Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

17. Quarterly Results of Operations (Unaudited)

The unaudited quarterly results of operations for 2019 and 2018 are summarized in the table below:

	Three Months Ended
	March 31,			June 30,			September 30,			December 31,
	(In millions, except per share data)
2019
Total revenues	$	691		$	2,370		$	3,187		$	306
Total expenses	$	1,644		$	1,901		$	2,383		$	1,678
Net income (loss)	$	(735	)	$	384		$	685		$	(1,069	)
Less: Net Income (loss) attributable to noncontrolling interests	$	2		$	—		$	2		$	1
Net income (loss) attributable to Brighthouse Financial, Inc.	$	(737	)	$	384		$	683		$	(1,070	)
Less: Preferred stock dividends	$	—		$	7		$	7		$	7
Net Income (loss) available to Brighthouse Financial, Inc.’s common shareholders	$	(737	)	$	377		$	676		$	(1,077	)
Basic earnings per common share (1)	$	(6.31	)	$	3.28		$	6.09		$	(10.02	)
Diluted earnings per common share (1)	$	(6.31	)	$	3.27		$	6.06		$	(10.02	)
2018
Total revenues	$	1,815		$	1,702		$	1,422		$	4,026
Total expenses	$	1,928		$	2,019		$	1,790		$	2,239
Net income (loss)	$	(65	)	$	(238	)	$	(269	)	$	1,442
Less: Net Income (loss) attributable to noncontrolling interests	$	2		$	1		$	2		$	—
Net income (loss) attributable to Brighthouse Financial, Inc.	$	(67	)	$	(239	)	$	(271	)	$	1,442
Less: Preferred stock dividends	$	—		$	—		$	—		$	—
Net Income (loss) available to Brighthouse Financial, Inc.’s common shareholders	$	(67	)	$	(239	)	$	(271	)	$	1,442
Basic earnings per common share (1)	$	(0.56	)	$	(2.01	)	$	(2.26	)	$	12.18
Diluted earnings per common share (1)	$	(0.56	)	$	(2.01	)	$	(2.26	)	$	12.14

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(1)

See Note 14 for additional information on the calculation of EPS.