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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $82,634 and $78,287, respectively; allowance for credit losses of $3 and $11, respectively) $ 77,712 $ 86,527
Equity securities, at estimated fair value 82 95
Mortgage loans (net of allowance for credit losses of $103 and $123, respectively) 21,449 19,787
Policy loans 886 869
Limited partnerships and limited liability companies 4,682 4,271
Short-term investments, principally at estimated fair value 107 662
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $13, respectively) 3,471 3,324
Total investments 108,389 115,535
Cash and cash equivalents 4,485 3,904
Accrued investment income 834 706
Premiums, reinsurance and other receivables (net of allowance for credit losses of $10 and $10, respectively) 16,203 15,649
Deferred policy acquisition costs and value of business acquired 4,929 4,851
Current income tax recoverable 28 0
Deferred income tax asset 439 0
Other assets 359 385
Separate account assets 82,622 106,225
Total assets 218,288 247,255
Liabilities    
Future policy benefits 40,633 43,589
Policyholder account balances 67,561 66,195
Other policy-related balances 3,011 3,153
Payables for collateral under securities loaned and other transactions 6,656 6,253
Long-term and short-term debt 964 841
Current income tax payable 0 57
Deferred income tax liability 0 981
Other liabilities 5,969 3,850
Separate account liabilities 82,622 106,225
Total liabilities 207,416 231,144
Contingencies, Commitments and Guarantees (Note 10)
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) (3,982) (5,653)
Accumulated other comprehensive income (loss) (3,009) 3,901
Total Brighthouse Life Insurance Company’s stockholder’s equity 10,857 16,096
Noncontrolling interests 15 15
Total equity 10,872 16,111
Total liabilities and equity $ 218,288 $ 247,255