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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Premiums $ 193 $ 232 $ 391 $ 459
Universal life and investment-type product policy fees 827 888 1,713 1,763
Net investment income 652 942 1,568 1,753
Other revenues 93 96 195 188
Net investment gains (losses) (34) 63 (53) 52
Net derivative gains (losses) (2,653) 149 4,249 (1,154)
Total revenues (922) 2,370 8,063 3,061
Expenses        
Policyholder benefits and claims 839 845 2,026 1,617
Interest credited to policyholder account balances 276 265 535 523
Amortization of deferred policy acquisition costs and value of business acquired (92) 170 678 192
Other expenses 577 621 1,094 1,213
Total expenses 1,600 1,901 4,333 3,545
Income (loss) before provision for income tax (2,522) 469 3,730 (484)
Provision for income tax expense (benefit) (531) 85 762 (133)
Net income (loss) (1,991) 384 2,968 (351)
Less: Net income (loss) attributable to noncontrolling interests 0 0 2 2
Net income (loss) attributable to Brighthouse Financial, Inc. (1,991) 384 2,966 (353)
Less: Preferred stock dividends 7 7 14 7
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders (1,998) 377 2,952 (360)
Comprehensive income (loss) 327 1,416 4,693 1,635
Less: Comprehensive income (loss) attributable to noncontrolling interests 0 0 2 2
Comprehensive income (loss) attributable to Brighthouse Financial, Inc. $ 327 $ 1,416 $ 4,691 $ 1,633
Basic $ (21.10) $ 3.28 $ 29.60 $ (3.10)
Diluted $ (21.10) $ 3.27 $ 29.56 $ (3.10)