XML 70 R20.htm IDEA: XBRL DOCUMENT v3.20.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment
Operating results by segment, as well as Corporate & Other, were as follows:
 
 
Three Months Ended March 31, 2020
 
 
Annuities
 
Life
 
Run-off
 
Corporate
& Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
383

 
$
21

 
$
(89
)
 
$
(83
)
 
$
232

Provision for income tax expense (benefit)
 
72

 
4

 
(19
)
 
(25
)
 
32

Post-tax adjusted earnings
 
311

 
17

 
(70
)
 
(58
)
 
200

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

 
—

 
—

 
—

 
—

Adjusted earnings
 
$
311

 
$
17

 
$
(70
)
 
$
(58
)
 
200

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(19
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
6,747

Other adjustments to net income (loss)
 
 
 
 
 
 
 
 
 
(856
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
(1,233
)
Net income (loss) attributable to Brighthouse Life Insurance Company
 
 
 
 
 
 
 
 
 
$
4,839

 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
458

 
$
100

 
$
324

 
$
16

 
 
Interest expense
 
$
—

 
$
—

 
$
—

 
$
17

 
 
 
 
Three Months Ended March 31, 2019
 
 
Annuities
 
Life
 
Run-off
 
Corporate
& Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
347

 
$
25

 
$
(46
)
 
$
(66
)
 
$
260

Provision for income tax expense (benefit)
 
63

 
5

 
(10
)
 
(20
)
 
38

Post-tax adjusted earnings
 
284

 
20

 
(36
)
 
(46
)
 
222

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

 
—

 
—

 
—

 
—

Adjusted earnings
 
$
284

 
$
20

 
$
(36
)
 
$
(46
)
 
222

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(10
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(1,310
)
Other adjustments to net income (loss)
 
 
 
 
 
 
 
 
 
85

Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
259

Net income (loss) attributable to Brighthouse Life Insurance Company
 
 
 
 
 
 
 
 
 
$
(754
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
418

 
$
82

 
$
276

 
$
12

 
 
Interest expense
 
$
—

 
$
—

 
$
—

 
$
10

 
 

Total assets by segment, as well as Corporate & Other, were as follows at:

 
March 31, 2020

December 31, 2019

 
(In millions)
Annuities
 
$
143,445

 
$
152,740

Life
 
16,129

 
16,389

Run-off
 
36,523

 
35,132

Corporate & Other
 
18,209

 
11,892

Total
 
$
214,306


$
216,153
Reconciliation of Revenue from Segments to Consolidated
Total revenues by segment, as well as Corporate & Other, were as follows:
 
 
Three Months Ended 
 March 31,
 
 
2020

2019
 
 
(In millions)
Annuities
 
$
1,013

 
$
967

Life
 
269

 
254

Run-off
 
493

 
476

Corporate & Other
 
38

 
37

Adjustments
 
6,787

 
(1,257
)
Total
 
$
8,600

 
$
477