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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $65,424 and $63,083, respectively; allowance for credit losses of $4 and $0, respectively) $ 75,605 $ 69,977
Equity securities, at estimated fair value 129 147
Mortgage loans (net of allowance for credit losses of $92 and $64, respectively) 15,703 15,664
Policy loans 791 875
Limited partnerships and limited liability companies 2,352 2,379
Short-term investments, principally at estimated fair value 3,592 1,482
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $0, respectively) 6,365 3,224
Total investments 104,537 93,748
Cash and cash equivalents 6,918 2,493
Accrued investment income 643 663
Premiums, reinsurance and other receivables 14,779 14,287
Deferred policy acquisition costs and value of business acquired 4,277 4,809
Current income tax recoverable 18 21
Other assets 431 464
Separate account assets 92,698 99,668
Total assets 224,301 216,153
Liabilities    
Future policy benefits 41,597 39,081
Policyholder account balances 49,837 45,121
Other policy related balances 2,858 2,801
Payables for collateral under securities loaned and other transactions 7,853 4,374
Long-term and short-term debt 843 844
Deferred income tax liability 2,392 1,301
Other liabilities 4,322 4,484
Separate account liabilities 92,698 99,668
Total liabilities 202,400 197,674
Contingencies, Commitments and Guarantees (Note 10)
Stockholders' Equity Attributable to Parent [Abstract]    
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) (1,572) (3,899)
Accumulated other comprehensive income (loss) 4,610 3,215
Total Brighthouse Life Insurance Company’s stockholder’s equity 21,886 18,464
Noncontrolling interests 15 15
Total equity 21,901 18,479
Total liabilities and equity $ 224,301 $ 216,153