Equitable Financial Life Insurance Company - Annual Statement 2023 - Insurance News

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

ASSETS

		Current Year		Prior Year
	1	2	3	4
			Net Admitted Assets	Net Admitted
	Assets	Nonadmitted Assets	(Cols. 1 - 2)	Assets
1. Bonds (Schedule D)	.......... 36,520,158,935	.................................0	.......... 36,520,158,935	.......... 42,457,049,850

2. Stocks (Schedule D):

	2.1 Preferred stocks				385,895,481	0	385,895,481	348,300,477
	2.2 Common stocks				358,744,637	0	358,744,637	398,156,900
3.	Mortgage loans on real estate (Schedule B):
	3.1 First liens				11,927,720,214	0	11,927,720,214	12,224,414,424
	3.2 Other than first liens				223,573,930	0	223,573,930	223,651,883
4.	Real estate (Schedule A):
	4.1 Properties occupied by the company (less $	0
	encumbrances)				0	0	0	0
	4.2 Properties held for the production of income (less
	$	.................................	0	encumbrances)		0	0	0	1
	4.3 Properties held for sale (less $	0
	encumbrances)				0	0	0	0
5.	Cash ($	................174,942,863	, Schedule E - Part 1), cash equivalents
	($	1,389,588,723	, Schedule E - Part 2) and short-term
	investments ($	413,786,564 , Schedule DA)	1,978,318,149	0	1,978,318,149	393,031,593
6.	Contract loans (including $	.................................	0	premium notes)	3,612,395,172	5,428,902	3,606,966,270	3,505,045,138
7.	Derivatives (Schedule DB)				314,378,565	0	314,378,565	1,980,636
8.	Other invested assets (Schedule BA)		3,306,879,907	10,618,896	3,296,261,011	2,681,405,862
9.	Receivables for securities				9,680,525	0	9,680,525	635,114,175
10.	Securities lending reinvested collateral assets (Schedule DL)	33,780,113	0	33,780,113	0
11.	Aggregate write-ins for invested assets		74,976,923	0	74,976,923	141,500,000
12.	Subtotals, cash and invested assets (Lines 1 to 11)		58,746,502,551	16,047,798	58,730,454,753	63,009,650,939
13.	Title plants less $	0 charged off (for Title insurers
	only)					0	0	0	0
14.	Investment income due and accrued		534,829,795	0	534,829,795	528,054,961
15.	Premiums and considerations:
	15.1 Uncollected premiums and agents' balances in the course of collection	101,610,601	3,068,393	98,542,208	109,223,808
	15.2 Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including $	0
	............................................................earned but unbilled premiums)		98,919,034	.................................0	................. 98,919,034	................. 90,262,505
	.................................15.3 Accrued retrospective premiums ($	0 ) and
	contracts subject to redetermination ($	0 )	.................................0	0	0	0

16. Reinsurance:


	16.1	....................................................Amounts recoverable from reinsurers	................257,843,757	.................................0	................257,843,757	............... 245,105,510
	16.2	..........................Funds held by or deposited with reinsured companies	................. 30,690,794	.................................0	................. 30,690,794	................. 22,009,550
	16.3	........................Other amounts receivable under reinsurance contracts	................. 12,702,201	.................................0	................. 12,702,201	...................6,296,845
17.	Amounts receivable relating to uninsured plans	.................................0	.................................0	.................................0	.................................0
18.1	Current federal and foreign income tax recoverable and interest thereon ....	.................................0	.................................0	.................................0	.................................0
18.2	Net deferred tax asset	...................................................................................	............ 1,403,141,983	............ 1,182,822,519	................220,319,464	................728,530,254
19.	......................................................Guaranty funds receivable or on deposit	................. 13,854,440	.................................0	................. 13,854,440	................... 7,161,984
20.	.....................................Electronic data processing equipment and software	................. 86,126,737	................. 75,906,499	................. 10,220,238	................. 10,425,523
21.	Furniture and equipment, including health care delivery assets
	($	0 )	................... 7,384,703	................... 7,384,703	.................................0	.................................0
22.	.........Net adjustment in assets and liabilities due to foreign exchange rates	.................................0	.................................0	.................................0	.................................0
23.	.....................................Receivables from parent, subsidiaries and affiliates	................120,273,019	.................................0	................120,273,019	................276,849,615
24.	Health care ($	0 ) and other amounts receivable	0	0	0	0
25.	Aggregate write-ins for other than invested assets	1,924,763,076	52,697,278	1,872,065,798	2,249,351,030

26. Total assets excluding Separate Accounts, Segregated Accounts and

	Protected Cell Accounts (Lines 12 to 25)	63,338,642,691	1,337,927,190	62,000,715,501	67,282,922,524
27.	From Separate Accounts, Segregated Accounts and Protected Cell	164,695,597,320	0	164,695,597,320	147,979,698,797
	Accounts
28.	Total (Lines 26 and 27)	228,034,240,011	1,337,927,190	226,696,312,821	215,262,621,321
	DETAILS OF WRITE-INS
1101.	Collateral on derivative instruments	................. 74,930,000	.................................0	................. 74,930,000	............... 141,500,000
1102.	Miscellaneous invested assets	........................ 46,923	.................................0	........................ 46,923	.................................0
1103.	......................................................................................................................	....................................	....................................	....................................	....................................
1198.	Summary of remaining write-ins for Line 11 from overflow page	.................................0	.................................0	.................................0	.................................0
1199.	Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above)	74,976,923	0	74,976,923	141,500,000
2501.	Accrued charges for administrative, separate accounts, claim service
	.............................................................................................and other fees	7,520,427	0	7,520,427	3,542,452
2502.	Miscellaneous assets	23,928,052	.................................0	................. 23,928,052	................. 36,057,655
2503.	Other assetsnon-admitted	................. 52,697,278	................. 52,697,278	.................................0	.................................0
2598.	Summary of remaining write-ins for Line 25 from overflow page	............ 1,840,617,319	.................................0	............ 1,840,617,319	............ 2,209,750,923
2599.	Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)	1,924,763,076	52,697,278	1,872,065,798	2,249,351,030

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

LIABILITIES, SURPLUS AND OTHER FUNDS

						1	2
						Current Year	Prior Year
1.	Aggregate reserve for life contracts $	23,953,568,297	(Exh. 5, Line 9999999) less $	.................................0
	included in Line 6.3 (including $	..........................................................................9,118 Modco Reserve)	.......... 23,953,568,297	...........39,276,637,088
2.	Aggregate reserve for accident and health contracts (including $	0 Modco Reserve)	................531,863,285	................534,436,599
3.	Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $	.................................	0 Modco Reserve)	.......... 15,180,205,992	.......... 16,134,182,865
4.	Contract claims:
	4.1 Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less Col. 6)			................430,195,142	................614,742,064
	4.2 Accident and health (Exhibit 8, Part 1, Line 4.4, Col. 6)			................. 36,818,769	................. 36,821,056
5.	Policyholders' dividends/refunds to members $	0	and coupons $	0 due
	and unpaid (Exhibit 4, Line 10)				...................4,049,120	................... 2,741,425

6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:

	6.1	Policyholders' dividends and refunds to members apportioned for payment (including $	0
		Modco)							98,151,681	102,621,955
	6.2	Policyholders' dividends and refunds to members not yet apportioned (including $	0 Modco) ....	0	0
	6.3	Coupons and similar benefits (including $	0	Modco)	.................................................................		0	0
7.	Amount provisionally held for deferred dividend policies not included in Line 6			0	0
8.	Premiums and annuity considerations for life and accident and health contracts received in advance less
	$	............................. 389	discount; including $	125,442	accident and health premiums (Exhibit 1,
	Part 1, Col. 1, sum of lines 4 and 14)						3,510,162	4,103,040
9.	Contract liabilities not included elsewhere:
	9.1	Surrender values on canceled contracts						0	0
	9.2	Provision for experience rating refunds, including the liability of $	.................................	0	accident and health
		experience rating refunds of which $	0 is for medical loss ratio rebate per the Public Health
		Service Act							6,375,200	5,371,027
	9.3 Other amounts payable on reinsurance, including $		0	assumed and $	23,507,802
		ceded							23,507,802	100,817,701
	9.4 Interest maintenance reserve (IMR, Line 6)						98,021,178	342,679,032
10.	Commissions to agents due or accrued-life and annuity contracts $		2,590,192	accident and health
	$	........................ 20,902 and deposit-type contract funds $	.................................		0		2,611,094	1,633,056
11.	Commissions and expense allowances payable on reinsurance assumed				4,176,099	3,829,810
12.	General expenses due or accrued (Exhibit 2, Line 12, Col. 7)						240,683,170	245,895,284
13.	Transfers to Separate Accounts due or accrued (net) (including $	..............	(917,738,323)	accrued for expense
	allowances recognized in reserves, net of reinsured allowances)	...........................................................................................					(905,965,794)	(1,893,835,506)
14.	Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6)	40,856,754	43,312,796
15.1	Current federal and foreign income taxes, including $		0 on realized capital gains (losses)	99,354,000	91,241,433
15.2	Net deferred tax liability							0	0
16.	Unearned investment income						2,143,249	1,971,581
17.	Amounts withheld or retained by reporting entity as agent or trustee					5,283,414,087	3,668,598,392
18.	Amounts held for agents' account, including $	0	.........................................agents' credit balances	.................................0	.................................0
19.	........................................................................................................................................Remittances and items not allocated						................. 61,650,290	................139,537,641
20.	Net adjustment in assets and liabilities due to foreign exchange rates
				0	0
21.	Liability for benefits for employees and agents if not included above					66,367,366	62,155,557
22.	Borrowed money $	0 and interest thereon $		0	............................................	0	0
23.	........................................................................................................................Dividends to stockholders declared and unpaid						.................................0	.................................0
24.	Miscellaneous liabilities:
	24.01 Asset valuation reserve (AVR, Line 16, Col. 7)
						1,122,257,896	1,005,606,668
	24.02 Reinsurance in unauthorized and certified ($	0	) companies		1,351,752	3,294,734
	24.03 Funds held under reinsurance treaties with unauthorized and certified ($	0	) reinsurers	0	0
	..................................................................................................................24.04 Payable to parent, subsidiaries and affiliates						................. 71,196,367	................. 72,694,743
	...........................................................................................................................................................24.05 Drafts outstanding							.................................0	.................................0
	24.06 Liability for amounts held under uninsured plans
						0	0
	24.07 Funds held under coinsurance						13,177,244,453	811,099,734
	24.08 Derivatives							0	0
	......................................................................................................................................................24.09 Payable for securities						................750,214,773	................. 63,732,408
	..........................................................................................................................................24.10 Payable for securities lending						................. 33,780,113	.................................0
	24.11 Capital notes $	0 and interest thereon $	.................................		0	.................................0	.................................0
25.	................................................................................................................................................Aggregate write-ins for liabilities						196,522,552	608,218,220
26.	Total liabilities excluding Separate Accounts business (Lines 1 to 25)					60,614,124,849	62,084,140,403
27.	From Separate Accounts Statement						.........164,382,851,841	.........147,582,656,784
28.	Total liabilities (Lines 26 and 27)						224,996,976,690	209,666,797,187
29.	Common capital stock							...................2,500,000	...................2,500,000
30.	...............................................................................................................................................................Preferred capital stock							.................................0	.................................0
31.	...........................................................................................................Aggregate write-ins for other than special surplus funds						.................................0	.................................0
32.	Surplus notes
						0	0
33.	Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1)	...............................................	1,650,166,591	1,675,739,971
34.	Aggregate write-ins for special surplus funds						1,002,184,178	1,362,060,955
35.	Unassigned funds (surplus)	.......................................................................................................................................................						..............(955,514,638)	............ 2,555,523,208
36.	Less treasury stock, at cost:
	36.1	.................................	0 shares common (value included in Line 29	$	0	)	0	0
	36.2	.................................	0 shares preferred (value included in Line 30	$	0	)	.................................0	.................................0
37.	Surplus (Total Lines 31+32+33+34+35-36) (including $	312,745,479	........in Separate Accounts Statement)	1,696,836,131	5,593,324,134
38.	Totals of Lines 29, 30 and 37 (Page 4, Line 55)						1,699,336,131	5,595,824,134
39.	Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)							226,696,312,821	215,262,621,321
	DETAILS OF WRITE-INS
2501.	Aviation reinsurance losses
					12,332,683	................. 12,406,777
2502.	Accrued interest on policy claims and other contract funds						3,204,733	................... 4,433,147
2503.	Miscellaneous liabilities
.......................................................................................................................................................						180,985,136	591,378,296
2598.	..............................................................................................Summary of remaining write-ins for Line 25 from overflow page						.................................0	.................................0
2599.	Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)							196,522,552	608,218,220
3101		....................................
3102		....................................
3103		....................................
3198.	..............................................................................................Summary of remaining write-ins for Line 31 from overflow page						.................................0	.................................0
3199.	Totals (Lines 3101 thru 3103 plus 3198)(Line 31 above)
						0	0
3401.	Reserve for aviation reinsurance						30,000,000	30,000,000
3402.	.......................................................................................................Special contingent reserve fund for separate accounts						2,500,000	2,500,000
3403.	VA Derivatives (SSAP 108)	.......................................................................................................................................................						929,421,764	1,329,560,955
3498.	..............................................................................................Summary of remaining write-ins for Line 34 from overflow page						................. 40,262,414	.................................0
3499.	Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)							1,002,184,178	1,362,060,955

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

SUMMARY OF OPERATIONS

1	2
Current Year	Prior Year

1. Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1 less

	Col. 8)	...........(2,914,023,797)	13,460,730,816
2.	Considerations for supplementary contracts with life contingencies	................. 15,306,444	22,709,189
3.	Net investment income (Exhibit of Net Investment Income, Line 17)	................514,447,703	5,280,479,190
4.	Amortization of Interest Maintenance Reserve (IMR, Line 5)	................(28,654,646)	(4,227,646)
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	................578,773,661	671,431,946
6.	Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)	..............(143,148,934)	31,223,903
7.	Reserve adjustments on reinsurance ceded	................. (2,848,016)	(3,668,172)

8. Miscellaneous Income:

	8.1 Income from.............................................................................................................................................................................fees associated with investment management, administration and contract guarantees from Separate	1,402,563,999	1,465,624,403
	Accounts
	8.2 Charges and fees for deposit-type contracts	0	.................................0
	8.3 Aggregate write-ins for miscellaneous income	12,658,196	69,073,742

9.	Total (Lines 1 to 8.3)	(564,925,390)	20,993,377,371
10.	Death benefits	............ 1,668,567,217	............ 2,283,907,183
11.	Matured endowments (excluding guaranteed annual pure endowments)	................. 11,915,983	................... 1,462,714
12.	Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 5 minus Analysis of Operations Summary, Line 18, Col. 1)	............ 2,070,340,727	............ 2,268,159,089
13.	Disability benefits and benefits under accident and health contracts	................. 79,479,729	................. 77,023,240
14.	Coupons, guaranteed annual pure endowments and similar benefits	.................................0	.................................0
15.	Surrender benefits and withdrawals for life contracts	.......... 14,965,605,577	.......... 14,205,002,011
16.	Group conversions	.................................0	.................................0
17.	Interest and adjustments on contract or deposit-type contract funds	................728,681,691	................273,949,530
18.	Payments on supplementary contracts with life contingencies	................. 47,027,182	................. 47,798,047
19.	Increase in aggregate reserves for life and accident and health contracts	(15,325,642,105)	(3,106,502,057)
20.	Totals (Lines 10 to 19)	4,245,976,001	.......... 16,050,799,757

21. Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part

	2, Line 31, Col. 1)	................965,909,740	............ 1,240,966,784
22.	Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)	...................9,551,506	................... 7,989,099
23.	General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Cols. 1, 2, 3, 4 and 6)	................668,733,460	................819,475,257
24.	Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3 + 5)	................. 63,584,169	................. 42,310,934
25.	Increase in loading on deferred and uncollected premiums	........................ 77,693	...................... 546,101
26.	Net transfers to or (from) Separate Accounts net of reinsurance	.......... (6,224,154,696)	..............(140,807,663)
27.	Aggregate write-ins for deductions	665,393,246	688,865,747
28.	Totals (Lines 20 to 27)	395,071,119	18,710,146,016

29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus

Line 28)	(959,996,509)	2,283,231,355
30. Dividends to policyholders and refunds to members	97,783,608	101,942,047

31. Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29

minus Line 30)	...........(1,057,780,117)	2,181,289,308
32. Federal and foreign income taxes incurred (excluding tax on capital gains)	128,207,132	360,772,250

33. Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before

	realized capital gains or (losses) (Line 31 minus Line 32)	.......................................................................................................	(1,185,987,249)	1,820,517,058
34.	Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of
	$	(6,333,933) (excluding taxes of $	......................................(79,800,919) transferred to the IMR)	(539,659,853)	(1,688,209,539)
35.	Net income (Line 33 plus Line 34)		(1,725,647,102)	................132,307,519
		CAPITAL AND SURPLUS ACCOUNT
36.	...................................................................................Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)	5,595,824,134	5,393,873,655
37.	Net income (Line 35)		(1,725,647,102)	................132,307,519
38.	..............Change in net unrealized capital gains (losses) less capital gains tax of $	46,638,747	..............(147,345,138)	................101,157,028
39.	Change in net unrealized foreign exchange capital gain (loss)	................. 53,059,340	................(40,687,829)
40.	...........................................................................................................................................Change in net deferred income tax		................545,607,314	................. 76,546,769
41.	..................................................................................................................................................Change in nonadmitted assets		..............(890,515,399)	................694,626,271
42.	.............................................................................Change in liability for reinsurance in unauthorized and certified companies	...................1,942,982	................211,779,702
43.	Change in reserve on account of change in valuation basis, (increase) or decrease	.................................0	..............(866,405,033)
44.	Change in asset valuation reserve		..............(116,651,229)	................... 7,573,077
45.	..........................................................................Change in treasury stock (Page 3, Lines 36.1 and 36.2, Col. 2 minus Col. 1)	.................................0	.................................0
46.	..............................................................................Surplus (contributed to) withdrawn from Separate Accounts during period	................664,500,003	............ 1,311,406,384
47.	Other changes in surplus in Separate Accounts Statement	......................................................................................................	..............(663,070,196)	.......... (1,315,007,491)
48.	Change in surplus notes		.................................0	.................................0
49.	Cumulative effect of changes in accounting principles		............... 264,900,000	.................................0
50.	Capital changes:
	50.1 Paid in			.................................0	.................................0
	50.2 Transferred from surplus (Stock Dividend)		0	0
	50.3 Transferred to surplus		0	0

51. Surplus adjustment:

	51.1 Paid in	................(25,573,381)	................(52,485,569)
	51.2 Transferred to capital (Stock Dividend)	.................................0	.................................0
	51.3 Transferred from capital	.................................0	.................................0
	51.4 Change in surplus as a result of reinsurance	..............(204,662,782)	................993,182,316
52.	Dividends to stockholders	.......... (1,653,032,415)	..............(929,781,499)
53.	Aggregate write-ins for gains and losses in surplus	0	(122,261,166)
54.	Net change in capital and surplus for the year (Lines 37 through 53)	(3,896,488,003)	201,950,479
55.	Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)	1,699,336,131	5,595,824,134
	DETAILS OF WRITE-INS
08.301. Sundry receipts and adjustments net of reinsurance ceded	12,658,196	................. 69,073,742
08.302.	........................................................................................................................................................................................................................................		....................................
08.303.	........................................................................................................................................................................................................................................		....................................
.............................................................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	.................................0	.................................0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398)(Line 8.3 above)	12,658,196	69,073,742
2701.	Aviation reinsurance losses	26,313	.....................(268,323)
2702.	Sundry disbursements and adjustments	133,648,561	................275,893,853
2703.	Other income and fees - reinsurance ceded	279,484,967	.................................0
2798.	Summary of remaining write-ins for Line 27 from overflow page	................252,233,405	................413,240,217
2799.	Totals (Lines 2701 thru 2703 plus 2798)(Line 27 above)	665,393,246	688,865,747
5301.	Change in Pension Plans	.................................0	...................... 500,000
5302.	Prior Year Adjustments	.................................0	..............(122,761,166)
5303		....................................
5398.	Summary of remaining write-ins for Line 53 from overflow page	.................................0	.................................0
5399.	Totals (Lines 5301 thru 5303 plus 5398)(Line 53 above)	0	(122,261,166)

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

CASH FLOW

			1	2
			Current Year	Prior Year
	Cash from Operations
1.	Premiums collected net of reinsurance	............ 9,101,759,647	.......... 17,036,208,611
2.	Net investment income	................369,866,613	............ 4,959,868,718
3.	Miscellaneous income	1,933,321,540	1,674,715,297
4.	Total (Lines 1 through 3)	11,404,947,800	23,670,792,626
5.	Benefit and loss related payments	.......... 19,628,097,820	.......... 18,984,940,067
6.	.......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	.......... (9,293,485,506)	.......... (1,850,168,742)
7.	Commissions, expenses paid and aggregate write-ins for deductions	............ 2,384,925,046	............ 3,156,282,550
8.	Dividends paid to policyholders	................. 20,849,477	................. 22,615,208
9.	Federal and foreign income taxes paid (recovered) net of $	0 tax on capital gains (losses)	(71,918,607)	(14,888,274)
10.	Total (Lines 5 through 9)	12,668,468,230	20,298,780,809
11.	Net cash from operations (Line 4 minus Line 10)	(1,263,520,430)	3,372,011,817

Cash from Investments

12. Proceeds from investments sold, matured or repaid:

	12.1	Bonds	............ 6,881,418,511	............ 8,549,501,503
	12.2	Stocks	............... 262,528,524	................165,303,892
	12.3	Mortgage loans	................855,180,738	................730,493,016
	12.4	Real estate	.................................0	.................................0
	12.5	Other invested assets	................241,350,090	............... 192,125,665
	12.6	Net gains or (losses) on cash, cash equivalents and short-term investments	.....................(666,003)	.......................... 1,773
	12.7	Miscellaneous proceeds	1,378,439,092	36,390,000
	12.8 Total investment proceeds (Lines 12.1 to 12.7)	............ 9,618,250,952	............ 9,673,815,849
13.	Cost of investments acquired (long-term only):
	13.1	Bonds	............ 1,879,643,903	............ 8,171,432,274
	13.2	Stocks	................246,456,726	................311,969,830
	13.3	Mortgage loans	............ 1,390,125,040	............ 1,660,589,932
	13.4	Real estate	.................................0	.................................0
	13.5	Other invested assets	............... 865,418,911	................683,052,841
	13.6	Miscellaneous applications	353,773,120	2,701,358,359
	13.7	Total investments acquired (Lines 13.1 to 13.6)	4,735,417,700	13,528,403,236
14.	Net increase/(decrease) in contract loans and premium notes	100,713,323	(27,343,060)
15.	Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)	4,782,119,929	(3,827,244,327)
		Cash from Financing and Miscellaneous Sources
16.	Cash provided (applied):
	16.1	Surplus notes, capital notes	.................................0	.................................0
	................................................................................................................16.2 Capital and paid in surplus, less treasury stock	.................................0	.................................0
	.................................................................................................................................................................16.3 Borrowed funds	.................................0	.................................0
	..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities	...........(1,393,457,520)	............ 2,126,233,854
	.................................................................................................................................................16.5 Dividends to stockholders	............ 1,653,032,415	................929,781,499
	...........................................................................................................................................16.6 Other cash provided (applied)	1,113,176,993	(1,375,883,714)
17.	Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)	(1,933,312,942)	(179,431,359)
		RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

18.	........................................Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)	1,585,286,557	(634,663,868)
19.	Cash, cash equivalents and short-term investments:
	...............................................................................................................................................................19.1 Beginning of year	................393,031,593	............ 1,027,695,461
	19.2 End of year (Line 18 plus Line 19.1)	1,978,318,149	393,031,593

Note: Supplemental disclosures of cash flow information for non-cash transactions:

20.0001. See Note1A(2) in the Notes to Financial Statements for non-cash transactions	.................................0	.................................0

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - SUMMARY

		1	2	3	4	5	6	7	8	9
									Other Lines of	YRT Mortality
		Total	Individual Life	Group Life	Individual Annuities	Group Annuities	Accident and Health	Fraternal	Business	Risk Only
1.	Premiums and annuity considerations for life and accident and health contracts	(2,914,023,797)	(1,314,908,759)	20,558,983	2,854,585,815	(4,513,199,999)	38,940,163	0	0	0
2.	Considerations for supplementary contracts with life contingencies	.................. 15,306,444	...............XXX	...............XXX	.................. 15,306,444	................................. 0	...............XXX	...............XXX	................................. 0	...............XXX
3.	Net investment income	.................514,447,703	..............1,201,236,055	.................... 4,043,432	............... (636,495,678)	................. (91,160,751)	.................. 36,814,669	................................. 0	...........................9,976	................................. 0
4.	Amortization of Interest Maintenance Reserve (IMR)	.................(28,654,646)	.................(14,276,965)	....................... (44,595)	.................. (3,563,404)	.................(10,347,610)	......................(422,072)	................................. 0	................................. 0	................................. 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	.................578,773,661	.................(20,385,763)	................................. 0	.................471,619,777	.................127,539,647	................................. 0	...............XXX	................................. 0	................................. 0
6.	Commissions and expense allowances on reinsurance ceded	............... (143,148,934)	............(1,387,393,256)	................................. 0	..............1,151,864,554	...................92,000,696	....................... 379,072	...............XXX	................................. 0	................................. 0
7.	Reserve adjustments on reinsurance ceded	(2,848,016)	0	0	(768,828)	(2,079,188)	0	...............XXX	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and	..............1,402,563,999	.................. 67,737,845	................................. 0	.................721,860,240	................. 612,965,914	................................. 0			................................. 0	................................. 0
	contract guarantees from Separate Accounts	...............XXX
	8.2 Charges and fees for deposit-type contracts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0
	8.3 Aggregate write-ins for miscellaneous income	12,658,196	31,552,205	0	(21,830,398)	984,504	1,930,794		0	21,091	0
9.	Totals (Lines 1 to 8.3)	(564,925,390)	(1,436,438,638)	24,557,820	4,552,578,522	(3,783,296,787)	77,642,626		0	31,067	0
10.	Death benefits	..............1,668,567,217	..............1,652,337,861	...................16,229,356	0	0	...............XXX	...............XXX	0	0
11.	Matured endowments (excluding guaranteed annual pure endowments)	...................11,915,983	...................11,915,983	................................. 0	................................. 0	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0
12.	Annuity benefits	..............2,070,340,727	...............XXX	...............XXX	................. 919,899,665	..............1,150,441,062	...............XXX	...............XXX	................................. 0	...............XXX
13.	Disability benefits and benefits under accident and health contracts	...................79,479,729	....................8,187,532	.........................36,943	................................. 0	................................. 0	.................. 71,255,254	...............XXX	................................. 0	................................. 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
15.	Surrender benefits and withdrawals for life contracts	14,965,605,577	.................742,795,501	................................. 0	8,374,712,099	5,848,097,977	...............XXX	...............XXX	0	0
16.	Group conversions	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
17.	Interest and adjustments on contract or deposit-type contract funds	.................728,681,691	.................307,769,617	.................... 1,586,136	.................143,014,826	.................263,575,218	.................. 12,735,894	...............XXX	................................. 0	................................. 0
18.	Payments on supplementary contracts with life contingencies	.................. 47,027,182	................................. 0	................................. 0	.................. 47,027,182	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0
19.	Increase in aggregate reserves for life and accident and health contracts	(15,325,642,105)	(3,162,591,613)	1,961,247	(4,392,854,638)	(7,769,583,788)	(2,573,313)	XXX		0	0
20.	Totals (Lines 10 to 19)	4,245,976,001	(439,585,119)	19,813,682	5,091,799,134	(507,469,531)	81,417,835	...............XXX	0	0
21.	Commissions on premiums, annuity considerations and deposit-type contract funds	.................965,909,740	.................178,802,710	.................... 1,828,926	.................532,495,350	.................248,073,271	.................... 4,704,914		0	...........................4,569
	(direct business only)	.................................	...............XXX
22.	Commissions and expense allowances on reinsurance assumed	.................... 9,551,506	.................... 6,946,754	................................. 0	..............................408	................................. 0	.................... 2,604,344	...............XXX	................................. 0	................................. 0
									0
23.	General insurance expenses and fraternal expenses	668,733,460	341,046,656	8,299,856	154,775,086	137,665,548	26,946,314	.................................	0	0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	.................. 63,584,169	.................. 45,348,382	....................1,826,838	....................8,830,375	....................6,680,766	....................... 897,808	.................................	0	................................. 0	................................. 0
25.	Increase in loading on deferred and uncollected premiums	.........................77,693	.........................77,693	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	............ (6,224,154,696)	............... (160,112,134)	................................. 0	............ (2,221,210,891)	............(3,842,831,671)	................................. 0	...............XXX	................................. 0	................................. 0
27.	Aggregate write-ins for deductions	665,393,246	174,445,544	122,476	449,687,900	40,765,684	362,999		0	8,643	0
28.	Totals (Lines 20 to 27)	395,071,119	146,970,486	31,891,778	4,016,377,362	(3,917,115,933)	116,934,214		0	13,212	0
29.	Net gain from operations before dividends to policyholders, refunds to members and	(959,996,509)	(1,583,409,124)	(7,333,958)	536,201,160	133,819,146	(39,291,588)		0	17,855	0
	federal income taxes (Line 9 minus Line 28)	.................................
30.	Dividends to policyholders and refunds to members	97,783,608	96,367,070	0	31,501	1,385,037	0	XXX		0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and	(1,057,780,117)	(1,679,776,194)	(7,333,958)	536,169,659	132,434,109	(39,291,588)		0	17,855	0
	before federal income taxes (Line 29 minus Line 30)	.................................
32.	Federal income taxes incurred (excluding tax on capital gains)	128,207,132	(322,094,413)	(1,406,275)	368,267,453	90,962,201	(7,534,099)		0	12,265	0
33.	Net gain from operations after dividends to policyholders, refunds to members and
	federal income taxes and before realized capital gains or (losses) (Line 31 minus	(1,185,987,249)	(1,357,681,781)	(5,927,683)	167,902,206	41,471,908	(31,757,489)		0	5,590	0
	Line 32)
34.	Policies/certificates in force end of year	3,125,600	818,349	98,918	1,088,034	989,022	131,277	XXX		0	0
	DETAILS OF WRITE-INS
...................................08.301. Sundry receipts and adjustments net of reinsurance ceded	...................12,658,196	.................. 31,552,205	................................. 0	.................(21,830,398)	....................... 984,504	.................... 1,930,794	.................................	0	......................... 21,091	................................. 0
.08.302	................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
.08.303	................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
08.398. Summary of remaining write-ins for Line 8.3 from overflow page	................................. 0	0	0	0	0	0	.................................	0	0	0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	12,658,196	31,552,205	0	(21,830,398)	984,504	1,930,794		0	21,091	0
2701.	Aviation reinsurance losses	26,313	0	0	0	0	0	.................................	0	26,313	0
2702.	Sundry disbursements and adjustments	.................133,648,561	.................136,180,878	....................... 122,476	.................. 10,894,784	.................(13,890,203)	....................... 358,296	.................................	0	....................... (17,670)	................................. 0
2703.	Other income and fees - reinsurance ceded	.................279,484,967	....................... 967,708	................................. 0	.................. 85,742,826	.................192,774,433	................................. 0	.................................	0	................................. 0	................................. 0
2798.	Summary of remaining write-ins for Line 27 from overflow page	.................252,233,405	.................. 37,296,958	................................. 0	.................353,050,290	............... (138,118,546)	...........................4,703	.................................	0	................................. 0	................................. 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	665,393,246	174,445,544	122,476	449,687,900	40,765,684	362,999		0	8,643	0

6.1

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL LIFE INSURANCE (b)

		1	2	3	4	5	6	7	8	9	10	11	12
								Universal Life
								With Secondary		Variable	Credit Life	Other Individual	YRT Mortality
		Total	Industrial Life	Whole Life	Term Life	Indexed Life	Universal Life	Guarantees	Variable Life	Universal Life	(c)	Life	Risk Only
1.	Premiums for life contracts(a)	...... (1,314,908,759)	..........................0	125,549,611	........... 156,797,095	..........(251,690,805)	..............7,342,651	.......(2,163,681,998)	7,547,604	772,552,024	..........................0	.............30,675,059	..........................0
2.	Considerations for supplementary contracts with life contingencies	...........XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX
3.	Net investment income	........ 1,201,236,055	..........................0	........... 337,105,654	.............36,200,551	.............62,207,637	..............7,193,014	........... 263,823,759	.............12,371,656	........... 290,923,960	..........................0	...........191,409,824	..........................0
4.	Amortization of Interest Maintenance Reserve (IMR)	........... (14,276,965)	..........................0	.............(4,400,067)	............... (446,044)	................(520,060)	................. (88,629)	.............(2,726,667)	............... (152,437)	............ (3,584,611)	..........................0	.............(2,358,450)	..........................0

5. Separate Accounts net gain from operations excluding unrealized gains or

	losses	(20,385,763)	0	0	0	0	(17,734,044)	0	(1,007,089)	(1,457,805)	0	(186,825)	0
6.	Commissions and expense allowances on reinsurance ceded	.......(1,387,393,256)	..........................0	.................. 16,763	.............92,528,479	..........(176,162,816)	.......................930	.......(1,306,120,862)	..........................0	............ (1,393,758)	..........................0	.............. 3,738,008	..........................0
7.	Reserve adjustments on reinsurance ceded	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management,	............ 67,737,845	..........................0	..........................0	..........................0	..........................0	................. 142,608	..........................0	.............. 3,583,788	............ 64,011,449	..........................0	..........................0	..........................0
	administration and contract guarantees from Separate Accounts
	8.2 Charges and fees for deposit-type contracts	..........................0	..........................0	0	..........................0	..........................0	..........................0	..........................0	0	0	..........................0	..........................0	..........................0
	8.3 Aggregate write-ins for miscellaneous income	31,552,205	0	2,515	23,438	2,368	552	0	9,175	30,795,785	0	718,372	0
9.	Totals (Lines 1 to 8.3)	(1,436,438,638)	0	458,274,476	285,103,519	(366,163,676)	(3,142,918)	(3,208,705,768)	22,352,697	1,151,847,044	0	223,995,988	0
10.	Death benefits	........ 1,652,337,861	..........................0	338,259,485	.............88,234,218	.............18,283,787	............ 30,599,429	........... 321,669,724	28,215,740	608,269,502	..........................0	........... 218,805,976	..........................0
11.	Matured endowments (excluding guaranteed annual pure endowments)
............ 11,915,983	..........................0	5,603,081	..........................0	..........................0	..........................0	..........................0	159,343	0	..........................0	.............. 6,153,559	..........................0
12.	Annuity benefits	...........XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX
13.	Disability benefits and benefits under accident and health contracts	.............. 8,187,532	..........................0	..............2,042,419	.................231,999	.................(26,736)	................. (27,265)	.................(34,958)	....................9,205	............... (730,392)	..........................0	.............. 6,723,260	..........................0
14.	Coupons, guaranteed annual pure endowments and similar benefits	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
15.	Surrender benefits and withdrawals for life contracts	........... 742,795,501	..........................0	110,963,372	.................679,185	.............12,552,367	.............. 3,254,832	.............16,450,631	25,875,273	527,819,081	..........................0	.............45,200,760	..........................0
16.	Group conversions	..........................0	..........................0	0	..........................0	..........................0	..........................0	..........................0	0	0	..........................0	..........................0	..........................0
17.	Interest and adjustments on contract or deposit-type contract funds	...........307,769,617	..........................0	24,449,786	............ 14,179,624	.............18,630,243	.............. 2,724,925	...........121,409,951	2,196,471	74,143,991	..........................0	.............50,034,626	..........................0
18.	Payments on supplementary contracts with life contingencies	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
19.	Increase in aggregate reserves for life and accident and health contracts ...	(3,162,591,613)	0	(224,482,029)	23,340,608	(272,762,448)	(12,782,775)	(2,326,996,154)	(12,610,095)	(161,764,142)	0	(174,534,578)	0
20.	Totals (Lines 10 to 19)	......... (439,585,119)	..........................0	256,836,114	........... 126,665,634	..........(223,322,787)	............ 23,769,146	.......(1,867,500,806)	43,845,937	1,047,738,040	..........................0	........... 152,383,603	..........................0

21. Commissions on premiums, annuity considerations and deposit-type

	contract funds (direct business only)	178,802,710	0	32,552,053	20,047,230	4,097,156	.................	255,361	8,367,211	0	109,104,045	0	4,379,654			...........XXX
22.	Commissions and expense allowances on reinsurance assumed			0		0		0		0	..........................	0		0		0		0		0		6,946,754		0
	6,946,754
23.	General insurance expenses			..........................0				.............50,229,976			............ 10,277,811			............ 11,983,301	..............	2,042,191			.............74,903,022				..............3,512,475			...........133,754,123			..........................0			............ 54,343,757		..........................0
	........... 341,046,656
24.	Insurance taxes, licenses and fees, excluding federal income taxes				1,193,964			.................	472,266			1,222,523			16,946,853
	.............45,348,382	..........................0			.............20,745,859		..............1,463,124			.............(1,442,866)					..........................0		..............4,746,659		..........................0
25.	Increase in loading on deferred and uncollected premiums		.................. 77,693	..........................0		(96,003)		.................455,143		..........................0	..........................	0		..........................0		(66,730)			0		..........................0		............... (214,717)		..........................0
26.	Net transfers to or (from) Separate Accounts net of reinsurance		......... (160,112,134)	..........................0		0		..........................0		..........................0	.............	27,803,033		..........................0		(49,426,470)			(138,488,697)		..........................0		..........................0		..........................0

27.	Aggregatewrite-insfor deductions		174,445,544	0			(3,019,984)			24,489,704			8,918,697		(5,132)			173,175,337			(265,343)			(7,344,282)		0			(21,503,453)			0
28.	Totals (Lines 20 to 27)		146,970,486	0			337,696,120			202,681,381			(196,860,509)		54,336,865			(1,612,498,102)			(1,177,608)			1,161,710,082		0			201,082,257			0
29.	Net gain from operations before dividends to policyholders, refunds to		.......(1,583,409,124)	..........................0			120,578,356			.............82,422,138			......... (169,303,167)		(57,479,783)			.......(1,596,207,666)			23,530,305			(9,863,038)		..........................0			............ 22,913,731			..........................0
	members and federal income taxes (Line 9 minus Line 28)							...........
30.	Dividends to policyholders and refunds to members		96,367,070	0			96,370,138			(3,068)			0			0			0			0			0		0			0			0
31.	Net gain from operations after dividends to policyholders, refunds to		...... (1,679,776,194)	..........................0			24,208,218			.............82,425,206			......... (169,303,167)		(57,479,783)			.......(1,596,207,666)			23,530,305			(9,863,038)		..........................0			............ 22,913,731			..........................0
	members and before federal income taxes (Line 29 minus Line 30)								...........
32.	Federal income taxes incurred (excluding tax on capital gains)		(322,094,413)	0			4,641,887			15,804,902			(32,463,613)		(11,021,657)			(306,070,280)			4,511,899			(1,891,222)		0			4,393,671			0
33.	Net gain from operations after dividends to policyholders, refunds to
	members and federal income taxes and before realized capital gains or		(1,357,681,781)	0			19,566,331			66,620,304			(136,839,554)		(46,458,126)			(1,290,137,386)			19,018,406			(7,971,816)		0			18,520,060			0
	(losses) (Line 31 minus Line 32)
34.	Policies/certificates in force end of year		818,349	0			224,869			236,933			17,659		8,865			41,359			14,810			204,082		0			69,772			0
	DETAILS OF WRITE-INS
08.301.	Sundry receipts and adjustments net of reinsurance ceded								552
	.............31,552,205	..........................0		2,515		.................. 23,438		....................2,368	.......................		..........................0		9,175		30,795,785		..........................0		.................718,372		..........................0
08.302.	.........................................................................................................		.............................	.............................				.............................			.............................			.............................	.............................				.............................				.............................			.............................			.............................			.............................		.............................
08.303.	.........................................................................................................		.............................	.............................				.............................			.............................			.............................	.............................				.............................				.............................			.............................			.............................			.............................		.............................
08.398. Summary of remaining write-ins for Line 8.3 from overflow page		..........................0	..........................0		0		..........................0		..........................0	..........................	0		..........................0		0		0		..........................0		..........................0		..........................0

08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)		31,552,205	0			2,515			23,438			2,368			552			0			9,175			30,795,785		0			718,372			0
2701.	Sundry disbursements and adjustments		........... 136,180,878	..........................0			(3,019,984)			............ 24,489,704			..............1,329,124	..................	(5,132)			........... 120,374,051			(265,343)			(7,344,283)		..........................0			.................622,741			..........................0
2702.	Other income and fees - reinsurance ceded													..........................	0
	.................967,708	..........................0		0		..........................0		..........................0				.................967,708		0		0		..........................0		..........................0		..........................0
2703.	Separate account MODCO reinsurance		........... (27,287,382)	..........................0		0		..........................0		.................. (7,798)	..........................	0		.............(2,785,543)		0		0		..........................0		...........(24,494,041)		..........................0

2798.	Summary of remaining write-ins for Line 27 from overflow page		.............64,584,340	..........................0			0			..........................0			..............7,597,371	..........................	0			............ 54,619,121			0			1		..........................0		..............2,367,847			..........................0

2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)		174,445,544	0			(3,019,984)			24,489,704			8,918,697		(5,132)			173,175,337			(265,343)			(7,344,282)		0		(21,503,453)			0
(a) Include premium amounts for preneed plans included in Line 1	0
(b) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected.	......................................................................................................................................................................................
(c) Individual and Group Credit Life are combined and included on						page. (Indicate whether included with Individual or Group.)

6.2

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP LIFE INSURANCE (c)

		1	2	3	4		5		6		7		8	9
									Variable Universal		Credit Life		Other Group Life	YRT Mortality
		Total	Whole Life	Term Life	Universal Life		Variable Life		Life		(d)		(a)	Risk Only
1.	Premiums for life contracts (b)	.................20,558,983	0	.................20,558,983	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0	............................... 0
2.	Considerations for supplementary contracts with life contingencies	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX
3.	Net investment income	.................. 4,043,432	............................... 0	......................176,638	...............................	0	...............................	0	...............................	0	...............................	0	.................. 3,866,794	............................... 0
4.	Amortization of Interest Maintenance Reserve (IMR)	......................(44,595)	............................... 0	....................... (1,948)	...............................	0	...............................	0	...............................	0	...............................	0	......................(42,647)	............................... 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	............................... 0	............................... 0	............................... 0	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0	............................... 0
6.	Commissions and expense allowances on reinsurance ceded	............................... 0	............................... 0	............................... 0	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0	............................... 0
7.	Reserve adjustments on reinsurance ceded	0	0	0	...............................	0	...............................	0	...............................	0	...............................	0	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and contract	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0
	guarantees from Separate Accounts
	8.2 Charges and fees for deposit-type contracts	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
	8.3 Aggregate write-ins for miscellaneous income	0	0	0	0	0	0	0	0	0
9.	Totals (Lines 1 to 8.3)	24,557,820	0	20,733,673	0	0	0	0	3,824,147	0
10.	Death benefits	.................16,229,356	0	.................16,229,356	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
11.	Matured endowments (excluding guaranteed annual pure endowments)	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0

12.	Annuity benefits	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX
13.	Disability benefits and benefits under accident and health contracts	....................... 36,943	............................... 0	....................... 36,943	0	............................... 0	............................... 0	0	............................... 0	............................... 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
15.	Surrender benefits and withdrawals for life contracts	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
16.	Group conversions	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
17.	Interest and adjustments on contract or deposit-type contract funds	...................1,586,136	............................... 0	......................258,708	............................... 0	............................... 0	............................... 0	............................... 0	.................. 1,327,428	............................... 0
18.	Payments on supplementary contracts with life contingencies	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
19.	Increase in aggregate reserves for life and accident and health contracts	...................1,961,247	0	....................... 53,030	............................... 0	............................... 0	............................... 0	............................... 0	...................1,908,217	............................... 0
20.	Totals (Lines 10 to 19)	.................19,813,682	0	.................16,578,037	............................... 0	............................... 0	............................... 0	............................... 0	.................. 3,235,645	............................... 0

21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct

	business only)	1,828,926	0	1,828,926	0	0	0	0	0	...............XXX
22.	Commissions and expense allowances on reinsurance assumed	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
23.	General insurance expenses	.................. 8,299,856	............................... 0	.................. 8,299,856	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	.................. 1,826,838	............................... 0	.................. 1,826,838	0	............................... 0	............................... 0	0	............................... 0	............................... 0
25.	Increase in loading on deferred and uncollected premiums	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0
27.	Aggregate write-ins for deductions	122,477	0	112,477	0	0	0	0	10,000	0
28.	Totals (Lines 20 to 27)	31,891,779	0	28,646,134	0	0	0	0	3,245,645	0
29.	Net gain from operations before dividends to policyholders, refunds to members and federal	.................(7,333,959)	0	................. (7,912,461)	0	............................... 0	............................... 0	0	......................578,502	............................... 0
	income taxes (Line 9 minus Line 28)
30.	Dividends to policyholders and refunds to members	0	0	0	0	0	0	0	0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and before	.................(7,333,959)	0	................. (7,912,461)	0	............................... 0	............................... 0	0	......................578,502	............................... 0
	federal income taxes (Line 29 minus Line 30)
32.	Federal income taxes incurred (excluding tax on capital gains)	(1,406,275)	0	(1,517,202)	0	0	0	0	110,927	0
33.	Net gain from operations after dividends to policyholders, refunds to members and federal	(5,927,684)	0	(6,395,259)	0	0	0	0	467,575	0
	income taxes and before realized capital gains or (losses) (Line 31 minus Line 32)
34.	Policies/certificates in force end of year	98,918	0	98,594	0	0	0	0	324	0
	DETAILS OF WRITE-INS
.08.301	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.08.302	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.08.303	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.........................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	0	0	0	0	0	0	0	0	0
2701.	Sundry disbursements and adjustments	......................122,477	0	......................112,477	............................... 0	............................... 0	............................... 0	............................... 0	....................... 10,000	............................... 0
2702
...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2703	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	122,477	0	112,477	0	0	0	0	10,000	0

(a) Includes the following amounts for FEGLI/SGLI:	Line 1	0 , Line 10	0 , Line 16	0 , Line 23	0 , Line 24	0
(b) Include premium amounts for preneed plans included in Line 1	0
(c) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected.	......................................................................................................................................................................................
(d) Individual and Group Credit Life are combined and included on	page. (Indicate whether included with Individual or Group.)

6.3

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL ANNUITIES (a)

		1		Deferred		6	7
			2	3	4	5	Life Contingent
					Variable Annuities	Variable Annuities	Payout (Immediate
		Total	Fixed Annuities	Indexed Annuities	with Guarantees	Without Guarantees	and Annuitizations)	Other Annuities
1.	Premiums for individual annuity contracts	2,854,585,815	5,772,945	0	2,436,572,604	412,240,266	0	0
2.	Considerations for supplementary contracts with life contingencies	.................. 15,306,444	...............XXX	...............XXX	...............XXX	...............XXX	.................. 15,306,444	...............XXX
3.	Net investment income	............... (636,495,678)	.................. 91,807,589	................................. 0	............... (790,154,331)	....................... (36,136)	.................. 61,887,200	................................. 0
4.	Amortization of Interest Maintenance Reserve (IMR)	.................. (3,563,404)	......................(835,781)	................................. 0	.................. (2,483,403)	.........................(1,489)	......................(242,731)	................................. 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	.................471,619,777	................................. 0	................................. 0	.................436,539,749	.................. 35,758,042	......................(678,014)	................................. 0
6.	Commissions and expense allowances on reinsurance ceded	..............1,151,864,554	....................... 729,108	................................. 0	..............1,000,878,697	.................150,005,190	....................... 251,559	................................. 0
7.	Reserve adjustments on reinsurance ceded	(768,828)	0	0	(768,828)	0	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts	.................721,860,240	................................. 0	................................. 0	.................676,742,318	...................45,117,899	............................... 23	................................. 0
	8.2 Charges and fees for deposit-type contracts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
	8.3 Aggregate write-ins for miscellaneous income	(21,830,398)	(7,137)	0	(25,368,581)	3,545,320	0	0
9.	Totals (Lines 1 to 8.3)	4,552,578,522	97,466,724	0	3,731,958,225	646,629,092	76,524,481	0
10.	Death benefits	0	0	0	0	0	0	0
11.	Matured endowments (excluding guaranteed annual pure endowments)	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
12.	Annuity benefits	................. 919,899,665	.................103,622,717	................................. 0	.................773,125,219	...................43,151,729	................................. 0	................................. 0
13.	Disability benefits and benefits under accident and health contracts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
15.	Surrender benefits and withdrawals for life contracts	8,374,712,099	31,197,110	0	7,898,658,193	444,856,796	0	0
16.	Group conversions	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
17.	Interest and adjustments on contract or deposit-type contract funds	.................143,014,826	...................26,193,439	................................. 0	.................. 96,330,663	.........................(1,744)	.................. 20,492,468	................................. 0
18.	Payments on supplementary contracts with life contingencies	.................. 47,027,182	................................. 0	................................. 0	................................. 0	................................. 0	.................. 47,027,182	................................. 0
19.	Increase in aggregate reserves for life and accident and health contracts	(4,392,854,638)	(18,293,537)	0	(4,359,232,986)	3,705,202	(19,033,317)	0
20.	Totals (Lines 10 to 19)	5,091,799,134	142,719,729	0	4,408,881,089	491,711,983	48,486,333	0
21.	Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)	.................532,495,350	....................... 146,797	................................. 0	.................490,673,205	.................. 41,675,348	................................. 0	................................. 0
22.	Commissions and expense allowances on reinsurance assumed	..............................408	..............................408	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
23.	General insurance expenses	154,775,086	3,879,514	0	143,392,973	6,118,764	1,383,835	0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	....................8,830,375	....................... 267,614	................................. 0	....................8,188,021	....................... 276,825	......................... 97,915	................................. 0
25.	Increase in loading on deferred and uncollected premiums	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	............ (2,221,210,891)	................................. 0	................................. 0	............(2,125,447,527)	.................(93,168,854)	...................(2,594,510)	................................. 0
27.	Aggregate write-ins for deductions	449,687,900	(6,165,225)	0	484,729,557	(28,974,352)	97,920	0
28.	Totals (Lines 20 to 27)	4,016,377,362	140,848,837	0	3,410,417,318	417,639,714	47,471,493	0
29.	Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28)	536,201,160	(43,382,113)	0	321,540,907	228,989,378	29,052,988	0
30.	Dividends to policyholders and refunds to members	31,501	16,067	0	0	0	15,434	0
31.	Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) .	536,169,659	(43,398,180)	0	321,540,907	228,989,378	29,037,554	0
32.	Federal income taxes incurred (excluding tax on capital gains)	368,267,453	(29,807,985)	0	220,849,966	157,281,065	19,944,407	0
33.	Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital	167,902,206	(13,590,195)	0	100,690,941	71,708,313	9,093,147	0
	gains or (losses) (Line 31 minus Line 32)
34.	Policies/certificates in force end of year	1,088,034	11,532	0	820,443	243,036	13,023	0
	DETAILS OF WRITE-INS
..............................................................................................................08.301. Sundry receipts and adjustments net of reinsurance ceded	.................(21,830,398)	.........................(7,137)	................................. 0	.................(25,368,581)	.................... 3,545,320	................................. 0	................................. 0
.08.302	..........................................................................................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
.08.303	..........................................................................................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
..........................................................................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	(21,830,398)	(7,137)	0	(25,368,581)	3,545,320	0	0
2701.	Sundry disbursements and adjustments	10,894,784	65,029	0	9,491,764	1,382,470	(44,479)	0
2702.	Other income and fees - reinsurance ceded	.................. 85,742,826	................................. 0	................................. 0	.................. 76,581,973	.................... 9,160,853	................................. 0	................................. 0
2703.	Separate account MODCO reinsurance	..............1,463,902,434	.................. (6,413,783)	................................. 0	..............1,510,086,545	.................(39,770,328)	................................. 0	................................. 0
2798.	Summary of remaining write-ins for Line 27 from overflow page	............ (1,110,852,144)	....................... 183,529	................................. 0	............ (1,111,430,725)	....................... 252,653	....................... 142,399	................................. 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	449,687,900	(6,165,225)	0	484,729,557	(28,974,352)	97,920	0

(a) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which which columns are affected.

............................................................................................................................................................................

6.4

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP ANNUITIES (a)

		1		Deferred		6	7
			2	3	4	5	Life Contingent
					Variable Annuities	Variable Annuities	Payout (Immediate
		Total	Fixed Annuities	Indexed Annuities	with Guarantees	Without Guarantees	and Annuitizations)	Other Annuities
1.	Premiums for group annuity contracts	(4,513,199,999)	178,515,162	0	(5,737,008,346)	1,045,293,185	0	0
2.	Considerations for supplementary contracts with life contingencies	................................. 0	...............XXX	...............XXX	...............XXX	...............XXX	................................. 0	...............XXX
3.	Net investment income	................. (91,160,751)	.................197,414,678	................................. 0	............... (326,881,597)	.................. 38,306,168	................................. 0	................................. 0
4.	Amortization of Interest Maintenance Reserve (IMR)	.................(10,347,610)	...................(2,651,497)	................................. 0	.................. (7,187,381)	......................(508,732)	................................. 0	................................. 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	127,539,647	0	0	120,321,797	7,217,850	................................. 0	0
6.	Commissions and expense allowances on reinsurance ceded	...................92,000,696	.................... 2,020,665	................................. 0	.................. 89,980,031	................................. 0	................................. 0	................................. 0
7.	Reserve adjustments on reinsurance ceded	.................. (2,079,188)	................................. 0	................................. 0	.................. (2,079,188)	................................. 0	................................. 0	................................. 0
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts	................. 612,965,914	................................. 0	................................. 0	.................580,914,468	.................. 32,051,446	................................. 0	................................. 0
	8.2 Charges and fees for deposit-type contracts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
	8.3 Aggregate write-ins for miscellaneous income	984,504	1,189,785	0	(20,738,272)	20,532,991	0	0
9.	Totals (Lines 1 to 8.3)	(3,783,296,787)	376,488,793	0	(5,302,678,488)	1,142,892,908	0	0
10.	Death benefits	................................. 0	0	0	0	0	0	0
11.	Matured endowments (excluding guaranteed annual pure endowments)	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
12.	Annuity benefits	..............1,150,441,062	.................205,579,133	................................. 0	.................791,787,143	.................153,074,786	................................. 0	................................. 0
13.	Disability benefits and benefits under accident and health contracts	0	0	0	0	0	................................. 0	0
14.	Coupons, guaranteed annual pure endowments and similar benefits	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
15.	Surrender benefits and withdrawals for life contracts	..............5,848,097,977	.................275,867,512	................................. 0	..............4,062,773,524	..............1,509,456,941	................................. 0	................................. 0
16.	Group conversions	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
17.	Interest and adjustments on contract or deposit-type contract funds	.................263,575,218	...................63,349,154	................................. 0	.................184,343,873	...................15,882,191	................................. 0	................................. 0
18.	Payments on supplementary contracts with life contingencies	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
19.	Increase in aggregate reserves for life and accident and health contracts	(7,769,583,788)	(119,627,264)	0	(7,551,878,580)	(98,077,944)	0	0
20.	Totals (Lines 10 to 19)	(507,469,531)	425,168,535	0	(2,512,974,040)	1,580,335,974	0	0
21.	Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)	248,073,271	926,338	0	222,984,551	24,162,382	................................. 0	0
22.	Commissions and expense allowances on reinsurance assumed	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
23.	General insurance expenses	.................137,665,548	.................. 58,797,972	................................. 0	...................60,912,150	...................17,955,426	................................. 0	................................. 0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	....................6,680,766	.................... 3,293,734	................................. 0	....................3,082,287	....................... 304,745	................................. 0	................................. 0
25.	Increase in loading on deferred and uncollected premiums	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	............(3,842,831,671)	................................. 0	................................. 0	............(3,258,324,655)	............... (584,507,016)	................................. 0	................................. 0
27.	Aggregate write-ins for deductions	40,765,684	(34,037,107)	0	54,635,711	20,167,080	0	0
28.	Totals (Lines 20 to 27)	(3,917,115,933)	454,149,472	0	(5,429,683,996)	1,058,418,591	0	0
29.	Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28)	133,819,146	(77,660,679)	0	127,005,508	84,474,317	0	0
30.	Dividends to policyholders and refunds to members	1,385,037	1,385,037	0	0	0	0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) .	132,434,109	(79,045,716)	0	127,005,508	84,474,317	0	0
32.	Federal income taxes incurred (excluding tax on capital gains)	90,962,201	(54,292,450)	0	87,233,573	58,021,078	0	0
33.	Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital	41,471,908	(24,753,266)	0	39,771,935	26,453,239	0	0
	gains or (losses) (Line 31 minus Line 32)
34.	Policies/certificates in force end of year	989,022	91,273	0	889,696	8,053	0	0
	DETAILS OF WRITE-INS
..............................................................................................................08.301. Sundry receipts and adjustments net of reinsurance ceded	....................... 984,504	.................... 1,189,785	................................. 0	.................(20,738,272)	...................20,532,991	................................. 0	................................. 0
08.302.	..........................................................................................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
.08.303	..........................................................................................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
..........................................................................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	984,504	1,189,785	0	(20,738,272)	20,532,991	0	0
2701.	Sundry disbursements and adjustments	(13,890,203)	1,035,971	0	(17,725,171)	2,798,997	0	0
2702.	Other income and fees - reinsurance ceded	.................192,774,433	................................. 0	................................. 0	.................192,525,554	....................... 248,879	................................. 0	................................. 0
2703.	Separate account MODCO reinsurance	(280,910,601)	(35,438,483)	0	(262,513,918)	17,041,800	0	0
2798.	Summary of remaining write-ins for Line 27 from overflow page	.................142,792,055	....................... 365,405	................................. 0	.................142,349,246	.........................77,404	................................. 0	................................. 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	40,765,684	(34,037,107)	0	54,635,711	20,167,080	0	0

......................................................................................................................................................................................

Attachments

Disclaimer

Equitable Holdings Inc. published this content on 01 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2024 14:01:15 UTC.

Equitable Financial Life Insurance Company – Annual Statement 2023

Advisor News

Annuity News

Health/Employee Benefits News

Life Insurance News

Equitable Financial Life Insurance Company – Annual Statement 2023

Advisor News

Annuity News

Health/Employee Benefits News

Life Insurance News

Sign in with your Insider Pro Account