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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $78,287 and $69,483, respectively; allowance for credit losses of $11 and $2, respectively) $ 86,527 $ 81,299
Equity securities, at estimated fair value 95 133
Mortgage loans (net of allowance for credit losses of $123 and $94, respectively) 19,787 15,722
Policy loans 869 884
Limited partnerships and limited liability companies 4,271 2,809
Short-term investments, principally at estimated fair value 662 1,885
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $13, respectively) 3,324 3,757
Total investments 115,535 106,489
Cash and cash equivalents 3,904 3,684
Accrued investment income 706 656
Premiums, reinsurance and other receivables (net of allowance for credit losses of $10 and $10, respectively) 15,649 15,721
Deferred policy acquisition costs and value of business acquired 4,851 4,357
Other assets 385 395
Separate account assets 106,225 103,986
Total assets 247,255 235,288
Liabilities    
Future policy benefits 43,589 44,266
Policyholder account balances 66,195 53,946
Other policy-related balances 3,153 3,114
Payables for collateral under securities loaned and other transactions 6,253 5,237
Long-term debt 841 843
Current income tax payable 57 110
Deferred income tax liability 981 1,461
Other liabilities 3,850 4,210
Separate account liabilities 106,225 103,986
Total liabilities 231,144 217,173
Contingencies, Commitments and Guarantees (Note 13)
Brighthouse Life Insurance Company’s stockholder’s 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 17,773 18,323
Retained earnings (deficit) (5,653) (5,719)
Accumulated other comprehensive income (loss) 3,901 5,421
Total Brighthouse Life Insurance Company’s stockholder’s equity 16,096 18,100
Noncontrolling interests 15 15
Total equity 16,111 18,115
Total liabilities and equity $ 247,255 $ 235,288