2023 Q4 Form 10-Q Financial Statement
#000168504023000073 Filed on November 08, 2023
Income Statement
| Concept | 2023 Q4 | 2023 Q3 |
|---|---|---|
| Revenue | $1.400B | $1.170B |
| YoY Change | 208.37% | -21.05% |
| Cost Of Revenue | $590.0M | |
| YoY Change | -52.65% | |
| Gross Profit | $580.0M | |
| YoY Change | 145.76% | |
| Gross Profit Margin | 49.57% | |
| Selling, General & Admin | $1.188B | -$525.0M |
| YoY Change | 132.94% | -198.68% |
| % of Gross Profit | -90.52% | |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $2.535B | $473.0M |
| YoY Change | 45.77% | -4.44% |
| Operating Profit | $107.0M | |
| YoY Change | -141.31% | |
| Interest Expense | -$39.00M | -$38.00M |
| YoY Change | 0.0% | 0.0% |
| % of Operating Profit | -35.51% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$1.174B | $590.0M |
| YoY Change | -11.33% | -167.97% |
| Income Tax | -$258.0M | $109.0M |
| % Of Pretax Income | 18.47% | |
| Net Earnings | -$942.0M | $479.0M |
| YoY Change | -2.59% | -170.75% |
| Net Earnings / Revenue | -67.29% | 40.94% |
| Basic Earnings Per Share | -$14.70 | $6.92 |
| Diluted Earnings Per Share | -$14.53 | $6.89 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 64.20M shares | 65.50M shares |
| Diluted Shares Outstanding | 65.74M shares |
Balance Sheet
| Concept | 2023 Q4 | 2023 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $3.851B | $3.839B |
| 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 | $4.946B | $4.931B |
| YoY Change | 3.58% | 7.03% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $111.2B | $103.7B |
| YoY Change | 2215.96% | -0.16% |
| Other Assets | $1.893B | $2.121B |
| YoY Change | 17.0% | 31.01% |
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $236.3B | $223.5B |
| YoY Change | 4.77% | 0.85% |
| 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 | 0.0% | 0.03% |
| Other Long-Term Liabilities | $18.76B | $17.03B |
| YoY Change | 165.9% | 119.29% |
| Total Long-Term Liabilities | $21.92B | $20.19B |
| YoY Change | 114.63% | 84.83% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | ||
| Total Long-Term Liabilities | $21.92B | $20.19B |
| Total Liabilities | $231.4B | $219.4B |
| YoY Change | 5.4% | 1.68% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$1.507B | -$590.0M |
| YoY Change | 136.58% | -294.08% |
| Common Stock | $1.000M | $1.000M |
| YoY Change | 0.0% | 0.0% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $2.309B | $2.248B |
| YoY Change | 13.08% | 15.34% |
| Treasury Stock Shares | ||
| Shareholders Equity | $4.943B | $4.069B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $236.3B | $223.5B |
| YoY Change | 4.77% | 0.85% |
Cashflow Statement
| Concept | 2023 Q4 | 2023 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$942.0M | $479.0M |
| YoY Change | -2.59% | -170.75% |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | $152.0M | $339.0M |
| YoY Change | -171.7% | -135.42% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$552.0M | -$985.0M |
| YoY Change | -18.82% | -61.78% |
| Cash From Investing Activities | -$552.0M | -$985.0M |
| YoY Change | -18.82% | -61.78% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 412.0M | 748.0M |
| YoY Change | 92.52% | -77.03% |
| NET CHANGE | ||
| Cash From Operating Activities | 152.0M | 339.0M |
| Cash From Investing Activities | -552.0M | -985.0M |
| Cash From Financing Activities | 412.0M | 748.0M |
| Net Change In Cash | 12.00M | 102.0M |
| YoY Change | -101.77% | -136.69% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $152.0M | $339.0M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q3 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
26000000 | usd |
| us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
53000000 | usd | |
| CY2022Q3 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
25000000 | usd |
| 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 |
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | segment | |
| CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
388000000 | usd |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-272000000 | usd | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3665000000 | usd | |
| CY2023Q3 | us-gaap |
Revenues
Revenues
|
1170000000 | usd |
| CY2022Q3 | us-gaap |
Revenues
Revenues
|
1121000000 | usd |
| us-gaap |
Revenues
Revenues
|
2717000000 | usd | |
| us-gaap |
Revenues
Revenues
|
7000000000 | usd | |
| CY2023Q3 | us-gaap |
Assets
Assets
|
223516000000 | usd |
| CY2022Q4 | us-gaap |
Assets
Assets
|
224847000000 | usd |
| us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
51000000 | usd | |
| CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
453000000 | usd |
| CY2022 | bhf |
Mean Reversion Rate
MeanReversionRate
|
0.0350 | |
| bhf |
Mean Reversion Rate
MeanReversionRate
|
0.0375 | ||
| CY2021 | bhf |
Mean Reversion Rate
MeanReversionRate
|
0.0300 | |
| bhf |
Mean Reversion Rate
MeanReversionRate
|
0.0350 | ||
| CY2023Q3 | us-gaap |
Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
|
30404000000 | usd |
| CY2022Q3 | us-gaap |
Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
|
32016000000 | usd |
| CY2023Q3 | us-gaap |
Policyholder Funds
PolicyholderFunds
|
78371000000 | usd |
| CY2022Q3 | us-gaap |
Policyholder Funds
PolicyholderFunds
|
69749000000 | usd |
| CY2023Q3 | bhf |
Variable Income Annuities
VariableIncomeAnnuities
|
152000000 | usd |
| CY2022Q3 | bhf |
Variable Income Annuities
VariableIncomeAnnuities
|
137000000 | usd |
| CY2023Q3 | bhf |
Pension Risk Transfer Annuities
PensionRiskTransferAnnuities
|
18000000 | usd |
| CY2022Q3 | bhf |
Pension Risk Transfer Annuities
PensionRiskTransferAnnuities
|
15000000 | usd |
| CY2023Q3 | us-gaap |
Separate Accounts Liability
SeparateAccountsLiability
|
82675000000 | usd |
| CY2022Q3 | us-gaap |
Separate Accounts Liability
SeparateAccountsLiability
|
81838000000 | usd |
| CY2023Q3 | us-gaap |
Separate Account Assets
SeparateAccountAssets
|
82675000000 | usd |
| CY2022Q4 | us-gaap |
Separate Account Assets
SeparateAccountAssets
|
84965000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
86373000000 | usd |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
22000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
266000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
11184000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
75433000000 | 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
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75577000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
2207000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
16877000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
|
15314000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
|
30334000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
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21641000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
86373000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
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2163000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
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15977000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
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13185000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
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24635000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
|
19473000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
75433000000 | usd |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
19136000000 | usd |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
1656000000 | usd |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
48487000000 | usd |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
9528000000 | 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 |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
|
2938 | |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
|
7027 | |
| 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 | |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
22000000 | usd |
| CY2023Q3 | bhf |
Debt Securities Available For Sale With Allowance For Credit Loss Number Of Positions
DebtSecuritiesAvailableForSaleWithAllowanceForCreditLossNumberOfPositions
|
24 | |
| CY2022Q4 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
7000000 | usd |
| us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
|
18000000 | usd | |
| us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
|
2000000 | usd | |
| us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
|
0 | usd | |
| us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Writeoff
DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff
|
1000000 | usd | |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
22000000 | usd |
| CY2021Q4 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
11000000 | usd |
| us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
|
1000000 | usd | |
| us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
|
1000000 | usd | |
| us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
|
1000000 | usd | |
| us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Writeoff
DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff
|
7000000 | usd | |
| CY2022Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
5000000 | usd |
| bhf |
Debt Securities Available For Sale Writeoff
DebtSecuritiesAvailableForSaleWriteoff
|
8000000 | usd | |
| bhf |
Debt Securities Available For Sale Writeoff
DebtSecuritiesAvailableForSaleWriteoff
|
10000000 | usd | |
| CY2023Q3 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Debt Securities That Were Temporarily Impaired
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossRelatedToDebtSecuritiesThatWereTemporarilyImpaired
|
-10918000000 | 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 |
| CY2023Q3 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Derivatives
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossRelatedToDerivatives
|
509000000 | usd |
| CY2022Q4 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Derivatives
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossRelatedToDerivatives
|
638000000 | usd |
| CY2023Q3 | 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 |
| CY2023Q3 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Subtotal Of Investment Gains Losses Components
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossSubtotalOfInvestmentGainsLossesComponents
|
-10417000000 | usd |
| CY2022Q4 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Subtotal Of Investment Gains Losses Components
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossSubtotalOfInvestmentGainsLossesComponents
|
-8119000000 | usd |
| CY2023Q3 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Allocated From Insurance Liability Loss Recognition
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossAllocatedFromInsuranceLiabilityLossRecognition
|
1290000000 | usd |
| CY2022Q4 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Allocated From Insurance Liability Loss Recognition
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossAllocatedFromInsuranceLiabilityLossRecognition
|
917000000 | usd |
| CY2023Q3 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Deferred Income Tax Benefit Expense
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossRelatedToDeferredIncomeTaxBenefitExpense
|
1917000000 | usd |
| CY2022Q4 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Deferred Income Tax Benefit Expense
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossRelatedToDeferredIncomeTaxBenefitExpense
|
1512000000 | usd |
| CY2023Q3 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLoss
|
-7210000000 | usd |
| CY2022Q4 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLoss
|
-5690000000 | usd |
| CY2022Q4 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Attributable To Company
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossAttributableToCompany
|
-5690000000 | usd |
| bhf |
Changes In Net Unrealized Investment Gains Losses Related To Unrealized Investment Gains Losses During Period
ChangesInNetUnrealizedInvestmentGainsLossesRelatedToUnrealizedInvestmentGainsLossesDuringPeriod
|
-2298000000 | usd | |
| bhf |
Changes In Net Unrealized Investment Gains Losses Related To Insurance Liability Gain Loss Recognition
ChangesInNetUnrealizedInvestmentGainsLossesRelatedToInsuranceLiabilityGainLossRecognition
|
373000000 | usd | |
| bhf |
Income Tax Expense On Change In Unrealized Gain Or Loss
IncomeTaxExpenseOnChangeInUnrealizedGainOrLoss
|
-405000000 | usd | |
| CY2023Q3 | bhf |
Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Attributable To Company
NetUnrealizedInvestmentGainsLossesIncludedInAccumulatedOtherComprehensiveIncomeLossAttributableToCompany
|
-7210000000 | usd |
| bhf |
Changes In Net Unrealized Investment Gains Losses Attributable To Company
ChangesInNetUnrealizedInvestmentGainsLossesAttributableToCompany
|
-1520000000 | usd | |
| CY2023Q3 | us-gaap |
Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
|
3171000000 | usd |
| CY2022Q4 | us-gaap |
Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
|
3731000000 | usd |
| CY2023Q3 | bhf |
Securities Lending Reinvestment Portfolio Estimated Fair Value
SecuritiesLendingReinvestmentPortfolioEstimatedFairValue
|
3051000000 | usd |
| CY2022Q4 | bhf |
Securities Lending Reinvestment Portfolio Estimated Fair Value
SecuritiesLendingReinvestmentPortfolioEstimatedFairValue
|
3603000000 | usd |
| CY2023Q3 | us-gaap |
Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
|
3171000000 | usd |
| CY2022Q4 | us-gaap |
Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
|
3731000000 | usd |
| CY2023Q3 | us-gaap |
Securities Loaned Not Subject To Master Netting Arrangement
SecuritiesLoanedNotSubjectToMasterNettingArrangement
|
699000000 | usd |
| CY2023Q3 | bhf |
Percentageof Reinvestment Portfolio Invested In Liquid Assets
PercentageofReinvestmentPortfolioInvestedInLiquidAssets
|
0.58 | |
| CY2023Q3 | us-gaap |
Deposit Assets
DepositAssets
|
7863000000 | usd |
| CY2022Q4 | us-gaap |
Deposit Assets
DepositAssets
|
7999000000 | usd |
| CY2023Q3 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
5536000000 | usd |
| CY2022Q4 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
5621000000 | usd |
| CY2023Q3 | bhf |
Invested Assets Pledged As Collateral
InvestedAssetsPledgedAsCollateral
|
14260000000 | usd |
| CY2022Q4 | bhf |
Invested Assets Pledged As Collateral
InvestedAssetsPledgedAsCollateral
|
13920000000 | usd |
| CY2023Q3 | bhf |
Invested Assets On Deposit Held In Trust And Pledged As Collateral
InvestedAssetsOnDepositHeldInTrustAndPledgedAsCollateral
|
27659000000 | usd |
| CY2022Q4 | bhf |
Invested Assets On Deposit Held In Trust And Pledged As Collateral
InvestedAssetsOnDepositHeldInTrustAndPledgedAsCollateral
|
27540000000 | usd |
| CY2023Q3 | us-gaap |
Gross Investment Income Operating
GrossInvestmentIncomeOperating
|
1293000000 | usd |
| CY2022Q3 | us-gaap |
Gross Investment Income Operating
GrossInvestmentIncomeOperating
|
948000000 | usd |
| us-gaap |
Gross Investment Income Operating
GrossInvestmentIncomeOperating
|
3731000000 | usd | |
| us-gaap |
Gross Investment Income Operating
GrossInvestmentIncomeOperating
|
3251000000 | usd | |
| CY2023Q3 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
91000000 | usd |
| CY2022Q3 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
71000000 | usd |
| us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
274000000 | usd | |
| us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
162000000 | usd | |
| CY2023Q3 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
1202000000 | usd |
| CY2022Q3 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
877000000 | usd |
| us-gaap |
Net Investment Income
NetInvestmentIncome
|
3457000000 | usd | |
| us-gaap |
Net Investment Income
NetInvestmentIncome
|
3089000000 | usd | |
| CY2023Q3 | us-gaap |
Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
|
-17000000 | usd |
| CY2023Q3 | bhf |
Gains Losses Deferred In Accumulated Other Comprehensive Income Loss On Derivatives Effective Portion
GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeLossOnDerivativesEffectivePortion
|
-33000000 | usd |
| CY2022Q3 | us-gaap |
Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
|
-29000000 | usd |
| CY2022Q3 | bhf |
Gains Losses Deferred In Accumulated Other Comprehensive Income Loss On Derivatives Effective Portion
GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeLossOnDerivativesEffectivePortion
|
333000000 | usd |
| us-gaap |
Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
|
-18000000 | usd | |
| bhf |
Gains Losses Deferred In Accumulated Other Comprehensive Income Loss On Derivatives Effective Portion
GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeLossOnDerivativesEffectivePortion
|
-123000000 | usd | |
| us-gaap |
Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
|
-70000000 | usd | |
| bhf |
Gains Losses Deferred In Accumulated Other Comprehensive Income Loss On Derivatives Effective Portion
GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeLossOnDerivativesEffectivePortion
|
617000000 | usd | |
| CY2023Q3 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-53000000 | usd |
| CY2022Q3 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-45000000 | usd |
| us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-213000000 | usd | |
| us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-179000000 | usd | |
| CY2023Q3 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
494000000 | usd |
| CY2022Q3 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
1146000000 | usd |
| us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
1771000000 | usd | |
| us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
5261000000 | usd | |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
1000000 | usd |
| CY2022Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
1000000 | usd |
| us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
12000000 | usd | |
| us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
47000000 | usd | |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
44000000 | usd |
| CY2022Q3 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
38000000 | usd |
| us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
173000000 | usd | |
| us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
181000000 | usd | |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
-43000000 | usd |
| CY2022Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
-37000000 | usd |
| us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
-161000000 | usd | |
| us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
-134000000 | usd | |
| CY2023Q3 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
166748000000 | usd |
| CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
2516000000 | usd |
| CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
4991000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
116991000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
2284000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
3920000000 | usd |
| CY2022 | us-gaap |
Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
|
P1Y | |
| CY2023Q3 | bhf |
Derivative Aoci Associated With Cash Flow Hedges Pre Tax
DerivativeAOCIAssociatedWithCashFlowHedgesPreTax
|
509000000 | usd |
| CY2022Q4 | bhf |
Derivative Aoci Associated With Cash Flow Hedges Pre Tax
DerivativeAOCIAssociatedWithCashFlowHedgesPreTax
|
638000000 | usd |
| CY2023Q3 | us-gaap |
Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
|
20000000 | usd |
| CY2023Q3 | us-gaap |
Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
|
1530000000 | usd |
| us-gaap |
Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
|
P3Y9M18D | ||
| CY2022Q4 | us-gaap |
Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
|
16000000 | usd |
| CY2022Q4 | us-gaap |
Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
|
1757000000 | usd |
| CY2022 | us-gaap |
Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
|
P4Y1M6D | |
| CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
2735000000 | usd |
| CY2023Q3 | us-gaap |
Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
|
2028000000 | usd |
| CY2023Q3 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
688000000 | usd |
| CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
|
19000000 | usd |
| CY2023Q3 | bhf |
Derivative Asset Collateral Obligation To Return Securities Offset
DerivativeAssetCollateralObligationToReturnSecuritiesOffset
|
6000000 | usd |
| CY2023Q3 | us-gaap |
Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
13000000 | usd |
| CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
5214000000 | usd |
| CY2023Q3 | us-gaap |
Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
|
2028000000 | usd |
| CY2023Q3 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
0 | usd |
| CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
|
3186000000 | usd |
| CY2023Q3 | bhf |
Derivative Liability Collateral Right To Reclaim Securities Offset
DerivativeLiabilityCollateralRightToReclaimSecuritiesOffset
|
3186000000 | usd |
| CY2023Q3 | us-gaap |
Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
0 | usd |
| CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
2308000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
|
1659000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
640000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
|
9000000 | usd |
| CY2022Q4 | bhf |
Derivative Asset Collateral Obligation To Return Securities Offset
DerivativeAssetCollateralObligationToReturnSecuritiesOffset
|
6000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
3000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
3919000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
|
1659000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
7000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
|
2253000000 | usd |
| CY2022Q4 | bhf |
Derivative Liability Collateral Right To Reclaim Securities Offset
DerivativeLiabilityCollateralRightToReclaimSecuritiesOffset
|
2251000000 | usd |
| CY2022Q4 | us-gaap |
Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
2000000 | usd |
| CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
| CY2023Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
| CY2023Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
70100 | shares |
| CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
70100 | shares |
| CY2023Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
70100 | shares |
| CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
70100 | shares |
| CY2023Q3 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
26000000 | usd |
| CY2022Q3 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
25000000 | usd |
| us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
77000000 | usd | |
| us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
78000000 | usd | |
| CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-5881000000 | usd |
| CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-1613000000 | usd |
| CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
339000000 | usd |
| CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-7155000000 | usd |
| CY2023Q3 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-51000000 | usd |
| CY2023Q3 | us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
12000000 | usd |
| CY2023Q3 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-39000000 | usd |
| CY2023Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-7116000000 | usd |
| CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-4176000000 | usd |
| CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-3645000000 | usd |
| CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
766000000 | usd |
| CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-7055000000 | usd |
| CY2022Q3 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-51000000 | usd |
| CY2022Q3 | us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
11000000 | usd |
| CY2022Q3 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-40000000 | usd |
| CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-7015000000 | usd |
| CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-6106000000 | usd |
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-1450000000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
305000000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-7251000000 | usd | |
| us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-172000000 | usd | |
| us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
37000000 | usd | |
| us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-135000000 | usd | |
| CY2023Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-7116000000 | usd |
| CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
47000000 | usd |
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-9109000000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
1913000000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-7149000000 | usd | |
| us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-170000000 | usd | |
| us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
36000000 | usd | |
| us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-134000000 | usd | |
| CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-7015000000 | usd |
| CY2023Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
98000000 | usd |
| CY2022Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
89000000 | usd |
| us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
302000000 | usd | |
| us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
254000000 | usd | |
| CY2023Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
73000000 | usd |
| CY2022Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
73000000 | usd |
| us-gaap |
Professional Fees
ProfessionalFees
|
221000000 | usd | |
| us-gaap |
Professional Fees
ProfessionalFees
|
197000000 | usd | |
| CY2023Q3 | bhf |
Transition Services Agreements
TransitionServicesAgreements
|
7000000 | usd |
| CY2022Q3 | bhf |
Transition Services Agreements
TransitionServicesAgreements
|
15000000 | usd |
| bhf |
Transition Services Agreements
TransitionServicesAgreements
|
26000000 | usd | |
| bhf |
Transition Services Agreements
TransitionServicesAgreements
|
44000000 | usd | |
| CY2023Q3 | bhf |
Establishment Costs
EstablishmentCosts
|
0 | usd |
| CY2022Q3 | bhf |
Establishment Costs
EstablishmentCosts
|
21000000 | usd |
| bhf |
Establishment Costs
EstablishmentCosts
|
0 | usd | |
| bhf |
Establishment Costs
EstablishmentCosts
|
47000000 | usd | |
| CY2023Q3 | us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
15000000 | usd |
| CY2022Q3 | us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
13000000 | usd |
| us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
49000000 | usd | |
| us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
41000000 | usd | |
| CY2023Q3 | us-gaap |
Custody Fees
CustodyFees
|
93000000 | usd |
| CY2022Q3 | us-gaap |
Custody Fees
CustodyFees
|
98000000 | usd |
| us-gaap |
Custody Fees
CustodyFees
|
277000000 | usd | |
| us-gaap |
Custody Fees
CustodyFees
|
314000000 | usd | |
| CY2023Q3 | us-gaap |
Cost Of Goods And Services Sold Overhead
CostOfGoodsAndServicesSoldOverhead
|
129000000 | usd |
| CY2022Q3 | us-gaap |
Cost Of Goods And Services Sold Overhead
CostOfGoodsAndServicesSoldOverhead
|
130000000 | usd |
| us-gaap |
Cost Of Goods And Services Sold Overhead
CostOfGoodsAndServicesSoldOverhead
|
409000000 | usd | |
| us-gaap |
Cost Of Goods And Services Sold Overhead
CostOfGoodsAndServicesSoldOverhead
|
374000000 | usd | |
| CY2023Q3 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
38000000 | usd |
| CY2022Q3 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
38000000 | usd |
| us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
114000000 | usd | |
| us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
114000000 | usd | |
| CY2023Q3 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
20000000 | usd |
| CY2022Q3 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
18000000 | usd |
| us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
55000000 | usd | |
| us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
211000000 | usd | |
| CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
473000000 | usd |
| CY2022Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
495000000 | usd |
| us-gaap |
Operating Expenses
OperatingExpenses
|
1453000000 | usd | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
1596000000 | usd | |
| CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
453000000 | usd |
| CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
388000000 | usd |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-272000000 | usd | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3665000000 | usd | |
| CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65408241 | shares |
| CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
71517500 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
66658796 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
74294329 | shares | |
| CY2023Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
336110 | shares |
| CY2022Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
441880 | shares |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
482846 | shares | |
| CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
65744351 | shares |
| CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
71959380 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
66658796 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
74777175 | shares | |
| CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
6.92 | |
| CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
5.42 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-4.08 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
49.31 | ||
| CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
6.89 | |
| CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
5.39 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-4.08 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
49.00 | ||
| CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
187371 | shares |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
187371 | shares | |
| CY2022Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
187371 | shares |
| CY2023Q3 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
98000000 | usd |
| CY2023Q3 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
1000000 | usd |
| CY2022Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
1000000 | usd |
| CY2023Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2023Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2023Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2023Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
