XML 35 R23.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment
Operating results by segment, as well as Corporate & Other, were as follows:
Three Months Ended September 30, 2024
AnnuitiesLifeRun-offCorporate
& Other		Total
(In millions)
Pre-tax adjusted earnings (loss)
$396 $47 $583 $(23)$1,003 
Provision for income tax expense (benefit)75 10 121 (17)189 
Post-tax adjusted earnings (loss)
321 37 462 (6)814 
Less: Net income (loss) attributable to noncontrolling interests— — — — — 
Adjusted earnings (loss)
$321 $37 $462 $(6)814 
Adjustments for:
Net investment gains (losses)(62)
Net derivative gains (losses), excluding investment hedge adjustments of $5
(98)
Change in market risk benefits(610)
Market value adjustments(11)
Provision for income tax (expense) benefit164 
Net income (loss) attributable to Brighthouse Life Insurance Company$197 
Interest revenue$726 $100 $276 $161 
Interest expense$— $— $— $17 
Three Months Ended September 30, 2023
AnnuitiesLifeRun-offCorporate
& Other		Total
(In millions)
Pre-tax adjusted earnings (loss)
$386 $2 $120 $(24)$484 
Provision for income tax expense (benefit)73 (1)25 (11)86 
Post-tax adjusted earnings (loss)
313 3 95 (13)398 
Less: Net income (loss) attributable to noncontrolling interests— — — — — 
Adjusted earnings (loss)
$313 $3 $95 $(13)398 
Adjustments for:
Net investment gains (losses)(52)
Net derivative gains (losses), excluding investment hedge adjustments of $25
(863)
Change in market risk benefits1,064 
Market value adjustments14 
Provision for income tax (expense) benefit(35)
Net income (loss) attributable to Brighthouse Life Insurance Company$526 
Interest revenue$649 $103 $299 $148 
Interest expense$— $— $— $17 
Nine Months Ended September 30, 2024
AnnuitiesLifeRun-offCorporate
& Other		Total
(In millions)
Pre-tax adjusted earnings (loss)
$1,170 $(9)$114 $(71)$1,204 
Provision for income tax expense (benefit)221 (2)22 (38)203 
Post-tax adjusted earnings (loss)
949 (7)92 (33)1,001 
Less: Net income (loss) attributable to noncontrolling interests— — — 1 1 
Adjusted earnings (loss)
$949 $(7)$92 $(34)1,000 
Adjustments for:
Net investment gains (losses)(225)
Net derivative gains (losses), excluding investment hedge adjustments of $28
(2,718)
Change in market risk benefits1,185 
Market value adjustments(1)
Provision for income tax (expense) benefit369 
Net income (loss) attributable to Brighthouse Life Insurance Company$(390)
Interest revenue$2,100 $306 $906 $473 
Interest expense$— $— $— $50 
Nine Months Ended September 30, 2023
AnnuitiesLifeRun-offCorporate
& Other		Total
(In millions)
Pre-tax adjusted earnings (loss)
$1,086 $61 $(35)$(63)$1,049 
Provision for income tax expense (benefit)204 11 (8)(38)169 
Post-tax adjusted earnings (loss)
882 50 (27)(25)880 
Less: Net income (loss) attributable to noncontrolling interests— — — 1 1 
Adjusted earnings (loss)
$882 $50 $(27)$(26)879 
Adjustments for:
Net investment gains (losses)(213)
Net derivative gains (losses), excluding investment hedge adjustments of $86
(3,337)
Change in market risk benefits2,165 
Market value adjustments9 
Provision for income tax (expense) benefit288 
Net income (loss) attributable to Brighthouse Life Insurance Company$(209)
Interest revenue$1,871 $299 $870 $427 
Interest expense$— $— $— $53 
Total assets by segment, as well as Corporate & Other, were as follows at:
September 30, 2024December 31, 2023
(In millions)
Annuities$165,126 $157,614 
Life20,788 20,363 
Run-off26,486 26,849 
Corporate & Other22,399 21,378 
Total$234,799 $226,204 
Reconciliation of Revenue from Segments to Consolidated
Total revenues by segment, as well as Corporate & Other, were as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
(In millions)
Annuities$1,205 $1,104 $3,606 $3,295 
Life246 246 654 752 
Run-off378 411 1,162 1,240 
Corporate & Other162 149 474 429 
Adjustments(160)(915)(2,943)(3,550)
Total$1,831 $995 $2,953 $2,166