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Brighthouse Financial BHF Index-linked Annuities — Deferred Policy Acquisition Cost

Other product segments

Variable Annuities
$2.07B
Fixed Rate Annuities
$116M

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$2.28B+16.5%
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$3.26B+31.4%
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F&G Annuities & Life logo
FGIndexed annuities — Deferred Policy Acquisition Cost, Capitalization
$126M0.0%
Lincoln National logo
LNCVariable Annuities — Deferred Policy Acquisition Cost
$4.04B+3.9%
Fidelity National Financial logo
FNFIndexed annuities — Deferred Policy Acquisition Cost
$2.28B+16.5%

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:DeferredPolicyAcquisitionCosts.

The official record: Brighthouse Financial’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Brighthouse Financial's index-linked annuities — deferred policy acquisition cost?
Brighthouse Financial (BHF) reported index-linked annuities — deferred policy acquisition cost of $1.6B in Q1 2026.
How has Brighthouse Financial's index-linked annuities — deferred policy acquisition cost changed year-over-year?
Brighthouse Financial's index-linked annuities — deferred policy acquisition cost increased by 7.2% year-over-year, from $1.49B to $1.6B.
What is the long-term trend for Brighthouse Financial's index-linked annuities — deferred policy acquisition cost?
Over 3 years (2022 to 2025), Brighthouse Financial's index-linked annuities — deferred policy acquisition cost has grown at a 9.6% compound annual growth rate (CAGR), from $4.67B to $6.15B.
What does index-linked annuities — deferred policy acquisition cost mean?
This metric represents the capitalized costs directly associated with acquiring new annuity contracts, such as sales commissions and underwriting expenses, which are deferred and amortized over the life of the policy. It reflects the upfront investment made by the company to generate future revenue streams. Tracking this asset helps investors understand the long-term profitability and efficiency of the company's distribution channels.