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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $80,247 and $78,287, respectively; allowance for credit losses of $11 and $11, respectively) $ 81,502 $ 86,527
Equity securities, at estimated fair value 75 95
Mortgage loans (net of allowance for credit losses of $127 and $123, respectively) 21,295 19,787
Policy loans 876 869
Limited partnerships and limited liability companies 4,586 4,271
Short-term investments, principally at estimated fair value 111 662
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $13, respectively) 2,570 3,324
Total investments 111,015 115,535
Cash and cash equivalents 3,491 3,904
Accrued investment income 735 706
Premiums, reinsurance and other receivables (net of allowance for credit losses of $10 and $10, respectively) 15,834 15,649
Deferred policy acquisition costs and value of business acquired 5,060 4,851
Other assets 376 385
Separate account assets 96,995 106,225
Total assets 233,506 247,255
Liabilities    
Future policy benefits 41,571 43,589
Policyholder account balances 67,182 66,195
Other policy-related balances 3,154 3,153
Payables for collateral under securities loaned and other transactions 6,195 6,253
Long-term debt 840 841
Current income tax payable 56 57
Deferred income tax liability 198 981
Other liabilities 4,123 3,850
Separate account liabilities 96,995 106,225
Total liabilities 220,314 231,144
Contingencies, Commitments and Guarantees (Note 9)
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 17,773
Retained earnings (deficit) (4,982) (5,653)
Accumulated other comprehensive income (loss) 311 3,901
Total Brighthouse Life Insurance Company’s stockholder’s equity 13,177 16,096
Noncontrolling interests 15 15
Total equity 13,192 16,111
Total liabilities and equity $ 233,506 $ 247,255