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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Premiums $ 192 $ 160 $ 588 $ 482
Universal life and investment-type product policy fees 411 461 1,356 1,456
Net investment income 1,174 857 3,381 3,036
Other revenues 108 110 305 328
Net investment gains (losses) (52) (40) (213) (171)
Net derivative gains (losses) (838) (590) (3,251) 1,329
Total revenues 995 958 2,166 6,460
Expenses        
Policyholder benefits and claims (including liability remeasurement gains (losses) of ($233), $34, ($233) and $34, respectively) 463 555 1,759 1,878
Interest credited to policyholder account balances 420 399 1,282 918
Amortization of deferred policy acquisition costs and value of business acquired 141 143 425 427
Change in market risk benefits (1,064) (982) (2,165) (2,625)
Other expenses 388 411 1,192 1,292
Total expenses 348 526 2,493 1,890
Income (loss) before provision for income tax 647 432 (327) 4,570
Provision for income tax expense (benefit) 121 78 (119) 909
Net income (loss) 526 354 (208) 3,661
Less: Net income (loss) attributable to noncontrolling interests 0 0 1 1
Net income (loss) attributable to Brighthouse Life Insurance Company 526 354 (209) 3,660
Comprehensive income (loss) (640) (2,389) (1,144) (2,939)
Less: Comprehensive income (loss) attributable to noncontrolling interests 0 0 1 1
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company $ (640) $ (2,389) $ (1,145) $ (2,940)