Brighthouse Financial (BHF) Operating Expenses (2016 - 2026)

Brighthouse Financial's (BHF) quarterly Operating Expenses came in at $2.5 billion in Q1 2026, down 8.42% year-on-year from $2.7 billion in Q1 2025, and up 399.6% on a QoQ basis from $503.0 million in Q4 2025.

Brighthouse Financial (BHF) Operating Expenses (2016 - 2026) Analysis & Trends

Brighthouse Financial (BHF) has 11 years of Operating Expenses data on file, last reported at $2.5 billion in Q1 2026.

  • On a quarterly basis, Operating Expenses fell 8.42% year-over-year to $2.5 billion in Q1 2026; TTM through Mar 2026 was $5.0 billion, a 23.31% increase from a year earlier, with the FY2025 full-year figure at $2.0 billion, down 54.49% from the prior year.
  • Operating Expenses for Q1 2026 stood at $2.5 billion, up from $503.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for BHF reached as high as $2.7 billion in Q1 2025 and fell as low as -$167.0 million in Q4 2022.
  • Historically, Operating Expenses has averaged $934.1 million across 5 years, with a median of $507.0 million in 2024.
  • Across the five-year window, Operating Expenses plunged 99.41% in 2022 and surged 4680.0% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at -$167.0 million in 2022, then jumped by 1641.32% to $2.6 billion in 2023, then slumped by 85.59% to $371.0 million in 2024, then surged by 35.58% to $503.0 million in 2025, then surged by 399.6% to $2.5 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $2.5 billion in Q1 2026, $503.0 million in Q4 2025, and $1.2 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Prudential 75.05 Bn 67.97 Bn - -171.00 Mn
2 Aflac 63.80 Bn 58.14 Bn 2.51 Bn 3.12 Bn
3 Metlife 60.34 Bn 44.39 Bn 256.00 Mn 3.80 Bn
4 Manulife Financial 52.65 Bn 53.78 Bn - -199.07 Mn
5 Unum 14.19 Bn 4.23 Bn 1.40 Bn 3.05 Bn
6 Primerica 9.76 Bn 9.08 Bn 770.81 Mn 623.28 Mn
7 Jackson Financial 8.17 Bn 3.03 Bn - 3.30 Bn
8 Lincoln National 7.81 Bn -1.09 Bn 3.25 Bn 5.55 Bn
9 F&G Annuities & Life 3.87 Bn 1.67 Bn 1.15 Bn -
10 Brighthouse Financial 3.60 Bn -2.48 Bn 890.00 Mn 2.51 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.51 Bn
Dec 31, 2025 503.00 Mn
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 492.00 Mn
Jun 30, 2024 468.00 Mn
Mar 31, 2024 507.00 Mn
Dec 31, 2023 2.57 Bn
Sep 30, 2023 580.00 Mn
Jun 30, 2023 500.00 Mn
Mar 31, 2023 478.00 Mn
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 579.00 Mn
Jun 30, 2021 608.00 Mn