Brighthouse Life Insurance Earnings 2019-09-30
BHL 10Q Quarterly Report
Document
0.99 1 0 false --12-31 Q3 2019 0000733076 25000 25000 4000 4000 3000 3000 3000 3000 17000000 1900000000 0 0 0 36000000 0 38000000 0000733076 2019-01-01 2019-09-30 0000733076 2019-11-06 0000733076 2019-09-30 0000733076 2018-12-31 0000733076 2019-07-01 2019-09-30 0000733076 2018-07-01 2018-09-30 0000733076 2018-01-01 2018-09-30 0000733076 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-06-30 0000733076 us-gaap:ParentMember 2019-07-01 2019-09-30 0000733076 us-gaap:CommonStockMember 2018-12-31 0000733076 us-gaap:ParentMember 2019-01-01 2019-06-30 0000733076 us-gaap:NoncontrollingInterestMember 2018-12-31 0000733076 us-gaap:CommonStockMember 2019-06-30 0000733076 us-gaap:RetainedEarningsMember 2019-09-30 0000733076 us-gaap:NoncontrollingInterestMember 2019-06-30 0000733076 2019-01-01 2019-06-30 0000733076 us-gaap:NoncontrollingInterestMember 2019-09-30 0000733076 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0000733076 2019-06-30 0000733076 us-gaap:ParentMember 2019-09-30 0000733076 us-gaap:ParentMember 2018-12-31 0000733076 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000733076 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000733076 us-gaap:RetainedEarningsMember 2018-12-31 0000733076 us-gaap:ParentMember 2019-06-30 0000733076 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0000733076 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0000733076 us-gaap:CommonStockMember 2019-09-30 0000733076 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0000733076 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0000733076 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000733076 us-gaap:RetainedEarningsMember 2019-06-30 0000733076 us-gaap:RetainedEarningsMember 2019-01-01 2019-06-30 0000733076 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0000733076 us-gaap:CommonStockMember 2017-12-31 0000733076 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000733076 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0000733076 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0000733076 srt:RestatementAdjustmentMember us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000733076 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0000733076 us-gaap:RetainedEarningsMember 2018-06-30 0000733076 us-gaap:RetainedEarningsMember 2017-12-31 0000733076 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000733076 us-gaap:NoncontrollingInterestMember 2018-06-30 0000733076 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0000733076 srt:RestatementAdjustmentMember us-gaap:RetainedEarningsMember 2017-12-31 0000733076 us-gaap:ParentMember 2018-01-01 2018-06-30 0000733076 srt:RestatementAdjustmentMember us-gaap:CommonStockMember 2017-12-31 0000733076 us-gaap:ParentMember 2018-07-01 2018-09-30 0000733076 us-gaap:RetainedEarningsMember 2018-09-30 0000733076 us-gaap:NoncontrollingInterestMember 2018-09-30 0000733076 2018-09-30 0000733076 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0000733076 us-gaap:CommonStockMember 2018-06-30 0000733076 srt:RestatementAdjustmentMember us-gaap:ParentMember 2017-12-31 0000733076 2017-12-31 0000733076 us-gaap:ParentMember 2017-12-31 0000733076 srt:RestatementAdjustmentMember 2017-12-31 0000733076 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0000733076 srt:RestatementAdjustmentMember us-gaap:NoncontrollingInterestMember 2017-12-31 0000733076 2018-01-01 2018-06-30 0000733076 srt:RestatementAdjustmentMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000733076 us-gaap:RetainedEarningsMember 2018-01-01 2018-06-30 0000733076 2018-06-30 0000733076 us-gaap:ParentMember 2018-09-30 0000733076 us-gaap:CommonStockMember 2018-09-30 0000733076 us-gaap:NoncontrollingInterestMember 2017-12-31 0000733076 us-gaap:ParentMember 2018-06-30 0000733076 us-gaap:SpinoffMember 2017-08-04 0000733076 us-gaap:MaterialReconcilingItemsMember 2018-01-01 2018-09-30 0000733076 us-gaap:MaterialReconcilingItemsMember 2019-01-01 2019-09-30 0000733076 us-gaap:MaterialReconcilingItemsMember 2019-07-01 2019-09-30 0000733076 bhl:RunoffMember 2018-07-01 2018-09-30 0000733076 us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000733076 bhl:RunoffMember 2019-07-01 2019-09-30 0000733076 bhl:AnnuitiesMember 2018-01-01 2018-09-30 0000733076 us-gaap:MaterialReconcilingItemsMember 2018-07-01 2018-09-30 0000733076 bhl:RunoffMember 2018-01-01 2018-09-30 0000733076 us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000733076 bhl:AnnuitiesMember 2019-07-01 2019-09-30 0000733076 bhl:LifeMember 2019-01-01 2019-09-30 0000733076 us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000733076 bhl:AnnuitiesMember 2019-01-01 2019-09-30 0000733076 bhl:RunoffMember 2019-01-01 2019-09-30 0000733076 bhl:LifeMember 2018-07-01 2018-09-30 0000733076 bhl:AnnuitiesMember 2018-07-01 2018-09-30 0000733076 us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000733076 bhl:LifeMember 2019-07-01 2019-09-30 0000733076 bhl:LifeMember 2018-01-01 2018-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:LifeMember 2018-07-01 2018-09-30 0000733076 us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:RunoffMember 2018-07-01 2018-09-30 0000733076 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:AnnuitiesMember 2018-07-01 2018-09-30 0000733076 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000733076 us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:LifeMember 2019-01-01 2019-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:RunoffMember 2019-01-01 2019-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:AnnuitiesMember 2019-01-01 2019-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:RunoffMember 2018-01-01 2018-09-30 0000733076 us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:AnnuitiesMember 2018-01-01 2018-09-30 0000733076 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:LifeMember 2018-01-01 2018-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:AnnuitiesMember 2019-07-01 2019-09-30 0000733076 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:LifeMember 2019-07-01 2019-09-30 0000733076 us-gaap:OperatingSegmentsMember bhl:RunoffMember 2019-07-01 2019-09-30 0000733076 us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0000733076 us-gaap:CorporateAndOtherMember 2018-12-31 0000733076 bhl:LifeMember 2019-09-30 0000733076 bhl:RunoffMember 2019-09-30 0000733076 bhl:AnnuitiesMember 2018-12-31 0000733076 bhl:AnnuitiesMember 2019-09-30 0000733076 us-gaap:CorporateAndOtherMember 2019-09-30 0000733076 bhl:LifeMember 2018-12-31 0000733076 bhl:RunoffMember 2018-12-31 0000733076 us-gaap:VariableLifeMember bhl:SecondaryGuaranteesMember 2018-12-31 0000733076 us-gaap:UniversalLifeMember bhl:SecondaryGuaranteesMember 2018-12-31 0000733076 us-gaap:VariableLifeMember bhl:SecondaryGuaranteesMember 2019-09-30 0000733076 us-gaap:VariableLifeMember bhl:SecondaryGuaranteesMember 2018-01-01 2018-12-31 0000733076 us-gaap:UniversalLifeMember bhl:SecondaryGuaranteesMember 2019-01-01 2019-09-30 0000733076 us-gaap:UniversalLifeMember bhl:SecondaryGuaranteesMember 2019-09-30 0000733076 us-gaap:UniversalLifeMember bhl:SecondaryGuaranteesMember 2018-01-01 2018-12-31 0000733076 us-gaap:VariableLifeMember bhl:SecondaryGuaranteesMember 2019-01-01 2019-09-30 0000733076 us-gaap:VariableAnnuityMember us-gaap:AnnuitizationBenefitMember 2019-09-30 0000733076 us-gaap:VariableAnnuityMember us-gaap:GuaranteedMinimumDeathBenefitMember 2018-01-01 2018-12-31 0000733076 us-gaap:VariableAnnuityMember us-gaap:GuaranteedMinimumDeathBenefitMember 2018-12-31 0000733076 us-gaap:VariableAnnuityMember us-gaap:GuaranteedMinimumDeathBenefitMember 2019-09-30 0000733076 us-gaap:VariableAnnuityMember us-gaap:GuaranteedMinimumDeathBenefitMember 2019-01-01 2019-09-30 0000733076 us-gaap:VariableAnnuityMember us-gaap:AnnuitizationBenefitMember 2019-01-01 2019-09-30 0000733076 us-gaap:VariableAnnuityMember us-gaap:AnnuitizationBenefitMember 2018-12-31 0000733076 us-gaap:VariableAnnuityMember us-gaap:AnnuitizationBenefitMember 2018-01-01 2018-12-31 0000733076 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-09-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-09-30 0000733076 us-gaap:ForeignCorporateDebtSecuritiesMember 2018-12-31 0000733076 us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-09-30 0000733076 us-gaap:AssetBackedSecuritiesMember 2019-09-30 0000733076 us-gaap:DomesticCorporateDebtSecuritiesMember 2019-09-30 0000733076 us-gaap:USTreasuryAndGovernmentMember 2019-09-30 0000733076 us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000733076 us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0000733076 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-09-30 0000733076 us-gaap:ForeignCorporateDebtSecuritiesMember 2019-09-30 0000733076 us-gaap:DomesticCorporateDebtSecuritiesMember 2018-12-31 0000733076 us-gaap:AssetBackedSecuritiesMember 2018-12-31 0000733076 bhl:NonIncomeProducingDebtSecuritiesMember 2019-09-30 0000733076 srt:MaximumMember bhl:NonIncomeProducingDebtSecuritiesMember 2018-12-31 0000733076 bhl:SixMonthsOrGreaterMember bhl:TwentyPercentOrMoreMember us-gaap:DebtSecuritiesMember 2019-09-30 0000733076 us-gaap:DebtSecuritiesMember 2019-09-30 0000733076 us-gaap:DebtSecuritiesMember 2019-01-01 2019-09-30 0000733076 us-gaap:DebtSecuritiesMember 2018-12-31 0000733076 us-gaap:NonperformingFinancingReceivableMember us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0000733076 us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0000733076 us-gaap:PerformingFinancingReceivableMember us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0000733076 us-gaap:PerformingFinancingReceivableMember us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0000733076 us-gaap:NonperformingFinancingReceivableMember us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0000733076 us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0000733076 bhl:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:LtvLessThan65PercentMember 2018-12-31 0000733076 bhl:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0000733076 bhl:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv76To80PercentMember 2018-12-31 0000733076 bhl:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv65To75PercentMember 2018-12-31 0000733076 bhl:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv76To80PercentMember 2019-09-30 0000733076 bhl:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:LtvLessThan65PercentMember 2019-09-30 0000733076 bhl:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv65To75PercentMember 2019-09-30 0000733076 bhl:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0000733076 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0000733076 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv65To75PercentMember 2018-12-31 0000733076 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:LtvLessThan65PercentMember 2018-12-31 0000733076 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv76To80PercentMember 2018-12-31 0000733076 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:LtvLessThan65PercentMember 2019-09-30 0000733076 bhl:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv76To80PercentMember 2019-09-30 0000733076 bhl:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:LtvLessThan65PercentMember 2018-12-31 0000733076 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv76To80PercentMember 2019-09-30 0000733076 bhl:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv65To75PercentMember 2019-09-30 0000733076 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv65To75PercentMember 2019-09-30 0000733076 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0000733076 bhl:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:LtvLessThan65PercentMember 2019-09-30 0000733076 bhl:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv65To75PercentMember 2018-12-31 0000733076 bhl:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv65To75PercentMember 2019-09-30 0000733076 bhl:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv65To75PercentMember 2019-09-30 0000733076 bhl:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:LtvLessThan65PercentMember 2019-09-30 0000733076 bhl:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv76To80PercentMember 2018-12-31 0000733076 bhl:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:LtvLessThan65PercentMember 2019-09-30 0000733076 bhl:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0000733076 bhl:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0000733076 bhl:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:LtvLessThan65PercentMember 2018-12-31 0000733076 bhl:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv76To80PercentMember 2018-12-31 0000733076 bhl:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv76To80PercentMember 2019-09-30 0000733076 bhl:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv76To80PercentMember 2018-12-31 0000733076 bhl:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:LtvLessThan65PercentMember 2018-12-31 0000733076 bhl:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv76To80PercentMember 2019-09-30 0000733076 bhl:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0000733076 bhl:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv65To75PercentMember 2018-12-31 0000733076 bhl:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0000733076 bhl:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0000733076 bhl:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhl:Ltv65To75PercentMember 2018-12-31 0000733076 bhl:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0000733076 us-gaap:RealEstateLoanMember 2019-07-01 2019-09-30 0000733076 srt:MaximumMember bhl:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0000733076 us-gaap:PerformingFinancingReceivableMember us-gaap:RealEstateLoanMember 2019-09-30 0000733076 us-gaap:RealEstateLoanMember 2019-01-01 2019-09-30 0000733076 us-gaap:RealEstateLoanMember 2018-07-01 2018-09-30 0000733076 us-gaap:RealEstateLoanMember 2018-01-01 2018-09-30 0000733076 us-gaap:PerformingFinancingReceivableMember us-gaap:RealEstateLoanMember 2018-12-31 0000733076 bhl:OtherInvestedAssetsMember 2019-09-30 0000733076 us-gaap:SecuritiesInvestmentMember 2019-09-30 0000733076 us-gaap:SecuritiesFinancingTransactionFairValueMember 2019-09-30 0000733076 us-gaap:SecuritiesFinancingTransactionCostMember 2018-12-31 0000733076 us-gaap:SecuritiesFinancingTransactionCostMember 2019-09-30 0000733076 us-gaap:SecuritiesFinancingTransactionFairValueMember 2018-12-31 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:MaturityUpTo30DaysMember 2018-12-31 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:MaturityOvernightMember 2018-12-31 0000733076 us-gaap:USTreasuryAndGovernmentMember bhl:Maturity30to180DaysMember 2019-09-30 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:MaturityUpTo30DaysMember 2019-09-30 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:MaturityOvernightMember 2019-09-30 0000733076 us-gaap:USTreasuryAndGovernmentMember bhl:Maturity30to180DaysMember 2018-12-31 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:SecuritiesFinancingTransactionFairValueMember 2019-09-30 0000733076 bhl:ReinsuranceMember us-gaap:DebtSecuritiesMember 2018-12-31 0000733076 bhl:PolicyholderAccountBalancesMember us-gaap:DebtSecuritiesMember 2018-12-31 0000733076 bhl:PolicyholderAccountBalancesMember us-gaap:DebtSecuritiesMember 2019-09-30 0000733076 bhl:ReinsuranceMember us-gaap:DebtSecuritiesMember 2019-09-30 0000733076 us-gaap:LimitedPartnerMember 2018-12-31 0000733076 us-gaap:LimitedPartnerMember 2019-09-30 0000733076 us-gaap:DebtSecuritiesMember 2019-07-01 2019-09-30 0000733076 us-gaap:MortgagesMember 2019-01-01 2019-09-30 0000733076 us-gaap:PolicyLoansMember 2019-01-01 2019-09-30 0000733076 us-gaap:DebtSecuritiesMember 2018-07-01 2018-09-30 0000733076 us-gaap:CashAndCashEquivalentsMember 2019-07-01 2019-09-30 0000733076 us-gaap:CashAndCashEquivalentsMember 2019-01-01 2019-09-30 0000733076 us-gaap:CashAndCashEquivalentsMember 2018-01-01 2018-09-30 0000733076 us-gaap:EquitySecuritiesMember 2019-07-01 2019-09-30 0000733076 us-gaap:LimitedPartnerMember 2019-01-01 2019-09-30 0000733076 us-gaap:LimitedPartnerMember 2018-01-01 2018-09-30 0000733076 us-gaap:PolicyLoansMember 2019-07-01 2019-09-30 0000733076 us-gaap:RealEstateInvestmentMember 2018-01-01 2018-09-30 0000733076 us-gaap:PolicyLoansMember 2018-07-01 2018-09-30 0000733076 us-gaap:EquitySecuritiesMember 2018-07-01 2018-09-30 0000733076 us-gaap:OtherInvestmentsMember 2018-01-01 2018-09-30 0000733076 us-gaap:EquitySecuritiesMember 2019-01-01 2019-09-30 0000733076 us-gaap:PolicyLoansMember 2018-01-01 2018-09-30 0000733076 us-gaap:MortgagesMember 2018-01-01 2018-09-30 0000733076 us-gaap:RealEstateInvestmentMember 2019-01-01 2019-09-30 0000733076 us-gaap:OtherInvestmentsMember 2018-07-01 2018-09-30 0000733076 us-gaap:RealEstateInvestmentMember 2019-07-01 2019-09-30 0000733076 us-gaap:LimitedPartnerMember 2019-07-01 2019-09-30 0000733076 us-gaap:DebtSecuritiesMember 2018-01-01 2018-09-30 0000733076 us-gaap:LimitedPartnerMember 2018-07-01 2018-09-30 0000733076 us-gaap:DebtSecuritiesMember 2019-01-01 2019-09-30 0000733076 us-gaap:OtherInvestmentsMember 2019-01-01 2019-09-30 0000733076 us-gaap:RealEstateInvestmentMember 2018-07-01 2018-09-30 0000733076 us-gaap:OtherInvestmentsMember 2019-07-01 2019-09-30 0000733076 us-gaap:MortgagesMember 2018-07-01 2018-09-30 0000733076 us-gaap:EquitySecuritiesMember 2018-01-01 2018-09-30 0000733076 us-gaap:MortgagesMember 2019-07-01 2019-09-30 0000733076 us-gaap:CashAndCashEquivalentsMember 2018-07-01 2018-09-30 0000733076 us-gaap:DebtSecuritiesMember 2018-01-01 2018-09-30 0000733076 us-gaap:DebtSecuritiesMember 2019-07-01 2019-09-30 0000733076 us-gaap:DebtSecuritiesMember 2018-07-01 2018-09-30 0000733076 bhl:MetlifeInvestmentManagementLLCMember 2018-01-01 2018-09-30 0000733076 bhl:MetlifeInvestmentManagementLLCMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateCapMember us-gaap:NondesignatedMember 2018-12-31 0000733076 us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000733076 bhl:CededGuaranteedMinimumBenefitMember 2019-09-30 0000733076 bhl:EquityTotalReturnSwapsMember us-gaap:NondesignatedMember 2018-12-31 0000733076 us-gaap:StockOptionMember us-gaap:NondesignatedMember 2018-12-31 0000733076 us-gaap:InterestRateSwaptionMember us-gaap:NondesignatedMember 2018-12-31 0000733076 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2019-09-30 0000733076 bhl:InterestrateforwardMember us-gaap:NondesignatedMember 2018-12-31 0000733076 us-gaap:VarianceSwapMember us-gaap:NondesignatedMember 2019-09-30 0000733076 us-gaap:NondesignatedMember 2018-12-31 0000733076 bhl:FuturesMember us-gaap:NondesignatedMember 2018-12-31 0000733076 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2018-12-31 0000733076 bhl:DirectindexlinkedannuitiesMember 2018-12-31 0000733076 us-gaap:VarianceSwapMember us-gaap:NondesignatedMember 2018-12-31 0000733076 bhl:AssumedGuaranteedMinimumBenefitMember 2019-09-30 0000733076 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2018-12-31 0000733076 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000733076 us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000733076 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-09-30 0000733076 us-gaap:CurrencySwapMember us-gaap:NondesignatedMember 2019-09-30 0000733076 bhl:FuturesMember us-gaap:NondesignatedMember 2019-09-30 0000733076 bhl:DirectindexlinkedannuitiesMember bhl:AssumedReinsuranceMember 2019-09-30 0000733076 bhl:DirectindexlinkedannuitiesMember 2019-09-30 0000733076 us-gaap:InterestRateSwaptionMember us-gaap:NondesignatedMember 2019-09-30 0000733076 bhl:EquityFuturesMember us-gaap:NondesignatedMember 2019-09-30 0000733076 bhl:EquityFuturesMember us-gaap:NondesignatedMember 2018-12-31 0000733076 bhl:InterestrateforwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000733076 bhl:InterestrateforwardMember us-gaap:NondesignatedMember 2019-09-30 0000733076 us-gaap:NondesignatedMember 2019-09-30 0000733076 bhl:DirectindexlinkedannuitiesMember bhl:AssumedReinsuranceMember 2018-12-31 0000733076 us-gaap:InterestRateCapMember us-gaap:NondesignatedMember 2019-09-30 0000733076 us-gaap:StockOptionMember us-gaap:NondesignatedMember 2019-09-30 0000733076 us-gaap:CreditDefaultSwapBuyingProtectionMember us-gaap:NondesignatedMember 2018-12-31 0000733076 bhl:DirectGuaranteedMinimumBenefitMember 2019-09-30 0000733076 us-gaap:CurrencySwapMember us-gaap:NondesignatedMember 2018-12-31 0000733076 bhl:EquityTotalReturnSwapsMember us-gaap:NondesignatedMember 2019-09-30 0000733076 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000733076 us-gaap:CreditDefaultSwapSellingProtectionMember us-gaap:NondesignatedMember 2019-09-30 0000733076 us-gaap:CreditDefaultSwapSellingProtectionMember us-gaap:NondesignatedMember 2018-12-31 0000733076 bhl:AssumedGuaranteedMinimumBenefitMember 2018-12-31 0000733076 bhl:InterestrateforwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000733076 us-gaap:CreditDefaultSwapBuyingProtectionMember us-gaap:NondesignatedMember 2019-09-30 0000733076 bhl:DirectGuaranteedMinimumBenefitMember 2018-12-31 0000733076 bhl:CededGuaranteedMinimumBenefitMember 2018-12-31 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2018-01-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:FairValueHedgingMember bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember 2018-01-01 2018-09-30 0000733076 us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:FairValueHedgingMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0000733076 us-gaap:CashFlowHedgingMember 2019-01-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0000733076 bhl:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2019-01-01 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0000733076 us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0000733076 us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0000733076 us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0000733076 us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:CashFlowHedgingMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:FairValueHedgingMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0000733076 us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 bhl:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember 2019-01-01 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0000733076 bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0000733076 us-gaap:FairValueHedgingMember bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0000733076 us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0000733076 us-gaap:FairValueHedgingMember bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2018-07-01 2018-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember 2019-07-01 2019-09-30 0000733076 us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0000733076 bhl:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0000733076 bhl:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0000733076 us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0000733076 us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember 2018-07-01 2018-09-30 0000733076 us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:CashFlowHedgingMember 2018-07-01 2018-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0000733076 us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0000733076 us-gaap:CashFlowHedgingMember 2019-07-01 2019-09-30 0000733076 us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember 2018-07-01 2018-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2019-07-01 2019-09-30 0000733076 us-gaap:FairValueHedgingMember 2018-07-01 2018-09-30 0000733076 us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:FairValueHedgingMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0000733076 us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0000733076 us-gaap:FairValueHedgingMember bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0000733076 us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhl:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0000733076 us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0000733076 bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember bhl:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0000733076 us-gaap:CashFlowHedgingMember bhl:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0000733076 us-gaap:NondesignatedMember bhl:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0000733076 us-gaap:CreditDefaultSwapMember bhl:BaaMember 2018-01-01 2018-12-31 0000733076 us-gaap:CreditDefaultSwapMember bhl:BaaMember 2018-12-31 0000733076 us-gaap:CreditDefaultSwapMember bhl:AaaAaMember 2018-12-31 0000733076 us-gaap:CreditDefaultSwapMember bhl:BaaMember 2019-01-01 2019-09-30 0000733076 2018-01-01 2018-12-31 0000733076 us-gaap:CreditDefaultSwapMember bhl:AaaAaMember 2019-09-30 0000733076 us-gaap:CreditDefaultSwapMember bhl:AaaAaMember 2018-01-01 2018-12-31 0000733076 us-gaap:CreditDefaultSwapMember bhl:BaaMember 2019-09-30 0000733076 us-gaap:CreditDefaultSwapMember bhl:AaaAaMember 2019-01-01 2019-09-30 0000733076 us-gaap:FixedMaturitiesMember 2018-12-31 0000733076 us-gaap:FixedMaturitiesMember 2019-09-30 0000733076 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:CreditRiskContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:EquityContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000733076 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputMortalityRateMember 2019-09-30 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputLapseRateMember 2019-09-30 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputMortalityRateMember 2018-12-31 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputWithdrawalRateMember 2019-09-30 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member bhl:MeasurementInputLongTermEquityVolatilitiesMember 2018-12-31 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEntityCreditRiskMember 2019-09-30 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputLapseRateMember 2018-12-31 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEntityCreditRiskMember 2018-12-31 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputWithdrawalRateMember 2018-12-31 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputLapseRateMember 2019-09-30 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputUtilizationRateMember 2019-09-30 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputUtilizationRateMember 2018-12-31 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member bhl:MeasurementInputLongTermEquityVolatilitiesMember 2018-12-31 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member bhl:MeasurementInputLongTermEquityVolatilitiesMember 2019-09-30 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputUtilizationRateMember 2018-12-31 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member bhl:MeasurementInputLongTermEquityVolatilitiesMember 2019-09-30 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputMortalityRateMember 2019-09-30 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputLapseRateMember 2018-12-31 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputWithdrawalRateMember 2018-12-31 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEntityCreditRiskMember 2018-12-31 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEntityCreditRiskMember 2019-09-30 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputMortalityRateMember 2018-12-31 0000733076 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputWithdrawalRateMember 2019-09-30 0000733076 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputUtilizationRateMember 2019-09-30 0000733076 bhl:SeparateAccountAssetsMember 2018-07-01 2018-09-30 0000733076 us-gaap:ShortTermInvestmentsMember 2019-07-01 2019-09-30 0000733076 us-gaap:CorporateDebtSecuritiesMember 2019-07-01 2019-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-09-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-07-01 2019-09-30 0000733076 us-gaap:EquitySecuritiesMember 2019-09-30 0000733076 us-gaap:EquitySecuritiesMember 2018-07-01 2018-09-30 0000733076 us-gaap:ShortTermInvestmentsMember 2018-07-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-07-01 2019-09-30 0000733076 us-gaap:CorporateDebtSecuritiesMember 2018-07-01 2018-09-30 0000733076 us-gaap:EquitySecuritiesMember 2019-07-01 2019-09-30 0000733076 bhl:SeparateAccountAssetsMember 2019-07-01 2019-09-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-07-01 2018-09-30 0000733076 bhl:NetDerivativesMember 2018-07-01 2018-09-30 0000733076 bhl:NetDerivativesMember 2019-07-01 2019-09-30 0000733076 us-gaap:ShortTermInvestmentsMember 2018-06-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-09-30 0000733076 bhl:StructuredSecuritiesMember 2018-07-01 2018-09-30 0000733076 us-gaap:ShortTermInvestmentsMember 2018-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-07-01 2019-09-30 0000733076 bhl:SeparateAccountAssetsMember 2018-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-07-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-07-01 2018-09-30 0000733076 bhl:StructuredSecuritiesMember 2019-06-30 0000733076 bhl:SeparateAccountAssetsMember 2019-06-30 0000733076 bhl:StructuredSecuritiesMember 2019-07-01 2019-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-06-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-09-30 0000733076 bhl:SeparateAccountAssetsMember 2019-09-30 0000733076 us-gaap:ShortTermInvestmentsMember 2019-09-30 0000733076 bhl:StructuredSecuritiesMember 2018-09-30 0000733076 bhl:NetDerivativesMember 2018-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-09-30 0000733076 bhl:StructuredSecuritiesMember 2018-06-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-06-30 0000733076 us-gaap:EquitySecuritiesMember 2018-09-30 0000733076 bhl:NetDerivativesMember 2018-06-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-06-30 0000733076 us-gaap:CorporateDebtSecuritiesMember 2018-06-30 0000733076 us-gaap:CorporateDebtSecuritiesMember 2019-09-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-09-30 0000733076 bhl:StructuredSecuritiesMember 2019-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-06-30 0000733076 us-gaap:ShortTermInvestmentsMember 2019-06-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-06-30 0000733076 bhl:SeparateAccountAssetsMember 2018-06-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-09-30 0000733076 us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000733076 us-gaap:EquitySecuritiesMember 2019-06-30 0000733076 us-gaap:EquitySecuritiesMember 2018-06-30 0000733076 us-gaap:CorporateDebtSecuritiesMember 2018-09-30 0000733076 bhl:NetDerivativesMember 2019-06-30 0000733076 bhl:NetDerivativesMember 2019-09-30 0000733076 us-gaap:CorporateDebtSecuritiesMember 2019-01-01 2019-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-01-01 2019-09-30 0000733076 us-gaap:ShortTermInvestmentsMember 2019-01-01 2019-09-30 0000733076 us-gaap:EquitySecuritiesMember 2018-01-01 2018-09-30 0000733076 bhl:StructuredSecuritiesMember 2019-01-01 2019-09-30 0000733076 us-gaap:CorporateDebtSecuritiesMember 2018-01-01 2018-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-01-01 2019-09-30 0000733076 bhl:SeparateAccountAssetsMember 2019-01-01 2019-09-30 0000733076 us-gaap:EquitySecuritiesMember 2018-12-31 0000733076 bhl:NetDerivativesMember 2019-01-01 2019-09-30 0000733076 bhl:SeparateAccountAssetsMember 2018-12-31 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2017-12-31 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-01-01 2018-09-30 0000733076 us-gaap:ShortTermInvestmentsMember 2018-01-01 2018-09-30 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-01-01 2019-09-30 0000733076 bhl:NetDerivativesMember 2018-01-01 2018-09-30 0000733076 us-gaap:ShortTermInvestmentsMember 2017-12-31 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-01-01 2018-09-30 0000733076 us-gaap:EquitySecuritiesMember 2019-01-01 2019-09-30 0000733076 us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000733076 bhl:SeparateAccountAssetsMember 2018-01-01 2018-09-30 0000733076 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-12-31 0000733076 bhl:StructuredSecuritiesMember 2018-01-01 2018-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-01-01 2018-09-30 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2017-12-31 0000733076 us-gaap:ShortTermInvestmentsMember 2018-12-31 0000733076 bhl:SeparateAccountAssetsMember 2017-12-31 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000733076 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000733076 us-gaap:EquitySecuritiesMember 2017-12-31 0000733076 bhl:NetDerivativesMember 2017-12-31 0000733076 us-gaap:CorporateDebtSecuritiesMember 2017-12-31 0000733076 bhl:StructuredSecuritiesMember 2018-12-31 0000733076 bhl:StructuredSecuritiesMember 2017-12-31 0000733076 us-gaap:USStatesAndPoliticalSubdivisionsMember 2017-12-31 0000733076 bhl:NetDerivativesMember 2018-12-31 0000733076 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000733076 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000733076 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000733076 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000733076 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000733076 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000733076 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000733076 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000733076 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000733076 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0000733076 bhl:BLICSurplusNotedueMar2059Member 2019-03-25 0000733076 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-09-30 0000733076 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-09-30 0000733076 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0000733076 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-12-31 0000733076 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-09-30 0000733076 us-gaap:AccumulatedTranslationAdjustmentMember 2019-09-30 0000733076 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0000733076 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0000733076 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-09-30 0000733076 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-06-30 0000733076 us-gaap:AccumulatedTranslationAdjustmentMember 2018-07-01 2018-09-30 0000733076 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-07-01 2018-09-30 0000733076 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:AccumulatedTranslationAdjustmentMember 2018-06-30 0000733076 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-09-30 0000733076 us-gaap:AccumulatedTranslationAdjustmentMember 2018-09-30 0000733076 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-06-30 0000733076 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-09-30 0000733076 us-gaap:ForwardContractsMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-07-01 2018-09-30 0000733076 us-gaap:ForwardContractsMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-07-01 2019-09-30 0000733076 us-gaap:InterestRateSwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-07-01 2018-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-07-01 2019-09-30 0000733076 us-gaap:ForwardContractsMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-07-01 2018-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:CurrencySwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-07-01 2019-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-07-01 2019-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-09-30 0000733076 us-gaap:InterestRateSwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-07-01 2018-09-30 0000733076 us-gaap:ForwardContractsMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0000733076 us-gaap:CurrencySwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0000733076 us-gaap:InterestRateSwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-07-01 2019-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0000733076 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0000733076 us-gaap:CurrencySwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-07-01 2018-09-30 0000733076 us-gaap:InterestRateSwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0000733076 us-gaap:CurrencySwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0000733076 srt:RestatementAdjustmentMember us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0000733076 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0000733076 us-gaap:AccumulatedTranslationAdjustmentMember 2018-01-01 2018-09-30 0000733076 us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0000733076 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-09-30 0000733076 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2017-12-31 0000733076 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2017-12-31 0000733076 srt:RestatementAdjustmentMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2017-12-31 0000733076 srt:RestatementAdjustmentMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2017-12-31 0000733076 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-07-01 2019-09-30 0000733076 us-gaap:AccumulatedTranslationAdjustmentMember 2019-07-01 2019-09-30 0000733076 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-07-01 2019-09-30 0000733076 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-06-30 0000733076 us-gaap:AccumulatedTranslationAdjustmentMember 2019-06-30 0000733076 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-06-30 0000733076 us-gaap:DistributionServiceMember 2019-01-01 2019-09-30 0000733076 us-gaap:DistributionServiceMember 2019-07-01 2019-09-30 0000733076 us-gaap:DistributionServiceMember 2018-01-01 2018-09-30 0000733076 us-gaap:DistributionServiceMember 2018-07-01 2018-09-30 0000733076 us-gaap:LoanOriginationCommitmentsMember 2018-12-31 0000733076 us-gaap:LoanOriginationCommitmentsMember 2019-09-30 0000733076 us-gaap:CommitmentsToExtendCreditMember 2019-09-30 0000733076 us-gaap:CommitmentsToExtendCreditMember 2018-12-31 0000733076 srt:MinimumMember 2019-09-30 0000733076 srt:MaximumMember 2019-09-30 0000733076 bhl:ReinsuranceMember srt:AffiliatedEntityMember 2019-01-01 2019-09-30 0000733076 bhl:AssumedReinsuranceMember srt:AffiliatedEntityMember 2019-07-01 2019-09-30 0000733076 bhl:ReinsuranceMember srt:AffiliatedEntityMember 2018-01-01 2018-09-30 0000733076 bhl:CededReinsuranceMember srt:AffiliatedEntityMember 2018-01-01 2018-09-30 0000733076 bhl:AssumedReinsuranceMember srt:AffiliatedEntityMember 2018-01-01 2018-09-30 0000733076 bhl:CededReinsuranceMember srt:AffiliatedEntityMember 2019-01-01 2019-09-30 0000733076 bhl:ReinsuranceMember srt:AffiliatedEntityMember 2019-07-01 2019-09-30 0000733076 bhl:AssumedReinsuranceMember srt:AffiliatedEntityMember 2018-07-01 2018-09-30 0000733076 bhl:CededReinsuranceMember srt:AffiliatedEntityMember 2018-07-01 2018-09-30 0000733076 bhl:AssumedReinsuranceMember srt:AffiliatedEntityMember 2019-01-01 2019-09-30 0000733076 bhl:ReinsuranceMember srt:AffiliatedEntityMember 2018-07-01 2018-09-30 0000733076 bhl:CededReinsuranceMember srt:AffiliatedEntityMember 2019-07-01 2019-09-30 0000733076 bhl:CededReinsuranceMember 2018-12-31 0000733076 bhl:AssumedReinsuranceMember 2018-12-31 0000733076 bhl:CededReinsuranceMember 2019-09-30 0000733076 bhl:AssumedReinsuranceMember 2019-09-30 0000733076 bhl:AssumedGuaranteedMinimumBenefitMember 2018-07-01 2018-09-30 0000733076 bhl:AssumedGuaranteedMinimumBenefitMember 2019-07-01 2019-09-30 0000733076 bhl:AssumedGuaranteedMinimumBenefitMember 2019-09-30 0000733076 bhl:AssumedGuaranteedMinimumBenefitMember 2018-12-31 0000733076 bhl:AssumedGuaranteedMinimumBenefitMember 2019-01-01 2019-09-30 0000733076 bhl:AssumedGuaranteedMinimumBenefitMember 2018-01-01 2018-09-30 0000733076 bhl:AllServicesandTransactionsExceptBrokerDealerActivitiesMember 2019-09-30 0000733076 srt:AffiliatedEntityMember 2018-07-01 2018-09-30 0000733076 srt:AffiliatedEntityMember 2019-07-01 2019-09-30 0000733076 srt:AffiliatedEntityMember 2018-01-01 2018-09-30 0000733076 bhl:AllServicesandTransactionsExceptBrokerDealerActivitiesMember 2018-12-31 0000733076 srt:AffiliatedEntityMember 2019-01-01 2019-09-30 0000733076 bhl:BrokerDealerActivitiesMember 2018-01-01 2018-09-30 0000733076 bhl:BrokerDealerActivitiesMember 2018-07-01 2018-09-30 0000733076 bhl:BrokerDealerActivitiesMember 2019-09-30 0000733076 bhl:BrokerDealerActivitiesMember 2019-01-01 2019-09-30 0000733076 bhl:BrokerDealerActivitiesMember 2019-07-01 2019-09-30 0000733076 bhl:BrokerDealerActivitiesMember 2018-12-31 iso4217:USD xbrli:shares xbrli:shares xbrli:pure bhl:segment iso4217:USD bhl:Contracts
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
☑
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019
or
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from___ to ___
Commission File Number: 033-03094
Brighthouse Life Insurance Company
(Exact name of registrant as specified in its charter)
Delaware
06-0566090
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
11225 North Community House Road,
Charlotte,
North Carolina
28277
(Address of principal executive offices)
(Zip Code)
( 980 ) 365-7100
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act: None
Title of each class
Trading symbol(s)
Name of each exchange on which registered
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
¨
Accelerated filer
¨
Non-accelerated filer
þ
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No þ
As of November 6, 2019, 3,000 shares of the registrant’s common stock were outstanding, all of which were owned indirectly by Brighthouse Financial, Inc.
REDUCED DISCLOSURE FORMAT
The registrant meets the conditions set forth in General Instruction H(1)(a) and (b) of Form 10-Q and is, therefore, filing this Form 10-Q with the reduced disclosure format.
Table of Contents
Copy Copy+ History
Page
Item 1.
Consolidated Financial Statements (at September 30, 2019 (Unaudited) and December 31, 2018 and for the Three Months and Nine Months Ended September 30, 2019 and 2018 (Unaudited)):
Item 2.
Item 4.
Item 1.
Item 1A.
Item 6.
Part I — Financial Information
Item 1. Financial Statements
Brighthouse Life Insurance Company
(An Indirect Wholly-Owned Subsidiary of Brighthouse Financial, Inc.)
Interim Condensed Consolidated Balance Sheets
September 30, 2019 (Unaudited) and December 31, 2018
(In millions, except share and per share data)
Copy Copy+ History
September 30, 2019
December 31, 2018
Assets
Investments:
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $62,138 and $59,672, respectively)
$
69,676
$
61,348
Equity securities, at estimated fair value
148
140
Mortgage loans (net of valuation allowances of $64 and $56, respectively)
15,269
13,596
Policy loans
915
1,001
Real estate limited partnerships and limited liability companies
458
451
Other limited partnership interests
1,894
1,839
Short-term investments, principally at estimated fair value
1,483
—
Other invested assets, principally at estimated fair value
4,738
3,037
Total investments
94,581
81,412
Cash and cash equivalents
3,720
3,494
Accrued investment income
709
704
Premiums, reinsurance and other receivables
13,847
13,113
Deferred policy acquisition costs and value of business acquired
4,711
5,086
Current income tax recoverable
21
1
Other assets
476
509
Separate account assets
96,782
91,511
Total assets
$
214,847
$
195,830
Liabilities and Equity
Liabilities
Future policy benefits
$
39,232
$
35,588
Policyholder account balances
44,325
39,330
Other policy-related balances
2,778
2,728
Payables for collateral under securities loaned and other transactions
5,271
5,047
Long-term debt
845
434
Current income tax payable
—
2
Deferred income tax liability
1,680
944
Other liabilities
4,112
3,455
Separate account liabilities
96,782
91,511
Total liabilities
195,025
179,039
Contingencies, Commitments and Guarantees (Note 10)
Equity
Brighthouse Life Insurance Company’s stockholder’s equity:
Common stock, par value $25,000 per share; 4,000 shares authorized; 3,000 shares issued and outstanding
75
75
Additional paid-in capital
19,073
19,073
Retained earnings (deficit)
(2,873
)
(3,090
)
Accumulated other comprehensive income (loss)
3,532
718
Total Brighthouse Life Insurance Company’s stockholder’s equity
19,807
16,776
Noncontrolling interests
15
15
Total equity
19,822
16,791
Total liabilities and equity
$
214,847
$
195,830
See accompanying notes to the interim condensed consolidated financial statements.
Brighthouse Life Insurance Company
(An Indirect Wholly-Owned Subsidiary of Brighthouse Financial, Inc.)
Interim Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
For the Three Months and Nine Months Ended September 30, 2019 and 2018 (Unaudited)
(In millions)
Copy Copy+ History
Three Months Ended
Nine Months Ended
2019
2018
2019
2018
Revenues
Premiums
$
206
$
218
$
649
$
653
Universal life and investment-type product policy fees
725
826
2,190
2,447
Net investment income
904
828
2,610
2,400
Other revenues
68
73
199
222
Net investment gains (losses)
14
(42
)
60
(120
)
Net derivative gains (losses)
984
(665
)
(218
)
(1,230
)
Total revenues
2,901
1,238
5,490
4,372
Expenses
Policyholder benefits and claims
1,282
805
2,836
2,312
Interest credited to policyholder account balances
263
265
771
785
Amortization of deferred policy acquisition costs and value of business acquired
184
66
358
582
Other expenses
464
509
1,353
1,353
Total expenses
2,193
1,645
5,318
5,032
Income (loss) before provision for income tax
708
(407
)
172
(660
)
Provision for income tax expense (benefit)
99
(108
)
(46
)
(195
)
Net income (loss)
609
(299
)
218
(465
)
Less: Net income (loss) attributable to noncontrolling interests
—
—
1
—
Net income (loss) attributable to Brighthouse Life Insurance Company
$
609
$
(299
)
$
217
$
(465
)
Comprehensive income (loss)
$
1,467
$
(554
)
$
3,032
$
(1,663
)
Less: Comprehensive income (loss) attributable to noncontrolling interests
—
—
1
—
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company
$
1,467
$
(554
)
$
3,031
$
(1,663
)
See accompanying notes to the interim condensed consolidated financial statements.
Brighthouse Life Insurance Company
(An Indirect Wholly-Owned Subsidiary of Brighthouse Financial, Inc.)
Interim Condensed Consolidated Statements of Equity
For the Three Months and Nine Months Ended September 30, 2019 and 2018 (Unaudited)
(In millions)
Copy Copy+ History
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
(Deficit)
Accumulated
Other
Comprehensive
Income (Loss)
Brighthouse Life Insurance Company’s Stockholder’s Equity
Noncontrolling Interests
Total
Equity
Balance at December 31, 2018
$
75
$
19,073
$
(3,090
)
$
718
$
16,776
$
15
$
16,791
Change in noncontrolling interests
—
(1
)
(1
)
Net income (loss)
(392
)
(392
)
1
(391
)
Other comprehensive income (loss), net of income tax
1,956
1,956
1,956
Balance at June 30, 2019
75
19,073
(3,482
)
2,674
18,340
15
18,355
Net income (loss)
609
609
609
Other comprehensive income (loss), net of income tax
858
858
858
Balance at September 30, 2019
$
75
$
19,073
$
(2,873
)
$
3,532
$
19,807
$
15
$
19,822
Copy Copy+ History
Common
Stock
Additional
Paid-in
Capital
Retained
Accumulated
Other
Comprehensive
Income (Loss)
Brighthouse Life Insurance Company’s Stockholder’s Equity
Noncontrolling Interests
Total
Equity
Balance at December 31, 2017
$
75
$
19,073
$
(4,132
)
$
1,837
$
16,853
$
15
$
16,868
Cumulative effect of change in accounting principle and other, net of income tax
75
(79
)
(4
)
(4
)
Balance at January 1, 2018
75
19,073
(4,057
)
1,758
16,849
15
16,864
Net income (loss)
(166
)
(166
)
(166
)
Other comprehensive income (loss), net of income tax
(943
)
(943
)
(943
)
Balance at June 30, 2018
75
19,073
(4,223
)
815
15,740
15
15,755
Net income (loss)
(299
)
(299
)
(299
)
Other comprehensive income (loss), net of income tax
(255
)
(255
)
(255
)
Balance at September 30, 2018
$
75
$
19,073
$
(4,522
)
$
560
$
15,186
$
15
$
15,201
See accompanying notes to the interim condensed consolidated financial statements.
Brighthouse Life Insurance Company
(An Indirect Wholly-Owned Subsidiary of Brighthouse Financial, Inc.)
Interim Condensed Consolidated Statements of Cash Flows
For the Nine Months Ended September 30, 2019 and 2018 (Unaudited)
(In millions)
Copy Copy+ History
Nine Months Ended
2019
2018
Net cash provided by (used in) operating activities
$
1,643
$
1,960
Cash flows from investing activities
Sales, maturities and repayments of:
Fixed maturity securities
11,160
11,533
Equity securities
29
15
Mortgage loans
924
443
Real estate limited partnerships and limited liability companies
2
87
Other limited partnership interests
203
137
Purchases of:
Fixed maturity securities
(12,982
)
(11,802
)
Equity securities
(3
)
(1
)
Mortgage loans
(2,625
)
(2,771
)
Real estate limited partnerships and limited liability companies
(13
)
(31
)
Other limited partnership interests
(308
)
(194
)
Cash received in connection with freestanding derivatives
1,178
1,140
Cash paid in connection with freestanding derivatives
(1,704
)
(2,284
)
Issuance of loan to affiliate
—
(2
)
Net change in policy loans
86
80
Net change in short-term investments
(1,477
)
154
Net change in other invested assets
21
35
Net cash provided by (used in) investing activities
(5,509
)
(3,461
)
Cash flows from financing activities
Policyholder account balances:
Deposits
5,279
4,259
Withdrawals
(1,963
)
(2,129
)
Net change in payables for collateral under securities loaned and other transactions
224
(125
)
Long-term debt issued
412
200
Long-term debt repaid
(1
)
