the reporting and escheatment of unclaimed property, alleged breach of fiduciary duties, alleged mismanagement of client funds and other matters. In addition, a number of lawsuits, claims, assessments and regulatory inquiries have been filed or commenced against businesses in the jurisdictions in which AXA Equitable and its subsidiaries do business, including actions and proceedings related to alleged discrimination, alleged breaches of fiduciary duties in connection with qualified pension plans and other general business-related matters. Some of the matters have resulted in the award of substantial fines and judgments, including material amounts of punitive damages, or in substantial settlements. Courts, juries and regulators often have substantial discretion in awarding damage awards and fines, including punitive damages. AXA Equitable and its subsidiaries from time to time are involved in such actions and proceedings. 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 and regulatory fines that bear little or no relation to actual economic damages incurred, continues to create the potential for an unpredictable judgment in any given matter.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure	RELATED PARTY TRANSACTIONS The Company has cost sharing and service agreements with AXA Financial, its subsidiaries and affiliates including agreements related to personnel services, employee benefits, facilities, supplies, equipment, technology, professional development arrangements and investment management services. In addition, the Company has selling agreements to sell insurance products on behalf of affiliates or to have affiliates sell the Company’s insurance products. AB and FMG also act as investment managers for some of the Company’s affiliates and receive investment management fee revenue for the services provided. There have been no material changes in these service agreements from those disclosed in the 2016 Form 10-K. At June 30, 2017 and December 31, 2016 , AXA Equitable’s GMIB reinsurance contract asset with AXA Arizona had carrying values of $ 9,198 million and $8,574 million , respectively, and is reported in Guaranteed minimum income benefit reinsurance contract asset, at fair value in the consolidated balance sheets. Ceded premiums, deposits and fee income to AXA Arizona in the second quarter and first six months of 2017 and 2016 related to the Annuity, UL and no lapse guarantee riders totaled approximately $115 million, $ 224 million, $109 million and $216 million , respectively. Ceded claims paid and surrenders in the second quarter and first six months of 2017 and 2016 were $79 million, $ 135 million, $61 million and $275 million , respectively. In 2016, AXA Equitable sold artwork to AXA Financial and recognized a $20 million gain on the sale. AXA Equitable used the proceeds received from this sale to make a $21 million donation to AXA Foundation, Inc. (the “Foundation”). The Foundation was organized for the purpose of distributing grants to various tax-exempt charitable organizations and administering various matching gift programs for AXA Equitable, its subsidiaries and affiliates. In June 2009, AXA Equitable sold real estate property valued at $1,100 million to a non-insurance subsidiary of AXA Financial in exchange for $700 million in cash and $400 million in 8.0% ten year term mortgage notes on the property reported in Loans to affiliates in the consolidated balance sheets. In November 2014, this loan was refinanced and a new $382 million , seven year term loan with an interest rate of 4.0% was issued. In January 2016, the property was sold and a portion of the proceeds was used to repay the $382 million term loan outstanding and a $65 million prepayment penalty. In 2016, AXA Equitable and Saum Sing LLC (“Saum Sing”), an affiliate, formed Broad Vista Partners LLC (“Broad Vista”), AXA Equitable owns 70% and Saum Sing owns 30% of Broad Vista. On June 30, 2016, Broad Vista entered into a real estate joint venture with a third party and AXA Equitable invested approximately $25 million, reported in Other equity investments in the consolidated balance sheets.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) AOCI represents cumulative gains (losses) on items that are not reflected in earnings (loss). The balances as of June 30, 2017 and 2016 follow: June 30, 2017 2016 (In Millions) Unrealized gains (losses) on investments $ 502 $ 1,666 Foreign currency translation adjustments (63 ) (55 ) Defined benefit pension plans (45 ) (43 ) Total accumulated other comprehensive income (loss) 394 1,568 Less: Accumulated other comprehensive (income) loss attributable to noncontrolling interest 99 69 Accumulated Other Comprehensive Income (Loss) Attributable to AXA Equitable $ 493 $ 1,637 The components of OCI, net-of-taxes for the second quarter and first six months of 2017 and 2016 follow: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) Foreign currency translation adjustments: Foreign currency translation gains (losses) arising during the period $ (21 ) $ (5 ) $ 14 $ 4 (Gains) losses reclassified into net earnings (loss) during the period — — — — Foreign currency translation adjustment (21 ) (5 ) 14 4 Net unrealized gains (losses) on investments: Net unrealized gains (losses) arising during the period 312 764 452 1,578 (Gains) losses reclassified into net earnings (loss) during the period (1) 21 (29 ) (2 ) (15 ) Net unrealized gains (losses) on investments 333 735 450 1,563 Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other (19 ) (110 ) 8 (158 ) Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $177, $337, $267, and $764 314 625 458 1,405 Change in defined benefit plans: Less: reclassification adjustments to net earnings (loss) for: Net gain (loss) arising during the period 1 — 1 — Change in defined benefit plans (net of deferred income tax expense (benefit) of $1, $0, $1 and $0. 1 — 1 — Total other comprehensive income (loss), net of income taxes 294 620 473 1,409 Less: Other comprehensive (income) loss attributable to noncontrolling interest 20 3 13 — Other Comprehensive Income (Loss) Attributable to AXA Equitable $ 314 $ 623 $ 486 $ 1,409 (1) See “Reclassification adjustments” in Note 3. Reclassification amounts presented net of income tax expense (benefit) of $(14) million, $ (1) million, $16 million and $8 million , for the second quarter and first six months of 2017 and 2016 , respectively. Investment gains and losses reclassified from AOCI to net earnings (loss) primarily consist of realized gains (losses) on sales and OTTI of AFS securities and are included in Total investment gains (losses), net on the consolidated statements of earnings (loss). Amounts reclassified from AOCI to net earnings (loss) as related to defined benefit plans primarily consist of amortizations of net (gains) losses and net prior service cost (credit) recognized as a component of net periodic cost and reported in Compensation and benefit expenses in the consolidated statements of earnings (loss). Amounts presented in the table above are net of tax.

COMMITMENT AND CONTINGENT LIABI

COMMITMENT AND CONTINGENT LIABILITIES	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES Restructuring In an effort to further reduce its global real estate footprint, AB completed a comprehensive review of its worldwide office locations and began implementing a global space consolidation plan in 2012. This resulted in the sublease of office space primarily in New York as well as offices in England, Australia and various U.S. locations. In the first six months of 2017 and 2016, AB recorded new real estate charges of $21 million and $25 million respectively, relating to the further consolidation of office space at its New York offices. Real estate charges are recorded in Other operating costs and expenses in the Company’s Consolidated Statements of Earnings (Loss). Obligation under funding agreements As a member of the FHLBNY, AXA Equitable has access to collateralized borrowings. It also may issue funding agreements to the FHLBNY. Both the collateralized borrowings and funding agreements would require AXA Equitable to pledge qualified mortgage-backed assets and/or government securities as collateral. AXA Equitable issues short-term funding agreements to the FHLBNY and uses the funds for asset liability and cash management purposes. AXA Equitable issues long-term funding agreements to the FHLBNY and uses the funds for spread lending purposes. Funding agreements are reported in Policyholders ’ account balances in the consolidated balance sheets. For other instruments used for asset liability management purposes see “Derivative and offsetting assets and liabilities” included in Note 3. Funding agreements are reported in Policyholders’ account balances in the consolidated balance sheets. Outstanding balance at end of period Maturity of Outstanding balance Issued during the period Repaid during the period June 30, 2017: (In Millions) Short-term FHLBNY funding agreements $ 500 less than one month $ 3,000 $ 3,000 Long-term FHLBNY funding agreements 548 less than 4 years 174 — 828 Less than 5 years 208 — 744 greater than five years — — Total long-term funding agreements 2,120 382 — Total FHLBNY funding agreements at June 30, 2017 $ 2,620 $ 3,382 $ 3,000 December 31, 2016: Short-term FHLBNY funding agreements $ 500 less than one month $ 6,000 $ 6,000 Long-term FHLBNY funding agreements 58 less than 4 years 58 — 862 Less than 5 years 862 — 818 greater than five years 818 — Total long-term funding agreements 1,738 1,738 — Total FHLBNY funding agreements at December 31, 2016 $ 2,238 $ 7,738 $ 6,000 Other Commitments AXA Equitable had approximately $20 million of undrawn letters of credit issued in favor of third party beneficiaries primarily related to reinsurance as well as $801 million (including $226 million with affiliates) and $852 million of commitments under equity financing arrangements to certain limited partnership and existing mortgage loan agreements, respectively, at June 30, 2017 . AXA Financial has legally assumed primary liability from AXA Equitable for all current and future liabilities of AXA Equitable under certain employee benefit plans that provide participants with medical, life insurance, and deferred compensation benefits. AXA Equitable remains secondarily liable for its obligations under these plans and would recognize such liability in the event AXA Financial does not perform under the terms of the agreements.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Segment Information	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. Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) Segment revenues: Insurance (1) $ 3,767 $ 3,582 $ 5,160 $ 7,847 Investment Management (2) 813 724 1,569 1,493 Consolidation/elimination (5 ) (7 ) (12 ) (12 ) Total Revenues $ 4,575 $ 4,299 $ 6,717 $ 9,328 (1) Includes investment expenses charged by AB of approximately $13 million, $24 million, $13 million and $25 million for the second quarter and first six months of 2017 and 2016 , respectively, for services provided to the Insurance Segment. (2) Intersegment investment advisory and other fees of approximately $18 million, $36 million, $20 million and $37 million for the second quarter and first six months of 2017 and 2016 , respectively, are included in total revenues of the Investment Management segment. Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) Segment earnings (loss) from continuing operations, before income taxes: Insurance $ 1,628 $ 1,456 $ 904 $ 3,789 Investment Management 168 138 320 307 Consolidation/elimination 1 — — 1 Total Earnings (Loss) from Continuing Operations, before income taxes $ 1,797 $ 1,594 $ 1,224 $ 4,097 June 30, December 31, (In Millions) Segment assets: Insurance $ 201,076 $ 190,583 Investment Management (1) 13,865 13,139 Consolidation/elimination — (3 ) Total Assets $ 214,941 $ 203,719 (1) In accordance with SEC regulations, the assets of the Investment Management segment include securities with a fair value of $ 1,007 million and $893 million which have been segregated in a special reserve bank custody account at June 30, 2017 and December 31, 2016 , respectively, for the exclusive benefit of securities broker-dealer or brokerage customers under the Exchange Act. They also include cash held in several special bank accounts for the exclusive benefit of customers. As of June 30, 2017 and December 31, 2016 , $71 million and $53 million , respectively, of cash were segregated in these bank accounts.

SIGNIFICANT ACCOUNTING POLICI21

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2017
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Accounting for Variable Annuities with GMDB and GMIB Features	Accounting for Variable Annuities with GMDB and GMIB Features Future claims exposure on products with guaranteed minimum death benefit (“GMDB”) and guaranteed minimum income benefit (“GMIB”) features are sensitive to movements in the equity markets and interest rates. The Company has in place various hedging programs utilizing derivatives that are designed to mitigate the impact of movements in equity markets and interest rates. The accounting for these various hedging programs does not qualify for hedge accounting treatment. As a result, changes in the value of the derivatives will be recognized in the period in which they occur while offsetting changes in reserves and deferred policy acquisition costs (“DAC”) will be recognized over time in accordance with policies described in the Company’s Notes to Consolidated Financial Statements for the year ended December 31, 2016 , under “Policyholders’ Account Balances and Future Policy Benefits” and “DAC”. These differences in recognition contribute to earnings volatility. 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. The GMIB reinsurance contracts are accounted for as derivatives and are reported at fair value. Gross reserves for GMIB are calculated 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. 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 and DAC for GMIB are recognized over time in accordance with policies described in the Company’s Notes to Consolidated Financial Statements for the year ended December 31, 2016 under “Policyholders’ Account Balances and Future Policy Benefits” and “DAC”. These differences in recognition contribute to earnings volatility.
Adoption of New Accounting Pronouncements	Adoption of New Accounting Pronouncements In October 2016, the Financial Accounting Standards Board (“FASB”) issued updated guidance on consolidation of interests held through related parties that are under common control, which alters how a decision maker needs to consider indirect interests in a VIE held through an entity under common control. The new guidance amends the recently adopted consolidation guidance analysis. Under the new guidance, if a decision maker is required to evaluate whether it is the primary beneficiary of a VIE, it will need to consider only its proportionate indirect interest in the VIE held through a common control party. The Company adopted the revised guidance effective January 1, 2017. Adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued new guidance simplifying the transition to the equity method of accounting. The amendment eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investments had been held. The Company adopted the revised guidance effective January 1, 2017. Adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued new guidance on improvements to employee share-based payment accounting. The amendment includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements including: income tax effects of share-based payments, minimum statutory tax withholding requirements and forfeitures. The Company adopted the revised guidance effective January 1, 2017. Adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.
Future Adoption of New Accounting Pronouncements	Future Adoption of New Accounting Pronouncements In May 2017, the FASB issued guidance on stock compensation. The new guidance provides clarity and reduces both diversity in practice and cost and complexity when applying the guidance to a change to the terms or conditions of a share based payment award. The new guidance is effective for interim and annual periods beginning after December 15, 2017 with early adoption permitted. The new guidance will be applied prospectively to an award modified on or after the adoption of this guidance. Management is currently evaluating the impact that adoption of this guidance will have on the Company’s consolidated financial statements. In March 2017, the FASB issued guidance that requires certain premiums on callable debt securities to be amortized to the earliest call date. The new guidance will better align interest income recognition with the manner in which market participants price these instruments. The new guidance is effective for interim and annual periods beginning after December 15, 2018 with early adoption permitted and is to be applied on a modified retrospective basis. Management is currently evaluating the impact that adoption of this guidance will have on the Company’s consolidated financial statements. In March 2017, the FASB issued new guidance on the presentation of net periodic pension and post-retirement benefit costs that required bifurcation of net benefit cost. The service cost component will be presented with other employee compensation costs in operating income (or capitalized in assets). The other components will be reported separately outside of operations and will not be eligible for capitalization. The new guidance is effective for interim and annual periods beginning after December 15, 2017 with early adoption permitted and is to be applied retrospectively for changes in the income statement presentation of net benefit cost and prospectively for changes in capitalization eligibility. Management is currently evaluating the impact that adoption of this guidance will have on the Company’s consolidated financial statements. In February 2016, the FASB issued revised guidance to lease accounting. The revised guidance will require lessees to recognize a right-of-use asset and a lease liability for virtually all of their leases. Lessor accounting will continue to be similar to the current model, but updated to align with certain changes to the lessee model. Extensive quantitative and qualitative disclosures, including significant judgments made by management, will be required to provide greater insight into the extent of revenue and expense recognized and expected to be recognized from existing contracts. The revised guidance is effective for interim and annual periods, beginning after December 15, 2018, with early adoption permitted. Management is currently evaluating the impact that adoption of this guidance will have on the Company’s consolidated financial statements. In May 2014, the FASB issued new revenue recognition guidance that is intended to improve and converge the financial reporting requirements for revenue from contracts with customers with International Financial Reporting Standards (“IFRS”). The new guidance applies to contracts that deliver goods or services to a customer, except when those contracts are for: insurance, leases, rights and obligations that are in the scope of certain financial instruments (i.e., derivative contracts) and guarantees other than product or service warranties. The new guidance is effective for interim and annual periods, beginning after December 15, 2017, with early adoption permitted for interim and annual periods beginning after December 15, 2016. The Company has not yet completed this analysis, but based on the analysis completed to date, management does not expect the standard to have a material impact on our financial condition or results of operations.
Consolidation of VIEs	Consolidation of VIEs A VIE must be consolidated by its primary beneficiary, which generally is defined as the party who has a controlling financial interest in the VIE. The Company is deemed to have a controlling financial interest in a VIE if it has (i) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance, and (ii) the obligation to absorb losses of the VIE or the right to receive income from the VIE that potentially could be significant to the VIE. For purposes of evaluating (ii) above, fees paid to the Company as a decision maker or service provider are excluded if the fees are compensation for services provided commensurate with the level of effort required to be performed and the arrangement includes only customary terms, conditions or amounts present in arrangements for similar services negotiated at arm’s length. If the Company has a variable interest in an entity that is determined not to be a VIE, the entity then is evaluated for consolidation under the voting interest entity (“VOE”) model. For limited partnerships and similar entities, the Company is deemed to have a controlling financial interest in a VOE, and would be required to consolidate the entity, if the Company owns a majority of the entity’s kick-out rights through voting limited partnership interests and other limited partners do not hold substantive participating rights (or other rights that would indicate that the Company does not control the entity). For entities other than limited partnerships, the Company is deemed to have a controlling financial interest in a VOE if it owns a majority voting interest in the entity. The analysis performed to identify variable interests held, determine whether entities are VIEs or VOEs, and evaluate whether the Company has a controlling financial interest in such entities requires the exercise of judgment and is updated on a continuous basis as circumstances change or new entities are developed. The primary beneficiary evaluation generally is performed qualitatively based on all facts and circumstances, including consideration of economic interests in the VIE held directly and indirectly through related parties and entities under common control, as well as quantitatively, as appropriate.
Fair Value Measurement	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 uses unadjusted quoted market prices to measure the fair value of 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 internal valuation models. Fair values received from independent valuation service providers and brokers and those internally modeled or otherwise estimated are assessed for reasonableness.

SIGNIFICANT ACCOUNTING POLICI22

SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	The following table presents the effects of the revision to the Company’s previously reported consolidated statements of earnings (loss) and comprehensive income (loss) for the second quarter and first six months ended June 30, 2016 and the statements of equity and statements of cash flows for the first six months ended June 30, 2016 : Three Months Ended Six Months Ended As previously reported Adjustments As Revised As previously reported Adjustments As Revised (In Millions) Statements of Earnings (Loss): Revenues: Universal life and investment-type product policy fee income $ 915 $ (74 ) $ 841 $ 1,816 $ (160 ) $ 1,656 Premiums 121 76 197 247 165 412 Increase (decrease in the fair value of the GMIB reinsurance contract asset 1,104 — 1,104 2,741 (8 ) 2,733 Total Revenues 4,297 2 4,299 9,331 (3 ) 9,328 Benefits and other deductions: Policyholders' benefits 1,276 8 1,284 2,426 (24 ) 2,402 Interest credited to Policyholder's Account Balances 349 (24 ) 325 626 (56 ) 570 Amortization of deferred policy acquisition costs, net (74 ) — (74 ) (84 ) 10 (74 ) Total benefits and other deductions 2,721 (16 ) 2,705 5,301 (70 ) 5,231 Earnings (loss) from operations, before income taxes 1,576 18 1,594 4,030 67 4,097 Income tax (expense) benefit (515 ) (8 ) (523 ) (1,249 ) (25 ) (1,274 ) Net earnings (loss) 1,061 10 1,071 2,781 42 2,823 Less: net (earnings) loss attributable to the noncontrolling interest (92 ) 1 (91 ) (209 ) 1 (208 ) Net Earnings (Loss) Attributable to AXA Equitable $ 969 $ 11 $ 980 $ 2,572 $ 43 $ 2,615 Statements of Comprehensive Income (Loss): Net earnings (loss) $ 1,061 $ 10 $ 1,071 $ 2,781 $ 42 $ 2,823 Comprehensive income (loss) 1,681 10 1,691 4,190 42 4,232 Less: Comprehensive (income) loss attributable to noncontrolling interest $ (89 ) $ 1 $ (88 ) $ (209 ) $ 1 $ (208 ) Comprehensive Income (Loss) Attributable to AXA Equitable $ 1,592 $ 11 $ 1,603 $ 3,981 $ 43 $ 4,024 Six Months Ended As previously reported Adjustments As Revised (In Millions) Statements of Equity: Retained earnings, beginning of year $ 8,958 $ (54 ) $ 8,904 Net earnings (loss) 2,572 43 2,615 Retained earnings, end of period 11,030 (11 ) 11,019 Total AXA Equitable’s equity, end of period 17,987 (11 ) 17,976 Noncontrolling interest, beginning of year 3,086 (27 ) 3,059 Net earnings (loss) attributable to noncontrolling interest 203 1 204 Noncontrolling interest, end of period 3,026 (26 ) 3,000 Total Equity, End of Period $ 21,013 $ (37 ) $ 20,976 Six Months Ended As previously reported Adjustments As Revised (In Millions) Statements of Cash flows: Cash flow from operating activities: Net earnings (loss) $ 2,781 $ 42 $ 2,823 Universal life and investment-type product policy fee income (1,816 ) 160 (1,656 ) Interest credited to policyholders’ account balances 626 (56 ) 570 (Increase) decrease in the fair value of the reinsurance contract asset (2,741 ) 8 (2,733 ) Changes in: — Future policy benefits 1,314 (11 ) 1,303 Reinsurance recoverable (92 ) (178 ) (270 ) Deferred Policy Acquisition costs (84 ) 10 (74 ) Current and deferred income taxes 985 25 1,010 Accounts payable and accrued expenses — — — Other 245 (48 ) 197 Net cash provided by (used in) operating activities $ (337 ) $ (48 ) $ (385 ) Cash flows from financing activities: (Decrease) increase in overdrafts payable — 48 48 Net cash provided by (used in) financing activities $ 4,016 $ 48 $ 4,064 The following table presents the effects of the revision to the Company's previously reported consolidated balance sheets as of December 31, 2016 and 2015: As previously reported Adjustments As Revised December 31, December 31, December 31, 2016 2015 2016 2015 2016 2015 (In Millions) Assets: DAC $ 4,301 $ 4,469 $ (45 ) $ 15 $ 4,256 $ 4,484 Amounts due from reinsurers 4,635 4,466 — 21 4,635 4,487 Guaranteed minimum income benefit 10,309 10,570 — 8 10,309 10,578 Other assets 4,260 4,634 — 13 4,260 4,647 Total Assets $ 203,764 $ 194,626 $ (45 ) $ 57 $ 203,719 $ 194,683 Liabilities: Policyholders' account balance $ 38,782 $ 33,033 $ 60 $ (120 ) $ 38,842 $ 32,913 Future policyholders' benefits and other policyholders' liabilities 25,358 24,531 77 296 25,435 24,827 Current and deferred taxes 3,816 4,647 (63 ) 14 3,753 4,661 Other liabilities 2,108 2,586 — (52 ) 2,108 2,534 Total Liabilities 186,945 177,018 74 138 187,019 177,156 Equity: Retained Earnings 7,983 8,958 (119 ) (54 ) 7,864 8,904 AXA Equitable Equity 13,331 14,509 (119 ) (54 ) 13,212 14,455 Noncontrolling interest 3,085 3,086 — (27 ) 3,085 3,059 Equity 16,416 17,595 (119 ) (81 ) 16,297 17,514 Total Liabilities and Equity $ 203,764 $ 194,626 $ (45 ) $ 57 $ 203,719 $ 194,683 The following table presents the effects of the revision to the Company’s previously reported consolidated statements of earnings (loss), statements comprehensive income (loss), statements of equity and cash flows for the years ended December 31, 2016, 2015 and 2014: As previously reported Adjustments As Revised Year Ended December 31, Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 2016 2015 2014 (In Millions) Statements of Earnings (Loss): Revenues: Universal life and investment-type product policy fee income $ 3,423 $ 3,208 $ 3,115 $ 12 $ 132 $ 66 $ 3,435 $ 3,340 $ 3,181 Premiums 880 854 874 (26 ) (26 ) (27 ) 854 828 847 Increase (decrease in the fair value of the GMIB reinsurance contract asset (261 ) (141 ) 3,964 (8 ) — (2 ) (269 ) (141 ) 3,962 Total Revenues 9,705 9,819 15,640 (22 ) 106 37 9,683 9,925 15,677 Benefits and other deductions: Policyholders' benefits 2,893 2,799 3,708 (65 ) 41 339 2,828 2,840 4,047 Interest credited to Policyholder's Account Balances 1,555 978 1,186 100 (72 ) (109 ) 1,655 906 1,077 Amortization of deferred policy acquisition costs 162 (331 ) (413 ) 60 18 39 222 (313 ) (374 ) Other operating costs and expenses 1,458 1,415 1,692 — 82 (24 ) 1,458 1,497 1,668 Total benefits and other deductions 9,274 8,169 9,525 95 69 245 9,369 8,238 9,770 Earnings (loss) from operations, before income taxes 431 1,650 6,115 (117 ) 37 (208 ) 314 1,687 5,907 Income tax (expense) benefit 113 (186 ) (1,695 ) 79 (11 ) 74 192 (197 ) (1,621 ) Net earnings (loss) 544 1,464 4,420 (38 ) 26 (134 ) 506 1,490 4,286 Less: net (earnings) loss attributable to the noncontrolling interest (469 ) (403 ) (387 ) (27 ) — — (496 ) (403 ) (387 ) Net Earnings (Loss) Attributable to AXA Equitable $ 75 $ 1,061 $ 4,033 $ (65 ) $ 26 $ (134 ) $ 10 $ 1,087 $ 3,899 Statements of Comprehensive Income (Loss): Net earnings (loss) $ 544 $ 1,464 $ 4,420 $ (38 ) $ 26 $ (134 ) $ 506 $ 1,490 $ 4,286 Comprehensive income (loss) 306 554 5,345 (38 ) 26 (134 ) 268 580 5,211 Less: Comprehensive (income) loss attributable to noncontrolling interest (452 ) (388 ) (358 ) (27 ) — — (479 ) (388 ) (358 ) Comprehensive Income (Loss) Attributable to AXA Equitable $ (146 ) $ 166 $ 4,987 $ (65 ) $ 26 $ (134 ) $ (211 ) $ 192 $ 4,853 As previously reported Adjustments As Revised Year Ended December 31, Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 2016 2015 2014 (In Millions) Statements of Equity: Capital in excess of par value, beginning of year $ 5,321 $ 5,957 $ 5,934 $ — $ — $ (26 ) $ 5,321 $ 5,957 $ 5,908 Deferred tax on dividend of AB Units — (35 ) (26 ) — — 26 — (35 ) — Capital in excess of par value, end of year 5,339 5,321 5,957 — — — 5,339 5,321 5,957 Retained earnings, beginning of year $ 8,958 $ 8,809 $ 5,205 $ (54 ) $ (80 ) $ 6 $ 8,904 $ 8,729 $ 5,211 Stockholder dividends (1,050 ) 912 (429 ) — — 48 $ (1,050 ) $ 912 $ (381 ) Net earnings (loss) 75 1,061 4,033 (65 ) 26 (134 ) 10 1,087 3,899 Retained earnings, end of period 7,983 8,958 8,809 (119 ) (54 ) (80 ) 7,864 8,904 8,729 Total AXA Equitable’s equity, end of period 13,331 14,509 15,119 (119 ) (54 ) (80 ) 13,212 14,455 15,039 Noncontrolling interest, beginning of year 3,086 2,989 2,903 (27 ) (27 ) 21 3,059 2,962 2,924 Net earnings (loss) attributable to noncontrolling interest 464 403 387 27 — — 491 403 387 Dividend of AB Units by AXA Equitable to AXA Financial — 145 48 — — (48 ) — 145 — Noncontrolling interest, end of year 3,085 3,086 2,989 — (27 ) (27 ) 3,085 3,059 2,962 Total Equity, End of Period $ 16,416 $ 17,595 $ 18,108 $ (119 ) $ (81 ) $ (107 ) $ 16,297 $ 17,514 $ 18,001 Statements of Cash flows: Cash flow from operating activities: Net earnings (loss) $ 544 $ 1,464 $ 4,420 $ (38 ) $ 26 $ (134 ) $ 506 $ 1,490 $ 4,286 Universal life and investment-type product policy fee income (3,423 ) (3,208 ) (3,115 ) (12 ) (132 ) (66 ) (3,435 ) (3,340 ) (3,181 ) Interest credited to policyholders’ account balances 1,555 978 1,186 100 (72 ) (109 ) 1,655 906 1,077 (Increase) decrease in the fair value of the reinsurance contract asset 261 141 (3,964 ) 8 — 2 269 141 (3,962 ) Amortization of deferred cost of reinsurance asset 159 39 302 — 82 (24 ) 159 121 278 Changes in: Future policy benefits 783 934 1,647 (65 ) 41 339 718 1,001 2,013 Deferred Policy Acquisition costs 162 (331 ) (413 ) 60 18 39 222 (313 ) (374 ) Current and deferred income taxes (771 ) 258 1,448 (79 ) 11 (74 ) (850 ) 269 1,374 Other 31 111 (98 ) — 82 39 31 193 (59 ) Net cash provided by (used in) operating activities $ (461 ) $ (244 ) $ (639 ) $ (26 ) $ 82 $ 39 $ (487 ) $ (162 ) $ (600 ) Cash flows from financing activities: Policyholders' accounts balance deposits $ 9,342 $ 5,757 $ 6,011 $ 404 $ 484 $ 494 $ 9,746 $ 6,241 $ 6,505 Policyholders' accounts balance transfer (to) from Separate Accounts 1,606 1,045 815 (404 ) (484 ) (494 ) 1,202 561 321 (Decrease) increase in overdrafts payable (85 ) — — — (82 ) (39 ) (85 ) (82 ) (39 ) As previously reported Adjustments As Revised Year Ended December 31, Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 2016 2015 2014 (In Millions) Net cash provided by (used in) financing activities $ 5,751 $ 3,034 $ 3,843 $ — $ (82 ) $ (39 ) $ 5,751 $ 2,952 $ 3,804

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities by Classification	The following table provides information relating to fixed maturities and equity securities classified as AFS: Available-for-Sale Securities by Classification Amortized Gross Unrealized Gross Unrealized Fair OTTI (3) (In Millions) June 30, 2017: Fixed Maturity Securities: Public corporate $ 12,530 $ 745 $ 45 $ 13,230 $ — Private corporate 7,075 256 44 7,287 — U.S. Treasury, government and agency 10,756 479 386 10,849 — States and political subdivisions 419 66 1 484 — Foreign governments 343 30 6 367 — Commercial mortgage-backed 329 10 36 303 4 Residential mortgage-backed (1) 264 17 — 281 — Asset-backed (2) 38 3 1 40 3 Redeemable preferred stock 485 53 1 537 — Total Fixed Maturities 32,239 1,659 520 33,378 7 Equity securities 132 — — 132 — Total at June 30, 2017 $ 32,371 $ 1,659 $ 520 $ 33,510 $ 7 December 31, 2016: Fixed Maturity Securities: Public corporate $ 12,418 $ 675 $ 81 $ 13,012 $ — Private corporate 6,880 215 55 7,040 — U.S. Treasury, government and agency 10,739 221 624 10,336 — States and political subdivisions 432 63 2 493 — Foreign governments 375 29 14 390 — Commercial mortgage-backed 415 28 72 371 7 Residential mortgage-backed (1) 294 20 — 314 — Asset-backed (2) 51 10 1 60 3 Redeemable preferred stock 519 45 10 554 — Total Fixed Maturities 32,123 1,306 859 32,570 10 Equity securities 113 — — 113 — Total at December 31, 2016 $ 32,236 $ 1,306 $ 859 $ 32,683 $ 10 (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.
Available-for-sale Securities Fixed Maturities Contractual Maturities	The contractual maturities of AFS fixed maturities at June 30, 2017 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, 2017 Amortized Cost Fair Value (In Millions) Due in one year or less $ 1,778 $ 1,801 Due in years two through five 7,379 7,733 Due in years six through ten 9,315 9,557 Due after ten years 12,651 13,126 Subtotal 31,123 32,217 Commercial mortgage-backed securities 329 303 Residential mortgage-backed securities 264 281 Asset-backed securities 38 40 Redeemable preferred stock 485 537 Total $ 32,239 $ 33,378
Proceeds from Sales, Gross Gains (Losses) and OTTI for AFS Fixed Maturities	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 2017 and 2016 : Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) Proceeds from sales $ 121 $ 1,397 $ 535 $ 1,786 Gross gains on sales $ 10 $ 66 $ 29 $ 85 Gross losses on sales $ (7 ) $ (25 ) $ (27 ) $ (46 ) Total OTTI $ (13 ) $ (8 ) $ (13 ) $ (25 ) Non-credit losses recognized in OCI — — — — Credit losses recognized in earnings (loss) $ (13 ) $ (8 ) $ (13 ) $ (25 )
Fixed Maturities - Credit Loss Impairments	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, 2017 2016 2017 2016 (In Millions) Balances, beginning of period $ (147 ) $ (181 ) $ (190 ) $ (198 ) Previously recognized impairments on securities that matured, paid, prepaid or sold 45 23 88 57 Recognized impairments on securities impaired to fair value this period (1) — — — (17 ) Impairments recognized this period on securities not previously impaired (13 ) (8 ) (13 ) (8 ) Additional impairments this period on securities previously impaired — — — — 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, $ (115 ) $ (166 ) $ (115 ) $ (166 ) (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 Gain (Loss) on Fixed Maturities and Equity Securities Included in AOCI	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, 2016 (In Millions) AFS Securities: Fixed maturities: With OTTI loss $ (6 ) $ 19 All other 1,145 428 Equity securities — — Net Unrealized Gains (Losses) $ 1,139 $ 447
Net Unrealized Gain (Losses) on Fixed Maturities with OTTI Losses	The tables that follow below present a roll-forward 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 amounts: Net Unrealized Gains (Losses) on Fixed Maturities with OTTI Losses Net DAC Policyholders’ Deferred AOCI Gain (In Millions) Balance, April 1, 2017 $ 20 $ — $ (5 ) $ (5 ) $ 10 Net investment gains (losses) arising during the period (44 ) — — — (44 ) Reclassification adjustment: Included in Net earnings (loss) 18 — — — 18 Excluded from Net earnings (loss) — — — — — Impact of net unrealized investment gains (losses) on: DAC — 2 — — 2 Deferred income taxes — — — 6 6 Policyholders’ liabilities — — 6 — 6 Balance, June 30, 2017 $ (6 ) $ 2 $ 1 $ 1 $ (2 ) Balance, April 1, 2016 $ 9 $ — $ — $ (4 ) $ 5 Net investment gains (losses) arising during the period (17 ) — — — (17 ) Reclassification adjustment: Included in Net earnings (loss) 23 — — — 23 Excluded from Net earnings (loss) — — — — — Impact of net unrealized investment gains (losses) on: DAC — — — — — Deferred income taxes — — — (2 ) (2 ) Policyholders’ liabilities — — — — — Balance, June 30, 2016 $ 15 $ — $ — $ (6 ) $ 9 Net DAC Policyholders’ Deferred AOCI Gain (In Millions) Balance, January 1, 2017 $ 19 $ (1 ) $ (10 ) $ (3 ) $ 5 Net investment gains (losses) arising during the period 5 — — — 5 Reclassification adjustment for OTTI losses: Included in Net earnings (loss) (30 ) — — — (30 ) Excluded from Net earnings (loss) — — — — — Impact of net unrealized investment gains (losses) on: DAC — 3 — — 3 Deferred income taxes — — — 4 4 Policyholders’ liabilities — — 11 — 11 Balance, June 30, 2017 $ (6 ) $ 2 $ 1 $ 1 $ (2 ) Balance, January 1, 2016 $ 16 $ — $ (4 ) $ (5 ) $ 7 Net investment gains (losses) arising during the period (7 ) — — — (7 ) Reclassification adjustment for OTTI losses: Included in Net earnings (loss) 6 — — — 6 Excluded from Net earnings (loss) — — — — — Impact of net unrealized investment gains (losses) on: DAC — — — — — Deferred income taxes — — — (1 ) (1 ) Policyholders’ liabilities — — 4 — 4 Balance, June 30, 2016 $ 15 $ — $ — $ (6 ) $ 9
All Other Net Unrealized Investment Gains (Losses) in AOCI	All Other Net Unrealized Investment Gains (Losses) in AOCI Net DAC Policyholders’ Deferred AOCI Gain (In Millions) Balance, April 1, 2017 $ 606 $ (108 ) $ (135 ) $ (127 ) $ 236 Net investment gains (losses) arising during the period 524 — — — 524 Reclassification adjustment: Included in Net earnings (loss) 15 — — — 15 Excluded from Net earnings (loss) (1) — — — — — Impact of net unrealized investment gains (losses) on: DAC — (33 ) — — (33 ) Deferred income taxes — — — (162 ) (162 ) Policyholders’ liabilities — — (41 ) — (41 ) Balance, June 30, 2017 $ 1,145 $ (141 ) $ (176 ) $ (289 ) $ 539 Balance, April 1, 2016 $ 1,975 $ (57 ) $ (306 ) $ (565 ) $ 1,047 Net investment gains (losses) arising during the period 1,172 — — — 1,172 Reclassification adjustment: Included in Net earnings (loss) (45 ) — — — (45 ) Excluded from Net earnings (loss) (1) (23 ) — — — (23 ) Impact of net unrealized investment gains (losses) on: DAC — (82 ) — — (82 ) Deferred income taxes — — — (321 ) (321 ) Policyholders’ liabilities — — (105 ) — (105 ) Balance, June 30, 2016 $ 3,079 $ (139 ) $ (411 ) $ (886 ) $ 1,643 Net DAC Policyholders’ Deferred AOCI Gain (In Millions) Balance, January 1, 2017 $ 428 $ (87 ) $ (189 ) $ (53 ) $ 99 Net investment gains (losses) arising during the period 690 — — — 690 Reclassification adjustment for OTTI losses: Included in Net earnings (loss) 27 — — — 27 Excluded from Net earnings (loss) (1) — — — — — Impact of net unrealized investment gains (losses) on: DAC — (54 ) — — (54 ) Deferred income taxes — — — (236 ) (236 ) Policyholders’ liabilities — — 13 — 13 Balance, June 30, 2017 $ 1,145 $ (141 ) $ (176 ) $ (289 ) $ 539 Balance, January 1, 2016 $ 674 $ (82 ) $ (213 ) $ (133 ) $ 246 Net investment gains (losses) arising during the period 2,434 — — — 2,434 Reclassification adjustment for OTTI losses: Included in Net earnings (loss) (29 ) — — — (29 ) Excluded from Net earnings (loss) (1) — — — — — Impact of net unrealized investment gains (losses) on: DAC — (57 ) — — (57 ) Deferred income taxes — — — (753 ) (753 ) Policyholders’ liabilities — — (198 ) — (198 ) Balance, June 30, 2016 $ 3,079 $ (139 ) $ (411 ) $ (886 ) $ 1,643 (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.
Schedule of Gross Unrealized Loss on Investments	The following tables disclose the fair values and gross unrealized losses of the 634 issues at June 30, 2017 and the 794 issues at December 31, 2016 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, 2017: Fixed Maturity Securities: Public corporate $ 2,032 $ 40 $ 149 $ 5 $ 2,181 $ 45 Private corporate 1,108 26 155 18 1,263 44 U.S. Treasury, government and agency 5,153 386 — — 5,153 386 States and political subdivisions — — 19 1 19 1 Foreign governments 46 1 35 5 81 6 Commercial mortgage-backed 39 5 171 31 210 36 Residential mortgage-backed 13 — 19 — 32 — Asset-backed 3 — 8 1 11 1 Redeemable preferred stock 8 — 12 1 20 1 Total $ 8,402 $ 458 $ 568 $ 62 $ 8,970 $ 520 December 31, 2016: Fixed Maturity Securities: Public corporate $ 2,455 $ 75 $ 113 $ 6 $ 2,568 $ 81 Private corporate 1,483 38 277 17 1,760 55 U.S. Treasury, government and agency 5,356 624 — — 5,356 624 States and political subdivisions — — 18 2 18 2 Foreign governments 73 3 49 11 122 14 Commercial mortgage-backed 66 5 171 67 237 72 Residential mortgage-backed 47 — 4 — 51 — Asset-backed 4 — 8 1 12 1 Redeemable preferred stock 218 9 12 1 230 10 Total $ 9,702 $ 754 $ 652 $ 105 $ 10,354 $ 859
Net Investment Income (Loss) from Trading Securities	The table below shows a breakdown of Net investment income from trading account securities during the second quarter and first six months of 2017 and 2016 : Net investment income (loss) from trading securities Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) Net investment gains (losses) recognized during the period on securities held at the end of the period $ 57 $ 55 $ 108 $ 119 Net investment gains (losses) recognized on securities sold during the period 23 (4 ) 25 (10 ) Unrealized and realized gains (losses) on trading securities arising during the period 80 51 133 109 Interest and dividend income from trading securities 49 29 89 48 Net investment income (loss) from trading securities $ 129 $ 80 $ 222 $ 157
Troubled Debt Restructurings - Modifications
Valuation Allowance for Mortgage Loans	Allowance for credit losses for commercial mortgage loans for the first six months of 2017 and 2016 was as follows: 2017 2016 Allowance for credit losses: (In Millions) Beginning balance, January 1, $ 8 $ 6 Charge-offs — — Recoveries — — Provision — 1 Ending balance, June 30, $ 8 $ 7 June 30, Individually Evaluated for Impairment $ 8 $ 7
Mortgage Loans by Loan-To-Value and Debt Service Coverage Ratios	The following tables provide information relating to the loan-to-value and debt service coverage ratios for commercial and agricultural mortgage loans at June 30, 2017 and December 31, 2016 , before adjustments for valuation allowance. 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, 2017 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% $ 681 $ 45 $ 321 $ 74 $ — $ — $ 1,121 50% - 70% 3,977 518 695 840 — — 6,030 70% - 90% 249 22 256 104 96 — 727 90% plus — — 27 — — — 27 Total Commercial Mortgage Loans $ 4,907 $ 585 $ 1,299 $ 1,018 $ 96 $ — $ 7,905 Agricultural Mortgage Loans (1) 0% - 50% $ 255 $ 142 $ 301 $ 501 $ 285 $ 53 $ 1,537 50% - 70% 125 56 212 321 213 38 965 70% - 90% — — — 4 — — 4 90% plus — — — — — — — Total Agricultural Mortgage Loans $ 380 $ 198 $ 513 $ 826 $ 498 $ 91 $ 2,506 Total Mortgage Loans (1) 0% - 50% $ 936 $ 187 $ 622 $ 575 $ 285 $ 53 $ 2,658 50% - 70% 4,102 574 907 1,161 213 38 6,995 70% - 90% 249 22 256 108 96 — 731 90% plus — — 27 — — — 27 Total Mortgage Loans $ 5,287 $ 783 $ 1,812 $ 1,844 $ 594 $ 91 $ 10,411 (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. Mortgage Loans by Loan-to-Value and Debt Service Coverage Ratios December 31, 2016 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 to1.5x 1.0x to 1.2x Less than 1.0x Total Mortgage Loans (In Millions) Commercial Mortgage Loans (1) 0% - 50% $ 738 $ 95 $ 59 $ 56 $ — $ — $ 948 50% - 70% 3,217 430 673 1,100 76 — 5,496 70% - 90% 282 65 229 127 28 46 777 90% plus — — 28 15 — — 43 Total Commercial Mortgage Loans $ 4,237 $ 590 $ 989 $ 1,298 $ 104 $ 46 $ 7,264 Agricultural Mortgage Loans (1) 0% - 50% $ 254 $ 138 $ 296 $ 468 $ 286 $ 49 $ 1,491 50% - 70% 141 57 209 333 219 45 1,004 70% - 90% — — 2 4 — — 6 90% plus — — — — — — — Total Agricultural Mortgage Loans $ 395 $ 195 $ 507 $ 805 $ 505 $ 94 $ 2,501 Total Mortgage Loans (1) 0% - 50% $ 992 $ 233 $ 355 $ 524 $ 286 $ 49 $ 2,439 50% - 70% 3,358 487 882 1,433 295 45 6,500 70% - 90% 282 65 231 131 28 46 783 90% plus — — 28 15 — — 43 Total Mortgage Loans $ 4,632 $ 785 $ 1,496 $ 2,103 $ 609 $ 140 $ 9,765 (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.
Age Analysis of Past Due Mortgage Loans	The following table provides information relating to the aging analysis of past due mortgage loans at June 30, 2017 and December 31, 2016 , respectively, before adjustments for valuation allowance. 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 or > and Accruing (In Millions) June 30, 2017 Commercial $ — $ — $ — $ — $ 7,905 $ 7,905 $ — Agricultural 37 6 19 62 2,444 2,506 19 Total Mortgage Loans $ 37 $ 6 $ 19 $ 62 $ 10,349 $ 10,411 $ 19 December 31, 2016 Commercial $ — $ — $ — $ — $ 7,264 $ 7,264 $ — Agricultural 9 2 6 17 2,484 2,501 6 Total Mortgage Loans $ 9 $ 2 $ 6 $ 17 $ 9,748 $ 9,765 $ 6
Impaired Mortgage Loans	The following table provides information regarding impaired mortgage loans at June 30, 2017 and December 31, 2016 , respectively. Impaired Mortgage Loans Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment (1) Interest Income Recognized (In Millions) June 30, 2017: With no related allowance recorded: Commercial mortgage loans - other $ — $ — $ — $ — $ — Agricultural mortgage loans — — — — — Total $ — $ — $ — $ — $ — With related allowance recorded: Commercial mortgage loans - other $ 27 $ 27 $ (8 ) $ 27 $ 1 Agricultural mortgage loans — — — — — Total $ 27 $ 27 $ (8 ) $ 27 $ 1 December 31, 2016: With no related allowance recorded: Commercial mortgage loans - other $ 15 $ 15 $ — $ 22 $ — Agricultural mortgage loans — — — — — Total $ 15 $ 15 $ — $ 22 $ — With related allowance recorded: Commercial mortgage loans - other $ 27 $ 27 $ (8 ) $ 48 $ 2 Agricultural mortgage loans — — — — — Total $ 27 $ 27 $ (8 ) $ 48 $ 2 (1) Represents a three-quarter average of recorded amortized cost.
Derivative Instruments by Category	The tables below present quantitative disclosures about the Company’s derivative instruments, including those embedded in other contracts required to be accounted for as derivative instruments. Derivative Instruments by Category At June 30, 2017 Gains (Losses) Fair Value Notional Amount Asset Derivatives Liability Derivatives (In Millions) Freestanding derivatives: Equity contracts: (1) Futures $ 4,542 $ 1 $ 1 $ (328 ) Swaps 4,162 7 128 (403 ) Options 13,844 2,446 1,197 477 Interest rate contracts: (1) Floors — — — — Swaps 18,865 405 195 452 Futures 8,218 — — 22 Credit contracts: (1) Credit default swaps 3,300 33 13 9 Other freestanding contracts: (1) Foreign currency contracts 1,237 33 11 (1 ) Margin — 57 — — Collateral — 2 1,475 — Net investment income (loss) 228 Embedded derivatives: GMIB reinsurance contracts — 11,290 — 981 GIB and GWBL and Other Features (2) — — 121 (43 ) SCS, SIO, MSO and IUL indexed features (3) — — 1,169 (480 ) Total $ 54,168 $ 14,274 $ 4,310 $ 686 (1) Reported in Other invested assets in the consolidated balance sheets. (2) Reported in Future policy benefits and other policyholders’ liabilities in the consolidated balance sheets. (3) SCS and SIO indexed features are reported in Policyholders’ account balances; MSO and IUL indexed features are reported in Future policyholders’ benefits and other policyholders’ liabilities in the consolidated balance sheets. At December 31, 2016 Gains (Losses) Fair Value Notional Amount Asset Derivatives Liability Derivatives (In Millions) Freestanding derivatives: Equity contracts: (1) Futures $ 5,086 $ 1 $ 1 $ (264 ) Swaps 3,529 13 67 (39 ) Options 11,465 2,114 1,154 135 Interest rate contracts: (1) Floors 1,500 11 — 6 Swaps 18,933 246 1,163 1,573 Futures 6,926 — — (57 ) Swaptions — — — — Credit contracts: (1) Credit default swaps 2,757 20 15 — Other freestanding contracts: (1) Foreign currency contracts 730 52 6 (8 ) Margin 107 6 — Collateral 712 748 — Net investment income (loss) 1,346 Embedded derivatives: GMIB reinsurance contracts — 10,309 — 2,741 GIB and GWBL and Other Features (2) — — 164 146 SCS, SIO, MSO and IUL indexed features (3) — — 887 (131 ) Total $ 50,926 $ 13,585 $ 4,211 $ 4,102 (1) Reported in Other invested assets in the consolidated balance sheets. (2) Reported in Future policy benefits and other policyholders’ liabilities in the consolidated balance sheets. (3) SCS and SIO indexed features are reported in Policyholders’ account balances; MSO and IUL indexed features are reported in Future policyholders’ benefits and other policyholders’ liabilities in the consolidated balance sheets
Offsetting Financial Assets and Liabilities and Derivative Instruments	(2) Excludes expense accrual of $ 6 million in securities sold under agreement to repurchase. The following table presents information about the Insurance segment’s offsetting financial assets and liabilities and derivative instruments at December 31, 2016 . Offsetting Financial Assets and Liabilities and Derivative Instruments At December 31, 2016 Gross Amounts Recognized Gross Amounts Offset in the Balance Sheets Net Amounts Presented in the Balance Sheets (In Millions) ASSETS (1) Description Derivatives: Equity contracts $ 2,128 $ 1,219 $ 909 Interest rate contracts 253 1,162 (909 ) Credit contracts 20 14 6 Currency 48 1 47 Margin 107 6 101 Collateral 712 747 (35 ) Total Derivatives, subject to an ISDA Master Agreement 3,268 3,149 119 Total Derivatives, not subject to an ISDA Master Agreement 4 — 4 Total Derivatives 3,272 3,149 123 Other financial instruments 2,063 — 2,063 Other invested assets $ 5,335 $ 3,149 $ 2,186 Securities purchased under agreement to resell $ — $ — $ — LIABILITIES (2) Description Derivatives: Equity contracts $ 1,219 $ 1,219 $ — Interest rate contracts 1,162 1,162 — Credit contracts 14 14 — Currency 1 1 — Margin 6 6 — Collateral 747 747 — Total Derivatives, subject to an ISDA Master Agreement 3,149 3,149 — Total Derivatives, not subject to an ISDA Master Agreement — — — Total Derivatives 3,149 3,149 — Other financial liabilities 2,108 — 2,108 Other liabilities $ 5,257 $ 3,149 $ 2,108 Securities sold under agreement to repurchase (3) $ 1,992 $ — $ 1,992 (1) Excludes Investment Management segment’s $13 million net derivative assets (including derivative assets of consolidated VIEs), $3 million long exchange traded options and $83 million of securities borrowed. (2) Excludes Investment Management segment’s $11 million net derivative liabilities (including derivative liabilities of consolidated VIEs), $1 million short exchange traded options and $10 million of securities loaned. (3) Excludes expense of $ 4 million in securities sold under agreement to repurchase. The following table presents information about the Insurance Segment’s offsetting of financial assets and liabilities and derivative instruments at June 30, 2017 . Offsetting Financial Assets and Liabilities and Derivative Instruments At June 30, 2017 Gross Amounts Recognized Gross Amounts Offset in the Balance Sheets Net Amounts Presented in the Balance Sheets (In Millions) ASSETS (1) Description Derivatives: Equity contracts $ 2,453 $ 1,325 $ 1,128 Interest rate contracts 404 194 210 Credit contracts 32 13 19 Currency 27 6 21 Margin 57 — 57 Collateral 2 1,475 (1,473 ) Total Derivatives, subject to an ISDA Master Agreement 2,975 3,013 (38 ) Total Derivatives, not subject to an ISDA Master Agreement — — — Total Derivatives 2,975 3,013 (38 ) Other financial instruments 2,660 — 2,660 Other invested assets $ 5,635 $ 3,013 $ 2,622 Securities purchased under agreement to resell $ — $ — $ — LIABILITIES (2) Description Derivatives: Equity contracts $ 1,325 $ 1,325 $ — Interest rate contracts 194 194 — Credit contracts 13 13 — Currency 6 6 — Margin — — — Collateral 1,475 1,475 — Total Derivatives, subject to an ISDA Master Agreement 3,013 3,013 — Total Derivatives, not subject to an ISDA Master Agreement — — — Total Derivatives 3,013 3,013 — Other financial liabilities 2,531 — 2,531 Other liabilities $ 5,544 $ 3,013 $ 2,531 Securities sold under agreement to repurchase (3) $ 1,791 $ — $ 1,791 (1) Excludes Investment Management segment’s $ 22 million net derivative assets (including derivative assets of consolidated VIEs), $ 8 million long exchange traded options and $ 55 million of securities borrowed. (2) Excludes Investment Management segment’s $ 11 million net derivative liabilities (including derivative liabilities of consolidated VIEs), $ 8 million short exchange traded options and $ 29 million of securities loaned. (3) Excludes expense of $ 6 million in securities sold under agreement to repurchase.
Gross Collateral Amounts Not Offset in Consolidated Balance Sheets	The following table presents information about the Insurance segment’s gross collateral amounts that are not offset in the consolidated balance sheets at June 30, 2017 . Gross Collateral Amounts Not Offset in the Consolidated Balance Sheets At June 30, 2017 Net Amounts Presented in the Balance Sheets Collateral (Received)/Held Financial Instruments Cash Net Amounts (In Millions) ASSETS: (1) Counterparty A $ 49 $ — $ (50 ) $ (1 ) Counterparty B (1 ) — 2 1 Counterparty C 94 — (94 ) — Counterparty D 176 — (178 ) (2 ) Counterparty E 33 — (38 ) (5 ) Counterparty F 103 — (114 ) (11 ) Counterparty G 282 — (290 ) (8 ) Counterparty H 223 — (225 ) (2 ) Counterparty I 43 — (53 ) (10 ) Counterparty J (50 ) — 53 3 Counterparty K 105 — (116 ) (11 ) Counterparty L 3 — (7 ) (4 ) Counterparty M 124 — (117 ) 7 Counterparty N — — — — Counterparty Q 13 — (12 ) 1 Counterparty T 24 — (24 ) — Counterparty U 30 — (27 ) 3 Counterparty V 127 — (126 ) $ 1 Total derivatives $ 1,378 $ — $ (1,416 ) $ (38 ) Other financial instruments 1,244 — — 1,244 Other invested assets $ 2,622 $ — $ (1,416 ) $ 1,206 Securities purchased under agreement to resell $ — $ — $ — $ — LIABILITIES: (2) Counterparty D $ 972 $ (1,076 ) $ — $ (104 ) Counterparty M 191 (234 ) — (43 ) Counterparty W 628 (641 ) — (13 ) Securities sold under agreement to repurchase (3) $ 1,791 $ (1,951 ) $ — $ (160 ) (1) Excludes Investment Management segment’s cash collateral received of $ 0 million related to derivative assets (including those related to derivative assets of consolidated VIEs) and $ 55 million related to securities borrowed. (2) Excludes Investment Management segment’s cash collateral pledged of $ 8 million related to derivative liabilities (including those related to derivative liabilities of consolidated VIEs) and $ 29 million of securities loaned. (3) Excludes expense of $ 6 million in securities sold under agreement to repurchase. The following table presents information about the Insurance segment’s gross collateral amounts that are not offset in the consolidated balance sheets at December 31, 2016 . Gross Collateral Amounts Not Offset in the Consolidated Balance Sheets At December 31, 2016 Net Amounts Presented in the Balance Sheets Collateral (Received)/Held Financial Instruments Cash Net Amounts (In Millions) ASSETS: (1) Counterparty A $ 46 $ — $ (48 ) $ (2 ) Counterparty B (128 ) — 132 4 Counterparty C (116 ) — 138 22 Counterparty D 182 — (176 ) 6 Counterparty E (65 ) — 83 18 Counterparty F (3 ) — 16 13 Counterparty G 219 — (214 ) 5 Counterparty H 104 — (110 ) (6 ) Counterparty I (188 ) — 203 15 Counterparty J (93 ) — 115 22 Counterparty K 92 — (96 ) (4 ) Counterparty L (3 ) — 3 — Counterparty M (105 ) — 120 15 Counterparty N 4 — — 4 Counterparty Q 10 — (11 ) (1 ) Counterparty T — — 2 2 Counterparty U 1 — 10 11 Counterparty V 96 — (101 ) (5 ) Total Derivatives $ 53 $ — $ 66 $ 119 Other financial instruments 2,067 — — 2,067 Other invested assets $ 2,120 $ — $ 66 $ 2,186 Counterparty M $ — $ — $ — $ — Counterparty V — — — — Securities purchased under agreement to resell $ — $ — $ — $ — LIABILITIES (2) Counterparty D $ 767 $ (767 ) $ — $ — Counterparty M 410 (410 ) — — Counterparty C 302 (296 ) (2 ) 4 Counterparty W 513 (513 ) — — Securities sold under agreement to repurchase (3) $ 1,992 $ (1,986 ) $ (2 ) $ 4 (1) Excludes Investment Management segment’s cash collateral received of $1 million related to derivative assets (including those related to derivative assets of consolidated VIEs) and $83 million related to securities borrowed. (2) Excludes Investment Management segment’s cash collateral pledged of $8 million related to derivative liabilities (including those related to derivative liabilities of consolidated VIEs). (3) Excludes expense of $ 4 million in securities sold under agreement to repurchase.
Repurchase Agreements Accounted for as Secured Borrowings	The following table presents information about repurchase agreements accounted for as secured borrowings in the consolidated balance sheets at June 30, 2017 . Repurchase Agreement Accounted for as Secured Borrowings (1) At June 30, 2017 Remaining Contractual Maturity of the Agreements Overnight and Continuous Up to 30 days 30–90 days Greater Than 90 days Total (In Millions) Securities sold under agreement to repurchase (2) U.S. Treasury and agency securities $ — $ 1,791 $ — $ — $ 1,791 Total $ — $ 1,791 $ — $ — $ 1,791 Securities purchased under agreement to resell Corporate securities $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — (1) Excludes Investment Management segment’s $ 55 million of securities borrowed. (2) Excludes expense accrual of $ 6 million in securities sold under agreement to repurchase. The following table presents information about repurchase agreements accounted for as secured borrowings in the consolidated balance sheets at December 31, 2016 . Repurchase Agreement Accounted for as Secured Borrowings (1) At December 31, 2016 Remaining Contractual Maturity of the Agreements Overnight and Continuous Up to 30 days 30–90 days Greater Than 90 days Total (In Millions) Securities sold under agreement to repurchase (2) U.S. Treasury and agency securities $ — $ 1,992 $ — $ — $ 1,992 Total $ — $ 1,992 $ — $ — $ 1,992 (1) Excludes Investment Management segment’s $ 83 million of securities borrowed. (2) Excludes expense of $ 4 million in securities sold under agreement to repurchase

CLOSED BLOCK (Tables)

CLOSED BLOCK (Tables)	6 Months Ended
	Jun. 30, 2017
Closed Block Disclosure [Abstract]
Summarized Financial Information for Closed Blocks	Summarized financial information for the Closed Block follows: June 30, December 31, (In Millions) CLOSED BLOCK LIABILITIES: Future policy benefits, policyholders’ account balances and other $ 7,067 $ 7,179 Policyholder dividend obligation 47 52 Other liabilities 204 43 Total Closed Block liabilities 7,318 7,274 ASSETS DESIGNATED TO THE CLOSED BLOCK: Fixed maturities, available for sale, at fair value (amortized cost of $4,092 and $3,884) 4,267 4,025 Mortgage loans on real estate 1,791 1,623 Policy loans 805 839 Cash and other invested assets 136 444 Other assets 173 181 Total assets designated to the Closed Block 7,172 7,112 Excess of Closed Block liabilities over assets designated to the Closed Block 146 162 Amounts included in accumulated other comprehensive income (loss): Net unrealized investment gains (losses), net of policyholder dividend obligation of $(47) and $(52) 139 100 Maximum Future Earnings To Be Recognized From Closed Block Assets and Liabilities $ 285 $ 262
Closed Block Revenues and Expenses	Closed Block revenues and expenses were as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) REVENUES: Premiums and other income $ 57 $ 60 $ 115 $ 122 Net investment income (loss) 79 84 162 174 Net investment gains (losses) (1 ) — (16 ) 1 Total revenues 135 144 261 297 BENEFITS AND OTHER DEDUCTIONS: Policyholders’ benefits and dividends 129 138 284 273 Other operating costs and expenses 1 1 1 2 Total benefits and other deductions 130 139 285 275 Net revenues (loss) before income taxes 5 5 (24 ) 22 Income tax (expense) benefit (2 ) 3 8 (8 ) Net Revenues (Losses) $ 3 $ 8 $ (16 ) $ 14
Reconciliation of Policy Holder Dividend Obligation	Reconciliation of the policyholder dividend obligation follows: Six Months Ended June 30, 2017 2016 (In Millions) Balances, beginning of year $ 52 $ 81 Unrealized investment gains (losses), net of DAC (5 ) 140 Balances, End of Period $ 47 $ 221

GMDB, GMIB, GIB, GWBL AND OTH25

GMDB, GMIB, GIB, GWBL AND OTHER FEATURES AND NO LAPSE GUARANTEE FEATURES (Tables)	6 Months Ended
	Jun. 30, 2017
Variable Annuity Contracts-GMDB GMIB And GWBL [Abstract]
GMDB and GMIB Liabilities and Other Policyholder's Liabilities	The following table summarizes the GMDB and GMIB liabilities, before reinsurance ceded, reflected in the Balance Sheet in future policy benefits and other policyholders’ liabilities: GMDB GMIB Total (In Millions) Balance at January 1, 2017 $ 3,212 $ 5,577 $ 8,789 Paid guarantee benefits (189 ) (79 ) (268 ) Other changes in reserve 651 872 1,523 Balance at June 30, 2017 $ 3,674 $ 6,370 $ 10,044 Balance at January 1, 2016 $ 2,986 $ 5,297 $ 8,283 Paid guarantee benefits (195 ) (218 ) (413 ) Other changes in reserve 361 1,080 1,441 Balance at June 30, 2016 $ 3,152 $ 6,159 $ 9,311
GMDB Reinsurance Ceded	Related GMDB reinsurance ceded amounts were: Six Months Ended June 30, 2017 2016 (In Millions) Balance, beginning of year $ 1,558 $ 1,430 Paid guarantee benefits (91 ) (92 ) Other changes in reserve 366 192 Balance, End of Period $ 1,833 $ 1,530
Variable Annuity Contracts with GMDB and GMIB Features	The June 30, 2017 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 $ 13,799 $ 115 $ 68 $ 213 $ 14,195 Separate Accounts $ 43,056 $ 9,232 $ 3,441 $ 34,783 $ 90,512 Net amount at risk, gross $ 190 $ 79 $ 2,127 $ 16,079 $ 18,475 Net amount at risk, net of amounts reinsured $ 190 $ 55 $ 1,452 $ 6,769 $ 8,466 Average attained age of contractholders 51.3 66.1 72.6 67.9 55.1 Percentage of contractholders over age 70 9.5 % 38.5 % 61.7 % 44.7 % 17.7 % 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 $ 28 $ 309 $ 337 Separate Accounts N/A N/A $ 19,636 $ 40,309 $ 59,945 Net amount at risk, gross N/A N/A $ 1,026 $ 6,844 $ 7,870 Net amount at risk, net of amounts reinsured N/A N/A $ 318 $ 1,702 $ 2,020 Weighted average years remaining until annuitization N/A N/A 1.7 1.0 1.1 Range of contractually specified interest rates N/A N/A 3%-6% 3%-6.5% 3%-6.5%
Investment in Variable Insurance Trust Mutual Funds	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, (In Millions) GMDB: Equity $ 73,817 $ 69,625 Fixed income 2,334 2,483 Balanced 14,054 14,434 Other 307 348 Total $ 90,512 $ 86,890 GMIB: Equity $ 48,065 $ 45,931 Fixed income 1,626 1,671 Balanced 10,116 10,097 Other 138 149 Total $ 59,945 $ 57,848
Summary of no-Lapse Guarantee Liabilities and Other Policyholder's Liabilities	The following table summarizes the no lapse guarantee liabilities reflected in the General Account in Future policy benefits and other policyholders’ liabilities, the related reinsurance reserve ceded, reflected in Amounts due from reinsurers and deferred cost of reinsurance, reflected in Other assets in the Consolidated balance sheets. Direct Liability Reinsurance Ceded Net (In Millions) Balance at January 1, 2017 $ 1,202 $ (623 ) $ 579 Other changes in reserves 120 (21 ) 99 Balance at June 30, 2017 $ 1,322 $ (644 ) $ 678 Balance at January 1, 2016 $ 1,084 $ (539 ) $ 545 Other changes in reserves 85 (32 ) 53 Balance at June 30, 2016 $ 1,169 $ (571 ) $ 598

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value Measurements at June 30, 2017 Level 1 Level 2 Level 3 Total (In Millions) Assets: Investments: Fixed maturities, available-for-sale: Public Corporate $ — $ 13,157 $ 73 $ 13,230 Private Corporate — 6,292 995 7,287 U.S. Treasury, government and agency — 10,849 — 10,849 States and political subdivisions — 442 42 484 Foreign governments — 367 — 367 Commercial mortgage-backed — 13 290 303 Residential mortgage-backed (1) — 281 — 281 Asset-backed (2) — 28 12 40 Redeemable preferred stock 214 322 1 537 Subtotal 214 31,751 1,413 33,378 Other equity investments 3 — 5 8 Trading securities 509 10,460 — 10,969 Other invested assets: Short-term investments — 1,261 — 1,261 Assets of consolidated VIEs/VOEs 539 119 3 661 Swaps — 111 — 111 Credit Default Swaps — 20 — 20 Options — 1,249 — 1,249 Subtotal 539 2,760 3 3,302 Cash equivalents 2,175 — — 2,175 Segregated securities — 1,078 — 1,078 GMIB reinsurance contract asset — — 11,290 11,290 Separate Accounts’ assets 113,282 3,010 333 116,625 Total Assets $ 116,722 $ 49,059 $ 13,044 $ 178,825 Liabilities GWBL and Other Features’ liability $ — $ — $ 121 $ 121 SCS, SIO, MSO and IUL indexed features’ liability — 1,169 — 1,169 Liabilities of consolidated VIEs/VOEs 407 3 — 410 Contingent payment arrangements — — 17 17 Total Liabilities $ 407 $ 1,172 $ 138 $ 1,717 (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, 2016 Level 1 Level 2 Level 3 Total (In Millions) Assets: Investments: Fixed maturities, available-for-sale: Public Corporate $ — $ 12,984 $ 28 $ 13,012 Private Corporate — 6,223 817 7,040 U.S. Treasury, government and agency — 10,336 — 10,336 States and political subdivisions — 451 42 493 Foreign governments — 390 — 390 Commercial mortgage-backed — 22 349 371 Residential mortgage-backed (1) — 314 — 314 Asset-backed (2) — 36 24 60 Redeemable preferred stock 218 335 1 554 Subtotal 218 31,091 1,261 32,570 Other equity investments 3 — 5 8 Trading securities 478 8,656 — 9,134 Other invested assets: Short-term investments — 574 — 574 Assets of consolidated VIEs 342 205 6 553 Swaps — (925 ) — (925 ) Credit Default Swaps — 5 — 5 Options — 960 — 960 Floors — 11 — 11 Subtotal 342 830 6 1,178 Cash equivalents 1,529 — — 1,529 Segregated securities — 946 — 946 GMIB reinsurance contract asset — — 10,309 10,309 Separate Accounts’ assets 108,085 2,818 313 111,216 Total Assets $ 110,655 $ 44,341 $ 11,894 $ 166,890 Liabilities: GWBL and Other Features’ liability $ — $ — $ 164 $ 164 SCS, SIO, MSO and IUL indexed features’ liability — 887 — 887 Liabilities of consolidated VIEs 248 2 — 250 Contingent payment arrangements — — 18 18 Total Liabilities $ 248 $ 889 $ 182 $ 1,319 (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, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The table below presents a reconciliation for all Level 3 assets and liabilities for the second quarter and first six months of 2017 and 2016 , respectively: Level 3 Instruments Fair Value Measurements Corporate State and Political Sub- divisions Foreign Govts Commercial Mortgage- backed Asset- backed (In Millions) Balance, April 1, 2017 $ 1,014 $ 42 $ — $ 324 $ 31 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) 3 — — 1 — Investment gains (losses), net — — — (9 ) 15 Subtotal 3 — — (8 ) 15 Other comprehensive income (loss) (51 ) — — 7 (11 ) Purchases 169 — — — — Sales (39 ) — — (33 ) (18 ) Settlements — — — — — Transfers into Level 3 (1) 6 — — — — Transfers out of Level 3 (1) (34 ) — — — (5 ) Balance, June 30, 2017 $ 1,068 $ 42 $ — $ 290 $ 12 Balance, April 1, 2016 $ 498 $ 45 $ — $ 448 $ 37 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) — — — — — Investment gains (losses), net 1 — — (18 ) — Subtotal 1 — — (18 ) — Other comprehensive income (loss) (1 ) 1 — 1 2 Purchases 97 — — — — Sales (58 ) (1 ) — (27 ) (4 ) Transfers into Level 3 (1) 3 — — — — Transfers out of Level 3 (1) (45 ) — — (2 ) (9 ) Balance, June 30, 2016 $ 495 $ 45 $ — $ 402 $ 26 Corporate State and Political Sub- divisions Foreign Govts Commercial Mortgage- backed Asset- backed (In Millions) Balance, January 1, 2017 $ 845 $ 42 $ — $ 349 $ 24 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) 4 — — 1 — Investment gains (losses), net — — — (20 ) 15 Subtotal 4 — — (19 ) 15 Other comprehensive income (loss) (6 ) — — 19 (7 ) Purchases 322 — — — — Sales (105 ) — — (59 ) (19 ) Settlements — — — — — Transfers into Level 3 (1) 13 — — — — Transfers out of Level 3 (1) (5 ) — — — (1 ) Balance, June 30, 2017 $ 1,068 $ 42 $ — $ 290 $ 12 Balance, January 1, 2016 $ 420 $ 45 $ 1 $ 503 $ 40 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) (1 ) — — — — Investment gains (losses), net — — — (24 ) — Subtotal (1 ) — — (24 ) — Other comprehensive income (loss) 8 1 — (11 ) 2 Purchases 150 — — — — Sales (72 ) (1 ) — (60 ) (7 ) Transfers into Level 3 (1) 17 — — — — Transfers out of Level 3 (1) (27 ) — (1 ) (6 ) (9 ) Balance, June 30, 2016 $ 495 $ 45 $ — $ 402 $ 26 Redeemable Preferred Stock Other Equity Investments (2) GMIB Reinsurance Asset Separate Accounts Assets GWBL and Other Features’ Liability Contingent Payment Arrangement (In Millions) Balance, April 1, 2017 $ 1 $ 15 $ 9,795 $ 325 $ 106 $ 17 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 contract asset — — 1,446 — — — Policyholders’ benefits — — — — (48 ) — Subtotal — — 1,446 8 (48 ) — Other comprehensive income (loss) — — — — — — Purchases (3) — — 70 2 63 — Sales (4) — — (21 ) (1 ) — — Settlements (5) — — — (1 ) — — Activity related to consolidated VIEs — (7 ) — — — — Transfers into Level 3 (1) — — — — — — Transfers out of Level 3 (1) — — — — — — Balance, June 30, 2017 $ 1 $ 8 $ 11,290 $ 333 $ 121 $ 17 Balance, April 1, 2016 $ — $ 25 $ 12,207 $ 323 $ 265 $ 31 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) — — — — — 1 Investment gains (losses), net — (1 ) — 5 — — Increase (decrease) in the fair value of the reinsurance contract asset — — 1,065 — — — Policyholders’ benefits — — — — 10 — Subtotal — (1 ) 1,065 5 10 1 Other comprehensive income (loss) — — — — — — Purchases (3) — — 55 10 55 — Sales (4) — — (16 ) (1 ) — — Settlements (5) — — — (1 ) — (1 ) Transfers into Level 3 (1) — — — 1 — — Transfers out of Level 3 (1) — (6 ) — (30 ) — — Balance, June 30, 2016 $ — $ 18 $ 13,311 $ 307 $ 330 $ 31 Redeemable Other (2) GMIB Separate GWBL Contingent (In Millions) Balance, January 1, 2017 $ 1 $ 11 $ 10,309 $ 313 $ 164 $ 18 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) — — — — — — Investment gains (losses), net — — — 18 — — Increase (decrease) in the fair value of the reinsurance contracts — — 906 — — — Policyholders’ benefits — — — — (166 ) — Subtotal — — 906 18 (166 ) — Other comprehensive income (loss) — — — — — — Purchases (3) — 4 110 6 123 — Sales (4) — (1 ) (35 ) (2 ) — — Settlements (5) — — — (2 ) — (1 ) Activity related to consolidated VIEs — (7 ) — — — — Transfers into Level 3 (1) — 1 — — — — Transfers out of Level 3 (1) — — — — — — Balance, June 30, 2017 $ 1 $ 8 $ 11,290 $ 333 $ 121 $ 17 Balance, January 1, 2016 $ — $ 17 $ 10,570 $ 313 $ 184 $ 31 Total gains (losses), realized and unrealized, included in: Earnings (loss) as: Net investment income (loss) — — — — — 1 Investment gains (losses), net — (1 ) — 13 — — Increase (decrease) in the fair value of the reinsurance contracts — — 2,662 — — — Policyholders’ benefits — — — — 40 — Subtotal — (1 ) 2,662 13 40 1 Other comprehensive income (loss) — — — — — — Purchases (3) — — 110 10 106 — Sales (4) — — (31 ) (1 ) — — Settlements (5) — — — (2 ) — (1 ) Transfers into Level 3 (1) — 2 — 1 — — Transfers out of Level 3 (1) — — — (27 ) — — Balance, June 30, 2016 $ — $ 18 $ 13,311 $ 307 $ 330 $ 31 (1) Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values. (2) Includes Level 3 amounts for Trading securities and consolidated VIE investments. (3) For the GMIB reinsurance contract asset and GWBL and other features reserves, represents premiums. (4) For the GMIB reinsurance contract asset, represents recoveries from reinsurers and for GWBL and other features reserves represents benefits paid. (5) For contingent payment arrangements, it represents change in estimates.
Fair Value Assets Unrealized Gains Losses By Category For Level 3 Assets And Liabilities Still Held	The table below details changes in unrealized gains (losses) for the second quarter and first six months of 2017 and 2016 by category for Level 3 assets and liabilities still held at June 30, 2017 and 2016 , respectively: 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 Second Quarter 2017 Held at June 30, 2017: Change in unrealized gains (losses): Fixed maturities, available-for-sale: Corporate $ — $ — $ — $ (45 ) $ — State and political subdivisions — — — — — Commercial mortgage-backed — — — 5 — Asset-backed — — — (11 ) — Other fixed maturities, available-for-sale — — — — — Subtotal $ — $ — $ — $ (51 ) $ — GMIB reinsurance contracts — — 1,495 — — Separate Accounts’ assets (1) — 8 — — GWBL and other features’ liability — — — — 15 Total $ — $ 8 $ 1,495 $ (51 ) $ 15 Level 3 Instruments Second Quarter 2016 Held at June 30, 2016: Change in unrealized gains (losses): Fixed maturities, available-for-sale: Corporate $ — $ — $ — $ (2 ) $ — State and political subdivisions — — — 1 — Commercial mortgage-backed — — — (4 ) — Asset-backed — — — 2 — Other fixed maturities, available-for-sale — — — — — Subtotal $ — $ — $ — $ (3 ) $ — Other equity investments — — — — — GMIB reinsurance contracts — — 1,104 — — Separate Accounts’ assets (1) — 6 — — — GWBL and other features’ liability — — — — 65 Total $ — $ 6 $ 1,104 $ (3 ) $ 65 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 2017 Held at June 30, 2017: Change in unrealized gains (losses): Fixed maturities, available-for-sale: Corporate $ — $ — $ — $ (4 ) $ — State and political subdivisions — — — — — Commercial mortgage-backed — — — 17 — Asset-backed — — — (7 ) — Other fixed maturities, available-for-sale — — — — — Subtotal $ — $ — $ — $ 6 $ — GMIB reinsurance contracts — — 981 — — Separate Accounts’ assets (1) — 18 — — — GWBL and other features’ liability — — — — (43 ) Total $ — $ 18 $ 981 $ 6 $ (43 ) Level 3 Instruments First Six Months of 2016 Held at June 30, 2016: Change in unrealized gains (losses): Fixed maturities, available-for-sale: Corporate $ — $ — $ — $ 9 $ — State and political subdivisions — — — 1 — Commercial mortgage-backed — — — (16 ) — Asset-backed — — — 2 — Other fixed maturities, available-for-sale — — — — — Subtotal $ — $ — $ — $ (4 ) $ — Other equity investments — — — — — GMIB reinsurance contracts — — 2,733 — — Separate Accounts’ assets (1) — 13 — — — GWBL and other features’ liability — — — — 146 Total $ — $ 13 $ 2,733 $ (4 ) $ 146 (1) There is an investment expense that offsets this investment gain (loss).
Fair Value Inputs Quantitative Information	The following tables disclose quantitative information about Level 3 fair value measurements by category for assets and liabilities as of June 30, 2017 and December 31, 2016 , respectively. Quantitative Information about Level 3 Fair Value Measurements June 30, 2017 Fair Value Valuation Technique Significant Unobservable Input Range (In Millions) Assets: Investments: Fixed maturities, available-for-sale: Corporate $ 46 Matrix pricing model Spread over the industry-specific benchmark yield curve 25 bps - 565 bps 774 Market comparable companies EBITDA multiples 5.1x- 27.3x Separate Accounts’ assets 314 Third party appraisal Capitalization rate 4.7% Exit capitalization rate 5.7% Discount rate 6.6% 1 Discounted cash flow Spread over U.S. Treasury curve 243 bps Discount factor 4.0% GMIB reinsurance contract asset 11,290 Discounted cash flow Lapse Rates 1.0%- 6.3% Withdrawal Rates 0.0% - 8.0% GMIB Utilization Rates 0.0% - 16.0% Non-performance risk 4 bps - 9 bps Volatility rates - Equity 10.0% - 30.0% Liabilities: GIB, GWBL and other features liability 121 Discounted Cash flow Lapse Rates 0.5% - 11.0% Withdrawal Rates 0.0% - 8.0% Volatility rates - Equity 10.0% - 30.0% Quantitative Information about Level 3 Fair Value Measurements December 31, 2016 Fair Value Valuation Technique Significant Unobservable Input Range (In Millions) Assets: Investments: Fixed maturities, available-for-sale: Corporate $ 55 Matrix pricing model Spread over the industry-specific benchmark yield curve 0 bps - 565 bps 636 Market comparable companies EBITDA multiples Discount Rate Cash flow Multiples 4.3x-25.6x Asset-backed 2 Matrix pricing model Spread over U.S. Treasury curve 25 bps - 687 bps Separate Accounts’ assets 295 Third party appraisal Capitalization rate 4.8% Exit capitalization rate 5.7% Discount rate 6.6% 3 Discounted cash flow Spread over U.S. Treasury curve 273 bps - 512 bps Discount factor 1.1% - 7.0% GMIB reinsurance contract asset 10,309 Discounted Cash flow Lapse Rates 1.5% - 5.7% Withdrawal Rates 0.0% - 8.0% GMIB Utilization Rates 0.0% - 16.0% Non-performance risk 5 bps - 17 bps Volatility rates - Equity 11.0%- 38.0% Liabilities: GIB, GWBL and other features liability 164 Discounted Cash flow Lapse Rates 1.0% - 11.0% Withdrawal Rates 0.0% - 8.0% Volatility rates - Equity 11.0% -38.0%
Fair Value Disclosure Financial Instruments Not Carried At Fair Value	The carrying values and fair values at June 30, 2017 and December 31, 2016 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, limited partnerships accounted for under the equity method and pension and other postretirement obligations. Carrying Value Fair Value Level 1 Level 2 Level 3 Total (In Millions) June 30, 2017: Mortgage loans on real estate $ 10,403 $ — $ — $ 10,493 $ 10,493 Loans to affiliates 703 — 774 — 774 Policyholders’ liabilities: Investment contracts 2,146 — — 2,260 2,260 Funding Agreements 2,637 — 2,624 — 2,624 Policy loans 3,322 — — 4,224 4,224 Short-term debt 512 — 512 — 512 Separate Account Liabilities 6,846 — — 6,846 6,846 December 31, 2016: Mortgage loans on real estate $ 9,757 $ — $ — $ 9,608 $ 9,608 Loans to affiliates 703 — 775 — 775 Policyholders’ liabilities: Investment contracts 2,226 — — 2,337 2,337 Funding Agreements 2,255 — 2,202 — 2,202 Policy loans 3,361 — — 4,257 4,257 Short-term debt 513 — 513 — 513 Separate Account Liabilities 6,194 — — 6,194 6,194

SHARE-BASED COMPENSATION PROG27

SHARE-BASED COMPENSATION PROGRAMS (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Compensation Costs	Compensation costs for the second quarter and first six months of 2017 and 2016 for share-based payment arrangements as further described herein are as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Thousands) Performance Shares $ 9,556 $ 9,603 $ 12,958 $ 11,821 Stock Options 729 606 738 715 AB Restricted Units 13,600 4,000 21,300 5,200 Other compensation plans (1) (37 ) 7 28 (913 ) Total Compensation Expenses $ 23,848 $ 14,216 $ 35,024 $ 16,823 (1) Other compensation plans include Restricted Stock, Stock Appreciation Rights and AXA Miles.

ACCUMULATED OTHER COMPREHENSI28

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	AOCI represents cumulative gains (losses) on items that are not reflected in earnings (loss). The balances as of June 30, 2017 and 2016 follow: June 30, 2017 2016 (In Millions) Unrealized gains (losses) on investments $ 502 $ 1,666 Foreign currency translation adjustments (63 ) (55 ) Defined benefit pension plans (45 ) (43 ) Total accumulated other comprehensive income (loss) 394 1,568 Less: Accumulated other comprehensive (income) loss attributable to noncontrolling interest 99 69 Accumulated Other Comprehensive Income (Loss) Attributable to AXA Equitable $ 493 $ 1,637
Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes	The components of OCI, net-of-taxes for the second quarter and first six months of 2017 and 2016 follow: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) Foreign currency translation adjustments: Foreign currency translation gains (losses) arising during the period $ (21 ) $ (5 ) $ 14 $ 4 (Gains) losses reclassified into net earnings (loss) during the period — — — — Foreign currency translation adjustment (21 ) (5 ) 14 4 Net unrealized gains (losses) on investments: Net unrealized gains (losses) arising during the period 312 764 452 1,578 (Gains) losses reclassified into net earnings (loss) during the period (1) 21 (29 ) (2 ) (15 ) Net unrealized gains (losses) on investments 333 735 450 1,563 Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other (19 ) (110 ) 8 (158 ) Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $177, $337, $267, and $764 314 625 458 1,405 Change in defined benefit plans: Less: reclassification adjustments to net earnings (loss) for: Net gain (loss) arising during the period 1 — 1 — Change in defined benefit plans (net of deferred income tax expense (benefit) of $1, $0, $1 and $0. 1 — 1 — Total other comprehensive income (loss), net of income taxes 294 620 473 1,409 Less: Other comprehensive (income) loss attributable to noncontrolling interest 20 3 13 — Other Comprehensive Income (Loss) Attributable to AXA Equitable $ 314 $ 623 $ 486 $ 1,409 (1) See “Reclassification adjustments” in Note 3. Reclassification amounts presented net of income tax expense (benefit) of $(14) million, $ (1) million, $16 million and $8 million , for the second quarter and first six months of 2017 and 2016 , respectively.

COMMITMENT AND CONTINGENT LIA29

COMMITMENT AND CONTINGENT LIABILITIES Federal Home Loan Bank, Advances (Tables)	6 Months Ended
	Jun. 30, 2017
Federal Home Loan Banks, advances [Abstract]
Federal Home Loan Bank, Advances [Table Text Block]	Outstanding balance at end of period Maturity of Outstanding balance Issued during the period Repaid during the period June 30, 2017: (In Millions) Short-term FHLBNY funding agreements $ 500 less than one month $ 3,000 $ 3,000 Long-term FHLBNY funding agreements 548 less than 4 years 174 — 828 Less than 5 years 208 — 744 greater than five years — — Total long-term funding agreements 2,120 382 — Total FHLBNY funding agreements at June 30, 2017 $ 2,620 $ 3,382 $ 3,000 December 31, 2016: Short-term FHLBNY funding agreements $ 500 less than one month $ 6,000 $ 6,000 Long-term FHLBNY funding agreements 58 less than 4 years 58 — 862 Less than 5 years 862 — 818 greater than five years 818 — Total long-term funding agreements 1,738 1,738 — Total FHLBNY funding agreements at December 31, 2016 $ 2,238 $ 7,738 $ 6,000

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	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. Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) Segment revenues: Insurance (1) $ 3,767 $ 3,582 $ 5,160 $ 7,847 Investment Management (2) 813 724 1,569 1,493 Consolidation/elimination (5 ) (7 ) (12 ) (12 ) Total Revenues $ 4,575 $ 4,299 $ 6,717 $ 9,328 (1) Includes investment expenses charged by AB of approximately $13 million, $24 million, $13 million and $25 million for the second quarter and first six months of 2017 and 2016 , respectively, for services provided to the Insurance Segment. (2) Intersegment investment advisory and other fees of approximately $18 million, $36 million, $20 million and $37 million for the second quarter and first six months of 2017 and 2016 , respectively, are included in total revenues of the Investment Management segment. Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) Segment earnings (loss) from continuing operations, before income taxes: Insurance $ 1,628 $ 1,456 $ 904 $ 3,789 Investment Management 168 138 320 307 Consolidation/elimination 1 — — 1 Total Earnings (Loss) from Continuing Operations, before income taxes $ 1,797 $ 1,594 $ 1,224 $ 4,097
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In Millions) Segment earnings (loss) from continuing operations, before income taxes: Insurance $ 1,628 $ 1,456 $ 904 $ 3,789 Investment Management 168 138 320 307 Consolidation/elimination 1 — — 1 Total Earnings (Loss) from Continuing Operations, before income taxes $ 1,797 $ 1,594 $ 1,224 $ 4,097
Reconciliation of Assets from Segment to Consolidated	June 30, December 31, (In Millions) Segment assets: Insurance $ 201,076 $ 190,583 Investment Management (1) 13,865 13,139 Consolidation/elimination — (3 ) Total Assets $ 214,941 $ 203,719 (1) In accordance with SEC regulations, the assets of the Investment Management segment include securities with a fair value of $ 1,007 million and $893 million which have been segregated in a special reserve bank custody account at June 30, 2017 and December 31, 2016 , respectively, for the exclusive benefit of securities broker-dealer or brokerage customers under the Exchange Act. They also include cash held in several special bank accounts for the exclusive benefit of customers. As of June 30, 2017 and December 31, 2016 , $71 million and $53 million , respectively, of cash were segregated in these bank accounts.

ORGANIZATION AND BASIS OF PRE31

ORGANIZATION AND BASIS OF PRESENTATION (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
AXA Equitable
Economic interest in subsidiary (as a percent)	29.30%	29.00%
Parent Company
Economic interest in subsidiary (as a percent)	64.60%	63.70%

SIGNIFICANT ACCOUNTING POLICI32

SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Variable Interest Entity [Line Items]
Other equity investments	$ 1,417	$ 1,408
Total Assets	214,941	203,719	$ 194,683
Total liabilities	196,972	187,019	177,156
Redeemable Noncontrolling Interest	361	403
Total AXA Equitable’s equity	14,635	13,212	14,455
Noncontrolling interest	2,973	3,085	$ 3,059
Insurance
Variable Interest Entity [Line Items]
Total Assets	201,076	190,583
Investment Management
Variable Interest Entity [Line Items]
Total Assets	13,865	13,139
Variable Interest Entity, Not Primary Beneficiary | Investment Management
Variable Interest Entity [Line Items]
Variable Interest Entity, nonconsolidated net assets	49,400
Variable Interest Entity, maximum loss exposure	20
Variable Interest Entity, Not Primary Beneficiary | Adjustments for New Accounting Pronouncement
Variable Interest Entity [Line Items]
Variable Interest Entity, unfunded commitments	801
Variable Interest Entity, Not Primary Beneficiary | Adjustments for New Accounting Pronouncement | Other Equity Investments
Variable Interest Entity [Line Items]
Variable Interest Entity, nonconsolidated net assets	162,386
Variable Interest Entity, maximum loss exposure	1,201
Variable Interest Entity, Not Primary Beneficiary | Adjustments for New Accounting Pronouncement | Insurance
Variable Interest Entity [Line Items]
Other equity investments	1,201
Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure
Variable Interest Entity [Line Items]
Total Assets	1,031	956
Total liabilities	426	293
Redeemable Noncontrolling Interest	335	384
Total AXA Equitable’s equity	68	71
Noncontrolling interest	$ 36	$ 35

SIGNIFICANT ACCOUNTING POLICI33

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Restatements made to the Consolidated Statement of Earnings (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Universal life and investment-type product policy fee income	$ 865	$ 841	$ 1,761	$ 1,656	$ 3,435	$ 3,340	$ 3,181
Premiums	216	197	441	412	854	828	847
Increase (decrease) in the fair value of the reinsurance contract asset	1,495	1,104	981	2,733	(269)	(141)	3,962
Revenues	4,575	4,299	6,717	9,328	9,683	9,925	15,677
Policyholders' benefits	1,467	1,284	2,300	2,402	2,828	2,840	4,047
Future policy benefits			1,388	1,303	718	1,001	2,013
Interest credited to policyholders' account balances	393	325	941	570	1,655	906	1,077
Amortization of deferred policy acquisition costs	(82)	(74)	43	(74)	222	(313)	(374)
Other operating costs and expenses	155	373	539	751	1,458	1,497	1,668
Amortization of deferred cost of reinsurance asset			(171)	64	159	121	278
Total benefits and other deductions	2,778	2,705	5,493	5,231	9,369	8,238	9,770
Earnings (loss) from operations, before income taxes	1,797	1,594	1,224	4,097	314	1,687	5,907
Income tax (expense) benefit	(338)	(523)	(78)	(1,274)	192	(197)	(1,621)
Net earnings (loss)	1,459	1,071	1,146	2,823	506	1,490	4,286
Less: net (earnings) loss attributable to the noncontrolling interest	(113)	(91)	(231)	(208)	(496)	(403)	(387)
Net Earnings (Loss) Attributable to AXA Equitable	$ 1,346	980	$ 915	2,615	10	1,087	3,899
As previously reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Universal life and investment-type product policy fee income		915		1,816	3,423	3,208	3,115
Premiums		121		247	880	854	874
Increase (decrease) in the fair value of the reinsurance contract asset		1,104		2,741	(261)	(141)	3,964
Revenues		4,297		9,331	9,705	9,819	15,640
Policyholders' benefits		1,276		2,426	2,893	2,799	3,708
Future policy benefits				1,314	783	934	1,647
Interest credited to policyholders' account balances		349		626	1,555	978	1,186
Amortization of deferred policy acquisition costs		(74)		(84)	162	(331)	(413)
Other operating costs and expenses					1,458	1,415	1,692
Amortization of deferred cost of reinsurance asset					159	39	302
Total benefits and other deductions		2,721		5,301	9,274	8,169	9,525
Earnings (loss) from operations, before income taxes		1,576		4,030	431	1,650	6,115
Income tax (expense) benefit		(515)		(1,249)	113	(186)	(1,695)
Net earnings (loss)		1,061		2,781	544	1,464	4,420
Less: net (earnings) loss attributable to the noncontrolling interest		(92)		(209)	(469)	(403)	(387)
Net Earnings (Loss) Attributable to AXA Equitable		969		2,572	75	1,061	4,033
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Universal life and investment-type product policy fee income		(74)		(160)	12	132	66
Premiums		76		165	(26)	(26)	(27)
Increase (decrease) in the fair value of the reinsurance contract asset		0		(8)	(8)	0	(2)
Revenues		2		(3)	(22)	106	37
Policyholders' benefits		8		(24)
Future policy benefits				(11)	(65)	41	339
Interest credited to policyholders' account balances		(24)		(56)	100	(72)	(109)
Amortization of deferred policy acquisition costs		0		10	(60)	(18)	(39)
Amortization of deferred cost of reinsurance asset					0	82	(24)
Total benefits and other deductions		(16)		(70)	95	69	245
Earnings (loss) from operations, before income taxes		18		67	(117)	37	(208)
Income tax (expense) benefit		(8)		(25)	79	(11)	74
Net earnings (loss)		10		42	(38)	26	(134)
Less: net (earnings) loss attributable to the noncontrolling interest		1		1	(27)	0	0
Net Earnings (Loss) Attributable to AXA Equitable		$ 11		$ 43	$ (65)	$ 26	$ (134)

SIGNIFICANT ACCOUNTING POLICI34

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Restatements made to the Consolidated Statements of Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net earnings (loss)	$ 1,459	$ 1,071	$ 1,146	$ 2,823	$ 506	$ 1,490	$ 4,286
Comprehensive income (loss)	1,753	1,691	1,619	4,232	268	580	5,211
Less: Comprehensive (income) loss attributable to noncontrolling interest	(93)	(88)	(218)	(208)	(479)	(388)	(358)
Comprehensive Income (Loss) Attributable to AXA Equitable	$ 1,660	1,603	$ 1,401	4,024	(211)	192	4,853
As previously reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net earnings (loss)		1,061		2,781	544	1,464	4,420
Comprehensive income (loss)		1,681		4,190	306	554	5,345
Less: Comprehensive (income) loss attributable to noncontrolling interest		(89)		(209)	(452)	(388)	(358)
Comprehensive Income (Loss) Attributable to AXA Equitable		1,592		3,981	(146)	166	4,987
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net earnings (loss)		10		42	(38)	26	(134)
Comprehensive income (loss)		10		42	(38)	26	(134)
Less: Comprehensive (income) loss attributable to noncontrolling interest		1		1	(27)	0	0
Comprehensive Income (Loss) Attributable to AXA Equitable		$ 11		$ 43	$ (65)	$ 26	$ (134)

SIGNIFICANT ACCOUNTING POLICI35

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Restatements made to the Consolidated Statements of Equity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			$ 16,297	$ 17,514	$ 17,514	$ 18,001
Net earnings (loss)	$ 1,459	$ 1,071	1,146	2,823	506	1,490	$ 4,286
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	1,660	1,603	1,401	4,024	(211)	192	4,853
End of year	17,608	20,976	17,608	20,976	16,297	17,514	18,001
Additional Paid-in Capital
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			5,339	5,321	5,321	5,957	5,908
Deferred tax on dividend of AB Units					0	(35)	0
End of year	5,361	5,318	5,361	5,318	5,339	5,321	5,957
Retained Earnings
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			7,864	8,904	8,904	8,729	5,211
Dividends				500	(1,050)	912	(381)
Net earnings (loss)			915	2,615	10	1,087	3,899
End of year	8,779	11,019	8,779	11,019	7,864	8,904	8,729
Parent
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			13,212	14,455	14,455	15,039
End of year	14,635	17,976	14,635	17,976	13,212	14,455	15,039
Noncontrolling Interest
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			3,085	3,059	3,059	2,962	2,924
Net earnings (loss) attributable to noncontrolling interest			231	204	491	403	387
Dividend of AB Units by AXA Equitable to AXA Financial					0	145	0
End of year	$ 2,973	3,000	2,973	3,000	3,085	3,059	2,962
As previously reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			16,416	17,595	17,595	18,108
Net earnings (loss)		1,061		2,781	544	1,464	4,420
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		1,592		3,981	(146)	166	4,987
End of year		21,013		21,013	16,416	17,595	18,108
As previously reported | Additional Paid-in Capital
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			5,339	5,321	5,321	5,957	5,934
Deferred tax on dividend of AB Units					0	(35)	(26)
End of year					5,339	5,321	5,957
As previously reported | Retained Earnings
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			7,983	8,958	8,958	8,809	5,205
Dividends					(1,050)	912	(429)
Net earnings (loss)				2,572	75	1,061	4,033
End of year		11,030		11,030	7,983	8,958	8,809
As previously reported | Parent
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			13,331	14,509	14,509	15,119
End of year		17,987		17,987	13,331	14,509	15,119
As previously reported | Noncontrolling Interest
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			3,085	3,086	3,086	2,989	2,903
Net earnings (loss) attributable to noncontrolling interest				203	464	403	387
Dividend of AB Units by AXA Equitable to AXA Financial					0	145	48
End of year		3,026		3,026	3,085	3,086	2,989
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			(119)	(81)	(81)	(107)
Net earnings (loss)		10		42	(38)	26	(134)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		11		43	(65)	26	(134)
End of year		(37)		(37)	(119)	(81)	(107)
Adjustments | Additional Paid-in Capital
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			0	0	0	0	(26)
Deferred tax on dividend of AB Units					0	0	26
End of year					0	0	0
Adjustments | Retained Earnings
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			(119)	(54)	(54)	(80)	6
Dividends					0	0	48
Net earnings (loss)				43
End of year		(11)		(11)	(119)	(54)	(80)
Adjustments | Parent
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			(119)	(54)	(54)	(80)
End of year		(11)		(11)	(119)	(54)	(80)
Adjustments | Noncontrolling Interest
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning of year			$ 0	(27)	(27)	(27)	21
Net earnings (loss) attributable to noncontrolling interest				1	27	0	0
Dividend of AB Units by AXA Equitable to AXA Financial					0	0	(48)
End of year		$ (26)		$ (26)	$ 0	$ (27)	$ (27)

SIGNIFICANT ACCOUNTING POLICI36

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Restatements made to the Consolidated Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net earnings (loss)	$ 1,459	$ 1,071	$ 1,146	$ 2,823	$ 506	$ 1,490	$ 4,286
Universal life and investment-type product policy fee income	(865)	(841)	(1,761)	(1,656)	(3,435)	(3,340)	(3,181)
Interest credited to policyholders’ account balances	393	325	941	570	1,655	906	1,077
Increase (decrease) in the fair value of the reinsurance contract asset	1,495	1,104	981	2,733	(269)	(141)	3,962
Amortization of deferred cost of reinsurance asset			(171)	64	159	121	278
Future policy benefits			1,388	1,303	718	1,001	2,013
Increase Decrease In Reinsurance Recoverable With Affiliate			251	270
Deferred policy acquisition costs			43	(74)	222	(313)	(374)
Amortization of deferred policy acquisition costs	$ (82)	(74)	43	(74)	222	(313)	(374)
Current and deferred income taxes			(16)	1,010	(850)	269	1,374
Accounts payable and accrued expenses				0
Other			(93)	(197)	(31)	(193)	59
Net cash provided by (used in) operating activities			(75)	(385)	(487)	(162)	(600)
Deposits			4,109	4,953	9,746	6,241	6,505
Policyholders' accounts balance transfer (to) from Separate Accounts			767	348	1,202	561	321
(Decrease) increase in overdrafts payable			69	48	(85)	(82)	(39)
Net cash provided by (used in) financing activities			$ 4,182	4,064	5,751	2,952	3,804
As previously reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net earnings (loss)		1,061		2,781	544	1,464	4,420
Universal life and investment-type product policy fee income		(915)		(1,816)	(3,423)	(3,208)	(3,115)
Interest credited to policyholders’ account balances		349		626	1,555	978	1,186
Increase (decrease) in the fair value of the reinsurance contract asset		1,104		2,741	(261)	(141)	3,964
Amortization of deferred cost of reinsurance asset					159	39	302
Future policy benefits				1,314	783	934	1,647
Increase Decrease In Reinsurance Recoverable With Affiliate				92
Deferred policy acquisition costs				(84)	162	(331)	(413)
Amortization of deferred policy acquisition costs		(74)		(84)	162	(331)	(413)
Current and deferred income taxes				985	(771)	258	1,448
Accounts payable and accrued expenses				0
Other				(245)	(31)	(111)	98
Net cash provided by (used in) operating activities				(337)	(461)	(244)	(639)
Deposits					9,342	5,757	6,011
Policyholders' accounts balance transfer (to) from Separate Accounts					1,606	1,045	815
(Decrease) increase in overdrafts payable				0	(85)	0	0
Net cash provided by (used in) financing activities				4,016	5,751	3,034	3,843
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net earnings (loss)		10		42	(38)	26	(134)
Universal life and investment-type product policy fee income		74		160	(12)	(132)	(66)
Interest credited to policyholders’ account balances		(24)		(56)	100	(72)	(109)
Increase (decrease) in the fair value of the reinsurance contract asset		0		(8)	(8)	0	(2)
Amortization of deferred cost of reinsurance asset					0	82	(24)
Future policy benefits				(11)	(65)	41	339
Increase Decrease In Reinsurance Recoverable With Affiliate				178
Deferred policy acquisition costs				10
Amortization of deferred policy acquisition costs		$ 0		10	(60)	(18)	(39)
Current and deferred income taxes				25	(79)	11	(74)
Accounts payable and accrued expenses				0
Other				48	0	(82)	(39)
Net cash provided by (used in) operating activities				(48)	(26)	82	39
Deposits					404	484	494
Policyholders' accounts balance transfer (to) from Separate Accounts					(404)	(484)	(494)
(Decrease) increase in overdrafts payable				48	0	(82)	(39)
Net cash provided by (used in) financing activities				$ 48	$ 0	$ (82)	$ (39)

SIGNIFICANT ACCOUNTING POLICI37

SIGNIFICANT ACCOUNTING POLICIES - Summary of Adjustments on Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred policy acquisition costs	$ 4,141	$ 4,256		$ 4,484
Amounts due from reinsurers	4,870	4,635		4,487
Guaranteed minimum income benefit reinsurance contract asset, at fair value	11,290	10,309		10,578
Other assets	4,594	4,260		4,647
Total Assets	214,941	203,719		194,683
Policyholders’ account balances	41,531	38,842		32,913
Future policy benefits and other policyholders’ liabilities	26,799	25,435		24,827
Current and deferred income taxes	4,000	3,753		4,661
Other liabilities	2,531	2,108		2,534
Total liabilities	196,972	187,019		177,156
Retained earnings	8,779	7,864		8,904
Total AXA Equitable’s equity	14,635	13,212		14,455
Noncontrolling interest	2,973	3,085		3,059
Equity	17,608	16,297	$ 20,976	17,514	$ 18,001
Total Liabilities and Equity	$ 214,941	203,719		194,683
As previously reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred policy acquisition costs		4,301		4,469
Amounts due from reinsurers		4,635		4,466
Guaranteed minimum income benefit reinsurance contract asset, at fair value		10,309		10,570
Other assets		4,260		4,634
Total Assets		203,764		194,626
Policyholders’ account balances		38,782		33,033
Future policy benefits and other policyholders’ liabilities		25,358		24,531
Current and deferred income taxes		3,816		4,647
Other liabilities		2,108		2,586
Total liabilities		186,945		177,018
Retained earnings		7,983		8,958
Total AXA Equitable’s equity		13,331		14,509
Noncontrolling interest		3,085		3,086
Equity		16,416	21,013	17,595	18,108
Total Liabilities and Equity		203,764		194,626
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred policy acquisition costs		(45)		15
Amounts due from reinsurers		0		21
Guaranteed minimum income benefit reinsurance contract asset, at fair value		0		8
Other assets		0		13
Total Assets		(45)		57
Policyholders’ account balances		60		(120)
Future policy benefits and other policyholders’ liabilities		77		296
Current and deferred income taxes		(63)		14
Other liabilities		0		(52)
Total liabilities		74		138
Retained earnings		(119)		(54)
Total AXA Equitable’s equity		(119)		(54)
Noncontrolling interest		0		(27)
Equity		(119)	$ (37)	(81)	$ (107)
Total Liabilities and Equity		$ (45)		$ 57

SIGNIFICANT ACCOUNTING POLICI38

SIGNIFICANT ACCOUNTING POLICIES - ASSUMPTION UPDATES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Change in Accounting Estimate [Line Items]
Amortization of deferred policy acquisition cost, net	$ 82	$ 74	$ (43)	$ 74	$ (222)	$ 313	$ 374
Universal life and investment-type product policy fee income	(865)	(841)	(1,761)	(1,656)	(3,435)	(3,340)	(3,181)
Policyholders’ benefits	1,467	1,284	2,300	2,402	2,828	2,840	4,047
Increase (decrease) in the fair value of the reinsurance contract asset	1,495	1,104	981	2,733	(269)	(141)	3,962
Amortization of deferred cost of reinsurance assets			171	(64)	(159)	(121)	(278)
Net earnings (loss)	1,459	1,071	1,146	2,823	$ 506	$ 1,490	$ 4,286
Variable and Interest Sensitive Life
Change in Accounting Estimate [Line Items]
Net earnings (loss)		(14)		(14)
Long-term lapse and partial withdrawal behavior
Change in Accounting Estimate [Line Items]
Amortization of deferred policy acquisition cost, net	32		32
Policyholders’ benefits	602		602
Increase (decrease) in the fair value of the reinsurance contract asset	1,532		1,532
Amortization of deferred cost of reinsurance assets	226		226
Net earnings (loss)	$ 772		$ 772
Mortality Assumption | Variable and Interest Sensitive Life
Change in Accounting Estimate [Line Items]
Amortization of deferred policy acquisition cost, net		70		70
Universal life and investment-type product policy fee income		16		16
General Account Spread Assumption | Variable and Interest Sensitive Life
Change in Accounting Estimate [Line Items]
Amortization of deferred policy acquisition cost, net		(79)		(79)
Universal life and investment-type product policy fee income		$ (4)		$ (4)

INVESTMENTS (AVAILABLE FOR SALE

INVESTMENTS (AVAILABLE FOR SALE SECURITIES) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 32,371	$ 32,236
Gross Unrealized Gains	1,659	1,306
Gross Unrealized Losses	520	859
Fair Value	33,510	32,683
OTTI in AOCI	7	10
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, Amortized Cost	1,778
Due in years two through five, Amortized Cost	7,379
Due in years six through ten, Amortized Cost	9,315
Due after ten years, Amortized Cost	12,651
Available for sale securities debt maturities single maturity date, Amortized Cost, Subtotal	31,123
Fixed maturities available for sale, amortized cost	32,239
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, Fair Value	1,801
Due in years two through five, Fair Value	7,733
Due in years six through ten, Fair Value	9,557
Due after ten years, Fair Value	13,126
Available for sale securities debt maturities single maturity date, Fair Value, Subtotal	32,217
Available-for-sale securities, debt maturities, Fair Value, Total	33,378
Public corporate
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,530	12,418
Gross Unrealized Gains	745	675
Gross Unrealized Losses	45	81
Fair Value	13,230	13,012
OTTI in AOCI	0	0
Private corporate
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	7,075	6,880
Gross Unrealized Gains	256	215
Gross Unrealized Losses	44	55
Fair Value	7,287	7,040
OTTI in AOCI	0	0
U.S. Treasury, government and agency
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	10,756	10,739
Gross Unrealized Gains	479	221
Gross Unrealized Losses	386	624
Fair Value	10,849	10,336
OTTI in AOCI	0	0
State and Political Sub- divisions
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	419	432
Gross Unrealized Gains	66	63
Gross Unrealized Losses	1	2
Fair Value	484	493
OTTI in AOCI	0	0
Foreign Govts
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	343	375
Gross Unrealized Gains	30	29
Gross Unrealized Losses	6	14
Fair Value	367	390
OTTI in AOCI	0	0
Commercial Mortgage- backed
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	329	415
Gross Unrealized Gains	10	28
Gross Unrealized Losses	36	72
Fair Value	303	371
OTTI in AOCI	4	7
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Available-for-sale securities, debt maturities, without single maturity date, Amortized Cost	329
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Available-for-sale securities, debt maturities, without single maturity date, Fair Value	303
Residential Mortgage- backed
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	264	294
Gross Unrealized Gains	17	20
Gross Unrealized Losses	0	0
Fair Value	281	314
OTTI in AOCI	0	0
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Available-for-sale securities, debt maturities, without single maturity date, Amortized Cost	264
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Available-for-sale securities, debt maturities, without single maturity date, Fair Value	281
Asset- backed
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	38	51
Gross Unrealized Gains	3	10
Gross Unrealized Losses	1	1
Fair Value	40	60
OTTI in AOCI	3	3
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Available-for-sale securities, debt maturities, without single maturity date, Amortized Cost	38
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Available-for-sale securities, debt maturities, without single maturity date, Fair Value	40
Redeemable Preferred Stock
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	485	519
Gross Unrealized Gains	53	45
Gross Unrealized Losses	1	10
Fair Value	537	554
OTTI in AOCI	0	0
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Available-for-sale securities, debt maturities, without single maturity date, Amortized Cost	485
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Available-for-sale securities, debt maturities, without single maturity date, Fair Value	537
Fixed Maturities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	32,239	32,123
Gross Unrealized Gains	1,659	1,306
Gross Unrealized Losses	520	859
Fair Value	33,378	32,570
OTTI in AOCI	7	10
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Fixed maturities available for sale, amortized cost	32,239	32,123
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	132	113
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	132	113
OTTI in AOCI	$ 0	$ 0

INVESTMENTS (CREDIT LOSS IMPAIR

INVESTMENTS (CREDIT LOSS IMPAIRMENTS) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Proceeds from sales, gross gains (losses) from sales and OTTI for AFS fixed maturities
Fixed maturities, available for sale	$ 121	$ 1,397	$ 535	$ 1,786
Gross gains on sales	10	66	29	85
Gross losses on sales	(7)	(25)	(27)	(46)
Total other-than-temporary impairment losses	(13)	(8)	(13)	(25)
Portion of loss recognized in other comprehensive income (loss)	0	0	0	0
Net impairment losses recognized	(13)	(8)	(13)	(25)
Fixed Maturities - Credit Loss Impairments
Balances at beginning of period	(147)	(181)	(190)	(198)
Previously recognized impairments on securities that matured, paid, prepaid or sold	45	23	(88)	(57)
Recognized impairments on securities impaired to fair value this period	0	0	0	(17)
Impairments recognized this period on securities not previously impaired	(13)	(8)	(13)	(8)
Additional impairments this period on securities previously impaired	0	0	0	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	$ (115)	$ (166)	$ (115)	$ (166)

INVESTMENTS (NET UNREALIZED INV

INVESTMENTS (NET UNREALIZED INVESTMENTS) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, End of Period	$ 502	$ 1,666	$ 502	$ 1,666
Net Unrealized Gains (Losses) On Investments
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year			447
Balance, End of Period	1,139		1,139
Net Unrealized Gains (Losses) On Investments | Unrealized Investment Gains Losses With OTTI Losses
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year	20	9	19	16
Net investment gains (losses) arising during the period	(44)	(17)	5	(7)
Reclassification adjustment for OTTI losses excluded from Net earnings (loss)	0	0	0	0
Balance, End of Period	(6)	15	(6)	15
Net Unrealized Gains (Losses) On Investments | Unrealized Investment Gains Losses All Other
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year	606	1,975	428	674
Net investment gains (losses) arising during the period	524	1,172	690	2,434
Included in Net earnings (loss)	15	(45)	27	(29)
Reclassification adjustment for OTTI losses excluded from Net earnings (loss)	0	(23)	0	0
Balance, End of Period	1,145	3,079	1,145	3,079
DAC | Unrealized Investment Gains Losses With OTTI Losses
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year	0	0	(1)	0
Impact of net unrealized investment gains (losses) on DAC	(2)	0	3	0
Balance, End of Period	2	0	2	0
DAC | Unrealized Investment Gains Losses All Other
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year	(108)	(57)	(87)	(82)
Impact of net unrealized investment gains (losses) on DAC	(33)	(82)	(54)	(57)
Balance, End of Period	(141)	(139)	(141)	(139)
Policyholders Liabilities | Unrealized Investment Gains Losses With OTTI Losses
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year	(5)	0	(10)	(4)
Impact of net unrealized investment gains (losses) on policyholders liabilities	(6)	0	11	4
Balance, End of Period	1	0	1	0
Policyholders Liabilities | Unrealized Investment Gains Losses All Other
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year	(135)	(306)	(189)	(213)
Impact of net unrealized investment gains (losses) on policyholders liabilities	(41)	(105)	13	(198)
Balance, End of Period	(176)	(411)	(176)	(411)
Deferred Income Tax Asset Liability | Unrealized Investment Gains Losses With OTTI Losses
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year	(5)	(4)	(3)	(5)
Impact of net unrealized investment gains (losses) on Deferred income taxes	(6)	2	4	(1)
Balance, End of Period	1	(6)	1	(6)
Deferred Income Tax Asset Liability | Unrealized Investment Gains Losses All Other
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year	(127)	(565)	(53)	(133)
Impact of net unrealized investment gains (losses) on Deferred income taxes	(162)	(321)	(236)	(753)
Balance, End of Period	(289)	(886)	(289)	(886)
AOCI Gain Losses Related to Net Unrealized Investment Gains Losses | Unrealized Investment Gains Losses With OTTI Losses
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year	10	5	5	7
Net investment gains (losses) arising during the period	(44)	(17)	5	(7)
Reclassification adjustment for OTTI losses excluded from Net earnings (loss)	0	0	0	0
Impact of net unrealized investment gains (losses) on DAC	(2)	0	(3)	0
Impact of net unrealized investment gains (losses) on Deferred income taxes	(6)	2	(4)	1
Impact of net unrealized investment gains (losses) on policyholders liabilities	(6)	0	(11)	(4)
Balance, End of Period	(2)	9	(2)	9
AOCI Gain Losses Related to Net Unrealized Investment Gains Losses | Unrealized Investment Gains Losses All Other
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year	236	1,047	99	246
Net investment gains (losses) arising during the period	524	1,172	690	2,434
Included in Net earnings (loss)	15	(45)	27	(29)
Reclassification adjustment for OTTI losses excluded from Net earnings (loss)	0	(23)	0	0
Impact of net unrealized investment gains (losses) on DAC	(33)	(82)	54	57
Impact of net unrealized investment gains (losses) on Deferred income taxes	(162)	(321)	236	753
Impact of net unrealized investment gains (losses) on policyholders liabilities	(41)	(105)	(13)	198
Balance, End of Period	539	1,643	539	1,643
Fixed Maturities | Net Unrealized Gains (Losses) On Investments | Unrealized Investment Gains Losses With OTTI Losses
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year			19
Balance, End of Period	(6)		(6)
Fixed Maturities | Net Unrealized Gains (Losses) On Investments | Unrealized Investment Gains Losses All Other
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year			428
Balance, End of Period	1,145		1,145
Fixed Maturities | AOCI Gain Losses Related to Net Unrealized Investment Gains Losses | Unrealized Investment Gains Losses With OTTI Losses
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Included in Net earnings (loss)	18	23	(30)	6
Fixed Maturities | Net Unrealized Gains (Losses) On Investmetns | Unrealized Investment Gains Losses With OTTI Losses
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Included in Net earnings (loss)	18	$ 23	(30)	$ 6
Equity securities | Net Unrealized Gains (Losses) On Investments | Unrealized Investment Gains Losses All Other
Net Unrealized Investment Gains Losses Recognized In Aoci Roll Forward [Abstract]
Balance, beginning of year			0
Balance, End of Period	$ 0		$ 0

INVESTMENTS (GROSS UNREALIZED L

INVESTMENTS (GROSS UNREALIZED LOSSES) (Details) $ in Millions	Jun. 30, 2017USD ($)securities	Dec. 31, 2016USD ($)securities
Investments, Debt and Equity Securities [Abstract]
Number of fixed maturities in an unrealized loss position greater than 12 months | securities	634	794
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	$ 8,402	$ 9,702
Less Than 12 Months, Gross Unrealized Losses	(458)	(754)
Greater than 12 Months, Fair Value	568	652
Greater Than 12 Months, Gross Unrealized Losses	(62)	(105)
Total, Fair Value	8,970	10,354
Total, Gross Unrealized Losses	(520)	(859)
Public corporate
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	2,032	2,455
Less Than 12 Months, Gross Unrealized Losses	(40)	(75)
Greater than 12 Months, Fair Value	149	113
Greater Than 12 Months, Gross Unrealized Losses	(5)	(6)
Total, Fair Value	2,181	2,568
Total, Gross Unrealized Losses	(45)	(81)
Private corporate
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	1,108	1,483
Less Than 12 Months, Gross Unrealized Losses	(26)	(38)
Greater than 12 Months, Fair Value	155	277
Greater Than 12 Months, Gross Unrealized Losses	(18)	(17)
Total, Fair Value	1,263	1,760
Total, Gross Unrealized Losses	(44)	(55)
U.S. Treasury, government and agency
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	5,153	5,356
Less Than 12 Months, Gross Unrealized Losses	(386)	(624)
Greater than 12 Months, Fair Value	0	0
Greater Than 12 Months, Gross Unrealized Losses	0	0
Total, Fair Value	5,153	5,356
Total, Gross Unrealized Losses	(386)	(624)
State and Political Sub- divisions
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	0	0
Less Than 12 Months, Gross Unrealized Losses	0	0
Greater than 12 Months, Fair Value	19	18
Greater Than 12 Months, Gross Unrealized Losses	(1)	(2)
Total, Fair Value	19	18
Total, Gross Unrealized Losses	(1)	(2)
Foreign Govts
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	46	73
Less Than 12 Months, Gross Unrealized Losses	(1)	(3)
Greater than 12 Months, Fair Value	35	49
Greater Than 12 Months, Gross Unrealized Losses	(5)	(11)
Total, Fair Value	81	122
Total, Gross Unrealized Losses	(6)	(14)
Commercial Mortgage- backed
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	39	66
Less Than 12 Months, Gross Unrealized Losses	(5)	(5)
Greater than 12 Months, Fair Value	171	171
Greater Than 12 Months, Gross Unrealized Losses	(31)	(67)
Total, Fair Value	210	237
Total, Gross Unrealized Losses	(36)	(72)
Residential Mortgage- backed
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	13	47
Less Than 12 Months, Gross Unrealized Losses	0	0
Greater than 12 Months, Fair Value	19	4
Greater Than 12 Months, Gross Unrealized Losses	0	0
Total, Fair Value	32	51
Total, Gross Unrealized Losses	0	0
Asset- backed
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	3	4
Less Than 12 Months, Gross Unrealized Losses	0	0
Greater than 12 Months, Fair Value	8	8
Greater Than 12 Months, Gross Unrealized Losses	(1)	(1)
Total, Fair Value	11	12
Total, Gross Unrealized Losses	(1)	(1)
Redeemable Preferred Stock
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	8	218
Less Than 12 Months, Gross Unrealized Losses	0	(9)
Greater than 12 Months, Fair Value	12	12
Greater Than 12 Months, Gross Unrealized Losses	(1)	(1)
Total, Fair Value	20	230
Total, Gross Unrealized Losses	$ (1)	$ (10)

INVESTMENTS (TEXTUAL) (Details)

INVESTMENTS (TEXTUAL) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Jan. 03, 2017
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%
Available-for-sale securities, amortized cost basis	$ 32,371		$ 32,371		$ 32,236
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	62		62		105
Carrying value of fixed maturities non-income producing	2		2
Investment expenses	9	$ 14	29	$ 30
Trading securities, Cost	10,961		10,961		9,177
Trading securities, at fair value	10,969		10,969		9,134
Separate account equity investment carrying value	48		48		63
Separate account equity investment cost	30		30		46
Derecognized US Treasury securities	869		869		995
Proceeds from return swap contract					1,007
Fair value of return swap contracts	18		18
Other Than Investment Grade
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale securities, amortized cost	$ 1,527		$ 1,527		$ 1,574
Percentage of available for sale securities	4.70%		4.70%		4.90%
Public corporate
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Debt securities exposure in single issuer of total investments	$ 179		$ 179		$ 169
Available-for-sale securities, amortized cost basis	12,530		12,530		12,418
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	5		5		6
Fixed Maturities
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Available-for-sale securities, amortized cost basis	$ 32,239		32,239		32,123
Fixed Maturities | Other Than Investment Grade
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Gross Unrealized Losses			20		28
Treasury Lock
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Unrealized gain (loss) TIPS			$ 31		$ 97
Change in Accounting Method Accounted for as Change in Estimate [Member]
Investments In Fixed Maturity Securities Other Disclosure [Abstract]
Gross derivative assets						$ 57
Gross derivative liabilities						$ 0

INVESTMENTS (TRADING SECURITIES

INVESTMENTS (TRADING SECURITIES) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net Realized and Unrealized Gain (Loss) on Trading Securities [Abstract]
Net investment gains (losses) recognized during the period on securities held at the end of the period	$ 57	$ 55	$ 108	$ 119
Net investment gains (losses) recognized on securities sold during the period	23	(4)	25	(10)
Unrealized and realized gains (losses) on trading securities arising during the period	80	51	133	109
Interest and dividend income from trading securities	49	29	89	48
Net investment income (loss) from trading securities	$ 129	$ 80	$ 222	$ 157

INVESTMENTS (TROUBLED DEBT REST

INVESTMENTS (TROUBLED DEBT RESTRUCTURING) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Commercial Mortgage Loans
Financing Receivable, Modifications [Line Items]
Mortgage loans classified as nonaccrual	$ 19	$ 34

INVESTMENTS (VALUATION ALLOWANC

INVESTMENTS (VALUATION ALLOWANCE FOR MORTGAGE LOANS) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Mortgage loans on real estate, valuation allowances	$ 8		$ 8
Commercial Mortgage Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance, January 1,	8	$ 6
Charge-offs	0	0
Recoveries	0	0
Provision	0	1
Ending balance, June 30,	8	7
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Mortgage loans on real estate, valuation allowances	8	$ 7
Agricultural Mortgage Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance, January 1,	0
Ending balance, June 30,	$ 0

INVESTMENTS (MORTGAGE LOANS) (D

INVESTMENTS (MORTGAGE LOANS) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Commercial Mortgage Loans
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	$ 7,905	$ 7,264
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	0	0
Financing receivables, recorded investment, current	7,905	7,264
Total financing receivables	7,905	7,264
Financing receivable, recorded investment, 90 days or more past due and accruing	0	0
Commercial Mortgage Loans | With No Related Allowance Recorded
Impaired Mortgage Loans [Abstract]
Impaired financing receivable, recorded investment	0	15
Impaired financing receivable, unpaid principal balance	0	15
Related allowance	0	0
Impaired financing receivable, average recorded investment	0	22
Impaired financing receivable, interest income recognized	0	0
Commercial Mortgage Loans | With Related Allowance Recorded
Impaired Mortgage Loans [Abstract]
Impaired financing receivable, recorded investment	27	27
Impaired financing receivable, unpaid principal balance	27	27
Related allowance	(8)	(8)
Impaired financing receivable, average recorded investment	27	48
Impaired financing receivable, interest income recognized	1	2
Commercial Mortgage Loans | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	4,907	4,237
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	4,907	4,237
Commercial Mortgage Loans | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	585	590
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	585	590
Commercial Mortgage Loans | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	1,299	989
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	1,299	989
Commercial Mortgage Loans | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	1,018	1,298
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	1,018	1,298
Commercial Mortgage Loans | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	96	104
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	96	104
Commercial Mortgage Loans | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	46
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	46
Commercial Mortgage Loans | 0% - 50%
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	1,121	948
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	1,121	948
Commercial Mortgage Loans | 0% - 50% | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	681	738
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	681	738
Commercial Mortgage Loans | 0% - 50% | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	45	95
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	45	95
Commercial Mortgage Loans | 0% - 50% | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	321	59
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	321	59
Commercial Mortgage Loans | 0% - 50% | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	74	56
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	74	56
Commercial Mortgage Loans | 0% - 50% | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Commercial Mortgage Loans | 0% - 50% | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Commercial Mortgage Loans | 50% - 70%
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	6,030	5,496
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	6,030	5,496
Commercial Mortgage Loans | 50% - 70% | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	3,977	3,217
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	3,977	3,217
Commercial Mortgage Loans | 50% - 70% | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	518	430
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	518	430
Commercial Mortgage Loans | 50% - 70% | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	695	673
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	695	673
Commercial Mortgage Loans | 50% - 70% | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	840	1,100
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	840	1,100
Commercial Mortgage Loans | 50% - 70% | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	76
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	76
Commercial Mortgage Loans | 50% - 70% | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Commercial Mortgage Loans | 70% - 90%
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	727	777
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	727	777
Commercial Mortgage Loans | 70% - 90% | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	249	282
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	249	282
Commercial Mortgage Loans | 70% - 90% | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	22	65
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	22	65
Commercial Mortgage Loans | 70% - 90% | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	256	229
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	256	229
Commercial Mortgage Loans | 70% - 90% | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	104	127
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	104	127
Commercial Mortgage Loans | 70% - 90% | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	96	28
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	96	28
Commercial Mortgage Loans | 70% - 90% | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	46
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	46
Commercial Mortgage Loans | 90% plus
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	27	43
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	27	43
Commercial Mortgage Loans | 90% plus | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Commercial Mortgage Loans | 90% plus | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Commercial Mortgage Loans | 90% plus | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	27	28
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	27	28
Commercial Mortgage Loans | 90% plus | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	15
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	15
Commercial Mortgage Loans | 90% plus | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Commercial Mortgage Loans | 90% plus | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Commercial Mortgage Loans | 30 to 59 Days
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	0	0
Commercial Mortgage Loans | 60 to 89 Days
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	0	0
Commercial Mortgage Loans | 90 Days or More
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	0	0
Agricultural Mortgages [Member] | With No Related Allowance Recorded
Impaired Mortgage Loans [Abstract]
Impaired financing receivable, recorded investment	0	0
Impaired financing receivable, unpaid principal balance	0	0
Related allowance	0	0
Impaired financing receivable, average recorded investment	0	0
Impaired financing receivable, interest income recognized	0	0
Agricultural Mortgages [Member] | With Related Allowance Recorded
Impaired Mortgage Loans [Abstract]
Impaired financing receivable, recorded investment	0	0
Impaired financing receivable, unpaid principal balance	0	0
Related allowance	0	0
Impaired financing receivable, average recorded investment	0	0
Impaired financing receivable, interest income recognized	0	0
Agricultural Mortgage Loans
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	2,506	2,501
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	62	17
Financing receivables, recorded investment, current	2,444	2,484
Total financing receivables	2,506	2,501
Financing receivable, recorded investment, 90 days or more past due and accruing	19	6
Agricultural Mortgage Loans | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	380	395
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	380	395
Agricultural Mortgage Loans | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	198	195
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	198	195
Agricultural Mortgage Loans | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	513	507
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	513	507
Agricultural Mortgage Loans | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	826	805
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	826	805
Agricultural Mortgage Loans | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	498	505
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	498	505
Agricultural Mortgage Loans | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	91	94
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	91	94
Agricultural Mortgage Loans | 0% - 50%
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	1,537	1,491
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	1,537	1,491
Agricultural Mortgage Loans | 0% - 50% | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	255	254
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	255	254
Agricultural Mortgage Loans | 0% - 50% | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	142	138
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	142	138
Agricultural Mortgage Loans | 0% - 50% | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	301	296
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	301	296
Agricultural Mortgage Loans | 0% - 50% | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	501	468
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	501	468
Agricultural Mortgage Loans | 0% - 50% | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	285	286
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	285	286
Agricultural Mortgage Loans | 0% - 50% | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	53	49
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	53	49
Agricultural Mortgage Loans | 50% - 70%
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	965	1,004
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	965	1,004
Agricultural Mortgage Loans | 50% - 70% | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	125	141
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	125	141
Agricultural Mortgage Loans | 50% - 70% | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	56	57
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	56	57
Agricultural Mortgage Loans | 50% - 70% | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	212	209
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	212	209
Agricultural Mortgage Loans | 50% - 70% | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	321	333
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	321	333
Agricultural Mortgage Loans | 50% - 70% | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	213	219
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	213	219
Agricultural Mortgage Loans | 50% - 70% | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	38	45
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	38	45
Agricultural Mortgage Loans | 70% - 90%
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	4	6
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	4	6
Agricultural Mortgage Loans | 70% - 90% | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Agricultural Mortgage Loans | 70% - 90% | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Agricultural Mortgage Loans | 70% - 90% | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	2
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	2
Agricultural Mortgage Loans | 70% - 90% | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	4	4
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	4	4
Agricultural Mortgage Loans | 70% - 90% | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Agricultural Mortgage Loans | 70% - 90% | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Agricultural Mortgage Loans | 90% plus
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Agricultural Mortgage Loans | 90% plus | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Agricultural Mortgage Loans | 90% plus | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Agricultural Mortgage Loans | 90% plus | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Agricultural Mortgage Loans | 90% plus | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Agricultural Mortgage Loans | 90% plus | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Agricultural Mortgage Loans | 90% plus | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Agricultural Mortgage Loans | 30 to 59 Days
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	37	9
Agricultural Mortgage Loans | 60 to 89 Days
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	6	2
Agricultural Mortgage Loans | 90 Days or More
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	19	6
Total Mortgages Loan
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	10,411	9,765
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	62	17
Financing receivables, recorded investment, current	10,349	9,748
Total financing receivables	10,411	9,765
Financing receivable, recorded investment, 90 days or more past due and accruing	19	6
Total Mortgages Loan | With No Related Allowance Recorded
Impaired Mortgage Loans [Abstract]
Impaired financing receivable, recorded investment	0	15
Impaired financing receivable, unpaid principal balance	0	15
Related allowance	0	0
Impaired financing receivable, average recorded investment	0	22
Impaired financing receivable, interest income recognized	0	0
Total Mortgages Loan | With Related Allowance Recorded
Impaired Mortgage Loans [Abstract]
Impaired financing receivable, recorded investment	27	27
Impaired financing receivable, unpaid principal balance	27	27
Related allowance	(8)	(8)
Impaired financing receivable, average recorded investment	27	48
Impaired financing receivable, interest income recognized	1	2
Total Mortgages Loan | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	5,287	4,632
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	5,287	4,632
Total Mortgages Loan | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	783	785
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	783	785
Total Mortgages Loan | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	1,812	1,496
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	1,812	1,496
Total Mortgages Loan | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	1,844	2,103
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	1,844	2,103
Total Mortgages Loan | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	594	609
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	594	609
Total Mortgages Loan | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	91	140
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	91	140
Total Mortgages Loan | 0% - 50%
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	2,658	2,439
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	2,658	2,439
Total Mortgages Loan | 0% - 50% | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	936	992
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	936	992
Total Mortgages Loan | 0% - 50% | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	187	233
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	187	233
Total Mortgages Loan | 0% - 50% | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	622	355
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	622	355
Total Mortgages Loan | 0% - 50% | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	575	524
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	575	524
Total Mortgages Loan | 0% - 50% | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	285	286
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	285	286
Total Mortgages Loan | 0% - 50% | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	53	49
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	53	49
Total Mortgages Loan | 50% - 70%
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	6,995	6,500
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	6,995	6,500
Total Mortgages Loan | 50% - 70% | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	4,102	3,358
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	4,102	3,358
Total Mortgages Loan | 50% - 70% | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	574	487
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	574	487
Total Mortgages Loan | 50% - 70% | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	907	882
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	907	882
Total Mortgages Loan | 50% - 70% | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	1,161	1,433
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	1,161	1,433
Total Mortgages Loan | 50% - 70% | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	213	295
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	213	295
Total Mortgages Loan | 50% - 70% | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	38	45
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	38	45
Total Mortgages Loan | 70% - 90%
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	731	783
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	731	783
Total Mortgages Loan | 70% - 90% | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	249	282
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	249	282
Total Mortgages Loan | 70% - 90% | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	22	65
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	22	65
Total Mortgages Loan | 70% - 90% | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	256	231
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	256	231
Total Mortgages Loan | 70% - 90% | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	108	131
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	108	131
Total Mortgages Loan | 70% - 90% | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	96	28
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	96	28
Total Mortgages Loan | 70% - 90% | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	46
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	46
Total Mortgages Loan | 90% plus
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	27	43
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	27	43
Total Mortgages Loan | 90% plus | Greater than 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Total Mortgages Loan | 90% plus | 1.8x to 2.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Total Mortgages Loan | 90% plus | 1.5x to 1.8x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	27	28
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	27	28
Total Mortgages Loan | 90% plus | 1.2x to 1.5x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	15
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	15
Total Mortgages Loan | 90% plus | 1.0x to 1.2x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Total Mortgages Loan | 90% plus | Less than 1.0x
Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate	0	0
Financing Receivable, Recorded Investment, Aging [Abstract]
Total financing receivables	0	0
Total Mortgages Loan | 30 to 59 Days
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	37	9
Total Mortgages Loan | 60 to 89 Days
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	6	2
Total Mortgages Loan | 90 Days or More
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing receivables, recorded investment, past due	$ 19	$ 6

INVESTMENTS (DERIVATIVES BY CAT

INVESTMENTS (DERIVATIVES BY CATEGORY) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 54,168		$ 50,926
Fair Value Assets Derivatives	14,274		13,585
Fair Value Liabilities Derivatives	4,310		4,211
Gains (losses) included in net earnings (loss)	686	$ 4,102
Other Accrued Liabilities, Current	6
Equity Futures
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	4,542		5,086
Fair Value Assets Derivatives	1		1
Fair Value Liabilities Derivatives	1		1
Gains (losses) included in net earnings (loss)	(328)	(264)
Equity Swaps
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	4,162		3,529
Fair Value Assets Derivatives	7		13
Fair Value Liabilities Derivatives	128		67
Gains (losses) included in net earnings (loss)	(403)	(39)
Equity Option
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	13,844		11,465
Fair Value Assets Derivatives	2,446		2,114
Fair Value Liabilities Derivatives	1,197		1,154
Gains (losses) included in net earnings (loss)	477	135
Floors
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	0		1,500
Fair Value Assets Derivatives	0		11
Fair Value Liabilities Derivatives	0		0
Gains (losses) included in net earnings (loss)	0	6
Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	18,865		18,933
Fair Value Assets Derivatives	405		246
Fair Value Liabilities Derivatives	195		1,163
Gains (losses) included in net earnings (loss)	452	1,573
Interest rate contracts Futures
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	8,218		6,926
Fair Value Assets Derivatives	0		0
Fair Value Liabilities Derivatives	0		0
Gains (losses) included in net earnings (loss)	22	(57)
Interest Rate Swaption
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount			0
Fair Value Assets Derivatives			0
Fair Value Liabilities Derivatives			0
Gains (losses) included in net earnings (loss)		0
Credit Default Swaps
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	3,300		2,757
Fair Value Assets Derivatives	33		20
Fair Value Liabilities Derivatives	13		15
Net Amounts Of Liabilities Presented In Statement Of Financial Position	0
Gains (losses) included in net earnings (loss)	9	0
Cross currency swaps
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	1,237
Fair Value Assets Derivatives	33
Fair Value Liabilities Derivatives	11
Net Amounts Of Liabilities Presented In Statement Of Financial Position	0
Gains (losses) included in net earnings (loss)	(1)
Margin
Derivatives, Fair Value [Line Items]
Fair Value Assets Derivatives	57		107
Fair Value Liabilities Derivatives	0		6
Net Amounts Of Liabilities Presented In Statement Of Financial Position	0		0
Collateralized Securities
Derivatives, Fair Value [Line Items]
Fair Value Assets Derivatives	2		712
Fair Value Liabilities Derivatives	1,475		748
Net Amounts Of Liabilities Presented In Statement Of Financial Position	0
Currency Contracts
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount			730
Fair Value Assets Derivatives			52
Fair Value Liabilities Derivatives			6
Net Amounts Of Liabilities Presented In Statement Of Financial Position			0
Gains (losses) included in net earnings (loss)		(8)
Investment Income
Derivatives, Fair Value [Line Items]
Gains (losses) included in net earnings (loss)	228	1,346
Gmib Reinsurance
Derivatives, Fair Value [Line Items]
Fair Value Assets Derivatives	11,290		10,309
Gains (losses) included in net earnings (loss)	981	2,741
GWBL and Other Features’ liability
Derivatives, Fair Value [Line Items]
Fair Value Liabilities Derivatives	121		164
Gains (losses) included in net earnings (loss)	(43)	146
SCS, SIO, MSO and IUL indexed features’ liability
Derivatives, Fair Value [Line Items]
Fair Value Liabilities Derivatives	1,169		$ 887
Gains (losses) included in net earnings (loss)	$ (480)	$ (131)

INVESTMENTS (EQUITY-BASED AND T

INVESTMENTS (EQUITY-BASED AND TREASURY FUTURE CONTRACTS) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Cash and securities collateral for derivative contract	$ 1,473	$ 755
Collateralized derivative transactions	1	700
Cash and securities collateral	2	820
Exchange Traded Future Contract [Line Items]
Net amounts presented in the balance sheets		(35)
Securities sold under agreements to repurchase	1,797	1,996
Securities sold under agreement to repurchase
Exchange Traded Future Contract [Line Items]
Securities sold under agreements to repurchase	1,791	$ 1,992
S&P 500, Russell 1000, NASDAQ 100 and Emerging Market Indices
Exchange Traded Future Contract [Line Items]
Exchange-Traded Future Contract, Initial Margin Requirement	161
Us Treasury Notes And Euro Dollar
Exchange Traded Future Contract [Line Items]
Exchange-Traded Future Contract, Initial Margin Requirement	16
Euro Stoxx, FTSE100, EAFE And Topix Indices
Exchange Traded Future Contract [Line Items]
Exchange-Traded Future Contract, Initial Margin Requirement	$ 15

INVESTMENTS (DERIVATIVES OFFSET

INVESTMENTS (DERIVATIVES OFFSETING FINANCIAL ASSETS) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets		$ (35)
Fair Value Assets Derivatives	$ 14,274	13,585
Investment Management
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	22	13
Equity Contract
Offsetting Assets [Line Items]
Gross amounts recognized	2,453	2,128
Gross amounts offset in the balance sheets	1,325	1,219
Net amounts presented in the balance sheets	1,128	909
Reverse Repurchase agreements [Abstract]
Gross amount recognized	1,325	1,219
Gross amounts offset in the balance sheets	1,325	1,219
Net Amounts Of Liabilities Presented In Statement Of Financial Position	0	0
Interest Rate Contract
Offsetting Assets [Line Items]
Gross amounts recognized	404	253
Gross amounts offset in the balance sheets	194	1,162
Net amounts presented in the balance sheets	210	(909)
Reverse Repurchase agreements [Abstract]
Gross amount recognized	194	1,162
Gross amounts offset in the balance sheets	194	1,162
Net Amounts Of Liabilities Presented In Statement Of Financial Position	0	0
Credit Risk Contract
Reverse Repurchase agreements [Abstract]
Gross amount recognized		14
Gross amounts offset in the balance sheets		14
Net Amounts Of Liabilities Presented In Statement Of Financial Position		0
Credit Default Swaps
Offsetting Assets [Line Items]
Gross amounts recognized	32	20
Gross amounts offset in the balance sheets	13	14
Net amounts presented in the balance sheets	19	6
Fair Value Assets Derivatives	33	20
Reverse Repurchase agreements [Abstract]
Gross amount recognized	13
Gross amounts offset in the balance sheets	13
Net Amounts Of Liabilities Presented In Statement Of Financial Position	0
Currency Swap
Offsetting Assets [Line Items]
Gross amounts recognized	27
Gross amounts offset in the balance sheets	6
Net amounts presented in the balance sheets	21
Fair Value Assets Derivatives	33
Reverse Repurchase agreements [Abstract]
Gross amount recognized	6
Gross amounts offset in the balance sheets	6
Net Amounts Of Liabilities Presented In Statement Of Financial Position	0
Derivatives Subject to an ISDA Master Agreements
Offsetting Assets [Line Items]
Gross amounts recognized	2,975	3,268
Gross amounts offset in the balance sheets	3,013	3,149
Net amounts presented in the balance sheets	(38)	119
Reverse Repurchase agreements [Abstract]
Gross amount recognized	3,013	3,149
Gross amounts offset in the balance sheets	3,013	3,149
Net Amounts Of Liabilities Presented In Statement Of Financial Position	0	0
Derivatives not subject to an ISDA Master Agreements
Offsetting Assets [Line Items]
Gross amounts recognized	0	4
Gross amounts offset in the balance sheets	0	0
Net amounts presented in the balance sheets	0	4
Reverse Repurchase agreements [Abstract]
Gross amount recognized	0	0
Gross amounts offset in the balance sheets	0	0
Net Amounts Of Liabilities Presented In Statement Of Financial Position	0	0
Total Derivatives
Offsetting Assets [Line Items]
Gross amounts recognized	2,975	3,272
Gross amounts offset in the balance sheets	3,013	3,149
Net amounts presented in the balance sheets	(38)	123
Reverse Repurchase agreements [Abstract]
Gross amount recognized	3,013	3,149
Gross amounts offset in the balance sheets	3,013	3,149
Net Amounts Of Liabilities Presented In Statement Of Financial Position	0	0
Other Financial Instruments
Offsetting Assets [Line Items]
Gross amounts recognized	2,660	2,063
Gross amounts offset in the balance sheets	0	0
Net amounts presented in the balance sheets	2,660	2,063
Other Invested Assets
Offsetting Assets [Line Items]
Gross amounts recognized	5,635	5,335
Gross amounts offset in the balance sheets	3,013	3,149
Net amounts presented in the balance sheets	2,622	2,186
Securities purchased under agreement to resell
Reverse Repurchase agreements [Abstract]
Securities purchased under agreement to resell, gross amount recognized	0	0
Securities purchased under agreement to resell, gross amount offset in the Balance Sheets	0	0
Securities purchased under agreements to resell, net amount presented in the Balance Sheet,	0	0
Other Financial Liabilities
Reverse Repurchase agreements [Abstract]
Gross amount recognized	2,531	2,108
Gross amounts offset in the balance sheets	0	0
Net Amounts Of Liabilities Presented In Statement Of Financial Position	2,531	2,108
Exchange Traded Options | Investment Management | Long
Offsetting Assets [Line Items]
Fair Value Assets Derivatives	8	3
Securities Borrowed | Investment Management
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	55	83
Initial Margin
Offsetting Assets [Line Items]
Fair Value Assets Derivatives		4
Margin
Offsetting Assets [Line Items]
Gross amounts recognized	57	107
Gross amounts offset in the balance sheets	0	6
Net amounts presented in the balance sheets	57	101
Fair Value Assets Derivatives	57	107
Reverse Repurchase agreements [Abstract]
Gross amount recognized	0	6
Gross amounts offset in the balance sheets	0	6
Net Amounts Of Liabilities Presented In Statement Of Financial Position	$ 0	0
Collateral Contracts
Offsetting Assets [Line Items]
Gross amounts recognized		712
Gross amounts offset in the balance sheets		747
Reverse Repurchase agreements [Abstract]
Gross amount recognized		747
Gross amounts offset in the balance sheets		747
Net Amounts Of Liabilities Presented In Statement Of Financial Position		$ 0

INVESTMENTS (DERIVATIVES OFFS51

INVESTMENTS (DERIVATIVES OFFSETING FINANCIAL LIABILITES ) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Offsetting Liabilities [Line Items]
Net amounts presented in the balance sheets		$ (35)
Fair Value Liabilities Derivatives	$ 4,310	4,211
Expense accrual	6
Repurchase agreements [Abstract]
Repurchase agreements, net amount presented on the Balance Sheet	1,797	1,996
Investment Management
Offsetting Liabilities [Line Items]
Net amounts presented in the balance sheets	22	13
Derivative, Collateral, Obligation to Return Cash		(1)
Fair Value Liabilities Derivatives	11	11
Equity Contract
Offsetting Liabilities [Line Items]
Gross amounts recognized	2,453	2,128
Gross amounts offset in the balance sheets	1,325	1,219
Net amounts presented in the balance sheets	1,128	909
Gross amount recognized	1,325	1,219
Gross amounts offset in the balance sheets	1,325	1,219
Net amounts presented in the balance sheets	0	0
Interest Rate Contract
Offsetting Liabilities [Line Items]
Gross amounts recognized	404	253
Gross amounts offset in the balance sheets	194	1,162
Net amounts presented in the balance sheets	210	(909)
Gross amount recognized	194	1,162
Gross amounts offset in the balance sheets	194	1,162
Net amounts presented in the balance sheets	0	0
Credit Risk Contract
Offsetting Liabilities [Line Items]
Gross amount recognized		14
Gross amounts offset in the balance sheets		14
Net amounts presented in the balance sheets		0
Credit Default Swaps
Offsetting Liabilities [Line Items]
Gross amounts recognized	32	20
Gross amounts offset in the balance sheets	13	14
Net amounts presented in the balance sheets	19	6
Gross amount recognized	13
Gross amounts offset in the balance sheets	13
Net amounts presented in the balance sheets	0
Fair Value Liabilities Derivatives	13	15
Currency Contracts
Offsetting Liabilities [Line Items]
Gross amounts recognized		48
Gross amounts offset in the balance sheets		1
Net amounts presented in the balance sheets		47
Gross amount recognized		1
Gross amounts offset in the balance sheets		1
Net amounts presented in the balance sheets		0
Fair Value Liabilities Derivatives		6
Margin
Offsetting Liabilities [Line Items]
Gross amounts recognized	57	107
Gross amounts offset in the balance sheets	0	6
Net amounts presented in the balance sheets	57	101
Gross amount recognized	0	6
Gross amounts offset in the balance sheets	0	6
Net amounts presented in the balance sheets	0	0
Fair Value Liabilities Derivatives	0	6
Collateral Contracts
Offsetting Liabilities [Line Items]
Gross amounts recognized		712
Gross amounts offset in the balance sheets		747
Gross amount recognized		747
Gross amounts offset in the balance sheets		747
Net amounts presented in the balance sheets		0
Currency Swap
Offsetting Liabilities [Line Items]
Gross amounts recognized	27
Gross amounts offset in the balance sheets	6
Net amounts presented in the balance sheets	21
Gross amount recognized	6
Gross amounts offset in the balance sheets	6
Net amounts presented in the balance sheets	0
Fair Value Liabilities Derivatives	11
Collateralized Securities
Offsetting Liabilities [Line Items]
Gross amounts recognized	2
Gross amounts offset in the balance sheets	1,475
Net amounts presented in the balance sheets	(1,473)
Gross amount recognized	1,475
Gross amounts offset in the balance sheets	1,475
Net amounts presented in the balance sheets	0
Fair Value Liabilities Derivatives	1,475	748
Derivatives Subject to an ISDA Master Agreements
Offsetting Liabilities [Line Items]
Gross amounts recognized	2,975	3,268
Gross amounts offset in the balance sheets	3,013	3,149
Net amounts presented in the balance sheets	(38)	119
Gross amount recognized	3,013	3,149
Gross amounts offset in the balance sheets	3,013	3,149
Net amounts presented in the balance sheets	0	0
Derivatives not subject to an ISDA Master Agreements
Offsetting Liabilities [Line Items]
Gross amounts recognized	0	4
Gross amounts offset in the balance sheets	0	0
Net amounts presented in the balance sheets	0	4
Gross amount recognized	0	0
Gross amounts offset in the balance sheets	0	0
Net amounts presented in the balance sheets	0	0
Total Derivatives
Offsetting Liabilities [Line Items]
Gross amounts recognized	2,975	3,272
Gross amounts offset in the balance sheets	3,013	3,149
Net amounts presented in the balance sheets	(38)	123
Gross amount recognized	3,013	3,149
Gross amounts offset in the balance sheets	3,013	3,149
Net amounts presented in the balance sheets	0	0
Other Financial Liabilities
Offsetting Liabilities [Line Items]
Gross amount recognized	2,531	2,108
Gross amounts offset in the balance sheets	0	0
Net amounts presented in the balance sheets	2,531	2,108
Other Liabilities
Offsetting Liabilities [Line Items]
Gross amount recognized	5,544	5,257
Gross amounts offset in the balance sheets	3,013	3,149
Net amounts presented in the balance sheets	2,531	2,108
Securities sold under agreement to repurchase
Repurchase agreements [Abstract]
Securities sold under agreements to repurchase, gross amount recognized	1,791	1,992
Securities sold under agreement to repurchase, gross amount offset in the Balance Sheets	0	0
Repurchase agreements, net amount presented on the Balance Sheet	1,791	1,992
Exchange Traded Options | Investment Management | Short
Offsetting Liabilities [Line Items]
Fair Value Liabilities Derivatives	8	1
Securities Loaned | Investment Management
Offsetting Liabilities [Line Items]
Net amounts presented in the balance sheets	29	10
Securities sold under agreement to repurchase
Repurchase agreements [Abstract]
Repurchase agreements, net amount presented on the Balance Sheet	1,791	1,992
Other Financial Instruments
Offsetting Liabilities [Line Items]
Net amounts presented in the balance sheets	1,244	2,067
Derivative, Collateral, Obligation to Return Cash	0	0
Total Derivatives
Offsetting Liabilities [Line Items]
Net amounts presented in the balance sheets	1,378	53
Derivative, Collateral, Obligation to Return Cash	(1,416)	66
Other
Offsetting Liabilities [Line Items]
Net amounts presented in the balance sheets	2,622	2,120
Derivative, Collateral, Obligation to Return Cash	$ (1,416)	$ 66

INVESTMENTS (DERIVATIVES GROSS

INVESTMENTS (DERIVATIVES GROSS COLLATERAL AMOUNTS ASSETS) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Offsetting Assets [Line Items]
Repurchase agreements, net amount presented on the Balance Sheet	$ 1,797	$ 1,996
Net amounts presented in the balance sheets		(35)
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	14,274	13,585
Investment Management
Offsetting Assets [Line Items]
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash		(8)
Net amounts presented in the balance sheets	22	13
Callateral Cash (Received)		(1)
Counterparty C
Offsetting Assets [Line Items]
Repurchase agreements, net amount presented on the Balance Sheet	191
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities	(234)
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash	0
Securities Borrowed | Investment Management
Offsetting Assets [Line Items]
Derivative Asset, Fair Value, Amount Offset Against Collateral		83
Variable Interest Entity, Primary Beneficiary | Investment Management
Offsetting Assets [Line Items]
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash	(8)
Callateral Cash (Received)	0
Securities sold under agreement to repurchase
Offsetting Assets [Line Items]
Repurchase agreements, net amount presented on the Balance Sheet	1,791	1,992
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities	(1,951)	(1,986)
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash	0	(2)
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral	(160)	4
Reverse repurchase agreements [Abstract]
Securities purchased under agreements to resell, net amount presented in the Balance Sheet,		0
Reverse repurchase agreements, collateral securities received		0
Reverse repurchase agreements, collateral cash received		0
Reverse repurchase agreements, net amounts		0
Securities sold under agreement to repurchase | Counterparty C
Offsetting Assets [Line Items]
Repurchase agreements, net amount presented on the Balance Sheet		302
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities		(296)
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash		(2)
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral	(43)	4
Securities sold under agreement to repurchase | Counterparty D
Offsetting Assets [Line Items]
Repurchase agreements, net amount presented on the Balance Sheet	972	767
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities	(1,076)	(767)
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash	0	0
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral	(104)	0
Securities sold under agreement to repurchase | Counterparty M
Offsetting Assets [Line Items]
Repurchase agreements, net amount presented on the Balance Sheet		410
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities		(410)
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash		0
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral		0
Reverse repurchase agreements [Abstract]
Securities purchased under agreements to resell, net amount presented in the Balance Sheet,		0
Reverse repurchase agreements, collateral securities received		0
Reverse repurchase agreements, collateral cash received		0
Reverse repurchase agreements, net amounts		0
Securities sold under agreement to repurchase | Counterparty V
Reverse repurchase agreements [Abstract]
Securities purchased under agreements to resell, net amount presented in the Balance Sheet,		0
Reverse repurchase agreements, collateral securities received		0
Reverse repurchase agreements, collateral cash received		0
Reverse repurchase agreements, net amounts		0
Securities sold under agreement to repurchase | Counterparty W
Offsetting Assets [Line Items]
Repurchase agreements, net amount presented on the Balance Sheet	628	513
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities	(641)	(513)
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash	0	0
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral	(13)	0
Other
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	2,622	2,120
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(1,416)	66
Derivative Asset, Fair Value, Amount Offset Against Collateral	1,206	2,186
Derivative
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	1,378	53
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(1,416)	66
Derivative Asset, Fair Value, Amount Offset Against Collateral	(38)	119
Derivative | Counterparty A
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	49	46
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(50)	(48)
Derivative Asset, Fair Value, Amount Offset Against Collateral	(1)	(2)
Derivative | Counterparty B
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	(1)	(128)
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	2	132
Derivative Asset, Fair Value, Amount Offset Against Collateral	1	4
Derivative | Counterparty C
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	94	(116)
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(94)	138
Derivative Asset, Fair Value, Amount Offset Against Collateral	0	22
Derivative | Counterparty D
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	176	182
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(178)	(176)
Derivative Asset, Fair Value, Amount Offset Against Collateral	(2)	6
Derivative | Counterparty E
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	33	(65)
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(38)	83
Derivative Asset, Fair Value, Amount Offset Against Collateral	(5)	18
Derivative | Counterparty F
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	103	(3)
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(114)	16
Derivative Asset, Fair Value, Amount Offset Against Collateral	(11)	13
Derivative | Counterparty G
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	282	219
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(290)	(214)
Derivative Asset, Fair Value, Amount Offset Against Collateral	(8)	5
Derivative | Counterparty H
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	223	104
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(225)	(110)
Derivative Asset, Fair Value, Amount Offset Against Collateral	(2)	(6)
Derivative | Counterparty I
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	43	(188)
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(53)	203
Derivative Asset, Fair Value, Amount Offset Against Collateral	(10)	15
Derivative | Counterparty J
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	(50)	(93)
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	53	115
Derivative Asset, Fair Value, Amount Offset Against Collateral	3	22
Derivative | Counterparty K
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	105	92
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(116)	(96)
Derivative Asset, Fair Value, Amount Offset Against Collateral	(11)	(4)
Derivative | Counterparty L
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	3	(3)
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(7)	3
Derivative Asset, Fair Value, Amount Offset Against Collateral	(4)	0
Derivative | Counterparty M
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	124	(105)
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(117)	120
Derivative Asset, Fair Value, Amount Offset Against Collateral	7	15
Derivative | Counterparty N
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	0	4
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	0	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	0	4
Derivative | Counterparty Q
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	13	10
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(12)	(11)
Derivative Asset, Fair Value, Amount Offset Against Collateral	1	(1)
Derivative | Counterparty T
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	24	0
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(24)	2
Derivative Asset, Fair Value, Amount Offset Against Collateral	0	2
Derivative | Counterparty U
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	30	1
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(27)	10
Derivative Asset, Fair Value, Amount Offset Against Collateral	3	11
Derivative | Counterparty V
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	127	96
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	(126)	(101)
Derivative Asset, Fair Value, Amount Offset Against Collateral	1	(5)
Other Financial Instruments
Offsetting Assets [Line Items]
Net amounts presented in the balance sheets	1,244	2,067
Calleteral Securities (Received)	0	0
Callateral Cash (Received)	0	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	1,244	$ 2,067
Securities purchased under agreement to resell
Reverse repurchase agreements [Abstract]
Securities purchased under agreements to resell, net amount presented in the Balance Sheet,	0
Reverse repurchase agreements, collateral securities received	0
Reverse repurchase agreements, collateral cash received	0
Reverse repurchase agreements, net amounts	$ 0

INVESTMENTS (DERIVATIVES GROS53

INVESTMENTS (DERIVATIVES GROSS COLLATERAL AMOUNTS LIABILITES) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Offsetting Liabilities [Line Items]
Repurchase agreements, net amount presented on the balance sheet	$ 1,797	$ 1,996
Investment Management
Offsetting Liabilities [Line Items]
Repurchase agreements, collateral cash held		(8)
Counterparty C
Offsetting Liabilities [Line Items]
Repurchase agreements, net amount presented on the balance sheet	191
Repurchase agreements, collateral securities held	(234)
Repurchase agreements, collateral cash held	0
Securities sold under agreement to repurchase
Offsetting Liabilities [Line Items]
Repurchase agreements, net amount presented on the balance sheet	1,791	1,992
Repurchase agreements, collateral securities held	(1,951)	(1,986)
Repurchase agreements, collateral cash held	0	(2)
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral	(160)	4
Securities sold under agreement to repurchase | Counterparty D
Offsetting Liabilities [Line Items]
Repurchase agreements, net amount presented on the balance sheet	972	767
Repurchase agreements, collateral securities held	(1,076)	(767)
Repurchase agreements, collateral cash held	0	0
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral	(104)	0
Securities sold under agreement to repurchase | Counterparty C
Offsetting Liabilities [Line Items]
Repurchase agreements, net amount presented on the balance sheet		302
Repurchase agreements, collateral securities held		(296)
Repurchase agreements, collateral cash held		(2)
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral	(43)	4
Securities sold under agreement to repurchase | Counterparty M
Offsetting Liabilities [Line Items]
Repurchase agreements, net amount presented on the balance sheet		410
Repurchase agreements, collateral securities held		(410)
Repurchase agreements, collateral cash held		0
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral		0
Securities sold under agreement to repurchase | Counterparty W
Offsetting Liabilities [Line Items]
Repurchase agreements, net amount presented on the balance sheet	628	513
Repurchase agreements, collateral securities held	(641)	(513)
Repurchase agreements, collateral cash held	0	0
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral	(13)	$ 0
Variable Interest Entity, Primary Beneficiary | Investment Management
Offsetting Liabilities [Line Items]
Repurchase agreements, collateral cash held	$ (8)

INVESTMENTS (REPURCHASE AGREEME

INVESTMENTS (REPURCHASE AGREEMENTS ACCCOUNTED FOR AS BORROWINGS) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Repurchase agreements accounted for as secured borrowings [Line Items]
Repurchase agreements	$ 1,791	$ 1,992
Reverse repurchase agreements	0
Net amounts presented in the balance sheets		(35)
Maturity Overnight
Repurchase agreements accounted for as secured borrowings [Line Items]
Repurchase agreements	0	0
Reverse repurchase agreements	0
Maturity up to 30 days
Repurchase agreements accounted for as secured borrowings [Line Items]
Repurchase agreements	1,791	1,992
Reverse repurchase agreements	0
Maturity 30 to 90 Days
Repurchase agreements accounted for as secured borrowings [Line Items]
Repurchase agreements	0	0
Reverse repurchase agreements	0
Maturity over 90 days
Repurchase agreements accounted for as secured borrowings [Line Items]
Repurchase agreements	0	0
Reverse repurchase agreements	0
U.S. Treasury, government and agency
Repurchase agreements accounted for as secured borrowings [Line Items]
Repurchase agreements	1,791	1,992
U.S. Treasury, government and agency | Maturity Overnight
Repurchase agreements accounted for as secured borrowings [Line Items]
Repurchase agreements	0	0
U.S. Treasury, government and agency | Maturity up to 30 days
Repurchase agreements accounted for as secured borrowings [Line Items]
Repurchase agreements	1,791	1,992
U.S. Treasury, government and agency | Maturity 30 to 90 Days
Repurchase agreements accounted for as secured borrowings [Line Items]
Repurchase agreements	0	0
U.S. Treasury, government and agency | Maturity over 90 days
Repurchase agreements accounted for as secured borrowings [Line Items]
Repurchase agreements	0	0
Public corporate
Repurchase agreements accounted for as secured borrowings [Line Items]
Reverse repurchase agreements	0
Public corporate | Maturity Overnight
Repurchase agreements accounted for as secured borrowings [Line Items]
Reverse repurchase agreements	0
Public corporate | Maturity up to 30 days
Repurchase agreements accounted for as secured borrowings [Line Items]
Reverse repurchase agreements	0
Public corporate | Maturity 30 to 90 Days
Repurchase agreements accounted for as secured borrowings [Line Items]
Reverse repurchase agreements	0
Public corporate | Maturity over 90 days
Repurchase agreements accounted for as secured borrowings [Line Items]
Reverse repurchase agreements	0
Investment Management
Repurchase agreements accounted for as secured borrowings [Line Items]
Net amounts presented in the balance sheets	22	13
Securities Loaned		0
Securities Borrowed | Investment Management
Repurchase agreements accounted for as secured borrowings [Line Items]
Net amounts presented in the balance sheets	$ 55	$ 83

CLOSED BLOCK (Details)

CLOSED BLOCK (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
CLOSED BLOCK LIABILITIES:
Future policy benefits, policyholders’ account balances and other	$ 7,067	$ 7,179
Policyholder dividend obligation	47	52	$ 221	$ 81
Other liabilities	204	43
Total Closed Block liabilities	7,318	7,274
ASSETS DESIGNATED TO THE CLOSED BLOCK:
Fixed maturities, available for sale, at fair value (amortized cost of $4,092 and $3,884)	4,267	4,025
Mortgage loans on real estate	1,791	1,623
Policy loans	805	839
Cash and other invested assets	136	444
Other assets	173	181
Total assets designated to the Closed Block	7,172	7,112
Excess of Closed Block liabilities over assets designated to the Closed Block	146	162
Closed Block Assets and Liabilities, Effect on Other Comprehensive Income (Loss) [Abstract]
Net unrealized investment gains (losses), net of policyholder dividend obligation of $(47) and $(52)	139	100
Maximum Future Earnings To Be Recognized From Closed Block Assets and Liabilities	$ 285	$ 262

CLOSED BLOCK (REVENUES AND EXPE

CLOSED BLOCK (REVENUES AND EXPENSES) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
REVENUES:
Premiums and other income	$ 57	$ 60	$ 115	$ 122
Net investment income (loss)	79	84	162	174
Net investment gains (losses)	(1)	0	(16)	1
Total revenues	135	144	261	297
BENEFITS AND OTHER DEDUCTIONS:
Policyholders’ benefits and dividends	129	138	284	273
Other operating costs and expenses	1	1	1	2
Total benefits and other deductions	130	139	285	275
Net revenues (loss) before income taxes	5	5	(24)	22
Income tax (expense) benefit	(2)	3	8	(8)
Net Revenues (Losses)	3	8	(16)	14
Closed Block Investments, Fixed Maturity, Available-for-sale, Amortized Cost	4,092		4,092		$ 3,884
Closed Block Liabilities Policyholder Dividend Obligation	$ (47)	$ (221)	$ (47)	$ (221)	$ (52)	$ (81)

CLOSED BLOCK (RECONCILIATION OF

CLOSED BLOCK (RECONCILIATION OF POLICYHOLDER DIVIDEND OBLIGATION) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Movement in Closed Block Dividend Obligation [Roll Forward]
Balances, beginning of year	$ 52	$ 81
Unrealized investment gains (losses), net of DAC	(5)	140
Balances, end of year	$ 47	$ 221

GMDB, GMIB, GIB, GWBL AND OTH58

GMDB, GMIB, GIB, GWBL AND OTHER FEATURES AND NO LAPSE GUARANTEE FEATURES (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Movement In Guaranteed Benefit Liability Gross [Line Items]
Balance, beginning of period	$ 8,789	$ 8,283
Paid guarantee benefits	(268)	(413)
Other changes in reserve	1,523	1,441
Balance, end of period	10,044	9,311
Guaranteed Minimum Death Benefit
Movement In Guaranteed Benefit Liability Gross [Line Items]
Balance, beginning of period	3,212	2,986
Paid guarantee benefits	(189)	(195)
Other changes in reserve	651	361
Balance, end of period	3,674	3,152
Guaranteed Minimum Income Benefit
Movement In Guaranteed Benefit Liability Gross [Line Items]
Balance, beginning of period	5,577	5,297
Paid guarantee benefits	(79)	(218)
Other changes in reserve	872	1,080
Balance, end of period	$ 6,370	$ 6,159

GMDB, GMIB, GIB, GWBL AND OTH59

GMDB, GMIB, GIB, GWBL AND OTHER FEATURES AND NO LAPSE GUARANTEE FEATURES 1 (Details) - Guaranteed Minimum Death Benefit - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Guaranteed Minimum Death Benefit Reinsurance Ceded [Abstract]
Balance, beginning of year	$ 1,558	$ 1,430
Paid guarantee benefits	(91)	(92)
Other changes in reserve	366	192
Balance, End of Period	$ 1,833	$ 1,530

GMDB, GMIB, GIB, GWBL AND OTH60

GMDB, GMIB, GIB, GWBL AND OTHER FEATURES AND NO LAPSE GUARANTEE FEATURES 2 (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Net Amount at Risk by Product and Guarantee [Line Items]
SCS, SIO, MSO, IUL, GWBL and other guaranteed benefits related liability	$ 1,290	$ 1,290	$ 1,051
Guaranteed Minimum Death Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Account Value Invested In General Account	14,195	14,195
Account Value Invested In Separate Accounts	90,512	90,512	86,890
Net amount at risk, gross	18,475	18,475
Net amount at risk, net of amounts reinsured	$ 8,466	$ 8,466
Average attained age of contractholders (in years)	55 years 1 month 6 days
Percentage of contractholders over age 70		17.70%
Guaranteed Minimum Death Benefit | Minimum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		3.00%
Guaranteed Minimum Death Benefit | Maximum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		6.50%
Guaranteed Minimum Death Benefit | Return of Premium
Net Amount at Risk by Product and Guarantee [Line Items]
Account Value Invested In General Account	$ 13,799	$ 13,799
Account Value Invested In Separate Accounts	43,056	43,056
Net amount at risk, gross	190	190
Net amount at risk, net of amounts reinsured	$ 190	$ 190
Average attained age of contractholders (in years)	51 years 3 months 18 days
Percentage of contractholders over age 70		9.50%
Guaranteed Minimum Death Benefit | Ratchet
Net Amount at Risk by Product and Guarantee [Line Items]
Account Value Invested In General Account	$ 115	$ 115
Account Value Invested In Separate Accounts	9,232	9,232
Net amount at risk, gross	79	79
Net amount at risk, net of amounts reinsured	$ 55	$ 55
Average attained age of contractholders (in years)	66 years 1 month 6 days
Percentage of contractholders over age 70		38.50%
Guaranteed Minimum Death Benefit | Roll-Up
Net Amount at Risk by Product and Guarantee [Line Items]
Account Value Invested In General Account	$ 68	$ 68
Account Value Invested In Separate Accounts	3,441	3,441
Net amount at risk, gross	2,127	2,127
Net amount at risk, net of amounts reinsured	$ 1,452	$ 1,452
Average attained age of contractholders (in years)	72 years 7 months 6 days
Percentage of contractholders over age 70		61.70%
Guaranteed Minimum Death Benefit | Roll-Up | Minimum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		3.00%
Guaranteed Minimum Death Benefit | Roll-Up | Maximum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		6.00%
Guaranteed Minimum Death Benefit | Roll-Up
Net Amount at Risk by Product and Guarantee [Line Items]
Account Value Invested In General Account	$ 213	$ 213
Account Value Invested In Separate Accounts	34,783	34,783
Net amount at risk, gross	16,079	16,079
Net amount at risk, net of amounts reinsured	$ 6,769	$ 6,769
Average attained age of contractholders (in years)	67 years 10 months 24 days
Percentage of contractholders over age 70		44.70%
Guaranteed Minimum Death Benefit | Roll-Up | Minimum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		3.00%
Guaranteed Minimum Death Benefit | Roll-Up | Maximum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		6.50%
Guaranteed Minimum Income Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Account Value Invested In General Account	$ 337	$ 337
Account Value Invested In Separate Accounts	59,945	59,945	$ 57,848
Net amount at risk, gross	7,870	7,870
Net amount at risk, net of amounts reinsured	$ 2,020	$ 2,020
Weighted average years remaining until annuitization	1 year 1 month 6 days
Guaranteed Minimum Income Benefit | Minimum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		3.00%
Guaranteed Minimum Income Benefit | Maximum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		6.50%
Guaranteed Minimum Income Benefit | Roll-Up
Net Amount at Risk by Product and Guarantee [Line Items]
Account Value Invested In General Account	$ 28	$ 28
Account Value Invested In Separate Accounts	19,636	19,636
Net amount at risk, gross	1,026	1,026
Net amount at risk, net of amounts reinsured	$ 318	$ 318
Weighted average years remaining until annuitization	1 year 8 months 12 days
Guaranteed Minimum Income Benefit | Roll-Up | Minimum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		3.00%
Guaranteed Minimum Income Benefit | Roll-Up | Maximum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		6.00%
Guaranteed Minimum Income Benefit | Roll-Up
Net Amount at Risk by Product and Guarantee [Line Items]
Account Value Invested In General Account	$ 309	$ 309
Account Value Invested In Separate Accounts	40,309	40,309
Net amount at risk, gross	6,844	6,844
Net amount at risk, net of amounts reinsured	$ 1,702	$ 1,702
Weighted average years remaining until annuitization	1 year
Guaranteed Minimum Income Benefit | Roll-Up | Minimum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		3.00%
Guaranteed Minimum Income Benefit | Roll-Up | Maximum
Net Amount at Risk by Product and Guarantee [Line Items]
Range of contractually specified interest rates (as a percent)		6.50%
Non Affiliated Entity [Member] | Guaranteed Minimum Death Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Exposure Reinsured Percentage, Quota Share of Liabilities for Variable Annuities	3.70%	3.70%
Non Affiliated Entity [Member] | Guaranteed Minimum Income Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Exposure Reinsured Percentage, Quota Share of Liabilities for Variable Annuities	17.20%	17.20%
Affiliates | Guaranteed Minimum Death Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Exposure Reinsured Percentage, Quota Share of Liabilities for Variable Annuities	50.50%	50.50%
Affiliates | Guaranteed Minimum Income Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Exposure Reinsured Percentage, Quota Share of Liabilities for Variable Annuities	57.10%	57.10%

GMDB, GMIB, GIB, GWBL AND OTH61

GMDB, GMIB, GIB, GWBL AND OTHER FEATURES AND NO LAPSE GUARANTEE FEATURES 3 (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Guaranteed Minimum Death Benefit
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Separate Account Investments by Investment Category	$ 90,512	$ 86,890
Price Risk Fair Value Hedge Derivative On Balance Sheet [Abstract]
Account value hedged of variable annuity contracts	53,735
Net amount at risk hedged of variable annuity contracts	7,444
Guaranteed Minimum Income Benefit
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Separate Account Investments by Investment Category	59,945	57,848
Price Risk Fair Value Hedge Derivative On Balance Sheet [Abstract]
Account value hedged of variable annuity contracts	40,250
Net amount at risk hedged of variable annuity contracts	3,058
Equity | Guaranteed Minimum Death Benefit
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Separate Account Investments by Investment Category	73,817	69,625
Equity | Guaranteed Minimum Income Benefit
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Separate Account Investments by Investment Category	48,065	45,931
Fixed income | Guaranteed Minimum Death Benefit
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Separate Account Investments by Investment Category	2,334	2,483
Fixed income | Guaranteed Minimum Income Benefit
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Separate Account Investments by Investment Category	1,626	1,671
Balanced | Guaranteed Minimum Death Benefit
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Separate Account Investments by Investment Category	14,054	14,434
Balanced | Guaranteed Minimum Income Benefit
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Separate Account Investments by Investment Category	10,116	10,097
Other | Guaranteed Minimum Death Benefit
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Separate Account Investments by Investment Category	307	348
Other | Guaranteed Minimum Income Benefit
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Separate Account Investments by Investment Category	$ 138	$ 149

GMDB, GMIB, GIB, GWBL AND OTH62

GMDB, GMIB, GIB, GWBL AND OTHER FEATURES AND NO LAPSE GUARANTEE FEATURES 4 (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Direct Liability, Gross [Roll Forward]
Balance, beginning of period	$ 8,789	$ 8,283
Balance, end of period	10,044	9,311
Direct Liability
Direct Liability, Gross [Roll Forward]
Balance, beginning of period	1,202	1,084
Other changes in reserves	120	85
Balance, end of period	1,322	1,169
Reinsurance Ceded
Reinsurance Ceded [Roll Forward]
Balance, beginning of period	(623)	(539)
Other changes in reserves	(21)	(32)
Balance, end of period	(644)	(571)
Net
Direct Liability, Net [Roll Forward]
Balance, beginning of period	579	545
Other changes in reserves	99	53
Balance, end of period	$ 678	$ 598

FAIR VALUE DISCLOSURES (FAIR VA

FAIR VALUE DISCLOSURES (FAIR VALUE MEASUREMENTS) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	$ 33,510	$ 32,683
Trading securities	10,969	9,134
Fair Value, Measurements, Recurring
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	33,378	32,570
Other equity investments	8	8
Trading securities	10,969	9,134
Other invested assets	3,302	1,178
Cash equivalents	2,175	1,529
Segregated securities	1,078	946
GMIB reinsurance contract asset	11,290	10,309
Separate Accounts’ assets	116,625	111,216
Total Assets	178,825	166,890
Liabilities, Fair Value Disclosure [Abstract]
Contingent payment arrangements	17	18
Total Liabilities	1,717	1,319
Fair Value, Measurements, Recurring | Corporate
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	13,230	13,012
Fair Value, Measurements, Recurring | Private corporate
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	7,287	7,040
Fair Value, Measurements, Recurring | U.S. Treasury, government and agency
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	10,849	10,336
Fair Value, Measurements, Recurring | State and Political Sub- divisions
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	484	493
Fair Value, Measurements, Recurring | Foreign Govts
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	367	390
Fair Value, Measurements, Recurring | Commercial Mortgage- backed
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	303	371
Fair Value, Measurements, Recurring | Residential Mortgage- backed
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	281	314
Fair Value, Measurements, Recurring | Asset- backed
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	40	60
Fair Value, Measurements, Recurring | Redeemable Preferred Stock
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	537	554
Fair Value, Measurements, Recurring | Short-term investments
Investment Fair Value Disclosure [Abstract]
Other invested assets	1,261	574
Fair Value, Measurements, Recurring | Assets of Consolidated VIEs/VOEs [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets	661	553
Fair Value, Measurements, Recurring | Swaps
Investment Fair Value Disclosure [Abstract]
Other invested assets	111	(925)
Fair Value, Measurements, Recurring | Credit Default Swaps
Investment Fair Value Disclosure [Abstract]
Other invested assets	20	5
Fair Value, Measurements, Recurring | Futures
Investment Fair Value Disclosure [Abstract]
Other invested assets	0
Fair Value, Measurements, Recurring | Options
Investment Fair Value Disclosure [Abstract]
Other invested assets	1,249	960
Fair Value, Measurements, Recurring | Floors
Investment Fair Value Disclosure [Abstract]
Other invested assets	0	11
Fair Value, Measurements, Recurring | Currency Contracts
Investment Fair Value Disclosure [Abstract]
Other invested assets	0
Fair Value, Measurements, Recurring | GWBL and Other Features’ liability
Liabilities, Fair Value Disclosure [Abstract]
Guarantees, Fair Value Disclosure	121	164
Fair Value, Measurements, Recurring | SCS, SIO, MSO and IUL indexed features’ liability
Liabilities, Fair Value Disclosure [Abstract]
Guarantees, Fair Value Disclosure	1,169	887
Fair Value, Measurements, Recurring | Level 1
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	214	218
Other equity investments	3	3
Trading securities	509	478
Other invested assets	539	342
Cash equivalents	2,175	1,529
Segregated securities	0
Separate Accounts’ assets	113,282	108,085
Total Assets	116,722	110,655
Liabilities, Fair Value Disclosure [Abstract]
Total Liabilities	407	248
Fair Value, Measurements, Recurring | Level 1 | Corporate
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	0
Fair Value, Measurements, Recurring | Level 1 | Redeemable Preferred Stock
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	214	218
Fair Value, Measurements, Recurring | Level 1 | Assets of Consolidated VIEs/VOEs [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets	539	342
Fair Value, Measurements, Recurring | Level 1 | Futures
Investment Fair Value Disclosure [Abstract]
Other invested assets	0
Fair Value, Measurements, Recurring | Level 2
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	31,751	31,091
Other equity investments	0	0
Trading securities	10,460	8,656
Other invested assets	2,760	830
Cash equivalents	0
Segregated securities	1,078	946
Separate Accounts’ assets	3,010	2,818
Total Assets	49,059	44,341
Liabilities, Fair Value Disclosure [Abstract]
Total Liabilities	1,172	889
Fair Value, Measurements, Recurring | Level 2 | Corporate
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	13,157	12,984
Fair Value, Measurements, Recurring | Level 2 | Private corporate
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	6,292	6,223
Fair Value, Measurements, Recurring | Level 2 | U.S. Treasury, government and agency
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	10,849	10,336
Fair Value, Measurements, Recurring | Level 2 | State and Political Sub- divisions
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	442	451
Fair Value, Measurements, Recurring | Level 2 | Foreign Govts
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	367	390
Fair Value, Measurements, Recurring | Level 2 | Commercial Mortgage- backed
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	13	22
Fair Value, Measurements, Recurring | Level 2 | Residential Mortgage- backed
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	281	314
Fair Value, Measurements, Recurring | Level 2 | Asset- backed
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	28	36
Fair Value, Measurements, Recurring | Level 2 | Redeemable Preferred Stock
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	322	335
Fair Value, Measurements, Recurring | Level 2 | Short-term investments
Investment Fair Value Disclosure [Abstract]
Other invested assets	1,261	574
Fair Value, Measurements, Recurring | Level 2 | Assets of Consolidated VIEs/VOEs [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets	119	205
Fair Value, Measurements, Recurring | Level 2 | Swaps
Investment Fair Value Disclosure [Abstract]
Other invested assets	111	(925)
Fair Value, Measurements, Recurring | Level 2 | Credit Default Swaps
Investment Fair Value Disclosure [Abstract]
Other invested assets	20	5
Fair Value, Measurements, Recurring | Level 2 | Futures
Investment Fair Value Disclosure [Abstract]
Other invested assets	0
Fair Value, Measurements, Recurring | Level 2 | Options
Investment Fair Value Disclosure [Abstract]
Other invested assets	1,249	960
Fair Value, Measurements, Recurring | Level 2 | Floors
Investment Fair Value Disclosure [Abstract]
Other invested assets	0	11
Fair Value, Measurements, Recurring | Level 2 | Currency Contracts
Investment Fair Value Disclosure [Abstract]
Other invested assets	0
Fair Value, Measurements, Recurring | Level 2 | GWBL and Other Features’ liability
Liabilities, Fair Value Disclosure [Abstract]
Guarantees, Fair Value Disclosure	0
Fair Value, Measurements, Recurring | Level 2 | SCS, SIO, MSO and IUL indexed features’ liability
Liabilities, Fair Value Disclosure [Abstract]
Guarantees, Fair Value Disclosure	1,169	887
Fair Value, Measurements, Recurring | Level 3
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	1,413	1,261
Other equity investments	5	5
Trading securities	0
Other invested assets	3	6
GMIB reinsurance contract asset	11,290	10,309
Separate Accounts’ assets	333	313
Total Assets	13,044	11,894
Liabilities, Fair Value Disclosure [Abstract]
Contingent payment arrangements	17	18
Total Liabilities	138	182
Fair Value, Measurements, Recurring | Level 3 | Corporate
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	73	28
Fair Value, Measurements, Recurring | Level 3 | Private corporate
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	995	817
Fair Value, Measurements, Recurring | Level 3 | U.S. Treasury, government and agency
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	0
Fair Value, Measurements, Recurring | Level 3 | State and Political Sub- divisions
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	42	42
Fair Value, Measurements, Recurring | Level 3 | Foreign Govts
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 3 | Commercial Mortgage- backed
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	290	349
Fair Value, Measurements, Recurring | Level 3 | Residential Mortgage- backed
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 3 | Asset- backed
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	12	24
Fair Value, Measurements, Recurring | Level 3 | Redeemable Preferred Stock
Investment Fair Value Disclosure [Abstract]
Fixed maturities, available-for-sale	1	1
Fair Value, Measurements, Recurring | Level 3 | Assets of Consolidated VIEs/VOEs [Member]
Investment Fair Value Disclosure [Abstract]
Other invested assets	3	6
Fair Value, Measurements, Recurring | Level 3 | GWBL and Other Features’ liability
Liabilities, Fair Value Disclosure [Abstract]
Guarantees, Fair Value Disclosure	121	164
Variable Interest Entity, Primary Beneficiary | Fair Value, Measurements, Recurring
Liabilities, Fair Value Disclosure [Abstract]
Derivative Liability	410	250
Variable Interest Entity, Primary Beneficiary | Fair Value, Measurements, Recurring | Level 1
Liabilities, Fair Value Disclosure [Abstract]
Derivative Liability	407	248
Variable Interest Entity, Primary Beneficiary | Fair Value, Measurements, Recurring | Level 2
Liabilities, Fair Value Disclosure [Abstract]
Derivative Liability	$ 3	$ 2

FAIR VALUE DISCLOSURES (TEXTUAL

FAIR VALUE DISCLOSURES (TEXTUAL) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Fixed maturities, available-for-sale	$ 33,510	$ 33,510		$ 32,683
Fair value freestanding contract	$ 1,380	$ 1,380		$ 51
Freestanding contract invested assets (as a percent)		41.80%		8.20%
Fair value adjustments on GMIB asset		$ 89		$ 139
Transfers out of Level 3		(6)	$ (43)
Transfers into level 3		$ 13	$ 19
Transfers out of Levels 2 and 3 to Total Equity (as a percent)	0.10%		0.30%
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Assets measured at fair value on recurring basis (as a percent)		70.10%		71.10%
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Assets measured at fair value on recurring basis (as a percent)		28.80%		27.90%
Mortgages and asset-backed securities owned	$ 299	$ 299		$ 340
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Assets measured at fair value on recurring basis (as a percent)		1.10%		1.00%
Mortgages and asset-backed securities owned	302	$ 302		$ 373
Fair value disclosures broker priced	102	102		111
Public Fixed Maturities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Fixed maturities, available-for-sale	25,550	$ 25,550		$ 24,918
Available-for-sale fixed maturity assets measured at fair value on recurring basis (as a percent)		15.30%		16.00%
Private Fixed Maturities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Quantitative Disclosure [Line Items]
Fixed maturities, available-for-sale	$ 7,828	$ 7,828		$ 7,652
Available-for-sale fixed maturity assets measured at fair value on recurring basis (as a percent)		4.70%		4.90%

FAIR VALUE DISCLOSURES (LEVEL 3

FAIR VALUE DISCLOSURES (LEVEL 3 UNOBSERVABLE INPUT RECONCILIATION) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Total Gains Losses Realized Unrealized Included In [Abstract]
Transfers into level 3			$ 13	$ 19
Transfers out of Level 3			(6)	(43)
Corporate | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening Balance	$ 1,014	$ 498	845	420
Total Gains Losses Realized Unrealized Included In [Abstract]
Net investment income (loss)	3	0	4	(1)
Investment Gains (Losses), Net	0	1	0	0
Subtotal	3	1	4	(1)
Other comprehensive income (loss)	(51)	(1)	(6)	8
Purchases	169	97	322	150
Sales	(39)	(58)	(105)	(72)
Transfers into level 3	6	3	13	17
Transfers out of Level 3	(34)	(45)	(5)	(27)
Closing Balance	1,068	495	1,068	495
State and Political Sub- divisions | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening Balance	42	45	42	45
Total Gains Losses Realized Unrealized Included In [Abstract]
Subtotal	0	0
Other comprehensive income (loss)	0	1	0	1
Sales	0	(1)	0	(1)
Closing Balance	42	45	42	45
Foreign Govts | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening Balance	0	0	0	1
Total Gains Losses Realized Unrealized Included In [Abstract]
Subtotal	0	0
Other comprehensive income (loss)			0	0
Transfers into level 3		0
Transfers out of Level 3	0	0	0	1
Closing Balance	0	0	0	0
Commercial Mortgage- backed | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening Balance	324	448	349	503
Total Gains Losses Realized Unrealized Included In [Abstract]
Net investment income (loss)	1	0	1	0
Investment Gains (Losses), Net	(9)	(18)	(20)	(24)
Subtotal	(8)	(18)	(19)	(24)
Other comprehensive income (loss)	7	1	19	(11)
Purchases	0	0	0
Sales	(33)	(27)	(59)	(60)
Transfers out of Level 3	0	(2)	0	(6)
Closing Balance	290	402	290	402
Asset- backed | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening Balance	31	37	24	40
Total Gains Losses Realized Unrealized Included In [Abstract]
Investment Gains (Losses), Net	15		15
Subtotal	15	0	15
Other comprehensive income (loss)	(11)	2	(7)	2
Sales	(18)	(4)	(19)	(7)
Transfers into level 3			0
Transfers out of Level 3	(5)	9	(1)	9
Closing Balance	12	26	12	26
Redeemable Preferred Stock | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening Balance	1	0	1	0
Total Gains Losses Realized Unrealized Included In [Abstract]
Subtotal	0	0
Other comprehensive income (loss)				0
Purchases			0	0
Closing Balance	1	0	1	0
Other Equity Investments | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening Balance	15	25	11	17
Total Gains Losses Realized Unrealized Included In [Abstract]
Net investment income (loss)			0	0
Investment Gains (Losses), Net	0	(1)	0	(1)
Subtotal	0	(1)	0	(1)
Other comprehensive income (loss)		0	0	0
Purchases	0		4	0
Sales			(1)	0
Activity related to consolidated VIEs	(7)		(7)
Transfers into level 3	0		1	2
Transfers out of Level 3	0	(6)	0	0
Closing Balance	8	18	8	18
GMIB Reinsurance Asset | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening Balance	9,795	12,207	10,309	10,570
Total Gains Losses Realized Unrealized Included In [Abstract]
Increase (Decrease) in the Fair Value of the Reinsurance Contract Asset	1,446	1,065	906	2,662
Policyholders’ benefits			0
Subtotal	1,446	1,065	906	2,662
Purchases	70	55	110	110
Sales	(21)	(16)	(35)	(31)
Closing Balance	11,290	13,311	11,290	13,311
Separate Accounts Assets | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening Balance	325	323	313	313
Total Gains Losses Realized Unrealized Included In [Abstract]
Net investment income (loss)		0	0	0
Investment Gains (Losses), Net	8	5	18	13
Subtotal	8	5	18	13
Other comprehensive income (loss)			0	0
Purchases	2	10	6	10
Sales	(1)	(1)	(2)	(1)
Settlements	(1)	(1)	(2)	(2)
Transfers into level 3	0	1	0	1
Transfers out of Level 3	0	(30)	0	(27)
Closing Balance	333	307	333	307
GWBL and Other Features’ Liability | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening Balance	106	265	164	184
Total Gains Losses Realized Unrealized Included In [Abstract]
Policyholders’ benefits	(48)	10	(166)	40
Subtotal	(48)	10	(166)	40
Purchases	63	55	123	106
Closing Balance	121	330	121	330
Contingent Payment Arrangement | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening Balance	17	31	18	31
Total Gains Losses Realized Unrealized Included In [Abstract]
Net investment income (loss)	0	1	0	1
Subtotal	0	1	0	1
Purchases		0	0	0
Settlements	0	(1)	(1)	(1)
Closing Balance	17	31	17	31
Assets and Liabilities Still Held | Corporate | Level 3
Total Gains Losses Realized Unrealized Included In [Abstract]
Other comprehensive income (loss)	(45)	(2)	(4)	9
Assets and Liabilities Still Held | State and Political Sub- divisions | Level 3
Total Gains Losses Realized Unrealized Included In [Abstract]
Other comprehensive income (loss)	0	1	0	1
Assets and Liabilities Still Held | Commercial Mortgage- backed | Level 3
Total Gains Losses Realized Unrealized Included In [Abstract]
Other comprehensive income (loss)	5	(4)	17	(16)
Assets and Liabilities Still Held | Asset- backed | Level 3
Total Gains Losses Realized Unrealized Included In [Abstract]
Other comprehensive income (loss)	(11)	2	(7)	2
Assets and Liabilities Still Held | Fixed Maturities, Available-for-Sale [Member] | Level 3
Total Gains Losses Realized Unrealized Included In [Abstract]
Other comprehensive income (loss)	(51)	(3)	6	(4)
Assets and Liabilities Still Held | Total Debt Maturities Available For Sale | Level 3
Total Gains Losses Realized Unrealized Included In [Abstract]
Investment Gains (Losses), Net	8	6	18	13
Increase (Decrease) in the Fair Value of the Reinsurance Contract Asset	1,495	1,104	981	2,733
Policyholders’ benefits	15	65	(43)	146
Other comprehensive income (loss)	(51)	(3)	6	(4)
Assets and Liabilities Still Held | GMIB Reinsurance Asset | Level 3
Total Gains Losses Realized Unrealized Included In [Abstract]
Increase (Decrease) in the Fair Value of the Reinsurance Contract Asset	1,495	1,104	981	2,733
Assets and Liabilities Still Held | Separate Accounts Assets | Level 3
Total Gains Losses Realized Unrealized Included In [Abstract]
Investment Gains (Losses), Net	8	6	18	13
Assets and Liabilities Still Held | GWBL and Other Features’ Liability | Level 3
Total Gains Losses Realized Unrealized Included In [Abstract]
Policyholders’ benefits	$ 15	$ 65	$ (43)	$ 146

FAIR VALUE DISCLOSURES (UNREALI

FAIR VALUE DISCLOSURES (UNREALIZED GAINS (LOSSES) FOR LEVEL 3 STILL HELD) (Details) - Level 3 - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Corporate
Change in Accounting Estimate [Line Items]
Investment Gains (Losses), Net	$ 0	$ 1	$ 0	$ 0
Other comprehensive income (loss)	(51)	(1)	(6)	8
State and Political Sub- divisions
Change in Accounting Estimate [Line Items]
Other comprehensive income (loss)	0	1	0	1
Commercial Mortgage- backed
Change in Accounting Estimate [Line Items]
Investment Gains (Losses), Net	(9)	(18)	(20)	(24)
Other comprehensive income (loss)	7	1	19	(11)
Asset-backed Securities
Change in Accounting Estimate [Line Items]
Investment Gains (Losses), Net	15		15
Other comprehensive income (loss)	(11)	2	(7)	2
Gmib Reinsurance
Change in Accounting Estimate [Line Items]
Increase (Decrease) in the Fair Value of the Reinsurance Contract Asset	1,446	1,065	906	2,662
Policyholders’ benefits			0
Equity Method Investments
Change in Accounting Estimate [Line Items]
Investment Gains (Losses), Net	0	(1)	0	(1)
Other comprehensive income (loss)		0	0	0
Separate Accounts Assets
Change in Accounting Estimate [Line Items]
Investment Gains (Losses), Net	8	5	18	13
Other comprehensive income (loss)			0	0
GWBL and Other Features’ Liability
Change in Accounting Estimate [Line Items]
Policyholders’ benefits	(48)	10	(166)	40
Assets and Liabilities Still Held | Corporate
Change in Accounting Estimate [Line Items]
Other comprehensive income (loss)	(45)	(2)	(4)	9
Assets and Liabilities Still Held | State and Political Sub- divisions
Change in Accounting Estimate [Line Items]
Other comprehensive income (loss)	0	1	0	1
Assets and Liabilities Still Held | Commercial Mortgage- backed
Change in Accounting Estimate [Line Items]
Other comprehensive income (loss)	5	(4)	17	(16)
Assets and Liabilities Still Held | Asset-backed Securities
Change in Accounting Estimate [Line Items]
Other comprehensive income (loss)	(11)	2	(7)	2
Assets and Liabilities Still Held | Fixed Maturities, Available-for-Sale [Member]
Change in Accounting Estimate [Line Items]
Other comprehensive income (loss)	(51)	(3)	6	(4)
Assets and Liabilities Still Held | Total Debt Maturities Available For Sale
Change in Accounting Estimate [Line Items]
Investment Gains (Losses), Net	8	6	18	13
Increase (Decrease) in the Fair Value of the Reinsurance Contract Asset	1,495	1,104	981	2,733
Other comprehensive income (loss)	(51)	(3)	6	(4)
Policyholders’ benefits	15	65	(43)	146
Assets and Liabilities Still Held | Gmib Reinsurance
Change in Accounting Estimate [Line Items]
Increase (Decrease) in the Fair Value of the Reinsurance Contract Asset	1,495	1,104	981	2,733
Assets and Liabilities Still Held | Separate Accounts Assets
Change in Accounting Estimate [Line Items]
Investment Gains (Losses), Net	8	6	18	13
Assets and Liabilities Still Held | GWBL and Other Features’ Liability
Change in Accounting Estimate [Line Items]
Policyholders’ benefits	$ 15	$ 65	$ (43)	$ 146

FAIR VALUE DISCLOSURES (QUANTIT

FAIR VALUE DISCLOSURES (QUANTITATIVE INFORMATION ABOUT LEVEL 3) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2015
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value measurements not included In quantitative information about level 3	$ 619		$ 619		$ 594
Level 3 fair value measurements not included in quantitative information classified as level 3 (as a percent)	35.30%		35.30%		37.50%
Level 3 fair value measurements not included in quantitative information as a percentage of total assets measured at fair value on a recurring basis (as a percent)	0.40%		0.40%		0.40%
Corporate | Matrix Pricing Model | Private Available For Sale Corporate Securities
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	$ 820		$ 820		$ 691
Percentage of level 3 asset fair value (as a percent)			76.80%		81.80%
Asset-backed Securities | Matrix Pricing Model
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Percentage of level 3 asset fair value (as a percent)			0.00%		8.30%
Separate Accounts | Mortgage Backed Securities
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	13		$ 13		$ 12
Separate Accounts | Asset-backed Securities
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	5		5		3
Separate Accounts | Third Party Appraisal | Mortgage Loans on Real Estate
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	1		1		2
Separate Accounts | Third Party Appraisal | Private Real Estate Fund
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	314		314		295
Separate Accounts | Third Party Appraisal | Private Equity Funds
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	0		0		1
Contingent Payment Arrangement
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	17		$ 17		$ 18
Fair value inputs, assets under management growth rate (as a percent)					18.00%
Minimum | Contingent Payment Arrangement
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, discount rate (as a percent)			1.40%
Fair value inputs, long-term revenue growth rate (as a percent)			4.00%
Maximum | Contingent Payment Arrangement
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, discount rate (as a percent)			6.40%
Fair value inputs, long-term revenue growth rate (as a percent)			31.00%
Level 3 | Gmib Reinsurance | Discounted Cash Flow
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	11,290		$ 11,290		$ 10,309
Level 3 | Corporate | Matrix Pricing Model
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	46		46		55
Level 3 | Corporate | Market Comparable Companies
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	774		774		636
Level 3 | Asset-backed Securities | Matrix Pricing Model
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis					2
Level 3 | Separate Accounts | Third Party Appraisal
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	314		314		295
Level 3 | Separate Accounts | Discounted Cash Flow
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	1		1		3
Level 3 | GMWB and GWBL | Discounted Cash Flow
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	121		121		164
GWBL and Other Features’ Liability | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	121	$ 330	121	$ 330	164	$ 106	$ 265	$ 184
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Policyholder Benefits	(48)	10	(166)	40
US States and Political Subdivisions Debt Securities [Member] | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	1	0	1
Fair value, measurement with unobservable inputs reconciliation, recurring basis	42	45	$ 42	45	$ 42	42	45	45
Other Invested Assets | Market Comparable Companies
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, discount rate (as a percent)			0.00%		0.00%
Other Invested Assets | Minimum | Market Comparable Companies
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, revenue multiple			0		0
Other Invested Assets | Maximum | Market Comparable Companies
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, revenue multiple			0		0
GMWB and GWBL | Minimum | Discounted Cash Flow
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, lapse rates (as a percent)			0.50%		1.00%
Fair value inputs, withdrawal rates (as a percent)			0.00%		0.00%
Fair value input, expected volatility rate (as a percent)			10.00%		11.00%
GMWB and GWBL | Maximum | Discounted Cash Flow
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, lapse rates (as a percent)			11.00%		11.00%
Fair value inputs, withdrawal rates (as a percent)			8.00%		8.00%
Fair value input, expected volatility rate (as a percent)			30.00%		38.00%
Gmib Reinsurance | Minimum | Discounted Cash Flow
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, lapse rates (as a percent)			1.00%		1.50%
Fair value inputs, withdrawal rates (as a percent)			0.00%		0.00%
Fair value inputs, GIMB utilization rates (as a percent)			0.00%		0.00%
Fair value inputs, non-performance risk (bps)			4		5
Fair value input, expected volatility rate (as a percent)			10.00%		11.00%
Gmib Reinsurance | Maximum | Discounted Cash Flow
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, lapse rates (as a percent)			6.30%		5.70%
Fair value inputs, withdrawal rates (as a percent)			8.00%		8.00%
Fair value inputs, GIMB utilization rates (as a percent)			16.00%		16.00%
Fair value inputs, non-performance risk (bps)			9		17
Fair value input, expected volatility rate (as a percent)			30.00%		38.00%
Gmib Reinsurance | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis	11,290	13,311	$ 11,290	13,311	$ 10,309	9,795	12,207	10,570
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Reinsurance Contracts	1,446	1,065	906	2,662
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Policyholder Benefits			$ 0
Separate Accounts | Third Party Appraisal
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, discount rate (as a percent)			6.60%		6.60%
Fair value inputs, capitalization rate (as a percent)			4.70%		4.80%
Fair value inputs, exit capitalization rate (as a percent)			5.70%		5.70%
Separate Accounts | Discounted Cash Flow
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, spread over industry yield curve (bps)			243
Fair value inputs, discount rate (as a percent)			4.00%
Separate Accounts | Minimum | Discounted Cash Flow
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, spread over industry yield curve (bps)					273
Fair value inputs, discount rate (as a percent)					1.10%
Fair value inputs, inflation rate (as a percent)			0.00%		0.00%
Separate Accounts | Maximum | Discounted Cash Flow
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, spread over industry yield curve (bps)					512
Fair value inputs, discount rate (as a percent)					7.00%
Separate Accounts | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)			$ 0	0
Fair value, measurement with unobservable inputs reconciliation, recurring basis	333	307	333	307	$ 313	325	323	313
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Net Investment Gains Losses	8	5	$ 18	13
Asset-backed Securities | Minimum | Matrix Pricing Model
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, spread over industry yield curve (bps)			0		25
Asset-backed Securities | Maximum | Matrix Pricing Model
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, spread over industry yield curve (bps)			0		687
Asset-backed Securities | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(11)	2	$ (7)	2
Fair value, measurement with unobservable inputs reconciliation, recurring basis	12	26	12	26	$ 24	31	37	40
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Net Investment Gains Losses	15		$ 15
Corporate | Minimum | Matrix Pricing Model
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, spread over industry yield curve (bps)			25		0
Corporate | Minimum | Market Comparable Companies
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, earnings before interest, taxes, depreciation and amortization multiple			5.1		4.3
Fair value inputs, discount rate (as a percent)			7.20%		7.00%
Fair value inputs, cash flow multiple			9		14
Corporate | Maximum | Matrix Pricing Model
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, spread over industry yield curve (bps)			565		565
Corporate | Maximum | Market Comparable Companies
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair value inputs, earnings before interest, taxes, depreciation and amortization multiple			27.3		25.6
Fair value inputs, discount rate (as a percent)			17.80%		17.80%
Fair value inputs, cash flow multiple			17.7		16.5
Corporate | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(51)	(1)	$ (6)	8
Fair value, measurement with unobservable inputs reconciliation, recurring basis	1,068	495	1,068	495	$ 845	1,014	498	420
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Net Investment Gains Losses	0	1	0	0
Commercial Mortgage- backed | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	7	1	19	(11)
Fair value, measurement with unobservable inputs reconciliation, recurring basis	290	402	290	402	$ 349	$ 324	$ 448	$ 503
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Net Investment Gains Losses	(9)	(18)	(20)	(24)
Continuing Operations [Member] | GWBL and Other Features’ Liability | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Policyholder Benefits	15	65	(43)	146
Continuing Operations [Member] | Fixed Maturities, Available-for-Sale [Member] | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(51)	(3)	6	(4)
Continuing Operations [Member] | US States and Political Subdivisions Debt Securities [Member] | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	1	0	1
Continuing Operations [Member] | Gmib Reinsurance | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Reinsurance Contracts	1,495	1,104	981	2,733
Continuing Operations [Member] | Separate Accounts | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Net Investment Gains Losses	8	6	18	13
Continuing Operations [Member] | Asset-backed Securities | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(11)	2	(7)	2
Continuing Operations [Member] | Corporate | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(45)	(2)	(4)	9
Continuing Operations [Member] | Commercial Mortgage- backed | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	5	(4)	17	(16)
Continuing Operations [Member] | Total Debt Maturities Available For Sale | Level 3
Fair Value Inputs Assets Quantitative Information 1 [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(51)	(3)	6	(4)
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Reinsurance Contracts	1,495	1,104	981	2,733
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Net Investment Gains Losses	8	6	18	13
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Policyholder Benefits	$ 15	$ 65	$ (43)	$ 146

FAIR VALUE DISCLOSURES (CARRYIN

FAIR VALUE DISCLOSURES (CARRYING VALUES AND FAIR VALUES OF FINANCIAL INSTRUMENTS) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Consolidated Amounts [Abstract]
Mortgage loans on real estate	$ 10,403	$ 9,757
Loans to affiliates	703	703
Policyholders' account balances, Investment contracts	41,531	38,842	$ 32,913
Policy loans	3,322	3,361
Short-term debt	512	513
Separate Accounts’ liabilities	116,737	111,403
Estimate of Fair Value
Consolidated Amounts [Abstract]
Mortgage loans on real estate	10,493	9,608
Loans to affiliates	774	775
Policyholders' account balances, Investment contracts	2,260	2,337
Funding Agreements	2,624	2,202
Policy loans	4,224	4,257
Short-term debt	512	513
Separate Accounts’ liabilities	6,846	6,194
Estimate of Fair Value | Level 2
Consolidated Amounts [Abstract]
Loans to affiliates	774	775
Funding Agreements	2,624	2,202
Short-term debt	512	513
Estimate of Fair Value | Level 3
Consolidated Amounts [Abstract]
Mortgage loans on real estate	10,493	9,608
Loans to affiliates	0	0
Policyholders' account balances, Investment contracts	2,260	2,337
Policy loans	4,224	4,257
Short-term debt	0	0
Separate Accounts’ liabilities	6,846	6,194
Carrying Value
Consolidated Amounts [Abstract]
Mortgage loans on real estate	10,403	9,757
Loans to affiliates	703	703
Policyholders' account balances, Investment contracts	2,146	2,226
Funding Agreements	2,637	2,255
Policy loans	3,322	3,361
Short-term debt	512	513
Separate Accounts’ liabilities	$ 6,846	$ 6,194

SHARE-BASED COMPENSATION PROG69

SHARE-BASED COMPENSATION PROGRAMS (Details) $ in Thousands	Jun. 21, 2017USD ($)Rateshares	Jun. 21, 2017€ / shares	Mar. 24, 2017USD ($)shares	Jun. 30, 2017USD ($)shares	Jun. 30, 2016USD ($)shares	Jun. 30, 2017USD ($)shares	Jun. 30, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense				$ 23,848	$ 14,216	$ 35,024	$ 16,823
Purchased Holding Units to help fund anticipated obligations under its incentive compensation award program Value						$ 128,000	$ 84,000
Alliance Bernstein
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchased Holding Units to help fund anticipated obligations under its incentive compensation award program shares (in shares) | shares				4,300,000	1,900,000	5,700,000	3,800,000
Open market purchase (in shares) | shares				3,700,000	1,900,000	4,900,000	3,700,000
Open market purchase value				$ 82,000	$ 44,000	$ 110,000	$ 82,000
Restricted holding unit awards granted to employees (in shares) | shares						500,000	100,000
Purchased Holding Units to help fund anticipated obligations under its incentive compensation award program Value				97,000	44,000	$ 128,000	$ 84,000
Proceeds from Stock Options Exercised						9,000	2,400
Performance Unit Plan Current Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | shares	1,690,000
Share based compensation expense	$ 7,000
Performance Units/Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense				9,556	9,603	12,958	11,821
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense				729	606	738	715
Restricted Stock | Alliance Bernstein
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense				13,600	4,000	21,300	5,200
Other compensation plan | Parent Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense				$ (37)	$ 7	$ 28	$ (913)
Performance Unit Plan Year 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement by share based payment award equity instruments other than options equity settlement of vested units with ordinary shares value			$ 21,000
Performance shares earned (in shares) | shares			1,000,000
Stock Option Plan Current Year [Member] | Parent Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	$ 1,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | Rate	6.53%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | Rate	0.59%
Share based compensation expense	$ 400
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares	487,840
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | € / shares		€ 23.92
Weighted average grant date fair value (in dollars and euros per share) | € / shares		€ 1.78
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | Rate	25.05%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	8 years 9 months 18 days
Employees and eligible Directors [Member] | Alliance Bernstein
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted holding unit awards granted to employees (in shares) | shares						2,000,000	300,000
Minimum | Performance Unit Plan Current Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	0.00%
Maximum | Performance Unit Plan Current Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	130.00%
Conditional Vesting Term [Member] | Stock Option Plan Current Year [Member] | Parent Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conditional Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period | shares	275,942

INCOME TAXES INCOME TAXES (Deta

INCOME TAXES INCOME TAXES (Details) $ in Millions	3 Months Ended
	Jun. 30, 2017USD ($)
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Tax Settlement, Amount	$ 221

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	1 Months Ended			3 Months Ended		6 Months Ended
	Jan. 31, 2016	Nov. 30, 2014	Jun. 30, 2009	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Guaranteed minimum income benefit reinsurance contract asset, at fair value				$ 11,290		$ 11,290		$ 10,309	$ 10,578
Due from affiliates				703		703		$ 703
AXA Financial
Gain on sale of assets							$ 20
AXA Financial | Mortgage Note 2009
Mortgage loans on real estate, carrying amount of mortgages			$ 1,100
AXA Financial | Mortgage Note 2014
Due from affiliates		$ 382
Related party transaction mortgage note payable, interest rate (as a percent)		4.00%
Debt instrument, term (in years)		7 years
Repayment of loans from affiliates	$ 382
Repayments of related party debt, prepayment penalty	$ 65
AXA Equitable
Equity method investment, ownership percentage								70.00%
Investment in affiliate								$ 25
AXA Equitable | Mortgage Note 2009
Due from affiliates			400
Proceeds from sale of real estate held-for-investment			$ 700
Related party transaction mortgage note payable, interest rate (as a percent)			8.00%
Debt instrument, term (in years)			10 years
AXA Arizona
Guaranteed minimum income benefit reinsurance contract asset, at fair value				9,198		9,198		$ 8,574
Ceded premiums earned affiliated				115	$ 109	224	216
Reinsurance effect on claims and benefits incurred amount ceded to affiliates				$ 79	$ 61	$ 135	275
AXA Foundation
Donations to affiliates							$ 21
Saum Sing
Equity method investment, ownership percentage								30.00%

ACCUMULATED OTHER COMPREHENSI72

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (CUMMULATIVE GAINS (LOSSES)) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized gains (losses) on investments	$ 502		$ 1,666
Foreign currency translation adjustments	(63)		(55)
Defined benefit pension plans	(45)		(43)
Total accumulated other comprehensive income (loss)	394		1,568
Less: Accumulated other comprehensive (income) loss attributable to noncontrolling interest	99		69
Accumulated Other Comprehensive Income (Loss) Attributable to AXA Equitable	$ 493	$ 7	$ 1,637

ACCUMULATED OTHER COMPREHENSI73

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (COMPONENTS OF OCI, NET OF TAXES) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Foreign currency translation adjustments:
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	$ (21)	$ (5)	$ 14	$ 4
(Gains) losses reclassified into net earnings (loss) during the period	0	0	0	0
Foreign currency translation adjustment	(21)	(5)	14	4
Net unrealized gains (losses) arising during the period
Net unrealized gains (losses) arising during the period	312	764	452	1,578
(Gains) losses reclassified into net earnings (loss) during the period(1)	21	(29)	(2)	(15)
Net unrealized gains (losses) on investments	333	735	450	1,563
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other	(19)	(110)	8	(158)
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $158, $337, $236, and $764	314	625	458	1,405
Less: reclassification adjustments to net earnings (loss) for:
Net gain (loss) arising during the period	1	0	1	0
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), Net of Tax	0	0	0	0
Change in defined benefit plans (net of deferred income tax expense (benefit) of $(1), $0, $(1) and $0.	1	0	1	0
Total other comprehensive income (loss), net of income taxes	294	620	473	1,409
Less: Other comprehensive (income) loss attributable to noncontrolling interest	20	3	13	0
Other Comprehensive Income (Loss) Attributable to AXA Equitable	314	623	486	1,409
Other Comprehensive Income (Loss), Tax, Parenthetical Disclosures [Abstract]
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax	177	337	267	764
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Available for sale securities, Tax	(14)	16	(1)	8
Other Comprehensive (Income) Loss, Benefit Plans, Tax	$ 1	$ 0	$ 1	$ 0

COMMITMENT AND CONTINGENT LIA74

COMMITMENT AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Restructuring and Related Cost [Abstract]
Advances from Federal Home Loan Banks	$ 2,620		$ 2,238
Proceeds from Federal Home Loan Bank Borrowings	3,382		7,738
Repayments of Federal Home Loan Bank Borrowings	3,000		6,000
AXA Equitable
Restructuring and Related Cost [Abstract]
Letters of credit outstanding	20
Equity financing arrangements with Limited Partnerships	801
Equity financing arrangements with affiliates	226
Mortgage loans on real estate	852
Facility Closing | Other Operating Costs and Expenses | Alliance Bernstein | AB Consolidation Plan
Restructuring and Related Cost [Abstract]
Restructuring Charges	21	$ 25
Federal Home Loan Bank of New York Short-Term Funding Agreements Maturing in Less than One Month [Member]
Restructuring and Related Cost [Abstract]
Advances from Federal Home Loan Banks	500		500
Proceeds from Federal Home Loan Bank Borrowings	3,000		6,000
Repayments of Federal Home Loan Bank Borrowings	3,000		6,000
Federal Home Loan Bank of New York Long-Term Funding Agreements Maturing in Less than Four Years [Member]
Restructuring and Related Cost [Abstract]
Advances from Federal Home Loan Banks	548		58
Proceeds from Federal Home Loan Bank Borrowings	174		58
Repayments of Federal Home Loan Bank Borrowings	0		0
Federal Home Loan Bank of New York Long-Term Funding Agreements Maturing in Less than Five Years [Member]
Restructuring and Related Cost [Abstract]
Advances from Federal Home Loan Banks	828		862
Proceeds from Federal Home Loan Bank Borrowings	208		862
Repayments of Federal Home Loan Bank Borrowings	0		0
Federal Home Loan Bank of New York Long-Term Funding Agreements Maturing in Greater than Five Years [Member]
Restructuring and Related Cost [Abstract]
Advances from Federal Home Loan Banks	744		818
Proceeds from Federal Home Loan Bank Borrowings	0		818
Repayments of Federal Home Loan Bank Borrowings	0		0
Federal Home Loan Bank of New York Long-Term Funding Agreements [Member]
Restructuring and Related Cost [Abstract]
Advances from Federal Home Loan Banks	2,120		1,738
Proceeds from Federal Home Loan Bank Borrowings	382		1,738
Repayments of Federal Home Loan Bank Borrowings	$ 0		$ 0

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Segment revenues	$ 4,575	$ 4,299	$ 6,717	$ 9,328	$ 9,683	$ 9,925	$ 15,677
Segment earnings (loss) from continuing operations, before income taxes	1,797	1,594	1,224	4,097
Segment assets	214,941		214,941		203,719	$ 194,683
Consolidation/Elimination
Segment Reporting Information [Line Items]
Segment revenues	(5)	(7)	(12)	(12)
Segment earnings (loss) from continuing operations, before income taxes	1	0	0	1
Segment assets	0		0		(3)
Insurance
Segment Reporting Information [Line Items]
Segment revenues	3,767	3,582	5,160	7,847
Segment earnings (loss) from continuing operations, before income taxes	1,628	1,456	904	3,789
Segment assets	201,076		201,076		190,583
Insurance | Intersegment Eliminations
Segment Reporting Information [Line Items]
Segment interest expense, debt	13	13	24	25
Investment Management
Segment Reporting Information [Line Items]
Segment revenues	813	724	1,569	1,493
Segment earnings (loss) from continuing operations, before income taxes	168	138	320	307
Segment assets	13,865		13,865		13,139
Fair value of marketable securities	1,007		1,007		893
Cash segregated in special bank accounts	71		71		$ 53
Investment Management | Intersegment Eliminations
Segment Reporting Information [Line Items]
Segment investment advisory fees	$ 18	$ 20	$ 36	$ 37