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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $66,496 and $64,079, respectively; allowance for credit losses of $5 and $0, respectively) $ 76,796 $ 71,036
Equity securities, at estimated fair value 129 147
Mortgage loans (net of allowance for credit losses of $92 and $64, respectively) 15,791 15,753
Policy loans 1,201 1,292
Limited partnerships and limited liability companies 2,354 2,380
Short-term investments, principally at estimated fair value 4,537 1,958
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $0, respectively) 6,364 3,216
Total investments 107,172 95,782
Cash and cash equivalents 7,325 2,877
Accrued investment income 664 684
Premiums, reinsurance and other receivables 15,218 14,760
Deferred policy acquisition costs and value of business acquired 4,856 5,448
Current income tax recoverable 1 17
Other assets 532 584
Separate account assets 99,599 107,107
Total assets 235,367 227,259
Liabilities    
Future policy benefits 41,841 39,686
Policyholder account balances 50,338 45,771
Other policy-related balances 3,152 3,111
Payables for collateral under securities loaned and other transactions 7,876 4,391
Long-term debt 3,979 4,365
Deferred income tax liability 2,567 1,355
Other liabilities 5,041 5,236
Separate account liabilities 99,599 107,107
Total liabilities 214,393 211,022
Contingencies, Commitments and Guarantees (Note 11)
Brighthouse Financial, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $828 and $425, respectively, aggregate liquidation preference 0 0
Common stock, par value $0.01 per share; 1,000,000,000 shares authorized; 120,921,446 and 120,647,871 shares issued, respectively; 92,979,854 and 106,027,301 shares outstanding, respectively 1 1
Additional paid-in capital 13,307 12,908
Retained earnings (deficit) 3,523 585
Treasury stock, at cost; 27,941,592 and 14,620,570 shares, respectively (887) (562)
Accumulated other comprehensive income (loss) 4,965 3,240
Total Brighthouse Financial, Inc.’s stockholders’ equity 20,909 16,172
Noncontrolling interests 65 65
Total equity 20,974 16,237
Total liabilities and equity $ 235,367 $ 227,259