Brighthouse Financial (BHFAO) Financials

$15.74 -0.20 (-1.25%)

As of 02:09 PM Eastern

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.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1,119	-2,939	-378	865	-761	-1,105	1,554	3,775	-1,214	286
Consolidated Net Income / (Loss)	1,119	-2,939	-378	870	-735	-1,056	1,648	3,884	-1,107	393
Net Income / (Loss) Continuing Operations	1,119	-2,939	-378	870	-735	-1,056	1,648	3,884	-1,107	393
Total Pre-Tax Income	1,462	-4,705	-615	989	-1,052	-1,419	2,009	4,732	-1,474	422
Total Revenue	8,891	3,018	6,842	8,965	6,554	8,503	4,976	6,873	4,117	4,724
Net Interest Income / (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Interest Income	8,891	3,018	6,842	8,965	6,554	8,503	4,976	6,873	4,117	4,724
Other Service Charges	4,432	4,518	4,549	4,232	3,969	3,876	3,430	2,913	2,778	2,695
Net Realized & Unrealized Capital Gains on Investments	2,780	-2,722	1,430	3,833	1,703	3,861	839	3,298	511	1,259
Premiums Earned	1,679	1,222	863	900	882	766	707	662	828	770
Total Non-Interest Expense	7,429	7,723	7,457	7,976	7,606	9,922	2,967	2,141	5,591	4,302
Property & Liability Insurance Claims	4,528	5,068	4,747	4,351	4,733	6,803	4,015	3,531	4,501	4,430
Amortization of Deferred Policy Acquisition Costs	781	371	227	1,050	382	766	637	629	620	599
Current and Future Benefits	-	-	-	-	-	-	-4,134	-4,104	-1,507	-2,673
Other Operating Expenses	2,120	2,284	2,483	2,575	2,491	2,353	2,449	2,085	1,977	1,946
Income Tax Expense	343	-1,766	-237	119	-317	-363	361	848	-367	29
Preferred Stock Dividends Declared	-	-	0.00	0.00	21	44	89	104	102	102
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	0.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Basic Earnings per Share	$9.34	($24.54)	($3.16)	$7.24	($6.76)	($11.58)	$18.54	$51.73	($18.39)	$4.67
Weighted Average Basic Shares Outstanding	-	-	119.77M	119.50M	112.60M	87.38M	76.63M	67.70M	62.88M	58.06M
Diluted Earnings per Share	$9.34	($24.54)	($3.16)	$7.21	($6.76)	($11.58)	$18.39	$51.30	($18.39)	$4.64
Weighted Average Diluted Shares Outstanding	-	-	119.77M	119.50M	112.60M	87.38M	76.63M	67.70M	62.88M	58.06M
Weighted Average Basic & Diluted Shares Outstanding	-	-	119.77M	119.50M	112.60M	87.38M	76.63M	67.70M	62.88M	58.06M

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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

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
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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%

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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%

Financials Breakdown Chart

Key Financial Trends

Brighthouse Financial (NASDAQ: BHFAP) has shown significant financial performance developments over the past four years through its quarterly reports, with key trends evident across income, cash flow, and balance sheet statements.

Positive developments:

Q4 2024 demonstrated strong net income from continuing operations at $672 million, a clear improvement from losses seen in Q4 2023 (-$916 million) and Q1 2024 (-$491 million).
Consistent growth in non-interest income, notably from Other Service Charges and Net Realized & Unrealized Capital Gains, which reached $1.205 billion in Q4 2024, up from $1.4 billion in Q4 2023 but significantly higher than prior quarters in 2024 indicating better diversified revenue streams.
Reduction in total non-interest expenses in Q4 2024 to $371 million compared to $2.574 billion in Q4 2023, indicating improved cost management and operational efficiency.
Cash and cash equivalents increased from about $3.7 billion in Q2 2023 to $5.6 billion by Q3 2024, improving liquidity position.
The company’s total assets increased from $221.6 billion in Q3 2022 to $245.2 billion in Q3 2024, showing growth in the asset base chiefly through trading account securities and separate account business assets.

Neutral observations:

Consistent weighted average basic and diluted shares outstanding rose slightly over the period, from about 67 million in early 2022 to around 58 million in late 2024, indicating some share repurchases but relatively stable equity base.
Brighthouse’s long-term debt remains steady around $3.15 billion over recent quarters, suggesting stable leverage but no significant deleveraging or new borrowing.
Amortization of Deferred Policy Acquisition Costs stayed largely stable around $150 million per quarter, reflecting ongoing capitalized costs typical for an insurance company.
The company regularly declares preferred stock dividends around $25 to $26 million each quarter, which impacts net income available to common shareholders.
Other operating expenses fluctuated in recent quarters, hovering around $470-$520 million, representing operational costs that suggest some variability but no clear trend.

Negative trends and concerns:

Volatility in net realized and unrealized capital gains contributes significantly to income swings, with Q1 2024 seeing a large negative $709 million compared to a positive $1.135 billion in Q3 2024, which implies risk exposure to market conditions.
Historic quarterly net income showed substantial volatility, from a significant loss in Q4 2023 (-$942 million) to positive $646 million in Q4 2024, reflecting earnings instability.
Repayment of debt has been substantial in some quarters, e.g., nearly $9.1 billion in Q4 2024 and $17.5 billion in Q3 2024, which may strain cash flow despite no corresponding new debt issuance at the same scale.
Negative retained earnings around -$2 billion (Q3 2024) and accumulated other comprehensive losses exceeding $4 billion highlight ongoing challenges in equity value retention.
Negative net cash from continuing operating activities in Q4 2024 (-$290 million) and overall negative net cash from operating activities indicate cash flow pressures despite positive net income.

Summary: Brighthouse Financial has shown a rebound in profitability toward the end of 2024, supported by increased non-interest income and lower non-interest expenses. However, earnings volatility driven by market-linked capital gains and negative cash flows are risks to consider. Stable leverage and a growing asset base provide some foundation. Retail investors should weigh the company's operational improvements against the ongoing fluctuations in earnings and cash flows when considering an investment.

10/10/25 12:23 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Brighthouse Financial's Financials

When does Brighthouse Financial's financial year end?

According to the most recent income statement we have on file, Brighthouse Financial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Brighthouse Financial's net income changed over the last 9 years?

Brighthouse Financial's net income appears to be on an upward trend, with a most recent value of $393 million in 2024, falling from $1.12 billion in 2015. The previous period was -$1.11 billion in 2023.

How has Brighthouse Financial's revenue changed over the last 9 years?

Over the last 9 years, Brighthouse Financial's total revenue changed from $8.89 billion in 2015 to $4.72 billion in 2024, a change of -46.9%.

How much debt does Brighthouse Financial have?

Brighthouse Financial's total liabilities were at $233.51 billion at the end of 2024, a 0.9% increase from 2023, and a 12.8% increase since 2016.

How much cash does Brighthouse Financial have?

In the past 8 years, Brighthouse Financial's cash and equivalents has ranged from $1.86 billion in 2017 to $5.23 billion in 2016, and is currently $5.05 billion as of their latest financial filing in 2024.

How has Brighthouse Financial's book value per share changed over the last 9 years?

Over the last 9 years, Brighthouse Financial's book value per share changed from 0.00 in 2015 to 83.55 in 2024, a change of 8,354.9%.

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This page (NASDAQ:BHFAO) was last updated on 10/10/2025 by MarketBeat.com Staff

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Brighthouse Financial (BHFAO) Financials

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Brighthouse Financial (BHFAO) Financials

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