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Brighthouse Life Insurance earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 10, 2026

Q2 2026 Revenue up 108% year over year to $1.4B · 67¢ of every $1 of revenue kept as net profit · operating margin 83.6%

Brighthouse Life Insurance made $1.4B in Q2 2026 (+108% Y/Y). Operating margin 83.6%, net earnings $969M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.

Revenue$1.4B
Year over year+108%
Operating margin83.6%
Net earnings$969M
Operating cash flow−$447M

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Brighthouse Life Insurance Q2 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
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What changed this quarter

Revenue was $1.4B in Q2 2026, up 108% year over year and up 6% from the previous quarter.

Operating profit was $1.2B, a 83.6% margin (up 74.0 points year over year). Of the extra revenue versus Q2 2025, 152% reached operating profit, above the 10% margin then. Total costs fell 62% while revenue rose 108%. Net earnings were $1.0B, up 1346% year over year. The effective tax rate was 19.9%.

Operating cash flow was −$0.45B. Working capital and other items used $1.4B.

Quarterly history

Brighthouse Life Insurance revenue by quarterBrighthouse Life Insurance revenue by quarter$1.0BQ4 2024$2.2BQ1 2025$697MQ2 2025$1.6BQ3 2025$1.5BQ4 2025$1.4BQ1 2026$1.4BQ2 2026
Brighthouse Life Insurance net earnings by quarterBrighthouse Life Insurance net earnings by quarter$646MQ4 2024−$287MQ1 2025$67.0MQ2 2025$381MQ3 2025$128MQ4 2025−$791MQ1 2026$969MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 10, 2026$1.4B+108%83.6%$969M−$447M
Q1 202610-QMay 11, 2026$1.4B-39%-74.8%−$791M−$132M
Q4 202510-KFeb 27, 2026$1.5B+48%7.6%$128M$130M
Q3 202510-QNov 12, 2025$1.6B-10%28.3%$381M$132M
Q2 202510-QAug 11, 2025$697M-44%9.6%$67.0M$77.0M
Q1 202510-QMay 12, 2025$2.2B—-17.2%−$287M$143M
Q4 202410-KMar 4, 2025$1.0B-18%78.1%$646M−$23.0M

Charts

Brighthouse Life Insurance: revenue growth, year over year and quarter over quarterBrighthouse Life Insurance: revenue growth, year over year and quarter over quarterY/YQ/Q-18%Q4 2024+119%Q1 2025-44%-69%Q2 2025-10%+136%Q3 2025+48%-8%Q4 2025-39%-10%Q1 2026+108%+6%Q2 2026
Latest (Q2 2026): Y/Y +108%, Q/Q +6%.
Brighthouse Life Insurance: where the cash came from (+) and went (−), TTM to Q2 2026Brighthouse Life Insurance: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$2.4BCash drawn (+) / kept (−)−$1.6BOther investing−$509MOperating cash flow−$317M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Brighthouse Life Insurance: profit against cash, quarter by quarterBrighthouse Life Insurance: profit against cash, quarter by quarterNet incomeOperating cash flow$197M$38.0MQ3 2024$646M−$23.0MQ4 2024−$287M$143MQ1 2025$68.0M$77.0MQ2 2025$381M$132MQ3 2025$128M$130MQ4 2025−$791M−$132MQ1 2026$970M−$447MQ2 2026
Latest (Q2 2026): Net income $970M, Operating cash flow −$447M.
Brighthouse Life Insurance: long-term debt falling due (FY2025)Brighthouse Life Insurance: long-term debt falling due (FY2025)$3.0M2026$3.0M2027$3.0M2028$4.0M2029$4.0M2030$815MLater
Cash $5.1B, short-term investments —, long-term debt $832M at 2025-12-31.
Brighthouse Life Insurance in its industry: growth against margin (24 companies, SIC 6311)Brighthouse Life Insurance in its industry: growth against margin (24 companies, SIC 6311)revenue growth, year over year →↑ operating marginmedian +5%median 16%METPRUMetropolitan Life Insurance CoRGACRBGLNCLincoln National Life Insurance CoATH-PAVOYAGNWANG-PDGLJXNFGPRIBHFVoya Retirement Insurance & Annuity CoCIAAAMEFirst Trinity Financial CorpUTGNUS Alliance CorpTexas Republic Capital CorpBrighthouse Life Insurance (+108%, 84%)
Life Insurance; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Brighthouse Life Insurance

We offer a range of annuity and life insurance products to individuals and deliver our products through multiple independent distribution channels and marketing arrangements with a diverse network of distribution partners. Brighthouse Life Insurance Company, a Delaware corporation, is licensed to write business in all U.S. states (except New York), the District of Columbia, the Bahamas, Guam, Puerto Rico, the British Virgin Islands and the U.S. Virgin Islands. Brighthouse Life Insurance Company of NY (“BHNY”), a wholly-owned subsidiary of Brighthouse Life Insurance Company, is domiciled in New York and licensed to write business only in New York.

In its own words, from its 10-K, filed Feb 27, 2026.

Brighthouse Life Insurance against its Life Insurance peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +108% against the peers' median +14%. Operating margin: 83.6% against the peers' median 11.4%.

CompanyQuarterRevenueY/YOp. margin
Brighthouse Life InsuranceQ2 2026$1.4B+108%83.6%
MET MetlifeQ3 2026$20.5B+18%8.9%
PRU Prudential FinancialQ3 2026$14.4B-19%11.4%
Metropolitan Life InsuranceQ2 2026$9.6B+2%6.0%
RGA Reinsurance Group of AmericaQ3 2026$7.5B+22%8.3%
CRBG Corebridge FinancialQ3 2026$6.2B+14%37.7%
LNC Lincoln NationalQ3 2026$5.5B+20%31.7%
Lincoln National Life InsuranceQ2 2026$4.3B+8%25.2%
ATH-PA Athene HoldingQ3 2026$3.1B-62%-56.7%

Source: Brighthouse Life Insurance 10-Q on SEC EDGAR · CIK 733076 · Life Insurance