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Segment Information (Tables)
 9 Months Ended
Sep. 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 September 30, 2025
AnnuitiesLifeRun-off
Corporate & Other
Total
(In millions)
Total revenues$816 $249 $378 $199 $1,642 
Less: Revenues excluded from adjusted earnings (1)(415)4 (6)60 
Less: Segment expenses:
Policyholder benefits and claims124 183 (519)— 
Interest credited to policyholder account balances, excluding market value adjustments356 25 61 102 
Amortization of DAC and VOBA129 13 — — 
Interest expense on debt— — — 17 
Other expenses (2)255 48 32 50 
Less: Provision for income tax expense (benefit)69 (6)170 (11)
Less: Net income (loss) attributable to noncontrolling interests— — — — 
Adjusted earnings (loss)$298 $(18)$640 $(19)901 
Adjustments for:
Net investment gains (losses)44 
Investment gains (losses) on trading securities
7 
Net derivative gains (losses), excluding investment hedge adjustments of $0
(408)
Change in market risk benefits(293)
Market value adjustments(9)
Provision for income tax (expense) benefit139 
Net income (loss) attributable to Brighthouse Life Insurance Company$381 
Interest revenue$767 $106 $292 $137 
Three Months Ended September 30, 2024
AnnuitiesLifeRun-off
Corporate & Other
Total
(In millions)
Total revenues$984 $236 $479 $132 $1,831 
Less: Revenues excluded from adjusted earnings (1)(221)(10)101 (30)
Less: Segment expenses:
Policyholder benefits and claims89 133 (313)— 
Interest credited to policyholder account balances, excluding market value adjustments340 21 60 118 
Amortization of DAC and VOBA124 13 — — 
Interest expense on debt— — — 17 
Other expenses (2)256 32 48 50 
Less: Provision for income tax expense (benefit)75 10 121 (17)
Less: Net income (loss) attributable to noncontrolling interests— — — — 
Adjusted earnings (loss)$321 $37 $462 $(6)814 
Adjustments for:
Net investment gains (losses)(62)
Investment gains (losses) on trading securities
— 
Net derivative gains (losses), excluding investment hedge adjustments of $5
(98)
Change in market risk benefits(610)
Market value adjustments(11)
Provision for income tax (expense) benefit164 
Net income (loss) attributable to Brighthouse Life Insurance Company$197 
Interest revenue$726 $100 $276 $161 
Nine Months Ended September 30, 2025
AnnuitiesLifeRun-off
Corporate & Other
Total
(In millions)
Total revenues
$2,407 $688 $955 $521 $4,571 
Less: Revenues excluded from adjusted earnings (1)
(1,299)(19)(179)93 
Less: Segment expenses:
Policyholder benefits and claims335 502 233 — 
Interest credited to policyholder account balances, excluding market value adjustments1,066 68 179 312 
Amortization of DAC and VOBA378 38 — — 
Interest expense on debt— — — 50 
Other expenses (2)780 137 97 149 
Less: Provision for income tax expense (benefit)
217 (9)131 (37)
Less: Net income (loss) attributable to noncontrolling interests— — — 1 
Adjusted earnings (loss)$930 $(29)$494 $(47)1,348 
Adjustments for:
Net investment gains (losses)(79)
Investment gains (losses) on trading securities
7 
Net derivative gains (losses), excluding investment hedge adjustments of $2
(1,332)
Change in market risk benefits(86)
Market value adjustments(13)
Provision for income tax (expense) benefit316 
Net income (loss) attributable to Brighthouse Life Insurance Company$161 
Interest revenue$2,274 $284 $847 $426 
Nine Months Ended September 30, 2024
AnnuitiesLifeRun-off
Corporate & Other
Total
(In millions)
Total revenues
$968 $631 $941 $413 $2,953 
Less: Revenues excluded from adjusted earnings (1)(2,638)(23)(221)(61)
Less: Segment expenses:
Policyholder benefits and claims348 430 738 — 
Interest credited to policyholder account balances, excluding market value adjustments968 63 181 336 
Amortization of DAC and VOBA373 40 — — 
Interest expense on debt— — — 50 
Other expenses (2)747 130 129 159 
Less: Provision for income tax expense (benefit)221 (2)22 (38)
Less: Net income (loss) attributable to noncontrolling interests— — — 1 
Adjusted earnings (loss)$949 $(7)$92 $(34)1,000 
Adjustments for:
Net investment gains (losses)(225)
Investment gains (losses) on trading securities
— 
Net derivative gains (losses), excluding investment hedge adjustments of $28
(2,718)
Change in market risk benefits1,185 
Market value adjustments(1)
Provision for income tax (expense) benefit369 
Net income (loss) attributable to Brighthouse Life Insurance Company$(390)
Interest revenue$2,100 $306 $906 $473 
_______________
(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:
September 30, 2025December 31, 2024
(In millions)
Annuities$166,807 $160,887 
Life21,522 20,821 
Run-off25,279 24,894 
Corporate & Other21,130 21,989 
Total$234,738 $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
September 30,		Nine Months Ended
September 30,
2025202420252024
(In millions)
Annuity products$465 $480 $1,435 $1,508 
Life insurance products228 245 699 596 
Other products4 3 10 7 
Total$697 $728 $2,144 $2,111