Brighthouse Financial, Inc. (BHF) vs Globe Life Inc. (GL)

Brighthouse Financial, Inc. and Globe Life Inc. are both Insurance Life companies. Globe Life Inc. is the larger, with a market value of $12.9B against $3.1B — 4.2× the size. Brighthouse Financial, Inc. trades at the lower P/E: 4.2× against 10.9×. Globe Life Inc. grew revenue faster over the last twelve months: 5.24% against 2.62%. Globe Life Inc. has the higher net margin (19.6% vs 11.0%) and the lower return on invested capital (11.6% vs 22.9%). Across the 20 metrics below, Brighthouse Financial, Inc. leads on 11 and Globe Life Inc. on 9.

Valuation

Metric BHF GL Insurance Life median
P/E 4.25 10.90 12.15
P/S 0.46 2.09 0.75
P/B 0.46 2.10 1.12
Price to free cash flow n/m 10.50 7.78
EV/EBITDA n/m 9.54 8.42
EV/Sales (0.13) 2.52 0.80
Earnings yield 23.53% 9.17% 8.23%
Free cash flow yield (17.56%) 9.52% 11.12%

Profitability

Metric BHF GL Insurance Life median
Gross margin 53.34% 41.38% 32.44%
Operating margin 14.65% 26.44% 11.31%
Net margin 10.96% 19.58% 6.61%
Free cash flow margin (8.09%) 19.90% 15.04%
Return on equity 11.80% 20.95% 8.67%
Return on assets 0.30% 3.95% 0.67%
Return on invested capital 22.87% 11.57% 8.20%

Growth

Metric BHF GL Insurance Life median
Revenue growth (TTM) 2.62% 5.24% 7.91%
EPS growth (last fiscal year) 23.06% 17.84% —
Revenue growth, 5-year CAGR (4.47%) 4.82% 1.08%
Net income growth, 5-year CAGR 0.00% 9.68% 0.00%

Health

Metric BHF GL Insurance Life median
Debt to equity 0.48 0.48 0.48
Current ratio 0.87 0.05 0.21
Net debt to EBITDA (14.49) 1.23 0.12

Dividend

Metric BHF GL Insurance Life median
Dividend yield — 0.76% 2.41%
Payout ratio 0.00 0.12 0.17

Size

Metric BHF GL Insurance Life median
Market cap 3.07b 12.86b 7.92b

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