Brighthouse Financial, Inc. (BHF) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Annuities	4,871	5,216	4,563	4,648	4,567	4,370	4,958	5,229
Annuity products	2,855	3,252	3,010	3,106	3,304	3,363	3,938
Run-off	1,808	2,557	1,938	2,009	2,112	2,147	2,343	2,367
Life	1,137	1,491	1,334	1,328	1,389	1,315	1,249	1,137
Other								158
Total revenues	8,473	7,142	8,503	6,554	8,965	6,842	3,018	8,891
Revenue growth	18.6%	-16.0%	29.7%	-26.9%	31.0%	126.7%	-66.1%	-5.9%
Loss and loss adjustment expenses	4,165	3,443	5,711	3,670	3,272	3,636	3,903	3,269
Policy acquisition costs	890	151	738	373	944	187	256	635
Investment expenses	252	150	170	203	196	178	176	128
Other operating expenses	3,185	3,443	3,119	3,169	3,406	3,303	3,213	3,227
General and administrative	188	84	125	145	145	158	635	413
EBITDA							-4,425	1,348
EBITDA margin	0.0%	-0.6%	-13.7%	-12.6%	13.3%	-6.7%	-146.6%	15.2%
Depreciation							17	26
EBIT	-4	-41	-1,164	-823	1,188	-457	-4,442	1,322
EBIT margin	0.0%	-0.6%	-13.7%	-12.6%	13.3%	-6.7%	-147.2%	14.9%
Interest expense, net [+]	138	159	113	153	117	148	87	-584
Interest expense	153	163	184	191	158	153	175	170
Interest income	15	4	71	38	41	5	88	754
Other income (expense), net	-15	-4	-71	-38	-41	-5	-88	-76
Pre-tax income	-172	-208	-1,419	-1,052	989	-615	-4,705	1,462
Income taxes	-182	-105	-363	-317	119	-237	-1,766	343
Tax rate	105.8%	50.5%	25.6%	30.1%	12.0%	38.5%	37.5%	23.5%
Minority interest	5	5	5	5	5
Net income	-99	-197	-1,105	-761	865	-378	-2,939	1,119
Net margin	-1.2%	-2.8%	-13.0%	-11.6%	9.6%	-5.5%	-97.4%	12.6%

Basic EPS	($1.36)	($2.35)	($11.59)	($6.76)	$7.25	($3.16)	($24.54)
Diluted EPS	($1.36)	($2.35)	($11.59)	($6.76)	$7.22	($3.16)	($24.54)

Shares outstanding (basic)	73	84	95	113	119	120	120
Shares outstanding (diluted)	73	84	95	113	120	120	120

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.