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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $64,079 and $60,920, respectively) $ 71,036 $ 62,608
Equity securities, at estimated fair value 147 140
Mortgage loans (net of valuation allowances of $64 and $57, respectively) 15,753 13,694
Policy loans 1,292 1,421
Limited partnerships and limited liability companies 2,380 2,291
Short-term investments, principally at estimated fair value 1,958 0
Other invested assets, principally at estimated fair value 3,216 3,027
Total investments 95,782 83,181
Cash and cash equivalents 2,877 4,145
Accrued investment income 684 724
Premiums, reinsurance and other receivables 14,760 13,697
Deferred policy acquisition costs and value of business acquired 5,448 5,717
Current income tax recoverable 17 1
Other assets 584 573
Separate account assets 107,107 98,256
Total assets 227,259 206,294
Liabilities    
Liability for Future Policy Benefit, after Reinsurance 39,686 36,209
Policyholder account balances 45,771 40,054
Other policy-related balances 3,111 3,000
Payables for collateral under securities loaned and other transactions 4,391 5,057
Long-term debt 4,365 3,963
Current income tax payable 0 15
Deferred income tax liability 1,355 972
Other liabilities 5,236 4,285
Separate account liabilities 107,107 98,256
Total liabilities 211,022 191,811
Contingencies, Commitments and Guarantees (Note 15)
Preferred Stock, Value, Issued 0 0
Brighthouse Financial, Inc.’s stockholders’ equity:    
Common stock, par value $0.01 per share; 1,000,000,000 shares authorized; 120,647,871 and 120,448,018 shares issued, respectively; 106,027,301 and 117,532,336 shares outstanding, respectively 1 1
Additional paid-in capital 12,908 12,473
Retained earnings (deficit) 585 1,346
Treasury stock, at cost; 14,620,570 and 2,915,682 shares, respectively (562) (118)
Accumulated other comprehensive income (loss) 3,240 716
Total Brighthouse Financial, Inc.’s stockholders’ equity 16,172 14,418
Noncontrolling interests 65 65
Total equity 16,237 14,483
Total liabilities and equity $ 227,259 $ 206,294