XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $85,353 and $83,395, respectively; allowance for credit losses of $22 and $6, respectively) $ 74,571 $ 74,757
Equity securities, at estimated fair value 61 66
Mortgage loans (net of allowance for credit losses of $137 and $119, respectively) 22,648 22,877
Policy loans 920 898
Limited partnerships and limited liability companies 4,931 4,774
Short-term investments, principally at estimated fair value 489 299
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $13, respectively) 3,209 2,984
Total investments 106,829 106,655
Cash and cash equivalents 3,339 3,752
Accrued investment income 1,121 868
Premiums, reinsurance and other receivables (net of allowance for credit losses of $13 and $10, respectively) 18,698 18,145
Deferred policy acquisition costs and value of business acquired 4,520 4,642
Current income tax recoverable 24 18
Deferred income tax asset 2,037 1,673
Market risk benefit assets 694 483
Other assets 293 322
Separate account assets 76,602 78,880
Total assets 214,157 215,438
Liabilities    
Future policy benefits 29,924 31,146
Policyholder account balances 77,474 72,602
Market risk benefit liabilities 8,850 10,411
Other policy-related balances 3,569 3,860
Payables for collateral under securities loaned and other transactions 3,924 4,547
Long-term and short-term debt 837 963
Other liabilities 7,608 6,515
Separate account liabilities 76,602 78,880
Total liabilities 208,788 208,924
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) (5,627) (5,418)
Accumulated other comprehensive income (loss) (6,867) (5,931)
Total Brighthouse Life Insurance Company’s stockholder’s equity 5,354 6,499
Noncontrolling interests 15 15
Total equity 5,369 6,514
Total liabilities and equity $ 214,157 $ 215,438