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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $86,858 and $86,129, respectively; allowance for credit losses of $59 and $21, respectively) $ 82,400 $ 80,085
Equity securities, at estimated fair value 43 66
Mortgage loans (net of allowance for credit losses of $167 and $137, respectively) 22,903 22,475
Policy loans 995 938
Limited partnerships and limited liability companies 4,870 4,946
Short-term investments, principally at estimated fair value 1,086 574
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $12 and $13, respectively) 4,464 4,411
Total investments 116,761 113,495
Cash and cash equivalents 5,001 3,165
Accrued investment income 2,063 1,163
Premiums, reinsurance and other receivables (net of allowance for credit losses of $3 and $3, respectively) 20,383 19,389
Deferred policy acquisition costs and value of business acquired 4,397 4,487
Current income tax recoverable 50 24
Deferred income tax asset 1,688 1,833
Market risk benefit assets 750 656
Other assets 267 302
Separate account assets 83,439 81,690
Total assets 234,799 226,204
Liabilities    
Future policy benefits 32,387 32,149
Policyholder account balances 86,836 80,193
Market risk benefit liabilities 9,599 10,344
Other policy-related balances 3,652 3,619
Payables for collateral under securities loaned and other transactions 3,754 3,660
Long-term debt 834 836
Other liabilities 7,668 7,772
Separate account liabilities 83,439 81,690
Total liabilities 228,169 220,263
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) (6,932) (6,542)
Accumulated other comprehensive income (loss) (4,035) (5,114)
Total Brighthouse Life Insurance Company’s stockholder’s equity 6,615 5,926
Noncontrolling interests 15 15
Total equity 6,630 5,941
Total liabilities and equity $ 234,799 $ 226,204