Brighthouse Financial Reports $60M Net Income in Q2 2025, $234M Loss for First Half

Brighthouse Financial, Inc. reported its financial results for the second quarter and first half of 2025, revealing a net income of $60 million for the three months ending June 30, 2025, compared to $9 million in the same period of 2024. For the first half of 2025, the company experienced a net loss of $234 million, an improvement from a loss of $510 million in the prior year. Total revenues for the second quarter were $871 million, down from $1.427 billion in the same quarter of 2024, while revenues for the first half of 2025 reached $3.261 billion, significantly higher than $1.501 billion in the previous year.

The company noted several significant changes in its financial performance compared to the previous fiscal period. Premiums decreased to $166 million from $181 million year-over-year, and universal life and investment-type product policy fees also saw a decline, totaling $553 million compared to $580 million in the prior year. However, net investment income remained relatively stable at $1.285 billion, slightly down from $1.307 billion in the same quarter of 2024. The company reported net investment losses of $39 million for the quarter, an improvement from losses of $120 million in the same period last year.

Brighthouse Financial has made strategic adjustments, including a focus on managing its investment portfolio amid changing market conditions. The company has also been active in share repurchases, acquiring 1.8 million shares for $102 million during the first half of 2025, with $441 million remaining under its repurchase program. The company’s total assets increased to $242.645 billion as of June 30, 2025, up from $238.537 billion at the end of 2024, driven by growth in investments and cash equivalents.

Operationally, Brighthouse Financial reported a total of 57,152,371 shares of common stock outstanding as of August 4, 2025. The company continues to face challenges, including higher claims in its Life segment and lower investment spreads due to increased interest credited to policyholders. The outlook remains cautious, with management emphasizing the need to navigate ongoing market volatility and economic uncertainties, particularly regarding interest rates and inflation, which could impact future profitability and capital management strategies.

Looking ahead, Brighthouse Financial aims to maintain its financial strength and capital position while adapting to market conditions. The company is focused on enhancing its product offerings and managing risks associated with its investment portfolio, particularly in light of the current economic environment.