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Brighthouse Financial (BHFAP) Financials

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$15.16 0.00 (0.00%)
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Annual Income Statements for Brighthouse Financial

Annual Income Statements for Brighthouse Financial

This table shows Brighthouse Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 1,119 -2,939 -378 865 -761 -1,105 1,554 3,775 -1,214 286 331
Consolidated Net Income / (Loss)		 1,119 -2,939 -378 870 -735 -1,056 1,648 3,884 -1,107 393 438
Net Income / (Loss) Continuing Operations		 1,119 -2,939 -378 870 -735 -1,056 1,648 3,884 -1,107 393 438
Total Pre-Tax Income 		1,462 -4,705 -615 989 -1,052 -1,419 2,009 4,732 -1,474 422 474
Total Revenue		 8,891 3,018 6,842 8,965 6,554 8,503 4,976 6,873 4,117 4,724 6,766
Net Interest Income / (Expense)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 8,891 3,018 6,842 8,965 6,554 8,503 4,976 6,873 4,117 4,724 6,766
Other Service Charges		 4,432 4,518 4,549 4,232 3,969 3,876 3,430 2,913 2,778 2,695 2,716
Net Realized & Unrealized Capital Gains on Investments		 2,780 -2,722 1,430 3,833 1,703 3,861 839 3,298 511 1,259 3,355
Premiums Earned		 1,679 1,222 863 900 882 766 707 662 828 770 695
Total Non-Interest Expense		 7,429 7,723 7,457 7,976 7,606 9,922 2,967 2,141 5,591 4,302 6,292
Property & Liability Insurance Claims		 4,528 5,068 4,747 4,351 4,733 6,803 4,015 3,531 4,501 4,430 3,993
Amortization of Deferred Policy Acquisition Costs		 781 371 227 1,050 382 766 637 629 620 599 609
Current and Future Benefits		 - - - - - - -4,134 -4,104 -1,507 -2,673 -268
Other Operating Expenses		 2,120 2,284 2,483 2,575 2,491 2,353 2,449 2,085 1,977 1,946 1,958
Income Tax Expense		 343 -1,766 -237 119 -317 -363 361 848 -367 29 36
Preferred Stock Dividends Declared		 - - 0.00 0.00 21 44 89 104 102 102 102
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 0.00 0.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
Basic Earnings per Share		 $9.34 ($24.54) ($3.16) $7.24 ($6.76) ($11.58) $18.54 $51.73 ($18.39) $4.67 $5.75
Weighted Average Basic Shares Outstanding		 - - 119.77M 119.50M 112.60M 87.38M 76.63M 67.70M 62.88M 58.06M 57.18M
Diluted Earnings per Share		 $9.34 ($24.54) ($3.16) $7.21 ($6.76) ($11.58) $18.39 $51.30 ($18.39) $4.64 $5.71
Weighted Average Diluted Shares Outstanding		 - - 119.77M 119.50M 112.60M 87.38M 76.63M 67.70M 62.88M 58.06M 57.18M
Weighted Average Basic & Diluted Shares Outstanding		 - - 119.77M 119.50M 112.60M 87.38M 76.63M 67.70M 62.88M 58.06M 57.18M

Quarterly Income Statements for Brighthouse Financial

This table shows Brighthouse Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 453 -942 -519 9.00 150 646 -294 60 453 112 -792
Consolidated Net Income / (Loss)		 481 -916 -491 34 178 672 -266 85 481 138 -764
Net Income / (Loss) Continuing Operations		 481 -916 -491 34 178 672 -266 85 481 138 -764
Total Pre-Tax Income 		590 -1,174 -614 14 188 834 -354 93 585 150 -986
Total Revenue		 1,170 1,400 74 1,427 2,018 1,205 2,390 871 1,816 1,689 1,527
Net Interest Income / (Expense)		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 1,170 1,400 74 1,427 2,018 1,205 2,390 871 1,816 1,689 1,527
Other Service Charges		 667 681 581 721 703 690 679 696 674 667 662
Net Realized & Unrealized Capital Gains on Investments		 309 493 -709 525 1,135 308 1,525 9.00 972 849 697
Premiums Earned		 194 226 202 181 180 207 186 166 170 173 168
Total Non-Interest Expense		 580 2,574 688 1,413 1,830 371 2,744 778 1,231 1,539 2,513
Property & Liability Insurance Claims		 1,016 1,235 1,470 1,151 578 1,231 1,210 1,248 309 1,226 1,130
Amortization of Deferred Policy Acquisition Costs		 155 152 151 150 150 148 148 149 153 159 158
Current and Future Benefits		 -1,064 663 -1,440 -356 610 -1,487 893 -1,101 289 -349 748
Other Operating Expenses		 473 524 507 468 492 479 493 482 480 503 477
Income Tax Expense		 109 -258 -123 -20 10 162 -88 8.00 104 12 -222
Preferred Stock Dividends Declared		 26 25 26 25 26 25 26 25 26 25 26
Net Income / (Loss) Attributable to Noncontrolling Interest		 2.00 1.00 2.00 0.00 2.00 1.00 2.00 0.00 2.00 1.00 2.00
Basic Earnings per Share		 $6.92 ($14.58) ($8.22) $0.12 $2.49 $10.28 ($5.04) $1.03 $7.93 $1.83 ($13.82)
Weighted Average Basic Shares Outstanding		 64.20M 62.88M 62.11M 60.76M 59.35M 58.06M 57.41M 57.15M 57.17M 57.18M 57.45M
Diluted Earnings per Share		 $6.89 ($14.55) ($8.22) $0.12 $2.47 $10.27 ($5.04) $1.02 $7.89 $1.84 ($13.82)
Weighted Average Diluted Shares Outstanding		 64.20M 62.88M 62.11M 60.76M 59.35M 58.06M 57.41M 57.15M 57.17M 57.18M 57.45M
Weighted Average Basic & Diluted Shares Outstanding		 64.20M 62.88M 62.11M 60.76M 59.35M 58.06M 57.41M 57.15M 57.17M 57.18M 57.45M

Annual Cash Flow Statements for Brighthouse Financial

This table details how cash moves in and out of Brighthouse Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -33 3,658 -3,371 2,288 -1,268 1,231 366 -359 -264 1,194 342
Net Cash From Operating Activities		 4,631 3,736 3,396 3,062 1,828 888 641 -1,228 -137 -290 259
Net Cash From Continuing Operating Activities		 4,631 3,736 3,396 3,062 1,828 888 641 -1,228 -137 -290 259
Net Income / (Loss) Continuing Operations		 1,119 -2,939 -378 870 -735 -1,056 1,648 3,884 -1,107 393 438
Consolidated Net Income / (Loss)		 1,119 -2,939 -378 870 -735 -1,056 1,648 3,884 -1,107 393 438
Amortization Expense		 -240 -235 -276 -264 -283 -260 -254 -233 -282 -330 -320
Non-Cash Adjustments to Reconcile Net Income		 -1,390 4,840 324 -2,831 63 -2,204 -2,722 -3,873 1,629 -282 -1,045
Changes in Operating Assets and Liabilities, net		 5,116 2,053 3,726 5,287 2,783 4,408 1,969 -1,006 -377 -71 1,186
Net Cash From Investing Activities		 -7,042 4,674 -3,915 -4,538 -7,341 -5,843 -12,238 -8,276 -3,196 -2,194 751
Net Cash From Continuing Investing Activities		 -7,042 4,674 -3,915 -4,538 -7,341 -5,843 -12,238 -8,276 -3,196 -2,194 750
Acquisitions		 -871 -2,765 -3,831 -2,940 -2,639 -4,515 -4,592 -4,275 -5,428 -11,865 -18,263
Purchase of Investment Securities		 -48,034 -42,878 -21,362 -20,710 -21,010 -17,081 -28,926 -21,971 -10,146 -14,685 -15,016
Divestitures		 - - - - - 0.00 0.00 - 0.00 0.00 43
Sale and/or Maturity of Investments		 41,660 49,600 19,426 17,328 14,230 9,369 17,340 13,866 7,411 12,260 17,161
Other Investing Activities, net		 203 717 1,852 1,784 2,078 6,384 3,940 4,104 4,967 12,096 16,825
Net Cash From Financing Activities		 2,380 -4,752 -2,852 3,764 4,245 6,186 11,963 9,145 3,069 3,678 -668
Net Cash From Continuing Financing Activities		 2,380 -4,752 -2,852 3,764 4,245 6,186 11,963 9,145 3,069 3,678 -668
Issuance of Debt		 3,301 0.00 3,588 1,263 334 1,476 1,417 -1,709 -890 221 814
Repayment of Debt		 -21,413 -15,652 -9,060 -3,571 -3,451 -4,822 -4,869 -20,046 -17,749 -26,380 -21,005
Repurchase of Common Equity		 - 0.00 0.00 -105 -442 -473 -499 -488 -250 -250 -102
Payment of Dividends		 0.00 0.00 -2,466 0.00 -21 -44 -89 -104 -102 -102 -102
Other Financing Activities, Net		 20,492 10,900 5,086 6,177 7,413 9,101 15,664 31,492 22,060 30,189 19,727
Cash Interest Paid		 195 186 155 159 187 186 160 152 151 151 151
Cash Income Taxes Paid		 -405 189 -637 -895 16 -100 103 44 7.00 13 12

Quarterly Cash Flow Statements for Brighthouse Financial

This table details how cash moves in and out of Brighthouse Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 102 12 -28 618 1,189 -585 -378 873 1,066 -1,219 -480
Net Cash From Operating Activities		 339 152 -530 334 24 -118 146 -1.00 117 -3.00 -221
Net Cash From Continuing Operating Activities		 - -137 0.00 - - -290 0.00 - - 259 0.00
Net Income / (Loss) Continuing Operations		 - -1,107 0.00 - - 393 0.00 - - 438 0.00
Net Cash From Investing Activities		 -985 -552 -625 -1,082 -130 -357 563 112 1,372 -1,296 -485
Net Cash From Continuing Investing Activities		 -985 -552 -625 -1,082 -130 -357 563 112 1,372 -1,297 -485
Acquisitions		 -1,616 -788 -3,174 -2,569 -2,905 -3,217 -4,110 -2,856 -5,979 -5,318 -5,313
Purchase of Investment Securities		 -2,817 -2,519 -2,966 -4,498 -3,289 -3,932 -3,274 -2,590 -4,650 -4,502 -4,240
Sale and/or Maturity of Investments		 2,098 1,684 2,153 3,911 3,142 3,054 4,599 3,563 5,211 3,788 4,313
Other Investing Activities, net		 1,350 1,071 3,362 2,074 2,922 3,738 3,348 1,995 6,790 4,692 4,755
Net Cash From Financing Activities		 748 412 1,127 1,366 1,295 -110 -1,087 762 -423 80 226
Net Cash From Continuing Financing Activities		 748 412 1,127 1,366 1,295 -110 -1,087 762 -423 80 226
Issuance of Debt		 -192 -271 -17 253 -142 127 13 90 353 358 -44
Repayment of Debt		 -3,687 -4,975 -6,447 -11,563 -17,460 9,090 -5,968 -4,013 -5,245 -5,779 -6,701
Repurchase of Common Equity		 -64 -60 -62 -64 -64 -60 -59 -43 - - 0.00
Payment of Dividends		 -26 -25 -26 -25 -26 -25 -26 -25 -26 -25 -26
Other Financing Activities, Net		 4,717 5,743 7,679 12,765 18,987 -9,242 4,953 4,753 4,495 5,526 6,997
Cash Interest Paid		 7.00 69 6.00 69 7.00 69 6.00 69 7.00 69 6.00
Cash Income Taxes Paid		 4.00 6.00 4.00 2.00 4.00 3.00 7.00 3.00 2.00 - 4.00

Annual Balance Sheets for Brighthouse Financial

This table presents Brighthouse Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 221,930 224,192 206,294 227,259 247,869 259,840 224,847 236,340 238,537 241,800
Cash and Due from Banks		 5,228 1,857 4,145 2,877 4,108 4,474 4,115 3,851 5,045 5,387
Trading Account Securities		 61,688 65,152 62,748 71,183 82,495 87,683 75,666 81,093 80,132 82,520
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 693 601 724 684 676 724 885 1,183 1,277 1,260
Mortgage Servicing Rights		 9,378 10,742 13,694 15,753 15,808 19,850 22,936 22,508 23,286 22,755
Unearned Premiums Asset		 14,647 13,525 13,697 14,760 16,158 16,094 18,548 19,761 21,126 21,579
Deferred Acquisition Cost		 6,293 6,286 5,717 5,448 4,911 5,377 5,084 4,872 4,710 4,567
Separate Account Business Assets		 113,043 118,257 98,256 107,107 111,969 114,464 84,965 88,271 85,636 85,528
Other Assets		 10,960 7,772 7,313 9,447 11,606 11,174 12,648 14,801 17,325 18,204
Total Liabilities & Shareholders' Equity		 221,930 224,192 206,294 227,259 247,869 259,840 224,847 236,340 238,537 241,800
Total Liabilities		 207,068 209,612 191,811 211,022 229,781 243,633 219,249 231,332 233,513 234,967
Long-Term Debt		 4,707 3,612 3,963 4,365 3,436 3,157 3,156 3,156 3,155 3,155
Future Policy Benefits		 33,372 36,616 36,209 39,686 44,448 43,807 31,497 32,569 31,475 32,025
Participating Policy Holder Equity		 40,571 40,768 43,054 48,882 57,919 70,308 77,625 84,904 91,867 91,845
Separate Account Business Liabilities		 113,043 118,257 98,256 107,107 111,969 114,464 84,965 88,271 85,636 85,528
Other Long-Term Liabilities		 7,985 10,359 10,329 10,982 12,009 11,897 22,006 22,432 21,380 22,414
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 14,862 14,580 14,483 16,237 18,088 16,207 5,598 5,008 5,024 6,833
Total Preferred & Common Equity		 14,862 14,515 14,418 16,172 18,023 16,142 5,533 4,943 4,959 6,768
Preferred Stock		 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 14,862 14,515 14,418 16,172 18,023 16,142 5,533 4,943 4,959 6,768
Common Stock		 0.00 12,433 12,474 12,909 13,879 14,155 14,076 14,005 13,928 13,871
Retained Earnings		 0.00 406 1,346 585 -534 -642 -395 -1,507 -1,119 -686
Treasury Stock		 - 0.00 -118 -562 -1,038 -1,543 -2,042 -2,309 -2,572 -2,688
Accumulated Other Comprehensive Income / (Loss)		 1,265 1,676 716 3,240 5,716 4,172 -6,106 -5,246 -5,278 -3,729
Noncontrolling Interest		 0.00 65 65 65 65 65 65 65 65 65

Quarterly Balance Sheets for Brighthouse Financial

This table presents Brighthouse Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 221,641 230,002 231,545 223,516 239,688 237,438 245,156 234,681 242,645 244,679 236,803
Cash and Due from Banks		 4,793 3,685 3,737 3,839 3,823 4,441 5,630 4,667 5,540 6,606 4,907
Trading Account Securities		 75,371 77,776 77,668 75,523 80,560 80,666 83,385 81,078 81,429 82,143 81,776
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 909 985 1,027 1,143 1,297 1,169 2,083 1,267 1,235 1,350 1,302
Mortgage Servicing Rights		 22,089 22,823 22,614 22,682 22,670 22,641 22,938 23,051 22,993 22,862 22,620
Unearned Premiums Asset		 17,877 18,967 19,223 19,066 20,234 20,043 20,692 21,188 21,258 21,244 20,826
Deferred Acquisition Cost		 5,639 5,027 4,968 4,919 4,829 4,791 4,745 4,672 4,636 4,603 4,520
Separate Account Business Assets		 81,836 87,440 88,392 82,675 90,332 88,260 90,313 82,524 86,085 87,127 80,821
Other Assets		 13,127 13,299 13,916 13,669 15,943 15,427 15,370 16,234 19,469 18,744 20,031
Total Liabilities & Shareholders' Equity		 221,641 230,002 231,545 223,516 239,688 237,438 245,156 234,681 242,645 244,679 236,803
Total Liabilities		 215,762 224,183 226,573 219,382 235,428 233,232 239,566 229,377 236,907 238,251 231,175
Long-Term Debt		 3,156 3,157 3,156 3,157 3,155 3,155 3,155 3,155 3,155 3,155 3,154
Future Policy Benefits		 41,786 32,286 31,899 30,404 32,245 31,886 32,781 31,834 31,974 32,021 31,773
Participating Policy Holder Equity		 74,687 79,936 82,427 82,177 87,957 89,661 91,531 89,484 92,023 92,621 90,373
Separate Account Business Liabilities		 81,836 87,440 88,392 82,675 90,332 88,260 90,313 82,524 86,085 87,127 80,821
Other Long-Term Liabilities		 14,297 21,364 20,699 20,969 21,739 20,270 21,786 22,380 23,670 23,327 25,054
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 5,879 5,819 4,972 4,134 4,260 4,206 5,590 5,304 5,738 6,428 5,628
Total Preferred & Common Equity		 5,814 5,754 4,907 4,069 4,195 4,141 5,525 5,239 5,673 6,363 5,563
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 5,814 5,754 4,907 4,069 4,195 4,141 5,525 5,239 5,673 6,363 5,563
Common Stock		 14,096 14,055 14,040 14,023 13,990 13,973 13,954 13,940 13,919 13,894 13,870
Retained Earnings		 304 -894 -1,069 -590 -2,000 -1,966 -1,790 -1,387 -1,302 -823 -1,452
Treasury Stock		 -1,949 -2,119 -2,183 -2,248 -2,382 -2,447 -2,512 -2,644 -2,687 -2,688 -2,699
Accumulated Other Comprehensive Income / (Loss)		 -6,637 -5,288 -5,881 -7,116 -5,413 -5,419 -4,127 -4,670 -4,257 -4,020 -4,156
Noncontrolling Interest		 65 65 65 65 65 65 65 65 65 65 65

Annual Metrics And Ratios for Brighthouse Financial

This table displays calculated financial ratios and metrics derived from Brighthouse Financial's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $9.34 ($24.54) ($3.16) $7.24 ($6.76) ($11.58) ($2.36) ($1.36) ($18.39) $4.67 $5.75
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 119.77M 116.67M 105.10M 87.38M 76.63M 67.70M 62.88M 58.06M 57.18M
Adjusted Diluted Earnings per Share		 $9.34 $0.00 $0.00 $7.21 ($6.76) ($11.58) ($2.36) ($1.36) ($18.39) $4.64 $5.71
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 119.77M 116.67M 105.10M 87.38M 76.63M 67.70M 62.88M 58.06M 57.18M
Adjusted Basic & Diluted Earnings per Share		 $9.34 $0.00 $0.00 $0.00 ($6.76) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 119.77M 116.67M 105.10M 87.38M 76.63M 67.70M 62.88M 58.06M 57.18M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Brighthouse Financial

This table displays calculated financial ratios and metrics derived from Brighthouse Financial's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 57,184,099.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 57,184,099.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -13.36
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.37% 1,202.36% -94.24% 442.59% 72.48% -13.93% 3,129.73% -38.96% -10.01% - -36.11%
EBITDA Growth		 15.23% -3,035.00% 5.97% 105.91% -68.14% 171.04% 42.35% 564.29% 211.17% - -178.53%
EBIT Growth		 15.23% -3,035.00% 5.97% 105.91% -68.14% 171.04% 42.35% 564.29% 211.17% - -178.53%
NOPAT Growth		 15.90% -699.85% 5.97% 120.49% -62.99% 181.77% 42.35% 150.00% 170.22% - -178.53%
Net Income Growth		 15.90% -768.61% 1.21% 119.43% -62.99% 173.36% 45.82% 150.00% 170.22% - -187.22%
EPS Growth		 27.83% -603.46% -6.48% 103.99% -64.15% 170.58% 38.69% 750.00% 219.43% - -174.21%
Operating Cash Flow Growth		 135.24% 167.26% -6.00% 360.94% -92.92% -177.63% 127.55% -100.30% 387.50% - -251.37%
Free Cash Flow Firm Growth		 -79.61% -102.16% -82.87% -84.35% -157.35% 383.43% -214.20% -280.65% 72.02% - 21.57%
Invested Capital Growth		 -19.30% -6.74% -17.39% -9.44% 19.94% 0.18% 14.08% 20.81% 9.58% - 3.82%
Revenue Q/Q Growth		 344.87% 19.66% -94.71% 1,828.38% 41.42% -40.29% 98.34% -63.56% 108.50% - -9.59%
EBITDA Q/Q Growth		 348.95% -298.98% 47.70% 102.28% 1,242.86% 343.62% -142.45% 126.27% 529.03% - -757.33%
EBIT Q/Q Growth		 348.95% -298.98% 47.70% 102.28% 1,242.86% 343.62% -142.45% 126.27% 529.03% - -757.33%
NOPAT Q/Q Growth		 389.93% -270.85% 47.70% 107.91% 423.53% 277.53% -136.88% 134.30% 465.88% - -600.14%
Net Income Q/Q Growth		 374.86% -290.44% 46.40% 106.92% 423.53% 277.53% -139.58% 131.95% 465.88% - -653.62%
EPS Q/Q Growth		 328.90% -311.18% 43.51% 101.46% 1,958.33% 315.79% -149.08% 120.24% 673.53% - -851.09%
Operating Cash Flow Q/Q Growth		 364.84% -55.16% -448.68% 163.02% -92.81% -591.67% 223.73% -100.68% 11,800.00% - -7,266.67%
Free Cash Flow Firm Q/Q Growth		 -56.54% -110.42% 588.01% -29.19% -259.30% 151.49% -296.62% -12.01% 75.33% - 39.37%
Invested Capital Q/Q Growth		 -10.30% 11.97% -9.17% -0.73% 18.80% -6.47% 3.42% 5.13% 7.76% - -12.07%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 50.43% -83.86% -829.73% 0.98% 9.32% 69.21% -14.81% 10.68% 32.21% - -64.57%
EBIT Margin		 50.43% -83.86% -829.73% 0.98% 9.32% 69.21% -14.81% 10.68% 32.21% - -64.57%
Profit (Net Income) Margin		 41.11% -65.43% -663.51% 2.38% 8.82% 55.77% -11.13% 9.76% 26.49% - -50.03%
Tax Burden Percent		 81.53% 78.02% 79.97% 242.86% 94.68% 80.58% 75.14% 91.40% 82.22% - 77.48%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 18.47% 0.00% 0.00% -142.86% 5.32% 19.42% 0.00% 8.60% 17.78% - 0.00%
Return on Invested Capital (ROIC)		 13.04% -28.57% -206.02% 1.25% 5.41% 32.24% -9.20% 7.79% 18.16% - -30.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.04% -31.55% -207.96% 1.25% 5.41% 32.24% -9.77% 7.79% 18.16% - -33.29%
Return on Net Nonoperating Assets (RNNOA)		 8.22% -18.78% -130.23% 0.86% 3.51% 20.28% -6.45% 4.94% 9.53% - -19.21%
Return on Equity (ROE)		 21.27% -47.35% -336.25% 2.11% 8.92% 52.52% -15.64% 12.73% 27.69% - -50.16%
Cash Return on Invested Capital (CROIC)		 19.14% -5.22% 6.79% -0.80% -31.98% 4.63% -5.37% -10.62% 1.46% - -5.03%
Operating Return on Assets (OROA)		 0.59% -1.50% -10.27% 0.02% 0.20% 1.38% -0.44% 0.29% 0.83% - -1.62%
Return on Assets (ROA)		 0.48% -1.17% -8.21% 0.04% 0.19% 1.11% -0.33% 0.26% 0.68% - -1.25%
Return on Common Equity (ROCE)		 20.99% -46.77% -331.91% 2.08% 8.80% 51.84% -15.43% 12.56% 27.39% - -49.57%
Return on Equity Simple (ROE_SIMPLE)		 -1.33% 0.00% -26.25% -21.54% -21.63% 0.00% 11.80% 11.79% 15.28% - -1.08%
Net Operating Profit after Tax (NOPAT)		 481 -822 -430 34 178 672 -248 85 481 - -690
NOPAT Margin		 41.11% -58.70% -580.81% 2.38% 8.82% 55.77% -10.37% 9.76% 26.49% - -45.20%
Net Nonoperating Expense Percent (NNEP)		 0.00% 2.98% 1.94% 0.00% 0.00% 0.00% 0.58% 0.00% 0.00% - 2.34%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 49.57% 183.86% 929.73% 99.02% 90.68% 30.79% 114.81% 89.32% 67.79% - 164.57%
Earnings before Interest and Taxes (EBIT)		 590 -1,174 -614 14 188 834 -354 93 585 - -986
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 590 -1,174 -614 14 188 834 -354 93 585 - -986
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.79 0.69 0.79 0.65 0.50 0.58 0.64 0.54 0.48 - 0.62
Price to Tangible Book Value (P/TBV)		 0.79 0.69 0.79 0.65 0.50 0.58 0.64 0.54 0.48 - 0.62
Price to Revenue (P/Rev)		 1.24 0.83 1.14 0.66 0.56 0.60 0.48 0.48 0.48 - 0.58
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 9.97 6.59 5.49 3.51 - 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 10.03% 15.18% 18.21% 28.51% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.36 0.34 0.37 0.20 0.04 0.13 0.23 0.09 0.00 - 0.20
Enterprise Value to Revenue (EV/Rev)		 1.00 0.67 0.93 0.36 0.07 0.22 0.27 0.12 0.00 - 0.29
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 11.16 2.82 1.01 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 2.43 2.82 1.01 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 2.61 3.11 1.15 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 4.99 0.00 0.00 4.97 15.04 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.66 0.00 4.86 0.00 0.00 2.72 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.76 0.63 0.74 0.75 0.56 0.63 0.59 0.55 0.49 - 0.56
Long-Term Debt to Equity		 0.76 0.63 0.74 0.75 0.56 0.63 0.59 0.55 0.49 - 0.56
Financial Leverage		 0.63 0.60 0.63 0.69 0.65 0.63 0.66 0.63 0.53 - 0.58
Leverage Ratio		 44.46 43.48 46.60 51.10 48.20 47.34 49.60 48.28 40.76 - 43.13
Compound Leverage Factor		 44.46 43.48 46.60 51.10 48.20 47.34 49.60 48.28 40.76 - 43.13
Debt to Total Capital		 43.30% 38.66% 42.55% 42.86% 36.08% 38.57% 37.30% 35.48% 32.92% - 35.91%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 43.30% 38.66% 42.55% 42.86% 36.08% 38.57% 37.30% 35.48% 32.92% - 35.91%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.89% 0.80% 0.88% 0.88% 0.74% 0.79% 0.77% 0.73% 0.68% - 0.74%
Common Equity to Total Capital		 55.81% 60.55% 56.57% 56.26% 63.18% 60.63% 61.93% 63.79% 66.40% - 63.35%
Debt to EBITDA		 -12.14 -1.80 -2.20 -2.66 -1.99 34.29 4.63 4.15 2.72 - -19.96
Net Debt to EBITDA		 2.62 0.40 0.47 1.09 1.56 -20.54 -2.22 -3.13 -2.98 - 11.09
Long-Term Debt to EBITDA		 -12.14 -1.80 -2.20 -2.66 -1.99 34.29 4.63 4.15 2.72 - -19.96
Debt to NOPAT		 -17.35 -3.06 -3.14 -3.81 -2.84 8.03 5.11 4.72 3.25 - -28.52
Net Debt to NOPAT		 3.75 0.67 0.67 1.55 2.23 -4.81 -2.45 -3.57 -3.55 - 15.85
Long-Term Debt to NOPAT		 -17.35 -3.06 -3.14 -3.81 -2.84 8.03 5.11 4.72 3.25 - -28.52
Noncontrolling Interest Sharing Ratio		 1.30% 1.23% 1.29% 1.42% 1.34% 1.30% 1.36% 1.31% 1.08% - 1.19%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2,225 -232 1,131 801 -1,276 657 -1,292 -1,447 -357 - -1,013
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.01 0.02 0.01 0.02 0.02 0.02 0.03 0.03 0.03 - 0.03
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 7,291 8,164 7,415 7,361 8,745 8,179 8,459 8,893 9,583 - 8,782
Invested Capital Turnover		 0.32 0.49 0.35 0.53 0.61 0.58 0.89 0.80 0.69 - 0.68
Increase / (Decrease) in Invested Capital		 -1,744 -590 -1,561 -767 1,454 15 1,044 1,532 838 - 323
Enterprise Value (EV)		 2,589 2,768 2,706 1,471 326 1,026 1,920 767 -352 - 1,736
Market Capitalization		 3,206 3,398 3,309 2,692 2,736 2,851 3,367 3,087 3,034 - 3,424
Book Value per Share		 $62.12 $76.99 $67.54 $66.67 $90.94 $83.55 $90.23 $98.82 $111.33 - $97.28
Tangible Book Value per Share		 $62.12 $76.99 $67.54 $66.67 $90.94 $83.55 $90.23 $98.82 $111.33 - $97.28
Total Capital		 7,291 8,164 7,415 7,361 8,745 8,179 8,459 8,893 9,583 - 8,782
Total Debt		 3,157 3,156 3,155 3,155 3,155 3,155 3,155 3,155 3,155 - 3,154
Total Long-Term Debt		 3,157 3,156 3,155 3,155 3,155 3,155 3,155 3,155 3,155 - 3,154
Net Debt		 -682 -695 -668 -1,286 -2,475 -1,890 -1,512 -2,385 -3,451 - -1,753
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Expense (NNE)		 0.00 94 61 0.00 0.00 0.00 18 0.00 0.00 - 74
Net Nonoperating Obligations (NNO)		 3,157 3,156 3,155 3,155 3,155 3,155 3,155 3,155 3,155 - 3,154
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $6.92 ($14.58) ($8.22) $0.12 $2.49 $10.28 ($5.04) $1.03 $7.93 $1.83 ($13.82)
Adjusted Weighted Average Basic Shares Outstanding		 64.20M 62.88M 62.11M 60.76M 59.35M 58.06M 57.41M 57.15M 57.17M 57.18M 57.45M
Adjusted Diluted Earnings per Share		 $6.89 ($14.55) ($8.22) $0.12 $2.47 $10.27 ($5.04) $1.02 $7.89 $1.84 ($13.82)
Adjusted Weighted Average Diluted Shares Outstanding		 64.20M 62.88M 62.11M 60.76M 59.35M 58.06M 57.41M 57.15M 57.17M 57.18M 57.45M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 64.20M 62.88M 62.11M 60.76M 59.35M 58.06M 57.41M 57.15M 57.17M 57.18M 57.45M
Normalized Net Operating Profit after Tax (NOPAT)		 481 -822 -430 9.80 178 672 -248 85 481 - -690
Normalized NOPAT Margin		 41.11% -58.70% -580.81% 0.69% 8.82% 55.77% -10.37% 9.76% 26.49% - -45.20%
Pre Tax Income Margin		 50.43% -83.86% -829.73% 0.98% 9.32% 69.21% -14.81% 10.68% 32.21% - -64.57%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -190.74% -9.21% -9.26% -11.44% -8.54% 25.95% 16.50% 15.25% 10.49% - -170.00%
Augmented Payout Ratio		 -714.81% -31.80% -31.97% -39.46% -29.46% 89.57% 56.47% 49.03% 27.16% - -241.67%

Financials Breakdown Chart

Key Financial Trends

Brighthouse Financial’s first quarter 2026 results show a sharp earnings decline and continued balance sheet pressure, even though the company remains well-capitalized on paper. The quarter swung to a large loss, cash flow was negative, and equity remains thin relative to the size of the balance sheet. At the same time, the company still carries a sizable cash position and has reduced some debt over time.

  • Cash balance remains substantial. Brighthouse ended Q1 2026 with about $4.9 billion in cash and due from banks, which provides liquidity support in a capital-intensive insurance business.
  • Debt is relatively modest versus assets. Long-term debt was about $3.15 billion at Q1 2026, small compared with $236.8 billion in total assets.
  • Common equity improved sequentially. Total common equity rose to $5.56 billion in Q1 2026 from $5.24 billion in Q1 2025, helped by earnings momentum earlier in the cycle.
  • Q4 2025 showed profitability strength. The company generated $138 million of continuing net income in Q4 2025 and $112 million attributable to common shareholders, showing the business can still be profitable in favorable periods.
  • Operating cash flow was positive in several recent quarters before Q1 2026. Brighthouse generated positive operating cash flow in Q4 2025, Q3 2025, and Q1 2025, suggesting the business is not consistently burning cash.
  • Revenue is highly volatile from quarter to quarter. Total revenue swung from $2.39 billion in Q1 2025 to $1.53 billion in Q1 2026, reflecting the company’s sensitivity to investment gains and insurance-related items.
  • Investment-related gains are a major driver of results. Net realized and unrealized capital gains can materially boost or hurt earnings, making quarterly performance difficult to predict.
  • The balance sheet is dominated by investment securities and insurance liabilities. Trading account securities and separate account assets are very large, which is normal for an insurer but also means results are exposed to market movements.
  • Q1 2026 produced a large loss. Brighthouse reported a $764 million continuing net loss, or $13.82 per share, reversing the profit posted in Q4 2025.
  • Operating cash flow turned negative in Q1 2026. Net cash from operating activities was negative $221 million, a sharp deterioration from positive operating cash flow in prior quarters.
  • Book equity remains thin relative to assets. Total common equity of $5.56 billion against $236.8 billion in assets suggests a highly leveraged capital structure, which is typical for insurers but still leaves limited cushion.
  • Earnings have been extremely inconsistent over the last four years. The company has moved from quarterly losses in 2023 and early 2024, to stronger periods in late 2024 and 2025, and then back to a significant loss in Q1 2026.

Bottom line: Brighthouse Financial still has liquidity and a functioning capital base, but the latest quarter was weak. The big concern for investors is not just the Q1 2026 loss, but the combination of negative operating cash flow, volatile earnings, and a balance sheet that is highly sensitive to market and actuarial assumptions. Until results become more stable, the stock is likely to remain difficult to underwrite with confidence.

06/03/26 02:50 PM ETAI Generated. May Contain Errors.

Brighthouse Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Brighthouse Financial's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Brighthouse Financial's net income appears to be on an upward trend, with a most recent value of $438 million in 2025, falling from $1.12 billion in 2015. The previous period was $393 million in 2024.

Over the last 10 years, Brighthouse Financial's total revenue changed from $8.89 billion in 2015 to $6.77 billion in 2025, a change of -23.9%.

Brighthouse Financial's total liabilities were at $234.97 billion at the end of 2025, a 0.6% increase from 2024, and a 13.5% increase since 2016.

In the past 9 years, Brighthouse Financial's cash and equivalents has ranged from $1.86 billion in 2017 to $5.39 billion in 2025, and is currently $5.39 billion as of their latest financial filing in 2025.


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Financial statements for NASDAQ:BHFAP last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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