Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

Operating results by segment, as well as Corporate & Other, were as follows:

	Three Months Ended March 31, 2024
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings (loss)	$	375	$	(95)	$	(432)	$	(35)	$	(187)
Provision for income tax expense (benefit)	71		(21)		(91)		(13)		(54)
Post-tax adjusted earnings (loss)	304		(74)		(341)		(22)		(133)
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—		—
Adjusted earnings (loss)	$	304	$	(74)	$	(341)	$	(22)	(133)
Adjustments for:
Net investment gains (losses)									(43)
Net derivative gains (losses), excluding investment hedge adjustments of $13									(1,946)
Change in market risk benefits									1,438
Market value adjustments									5
Provision for income tax (expense) benefit									114
Net income (loss) attributable to Brighthouse Life Insurance Company									$	(565)
Interest revenue	$	674	$	96	$	316	$	150
Interest expense	$	—	$	—	$	—	$	17

	Three Months Ended March 31, 2023
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Pre-tax adjusted earnings (loss)	$	362	$	26	$	(133)	$	(18)	$	237
Provision for income tax expense (benefit)	68		5		(28)		(16)		29
Post-tax adjusted earnings (loss)	294		21		(105)		(2)		208
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—		—
Adjusted earnings (loss)	$	294	$	21	$	(105)	$	(2)	208
Adjustments for:
Net investment gains (losses)									(96)
Net derivative gains (losses), excluding investment hedge adjustments of $39									(627)
Change in market risk benefits									(198)
Market value adjustments									(8)
Provision for income tax (expense) benefit									196
Net income (loss) attributable to Brighthouse Life Insurance Company									$	(525)
Interest revenue	$	592	$	89	$	254	$	139
Interest expense	$	—	$	—	$	—	$	18

Total assets by segment, as well as Corporate & Other, were as follows at:

	March 31, 2024		December 31, 2023
	(In millions)
Annuities	$	160,736	$	157,614
Life	19,948		20,363
Run-off	26,518		26,849
Corporate & Other	22,090		21,378
Total	$	229,292	$	226,204

Reconciliation of Revenue from Segments to Consolidated

Total revenues by segment, as well as Corporate & Other, were as follows:

	Three Months Ended March 31,
	2024		2023
	(In millions)
Annuities	$	1,196	$	1,058
Life	163		248
Run-off	356		380
Corporate & Other	150		139
Adjustments	(1,989)		(723)
Total	$	(124)	$	1,102