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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Premiums $ 190 $ 161
Universal life and investment-type product policy fees 474 526
Net investment income 1,035 1,135
Other revenues 87 114
Net investment gains (losses) (96) (67)
Net derivative gains (losses) (588) (61)
Total revenues 1,102 1,808
Expenses    
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0 and $0, respectively) 644 627
Interest credited to policyholder account balances 416 242
Amortization of deferred policy acquisition costs and value of business acquired 142 141
Change in market risk benefits 198 (1,580)
Other expenses 394 392
Total expenses 1,794 (178)
Income (loss) before provision for income tax (692) 1,986
Provision for income tax expense (benefit) (167) 412
Net income (loss) (525) 1,574
Less: Net income (loss) attributable to noncontrolling interests 0 0
Net income (loss) attributable to Brighthouse Life Insurance Company (525) 1,574
Comprehensive income (loss) 268 (813)
Less: Comprehensive income (loss) attributable to noncontrolling interests 0 0
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company $ 268 $ (813)