Brighthouse Financial (BHF) Operating Expenses (2016 - 2026)
Brighthouse Financial's Operating Expenses came in at $487 million for Q2 2026, down 37.4% from $778 million a year earlier and down 80.6% from the prior quarter.
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Analysis
Brighthouse Financial (BHF) Operating Expenses (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Brighthouse Financial reported Operating Expenses of $5.77 billion, up 0.8% year-over-year; for FY2025, it came in at $6.29 billion, up 46.3% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of -8.7% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $4.3 billion in FY2024 (-23.1%), $5.59 billion in FY2023 (+161.1%), $2.14 billion in FY2022 (-27.8%) and $2.97 billion in FY2021 (-70.1%).
- The Q2 2026 figure represents the lowest quarterly Operating Expenses since Q4 2024.
- Year-over-year, Operating Expenses increased in three of the last eight quarters, with growth averaging 77.5%.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2025 (growth of 314.8%), and the weakest in Q1 2022 (a decline of 99.4%).
- Business Quant data shows BHF's Operating Expenses at $2.51 billion (Q1 2026), $1.54 billion (Q4 2025) and $1.23 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.69 Bn | -333.79 Bn | 55.86 Bn | 86.07 Bn |
| 2 | Chubb | 127.81 Bn | 79.86 Bn | 9.13 Bn | 12.19 Bn |
| 3 | Progressive | 121.79 Bn | 97.63 Bn | 9.04 Bn | 19.40 Bn |
| 4 | Marsh & Mclennan Companies | 80.80 Bn | 72.54 Bn | - | 5.51 Bn |
| 5 | Travelers Companies | 75.76 Bn | 52.01 Bn | 6.23 Bn | 9.39 Bn |
| 6 | Manulife Financial | 74.06 Bn | 75.27 Bn | - | -902.21 Mn |
| 7 | Metlife | 61.12 Bn | -45.36 Bn | 7.82 Bn | 18.12 Bn |
| 8 | Arthur J. Gallagher | 58.82 Bn | 53.25 Bn | - | 3.59 Bn |
| 9 | Allstate | 57.81 Bn | 19.06 Bn | 8.73 Bn | 14.45 Bn |
| 10 | Brighthouse Financial | 2.99 Bn | -25.12 Bn | 1.03 Bn | 487.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 487.00 Mn |
| Mar 31, 2026 | 2.51 Bn |
| Dec 31, 2025 | 1.54 Bn |
| Sep 30, 2025 | 1.23 Bn |
| Jun 30, 2025 | 778.00 Mn |
| Mar 31, 2025 | 2.74 Bn |
| Dec 31, 2024 | 371.00 Mn |
| Sep 30, 2024 | 1.83 Bn |
| Jun 30, 2024 | 1.41 Bn |
| Mar 31, 2024 | 688.00 Mn |
| Dec 31, 2023 | 2.57 Bn |
| Sep 30, 2023 | 580.00 Mn |
| Jun 30, 2023 | 502.00 Mn |
| Mar 31, 2023 | 1.94 Bn |
| Dec 31, 2022 | -167.00 Mn |
| Sep 30, 2022 | 609.00 Mn |
| Jun 30, 2022 | 1.69 Bn |
| Mar 31, 2022 | 10.00 Mn |
| Dec 31, 2021 | -2.42 Bn |
| Sep 30, 2021 | 2.02 Bn |
API Access
Brighthouse Financial Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BHF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BHF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BHF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();