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Brighthouse Financial, Inc.

BHF Financial Insurance Life

Brighthouse Financial, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.8 billion, up 43.2% from fiscal 2024.

Revenue
−53.0%
EPS
−34.0%
Free cash flow
−506.8%
Total debt
−0.06%

Quarter to September 2026, against a year earlier

41.05 1.40 −3.30%
Market cap
$2.4B
P/E
4.2×
Fwd P/E
3.4×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.50%

Capital & Financial Ratios $m

Size
Market Cap 2,360.00
Revenue ttm 5,691.00
Net income ttm 438.00
Free cash flow ttm (1,131.00)
Net debt Q (5,374.00)
Valuation
P/E 4.17
Forward P/E 3.36
Price / sales 0.42
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.47
Financial health
Current ratio Q 0.94
Debt / equity Q 0.62
Interest coverage Q —
Growth
Revenue growth Q −53.03% (below 0%: shrinking)
Operating income growth Q −30.94% (below 0%: shrinking)
EPS, this year −34.02% (below 0%: weak)
EPS, next year A +4.14%
Revenue, next year A +27.74% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −12.35% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 44.91%
10-year low 10-year high
P/S against its own 10 years 12.82%
10-year low 10-year high
P/B against its own 10 years 54.32%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3,851 5,045 5,387 8,527
Receivables 19,761 21,126 21,579 20,262
Inventory — — — —
Other — — — —
23,612 26,171 26,966 28,789
2022 2023 2024 Q'26
Payables 31,497 32,569 31,475 30,778
ST’ Debt — — — —
Other — — — —
31,497 32,569 31,475 30,778

Compound Annual Growth %

10y 5y 3y
Sales (2.69%) (4.47%) (0.52%)
Cash Flow (25.05%) (21.84%) 0.00%
Earnings (11.47%) 0.00% (55.57%)
Book Value 0.00% (17.69%) 6.87%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 4.98 Actual 4.45

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 5.09 4.54 Miss by 0.55
Q4 FY25 5.19 3.93 Miss by 1.26
Q1 FY26 4.75 4.35 Miss by 0.40
Q2 FY26 4.98 4.45 Miss by 0.53
Q3 FY26 5.03 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (13.82) 16.53 5.21 — —
’25 (5.04) 1.02 7.89 1.93 5.71
’24 (8.22) 0.12 2.47 10.79 4.64
’23 (7.72) (3.01) 6.89 (14.70) (18.39)
’22 20.48 23.28 5.77 (14.01) 52.79
’21 (6.96) 0.11 4.34 21.18 19.51
’20 47.11 (21.10) (32.49) (11.69) (11.58)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,527 1,622 853 — —
’25 2,390 871 1,816 1,689 6,766
’24 74 1,427 2,018 1,205 4,724
’23 1,284 263 1,170 1,400 4,117
’22 2,013 3,866 1,121 (127) 6,873
’21 938 1,676 2,512 (150) 4,976
’20 8,985 (922) 309 131 8,503
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (221) (431) (476) — —
’25 146 (1) 117 (3) 259
’24 (530) 334 24 (118) (290)
’23 (500) (128) 339 152 (137)
’22 (199) 159 (962) (226) (1,228)
’21 (104) 173 575 (3) 641
’20 96 371 48 373 888
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (221) (431) (476) — —
’25 146 (1) 117 (3) 259
’24 (530) 334 24 (118) (290)
’23 (500) (128) 339 152 (137)
’22 (199) 159 (962) (226) (1,228)
’21 (104) 173 575 (3) 641
’20 96 371 48 373 888
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,018 6,842 8,965 6,554 8,503 4,976 6,873 4,117 4,724 6,766 5,691 +9.4% 8,643 8,798 8,558 +8.1%
Gross margin, % (67.93) 30.62 51.47 27.78 19.99 102.39 108.34 27.28 62.81 44.95 0.00 +112.9 pt
EBT (4,705) (615) 989 (1,052) (1,419) 2,009 4,732 (1,474) 422 474 794 n/m
EBT margin, % (155.90) (8.99) 11.03 (16.05) (16.69) 40.37 68.85 (35.80) 8.93 7.01 13.95 +162.9 pt
Net income (2,939) (378) 870 (735) (1,056) 1,648 3,884 (1,107) 393 438 438 n/m
Per share, $
Per share, $ Revenue 25.20 57.12 75.09 58.25 89.18 59.39 94.19 62.37 77.19 117.62 98.85 +18.7%
Earnings (24.54) (3.16) 7.21 (6.76) (11.58) 19.67 53.23 (18.39) 4.64 5.71 9.85 n/m
Cash flow 31.19 28.35 25.65 16.25 9.31 7.65 (16.83) (2.08) (4.74) 4.50 (19.64) (19.4%)
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 31.19 28.35 25.65 16.25 9.31 7.65 (16.83) (2.08) (4.74) 4.50 (19.64) (19.4%)
Book value 124.08 121.73 121.31 144.32 189.70 193.44 76.72 75.86 82.09 118.78 88.16 (0.5%)
Shares, m 120 120 119 113 95 84 73 66 61 58 57 (7.8%)
Valuation, ×
Valuation, × P/E 0.00 0.00 4.17 0.00 0.00 2.76 1.42 0.00 9.31 11.17 4.17 2.9
P/S 0.34 1.01 0.41 0.67 0.41 0.87 0.54 0.85 0.62 0.55 0.42 0.6
P/B 0.09 0.47 0.25 0.27 0.19 0.27 0.67 0.70 0.59 0.55 0.47 0.4
EV/Sales 0.00 1.27 0.39 0.90 0.33 0.61 0.40 0.68 0.22 0.22 — 0.5
EV/FCF 0.00 2.55 1.13 3.23 3.13 4.72 (2.25) (20.38) (3.62) 5.77 — (0.6)
Cash, $m
Cash, $m Operating cash flow 3,736 3,396 3,062 1,828 888 641 (1,228) (137) (290) 259 (1,131) (25.7%)
Capex — — — — — — — — — — — —
Free cash flow 3,736 3,396 3,062 1,828 888 641 (1,228) (137) (290) 259 (1,131) (25.7%)
Balance, $m
Balance, $m Working capital (13,497) (21,234) (18,367) (22,049) (24,182) (23,239) (8,834) (8,957) (5,304) 26,966 (1,989) n/m
Net debt (3,318) 1,755 (182) 1,488 (672) (1,317) (959) (695) (1,890) (2,232) (5,374) (4.3%)
Shareholders’ equity 14,862 14,580 14,483 16,237 18,088 16,207 5,598 5,008 5,024 6,833 5,076 (8.3%)
Returns, %
Returns, % ROA (2.65) (0.17) 0.40 (0.35) (0.47) 0.61 1.56 (0.53) 0.12 0.14 0.24 +2.8 pt
ROIC (25.47) (2.35) 4.32 (3.71) (5.09) 8.43 63.75 (21.36) 8.42 6.44 0.00 +31.9 pt
ROE (20.01) (2.57) 5.95 (4.95) (6.44) 9.06 34.63 (22.89) 5.70 5.58 10.05 +25.6 pt
People
People Employees — 1,260 1,260 1,330 1,400 1,500 1,500 1,500 1,400 1,400 — +1.3%
Revenue/emp, $m 0.00 5.43 7.12 4.93 6.07 3.32 4.58 2.74 3.37 4.83 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Brighthouse Financial, Inc. vs peers in Insurance Life (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UNM Unum Group $11.7B 52.2× 12.9× −24.59% (below 0%: shrinking) n/m +231.54% (above 0%: growing) 11.62% (19.45%) Compare
PRI Primerica, Inc. $8.9B 11.3× 11.1× +7.36% (above 0%: growing) +6.45% (above 0%: growing) +45.73% (above 0%: growing) 0.00% 0.00% Compare
JXN Jackson Financial Inc. $8.8B 10.6× 11.7× +8.90% (above 0%: growing) +1,269.71% (above 0%: growing) +3.43% (above 0%: growing) 17.70% 67.25% Compare
LNC Lincoln National Corporation $7.5B 2.4× 4.5× +20.33% (above 0%: growing) +220.93% (above 0%: growing) +176.69% (above 0%: growing) 0.00% 0.00% Compare
CNO CNO Financial Group, Inc. $5.2B 12.6× 14.0× −8.64% (below 0%: shrinking) +628.08% (above 0%: growing) +7.63% (above 0%: growing) 55.45% 26.20% Compare
GNW Genworth Financial, Inc. $3.4B 68.8× 26.2× −7.29% (below 0%: shrinking) n/m +14.94% (above 0%: growing) 23.86% 1.34% Compare
FG F&G Annuities & Life, Inc. $2.8B 7.2× 7.9× +4.18% (above 0%: growing) n/m −8.11% (below 0%: shrinking) 16.89% (3.73%) Compare
BHF Brighthouse Financial, Inc. $2.4B 4.2× 3.4× −53.03% (below 0%: shrinking) −33.97% (below 0%: shrinking) −506.84% (below 0%: shrinking) 0.00% 47.36%
ABX Abacus Global Management, Inc. $855.7M 31.4× — +29.87% (above 0%: growing) −61.11% (below 0%: shrinking) −49.65% (below 0%: shrinking) 87.59% 29.41% Compare
Median of peers $6.3B 12.0× 11.7× +5.77% +220.93% +11.29% 17.30% 0.67%

All 17 Insurance Life stocks →

Pay and ownership Proxy statement filed 14 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 10.46m 13.49m 178.95
2024 10.07m 8.02m 122.46
2023 10.01m 11.44m 134.90
2022 9.75m 6.72m 130.69
2021 7.91m 12.62m 132.04

Ownership

Directors and executive officers, together 1.60%
BlackRock, Inc. 10.80%
Dimensional Fund Advisors LP 5.90%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Brighthouse Financial, Inc. (BHF) Latest News

5 Nov

Impact 3 · · Business Wire

3 Nov

Impact 3 · · Insider Monkey

29 Oct

Impact 3 · · Zacks

22 Oct

Impact 4 · · Zacks

9 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

28 Sep

Impact 4 · · Zacks

16 Sep

Impact 4 · · MarketBeat

7 Aug

Impact 4 ·
Impact 3 ·

5 Aug

Impact 3 ·
Impact 3 ·

29 Jul

Impact 3 ·

25 Jun

Impact 3 · · Zacks

20 May

Impact 3 · · Simply Wall St.

8 May

Impact 3 · · Zacks

6 May

Impact 4 · · Zacks
Impact 4 · · Business Wire
Impact 3 · · Zacks

27 Mar

Impact 3 · · StockStory

9 Mar

Impact 4 · · Simply Wall St.

8 Mar

Impact 3 · · Simply Wall St.

25 Feb

Impact 4 · · Zacks

24 Feb

Impact 3 · · Zacks

23 Feb

Impact 4 · · Associated Press Finance
Impact 4 · · Business WireMotley FoolMarketBeatGuruFocus.comGuruFocus.com
Impact 3 · · Zacks

18 Feb

Impact 5 · · Simply Wall St.

12 Feb

Impact 4 · · MarketBeat
Impact 4 · · Business Wire

BHF metrics, ten years each

stockrow.com/BHF · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com