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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $64,182 and $63,083, respectively; allowance for credit losses of $10 and $0, respectively) $ 70,202 $ 69,977
Equity securities, at estimated fair value 122 147
Mortgage loans (net of allowance for credit losses of $68 and $64, respectively) 15,457 15,664
Policy loans 836 875
Limited partnerships and limited liability companies 2,503 2,379
Short-term investments, principally at estimated fair value 3,729 1,482
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $0, respectively) 9,756 3,224
Total investments 102,605 93,748
Cash and cash equivalents 8,508 2,493
Accrued investment income 847 663
Premiums, reinsurance and other receivables 14,549 14,287
Deferred policy acquisition costs and value of business acquired 4,288 4,809
Current income tax recoverable 19 21
Other assets 441 464
Separate account assets 83,049 99,668
Total assets 214,306 216,153
Liabilities    
Future policy benefits 40,272 39,081
Policyholder account balances 46,782 45,121
Other policy-related balances 2,891 2,801
Payables for collateral under securities loaned and other transactions 10,964 4,374
Debt, Long-term and Short-term, Combined Amount 944 844
Deferred Income Tax Liabilities, Net 2,359 1,301
Other liabilities 4,811 4,484
Separate account liabilities 83,049 99,668
Total liabilities 192,072 197,674
Contingencies, Commitments and Guarantees (Note 10)
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 18,773 19,073
Retained earnings (deficit) 926 (3,899)
Accumulated other comprehensive income (loss) 2,445 3,215
Total Brighthouse Life Insurance Company’s stockholder’s equity 22,219 18,464
Noncontrolling interests 15 15
Total equity 22,234 18,479
Total liabilities and equity $ 214,306 $ 216,153