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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues                      
Premiums                 $ 882 $ 900 $ 863
Universal life and investment-type product policy fees                 3,580 3,835 3,898
Net investment income                 3,579 3,338 3,078
Other revenues                 389 397 651
Net investment gains (losses)                 112 (207) (28)
Net derivative gains (losses)                 (1,988) 702 (1,620)
Total revenues $ 306 $ 3,187 $ 2,370 $ 691 $ 4,026 $ 1,422 $ 1,702 $ 1,815 6,554 8,965 6,842
Expenses                      
Policyholder benefits and claims                 3,670 3,272 3,636
Interest credited to policyholder account balances                 1,063 1,079 1,111
Amortization of DAC and VOBA                 382 1,050 227
Other expenses                 2,491 2,575 2,483
Total expenses 1,678 2,383 1,901 1,644 2,239 1,790 2,019 1,928 7,606 7,976 7,457
Income (loss) before provision for income tax                 (1,052) 989 (615)
Provision for income tax expense (benefit)                 (317) 119 (237)
Net income (loss) (1,069) 685 384 (735) 1,442 (269) (238) (65) (735) 870 (378)
Less: Net income (loss) attributable to noncontrolling interests 1 2 0 2 0 2 1 2 5 5 0
Net income (loss) attributable to Brighthouse Financial, Inc. (1,070) 683 384 (737) 1,442 (271) (239) (67) (740) 865 (378)
Less: Preferred stock dividends 7 7 7 0 0 0 0 0 21 0 0
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders $ (1,077) $ 676 $ 377 $ (737) $ 1,442 $ (271) $ (239) $ (67) $ (761) $ 865 $ (378)
Earnings per common share                      
Basic $ (10.02) $ 6.09 $ 3.28 $ (6.31) $ 12.18 $ (2.26) $ (2.01) $ (0.56) $ (6.76) $ 7.24 $ (3.16)
Diluted $ (10.02) $ 6.06 $ 3.27 $ (6.31) $ 12.14 $ (2.26) $ (2.01) $ (0.56) $ (6.76) $ 7.21 $ (3.16)