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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Premiums $ 206 $ 161 $ 396 $ 322
Universal life and investment-type product policy fees 471 469 945 995
Net investment income 1,172 1,044 2,207 2,179
Other revenues 110 104 197 218
Net investment gains (losses) (65) (64) (161) (131)
Net derivative gains (losses) (1,825) 1,980 (2,413) 1,919
Total revenues 69 3,694 1,171 5,502
Expenses        
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0, $0, $0, and $0 respectively) 652 696 1,296 1,323
Interest credited to policyholder account balances 446 277 862 519
Amortization of deferred policy acquisition costs and value of business acquired 142 143 284 284
Change in market risk benefits (1,299) (63) (1,101) (1,643)
Other expenses 410 489 804 881
Total expenses 351 1,542 2,145 1,364
Income (loss) before provision for income tax (282) 2,152 (974) 4,138
Provision for income tax expense (benefit) (73) 419 (240) 831
Net income (loss) (209) 1,733 (734) 3,307
Less: Net income (loss) attributable to noncontrolling interests 1 1 1 1
Net income (loss) attributable to Brighthouse Life Insurance Company (210) 1,732 (735) 3,306
Comprehensive income (loss) (772) 263 (504) (550)
Less: Comprehensive income (loss) attributable to noncontrolling interests 1 1 1 1
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company $ (773) $ 262 $ (505) $ (551)