Brighthouse Financial, Inc. (BHF)

Brighthouse Financial Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	6,837	6,948	6,295	4,474	10,739	4,935
Revenue Growth	-14.91%	10.37%	40.70%	-58.34%	117.61%	-41.93%
Operating Income Operating Income Growth	1,310	808	2,145	-964	8,751	2,131
Net Income Net Income Growth	729	331	286	-1,214	3,775	1,554
Earnings Per Share EPS Growth	12.60	5.71	4.64	-18.39	51.30	18.39
EPS Growth	32.98%	23.06%	-	-	178.96%	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Premiums Premiums Growth	676	695	770	828	662	707
Universal Life and Investment-Type Product Policy Fees Universal Life and Investment-Type Product Policy Fees Growth	2,168	2,161	2,116	2,295	2,435	2,980
Net Investment Income Net Investment Income Growth	5,161	5,244	5,222	4,664	4,138	4,881
Other Product Other Product Growth	534	555	579	483	478	450
Net Investment Gains Net Investment Gains Growth	-33	-97	-295	-246	-248	-59
Net Derivative Gains Net Derivative Gains Growth	-1,852	-1,792	-3,668	-3,907	-592	-3,983
Revenue (Total) Revenue (Total) Growth	6,654	6,766	4,724	4,117	6,873	4,976

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	7,105	5,387	5,045	3,851	4,115	4,474
Total Debt Total Debt Growth	11,800	9,942	9,781	9,035	10,518	9,556
Net Cash (Debt) Net Cash Growth	-4,695	-4,555	-4,736	-5,184	-6,403	-5,082
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-81.06	-78.62	-76.88	-78.53	-87.02	-60.17

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	-538	259	-290	-137	-1,228	641
Free Cash Flow Free Cash Flow Growth	-538	259	-290	-137	-1,228	641
Free Cash Flow Growth	-	-	-	-	-	-27.82%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	19.16%	11.63%	34.08%	-21.55%	81.49%	43.18%
Pretax Margin	14.26%	6.82%	6.70%	-32.95%	44.06%	40.71%
Profit Margin	10.66%	4.76%	4.54%	-27.13%	35.15%	31.49%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 20, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	3.96	11.19	9.97	-	0.94	2.66
Forward PE	2.47	3.12	2.46	3.10	3.77	3.78
PS Ratio	0.42	0.53	0.45	0.76	0.33	0.84

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Sep 20, 2026

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