Brighthouse Financial, Inc. (BHF) financial statements (2022 and earlier)

Company profile

Business Address 11225 N 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,3157,3504,8354,1452,169
Cash and cash equivalents4,4744,1082,8774,1451,857
Short-term investments1,8413,2421,958 312
Total current assets:6,3157,3504,8354,1452,169
Noncurrent Assets
Long-term investments and receivables4,3002,8002,4001,8402,200
Long-term investments4,3002,8002,4001,8402,200
Intangible assets, net (including goodwill)  7891105
Intangible assets, net (excluding goodwill)  7891105
Deferred costs    2
Total noncurrent assets:4,3002,8002,4781,9312,307
Other undisclosed assets249,225237,719219,946200,218219,716
TOTAL ASSETS:259,840247,869227,259206,294224,192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt1,0621,620   
Deferred income tax liabilities1,0621,620 
Total noncurrent liabilities:1,0621,620   
Other undisclosed liabilities242,571228,161211,022191,811209,612
Total liabilities:243,633229,781211,022191,811209,612
Stockholders' equity
Stockholders' equity attributable to parent16,14218,02316,17214,41814,515
Common stock11111
Treasury stock, value(1,543)(1,038)(562)(118) 
Additional paid in capital14,15413,87812,90812,47312,432
Accumulated other comprehensive income4,1725,7163,2407161,676
Retained earnings (accumulated deficit)(642)(534)5851,346406
Stockholders' equity attributable to noncontrolling interest6565656565
Total stockholders' equity:16,20718,08816,23714,48314,580
TOTAL LIABILITIES AND EQUITY:259,840247,869227,259206,294224,192

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues7,1428,5036,5548,9656,842
Insurance commissions and fees3,6363,4633,5803,835
Net investment income4,8813,6013,5793,3383,078
Cost of revenue(4,755)(6,803)(4,733)(4,351)(4,747)
Policyholder benefits and claims incurred, net(3,443)(5,711)(3,670)(3,272)
Policyholder account balance, interest expense(1,312)(1,092)(1,063)(1,079)(1,111)
Financial services costs(3,636)
Gross profit:2,3871,7001,8214,6142,095
Operating expenses(2,451)(2,353)(2,491)(2,575)(2,483)
Operating income (loss):(64)(653)(670)2,039(388)
Interest and debt expense(163)(184)(191)(158)(153)
Income (loss) from continuing operations before equity method investments, income taxes:(227)(837)(861)1,881(541)
Other undisclosed income (loss) from continuing operations before income taxes19(582)(191)(892)(74)
Income (loss) from continuing operations before income taxes:(208)(1,419)(1,052)989(615)
Income tax expense (benefit)105363317(119)237
Net income (loss):(103)(1,056)(735)870(378)
Net loss attributable to noncontrolling interest(5)(5)(5)(5) 
Net income (loss) attributable to parent:(108)(1,061)(740)865(378)
Preferred stock dividends and other adjustments(89)(44)(21)  
Net income (loss) available to common stockholders, diluted:(197)(1,105)(761)865(378)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(103)(1,056)(735)870(378)
Other comprehensive income (loss)(1,544)2,4732,524(881)110
Other undisclosed comprehensive income 3  301
Comprehensive income (loss):(1,647)1,4201,789(11)33
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(5)(5)(5) 
Other undisclosed comprehensive income, net of tax, attributable to parent    378
Comprehensive income (loss), net of tax, attributable to parent:(1,652)1,4151,784(16)411

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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