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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $78,425 and $70,529, respectively; allowance for credit losses of $7 and $2, respectively) $ 87,074 $ 82,495
Equity securities, at estimated fair value 90 138
Mortgage loans (net of allowance for credit losses of $100 and $94, respectively) 18,267 15,808
Policy loans 1,264 1,291
Limited partnerships and limited liability companies 3,959 2,810
Short-term investments, principally at estimated fair value 1,892 3,242
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $13, respectively) 2,774 3,747
Total investments 115,320 109,531
Cash and cash equivalents 4,108 4,108
Accrued investment income 764 676
Premiums, reinsurance and other receivables (net of allowance for credit losses of $10 and $10, respectively) 16,298 16,158
Deferred policy acquisition costs and value of business acquired 5,356 4,911
Other assets 484 516
Separate account assets 112,361 111,969
Total assets 254,691 247,869
Liabilities    
Future policy benefits 43,795 44,448
Policyholder account balances 63,748 54,508
Other policy-related balances 3,406 3,411
Payables for collateral under securities loaned and other transactions 5,639 5,252
Long-term debt 3,436 3,436
Current income tax payable 148 126
Deferred income tax liability 1,120 1,620
Other liabilities 4,942 5,011
Separate account liabilities 112,361 111,969
Total liabilities 238,595 229,781
Contingencies, Commitments and Guarantees (Note 10)
Brighthouse Financial, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $1,403 aggregate liquidation preference 0 0
Common stock, par value $0.01 per share; 1,000,000,000 shares authorized; 121,495,849 and 121,002,523 shares issued, respectively; 80,952,682 and 88,211,618 shares outstanding, respectively 1 1
Additional paid-in capital 13,830 13,878
Retained earnings (deficit) (705) (534)
Treasury stock, at cost; 40,543,167 and 32,790,905 shares, respectively (1,385) (1,038)
Accumulated other comprehensive income (loss) 4,290 5,716
Total Brighthouse Financial, Inc.’s stockholders’ equity 16,031 18,023
Noncontrolling interests 65 65
Total equity 16,096 18,088
Total liabilities and equity $ 254,691 $ 247,869