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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Premiums $ 183 $ 201
Universal life and investment-type product policy fees 422 305
Net investment income 1,269 1,223
Other revenues 121 123
Net investment gains (losses) (81) (43)
Net derivative gains (losses) 318 (1,933)
Total revenues 2,232 (124)
Expenses    
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0 and $0, respectively) 619 984
Interest credited to policyholder account balances 554 496
Amortization of deferred policy acquisition costs and value of business acquired 136 138
Change in market risk benefits 896 (1,438)
Other expenses 410 429
Total expenses 2,615 609
Income (loss) before provision for income tax (383) (733)
Provision for income tax expense (benefit) (96) (168)
Net income (loss) (287) (565)
Net income (loss) attributable to noncontrolling interest 0 0
Net income (loss) attributable to Brighthouse Life Insurance Company (287) (565)
Comprehensive income (loss) 307 (710)
Less: Comprehensive income (loss) attributable to noncontrolling interests 0 0
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company $ 307 $ (710)