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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $87,277 and $86,129, respectively; allowance for credit losses of $43 and $21, respectively) $ 79,798 $ 80,085
Equity securities, at estimated fair value 45 66
Mortgage loans (net of allowance for credit losses of $155 and $137, respectively) 22,606 22,475
Policy loans 1,076 938
Limited partnerships and limited liability companies 4,937 4,946
Short-term investments, principally at estimated fair value 619 574
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $12 and $13, respectively) 4,195 4,411
Total investments 113,276 113,495
Cash and cash equivalents 3,816 3,165
Accrued investment income 1,149 1,163
Premiums, reinsurance and other receivables (net of allowance for credit losses of $3 and $3, respectively) 19,718 19,389
Deferred policy acquisition costs and value of business acquired 4,431 4,487
Current income tax recoverable 36 24
Deferred income tax asset 2,051 1,833
Market risk benefit assets 916 656
Other assets 350 302
Separate account assets 81,575 81,690
Total assets 227,318 226,204
Liabilities    
Future policy benefits 31,508 32,149
Policyholder account balances 85,015 80,193
Market risk benefit liabilities 8,727 10,344
Other policy-related balances 3,590 3,619
Payables for collateral under securities loaned and other transactions 3,894 3,660
Long-term debt 835 836
Other liabilities 6,960 7,772
Separate account liabilities 81,575 81,690
Total liabilities 222,104 220,263
Contingencies, Commitments and Guarantees (Note 12)
Brighthouse Life Insurance Company’s stockholder’s equity:    
Common stock, par value $25,000 per share; 4,000 shares authorized; 3,000 shares issued and outstanding 75 75
Additional paid-in capital 17,507 17,507
Retained earnings (deficit) (7,129) (6,542)
Accumulated other comprehensive income (loss) (5,254) (5,114)
Total Brighthouse Life Insurance Company’s stockholder’s equity 5,199 5,926
Noncontrolling interests 15 15
Total equity 5,214 5,941
Total liabilities and equity $ 227,318 $ 226,204