
	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(In millions, except share and per share data)
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders	$	956	$	60	$	164	$	(234)

Weighted average common shares outstanding — basic	57,539,819		57,411,289		57,436,222		57,832,368
Dilutive effect of share-based awards	300,534		322,881		352,194		—
Weighted average common shares outstanding — diluted	57,840,353		57,734,170		57,788,416		57,832,368

Earnings per common share:
Basic	$	16.62	$	1.03	$	2.85	$	(4.06)
Diluted	$	16.53	$	1.02	$	2.84	$	(4.06)

The dilutive effect of share-based awards is calculated using the treasury stock method, which assumes that the proceeds from the exercise of these instruments are used to repurchase shares of common stock at the average market price during the period. See Note 12 of the Notes to the Consolidated Financial Statements included in the 2025 Annual Report for further information on share-based compensation plans.

For the six months ended June 30, 2025, basic loss per common share equaled diluted loss per common share. Dilutive shares and diluted earnings per share are not applicable when a net loss is reported.