v3.26.1
Segment Information (Operating Results) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Total revenues $ 1,622 $ 871 $ 3,149 $ 3,261
Policyholder benefits and claims 591 711 1,228 1,360
Interest credited to policyholder account balances, excluding market value adjustments 531 537 1,024 1,098
Amortization of DAC and VOBA 157 149 315 297
Provision for income tax expense (benefit) 245 8 23 (80)
Net income (loss) attributable to noncontrolling interests 0 0 2 2
Preferred stock dividends 25 25 51 51
Net investment gains (losses) (6) (39) (58) (122)
Investment gains (losses) on trading securities 1,241 1,285 2,499 2,582
Change in market risk benefits 1,370 1,101 622 208
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders 956 60 164 (234)
Annuities        
Segment Reporting [Line Items]        
Interest revenue 799 757 1,570 1,510
Life        
Segment Reporting [Line Items]        
Interest revenue 66 97 164 204
Run-off        
Segment Reporting [Line Items]        
Interest revenue 242 283 510 555
Corporate & Other        
Segment Reporting [Line Items]        
Interest revenue 132 155 263 314
Operating Segments        
Segment Reporting [Line Items]        
Total revenues 1,622 871 3,149 3,261
Adjusted earnings (loss) 258 198 497 433
Operating Segments | Annuities        
Segment Reporting [Line Items]        
Total revenues 852 202 1,651 1,792
Revenues excluded from adjusted earnings (522) (1,129) (1,078) (883)
Policyholder benefits and claims 119 98 243 208
Interest credited to policyholder account balances, excluding market value adjustments 345 354 679 712
Amortization of DAC and VOBA 137 127 274 253
Interest expense on debt 0 0 0 0
Other expenses 342 342 702 705
Provision for income tax expense (benefit) 82 78 158 151
Net income (loss) attributable to noncontrolling interests 0 0 0 0
Preferred stock dividends 0 0 0 0
Adjusted earnings (loss) 349 332 673 646
Operating Segments | Life        
Segment Reporting [Line Items]        
Total revenues 265 269 506 550
Revenues excluded from adjusted earnings 12 (14) 5 (24)
Policyholder benefits and claims 148 213 318 400
Interest credited to policyholder account balances, excluding market value adjustments 29 28 58 55
Amortization of DAC and VOBA 20 22 41 44
Interest expense on debt 0 0 0 0
Other expenses 63 53 99 98
Provision for income tax expense (benefit) (3) (7) (5) (6)
Net income (loss) attributable to noncontrolling interests 0 0 0 0
Preferred stock dividends 0 0 0 0
Adjusted earnings (loss) (4) (26) (10) (17)
Operating Segments | Run-off        
Segment Reporting [Line Items]        
Total revenues 358 209 712 577
Revenues excluded from adjusted earnings 19 (173) 10 (172)
Policyholder benefits and claims 324 400 667 752
Interest credited to policyholder account balances, excluding market value adjustments 62 58 115 118
Amortization of DAC and VOBA 0 0 0 0
Interest expense on debt 0 0 0 0
Other expenses 23 29 51 65
Provision for income tax expense (benefit) (14) (22) (27) (39)
Net income (loss) attributable to noncontrolling interests 0 0 0 0
Preferred stock dividends 0 0 0 0
Adjusted earnings (loss) (56) (83) (104) (147)
Operating Segments | Corporate & Other        
Segment Reporting [Line Items]        
Total revenues 147 191 280 342
Revenues excluded from adjusted earnings 10 33 11 30
Policyholder benefits and claims 0 0 0 0
Interest credited to policyholder account balances, excluding market value adjustments 91 103 181 209
Amortization of DAC and VOBA 0 0 0 0
Interest expense on debt 38 38 76 76
Other expenses 21 20 36 31
Provision for income tax expense (benefit) (7) (3) (15) (8)
Net income (loss) attributable to noncontrolling interests 0 0 2 2
Preferred stock dividends 25 25 51 51
Adjusted earnings (loss) (31) (25) (62) (49)
Segment Reconciling Items        
Segment Reporting [Line Items]        
Interest credited to policyholder account balances, excluding market value adjustments (4) 6 9 (4)
Provision for income tax expense (benefit) (187) 38 88 178
Net investment gains (losses) (6) (39) (58) (122)
Investment gains (losses) on trading securities 2 (6) (8) 0
Net derivative gains (losses), excluding investment hedge adjustments (477) (1,238) (986) (927)
Investment hedge adjustments 0 (1) 0 (1)
Change in market risk benefits $ 1,370 $ 1,101 $ 622 $ 208