Company Quick10K Filing
Brighthouse Life Insurance
Price9.87 EPS72,667
Shares0 P/E0
MCap0 P/FCF0
Net Debt-2,875 EBIT392
TEV-2,875 TEV/EBIT-7
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-09-30 Filed 2020-11-09
10-Q 2020-06-30 Filed 2020-08-10
10-Q 2020-03-31 Filed 2020-05-12
10-K 2019-12-31 Filed 2020-03-05
10-Q 2019-09-30 Filed 2019-11-06
10-Q 2019-06-30 Filed 2019-08-07
10-Q 2019-03-31 Filed 2019-05-08
10-K 2018-12-31 Filed 2019-03-05
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-22
10-Q 2017-09-30 Filed 2017-11-13
10-Q 2017-06-30 Filed 2017-08-11
10-Q 2017-03-31 Filed 2017-05-11
10-K 2016-12-31 Filed 2017-03-28
10-Q 2016-09-30 Filed 2016-11-09
10-Q 2016-06-30 Filed 2016-08-12
10-Q 2016-03-31 Filed 2016-05-12
10-K 2015-12-31 Filed 2016-03-25
10-Q 2015-09-30 Filed 2015-11-12
10-Q 2015-06-30 Filed 2015-08-12
10-Q 2015-03-31 Filed 2015-05-13
10-K 2014-12-31 Filed 2015-03-30
10-Q 2014-09-30 Filed 2014-11-12
10-Q 2014-06-30 Filed 2014-08-13
10-Q 2014-03-31 Filed 2014-05-14
10-K 2013-12-31 Filed 2014-03-31
10-Q 2013-09-30 Filed 2013-11-13
10-Q 2013-06-30 Filed 2013-08-12
10-Q 2013-03-31 Filed 2013-05-10
10-K 2012-12-31 Filed 2013-03-22
10-Q 2012-09-30 Filed 2012-11-13
10-Q 2012-06-30 Filed 2012-08-10
10-Q 2012-03-31 Filed 2012-05-10
10-K 2011-12-31 Filed 2012-03-22
10-Q 2011-09-30 Filed 2011-11-10
10-Q 2011-06-30 Filed 2011-08-12
10-Q 2011-03-31 Filed 2011-05-12
10-K 2010-12-31 Filed 2011-03-23
10-Q 2010-09-30 Filed 2010-11-12
10-Q 2010-06-30 Filed 2010-08-13
10-Q 2010-03-31 Filed 2010-05-12
10-K 2009-12-31 Filed 2010-03-24
8-K 2019-02-05

BHL 10Q Quarterly Report

Part I - Financial Information
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 4. Controls and Procedures
Part II - Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 6. Exhibits
EX-31.1 blic20200930-ex311next.htm
EX-31.2 blic20200930-ex312next.htm
EX-32.1 blic20200930-ex321next.htm
EX-32.2 blic20200930-ex322next.htm

Brighthouse Life Insurance Earnings 2020-09-30

Balance SheetIncome StatementCash Flow
220176132884402012201420172020
Assets, Equity
3.02.11.30.4-0.4-1.32012201420172020
Rev, G Profit, Net Income
10.06.02.0-2.0-6.0-10.02012201420172020
Ops, Inv, Fin

bhl-20200930
false2020Q30000733076--12-3110010000007330762020-01-012020-09-30xbrli:shares00007330762020-11-09iso4217:USD00007330762020-09-3000007330762019-12-31iso4217:USDxbrli:shares00007330762020-07-012020-09-3000007330762019-07-012019-09-3000007330762019-01-012019-09-300000733076us-gaap:CommonStockMember2019-12-310000733076us-gaap:AdditionalPaidInCapitalMember2019-12-310000733076us-gaap:RetainedEarningsMember2019-12-310000733076us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310000733076us-gaap:ParentMember2019-12-310000733076us-gaap:NoncontrollingInterestMember2019-12-310000733076srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2019-12-310000733076srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310000733076srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ParentMember2019-12-310000733076srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310000733076us-gaap:CommonStockMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076us-gaap:AdditionalPaidInCapitalMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076us-gaap:RetainedEarningsMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076us-gaap:AccumulatedOtherComprehensiveIncomeMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076us-gaap:ParentMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076us-gaap:NoncontrollingInterestMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076us-gaap:AdditionalPaidInCapitalMember2020-01-012020-06-300000733076us-gaap:RetainedEarningsMember2020-01-012020-06-300000733076us-gaap:ParentMember2020-01-012020-06-3000007330762020-01-012020-06-300000733076us-gaap:NoncontrollingInterestMember2020-01-012020-06-300000733076us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-300000733076us-gaap:CommonStockMember2020-06-300000733076us-gaap:AdditionalPaidInCapitalMember2020-06-300000733076us-gaap:RetainedEarningsMember2020-06-300000733076us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300000733076us-gaap:ParentMember2020-06-300000733076us-gaap:NoncontrollingInterestMember2020-06-3000007330762020-06-300000733076us-gaap:RetainedEarningsMember2020-07-012020-09-300000733076us-gaap:ParentMember2020-07-012020-09-300000733076us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-07-012020-09-300000733076us-gaap:CommonStockMember2020-09-300000733076us-gaap:AdditionalPaidInCapitalMember2020-09-300000733076us-gaap:RetainedEarningsMember2020-09-300000733076us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-300000733076us-gaap:ParentMember2020-09-300000733076us-gaap:NoncontrollingInterestMember2020-09-300000733076us-gaap:CommonStockMember2018-12-310000733076us-gaap:AdditionalPaidInCapitalMember2018-12-310000733076us-gaap:RetainedEarningsMember2018-12-310000733076us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310000733076us-gaap:ParentMember2018-12-310000733076us-gaap:NoncontrollingInterestMember2018-12-3100007330762018-12-310000733076us-gaap:ParentMember2019-01-012019-06-300000733076us-gaap:NoncontrollingInterestMember2019-01-012019-06-3000007330762019-01-012019-06-300000733076us-gaap:RetainedEarningsMember2019-01-012019-06-300000733076us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-06-300000733076us-gaap:CommonStockMember2019-06-300000733076us-gaap:AdditionalPaidInCapitalMember2019-06-300000733076us-gaap:RetainedEarningsMember2019-06-300000733076us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300000733076us-gaap:ParentMember2019-06-300000733076us-gaap:NoncontrollingInterestMember2019-06-3000007330762019-06-300000733076us-gaap:RetainedEarningsMember2019-07-012019-09-300000733076us-gaap:ParentMember2019-07-012019-09-300000733076us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-300000733076us-gaap:CommonStockMember2019-09-300000733076us-gaap:AdditionalPaidInCapitalMember2019-09-300000733076us-gaap:RetainedEarningsMember2019-09-300000733076us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-300000733076us-gaap:ParentMember2019-09-300000733076us-gaap:NoncontrollingInterestMember2019-09-3000007330762019-09-30bhl:segment0000733076bhl:AnnuitiesMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000733076us-gaap:OperatingSegmentsMemberbhl:LifeMember2020-07-012020-09-300000733076bhl:RunoffMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000733076us-gaap:CorporateAndOtherMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000733076us-gaap:OperatingSegmentsMember2020-07-012020-09-300000733076us-gaap:MaterialReconcilingItemsMember2020-07-012020-09-300000733076bhl:AnnuitiesMember2020-07-012020-09-300000733076bhl:LifeMember2020-07-012020-09-300000733076bhl:RunoffMember2020-07-012020-09-300000733076us-gaap:CorporateAndOtherMember2020-07-012020-09-300000733076bhl:AnnuitiesMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000733076us-gaap:OperatingSegmentsMemberbhl:LifeMember2019-07-012019-09-300000733076bhl:RunoffMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000733076us-gaap:CorporateAndOtherMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000733076us-gaap:OperatingSegmentsMember2019-07-012019-09-300000733076us-gaap:MaterialReconcilingItemsMember2019-07-012019-09-300000733076bhl:AnnuitiesMember2019-07-012019-09-300000733076bhl:LifeMember2019-07-012019-09-300000733076bhl:RunoffMember2019-07-012019-09-300000733076us-gaap:CorporateAndOtherMember2019-07-012019-09-300000733076bhl:AnnuitiesMemberus-gaap:OperatingSegmentsMember2020-01-012020-09-300000733076us-gaap:OperatingSegmentsMemberbhl:LifeMember2020-01-012020-09-300000733076bhl:RunoffMemberus-gaap:OperatingSegmentsMember2020-01-012020-09-300000733076us-gaap:CorporateAndOtherMemberus-gaap:OperatingSegmentsMember2020-01-012020-09-300000733076us-gaap:OperatingSegmentsMember2020-01-012020-09-300000733076us-gaap:MaterialReconcilingItemsMember2020-01-012020-09-300000733076bhl:AnnuitiesMember2020-01-012020-09-300000733076bhl:LifeMember2020-01-012020-09-300000733076bhl:RunoffMember2020-01-012020-09-300000733076us-gaap:CorporateAndOtherMember2020-01-012020-09-300000733076bhl:AnnuitiesMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300000733076us-gaap:OperatingSegmentsMemberbhl:LifeMember2019-01-012019-09-300000733076bhl:RunoffMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300000733076us-gaap:CorporateAndOtherMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300000733076us-gaap:OperatingSegmentsMember2019-01-012019-09-300000733076us-gaap:MaterialReconcilingItemsMember2019-01-012019-09-300000733076bhl:AnnuitiesMember2019-01-012019-09-300000733076bhl:LifeMember2019-01-012019-09-300000733076bhl:RunoffMember2019-01-012019-09-300000733076us-gaap:CorporateAndOtherMember2019-01-012019-09-300000733076bhl:AnnuitiesMember2020-09-300000733076bhl:AnnuitiesMember2019-12-310000733076bhl:LifeMember2020-09-300000733076bhl:LifeMember2019-12-310000733076bhl:RunoffMember2020-09-300000733076bhl:RunoffMember2019-12-310000733076us-gaap:CorporateAndOtherMember2020-09-300000733076us-gaap:CorporateAndOtherMember2019-12-310000733076us-gaap:VariableAnnuityMemberus-gaap:GuaranteedMinimumDeathBenefitMember2020-09-300000733076us-gaap:VariableAnnuityMemberus-gaap:AnnuitizationBenefitMember2020-09-300000733076us-gaap:VariableAnnuityMemberus-gaap:GuaranteedMinimumDeathBenefitMember2019-12-310000733076us-gaap:VariableAnnuityMemberus-gaap:AnnuitizationBenefitMember2019-12-310000733076us-gaap:VariableAnnuityMemberus-gaap:GuaranteedMinimumDeathBenefitMember2020-01-012020-09-300000733076us-gaap:VariableAnnuityMemberus-gaap:AnnuitizationBenefitMember2020-01-012020-09-300000733076us-gaap:VariableAnnuityMemberus-gaap:GuaranteedMinimumDeathBenefitMember2019-01-012019-12-310000733076us-gaap:VariableAnnuityMemberus-gaap:AnnuitizationBenefitMember2019-01-012019-12-310000733076bhl:SecondaryGuaranteesMemberus-gaap:UniversalLifeMember2020-09-300000733076bhl:SecondaryGuaranteesMemberus-gaap:UniversalLifeMember2019-12-310000733076bhl:SecondaryGuaranteesMemberus-gaap:UniversalLifeMember2020-01-012020-09-300000733076bhl:SecondaryGuaranteesMemberus-gaap:UniversalLifeMember2019-01-012019-12-310000733076us-gaap:VariableLifeMemberbhl:SecondaryGuaranteesMember2020-09-300000733076us-gaap:VariableLifeMemberbhl:SecondaryGuaranteesMember2019-12-310000733076us-gaap:VariableLifeMemberbhl:SecondaryGuaranteesMember2020-01-012020-09-300000733076us-gaap:VariableLifeMemberbhl:SecondaryGuaranteesMember2019-01-012019-12-310000733076us-gaap:DomesticCorporateDebtSecuritiesMember2020-09-300000733076us-gaap:DomesticCorporateDebtSecuritiesMember2019-12-310000733076us-gaap:ForeignCorporateDebtSecuritiesMember2020-09-300000733076us-gaap:ForeignCorporateDebtSecuritiesMember2019-12-310000733076us-gaap:ResidentialMortgageBackedSecuritiesMember2020-09-300000733076us-gaap:ResidentialMortgageBackedSecuritiesMember2019-12-310000733076us-gaap:USTreasuryAndGovernmentMember2020-09-300000733076us-gaap:USTreasuryAndGovernmentMember2019-12-310000733076us-gaap:CommercialMortgageBackedSecuritiesMember2020-09-300000733076us-gaap:CommercialMortgageBackedSecuritiesMember2019-12-310000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2020-09-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2019-12-310000733076us-gaap:AssetBackedSecuritiesMember2020-09-300000733076us-gaap:AssetBackedSecuritiesMember2019-12-310000733076us-gaap:ForeignGovernmentDebtSecuritiesMember2020-09-300000733076us-gaap:ForeignGovernmentDebtSecuritiesMember2019-12-310000733076bhl:NonIncomeProducingMember2019-12-310000733076bhl:NonIncomeProducingMember2020-09-30xbrli:pure0000733076us-gaap:DebtSecuritiesMember2020-09-300000733076us-gaap:DomesticCorporateDebtSecuritiesMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076us-gaap:ForeignCorporateDebtSecuritiesMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076us-gaap:DomesticCorporateDebtSecuritiesMember2020-01-012020-09-300000733076us-gaap:ForeignCorporateDebtSecuritiesMember2020-01-012020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000733076bhl:AgriculturalPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300000733076bhl:AgriculturalPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310000733076us-gaap:RealEstateLoanMemberus-gaap:ResidentialPortfolioSegmentMember2020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000733076us-gaap:RealEstateLoanMember2020-09-300000733076us-gaap:RealEstateLoanMember2019-12-310000733076us-gaap:RealEstateLoanMember2020-07-012020-09-300000733076us-gaap:RealEstateLoanMember2020-01-012020-09-300000733076us-gaap:RealEstateLoanMember2019-07-012019-09-300000733076us-gaap:RealEstateLoanMember2019-01-012019-09-300000733076srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000733076srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberbhl:AgriculturalPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310000733076srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RealEstateLoanMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000733076srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RealEstateLoanMember2019-12-310000733076us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076bhl:AgriculturalPortfolioSegmentMemberus-gaap:RealEstateLoanMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076us-gaap:RealEstateLoanMemberus-gaap:ResidentialPortfolioSegmentMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076us-gaap:RealEstateLoanMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310000733076us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2020-01-012020-09-300000733076bhl:AgriculturalPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:ResidentialPortfolioSegmentMember2020-01-012020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberbhl:LtvLessThan65PercentMember2020-09-300000733076us-gaap:RealEstateLoanMemberbhl:Ltv65To75PercentMemberus-gaap:CommercialPortfolioSegmentMember2020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberbhl:Ltv76To80PercentMember2020-09-300000733076us-gaap:RealEstateLoanMemberbhl:LtvGreaterThan80PercentMemberus-gaap:CommercialPortfolioSegmentMember2020-09-300000733076bhl:AgriculturalPortfolioSegmentMemberus-gaap:RealEstateLoanMemberbhl:LtvLessThan65PercentMember2020-09-300000733076bhl:AgriculturalPortfolioSegmentMemberus-gaap:RealEstateLoanMemberbhl:Ltv65To75PercentMember2020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2020-09-300000733076us-gaap:NonperformingFinancingReceivableMemberus-gaap:RealEstateLoanMemberus-gaap:ResidentialPortfolioSegmentMember2020-09-300000733076us-gaap:RealEstateLoanMemberbhl:DscGreaterThan120PercentMemberus-gaap:CommercialPortfolioSegmentMember2020-09-300000733076us-gaap:RealEstateLoanMemberbhl:DscGreaterThan120PercentMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000733076us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberbhl:Dsc100To120PercentMember2020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberbhl:Dsc100To120PercentMember2019-12-310000733076us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberbhl:DscLessThan100PercentMember2020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberbhl:DscLessThan100PercentMember2019-12-310000733076us-gaap:RealEstateLoanMembersrt:MinimumMemberus-gaap:PerformingFinancingReceivableMember2020-09-300000733076us-gaap:RealEstateLoanMembersrt:MinimumMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000733076us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2020-09-300000733076us-gaap:FinancingReceivables30To59DaysPastDueMemberbhl:AgriculturalPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300000733076us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:RealEstateLoanMemberus-gaap:ResidentialPortfolioSegmentMember2020-09-300000733076us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:RealEstateLoanMember2020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300000733076bhl:AgriculturalPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300000733076us-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300000733076us-gaap:RealEstateLoanMemberbhl:FinancingReceivables90To179DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2020-09-300000733076bhl:AgriculturalPortfolioSegmentMemberus-gaap:RealEstateLoanMemberbhl:FinancingReceivables90To179DaysPastDueMember2020-09-300000733076us-gaap:RealEstateLoanMemberbhl:FinancingReceivables90To179DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2020-09-300000733076us-gaap:RealEstateLoanMemberbhl:FinancingReceivables90To179DaysPastDueMember2020-09-300000733076us-gaap:RealEstateLoanMemberbhl:FinancingReceivablesEqualToGreaterThan180DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2020-09-300000733076bhl:AgriculturalPortfolioSegmentMemberus-gaap:RealEstateLoanMemberbhl:FinancingReceivablesEqualToGreaterThan180DaysPastDueMember2020-09-300000733076us-gaap:RealEstateLoanMemberbhl:FinancingReceivablesEqualToGreaterThan180DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2020-09-300000733076us-gaap:RealEstateLoanMemberbhl:FinancingReceivablesEqualToGreaterThan180DaysPastDueMember2020-09-300000733076srt:MinimumMember2020-09-300000733076us-gaap:SecuritiesFinancingTransactionCostMember2020-09-300000733076us-gaap:SecuritiesFinancingTransactionCostMember2019-12-310000733076us-gaap:SecuritiesFinancingTransactionFairValueMember2020-09-300000733076us-gaap:SecuritiesFinancingTransactionFairValueMember2019-12-310000733076us-gaap:USTreasuryAndGovernmentMemberus-gaap:MaturityOvernightMember2020-09-300000733076us-gaap:MaturityUpTo30DaysMemberus-gaap:USTreasuryAndGovernmentMember2020-09-300000733076us-gaap:USTreasuryAndGovernmentMemberbhl:Maturity30to180DaysMember2020-09-300000733076us-gaap:USTreasuryAndGovernmentMemberus-gaap:MaturityOvernightMember2019-12-310000733076us-gaap:MaturityUpTo30DaysMemberus-gaap:USTreasuryAndGovernmentMember2019-12-310000733076us-gaap:USTreasuryAndGovernmentMemberbhl:Maturity30to180DaysMember2019-12-310000733076us-gaap:ForeignCorporateDebtSecuritiesMemberus-gaap:MaturityOvernightMember2020-09-300000733076us-gaap:MaturityUpTo30DaysMemberus-gaap:ForeignCorporateDebtSecuritiesMember2020-09-300000733076us-gaap:ForeignCorporateDebtSecuritiesMemberbhl:Maturity30to180DaysMember2020-09-300000733076us-gaap:ForeignCorporateDebtSecuritiesMemberus-gaap:MaturityOvernightMember2019-12-310000733076us-gaap:MaturityUpTo30DaysMemberus-gaap:ForeignCorporateDebtSecuritiesMember2019-12-310000733076us-gaap:ForeignCorporateDebtSecuritiesMemberbhl:Maturity30to180DaysMember2019-12-310000733076us-gaap:MaturityOvernightMember2020-09-300000733076us-gaap:MaturityUpTo30DaysMember2020-09-300000733076bhl:Maturity30to180DaysMember2020-09-300000733076us-gaap:MaturityOvernightMember2019-12-310000733076us-gaap:MaturityUpTo30DaysMember2019-12-310000733076bhl:Maturity30to180DaysMember2019-12-310000733076bhl:RestrictedCashAndCashEquivalentsMember2020-09-300000733076bhl:RestrictedCashAndCashEquivalentsMember2019-12-310000733076us-gaap:DebtSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-09-300000733076us-gaap:DebtSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-12-310000733076us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:RealEstateInvestmentMember2020-09-300000733076us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:RealEstateInvestmentMember2019-12-310000733076us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-09-300000733076us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-12-310000733076us-gaap:DebtSecuritiesMember2020-07-012020-09-300000733076us-gaap:DebtSecuritiesMember2019-07-012019-09-300000733076us-gaap:DebtSecuritiesMember2020-01-012020-09-300000733076us-gaap:DebtSecuritiesMember2019-01-012019-09-300000733076us-gaap:EquitySecuritiesMember2020-07-012020-09-300000733076us-gaap:EquitySecuritiesMember2019-07-012019-09-300000733076us-gaap:EquitySecuritiesMember2020-01-012020-09-300000733076us-gaap:EquitySecuritiesMember2019-01-012019-09-300000733076us-gaap:MortgagesMember2020-07-012020-09-300000733076us-gaap:MortgagesMember2019-07-012019-09-300000733076us-gaap:MortgagesMember2020-01-012020-09-300000733076us-gaap:MortgagesMember2019-01-012019-09-300000733076us-gaap:PolicyLoansMember2020-07-012020-09-300000733076us-gaap:PolicyLoansMember2019-07-012019-09-300000733076us-gaap:PolicyLoansMember2020-01-012020-09-300000733076us-gaap:PolicyLoansMember2019-01-012019-09-300000733076us-gaap:RealEstateInvestmentMember2020-07-012020-09-300000733076us-gaap:RealEstateInvestmentMember2019-07-012019-09-300000733076us-gaap:RealEstateInvestmentMember2020-01-012020-09-300000733076us-gaap:RealEstateInvestmentMember2019-01-012019-09-300000733076us-gaap:CashAndCashEquivalentsMember2020-07-012020-09-300000733076us-gaap:CashAndCashEquivalentsMember2019-07-012019-09-300000733076us-gaap:CashAndCashEquivalentsMember2020-01-012020-09-300000733076us-gaap:CashAndCashEquivalentsMember2019-01-012019-09-300000733076us-gaap:OtherInvestmentsMember2020-07-012020-09-300000733076us-gaap:OtherInvestmentsMember2019-07-012019-09-300000733076us-gaap:OtherInvestmentsMember2020-01-012020-09-300000733076us-gaap:OtherInvestmentsMember2019-01-012019-09-300000733076us-gaap:LimitedPartnerMember2020-07-012020-09-300000733076us-gaap:LimitedPartnerMember2020-01-012020-09-300000733076us-gaap:LimitedPartnerMember2019-01-012019-09-300000733076us-gaap:LimitedPartnerMember2019-07-012019-09-300000733076us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberbhl:InterestrateforwardMember2020-09-300000733076us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberbhl:InterestrateforwardMember2019-12-310000733076us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMember2020-09-300000733076us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMember2019-12-310000733076us-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000733076us-gaap:DesignatedAsHedgingInstrumentMember2019-12-310000733076us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2020-09-300000733076us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2019-12-310000733076us-gaap:InterestRateCapMemberus-gaap:NondesignatedMember2020-09-300000733076us-gaap:InterestRateCapMemberus-gaap:NondesignatedMember2019-12-310000733076us-gaap:InterestRateSwaptionMemberus-gaap:NondesignatedMember2020-09-300000733076us-gaap:InterestRateSwaptionMemberus-gaap:NondesignatedMember2019-12-310000733076us-gaap:NondesignatedMemberbhl:InterestrateforwardMember2020-09-300000733076us-gaap:NondesignatedMemberbhl:InterestrateforwardMember2019-12-310000733076us-gaap:NondesignatedMemberus-gaap:CurrencySwapMember2020-09-300000733076us-gaap:NondesignatedMemberus-gaap:CurrencySwapMember2019-12-310000733076us-gaap:ForeignExchangeForwardMemberus-gaap:NondesignatedMember2020-09-300000733076us-gaap:ForeignExchangeForwardMemberus-gaap:NondesignatedMember2019-12-310000733076us-gaap:CreditDefaultSwapBuyingProtectionMemberus-gaap:NondesignatedMember2020-09-300000733076us-gaap:CreditDefaultSwapBuyingProtectionMemberus-gaap:NondesignatedMember2019-12-310000733076us-gaap:NondesignatedMemberus-gaap:CreditDefaultSwapSellingProtectionMember2020-09-300000733076us-gaap:NondesignatedMemberus-gaap:CreditDefaultSwapSellingProtectionMember2019-12-310000733076us-gaap:StockOptionMemberus-gaap:NondesignatedMember2020-09-300000733076us-gaap:StockOptionMemberus-gaap:NondesignatedMember2019-12-310000733076us-gaap:VarianceSwapMemberus-gaap:NondesignatedMember2020-09-300000733076us-gaap:VarianceSwapMemberus-gaap:NondesignatedMember2019-12-310000733076bhl:EquityTotalReturnSwapsMemberus-gaap:NondesignatedMember2020-09-300000733076bhl:EquityTotalReturnSwapsMemberus-gaap:NondesignatedMember2019-12-310000733076us-gaap:NondesignatedMember2020-09-300000733076us-gaap:NondesignatedMember2019-12-310000733076bhl:CededGuaranteedMinimumBenefitMember2020-09-300000733076bhl:CededGuaranteedMinimumBenefitMember2019-12-310000733076bhl:DirectindexlinkedannuitiesMember2020-09-300000733076bhl:DirectindexlinkedannuitiesMember2019-12-310000733076bhl:DirectGuaranteedMinimumBenefitMember2020-09-300000733076bhl:DirectGuaranteedMinimumBenefitMember2019-12-310000733076bhl:AssumedGuaranteedMinimumBenefitMember2020-09-300000733076bhl:AssumedGuaranteedMinimumBenefitMember2019-12-310000733076bhl:AssumedReinsuranceMemberbhl:DirectindexlinkedannuitiesMember2020-09-300000733076bhl:AssumedReinsuranceMemberbhl:DirectindexlinkedannuitiesMember2019-12-310000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMemberus-gaap:InterestRateContractMember2020-07-012020-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InterestRateContractMember2020-07-012020-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMemberus-gaap:InterestRateContractMember2020-07-012020-09-300000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMemberus-gaap:ForeignExchangeContractMember2020-07-012020-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMember2020-07-012020-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMemberus-gaap:ForeignExchangeContractMember2020-07-012020-09-300000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMember2020-07-012020-09-300000733076us-gaap:CashFlowHedgingMember2020-07-012020-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMember2020-07-012020-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMemberus-gaap:InterestRateContractMember2020-07-012020-09-300000733076us-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2020-07-012020-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMemberus-gaap:InterestRateContractMember2020-07-012020-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMemberus-gaap:ForeignExchangeContractMember2020-07-012020-09-300000733076us-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMember2020-07-012020-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMemberus-gaap:ForeignExchangeContractMember2020-07-012020-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2020-07-012020-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMember2020-07-012020-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2020-07-012020-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2020-07-012020-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMember2020-07-012020-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2020-07-012020-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2020-07-012020-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMember2020-07-012020-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2020-07-012020-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2020-07-012020-09-300000733076us-gaap:NondesignatedMember2020-07-012020-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2020-07-012020-09-300000733076bhl:NetDerivativeGainLossMember2020-07-012020-09-300000733076us-gaap:InvestmentIncomeMember2020-07-012020-09-300000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMemberus-gaap:InterestRateContractMember2019-07-012019-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InterestRateContractMember2019-07-012019-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMemberus-gaap:InterestRateContractMember2019-07-012019-09-300000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMemberus-gaap:ForeignExchangeContractMember2019-07-012019-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMember2019-07-012019-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMemberus-gaap:ForeignExchangeContractMember2019-07-012019-09-300000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMember2019-07-012019-09-300000733076us-gaap:CashFlowHedgingMember2019-07-012019-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMember2019-07-012019-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMemberus-gaap:InterestRateContractMember2019-07-012019-09-300000733076us-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2019-07-012019-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMemberus-gaap:InterestRateContractMember2019-07-012019-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMemberus-gaap:ForeignExchangeContractMember2019-07-012019-09-300000733076us-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMember2019-07-012019-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMemberus-gaap:ForeignExchangeContractMember2019-07-012019-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2019-07-012019-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMember2019-07-012019-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2019-07-012019-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2019-07-012019-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMember2019-07-012019-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2019-07-012019-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2019-07-012019-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMember2019-07-012019-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2019-07-012019-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2019-07-012019-09-300000733076us-gaap:NondesignatedMember2019-07-012019-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2019-07-012019-09-300000733076bhl:NetDerivativeGainLossMember2019-07-012019-09-300000733076us-gaap:InvestmentIncomeMember2019-07-012019-09-300000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMemberus-gaap:InterestRateContractMember2020-01-012020-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InterestRateContractMember2020-01-012020-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMemberus-gaap:InterestRateContractMember2020-01-012020-09-300000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMemberus-gaap:ForeignExchangeContractMember2020-01-012020-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMember2020-01-012020-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMemberus-gaap:ForeignExchangeContractMember2020-01-012020-09-300000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMember2020-01-012020-09-300000733076us-gaap:CashFlowHedgingMember2020-01-012020-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMember2020-01-012020-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMemberus-gaap:InterestRateContractMember2020-01-012020-09-300000733076us-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2020-01-012020-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMemberus-gaap:InterestRateContractMember2020-01-012020-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMemberus-gaap:ForeignExchangeContractMember2020-01-012020-09-300000733076us-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMember2020-01-012020-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMemberus-gaap:ForeignExchangeContractMember2020-01-012020-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2020-01-012020-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMember2020-01-012020-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2020-01-012020-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2020-01-012020-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMember2020-01-012020-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2020-01-012020-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2020-01-012020-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMember2020-01-012020-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2020-01-012020-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2020-01-012020-09-300000733076us-gaap:NondesignatedMember2020-01-012020-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2020-01-012020-09-300000733076bhl:NetDerivativeGainLossMember2020-01-012020-09-300000733076us-gaap:InvestmentIncomeMember2020-01-012020-09-300000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMemberus-gaap:InterestRateContractMember2019-01-012019-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InterestRateContractMember2019-01-012019-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMemberus-gaap:InterestRateContractMember2019-01-012019-09-300000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMemberus-gaap:ForeignExchangeContractMember2019-01-012019-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMember2019-01-012019-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMemberus-gaap:ForeignExchangeContractMember2019-01-012019-09-300000733076us-gaap:CashFlowHedgingMemberbhl:NetDerivativeGainLossMember2019-01-012019-09-300000733076us-gaap:CashFlowHedgingMember2019-01-012019-09-300000733076us-gaap:CashFlowHedgingMemberus-gaap:InvestmentIncomeMember2019-01-012019-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMemberus-gaap:InterestRateContractMember2019-01-012019-09-300000733076us-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2019-01-012019-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMemberus-gaap:InterestRateContractMember2019-01-012019-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMemberus-gaap:ForeignExchangeContractMember2019-01-012019-09-300000733076us-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMember2019-01-012019-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMemberus-gaap:ForeignExchangeContractMember2019-01-012019-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2019-01-012019-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMember2019-01-012019-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2019-01-012019-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2019-01-012019-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMember2019-01-012019-09-300000733076us-gaap:EquityContractMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2019-01-012019-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2019-01-012019-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMember2019-01-012019-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2019-01-012019-09-300000733076us-gaap:NondesignatedMemberbhl:NetDerivativeGainLossMember2019-01-012019-09-300000733076us-gaap:NondesignatedMember2019-01-012019-09-300000733076us-gaap:NondesignatedMemberus-gaap:InvestmentIncomeMember2019-01-012019-09-300000733076bhl:NetDerivativeGainLossMember2019-01-012019-09-300000733076us-gaap:InvestmentIncomeMember2019-01-012019-09-300000733076us-gaap:CreditDefaultSwapMemberbhl:AaaAaMember2020-09-300000733076us-gaap:CreditDefaultSwapMemberbhl:AaaAaMember2020-01-012020-09-300000733076us-gaap:CreditDefaultSwapMemberbhl:AaaAaMember2019-12-310000733076us-gaap:CreditDefaultSwapMemberbhl:AaaAaMember2019-01-012019-12-310000733076bhl:BaaMemberus-gaap:CreditDefaultSwapMember2020-09-300000733076bhl:BaaMemberus-gaap:CreditDefaultSwapMember2020-01-012020-09-300000733076bhl:BaaMemberus-gaap:CreditDefaultSwapMember2019-12-310000733076bhl:BaaMemberus-gaap:CreditDefaultSwapMember2019-01-012019-12-3100007330762019-01-012019-12-310000733076us-gaap:FixedMaturitiesMember2020-09-300000733076us-gaap:FixedMaturitiesMember2019-12-310000733076us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DomesticCorporateDebtSecuritiesMember2020-09-300000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:DomesticCorporateDebtSecuritiesMember2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DomesticCorporateDebtSecuritiesMember2020-09-300000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DomesticCorporateDebtSecuritiesMember2020-09-300000733076us-gaap:FairValueInputsLevel1Memberus-gaap:ForeignCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:ForeignCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:ForeignCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:ForeignCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2020-09-300000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2020-09-300000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2020-09-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:FairValueInputsLevel1Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:FairValueInputsLevel1Memberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2020-09-300000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2020-09-300000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2020-09-300000733076us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2020-09-300000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2020-09-300000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2020-09-300000733076us-gaap:FairValueInputsLevel1Memberus-gaap:CreditRiskContractMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:CreditRiskContractMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:CreditRiskContractMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:FairValueInputsLevel1Memberus-gaap:EquityContractMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:EquityContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:EquityContractMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:EquityContractMemberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000733076us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DomesticCorporateDebtSecuritiesMember2019-12-310000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:DomesticCorporateDebtSecuritiesMember2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DomesticCorporateDebtSecuritiesMember2019-12-310000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DomesticCorporateDebtSecuritiesMember2019-12-310000733076us-gaap:FairValueInputsLevel1Memberus-gaap:ForeignCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:ForeignCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:ForeignCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:ForeignCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2019-12-310000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2019-12-310000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2019-12-310000733076us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:FairValueInputsLevel1Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:FairValueInputsLevel1Memberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2019-12-310000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2019-12-310000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2019-12-310000733076us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2019-12-310000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2019-12-310000733076us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2019-12-310000733076us-gaap:FairValueInputsLevel1Memberus-gaap:CreditRiskContractMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:CreditRiskContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:CreditRiskContractMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:CreditRiskContractMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:FairValueInputsLevel1Memberus-gaap:EquityContractMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:EquityContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:EquityContractMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:EquityContractMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMortalityRateMembersrt:MinimumMember2020-09-300000733076us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputMortalityRateMember2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMortalityRateMembersrt:MinimumMember2019-12-310000733076us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputMortalityRateMember2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputLapseRateMembersrt:MinimumMember2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputLapseRateMembersrt:MaximumMember2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputLapseRateMembersrt:MinimumMember2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputLapseRateMembersrt:MaximumMember2019-12-310000733076us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputUtilizationRateMember2020-09-300000733076us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputUtilizationRateMember2020-09-300000733076us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputUtilizationRateMember2019-12-310000733076us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputUtilizationRateMember2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputWithdrawalRateMembersrt:MinimumMember2020-09-300000733076us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputWithdrawalRateMember2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputWithdrawalRateMembersrt:MinimumMember2019-12-310000733076us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputWithdrawalRateMember2019-12-310000733076us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberbhl:MeasurementInputLongTermEquityVolatilitiesMember2020-09-300000733076us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberbhl:MeasurementInputLongTermEquityVolatilitiesMember2020-09-300000733076us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberbhl:MeasurementInputLongTermEquityVolatilitiesMember2019-12-310000733076us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberbhl:MeasurementInputLongTermEquityVolatilitiesMember2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEntityCreditRiskMembersrt:MinimumMember2020-09-300000733076us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputEntityCreditRiskMember2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEntityCreditRiskMembersrt:MinimumMember2019-12-310000733076us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputEntityCreditRiskMember2019-12-310000733076us-gaap:CorporateDebtSecuritiesMember2020-06-300000733076bhl:StructuredSecuritiesMember2020-06-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2020-06-300000733076us-gaap:EquitySecuritiesMember2020-06-300000733076us-gaap:ShortTermInvestmentsMember2020-06-300000733076bhl:NetDerivativesMember2020-06-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2020-06-300000733076bhl:SeparateAccountAssetsMember2020-06-300000733076us-gaap:CorporateDebtSecuritiesMember2020-07-012020-09-300000733076bhl:StructuredSecuritiesMember2020-07-012020-09-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2020-07-012020-09-300000733076us-gaap:EquitySecuritiesMember2020-07-012020-09-300000733076us-gaap:ShortTermInvestmentsMember2020-07-012020-09-300000733076bhl:NetDerivativesMember2020-07-012020-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2020-07-012020-09-300000733076bhl:SeparateAccountAssetsMember2020-07-012020-09-300000733076us-gaap:CorporateDebtSecuritiesMember2020-09-300000733076bhl:StructuredSecuritiesMember2020-09-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2020-09-300000733076us-gaap:EquitySecuritiesMember2020-09-300000733076us-gaap:ShortTermInvestmentsMember2020-09-300000733076bhl:NetDerivativesMember2020-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2020-09-300000733076bhl:SeparateAccountAssetsMember2020-09-300000733076us-gaap:CorporateDebtSecuritiesMember2019-06-300000733076bhl:StructuredSecuritiesMember2019-06-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2019-06-300000733076us-gaap:EquitySecuritiesMember2019-06-300000733076us-gaap:ShortTermInvestmentsMember2019-06-300000733076bhl:NetDerivativesMember2019-06-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2019-06-300000733076bhl:SeparateAccountAssetsMember2019-06-300000733076us-gaap:CorporateDebtSecuritiesMember2019-07-012019-09-300000733076bhl:StructuredSecuritiesMember2019-07-012019-09-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2019-07-012019-09-300000733076us-gaap:EquitySecuritiesMember2019-07-012019-09-300000733076us-gaap:ShortTermInvestmentsMember2019-07-012019-09-300000733076bhl:NetDerivativesMember2019-07-012019-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2019-07-012019-09-300000733076bhl:SeparateAccountAssetsMember2019-07-012019-09-300000733076us-gaap:CorporateDebtSecuritiesMember2019-09-300000733076bhl:StructuredSecuritiesMember2019-09-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2019-09-300000733076us-gaap:EquitySecuritiesMember2019-09-300000733076us-gaap:ShortTermInvestmentsMember2019-09-300000733076bhl:NetDerivativesMember2019-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2019-09-300000733076bhl:SeparateAccountAssetsMember2019-09-300000733076us-gaap:CorporateDebtSecuritiesMember2019-12-310000733076bhl:StructuredSecuritiesMember2019-12-310000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2019-12-310000733076us-gaap:EquitySecuritiesMember2019-12-310000733076us-gaap:ShortTermInvestmentsMember2019-12-310000733076bhl:NetDerivativesMember2019-12-310000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2019-12-310000733076bhl:SeparateAccountAssetsMember2019-12-310000733076us-gaap:CorporateDebtSecuritiesMember2020-01-012020-09-300000733076bhl:StructuredSecuritiesMember2020-01-012020-09-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2020-01-012020-09-300000733076us-gaap:EquitySecuritiesMember2020-01-012020-09-300000733076us-gaap:ShortTermInvestmentsMember2020-01-012020-09-300000733076bhl:NetDerivativesMember2020-01-012020-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2020-01-012020-09-300000733076bhl:SeparateAccountAssetsMember2020-01-012020-09-300000733076us-gaap:CorporateDebtSecuritiesMember2018-12-310000733076bhl:StructuredSecuritiesMember2018-12-310000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2018-12-310000733076us-gaap:EquitySecuritiesMember2018-12-310000733076us-gaap:ShortTermInvestmentsMember2018-12-310000733076bhl:NetDerivativesMember2018-12-310000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2018-12-310000733076bhl:SeparateAccountAssetsMember2018-12-310000733076us-gaap:CorporateDebtSecuritiesMember2019-01-012019-09-300000733076bhl:StructuredSecuritiesMember2019-01-012019-09-300000733076us-gaap:USStatesAndPoliticalSubdivisionsMember2019-01-012019-09-300000733076us-gaap:EquitySecuritiesMember2019-01-012019-09-300000733076us-gaap:ShortTermInvestmentsMember2019-01-012019-09-300000733076bhl:NetDerivativesMember2019-01-012019-09-300000733076us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2019-01-012019-09-300000733076bhl:SeparateAccountAssetsMember2019-01-012019-09-300000733076us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-09-300000733076us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2020-09-300000733076us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2020-09-300000733076us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300000733076us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300000733076us-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000733076us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2019-12-310000733076us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2019-12-310000733076us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310000733076us-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310000733076bhl:IntercompanyLiquidityFacilitiesMember2020-09-300000733076bhl:IntercompanyLiquidityFacilitiesMemberbhl:BrighthouseLifeInsuranceCompanyMember2020-03-300000733076bhl:IntercompanyLiquidityFacilitiesMemberbhl:BrighthouseHoldingsLLCMember2020-03-300000733076bhl:BRCDCommittedCreditFacilityMember2020-06-100000733076bhl:BRCDCommittedCreditFacilityMember2020-06-110000733076bhl:BRCDCommittedCreditFacilityMember2020-09-3000007330762020-01-012020-03-3100007330762020-04-012020-06-300000733076us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-06-300000733076us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-06-300000733076us-gaap:AccumulatedTranslationAdjustmentMember2020-06-300000733076us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-07-012020-09-300000733076us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-07-012020-09-300000733076us-gaap:AccumulatedTranslationAdjustmentMember2020-07-012020-09-300000733076us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-09-300000733076us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-09-300000733076us-gaap:AccumulatedTranslationAdjustmentMember2020-09-300000733076us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-06-300000733076us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-06-300000733076us-gaap:AccumulatedTranslationAdjustmentMember2019-06-300000733076us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-07-012019-09-300000733076us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-07-012019-09-300000733076us-gaap:AccumulatedTranslationAdjustmentMember2019-07-012019-09-300000733076us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-09-300000733076us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-09-300000733076us-gaap:AccumulatedTranslationAdjustmentMember2019-09-300000733076us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310000733076us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-12-310000733076us-gaap:AccumulatedTranslationAdjustmentMember2019-12-310000733076us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-012020-09-300000733076us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-01-012020-09-300000733076us-gaap:AccumulatedTranslationAdjustmentMember2020-01-012020-09-300000733076us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-12-310000733076us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2018-12-310000733076us-gaap:AccumulatedTranslationAdjustmentMember2018-12-310000733076us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-09-300000733076us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-01-012019-09-300000733076us-gaap:AccumulatedTranslationAdjustmentMember2019-01-012019-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-07-012020-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-07-012019-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-012020-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:InterestRateSwapMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-07-012020-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:InterestRateSwapMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-07-012019-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:InterestRateSwapMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-01-012020-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:InterestRateSwapMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-01-012019-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:CurrencySwapMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-07-012020-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:CurrencySwapMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-07-012019-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:CurrencySwapMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-01-012020-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:CurrencySwapMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-01-012019-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-07-012020-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-07-012019-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-01-012020-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-01-012019-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-07-012020-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-01-012020-09-300000733076us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2019-01-012019-09-300000733076us-gaap:DistributionServiceMember2020-07-012020-09-300000733076us-gaap:DistributionServiceMember2020-01-012020-09-300000733076us-gaap:DistributionServiceMember2019-07-012019-09-300000733076us-gaap:DistributionServiceMember2019-01-012019-09-300000733076srt:MaximumMember2020-09-300000733076srt:MaximumMemberbhl:NonLitigationLossMember2020-09-300000733076us-gaap:LoanOriginationCommitmentsMember2020-09-300000733076us-gaap:LoanOriginationCommitmentsMember2019-12-310000733076us-gaap:CommitmentsToExtendCreditMember2019-12-310000733076us-gaap:CommitmentsToExtendCreditMember2020-09-300000733076srt:AffiliatedEntityMemberbhl:AssumedReinsuranceMember2020-07-012020-09-300000733076srt:AffiliatedEntityMemberbhl:AssumedReinsuranceMember2019-07-012019-09-300000733076srt:AffiliatedEntityMemberbhl:AssumedReinsuranceMember2020-01-012020-09-300000733076srt:AffiliatedEntityMemberbhl:AssumedReinsuranceMember2019-01-012019-09-300000733076srt:AffiliatedEntityMemberbhl:AssumedReinsuranceMember2020-09-300000733076srt:AffiliatedEntityMemberbhl:AssumedReinsuranceMember2019-12-310000733076srt:AffiliatedEntityMemberbhl:AssumedGuaranteedMinimumBenefitMember2020-09-300000733076srt:AffiliatedEntityMemberbhl:AssumedGuaranteedMinimumBenefitMember2019-12-310000733076srt:AffiliatedEntityMemberbhl:AssumedGuaranteedMinimumBenefitMember2020-07-012020-09-300000733076srt:AffiliatedEntityMemberbhl:AssumedGuaranteedMinimumBenefitMember2020-01-012020-09-300000733076srt:AffiliatedEntityMemberbhl:AssumedGuaranteedMinimumBenefitMember2019-07-012019-09-300000733076srt:AffiliatedEntityMemberbhl:AssumedGuaranteedMinimumBenefitMember2019-01-012019-09-300000733076srt:AffiliatedEntityMember2020-07-012020-09-300000733076srt:AffiliatedEntityMember2020-01-012020-09-300000733076srt:AffiliatedEntityMember2019-07-012019-09-300000733076srt:AffiliatedEntityMember2019-01-012019-09-300000733076bhl:AllServicesandTransactionsExceptBrokerDealerActivitiesMember2020-09-300000733076bhl:AllServicesandTransactionsExceptBrokerDealerActivitiesMember2019-12-310000733076bhl:BrokerDealerActivitiesMember2020-07-012020-09-300000733076bhl:BrokerDealerActivitiesMember2020-01-012020-09-300000733076bhl:BrokerDealerActivitiesMember2019-07-012019-09-300000733076bhl:BrokerDealerActivitiesMember2019-01-012019-09-300000733076bhl:BrokerDealerActivitiesMember2020-09-300000733076bhl:BrokerDealerActivitiesMember2019-12-31

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, 2020
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
bhl-20200930_g1.jpg
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)
(980365-7100
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act: None
Title of each classTrading 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 9, 2020, 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
Page
  Item 1.
Consolidated Financial Statements (at September 30, 2020 (Unaudited) and December 31, 2019 and for the Three Months and Nine Months Ended September 30, 2020 and 2019 (Unaudited)):
  Item 2.
  Item 4.
  Item 1.
  Item 1A.
  Item 6.


Table of Contents
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, 2020 (Unaudited) and December 31, 2019
(In millions, except share and per share data)
September 30, 2020December 31, 2019
Assets
Investments:
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $66,992 and $63,083, respectively; allowance for credit losses of $3 and $0, respectively)
$78,139 $69,977 
Equity securities, at estimated fair value114 147 
Mortgage loans (net of allowance for credit losses of $90 and $64, respectively)
15,659 15,664 
Policy loans
879 875 
Limited partnerships and limited liability companies2,561 2,379 
Short-term investments, principally at estimated fair value
3,341 1,482 
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $0, respectively)
5,044 3,224 
Total investments
105,737 93,748 
Cash and cash equivalents5,663 2,493 
Accrued investment income759 663 
Premiums, reinsurance and other receivables15,542 14,287 
Deferred policy acquisition costs and value of business acquired4,122 4,809 
Current income tax recoverable 21 
Other assets382 464 
Separate account assets95,955 99,668 
Total assets
$228,160 $216,153 
Liabilities and Equity
Liabilities
Future policy benefits$44,322 $39,081 
Policyholder account balances52,294 45,121 
Other policy-related balances2,808 2,801 
Payables for collateral under securities loaned and other transactions6,970 4,374 
Long-term and short-term debt843 844 
Current income tax payable50  
Deferred income tax liability1,666 1,301 
Other liabilities4,019 4,484 
Separate account liabilities95,955 99,668 
Total liabilities
208,927 197,674 
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
7575
Additional paid-in capital18,773 19,073 
Retained earnings (deficit)(4,738)(3,899)
Accumulated other comprehensive income (loss)5,108 3,215 
Total Brighthouse Life Insurance Company’s stockholder’s equity
19,218 18,464 
Noncontrolling interests15 15 
Total equity
19,233 18,479 
Total liabilities and equity
$228,160 $216,153 
See accompanying notes to the interim condensed consolidated financial statements.
2

Table of Contents
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, 2020 and 2019 (Unaudited)
(In millions)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2020201920202019
Revenues
Premiums
$173 $206 $549 $649 
Universal life and investment-type product policy fees
716 725 2,114 2,190 
Net investment income
977 904 2,508 2,610 
Other revenues
73 68 224 199 
Net investment gains (losses)
6 14 (46)60 
Net derivative gains (losses)
(1,870)984 2,227 (218)
Total revenues
75 2,901 7,576 5,490 
Expenses
Policyholder benefits and claims
3,150 1,282 5,094 2,836 
Interest credited to policyholder account balances
272 263 792 771 
Amortization of deferred policy acquisition costs and value of business acquired
208 184 833 358 
Other expenses
469 464 1,326 1,353 
Total expenses
4,099 2,193 8,045 5,318 
Income (loss) before provision for income tax
(4,024)708 (469)172 
Provision for income tax expense (benefit)
(858)99 (145)(46)
Net income (loss)
(3,166)609 (324)218 
Less: Net income (loss) attributable to noncontrolling interests
  1 1 
Net income (loss) attributable to Brighthouse Life Insurance Company
$(3,166)$609 $(325)$217 
Comprehensive income (loss)
$(2,668)$1,467 $1,569 $3,032 
Less: Comprehensive income (loss) attributable to noncontrolling interests  1 1 
Comprehensive income (loss) attributable to Brighthouse Life Insurance Company
$(2,668)$1,467 $1,568 $3,031 
See accompanying notes to the interim condensed consolidated financial statements.
3

Table of Contents
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, 2020 and 2019 (Unaudited)
(In millions)
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
(Deficit)
Accumulated
Other
Comprehensive
Income (Loss)
Brighthouse Life Insurance Company’s Stockholder’s Equity Noncontrolling InterestsTotal
Equity
Balance at December 31, 2019$75 $19,073 $(3,899)$3,215 $18,464 $15 $18,479 
Cumulative effect of change in accounting principle, net of income tax (Note 1)
(14)3 (11)(11)
Balance at January 1, 202075 19,073 (3,913)3,218 18,453 15 18,468 
Dividends paid to parent(300)(500)(800)(800)
Change in noncontrolling interests (1)(1)
Net income (loss)2,841 2,841 1 2,842 
Other comprehensive income (loss), net of income tax
1,392 1,392 1,392 
Balance at June 30, 202075 18,773 (1,572)4,610 21,886 15 21,901 
Net income (loss)(3,166)(3,166)(3,166)
Other comprehensive income (loss), net of income tax
498 498 498 
Balance at September 30, 2020 $75 $18,773 $(4,738)$5,108 $19,218 $15 $19,233 

Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
(Deficit)
Accumulated
Other
Comprehensive
Income (Loss)
Brighthouse Life Insurance Company’s Stockholder’s Equity Noncontrolling InterestsTotal
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, 201975 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 
See accompanying notes to the interim condensed consolidated financial statements.

4

Table of Contents
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, 2020 and 2019 (Unaudited)
(In millions)
Nine Months Ended
September 30,
20202019
Net cash provided by (used in) operating activities$648 $1,643 
Cash flows from investing activities
Sales, maturities and repayments of:
Fixed maturity securities
5,921 11,160 
Equity securities
54 29 
Mortgage loans
1,227 924 
Limited partnerships and limited liability companies
124 205 
Purchases of:
Fixed maturity securities
(9,485)(12,982)
Equity securities
(1)(3)
Mortgage loans
(1,236)(2,625)
Limited partnerships and limited liability companies
(423)(321)
Cash received in connection with freestanding derivatives5,280 1,178 
Cash paid in connection with freestanding derivatives(3,281)(1,704)
Receipt on loan to affiliate100  
Issuance of loan to affiliate(100) 
Net change in policy loans(4)86 
Net change in short-term investments(1,849)(1,477)
Net change in other invested assets(17)21 
Net cash provided by (used in) investing activities
(3,690)(5,509)
Cash flows from financing activities
Policyholder account balances:
Deposits
6,749 5,279 
Withdrawals
(1,535)(1,963)
Net change in payables for collateral under securities loaned and other transactions2,596 224 
Long-term and short-term debt issued100 412 
Long-term and short-term debt repaid(101)(1)
Dividends paid to parent(800) 
Financing element on certain derivative instruments and other derivative related transactions, net(765)179 
Other, net(32)(38)
Net cash provided by (used in) financing activities6,212 4,092 
Change in cash, cash equivalents and restricted cash3,170 226 
Cash, cash equivalents and restricted cash, beginning of period2,493 3,494 
Cash, cash equivalents and restricted cash, end of period$5,663 $3,720 
Supplemental disclosures of cash flow information
Net cash paid (received) for:
Interest$67 $30 
Income tax$(66)$ 
See accompanying notes to the interim condensed consolidated financial statements.

5

Table of Contents
Brighthouse Life Insurance Company
(An Indirect Wholly-Owned Subsidiary of Brighthouse Financial, Inc.)
Notes to the Interim Condensed Consolidated Financial Statements (Unaudited)
1. Business, Basis of Presentation and Summary of Significant Accounting Policies
Business
“BLIC” and the “Company” refer to Brighthouse Life Insurance Company, a Delaware corporation originally incorporated in Connecticut in 1863, and its subsidiaries. Brighthouse Life Insurance Company is a wholly-owned subsidiary of Brighthouse Holdings, LLC (“BH Holdings”), which is a direct wholly-owned subsidiary of Brighthouse Financial, Inc. (“BHF” together with its subsidiaries and affiliates, “Brighthouse Financial”). BLIC offers a range of individual annuities and individual life insurance products. The Company is organized into three segments: Annuities; Life; and Run-off. In addition, the Company reports certain of its results of operations in Corporate & Other.
Basis of Presentation
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to adopt accounting policies and make estimates and assumptions that affect amounts reported on the interim condensed consolidated financial statements. In applying these policies and estimates, management makes subjective and complex judgments that frequently require assumptions about matters that are inherently uncertain. Many of these policies, estimates and related judgments are common in the insurance and financial services industries; others are specific to the Company’s business and operations. Actual results could differ from these estimates.
Consolidation
The accompanying interim condensed consolidated financial statements include the accounts of Brighthouse Life Insurance Company and its subsidiaries, as well as partnerships and limited liability companies (“LLCs”) that the Company controls. Intercompany accounts and transactions have been eliminated.
The Company uses the equity method of accounting for investments in limited partnerships and LLCs when it has more than a minor ownership interest or more than a minor influence over the investee’s operations. The Company generally recognizes its share of the investee’s earnings on a three-month lag in instances where the investee’s financial information is not sufficiently timely or when the investee’s reporting period differs from the Company’s reporting period. When the Company has virtually no influence over the investee’s operations, the investment is carried at fair value.
Reclassifications
Certain amounts in the prior year periods’ interim condensed consolidated financial statements and related footnotes thereto have been reclassified to conform with the current period presentation as may be discussed when applicable in the Notes to the Interim Condensed Consolidated Financial Statements.
Since the Company is a member of a controlled group of affiliated companies, its results may not be indicative of those of a stand-alone entity.
The accompanying interim condensed consolidated financial statements are unaudited and reflect all adjustments (including normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in conformity with GAAP. Interim results are not necessarily indicative of full year performance. The December 31, 2019 consolidated balance sheet data was derived from audited consolidated financial statements included in Brighthouse Life Insurance Company’s Annual Report on Form 10-K for the year ended December 31, 2019 (the “2019 Annual Report”), which include all disclosures required by GAAP. Therefore, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of the Company included in the 2019 Annual Report.
6

Table of Contents
Brighthouse Life Insurance Company
(An Indirect Wholly-Owned Subsidiary of Brighthouse Financial, Inc.)
Notes to the Interim Condensed Consolidated Financial Statements (Unaudited) (continued)
1. Business, Basis of Presentation and Summary of Significant Accounting Policies (continued)
Adoption of New Accounting Pronouncements
Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. ASUs not listed below were assessed and determined to be either not applicable or are not expected to have a material impact on the Company’s consolidated financial statements. ASUs adopted as of September 30, 2020 are summarized as follows:
StandardDescriptionEffective DateImpact on Financial Statements
ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”)The amendments to Topic 326 replace the incurred loss impairment methodology for certain financial instruments with one that reflects expected credit losses based on historical loss information, current conditions, and reasonable and supportable forecasts. The new guidance also requires that an other-than- temporary impairment on a debt security will be recognized as an allowance going forward, such that improvements in expected future cash flows after an impairment will no longer be reflected as a prospective yield adjustment through net investment income, but rather a reversal of the previous impairment and recognized through realized investment gains and losses.January 1, 2020 using the modified retrospective method
The Company recorded an after tax net decrease to retained earnings of $14 million and a net increase to accumulated other comprehensive income (loss) (“AOCI”) of $3 million for the cumulative effect of adoption. The adjustment included establishing or updating the allowance for credit losses on fixed maturity securities, mortgage loans, and other invested assets.
ASUs issued but not yet adopted as of September 30, 2020 are summarized as follows:
StandardDescriptionEffective DateImpact on Financial Statements
ASU 2018-12, Financial Services-Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration ContractsThe amendments to Topic 944 will result in significant changes to the accounting for long-duration insurance contracts. These changes (1) require all guarantees that qualify as market risk benefits to be measured at fair value, (2) require more frequent updating of assumptions and modify existing discount rate requirements for certain insurance liabilities, (3) modify the methods of amortization for deferred policy acquisition costs (“DAC”), and (4) require new qualitative and quantitative disclosures around insurance contract asset and liability balances and the judgments, assumptions and methods used to measure those balances. The market risk benefit guidance is required to be applied on a retrospective basis, while the changes to guidance for insurance liabilities and DAC may be applied to existing carrying amounts on the effective date or on a retrospective basis.January 1, 2023The Company continues to evaluate the new guidance and therefore is unable to estimate the impact to its financial statements. The most significant impact is expected to be the measurement of liabilities for variable annuity guarantees.
CARES Act
In response to the worldwide pandemic sparked by the novel coronavirus (the “COVID-19 pandemic”), on March 27, 2020, Congress enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The CARES Act contains numerous provisions intended to provide swift aid, including through tax relief, to businesses and individuals affected by the COVID-19 pandemic. The Company does not believe that the CARES Act will have a material impact to its consolidated financial statements at this time. The Company will continue to closely monitor developments related to the COVID-19 pandemic and the CARES Act.
7

Table of Contents
Brighthouse Life Insurance Company
(A Wholly-Owned Subsidiary of Brighthouse Financial, Inc.)
Notes to the Interim Condensed Consolidated Financial Statements (Unaudited) (continued)
2. Segment Information
The Company is organized into three segments: Annuities; Life; and Run-off. In addition, the Company reports certain of its results of operations in Corporate & Other.
Annuities
The Annuities segment consists of a variety of variable, fixed, index-linked and income annuities designed to address contract holders’ needs for protected wealth accumulation on a tax-deferred basis, wealth transfer and income security.
Life
The Life segment consists of insurance products and services, including term, universal, whole and variable life products designed to address policyholders’ needs for financial security and protected wealth transfer, which may be provided on a tax-advantaged basis.
Run-off
The Run-off segment consists of products no longer actively sold and which are separately managed, including structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements and universal life with secondary guarantees.
Corporate & Other
Corporate & Other contains the excess capital not allocated to the segments and interest expense related to the majority of the Company’s outstanding debt, as well as expenses associated with certain legal proceedings and income tax audit issues. Corporate & Other also includes long-term care and workers’ compensation business reinsured through 100% quota share reinsurance agreements and term life insurance sold direct to consumers, which is no longer being offered for new sales.
Financial Measures and Segment Accounting Policies
Adjusted earnings is a financial measure used by management to evaluate performance, allocate resources and facilitate comparisons to industry results. Consistent with GAAP guidance for segment reporting, adjusted earnings is also used to measure segment performance. The Company believes the presentation of adjusted earnings, as the Company measures it for management purposes, enhances the understanding of its performance by highlighting the results of operations and the underlying profitability drivers of the business. Adjusted earnings should not be viewed as a substitute for net income (loss) attributable to Brighthouse Life Insurance Company and excludes net income (loss) attributable to noncontrolling interests.
Adjusted earnings, which may be positive or negative, focuses on the Company’s primary businesses principally by excluding the impact of market volatility, which could distort trends.
The following are significant items excluded from total revenues, net of income tax, in calculating adjusted earnings:
Net investment gains (losses);
Net derivative gains (losses) except earned income and amortization of premium on derivatives that are hedges of investments or that are used to replicate certain investments, but do not qualify for hedge accounting treatment; and
Certain variable annuity guaranteed minimum income benefits (“GMIBs”) fees (“GMIB Fees”).
The following are significant items excluded from total expenses, net of income tax, in calculating adjusted earnings:
Amounts associated with benefits related to GMIBs (“GMIB Costs”);
Amounts associated with periodic crediting rate adjustments based on the total return of a contractually referenced pool of assets and market value adjustments associated with surrenders or terminations of contracts (“Market Value Adjustments”); and
Amortiz