Brighthouse Financial, Inc. (BHF)
Brighthouse Financial, Inc. is a financial services firm specializing in annuity and life insurance offerings across the United States. Its operations are organized into three distinct business units: Annuities, Life, and Run-off. The Annuities division delivers a range of annuity products, including variable, fixed, index-linked, and income options. These are designed to help clients achieve secure, tax-advantaged wealth growth, facilitate wealth transfer, and ensure stable income streams. The Life segment issues various life insurance policies such as term, universal, whole, and variable life, catering to policyholders' desires for financial protection and efficient wealth succession. Lastly, the Run-off segment is responsible for managing a portfolio of legacy products, which encompasses structured settlements, pension risk transfer agreements, specific company-owned life insurance, funding agreements, and universal life policies bolstered by secondary guarantees. Established in 2016, the company maintains its corporate headquarters in Charlotte, North Carolina.
Sector: Life Insurance
Industry: Insurance - Life
Brighthouse Financial, Inc.
NASDAQ:BHFFinancial Services · Insurance - Life
+3.65%$42.60
CLOSED · Nov 6Prev close$41.10+3.65%Close$42.600.00%AH close$42.60
AH$42.60+0.00%vs close
Mkt Cap$2.45B
Float56.6M
O/S57.51M
VOL1.81M sh
$ Vol$77.65M
RVOL2.06×
Inst Own91.4%
SI12.1%
Dilution
Financials Summary
Revenue$6.21B
Net Income$433M
Total Assets$241.8B
Free Cash Flow-$102M
Debt & Equity
Debt 32%
Equity 68%
Total Debt$3.15B
Total Equity$6.77B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BHF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$241.8B
Liabilities$234.97B
Accounts Receivable$22.86B
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$4.57B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $6.21B | $4.37B | $3.95B | $6.63B | $3.58B | $8.27B | $6.33B | $8.67B | $6.84B | $3.06B | $8.89B | $9.45B | $8.79B |
| YoY Growth | 42.2% | 10.6% | -40.4% | 84.9% | -56.6% | 30.6% | -27.0% | 26.7% | 123.7% | -65.6% | -5.9% | 7.5% | - |
| Cost of Revenue | $1.8B | $2.36B | $3.61B | $56M | $518M | $7.57B | $5.12B | $5.4B | $4.97B | $5.44B | $4.93B | $5.72B | $0 |
| Gross Profit | $4.41B | $2.01B | $336M | $6.57B | $3.07B | $697M | $1.21B | $3.27B | $1.87B | -$2.38B | $3.96B | $3.73B | $0 |
| Gross Margin | 70.9% | 46.1% | 8.5% | 99.2% | 85.6% | 8.4% | 19.2% | 37.7% | 27.3% | -77.8% | 44.6% | 39.4% | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $693M | $730M | $647M | $665M | $627M | $620M | $534M | $463M | $501M | $576M | $0 | $0 |
| Other | $3.93B | $898M | $1.08B | $1.2B | $393M | $1.49B | $1.64B | $1.74B | $2.02B | $1.82B | $1.93B | $2.2B | $7.42B |
| Total Operating Expenses | $3.93B | $1.59B | $1.81B | $1.84B | $1.06B | $2.12B | $2.26B | $2.28B | $2.48B | $2.33B | $2.5B | $2.2B | $7.42B |
| Operating Income (EBIT) | $474M | $422M | -$1.47B | $4.73B | $2.01B | -$1.42B | -$1.05B | $989M | -$615M | -$4.71B | $1.46B | $1.53B | $1.36B |
| Operating Margin | 7.6% | 9.7% | -37.3% | 71.4% | 56.0% | -17.2% | -16.6% | 11.4% | -9.0% | -153.8% | 16.4% | 16.2% | 15.5% |
| Interest Expense | $152M | $152M | $153M | $153M | $163M | $184M | $191M | $158M | $153M | $175M | $170M | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $474M | $422M | -$1.47B | $4.73B | $2.01B | -$1.42B | -$1.05B | $989M | -$615M | -$4.71B | $1.46B | $1.53B | $1.36B |
| Income Tax Expense | $36M | $29M | -$367M | $848M | $361M | -$363M | -$317M | $119M | -$237M | -$1.77B | $343M | $369M | $333M |
| Net Income | $433M | $388M | -$1.11B | $3.88B | $1.64B | -$1.06B | -$740M | $865M | -$378M | -$2.94B | $1.12B | $1.16B | $1.03B |
| Net Income Margin | 7.0% | 8.9% | -28.2% | 58.5% | 45.8% | -12.8% | -11.7% | 10.0% | -5.5% | -96.1% | 12.6% | 12.3% | 11.7% |
| Supplementary Data | |||||||||||||
| EPS | 5.79 | 4.64 | -18.65 | 51.73 | 18.55 | -11.59 | -6.53 | 7.36 | -3.16 | -24.54 | 9.12 | 9.44 | 8.40 |
| Diluted EPS | 5.79 | 4.64 | -18.39 | 51.30 | 18.39 | -11.59 | -6.53 | 7.36 | -3.16 | -23.95 | 9.12 | 9.44 | 8.40 |
| Weighted Average OS | 57.17M | 61.60M | 63.50M | 72.97M | 77.87M | 95.35M | 112.51M | 117.53M | 119.62M | 119.77M | 119.77M | 122.72M | 122.72M |
| EBITDA | $626M | $574M | -$1.32B | $4.88B | $2.17B | -$1.24B | -$861M | $1.17B | -$445M | -$4.51B | $1.66B | $1.56B | $10.19B |
| EBITDA Margin | 10.1% | 13.1% | -33.4% | 73.7% | 60.6% | -14.9% | -13.6% | 13.4% | -6.5% | -147.5% | 18.6% | 16.5% | 116.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $5.39B | $5.04B | $3.85B | $4.12B | $4.47B | $4.11B | $2.88B | $4.14B | $1.86B | $5.23B | $1.57B | $0 |
| Short-Term Investments | $83.72B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $89.1B | $5.04B | $3.85B | $236.34B | $4.47B | $4.11B | $2.88B | $4.14B | $1.86B | $5.23B | $1.57B | $0 |
| Accounts Receivable | $22.86B | $21.13B | $19.76B | $18.55B | $16.09B | $16.16B | $14.76B | $13.7B | $13.53B | $14.65B | $18.88B | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $22.05B | $20.38B | $17.04B | $24.5B | $23.15B | $0 |
| Total Current Assets | $111.96B | $26.17B | $23.61B | $254.89B | $20.57B | $20.27B | $17.64B | $17.84B | $15.38B | $19.88B | $20.45B | $0 |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $87.57B | $0 | $64.64B | $0 | $64.58B | $85M | $60M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $4.57B | $204M | $228M | $5.08B | $5.38B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $36.91B | $203.02B | $203.73B | $193.56B | $232.69B | $221.5B | $202.89B | $181.44B | $200.59B | $193.68B | $198.08B | $0 |
| Deferred Tax Assets | $1.44B | $3.7B | $3.41B | $3.38B | $1.46B | $1.69B | $1.58B | $1.28B | $1.24B | $674M | $286M | $0 |
| Other Long-Term Assets | $86.92B | $6.17B | $6.22B | -$77.42B | $1.21B | -$81.47B | $6.73B | $7.01B | $8.21B | $8.38B | $8.14B | $0 |
| Total Long-Term Assets | $129.84B | $213.1B | $213.59B | $124.6B | $240.73B | $229.29B | $211.2B | $189.73B | $210.05B | $202.73B | $206.56B | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $241.8B | $239.27B | $237.21B | $224.85B | $261.3B | $249.56B | $228.84B | $207.57B | $225.43B | $222.6B | $227.01B | $0 |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $16M | $0 | $0 | $38M | $62M | $126M | $0 | $15M | $740M | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.39B | $0 | $0 |
| Other Current Liabilities | $91.84B | -$3.89B | -$3.67B | -$4.56B | -$6.27B | -$2M | $4.39B | $5.07B | $4.17B | $7.4B | $10.64B | $0 |
| Total Current Liabilities | $96.55B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $3.15B | $3.15B | $3.16B | $3.16B | $3.16B | $3.44B | $4.37B | $3.96B | $3.61B | $4.71B | $4.73B | $4.83B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $1.82B | $1.52B | $1.64B | $2.52B | $3.31B | $2.93B | $2.25B | $2.17B | $2.73B | $4.09B | $0 |
| Other Long-Term Liabilities | $135.26B | $229.27B | $227.52B | $215.61B | $239.42B | $224.73B | $205.3B | $187.48B | $205.07B | $200.31B | $201.35B | $0 |
| Total Long-Term Liabilities | $138.42B | $234.24B | $232.2B | $219.25B | $245.09B | $231.47B | $212.6B | $193.09B | $210.85B | $207.74B | $210.17B | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $234.97B | $234.24B | $232.2B | $219.25B | $245.09B | $231.47B | $212.6B | $193.09B | $210.85B | $207.74B | $210.17B | $0 |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $13.6B | $15.32B | $14.81B |
| Retained Earnings | -$686M | -$1.12B | -$1.51B | -$637M | -$642M | -$534M | $585M | $1.35B | $707M | $0 | $0 | $0 |
| Comprehensive Income & Other | -$3.73B | -$5.28B | -$5.25B | -$5.93B | $4.17B | $5.72B | $3.24B | $716M | $1.38B | $1.26B | $1.52B | $2.71B |
| Other Stockholders' Equity | $7.45B | $6.08B | $6.45B | $6.17B | $16.78B | $18.56B | $15.59B | $13.07B | $13.81B | $1.26B | $1.52B | $2.71B |
| Total Equity | $6.77B | $4.96B | $4.94B | $5.53B | $16.14B | $18.02B | $16.17B | $14.42B | $14.52B | $14.86B | $16.84B | $17.52B |
| Minority Interest | $65M | $65M | $65M | $65M | $65M | $65M | $65M | $65M | $65M | $0 | $0 | $0 |
| Total Liabilities and Equity | $241.74B | $239.2B | $237.14B | $224.78B | $261.23B | $249.5B | $228.77B | $207.5B | $225.37B | $222.6B | $227.01B | $17.52B |
| Supplementary Data | ||||||||||||
| Total Debt | $3.15B | $3.15B | $3.16B | $3.16B | $3.16B | $3.44B | $4.37B | $3.96B | $3.61B | $4.71B | $4.73B | $4.83B |
| Net Debt | -$2.23B | -$1.89B | -$695M | -$959M | -$1.32B | -$672M | $1.49B | -$182M | $1.75B | -$521M | $3.16B | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $433M | $388M | -$1.11B | $10M | -$103M | -$1.06B | -$735M | $870M | -$378M | -$2.94B | $1.12B | $1.16B | $1.03B |
| Depreciation & Amortization | $0 | $0 | $0 | -$233M | $0 | $0 | $0 | $18M | $17M | $17M | $26M | $32M | $40M |
| Deferred Income Tax | $0 | $0 | $0 | -$22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $22M | $23M | $21M | $21M | $40M | $0 | $0 | $8M | $7M | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $0 | -$1.45B | -$1.28B | -$3.11B | $56M | -$1.35B | -$629M | -$207M | $197M | $40M | -$394M | -$1.08B | -$48M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $1.35B | $28M | $3.64B | $2.07B | $5.75B | $3.41B | $5.2B | $3.51B | $2.01B | $5.51B | $6.94B | $2.96B |
| Total Working Capital Change | $0 | -$101M | -$1.25B | $537M | $2.13B | $4.41B | $2.78B | $4.99B | $3.71B | $2.05B | $5.12B | $5.86B | $2.91B |
| Other Non-Cash Items | -$535M | -$577M | $2.23B | -$1.54B | -$1.3B | -$2.48B | -$241M | -$2.81B | $48M | $4.61B | -$1.63B | -$1.69B | $429M |
| Net Cash from Operating | -$102M | -$290M | -$137M | -$1.23B | $746M | $888M | $1.83B | $3.06B | $3.4B | $3.74B | $4.63B | $5.36B | $4.41B |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $0 | $248M | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.34B | $0 | $3.68B | $0 |
| Acquisitions | $0 | $38M | $0 | -$562M | -$566M | -$404M | -$161M | -$83M | $1M | $214M | $193M | $361M | $0 |
| Purchases of Investments | -$183M | -$16.42B | -$10.35B | -$20.49B | -$25.79B | -$20.21B | -$21.52B | -$19.42B | -$22.63B | -$42.51B | -$45.54B | -$31.14B | $0 |
| Sales of Investments | $0 | $13.63B | $7.5B | $16.03B | $18.11B | $14.91B | $16.28B | $17.96B | $20.21B | $47.69B | $39.42B | $27.83B | $0 |
| Other Investing Activities | $347M | $561M | -$597M | -$3.26B | -$3.99B | -$140M | -$1.94B | -$2.99B | $2M | -$2.06B | -$1.11B | -$1.2B | $1.99B |
| Net Cash from Investing | $164M | -$2.19B | -$3.2B | -$8.28B | -$12.24B | -$5.84B | -$7.34B | -$4.54B | -$3.92B | $4.67B | -$7.04B | -$467M | $1.99B |
| Financing Activities | |||||||||||||
| Debt Repaid | - | $2M | $2M | $3M | $280M | $937M | -$398M | -$366M | -$778M | $26M | $60M | $1.38B | $1.01B |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.83B | $0 | $476M | $0 |
| Common Stock Repurchases | -$102M | -$250M | -$250M | -$488M | -$499M | -$473M | -$442M | -$105M | -$668M | -$634M | -$771M | -$1.73B | -$1.41B |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.8B | $0 | $0 | $0 | $0 |
| Other Financing Activities | $96M | $4.03B | $3.42B | $9.74B | $12.39B | $6.69B | $3.9B | $3.5B | -$1.16B | -$4.09B | $3.21B | -$1.56B | -$4.4B |
| Net Cash from Financing | -$108M | $3.68B | $3.07B | $9.14B | $11.86B | $6.19B | $4.25B | $3.76B | -$2.85B | -$4.75B | $2.38B | -$4.67B | -$6.82B |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2M | -$45M | -$46M |
| Net Change in Cash | -$46M | $1.19B | -$264M | -$359M | $366M | $1.23B | -$1.27B | $2.29B | -$3.37B | $3.66B | -$33M | $181M | -$462M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | -$102M | -$290M | -$137M | -$1.23B | $746M | $888M | $1.83B | $3.06B | $3.4B | $3.74B | $4.63B | $5.36B | $4.41B |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.34B | $0 | $3.68B | $0 |
| Free Cash Flow | -$102M | -$290M | -$137M | -$1.23B | $746M | $888M | $1.83B | $3.06B | $1.9B | $5.08B | $4.63B | $9.04B | $4.41B |
| Cash at Beginning | $245M | $3.85B | $4.12B | $4.47B | $4.11B | $2.88B | $4.14B | $1.86B | $5.23B | $1.57B | $1.6B | $1.42B | $1.88B |
| Cash at End | $199M | $5.04B | $3.85B | $4.12B | $4.47B | $4.11B | $2.88B | $4.14B | $1.86B | $5.23B | $1.57B | $1.6B | $1.42B |