Brighthouse Financial : Quarterly Statement (3feaec)

Published: 2026-05-14 12:30:11 ET BHF

Published on 05/14/2026 at 12:30 pm EDT

QUARTERLY STATEMENT

OF THE

NEW ENGLAND LIFE INSURANCE COMPANY

OF THE STATE OF

MASSACHUSETTS

TO THE INSURANCE DEPARTMENT

OF THE STATE OF

FOR THE QUARTER

ENDED MARCH 31, 2026

LIFE AND ACCIDENT AND HEALTH COMPANIES- ASSOCIATION EDITION

91626202620100101

AS OF MARCH 31, 2026

OF THE CONDITION AND AFFAIRS OF THE

NAIC Group Code 4932 4932 NAIC Company Code 91626 Employer's ID Number 04-2708937

(Current) (Prior)

Organized under the Laws of Massachusetts State of Domicile or Port of Entry Massachusetts

Country of Domicile United States of America

Incorporated/Organized 09/12/1980 Commenced Business 12/30/1980

Statutory Home Office 155 Federal Street, Suite 700 Boston, MA 02110 (Street and Number) (City or Town, State and Zip Code)

Main Administrative Office 11225 North Community House Road

(Street and Number)

Charlotte, NC, 28277 800-882-1292 (City or Town, State and Zip Code) (Area Code) (Telephone Number)

Mail Address 11225 North Community House Road Charlotte, NC 28277 (Street and Number or P.O. Box) (City or Town, State and Zip Code)

Primary Location of Books and Records 11225 North Community House Road

(Street and Number)

Charlotte, NC 28277 980-949-4100 (City or Town, State and Zip Code) (Area Code) (Telephone Number)

Internet Web Site Address https://www.brighthousefinancial.com

Statutory Statement Contact Timothy Lashoan Shaw 980-949-4100 (Name) (Area Code) (Telephone Number)

[email protected] 813-615-9468 (Email Address) (Fax Number)

Chairman, President and Chief Executive Officer

TARA JEAN FIGARD

Vice President and

Secretary ALLIE nmn LIN #

Vice President and Chief

Financial Officer GIANNA HELENE FIGARO-STERLING

Vice President and

Treasurer JANET MARIE MORGAN

CRAIG ANTHONY MICHAUD

Appointed Actuary

DIRECTORS OR TRUSTEES

ABBY ELIZABETH CHRISTMAS

LINDSEY MICHELLE COX

RACHEL MICHELLE D'ANNA

LAUREN BRISBY DAVIS

TARA JEAN FIGARD

MELISSA BUSH PAVLOVICH

JAMES LEWIS PAINTER

State of Florida County of Pasco

} SS

The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions there from for the period ended, and have been completed in accordance with the NAIC Quarterly Statement Instructions and Accounting Practices and Procedures manual except to the extent that; (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic filing with the NAIC, when required, that is an exact copy (except for formatting differences due to electronic filing) of the enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition to the enclosed statement.

TARA JEAN FIGARD RGAN

JANET MARIE MO

Chairman, President and Vice President and Treasurer

Chief Executive Officer

Subscribed and sworn to before me this

Notary for Figard & Morgan

15th day of April , 2026.

Is this an original filing? Yes [X] No [ ]

If no,

State the amendment number

Date filed

Number of pages attached

Current Statement Date

December 31 Prior Year Net Admitted Assets

Assets

Nonadmitted Assets

Net Admitted Assets (Cols. 1 - 2)

Bonds .............................................................................................................

Stocks:

Preferred stocks .......................................................................................

Common stocks .......................................................................................

Mortgage loans on real estate:

First liens ..................................................................................................

Other than first liens..................................................................................

Real estate:

Properties occupied by the company (less $ 0

encumbrances) .......................................................................................

Properties held for the production of income (less

$ .................................0 encumbrances) .......................................

Properties held for sale (less $ 0

encumbrances) .......................................................................................

Cash ($ ................. 55,931,688 ), cash equivalents ($ .................................0 ) and short-term

investments ($ .................................0 ) .................................................

Contract loans (including $ .................................0 premium notes) ......

Derivatives .....................................................................................................

Other invested assets ....................................................................................

Receivables for securities ..............................................................................

Securities lending reinvested collateral assets ..............................................

Aggregate write-ins for invested assets .........................................................

Subtotals, cash and invested assets (Lines 1 to 11) .....................................

Title plants less $ .................................0 charged off (for Title insurers only) ..............................................................................................................

Investment income due and accrued .............................................................

Premiums and considerations:

Uncollected premiums and agents' balances in the course of collection

Deferred premiums, agents' balances and installments booked but deferred and not yet due (including $ 0

earned but unbilled premiums) ............................................................

Accrued retrospective premiums ($ .................................0 ) and

contracts subject to redetermination ($ .................................0 ) .......

Reinsurance:

Amounts recoverable from reinsurers ....................................................

Funds held by or deposited with reinsured companies ..........................

Other amounts receivable under reinsurance contracts ........................

Amounts receivable relating to uninsured plans ............................................

Current federal and foreign income tax recoverable and interest thereon ....

Net deferred tax asset ...................................................................................

Guaranty funds receivable or on deposit ......................................................

Electronic data processing equipment and software .....................................

Furniture and equipment, including health care delivery assets

($ .................................0 ) ................................................................

Net adjustment in assets and liabilities due to foreign exchange rates .........

Receivables from parent, subsidiaries and affiliates .....................................

Health care ($ .................................0 ) and other amounts receivable ......

Aggregate write-ins for other than invested assets ........................................

Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25) .....................................................

From Separate Accounts, Segregated Accounts and Protected Cell Accounts ......................................................................................................

Total (Lines 26 and 27)

. 949,954,954

. 0

. 949,954,954

. 959,912,361

. 4,818,969

. 0

. 4,818,969

. 4,825,000

. 0

. 25,150,560

. 0

. 25,150,560

. 28,310,985

. 0

. 55,931,688

. 0

. 55,931,688

. 32,912,455

. 399,016,449

. 0

. 399,016,449

. 402,482,811

. 7,137,470

. 0

. 7,137,470

. 7,715,943

. 15,925,817

. 0

. 15,925,817

. 15,858,437

. 1,175,209

. 0

. 1,175,209

. 3,511,562

. 0

. 58,330

. 0

. 58,330

. 1,459,169,446

. 0

. 1,459,169,446

. 1,455,587,884

. 0

. 17,009,726

. 0

. 17,009,726

. 16,040,836

. 3,838,234

. 5,693

. 3,832,541

. 3,721,534

. 2,587,265

. 0

. 2,587,265

. 2,911,374

. 0

. 24,659,488

. 0

. 24,659,488

. 24,621,827

. 0

. 13,282,328

. 0

. 13,282,328

. 13,734,387

. 0

. 48,065,526

. 32,875,444

. 15,190,082

. 15,404,506

. 901,567

. 0

. 901,567

. 904,351

. 0

. 3,122,644

. 0

. 3,122,644

. 2,770,003

. 0

. 10,002,746

. 9,504,385

. 498,361

. 638,081

. 1,582,638,970

. 42,385,522

. 1,540,253,448

. 1,536,334,783

. 6,269,927,452

. 0

. 6,269,927,452

. 6,703,852,571

7,852,566,422

42,385,522

7,810,180,900

8,240,187,354

DETAILS OF WRITE-INS

1101. Deposits in connection with investments .................................................

. 58,330

. 0

. 58,330

1102. ......................................................................................................................

....................................

1103. ......................................................................................................................

....................................

1198. Summary of remaining write-ins for Line 11 from overflow page ...................

. 0

1199. Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)

58,330

2501. Miscellaneous ...............................................................................................

. 509,257

. 11,396

. 497,861

. 637,581

2502. Receivable from third party administrator ...............................................

. 500

. 0

. 500

2503. Prepaid pension asset .................................................................................

. 6,806,000

. 0

2598. Summary of remaining write-ins for Line 25 from overflow page ...................

. 2,686,989

. 0

2599. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

10,002,746

9,504,385

498,361

638,081

Aggregate reserve for life contracts $ ............... 951,986,525 less $ .................................0 included in Line 6.3 (including $ .................................0 Modco Reserve) ..........................................................................................................

Aggregate reserve for accident and health contracts (including $ .................................0 Modco Reserve) .......................

Liability for deposit-type contracts (including $ .................................0 Modco Reserve)....................................................

Contract claims:

Life ......................................................................................................................................................................................

Accident and health ............................................................................................................................................................

Policyholders' dividends/refunds to members $ .................................0 and coupons $ .................................0 due

and unpaid ................................................................................................................................................................................

Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:

Policyholders' dividends and refunds to members apportioned for payment (including $ 0

Modco) ...............................................................................................................................................................................

Policyholders' dividends and refunds to members not yet apportioned (including $ ............................... 0 Modco) ....

Coupons and similar benefits (including $ ............................... 0 Modco) ..................................................................

Amount provisionally held for deferred dividend policies not included in Line 6 .......................................................................

Premiums and annuity considerations for life and accident and health contracts received in advance less

$ .................................0 discount; including $ ........................ 93,997 accident and health premiums .........................

Contract liabilities not included elsewhere:

Surrender values on canceled contracts ............................................................................................................................

Provision for experience rating refunds, including the liability of $ .................................0 accident and health experience rating refunds of which $ .................................0 is for medical loss ratio rebate per the Public Health Service Act .......................................................................................................................................................................

Other amounts payable on reinsurance, including $ .................................0 assumed and $ 30,909,728

ceded .................................................................................................................................................................................

Interest Maintenance Reserve ............................................................................................................................................

Commissions to agents due or accrued-life and annuity contracts $ ...................... 167,050 , accident and health

$ .................................0 and deposit-type contract funds $ .................................0 ..................................................

Commissions and expense allowances payable on reinsurance assumed ..............................................................................

General expenses due or accrued ............................................................................................................................................

Transfers to Separate Accounts due or accrued (net) (including $ (2,197,655) accrued for expense

allowances recognized in reserves, net of reinsured allowances) ..........................................................................................

Taxes, licenses and fees due or accrued, excluding federal income taxes ..............................................................................

Current federal and foreign income taxes, including $ .....................(222,073) on realized capital gains (losses) ..............

Net deferred tax liability .............................................................................................................................................................

Unearned investment income ...................................................................................................................................................

Amounts withheld or retained by reporting entity as agent or trustee .......................................................................................

Amounts held for agents' account, including $ .................................0 agents' credit balances ...........................................

Remittances and items not allocated ........................................................................................................................................

Net adjustment in assets and liabilities due to foreign exchange rates ....................................................................................

Liability for benefits for employees and agents if not included above .......................................................................................

Borrowed money $ .................................0 and interest thereon $ .................................0 ...........................................

Dividends to stockholders declared and unpaid .......................................................................................................................

Miscellaneous liabilities:

Asset valuation reserve ...................................................................................................................................................

Reinsurance in unauthorized and certified ($ .................................0 ) companies .......................................................

Funds held under reinsurance treaties with unauthorized and certified ($ .................................0 ) reinsurers .........

Payable to parent, subsidiaries and affiliates ..................................................................................................................

Drafts outstanding ...........................................................................................................................................................

Liability for amounts held under uninsured plans ............................................................................................................

Funds held under coinsurance ........................................................................................................................................

Derivatives ......................................................................................................................................................................

Payable for securities ......................................................................................................................................................

24.10 Payable for securities lending .........................................................................................................................................

24.11 Capital notes $ .................................0 and interest thereon $ .................................0 ...........................................

Aggregate write-ins for liabilities ...............................................................................................................................................

Total liabilities excluding Separate Accounts business (Lines 1 to 25) .....................................................................................

From Separate Accounts Statement .........................................................................................................................................

Total liabilities (Lines 26 and 27) ...............................................................................................................................................

Common capital stock ...............................................................................................................................................................

Preferred capital stock ..............................................................................................................................................................

Aggregate write-ins for other than special surplus funds ..........................................................................................................

Surplus notes ............................................................................................................................................................................

Gross paid in and contributed surplus .......................................................................................................................................

Aggregate write-ins for special surplus funds ...........................................................................................................................

Unassigned funds (surplus) ......................................................................................................................................................

Less treasury stock, at cost:

.................................0 shares common (value included in Line 29 $ .................................0 ) ...............................

.................................0 shares preferred (value included in Line 30 $ .................................0 ) .............................

Surplus (Total Lines 31+32+33+34+35-36) (including $ .................................0 in Separate Accounts Statement) ..............

Totals of Lines 29, 30 and 37 ...................................................................................................................................................

Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)

Current Statement Date

December 31 Prior Year

. 951,986,525

. 3,928,596

. 7,709,748

. 961,044,805

. 4,186,783

. 7,593,143

. 42,676,959

. 38,854

. 41,297,873

. 39,793

. 0

. 2,086,253

. 0

. 2,113,226

. 0

. 269,466

. 302,851

. 0

. 30,909,728

. 609,015

. 37,801,305

. 1,252,881

. 167,050

. 0

. 13,510,494

. 180,833

. 0

. 12,670,554

. (2,699,209)

. 1,697,961

. 8,815,057

. 0

. 54,731,248

. 0

. 1,582,098

. 0

. 52,698,259

. 0

. (2,733,510)

. 1,799,170

. 5,226,329

. 0

. 57,280,727

. 0

. 1,283,484

. 0

. 52,115,283

. 0

. 9,888,297

. 0

. 17,690,553

. 6,729,054

. 0

. 21,208,629

. 0

40,827,712

. 9,474,893

. 0

. 19,236,569

. 6,391,615

. 0

. 22,234,304

. 0

42,996,832

1,267,062,347

1,283,789,743

. 6,269,927,452

7,536,989,799

. 6,703,852,571

7,987,642,314

. 2,500,000

. 0

. 2,000,000

. 0

. 268,691,101

. 2,500,000

. 0

. 2,000,000

. 0

. 248,045,040

. 0

270,691,101

. 0

250,045,040

273,191,101

252,545,040

7,810,180,900

8,240,187,354

DETAILS OF WRITE-INS

2501.

Miscellaneous ...........................................................................................................................................................................

. 17,434,563

. 17,385,505

2502.

Postretirement benefit liability ..........................................................................................................................................

. 17,008,822

. 18,737,000

2503.

Cash collateral received on derivatives ...............................................................................................................................

. 6,384,327

. 6,874,327

2598.

Summary of remaining write-ins for Line 25 from overflow page ..............................................................................................

. 0

2599.

Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

40,827,712

42,996,832

3101.

3102.

3103.

3198.

3199.

...................................................................................................................................................................................................

Summary of remaining write-ins for Line 31 from overflow page .............................................................................................. Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)

....................................

. 0

....................................

. 0

3401.

3402.

3403.

3498.

3499.

...................................................................................................................................................................................................

Summary of remaining write-ins for Line 34 from overflow page .............................................................................................. Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)

....................................

. 0

....................................

. 0

Premiums and annuity considerations for life and accident and health contracts ...............................

Considerations for supplementary contracts with life contingencies.....................................................

Net investment income ........................................................................................................................

Amortization of Interest Maintenance Reserve (IMR) ..........................................................................

Separate Accounts net gain from operations excluding unrealized gains or losses ............................

Commissions and expense allowances on reinsurance ceded ...........................................................

Reserve adjustments on reinsurance ceded ........................................................................................

Miscellaneous Income:

Income from fees associated with investment management, administration and contract guarantees from Separate Accounts.............................................................................................

Charges and fees for deposit-type contracts .................................................................................

Aggregate write-ins for miscellaneous income ..............................................................................

Totals (Lines 1 to 8.3) ..........................................................................................................................

Death benefits ......................................................................................................................................

Matured endowments (excluding guaranteed annual pure endowments) ...........................................

Annuity benefits ....................................................................................................................................

Disability benefits and benefits under accident and health contracts ..................................................

Coupons, guaranteed annual pure endowments and similar benefits .................................................

Surrender benefits and withdrawals for life contracts ..........................................................................

Group conversions ...............................................................................................................................

Interest and adjustments on contract or deposit-type contract funds ...................................................

Payments on supplementary contracts with life contingencies ............................................................

Increase in aggregate reserves for life and accident and health contracts ..........................................

Totals (Lines 10 to 19) .........................................................................................................................

Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) ....................................................................................................................................

Commissions and expense allowances on reinsurance assumed ......................................................

General insurance expenses and fraternal expenses ..........................................................................

Insurance taxes, licenses and fees, excluding federal income taxes ...................................................

Increase in loading on deferred and uncollected premiums ................................................................

Net transfers to or (from) Separate Accounts net of reinsurance ........................................................

Aggregate write-ins for deductions .......................................................................................................

Totals (Lines 20 to 27) .........................................................................................................................

Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28) ..............................................................................................................................................

Dividends to policyholders and refunds to members ...........................................................................

Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) ...............................................................................................

Federal and foreign income taxes incurred (excluding tax on capital gains) .......................................

Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital gains or (losses) (Line 31 minus Line 32) .....................................

Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of $ ........................ 34,144 (excluding taxes of $ (256,217)

transferred to the IMR) .........................................................................................................................

Net income (Line 33 plus Line 34) .......................................................................................................

CAPITAL AND SURPLUS ACCOUNT

Capital and surplus, December 31, prior year ......................................................................................

Net income (Line 35) ............................................................................................................................

Change in net unrealized capital gains (losses) less capital gains tax of $ 15,403

Change in net unrealized foreign exchange capital gain (loss) ............................................................

Change in net deferred income tax ......................................................................................................

Change in nonadmitted assets ............................................................................................................

Change in liability for reinsurance in unauthorized and certified companies .......................................

Change in reserve on account of change in valuation basis, (increase) or decrease ..........................

Change in asset valuation reserve .......................................................................................................

Change in treasury stock .....................................................................................................................

Surplus (contributed to) withdrawn from Separate Accounts during period .........................................

Other changes in surplus in Separate Accounts Statement ................................................................

Change in surplus notes ......................................................................................................................

Cumulative effect of changes in accounting principles ........................................................................

Capital changes:

Paid in ..........................................................................................................................................

Transferred from surplus (stock dividend) ...................................................................................

Transferred to surplus ..................................................................................................................

Surplus adjustment:

Paid in ..........................................................................................................................................

Transferred to capital (stock dividend) .........................................................................................

Transferred from capital ...............................................................................................................

Change in surplus as a result of reinsurance ...............................................................................

Dividends to stockholders ....................................................................................................................

Aggregate write-ins for gains and losses in surplus .............................................................................

Net change in capital and surplus for the year (Lines 37 through 53) ..................................................

Capital and surplus, as of statement date (Lines 36 + 54)

Current Year To Date

Prior Year To Date

Prior Year Ended December 31

. 18,709,423

. (127,188)

. 14,477,318

. (319,999)

. 0

. 1,972,311

. (84,954,115)

. 20,899,175

. 0

8,975,073

. 19,385,464

. (199,395)

. 16,521,727

. 31,882

. 0

. 1,935,603

. (69,335,439)

. 21,980,836

. 0

9,316,394

. 77,292,688

. 611,664

. 63,858,130

. 192,994

. 0

. 7,899,984

. (286,362,475)

. 82,902,249

. 0

37,101,534

(20,368,002)

(362,928)

(16,503,232)

. 33,602,623

. (171,373)

. 2,936,856

. 421,188

. 0

. 99,164,756

. 0

. 124,995

. 1,387,533

(9,316,467)

. 47,493,598

. 0

. 1,739,223

. 447,506

. 0

. 106,876,870

. 0

. 449,862

. 1,867,129

(4,230,386)

. 207,972,276

. 0

. 7,057,074

. 1,749,205

. 0

. 405,063,051

. 0

. 2,440,496

. 7,706,588

(33,778,366)

. 128,150,111

. 700,826

. 0

. 5,786,407

. 1,151,018

. (131,829)

. (185,500,894)

407,332

. 154,643,802

. 631,401

. 0

. 7,662,246

. 924,434

. (2,515,795)

. (186,039,498)

666,191

. 598,210,324

. 2,477,861

. 0

. 37,839,392

. 3,260,459

. (2,518,705)

. (717,748,259)

2,193,270

(49,437,029)

(24,027,219)

(76,285,658)

. 29,069,027

578,814

. 23,664,291

679,797

. 59,782,426

2,870,069

. 28,490,213

3,810,801

. 22,984,494

2,554,943

. 56,912,357

6,553,508

. 24,679,412

(10,573)

. 20,429,551

(126,715)

. 50,358,849

(187,270)

24,668,839

20,302,836

50,171,579

252,545,040

205,861,320

. 24,668,839

. 197,063

. (139,115)

. (824,006)

. 875,302

. 0

. (413,404)

. 0

. (769,973)

. 0

(2,948,645)

. 20,302,836

. 205,443

. 11,704

. (796,131)

. 512,754

. 0

. (391,866)

. 0

. (769,973)

. 0

580,636

. 50,171,579

. (2,522,834)

. 2,017,370

. (1,022,594)

. (1,565,931)

. 0

. 356,148

. 0

. (3,079,890)

. 0

2,329,872

20,646,061

19,655,403

46,683,720

273,191,101

225,516,723

252,545,040

DETAILS OF WRITE-INS

Management and service fee income ....................................................................................................

Stop loss reinsurance fee income ......................................................................................................

Miscellaneous ......................................................................................................................................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page ........................................................

08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

. 5,854,342

. 2,827,064

. 293,667

. 0

8,975,073

. 5,925,396

. 3,254,828

. 136,170

. 0

9,316,394

. 23,804,301

. 12,432,689

. 864,544

. 0

37,101,534

2701. Interest credited to reinsurers ........................................................................................................

2702. Other deductions .................................................................................................................................

2703. ..............................................................................................................................................................

2798. Summary of remaining write-ins for Line 27 from overflow page ......................................................... 2799. Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)

. 408,058

. (726)

....................................

. 0

407,332

. 666,191

. 0

....................................

. 0

666,191

. 2,193,270

. 0

....................................

. 0

2,193,270

5301. Policy charge correction ....................................................................................................................

5302. Net gain (loss) on pension and postretirement benefit plans ....................................................... 5303. Miscellaneous ......................................................................................................................................

5398. Summary of remaining write-ins for Line 53 from overflow page ......................................................... 5399. Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)

. (3,600,000)

. 651,355

. 0

(2,948,645)

. 0

. 663,505

. (82,869)

. 0

580,636

. 0

. 2,495,610

. (165,738)

. 0

2,329,872

Disclaimer

Brighthouse Financial Inc. published this content on May 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 14, 2026 at 16:29 UTC.