Brighthouse Financial, Inc. (BHFAL)
Brighthouse Financial, Inc. serves as a holding entity that primarily specializes in offering life insurance and annuity products. It distributes these offerings through both independent channels and various marketing agreements established with a diverse network of partners. The company's business is organized into four distinct operational divisions: Annuities, Life, Run-Off, and Corporate & Others. The Annuities segment provides a comprehensive range of products, including fixed, structured, income-generating, and variable annuities. The Life division is responsible for developing insurance solutions tailored for its target markets, which are then distributed via an extensive independent network. The Run-Off segment encompasses a portfolio of existing business lines, such as structured settlements, pension risk transfer agreements, specific company-owned life insurance policies, funding agreements, and universal life policies that feature secondary guarantees. Meanwhile, the Corporate & Other segment manages the company's general account investments and its separate account assets. This organization was established in June 1863 and has its main office situated in Charlotte, North Carolina.
Sector: Life Insurance
Industry: Insurance - Life
Brighthouse Financial, Inc.
+1.52%$15.36
CLOSED · Nov 6Prev close$15.13+1.52%Close$15.36
Mkt Cap$883.39M
Float-
O/S57.51M
VOL22K sh
$ Vol$341K
RVOL0.54×
Inst Own-
SI<0.1%
Div Yield10.17%
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 BHFAL'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 |