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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment
The tables below provide information about the Company’s segments, including significant segment expenses, and reconciliations to Net income (loss) attributable to Brighthouse Life Insurance Company.
Three Months Ended June 30, 2025
AnnuitiesLifeRun-off
Corporate & Other
Total
(In millions)
Total revenues$102 $214 $209 $172 $697 
Less: Revenues excluded from adjusted earnings (1)(1,131)(13)(174)28 
Less: Segment expenses:
Policyholder benefits and claims100 163 400 — 
Interest credited to policyholder account balances, excluding market value adjustments353 22 58 104 
Amortization of DAC and VOBA125 13 — — 
Interest expense on debt— — — 16 
Other expenses (2)254 49 29 53 
Less: Provision for income tax expense (benefit)76 (4)(21)(13)
Less: Net income (loss) attributable to noncontrolling interests— — — 1 
Adjusted earnings (loss)$325 $(16)$(83)$(17)209 
Adjustments for:
Net investment gains (losses)(42)
Investment gains (losses) on trading securities
(6)
Net derivative gains (losses), excluding investment hedge adjustments of $2
(1,242)
Change in market risk benefits1,103 
Market value adjustments6 
Provision for income tax (expense) benefit39 
Net income (loss) attributable to Brighthouse Life Insurance Company$67 
Interest revenue$756 $84 $283 $143 
Three Months Ended June 30, 2024
AnnuitiesLifeRun-off
Corporate & Other
Total
(In millions)
Total revenues$556 $241 $316 $133 $1,246 
Less: Revenues excluded from adjusted earnings (1)(649)(4)(112)(29)
Less: Segment expenses:
Policyholder benefits and claims112 133 378 — 
Interest credited to policyholder account balances, excluding market value adjustments326 21 52 109 
Amortization of DAC and VOBA125 13 — — 
Interest expense on debt— — — 16 
Other expenses (2)243 39 35 50 
Less: Provision for income tax expense (benefit)75 9 (8)(8)
Less: Net income (loss) attributable to noncontrolling interests— — — 1 
Adjusted earnings (loss)$324 $30 $(29)$(6)319 
Adjustments for:
Net investment gains (losses)(120)
Investment gains (losses) on trading securities
— 
Net derivative gains (losses), excluding investment hedge adjustments of $10
(674)
Change in market risk benefits357 
Market value adjustments5 
Provision for income tax (expense) benefit91 
Net income (loss) attributable to Brighthouse Life Insurance Company$(22)
Interest revenue$700 $110 $314 $162 
Six Months Ended June 30, 2025
AnnuitiesLifeRun-off
Corporate & Other
Total
(In millions)
Total revenues
$1,591 $439 $577 $322 $2,929 
Less: Revenues excluded from adjusted earnings (1)
(884)(23)(173)33 
Less: Segment expenses:
Policyholder benefits and claims211 319 752 — 
Interest credited to policyholder account balances, excluding market value adjustments710 43 118 210 
Amortization of DAC and VOBA249 25 — — 
Interest expense on debt— — — 33 
Other expenses (2)525 89 65 99 
Less: Provision for income tax expense (benefit)
148 (3)(39)(26)
Less: Net income (loss) attributable to noncontrolling interests— — — 1 
Adjusted earnings (loss)$632 $(11)$(146)$(28)447 
Adjustments for:
Net investment gains (losses)(123)
Investment gains (losses) on trading securities
— 
Net derivative gains (losses), excluding investment hedge adjustments of $2
(924)
Change in market risk benefits207 
Market value adjustments(4)
Provision for income tax (expense) benefit177 
Net income (loss) attributable to Brighthouse Life Insurance Company$(220)
Interest revenue$1,507 $178 $555 $289 
Six Months Ended June 30, 2024
AnnuitiesLifeRun-off
Corporate & Other
Total
(In millions)
Total revenues
$(16)$395 $462 $281 $1,122 
Less: Revenues excluded from adjusted earnings (1)(2,417)(13)(322)(31)
Less: Segment expenses:
Policyholder benefits and claims259 297 1,051 — 
Interest credited to policyholder account balances, excluding market value adjustments628 42 121 218 
Amortization of DAC and VOBA249 27 — — 
Interest expense on debt— — — 33 
Other expenses (2)491 98 81 109 
Less: Provision for income tax expense (benefit)146 (12)(99)(21)
Less: Net income (loss) attributable to noncontrolling interests— — — 1 
Adjusted earnings (loss)$628 $(44)$(370)$(28)186 
Adjustments for:
Net investment gains (losses)(163)
Investment gains (losses) on trading securities
— 
Net derivative gains (losses), excluding investment hedge adjustments of $23
(2,620)
Change in market risk benefits1,795 
Market value adjustments10 
Provision for income tax (expense) benefit205 
Net income (loss) attributable to Brighthouse Life Insurance Company$(587)
Interest revenue$1,374 $206 $630 $312 
_______________
(1)For each reportable segment, certain revenues are excluded from adjusted earnings (loss), including net investment gains (losses), investment gains (losses) on trading securities and net derivative gains (losses), excluding investment hedge adjustments.
(2)Other expenses include corporate expense allocations directly attributable to each of the segments.
Total assets by segment were as follows at:
June 30, 2025December 31, 2024
(In millions)
Annuities$165,228 $160,887 
Life21,250 20,821 
Run-off24,886 24,894 
Corporate & Other21,513 21,989 
Total$232,877 $228,591 
Premiums, Universal Life and Investment-Type Product Policy Fees and Other Revenues by Product Groups
Total premiums, universal life and investment-type product policy fees and other revenues by major product group were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
(In millions)
Annuity products$480 $506 $970 $1,028 
Life insurance products238 246 471 351 
Other products3 2 6 4 
Total$721 $754 $1,447 $1,383