BRIGHTHOUSE LIFE INSURANCE CO OF NY financial statements (2021 and earlier)

Company profile

Business Address 285 MADISON AVENUE, 14TH FLOOR
NEW YORK, NY 10017
State of Incorp. NY
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3462001208619
Cash and cash equivalents2751481208619
Short-term investments7152   
Total current assets:3462001208619
Noncurrent Assets
Property, plant and equipment    12
Intangible assets, net (including goodwill) 77910
Intangible assets, net (excluding goodwill) 77910
Total noncurrent assets: 77922
Other undisclosed assets11,1569,7508,0038,3927,592
TOTAL ASSETS:11,5029,9578,1308,4867,633
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt178114   
Deferred income tax liabilities178114
Total noncurrent liabilities:178114   
Other undisclosed liabilities10,0328,7947,2937,6436,936
Total liabilities:10,2108,9087,2937,6436,936
Stockholders' equity
Stockholders' equity attributable to parent1,2921,049837843697
Common stock22222
Additional paid in capital491491416416341
Accumulated other comprehensive income (loss)258122(15)304
Retained earnings541434434396349
Total stockholders' equity:1,2921,049837843697
TOTAL LIABILITIES AND EQUITY:11,5029,9578,1308,4867,633

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues30820315512305
Insurance commissions and fees9397102
Premiums earned, net222337
Net investment income1341221008658
Other income(83)(85)(58)(46)29
Cost of revenue(61)(69)(45)(35)(92)
Policyholder benefits and claims incurred, net(23)(33)(7)
Policyholder account balance, interest expense(38)(36)(38)(39)(40)
Financial services costs5(52)
Gross profit:247134110(23)213
Operating expenses(77)(81)(66)(66)(57)
Operating income (loss):1705344(89)156
Interest and debt expense   (5)(11)
Income (loss) from continuing operations before equity method investments, income taxes:1705344(94)145
Other undisclosed income (loss) from continuing operations before income taxes(38)(22)(1)45(13)
Income (loss) from continuing operations before income taxes:1323143(49)133
Income tax expense (benefit)(25)(3)(5)101(42)
Net income available to common stockholders, diluted:10728385290

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:10728385290
Other comprehensive income (loss)136137(45)20(1)
Comprehensive income (loss):243165(7)7289
Other undisclosed comprehensive income, net of tax, attributable to parent   5 
Comprehensive income (loss), net of tax, attributable to parent:243165(7)7789

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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