v3.22.2
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions |
3 Months Ended |
6 Months Ended |
|
|
|
|
Revenues |
|
|
|
|
Premiums |
$ 167
|
$ 162
|
$ 333
|
$ 346
|
Universal life and investment-type product policy fees |
784
|
919
|
1,625
|
1,849
|
Net investment income |
1,061
|
1,212
|
2,212
|
2,399
|
Other revenues |
118
|
101
|
255
|
228
|
Net investment gains (losses) |
(66)
|
(34)
|
(134)
|
(20)
|
Net derivative gains (losses) |
1,733
|
(684)
|
2,246
|
(2,188)
|
Total revenues |
3,797
|
1,676
|
6,537
|
2,614
|
Expenses |
|
|
|
|
Policyholder benefits and claims |
1,108
|
752
|
2,014
|
1,508
|
Interest credited to policyholder account balances |
319
|
287
|
609
|
584
|
Amortization of deferred policy acquisition costs and value of business acquired |
566
|
8
|
793
|
99
|
Other expenses |
591
|
608
|
1,101
|
1,170
|
Total expenses |
2,584
|
1,655
|
4,517
|
3,361
|
Income (loss) before provision for income tax |
1,213
|
21
|
2,020
|
(747)
|
Provision for income tax expense (benefit) |
230
|
(10)
|
395
|
(195)
|
Net income (loss) |
983
|
31
|
1,625
|
(552)
|
Less: Net income (loss) attributable to noncontrolling interests |
0
|
0
|
2
|
2
|
Net income (loss) attributable to Brighthouse Financial, Inc. |
983
|
31
|
1,623
|
(554)
|
Less: Preferred stock dividends |
26
|
21
|
53
|
46
|
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders |
957
|
10
|
1,570
|
(600)
|
Comprehensive income (loss) |
(2,471)
|
1,238
|
(5,638)
|
(1,672)
|
Less: Comprehensive income (loss) attributable to noncontrolling interests |
0
|
0
|
2
|
2
|
Comprehensive income (loss) attributable to Brighthouse Financial, Inc. |
$ (2,471)
|
$ 1,238
|
$ (5,640)
|
$ (1,674)
|
Earnings per common share |
|
|
|
|
Basic |
$ 12.84
|
$ 0.12
|
$ 20.74
|
$ (6.93)
|
Diluted |
$ 12.77
|
$ 0.11
|
$ 20.62
|
$ (6.93)
|
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