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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Debt Securities, Available-for-Sale $ 74,757 $ 86,527
Equity securities, at estimated fair value 66 95
Mortgage loans (net of allowance for credit losses of $119 and $123, respectively) 22,877 19,787
Policy loans 898 869
Limited partnerships and limited liability companies 4,774 4,271
Short-term investments, principally at estimated fair value 299 662
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $13, respectively) 2,984 3,324
Total investments 106,655 115,535
Cash and cash equivalents 3,752 3,904
Accrued investment income 868 706
Premiums, reinsurance and other receivables (net of allowance for credit losses of $10 and $10, respectively) 18,854 15,649
Deferred policy acquisition costs and value of business acquired 5,184 4,851
Current income tax recoverable 18 0
Deferred Income Tax Assets, Net 1,580 0
Other assets 360 385
Separate account assets 78,880 106,225
Total assets 216,151 247,255
Liabilities    
Future policy benefits 41,105 43,589
Policyholder account balances 74,112 66,195
Other policy-related balances 3,146 3,153
Payables for collateral under securities loaned and other transactions 4,547 6,253
Debt, Long-Term and Short-Term, Combined Amount 963 841
Current income tax payable 0 57
Deferred income tax liability 0 981
Other liabilities 6,534 3,850
Separate account liabilities 78,880 106,225
Total liabilities 209,287 231,144
Contingencies, Commitments and Guarantees (Note 13)
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) (5,717) (5,653)
Accumulated other comprehensive income (loss) (5,282) 3,901
Total Brighthouse Life Insurance Company’s stockholder’s equity 6,849 16,096
Noncontrolling interests 15 15
Total equity 6,864 16,111
Total liabilities and equity $ 216,151 $ 247,255