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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $84,344 and $79,246, respectively; allowance for credit losses of $7 and $11, respectively) $ 75,577 $ 87,582
Equity securities, at estimated fair value 89 101
Mortgage loans (net of allowance for credit losses of $119 and $123, respectively) 22,936 19,850
Policy loans 1,282 1,264
Limited partnerships and limited liability companies 4,775 4,271
Short-term investments, principally at estimated fair value 1,081 1,841
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $13, respectively) 2,852 3,316
Total investments 108,592 118,225
Cash and cash equivalents 4,115 4,474
Accrued investment income 885 724
Premiums, reinsurance and other receivables (net of allowance for credit losses of $10 and $10, respectively) 19,266 16,094
Deferred policy acquisition costs and value of business acquired 5,659 5,377
Current income tax recoverable 38 0
Deferred income tax asset 1,618 0
Other assets 442 482
Separate account assets 84,965 114,464
Total assets 225,580 259,840
Liabilities    
Future policy benefits 41,569 43,807
Policyholder account balances 74,836 66,851
Other policy-related balances 3,400 3,457
Payables for collateral under securities loaned and other transactions 4,560 6,269
Long-term debt 3,156 3,157
Current income tax payable 0 62
Deferred income tax liability 0 1,062
Other liabilities 7,056 4,504
Separate account liabilities 84,965 114,464
Total liabilities 219,542 243,633
Contingencies, Commitments and Guarantees (Note 15)
Brighthouse Financial, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $1,753 aggregate liquidation preference 0 0
Common stock, par value $0.01 per share; 1,000,000,000 shares authorized; 122,153,422 and 121,513,442 shares issued, respectively; 68,278,068 and 77,870,072 shares outstanding, respectively 1 1
Additional paid-in capital 14,075 14,154
Retained earnings (deficit) (637) (642)
Treasury stock, at cost; 53,875,354 and 43,643,370 shares, respectively (2,042) (1,543)
Accumulated other comprehensive income (loss) (5,424) 4,172
Total Brighthouse Financial, Inc.’s stockholders’ equity 5,973 16,142
Noncontrolling interests 65 65
Total equity 6,038 16,207
Total liabilities and equity $ 225,580 $ 259,840