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Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

Operating results by segment, as well as Corporate & Other, were as follows:

						Three Months Ended March 31, 2024
						Annuities						Life						Run-off						Corporate & Other						Total
						(In millions)
Pre-tax adjusted earnings (loss)						$	385					$	(46)					$	(432)					$	11					$	(82)
Provision for income tax expense (benefit)						72						(10)						(91)						17						(12)
Post-tax adjusted earnings (loss)						313						(36)						(341)						(6)						(70)
Less: Net income (loss) attributable to noncontrolling interests						—						—						—						2						2
Less: Preferred stock dividends						—						—						—						26						26
Adjusted earnings (loss)						$	313					$	(36)					$	(341)					$	(34)					(98)
Adjustments for:
Net investment gains (losses)																														(42)
Net derivative gains (losses), excluding investment hedge adjustments of $13																														(1,934)
Change in market risk benefits																														1,440
Market value adjustments																														4
Provision for income tax (expense) benefit																														111
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders																														$	(519)
Interest revenue						$	676					$	107					$	316					$	168
Interest expense						$	—					$	—					$	—					$	38

						Three Months Ended March 31, 2023
						Annuities						Life						Run-off						Corporate & Other						Total
						(In millions)
Pre-tax adjusted earnings (loss)						$	387					$	—					$	(134)					$	5					$	258
Provision for income tax expense (benefit)						73						(1)						(28)						(9)						35
Post-tax adjusted earnings (loss)						314						1						(106)						14						223
Less: Net income (loss) attributable to noncontrolling interests						—						—						—						2						2
Less: Preferred stock dividends						—						—						—						26						26
Adjusted earnings (loss)						$	314					$	1					$	(106)					$	(14)					195
Adjustments for:
Net investment gains (losses)																														(96)
Net derivative gains (losses), excluding investment hedge adjustments of $38																														(613)
Change in market risk benefits																														(194)
Market value adjustments																														(8)
Provision for income tax (expense) benefit																														191
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders																														$	(525)
Interest revenue						$	594					$	100					$	254					$	149
Interest expense						$	—					$	—					$	—					$	38

Total assets by segment, as well as Corporate & Other, were as follows at:

						March 31, 2024						December 31, 2023
						(In millions)
Annuities						$	164,075					$	160,775
Life						25,824						25,504
Run-off						26,507						26,828
Corporate & Other						23,282						23,233
Total						$	239,688					$	236,340

Reconciliation of Revenue from Segments to Consolidated

Total revenues by segment, as well as Corporate & Other, were as follows:

												Three Months Ended March 31,
																		2024						2023
																		(In millions)
Annuities																		$	1,304					$	1,170
Life																		217						304
Run-off																		356						380
Corporate & Other																		173						139
Adjustments																		(1,976)						(709)
Total																		$	74					$	1,284

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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-Name Accounting Standards Codification
-Topic 280
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-Section 50
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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