Contribution Transaction (Notes)

3 Months Ended

Mar. 31, 2018

Accounting Changes and Error Corrections [Abstract]

Accounting Changes [Text Block]

3. Contribution Transactions

In April 2017, in connection with the Separation, MetLife, Inc. contributed MetLife Reinsurance Company of Delaware, MetLife Reinsurance Company of South Carolina, MetLife Reinsurance Company of Vermont II, all affiliated reinsurance companies, and BHNY to BLIC. The affiliated reinsurance companies were then merged into BRCD.

The Contribution Transactions were between entities under common control and has been accounted for in a manner similar to the pooling-of-interests method, which requires that the acquired entities be combined at their historical cost. The Company’s consolidated financial statements and related footnotes are presented as if the transaction occurred at the beginning of the earliest date presented and the prior periods have been retrospectively adjusted.

The effect of the Contribution Transactions on net income (loss) was a decrease of ($129) million for the three months ended March 31, 2017.

The effect of the Contribution Transactions on other comprehensive income (loss) (“OCI”) was a decrease of ($143) million for the three months ended March 31, 2017.