---
schema_version: "secwatch.filing_event.v1"
accession: "0001685040-23-000026"
form_type: "8-K"
ticker: "BHF"
cik: "0001685040"
company_name: "Brighthouse Financial, Inc."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T13:38:32.527105+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Brighthouse Financial Q1 net loss $525M; adjusted earnings $195M, down 49% YoY

## Summary
- Net loss available to shareholders of $525M ($7.72/diluted share) vs net income $1,558M in Q1 2022.
- Adjusted earnings $195M ($2.86/diluted share) vs $380M ($4.91) prior year, down 49%.
- Annuity sales +35% YoY; life sales +15% YoY.
- Estimated combined RBC ratio 460-480%; holding company liquid assets $1.1B.
- Repurchased $89M of common stock year-to-date through May 5, 2023.

## SEC filing metadata
- accession: 0001685040-23-000026
- form_type: 8-K
- ticker: BHF
- cik: 0001685040
- company_name: Brighthouse Financial, Inc.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1685040/000168504023000026/0001685040-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1685040/000168504023000026/bhf-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001685040-23-000026
- JSON: https://secwatch.observer/filing/0001685040-23-000026.json
- Plain text: https://secwatch.observer/filing/0001685040-23-000026.txt

## Key facts
- Earnings Releases
  Brighthouse Financial, Inc. reported first quarter ended March 31, 2023 results: net income $525 million, EPS $7.72 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Net income: $525 million
  - EPS: $7.72 per diluted share
  - Result: reported results
  source text: The company reported a net loss available to shareholders of $525 million in the first quarter of 2023, or $7.72 per diluted share, compared with net income available to shareholders of $1,558 million in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1685040/000168504023000026/0001685040-23-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.