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Consolidated Reinsurance
12 Months Ended
Dec. 31, 2019
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]  
Consolidated Reinsurance
Brighthouse Financial, Inc.
Schedule IV
Consolidated Reinsurance
December 31, 2019, 2018 and 2017
(Dollars in millions)
 
 
Gross Amount
 
Ceded
 
Assumed
 
Net Amount
 
% Amount Assumed to Net
2019
 
 
 
 
 
 
 
 
 
 
Life insurance in-force
 
$
568,120

 
$
175,728

 
$
7,153

 
$
399,545

 
1.8%
Insurance premium
 
 
 
 
 
 
 

 
 
Life insurance (1)
 
$
1,424

 
$
556

 
$
10

 
$
878

 
1.1%
Accident & health insurance
 
227

 
223

 

 
4

 
—%
Total insurance premium
 
$
1,651

 
$
779

 
$
10

 
$
882

 
1.1%
2018
 
 
 
 
 
 
 

 
 
Life insurance in-force
 
$
597,694

 
$
191,083

 
$
7,458

 
$
414,069

 
1.8%
Insurance premium
 
 
 
 
 
 
 

 
 
Life insurance (1)
 
$
1,468

 
$
580

 
$
11

 
$
899

 
1.2%
Accident & health insurance
 
231

 
230

 

 
1

 
—%
Total insurance premium
 
$
1,699

 
$
810

 
$
11

 
$
900

 
1.2%
2017
 
 
 
 
 
 
 

 
 
Life insurance in-force
 
$
629,367

 
$
206,304

 
$
6,879

 
$
429,942

 
1.6%
Insurance premium
 
 
 
 
 
 
 

 
 
Life insurance (1)
 
$
1,557

 
$
711

 
$
11

 
$
857

 
1.3%
Accident & health insurance
 
238

 
232

 

 
6

 
—%
Total insurance premium
 
$
1,795

 
$
943

 
$
11

 
$
863

 
1.3%
_______________
(1)
Includes annuities with life contingencies.
All of the transactions reported as related party activity occurred prior to the MetLife Divestiture. See Note 1 regarding the MetLife Divestiture. For the year ended December 31, 2018, reinsurance ceded and assumed included related party transactions for life insurance premiums of $201 million and $6 million, respectively. For the year ended December 31, 2017, reinsurance ceded and assumed included related party transactions for life insurance in-force of $17.1 billion and $6.9 billion, respectively, and life insurance premiums of $537 million and $11 million, respectively.