Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	242	$	16	$	(206)	$	(48)	$	4
Provision for income tax expense (benefit)	43		3		(44)		(35)		(33)
Post-tax adjusted earnings	199		13		(162)		(13)		37
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1		1
Adjusted earnings	$	199	$	13	$	(162)	$	(14)	36
Adjustments for:
Net investment gains (losses)									(64)
Net derivative gains (losses)									1,762
Other adjustments to net income (loss)									(477)
Provision for income tax (expense) benefit									(257)
Net income (loss) attributable to Brighthouse Life Insurance Company									$	1,000
Interest revenue	$	544	$	99	$	350	$	60
Interest expense	$	—	$	—	$	—	$	16

	Three Months Ended June 30, 2021
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	410	$	84	$	139	$	(89)	$	544
Provision for income tax expense (benefit)	78		17		18		(15)		98
Post-tax adjusted earnings	332		67		121		(74)		446
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1		1
Adjusted earnings	$	332	$	67	$	121	$	(75)	445
Adjustments for:
Net investment gains (losses)									(33)
Net derivative gains (losses)									(718)
Other adjustments to net income (loss)									176
Provision for income tax (expense) benefit									121
Net income (loss) attributable to Brighthouse Life Insurance Company									$	(9)
Interest revenue	$	532	$	156	$	498	$	15
Interest expense	$	—	$	—	$	—	$	16

	Six Months Ended June 30, 2022
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	616	$	55	$	(187)	$	(87)	$	397
Provision for income tax expense (benefit)	114		11		(40)		(40)		45
Post-tax adjusted earnings	502		44		(147)		(47)		352
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1		1
Adjusted earnings	$	502	$	44	$	(147)	$	(48)	351
Adjustments for:
Net investment gains (losses)									(131)
Net derivative gains (losses)									2,317
Other adjustments to net income (loss)									(515)
Provision for income tax (expense) benefit									(351)
Net income (loss) attributable to Brighthouse Life Insurance Company									$	1,671
Interest revenue	$	1,097	$	239	$	751	$	107
Interest expense	$	—	$	—	$	—	$	33

	Six Months Ended June 30, 2021
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	806	$	225	$	224	$	(155)	$	1,100
Provision for income tax expense (benefit)	153		46		27		(27)		199
Post-tax adjusted earnings	653		179		197		(128)		901
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1		1
Adjusted earnings	$	653	$	179	$	197	$	(129)	900
Adjustments for:
Net investment gains (losses)									(21)
Net derivative gains (losses)									(2,105)
Other adjustments to net income (loss)									401
Provision for income tax (expense) benefit									363
Net income (loss) attributable to Brighthouse Life Insurance Company									$	(462)
Interest revenue	$	1,079	$	306	$	961	$	29
Interest expense	$	—	$	—	$	—	$	33

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

	June 30, 2022		December 31, 2021
	(In millions)
Annuities	$	149,990	$	174,489
Life	16,713		18,190
Run-off	30,902		37,069
Corporate & Other	20,683		17,507
Total	$	218,288	$	247,255

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,
	2022		2021		2022		2021
	(In millions)
Annuities	$	1,086	$	1,104	$	2,221	$	2,251
Life	218		332		494		656
Run-off	514		661		1,076		1,289
Corporate & Other	78		34		144		69
Adjustments	1,747		(695)		2,287		(2,015)
Total	$	3,643	$	1,436	$	6,222	$	2,250