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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Premiums $ 167 $ 176 $ 513 $ 555
Universal life and investment-type product policy fees 409 430 1,265 1,186
Net Investment Income 1,309 1,258 3,836 3,757
Other revenues 121 122 366 370
Net investment gains (losses) 44 (62) (79) (225)
Net derivative gains (losses) (408) (93) (1,330) (2,690)
Total revenues 1,642 1,831 4,571 2,953
Expenses        
Policyholder benefits and claims (including liability remeasurement gains (losses) of ($273), ($980), ($273) and ($980), respectively) (212) (91) 1,070 1,516
Interest credited to policyholder account balances 553 550 1,638 1,549
Amortization of deferred policy acquisition costs and value of business acquired 142 137 416 413
Change in market risk benefits 293 610 86 (1,185)
Other expenses 402 403 1,213 1,215
Total expenses 1,178 1,609 4,423 3,508
Income (loss) before provision for income tax 464 222 148 (555)
Provision for income tax expense (benefit) 83 25 (14) (166)
Net income (loss) 381 197 162 (389)
Net income (loss) attributable to noncontrolling interests 0 0 1 1
Net income (loss) attributable to Brighthouse Life Insurance Company 381 197 161 (390)
Comprehensive income (loss) 642 1,416 1,430 690
Less: Comprehensive income (loss) attributable to noncontrolling interests 0 0 1 1
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company $ 642 $ 1,416 $ 1,429 $ 689