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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Premiums $ 202 $ 197
Universal life and investment-type product policy fees 436 606
Net investment income 1,254 1,059
Other revenues 145 93
Net investment gains (losses) (42) (96)
Net derivative gains (losses) (1,921) (575)
Total revenues 74 1,284
Expenses    
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0 and $0, respectively) 968 687
Interest credited to policyholder account balances 502 422
Amortization of deferred policy acquisition costs and value of business acquired 151 156
Change in market risk benefits (1,440) 194
Other expenses 507 478
Total expenses 688 1,937
Income (loss) before provision for income tax (614) (653)
Provision for income tax expense (benefit) (123) (156)
Net income (loss) (491) (497)
Less: Net income (loss) attributable to noncontrolling interests 2 2
Net income (loss) attributable to Brighthouse Financial, Inc. (493) (499)
Less: Preferred stock dividends 26 26
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders (519) (525)
Comprehensive income (loss) (658) 321
Less: Comprehensive income (loss) attributable to noncontrolling interests 2 2
Comprehensive income (loss) attributable to Brighthouse Financial, Inc. $ (660) $ 319
Earnings per common share    
Basic $ (8.22) $ (7.72)
Diluted $ (8.22) $ (7.72)