Brighthouse Financial, Inc.

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 24, 2026

BHF$43.99+3.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations

(In millions, except per share data)

	2025	2024	2023
Revenues
Premiums	$695	$770	$828
Universal life and investment-type product policy fees	2,161	2,116	2,295
Net investment income	5,244	5,222	4,664
Other revenues	555	579	483
Net investment gains (losses)	(97)	(295)	(246)
Net derivative gains (losses)	(1,792)	(3,668)	(3,907)
Total revenues	6,766	4,724	4,117
Expenses
Policyholder benefits and claims (including liability remeasurement gains (losses) of ($273), ($978), ($234), respectively)	1,805	2,294	2,676
Interest credited to policyholder account balances	2,188	2,136	1,825
Amortization of deferred policy acquisition costs and value of business acquired	609	599	620
Change in market risk benefits	(268)	(2,673)	(1,507)
Other expenses	1,958	1,946	1,977
Total expenses	6,292	4,302	5,591
Income (loss) before provision for income tax	474	422	(1,474)
Provision for income tax expense (benefit)	36	29	(367)
Net income (loss)	438	393	(1,107)
Less: Net income (loss) attributable to noncontrolling interests	5	5	5
Net income (loss) attributable to Brighthouse Financial, Inc.	433	388	(1,112)
Less: Preferred stock dividends	102	102	102
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders	$331	$286	$(1,214)

Earnings per common share
Basic	$5.75	$4.67	$(18.39)
Diluted	$5.71	$4.64	$(18.39)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.