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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Premiums $ 184 $ 214 $ 575 $ 673
Universal life and investment-type product policy fees 882 867 2,595 2,630
Net investment income 996 928 2,564 2,681
Other revenues 99 94 294 282
Net investment gains (losses) 5 27 (48) 79
Net derivative gains (losses) (1,857) 1,057 2,392 (97)
Total revenues 309 3,187 8,372 6,248
Expenses        
Policyholder benefits and claims 3,047 1,319 5,073 2,936
Interest credited to policyholder account balances 281 272 816 795
Amortization of deferred policy acquisition costs and value of business acquired 244 181 922 373
Other expenses 580 611 1,674 1,824
Total expenses 4,152 2,383 8,485 5,928
Income (loss) before provision for income tax (3,843) 804 (113) 320
Provision for income tax expense (benefit) (850) 119 (88) (14)
Net income (loss) (2,993) 685 (25) 334
Less: Net income (loss) attributable to noncontrolling interests 2 2 4 4
Net income (loss) attributable to Brighthouse Financial, Inc. (2,995) 683 (29) 330
Less: Preferred stock dividends 17 7 31 14
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders (3,012) 676 (60) 316
Comprehensive income (loss) (2,577) 1,550 2,116 3,185
Less: Comprehensive income (loss) attributable to noncontrolling interests 2 2 4 4
Comprehensive income (loss) attributable to Brighthouse Financial, Inc. $ (2,579) $ 1,548 $ 2,112 $ 3,181
Basic $ (32.49) $ 6.09 $ (0.61) $ 2.77
Diluted $ (32.49) $ 6.06 $ (0.61) $ 2.75