Equity (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Schedules of statutory net income, capital and surplus and reserve strengthening by subsidiary

Statutory capital and surplus was as follows at:

	December 31,
Company	2016		2015
	(In millions)
Brighthouse Life Insurance Company	$	4,374	$	5,942

Statutory net income (loss) was as follows:

		Years Ended December 31,
Company	State of Domicile	2016		2015			2014
		(In millions)
Brighthouse Life Insurance Company	Delaware	$	1,186	$	(1,022	)	$	1,543

Components of Accumulated Other Comprehensive Income (Loss)

Information regarding changes on the balances of each component of AOCI was as follows:

	Unrealized Investment Gains (Losses), Net of Related Offsets (1)			Unrealized Gains (Losses) on Derivatives			Foreign Currency Translation Adjustments			Total
	(In millions)
Balance at January 1, 2014	$	916		$	25		$	39		$	980
OCI before reclassifications	2,301			242			(56		)	2,487
Deferred income tax benefit (expense)	(707		)	(85		)	4			(788		)
AOCI before reclassifications, net of income tax	2,510			182			(13		)	2,679
Amounts reclassified from AOCI	(28		)	2			—			(26		)
Deferred income tax benefit (expense)	8			(1		)	—			7
Amounts reclassified from AOCI, net of income tax	(20		)	1			—			(19		)
Sale of subsidiary (2)	(320		)	—			6			(314		)
Deferred income tax benefit (expense)	80			—			—			80
Sale of subsidiary, net of income tax	(240		)	—			6			(234		)
Balance at December 31, 2014	2,250			183			(7		)	2,426
OCI before reclassifications	(1,370		)	92			(28		)	(1,306		)
Deferred income tax benefit (expense)	506			(32		)	9			483
AOCI before reclassifications, net of income tax	1,386			243			(26		)	1,603
Amounts reclassified from AOCI	46			(6		)	—			40
Deferred income tax benefit (expense)	(17		)	2			—			(15		)
Amounts reclassified from AOCI, net of income tax	29			(4		)	—			25
Balance at December 31, 2015	1,415			239			(26		)	1,628
OCI before reclassifications	(348		)	68			(3		)	(283		)
Deferred income tax benefit (expense)	110			(24		)	—			86
AOCI before reclassifications, net of income tax	1,177			283			(29		)	1,431
Amounts reclassified from AOCI	(1		)	(43		)	—			(44		)
Deferred income tax benefit (expense)	—			15			—			15
Amounts reclassified from AOCI, net of income tax	(1		)	(28		)	—			(29		)
Balance at December 31, 2016	$	1,176		$	255		$	(29	)	$	1,402

__________________

(1) See Note 8 for information on offsets to investments related to future policy benefits, DAC, VOBA and DSI.

(2) See Note 4.

Reclassification out of Accumulated Other Comprehensive Income (Loss)

Information regarding amounts reclassified out of each component of AOCI was as follows:

AOCI Components	Amounts Reclassified from AOCI									Consolidated Statements of Operations and Comprehensive Income (Loss) Locations
	Years Ended December 31,
	2016			2015			2014
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains(losses)	$	(6	)	$	(48	)	$	13		Net investment gains (losses)
Net unrealized investment gains (losses)	1			12			11			Net investment income
Net unrealized investment gains (losses)	6			(10		)	4			Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax	1			(46		)	28
Income tax (expense) benefit	—			17			(8		)
Net unrealized investment gains (losses), net of income tax	$	1		$	(29	)	$	20
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	$	33		$	1		$	1		Net derivative gains (losses)
Interest rate swaps	3			1			1			Net investment income
Interest rate forwards	2			2			1			Net derivative gains (losses)
Interest rate forwards	2			2			1			Net investment income
Foreign currency swaps	3			—			(6		)	Net derivative gains (losses)
Gains (losses) on cash flow hedges, before income tax	43			6			(2		)
Income tax (expense) benefit	(15		)	(2		)	1
Gains (losses) on cash flow hedges, net of income tax	$	28		$	4		$	(1	)
Total reclassifications, net of income tax	$	29		$	(25	)	$	19