BHF Brighthouse Financial, Inc.

Overview and Growth

Fiscal 2025 results for Brighthouse Financial, Inc. combined $6.77B of revenue with net income of $433.00M and an operating cash inflow of $259.00M. The $6.77B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 43.2% above fiscal 2024 revenue of $4.72B, marking a year-over-year increase. The company reported diluted EPS of $5.71, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $4.64 in fiscal 2024, the current result was 23.1% higher. Diluted shares averaged 57.94M; this is the reported share base over which the company’s diluted per-share earnings were spread. Compared with 61.60M diluted shares in fiscal 2024, the current 57.94M base was 5.9% lower. The company employed $241.80B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.03x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Net income came to $433.00M, completing the progression from revenue through gross and operating profitability to the final reported result. The final earnings result represented 6.4% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $474.00M of earnings, providing a bridge between the operating result and final net income. Pretax income represented 7.0% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $36.00M, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 7.6%, quantifying the portion of pre-tax earnings paid in income tax. The relationship between net income and period-end equity was 6.3%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 0.2%, showing earnings relative to the full balance sheet. Current net income of $433.00M was above fiscal 2024 net income of $388.00M, showing the direction of the bottom-line change.

Liquidity and Capital Structure

At period end, the $241.80B asset base was financed through $234.97B of liabilities and $6.83B of equity. Cash and equivalents totaled $5.39B, identifying the most liquid reported component available within the broader current-asset balance. Borrowings totaled $3.15B, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.46x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 1.3%, showing how much of the asset base was matched by borrowing. The equity-to-assets relationship was 2.8%, placing book capital against the total resource base. Liabilities represented 97.2% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 2.2%, comparing reported cash and equivalents with the full positive asset balance. Compared with $238.54B in fiscal 2024, the current asset base moved 1.4% and finished higher. Reported equity changed 36.0% from $5.02B in fiscal 2024, placing the current capital base higher year over year. Cash and equivalents were 6.8% higher than fiscal 2024 cash of $5.04B, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was $259.00M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 0.6x of net income, showing how strongly accounting earnings converted into cash from operations. The company replaced fiscal 2024 operating cash use of $290.00M with a current inflow of $259.00M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.