Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

Operating results by segment, as well as Corporate & Other, were as follows:

	Three Months Ended June 30, 2020
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	193	$	46	$	(147)	$	(98)	$	(6)
Provision for income tax expense (benefit)	32		10		(32)		(28)		(18)
Post-tax adjusted earnings	161		36		(115)		(70)		12
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1		1
Adjusted earnings	$	161	$	36	$	(115)	$	(71)	11
Adjustments for:
Net investment gains (losses)									(33)
Net derivative gains (losses)									(2,650)
Other adjustments to net income (loss)									140
Provision for income tax (expense) benefit									534
Net income (loss) attributable to Brighthouse Life Insurance Company									$	(1,998)
Interest revenue	$	402	$	57	$	166	$	15
Interest expense	$	—	$	—	$	—	$	17

	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 (loss)									(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

	Six Months Ended June 30, 2020
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	576	$	67	$	(236)	$	(181)	$	226
Provision for income tax expense (benefit)	104		14		(51)		(53)		14
Post-tax adjusted earnings	472		53		(185)		(128)		212
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1		1
Adjusted earnings	$	472	$	53	$	(185)	$	(129)	211
Adjustments for:
Net investment gains (losses)									(52)
Net derivative gains (losses)									4,097
Other adjustments to net income (loss)									(716)
Provision for income tax (expense) benefit									(699)
Net income (loss) attributable to Brighthouse Life Insurance Company									$	2,841
Interest revenue	$	860	$	157	$	490	$	31
Interest expense	$	—	$	—	$	—	$	34

	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 (loss)									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

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

	June 30, 2020		December 31, 2019
	(In millions)
Annuities	$	154,215	$	152,740
Life	16,943		16,389
Run-off	38,052		35,132
Corporate & Other	15,091		11,892
Total	$	224,301	$	216,153

Reconciliation of Revenue from Segments to Consolidated

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(In millions)
Annuities	$	922	$	1,048	$	1,935	$	2,015
Life	237		275		506		529
Run-off	332		527		825		1,003
Corporate & Other	35		33		73		70
Adjustments	(2,625)		229		4,162		(1,028)
Total	$	(1,099)	$	2,112	$	7,501	$	2,589