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 has shown significant fluctuations in its financial performance over the past four years, with notable improvements in 2024 compared to prior periods. Analysis of quarterly income statements, cash flow statements, and balance sheets reveals several important trends for investors:
- In Q4 2024, the company reported a strong consolidated net income of $672 million, a marked recovery from previous quarters where losses were reported, particularly in 2023 and early 2024.
- Diluted earnings per share (EPS) rose to $10.27 in Q4 2024, reflecting improved profitability compared to negative EPS readings in 2023 and early 2024.
- Total revenue increased substantially to $1.205 billion in Q4 2024, driven largely by total non-interest income of $1.205 billion.
- Balance sheets show a stable total assets base, approximately $245 billion in Q3 2024, with consistent levels of trading account securities and mortgage servicing rights, indicating strong asset management.
- Operating cash flow turned positive in recent quarters after significant negative outflows in earlier 2023 periods, signaling improving operational efficiency.
- Repayment of long-term debt has been substantial in recent quarters, with $9.09 billion repaid in Q4 2024, reducing leverage but representing a significant cash outflow.
- Acquisitions and purchasing of investments represent consistent cash outflows in billions, indicating active investment and growth strategy, but also capital deployment pressure.
- The company reported losses in 2023 Q4 and 2024 Q1, with consolidated net losses exceeding $490 million in Q1 2024, driven by significant negative capital gains and underwriting results.
- Total non-interest expenses have been volatile, especially insurance claims and amortization costs, reaching $371 million in Q4 2024 but substantially higher in previous periods. This volatility may signal underwriting risk or changing claims environment.
- The company’s accumulated other comprehensive loss remains sizable (over $4 billion in late 2024), which could pressure equity and reflect market fluctuations impacting investment portfolios.
In summary, Brighthouse Financial has returned to profitability in late 2024 after challenging prior periods marked by losses and cash outflows. The company maintains a strong asset base and is actively managing debt and investments. However, volatility in non-interest expenses and past significant losses highlight risks typical in the insurance and financial services sector. Investors should monitor the company’s ability to sustain earnings growth and manage underwriting exposures going forward.
09/13/25 02:53 AM ETAI Generated. May Contain Errors.