What does direct reinsurance — market risk benefit assets mean?

Reflects the fair value of assets associated with market risk benefits embedded in direct reinsurance contracts. These assets represent the company's rights to receive economic benefits related to the performance of underlying market-linked indices or variables. Monitoring this balance is essential for assessing the company's exposure to market volatility within its reinsurance portfolio.

Brighthouse Financial BHF Direct Reinsurance — Market risk benefit assets

Similar metrics at other companies

METDirect Reinsurance — Market risk benefits, at estimated fair value

$2.38B-7.2%

METDirect Reinsurance — Reinsurance Assets

$29.37B+10.4%

LNCDirect market risk benefit (gain) loss

-$87.5M+87.6%

CRBGIndividual Retirement — Market Risk Benefit, Reinsurance Recoverable, after Allowance

$0—

METCeded Reinsurance — Market risk benefits, at estimated fair value

$0—

LNCReinsurance Ceded Of Market Risk Benefit Gain Loss

$5.5M+116%

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 direct reinsurance — market risk benefit assets?: Brighthouse Financial (BHF) reported direct reinsurance — market risk benefit assets of $1.05B in Q4 2025.
What does direct reinsurance — market risk benefit assets mean?: Reflects the fair value of assets associated with market risk benefits embedded in direct reinsurance contracts. These assets represent the company's rights to receive economic benefits related to the performance of underlying market-linked indices or variables. Monitoring this balance is essential for assessing the company's exposure to market volatility within its reinsurance portfolio.