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General information

Country: UNITED STATES

Sector: Insurance — Life

Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. 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 provides structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements, and universal life with secondary guarantees. The company was founded in 2016 and is headquartered in Charlotte, North Carolina.
Website: brighthousefinancial.com



Growth: Good revenue growth rate 177.4%, there is acceleration compared to average historical growth rates 63.5%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of -25.8%

Profitability: LTM net profit margin is positive, +23.4%. On average the margin is improving steadily. Gross margin is low, 0.0%.

Cash Flow Generation: Dividend yield for the last twelve months 6.9%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 23.1% higher than minimum and 12.7% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued 7.6x by P / Sales multiple , the company can be >100% undervalued

Insiders: For the last 3 months insiders sold company shares on $1.1 mln (-0.014% of cap.)

Key Financials (Download financials)

Ticker: BHFAP
Share price, USD:  (-1.3%)23.79
year average price 23.61  


year start price 21.26 2023-11-29

min close price 20.80 2023-12-11

max close price 25.40 2024-09-24

current price 23.79 2024-11-27
Common stocks: 165 284 371

Dividend Yield:  6.9%
P / E LTM: 1.4x
P / E annualized: 0.8x
Last revenue growth (y/y):  +177.4%
Last growth of Net Income (y/y):  > +200.0%
Historical revenue growth:  +63.5%
Historical growth of Net Income:  +59.5%
P / Sales: 0.3x
Margin (Net Income LTM / Revenue): 23.4%
Fundamental value created in LTM:
Market Cap ($m): 3 932
Price to Book: 0.7x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP
reportedCurrency USD USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-11-08 2024-08-08 2024-05-08 2024-02-22 2023-11-08 2023-08-09 2023-05-09 2023-02-23 2022-11-08
acceptedDate 2024-11-08 16:17:41 2024-08-08 16:11:32 2024-05-08 16:09:24 2024-02-22 17:01:52 2023-11-08 16:12:21 2023-08-09 16:23:01 2023-05-09 16:10:33 2023-02-23 16:58:22 2022-11-08 16:12:14
calendarYear 2024 2024 2024 2023 2023 2023 2023 2022 2022
period Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3
revenue 2 018M 1 427M 74M 737M 1 170M 263M 1 284M 454M 1 482M
costOfRevenue 0 -215M 0 0 0 0 0 0 0
grossProfit 2 018M 1 642M 74M 737M 1 170M 263M 1 284M 454M 1 482M
grossProfitRatio 1 1.151 1 1 1 1 1 1 1
researchAndDevelopmentExpenses 0 0 0 0 0 0 0 0 0
generalAndAdministrativeExpenses 176M 171M 174M 207M 171M 185M 167M 196M 162M
sellingAndMarketingExpenses 0 0 0 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 176M 171M 174M 207M 171M 185M 167M 196M 162M
otherExpenses 1 787M -580M -620M -637M -707M -815M -2 066M 6 295M 2 350M
operatingExpenses 1 963M 580M 620M 637M -707M -630M -1 899M 6 295M 2 350M
costAndExpenses 1 963M -1 375M -650M -1 872M 580M 500M 1 937M 1 778M 2 350M
interestIncome 0 0 0 -113M 37M 0 0 0 0
interestExpense 38M 38M 38M 39M 38M 38M 38M 39M 38M
depreciationAndAmortization 0 -52M -160M 752M -627M 0 -2M -233M 361M
ebitda 186M 0 -616M -1 000 000 463M -367M -617M -1 519M -471M
ebitdaratio 0.092 -0.016 -8.324 -0.001 0.396 -1.395 -0.481 -3.346 -0.318
operatingIncome 186M 52M -616M -1 000 000 463M -367M -615M -1 286M -832M
operatingIncomeRatio 0.092 0.036 -8.324 -0.001 0.396 -1.395 -0.479 -2.833 -0.561
totalOtherIncomeExpensesNet 2M -1 413M -614M -1 174M 125M 130M -38M -38M -36M
incomeBeforeTax 188M 14M -614M -1 174M 590M -237M -653M -1 324M -868M
incomeBeforeTaxRatio 0.093 0.01 -8.297 -1.593 0.504 -0.901 -0.509 -2.916 -0.586
incomeTaxExpense 10M -20M -123M -258M 109M -62M -156M -384M -193M
netIncome 176M 34M -493M -917M 479M -175M -497M -940M -675M
netIncomeRatio 0.087 0.024 -6.662 -1.244 0.409 -0.665 -0.387 -2.07 -0.455
eps 2.9 0.15 -7.82 -14.31 6.93 -2.62 -7.37 -5.67 -4.07
epsdiluted 2.89 0.14 -7.82 -14.31 6.89 -2.62 -7.37 -5.67 -4.07
weightedAverageShsOut 61M 62M 63M 64M 65M 67M 67M 166M 166M
weightedAverageShsOutDil 61M 62M 63M 64M 66M 67M 67M 166M 166M
link Link Link Link Link Link Link Link Link Link
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Balance Sheet Statement

Property 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP
reportedCurrency USD USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-11-08 2024-08-08 2024-05-08 2024-02-22 2023-11-08 2023-08-09 2023-05-09 2023-02-23 2022-11-08
acceptedDate 2024-11-08 16:17:41 2024-08-08 16:11:32 2024-05-08 16:09:24 2024-02-22 17:01:52 2023-11-08 16:12:21 2023-08-09 16:23:01 2023-05-09 16:10:33 2023-02-23 16:58:22 2022-11-08 16:12:14
calendarYear 2024 2024 2024 2023 2023 2023 2023 2022 2022
period Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 5 630M 4 441M 3 823M 3 851M 3 839M 3 737M 3 685M 4 115M 4 793M
shortTermInvestments 83 298M 5 136M 4 638M 3 995M 76 436M 78 702M 79 071M 76 658M 76 501M
cashAndShortTermInvestments 88 928M 86 412M 85 644M 86 011M 80 275M 82 439M 82 756M 80 773M 81 294M
netReceivables 20 692M 0 20 262M 19 788M 19 097M 19 254M 18 997M 19 304M 17 895M
inventory 0 -105 065M -104 531M -105 799M -28 279M 0 0 0 0
otherCurrentAssets 0 0 30 020M 28 817M 27 245M 0 0 -1 119M 0
totalCurrentAssets 109 620M 30 817M 30 020M 28 817M 98 338M 101 693M 100 337M 98 958M 97 941M
propertyPlantEquipmentNet 0 105 657M -4 829M 189 436M -234M 0 0 0 0
goodwill 0 0 0 0 0 0 0 0 0
intangibleAssets 0 4 791M 4 829M 416M 234M 0 0 587M 0
goodwillAndIntangibleAssets 0 4 791M 4 829M 416M 234M 0 0 587M 0
longTermInvestments 35 556M 86 994M 86 827M 9 110M 81 457M 83 707M 83 965M 81 522M 81 108M
taxAssets 1 737M 2 087M 2 063M 3 414M 2 121M 1 897M 1 673M 1 618M 1 619M
otherNonCurrentAssets -37 293M 6 176M 119 939M 6 012M -81 457M -1 897M -83 965M -82 109M -81 108M
totalNonCurrentAssets 37 293M 205 705M 208 829M 208 388M 2 121M 83 707M 1 673M 1 618M 1 619M
otherAssets 98 243M 0 0 0 123 057M 46 145M 127 992M 125 140M 122 081M
totalAssets 245 156M 236 522M 238 849M 237 205M 223 516M 231 545M 230 002M 225 716M 221 641M
accountPayables 0 8 708M 0 10 323M 0 0 0 0 0
shortTermDebt 0 0 0 3 859M 0 0 0 0 0
taxPayables 28M 28M 28M 78M 31M 31M 30M 38M 18M
deferredRevenue 0 0 0 -3 859M 0 0 0 0 1 619M
otherCurrentLiabilities -28M -8 736M 3 653M -6 653M 31M 0 0 0 -1 601M
totalCurrentLiabilities 0 3 906M 3 653M 3 670M 31M 31M 30M 38M 18M
longTermDebt 3 155M 3 155M 3 155M 3 156M 3 157M 3 156M 3 157M 3 156M 3 156M
deferredRevenueNonCurrent 0 0 0 123 470M 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 1 521M 0 0 0 0 0
otherNonCurrentLiabilities -3 155M 230 049M 227 781M 100 380M 216 194M -3 156M 220 996M 216 348M 214 125M
totalNonCurrentLiabilities 239 538M 228 410M 230 936M 228 527M 219 351M 3 156M 224 153M 219 504M 215 744M
otherLiabilities 239 566M 0 0 0 0 -31M 0 647M 0
capitalLeaseObligations 0 0 0 0 0 0 0 0 0
totalLiabilities 239 566M 232 316M 234 589M 232 197M 219 382M 3 156M 224 183M 220 189M 215 762M
preferredStock 0 0 0 4 436M 0 0 0 0 0
commonStock 1 000 000 1 000 000 1 000 000 1 000 000 1 000 000 1 000 000 1 000 000 1 000 000 1 000 000
retainedEarnings -1 790M -1 966M -2 000M -1 507M -590M -1 069M -894M -637M 304M
accumulatedOtherComprehensiveIncomeLoss -4 127M -5 419M -5 413M -9 683M -7 116M -5 881M -5 288M -5 935M -6 637M
othertotalStockholdersEquity 11 441M 11 525M 11 607M 11 696M 11 774M 11 856M 11 935M 12 033M 12 146M
totalStockholdersEquity 5 525M 4 141M 4 195M 4 943M 4 069M 4 907M 5 754M 5 462M 5 814M
totalEquity 5 590M 4 206M 4 260M 5 008M 4 134M 4 972M 5 819M 5 462M 5 814M
totalLiabilitiesAndStockholdersEquity 245 156M 236 522M 238 849M 237 205M 223 516M 231 545M 230 002M 225 716M 221 641M
minorityInterest 65M 65M 65M 65M 65M 65M 65M 65M 0
totalLiabilitiesAndTotalEquity 245 156M 236 522M 238 849M 237 205M 223 516M 231 545M 230 002M 225 716M 221 641M
totalInvestments 118 854M 5 136M 4 638M 13 105M 108 660M 111 286M 111 290M 108 592M 108 504M
totalDebt 3 155M 3 155M 3 155M 3 156M 3 157M 3 156M 3 157M 3 156M 3 156M
netDebt -2 475M -1 286M -668M -695M -682M -581M -528M -959M -1 637M
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Cash Flow Statement

Property 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP BHFAP
reportedCurrency USD USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-11-08 2024-08-08 2024-05-08 2024-02-22 2023-11-08 2023-08-09 2023-05-09 2023-02-23 2022-11-08
acceptedDate 2024-11-08 16:17:41 2024-08-08 16:11:32 2024-05-08 16:09:24 2024-02-22 17:01:52 2023-11-08 16:12:21 2023-08-09 16:23:01 2023-05-09 16:10:33 2023-02-23 16:58:22 2022-11-08 16:12:14
calendarYear 2024 2024 2024 2023 2023 2023 2023 2022 2022
period Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3
netIncome 459M 34M -493M -917M 479M 0 -497M 10M 0
depreciationAndAmortization 0 0 0 0 0 0 0 -233M 0
deferredIncomeTax 0 0 0 0 0 0 0 0 0
stockBasedCompensation 0 0 0 29M 0 0 0 0 0
changeInWorkingCapital 0 0 0 -6M 0 0 0 11M -957M
accountsReceivables 0 0 0 -1 280M 0 0 0 0 0
inventory 0 0 0 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0 0 0 0
otherWorkingCapital 0 0 0 1 274M 0 0 0 0 0
otherNonCashItems -435M 300M -37M 1 046M -140M 0 -3M 0 0
netCashProvidedByOperatingActivities 24M 334M -530M 152M 339M -128M -500M -212M -957M
investmentsInPropertyPlantAndEquipment 0 0 0 48M 975M 0 0 0 0
acquisitionsNet -2M 3M -1 000 000 -48M -27M -89M -84M -123M -141M
purchasesOfInvestments 13 756M -6 907M -6 849M 2 068M -4 063M -3 405M -3 921M -2 614M -4 917M
salesMaturitiesOfInvestments -12 049M 5 825M 6 224M -2 271M 3 115M 3 032M 2 582M 3 019M 3 051M
otherInvestingActivites -1 835M -1 082M -625M -349M -985M 128M 98M -962M -570M
netCashUsedForInvestingActivites -130M -1 082M -625M -552M -985M -334M -1 325M -680M -2 577M
debtRepayment 0 0 0 -1 000 000 0 -1 000 000 0 -1 000 000 -1 000 000
commonStockIssued 0 0 0 0 0 -268M 0 0 0
commonStockRepurchased -64M -64M -62M -60M -64M -64M -62M -93M -136M
dividendsPaid -26M -25M -26M -25M -26M -25M -26M -26M -25M
otherFinancingActivites 1 321M 1 455M 1 215M 498M 838M 872M 1 483M 334M 3 418M
netCashUsedProvidedByFinancingActivities 1 295M 1 366M 1 127M 412M 748M 514M 1 395M 214M 3 256M
effectOfForexChangesOnCash 0 0 0 0 0 0 0 0 0
netChangeInCash 1 189M 618M -28M 12M 102M 52M -430M -678M -278M
cashAtEndOfPeriod 5 630M 4 441M 3 823M 3 851M 3 839M 3 737M 3 685M 4 115M 4 793M
cashAtBeginningOfPeriod 4 441M 3 823M 3 851M 3 839M 3 737M 3 685M 4 115M 4 793M 5 071M
operatingCashFlow 24M 334M -530M 152M 339M -128M -500M -212M -957M
capitalExpenditure 0 0 0 48M 975M 0 0 0 0
freeCashFlow 24M 334M -530M 200M 1 314M -128M -500M -212M -957M
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Earning call transcript

2024 q3
2024-11-08 ET (fiscal 2024 q3)
2024 q2
2024-08-08 ET (fiscal 2024 q2)
2024 q1
2024-05-08 ET (fiscal 2024 q1)
2023 q4
2024-02-13 ET (fiscal 2023 q4)
2023 q3
2023-11-08 ET (fiscal 2023 q3)
2023 q2
2023-08-09 ET (fiscal 2023 q2)
2023 q1
2023-05-09 ET (fiscal 2023 q1)

SEC forms

Show financial reports only

SEC form 10
2024-08-08 00:00 ET
Brighthouse Financial published news for 2024 q2
SEC form 10
2024-05-08 00:00 ET
Brighthouse Financial published news for 2024 q1
SEC form 10
2024-02-22 00:00 ET
Brighthouse Financial published news for 2023 q4
SEC form 8
2024-02-12 00:00 ET
Brighthouse Financial reported for 2023 q4
SEC form 8
2024-02-12 00:00 ET
Brighthouse Financial reported for 2023 q4
SEC form 8
2024-02-12 00:00 ET
Brighthouse Financial published news for 2023 q4
SEC form 10
2023-11-08 00:00 ET
Brighthouse Financial published news for 2023 q3
SEC form 10
2023-08-09 00:00 ET
Brighthouse Financial reported for 2023 q2
SEC form 8
2023-08-08 00:00 ET
Brighthouse Financial reported for 2023 q2
SEC form 10
2023-05-09 00:00 ET
Brighthouse Financial reported for 2023 q1
SEC form 8
2023-05-08 00:00 ET
Brighthouse Financial reported for 2023 q1
SEC form 8
2023-04-17 00:00 ET
Brighthouse Financial reported for 2023 q1
SEC form 10
2023-02-23 00:00 ET
Brighthouse Financial reported for 2022 q4
SEC form 8
2023-02-09 00:00 ET
Brighthouse Financial reported for 2022 q4
SEC form 10
2022-11-08 00:00 ET
Brighthouse Financial reported for 2022 q3
SEC form 8
2022-11-07 00:00 ET
Brighthouse Financial reported for 2022 q3
SEC form 10
2022-08-05 00:00 ET
Brighthouse Financial reported for 2022 q2
SEC form 8
2022-08-04 00:00 ET
Brighthouse Financial reported for 2022 q2
SEC form 10
2022-05-10 00:00 ET
Brighthouse Financial reported for 2022 q1
SEC form 8
2022-05-09 00:00 ET
Brighthouse Financial reported for 2022 q1
SEC form 10
2022-02-24 00:00 ET
Brighthouse Financial published news for 2021 q4
SEC form 8
2022-02-10 00:00 ET
Brighthouse Financial published news for 2021 q4
SEC form 10
2021-11-05 00:00 ET
Brighthouse Financial published news for 2021 q3
SEC form 8
2021-11-04 00:00 ET
Brighthouse Financial published news for 2021 q3
SEC form 10
2021-08-06 00:00 ET
Brighthouse Financial published news for 2021 q2
SEC form 8
2021-08-05 00:00 ET
Brighthouse Financial published news for 2021 q2
SEC form 10
2021-05-10 00:00 ET
Brighthouse Financial published news for 2021 q1
SEC form 8
2021-05-10 00:00 ET
Brighthouse Financial published news for 2021 q1