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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Premiums $ 176 $ 192 $ 555 $ 588
Universal life and investment-type product policy fees 430 411 1,186 1,356
Net investment income 1,258 1,174 3,757 3,381
Other revenues 122 108 370 305
Net investment gains (losses) (62) (52) (225) (213)
Net derivative gains (losses) (93) (838) (2,690) (3,251)
Total revenues 1,831 995 2,953 2,166
Expenses        
Policyholder benefits and claims (including liability remeasurement gains (losses) of ($980), ($233), ($980) and ($233), respectively) (91) 463 1,516 1,759
Interest credited to policyholder account balances 550 420 1,549 1,282
Amortization of deferred policy acquisition costs and value of business acquired 137 141 413 425
Change in market risk benefits 610 (1,064) (1,185) (2,165)
Other expenses 403 388 1,215 1,192
Total expenses 1,609 348 3,508 2,493
Income (loss) before provision for income tax 222 647 (555) (327)
Provision for income tax expense (benefit) 25 121 (166) (119)
Net income (loss) 197 526 (389) (208)
Less: Net income (loss) attributable to noncontrolling interests 0 0 1 1
Net income (loss) attributable to Brighthouse Life Insurance Company 197 526 (390) (209)
Comprehensive income (loss) 1,416 (640) 690 (1,144)
Less: Comprehensive income (loss) attributable to noncontrolling interests 0 0 1 1
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company $ 1,416 $ (640) $ 689 $ (1,145)