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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.
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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
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $1.4B | +108% | 83.6% | $969M | −$447M |
| Q1 2026 | 10-Q | May 11, 2026 | $1.4B | -39% | -74.8% | −$791M | −$132M |
| Q4 2025 | 10-K | Feb 27, 2026 | $1.5B | +48% | 7.6% | $128M | $130M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $1.6B | -10% | 28.3% | $381M | $132M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $697M | -44% | 9.6% | $67.0M | $77.0M |
| Q1 2025 | 10-Q | May 12, 2025 | $2.2B | — | -17.2% | −$287M | $143M |
| Q4 2024 | 10-K | Mar 4, 2025 | $1.0B | -18% | 78.1% | $646M | −$23.0M |
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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%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| Brighthouse Life Insurance | Q2 2026 | $1.4B | +108% | 83.6% |
| MET Metlife | Q3 2026 | $20.5B | +18% | 8.9% |
| PRU Prudential Financial | Q3 2026 | $14.4B | -19% | 11.4% |
| Metropolitan Life Insurance | Q2 2026 | $9.6B | +2% | 6.0% |
| RGA Reinsurance Group of America | Q3 2026 | $7.5B | +22% | 8.3% |
| CRBG Corebridge Financial | Q3 2026 | $6.2B | +14% | 37.7% |
| LNC Lincoln National | Q3 2026 | $5.5B | +20% | 31.7% |
| Lincoln National Life Insurance | Q2 2026 | $4.3B | +8% | 25.2% |
| ATH-PA Athene Holding | Q3 2026 | $3.1B | -62% | -56.7% |
Source: Brighthouse Life Insurance 10-Q on SEC EDGAR · CIK 733076 · Life Insurance