Brighthouse Financial Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	967	388	-1,112	3,879	1,643	-1,061
Gain (Loss) on Sale of Investments	-66	-66	-50	15	-195	-538
Change in Accounts Receivable	-1,451	-1,451	-1,280	-1,374	495	-1,346
Change in Income Taxes	30	30	-371	796	255	-243
Change in Insurance Reserves / Liabilities	-281	-281	51	-1,960	-338	3,395
Change in Other Net Operating Assets	1,469	1,469	1,012	1,327	1,415	2,244
Other Operating Activities	-727	-582	1,319	-4,226	-1,789	-1,867
Operating Cash Flow	144	-290	-137	-1,228	641	888
Operating Cash Flow Growth	-	-	-	-	-27.82%	-51.42%
Investment in Securities	2,130	-875	-3,105	-4,845	-7,600	-7,572
Other Investing Activities	-291	227	-461	-171	-652	1,869
Investing Cash Flow	1,690	-2,194	-3,196	-8,276	-12,238	-5,843
Long-Term Debt Issued	-	-	-	-	400	615
Total Debt Repaid	-2	-2	-2	-3	-680	-1,552
Net Debt Issued (Repaid)	-2	-2	-2	-3	-280	-937
Repurchases of Common Stock	-162	-250	-250	-488	-499	-473
Issuance of Preferred Stock	-	-	-	-	339	948
Preferred Dividends Paid	-102	-102	-102	-104	-89	-44
Total Dividends Paid	-102	-102	-102	-104	-89	-44
Other Financing Activities	-316	-	-819	-1,910	563	-133
Financing Cash Flow	-858	3,678	3,069	9,145	11,963	6,186
Net Cash Flow	976	1,194	-264	-359	366	1,231
Cash Income Tax Paid	15	13	7	44	103	-100
Levered Free Cash Flow	578.75	2,002	3,271	15,221	4,096	-1,410
Unlevered Free Cash Flow	1,726	3,150	3,605	17,811	4,195	-1,298
Change in Working Capital	-71	-71	-377	-1,006	1,969	4,408

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.