XML 120 R29.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment
Set forth in the tables below are the operating results with respect to the Company’s segments, as well as Corporate & Other, for the years ended December 31, 2019, 2018 and 2017 and at December 31, 2019 and 2018.
 
 
Operating Results
Year Ended December 31, 2019
 
Annuities
 
Life
 
Run-off
 
Corporate
& Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
1,233

 
$
239

 
$
(580
)
 
$
(234
)
 
$
658

Provision for income tax expense (benefit)
 
230

 
49

 
(126
)
 
(112
)
 
41

Post-tax adjusted earnings
 
1,003

 
190

 
(454
)
 
(122
)
 
617

Less: Net income (loss) attributable to noncontrolling interests
 
—

 
—

 
—

 
1

 
1

Adjusted earnings
 
$
1,003

 
$
190

 
$
(454
)
 
$
(123
)
 
616

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
92

Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(2,046
)
Other adjustments to net income (loss)
 
 
 
 
 
 
 
 
 
150

Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
379

Net income (loss) attributable to Brighthouse Life Insurance Company
 
 
 
 
 
 
 
 
 
$
(809
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
1,798

 
$
376

 
$
1,265

 
$
53

 
 
Interest expense
 
$
—

 
$
—

 
$
—

 
$
60

 
 
Balance at December 31, 2019

Annuities

Life

Run-off
 
Corporate & Other

Total


(In millions)
Total assets

$
152,740

 
$
16,389

 
$
35,132

 
$
11,892


$
216,153

Separate account assets

$
95,524

 
$
2,043

 
$
2,101

 
$
—


$
99,668

Separate account liabilities

$
95,524

 
$
2,043

 
$
2,101

 
$
—


$
99,668

 
 
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 (loss)
 
 
 
 
 
 
 
 
 
(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 (loss)
 
 
 
 
 
 
 
 
 
(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

 
 
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,
 
 
2019
 
2018
 
2017
 
 
(In millions)
Annuities
 
$
4,062

 
$
3,921

 
$
3,721

Life
 
1,115

 
1,160

 
1,036

Run-off
 
2,009

 
2,112

 
2,148

Corporate & Other
 
145

 
147

 
250

Adjustments
 
(1,704
)
 
782

 
(1,357
)
Total
 
$
5,627

 
$
8,122

 
$
5,798
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 group:
 
Years Ended December 31,
 
2019
 
2018
 
2017
 
(In millions)
Annuity products
$
2,522

 
$
2,662

 
$
2,729

Life insurance products
1,561

 
1,677

 
1,587

Other products
12

 
7

 
4

Total
$
4,095

 
$
4,346

 
$
4,320