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Brighthouse Financial BHF Variable Annuities — Effect of actual different from expected experience

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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:MarketRiskBenefitIncreaseDecreaseFromActualPolicyholderBehaviorDifferentFromExpected.

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 variable annuities — effect of actual different from expected experience?
Brighthouse Financial (BHF) reported variable annuities — effect of actual different from expected experience of $115M in Q1 2026.
How has Brighthouse Financial's variable annuities — effect of actual different from expected experience changed year-over-year?
Brighthouse Financial's variable annuities — effect of actual different from expected experience increased by 705.3% year-over-year, from -$19M to $115M.
What is the long-term trend for Brighthouse Financial's variable annuities — effect of actual different from expected experience?
Over 2 years (2021 to 2025), Brighthouse Financial's variable annuities — effect of actual different from expected experience has grown at a 33.8% compound annual growth rate (CAGR), from -$86M to $154M.
What does variable annuities — effect of actual different from expected experience mean?
This metric quantifies the financial impact of variances between actual policyholder behavior and the actuarial assumptions used to price and reserve for variable annuity products. It highlights the sensitivity of the company's liabilities to deviations in lapse rates, withdrawal patterns, or mortality compared to original projections.