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Brighthouse Financial BHF Accident & health insurance — Reinsurance Recoverables, Ceded

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METAccident & health insurance — Reinsurance assumed
$39.25M-18.2%
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METAccident & health insurance — Ceded Premiums Earned
$232.25M+10.5%
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ALLAccident and health insurance — Reinsurance and indemnification recoverables, net
$228M+430%
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METAccident & health insurance — Less: Reinsurance recoverables (Amount due to reinsurer)
$96M-27.3%
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KMPRAccident and Health Insurance — Ceded earned premiums
$3.2M+2.4%
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PRIAccident And Health Insurance — Ceded Premiums Written
$750

Other financials

Income statement

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Revenue$1.6B+86.2%
Net income$981.0M+1,054%
EPS (diluted)$16.53+1,521%

Balance sheet

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Cash & equivalents$7.1B+28.2%
Total debt$3.2B0.0%
Total equity$6.6B+15.5%
Total assets$247.18B+1.9%

Cash flow

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Operating cash flow-$431.0M

Valuation

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Market cap$3.57B+31.0%
Enterprise value-$379.6M-211%
P/E4.3×+0.2×
P/S0.5×+0.1×

Profitability

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Net margin12.5%+2.2pp

Returns & leverage

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Return on equity13.6%+0.1pp
Debt / equity0.5×-0.1×

Where this comes from

Reported directly by Brighthouse Financial in its filing.

Tagged under the XBRL concept bhf:ReinsuranceRecoverablesCeded.

The source filing: Brighthouse Financial’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 5:13 PM EST
Fiscal year
FY2025
Accession
0001685040-26-000011

The Company reinsures, through 100% quota share reinsurance agreements, certain run-off long-term care and workers’ compensation business written by the Company. At December 31, 2025, the Company had $5.5 billion of reinsurance recoverables associated with its reinsured long-term care business. The reinsurer has established trust accounts for the Company’s benefit to secure their obligations under the reinsurance agreements. Additionally, the Company is indemnified for losses and certain other payment obligations it might incur with respect to such reinsured long-term care insurance business.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Brighthouse Financial's accident & health insurance — reinsurance recoverables, ceded?
Brighthouse Financial (BHF) reported accident & health insurance — reinsurance recoverables, ceded of $5.5B in Q4 2025.
How has Brighthouse Financial's accident & health insurance — reinsurance recoverables, ceded changed year-over-year?
Brighthouse Financial's accident & health insurance — reinsurance recoverables, ceded increased by 1.9% year-over-year, from $5.4B to $5.5B.
What does accident & health insurance — reinsurance recoverables, ceded mean?
This metric measures the total balance of reinsurance recoverables associated with ceded insurance contracts in the accident and health segment. It represents the amount the company expects to collect from reinsurers for claims paid or reserves established on policies where risk has been transferred. This is a critical liquidity and credit risk metric reflecting the company's reliance on third-party reinsurance partners.

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