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Brighthouse Financial BHF Variable Annuities — Separate account liabilities

Other product segments

Company-Owned Life Insurance
$2.25B
Fixed Rate Annuities
$0
Index-linked Annuities
$0
ULSG
$0

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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:SeparateAccountsLiability.

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 — separate account liabilities?
Brighthouse Financial (BHF) reported variable annuities — separate account liabilities of $71.7B in Q1 2026.
How has Brighthouse Financial's variable annuities — separate account liabilities changed year-over-year?
Brighthouse Financial's variable annuities — separate account liabilities decreased by 3.0% year-over-year, from $73.89B to $71.7B.
What is the long-term trend for Brighthouse Financial's variable annuities — separate account liabilities?
Over 3 years (2022 to 2025), Brighthouse Financial's variable annuities — separate account liabilities has grown at a -2.7% compound annual growth rate (CAGR), from $329.84B to $304.1B.
What does variable annuities — separate account liabilities mean?
The total value of assets held in separate accounts that are legally segregated from the company's general account to support variable annuity obligations. These liabilities represent the contractual promises made to policyholders based on the performance of underlying investment funds.