Equitable Holdings, Inc.

Equities

EQH

US29452E1010

Diversified Investment Services

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Apr. 15	Morgan Stanley Adjusts Equitable Holdings' Price Target to $41 From $39, Keeps Overweight Rating	MT
Apr. 11	Wells Fargo Raises Price Target on Equitable to $46 From $43, Keeps Overweight Rating	MT

Equitable : Financial Life Insurance Company of America - Annual Statement 2023

March 02, 2024 at 09:02 am EST

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

AMERICA

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)	............ 2,668,923,004	...................................	............ 2,668,923,004	............ 2,085,819,328

2. Stocks (Schedule D):

	2.1 Preferred stocks	................. 19,133,640	...................................	................. 19,133,640	................. 19,353,509
	2.2 Common stocks	................... 1,023,500	...................................	................... 1,023,500	................... 1,023,500
3.	Mortgage loans on real estate (Schedule B):
	3.1 First liens	..................................................................................................	................. 68,350,000	...................................	................. 68,350,000	................. 17,000,000
	3.2 Other than first liens	.................................0	...................................	.................................0	.................................0
4.	Real estate (Schedule A):
	4.1 Properties occupied by the company (less $
	encumbrances)	...................................	...................................	.................................0	.................................0
	4.2 Properties held for the production of income (less
	$	encumbrances)	...................................	...................................	.................................0	.................................0
	4.3 Properties held for sale (less $
	encumbrances)	...................................	...................................	.................................0	.................................0
5.	Cash ($	138,009,724 , Schedule E - Part 1), cash equivalents
	($	391,109,607	, Schedule E - Part 2) and short-term
	investments ($	0 , Schedule DA)	................529,119,331	...................................	................529,119,331	................190,078,344
6.	Contract loans (including $	................................... premium notes)	................172,090,494	...................... 555,683	................171,534,811	................141,718,613
7.	Derivatives (Schedule DB)	............ 1,100,981,928	...................................	............ 1,100,981,928	................. 47,567,926
8.	Other invested assets (Schedule BA)	................... 3,305,234	...................................	................... 3,305,234	.................................0
9.	Receivables for securities	...................... 514,085	...................................	...................... 514,085	...................... 601,553
10.	Securities lending reinvested collateral assets (Schedule DL)	................... 6,221,953	...................................	................... 6,221,953	.................................0
11.	Aggregate write-ins for invested assets	.................................0	.................................0	.................................0	........................ 48,870
12.	Subtotals, cash and invested assets (Lines 1 to 11)	............ 4,569,663,169	...................... 555,683	............ 4,569,107,486	............ 2,503,211,643
13.	Title plants less $	charged off (for Title insurers
	only)		...................................	...................................	.................................0	.................................0
14.	Investment income due and accrued	................. 26,669,135	...................................	................. 26,669,135	................. 21,371,772

15. Premiums and considerations:

15.1	Uncollected premiums and agents' balances in the course of collection	(7,473,743)	...................................	(7,473,743)	(6,999,228)
15.2	Deferred premiums, agents' balances and installments booked but
	...................................deferred and not yet due (including $
	earned but unbilled premiums)	...................................	...................................	0	0
15.3	Accrued retrospective premiums ($	) and
	contracts subject to redetermination ($	)	................................... ...................................	.................................0	0

16. Reinsurance:

	....................................................16.1 Amounts recoverable from reinsurers	...................8,081,220	...................................	...................8,081,220	................... 3,613,963
	16.2 Funds held by or deposited with reinsured companies	.......... 12,406,126,704	...................................	.......... 12,406,126,704	.................................0
	16.3 Other amounts receivable under reinsurance contracts	.......................704,487	...................................	.......................704,487	...................... 699,001
17.	Amounts receivable relating to uninsured plans	...................................	...................................	.................................0	.................................0
18.1	....Current federal and foreign income tax recoverable and interest thereon	.................................0	...................................	.................................0	.................................0
18.2	Net deferred tax asset	...................................................................................	................108,432,022	..................72,377,353	................. 36,054,669	................. 25,462,541
19.	Guaranty funds receivable or on deposit	.......................876,897	...................................	.......................876,897	...................... 547,880
20.	Electronic data processing equipment and software	.................................0	...................................	.................................0	.................................0
21.	Furniture and equipment, including health care delivery assets
	($	)	.................................0	...................................	.................................0	.................................0
22.	.........Net adjustment in assets and liabilities due to foreign exchange rates	.................................0	...................................	.................................0	.................................0
23.	Receivables from parent, subsidiaries and affiliates	................. 63,475,494	...................................	................. 63,475,494	................. 99,089,498
24.	Health care ($	) and other amounts receivable	.................................0	...................................	.................................0	.................................0
25.	Aggregate write-ins for other than invested assets	................667,209,008	...................... 551,794	................666,657,214	................... 4,381,080
26.	Total assets excluding Separate Accounts, Segregated Accounts and
	Protected Cell Accounts (Lines 12 to 25)	...........17,843,764,393	................. 73,484,830	...........17,770,279,563	............ 2,651,378,150

27. From Separate Accounts, Segregated Accounts and Protected Cell

	Accounts	14,720,800,295	...................................	14,720,800,295	4,117,226,598
28.	Total (Lines 26 and 27)	32,564,564,688	73,484,830	32,491,079,858	6,768,604,748
	DETAILS OF WRITE-INS
1101.	Miscellaneous invested assets	...................................	...................................	.................................0	........................ 48,870
1102.	......................................................................................................................	....................................	....................................	....................................	....................................
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)	0	0	0	48,870
2501.	Miscellaneous Assets	563,319	...................................	563,319	101,527
2502.	Other assets non-admitted	...................... 551,794	...................... 551,794	.................................0	.................................0
2503.	...............................................................................................Admitted Disallowed IMR	40,012,363	...................................	................. 40,012,363	.................................0
2598.	Summary of remaining write-ins for Line 25 from overflow page	................626,081,532	.................................0	................626,081,532	................... 4,279,553
2599.	Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)	667,209,008	551,794	666,657,214	4,381,080

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

AMERICA

LIABILITIES, SURPLUS AND OTHER FUNDS

				1	2
				Current Year	Prior Year
1.	Aggregate reserve for life contracts $	14,196,653,932 (Exh. 5, Line 9999999) less $
	included in Line 6.3 (including $	Modco Reserve)	..........................................................................	14,196,653,932	2,271,719,234
2.	Aggregate reserve for accident and health contracts (including $	Modco Reserve)	71,461,296	54,520,696
3.	Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $	................................... Modco Reserve)	................. 13,425,596	7,721,086

4. Contract claims:

	4.1	Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less Col. 6)	148,595,984	46,926,874
	4.2	Accident and health (Exhibit 8, Part 1, Line 4.4, Col. 6)	9,906,468	6,244,967
5.	Policyholders' dividends/refunds to members $	and coupons $	due
	.................................................................................................................................................and unpaid (Exhibit 4, Line 10)		0	...................................
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 $
		Modco)		...................................	...................................
	6.2	.................................Policyholders' dividends and refunds to members not yet apportioned (including $	Modco) ....	...................................	...................................
	6.3	Coupons and similar benefits (including $	Modco)	...................................	...................................
7.	Amount provisionally held for deferred dividend policies not included in Line 6	...................................	...................................
8.	Premiums and annuity considerations for life and accident and health contracts received in advance less
	$	................................... discount; including $	0 accident and health premiums (Exhibit 1,
	Part 1, Col. 1, sum of lines 4 and 14)	0	...................................

9. Contract liabilities not included elsewhere:


	9.1	Surrender values on canceled contracts	............................................................................................................................		...................................	...................................
	9.2	Provision for experience rating refunds, including the liability of $	accident and health
		experience rating refunds of which $	.................................0 is for medical loss ratio rebate per the Public Health
		Service Act			...................................	...................................
	9.3 Other amounts payable on reinsurance, including $	assumed and $
		ceded			0	0
	9.4 Interest maintenance reserve (IMR, Line 6)		0	0
10.	Commissions to agents due or accrued-life and annuity contracts $	54,725,279	accident and health
	$	............................. 987 and deposit-type contract funds $	................................................... ................. 54,726,266	25,348,895
11.	Commissions and expense allowances payable on reinsurance assumed	..............................................................................	0	...................................
12.	General expenses due or accrued (Exhibit 2, Line 12, Col. 7)		4,145,906	3,867,563
13.	Transfers to Separate Accounts due or accrued (net) (including $	(3,262,025,880)	accrued for expense
	allowances recognized in reserves, net of reinsured allowances)		(2,861,649,158)	(223,663,016)
14.	Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6)	6,544,860	6,226,809
15.1	Current federal and foreign income taxes, including $	on realized capital gains (losses)	791,289,089	1,677,140
15.2	Net deferred tax liability			...................................	...................................
16.	Unearned investment income			...................................	...................................
17.	Amounts withheld or retained by reporting entity as agent or trustee				2,811,510
	778,392,425
18.	...................................Amounts held for agents' account, including $	.........................................agents' credit balances	...................................	...................................
19.	........................................................................................................................................Remittances and items not allocated			18,111,758	................... 1,817,907
20.	Net adjustment in assets and liabilities due to foreign exchange rates		...................................	...................................
21.	Liability for benefits for employees and agents if not included above		...................................	...................................
22.	...................................Borrowed money $	and interest thereon $	............................................	...................................	...................................
23.	........................................................................................................................Dividends to stockholders declared and unpaid		...................................	...................................

24. Miscellaneous liabilities:


	24.01	Asset valuation reserve (AVR, Line 16, Col. 7)		33,939,128	16,887,856
	24.02 Reinsurance in unauthorized and certified ($	0 ) companies	566,397	0
	24.03 Funds held under reinsurance treaties with unauthorized and certified ($	) reinsurers	0	...................................
	24.04	..................................................................................................................Payable to parent, subsidiaries and affiliates		................... 5,832,159	................. 37,152,828
	24.05	Drafts outstanding			0	...................................
	24.06	Liability for amounts held under uninsured plans		0	...................................
	24.07	Funds held under coinsurance			0	...................................
	24.08	Derivatives			.................................0	...................................
	24.09	Payable for securities			................. 27,359,705	................... 4,135,763
	24.10	Payable for securities lending			6,221,953	...................................
	...................................24.11 Capital notes $	and interest thereon $	...................................	........................................	.................................0	...................................
25.	................................................................................................................................................Aggregate write-ins for liabilities			62,558,578	5,215,427
26.	.....................................................................................Total liabilities excluding Separate Accounts business (Lines 1 to 25)		13,368,082,342	2,268,611,539
27.	.........................................................................................................................................From Separate Accounts Statement			14,714,506,291	4,097,117,551
28.	Total liabilities (Lines 26 and 27)			28,082,588,633	6,365,729,090
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			...................................	...................................
33.	Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1)	1,884,648,867	834,648,867
34.	............................................................................................................................Aggregate write-ins for special surplus funds			................663,042,162	.................................0
35.	.......................................................................................................................................................Unassigned funds (surplus)			............ 1,858,300,196	..............(434,273,209)

36. Less treasury stock, at cost:

	36.1	shares common (value included in Line 29	$	)	...................................	...................................
	36.2	shares preferred (value included in Line 30	$	)	...................................	...................................
37.	...................Surplus (Total Lines 31+32+33+34+35-36) (including $	6,294,004	in Separate Accounts Statement)	4,405,991,225	400,375,658
38.	......................................................................................................................Totals of Lines 29, 30 and 37 (Page 4, Line 55)			4,408,491,225	402,875,658
39.	Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)				32,491,079,858	6,768,604,748

	DETAILS OF WRITE-INS
2501.	Miscellaneous liabilities				...................4,415,281	................... 5,215,427
2502.	Deferred Gain on reinsurance	..................................................................................................................................................			58,143,297	...................................
2503		....................................
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)				62,558,578	5,215,427
3101.	.....................................................................................................................................................................................................................................		.................................0
3102.	.................................................................................................... .........................	...................................	.................................0
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.	Admitted Disallowed IMR				41,706,950	0
3402.	.......................................................................................................................................VA Derivatives (SSAP 108) Permitted Practice			621,335,212	0
3403.	.................................................................................................... .........................	...................................	.................................0
3498.	..............................................................................................Summary of remaining write-ins for Line 34 from overflow page			.................................0	.................................0
3499.	Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)				663,042,162	0

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

AMERICA

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)	23,793,341,376	1,674,627,395
2.	Considerations for supplementary contracts with life contingencies	28,580,325	0
3.	Net investment income (Exhibit of Net Investment Income, Line 17)	103,604,549	76,344,456
4.	Amortization of Interest Maintenance Reserve (IMR, Line 5)	1,180,996	(623,421)
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	(403,109,888)	547,247
6.	Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)	10,171,488	17,115,390
7.	Reserve adjustments on reinsurance ceded	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate
	Accounts	60,893,584	48,550,108
	8.2 Charges and fees for deposit-type contracts	0	.................................0
	8.3 Aggregate write-ins for miscellaneous income	1,026,802,430	43,145,336

9.	Total (Lines 1 to 8.3)	24,621,464,860	1,859,706,511
10.	Death benefits	................723,041,686	................202,398,077
11.	Matured endowments (excluding guaranteed annual pure endowments)	.................................0	.................................0
12.	Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 5 minus Analysis of Operations Summary, Line 18, Col. 1)	................315,518,002	................... 1,783,185
13.	Disability benefits and benefits under accident and health contracts	................125,361,909	................. 95,779,848
14.	Coupons, guaranteed annual pure endowments and similar benefits	.................................0	.................................0
15.	Surrender benefits and withdrawals for life contracts	............ 1,166,911,525	................. 77,940,029
16.	Group conversions	.................................0	.................................0
17.	Interest and adjustments on contract or deposit-type contract funds	................... 3,907,189	...................... 580,096
18.	Payments on supplementary contracts with life contingencies	................... 2,044,382	.................................0
19.	Increase in aggregate reserves for life and accident and health contracts	11,941,875,297	83,737,141
20.	Totals (Lines 10 to 19)	14,278,659,990	................462,218,376
21.	Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part
	2, Line 31, Col. 1)	................601,346,017	............... 199,011,606
22.	Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)	............ 1,375,141,550	.................................0
23.	General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Cols. 1, 2, 3, 4 and 6)	................166,327,972	............... 140,152,141
24.	Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3 + 5)	................. 19,840,861	................. 18,505,469
25.	Increase in loading on deferred and uncollected premiums	.................................0	.................................0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	............ 6,663,253,350	................863,999,790
27.	Aggregate write-ins for deductions	102,209,022	81,703,999
28.	Totals (Lines 20 to 27)	23,206,778,762	1,765,591,381

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

	Line 28)			1,414,686,098	94,115,130
30.	Dividends to policyholders and refunds to members		0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29
	minus Line 30)		1,414,686,098	94,115,130
32.	Federal and foreign income taxes incurred (excluding tax on capital gains)	690,380,231	26,406,810
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)		724,305,867	67,708,320
34.	Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of
	$	23,424,001 (excluding taxes of $	......................................(1,021,976) transferred to the IMR)	87,517,849	(88,845,736)
35.	Net income (Line 33 plus Line 34)		811,823,716	................(21,137,416)
		CAPITAL AND SURPLUS ACCOUNT
36.	...................................................................................Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)	402,875,658	322,796,168
37.	Net income (Line 35)		811,823,716	................(21,137,416)
38.	..............Change in net unrealized capital gains (losses) less capital gains tax of $	77,211,121	................293,766,120	................(18,662,177)
39.	Change in net unrealized foreign exchange capital gain (loss)	.................................................................................................	.................................0	.................................0
40.	...........................................................................................................................................Change in net deferred income tax		...................6,216,194	................. 16,280,307
41.	..................................................................................................................................................Change in nonadmitted assets		................. 27,903,803	................(30,263,154)
42.	Change in liability for reinsurance in unauthorized and certified companies	.....................(566,397)	.................................0
43.	Change in reserve on account of change in valuation basis, (increase) or decrease	.................................0	.................................0
44.	............................................................................................................................................Change in asset valuation reserve		................(17,051,273)	................. (1,242,348)
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	..............(386,624,548)	.....................(552,704)
47.	Other changes in surplus in Separate Accounts Statement		................389,294,845	................. (1,633,015)
48.	Change in surplus notes		.................................0	.................................0
49.	Cumulative effect of changes in accounting principles		.................................0	.................................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	............ 1,050,000,000	............... 150,000,000
	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	............ 1,830,853,107	................(12,710,003)
52.	Dividends to stockholders	.................................0	.................................0
53.	Aggregate write-ins for gains and losses in surplus	0	0
54.	Net change in capital and surplus for the year (Lines 37 through 53)	4,005,615,567	80,079,490
55.	Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)	4,408,491,225	402,875,658
	DETAILS OF WRITE-INS
08.301. Sundry receipts and adjustments	46,586,810	................. 43,145,336
08.302. Funds Withheld Assumed NII incl derivative activity net of SSAP 108 deferral	(262,564,032)	...................................
08.303. Seperate account MODCO reinsurance assumed	892,096,524	...................................
.............................................................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	................350,683,128	.................................0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398)(Line 8.3 above)	1,026,802,430	43,145,336
2701.	Sundry disbursements and adjustments	4,899,574	................... 2,771,661
2702.	Separate account MODCO reinsurance ceded	................. 97,309,448	................. 78,932,338
2703		....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	.................................0	.................................0
2799.	Totals (Lines 2701 thru 2703 plus 2798)(Line 27 above)	102,209,022	81,703,999
5301		....................................

5302
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	0

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

AMERICA

CASH FLOW

Cash from Operations

Current Year

Prior Year

1.	Premiums collected net of reinsurance	.......... 11,416,264,025	............ 1,679,720,642
2.	Net investment income	............... 100,121,515	................. 76,913,746
3.	Miscellaneous income	427,525,695	96,100,831
4.	Total (Lines 1 through 3)	11,943,911,235	1,852,735,219
5.	Benefit and loss related payments	............ 2,235,921,338	................361,254,851
6.	.......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	............ 9,687,781,040	................780,472,503
7.	.....................................................................................Commissions, expenses paid and aggregate write-ins for deductions	................398,098,434	................448,791,014
8.	Dividends paid to policyholders	.................................0	.................................0
9.	Federal and foreign income taxes paid (recovered) net of $	tax on capital gains (losses)	420,000	0
10.	Total (Lines 5 through 9)	12,322,220,812	1,590,518,368
11.	Net cash from operations (Line 4 minus Line 10)	(378,309,578)	262,216,851

Cash from Investments

12. Proceeds from investments sold, matured or repaid:

	12.1	Bonds	............... 521,589,524	................165,009,835
	12.2	Stocks	................. 57,193,285	...................... 847,100
	12.3	Mortgage loans	.................................0	.................................0
	12.4	Real estate	.................................0	.................................0
	12.5	Other invested assets	.................................0	.................................0
	12.6	Net gains or (losses) on cash, cash equivalents and short-term investments	........................ 25,562	.................................0
	12.7	Miscellaneous proceeds	30,210,378	6,041,802
	12.8 Total investment proceeds (Lines 12.1 to 12.7)	................609,018,749	................171,898,737
13.	Cost of investments acquired (long-term only):
	13.1	Bonds	............ 1,111,363,449	................263,947,373
	13.2	Stocks	................. 57,238,588	................... 1,667,300
	13.3	Mortgage loans	................. 51,350,000	.................................0
	13.4	Real estate	.................................0	.................................0
	13.5	Other invested assets	.................................0	.................................0
	13.6	Miscellaneous applications	575,199,311	158,508,774
	13.7	Total investments acquired (Lines 13.1 to 13.6)	1,795,151,348	424,123,447
14.	Net increase/(decrease) in contract loans and premium notes	29,793,225	16,700,238
15.	Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)	(1,215,925,824)	(268,924,948)
		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	............ 1,050,000,000	............... 150,000,000
	.................................................................................................................................................................16.3 Borrowed funds	.................................0	.................................0
	..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities	................... 5,704,510	................... 2,837,852

	.................................................................................................................................................16.5 Dividends to stockholders	.................................0	.................................0
	16.6 Other cash provided (applied)	877,571,878	(62,727,608)
17.	Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)	1,933,276,388	90,110,244
		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)	339,040,987	83,402,147
19.	Cash, cash equivalents and short-term investments:
	...............................................................................................................................................................19.1 Beginning of year	................190,078,344	................106,676,197
	19.2 End of year (Line 18 plus Line 19.1)	529,119,331	190,078,344

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

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

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	23,793,341,376	3,758,182,281	103,541,287	12,453,396,772	7,287,341,563	190,879,472	...................................	.................................	0	0
2.	Considerations for supplementary contracts with life contingencies	.................. 28,580,325	...............XXX	...............XXX	.................. 28,580,325	................................. 0	...............XXX	...............XXX	.................................	0	...............XXX
3.	Net investment income	.................103,604,549	.................. 89,632,878	....................1,525,858	.................... 4,080,539	.................... 3,867,591	.................... 4,497,683	...................................	.................................	0	................................. 0
4.	Amortization of Interest Maintenance Reserve (IMR)	.................... 1,180,996	......................(127,436)	................................. 0	......................(271,032)	.................... 1,579,464	................................. 0	...................................	.................................	0	................................. 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	............... (403,109,888)	....................... (95,136)	................................. 0	............... (403,014,752)	................................. 0	................................. 0	...............XXX	.................................	0	................................. 0
6.	Commissions and expense allowances on reinsurance ceded	...................10,171,487	.................... 7,050,944	....................... 120,457	....................3,000,086	................................. 0	................................. 0	...............XXX	.................................	0	................................. 0
7.	Reserve adjustments on reinsurance ceded	0	0	0	0	0	0	...............XXX	.................................	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and
	contract guarantees from Separate Accounts	.................. 60,893,584	.................. 34,700,607	................................. 0	...................26,192,977	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
	8.2 Charges and fees for deposit-type contracts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	...............XXX	...................................	................................. 0
	8.3 Aggregate write-ins for miscellaneous income	1,026,802,432	80,919,330	0	1,086,974,274	(141,723,739)	3,298		0	629,269	0
9.	Totals (Lines 1 to 8.3)	24,621,464,861	3,970,263,469	105,187,602	13,198,939,189	7,151,064,879	195,380,453		0	629,269	0
10.	Death benefits	.................723,041,686	.................638,454,609	.................. 84,587,077	0	0	...............XXX	...............XXX	0	0
11.	Matured endowments (excluding guaranteed annual pure endowments)	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0
12.	Annuity benefits	.................315,518,002	...............XXX	...............XXX	.................118,609,601	.................196,908,401	...............XXX	...............XXX	................................. 0	...............XXX
13.	Disability benefits and benefits under accident and health contracts	................. 125,361,909	....................... (12,052)	....................... 587,166	................................. 0	................................. 0	.................124,786,795	...............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	1,166,911,525	.................113,885,279	................................. 0	417,249,731	635,776,515	...............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	.................... 3,907,189	.................... 1,996,640	....................... 811,401	....................... 693,296	....................... 405,852	................................. 0	...............XXX	................................. 0	................................. 0
18.	Payments on supplementary contracts with life contingencies	....................2,044,382	................................. 0	................................. 0	....................2,044,382	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0
19.	Increase in aggregate reserves for life and accident and health contracts	11,941,875,297	2,878,040,640	1,806,583	3,726,777,548	5,318,309,927	16,940,599	XXX			0
20.	Totals (Lines 10 to 19)	14,278,659,990	3,632,365,116	87,792,227	4,265,374,558	6,151,400,695	141,727,394	...............XXX	0	0
21.	Commissions on premiums, annuity considerations and deposit-type contract funds
	(direct business only)	.................601,346,017	...................96,506,417	.................. 17,253,968	.................453,817,659	................................. 0	...................33,759,559	.................................	0	...........................8,414	...............XXX
22.	Commissions and expense allowances on reinsurance assumed	..............1,375,141,550	............... (359,410,492)	................................. 0	.................707,852,478	..............1,026,699,564	................................. 0	...............XXX	................................. 0	................................. 0
23.	General insurance expenses and fraternal expenses	166,327,972	65,105,510	22,543,873	24,523,132	0	54,155,457	...................................	0	0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	.................. 19,840,861	.................. 18,398,710	.........................56,781	.................... 1,104,784	....................... 120,827	....................... 159,759	...................................	................................. 0	................................. 0
25.	Increase in loading on deferred and uncollected premiums	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	..............6,663,253,350	.................126,277,856	................................. 0	..............6,536,975,494	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
27.	Aggregate write-ins for deductions	102,209,022	42,999,475	5,261	59,191,498	0	12,788		0	0	0
28.	Totals (Lines 20 to 27)	23,206,778,761	3,622,242,592	127,652,110	12,048,839,603	7,178,221,086	229,814,956		0	8,414	0
29.	Net gain from operations before dividends to policyholders, refunds to members and
	federal income taxes (Line 9 minus Line 28)	1,414,686,099	348,020,877	(22,464,508)	1,150,099,586	(27,156,207)	(34,434,503)	.................................	0	620,855	0
30.	Dividends to policyholders and refunds to members	0	0	0	0	0	0	XXX		0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and
	before federal income taxes (Line 29 minus Line 30)	1,414,686,099	348,020,877	(22,464,508)	1,150,099,586	(27,156,207)	(34,434,503)	.................................	0	620,855	0
32.	Federal income taxes incurred (excluding tax on capital gains)	690,380,231	422,455,876	(4,160,821)	289,886,959	(13,873,478)	(4,058,684)			130,379	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
	Line 32)	724,305,868	(74,434,999)	(18,303,687)	860,212,627	(13,282,729)	(30,375,819)		0	490,476	0
34.	Policies/certificates in force end of year	1,580,082	187,514	590,383	57,587	0	744,598	XXX		0	0
	DETAILS OF WRITE-INS
............................................................................08.301. Sundry receipts and adjustments	.................. 46,586,810	...................35,051,959	...................................	...................10,906,987	................................. 0	.........................(1,405)	...................................	....................... 629,269	...................................
...........................................08.302. Funds Withheld Assumed NII incl derivative activity	............... (262,564,031)	.................. 80,295,663	...................................	............... (508,064,648)	.................165,200,251	...........................4,703	...................................	...................................	...................................
..........................................................08.303. Seperate account MODCO reinsurance assumed	.................892,096,525	.................(27,287,382)	...................................	..............1,432,422,855	............... (513,038,948)	...................................	...................................	...................................	...................................
08.398. Summary of remaining write-ins for Line 8.3 from overflow page	.................350,683,128	(7,140,910)	0	151,709,080	206,114,958	0	.................................	0	0	0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	1,026,802,432	80,919,330	0	1,086,974,274	(141,723,739)	3,298		0	629,269	0
2701.	Sundry disbursements and adjustments	4,899,574	4,632,003	5,261	249,522	0	12,788	...................................	...................................	...................................
2702.	Seperate account MODCO reinsurance ceded	.................. 97,309,448	.................. 38,367,472	................................. 0	...................58,941,976	................................. 0	................................. 0	...................................	...................................	...................................
2703	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	102,209,022	42,999,475	5,261	59,191,498	0	12,788		0	0	0

6.1

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

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)	........ 3,758,182,281	..........................0	0	....................2,043	........... 532,460,920	..........................0	........ 2,646,897,143	0	410,886,849	..........................	0	........... 167,935,326	..........................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	.............89,632,878	...........................	..........................0	..........................0	.............79,684,684	..........................0	..............1,444,856	...........................	.............. 8,483,081	..........................	0	...................20,257	..........................0
4.	Amortization of Interest Maintenance Reserve (IMR)	............... (127,436)	...........................	..........................0	..........................0	............ (1,475,746)	..........................0	..............1,348,310	..........................0	..........................0	..........................	0	..........................0	..........................0

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

	losses	(95,136)	...........................	..........................0	0	0	0	0	0	(95,136)	0	0	0
6.	Commissions and expense allowances on reinsurance ceded	..............7,050,944	...........................	..........................0	.............. 8,550,807	.................(44,053)	..........................0	..........................0	..........................0	.............(1,154,202)	..........................0	................(301,608)	..........................0
7.	Reserve adjustments on reinsurance ceded	..........................0	...........................	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management,
	administration and contract guarantees from Separate Accounts	.............34,700,607	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	.............34,700,607	..........................0	..........................0	..........................0
	8.2 Charges and fees for deposit-type contracts	..........................0	...........................	..........................0	..........................0	..........................0	..........................0	..........................0	0	0	..........................0	..........................0	..........................0
	8.3 Aggregate write-ins for miscellaneous income	80,919,328	0	0	0	53,054,179	0	49,991,343	0	0	0	(22,126,194)	0
9.	Totals (Lines 1 to 8.3)	3,970,263,467	0	0	8,552,850	663,679,984	0	2,699,681,652	0	452,821,199	0	145,527,781	0
10.	Death benefits	........... 638,454,609	..........................0	0	..........................0	.............75,166,888	..........................0	........... 388,435,691	0	77,829,040	..........................0	.............97,022,990	..........................0
11.	Matured endowments (excluding guaranteed annual pure endowments)
..........................0	..........................0	0	..........................0	..........................0	..........................0	..........................0	0	0	..........................0	..........................0	..........................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	................. (12,052)	..........................0	..........................0	....................2,707	.................(46,021)	..........................0	..........................0	...........................	..........................0	..........................0	.................. 31,262	..........................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	........... 113,885,279	..........................0	0	....................8,125	............ 57,907,219	..........................0	.............11,905,598	0	44,064,337	..........................0	..........................0	..........................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	..............1,996,640	..........................0	0	........................ 16	................. 209,627	..........................0	..............1,168,233	0	599,860	..........................0	.................. 18,904	..........................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 ...	2,878,040,640	0	0	0	443,824,819	0	2,347,714,937	0	26,347,318	0	60,153,566	0
20.	Totals (Lines 10 to 19)	........ 3,632,365,116	..........................0	0	.................. 10,848	........... 577,062,532	..........................0	........ 2,749,224,459	0	148,840,555	..........................0	........... 157,226,722	..........................0

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

	contract funds (direct business only)	96,506,417	0	0	102,451	17,847,777		..........................	0	0	0	77,742,793	0		813,396			...........XXX
22.	Commissions and expense allowances on reinsurance assumed		0		0		0		(44,003,960)		..........................	0		(319,161,317)		0		0		0		3,754,785		0
(359,410,492)
23.	General insurance expenses		..........................0				..........................0					.............. 5,440,827		..................	42,901			.................311,046						.............58,819,278			..........................0		.................491,458			..........................0
.............65,105,510					...........................								...........................
24.	Insurance taxes, licenses and fees, excluding federal income taxes				0					....................	4,337						.............. 7,893,605
............ 18,398,710	..........................0			.................161,524		..............4,095,714				..............5,137,462		...........................				..........................0		.............. 1,106,068		..........................0
25.	Increase in loading on deferred and uncollected premiums	..........................0	..........................0		0		..........................0		..........................0		..........................	0		..........................0		0			0		..........................0		..........................0		..........................0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	........... 126,277,856	..........................0		0		..........................0		..........................0		..........................	0		..........................0		0			126,277,856		..........................0		..........................0		..........................0
27.	Aggregate write-insfor deductions	42,999,475	0			0		55,487			1,284,377			1,386			5,009,422		0			36,633,505			0		15,298			0
28.	Totals (Lines 20 to 27)	3,622,242,592	0			0		330,310			561,727,267			48,624			2,440,521,072		0			456,207,592			0		163,407,727			0
29.	Net gain from operations before dividends to policyholders, refunds to
	members and federal income taxes (Line 9 minus Line 28)	........... 348,020,875	..........................0			0		.............. 8,222,540			...........101,952,717		.................	(48,624)			........... 259,160,580		0			(3,386,393)			..........................0		...........(17,879,946)			..........................0
30.	Dividends to policyholders and refunds to members	0				0		0			0				0			0		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)	........... 348,020,875	..........................0			0		.............. 8,222,540			...........101,952,717		.................	(48,624)			........... 259,160,580		0			(3,386,393)			..........................0		...........(17,879,946)			..........................0
32.	Federal income taxes incurred (excluding tax on capital gains)	422,455,876				0		9,981,184			86,554,005				0			314,533,895		0			33,090,915			0		(21,704,123)			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 Line 32)	(74,435,001)	0			0		(1,758,644)			15,398,712			(48,624)			(55,373,315)		0			(36,477,308)			0		3,824,177			0
34.	Policies/certificates in force end of year	187,514							21,374			65,090												101,050
	DETAILS OF WRITE-INS
08.301.	Sundry receipts and adjustments	.............35,050,640	...........................		...........................	...........................		.............35,050,640		...........................			...........................		...........................			...........................		...........................	...........................		...........................
08.302.	Funds Withheld Assumed NII incl derivative activity	.............80,295,662	..........................0		0		..........................0		............ 18,011,337		..........................	0		............ 59,916,478		0				...........................		..........................0		..............2,367,847			...........................
08.303.	Seperate account MODCO reinsurance assumed	........... (27,287,382)	...........................		...........................	...........................		.................. (7,798)		...........................			.............(2,785,543)		...........................			...........................		...........................		...........(24,494,041)			...........................
08.398. Summary of remaining write-ins for Line 8.3 from overflow page	............ (7,139,592)	..........................0		0		..........................0		..........................0		..........................	0		............ (7,139,592)		0			0		..........................0		..........................0		..........................0

08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	80,919,328	0			0		0			53,054,179				0			49,991,343		0			0			0		(22,126,194)			0
2701.	Sundry disbursements and adjustments	.............. 4,632,003	...........................			...........................		.................. 55,487			..............1,284,377		....................	1,386			.............. 5,009,422		...........................			............ (1,733,967)			..........................0		.................. 15,298			...........................
2702.	Seperate account MODCO reinsurance ceded	............ 38,367,472	...........................		...........................	...........................		...........................	...........................		...........................		...........................			............ 38,367,472			...........................		...........................		...........................
2703.	.........................................................................................................	.............................	.............................			.............................	.............................			.............................	.............................			.............................		.............................			.............................			.............................	.............................			.............................
2798.	Summary of remaining write-ins for Line 27 from overflow page	...........................	...........................			...........................	...........................			...........................	...........................			...........................		...........................		...........................			...........................	...........................			...........................
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	42,999,475	0			0		55,487			1,284,377			1,386			5,009,422		0			36,633,505			0		15,298			0
(a) Include premium amounts for preneed plans included in Line 1
(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 OF AMERICA

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)	............... 103,541,287	.................................	............... 103,541,287	............................... 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	.................. 1,525,858	.................................	.................. 1,525,858	............................... 0	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0
4.	Amortization of Interest Maintenance Reserve (IMR)	............................... 0	.................................	............................... 0	0	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	............................... 0	.................................	............................... 0	0	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0
6.	Commissions and expense allowances on reinsurance ceded	......................120,457	.................................	............................... 0	......................120,457	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0
7.	Reserve adjustments on reinsurance ceded	0	.................................	............................... 0	0	...............................	0	...............................	0	...............................	0	...............................	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and contract
	guarantees from Separate Accounts	............................... 0	.................................	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0
	8.2 Charges and fees for deposit-type contracts	............................... 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)	105,187,602	0	105,067,145	120,457	0	0	0	0	0
10.	Death benefits	.................84,587,077	.................................	.................84,587,077	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
11.	Matured endowments (excluding guaranteed annual pure endowments)	............................... 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	......................587,166	.................................	......................587,166	0	............................... 0	............................... 0	0	............................... 0	............................... 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	............................... 0	.................................	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
15.	Surrender benefits and withdrawals for life contracts	............................... 0	.................................	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
16.	Group conversions	............................... 0	.................................	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0
17.	Interest and adjustments on contract or deposit-type contract funds	......................811,401	.................................	......................811,401	0	............................... 0	............................... 0	0	............................... 0	............................... 0
18.	Payments on supplementary contracts with life contingencies	............................... 0	.................................	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
19.	Increase in aggregate reserves for life and accident and health contracts	.................. 1,806,583	.................................	.................. 1,806,583	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
20.	Totals (Lines 10 to 19)	.................87,792,227	0	.................87,792,227	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0

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

	business only)	17,253,968	.................................	................. 17,133,511	120,457	0	0	0	0	...............XXX
22.	Commissions and expense allowances on reinsurance assumed	0	.................................	............................... 0	0	0	0	0	0	0
23.	General insurance expenses	.................22,543,873	.................................	.................22,543,873	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	....................... 56,781	.................................	....................... 56,781	0	............................... 0	............................... 0	0	............................... 0	............................... 0
25.	Increase in loading on deferred and uncollected premiums	............................... 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
27.	Aggregate write-ins for deductions	5,261	0	5,261	0	0	0	0	0	0
28.	Totals (Lines 20 to 27)	127,652,110	0	127,531,653	120,457	0	0	0	0	0
29.	Net gain from operations before dividends to policyholders, refunds to members and federal
	income taxes (Line 9 minus Line 28)	............... (22,464,508)	0	............... (22,464,508)	0	............................... 0	............................... 0	0	............................... 0	............................... 0
30.	Dividends to policyholders and refunds to members	0		0	0	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)	............... (22,464,508)	0	............... (22,464,508)	0	............................... 0	............................... 0	0	............................... 0	............................... 0
32.	Federal income taxes incurred (excluding tax on capital gains)	(4,160,821)		(4,160,821)	0	0	0	0	0	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 Line 32)	(18,303,687)	0	(18,303,687)	0	0	0	0	0	0
34.	Policies/certificates in force end of year	590,383		575,209	15,174
	DETAILS OF WRITE-INS
......................................................................................08.301. Sundry receipts and adjustments	............................... 0	.................................	.................................	.................................	.................................	.................................	.................................	.................................	.................................
.08.302	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.08.303	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.........................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	.................................	.................................	.................................	.................................	.................................	.................................	.................................	.................................	.................................
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	......................... 5,261	.................................	......................... 5,261	.................................	.................................	.................................	.................................	.................................	.................................
2702
...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2703	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	.................................	.................................	.................................	.................................	.................................	.................................	.................................	.................................	.................................
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	5,261	0	5,261	0	0	0	0	0	0

(a) Includes the following amounts for FEGLI/SGLI:	Line 1	, Line 10	, Line 16	, Line 23	, Line 24
(b) Include premium amounts for preneed plans included in Line 1
(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 OF AMERICA

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	12,453,396,772	24,950,448	0	11,985,621,923	442,824,401	0	0
2.	Considerations for supplementary contracts with life contingencies	.................. 28,580,325	...............XXX	...............XXX	...............XXX	...............XXX	.................. 28,580,325	...............XXX
3.	Net investment income	.................... 4,080,539	......................(211,734)	................................. 0	.................... 3,711,578	....................... 145,520	....................... 435,175	................................. 0
4.	Amortization of Interest Maintenance Reserve (IMR)	......................(271,032)	................................. 0	................................. 0	......................(271,032)	................................. 0	................................. 0	................................. 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	............... (403,014,752)	................................. 0	................................. 0	............... (357,125,533)	.................(45,889,219)	................................. 0	................................. 0
6.	Commissions and expense allowances on reinsurance ceded	....................3,000,086	....................... 247,558	................................. 0	................................. 0	....................2,752,528	................................. 0	................................. 0
7.	Reserve adjustments on reinsurance ceded	0	0	0	0	0	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts	...................26,192,977	................................. 0	................................. 0	...................19,306,249	....................6,886,728	................................. 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	1,086,974,272	(6,223,885)	0	1,077,651,282	15,404,476	142,399	0
9.	Totals (Lines 1 to 8.3)	13,198,939,187	18,762,387	0	12,728,894,467	422,124,434	29,157,899	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	.................118,609,601	......................(591,353)	................................. 0	.................117,663,686	....................... 802,759	....................... 734,509	................................. 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	417,249,731	0	0	408,822,980	8,426,751	0	0
16.	Group conversions	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
17.	Interest and adjustments on contract or deposit-type contract funds	....................... 693,296	............................... 86	................................. 0	....................... 278,416	...........................7,639	....................... 407,155	................................. 0
18.	Payments on supplementary contracts with life contingencies	....................2,044,382	................................. 0	................................. 0	................................. 0	................................. 0	....................2,044,382	................................. 0
19.	Increase in aggregate reserves for life and accident and health contracts	3,726,777,548	98,438,785	0	3,603,228,923		25,109,840	0
20.	Totals (Lines 10 to 19)	4,265,374,558	97,847,518	0	4,129,994,005	9,237,149	28,295,886	0
21.	Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)	.................453,817,659	....................... 247,558	................................. 0	................. 427,990,091	.................. 25,580,010	................................. 0	................................. 0
22.	Commissions and expense allowances on reinsurance assumed	.................707,852,478	....................... 483,584	................................. 0	.................645,084,577	.................. 62,032,758	....................... 251,559	................................. 0
23.	General insurance expenses	24,523,132	2,000,822	0	19,482,283	2,963,229	76,798	0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	.................... 1,104,784	....................... 233,071	................................. 0	....................... 829,576	.........................30,430	......................... 11,707	................................. 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	..............6,536,975,494	................................. 0	................................. 0	..............6,185,142,034	.................351,833,460	................................. 0	................................. 0
27.	Aggregate write-ins for deductions	59,191,497	72,460	0	167,065	58,950,063	1,909	0
28.	Totals (Lines 20 to 27)	12,048,839,602	100,885,013	0	11,408,689,631	510,627,099	28,637,859	0
29.	Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28)	1,150,099,585	(82,122,626)	0	1,320,204,836	(88,502,665)	520,040	0
30.	Dividends to policyholders and refunds to members	0	0	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) .	1,150,099,585	(82,122,626)	0	1,320,204,836	(88,502,665)	520,040	0
32.	Federal income taxes incurred (excluding tax on capital gains)	289,886,959	(20,469,641)	0	331,515,130	(21,288,154)	129,624	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 Line 32)	860,212,626	(61,652,985)	0	988,689,706	(67,214,511)	390,416	0
34.	Policies/certificates in force end of year	57,587			54,487	3,100
	DETAILS OF WRITE-INS
......................................................................................................................................................08.301. Sundry receipts and adjustments	...................10,906,987	...................................	...................................	...................10,906,987	...................................	...................................	...................................
......................................................................................................................08.302. Funds Withheld Assumed NII incl derivative activity	............... (508,064,649)	....................... 183,559	................................. 0	............... (552,551,000)	...................44,160,393	....................... 142,399	................................. 0
....................................................................................................................................08.303. Seperate account MODCO reinsurance assumed	..............1,432,422,854	.................. (6,413,783)	................................. 0	..............1,478,596,471	.................(39,759,834)	................................. 0	................................. 0
..........................................................................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	.................151,709,080	...........................6,339	................................. 0	.................140,698,824	...................11,003,917	................................. 0	................................. 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	1,086,974,272	(6,223,885)	0	1,077,651,282	15,404,476	142,399	0
2701.	Sundry disbursements and adjustments	249,521	72,460	0	167,065	8,087	1,909	...................................
2702.	Seperate account MODCO reinsurance ceded	...................58,941,976	................................. 0	................................. 0	................................. 0	...................58,941,976	................................. 0	...................................
2703	....................................	....................................	....................................	....................................	....................................	....................................	....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	59,191,497	72,460	0	167,065	58,950,063	1,909	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 OF AMERICA

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	7,287,341,563	58,525,588	0	7,228,815,975	0	0	0
2.	Considerations for supplementary contracts with life contingencies	................................. 0	...............XXX	...............XXX	...............XXX	...............XXX	................................. 0	...............XXX
3.	Net investment income	.................... 3,867,591	................................. 0	................................. 0	.................... 3,867,591	................................. 0	................................. 0	................................. 0
4.	Amortization of Interest Maintenance Reserve (IMR)	.................... 1,579,464	................................. 0	................................. 0	.................... 1,579,464	................................. 0	................................. 0	................................. 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	0	0	0	0	0	................................. 0	0
6.	Commissions and expense allowances on reinsurance ceded	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
7.	Reserve adjustments on reinsurance ceded	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 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	(141,723,739)	(35,050,297)	0	(106,673,442)	0	0	0
9.	Totals (Lines 1 to 8.3)	7,151,064,879	23,475,291	0	7,127,589,588	0	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	.................196,908,401	....................... 773,471	................................. 0	................. 196,134,930	................................. 0	................................. 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	.................635,776,515	................................. 0	................................. 0	.................635,776,515	................................. 0	................................. 0	................................. 0
16.	Group conversions	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
17.	Interest and adjustments on contract or deposit-type contract funds	....................... 405,852	.........................33,679	................................. 0	....................... 372,173	................................. 0	................................. 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	5,318,309,927	275,828,806	0	5,042,481,121	0	0	0
20.	Totals (Lines 10 to 19)	6,151,400,695	276,635,956	0	5,874,764,739	0	0	0
21.	Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)	0	0	0	0	0	................................. 0	0
22.	Commissions and expense allowances on reinsurance assumed	..............1,026,699,564	.................... 1,802,631	................................. 0	..............1,024,896,933	................................. 0	................................. 0	................................. 0
23.	General insurance expenses	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	....................... 120,827	...........................8,910	................................. 0	........................111,917	................................. 0	................................. 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	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
27.	Aggregate write-ins for deductions	0	0	0	0	0	0	0
28.	Totals (Lines 20 to 27)	7,178,221,086	278,447,497	0	6,899,773,589	0	0	0
29.	Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28)	(27,156,207)	(254,972,206)	0	227,815,999	0	0	0
30.	Dividends to policyholders and refunds to members	0	0	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) .	(27,156,207)	(254,972,206)	0	227,815,999	0	0	0
32.	Federal income taxes incurred (excluding tax on capital gains)	(13,873,478)	(54,294,068)	0	40,420,590	0	0	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 Line 32)	(13,282,729)	(200,678,138)	0	187,395,409	0	0	0
34.	Policies/certificates in force end of year	0	0		0
	DETAILS OF WRITE-INS
......................................................................................................................................................08.301. Sundry receipts and adjustments	................................. 0	...................................	...................................	...................................	...................................	...................................	...................................
08.302. Funds Withheld Assumed NII incl derivative activity	165,200,251	365,405	0	164,834,846	...................................	...................................	...................................
....................................................................................................................................08.303. Seperate account MODCO reinsurance assumed	............... (513,038,948)	.................(35,438,483)	...................................	............... (477,600,465)	...................................	...................................	...................................
..........................................................................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	.................206,114,958	.........................22,781	................................. 0	.................206,092,177	................................. 0	................................. 0	................................. 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	(141,723,739)	(35,050,297)	0	(106,673,442)	0	0	0
2701	....................................	....................................	....................................	....................................	....................................	....................................	....................................

2702.	........................................................................................................................................................................................................... .................................... .................................... .................................... .................................... .................................... .................................... ....................................
2703.	...........................................................................................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	0	0	0	0	0	0	0

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

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Equitable Holdings Inc. published this content on 02 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2024 14:02:07 UTC.

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Morgan Stanley Adjusts Equitable Holdings' Price Target to $41 From $39, Keeps Overweight Rating	Apr. 15	MT
Wells Fargo Raises Price Target on Equitable to $46 From $43, Keeps Overweight Rating	Apr. 11	MT
Evercore ISI Adjusts Price Target on Equitable Holdings to $46 From $42, Maintains Outperform Rating	Apr. 11	MT
Equitable Holdings Insider Sold Shares Worth $1,129,903, According to a Recent SEC Filing	Apr. 02	MT
Equitable Holdings, Inc. Announces Executive Appointments	Mar. 27	CI
Equitable Holdings Insider Sold Shares Worth $352,093, According to a Recent SEC Filing	Mar. 19	MT
Equitable Holdings Names Julia Zhang as New Chief Risk Officer	Mar. 05	MT
Equitable Holdings, Inc. Announces Executive Changes	Mar. 05	CI
Equitable Holdings Insider Sold Shares Worth $2,026,168, According to a Recent SEC Filing	Mar. 04	MT
Equitable Holdings Insider Sold Shares Worth $685,454, According to a Recent SEC Filing	Feb. 16	MT
Equitable Holdings Keeps Quarterly Dividend at $0.22 a Share, Payable March 4 to Shareholders of Record Feb. 26	Feb. 14	MT
Equitable Holdings, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on March 4, 2024	Feb. 14	CI
Transcript : Equitable Holdings, Inc., Q4 2023 Earnings Call, Feb 07, 2024	Feb. 07
Equitable Holdings' Q4 Non-GAAP Operating Earnings, Revenue Rise	Feb. 06	MT
Earnings Flash (EQH) EQH INVESTOR RELATIONS Reports Q4 Revenue $2.17B, vs. Street Est of $3.50B	Feb. 06	MT
Earnings Flash (EQH) EQH INVESTOR RELATIONS Posts Q4 EPS $1.33, vs. Street Est of $1.16	Feb. 06	MT
Equitable Holdings, Inc. announces an Equity Buyback for $1,300 million worth of its shares.	Feb. 06	CI
Tranche Update on Equitable Holdings, Inc.'s Equity Buyback Plan announced on February 8, 2023.	Feb. 06	CI
Equitable Holdings, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 06	CI
Equitable Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 06	CI
Equitable Holdings, Inc. authorizes a Buyback Plan.	Feb. 05	CI
Equitable Holdings Insider Sold Shares Worth $322,880, According to a Recent SEC Filing	Jan. 17	MT
UBS Raises Price Target on Equitable Holdings to $40 From $34, Keeps Buy Rating	Jan. 10	MT
JPMorgan Downgrades Equitable Holdings to Neutral From Overweight, Adjusts Price Target to $36 From $35	Jan. 03	MT
Equitable Holdings Insider Sold Shares Worth $333,025, According to a Recent SEC Filing	Dec. 26	MT

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Company Profile

Equitable Holdings, Inc. is the holding company for a diversified financial services organization. The Companyâs segments include Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management and Legacy. The Individual Retirement segment offers a diverse suite of variable annuity products which are primarily sold to affluent and high-net-worth individuals. The Group Retirement segment offers tax-deferred investment and retirement services or products. The Investment Management & Research segment provides diversified investment management, research, and related solutions globally. The Protection Solutions segment includes its life insurance and group employee benefits businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. Legacy segment primarily consists of its capital-intensive fixed-rate GMxB business.

Sector

Diversified Investment Services

Calendar

2024-04-29 - Q1 2024 Earnings Release

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Ratings for Equitable Holdings, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

36.89 USD

Average target price

40.8 USD

Spread / Average Target

+10.60%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Diversified Investment Services