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 assets non-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

2

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

3

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)

4

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

5

6

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.

Aggregate write-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

(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 columns are affected.

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

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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 14:02:11 UTC.