$BHF
Brighthouse Financial, Inc. Stock $bhf

$bhf Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000168504023000028 Filed on May 09, 2023

Income Statement

Concept	2023 Q2	2023 Q1
Revenue	$263.0M	$1.284B
YoY Change	-93.07%	-53.14%
Cost Of Revenue	$689.0M	$687.0M
YoY Change	-37.82%	-24.17%
Gross Profit	-$426.0M	$597.0M
YoY Change	-115.84%	-67.45%
Gross Profit Margin	-161.98%	46.5%
Selling, General & Admin	-$722.0M	$616.0M
YoY Change	-274.4%	58.76%
% of Gross Profit		103.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$502.0M	$478.0M
YoY Change	-15.06%	-6.27%
Operating Profit	-$928.0M	$119.0M
YoY Change	-144.23%	-91.01%
Interest Expense	-$38.00M	-$38.00M
YoY Change	0.0%	0.0%
% of Operating Profit		-31.93%
Other Income/Expense, Net
YoY Change
Pretax Income	-$237.0M	-$653.0M
YoY Change	-119.54%	-180.92%
Income Tax	-$62.00M	-$156.0M
% Of Pretax Income
Net Earnings	-$175.0M	-$499.0M
YoY Change	-117.8%	-177.97%
Net Earnings / Revenue	-66.54%	-38.86%
Basic Earnings Per Share	-$3.01	-$7.72
Diluted Earnings Per Share	-$3.01	-$7.72
COMMON SHARES
Basic Shares Outstanding	66.86M shares	67.70M shares
Diluted Shares Outstanding	66.72M shares	67.87M shares

Balance Sheet

Concept	2023 Q2	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$3.737B	$3.685B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$4.914B	$4.803B
YoY Change	4.93%	4.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$106.4B	$106.5B
YoY Change	0.59%	-2.16%
Other Assets	$1.897B	$1.673B
YoY Change	302.76%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets	$231.5B	$230.0B
YoY Change	1.46%	-6.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt	$3.156B	$3.157B
YoY Change	-0.03%	0.0%
Other Long-Term Liabilities	$16.57B	$16.96B
YoY Change	152.07%	255.84%
Total Long-Term Liabilities	$19.72B	$20.12B
YoY Change	102.71%	153.91%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities	$19.72B	$20.12B
Total Liabilities	$226.6B	$224.2B
YoY Change	3.95%	-3.44%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.069B	-$894.0M
YoY Change	-208.97%	44600.0%
Common Stock	$1.000M	$1.000M
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$2.183B	$2.119B
YoY Change	20.41%	26.06%
Treasury Stock Shares
Shareholders Equity	$4.907B	$5.754B
YoY Change
Total Liabilities & Shareholders Equity	$231.5B	$230.0B
YoY Change	1.46%	-6.14%

Cashflow Statement

Concept	2023 Q2	2023 Q1
OPERATING ACTIVITIES
Net Income	-$175.0M	-$499.0M
YoY Change	-117.8%	-177.97%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$128.0M	-$500.0M
YoY Change	-170.72%	206.75%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$334.0M	-$1.325B
YoY Change	-86.64%	-47.4%
Cash From Investing Activities	-$334.0M	-$1.325B
YoY Change	-86.64%	-47.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$0.00
YoY Change		-100.0%
Cash From Financing Activities	514.0M	$1.395B
YoY Change	-84.37%	-39.58%
NET CHANGE
Cash From Operating Activities	-128.0M	-$500.0M
Cash From Investing Activities	-334.0M	-$1.325B
Cash From Financing Activities	514.0M	$1.395B
Net Change In Cash	52.00M	-$430.0M
YoY Change	-94.64%	15.28%
FREE CASH FLOW
Cash From Operating Activities	-$128.0M	-$500.0M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001685040
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-37905
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	Brighthouse Financial, Inc.
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	81-3846992
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	11225 North Community House Road
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Charlotte
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	NC
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	28277
CY2023Q1	dei	City Area Code CityAreaCode	980
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	365-7100
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	66860519	shares
CY2023Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	84693000000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	84344000000	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	5000000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	7000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	77685000000	usd
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CY2022Q4	us-gaap	Equity Securities Fv Ni Current And Noncurrent EquitySecuritiesFvNiCurrentAndNoncurrent	89000000	usd
CY2023Q1	us-gaap	Allowance For Loan And Lease Losses Real Estate AllowanceForLoanAndLeaseLossesRealEstate	136000000	usd
CY2022Q4	us-gaap	Allowance For Loan And Lease Losses Real Estate AllowanceForLoanAndLeaseLossesRealEstate	119000000	usd
CY2023Q1	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	22823000000	usd
CY2022Q4	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	22936000000	usd
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CY2022Q4	us-gaap	Short Term Investments ShortTermInvestments	1081000000	usd
CY2023Q1	bhf	Leveraged Leases Allowance For Credit Losses LeveragedLeasesAllowanceForCreditLosses	13000000	usd
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CY2023Q1	us-gaap	Reinsurance Recoverables Allowance ReinsuranceRecoverablesAllowance	10000000	usd
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CY2023Q1	us-gaap	Premiums And Other Receivables Net PremiumsAndOtherReceivablesNet	18967000000	usd
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CY2023Q1	us-gaap	Deferred Policy Acquisition Costs And Value Of Business Acquired DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired	5027000000	usd
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CY2023Q1	us-gaap	Obligation To Return Securities Received As Collateral ObligationToReturnSecuritiesReceivedAsCollateral	4401000000	usd
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CY2023Q1	us-gaap	Separate Accounts Liability SeparateAccountsLiability	87440000000	usd
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CY2023Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2023Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2023Q1	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	1753000000	usd
CY2022Q4	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	1753000000	usd
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CY2022Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	127000000	usd
CY2022Q1	bhf	Share Based Compensation Transactions Increase Decrease ShareBasedCompensationTransactionsIncreaseDecrease	-5000000	usd
CY2022Q1	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	27000000	usd
CY2022Q1	us-gaap	Minority Interest Period Increase Decrease MinorityInterestPeriodIncreaseDecrease	-2000000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	1587000000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-2588000000	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7288000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-500000000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-199000000	usd
CY2023Q1	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	1474000000	usd
CY2022Q1	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	3715000000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Equity Securities Fv Ni ProceedsFromSaleOfEquitySecuritiesFvNi	2000000	usd
CY2022Q1	us-gaap	Proceeds From Sale Of Equity Securities Fv Ni ProceedsFromSaleOfEquitySecuritiesFvNi	20000000	usd
CY2023Q1	us-gaap	Proceeds From Sale And Collection Of Mortgage Notes Receivable ProceedsFromSaleAndCollectionOfMortgageNotesReceivable	262000000	usd
CY2022Q1	us-gaap	Proceeds From Sale And Collection Of Mortgage Notes Receivable ProceedsFromSaleAndCollectionOfMortgageNotesReceivable	461000000	usd
CY2023Q1	us-gaap	Proceeds From Limited Partnership Investments ProceedsFromLimitedPartnershipInvestments	37000000	usd
CY2022Q1	us-gaap	Proceeds From Limited Partnership Investments ProceedsFromLimitedPartnershipInvestments	67000000	usd
CY2023Q1	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	1840000000	usd
CY2022Q1	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	5532000000	usd
CY2023Q1	us-gaap	Payments To Acquire Equity Securities Fv Ni PaymentsToAcquireEquitySecuritiesFvNi	5000000	usd
CY2022Q1	us-gaap	Payments To Acquire Equity Securities Fv Ni PaymentsToAcquireEquitySecuritiesFvNi	0	usd
CY2023Q1	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	173000000	usd
CY2022Q1	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	1972000000	usd
CY2023Q1	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	121000000	usd
CY2022Q1	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	279000000	usd
CY2023Q1	bhf	Cashreceivedinconnectionwithfreestandingderivatives Cashreceivedinconnectionwithfreestandingderivatives	1106000000	usd
CY2022Q1	bhf	Cashreceivedinconnectionwithfreestandingderivatives Cashreceivedinconnectionwithfreestandingderivatives	1440000000	usd
CY2023Q1	bhf	Cash Paid In Connection With Freestanding Derivatives CashPaidInConnectionWithFreestandingDerivatives	1758000000	usd
CY2022Q1	bhf	Cash Paid In Connection With Freestanding Derivatives CashPaidInConnectionWithFreestandingDerivatives	1197000000	usd
CY2023Q1	us-gaap	Payments For Proceeds From Policy Loans PaymentsForProceedsFromPolicyLoans	-9000000	usd
CY2022Q1	us-gaap	Payments For Proceeds From Policy Loans PaymentsForProceedsFromPolicyLoans	5000000	usd
CY2023Q1	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	299000000	usd
CY2022Q1	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	-781000000	usd
CY2023Q1	bhf	Net Change In Other Invested Assets NetChangeInOtherInvestedAssets	19000000	usd
CY2022Q1	bhf	Net Change In Other Invested Assets NetChangeInOtherInvestedAssets	18000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1325000000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2519000000	usd
CY2023Q1	us-gaap	Proceeds From Annuities And Investment Certificates ProceedsFromAnnuitiesAndInvestmentCertificates	6864000000	usd
CY2022Q1	us-gaap	Proceeds From Annuities And Investment Certificates ProceedsFromAnnuitiesAndInvestmentCertificates	6356000000	usd
CY2023Q1	us-gaap	Repayments Of Annuities And Investment Certificates RepaymentsOfAnnuitiesAndInvestmentCertificates	5298000000	usd
CY2022Q1	us-gaap	Repayments Of Annuities And Investment Certificates RepaymentsOfAnnuitiesAndInvestmentCertificates	3707000000	usd
CY2023Q1	bhf	Net Change In Payables For Collateral Under Securities Loaned And Other Transactions NetChangeInPayablesForCollateralUnderSecuritiesLoanedAndOtherTransactions	-159000000	usd
CY2022Q1	bhf	Net Change In Payables For Collateral Under Securities Loaned And Other Transactions NetChangeInPayablesForCollateralUnderSecuritiesLoanedAndOtherTransactions	-60000000	usd
CY2023Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	usd
CY2022Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1000000	usd
CY2023Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	26000000	usd
CY2022Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	27000000	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	62000000	usd
CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	127000000	usd
CY2023Q1	us-gaap	Payments For Proceeds From Derivative Instrument Financing Activities PaymentsForProceedsFromDerivativeInstrumentFinancingActivities	-91000000	usd
CY2022Q1	us-gaap	Payments For Proceeds From Derivative Instrument Financing Activities PaymentsForProceedsFromDerivativeInstrumentFinancingActivities	76000000	usd
CY2023Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-15000000	usd
CY2022Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-13000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1395000000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2345000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-430000000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-373000000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4115000000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4474000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3685000000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4101000000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	6000000	usd
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	6000000	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-9000000	usd
CY2022Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1000000	usd
CY2023Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2023Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to adopt accounting policies and make estimates and assumptions that affect amounts reported on the interim condensed consolidated financial statements. In applying these policies and estimates, management makes subjective and complex judgments that frequently require assumptions about matters that are inherently uncertain. Many of these policies, estimates and related judgments are common in the insurance and financial services industries; others are specific to the Company’s business and operations. Actual results could differ from these estimates.</span></div>
CY2023Q1	us-gaap	Derivatives Embedded Derivatives DerivativesEmbeddedDerivatives	<div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Embedded Derivatives on Index-Linked Annuities</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company issues, and assumes through reinsurance, index-linked annuities which allow the policyholder to participate in returns from certain specified equity indices. The crediting rates associated with these features are classified as embedded derivatives and measured at estimated fair value, with changes in estimated fair value reported in net derivative gains (losses). These embedded derivatives are classified within policyholder account balances on the consolidated balance sheets.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Embedded derivative liabilities are required to be separated from the deferred annuity host contract and measured at fair value. The estimated fair value is determined using a combination of an option pricing model and an option-budget approach. Under this approach, the Company estimates the cost of funding the crediting rate using option pricing and establishes that cost on the balance sheet as a reduction to the initial deposit amount. The estimate of fair value includes an adjustment for nonperformance risk, as well as a risk margin.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Actuarial assumptions are reviewed at least annually, and if they change significantly, the estimated fair value is adjusted through net income. Capital market inputs used in the measurement of index-linked crediting rate embedded derivatives are updated quarterly through net income. The reduction to the initial deposit is accreted back up to the initial deposit over the estimated life of the contract. Embedded derivatives related to index-linked annuities are presented within policyholder account balances while changes in the estimated fair value are reported in net derivative gains (losses).</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For more information on the determination of estimated fair value of embedded derivatives, see Note 8.</span></div>
CY2022Q4	us-gaap	Assets Assets	224847000000	usd
CY2021Q4	us-gaap	Assets Assets	262257000000	usd
CY2022Q4	us-gaap	Liability For Future Policy Benefit After Reinsurance LiabilityForFuturePolicyBenefitAfterReinsurance	31497000000	usd
CY2021Q4	us-gaap	Liability For Future Policy Benefit After Reinsurance LiabilityForFuturePolicyBenefitAfterReinsurance	39990000000	usd
CY2022Q4	us-gaap	Policyholder Contract Deposits PolicyholderContractDeposits	73527000000	usd
CY2021Q4	us-gaap	Policyholder Contract Deposits PolicyholderContractDeposits	65249000000	usd
CY2022Q4	us-gaap	Market Risk Benefit Liability Amount MarketRiskBenefitLiabilityAmount	10389000000	usd
CY2021Q4	us-gaap	Market Risk Benefit Liability Amount MarketRiskBenefitLiabilityAmount	16034000000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	219249000000	usd
CY2021Q4	us-gaap	Liabilities Liabilities	253807000000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-395000000	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-4274000000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-6106000000	usd
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	47000000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5598000000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8450000000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	224847000000	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	262257000000	usd
CY2022	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	2435000000	usd
CY2021	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	2980000000	usd
CY2022	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-592000000	usd
CY2021	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-3983000000	usd
CY2022	us-gaap	Revenues Revenues	6873000000	usd
CY2021	us-gaap	Revenues Revenues	4976000000	usd
CY2022	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	2193000000	usd
CY2021	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	2746000000	usd
CY2022	us-gaap	Market Risk Benefit Change In Fair Value Gain Loss MarketRiskBenefitChangeInFairValueGainLoss	-4104000000	usd
CY2021	us-gaap	Market Risk Benefit Change In Fair Value Gain Loss MarketRiskBenefitChangeInFairValueGainLoss	-4134000000	usd
CY2022	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	2141000000	usd
CY2021	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	2967000000	usd
CY2022	us-gaap	Profit Loss ProfitLoss	3884000000	usd
CY2021	us-gaap	Profit Loss ProfitLoss	1648000000	usd
CY2023Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-525000000	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1558000000	usd
CY2023Q1	us-gaap	Revenues Revenues	1284000000	usd
CY2022Q1	us-gaap	Revenues Revenues	2013000000	usd
CY2023Q1	us-gaap	Assets Assets	230002000000	usd
CY2022Q4	us-gaap	Assets Assets	224847000000	usd
CY2023Q1	us-gaap	Liability For Future Policy Benefits LiabilityForFuturePolicyBenefits	32286000000	usd
CY2022Q1	us-gaap	Liability For Future Policy Benefits LiabilityForFuturePolicyBenefits	36373000000	usd
CY2023Q1	us-gaap	Policyholder Funds PolicyholderFunds	76120000000	usd
CY2022Q1	us-gaap	Policyholder Funds PolicyholderFunds	66711000000	usd
CY2023Q1	bhf	Variable Income Annuities VariableIncomeAnnuities	150000000	usd
CY2022Q1	bhf	Variable Income Annuities VariableIncomeAnnuities	161000000	usd
CY2023Q1	bhf	Pension Risk Transfer Annuities PensionRiskTransferAnnuities	18000000	usd
CY2022Q1	bhf	Pension Risk Transfer Annuities PensionRiskTransferAnnuities	20000000	usd
CY2023Q1	us-gaap	Separate Accounts Liability SeparateAccountsLiability	87440000000	usd
CY2022Q1	us-gaap	Separate Accounts Liability SeparateAccountsLiability	104441000000	usd
CY2023Q1	us-gaap	Separate Account Assets SeparateAccountAssets	87440000000	usd
CY2022Q4	us-gaap	Separate Account Assets SeparateAccountAssets	84965000000	usd
CY2023Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	84693000000	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	5000000	usd
CY2023Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	1130000000	usd
CY2023Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	8133000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	77685000000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	84344000000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	7000000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	752000000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	9512000000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	75577000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost	1556000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost	14307000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost	16379000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost	30916000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost	21535000000	usd
CY2023Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	84693000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	1528000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	13669000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue	14794000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue	27834000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue	19860000000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	77685000000	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	32294000000	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	2517000000	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	30336000000	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	5616000000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	52375000000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	6644000000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	11944000000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	2868000000	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions	4595
CY2023Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions	4746
CY2022Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions	7309
CY2022Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions	2049
CY2023Q1	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	5000000	usd
CY2023Q1	bhf	Debt Securities Available For Sale With Allowance For Credit Loss Number Of Positions DebtSecuritiesAvailableForSaleWithAllowanceForCreditLossNumberOfPositions	15
CY2023Q1	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	5000000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	7000000	usd
CY2023Q1	bhf	Debt Securities Available For Sale Writeoff DebtSecuritiesAvailableForSaleWriteoff	7000000	usd
CY2022Q1	bhf	Debt Securities Available For Sale Writeoff DebtSecuritiesAvailableForSaleWriteoff	2000000	usd
CY2022Q4	bhf	Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Derivatives NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossRelatedToDerivatives	638000000	usd
CY2023Q1	bhf	Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Other Investments NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossRelatedToOtherInvestments	-8000000	usd
CY2022Q4	bhf	Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Other Investments NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossRelatedToOtherInvestments	3000000	usd
CY2023Q1	bhf	Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Debt Securities That Were Temporarily Impaired NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossRelatedToDebtSecuritiesThatWereTemporarilyImpaired	-7003000000	usd
CY2022Q4	bhf	Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Debt Securities That Were Temporarily Impaired NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossRelatedToDebtSecuritiesThatWereTemporarilyImpaired	-8760000000	usd
CY2023Q1	bhf	Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Derivatives NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossRelatedToDerivatives	598000000	usd
CY2023Q1	bhf	Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Subtotal Of Investment Gains Losses Components NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossSubtotalOfInvestmentGainsLossesComponents	-6413000000	usd
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$BHF
Brighthouse Financial, Inc. Stock $bhf

2023 Q2 Form 10-Q Financial Statement

#000168504023000028 Filed on May 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BHF Brighthouse Financial, Inc. Stock $bhf

2023 Q2 Form 10-Q Financial Statement

#000168504023000028 Filed on May 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BHF
Brighthouse Financial, Inc. Stock $bhf