Brighthouse Financial (BHF) Balance Sheet: Assets & Liabilities

Brighthouse Financial (BHF) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Brighthouse Financial reported total assets of $241.80B and total liabilities of $234.97B. Shareholders' equity was $6.77B, up 36.5% from $4.96B a year earlier. Total debt stood at $3.15B against $89.10B in cash and short-term investments, a net cash position of $85.95B. That puts debt-to-equity at 0.47, compared with 0.64 a year earlier.

Brighthouse Financial Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Brighthouse Financial, Inc. (BHF) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	5.39	5.05	3.85	4.12	4.47	4.11	2.88	4.15	1.86
Short-Term Investments	83.72	81.92	0.00	76.66	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	89.10	86.97	3.85	80.77	4.47	4.11	2.88	4.15	1.86
Accounts Receivable	22.86	21.13	19.76	18.55	16.09	16.16	14.76	13.70	13.53
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00	0.00	22.05	20.38	17.04
Total Current Assets	111.96	26.17	23.61	254.89	20.57	20.27	17.64	17.84	15.38
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.00	0.00	0.00	0.00	87.57	0.00	64.64	0.00
Long-Term Investments	36.91	4.83	203.73	4.78	232.69	221.50	202.89	181.44	200.60
Intangible Assets	4.57	0.20	0.23	0.46	5.38	0.00	0.00	0.00	0.00
Other Non-Current Assets	86.92	6.17	6.22	-77.42	1.21	-81.47	6.73	7.02	8.22
Total Non-Current Assets	129.84	213.10	213.59	124.60	240.73	229.30	211.20	189.73	210.05
Total Assets	241.80	238.54	237.21	224.85	261.30	249.56	228.84	207.57	225.43
Current Liabilities
Accounts Payable	0.00	0.00	0.00	4.56	0.00	0.00	0.00	0.00	0.00
Short-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Current Portion of Long-Term Debt	-	2.74	2.21	2.80	0.13	-	-	-	-
Other Current Liabilities	96.53	0.00	0.00	-0.04	-0.06	-0.13	4.39	5.06	3.43
Total Current Liabilities	96.55	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Current Liabilities
Long-Term Debt	3.16	3.16	3.16	3.16	3.16	3.44	4.37	3.96	3.61
Deferred Tax Liabilities	0.00	1.82	1.52	1.64	2.52	3.31	2.93	2.25	2.17
Other Non-Current Liabilities	135.26	229.27	227.52	215.61	239.42	224.73	205.30	187.48	205.07
Total Non-Current Liabilities	138.42	234.24	232.20	219.25	245.09	231.47	212.60	193.09	210.85
Total Liabilities	234.97	233.51	232.20	219.25	245.09	231.47	212.60	193.09	210.85
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-0.69	-1.12	-1.51	-0.40	-0.64	-0.53	0.59	1.35	0.71
Accumulated Other Comprehensive Income	-3.73	-5.28	-5.25	-6.11	4.17	5.72	3.24	0.72	1.38
Treasury Stock	2.69	2.57	2.31	2.04	1.54	-	-	-	-
Additional Paid-in Capital	11.18	13.93	11.70	14.08	12.61	12.84	12.35	12.36	12.43
Minority Interest	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Shares Outstanding	0.06	0.06	0.06	0.07	0.08	-	-	-	-
Total Stockholders' Equity	6.77	4.96	4.94	5.53	16.14	18.02	16.17	14.42	14.52
Total Liabilities & Equity	240.74	238.54	236.34	224.85	259.84	247.87	227.26	206.29	224.19

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Brighthouse Financial Balance Sheet

How much debt does Brighthouse Financial have?

Brighthouse Financial had total debt of $3.15B as of Dec 31, 2025, against $89.10B in cash and short-term investments. Its debt-to-equity ratio was 0.47. Total debt was $3.15B a year earlier.

What are Brighthouse Financial's total assets?

Brighthouse Financial reported total assets of $241.80B as of Dec 31, 2025, up 1.4% from $238.54B a year earlier. Total liabilities were $234.97B.

What is Brighthouse Financial's shareholders' equity?

Brighthouse Financial's shareholders' equity was $6.77B as of Dec 31, 2025, or about $118.38 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition