XML 46 R34.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Information (Operating Results) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Total revenues $ 697 $ 1,246 $ 2,929 $ 1,122
Policyholder benefits and claims 663 623 1,282 1,607
Interest credited to policyholder account balances, excluding market value adjustments 531 503 1,085 999
Amortization of DAC and VOBA 138 138 274 276
Provision for income tax expense (benefit) (1) (23) (97) (191)
Net income (loss) attributable to noncontrolling interests 1 1 1 1
Net investment gains (losses) (42) (120) (123) (163)
Investment gains (losses) on trading securities 1,258 1,276 2,527 2,499
Net derivative gains (losses) (1,240) (664) (922) (2,597)
Change in market risk benefits 1,103 357 207 1,795
Net income (loss) attributable to Brighthouse Life Insurance Company 67 (22) (220) (587)
Annuities        
Segment Reporting Information [Line Items]        
Interest revenue 756 700 1,507 1,374
Life        
Segment Reporting Information [Line Items]        
Interest revenue 84 110 178 206
Run-off        
Segment Reporting Information [Line Items]        
Interest revenue 283 314 555 630
Corporate & Other        
Segment Reporting Information [Line Items]        
Interest revenue 143 162 289 312
Operating Segments        
Segment Reporting Information [Line Items]        
Total revenues 697 1,246 2,929 1,122
Adjusted earnings (loss) 209 319 447 186
Operating Segments | Annuities        
Segment Reporting Information [Line Items]        
Total revenues 102 556 1,591 (16)
Revenues excluded from adjusted earnings (1,131) (649) (884) (2,417)
Policyholder benefits and claims 100 112 211 259
Interest credited to policyholder account balances, excluding market value adjustments 353 326 710 628
Amortization of DAC and VOBA 125 125 249 249
Interest expense on debt 0 0 0 0
Other expenses 254 243 525 491
Provision for income tax expense (benefit) 76 75 148 146
Net income (loss) attributable to noncontrolling interests 0 0 0 0
Adjusted earnings (loss) 325 324 632 628
Operating Segments | Life        
Segment Reporting Information [Line Items]        
Total revenues 214 241 439 395
Revenues excluded from adjusted earnings (13) (4) (23) (13)
Policyholder benefits and claims 163 133 319 297
Interest credited to policyholder account balances, excluding market value adjustments 22 21 43 42
Amortization of DAC and VOBA 13 13 25 27
Interest expense on debt 0 0 0 0
Other expenses 49 39 89 98
Provision for income tax expense (benefit) (4) 9 (3) (12)
Net income (loss) attributable to noncontrolling interests 0 0 0 0
Adjusted earnings (loss) (16) 30 (11) (44)
Operating Segments | Run-off        
Segment Reporting Information [Line Items]        
Total revenues 209 316 577 462
Revenues excluded from adjusted earnings (174) (112) (173) (322)
Policyholder benefits and claims 400 378 752 1,051
Interest credited to policyholder account balances, excluding market value adjustments 58 52 118 121
Amortization of DAC and VOBA 0 0 0 0
Interest expense on debt 0 0 0 0
Other expenses 29 35 65 81
Provision for income tax expense (benefit) (21) (8) (39) (99)
Net income (loss) attributable to noncontrolling interests 0 0 0 0
Adjusted earnings (loss) (83) (29) (146) (370)
Operating Segments | Corporate & Other        
Segment Reporting Information [Line Items]        
Total revenues 172 133 322 281
Revenues excluded from adjusted earnings 28 (29) 33 (31)
Policyholder benefits and claims 0 0 0 0
Interest credited to policyholder account balances, excluding market value adjustments 104 109 210 218
Amortization of DAC and VOBA 0 0 0 0
Interest expense on debt 16 16 33 33
Other expenses 53 50 99 109
Provision for income tax expense (benefit) (13) (8) (26) (21)
Net income (loss) attributable to noncontrolling interests 1 1 1 1
Adjusted earnings (loss) (17) (6) (28) (28)
Segment Reconciling Items        
Segment Reporting Information [Line Items]        
Interest credited to policyholder account balances, excluding market value adjustments 6 5 (4) 10
Provision for income tax expense (benefit) 39 91 177 205
Net investment gains (losses) (42) (120) (123) (163)
Investment gains (losses) on trading securities 6 0 0 0
Net derivative gains (losses) (1,242) (674) (924) (2,620)
Investment hedge adjustments (2) (10) (2) (23)
Change in market risk benefits $ 1,103 $ 357 $ 207 $ 1,795