BHFAN: the cash flow

Cash Flow Overview

Unit: Million (M) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2026-06-30

2026-03-31

2025-12-31

2025-09-30

Net income (loss)

438

Amortization of premiums and accretion of discounts associated with investments, net

320

(gains) losses on investments, net

-51

(gains) losses on derivatives, net

1,357

(income) loss from equity method investments, net of dividends and distributions

Interest credited to policyholder account balances

2,188

Universal life and investment-type product policy fees

2,161

Change in market risk benefits, net

-209

Change in accrued investment income

-142

Change in premiums, reinsurance and other receivables

400

Change in deferred policy acquisition costs and value of business acquired, net

-143

Change in income tax

Change in other assets

-1,143

Change in future policy benefits and other policy-related balances

-295

Change in other liabilities

420

Other, net

Net cash provided by (used in) operating activities

-431

-221

-3

262

Sales, maturities and repayments of fixed maturity securities

3,628

3,427

3,162

9,560

Sales, maturities and repayments of trading securities

Sales, maturities and repayments of equity securities

Sales, maturities and repayments of mortgage loans

731

825

894

1,650

Sales, maturities and repayments of limited partnerships and limited liability companies

178

392

Purchases of fixed maturity securities

2,916

3,454

3,639

8,716

Purchases of trading securities

198

Purchases of equity securities

Purchases of mortgage loans

800

664

799

1,364

Purchases of limited partnerships and limited liability companies

216

Cash received in connection with freestanding derivatives

5,665

4,754

4,687

12,123

Cash paid in connection with freestanding derivatives

6,675

5,313

5,318

12,945

Net change in policy loans

-4

-585

Net change in short-term investments

-284

411

-1,123

Net change in other invested assets

-1

-5

-10

Other, net

Net cash provided by (used in) investing activities

-97

-485

-1,296

2,047

Policyholder account balances deposits

7,049

6,986

5,598

14,589

Policyholder account balances withdrawals

6,516

6,700

5,778

15,225

Net change in payables for collateral under securities loaned and other transactions

2,120

-44

358

456

Long-term debt repaid

Dividends on preferred stock

Treasury stock acquired in connection with share repurchases

102

Financing element on certain derivative instruments and other derivative related transactions, net

-101

-24

371

Other, net

-3

-13

-17

Net cash provided by (used in) financing activities

2,726

226

-748

Change in cash, cash equivalents and restricted cash

2,198

-480

-1,219

1,561

Cash, cash equivalents and restricted cash, beginning of period

4,907

5,387

6,606

5,045

Cash, cash equivalents and restricted cash, end of period

7,105

4,907

5,387

6,606

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow Overview

Unit: Million (M) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2026-06-30

2026-03-31

2025-12-31

2025-09-30

Net income (loss)

438

Amortization of premiums and accretion of discounts associated with investments, net

320

(gains) losses on investments, net

-51

(gains) losses on derivatives, net

1,357

(income) loss from equity method investments, net of dividends and distributions

Interest credited to policyholder account balances

2,188

Universal life and investment-type product policy fees

2,161

Change in market risk benefits, net

-209

Change in accrued investment income

-142

Change in premiums, reinsurance and other receivables

400

Change in deferred policy acquisition costs and value of business acquired, net

-143

Change in income tax

Change in other assets

-1,143

Change in future policy benefits and other policy-related balances

-295

Change in other liabilities

420

Other, net

Net cash provided by (used in) operating activities

-431

-221

-3

262

Sales, maturities and repayments of fixed maturity securities

3,628

3,427

3,162

9,560

Sales, maturities and repayments of trading securities

Sales, maturities and repayments of equity securities

Sales, maturities and repayments of mortgage loans

731

825

894

1,650

Sales, maturities and repayments of limited partnerships and limited liability companies

178

392

Purchases of fixed maturity securities

2,916

3,454

3,639

8,716

Purchases of trading securities

198

Purchases of equity securities

Purchases of mortgage loans

800

664

799

1,364

Purchases of limited partnerships and limited liability companies

216

Cash received in connection with freestanding derivatives

5,665

4,754

4,687

12,123

Cash paid in connection with freestanding derivatives

6,675

5,313

5,318

12,945

Net change in policy loans

-4

-585

Net change in short-term investments

-284

411

-1,123

Net change in other invested assets

-1

-5

-10

Other, net

Net cash provided by (used in) investing activities

-97

-485

-1,296

2,047

Policyholder account balances deposits

7,049

6,986

5,598

14,589

Policyholder account balances withdrawals

6,516

6,700

5,778

15,225

Net change in payables for collateral under securities loaned and other transactions

2,120

-44

358

456

Long-term debt repaid

Dividends on preferred stock

Treasury stock acquired in connection with share repurchases

102

Financing element on certain derivative instruments and other derivative related transactions, net

-101

-24

371

Other, net

-3

-13

-17

Net cash provided by (used in) financing activities

2,726

226

-748

Change in cash, cash equivalents and restricted cash

2,198

-480

-1,219

1,561

Cash, cash equivalents and restricted cash, beginning of period

4,907

5,387

6,606

5,045

Cash, cash equivalents and restricted cash, end of period

7,105

4,907

5,387

6,606

Time Plot

Show the time plot by selecting a row from the table.