Brighthouse Financial, Inc. (BHF)
Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. The company operates through Annuities, Life, and Run-off segments. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security. The Life segment provides term, universal, whole, and variable life products for policyholders' needs for financial security and protected wealth transfer. The Run-off segment manages universal life with secondary guarantees, structured settlements, pension risk transfer contracts, various company-owned life insurance policies, and funding agreements. Brighthouse Financial, Inc. was founded in 1863 and is headquartered in Charlotte, North Carolina.
- Symbol
- BHF
- Exchange
- Nasdaq
- Sector
- Financial Services
- Industry
- Insurance - Life
- Market cap
- $2.99B
- 52 week range
- 44.51 - 66.8
Valuation
- Share price
- $51.99 (close of 2026-09-23)
- P/E (TTM)
- 4.14x
- Price to book
- 0.45x
- Price to free cash flow
- -5.56x
- Enterprise value
- $-961.15M
- Book value per share
- $115.03
Price performance
| Period | Change |
|---|
| 1 day | +4.31% |
| 5 days | +6.10% |
| 1 month | -0.54% |
| 3 months | -18.14% |
| 6 months | -13.57% |
| Year to date | -19.76% |
| 1 year | -2.86% |
| 3 years | +9.80% |
| 5 years | +20.05% |
| All time | -25.73% |
Profitability and growth
- Return on equity
- 6.34%
- Return on assets
- 0.18%
- Net margin
- 6.40%
- EBITDA margin
- 9.18%
- Revenue growth
- 43.23%
- Net income growth
- 11.60%
- Free cash flow growth
- 189.31%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -17.99%
- Net debt to EBITDA
- -3.52x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $6.77B
- EBITDA
- $621.00M
- Net income
- $433.00M
- Earnings per share
- $5.75
- Interest expense
- $152.00M
- Shares outstanding
- 57.53M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | $6.77B | $433.00M | $5.75 |
| 2024-12-31 | $4.72B | $388.00M | $4.67 |
| 2023-12-31 | $4.12B | $-1.11B | $-18.39 |
| 2022-12-31 | $6.87B | $3.88B | $51.73 |
| 2021-12-31 | $4.98B | $1.64B | $18.54 |
| 2020-12-31 | $8.50B | $-1.06B | $-11.58 |
| 2019-12-31 | $6.55B | $-740.00M | $-6.76 |
| 2018-12-31 | $8.96B | $865.00M | $7.24 |
| 2017-12-31 | $6.84B | $-378.00M | $-3.16 |
| 2016-12-31 | $3.02B | $-2.94B | $-24.54 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|
| 2025-12-31 | 6.40% | 6.34% |
| 2024-12-31 | 8.21% | 7.72% |
| 2023-12-31 | -27.01% | -22.20% |
| 2022-12-31 | 56.44% | 69.29% |
| 2021-12-31 | 33.02% | 19.44% |
| 2020-12-31 | -12.48% | -5.87% |
| 2019-12-31 | -11.29% | -4.56% |
| 2018-12-31 | 9.65% | 5.97% |
| 2017-12-31 | -5.52% | -2.59% |
| 2016-12-31 | -97.38% | -19.78% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $5.39B | $3.15B |
| 2024-12-31 | $6.91B | $3.15B |
| 2023-12-31 | $5.02B | $3.16B |
| 2022-12-31 | $5.20B | $3.16B |
| 2021-12-31 | $6.32B | $3.16B |
| 2020-12-31 | $7.35B | $3.44B |
| 2019-12-31 | $4.83B | $4.37B |
| 2018-12-31 | $4.14B | $3.96B |
| 2017-12-31 | $2.17B | $3.61B |
| 2016-12-31 | $6.52B | $1.91B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $259.00M | $42.00M |
| 2024-12-31 | $-290.00M | $23.00M |
| 2023-12-31 | $-137.00M | $29.00M |
| 2022-12-31 | $-1.23B | $22.00M |
| 2021-12-31 | $641.00M | $23.00M |
| 2020-12-31 | $888.00M | $21.00M |
| 2019-12-31 | $1.83B | $21.00M |
| 2018-12-31 | $3.06B | - |
| 2017-12-31 | $3.40B | - |
| 2016-12-31 | $3.74B | - |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $5.07
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $4.98 |
| 2026-05-06 | - | - |
| 2026-02-23 | - | - |
| 2026-02-17 | - | - |
| 2026-02-10 | - | - |
| 2025-11-06 | - | - |
| 2025-08-07 | - | - |
| 2025-05-08 | - | - |
Filings and sources
- Company website
- brighthousefinancial.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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