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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $63,083 and $59,672, respectively) $ 69,977 $ 61,348
Equity securities, at estimated fair value 147 140
Mortgage loans (net of valuation allowances of $64 and $56, respectively) 15,664 13,596
Policy loans 875 1,001
Limited partnerships and limited liability companies 2,379 2,290
Short-term investments, principally at estimated fair value 1,482 0
Other invested assets, principally at estimated fair value 3,224 3,037
Total investments 93,748 81,412
Cash and cash equivalents 2,493 3,494
Accrued investment income 663 704
Premiums, reinsurance and other receivables 14,287 13,113
Deferred policy acquisition costs and value of business acquired 4,809 5,086
Current income tax recoverable 21 1
Other assets 464 509
Separate account assets 99,668 91,511
Total assets 216,153 195,830
Liabilities    
Future policy benefits 39,081 35,588
Policyholder account balances 45,121 39,330
Other policy-related balances 2,801 2,728
Payables for collateral under securities loaned and other transactions 4,374 5,047
Long-term debt 844 434
Current income tax payable 0 2
Deferred Income Tax Liabilities, Net 1,301 944
Other liabilities 4,484 3,455
Separate account liabilities 99,668 91,511
Total liabilities 197,674 179,039
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 19,073
Retained earnings (deficit) (3,899) (3,090)
Accumulated other comprehensive income (loss) 3,215 718
Total Brighthouse Life Insurance Company's stockholder's equity 18,464 16,776
Noncontrolling interests 15 15
Total equity 18,479 16,791
Total liabilities and equity $ 216,153 $ 195,830