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: BHFAM) has shown a mixed financial performance over the last four years, with recent quarters in 2024 displaying a material improvement in profitability compared to 2023 and 2022. Below is an analysis of their key financial statement trends across income, cash flow, and balance sheet metrics.
- Net income attributable to common shareholders returned to profitability in 2024 with Q4 reported at $646 million, a significant turnaround from the losses of approximately $519 million in Q1 2024 and $942 million in Q4 2023.
- Earnings per share improved markedly, with Q4 2024 diluted EPS at $10.27 compared to negative $8.22 in Q1 2024 and negative $14.55 in Q4 2023, signaling stronger operational results.
- Total revenue increased in Q4 2024 to $1.205 billion from $1.4 billion in Q4 2023, despite volatility in investment gains.
- Brighthouse's cash and equivalents increased over the quarters, reaching $5.63 billion by Q3 2024 from $3.83 billion in Q1 2024, indicating improved liquidity.
- Repayment of debt has been substantial, particularly in Q3 2024 and Q4 2024, with repayments totaling over $9 billion in these quarters cumulatively, which reduces financial risk and leverage.
- Net realized and unrealized capital gains on investments have been volatile, ranging from significant losses in early 2023 (-$679M in Q2 2023) to substantial gains (over $1.1 billion in Q3 2024) indicating sensitivity to market conditions.
- Property and liability insurance claims have fluctuated significantly from $668 million in Q4 2022 to $1.2 billion in late 2023 and 2024, impacting expense volatility.
- Acquisitions activity remains high with purchases in the billions each quarter ($3.2 billion in Q4 2024), showing growth investments but also significant cash outflows.
- Operating activities cash flows turned negative in Q4 2024 at -$290 million after positive cash flow earlier in the year, indicating potential operational cash constraints despite net income improvements.
- Brighthouse shows a history of net losses and negative earnings per share throughout 2022 and most of 2023, reflecting challenges that the company appears to be overcoming only recently.
Summary: Brighthouse Financial has demonstrated a solid recovery in earnings and EPS by late 2024 after experiencing losses in 2022 and early 2023. The company has continued to reduce debt and improve liquidity, although cash flow from operations remains uneven. Significant fluctuations in investment gains and insurance claims contribute to earnings volatility, typical for the insurance and financial services sector. Ongoing acquisitions suggest a growth strategy, but also pressure on cash reserves. Retail investors should consider Brighthouse's recent turnaround and improving profitability balanced against past volatility and operational cash flow concerns.
10/07/25 12:09 AM ETAI Generated. May Contain Errors.