Equitable Financial Life Insurance Company - Second Quarter Statement 2023 - Insurance News

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STATEMENT AS OF JUNE 30, 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

ASSETS

			Current Statement Date		4
		1	2		3	December 31
					Net Admitted Assets	Prior Year Net
		Assets	Nonadmitted Assets		(Cols. 1 - 2)	Admitted Assets
1.	Bonds	.......... 39,375,019,418	.................................0	..........	39,375,019,418	.......... 42,457,049,850
2.	Stocks:
	2.1 Preferred stocks	387,063,641	0	................	387,063,641	................348,300,477
	2.2 Common stocks	415,538,638	0	................	415,538,638	................398,156,900

3. Mortgage loans on real estate:

	3.1 First liens			11,849,039,902	0	11,849,039,902	12,224,414,424
	3.2 Other than first liens			223,613,390	0	223,613,390	223,651,883
4.	Real estate:
	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 ($	(143,079,393) ), cash equivalents
	($	2,712,428,741	) and short-term
	investments ($	618,190,798 )	............ 3,187,540,145	.................................0	............ 3,187,540,145	................393,031,593
6.	Contract loans (including $	.................................	0	premium notes)	............ 3,528,129,753	...................5,623,125	............ 3,522,506,628	............ 3,505,045,138
7.	Derivatives				................153,373,908	.................................0	................153,373,908	...................1,980,636
8.	Other invested assets			............ 3,042,645,068	................. 10,070,695	............ 3,032,574,373	............2,681,405,862
9.	Receivables for securities			................. 13,965,909	.................................0	................. 13,965,909	................635,114,175
10.	Securities lending reinvested collateral assets	................. 17,640,708	.................................0	................. 17,640,708	.................................0
11.	Aggregate write-ins for invested assets	................160,438,250	.................................0	................160,438,250	............... 141,500,000
12.	Subtotals, cash and invested assets (Lines 1 to 11)	.......... 62,354,008,730	................. 15,693,820	.......... 62,338,314,910	.......... 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	................516,506,380	.................................0	................516,506,380	............... 528,054,961
15.	Premiums and considerations:
	15.1 Uncollected premiums and agents' balances in the course of collection	................122,180,731	...................2,914,666	............... 119,266,065	................109,223,808
	15.2 Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including $	0
	earned but unbilled premiums)	................. 94,825,065	.................................0	................. 94,825,065	................. 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	................277,319,837	.................................0	................277,319,837	............... 245,105,510
	16.2 Funds held by or deposited with reinsured companies	................. 26,248,284	.................................0	................. 26,248,284	................. 22,009,550
	16.3 Other amounts receivable under reinsurance contracts	................... 7,535,419	.................................0	................... 7,535,419	...................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			............1,284,145,490	................874,242,805	............... 409,902,685	................728,530,254
19.	......................................................Guaranty funds receivable or on deposit	................. 13,502,567	.................................0	................. 13,502,567	...................7,161,984
20.	.....................................Electronic data processing equipment and software	................. 98,364,697	................. 87,235,539	................. 11,129,158	................. 10,425,523
21.	Furniture and equipment, including health care delivery assets
	($	0	)	................... 6,795,493	................... 6,795,493	.................................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	................. 25,452,004	.................................0	................. 25,452,004	................276,849,615
24.	Health care ($	......0 ) and other amounts receivable	.................................0	.................................0	.................................0	.................................0
25.	........................................Aggregate write-ins for other than invested assets	............ 2,198,271,414	................. 51,571,297	............ 2,146,700,117	............ 2,249,351,030
26.	Total assets excluding Separate Accounts, Segregated Accounts and
	Protected Cell Accounts (Lines 12 to 25)	.......... 67,025,156,111	............ 1,038,453,620	.......... 65,986,702,491	.......... 67,282,922,524
27.	From Separate Accounts, Segregated Accounts and Protected Cell
	Accounts				.........161,604,480,580	.................................0	.........161,604,480,580	.........147,979,698,797
28.	Total (Lines 26 and 27)				228,629,636,691	1,038,453,620	227,591,183,071	215,262,621,321
	DETAILS OF WRITE-INS
1101.	Collateral on Derivative Instruments
................157,900,000	.................................0	................157,900,000	............... 141,500,000
1102.	Miscellaneous invested assets	..................................................................	...................2,538,250	.................................0	...................2,538,250	.................................0
1103.	......................................................................................................................	....................................	....................................	....................................	....................................
1198.	...................Summary of remaining write-ins for Line 11 from overflow page	.................................0	.................................0	.................................0	.................................0
1199.	Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)	160,438,250	0	160,438,250	141,500,000
2501.	Accrued charges for administrative, separate accounts, claim service
	and other fees			........................ 25,277	.................................0	........................ 25,277	...................3,542,452
2502.	...................................................................................Miscellaneous assets			................. 69,541,789	.................................0	................. 69,541,789	................. 36,057,655
2503.	Other assets non-admitted	..........................................................................		................. 51,571,297	................. 51,571,297	.................................0	.................................0
2598.	...................Summary of remaining write-ins for Line 25 from overflow page	............ 2,077,133,051	.................................0	............ 2,077,133,051	............ 2,209,750,923
2599.	Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)	2,198,271,414	51,571,297	2,146,700,117	2,249,351,030

STATEMENT AS OF JUNE 30, 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

LIABILITIES, SURPLUS AND OTHER FUNDS

								1	2
								Current	December 31
								Statement Date	Prior Year
1.	Aggregate reserve for life contracts $	.......... 24,121,681,020	less $	0 included in Line 6.3
	(including $	10,068	Modco Reserve)			24,121,681,020	39,276,637,088
2.	Aggregate reserve for accident and health contracts (including $	0	Modco Reserve)	528,804,079	534,436,599
3.	Liability for deposit-type contracts (including $	0	Modco Reserve)	16,553,163,935	16,134,182,865
4.	Contract claims:
	4.1 Life					528,466,094	614,742,064
	4.2 Accident and health					35,894,641	36,821,056
5.	Policyholders' dividends/refunds to members $	3,742,952	and coupons $	0	due
	and unpaid					3,742,952	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)		49,694,436	............... 102,621,955
	6.2	...............................Policyholders' dividends and refunds to members not yet apportioned (including $	0 Modco) ....	................. 51,315,678	.................................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
	$	.................................0 discount; including $	132,654 accident and health premiums	4,144,591	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					5,394,890	5,371,027
	9.3 Other amounts payable on reinsurance, including $	0 assumed and $	20,366,538
		ceded					20,366,538	100,817,701
	9.4 Interest Maintenance Reserve					319,239,064	342,679,032
10.	Commissions to agents due or accrued-life and annuity contracts $	.....................	(473,110) , accident and health
	$	.....................(165,192) and deposit-type contract funds $	0	(638,302)	................... 1,633,056
11.	..............................................................................Commissions and expense allowances payable on reinsurance assumed		................... 4,193,736	...................3,829,810
12.	............................................................................................................................................General expenses due or accrued					............... 199,581,465	............... 245,895,284
13.	Transfers to Separate Accounts due or accrued (net) (including $	(836,571,589) accrued for expense
	allowances recognized in reserves, net of reinsured allowances)			..............(857,331,270)	.......... (1,893,835,506)
14.	Taxes, licenses and fees due or accrued, excluding federal income taxes		................. 35,683,896	................. 43,312,796
15.1 Current federal and foreign income taxes, including $	0 on realized capital gains (losses)	................100,863,134	................. 91,241,433
15.2	Net deferred tax liability					.................................0	.................................0
16.	Unearned investment income					...................1,856,841	...................1,971,581
17.	Amounts withheld or retained by reporting entity as agent or trustee			............ 5,648,399,746	............ 3,668,598,392
18.	Amounts held for agents' account, including $	0 agents' credit balances	.................................0	.................................0
19.	Remittances and items not allocated					................125,013,915	................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			................. 67,942,906	................. 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			1,109,529,465	1,005,606,668
	24.02 Reinsurance in unauthorized and certified ($	0 ) companies	.......................................................	3,294,734	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		0	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			13,195,905,735	811,099,734
	24.08	Derivatives			0	0
	24.09	Payable for securities			949,694,291	63,732,408
	24.10	Payable for securities lending			17,640,708	0
	.................................24.11 Capital notes $	.................................0 and interest thereon $	0	0	.................................0
25.	...............................................................................................................................................Aggregate write-ins for liabilities			530,715,668	608,218,220
26.	Total liabilities excluding Separate Accounts business (Lines 1 to 25)		63,354,254,586	62,084,140,403
27.	From Separate Accounts Statement			161,122,940,562	147,582,656,784
28.	Total liabilities (Lines 26 and 27)			224,477,195,148	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			............ 1,653,853,523	............ 1,675,739,971
34.	...........................................................................................................................Aggregate write-ins for special surplus funds		............ 1,220,527,578	............ 1,362,060,955
35.	Unassigned funds (surplus)			237,106,822	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 $	481,540,018	in Separate Accounts Statement)	3,111,487,923	5,593,324,134
38.	Totals of Lines 29, 30 and 37	...................................................................................................................................................				3,113,987,923	5,595,824,134
39.	Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)					227,591,183,071	215,262,621,321
	DETAILS OF WRITE-INS
2501.	Aviation reinsurance losses	...................................................................................................................................................				................. 12,270,748	................. 12,406,777
2502.	..............................................................................................Accrued interest on policy claims and other contract funds				................... 3,735,039	................... 4,433,147
2503.	Miscellaneous liabilities	......................................................................................................................................................					................514,709,881	................591,378,296
2598.	..............................................................................................Summary of remaining write-ins for Line 25 from overflow page				.................................0	.................................0
2599.	Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)					530,715,668	608,218,220
3101	....................................	....................................
3102	....................................	....................................
3103	....................................	....................................
3198.	..............................................................................................Summary of remaining write-ins for Line 31 from overflow page				.................................0	.................................0
3199.	Totals (Lines 3101 through 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)	......................................................................................................................................................					............ 1,188,027,578	............ 1,329,560,955
3498.	..............................................................................................Summary of remaining write-ins for Line 34 from overflow page				.................................0	.................................0
3499.	Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)					1,220,527,578	1,362,060,955

STATEMENT AS OF JUNE 30, 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

SUMMARY OF OPERATIONS

		1	2	3
		Current Year	Prior Year	Prior Year Ended
		To Date	To Date	December 31
1.	Premiums and annuity considerations for life and accident and health contracts	.......... (6,940,249,490)	............ 9,481,076,674	.......... 13,460,730,816
2.	Considerations for supplementary contracts with life contingencies	................. 14,976,446	................. 12,636,603	................. 22,709,189
3.	Net investment income	................(65,891,184)	............ 4,051,716,542	............ 5,280,479,190
4.	Amortization of Interest Maintenance Reserve (IMR)	................. (6,758,430)	...................5,211,448	................. (4,227,646)
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	............... 212,185,659	................303,527,941	................671,431,946
6.	Commissions and expense allowances on reinsurance ceded	..............(565,728,795)	..............(155,871,779)	................. 31,223,903
7.	Reserve adjustments on reinsurance ceded	................. (1,109,463)	................. (1,357,825)	................. (3,668,172)
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management, administration and contract
	guarantees from Separate Accounts	................698,156,726	................768,560,210	............ 1,465,624,403
	8.2 Charges and fees for deposit-type contracts	.................................0	.................................0	.................................0
	8.3 Aggregate write-ins for miscellaneous income	26,577,245	36,536,489	69,073,742
9.	Totals (Lines 1 to 8.3)	(6,627,841,286)	14,502,036,303	20,993,377,371
10.	Death benefits	984,141,112	............1,226,155,484	............ 2,283,907,183
11.	Matured endowments (excluding guaranteed annual pure endowments)	................... 7,588,757	...................1,624,030	...................1,462,714
12.	Annuity benefits	............ 1,124,447,407	............1,190,110,981	............2,268,159,089
13.	Disability benefits and benefits under accident and health contracts	................. 40,356,953	................. 40,287,093	................. 77,023,240
14.	Coupons, guaranteed annual pure endowments and similar benefits	.................................0	.................................0	.................................0
15.	Surrender benefits and withdrawals for life contracts	............ 7,153,025,603	............ 7,390,217,670	.......... 14,205,002,011
16.	Group conversions	.................................0	.................................0	.................................0
17.	Interest and adjustments on contract or deposit-type contract funds	................363,973,463	................. 82,531,617	................273,949,530
18.	Payments on supplementary contracts with life contingencies	................. 24,103,905	................. 24,134,578	................. 47,798,047
19.	Increase in aggregate reserves for life and accident and health contracts	(15,160,588,588)	2,712,278,312	(3,106,502,057)
20.	Totals (Lines 10 to 19)	.......... (5,462,951,388)	...........12,667,339,765	.......... 16,050,799,757
21.	Commissions on premiums, annuity considerations, and deposit-type contract funds (direct
	business only)	................492,364,016	................636,814,885	............ 1,240,966,784
22.	Commissions and expense allowances on reinsurance assumed	...................5,319,926	...................4,116,425	...................7,989,099
23.	General insurance expenses and fraternal expenses	................363,870,137	................413,782,303	................819,475,257
24.	Insurance taxes, licenses and fees, excluding federal income taxes	................. 25,528,347	................. 26,920,262	................. 42,310,934
25.	Increase in loading on deferred and uncollected premiums	.....................(363,189)	.......................(70,232)	...................... 546,101
26.	Net transfers to or (from) Separate Accounts net of reinsurance	.......... (1,157,720,211)	................428,116,705	..............(140,807,663)
27.	Aggregate write-ins for deductions	(75,552,164)	260,539,267	688,865,747
28.	Totals (Lines 20 to 27)	(5,809,504,526)	14,437,559,380	18,710,146,016
29.	Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus
	Line 28)	..............(818,336,760)	................. 64,476,923	............ 2,283,231,355
30.	Dividends to policyholders and refunds to members	51,126,888	54,394,067	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)	..............(869,463,648)	................. 10,082,856	............ 2,181,289,308
32.	Federal and foreign income taxes incurred (excluding tax on capital gains)	80,388,761	173,812,459	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)	..............(949,852,409)	..............(163,729,603)	............ 1,820,517,058

34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital

	gains tax of $	(41,114,989) (excluding taxes of $	(15,046,873)
	transferred to the IMR)		(278,118,965)	(864,521,757)	(1,688,209,539)
35.	Net income (Line 33 plus Line 34)	(1,227,971,374)	(1,028,251,360)	132,307,519
		CAPITAL AND SURPLUS ACCOUNT
36.	Capital and surplus, December 31, prior year	5,595,824,134	5,393,873,655	5,393,873,655
37.	Net income (Line 35)		(1,227,971,374)	.......... (1,028,251,360)	................132,307,519
38.	Change in net unrealized capital gains (losses) less capital gains tax of $	.............. 59,318,543	................(81,165,365)	............... 121,006,986	................101,157,028
39.	Change in net unrealized foreign exchange capital gain (loss)	................. 55,629,847	................(31,440,816)	................(40,687,829)
40.	Change in net deferred income tax	................382,350,596	................278,697,862	................. 76,546,769
41.	Change in nonadmitted assets	..............(591,041,829)	............... 290,580,411	................694,626,271
42.	Change in liability for reinsurance in unauthorized and certified companies	.................................0	................213,000,000	................211,779,702
43.	Change in reserve on account of change in valuation basis, (increase) or decrease	.................................0	.................................0	..............(866,405,033)
44.	Change in asset valuation reserve	..............(103,922,797)	................. 24,199,685	................... 7,573,077
45.	Change in treasury stock		.................................0	.................................0	.................................0
46.	Surplus (contributed to) withdrawn from Separate Accounts during period	................128,881,872	................857,040,694	............ 1,311,406,384
47.	Other changes in surplus in Separate Accounts Statement	..............(127,687,655)	..............(860,649,226)	.......... (1,315,007,491)
48.	Change in surplus notes		.................................0	.................................0	.................................0
49.	........................................................................Cumulative effect of changes in accounting principles	............... 264,900,000	.................................0	.................................0
50.	Capital changes:
	50.1 Paid in		.................................0	.................................0	.................................0
	50.2 Transferred from surplus (Stock Dividend)	.................................0	.................................0	.................................0
	..................................................................................................................50.3 Transferred to surplus	.................................0	.................................0	.................................0
51.	Surplus adjustment:
	51.1 Paid in		................(21,886,448)	................(51,326,575)	................(52,485,569)
	51.2 Transferred to capital (Stock Dividend)	.................................0	.................................0	.................................0
	51.3 Transferred from capital	.................................0	.................................0	.................................0
	...............................................................................51.4 Change in surplus as a result of reinsurance	..............(109,923,058)	................205,521,583	................993,182,316
52.	....................................................................................................................Dividends to stockholders		.......... (1,050,000,000)	.................................0	..............(929,781,499)
53.	Aggregate write-ins for gains and losses in surplus	0	(34,217,148)	(122,261,166)
54.	Net change in capital and surplus for the year (Lines 37 through 53)	(2,481,836,211)	(15,837,904)	201,950,479
55.	Capital and surplus, as of statement date (Lines 36 + 54)		3,113,987,923	5,378,035,751	5,595,824,134
	DETAILS OF WRITE-INS
08.301. Sundry receipts and adjustments
................. 26,577,245	................. 36,536,489	................. 69,073,742
08.302.	..................................................................................................................................................................................................			....................................	....................................
08.303.	..................................................................................................................................................................................................			....................................	....................................
........................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	.................................0	.................................0	.................................0
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)		26,577,245	36,536,489	69,073,742
2701.	Aviation reinsurance losses	.......................(63,311)	........................ 79,174	.....................(268,323)
2702.	...............................................................................................................Sundry disbursements and adjustments	130,960,500	............... 151,019,015	................275,893,853
2703.	Separate account MODCO reinsurance ceded	241,655,314	................109,441,078	................223,418,808
2798.	.........................................................Summary of remaining write-ins for Line 27 from overflow page	..............(448,104,667)	.................................0	............... 189,821,409
2799.	Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)		(75,552,164)	260,539,267	688,865,747
5301.	Change in Pension Plans		0	...................... 250,000	...................... 500,000
5302.	Prior Year Adjustments		0	................(34,467,148)	..............(122,761,166)
5303		....................................	....................................
5398.	.........................................................Summary of remaining write-ins for Line 53 from overflow page	.................................0	.................................0	.................................0
5399.	Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)		0	(34,217,148)	(122,261,166)

STATEMENT AS OF JUNE 30, 2023 OF THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY

CASH FLOW

			1	2	3
			Current Year	Prior Year	Prior Year Ended
			To Date	To Date	December 31
	Cash from Operations
1.	Premiums collected net of reinsurance	............ 5,127,927,769	............9,464,695,248	.......... 17,036,208,611
2.	Net investment income	..............(132,005,124)	............ 3,878,663,459	............ 4,959,868,718
3.	Miscellaneous income	1,024,916,237	900,424,792	1,674,715,297
4.	Total (Lines 1 to 3)	6,020,838,882	14,243,783,499	23,670,792,626
5.	Benefit and loss related payments	............ 9,898,614,538	............ 9,938,808,975	.......... 18,984,940,067
6.	.................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	.......... (3,745,409,458)	.......... (1,438,545,396)	.......... (1,850,168,742)
7.	...............................................Commissions, expenses paid and aggregate write-ins for deductions	................921,982,113	............ 1,670,655,361	............ 3,156,282,550
8.	Dividends paid to policyholders	................. 10,918,763	................. 11,528,409	................. 22,615,208
9.	Federal and foreign income taxes paid (recovered) net of $	0 tax on capital
	gains (losses)	(34,333,101)	(49,294,265)	(14,888,274)
10.	Total (Lines 5 through 9)	7,051,772,855	10,133,153,084	20,298,780,809
11.	Net cash from operations (Line 4 minus Line 10)	(1,030,933,973)	4,110,630,415	3,372,011,817

Cash from Investments

12. Proceeds from investments sold, matured or repaid:

12.1	Bonds	............ 3,536,879,908	............ 6,927,748,168	............ 8,549,501,503
12.2	Stocks	................. 42,839,679	................. 49,100,190	................165,303,892
12.3	Mortgage loans	................116,676,903	................695,069,837	................730,493,016
12.4	Real estate	.................................0	.................................0	.................................0
12.5	Other invested assets	................145,497,362	................128,333,653	............... 192,125,665
12.6	Net gains or (losses) on cash, cash equivalents and short-term investments	.................................0	.................................0	.......................... 1,773
12.7	Miscellaneous proceeds	1,507,110,149	66,018,417	36,390,000
12.8 Total investment proceeds (Lines 12.1 to 12.7)	............ 5,349,004,001	............ 7,866,270,265	............ 9,673,815,849
13. Cost of investments acquired (long-term only):
13.1	Bonds	............ 1,079,972,776	............ 6,963,111,166	............ 8,171,432,274
13.2	Stocks	................102,419,380	................171,722,259	................311,969,830
13.3	Mortgage loans	................506,937,277	................666,679,093	............ 1,660,589,932
13.4	Real estate	.................................0	.................................0	.................................0
13.5	Other invested assets	................495,560,493	................306,009,694	................683,052,841
13.6	Miscellaneous applications	284,081,121	2,587,252,276	2,701,358,359
13.7	Total investments acquired (Lines 13.1 to 13.6)	2,468,971,047	10,694,774,488	13,528,403,236
14. Net increase (or decrease) in contract loans and premium notes	16,447,904	3,668,339	(27,343,060)
15. Net cash from investments (Line 12.8 minus Line 13.7 and Line 14)	2,863,585,050	(2,832,172,562)	(3,827,244,327)

Cash from Financing and Miscellaneous Sources

16. Cash provided (applied):

16.1	Surplus notes, capital notes	.................................0	.................................0	.................................0
16.2	Capital and paid in surplus, less treasury stock	.................................0	.................................0	.................................0
16.3	Borrowed funds	.................................0	.................................0	.................................0
16.4	Net deposits on deposit-type contracts and other insurance liabilities	............... 518,198,509	................649,068,705	............ 2,126,233,854
16.5 Dividends to stockholders	............1,050,000,000	.................................0	................929,781,499
16.6 Other cash provided (applied)	1,493,658,966	(1,747,583,666)	(1,375,883,714)

17. Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5

plus Line 16.6)

961,857,475

(1,098,514,961)

(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) .	............ 2,794,508,552
19.	Cash, cash equivalents and short-term investments:
	19.1 Beginning of year	................393,031,593
	19.2 End of period (Line 18 plus Line 19.1)	3,187,540,145

................179,942,892

............ 1,027,695,461

1,207,638,353

..............(634,663,868)

............ 1,027,695,461

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	.................................0

Attachments

Disclaimer

Equitable Holdings Inc. published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 15:17:20 UTC.

Equitable Financial Life Insurance Company – Second Quarter Statement 2023

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