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Brighthouse Financial BHF Variable Annuities — Policyholder Account Balance, Surrender and Withdrawal

Other product segments

Index-linked Annuities
$1.93B
Fixed Rate Annuities
$366M
ULSG
$7M
Company-Owned Life Insurance
$0

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APOIndexed Annuities — Policyholder Account Balance, Surrender and Withdrawal
$3.01B+8.5%
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GNWFixed annuities — Policyholder Account Balance, Surrender and Withdrawal
$71M-26.8%

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:PolicyholderAccountBalanceSurrenderAndWithdrawal.

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)
Balance, beginning of period$2,627$3,403$52,594$13,252$4,461$646
Premiums and deposits129254,143123302
Surrenders and withdrawals(37)(253)(4,606)(688)(12)
Benefit payments(28)(42)(231)(184)(29)(7)
Net transfers from (to) separate account1359
Interest credited50463912667315
Policy charges(103)(10)(23)(474)(5)
Changes related to embedded derivatives22,523

Item 1. Financial Statements

FAQ

What is Brighthouse Financial's variable annuities — policyholder account balance, surrender and withdrawal?
Brighthouse Financial (BHF) reported variable annuities — policyholder account balance, surrender and withdrawal of $132M in Q2 2026.
How has Brighthouse Financial's variable annuities — policyholder account balance, surrender and withdrawal changed year-over-year?
Brighthouse Financial's variable annuities — policyholder account balance, surrender and withdrawal decreased by 10.8% year-over-year, from $148M to $132M.
What is the long-term trend for Brighthouse Financial's variable annuities — policyholder account balance, surrender and withdrawal?
Over 4 years (2021 to 2025), Brighthouse Financial's variable annuities — policyholder account balance, surrender and withdrawal has grown at a -1.5% compound annual growth rate (CAGR), from $644M to $605M.
What does variable annuities — policyholder account balance, surrender and withdrawal mean?
Tracks the total value of funds removed from variable annuity accounts by policyholders through surrenders or partial withdrawals. High levels of this activity may indicate increased lapse rates or liquidity needs, which can impact the stability of the asset base and future fee income.

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