--- title: "Brighthouse Financial Pref Share BHFAO 6.75 Perp 06/25/25 B | 10-Q: FY2026 Q1 Revenue: USD 1.527 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285621170.md" datetime: "2026-05-07T21:11:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285621170.md) - [en](https://longbridge.com/en/news/285621170.md) - [zh-HK](https://longbridge.com/zh-HK/news/285621170.md) generator: "portal-rs" --- # Brighthouse Financial Pref Share BHFAO 6.75 Perp 06/25/25 B | 10-Q: FY2026 Q1 Revenue: USD 1.527 B Revenue: As of FY2026 Q1, the actual value is USD 1.527 B. EPS: As of FY2026 Q1, the actual value is USD -13.82. EBIT: As of FY2026 Q1, the actual value is USD -2.216 B. ### Financial Performance by Segment #### Three Months Ended March 31, 2026 - **Annuities Segment** - Total revenues: $799 million - Adjusted earnings (loss): $324 million - Interest revenue: $771 million - Total assets: $163,357 million - **Life Segment** - Total revenues: $241 million - Adjusted earnings (loss): - $6 million - Interest revenue: $98 million - Total assets: $27,146 million - **Run-off Segment** - Total revenues: $354 million - Adjusted earnings (loss): - $48 million - Interest revenue: $268 million - Total assets: $24,711 million - **Corporate & Other Segment** - Total revenues: $133 million - Adjusted earnings (loss): - $31 million - Interest revenue: $131 million - Total assets: $21,589 million - **Consolidated Total** - Total revenues: $1,527 million - Adjusted earnings (loss): $239 million #### Three Months Ended March 31, 2025 - **Annuities Segment** - Total revenues: $1,590 million - Adjusted earnings (loss): $314 million - Interest revenue: $753 million - Total assets: $166,867 million (as of December 31, 2025) - **Life Segment** - Total revenues: $281 million - Adjusted earnings (loss): $9 million - Interest revenue: $107 million - Total assets: $27,494 million (as of December 31, 2025) - **Run-off Segment** - Total revenues: $368 million - Adjusted earnings (loss): - $64 million - Interest revenue: $272 million - Total assets: $25,455 million (as of December 31, 2025) - **Corporate & Other Segment** - Total revenues: $151 million - Adjusted earnings (loss): - $24 million - Interest revenue: $159 million - Total assets: $21,984 million (as of December 31, 2025) - **Consolidated Total** - Total revenues: $2,390 million - Adjusted earnings (loss): $235 million ### Consolidated Operational Metrics #### Net Income (Loss) Attributable to Brighthouse Financial, Inc. - Three Months Ended March 31, 2026: - $766 million - Three Months Ended March 31, 2025: - $268 million #### Comprehensive Income (Loss) Attributable to Brighthouse Financial, Inc. - Three Months Ended March 31, 2026: - $1,193 million - Three Months Ended March 31, 2025: $340 million #### Key Expenses - Policyholder Benefits and Claims: $637 million (2026) vs. $649 million (2025) - Interest Credited to Policyholder Account Balances: $493 million (2026) vs. $561 million (2025) - Amortization of Deferred Policy Acquisition Costs and Value of Business Acquired: $158 million (2026) vs. $148 million (2025) - Change in Market Risk Benefits: $748 million (2026) vs. $893 million (2025) - Other Expenses: $477 million (2026) vs. $493 million (2025) ### Cash Flow #### Net Cash Provided by (Used in) Operating Activities - Three Months Ended March 31, 2026: - $221 million - Three Months Ended March 31, 2025: $146 million #### Net Cash Provided by (Used in) Investing Activities - Three Months Ended March 31, 2026: - $485 million - Three Months Ended March 31, 2025: $563 million #### Net Cash Provided by (Used in) Financing Activities - Three Months Ended March 31, 2026: $226 million - Three Months Ended March 31, 2025: - $1,087 million #### Cash, Cash Equivalents and Restricted Cash (End of Period) - March 31, 2026: $4,907 million - March 31, 2025: $4,667 million ### Balance Sheet Highlights #### Total Investments - March 31, 2026: $121,456 million - December 31, 2025: $120,629 million #### Fixed Maturity Securities Available-For-Sale - **March 31, 2026:** Amortized cost: $87,206 million; Estimated fair value: $81,232 million; Allowance for credit losses: $65 million - **December 31, 2025:** Amortized cost: $87,046 million; Estimated fair value: $82,014 million; Allowance for credit losses: $64 million #### Mortgage Loans (Net of Allowance for Credit Losses) - March 31, 2026: $22,620 million - December 31, 2025: $22,755 million #### Total Assets - March 31, 2026: $236,803 million - December 31, 2025: $241,800 million #### Total Liabilities - March 31, 2026: $231,175 million - December 31, 2025: $234,967 million #### Total Equity - March 31, 2026: $5,628 million - December 31, 2025: $6,833 million #### Policyholder Account Balances - March 31, 2026: $86,379 million - December 31, 2025: $87,952 million #### Market Risk Benefit Liabilities - March 31, 2026: $8,564 million - December 31, 2025: $8,063 million #### Derivatives - **March 31, 2026:** Gross notional amount: $350,970 million; Estimated fair value assets: $8,448 million; Estimated fair value liabilities: $7,863 million - **December 31, 2025:** Gross notional amount: $304,733 million; Estimated fair value assets: $6,779 million; Estimated fair value liabilities: $5,234 million ### Future Outlook and Strategy Brighthouse Financial, Inc. has entered into a Merger Agreement where it will become a wholly-owned subsidiary of Aquarian Parent, with common shareholders receiving $70.00 per share in cash . The company is also evaluating the impact of new FASB accounting guidance (ASU 2025-08 and ASU 2024-03) effective in fiscal years 2027 and 2027⁄2028, respectively, which will require prospective adoption for acquired loans and additional disaggregated expense information . ### Related Stocks - [BHFAO.US](https://longbridge.com/en/quote/BHFAO.US.md) ## Related News & Research - [SEALSQ invests EUR 15 million in Quobly minority stake](https://longbridge.com/en/news/297524079.md) - [Nordson raises quarterly dividend 15% to $0.94 a share](https://longbridge.com/en/news/297181593.md) - [$1000 Invested In MasTec 15 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/297581244.md) - [Max Stock shareholders vote Sept. 15 on amended CEO compensation policy, Ori Max pay terms](https://longbridge.com/en/news/297516789.md) - [Altria Increases Quarterly Dividend to $1.11 Per Share | MO Stock News](https://longbridge.com/en/news/297223084.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**