Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

	Operating Results
Three Months Ended June 30, 2019	Annuities		Life		Run-off		Corporate & Other			Total
	(In millions)
Pre-tax adjusted earnings	$	321	$	72	$	2	$	(74	)	$	321
Provision for income tax expense (benefit)	59		15		—		(22		)	52
Post-tax adjusted earnings	262		57		2		(52		)	269
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1			1
Adjusted earnings	$	262	$	57	$	2	$	(53	)	268
Adjustments for:
Net investment gains (losses)										56
Net derivative gains (losses)										108
Other adjustments to net income										(46		)
Provision for income tax (expense) benefit										(24		)
Net income (loss) attributable to Brighthouse Life Insurance Company										$	362
Interest revenue	$	468	$	101	$	339	$	10
Interest expense	$	—	$	—	$	—	$	16

	Operating Results
Three Months Ended June 30, 2018	Annuities		Life		Run-off			Corporate & Other			Total
	(In millions)
Pre-tax adjusted earnings	$	255	$	26	$	(8	)	$	(38	)	$	235
Provision for income tax expense (benefit)	43		6		(2		)	(14		)	33
Post-tax adjusted earnings	212		20		(6		)	(24		)	202
Less: Net income (loss) attributable to noncontrolling interests	—		—		—			—			—
Adjusted earnings	$	212	$	20	$	(6	)	$	(24	)	202
Adjustments for:
Net investment gains (losses)											(74		)
Net derivative gains (losses)											(278		)
Other adjustments to net income											(112		)
Provision for income tax (expense) benefit											98
Net income (loss) attributable to Brighthouse Life Insurance Company											$	(164	)
Interest revenue	$	374	$	92	$	314		$	7
Interest expense	$	—	$	—	$	—		$	1

	Operating Results
Six Months Ended June 30, 2019	Annuities		Life		Run-off			Corporate & Other			Total
	(In millions)
Pre-tax adjusted earnings	$	668	$	97	$	(44	)	$	(140	)	$	581
Provision for income tax expense (benefit)	122		20		(10		)	(42		)	90
Post-tax adjusted earnings	546		77		(34		)	(98		)	491
Less: Net income (loss) attributable to noncontrolling interests	—		—		—			1			1
Adjusted earnings	$	546	$	77	$	(34	)	$	(99	)	490
Adjustments for:
Net investment gains (losses)											46
Net derivative gains (losses)											(1,202		)
Other adjustments to net income											39
Provision for income tax (expense) benefit											235
Net income (loss) attributable to Brighthouse Life Insurance Company											$	(392	)
Interest revenue	$	886	$	183	$	615		$	22
Interest expense	$	—	$	—	$	—		$	26

	Operating Results
Six Months Ended June 30, 2018	Annuities		Life		Run-off		Corporate & Other			Total
	(In millions)
Pre-tax adjusted earnings	$	510	$	90	$	56	$	(55	)	$	601
Provision for income tax expense (benefit)	87		18		11		(23		)	93
Post-tax adjusted earnings	423		72		45		(32		)	508
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—			—
Adjusted earnings	$	423	$	72	$	45	$	(32	)	508
Adjustments for:
Net investment gains (losses)										(78		)
Net derivative gains (losses)										(565		)
Other adjustments to net income										(211		)
Provision for income tax (expense) benefit										180
Net income (loss) attributable to Brighthouse Life Insurance Company										$	(166	)
Interest revenue	$	733	$	180	$	657	$	17
Interest expense	$	—	$	—	$	—	$	2

The following table presents total assets with respect to the Company’s segments, as well as Corporate & Other, at:

	June 30, 2019		December 31, 2018
	(In millions)
Annuities	$	148,581	$	137,079
Life	15,426		14,928
Run-off	34,258		32,390
Corporate & Other	11,643		11,433
Total	$	209,908	$	195,830

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:

	Three Months Ended   June 30,					Six Months Ended   June 30,
	2019		2018			2019			2018
	(In millions)
Annuities	$	1,048	$	985		$	2,015		$	1,962
Life	275		278			529			578
Run-off	527		509			1,003			1,058
Corporate & Other	33		31			70			67
Adjustments	229		(293		)	(1,028		)	(531		)
Total	$	2,112	$	1,510		$	2,589		$	3,134