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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Premiums $ 811 $ 641 $ 687
Universal life and investment-type product policy fees 1,778 1,876 2,320
Net investment income 4,560 4,064 4,815
Other revenues 418 406 337
Net investment gains (losses) (242) (240) (63)
Net derivative gains (losses) (3,920) (585) (3,986)
Total revenues 3,405 6,162 4,110
Expenses      
Policyholder benefits and claims (including liability remeasurement gains (losses) of ($233), $137, ($51), respectively) 2,418 2,186 2,485
Interest credited to policyholder account balances 1,801 1,313 1,243
Amortization of deferred policy acquisition costs and value of business acquired 564 568 558
Change in market risk benefits (1,497) (4,105) (4,142)
Other expenses 1,625 1,694 1,824
Total expenses 4,911 1,656 1,968
Income (loss) before provision for income tax (1,506) 4,506 2,142
Provision for income tax expense (benefit) (383) 795 379
Net income (loss) (1,123) 3,711 1,763
Less: Net income (loss) attributable to noncontrolling interests 1 1 1
Net income (loss) attributable to Brighthouse Life Insurance Company $ (1,124) $ 3,710 $ 1,762