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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Premiums $ 166 $ 181 $ 352 $ 383
Universal life and investment-type product policy fees 553 580 1,096 1,016
Net Investment Income 1,285 1,307 2,582 2,561
Other revenues 143 141 279 286
Net investment gains (losses) (39) (120) (122) (162)
Net derivative gains (losses) (1,237) (662) (926) (2,583)
Total revenues 871 1,427 3,261 1,501
Expenses        
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0, $0, $0, and $0, respectively) 711 642 1,360 1,610
Interest credited to policyholder account balances 537 509 1,098 1,011
Amortization of deferred policy acquisition costs and value of business acquired 149 150 297 301
Change in market risk benefits (1,101) (356) (208) (1,796)
Other expenses 482 468 975 975
Total expenses 778 1,413 3,522 2,101
Income (loss) before provision for income tax 93 14 (261) (600)
Provision for income tax expense (benefit) 8 (20) (80) (143)
Net income (loss) 85 34 (181) (457)
Net income (loss) attributable to noncontrolling interests 0 0 2 2
Net income (loss) attributable to Brighthouse Financial, Inc. 85 34 (183) (459)
Preferred stock dividends 25 25 51 51
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders 60 9 (234) (510)
Comprehensive income (loss) 498 28 840 (630)
Less: Comprehensive income (loss) attributable to noncontrolling interests 0 0 2 2
Comprehensive income (loss) attributable to Brighthouse Financial, Inc. $ 498 $ 28 $ 838 $ (632)
Earnings per common share        
Basic $ 1.03 $ 0.12 $ (4.06) $ (8.17)
Diluted $ 1.02 $ 0.12 $ (4.06) $ (8.17)