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Brighthouse Financial BHF Universal Life Insurance — Policyholder Account Balance

Other product segments

Index-linked Annuities
$50.24B
Fixed Rate Annuities
$14.62B
ULSG
$4.62B
Variable Annuities
$3.63B
Company-Owned Life Insurance
$645M

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$11.11B-0.9%
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$150.29B+5.9%
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RGAInsurance, Other — Policyholder Account Balance
$35.4B+64.9%
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KKRInterest Sensitive Life — Policyholder Account Balance
$20.97B-4.0%

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:PolicyholderFunds.

The source filing: Brighthouse Financial’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:12 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001685040-26-000028
Six Months Ended June 30, 2026Universal Life InsuranceVariable Annuities (1)Index-linked AnnuitiesFixed Rate AnnuitiesULSGCompany-Owned Life Insurance (1)
Interest credited50463912667315
Policy charges(103)(10)(23)(474)(5)
Changes related to embedded derivatives22,523
Balance, end of period$2,653$3,228$54,791$12,769$4,321$649
Weighted-average crediting rate (2)1.90%1.39%0.95%2.05%1.66%2.32%
Six Months Ended June 30, 2025
Balance, beginning of period$2,590$3,833$48,605$14,665$4,779$1,166
Premiums and deposits130264,001520313

Item 1. Financial Statements

FAQ

What is Brighthouse Financial's universal life insurance — policyholder account balance?
Brighthouse Financial (BHF) reported universal life insurance — policyholder account balance of $2.65B in Q2 2026.
How has Brighthouse Financial's universal life insurance — policyholder account balance changed year-over-year?
Brighthouse Financial's universal life insurance — policyholder account balance increased by 1.8% year-over-year, from $2.61B to $2.65B.
What is the long-term trend for Brighthouse Financial's universal life insurance — policyholder account balance?
Over 3 years (2022 to 2025), Brighthouse Financial's universal life insurance — policyholder account balance has grown at a -0.7% compound annual growth rate (CAGR), from $10.67B to $10.44B.
What does universal life insurance — policyholder account balance mean?
This metric represents the total liability held by the insurer for universal life insurance policyholder account values. It reflects the accumulated premiums, interest credited, and policy charges associated with these contracts, serving as a key indicator of the scale of the insurance segment's obligations.

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