Brighthouse Financial, Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
View on SEC.govAbout 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$42.60+3.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Financial Statements and Supplementary Data
Index to Consolidated Financial Statements, Notes and Schedules
| Page | |
|---|---|
| Report of Independent Registered Public Accounting Firm | 111 |
| Financial Statements at December 31, 2025 and 2024 and for the Years Ended December 31, 2025, 2024 and 2023: | |
| Consolidated Balance Sheets | 114 |
| Consolidated Statements of Operations | 115 |
| Consolidated Statements of Comprehensive Income (Loss) | 116 |
| Consolidated Statements of Equity | 117 |
| Consolidated Statements of Cash Flows | 118 |
| Notes to the Consolidated Financial Statements | |
| Note 1 — Business, Basis of Presentation and Summary of Significant Accounting Policies | 120 |
| Note 2 — Segment Information | 129 |
| Note 3 — Insurance Liabilities | 135 |
| Note 4 — Market Risk Benefits | 141 |
| Note 5 — Separate Accounts | 142 |
| Note 6 — Deferred Policy Acquisition Costs, Value of Business Acquired and Other Intangibles | 144 |
| Note 7 — Reinsurance | 145 |
| Note 8 — Investments | 148 |
| Note 9 — Derivatives | 160 |
| Note 10 — Fair Value | 166 |
| Note 11 — Long-term Debt | 176 |
| Note 12 — Equity | 177 |
| Note 13 — Other Revenues and Other Expenses | 187 |
| Note 14 — Employee Benefit Plans | 188 |
| Note 15 — Income Tax | 188 |
| Note 16 — Earnings Per Common Share | 193 |
| Note 17 — Contingencies, Commitments and Guarantees | 193 |
| Note 18 — Subsequent Event | 197 |
| Financial Statement Schedules at December 31, 2025 and 2024 and for the Years Ended December 31, 2025, 2024 and 2023: | |
| Schedule I — Consolidated Summary of Investments — Other Than Investments in Related Parties | 198 |
| Schedule II — Condensed Financial Information (Parent Company Only) | 199 |
| Schedule III — Consolidated Supplementary Insurance Information | 204 |
| Schedule IV — Consolidated Reinsurance | 206 |
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