EarningsQ2 2025 Earnings Report

Brighthouse Financial (BHF) Q2 2025 Earnings Report

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Previous Report: Q1 2025

Next Report: Q3 2025

MX:BHF Q2 2025 EPS Results

Actual EPS$62.07

Consensus EPS$79.18

Beat/MissMissed by -$17.12

One Year Ago EPS$100.79

MX:BHF Q2 2025 Revenue Results

Actual Revenue$15.76B

Expected Revenue$39.85B

Beat/MissMissed by -$24.08B

YoY Revenue Growth-38.96%

Earnings Announcement Details

QuarterQ2 2025

Date08/07/2025

TimeAfter Close

Conference CallThursday, August 7, 2025

MX:BHF Upcoming Earnings

Brighthouse Financial's next earnings date is estimated for November 11, 2026, based on past reporting schedules.

Q2 2025 Earnings Call Audio

MX:BHF Q2 2025 Earnings Call

0:00 / 0:00

Q2 2025 Earnings Slide Deck

Q2 2025 Earnings Call Summary

Q2 2025

Earnings Call Date:Aug 07, 2025|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call presented a mix of strong sales performance and shareholder returns, contrasted by declining adjusted earnings and challenges in underwriting margins. The company's strong capital and liquidity position provides a solid foundation, but the decline in earnings and statutory losses raise concerns.

Company Guidance

During Brighthouse Financial's Second Quarter 2025 Earnings Conference Call, the company reported strong financial performance and progress in strategic initiatives. Annuity sales reached $2.6 billion, reflecting a 16% sequential increase and an 8% increase compared to the previous year, with Shield sales contributing $1.9 billion. Life insurance sales totaled $33 million, leading to record year-to-date sales of $69 million, up 21% from 2024. The company maintained a robust liquidity position with over $900 million in liquid assets at the holding company as of June 30, 2025. The estimated combined risk-based capital (RBC) ratio stood between 405% and 425%, within the target range of 400% to 450%. Corporate expenses decreased to $202 million from $239 million in the first quarter. The company repurchased $43 million in common stock during the second quarter, contributing to $102 million year-to-date repurchases, with a remaining $441 million capacity under the share repurchase program. Adjusted earnings for the quarter were $198 million, or $3.43 per share.

Strong Annuity and Life Insurance Sales

Total annuity sales were $2.6 billion, increasing 16% sequentially and 8% year-over-year. Shield sales contributed significantly with $1.9 billion in the quarter. Life insurance sales reached a record $69 million year-to-date, a 21% increase from the same period in 2024.

Capital and Liquidity Position

Brighthouse Financial maintained a strong capital position with an estimated combined RBC ratio of 405%-425% and liquid assets at the holding company exceeding $900 million as of June 30.

Shareholder Returns

The company repurchased $43 million of common stock in the second quarter, bringing the year-to-date total to $102 million. Since the inception of the repurchase program in 2018, over $2.6 billion in stock has been repurchased, representing 52% of outstanding shares.

MX:BHF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 11, 2026	2026 (Q3)	94.75 / -	82.153	―
Aug 05, 2026	2026 (Q2)	87.91 / 80.52	62.067	29.74% (+18.46)
May 06, 2026	2026 (Q1)	82.60 / 78.71	72.562	8.48% (+6.15)
Feb 23, 2026	2025 (Q4)	94.37 / 66.95	91.743	-27.02% (-24.79)
Sep 30, 2025	2025 (Q3)	90.77 / 82.15	227.639	-63.91% (-145.49)
Aug 07, 2025	2025 (Q2)	79.18 / 62.07	100.791	-38.42% (-38.72)
May 08, 2025	2025 (Q1)	82.91 / 72.56	-28.229	357.05% (+100.79)
Feb 11, 2025	2024 (Q4)	78.53 / 91.74	49.4	85.71% (+42.34)
Nov 07, 2024	2024 (Q3)	80.92 / 227.64	89.934	153.12% (+137.71)
Aug 07, 2024	2024 (Q2)	79.42 / 100.79	74.734	34.87% (+26.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed