Brighthouse Financial Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
BHF$43.99+3.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Interim Condensed Consolidated Balance Sheets
September 30, 2024 (Unaudited) and December 31, 2023
(In millions, except share and per share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Investments: | ||
| Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $87,838 and $87,131, respectively; allowance for credit losses of $61 and $21, respectively) | $83,298 | $80,991 |
| Equity securities, at estimated fair value | 87 | 102 |
| Mortgage loans (net of allowance for credit losses of $167 and $137, respectively) | 22,938 | 22,508 |
| Policy loans | 1,387 | 1,331 |
| Limited partnerships and limited liability companies | 4,870 | 4,946 |
| Short-term investments, principally at estimated fair value | 1,812 | 1,169 |
| Other invested assets, principally at estimated fair value (net of allowance for credit losses of $12 and $13, respectively) | 4,462 | 4,409 |
| Total investments | 118,854 | 115,456 |
| Cash and cash equivalents | 5,630 | 3,851 |
| Accrued investment income | 2,083 | 1,183 |
| Premiums, reinsurance and other receivables (net of allowance for credit losses of $3 and $3, respectively) | 20,692 | 19,761 |
| Deferred policy acquisition costs and value of business acquired | 4,745 | 4,872 |
| Current income tax recoverable | 28 | 27 |
| Deferred income tax asset | 1,737 | 1,893 |
| Market risk benefit assets | 750 | 656 |
| Other assets | 324 | 370 |
| Separate account assets | 90,313 | 88,271 |
| Total assets | $245,156 | $236,340 |
| Liabilities and Equity | ||
| Liabilities | ||
| Future policy benefits | $32,781 | $32,569 |
| Policyholder account balances | 87,678 | 81,068 |
| Market risk benefit liabilities | 9,580 | 10,323 |
| Other policy-related balances | 3,853 | 3,836 |
| Payables for collateral under securities loaned and other transactions | 3,764 | 3,670 |
| Long-term debt | 3,155 | 3,156 |
| Other liabilities | 8,442 | 8,439 |
| Separate account liabilities | 90,313 | 88,271 |
| Total liabilities | 239,566 | 231,332 |
| Contingencies, Commitments and Guarantees (Note 13) | ||
| Equity | ||
| Brighthouse Financial, Inc.’s stockholders’ equity: | ||
| Preferred stock, par value $0.01 per share; $1,753 aggregate liquidation preference | — | — |
| Common stock, par value $0.01 per share; 1,000,000,000 shares authorized; 123,456,323 and 122,818,568 shares issued, respectively; 59,838,034 and 63,503,355 shares outstanding, respectively | 1 | 1 |
| Additional paid-in capital | 13,953 | 14,004 |
| Retained earnings (deficit) | (1,790) | (1,507) |
| Treasury stock, at cost; 63,618,289 and 59,315,213 shares, respectively | (2,512) | (2,309) |
| Accumulated other comprehensive income (loss) | (4,127) | (5,246) |
| Total Brighthouse Financial, Inc.’s stockholders’ equity | 5,525 | 4,943 |
| Noncontrolling interests | 65 | 65 |
| Total equity | 5,590 | 5,008 |
| Total liabilities and equity | $245,156 | $236,340 |
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