Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2020
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	466	$	(75)	$	(1,443)	$	(60)	$	(1,112)
Provision for income tax expense (benefit)	90		(17)		(304)		(15)		(246)
Post-tax adjusted earnings	376		(58)		(1,139)		(45)		(866)
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—		—
Adjusted earnings	$	376	$	(58)	$	(1,139)	$	(45)	(866)
Adjustments for:
Net investment gains (losses)									6
Net derivative gains (losses)									(1,870)
Other adjustments to net income (loss)									(1,048)
Provision for income tax (expense) benefit									612
Net income (loss) attributable to Brighthouse Life Insurance Company									$	(3,166)
Interest revenue	$	467	$	116	$	383	$	17
Interest expense	$	—	$	—	$	—	$	17

	Three Months Ended September 30, 2019
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	247	$	88	$	(543)	$	(70)	$	(278)
Provision for income tax expense (benefit)	50		18		(117)		(60)		(109)
Post-tax adjusted earnings	197		70		(426)		(10)		(169)
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—		—
Adjusted earnings	$	197	$	70	$	(426)	$	(10)	(169)
Adjustments for:
Net investment gains (losses)									14
Net derivative gains (losses)									984
Other adjustments to net income (loss)									(12)
Provision for income tax (expense) benefit									(208)
Net income (loss) attributable to Brighthouse Life Insurance Company									$	609
Interest revenue	$	458	$	101	$	327	$	18
Interest expense	$	—	$	—	$	—	$	17

	Nine Months Ended September 30, 2020
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	1,042	$	(8)	$	(1,679)	$	(241)	$	(886)
Provision for income tax expense (benefit)	194		(3)		(355)		(68)		(232)
Post-tax adjusted earnings	848		(5)		(1,324)		(173)		(654)
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1		1
Adjusted earnings	$	848	$	(5)	$	(1,324)	$	(174)	(655)
Adjustments for:
Net investment gains (losses)									(46)
Net derivative gains (losses)									2,227
Other adjustments to net income (loss)									(1,764)
Provision for income tax (expense) benefit									(87)
Net income (loss) attributable to Brighthouse Life Insurance Company									$	(325)
Interest revenue	$	1,327	$	273	$	873	$	48
Interest expense	$	—	$	—	$	—	$	51

	Nine Months Ended September 30, 2019
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	915	$	185	$	(587)	$	(210)	$	303
Provision for income tax expense (benefit)	172		38		(127)		(102)		(19)
Post-tax adjusted earnings	743		147		(460)		(108)		322
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1		1
Adjusted earnings	$	743	$	147	$	(460)	$	(109)	321
Adjustments for:
Net investment gains (losses)									60
Net derivative gains (losses)									(218)
Other adjustments to net income (loss)									27
Provision for income tax (expense) benefit									27
Net income (loss) attributable to Brighthouse Life Insurance Company									$	217
Interest revenue	$	1,344	$	284	$	942	$	40
Interest expense	$	—	$	—	$	—	$	43

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

	September 30, 2020		December 31, 2019
	(In millions)
Annuities	$	158,154	$	152,740
Life	17,288		16,389
Run-off	38,262		35,132
Corporate & Other	14,456		11,892
Total	$	228,160	$	216,153

Reconciliation of Revenue from Segments to Consolidated

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(In millions)
Annuities	$	1,014	$	1,037	$	2,949	$	3,052
Life	274		278		780		807
Run-off	553		484		1,378		1,487
Corporate & Other	39		40		112		110
Adjustments	(1,805)		1,062		2,357		34
Total	$	75	$	2,901	$	7,576	$	5,490