v3.26.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Premiums $ 165 $ 166 $ 333 $ 352
Universal life and investment-type product policy fees 570 553 1,103 1,096
Net investment income 1,241 1,285 2,499 2,582
Other revenues 129 143 258 279
Net investment gains (losses) (6) (39) (58) (122)
Net derivative gains (losses) (477) (1,237) (986) (926)
Total revenues 1,622 871 3,149 3,261
Expenses        
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0, $0, $0 and $0, respectively) 591 711 1,228 1,360
Interest credited to policyholder account balances 531 537 1,024 1,098
Amortization of deferred policy acquisition costs and value of business acquired 157 149 315 297
Change in market risk benefits (1,370) (1,101) (622) (208)
Other expenses 487 482 964 975
Total expenses 396 778 2,909 3,522
Income (loss) before provision for income tax 1,226 93 240 (261)
Provision for income tax expense (benefit) 245 8 23 (80)
Net income (loss) 981 85 217 (181)
Net income (loss) attributable to noncontrolling interests 0 0 2 2
Net income (loss) attributable to Brighthouse Financial, Inc. 981 85 215 (183)
Preferred stock dividends 25 25 51 51
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders 956 60 164 (234)
Comprehensive income (loss) 1,011 498 (180) 840
Less: Comprehensive income (loss) attributable to noncontrolling interests 0 0 2 2
Comprehensive income (loss) attributable to Brighthouse Financial, Inc. $ 1,011 $ 498 $ (182) $ 838
Earnings per common share        
Basic $ 16.62 $ 1.03 $ 2.85 $ (4.06)
Diluted $ 16.53 $ 1.02 $ 2.84 $ (4.06)