Brighthouse Financial Inc

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

BHF$43.99+3.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Operations

(In millions, except per share data)

	2023	2022	2021
Revenues
Premiums	$828	$662	$707
Universal life and investment-type product policy fees	2,295	2,435	2,980
Net investment income	4,664	4,138	4,881
Other revenues	483	478	450
Net investment gains (losses)	(246)	(248)	(59)
Net derivative gains (losses)	(3,907)	(592)	(3,983)
Total revenues	4,117	6,873	4,976
Expenses
Policyholder benefits and claims (including liability remeasurement gains (losses) of ($234), $137, ($50), respectively)	2,676	2,193	2,746
Interest credited to policyholder account balances	1,825	1,338	1,269
Amortization of deferred policy acquisition costs and value of business acquired	620	629	637
Change in market risk benefits	(1,507)	(4,104)	(4,134)
Other expenses	1,977	2,085	2,449
Total expenses	5,591	2,141	2,967
Income (loss) before provision for income tax	(1,474)	4,732	2,009
Provision for income tax expense (benefit)	(367)	848	361
Net income (loss)	(1,107)	3,884	1,648
Less: Net income (loss) attributable to noncontrolling interests	5	5	5
Net income (loss) attributable to Brighthouse Financial, Inc.	(1,112)	3,879	1,643
Less: Preferred stock dividends	102	104	89
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders	$(1,214)	$3,775	$1,554

Earnings per common share
Basic	$(18.39)	$51.73	$18.54
Diluted	$(18.39)	$51.30	$18.39

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.