What does ULSG — changes related to embedded derivatives mean?

This metric tracks the impact of changes in the fair value of embedded derivatives within insurance contracts. These derivatives are often linked to market performance or interest rate guarantees, making this metric highly sensitive to financial market volatility. It is a key indicator of the company's exposure to market risk and the effectiveness of its hedging strategies.

Brighthouse Financial BHF ULSG — Changes related to embedded derivatives

Other product segments

Index-linked Annuities

-$1.18B—

Company-Owned Life Insurance

$0—

Fixed Rate Annuities

$0—

Variable Annuities

$0—

Similar metrics at other companies

LNCUL and Other — Change in fair value of embedded derivative instrument and other

-$27M+58.5%

LNCUL and Other — Change in market performance

-68,100,000,000%+6,846,031,746pp

FGUniversal life — Change in fair value of other derivatives and embedded derivatives

$92M+220%

PFGUniversal Life — Embedded Derivative Gain Loss On Embedded Derivative Net

-$6.5M-250%

FNFUniversal Life — Change in fair value of other derivatives and embedded derivatives

$92M+220%

CRBGEmbedded derivatives gain (loss)

-$649M-192%

Other financials

Income statement

See full

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:PolicyholderAccountBalanceIncreaseDecreaseFromOtherChange.

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 ULSG — changes related to embedded derivatives?: Brighthouse Financial (BHF) reported ULSG — changes related to embedded derivatives of $0 in Q1 2026.
What does ULSG — changes related to embedded derivatives mean?: This metric tracks the impact of changes in the fair value of embedded derivatives within insurance contracts. These derivatives are often linked to market performance or interest rate guarantees, making this metric highly sensitive to financial market volatility. It is a key indicator of the company's exposure to market risk and the effectiveness of its hedging strategies.