Annual Income Statements for Brighthouse Financial
This table shows Brighthouse Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Brighthouse Financial
This table shows Brighthouse Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
388 |
110 |
-525 |
-200 |
453 |
-942 |
-519 |
9.00 |
150 |
646 |
Consolidated Net Income / (Loss) |
|
415 |
137 |
-497 |
-175 |
481 |
-916 |
-491 |
34 |
178 |
672 |
Net Income / (Loss) Continuing Operations |
|
415 |
137 |
-497 |
-175 |
481 |
-916 |
-491 |
34 |
178 |
672 |
Total Pre-Tax Income |
|
512 |
40 |
-653 |
-237 |
590 |
-1,174 |
-614 |
14 |
188 |
834 |
Total Revenue |
|
1,121 |
-127 |
1,284 |
263 |
1,170 |
1,400 |
74 |
1,427 |
2,018 |
1,205 |
Total Non-Interest Income |
|
1,121 |
-127 |
1,284 |
263 |
1,170 |
1,400 |
74 |
1,427 |
2,018 |
1,205 |
Other Service Charges |
|
719 |
649 |
699 |
731 |
667 |
681 |
581 |
721 |
703 |
690 |
Net Realized & Unrealized Capital Gains on Investments |
|
240 |
-943 |
388 |
-679 |
309 |
493 |
-709 |
525 |
1,135 |
308 |
Premiums Earned |
|
162 |
167 |
197 |
211 |
194 |
226 |
202 |
181 |
180 |
207 |
Total Non-Interest Expense |
|
609 |
-167 |
1,937 |
500 |
580 |
2,574 |
688 |
1,413 |
1,830 |
371 |
Property & Liability Insurance Claims |
|
939 |
668 |
1,109 |
1,141 |
1,016 |
1,235 |
1,470 |
1,151 |
578 |
1,231 |
Amortization of Deferred Policy Acquisition Costs |
|
159 |
155 |
156 |
157 |
155 |
152 |
151 |
150 |
150 |
148 |
Current and Future Benefits |
|
-984 |
-1,479 |
194 |
-1,300 |
-1,064 |
663 |
-1,440 |
-356 |
610 |
-1,487 |
Other Operating Expenses |
|
495 |
489 |
478 |
502 |
473 |
524 |
507 |
468 |
492 |
479 |
Income Tax Expense |
|
97 |
-97 |
-156 |
-62 |
109 |
-258 |
-123 |
-20 |
10 |
162 |
Preferred Stock Dividends Declared |
|
25 |
26 |
26 |
25 |
26 |
25 |
26 |
25 |
26 |
25 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
2.00 |
1.00 |
2.00 |
0.00 |
2.00 |
1.00 |
2.00 |
0.00 |
2.00 |
1.00 |
Basic Earnings per Share |
|
$5.42 |
$3.00 |
($7.72) |
($3.01) |
$6.92 |
($14.58) |
($8.22) |
$0.12 |
$2.49 |
$10.28 |
Weighted Average Basic Shares Outstanding |
|
69.13M |
67.70M |
66.86M |
65.50M |
64.20M |
62.88M |
62.11M |
60.76M |
59.35M |
58.06M |
Diluted Earnings per Share |
|
$5.39 |
$2.89 |
($7.72) |
($3.01) |
$6.89 |
($14.55) |
($8.22) |
$0.12 |
$2.47 |
$10.27 |
Weighted Average Diluted Shares Outstanding |
|
69.13M |
67.70M |
66.86M |
65.50M |
64.20M |
62.88M |
62.11M |
60.76M |
59.35M |
58.06M |
Weighted Average Basic & Diluted Shares Outstanding |
|
69.13M |
67.70M |
66.86M |
65.50M |
64.20M |
62.88M |
62.11M |
60.76M |
59.35M |
58.06M |
Annual Cash Flow Statements for Brighthouse Financial
This table details how cash moves in and out of Brighthouse Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-33 |
3,658 |
-3,371 |
2,288 |
-1,268 |
1,231 |
366 |
-359 |
-264 |
1,194 |
Net Cash From Operating Activities |
|
4,631 |
3,736 |
3,396 |
3,062 |
1,828 |
888 |
641 |
-1,228 |
-137 |
-290 |
Net Cash From Continuing Operating Activities |
|
4,631 |
3,736 |
3,396 |
3,062 |
1,828 |
888 |
641 |
-1,228 |
-137 |
-290 |
Net Income / (Loss) Continuing Operations |
|
1,119 |
-2,939 |
-378 |
870 |
-735 |
-1,056 |
1,648 |
3,884 |
-1,107 |
393 |
Consolidated Net Income / (Loss) |
|
1,119 |
-2,939 |
-378 |
870 |
-735 |
-1,056 |
1,648 |
3,884 |
-1,107 |
393 |
Amortization Expense |
|
-240 |
-235 |
-276 |
-264 |
-283 |
-260 |
-254 |
-233 |
-282 |
-330 |
Non-Cash Adjustments to Reconcile Net Income |
|
-1,390 |
4,840 |
324 |
-2,831 |
63 |
-2,204 |
-2,722 |
-3,873 |
1,629 |
-282 |
Changes in Operating Assets and Liabilities, net |
|
5,116 |
2,053 |
3,726 |
5,287 |
2,783 |
4,408 |
1,969 |
-1,006 |
-377 |
-71 |
Net Cash From Investing Activities |
|
-7,042 |
4,674 |
-3,915 |
-4,538 |
-7,341 |
-5,843 |
-12,238 |
-8,276 |
-3,196 |
-2,194 |
Net Cash From Continuing Investing Activities |
|
-7,042 |
4,674 |
-3,915 |
-4,538 |
-7,341 |
-5,843 |
-12,238 |
-8,276 |
-3,196 |
-2,194 |
Acquisitions |
|
-871 |
-2,765 |
-3,831 |
-2,940 |
-2,639 |
-4,515 |
-4,592 |
-4,275 |
-5,428 |
-11,865 |
Purchase of Investment Securities |
|
-48,034 |
-42,878 |
-21,362 |
-20,710 |
-21,010 |
-17,081 |
-28,926 |
-21,971 |
-10,146 |
-14,685 |
Divestitures |
|
- |
- |
- |
- |
- |
0.00 |
0.00 |
- |
0.00 |
0.00 |
Sale and/or Maturity of Investments |
|
41,660 |
49,600 |
19,426 |
17,328 |
14,230 |
9,369 |
17,340 |
13,866 |
7,411 |
12,260 |
Other Investing Activities, net |
|
203 |
717 |
1,852 |
1,784 |
2,078 |
6,384 |
3,940 |
4,104 |
4,967 |
12,096 |
Net Cash From Financing Activities |
|
2,380 |
-4,752 |
-2,852 |
3,764 |
4,245 |
6,186 |
11,963 |
9,145 |
3,069 |
3,678 |
Net Cash From Continuing Financing Activities |
|
2,380 |
-4,752 |
-2,852 |
3,764 |
4,245 |
6,186 |
11,963 |
9,145 |
3,069 |
3,678 |
Issuance of Debt |
|
3,301 |
0.00 |
3,588 |
1,263 |
334 |
1,476 |
1,417 |
-1,709 |
-890 |
221 |
Repayment of Debt |
|
-21,413 |
-15,652 |
-9,060 |
-3,571 |
-3,451 |
-4,822 |
-4,869 |
-20,046 |
-17,749 |
-26,380 |
Repurchase of Common Equity |
|
- |
0.00 |
0.00 |
-105 |
-442 |
-473 |
-499 |
-488 |
-250 |
-250 |
Payment of Dividends |
|
0.00 |
0.00 |
-2,466 |
0.00 |
-21 |
-44 |
-89 |
-104 |
-102 |
-102 |
Other Financing Activities, Net |
|
20,492 |
10,900 |
5,086 |
6,177 |
7,413 |
9,101 |
15,664 |
31,492 |
22,060 |
30,189 |
Cash Interest Paid |
|
195 |
186 |
155 |
159 |
187 |
186 |
160 |
152 |
151 |
151 |
Cash Income Taxes Paid |
|
-405 |
189 |
-637 |
-895 |
16 |
-100 |
103 |
44 |
7.00 |
13 |
Quarterly Cash Flow Statements for Brighthouse Financial
This table details how cash moves in and out of Brighthouse Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
684 |
-1,680 |
-430 |
52 |
102 |
12 |
-28 |
618 |
1,189 |
-585 |
Net Cash From Operating Activities |
|
-962 |
-226 |
-500 |
-128 |
339 |
152 |
-530 |
334 |
24 |
-118 |
Net Cash From Continuing Operating Activities |
|
- |
-1,228 |
0.00 |
- |
- |
-137 |
0.00 |
- |
- |
-290 |
Net Income / (Loss) Continuing Operations |
|
- |
3,884 |
0.00 |
- |
- |
-1,107 |
0.00 |
- |
- |
393 |
Net Cash From Investing Activities |
|
-2,577 |
-680 |
-1,325 |
-334 |
-985 |
-552 |
-625 |
-1,082 |
-130 |
-357 |
Net Cash From Continuing Investing Activities |
|
-2,577 |
-680 |
-1,325 |
-334 |
-985 |
-552 |
-625 |
-1,082 |
-130 |
-357 |
Acquisitions |
|
-1,175 |
-880 |
-1,758 |
-1,266 |
-1,616 |
-788 |
-3,174 |
-2,569 |
-2,905 |
-3,217 |
Purchase of Investment Securities |
|
-4,845 |
-2,923 |
-2,139 |
-2,671 |
-2,817 |
-2,519 |
-2,966 |
-4,498 |
-3,289 |
-3,932 |
Sale and/or Maturity of Investments |
|
2,459 |
2,689 |
1,485 |
2,144 |
2,098 |
1,684 |
2,153 |
3,911 |
3,142 |
3,054 |
Other Investing Activities, net |
|
984 |
434 |
1,087 |
1,459 |
1,350 |
1,071 |
3,362 |
2,074 |
2,922 |
3,738 |
Net Cash From Financing Activities |
|
3,261 |
228 |
1,395 |
514 |
748 |
412 |
1,127 |
1,366 |
1,295 |
-110 |
Net Cash From Continuing Financing Activities |
|
3,261 |
228 |
1,395 |
514 |
748 |
412 |
1,127 |
1,366 |
1,295 |
-110 |
Issuance of Debt |
|
-143 |
-1,972 |
-159 |
-268 |
-192 |
-271 |
-17 |
253 |
-142 |
127 |
Repayment of Debt |
|
-5,791 |
-5,780 |
-5,298 |
-3,789 |
-3,687 |
-4,975 |
-6,447 |
-11,563 |
-17,460 |
9,090 |
Repurchase of Common Equity |
|
-136 |
-93 |
-62 |
-64 |
-64 |
-60 |
-62 |
-64 |
-64 |
-60 |
Payment of Dividends |
|
-25 |
-26 |
-26 |
-25 |
-26 |
-25 |
-26 |
-25 |
-26 |
-25 |
Other Financing Activities, Net |
|
9,356 |
8,099 |
6,940 |
4,660 |
4,717 |
5,743 |
7,679 |
12,765 |
18,987 |
-9,242 |
Cash Interest Paid |
|
6.00 |
69 |
6.00 |
69 |
7.00 |
69 |
6.00 |
69 |
7.00 |
69 |
Cash Income Taxes Paid |
|
-226 |
164 |
-9.00 |
6.00 |
4.00 |
6.00 |
4.00 |
2.00 |
4.00 |
3.00 |
Annual Balance Sheets for Brighthouse Financial
This table presents Brighthouse Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
221,930 |
224,192 |
206,294 |
227,259 |
247,869 |
259,840 |
224,847 |
236,340 |
238,537 |
Cash and Due from Banks |
|
5,228 |
1,857 |
4,145 |
2,877 |
4,108 |
4,474 |
4,115 |
3,851 |
5,045 |
Trading Account Securities |
|
61,688 |
65,152 |
62,748 |
71,183 |
82,495 |
87,683 |
75,666 |
81,093 |
80,132 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Accrued Investment Income |
|
693 |
601 |
724 |
684 |
676 |
724 |
885 |
1,183 |
1,277 |
Mortgage Servicing Rights |
|
9,378 |
10,742 |
13,694 |
15,753 |
15,808 |
19,850 |
22,936 |
22,508 |
23,286 |
Unearned Premiums Asset |
|
14,647 |
13,525 |
13,697 |
14,760 |
16,158 |
16,094 |
18,548 |
19,761 |
21,126 |
Deferred Acquisition Cost |
|
6,293 |
6,286 |
5,717 |
5,448 |
4,911 |
5,377 |
5,084 |
4,872 |
4,710 |
Separate Account Business Assets |
|
113,043 |
118,257 |
98,256 |
107,107 |
111,969 |
114,464 |
84,965 |
88,271 |
85,636 |
Other Assets |
|
10,960 |
7,772 |
7,313 |
9,447 |
11,606 |
11,174 |
12,648 |
14,801 |
17,325 |
Total Liabilities & Shareholders' Equity |
|
221,930 |
224,192 |
206,294 |
227,259 |
247,869 |
259,840 |
224,847 |
236,340 |
238,537 |
Total Liabilities |
|
207,068 |
209,612 |
191,811 |
211,022 |
229,781 |
243,633 |
219,249 |
231,332 |
233,513 |
Long-Term Debt |
|
4,707 |
3,612 |
3,963 |
4,365 |
3,436 |
3,157 |
3,156 |
3,156 |
3,155 |
Future Policy Benefits |
|
33,372 |
36,616 |
36,209 |
39,686 |
44,448 |
43,807 |
31,497 |
32,569 |
31,475 |
Participating Policy Holder Equity |
|
40,571 |
40,768 |
43,054 |
48,882 |
57,919 |
70,308 |
77,625 |
84,904 |
91,867 |
Separate Account Business Liabilities |
|
113,043 |
118,257 |
98,256 |
107,107 |
111,969 |
114,464 |
84,965 |
88,271 |
85,636 |
Other Long-Term Liabilities |
|
7,985 |
10,359 |
10,329 |
10,982 |
12,009 |
11,897 |
22,006 |
22,432 |
21,380 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
14,862 |
14,580 |
14,483 |
16,237 |
18,088 |
16,207 |
5,598 |
5,008 |
5,024 |
Total Preferred & Common Equity |
|
14,862 |
14,515 |
14,418 |
16,172 |
18,023 |
16,142 |
5,533 |
4,943 |
4,959 |
Preferred Stock |
|
- |
- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
14,862 |
14,515 |
14,418 |
16,172 |
18,023 |
16,142 |
5,533 |
4,943 |
4,959 |
Common Stock |
|
0.00 |
12,433 |
12,474 |
12,909 |
13,879 |
14,155 |
14,076 |
14,005 |
13,928 |
Retained Earnings |
|
0.00 |
406 |
1,346 |
585 |
-534 |
-642 |
-395 |
-1,507 |
-1,119 |
Treasury Stock |
|
- |
0.00 |
-118 |
-562 |
-1,038 |
-1,543 |
-2,042 |
-2,309 |
-2,572 |
Accumulated Other Comprehensive Income / (Loss) |
|
1,265 |
1,676 |
716 |
3,240 |
5,716 |
4,172 |
-6,106 |
-5,246 |
-5,278 |
Noncontrolling Interest |
|
0.00 |
65 |
65 |
65 |
65 |
65 |
65 |
65 |
65 |
Quarterly Balance Sheets for Brighthouse Financial
This table presents Brighthouse Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
221,641 |
230,002 |
231,545 |
223,516 |
239,688 |
237,438 |
245,156 |
Cash and Due from Banks |
|
4,793 |
3,685 |
3,737 |
3,839 |
3,823 |
4,441 |
5,630 |
Trading Account Securities |
|
75,371 |
77,776 |
77,668 |
75,523 |
80,560 |
80,666 |
83,385 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Accrued Investment Income |
|
909 |
985 |
1,027 |
1,143 |
1,297 |
1,169 |
2,083 |
Mortgage Servicing Rights |
|
22,089 |
22,823 |
22,614 |
22,682 |
22,670 |
22,641 |
22,938 |
Unearned Premiums Asset |
|
17,877 |
18,967 |
19,223 |
19,066 |
20,234 |
20,043 |
20,692 |
Deferred Acquisition Cost |
|
5,639 |
5,027 |
4,968 |
4,919 |
4,829 |
4,791 |
4,745 |
Separate Account Business Assets |
|
81,836 |
87,440 |
88,392 |
82,675 |
90,332 |
88,260 |
90,313 |
Other Assets |
|
13,127 |
13,299 |
13,916 |
13,669 |
15,943 |
15,427 |
15,370 |
Total Liabilities & Shareholders' Equity |
|
221,641 |
230,002 |
231,545 |
223,516 |
239,688 |
237,438 |
245,156 |
Total Liabilities |
|
215,762 |
224,183 |
226,573 |
219,382 |
235,428 |
233,232 |
239,566 |
Long-Term Debt |
|
3,156 |
3,157 |
3,156 |
3,157 |
3,155 |
3,155 |
3,155 |
Future Policy Benefits |
|
41,786 |
32,286 |
31,899 |
30,404 |
32,245 |
31,886 |
32,781 |
Participating Policy Holder Equity |
|
74,687 |
79,936 |
82,427 |
82,177 |
87,957 |
89,661 |
91,531 |
Separate Account Business Liabilities |
|
81,836 |
87,440 |
88,392 |
82,675 |
90,332 |
88,260 |
90,313 |
Other Long-Term Liabilities |
|
14,297 |
21,364 |
20,699 |
20,969 |
21,739 |
20,270 |
21,786 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
5,879 |
5,819 |
4,972 |
4,134 |
4,260 |
4,206 |
5,590 |
Total Preferred & Common Equity |
|
5,814 |
5,754 |
4,907 |
4,069 |
4,195 |
4,141 |
5,525 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
5,814 |
5,754 |
4,907 |
4,069 |
4,195 |
4,141 |
5,525 |
Common Stock |
|
14,096 |
14,055 |
14,040 |
14,023 |
13,990 |
13,973 |
13,954 |
Retained Earnings |
|
304 |
-894 |
-1,069 |
-590 |
-2,000 |
-1,966 |
-1,790 |
Treasury Stock |
|
-1,949 |
-2,119 |
-2,183 |
-2,248 |
-2,382 |
-2,447 |
-2,512 |
Accumulated Other Comprehensive Income / (Loss) |
|
-6,637 |
-5,288 |
-5,881 |
-7,116 |
-5,413 |
-5,419 |
-4,127 |
Noncontrolling Interest |
|
65 |
65 |
65 |
65 |
65 |
65 |
65 |
Annual Metrics And Ratios for Brighthouse Financial
This table displays calculated financial ratios and metrics derived from Brighthouse Financial's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
-66.06% |
126.71% |
31.03% |
-26.89% |
29.74% |
-41.48% |
38.12% |
-40.10% |
14.74% |
EBITDA Growth |
|
0.00% |
-494.47% |
81.90% |
181.37% |
-284.14% |
-25.77% |
204.53% |
156.35% |
-139.03% |
105.24% |
EBIT Growth |
|
0.00% |
-421.82% |
86.93% |
260.81% |
-206.37% |
-34.89% |
241.58% |
135.54% |
-131.15% |
128.63% |
NOPAT Growth |
|
0.00% |
-394.33% |
86.93% |
302.09% |
-184.64% |
-34.89% |
265.91% |
135.68% |
-126.57% |
138.09% |
Net Income Growth |
|
0.00% |
-362.65% |
87.14% |
330.16% |
-184.48% |
-43.67% |
256.06% |
135.68% |
-128.50% |
135.50% |
EPS Growth |
|
0.00% |
-362.74% |
87.12% |
328.16% |
-193.76% |
-71.30% |
258.81% |
178.96% |
-135.85% |
125.23% |
Operating Cash Flow Growth |
|
0.00% |
-19.33% |
-9.10% |
-9.84% |
-40.30% |
-51.42% |
-27.82% |
-291.58% |
88.84% |
-111.68% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
127.56% |
-92.61% |
-569.55% |
33.78% |
298.82% |
280.62% |
-103.05% |
185.56% |
Invested Capital Growth |
|
0.00% |
0.00% |
-32.52% |
1.40% |
11.69% |
4.48% |
-10.04% |
-54.79% |
-6.74% |
0.18% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
31.47% |
-36.21% |
-1.96% |
-5.44% |
0.34% |
58.96% |
-3.96% |
EBITDA Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
171.08% |
-163.36% |
-12.68% |
212.64% |
-35.34% |
-575.38% |
105.80% |
EBIT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
196.96% |
-149.93% |
4.77% |
228.95% |
-31.99% |
-466.92% |
126.61% |
NOPAT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
221.85% |
-141.46% |
4.44% |
250.63% |
-30.17% |
-466.92% |
135.40% |
Net Income Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
708.39% |
-136.48% |
3.47% |
237.56% |
-30.17% |
-1,950.00% |
132.89% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
-144.89% |
28.78% |
0.00% |
0.00% |
-1,835.79% |
122.99% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
0.00% |
7.43% |
6.99% |
-36.70% |
-13.03% |
-36.97% |
-22.19% |
73.40% |
-1,350.00% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
-574.94% |
-56.41% |
126.14% |
-9.75% |
-128.28% |
114.74% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-11.99% |
-6.88% |
-3.52% |
-0.86% |
-3.11% |
11.97% |
-6.47% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
14.04% |
-163.12% |
-13.02% |
8.09% |
-20.37% |
-19.75% |
35.27% |
65.46% |
-42.65% |
1.95% |
EBIT Margin |
|
16.44% |
-155.90% |
-8.99% |
11.03% |
-16.05% |
-16.69% |
40.37% |
68.85% |
-35.80% |
8.93% |
Profit (Net Income) Margin |
|
12.59% |
-97.38% |
-5.52% |
9.70% |
-11.21% |
-12.42% |
33.12% |
56.51% |
-26.89% |
8.32% |
Tax Burden Percent |
|
76.54% |
62.47% |
61.46% |
87.97% |
69.87% |
74.42% |
82.03% |
82.08% |
75.10% |
93.13% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
23.46% |
0.00% |
0.00% |
12.03% |
0.00% |
0.00% |
17.97% |
17.92% |
0.00% |
6.87% |
Return on Invested Capital (ROIC) |
|
0.00% |
-24.43% |
-1.91% |
4.75% |
-3.77% |
-4.72% |
8.06% |
27.63% |
-12.20% |
4.81% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
-18.57% |
-1.24% |
4.75% |
-3.74% |
-6.32% |
8.06% |
27.63% |
-14.58% |
4.81% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
-15.12% |
-0.66% |
1.24% |
-1.01% |
-1.44% |
1.55% |
8.00% |
-8.68% |
3.03% |
Return on Equity (ROE) |
|
0.00% |
-39.55% |
-2.57% |
5.99% |
-4.79% |
-6.15% |
9.61% |
35.62% |
-20.88% |
7.83% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
-224.43% |
36.93% |
3.36% |
-14.81% |
-9.09% |
18.63% |
103.09% |
-5.22% |
4.63% |
Operating Return on Assets (OROA) |
|
0.00% |
-2.12% |
-0.28% |
0.46% |
-0.49% |
-0.60% |
0.79% |
1.95% |
-0.64% |
0.18% |
Return on Assets (ROA) |
|
0.00% |
-1.32% |
-0.17% |
0.40% |
-0.34% |
-0.44% |
0.65% |
1.60% |
-0.48% |
0.17% |
Return on Common Equity (ROCE) |
|
0.00% |
-39.55% |
-2.56% |
5.96% |
-4.76% |
-6.13% |
9.57% |
35.41% |
-20.62% |
7.73% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
-19.78% |
-2.60% |
6.03% |
-4.54% |
-5.86% |
10.21% |
70.20% |
-22.40% |
7.93% |
Net Operating Profit after Tax (NOPAT) |
|
1,119 |
-3,294 |
-431 |
870 |
-736 |
-993 |
1,648 |
3,884 |
-1,032 |
393 |
NOPAT Margin |
|
12.59% |
-109.13% |
-6.29% |
9.70% |
-11.24% |
-11.68% |
33.12% |
56.51% |
-25.06% |
8.32% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
-5.86% |
-0.67% |
0.00% |
-0.03% |
1.61% |
0.00% |
0.00% |
2.38% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
83.56% |
255.90% |
108.99% |
88.97% |
116.05% |
116.69% |
59.63% |
31.15% |
135.80% |
91.07% |
Earnings before Interest and Taxes (EBIT) |
|
1,462 |
-4,705 |
-615 |
989 |
-1,052 |
-1,419 |
2,009 |
4,732 |
-1,474 |
422 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
1,248 |
-4,923 |
-891 |
725 |
-1,335 |
-1,679 |
1,755 |
4,499 |
-1,756 |
92 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
0.00 |
0.48 |
0.25 |
0.26 |
0.18 |
0.26 |
0.64 |
0.69 |
0.58 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
0.48 |
0.25 |
0.26 |
0.18 |
0.26 |
0.64 |
0.69 |
0.58 |
Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
1.03 |
0.40 |
0.65 |
0.38 |
0.83 |
0.52 |
0.83 |
0.60 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
4.18 |
0.00 |
0.00 |
2.66 |
0.94 |
0.00 |
9.97 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
0.00% |
0.00% |
0.00% |
23.93% |
0.00% |
0.00% |
37.59% |
106.51% |
0.00% |
10.03% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.00 |
0.49 |
0.19 |
0.28 |
0.12 |
0.15 |
0.30 |
0.34 |
0.13 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
1.29 |
0.39 |
0.88 |
0.31 |
0.58 |
0.39 |
0.67 |
0.22 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
4.82 |
0.00 |
0.00 |
1.64 |
0.59 |
0.00 |
11.16 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
3.54 |
0.00 |
0.00 |
1.43 |
0.56 |
0.00 |
2.43 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
4.02 |
0.00 |
0.00 |
1.75 |
0.68 |
0.00 |
2.61 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
2.60 |
1.14 |
3.17 |
2.97 |
4.50 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
1.06 |
5.68 |
0.00 |
0.00 |
0.76 |
0.18 |
0.00 |
2.72 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
0.81 |
0.25 |
0.27 |
0.27 |
0.19 |
0.19 |
0.56 |
0.63 |
0.63 |
Long-Term Debt to Equity |
|
0.00 |
0.32 |
0.25 |
0.27 |
0.27 |
0.19 |
0.19 |
0.56 |
0.63 |
0.63 |
Financial Leverage |
|
0.00 |
0.81 |
0.53 |
0.26 |
0.27 |
0.23 |
0.19 |
0.29 |
0.60 |
0.63 |
Leverage Ratio |
|
0.00 |
14.93 |
15.15 |
14.81 |
14.11 |
13.84 |
14.80 |
22.23 |
43.48 |
47.34 |
Compound Leverage Factor |
|
0.00 |
14.93 |
15.15 |
14.81 |
14.11 |
13.84 |
14.80 |
22.23 |
43.48 |
47.34 |
Debt to Total Capital |
|
0.00% |
44.87% |
19.85% |
21.48% |
21.19% |
15.96% |
16.30% |
36.05% |
38.66% |
38.57% |
Short-Term Debt to Total Capital |
|
0.00% |
27.41% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
0.00% |
17.46% |
19.85% |
21.48% |
21.19% |
15.96% |
16.30% |
36.05% |
38.66% |
38.57% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.36% |
0.35% |
0.32% |
0.30% |
0.34% |
0.74% |
0.80% |
0.79% |
Common Equity to Total Capital |
|
0.00% |
55.13% |
79.79% |
78.16% |
78.50% |
83.73% |
83.36% |
63.21% |
60.55% |
60.63% |
Debt to EBITDA |
|
0.00 |
-2.46 |
-4.05 |
5.47 |
-3.27 |
-2.05 |
1.80 |
0.70 |
-1.80 |
34.29 |
Net Debt to EBITDA |
|
0.00 |
-1.40 |
-1.97 |
-0.25 |
-1.11 |
0.40 |
-0.75 |
-0.21 |
0.40 |
-20.54 |
Long-Term Debt to EBITDA |
|
0.00 |
-0.96 |
-4.05 |
5.47 |
-3.27 |
-2.05 |
1.80 |
0.70 |
-1.80 |
34.29 |
Debt to NOPAT |
|
0.00 |
-3.67 |
-8.39 |
4.56 |
-5.93 |
-3.46 |
1.92 |
0.81 |
-3.06 |
8.03 |
Net Debt to NOPAT |
|
0.00 |
-2.09 |
-4.08 |
-0.21 |
-2.02 |
0.68 |
-0.80 |
-0.25 |
0.67 |
-4.81 |
Long-Term Debt to NOPAT |
|
0.00 |
-1.43 |
-8.39 |
4.56 |
-5.93 |
-3.46 |
1.92 |
0.81 |
-3.06 |
8.03 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.22% |
0.45% |
0.42% |
0.38% |
0.38% |
0.60% |
1.23% |
1.30% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
0.00 |
-30,253 |
8,337 |
616 |
-2,892 |
-1,915 |
3,808 |
14,494 |
-442 |
378 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.01 |
0.03 |
0.04 |
0.03 |
0.04 |
0.02 |
0.03 |
0.02 |
0.02 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
0.00 |
26,959 |
18,192 |
18,446 |
20,602 |
21,524 |
19,364 |
8,754 |
8,164 |
8,179 |
Invested Capital Turnover |
|
0.00 |
0.22 |
0.30 |
0.49 |
0.34 |
0.40 |
0.24 |
0.49 |
0.49 |
0.58 |
Increase / (Decrease) in Invested Capital |
|
0.00 |
26,959 |
-8,767 |
254 |
2,156 |
922 |
-2,160 |
-10,610 |
-590 |
15 |
Enterprise Value (EV) |
|
0.00 |
0.00 |
8,843 |
3,498 |
5,788 |
2,634 |
2,883 |
2,650 |
2,768 |
1,026 |
Market Capitalization |
|
0.00 |
0.00 |
7,023 |
3,615 |
4,235 |
3,241 |
4,135 |
3,544 |
3,398 |
2,851 |
Book Value per Share |
|
$0.00 |
$0.00 |
$121.19 |
$121.57 |
$149.82 |
$201.36 |
$202.23 |
$80.04 |
$76.99 |
$83.55 |
Tangible Book Value per Share |
|
$0.00 |
$0.00 |
$121.19 |
$121.57 |
$149.82 |
$201.36 |
$202.23 |
$80.04 |
$76.99 |
$83.55 |
Total Capital |
|
0.00 |
26,959 |
18,192 |
18,446 |
20,602 |
21,524 |
19,364 |
8,754 |
8,164 |
8,179 |
Total Debt |
|
0.00 |
12,097 |
3,612 |
3,963 |
4,365 |
3,436 |
3,157 |
3,156 |
3,156 |
3,155 |
Total Long-Term Debt |
|
0.00 |
4,707 |
3,612 |
3,963 |
4,365 |
3,436 |
3,157 |
3,156 |
3,156 |
3,155 |
Net Debt |
|
0.00 |
6,869 |
1,755 |
-182 |
1,488 |
-672 |
-1,317 |
-959 |
-695 |
-1,890 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
-355 |
-53 |
0.00 |
-1.40 |
63 |
0.00 |
0.00 |
75 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
12,097 |
3,612 |
3,963 |
4,365 |
3,436 |
3,157 |
3,156 |
3,156 |
3,155 |
Total Depreciation and Amortization (D&A) |
|
-214 |
-218 |
-276 |
-264 |
-283 |
-260 |
-254 |
-233 |
-282 |
-330 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$9.34 |
($24.54) |
($3.16) |
$7.24 |
($6.76) |
($11.58) |
($2.36) |
($1.36) |
($18.39) |
$4.67 |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
0.00 |
119.77M |
116.67M |
105.10M |
87.38M |
76.63M |
67.70M |
62.88M |
58.06M |
Adjusted Diluted Earnings per Share |
|
$9.34 |
$0.00 |
$0.00 |
$7.21 |
($6.76) |
($11.58) |
($2.36) |
($1.36) |
($18.39) |
$4.64 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
0.00 |
119.77M |
116.67M |
105.10M |
87.38M |
76.63M |
67.70M |
62.88M |
58.06M |
Adjusted Basic & Diluted Earnings per Share |
|
$9.34 |
$0.00 |
$0.00 |
$0.00 |
($6.76) |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
0.00 |
119.77M |
116.67M |
105.10M |
87.38M |
76.63M |
67.70M |
62.88M |
58.06M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
1,119 |
-3,294 |
-431 |
870 |
-736 |
-993 |
1,648 |
3,884 |
-1,032 |
393 |
Normalized NOPAT Margin |
|
12.59% |
-109.13% |
-6.29% |
9.70% |
-11.24% |
-11.68% |
33.12% |
56.51% |
-25.06% |
8.32% |
Pre Tax Income Margin |
|
16.44% |
-155.90% |
-8.99% |
11.03% |
-16.05% |
-16.69% |
40.37% |
68.85% |
-35.80% |
8.93% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
0.00% |
-652.38% |
0.00% |
-2.86% |
-4.17% |
5.40% |
2.68% |
-9.21% |
25.95% |
Augmented Payout Ratio |
|
0.00% |
0.00% |
-652.38% |
12.07% |
-62.99% |
-48.96% |
35.68% |
15.24% |
-31.80% |
89.57% |
Quarterly Metrics And Ratios for Brighthouse Financial
This table displays calculated financial ratios and metrics derived from Brighthouse Financial's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-55.37% |
15.33% |
-36.21% |
-93.20% |
4.37% |
1,202.36% |
-94.24% |
442.59% |
72.48% |
-13.93% |
EBITDA Growth |
|
4.49% |
-98.23% |
-132.60% |
-110.89% |
15.23% |
-3,035.00% |
5.97% |
105.91% |
-68.14% |
171.04% |
EBIT Growth |
|
4.49% |
-98.23% |
-132.60% |
-110.89% |
15.23% |
-3,035.00% |
5.97% |
105.91% |
-68.14% |
171.04% |
NOPAT Growth |
|
7.79% |
-92.45% |
-128.80% |
-109.51% |
15.90% |
-699.85% |
5.97% |
120.49% |
-62.99% |
181.77% |
Net Income Growth |
|
7.79% |
-92.45% |
-131.32% |
-110.03% |
15.90% |
-768.61% |
1.21% |
119.43% |
-62.99% |
173.36% |
EPS Growth |
|
24.19% |
0.00% |
-138.39% |
-113.14% |
27.83% |
-603.46% |
-6.48% |
103.99% |
-64.15% |
170.58% |
Operating Cash Flow Growth |
|
-267.30% |
-7,433.33% |
-151.26% |
-180.50% |
135.24% |
167.26% |
-6.00% |
360.94% |
-92.92% |
-177.63% |
Free Cash Flow Firm Growth |
|
244.99% |
170.36% |
62.31% |
-35.59% |
-79.61% |
-102.16% |
-82.87% |
-84.35% |
-157.35% |
383.43% |
Invested Capital Growth |
|
-53.74% |
-54.79% |
-44.03% |
-39.40% |
-19.30% |
-6.74% |
-17.39% |
-9.44% |
19.94% |
0.18% |
Revenue Q/Q Growth |
|
-71.00% |
-111.33% |
1,111.02% |
-79.52% |
344.87% |
19.66% |
-94.71% |
1,828.38% |
41.42% |
-40.29% |
EBITDA Q/Q Growth |
|
-76.48% |
-92.19% |
-1,732.50% |
63.71% |
348.95% |
-298.98% |
47.70% |
102.28% |
1,242.86% |
343.62% |
EBIT Q/Q Growth |
|
-76.48% |
-92.19% |
-1,732.50% |
63.71% |
348.95% |
-298.98% |
47.70% |
102.28% |
1,242.86% |
343.62% |
NOPAT Q/Q Growth |
|
-76.22% |
-66.99% |
-433.65% |
63.71% |
389.93% |
-270.85% |
47.70% |
107.91% |
423.53% |
277.53% |
Net Income Q/Q Growth |
|
-76.22% |
-66.99% |
-462.77% |
64.79% |
374.86% |
-290.44% |
46.40% |
106.92% |
423.53% |
277.53% |
EPS Q/Q Growth |
|
-76.47% |
-46.38% |
-367.13% |
61.01% |
328.90% |
-311.18% |
43.51% |
101.46% |
1,958.33% |
315.79% |
Operating Cash Flow Q/Q Growth |
|
-705.03% |
76.51% |
-121.24% |
74.40% |
364.84% |
-55.16% |
-448.68% |
163.02% |
-92.81% |
-591.67% |
Free Cash Flow Firm Q/Q Growth |
|
37.29% |
-1.51% |
-38.56% |
-22.47% |
-56.54% |
-110.42% |
588.01% |
-29.19% |
-259.30% |
151.49% |
Invested Capital Q/Q Growth |
|
-32.64% |
-3.11% |
2.54% |
-9.45% |
-10.30% |
11.97% |
-9.17% |
-0.73% |
18.80% |
-6.47% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
45.67% |
0.00% |
-50.86% |
-90.11% |
50.43% |
-83.86% |
-829.73% |
0.98% |
9.32% |
69.21% |
EBIT Margin |
|
45.67% |
0.00% |
-50.86% |
-90.11% |
50.43% |
-83.86% |
-829.73% |
0.98% |
9.32% |
69.21% |
Profit (Net Income) Margin |
|
37.02% |
0.00% |
-38.71% |
-66.54% |
41.11% |
-65.43% |
-663.51% |
2.38% |
8.82% |
55.77% |
Tax Burden Percent |
|
81.05% |
342.50% |
76.11% |
73.84% |
81.53% |
78.02% |
79.97% |
242.86% |
94.68% |
80.58% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
18.95% |
-242.50% |
0.00% |
0.00% |
18.47% |
0.00% |
0.00% |
-142.86% |
5.32% |
19.42% |
Return on Invested Capital (ROIC) |
|
17.75% |
0.00% |
-17.49% |
-14.88% |
13.04% |
-28.57% |
-206.02% |
1.25% |
5.41% |
32.24% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
17.75% |
0.00% |
-18.75% |
-15.17% |
13.04% |
-31.55% |
-207.96% |
1.25% |
5.41% |
32.24% |
Return on Net Nonoperating Assets (RNNOA) |
|
5.33% |
0.00% |
-6.33% |
-6.29% |
8.22% |
-18.78% |
-130.23% |
0.86% |
3.51% |
20.28% |
Return on Equity (ROE) |
|
23.08% |
0.00% |
-23.82% |
-21.17% |
21.27% |
-47.35% |
-336.25% |
2.11% |
8.92% |
52.52% |
Cash Return on Invested Capital (CROIC) |
|
112.43% |
103.09% |
70.85% |
46.87% |
19.14% |
-5.22% |
6.79% |
-0.80% |
-31.98% |
4.63% |
Operating Return on Assets (OROA) |
|
1.31% |
0.00% |
-1.32% |
-1.00% |
0.59% |
-1.50% |
-10.27% |
0.02% |
0.20% |
1.38% |
Return on Assets (ROA) |
|
1.06% |
0.00% |
-1.00% |
-0.74% |
0.48% |
-1.17% |
-8.21% |
0.04% |
0.19% |
1.11% |
Return on Common Equity (ROCE) |
|
22.94% |
0.00% |
-23.66% |
-20.99% |
20.99% |
-46.77% |
-331.91% |
2.08% |
8.80% |
51.84% |
Return on Equity Simple (ROE_SIMPLE) |
|
95.67% |
0.00% |
31.28% |
-2.45% |
-1.33% |
0.00% |
-26.25% |
-21.54% |
-21.63% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
415 |
137 |
-457 |
-166 |
481 |
-822 |
-430 |
34 |
178 |
672 |
NOPAT Margin |
|
37.02% |
0.00% |
-35.60% |
-63.08% |
41.11% |
-58.70% |
-580.81% |
2.38% |
8.82% |
55.77% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
1.26% |
0.29% |
0.00% |
2.98% |
1.94% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
54.33% |
0.00% |
150.86% |
190.11% |
49.57% |
183.86% |
929.73% |
99.02% |
90.68% |
30.79% |
Earnings before Interest and Taxes (EBIT) |
|
512 |
40 |
-653 |
-237 |
590 |
-1,174 |
-614 |
14 |
188 |
834 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
512 |
40 |
-653 |
-237 |
590 |
-1,174 |
-614 |
14 |
188 |
834 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.54 |
0.64 |
0.52 |
0.65 |
0.79 |
0.69 |
0.79 |
0.65 |
0.50 |
0.58 |
Price to Tangible Book Value (P/TBV) |
|
0.54 |
0.64 |
0.52 |
0.65 |
0.79 |
0.69 |
0.79 |
0.65 |
0.50 |
0.58 |
Price to Revenue (P/Rev) |
|
0.46 |
0.52 |
0.49 |
1.25 |
1.24 |
0.83 |
1.14 |
0.66 |
0.56 |
0.60 |
Price to Earnings (P/E) |
|
0.57 |
0.94 |
1.76 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
9.97 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
175.03% |
106.51% |
56.66% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
10.03% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.17 |
0.30 |
0.28 |
0.33 |
0.36 |
0.34 |
0.37 |
0.20 |
0.04 |
0.13 |
Enterprise Value to Revenue (EV/Rev) |
|
0.23 |
0.39 |
0.41 |
1.04 |
1.00 |
0.67 |
0.93 |
0.36 |
0.07 |
0.22 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.22 |
0.59 |
1.22 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
11.16 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.22 |
0.56 |
1.22 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
2.43 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.28 |
0.68 |
1.40 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
2.61 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
4.99 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.10 |
0.18 |
0.28 |
0.52 |
1.66 |
0.00 |
4.86 |
0.00 |
0.00 |
2.72 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.54 |
0.56 |
0.54 |
0.63 |
0.76 |
0.63 |
0.74 |
0.75 |
0.56 |
0.63 |
Long-Term Debt to Equity |
|
0.54 |
0.56 |
0.54 |
0.63 |
0.76 |
0.63 |
0.74 |
0.75 |
0.56 |
0.63 |
Financial Leverage |
|
0.30 |
0.29 |
0.34 |
0.41 |
0.63 |
0.60 |
0.63 |
0.69 |
0.65 |
0.63 |
Leverage Ratio |
|
21.68 |
22.23 |
25.41 |
30.19 |
44.46 |
43.48 |
46.60 |
51.10 |
48.20 |
47.34 |
Compound Leverage Factor |
|
21.68 |
22.23 |
25.41 |
30.19 |
44.46 |
43.48 |
46.60 |
51.10 |
48.20 |
47.34 |
Debt to Total Capital |
|
34.93% |
36.05% |
35.17% |
38.83% |
43.30% |
38.66% |
42.55% |
42.86% |
36.08% |
38.57% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
34.93% |
36.05% |
35.17% |
38.83% |
43.30% |
38.66% |
42.55% |
42.86% |
36.08% |
38.57% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.72% |
0.74% |
0.72% |
0.80% |
0.89% |
0.80% |
0.88% |
0.88% |
0.74% |
0.79% |
Common Equity to Total Capital |
|
64.35% |
63.21% |
64.10% |
60.37% |
55.81% |
60.55% |
56.57% |
56.26% |
63.18% |
60.63% |
Debt to EBITDA |
|
0.45 |
0.70 |
1.52 |
-9.34 |
-12.14 |
-1.80 |
-2.20 |
-2.66 |
-1.99 |
34.29 |
Net Debt to EBITDA |
|
-0.24 |
-0.21 |
-0.25 |
1.72 |
2.62 |
0.40 |
0.47 |
1.09 |
1.56 |
-20.54 |
Long-Term Debt to EBITDA |
|
0.45 |
0.70 |
1.52 |
-9.34 |
-12.14 |
-1.80 |
-2.20 |
-2.66 |
-1.99 |
34.29 |
Debt to NOPAT |
|
0.57 |
0.81 |
1.75 |
-13.34 |
-17.35 |
-3.06 |
-3.14 |
-3.81 |
-2.84 |
8.03 |
Net Debt to NOPAT |
|
-0.29 |
-0.25 |
-0.29 |
2.46 |
3.75 |
0.67 |
0.67 |
1.55 |
2.23 |
-4.81 |
Long-Term Debt to NOPAT |
|
0.57 |
0.81 |
1.75 |
-13.34 |
-17.35 |
-3.06 |
-3.14 |
-3.81 |
-2.84 |
8.03 |
Noncontrolling Interest Sharing Ratio |
|
0.59% |
0.00% |
0.70% |
0.85% |
1.30% |
1.23% |
1.29% |
1.42% |
1.34% |
1.30% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
10,912 |
10,747 |
6,603 |
5,119 |
2,225 |
-232 |
1,131 |
801 |
-1,276 |
657 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.03 |
0.03 |
0.01 |
0.01 |
0.02 |
0.01 |
0.02 |
0.02 |
0.02 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
9,035 |
8,754 |
8,976 |
8,128 |
7,291 |
8,164 |
7,415 |
7,361 |
8,745 |
8,179 |
Invested Capital Turnover |
|
0.48 |
0.49 |
0.49 |
0.24 |
0.32 |
0.49 |
0.35 |
0.53 |
0.61 |
0.58 |
Increase / (Decrease) in Invested Capital |
|
-10,497 |
-10,610 |
-7,060 |
-5,285 |
-1,744 |
-590 |
-1,561 |
-767 |
1,454 |
15 |
Enterprise Value (EV) |
|
1,546 |
2,650 |
2,523 |
2,650 |
2,589 |
2,768 |
2,706 |
1,471 |
326 |
1,026 |
Market Capitalization |
|
3,118 |
3,544 |
2,986 |
3,166 |
3,206 |
3,398 |
3,309 |
2,692 |
2,736 |
2,851 |
Book Value per Share |
|
$80.96 |
$80.04 |
$85.00 |
$73.39 |
$62.12 |
$76.99 |
$67.54 |
$66.67 |
$90.94 |
$83.55 |
Tangible Book Value per Share |
|
$80.96 |
$80.04 |
$85.00 |
$73.39 |
$62.12 |
$76.99 |
$67.54 |
$66.67 |
$90.94 |
$83.55 |
Total Capital |
|
9,035 |
8,754 |
8,976 |
8,128 |
7,291 |
8,164 |
7,415 |
7,361 |
8,745 |
8,179 |
Total Debt |
|
3,156 |
3,156 |
3,157 |
3,156 |
3,157 |
3,156 |
3,155 |
3,155 |
3,155 |
3,155 |
Total Long-Term Debt |
|
3,156 |
3,156 |
3,157 |
3,156 |
3,157 |
3,156 |
3,155 |
3,155 |
3,155 |
3,155 |
Net Debt |
|
-1,637 |
-959 |
-528 |
-581 |
-682 |
-695 |
-668 |
-1,286 |
-2,475 |
-1,890 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
40 |
9.10 |
0.00 |
94 |
61 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
3,156 |
3,156 |
3,157 |
3,156 |
3,157 |
3,156 |
3,155 |
3,155 |
3,155 |
3,155 |
Total Depreciation and Amortization (D&A) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($9.82) |
$3.00 |
($7.72) |
($3.01) |
$6.92 |
($14.58) |
($8.22) |
$0.12 |
$2.49 |
$10.28 |
Adjusted Weighted Average Basic Shares Outstanding |
|
69.13M |
67.70M |
66.86M |
65.50M |
64.20M |
62.88M |
62.11M |
60.76M |
59.35M |
58.06M |
Adjusted Diluted Earnings per Share |
|
($9.82) |
$2.89 |
($7.72) |
($3.01) |
$6.89 |
($14.55) |
($8.22) |
$0.12 |
$2.47 |
$10.27 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
69.13M |
67.70M |
66.86M |
65.50M |
64.20M |
62.88M |
62.11M |
60.76M |
59.35M |
58.06M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
69.13M |
67.70M |
66.86M |
65.50M |
64.20M |
62.88M |
62.11M |
60.76M |
59.35M |
58.06M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
415 |
28 |
-457 |
-166 |
481 |
-822 |
-430 |
9.80 |
178 |
672 |
Normalized NOPAT Margin |
|
37.02% |
0.00% |
-35.60% |
-63.08% |
41.11% |
-58.70% |
-580.81% |
0.69% |
8.82% |
55.77% |
Pre Tax Income Margin |
|
45.67% |
0.00% |
-50.86% |
-90.11% |
50.43% |
-83.86% |
-829.73% |
0.98% |
9.32% |
69.21% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
1.78% |
2.68% |
5.72% |
-85.00% |
-190.74% |
-9.21% |
-9.26% |
-11.44% |
-8.54% |
25.95% |
Augmented Payout Ratio |
|
11.72% |
15.24% |
29.22% |
-380.83% |
-714.81% |
-31.80% |
-31.97% |
-39.46% |
-29.46% |
89.57% |
Key Financial Trends
Brighthouse Financial (NASDAQ: BHFAO) has demonstrated significant financial performance changes over the past few years, with the most recent quarterly data from Q4 2024 showing encouraging trends in profitability and challenges in cash flow activities.
Key positive factors:
- Net income attributable to common shareholders rebounded strongly to $646 million in Q4 2024, with diluted EPS at $10.27, a significant improvement from negative earnings in previous years.
- Total Revenue increased to $1.205 billion in Q4 2024 compared to $1.4 billion in Q4 2023, reflecting steady top-line performance supported by Other Service Charges of $690 million and Net Realized & Unrealized Capital Gains of $308 million.
- The company effectively reduced Property & Liability Insurance Claims expenses quarter-over-quarter, from $1.235 billion in Q4 2023 to $1.231 billion in Q4 2024, showing good expense controls.
- From a balance sheet perspective, total assets rose to approximately $245.2 billion by Q3 2024, up from $223.5 billion in Q3 2023, indicating growth in asset base.
- Total equity improved from $4.13 billion in Q4 2023 to $5.59 billion by Q3 2024, suggesting improved shareholder value.
- Brighthouse demonstrated prudent financing activity including repaying $9.09 billion in debt in Q4 2024, which strengthens the financial structure.
- Net income in Q4 2024 of $672 million, marking a strong recovery from losses in earlier years and quarters.
- Reduction in overall non-interest expense to $371 million in Q4 2024 compared to $2.574 billion in Q4 2023 indicates operational cost improvements.
Neutral factors:
- Acquisitions continue to be a significant cash outflow with $3.2 billion spent in Q4 2024 and substantial investments in securities, reflecting expansion efforts but increasing capital utilization.
- Cash interest paid remains stable around $69 million per quarter, consistent with long-term financing costs.
Key negative factors:
- Net cash from continuing operating activities was negative $290 million in Q4 2024, continuing a trend of cash flow challenges despite profitability on an accrual basis.
- Net cash from investing activities was negative $357 million in Q4 2024, reflecting ongoing heavy investment and acquisition spending.
- The company recorded significant volatility in Net Realized & Unrealized Capital Gains on Investments over time, including a large loss of $943 million in Q4 2022 and a loss of $709 million in Q1 2024, indicating exposure to investment market fluctuations.
- The net change in cash and equivalents was negative $585 million in Q4 2024, which could pressure liquidity if trends continue.
- Despite earnings improvements, negative retained earnings persisted, with a Q3 2024 value of negative $1.79 billion, reflecting cumulative past losses.
- Preferred stock dividends represent a steady $25-26 million quarterly expense, which reduces net income available to common shareholders.
- Total liabilities remain very high at over $239 billion in Q3 2024, relative to total equity of $5.59 billion, showing a leveraged balance sheet.
Summary: Over the last few years, Brighthouse Financial has shown a remarkable turnaround from significant losses in 2022 and early 2023 to strong profitability by late 2024, driven by improving revenues and tightly controlled expenses. However, liquidity and cash flow from operations remain concerns, with considerable investing and financing outflows. The company's leverage is notable, though ongoing debt repayment efforts and equity growth are positive signs. Retail investors should weigh the recovery in earnings against cash flow volatility and balance sheet leverage.
10/20/25 08:12 PM ETAI Generated. May Contain Errors.