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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $84,599 and $83,395, respectively; allowance for credit losses of $11 and $6, respectively) $ 76,727 $ 74,757
Equity securities, at estimated fair value 61 66
Mortgage loans (net of allowance for credit losses of $145 and $119, respectively) 22,579 22,877
Policy loans 903 898
Limited partnerships and limited liability companies 4,913 4,774
Short-term investments, principally at estimated fair value 507 299
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $13, respectively) 3,672 2,984
Total investments 109,362 106,655
Cash and cash equivalents 3,311 3,752
Accrued investment income 1,007 868
Premiums, reinsurance and other receivables (net of allowance for credit losses of $10 and $10, respectively) 18,853 18,145
Deferred policy acquisition costs and value of business acquired 4,555 4,642
Current income tax recoverable 23 18
Deferred income tax asset 1,848 1,673
Market risk benefit assets 602 483
Other assets 304 322
Separate account assets 81,901 78,880
Total assets 221,766 215,438
Liabilities    
Future policy benefits 31,559 31,146
Policyholder account balances 77,742 72,602
Market risk benefit liabilities 9,806 10,411
Other policy-related balances 3,569 3,860
Payables for collateral under securities loaned and other transactions 4,111 4,547
Long-term and short-term debt 837 963
Other liabilities 6,232 6,515
Separate account liabilities 81,901 78,880
Total liabilities 215,757 208,924
Contingencies, Commitments and Guarantees (Note 12)
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) (6,153) (5,418)
Accumulated other comprehensive income (loss) (5,701) (5,931)
Total Brighthouse Life Insurance Company’s stockholder’s equity 5,994 6,499
Noncontrolling interests 15 15
Total equity 6,009 6,514
Total liabilities and equity $ 221,766 $ 215,438