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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share The calculation of earnings per common share was as follows:
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2023 |  | 2022
|  |  |  |  |  | (In millions, except share and per share data)
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders |  |  |  |  |  | $ | (525) |  |  | $ | 1,558 |
Weighted average common shares outstanding — basic |  |  |  |  |  | 67,873,189 |  |  | 76,853,890 |
Dilutive effect of share-based awards |  |  |  |  |  | — |  |  | 622,575 |
Weighted average common shares outstanding — diluted |  |  |  |  |  | 67,873,189 |  |  | 77,476,465 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic |  |  |  |  |  | $ | (7.72) |  |  | $ | 20.27 |
Diluted |  |  |  |  |  | $ | (7.72) |  |  | $ | 20.11 |
For the three months ended March 31, 2023, basic loss per common share equaled diluted loss per common share. The diluted shares were not included in the per share calculation for this period as the inclusion of such shares would have an antidilutive effect. For the three months ended March 31, 2022, weighted average shares used for calculating diluted earnings per common share excludes 187,371 of out-of-the-money stock options, as the inclusion of such shares would be antidilutive to the earnings per common share calculation due to the average share price for the three months ended March 31, 2022.

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