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Segment Information (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment
 
 
Operating Results
Year Ended December 31, 2018
 
Annuities
 
Life
 
Run-off
 
Corporate
& Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
1,179

 
$
211

 
$
(58
)
 
$
(229
)
 
$
1,103

Provision for income tax expense (benefit)
 
201

 
43

 
(14
)
 
(73
)
 
157

Post-tax adjusted earnings
 
978

 
168

 
(44
)
 
(156
)
 
946

Less: Net income (loss) attributable to noncontrolling interests
 

 

 

 
1

 
1

Adjusted earnings
 
$
978

 
$
168

 
$
(44
)
 
$
(157
)
 
945

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(204
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
745

Other adjustments to net income
 
 
 
 
 
 
 
 
 
(523
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
4

Net income (loss) attributable to Brighthouse Life Insurance Company
 
 
 
 
 
 
 
 
 
$
967

 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
1,523

 
$
373

 
$
1,309

 
$
44

 
 
Interest expense
 
$

 
$

 
$

 
$
6

 
 
Balance at December 31, 2018

Annuities

Life

Run-off
 
Corporate & Other

Total


(In millions)
Total assets

$
137,079

 
$
14,928

 
$
32,390

 
$
11,433


$
195,830

Separate account assets

$
88,138

 
$
1,732

 
$
1,641

 
$


$
91,511

Separate account liabilities

$
88,138

 
$
1,732

 
$
1,641

 
$


$
91,511

 
 
Operating Results
Year Ended December 31, 2017
 
Annuities
 
Life
 
Run-off
 
Corporate
& Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
1,230

 
$
(68
)
 
$
(466
)
 
$
(114
)
 
$
582

Provision for income tax expense (benefit)
 
323

 
(30
)
 
(172
)
 
338

 
459

Post-tax adjusted earnings
 
907

 
(38
)
 
(294
)
 
(452
)
 
123

Less: Net income (loss) attributable to noncontrolling interests
 

 

 

 

 

Adjusted earnings
 
$
907

 
$
(38
)
 
$
(294
)
 
$
(452
)
 
123

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(27
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(1,468
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
(708
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
1,197

Net income (loss) attributable to Brighthouse Life Insurance Company
 
 
 
 
 
 
 
 
 
$
(883
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
1,263

 
$
300

 
$
1,399

 
$
142

 
 
Interest expense
 
$

 
$
(4
)
 
$
23

 
$
39

 
 
Balance at December 31, 2017

Annuities

Life

Run-off
 
Corporate & Other

Total
 
 
(In millions)
Total assets
 
$
149,920

 
$
13,044

 
$
36,719

 
$
12,362

 
$
212,045

Separate account assets
 
$
105,140

 
$
1,915

 
$
3,101

 
$

 
$
110,156

Separate account liabilities
 
$
105,140

 
$
1,915

 
$
3,101

 
$

 
$
110,156

 
 
Operating Results
Year Ended December 31, 2016
 
Annuities
 
Life
 
Run-off
 
Corporate
& Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
1,494

 
$
6

 
$
(249
)
 
$
23

 
$
1,274

Provision for income tax expense (benefit)
 
441

 

 
(90
)
 
(10
)
 
341

Post-tax adjusted earnings
 
1,053

 
6

 
(159
)
 
33

 
933

Less: Net income (loss) attributable to noncontrolling interests
 

 

 

 

 

Adjusted earnings
 
$
1,053

 
$
6

 
$
(159
)
 
$
33

 
933

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(67
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(5,770
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
98

Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
2,031

Net income (loss) attributable to Brighthouse Life Insurance Company
 
 
 
 
 
 
 
 
 
$
(2,775
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
1,446

 
$
351

 
$
1,411

 
$
197

 
 
Interest expense
 
$

 
$

 
$
60

 
$
67

 
 
Reconciliation of Revenue from Segments to Consolidated
The following table presents total revenues with respect to the Company’s segments, as well as Corporate & Other:
 
 
Years Ended December 31,
 
 
2018
 
2017
 
2016
 
 
(In millions)
Annuities
 
$
3,921

 
$
3,721

 
$
4,423

Life
 
1,160

 
1,036

 
1,036

Run-off
 
2,112

 
2,148

 
2,313

Corporate & Other
 
147

 
250

 
338

Adjustments
 
782

 
(1,357
)
 
(5,850
)
Total
 
$
8,122

 
$
5,798

 
$
2,260

Premiums, Universal Life and Investment-Type Product Policy Fees and Other Revenues by Product Groups
The following table presents total premiums, universal life and investment-type product policy fees and other revenues by major product groups of the Company’s segments, as well as Corporate & Other:
 
Years Ended December 31,
 
2018
 
2017
 
2016
 
(In millions)
Annuity products
$
2,662

 
$
2,729

 
$
3,411

Life insurance products
1,677

 
1,587

 
1,552

Other products
7

 
4

 
23

Total
$
4,346

 
$
4,320

 
$
4,986