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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Premiums $ 201 $ 190
Universal life and investment-type product policy fees 305 474
Net investment income 1,223 1,035
Other revenues 123 87
Net investment gains (losses) (43) (96)
Net derivative gains (losses) (1,933) (588)
Total revenues (124) 1,102
Expenses    
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0 and $0, respectively) 984 644
Interest credited to policyholder account balances 496 416
Amortization of deferred policy acquisition costs and value of business acquired 138 142
Change in market risk benefits (1,438) 198
Other expenses 429 394
Total expenses 609 1,794
Income (loss) before provision for income tax (733) (692)
Provision for income tax expense (benefit) (168) (167)
Net income (loss) (565) (525)
Less: Net income (loss) attributable to noncontrolling interests 0 0
Net income (loss) attributable to Brighthouse Life Insurance Company (565) (525)
Comprehensive income (loss) (710) 268
Less: Comprehensive income (loss) attributable to noncontrolling interests 0 0
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company $ (710) $ 268