Document
0.991.000false--12-31Q3201900016850401964920.010.011000000000100000000012044801812061481511753233610926430519000000000003600000003800000004250000000.010.01291568211350510 0001685040 2019-01-01 2019-09-30 0001685040 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0001685040 us-gaap:SubordinatedDebtMember 2019-01-01 2019-09-30 0001685040 us-gaap:SeriesAPreferredStockMember 2019-01-01 2019-09-30 0001685040 2019-11-01 0001685040 2018-12-31 0001685040 2019-09-30 0001685040 2018-07-01 2018-09-30 0001685040 2019-07-01 2019-09-30 0001685040 2018-01-01 2018-09-30 0001685040 srt:RestatementAdjustmentMember 2017-12-31 0001685040 us-gaap:PreferredStockMember 2017-12-31 0001685040 us-gaap:TreasuryStockMember 2018-09-30 0001685040 us-gaap:NoncontrollingInterestMember 2018-09-30 0001685040 us-gaap:ParentMember 2018-07-01 2018-09-30 0001685040 us-gaap:ParentMember 2017-12-31 0001685040 srt:RestatementAdjustmentMember us-gaap:RetainedEarningsMember 2017-12-31 0001685040 us-gaap:CommonStockMember 2017-12-31 0001685040 us-gaap:ParentMember 2018-06-30 0001685040 us-gaap:TreasuryStockMember 2018-07-01 2018-09-30 0001685040 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0001685040 us-gaap:ParentMember 2018-01-01 2018-06-30 0001685040 2018-01-01 2018-06-30 0001685040 us-gaap:CommonStockMember 2018-06-30 0001685040 us-gaap:TreasuryStockMember 2018-06-30 0001685040 us-gaap:PreferredStockMember 2018-06-30 0001685040 us-gaap:NoncontrollingInterestMember 2018-06-30 0001685040 us-gaap:NoncontrollingInterestMember 2017-12-31 0001685040 srt:RestatementAdjustmentMember us-gaap:NoncontrollingInterestMember 2017-12-31 0001685040 srt:RestatementAdjustmentMember us-gaap:PreferredStockMember 2017-12-31 0001685040 us-gaap:RetainedEarningsMember 2018-01-01 2018-06-30 0001685040 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001685040 us-gaap:ParentMember 2018-09-30 0001685040 2017-12-31 0001685040 us-gaap:RetainedEarningsMember 2017-12-31 0001685040 us-gaap:RetainedEarningsMember 2018-06-30 0001685040 srt:RestatementAdjustmentMember us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001685040 srt:RestatementAdjustmentMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001685040 srt:RestatementAdjustmentMember us-gaap:TreasuryStockMember 2017-12-31 0001685040 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001685040 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001685040 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001685040 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001685040 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0001685040 us-gaap:RetainedEarningsMember 2018-09-30 0001685040 2018-06-30 0001685040 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0001685040 2018-09-30 0001685040 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-06-30 0001685040 us-gaap:TreasuryStockMember 2017-12-31 0001685040 us-gaap:PreferredStockMember 2018-09-30 0001685040 srt:RestatementAdjustmentMember us-gaap:ParentMember 2017-12-31 0001685040 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001685040 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-06-30 0001685040 us-gaap:CommonStockMember 2018-09-30 0001685040 srt:RestatementAdjustmentMember us-gaap:CommonStockMember 2017-12-31 0001685040 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001685040 us-gaap:ParentMember 2019-07-01 2019-09-30 0001685040 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-06-30 0001685040 us-gaap:ParentMember 2019-01-01 2019-06-30 0001685040 2019-01-01 2019-06-30 0001685040 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001685040 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-06-30 0001685040 us-gaap:CommonStockMember 2019-06-30 0001685040 us-gaap:NoncontrollingInterestMember 2019-09-30 0001685040 us-gaap:TreasuryStockMember 2019-01-01 2019-06-30 0001685040 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001685040 us-gaap:CommonStockMember 2018-12-31 0001685040 us-gaap:CommonStockMember 2019-09-30 0001685040 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001685040 us-gaap:PreferredStockMember 2018-12-31 0001685040 us-gaap:TreasuryStockMember 2019-07-01 2019-09-30 0001685040 us-gaap:TreasuryStockMember 2019-09-30 0001685040 us-gaap:PreferredStockMember 2019-09-30 0001685040 us-gaap:NoncontrollingInterestMember 2018-12-31 0001685040 us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0001685040 us-gaap:RetainedEarningsMember 2019-09-30 0001685040 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001685040 us-gaap:ParentMember 2018-12-31 0001685040 us-gaap:TreasuryStockMember 2019-06-30 0001685040 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001685040 us-gaap:RetainedEarningsMember 2019-01-01 2019-06-30 0001685040 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001685040 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001685040 us-gaap:RetainedEarningsMember 2018-12-31 0001685040 us-gaap:ParentMember 2019-09-30 0001685040 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:ParentMember 2019-06-30 0001685040 us-gaap:PreferredStockMember 2019-01-01 2019-06-30 0001685040 2019-06-30 0001685040 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001685040 us-gaap:TreasuryStockMember 2018-12-31 0001685040 us-gaap:RetainedEarningsMember 2019-06-30 0001685040 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0001685040 us-gaap:PreferredStockMember 2019-06-30 0001685040 us-gaap:NoncontrollingInterestMember 2019-06-30 0001685040 us-gaap:SpinoffMember 2017-08-04 0001685040 us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001685040 bhf:AnnuitiesMember 2019-01-01 2019-09-30 0001685040 bhf:LifeMember 2019-01-01 2019-09-30 0001685040 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0001685040 us-gaap:MaterialReconcilingItemsMember 2019-01-01 2019-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:LifeMember 2019-01-01 2019-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:RunoffMember 2019-01-01 2019-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:AnnuitiesMember 2019-01-01 2019-09-30 0001685040 us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0001685040 bhf:RunoffMember 2019-01-01 2019-09-30 0001685040 bhf:LifeMember 2018-07-01 2018-09-30 0001685040 us-gaap:MaterialReconcilingItemsMember 2018-07-01 2018-09-30 0001685040 us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:RunoffMember 2018-07-01 2018-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:AnnuitiesMember 2018-07-01 2018-09-30 0001685040 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0001685040 us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:LifeMember 2018-07-01 2018-09-30 0001685040 bhf:RunoffMember 2018-07-01 2018-09-30 0001685040 bhf:AnnuitiesMember 2018-07-01 2018-09-30 0001685040 bhf:RunoffMember 2019-07-01 2019-09-30 0001685040 bhf:AnnuitiesMember 2019-07-01 2019-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:AnnuitiesMember 2019-07-01 2019-09-30 0001685040 us-gaap:MaterialReconcilingItemsMember 2019-07-01 2019-09-30 0001685040 us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:LifeMember 2019-07-01 2019-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:RunoffMember 2019-07-01 2019-09-30 0001685040 us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0001685040 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0001685040 bhf:LifeMember 2019-07-01 2019-09-30 0001685040 bhf:LifeMember 2018-01-01 2018-09-30 0001685040 us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0001685040 bhf:RunoffMember 2018-01-01 2018-09-30 0001685040 bhf:AnnuitiesMember 2018-01-01 2018-09-30 0001685040 us-gaap:MaterialReconcilingItemsMember 2018-01-01 2018-09-30 0001685040 us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:LifeMember 2018-01-01 2018-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:RunoffMember 2018-01-01 2018-09-30 0001685040 us-gaap:OperatingSegmentsMember bhf:AnnuitiesMember 2018-01-01 2018-09-30 0001685040 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0001685040 us-gaap:CorporateAndOtherMember 2018-12-31 0001685040 bhf:LifeMember 2018-12-31 0001685040 bhf:LifeMember 2019-09-30 0001685040 bhf:RunoffMember 2018-12-31 0001685040 bhf:RunoffMember 2019-09-30 0001685040 bhf:AnnuitiesMember 2019-09-30 0001685040 us-gaap:CorporateAndOtherMember 2019-09-30 0001685040 bhf:AnnuitiesMember 2018-12-31 0001685040 us-gaap:VariableAnnuityMember us-gaap:AnnuitizationBenefitMember 2018-01-01 2018-12-31 0001685040 us-gaap:VariableAnnuityMember us-gaap:GuaranteedMinimumDeathBenefitMember 2018-12-31 0001685040 us-gaap:VariableAnnuityMember us-gaap:AnnuitizationBenefitMember 2018-12-31 0001685040 us-gaap:VariableAnnuityMember us-gaap:GuaranteedMinimumDeathBenefitMember 2019-09-30 0001685040 us-gaap:VariableAnnuityMember us-gaap:AnnuitizationBenefitMember 2019-09-30 0001685040 us-gaap:VariableAnnuityMember us-gaap:AnnuitizationBenefitMember 2019-01-01 2019-09-30 0001685040 us-gaap:VariableAnnuityMember us-gaap:GuaranteedMinimumDeathBenefitMember 2019-01-01 2019-09-30 0001685040 us-gaap:VariableAnnuityMember us-gaap:GuaranteedMinimumDeathBenefitMember 2018-01-01 2018-12-31 0001685040 us-gaap:UniversalLifeMember bhf:SecondaryGuaranteesMember 2019-09-30 0001685040 us-gaap:VariableLifeMember bhf:SecondaryGuaranteesMember 2018-12-31 0001685040 us-gaap:UniversalLifeMember bhf:SecondaryGuaranteesMember 2018-12-31 0001685040 us-gaap:VariableLifeMember bhf:SecondaryGuaranteesMember 2018-01-01 2018-12-31 0001685040 us-gaap:VariableLifeMember bhf:SecondaryGuaranteesMember 2019-01-01 2019-09-30 0001685040 us-gaap:VariableLifeMember bhf:SecondaryGuaranteesMember 2019-09-30 0001685040 us-gaap:UniversalLifeMember bhf:SecondaryGuaranteesMember 2018-01-01 2018-12-31 0001685040 us-gaap:UniversalLifeMember bhf:SecondaryGuaranteesMember 2019-01-01 2019-09-30 0001685040 bhf:NonIncomeProducingDebtSecuritiesMember 2019-09-30 0001685040 srt:MaximumMember bhf:NonIncomeProducingDebtSecuritiesMember 2018-12-31 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001685040 us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0001685040 us-gaap:DomesticCorporateDebtSecuritiesMember 2018-12-31 0001685040 us-gaap:ForeignCorporateDebtSecuritiesMember 2018-12-31 0001685040 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-09-30 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-09-30 0001685040 us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001685040 us-gaap:ForeignCorporateDebtSecuritiesMember 2019-09-30 0001685040 us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0001685040 us-gaap:AssetBackedSecuritiesMember 2019-09-30 0001685040 us-gaap:USTreasuryAndGovernmentMember 2019-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-09-30 0001685040 us-gaap:DomesticCorporateDebtSecuritiesMember 2019-09-30 0001685040 us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0001685040 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-09-30 0001685040 us-gaap:DebtSecuritiesMember 2019-09-30 0001685040 us-gaap:DebtSecuritiesMember 2019-01-01 2019-09-30 0001685040 bhf:SixMonthsOrGreaterMember bhf:TwentyPercentOrMoreMember us-gaap:DebtSecuritiesMember 2019-09-30 0001685040 us-gaap:DebtSecuritiesMember 2018-12-31 0001685040 bhf:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0001685040 us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0001685040 us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0001685040 bhf:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0001685040 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0001685040 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0001685040 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv65To75PercentMember 2019-09-30 0001685040 bhf:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:LtvLessThan65PercentMember 2018-12-31 0001685040 bhf:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv76To80PercentMember 2019-09-30 0001685040 bhf:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:LtvLessThan65PercentMember 2019-09-30 0001685040 bhf:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv65To75PercentMember 2019-09-30 0001685040 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv65To75PercentMember 2018-12-31 0001685040 bhf:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0001685040 bhf:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv76To80PercentMember 2019-09-30 0001685040 bhf:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv65To75PercentMember 2019-09-30 0001685040 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv76To80PercentMember 2018-12-31 0001685040 bhf:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0001685040 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:LtvLessThan65PercentMember 2019-09-30 0001685040 bhf:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv76To80PercentMember 2018-12-31 0001685040 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv76To80PercentMember 2019-09-30 0001685040 bhf:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv65To75PercentMember 2018-12-31 0001685040 bhf:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:LtvLessThan65PercentMember 2019-09-30 0001685040 bhf:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv65To75PercentMember 2019-09-30 0001685040 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:LtvLessThan65PercentMember 2018-12-31 0001685040 bhf:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0001685040 bhf:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0001685040 bhf:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0001685040 bhf:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv65To75PercentMember 2018-12-31 0001685040 bhf:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv76To80PercentMember 2018-12-31 0001685040 bhf:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0001685040 bhf:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:LtvLessThan65PercentMember 2018-12-31 0001685040 bhf:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:LtvLessThan65PercentMember 2019-09-30 0001685040 bhf:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv76To80PercentMember 2018-12-31 0001685040 bhf:DscLessThan100PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv65To75PercentMember 2018-12-31 0001685040 bhf:DscGreaterThan120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:LtvLessThan65PercentMember 2018-12-31 0001685040 bhf:Dsc100To120PercentMember us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv76To80PercentMember 2019-09-30 0001685040 bhf:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv76To80PercentMember 2018-12-31 0001685040 bhf:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv65To75PercentMember 2018-12-31 0001685040 bhf:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:LtvLessThan65PercentMember 2019-09-30 0001685040 bhf:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv76To80PercentMember 2019-09-30 0001685040 bhf:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:LtvLessThan65PercentMember 2018-12-31 0001685040 bhf:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember bhf:Ltv65To75PercentMember 2019-09-30 0001685040 us-gaap:PerformingFinancingReceivableMember us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0001685040 us-gaap:PerformingFinancingReceivableMember us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0001685040 us-gaap:NonperformingFinancingReceivableMember us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0001685040 us-gaap:NonperformingFinancingReceivableMember us-gaap:ResidentialPortfolioSegmentMember us-gaap:RealEstateLoanMember 2019-09-30 0001685040 us-gaap:RealEstateLoanMember 2018-07-01 2018-09-30 0001685040 srt:MaximumMember bhf:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember 2018-12-31 0001685040 us-gaap:PerformingFinancingReceivableMember us-gaap:RealEstateLoanMember 2019-09-30 0001685040 us-gaap:RealEstateLoanMember 2019-01-01 2019-09-30 0001685040 us-gaap:RealEstateLoanMember 2018-01-01 2018-09-30 0001685040 us-gaap:RealEstateLoanMember 2019-07-01 2019-09-30 0001685040 us-gaap:PerformingFinancingReceivableMember us-gaap:RealEstateLoanMember 2018-12-31 0001685040 bhf:OtherInvestedAssetsMember 2019-09-30 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:MaturityUpTo30DaysMember 2019-09-30 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:MaturityOvernightMember 2018-12-31 0001685040 us-gaap:USTreasuryAndGovernmentMember bhf:Maturity30to180DaysMember 2018-12-31 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:MaturityOvernightMember 2019-09-30 0001685040 us-gaap:USTreasuryAndGovernmentMember bhf:Maturity30to180DaysMember 2019-09-30 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:MaturityUpTo30DaysMember 2018-12-31 0001685040 us-gaap:SecuritiesFinancingTransactionFairValueMember 2019-09-30 0001685040 us-gaap:SecuritiesInvestmentMember 2019-09-30 0001685040 us-gaap:SecuritiesFinancingTransactionFairValueMember 2018-12-31 0001685040 us-gaap:SecuritiesFinancingTransactionCostMember 2019-09-30 0001685040 us-gaap:SecuritiesFinancingTransactionCostMember 2018-12-31 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:SecuritiesFinancingTransactionFairValueMember 2019-09-30 0001685040 bhf:PolicyholderAccountBalancesMember us-gaap:DebtSecuritiesMember 2019-09-30 0001685040 bhf:PolicyholderAccountBalancesMember us-gaap:DebtSecuritiesMember 2018-12-31 0001685040 bhf:ReinsuranceMember us-gaap:DebtSecuritiesMember 2019-09-30 0001685040 bhf:ReinsuranceMember us-gaap:DebtSecuritiesMember 2018-12-31 0001685040 us-gaap:LimitedPartnerMember 2019-09-30 0001685040 us-gaap:LimitedPartnerMember 2018-12-31 0001685040 us-gaap:MortgagesMember 2018-07-01 2018-09-30 0001685040 us-gaap:LimitedPartnerMember 2019-07-01 2019-09-30 0001685040 us-gaap:EquitySecuritiesMember 2018-07-01 2018-09-30 0001685040 us-gaap:RealEstateInvestmentMember 2018-01-01 2018-09-30 0001685040 us-gaap:RealEstateInvestmentMember 2018-07-01 2018-09-30 0001685040 us-gaap:CashAndCashEquivalentsMember 2018-01-01 2018-09-30 0001685040 us-gaap:OtherInvestmentsMember 2018-01-01 2018-09-30 0001685040 us-gaap:MortgagesMember 2019-01-01 2019-09-30 0001685040 us-gaap:EquitySecuritiesMember 2019-07-01 2019-09-30 0001685040 us-gaap:EquitySecuritiesMember 2018-01-01 2018-09-30 0001685040 us-gaap:RealEstateInvestmentMember 2019-07-01 2019-09-30 0001685040 us-gaap:DebtSecuritiesMember 2019-01-01 2019-09-30 0001685040 us-gaap:CashAndCashEquivalentsMember 2019-01-01 2019-09-30 0001685040 us-gaap:PolicyLoansMember 2018-07-01 2018-09-30 0001685040 us-gaap:LimitedPartnerMember 2018-07-01 2018-09-30 0001685040 us-gaap:CashAndCashEquivalentsMember 2019-07-01 2019-09-30 0001685040 us-gaap:OtherInvestmentsMember 2018-07-01 2018-09-30 0001685040 us-gaap:CashAndCashEquivalentsMember 2018-07-01 2018-09-30 0001685040 us-gaap:OtherInvestmentsMember 2019-01-01 2019-09-30 0001685040 us-gaap:LimitedPartnerMember 2019-01-01 2019-09-30 0001685040 us-gaap:DebtSecuritiesMember 2018-01-01 2018-09-30 0001685040 us-gaap:OtherInvestmentsMember 2019-07-01 2019-09-30 0001685040 us-gaap:DebtSecuritiesMember 2019-07-01 2019-09-30 0001685040 us-gaap:RealEstateInvestmentMember 2019-01-01 2019-09-30 0001685040 us-gaap:EquitySecuritiesMember 2019-01-01 2019-09-30 0001685040 us-gaap:PolicyLoansMember 2019-01-01 2019-09-30 0001685040 us-gaap:MortgagesMember 2019-07-01 2019-09-30 0001685040 us-gaap:PolicyLoansMember 2018-01-01 2018-09-30 0001685040 us-gaap:LimitedPartnerMember 2018-01-01 2018-09-30 0001685040 us-gaap:MortgagesMember 2018-01-01 2018-09-30 0001685040 us-gaap:PolicyLoansMember 2019-07-01 2019-09-30 0001685040 us-gaap:DebtSecuritiesMember 2018-07-01 2018-09-30 0001685040 us-gaap:DebtSecuritiesMember 2018-07-01 2018-09-30 0001685040 us-gaap:DebtSecuritiesMember 2019-07-01 2019-09-30 0001685040 us-gaap:DebtSecuritiesMember 2018-01-01 2018-09-30 0001685040 us-gaap:InterestRateSwaptionMember us-gaap:NondesignatedMember 2019-09-30 0001685040 bhf:InterestrateforwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001685040 bhf:CededGuaranteedMinimumBenefitMember 2018-12-31 0001685040 bhf:InterestrateforwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001685040 us-gaap:CurrencySwapMember us-gaap:NondesignatedMember 2019-09-30 0001685040 bhf:InterestrateforwardMember us-gaap:NondesignatedMember 2019-09-30 0001685040 bhf:EquityFuturesMember us-gaap:NondesignatedMember 2019-09-30 0001685040 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001685040 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2019-09-30 0001685040 us-gaap:NondesignatedMember 2018-12-31 0001685040 bhf:FuturesMember us-gaap:NondesignatedMember 2018-12-31 0001685040 us-gaap:CreditDefaultSwapSellingProtectionMember us-gaap:NondesignatedMember 2018-12-31 0001685040 us-gaap:CurrencySwapMember us-gaap:NondesignatedMember 2018-12-31 0001685040 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001685040 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-09-30 0001685040 bhf:EquityTotalReturnSwapsMember us-gaap:NondesignatedMember 2018-12-31 0001685040 bhf:EquityTotalReturnSwapsMember us-gaap:NondesignatedMember 2019-09-30 0001685040 bhf:InterestrateforwardMember us-gaap:NondesignatedMember 2018-12-31 0001685040 us-gaap:VarianceSwapMember us-gaap:NondesignatedMember 2019-09-30 0001685040 us-gaap:StockOptionMember us-gaap:NondesignatedMember 2018-12-31 0001685040 us-gaap:NondesignatedMember 2019-09-30 0001685040 us-gaap:CreditDefaultSwapSellingProtectionMember us-gaap:NondesignatedMember 2019-09-30 0001685040 us-gaap:CreditDefaultSwapBuyingProtectionMember us-gaap:NondesignatedMember 2018-12-31 0001685040 us-gaap:InterestRateCapMember us-gaap:NondesignatedMember 2018-12-31 0001685040 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2018-12-31 0001685040 bhf:EquityFuturesMember us-gaap:NondesignatedMember 2018-12-31 0001685040 us-gaap:VarianceSwapMember us-gaap:NondesignatedMember 2018-12-31 0001685040 us-gaap:CreditDefaultSwapBuyingProtectionMember us-gaap:NondesignatedMember 2019-09-30 0001685040 bhf:FuturesMember us-gaap:NondesignatedMember 2019-09-30 0001685040 us-gaap:InterestRateSwaptionMember us-gaap:NondesignatedMember 2018-12-31 0001685040 bhf:DirectGuaranteedMinimumBenefitMember 2018-12-31 0001685040 us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001685040 bhf:CededGuaranteedMinimumBenefitMember 2019-09-30 0001685040 us-gaap:StockOptionMember us-gaap:NondesignatedMember 2019-09-30 0001685040 bhf:DirectindexlinkedannuitiesMember 2018-12-31 0001685040 us-gaap:InterestRateCapMember us-gaap:NondesignatedMember 2019-09-30 0001685040 bhf:DirectindexlinkedannuitiesMember bhf:AssumedReinsuranceMember 2018-12-31 0001685040 us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001685040 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2018-12-31 0001685040 bhf:DirectindexlinkedannuitiesMember 2019-09-30 0001685040 bhf:DirectGuaranteedMinimumBenefitMember 2019-09-30 0001685040 bhf:DirectindexlinkedannuitiesMember bhf:AssumedReinsuranceMember 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0001685040 us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0001685040 bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:FairValueHedgingMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0001685040 us-gaap:CashFlowHedgingMember 2019-01-01 2019-09-30 0001685040 bhf:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0001685040 bhf:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0001685040 bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember 2019-01-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:CashFlowHedgingMember 2018-01-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0001685040 us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0001685040 us-gaap:FairValueHedgingMember 2018-01-01 2018-09-30 0001685040 us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember 2018-01-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0001685040 us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2019-01-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2018-01-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0001685040 us-gaap:FairValueHedgingMember bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember 2018-01-01 2018-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember 2018-01-01 2018-09-30 0001685040 us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-01-01 2019-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:FairValueHedgingMember bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-01-01 2018-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0001685040 us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0001685040 us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0001685040 us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0001685040 us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0001685040 us-gaap:FairValueHedgingMember 2018-07-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0001685040 bhf:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:CashFlowHedgingMember 2018-07-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember 2018-07-01 2018-09-30 0001685040 us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0001685040 us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:FairValueHedgingMember bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2019-07-01 2019-09-30 0001685040 us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 bhf:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0001685040 bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0001685040 us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0001685040 us-gaap:FairValueHedgingMember bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:FairValueHedgingMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0001685040 us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-07-01 2018-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:CashFlowHedgingMember 2019-07-01 2019-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2018-07-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember 2019-07-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0001685040 bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0001685040 us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember bhf:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:EquityContractMember us-gaap:NondesignatedMember bhf:NetDerivativeGainLossMember 2019-07-01 2019-09-30 0001685040 us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember 2019-07-01 2019-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:InvestmentIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2018-07-01 2018-09-30 0001685040 us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:NondesignatedMember bhf:PolicyholderBenefitAndClaimMember 2019-07-01 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:InvestmentIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:CreditDefaultSwapMember bhf:BaaMember 2019-09-30 0001685040 us-gaap:CreditDefaultSwapMember bhf:AaaAaMember 2019-09-30 0001685040 us-gaap:CreditDefaultSwapMember bhf:BaaMember 2019-01-01 2019-09-30 0001685040 us-gaap:CreditDefaultSwapMember bhf:BaaMember 2018-01-01 2018-12-31 0001685040 us-gaap:CreditDefaultSwapMember bhf:BaaMember 2018-12-31 0001685040 2018-01-01 2018-12-31 0001685040 us-gaap:CreditDefaultSwapMember bhf:AaaAaMember 2018-01-01 2018-12-31 0001685040 us-gaap:CreditDefaultSwapMember bhf:AaaAaMember 2018-12-31 0001685040 us-gaap:CreditDefaultSwapMember bhf:AaaAaMember 2019-01-01 2019-09-30 0001685040 us-gaap:FixedMaturitiesMember 2019-09-30 0001685040 us-gaap:FixedMaturitiesMember 2018-12-31 0001685040 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:CreditRiskContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:EquityContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001685040 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:EquityContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:DomesticCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:CreditRiskContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:EquityContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:ForeignCorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputWithdrawalRateMember 2019-09-30 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputUtilizationRateMember 2019-09-30 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member bhf:MeasurementInputLongTermEquityVolatilitiesMember 2018-12-31 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member bhf:MeasurementInputLongTermEquityVolatilitiesMember 2018-12-31 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputLapseRateMember 2019-09-30 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEntityCreditRiskMember 2018-12-31 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputMortalityRateMember 2019-09-30 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputWithdrawalRateMember 2018-12-31 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEntityCreditRiskMember 2019-09-30 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputWithdrawalRateMember 2019-09-30 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputMortalityRateMember 2018-12-31 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputUtilizationRateMember 2019-09-30 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputMortalityRateMember 2018-12-31 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputUtilizationRateMember 2018-12-31 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputMortalityRateMember 2019-09-30 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member bhf:MeasurementInputLongTermEquityVolatilitiesMember 2019-09-30 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEntityCreditRiskMember 2018-12-31 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputLapseRateMember 2018-12-31 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputLapseRateMember 2019-09-30 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member bhf:MeasurementInputLongTermEquityVolatilitiesMember 2019-09-30 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputLapseRateMember 2018-12-31 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEntityCreditRiskMember 2019-09-30 0001685040 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputWithdrawalRateMember 2018-12-31 0001685040 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputUtilizationRateMember 2018-12-31 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-01-01 2018-09-30 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-01-01 2018-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-09-30 0001685040 bhf:SeparateAccountAssetsMember 2018-09-30 0001685040 bhf:StructuredSecuritiesMember 2018-01-01 2018-09-30 0001685040 bhf:NetDerivativesMember 2018-01-01 2018-09-30 0001685040 us-gaap:CorporateDebtSecuritiesMember 2018-01-01 2018-09-30 0001685040 bhf:NetDerivativesMember 2019-09-30 0001685040 bhf:StructuredSecuritiesMember 2019-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-01-01 2019-09-30 0001685040 bhf:SeparateAccountAssetsMember 2018-01-01 2018-09-30 0001685040 us-gaap:EquitySecuritiesMember 2018-01-01 2018-09-30 0001685040 bhf:StructuredSecuritiesMember 2019-01-01 2019-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-01-01 2019-09-30 0001685040 us-gaap:ShortTermInvestmentsMember 2019-01-01 2019-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-09-30 0001685040 us-gaap:EquitySecuritiesMember 2018-12-31 0001685040 us-gaap:ShortTermInvestmentsMember 2018-01-01 2018-09-30 0001685040 us-gaap:EquitySecuritiesMember 2019-01-01 2019-09-30 0001685040 bhf:SeparateAccountAssetsMember 2019-01-01 2019-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-09-30 0001685040 us-gaap:CorporateDebtSecuritiesMember 2019-01-01 2019-09-30 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2017-12-31 0001685040 bhf:SeparateAccountAssetsMember 2017-12-31 0001685040 us-gaap:CorporateDebtSecuritiesMember 2017-12-31 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-01-01 2018-09-30 0001685040 us-gaap:CorporateDebtSecuritiesMember 2019-09-30 0001685040 us-gaap:EquitySecuritiesMember 2017-12-31 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-01-01 2019-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-09-30 0001685040 bhf:StructuredSecuritiesMember 2018-09-30 0001685040 us-gaap:ShortTermInvestmentsMember 2018-09-30 0001685040 us-gaap:ShortTermInvestmentsMember 2019-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-12-31 0001685040 bhf:NetDerivativesMember 2019-01-01 2019-09-30 0001685040 us-gaap:ShortTermInvestmentsMember 2017-12-31 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2017-12-31 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-09-30 0001685040 us-gaap:EquitySecuritiesMember 2019-09-30 0001685040 us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001685040 us-gaap:EquitySecuritiesMember 2018-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001685040 bhf:SeparateAccountAssetsMember 2018-12-31 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-09-30 0001685040 bhf:NetDerivativesMember 2018-12-31 0001685040 us-gaap:CorporateDebtSecuritiesMember 2018-09-30 0001685040 bhf:NetDerivativesMember 2018-09-30 0001685040 bhf:SeparateAccountAssetsMember 2019-09-30 0001685040 bhf:StructuredSecuritiesMember 2017-12-31 0001685040 bhf:NetDerivativesMember 2017-12-31 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2017-12-31 0001685040 bhf:StructuredSecuritiesMember 2018-12-31 0001685040 us-gaap:ShortTermInvestmentsMember 2018-12-31 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-07-01 2019-09-30 0001685040 us-gaap:ShortTermInvestmentsMember 2019-06-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-07-01 2018-09-30 0001685040 bhf:NetDerivativesMember 2018-07-01 2018-09-30 0001685040 us-gaap:ShortTermInvestmentsMember 2018-07-01 2018-09-30 0001685040 bhf:StructuredSecuritiesMember 2018-07-01 2018-09-30 0001685040 us-gaap:EquitySecuritiesMember 2019-07-01 2019-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-07-01 2018-09-30 0001685040 us-gaap:ShortTermInvestmentsMember 2019-07-01 2019-09-30 0001685040 us-gaap:EquitySecuritiesMember 2018-07-01 2018-09-30 0001685040 bhf:NetDerivativesMember 2019-07-01 2019-09-30 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-07-01 2018-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-07-01 2019-09-30 0001685040 bhf:SeparateAccountAssetsMember 2018-06-30 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-06-30 0001685040 bhf:StructuredSecuritiesMember 2019-07-01 2019-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0001685040 bhf:SeparateAccountAssetsMember 2019-07-01 2019-09-30 0001685040 us-gaap:CorporateDebtSecuritiesMember 2019-07-01 2019-09-30 0001685040 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-06-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-07-01 2019-09-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-06-30 0001685040 bhf:SeparateAccountAssetsMember 2018-07-01 2018-09-30 0001685040 us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001685040 us-gaap:EquitySecuritiesMember 2019-06-30 0001685040 bhf:SeparateAccountAssetsMember 2019-06-30 0001685040 us-gaap:CorporateDebtSecuritiesMember 2018-07-01 2018-09-30 0001685040 us-gaap:CorporateDebtSecuritiesMember 2018-06-30 0001685040 us-gaap:EquitySecuritiesMember 2018-06-30 0001685040 us-gaap:ShortTermInvestmentsMember 2018-06-30 0001685040 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-06-30 0001685040 bhf:StructuredSecuritiesMember 2019-06-30 0001685040 bhf:StructuredSecuritiesMember 2018-06-30 0001685040 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-06-30 0001685040 bhf:NetDerivativesMember 2018-06-30 0001685040 bhf:NetDerivativesMember 2019-06-30 0001685040 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001685040 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001685040 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001685040 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001685040 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0001685040 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001685040 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001685040 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001685040 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001685040 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001685040 bhf:RevolvingCreditFacilityMaturing2024Member 2019-05-07 0001685040 bhf:TermLoanDue2024Member 2019-02-01 2019-02-01 0001685040 bhf:TermLoanDue2024Member 2019-02-01 0001685040 bhf:TermLoanDue2019Member 2019-02-01 2019-02-01 0001685040 bhf:RevolvingCreditFacilityMaturing2019Member 2019-05-07 0001685040 2019-03-25 0001685040 2019-03-25 2019-03-25 0001685040 2019-05-15 2019-05-15 0001685040 2019-08-15 2019-08-15 0001685040 bhf:AuthorizationUnder10b51PlanMember 2019-07-01 2019-09-30 0001685040 bhf:AuthorizationUnder10b51PlanMember 2019-09-30 0001685040 bhf:AuthorizationUnder10b51PlanMember 2019-05-03 0001685040 bhf:AuthorizationUnder10b51PlanMember 2019-01-01 2019-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateSwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-07-01 2019-09-30 0001685040 us-gaap:ForwardContractsMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0001685040 us-gaap:InterestRateSwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-07-01 2018-09-30 0001685040 us-gaap:ForwardContractsMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-07-01 2018-09-30 0001685040 us-gaap:InterestRateSwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-07-01 2019-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:ForwardContractsMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0001685040 us-gaap:ForwardContractsMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-07-01 2019-09-30 0001685040 us-gaap:CurrencySwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-07-01 2019-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001685040 us-gaap:InterestRateSwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-07-01 2019-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-07-01 2018-09-30 0001685040 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0001685040 us-gaap:CurrencySwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0001685040 us-gaap:CurrencySwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0001685040 us-gaap:CurrencySwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-07-01 2018-09-30 0001685040 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-09-30 0001685040 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-09-30 0001685040 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-09-30 0001685040 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0001685040 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-09-30 0001685040 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-12-31 0001685040 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-09-30 0001685040 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0001685040 us-gaap:AccumulatedTranslationAdjustmentMember 2019-09-30 0001685040 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0001685040 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-09-30 0001685040 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-12-31 0001685040 us-gaap:AccumulatedTranslationAdjustmentMember 2019-07-01 2019-09-30 0001685040 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-07-01 2019-09-30 0001685040 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-06-30 0001685040 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-07-01 2019-09-30 0001685040 us-gaap:AccumulatedTranslationAdjustmentMember 2019-06-30 0001685040 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-07-01 2019-09-30 0001685040 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-06-30 0001685040 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-06-30 0001685040 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-07-01 2018-09-30 0001685040 us-gaap:AccumulatedTranslationAdjustmentMember 2018-07-01 2018-09-30 0001685040 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-07-01 2018-09-30 0001685040 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-09-30 0001685040 us-gaap:AccumulatedTranslationAdjustmentMember 2018-06-30 0001685040 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-07-01 2018-09-30 0001685040 us-gaap:AccumulatedTranslationAdjustmentMember 2018-09-30 0001685040 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-06-30 0001685040 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-09-30 0001685040 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-09-30 0001685040 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-06-30 0001685040 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-06-30 0001685040 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-09-30 0001685040 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2017-12-31 0001685040 us-gaap:AccumulatedTranslationAdjustmentMember 2018-01-01 2018-09-30 0001685040 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-09-30 0001685040 srt:RestatementAdjustmentMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2017-12-31 0001685040 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0001685040 srt:RestatementAdjustmentMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2017-12-31 0001685040 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2017-12-31 0001685040 srt:RestatementAdjustmentMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-12-31 0001685040 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-12-31 0001685040 srt:RestatementAdjustmentMember us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0001685040 us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0001685040 us-gaap:DistributionServiceMember 2019-07-01 2019-09-30 0001685040 us-gaap:DistributionServiceMember 2018-01-01 2018-09-30 0001685040 us-gaap:DistributionServiceMember 2018-07-01 2018-09-30 0001685040 us-gaap:DistributionServiceMember 2019-01-01 2019-09-30 0001685040 srt:MinimumMember 2019-09-30 0001685040 srt:MaximumMember 2019-09-30 0001685040 us-gaap:LoanOriginationCommitmentsMember 2019-09-30 0001685040 us-gaap:CommitmentsToExtendCreditMember 2019-09-30 0001685040 us-gaap:LoanOriginationCommitmentsMember 2018-12-31 0001685040 us-gaap:CommitmentsToExtendCreditMember 2018-12-31 bhf:Segment iso4217:USD xbrli:shares xbrli:shares xbrli:pure iso4217:USD bhf:Contracts

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
  
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ___ to ___                    
Commission File Number: 001-37905
 
http://api.tenkwizard.com/cgi/image?quest=1&rid=23&ipage=13182775&doc=11
Brighthouse Financial, Inc.
(Exact name of registrant as specified in its charter)
Delaware
 
81-3846992
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer Identification No.)
 
 
 
 
 
11225 North Community House Road,
Charlotte,
North Carolina
 
28277
(Address of principal executive offices)
 
(Zip Code)
(980) 365-7100
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01 per share
BHF
The Nasdaq Stock Market LLC
Depositary Shares, each representing a 1/1,000th interest in a share
BHFAP
The Nasdaq Stock Market LLC
of 6.600% Non-Cumulative Preferred Stock, Series A
6.250% Junior Subordinated Debentures due 2058
BHFAL
The Nasdaq Stock Market LLC
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
þ
 
Accelerated filer
¨
 
Non-accelerated filer
¨
 
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 1, 2019, 107,943,076 shares of the registrant’s common stock were outstanding.
 
 



Table of Contents
 
Page
 
   Item 1.
Consolidated Financial Statements (at September 30, 2019 (Unaudited) and December 31, 2018 and for the Three Months and Nine Months Ended September 30, 2019 and 2018 (Unaudited)):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Item 2.
  Item 3.
  Item 4.
 
 
 
  Item 1.
  Item 1A.
  Item 2.
  Item 6.
 
 


Table of Contents


Part I — Financial Information
Item 1. Financial Statements
Brighthouse Financial, Inc.
Interim Condensed Consolidated Balance Sheets
September 30, 2019 (Unaudited) and December 31, 2018
(In millions, except share and per share data)
 
 
September 30, 2019
 
December 31, 2018
Assets
 
 
 
 
Investments:
 
 
 
 
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $63,115 and $60,920, respectively)
 
$
70,723

 
$
62,608

Equity securities, at estimated fair value
 
148

 
140

Mortgage loans (net of valuation allowances of $64 and $57, respectively)
 
15,359

 
13,694

Policy loans
 
1,332

 
1,421

Real estate limited partnerships and limited liability companies
 
458

 
451

Other limited partnership interests
 
1,895

 
1,840

Short-term investments, principally at estimated fair value
 
1,985

 

Other invested assets, principally at estimated fair value
 
4,734

 
3,027

Total investments
 
96,634

 
83,181

Cash and cash equivalents
 
4,289

 
4,145

Accrued investment income
 
732

 
724

Premiums, reinsurance and other receivables
 
14,385

 
13,697

Deferred policy acquisition costs and value of business acquired
 
5,317

 
5,717

Current income tax recoverable
 
14

 
1

Other assets
 
577

 
573

Separate account assets
 
103,928

 
98,256

Total assets
 
$
225,876

 
$
206,294

Liabilities and Equity
 
 
 
 
Liabilities
 
 
 
 
Future policy benefits
 
$
39,846

 
$
36,209

Policyholder account balances
 
44,919

 
40,054

Other policy-related balances
 
3,079

 
3,000

Payables for collateral under securities loaned and other transactions
 
5,291

 
5,057

Long-term debt
 
4,365

 
3,963

Current income tax payable
 

 
15

Deferred income tax liability
 
1,749

 
972

Other liabilities
 
4,939

 
4,285

Separate account liabilities
 
103,928

 
98,256

Total liabilities
 
208,116

 
191,811

Contingencies, Commitments and Guarantees (Note 11)
 

 

Equity
 
 
 
 
Brighthouse Financial, Inc.’s stockholders’ equity:
 
 
 
 
Preferred stock, par value $0.01 per share; $425 aggregate liquidation preference at September 30, 2019
 

 

Common stock, par value $0.01 per share; 1,000,000,000 shares authorized; 120,614,815 and 120,448,018 shares issued, respectively; 109,264,305 and 117,532,336 shares outstanding, respectively
 
1

 
1

Additional paid-in capital
 
12,897

 
12,473

Retained earnings (deficit)
 
1,662

 
1,346

Treasury stock, at cost; 11,350,510 and 2,915,682 shares, respectively
 
(432
)
 
(118
)
Accumulated other comprehensive income (loss)
 
3,567

 
716

Total Brighthouse Financial, Inc.’s stockholders’ equity
 
17,695

 
14,418

Noncontrolling interests
 
65

 
65

Total equity
 
17,760

 
14,483

Total liabilities and equity
 
$
225,876

 
$
206,294

See accompanying notes to the interim condensed consolidated financial statements.

2

Table of Contents


Brighthouse Financial, Inc.
Interim Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
For the Three Months and Nine Months Ended September 30, 2019 and 2018 (Unaudited)
(In millions, except per share data)
 
Three Months Ended
 September 30,
 
Nine Months Ended
 September 30,
 
2019
 
2018
 
2019
 
2018
Revenues
 
 
 
 
 
 
 
Premiums
$
214

 
$
225

 
$
673

 
$
677

Universal life and investment-type product policy fees
867

 
972

 
2,630

 
2,936

Net investment income
928

 
853

 
2,681

 
2,476

Other revenues
94

 
105

 
282

 
308

Net investment gains (losses)
27

 
(42
)
 
79

 
(121
)
Net derivative gains (losses)
1,057

 
(691
)
 
(97
)
 
(1,337
)
Total revenues
3,187

 
1,422

 
6,248

 
4,939

Expenses
 
 
 
 
 
 
 
Policyholder benefits and claims
1,319

 
822

 
2,936

 
2,373

Interest credited to policyholder account balances
272

 
273

 
795

 
809

Amortization of deferred policy acquisition costs and value of business acquired
181

 
30

 
373

 
581

Other expenses
611

 
665

 
1,824

 
1,974

Total expenses
2,383

 
1,790

 
5,928

 
5,737

Income (loss) before provision for income tax
804

 
(368
)
 
320

 
(798
)
Provision for income tax expense (benefit)
119

 
(99
)
 
(14
)
 
(226
)
Net income (loss)
685

 
(269
)
 
334

 
(572
)
Less: Net income (loss) attributable to noncontrolling interests
2

 
2

 
4

 
5

Net income (loss) attributable to Brighthouse Financial, Inc.
683

 
(271
)
 
330

 
(577
)
Less: Preferred stock dividends
7

 

 
14

 

Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders
$
676

 
$
(271
)
 
$
316

 
$
(577
)
Comprehensive income (loss)
$
1,550

 
$
(532
)
 
$
3,185

 
$
(1,617
)
Less: Comprehensive income (loss) attributable to noncontrolling interests
2

 
2

 
4

 
5

Comprehensive income (loss) attributable to Brighthouse Financial, Inc.
$
1,548

 
$
(534
)
 
$
3,181

 
$
(1,622
)
Earnings per common share
 
 
 
 
 
 
 
Basic
$
6.09

 
$
(2.26
)
 
$
2.77

 
$
(4.82
)
Diluted
$
6.06

 
$
(2.26
)
 
$
2.75

 
$
(4.82
)
See accompanying notes to the interim condensed consolidated financial statements.

3

Table of Contents


Brighthouse Financial, Inc.
Interim Condensed Consolidated Statements of Equity
For the Three Months and Nine Months Ended September 30, 2019 and 2018 (Unaudited)
(In millions)
 
 
Preferred Stock
 
Common Stock
 
Additional Paid-in Capital
 
Retained Earnings (Deficit)
 
Treasury Stock at Cost
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Brighthouse Financial, Inc.’s Stockholders’ Equity
 
Noncontrolling Interests
 
Total Equity
Balance at December 31, 2018
 
$

 
$
1

 
$
12,473

 
$
1,346

 
$
(118
)
 
$
716

 
$
14,418

 
$
65

 
$
14,483

Preferred stock issuance
 

 
 
 
412

 
 
 
 
 
 
 
412

 
 
 
412

Treasury stock acquired in connection with share repurchases
 
 
 
 
 
 
 
 
 
(188
)
 
 
 
(188
)
 
 
 
(188
)
Share-based compensation
 
 
 
 
 
8

 
 
 
 
 
 
 
8

 
 
 
8

Dividends on preferred stock
 
 
 
 
 
 
 
(7
)
 
 
 
 
 
(7
)
 
 
 
(7
)
Change in noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
 

 
(2
)
 
(2
)
Net income (loss)
 
 
 
 
 
 
 
(353
)
 
 
 
 
 
(353
)
 
2

 
(351
)
Other comprehensive income (loss), net of income tax
 
 
 
 
 
 
 
 
 
 
 
1,986

 
1,986

 
 
 
1,986

Balance at June 30, 2019
 

 
1

 
12,893

 
986

 
(306
)
 
2,702

 
16,276

 
65

 
16,341

Treasury stock acquired in connection with share repurchases
 
 
 
 
 
 
 
 
 
(126
)
 
 
 
(126
)
 
 
 
(126
)
Share-based compensation
 
 
 
 
 
4

 
 
 
 
 
 
 
4

 
 
 
4

Dividends on preferred stock
 
 
 
 
 
 
 
(7
)
 
 
 
 
 
(7
)
 
 
 
(7
)
Change in noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
 

 
(2
)
 
(2
)
Net income (loss)
 
 
 
 
 
 
 
683

 
 
 
 
 
683

 
2

 
685

Other comprehensive income (loss), net of income tax
 
 
 
 
 
 
 
 
 
 
 
865

 
865

 
 
 
865

Balance at September 30, 2019
 
$

 
$
1

 
$
12,897

 
$
1,662

 
$
(432
)
 
$
3,567

 
$
17,695

 
$
65

 
$
17,760


 
 
Preferred Stock
 
Common Stock
 
Additional Paid-in Capital
 
Retained Earnings (Deficit)
 
Treasury Stock at Cost
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Brighthouse Financial, Inc.’s Stockholders’ Equity
 
Noncontrolling Interests
 
Total Equity
Balance at December 31, 2017
 
$

 
$
1

 
$
12,432

 
$
406

 
$

 
$
1,676

 
$
14,515

 
$
65

 
$
14,580

Cumulative effect of change in accounting principle and other, net of income tax
 
 
 
 
 
 
 
75

 
 
 
(79
)
 
(4
)
 
 
 
(4
)
Balance at January 1, 2018
 

 
1

 
12,432

 
481

 

 
1,597

 
14,511

 
65

 
14,576

Share-based compensation
 
 
 
 
 
12

 
 
 
 
 
 
 
12

 
 
 
12

Change in noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
 

 
(3
)
 
(3
)
Net income (loss)
 
 
 
 
 
 
 
(306
)
 
 
 
 
 
(306
)