Risk factors
Brighthouse Financial (BHF) risk factors
Item 1A of every Brighthouse Financial, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors21 risks3 new3 dropped2 reworded
Brighthouse Financial added risks covering third-party cost increases, tax asset realizations, statutory capital fluctuations, and AI-enabled cyberattacks.
Filed Feb 24, 2026 - FY2024 10-K risk factors21 risks
Brighthouse Financial faces significant risk from variable and Shield annuity guarantees and associated hedging costs and market sensitivities. The company depends heavily on insurance subsidiary dividends, third-party distribution channels, and adequate reinsurance. Investment portfolio risks include mortgage loan defaults, interest rate fluctuations, and macroeconomic volatility.
Filed Feb 28, 2025