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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Parties are considered to be related if one party has the ability to control or exercise significant influence over the other party in making financial or operating decisions.
Investment Management and Related Services Provided by AB to Related Mutual Funds
AB provides investment management and related services to mutual funds sponsored by AB. Revenues earned by AB from providing these services were as follows:
Year Ended December 31,
202320222021
(in millions)
Investment management and services fees$1,378 $1,453 $1,645 
Distribution revenues576 591 637 
Other revenues - shareholder servicing fees76 79 86 
Other revenues - other9 8 8 
Total$2,039 $2,131 $2,376 
Investment Management and Administrative Services Provided by EIM and EIMG to Related Trusts
EIMG and EIM provide investment management and administrative services to EQAT, 1290 Funds and the Other AXA Trusts, all of which are considered related parties. Investment management and service fees earned are calculated as a percentage of assets under management and are recorded as revenue as the related services are performed.
The table below summarizes the expenses reimbursed to/from the Company and the fees received/paid by the Company in connection with certain services described above:
Year Ended December 31,
202320222021
(in millions)
Revenue received or accrued for:
Investment management and administrative services provided to EQAT and 1290 Funds (1)
$692 $708 $840 
Total$692 $708 $840 
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(1)For year ended 2021, amount included fees received from Other AXA Trusts of $4 million.