Here are the 10-Q quarterly reports from Brighthouse Financial, Inc. (BHFAN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BHFAN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BHFAN filings page.
Brighthouse Financial, Inc. reported third-quarter 2026 revenue of $853 million and net income available to common shareholders of $302 million, versus $1.816 billion and $453 million a year earlier. For the first nine months, revenue was $4.002 billion versus $5.077 billion, while common-shareholder income was $466 million versus $219 million. Adjusted earnings, a management measure excluding specified items, were $527 million for the quarter and $1.024 billion for nine months, compared with $970 million and $1.403 billion, respectively. Net derivative losses were $1.146 billion for the quarter and $2.132 billion for nine months.
Net cash used in operating activities was $1.128 billion for the nine months, versus $262 million provided in 2025. Under the merger agreement with Aquarian Holdings VI L.P., each common share outstanding immediately before the effective time is to convert into a right to receive $70.00 per share in cash, without interest and less required deductions or withholding; Brighthouse Financial would survive as its wholly owned subsidiary.
Brighthouse Financial, a large U.S. annuity and life insurer, reported Q2 2026 net income available to common shareholders of $956 million, or diluted EPS of $16.53, up from $60 million and $1.02 a year earlier, on revenues of $1,622 million versus $871 million. For the first six months, net income to common was $164 million compared with a loss of $234 million in 2025.
Results continue to be influenced by market-sensitive items, including Q2 2026 net derivative losses of $(477) million and a favorable change in market risk benefits of $(1,370) million. As of June 30, 2026, total assets were $247,180 million, cash and cash equivalents were $7,105 million, and policyholder account balances were $89,076 million.
Brighthouse remains party to a definitive merger agreement with Aquarian Holdings VI L.P. Under this agreement, at the merger’s effective time each outstanding common share will be converted into the right to receive $70.00 in cash, without interest and subject to applicable withholding, and Brighthouse will become a wholly owned subsidiary of Aquarian Parent.
Brighthouse Financial, Inc. reported a sharp loss for the three months ended March 31, 2026 while preparing to be acquired. The company has agreed to a cash merger under which each common share will be converted into $70.00 in cash at closing.
For the quarter, total revenues were $1.53 billion, down from $2.39 billion a year earlier, mainly because net derivative results swung from a gain of $311 million to a loss of $509 million. The change in market risk benefits expense also remained large at $748 million.
Brighthouse posted a net loss attributable to the company of $766 million, compared with a $268 million loss in the prior-year period. Net loss available to common shareholders widened to $792 million, or $(13.82) per diluted share, versus $(5.04) per share last year. Stockholders’ equity fell to $5.56 billion at March 31, 2026 from $6.77 billion at year-end 2025, reflecting the loss and lower accumulated other comprehensive income.