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
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Index to Management’s Discussion and Analysis of Financial Condition and Results of Operations
| Page | |
|---|---|
| Introduction | 66 |
| Executive Summary | 67 |
| Risk Management Strategies | 68 |
| Industry Trends and Uncertainties | 69 |
| Summary of Critical Accounting Estimates | 70 |
| Non-GAAP Financial Disclosures | 73 |
| Results of Operations | 75 |
| Investments | 86 |
| Derivatives | 94 |
| Policyholder Liabilities | 95 |
| Liquidity and Capital Resources | 97 |
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