10x Insights
Loading account…
Companies / Financials / Brighthouse Financial, Inc.
BHF

Brighthouse Financial, Inc.

FinancialsLife Insurance
Ticker BHFCHARLOTTE, NCFiscal year ends DecemberBook value per share $113.34Diluted shares 57.8M

Brighthouse Financial, Inc. (NASDAQ: BHF) is one of the largest providers of annuity and life insurance products in the United States, serving over two million annuity contracts and insurance policies in force as of December 31, 2025. The company operates through multiple independent distribution channels and… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$6.77BFY2025
+43.2% year over year
Last 12 mo $6.65B
30.96%FY2025
−5.3 percentage points
Last 12 mo 32.73%
$438.00MFY2025
+11.5% year over year
6.40%FY2025
−1.4 percentage points
Last 12 mo 12.69%
Cash & financing
$259.00MFY2025
+189.3% year over year
Last 12 mo $-538.00M
$259.00MFY2025
+189.3% year over year
Last 12 mo $-538.00M
0.47FY2025
Was 0.64× a year earlier
Last 12 mo 0.48
57.9MFY2025
−5.9% year over year
Last 12 mo 57.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Brighthouse Financial, Inc. does

In the company’s own words

Brighthouse Financial, Inc. (NASDAQ: BHF) is one of the largest providers of annuity and life insurance products in the United States, serving over two million annuity contracts and insurance policies in force as of December 31, 2025. The company operates through multiple independent distribution channels and maintains relationships with a diverse network of distribution partners to deliver its products across the country. More information about the company is available at http://investor.brighthousefinancial.com.

The company operates through four reportable segments: Annuities, Life, Run-off, and Corporate & Other. The Annuities segment represents the largest business division and consists of variable annuities, fixed annuities, index-linked annuities, and income annuities designed to address contract holders' needs for protected wealth accumulation, wealth transfer, and income security. The segment's flagship product line is the Shield Annuity suite, which combines features of both variable and fixed annuities while providing market participation with downside protection. The Life segment offers term, universal, whole, and variable life insurance products designed to provide financial security and protected wealth transfer. The Run-off segment manages products no longer actively sold, including universal life with secondary guarantees, structured settlements, and pension risk transfer contracts. The Corporate & Other segment includes funding agreements and excess capital management.

As of December 31, 2025, Brighthouse Financial managed total assets under management of approximately $206.2 billion, consisting of $120.6 billion in general account investments and $85.5 billion in separate account assets. The Annuities segment held $152.7 billion in assets under management, while the Life segment held $15.8 billion. The company was separated from MetLife, Inc. on August 4, 2017, establishing itself as an independent, publicly-traded company focused on disciplined risk management and sustainable long-term shareholder value creation through its targeted product offerings and independent distribution strategy.

Company details
Sector
Financials
Industry (SIC)
Life Insurance
Headquarters
CHARLOTTE, NC
Fiscal year end
December
CIK
1685040
SIC
6311

Financial performance, year by year

Fiscal 2017–2025 · USD
$-2.11B$907.40M$3.93B$6.95B$9.97B201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Brighthouse Financial, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

271
funds hold it
1 of 35
superinvestors hold it
$1.24B
held by funds, at market
34.1%
of shares held by funds
7
bond issues held by funds

Superinvestors in Brighthouse Financial, Inc. · what they did last quarter

David EinhornUNCHANGED
DME Capital Management (Greenlight)
4.6%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Brighthouse Financial, Inc.’s weight in each

Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.50%of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.10%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.08%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Brighthouse Financial, Inc.’s bonds, as funds hold them

Funds report holding 7 issues of Brighthouse Financial, Inc.’s debt, $167.48M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.74%, maturing 2026 to 2051.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Brighthouse Financial, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Brighthouse Financial, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Brighthouse Financial, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.