BHF financial statements
The full income statement, balance sheet, and cash-flow statement for Brighthouse Financial Inc. (BHF), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 6.77B+43.2% | 4.72B+14.7% | 4.12B-40.1% | 6.87B+38.1% | 4.98B-41.5% | |
| Total operating expenses | 1.96B+0.6% | 1.95B-1.6% | 1.98B-5.2% | 2.08B-14.9% | 2.45B+4.1% | |
| Interest expense | 152M+0.0% | 152M-0.7% | 153M+0.0% | 153M-6.1% | 163M-11.4% | |
| Pre-tax income | 474M+12.3% | 422M+128.6% | -1.47B-131.1% | 4.73B+135.5% | 2.01B+241.6% | |
| Income tax | 36.0M+24.1% | 29.0M+107.9% | -367M-143.3% | 848M+134.9% | 361M+199.4% | |
| 433M+11.6% | 388M+134.9% | -1.11B-128.7% | 3.88B+136.1% | 1.64B+254.9% | ||
| Net income to non-controlling interest | 5.00M+0.0% | 5.00M+0.0% | 5.00M+0.0% | 5.00M+0.0% | 5.00M+0.0% | |
| Net income to common | 331M+15.7% | 286M+123.6% | -1.21B-132.2% | 3.77B+142.9% | 1.55B+240.6% | |
| $5.71+23.1% | $4.64+125.2% | -$18.39-135.8% | $51.30+179.0% | $18.39+258.8% | ||
| EPS (basic) | $5.75+23.1% | $4.67+125.4% | -$18.39-135.5% | $51.73+179.0% | $18.54+260.1% | |
| Weighted-avg shares (basic) | 57.5M-6.0% | 61.2M-7.3% | 66.0M-9.5% | 73.0M-12.9% | 83.8M-12.1% | |
| Weighted-avg shares (diluted) | 57.9M-5.9% | 61.6M-6.7% | 66.0M-10.3% | 73.6M-12.9% | 84.5M-11.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 5.39B+6.8% | 5.04B+31.0% | 3.85B-6.4% | 4.12B-8.0% | 4.47B+8.9% | |
| Short-term investments | 1.20B-35.9% | 1.87B+59.8% | 1.17B+8.1% | 1.08B-41.3% | 1.84B-43.2% | |
| 242B+1.4% | 239B+0.9% | 236B+5.1% | 225B-14.3% | 262B+5.8% | ||
| Deferred tax assets | 1.44B-23.1% | 1.88B-1.0% | 1.89B+9.0% | 1.74B | 0.00 | |
| 235B+0.6% | 234B+0.9% | 231B+5.5% | 219B-13.6% | 254B+10.5% | ||
| Long-term debt | 3.15B+0.0% | 3.15B-0.0% | 3.16B+0.0% | 3.16B-0.0% | 3.16B-8.1% | |
| Deferred tax liabilities | — | — | — | 0.00-100.0% | 1.06B-34.4% | |
| 6.77B+36.5% | 4.96B+0.3% | 4.94B-10.7% | 5.53B-65.7% | 16.1B-10.4% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | |
| Additional paid-in capital | 13.9B-0.4% | 13.9B-0.5% | 14.0B-0.5% | 14.1B-0.6% | 14.2B+2.0% | |
| Retained earnings | -686M+38.7% | -1.12B+25.7% | -1.51B-281.5% | -395M+90.8% | -4.27B-700.4% | |
| Treasury stock | 2.69B+4.5% | 2.57B+11.4% | 2.31B+13.1% | 2.04B+32.3% | 1.54B+48.7% | |
| Accumulated other comprehensive income | -3.73B+29.3% | -5.28B-0.6% | -5.25B+14.1% | -6.11B-13091.5% | 47.0M-99.2% | |
| Non-controlling interest | 65.0M+0.0% | 65.0M+0.0% | 65.0M+0.0% | 65.0M+0.0% | 65.0M+0.0% | |
| Total equity incl. non-controlling | 6.83B+36.0% | 5.02B+0.3% | 5.01B-10.5% | 5.60B-33.8% | 8.45B-53.3% | |
| Total liabilities & equity | 242B+1.4% | 239B+0.9% | 236B+5.1% | 225B-14.3% | 262B+5.8% | |
| Common shares issued | 124M+0.5% | 123M+0.5% | 123M+0.5% | 122M+0.5% | 122M+0.4% | |
| Common shares outstanding | 57.2M-2.5% | 58.6M-7.7% | 63.5M-7.0% | 68.3M-12.3% | 77.9M-11.7% | |
| Shares outstanding (cover) | 57.2M-1.5% | 58.1M-7.7% | 62.9M-7.1% | 67.7M-11.7% | 76.6M-12.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 259M+189.3% | -290M-111.7% | -137M+88.8% | -1.23B-291.6% | 641M-27.8% | ||
| Other operating activities | 49.0M+63.3% | 30.0M-23.1% | 39.0M+21.9% | 32.0M-70.4% | 108M+44.0% | |
| 751M+134.2% | -2.19B+31.4% | -3.20B+61.4% | -8.28B+32.4% | -12.2B-109.4% | ||
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 0.00-100.0% | 4.00M | 0.00 | 0.00 | — | |
| -668M-118.2% | 3.68B+19.8% | 3.07B-66.4% | 9.14B-23.6% | 12.0B+93.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 400M-35.0% | |
| Long-term debt repaid | 2.00M+0.0% | 2.00M+0.0% | 2.00M-33.3% | 3.00M-99.6% | 680M-56.2% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 102M-59.2% | 250M+0.0% | 250M-48.8% | 488M-2.2% | 499M+5.5% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -17.0M+0.0% | -17.0M+10.5% | -19.0M-18.8% | -16.0M+81.4% | -86.0M-87.0% | |
| Interest paid | 151M+0.0% | 151M+0.0% | 151M-0.7% | 152M-5.0% | 160M-14.0% | |
| Income taxes paid | 12.0M-7.7% | 13.0M+85.7% | 7.00M-84.1% | 44.0M-57.3% | 103M+203.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.70B+32.8% | 2.79B-17.9% | 3.40B-4.1% | 3.54B-10.7% | 3.97B+25.5% | |
| P/E | 8.6×+19.0% | 7.2× | — | 0.6×-73.6% | 2.4× | |
| P/S | 0.5×-7.3% | 0.6×-55.0% | 1.3×+153.5% | 0.5×-35.1% | 0.8×+114.4% | |
| P/B | 0.5×-2.7% | 0.6×-32.6% | 0.8×+37.0% | 0.6×+147.9% | 0.2×+40.1% | |
| Earnings yield | 11.7%-16.0% | 13.9% | — | 156.8%+278.8% | 41.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: BHF’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BHF filings on SEC EDGAR → Not investment advice.