BRIGHTHOUSE LIFE INSURANCE CO financial statements (2021 and earlier)

Company profile

Business Address 11225 NORTH COMMUNITY HOUSE ROAD
CHARLOTTE, NC 28277
State of Incorp. DE
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
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,5693,9753,4941,6322,8143,1202,438
Cash and cash equivalents3,6842,4933,4941,3631,8881,3831,206
Short-term investments1,8851,482 2699261,7371,232
Deferred tax assets  1,018  
Total current assets:5,5693,9753,4941,6323,8323,1202,438
Noncurrent Assets
Property, plant and equipment    236254235
Long-term investments and receivables2,8002,4001,8392,2001,90016,05344,275
Long-term investments2,8002,4001,8392,2001,90016,05344,275
Intangible assets, net (including goodwill) 7891105110506523
Goodwill     381381
Intangible assets, net (excluding goodwill) 7891105110125142
Total noncurrent assets:2,8002,4781,9302,3052,24616,81345,033
Other undisclosed assets226,919209,700190,406208,108193,195182,429158,392
TOTAL ASSETS:235,288216,153195,830212,045199,273202,362205,863
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt1,4611,301     
Deferred income tax liabilities1,4611,301
Total noncurrent liabilities:1,4611,301     
Other undisclosed liabilities215,712196,373179,039195,177189,556190,799193,857
Total liabilities:217,173197,674179,039195,177189,556190,799193,857
Stockholders' equity
Stockholders' equity attributable to parent18,10018,46416,77616,8539,71711,56312,006
Common stock75757575757575
Additional paid in capital18,32319,07319,07319,07312,44910,87110,855
Accumulated other comprehensive income5,4213,2157181,8371,4021,6282,426
Accumulated deficit(5,719)(3,899)(3,090)(4,132)(4,209)(1,011)(1,350)
Stockholders' equity attributable to noncontrolling interest15151515   
Total stockholders' equity:18,11518,47916,79116,8689,71711,56312,006
TOTAL LIABILITIES AND EQUITY:235,288216,153195,830212,045199,273202,362205,863

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,5525,6278,1225,7981,1807,1046,903
Insurance commissions and fees2,8392,9823,190
Premiums earned, net736847869
Net investment income3,5283,4863,2352,9732,7122,6152,669
Financial services revenue   4,884
Other income302266287336761504
Cost of revenue(6,750)(4,569)(4,227)(4,670)(3,941)(3,733)(4,983)
Policyholder benefits and claims incurred, net(5,689)(3,538)(3,180)
Policyholder account balance, interest expense(1,061)(1,031)(1,047)(1,076)(957)(1,037)(1,062)
Deferred policy acquisition costs, amortization expense      (851)
Financial services costs(3,594)(2,984)(2,696)(2,774)
Gross profit:8021,0583,8951,128(2,761)3,3711,920
Operating expenses(1,844)(1,809)(1,763)(1,833)(1,738)(2,317)(2,754)
Other operating expense, net
(Other Expenses)
      (1,934)
Operating income (loss):(1,042)(751)2,132(705)(4,499)1,054(2,768)
Nonoperating expense
(Investment Income, Nonoperating)
      (762)
Interest and debt expense(68)(60)(6)(56)(70)(76)(109)
Income (loss) from continuing operations before equity method investments, income taxes:(1,110)(811)2,126(761)(4,569)978(3,639)
Other undisclosed income (loss) from continuing operations before income taxes(628)(335)(1,005)(860)(139)763,929
Income (loss) from continuing operations before income taxes:(1,738)(1,146)1,121(1,621)(4,708)1,054290
Income tax expense (benefit)433338(153)7381,771(215)5
Net income (loss):(1,305)(808)968(883)(2,937)839295
Net loss attributable to noncontrolling interest(1)(1)(1)    
Net income (loss) available to common stockholders, diluted:(1,306)(809)967(883)(2,937)839295

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,305)(808)968(883)(2,937)839295
Other comprehensive income (loss)2,2032,497(1,040)259(226)(798)1,446
Other undisclosed comprehensive income3  330   
Comprehensive income (loss):9011,689(72)(294)(3,163)411,741
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(1)    
Comprehensive income (loss), net of tax, attributable to parent:9001,688(73)(294)(3,163)411,741

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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