Equitable Financial Life Insurance Co Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020
Net income (loss)
Cash flows from operating activities:
Net income (loss)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Interest credited to policyholders’ account balances
Policy charges and fee income
Net derivative (gains) losses
Credit and intent to sell losses on available for sale debt securities and loans
Investment (gains) losses, net
Realized and unrealized (gains) losses on trading securities
Non-cash long-term incentive compensation expense
Amortization of deferred cost of reinsurance asset
Amortization and depreciation
Cash received on the recapture of captive reinsurance
Equity (income) loss from limited partnerships
Remeasurement of liability for future policy benefits
Change in market risk benefits
Changes in:
Net broker-dealer and customer related receivables/payables
Reinsurance recoverable
Segregated cash and securities, net
Capitalization of deferred policy acquisition costs
Funds withheld payable
Future policy benefits
Current and deferred income taxes
Other, net

Net cash provided by (used in) operating activities
Cash flows from investing activities:
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale
Mortgage loans on real estate
Trading account securities
Real estate joint ventures
Short-term investments
Other
Payment for the purchase/origination of:
Fixed maturities, available-for-sale
Mortgage loans on real estate
Trading account securities
Short-term investments
Other
Cash settlements related to derivative instruments, net
Issuance of loans to affiliates
Repayments of loans to affiliates
Cash disposed due to distribution of disposed subsidiary
Investment in capitalized software, leasehold improvements and EDP equipment
Other, net
Net cash provided by (used in) investing activities

Cash flows from financing activities:
Policyholders’ account balances:
Deposits
Withdrawals
Change in short-term financings
Transfers (to) from Separate Accounts

Payments of market risk benefits
Changes in securities lending payable
Change in collateralized pledged assets
Change in collateralized pledged liabilities
(Decrease) increase in overdrafts payable
Capital contribution from parent company
Proceeds from loan from affiliates
Shareholder dividend paid
Repurchase of AB Holding Units
Purchase (redemption) of noncontrolling interests of consolidated company-sponsored investment funds
Distribution to noncontrolling interest of consolidated subsidiaries
Proceeds from loans from affiliates
Repayment of loans from affiliates
Increase (decrease) in securities sold under agreement to repurchase
Other, net
Net cash provided by (used in) financing activities

Effect of exchange rate changes on cash and cash equivalents
Change in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Beginning of year
End of year
Supplemental cash flow information:
Interest paid
Income taxes (refunded) paid

Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Non-cash transactions from investing and financing activities:
(Settlement) issuance of long-term debt
Repayments of loans from affiliates
Securities exchanged for other equity investment
Dividend to Parent
Transfer of assets to reinsurer

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