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: BHFAP) has experienced considerable volatility in its financial performance over the last several years, based on the most recent quarterly data available through Q4 2024 and going back to Q3 2022. Here are the key trends and observations from the income statements, cash flow statements, and balance sheets:
- Net Income Improvement in 2024: After a series of net losses in 2023, including a consolidated net loss attributable to common shareholders of -$942 million in Q4 2023, Brighthouse returned to profitability in 2024. The company reported net income of $672 million in Q4 2024, with earnings per share (diluted) of $10.27, a strong turnaround.
- Growing Total Revenue in 2024: Total revenue rose from $74 million in Q1 2024 to $1.205 billion in Q4 2024, reflecting recovery and growth in non-interest income components such as realized and unrealized capital gains on investments and other service charges.
- Substantial Capital Gains Contribution: Notably, Q3 2024 showed a peak in net realized & unrealized capital gains of $1.135 billion which significantly boosted quarterly revenue and profitability.
- Robust Operating Cash Flow Despite Volatility: Brighthouse generated positive net cash from operating activities in multiple quarters of 2023 and 2024, although quarterly variability remains notable.
- High Acquisition and Investment Activity: The company has maintained significant cash outflows for acquisitions and purchases of investment securities across all quarters, typically in billions of dollars. These investments signal efforts for strategic growth but add to operating cash pressure.
- Repayment and Issuance of Debt Fluctuations: Debt repayments have been large in magnitude (e.g., $9.09 billion repayment in Q4 2024), with some debt issuance but at much smaller levels. This suggests active balance sheet management to reduce debt, likely improving financial stability but possibly limiting liquidity.
- Consistent Dividend Payments and Equity Repurchases are maintained, reflecting stable shareholder return policies, with roughly $25-26 million in dividends and $60 million in equity repurchases quarterly in 2024.
- Significant Non-Interest Expenses in 2024: Total non-interest expenses remain high, with costs related to property & liability insurance claims reaching over $1.2 billion in Q4 2024. Although some benefits are correlated to revenue streams, these high claims and amortization expenses put pressure on profit margins.
- Historical Large Losses in 2022 and 2023: The company faced substantial net losses in 2023, including a severe loss of $916 million in Q4 2023 and persistent negative earnings per share through the year. This indicates operational challenges that the company is still recovering from.
- Equity Has Decreased Temporarily But Shows Recovery Signs: Total common equity fell as low as about $4.14 billion in Q2 2024 before rising to $5.53 billion in Q3/Q4 2024. Negative retained earnings and accumulated other comprehensive losses have weighed on shareholder equity.
Summary: Brighthouse Financial is emerging from a difficult 2022-2023 period marked by significant losses and challenges in operations. The sharp turnaround in net income and earnings per share in 2024 indicates improving operational efficiency and market conditions. However, high non-interest expenses and ongoing large-scale investment and acquisition activities suggest caution. The company is actively managing its balance sheet through debt reduction and shareholder returns. Investors may view the 2024 financial results as encouraging but should monitor future earnings consistency and expense control.
08/09/25 02:18 PMAI Generated. May Contain Errors.