v3.26.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Premiums $ 168 $ 186
Universal life and investment-type product policy fees 533 543
Net investment income 1,258 1,297
Other revenues 129 136
Net investment gains (losses) (52) (83)
Net derivative gains (losses) (509) 311
Total revenues 1,527 2,390
Expenses    
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0 and $0, respectively) 637 649
Interest credited to policyholder account balances 493 561
Amortization of deferred policy acquisition costs and value of business acquired 158 148
Change in market risk benefits 748 893
Other expenses 477 493
Total expenses 2,513 2,744
Income (loss) before provision for income tax (986) (354)
Provision for income tax expense (benefit) (222) (88)
Net income (loss) (764) (266)
Net income (loss) attributable to noncontrolling interests 2 2
Net income (loss) attributable to Brighthouse Financial, Inc. (766) (268)
Preferred stock dividends 26 26
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders (792) (294)
Comprehensive income (loss) (1,191) 342
Less: Comprehensive income (loss) attributable to noncontrolling interests 2 2
Comprehensive income (loss) attributable to Brighthouse Financial, Inc. $ (1,193) $ 340
Earnings per common share    
Basic $ (13.82) $ (5.04)
Diluted $ (13.82) $ (5.04)