What does ceded reinsurance — market risk benefit assets mean?

This represents the asset value associated with market risk benefits that have been ceded to reinsurers. It captures the financial protection obtained from third parties to mitigate volatility related to market-sensitive insurance product features, such as variable annuity guarantees.

Brighthouse Financial BHF Ceded Reinsurance — Market risk benefit assets

Similar metrics at other companies

METCeded Reinsurance — Market risk benefits, at estimated fair value

$0—

LNCReinsurance Ceded Of Market Risk Benefit Gain Loss

$5.5M+116%

JXNAnnuity guaranteed benefits — Ceded

$2.25M-10.0%

PRUVariable Annuity — Ceded

$124M-17.3%

METCeded Reinsurance — Policyholder account balances

$0—

UNMLife Insurance — Reinsurance Ceded

$36.88M-7.2%

Other financials

Income statement

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Revenue$1.5B-36.1%

Net income-$766.0M-186%

EPS (diluted)-$13.82-174%

Balance sheet

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Cash & equivalents$4.9B+5.1%

Total debt$3.2B0.0%

Total equity$5.6B+6.2%

Total assets$236.80B+0.9%

Cash flow

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Operating cash flow-$221.0M-251%

Valuation

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Market cap$3.65B+1.7%

Profitability

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Net margin-1.1%-9.8pp

Returns & leverage

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Return on equity-1.2%-14.2pp

Debt / equity0.6×0.0×

Where this comes from

Reported directly by Brighthouse Financial in its filing.

Tagged under the XBRL concept us-gaap:MarketRiskBenefitAssetAmount.

The official record: Brighthouse Financial’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Brighthouse Financial's ceded reinsurance — market risk benefit assets?: Brighthouse Financial (BHF) reported ceded reinsurance — market risk benefit assets of $8M in Q4 2025.
What does ceded reinsurance — market risk benefit assets mean?: This represents the asset value associated with market risk benefits that have been ceded to reinsurers. It captures the financial protection obtained from third parties to mitigate volatility related to market-sensitive insurance product features, such as variable annuity guarantees.