Brighthouse Financial, Inc. (BHF)

Nasdaq, Nasdaq, Nasdaq, Nasdaq, Nasdaq, Nasdaq · Life Insurance

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

17 entities across 4 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-24 — see the exhibit.

Which other public companies file entities in the same places:

Delaware14 Connecticut1 New York1 Massachusetts1

Subsidiaries of Brighthouse Financial, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
BLIC Property Ventures, LLC	Delaware
BLICNY Property Ventures, LLC	Delaware
Brighthouse Assignment Company	Connecticut
Brighthouse Holdings, LLC	Delaware
Brighthouse Investment Advisers, LLC	Delaware
Brighthouse Life Insurance Company	Delaware
Brighthouse Life Insurance Company of NY	New York
Brighthouse Reinsurance Company of Delaware	Delaware
Brighthouse Renewables Holding, LLC	Delaware
Brighthouse Securities, LLC	Delaware
Brighthouse Services, LLC	Delaware
Euro TI Investments LLC	Delaware
Euro TL Investments LLC	Delaware
Greater Sandhill I, LLC	Delaware
New England Life Insurance Company	Massachusetts
TLA Holdings LLC	Delaware
TLA Holdings II LLC	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

6 / 7

PASSReturn on assets positiveROA 0.2%
PASSOperating cash flow positiveOCF 259M
PASSReturn on assets improving0.2% → 0.2%
FAILCash flow exceeds earningsOCF 259M vs NI 433M
PASSLong-term debt ratio falling1.3% → 1.3% of assets
FAILCurrent ratio improvingno data
PASSNo share dilution62M → 58M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.02× → 0.03×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$8.5B	−$1.1B	—	—	95,350,822
FY2021	$7.1B	−$108.0M	—	—	83,783,664
FY2022	$8.5B	$5.0M	—	—	72,970,249
FY2023	$4.1B	−$1.1B	—	—	66,013,645
FY2024	$4.7B	$388.0M	—	—	61,600,382
FY2025	$6.8B	$433.0M	—	—	57,939,779

Ownership flow

1 institutions tracked — 0 added, 1 reduced.

Institutional holders of Brighthouse Financial, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	1,098,870	−1,367	$69.6M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $0
2025Q1: $59.0M
2024Q1: $62.0M
2023Q1: $62.0M
2022Q1: $127.0M
2021Q1: $68.0M

Identity

CIK: 0001685040
SIC: 6311 · Life Insurance
Incorporated: DE
Headquarters: CHARLOTTE, NC

Ownership

Institutional: 93.2%
Institutions: 591
Insiders: 1.4%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other life insurance companies

Brighthouse Financial, Inc. files under SIC 6311 — all 8 life insurance companies compared on assets and F-score.

PRUDENTIAL FINANCIAL INCPRU LINCOLN NATIONAL CORPLNC Jackson Financial Inc.JXN Voya Financial, Inc.VOYA REINSURANCE GROUP OF AMERICA INCRGA F&G Annuities & Life, Inc.FG

Questions about Brighthouse Financial, Inc.

How many subsidiaries does Brighthouse Financial, Inc. file with the SEC?: 17, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (Delaware, Connecticut, New York, Massachusetts). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Brighthouse Financial, Inc. financially healthy?: Brighthouse Financial, Inc. scores 6 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Brighthouse Financial, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

17 entities across 4 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-24 — see the exhibit.

Entity

Jurisdiction

Note

BLIC Property Ventures, LLC

Delaware

BLICNY Property Ventures, LLC

Delaware

Brighthouse Assignment Company

Connecticut

Brighthouse Holdings, LLC

Delaware

Brighthouse Investment Advisers, LLC

Delaware

Brighthouse Life Insurance Company

Delaware

Brighthouse Life Insurance Company of NY

New York

Brighthouse Reinsurance Company of Delaware

Delaware

Brighthouse Renewables Holding, LLC

Delaware

Brighthouse Securities, LLC

Delaware

Brighthouse Services, LLC

Delaware

Euro TI Investments LLC

Delaware

Euro TL Investments LLC

Delaware

Greater Sandhill I, LLC

Delaware

New England Life Insurance Company

Massachusetts

TLA Holdings LLC

Delaware

TLA Holdings II LLC

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

6 / 7

PASSReturn on assets positiveROA 0.2%
PASSOperating cash flow positiveOCF 259M
PASSReturn on assets improving0.2% → 0.2%
FAILCash flow exceeds earningsOCF 259M vs NI 433M
PASSLong-term debt ratio falling1.3% → 1.3% of assets
FAILCurrent ratio improvingno data
PASSNo share dilution62M → 58M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.02× → 0.03×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$8.5B

−$1.1B

—

95,350,822

FY2021

$7.1B

−$108.0M

—

83,783,664

FY2022

$8.5B

$5.0M

—

72,970,249

FY2023

$4.1B

−$1.1B

—

66,013,645

FY2024

$4.7B

$388.0M

—

61,600,382

FY2025

$6.8B

$433.0M

—

57,939,779

Ownership flow

1 institutions tracked — 0 added, 1 reduced.

Institutional holders of Brighthouse Financial, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	1,098,870	−1,367	$69.6M

Questions about Brighthouse Financial, Inc.

How many subsidiaries does Brighthouse Financial, Inc. file with the SEC?

17, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (Delaware, Connecticut, New York, Massachusetts). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Brighthouse Financial, Inc. financially healthy?

Brighthouse Financial, Inc. scores 6 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Brighthouse Financial, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.