Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2022
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	127	$	(64)	$	(27)	$	(4)	$	32
Provision for income tax expense (benefit)	18		(13)		(5)		(6)		(6)
Post-tax adjusted earnings	109		(51)		(22)		2		38
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—		—
Adjusted earnings	$	109	$	(51)	$	(22)	$	2	38
Adjustments for:
Net investment gains (losses)									(40)
Net derivative gains (losses)									(408)
Other adjustments to net income (loss)									(514)
Provision for income tax (expense) benefit									202
Net income (loss) attributable to Brighthouse Life Insurance Company									$	(722)
Interest revenue	$	546	$	65	$	168	$	101
Interest expense	$	—	$	—	$	—	$	18

	Three Months Ended September 30, 2021
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	482	$	139	$	43	$	(64)	$	600
Provision for income tax expense (benefit)	96		30		4		(13)		117
Post-tax adjusted earnings	386		109		39		(51)		483
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—		—
Adjusted earnings	$	386	$	109	$	39	$	(51)	483
Adjustments for:
Net investment gains (losses)									(16)
Net derivative gains (losses)									56
Other adjustments to net income (loss)									(152)
Provision for income tax (expense) benefit									21
Net income (loss) attributable to Brighthouse Life Insurance Company									$	392
Interest revenue	$	564	$	168	$	505	$	33
Interest expense	$	—	$	—	$	—	$	17

	Nine Months Ended September 30, 2022
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	743	$	(9)	$	(214)	$	(91)	$	429
Provision for income tax expense (benefit)	132		(2)		(45)		(46)		39
Post-tax adjusted earnings	611		(7)		(169)		(45)		390
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1		1
Adjusted earnings	$	611	$	(7)	$	(169)	$	(46)	389
Adjustments for:
Net investment gains (losses)									(171)
Net derivative gains (losses)									1,909
Other adjustments to net income (loss)									(1,029)
Provision for income tax (expense) benefit									(149)
Net income (loss) attributable to Brighthouse Life Insurance Company									$	949
Interest revenue	$	1,643	$	304	$	919	$	208
Interest expense	$	—	$	—	$	—	$	51

	Nine Months Ended September 30, 2021
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings	$	1,288	$	364	$	267	$	(219)	$	1,700
Provision for income tax expense (benefit)	249		76		31		(40)		316
Post-tax adjusted earnings	1,039		288		236		(179)		1,384
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1		1
Adjusted earnings	$	1,039	$	288	$	236	$	(180)	1,383
Adjustments for:
Net investment gains (losses)									(37)
Net derivative gains (losses)									(2,049)
Other adjustments to net income (loss)									249
Provision for income tax (expense) benefit									384
Net income (loss) attributable to Brighthouse Life Insurance Company									$	(70)
Interest revenue	$	1,643	$	474	$	1,466	$	62
Interest expense	$	—	$	—	$	—	$	50

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

	September 30, 2022		December 31, 2021
	(In millions)
Annuities	$	144,709	$	174,489
Life	16,385		18,190
Run-off	28,648		37,069
Corporate & Other	22,631		17,507
Total	$	212,373	$	247,255

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,
	2022		2021		2022		2021
	(In millions)
Annuities	$	1,071	$	1,195	$	3,292	$	3,446
Life	195		309		689		965
Run-off	339		671		1,415		1,960
Corporate & Other	119		52		263		121
Adjustments	(411)		94		1,876		(1,921)
Total	$	1,313	$	2,321	$	7,535	$	4,571