v3.26.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Premiums $ 166 $ 183
Universal life and investment-type product policy fees 415 422
Net investment income 1,236 1,269
Other revenues 109 121
Net investment gains (losses) (52) (81)
Net derivative gains (losses) (508) 318
Total revenues 1,366 2,232
Expenses    
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0 and $0, respectively) 615 619
Interest credited to policyholder account balances 486 554
Amortization of deferred policy acquisition costs and value of business acquired 147 136
Change in market risk benefits 748 896
Other expenses 392 410
Total expenses 2,388 2,615
Income (loss) before provision for income tax (1,022) (383)
Provision for income tax expense (benefit) (231) (96)
Net income (loss) (791) (287)
Net income (loss) attributable to noncontrolling interests 0 0
Net income (loss) attributable to Brighthouse Life Insurance Company (791) (287)
Comprehensive income (loss) (1,203) 307
Less: Comprehensive income (loss) attributable to noncontrolling interests 0 0
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company $ (1,203) $ 307