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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Premiums $ 163 $ 178 $ 346 $ 379
Universal life and investment-type product policy fees 434 451 856 756
Net Investment Income 1,258 1,276 2,527 2,499
Other revenues 124 125 245 248
Net investment gains (losses) (42) (120) (123) (163)
Net derivative gains (losses) (1,240) (664) (922) (2,597)
Total revenues 697 1,246 2,929 1,122
Expenses        
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0, $0, $0 and $0, respectively) 663 623 1,282 1,607
Interest credited to policyholder account balances 531 503 1,085 999
Amortization of deferred policy acquisition costs and value of business acquired 138 138 274 276
Change in market risk benefits (1,103) (357) (207) (1,795)
Other expenses 401 383 811 812
Total expenses 630 1,290 3,245 1,899
Income (loss) before provision for income tax 67 (44) (316) (777)
Provision for income tax expense (benefit) (1) (23) (97) (191)
Net income (loss) 68 (21) (219) (586)
Net income (loss) attributable to noncontrolling interests 1 1 1 1
Net income (loss) attributable to Brighthouse Life Insurance Company 67 (22) (220) (587)
Comprehensive income (loss) 481 (16) 788 (726)
Less: Comprehensive income (loss) attributable to noncontrolling interests 1 1 1 1
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company $ 480 $ (17) $ 787 $ (727)