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Brighthouse Financial BHF Run-off — Policyholder account balances

Other segment segments

Annuities
$70.1B+3.4%
Corporate Segment and Other Operating Segment
$9.48B-13.7%
Life
$2.87B+0.3%

Similar metrics at other companies

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METMIM — Policyholder account balances
$0
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METRIS — Policyholder account balances
$93.55B+10.2%
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METAsia — Policyholder account balances
$104.24B+9.8%
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METEMEA — Policyholder account balances
$8.06B+11.7%
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METLatin America — Policyholder account balances
$6.53B+18.4%
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METGroup Benefits — Policyholder account balances
$11.01B+44.2%

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 us-gaap:PolicyholderContractDeposits.

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
SegmentDACand VOBAFuture Policy Benefits and Other Policy-Related BalancesPolicyholder Account BalancesUnearned Premiums (1) (2)Unearned Revenue (1)
2025
Annuities$3,952$4,290$70,103$54
Life6126,7512,86710361
Run-off318,8995,504793
Corporate & Other5,9789,4785
Total$4,567$35,918$87,952$15$1,208
2024
Annuities$4,027$4,040$67,777$60

Item 8. Financial Statements and Supplementary Data

FAQ

What is Brighthouse Financial's run-off — policyholder account balances?
Brighthouse Financial (BHF) reported run-off — policyholder account balances of $5.5B in Q4 2025.
How has Brighthouse Financial's run-off — policyholder account balances changed year-over-year?
Brighthouse Financial's run-off — policyholder account balances decreased by 13.7% year-over-year, from $6.38B to $5.5B.
What does run-off — policyholder account balances mean?
This represents the total liability for funds held on behalf of policyholders within a closed-block segment, typically related to investment-type products. It reflects the amount the company is obligated to pay out to policyholders based on their account values and contractual terms.

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