BHF · Brighthouse Financial, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.53B | - | $1.82B | $871.00M | $2.39B | - | $2.02B | $1.43B | $74.00M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $477.00M | - | $480.00M | $482.00M | $493.00M | - | $492.00M | $468.00M | $507.00M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | ($986.00M) | - | $585.00M | $93.00M | ($354.00M) | - | $188.00M | $14.00M | ($614.00M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($222.00M) | - | $104.00M | $8.00M | ($88.00M) | - | $10.00M | ($20.00M) | ($123.00M) | - |
| Net Income | ($766.00M) | - | $479.00M | $85.00M | ($268.00M) | - | $176.00M | $34.00M | ($493.00M) | - |
| EPS - Basic | ($13.82) | - | $7.93 | $1.03 | ($5.04) | - | $2.49 | $0.12 | ($8.22) | - |
| EPS - Diluted | ($13.82) | - | $7.89 | $1.02 | ($5.04) | - | $2.47 | $0.12 | ($8.22) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.91B | $5.39B | $6.61B | $5.54B | $4.67B | $5.04B | $5.63B | $4.44B | $3.82B | $3.85B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $236.80B | $241.80B | $244.68B | $242.65B | $234.68B | $238.54B | $245.16B | $237.44B | $239.69B | $236.34B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $3.15B | $3.15B | $3.15B | $3.15B | $3.15B | $3.15B | $3.15B | $3.15B | $3.15B | $3.16B |
| Total Liabilities | $231.18B | $234.97B | $238.25B | $236.91B | $229.38B | $233.51B | $239.57B | $233.23B | $235.43B | $231.33B |
| Stockholders' Equity | $5.56B | $6.77B | $6.36B | $5.67B | $5.24B | $4.96B | $5.53B | $4.14B | $4.20B | $4.94B |
| Retained Earnings | ($1.45B) | ($686.00M) | ($823.00M) | ($1.30B) | ($1.39B) | ($1.12B) | ($1.79B) | ($1.97B) | ($2.00B) | ($1.51B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($221.00M) | - | - | - | $146.00M | - | - | - | ($530.00M) | - |
| Investing Cash Flow | ($485.00M) | - | - | - | $563.00M | - | - | - | ($625.00M) | - |
| Financing Cash Flow | $226.00M | - | - | - | ($1.09B) | - | - | - | $1.13B | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -64.6% | - | 32.2% | 10.7% | -14.8% | - | 9.3% | 1.0% | -829.7% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | -50.2% | - | 26.4% | 9.8% | -11.2% | - | 8.7% | 2.4% | -666.2% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | 17.8% | 8.6% | - | - | 5.4% | -142.9% | - | - |
| Return on assets | -0.3% | - | 0.2% | 0.0% | -0.1% | - | 0.1% | 0.0% | -0.2% | - |
| Return on equity | -13.8% | - | 7.5% | 1.5% | -5.1% | - | 3.2% | 0.8% | -11.8% | - |
| Return on invested capital | -8.9% | - | 5.0% | 1.0% | -3.3% | - | 2.0% | 0.2% | -6.6% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.57 | 0.47 | 0.50 | 0.56 | 0.60 | 0.64 | 0.57 | 0.76 | 0.75 | 0.64 |
| Debt / Assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 42.57 | 35.73 | 38.45 | 42.77 | 44.79 | 48.10 | 44.37 | 57.34 | 57.14 | 47.81 |
| Liabilities / Assets | 0.98 | 0.97 | 0.97 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.01 | 0.00 | 0.01 | - | 0.01 | 0.01 | 0.00 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 6.7x | 52.7x | - | - | 18.2x | 361.2x | - | - |
| P / B | 0.6x | - | 0.5x | 0.5x | 0.6x | - | 0.5x | 0.7x | 0.8x | - |
| P / S | 2.2x | - | 1.7x | 3.6x | 1.4x | - | 1.4x | 1.9x | 43.9x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -36.1% | - | -10.0% | -39.0% | 3129.7% | - | 72.5% | 442.6% | -94.2% | - |
| Revenue CAGR (3y) | 5.9% | - | 7.0% | -38.8% | -4.5% | - | -7.0% | -5.2% | -57.1% | - |
| Revenue CAGR (5y) | 10.2% | - | 42.5% | - | -23.3% | - | -8.7% | -9.6% | -36.0% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -178.5% | - | 211.2% | 564.3% | 42.3% | - | -68.1% | - | 6.0% | - |
| Net income growth (YoY) | -185.8% | - | 172.2% | 150.0% | 45.6% | - | -63.3% | - | 1.2% | - |
| EPS growth (YoY) | -174.2% | - | 219.4% | 750.0% | 38.7% | - | -64.2% | - | -6.5% | - |
| EPS CAGR (3y) | - | - | - | -56.9% | - | - | -17.1% | 2.9% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | -16.4% | -48.4% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 6.2% | 36.5% | 15.2% | 37.0% | 24.9% | 0.3% | 35.8% | -15.6% | -27.1% | -17.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$6.77B totalAnnuities$3.64B · 53.8%
Runoff$1.27B · 18.8%
Life$1.15B · 17.0%
Corporate And Other$705.00M · 10.4%
Peer comparison
Same SIC group: Life Insurance
Comparing Brighthouse Financial against the 5 most active filers in the same SIC group.