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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $58,599 and $57,289, respectively,) $ 63,333 $ 59,899
Equity securities available-for-sale, at estimated fair value (cost: $212 and $280, respectively) 232 300
Mortgage loans (net of valuation allowances of $46 and $40, respectively; includes $115 and $136, respectively, at estimated fair value, relating to variable interest entities) 10,640 9,290
Policy loans 1,106 1,093
Real estate joint ventures 433 215
Other limited partnership interests 1,667 1,639
Short-term investments, principally at estimated fair value (includes $0 and $344, respectively, relating to variable interest entities) 269 1,272
Other invested assets, principally at estimated fair value 2,448 5,029
Total investments 80,128 78,737
Cash and cash equivalents, principally at estimated fair value(includes $0 and $3,078, respectively, relating to variable interest entities) 1,363 5,057
Accrued investment income (includes $1 and $1, respectively, relating to variable interest entities) 575 668
Premiums, reinsurance and other receivables 12,918 13,853
Deferred policy acquisition costs and value of business acquired 5,623 6,339
Current income tax recoverable 735 736
Other assets 547 689
Separate account assets 110,156 105,346
Total assets 212,045 211,425
Liabilities    
Future policy benefits 35,715 32,752
Policyholder account balances 37,069 36,579
Other policy-related balances 2,720 2,712
Payables for collateral under securities loaned and other transactions 4,158 7,371
Long-term debt (includes $11 and $23, respectively, at estimated fair value, relating to variable interest entities) 46 1,904
Deferred income tax liability 894 2,451
Other liabilities (includes $0 and $1, respectively, relating to variable interest entities) 4,419 5,445
Separate account liabilities 110,156 105,346
Total liabilities 195,177 194,560
Contingencies, Commitments and Guarantees (Note 14)
Equity    
Common stock, par value $25,000 per share; 4,000 shares authorized; 3,000 shares issued and outstanding 75 75
Additional paid-in capital 19,073 18,461
Retained earnings (deficit) (4,132) (2,919)
Accumulated other comprehensive income (loss) 1,837 1,248
Total Brighthouse Life Insurance Company's stockholder's equity 16,853 16,865
Noncontrolling interests 15 0
Total equity 16,868 16,865
Total liabilities and equity $ 212,045 $ 211,425