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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $84,308 and $78,287, respectively; allowance for credit losses of $4 and $11, respectively) $ 74,419 $ 86,527
Equity securities, at estimated fair value 75 95
Mortgage loans (net of allowance for credit losses of $99 and $123, respectively) 22,030 19,787
Policy loans 886 869
Limited partnerships and limited liability companies 4,607 4,271
Short-term investments, principally at estimated fair value 278 662
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $13, respectively) 4,161 3,324
Total investments 106,456 115,535
Cash and cash equivalents 4,384 3,904
Accrued investment income 889 706
Premiums, reinsurance and other receivables (net of allowance for credit losses of $10 and $10, respectively) 17,465 15,649
Deferred policy acquisition costs and value of business acquired 5,159 4,851
Current income tax recoverable 28 0
Deferred income tax asset 1,566 0
Other assets 359 385
Separate account assets 76,067 106,225
Total assets 212,373 247,255
Liabilities    
Future policy benefits 41,259 43,589
Policyholder account balances 70,599 66,195
Other policy-related balances 3,104 3,153
Payables for collateral under securities loaned and other transactions 6,518 6,253
Long-term and short-term debt 964 841
Current income tax payable 0 57
Deferred income tax liability 0 981
Other liabilities 7,165 3,850
Separate account liabilities 76,067 106,225
Total liabilities 205,676 231,144
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) (4,704) (5,653)
Accumulated other comprehensive income (loss) (6,462) 3,901
Total Brighthouse Life Insurance Company’s stockholder’s equity 6,682 16,096
Noncontrolling interests 15 15
Total equity 6,697 16,111
Total liabilities and equity $ 212,373 $ 247,255