Brighthouse Financial, Inc.
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Brighthouse Financial, Inc. (BHFAL). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Annuities | – | – | $5.49B 79.9% | $944.0M 22.9% · -82.8% | $1.93B 40.9% · +104.7% | $3.64B 53.8% · +88.3% |
| Run-off | – | – | -$196.0M -2.9% | $1.41B 34.1% · +816.8% | $1.00B 21.1% · -29.1% | $1.27B 18.8% · +27.9% |
| Life | – | – | $1.18B 17.2% | $1.20B 29.1% · +1.4% | $1.11B 23.6% · -7.2% | $1.15B 17.0% · +3.2% |
| Corporate & Other | – | – | $395.0M 5.7% | $569.0M 13.8% · +44.1% | $683.0M 14.5% · +20.0% | $705.0M 10.4% · +3.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Annuities | $1.17B | $1.45B | $1.07B 19.5% | $1.17B 123.8% | $1.25B 64.8% | $1.25B 34.5% |
| Run-off | -$1.30B | $191.0M | $87.0M 44.4% | -$77.0M -5.5% | $65.0M 6.5% | $436.0M 34.2% |
| Life | $148.0M | $287.0M | $78.0M 6.6% | -$53.0M -4.4% | $33.0M 3.0% | $41.0M 3.6% |
| Corporate & Other | -$294.0M | -$334.0M | -$51.0M -12.9% | -$70.0M -12.3% | -$30.0M -4.4% | -$114.0M -16.2% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 14, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.