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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Premiums $ 178 $ 206 $ 379 $ 396
Universal life and investment-type product policy fees 451 471 756 945
Net investment income 1,276 1,172 2,499 2,207
Other revenues 125 110 248 197
Net investment gains (losses) (120) (65) (163) (161)
Net derivative gains (losses) (664) (1,825) (2,597) (2,413)
Total revenues 1,246 69 1,122 1,171
Expenses        
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0, $0, $0 and $0, respectively) 623 652 1,607 1,296
Interest credited to policyholder account balances 503 446 999 862
Amortization of deferred policy acquisition costs and value of business acquired 138 142 276 284
Change in market risk benefits (357) (1,299) (1,795) (1,101)
Other expenses 383 410 812 804
Total expenses 1,290 351 1,899 2,145
Income (loss) before provision for income tax (44) (282) (777) (974)
Provision for income tax expense (benefit) (23) (73) (191) (240)
Net income (loss) (21) (209) (586) (734)
Less: Net income (loss) attributable to noncontrolling interests 1 1 1 1
Net income (loss) attributable to Brighthouse Life Insurance Company (22) (210) (587) (735)
Comprehensive income (loss) (16) (772) (726) (504)
Less: Comprehensive income (loss) attributable to noncontrolling interests 1 1 1 1
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company $ (17) $ (773) $ (727) $ (505)