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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $87,555 and $87,131, respectively; allowance for credit losses of $27 and $21, respectively) $ 80,474 $ 80,991
Equity securities, at estimated fair value 86 102
Mortgage loans (net of allowance for credit losses of $142 and $137, respectively) 22,670 22,508
Policy loans 1,651 1,331
Limited partnerships and limited liability companies 4,920 4,946
Short-term investments, principally at estimated fair value 1,347 1,169
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $12 and $13, respectively) 4,746 4,409
Total investments 115,894 115,456
Cash and cash equivalents 3,823 3,851
Accrued investment income 1,297 1,183
Premiums, reinsurance and other receivables (net of allowance for credit losses of $3 and $3, respectively) 20,234 19,761
Deferred policy acquisition costs and value of business acquired 4,829 4,872
Current income tax recoverable 28 27
Deferred income tax asset 2,063 1,893
Market risk benefit assets 839 656
Other assets 349 370
Separate account assets 90,332 88,271
Total assets 239,688 236,340
Liabilities    
Future policy benefits 32,245 32,569
Policyholder account balances 84,159 81,068
Market risk benefit liabilities 8,964 10,323
Other policy-related balances 3,798 3,836
Payables for collateral under securities loaned and other transactions 3,653 3,670
Long-term debt 3,155 3,156
Other liabilities 9,122 8,439
Separate account liabilities 90,332 88,271
Total liabilities 235,428 231,332
Contingencies, Commitments and Guarantees (Note 13)
Brighthouse Financial, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $1,753 aggregate liquidation preference 0 0
Common stock, par value $0.01 per share; 1,000,000,000 shares authorized; 123,398,227 and 122,818,568 shares issued, respectively; 62,595,426 and 63,503,355 shares outstanding, respectively 1 1
Additional paid-in capital 13,989 14,004
Retained earnings (deficit) (2,000) (1,507)
Treasury stock, at cost; 60,802,801 and 59,315,213 shares, respectively (2,382) (2,309)
Accumulated other comprehensive income (loss) (5,413) (5,246)
Total Brighthouse Financial, Inc.’s stockholders’ equity 4,195 4,943
Noncontrolling interests 65 65
Total equity 4,260 5,008
Total liabilities and equity $ 239,688 $ 236,340