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Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment
Operating results by segment, as well as Corporate & Other, were as follows:
Year Ended December 31, 2023
AnnuitiesLifeRun-offCorporate
& Other
Total
(In millions)
Pre-tax adjusted earnings $1,380 $86 $(99)$(91)$1,276 
Provision for income tax expense (benefit)257 17 (22)(50)202 
Post-tax adjusted earnings 1,123 69 (77)(41)1,074 
Less: Net income (loss) attributable to noncontrolling interests— — — 
Adjusted earnings $1,123 $69 $(77)$(42)1,073 
Adjustments for:
Net investment gains (losses)(242)
Net derivative gains (losses), excluding investment hedge adjustments of $105
(4,025)
Change in market risk benefits
1,497 
Market value adjustments
(12)
Provision for income tax (expense) benefit585 
Net income (loss) attributable to Brighthouse Life Insurance Company$(1,124)
Interest revenue $2,558 $391 $1,141 $575 
Interest expense $— $— $— $70 
Year Ended December 31, 2022
AnnuitiesLifeRun-offCorporate
& Other
Total
(In millions)
Pre-tax adjusted earnings $1,291 $(32)$108 $(156)$1,211 
Provision for income tax expense (benefit)244 (8)21 (154)103 
Post-tax adjusted earnings 1,047 (24)87 (2)1,108 
Less: Net income (loss) attributable to noncontrolling interests— — — 
Adjusted earnings $1,047 $(24)$87 $(3)1,107 
Adjustments for:
Net investment gains (losses)(240)
Net derivative gains (losses), excluding investment hedge adjustments of $71
(656)
Change in market risk benefits
4,105 
Market value adjustments
86 
Provision for income tax (expense) benefit(692)
Net income (loss) attributable to Brighthouse Life Insurance Company$3,710 
Interest revenue$2,254 $396 $1,166 $319 
Interest expense$— $— $— $70 
Year Ended December 31, 2021
AnnuitiesLifeRun-offCorporate
& Other
Total
(In millions)
Pre-tax adjusted earnings$1,550 $532 $264 $(293)$2,053 
Provision for income tax expense (benefit)296 112 58 (108)358 
Post-tax adjusted earnings 1,254 420 206 (185)1,695 
Less: Net income (loss) attributable to noncontrolling interests— — — 
Adjusted earnings $1,254 $420 $206 $(186)1,694 
Adjustments for:
Net investment gains (losses)(63)
Net derivative gains (losses), excluding investment hedge adjustments of $21
(4,007)
Change in market risk benefits
4,142 
Market value adjustments
17 
Provision for income tax (expense) benefit(21)
Net income (loss) attributable to Brighthouse Life Insurance Company$1,762 
Interest revenue $2,207 $643 $1,910 $76 
Interest expense$— $— $— $67 
Total assets by segment, as well as Corporate & Other, were as follows at:
December 31,
20232022
(In millions)
Annuities$157,614 $148,228 
Life20,363 17,214 
Run-off26,849 28,466 
Corporate & Other21,378 21,530 
Total$226,204 $215,438 
Reconciliation of Revenue from Segments to Consolidated
Total revenues by segment, as well as Corporate & Other, were as follows:
Years Ended December 31,
202320222021
(In millions)
Annuities$4,440 $4,048 $4,297 
Life 1,013 988 1,382 
Run-off1,643 1,703 2,425 
Corporate & Other576 319 76 
Adjustments(4,267)(896)(4,070)
Total$3,405 $6,162 $4,110 
Premiums, Universal Life and Investment-Type Product Policy Fees and Other Revenues by Product Groups
Total premiums, universal life and investment-type product policy fees and other revenues by major product group were as follows:
Years Ended December 31,
202320222021
(In millions)
Annuity products$1,890 $1,796 $2,093 
Life insurance products1,110 1,119 1,243 
Other products
Total$3,007 $2,923 $3,344