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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $68,061 and $64,079, respectively; allowance for credit losses of $4 and $0, respectively) $ 79,338 $ 71,036
Equity securities, at estimated fair value 117 147
Mortgage loans (net of allowance for credit losses of $90 and $64, respectively) 15,746 15,753
Policy loans 1,289 1,292
Limited partnerships and limited liability companies 2,562 2,380
Short-term investments, principally at estimated fair value 4,239 1,958
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $0, respectively) 5,038 3,216
Total investments 108,329 95,782
Cash and cash equivalents 6,189 2,877
Accrued investment income 781 684
Premiums, reinsurance and other receivables 16,087 14,760
Deferred policy acquisition costs and value of business acquired 4,664 5,448
Current income tax recoverable 0 17
Other assets 447 584
Separate account assets 103,184 107,107
Total assets 239,681 227,259
Liabilities    
Future policy benefits 44,537 39,686
Policyholder account balances 52,798 45,771
Other policy-related balances 3,088 3,111
Payables for collateral under securities loaned and other transactions 6,989 4,391
Long-term debt 3,979 4,365
Accrued Income Taxes 72 0
Deferred income tax liability 1,816 1,355
Other liabilities 4,887 5,236
Separate account liabilities 103,184 107,107
Total liabilities 221,350 211,022
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; 120,970,368 and 120,647,871 shares issued, respectively; 91,158,927 and 106,027,301 shares outstanding, respectively 1 1
Additional paid-in capital 13,314 12,908
Retained earnings (deficit) 511 585
Treasury stock, at cost; 29,811,441 and 14,620,570 shares, respectively (941) (562)
Accumulated other comprehensive income (loss) 5,381 3,240
Total Brighthouse Financial, Inc.’s stockholders’ equity 18,266 16,172
Noncontrolling interests 65 65
Total equity 18,331 16,237
Total liabilities and equity $ 239,681 $ 227,259