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Brighthouse Financial (BHFAP) Financials

Brighthouse Financial logo
$18.11 -0.02 (-0.11%)
Closing price 04:00 PM Eastern
Extended Trading
$18.17 +0.06 (+0.33%)
As of 04:10 PM Eastern
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Annual Income Statements for Brighthouse Financial

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

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
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

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
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

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
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

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
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

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
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

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
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%

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
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%

Key Financial Trends

Brighthouse Financial (NASDAQ:BHF) has shown a significant turnaround in profitability over the last several quarters. After facing losses in 2023, the company reported strong income growth in 2024, highlighting improving operational performance and capital gains.

Key Positive Trends:

  • Net income attributable to common shareholders surged to $646 million in Q4 2024 from a loss of $942 million in Q4 2023, indicating a strong recovery.
  • Diluted earnings per share jumped to $10.27 in Q4 2024 from a negative $14.55 the previous year, signaling improved shareholder value.
  • Net realized & unrealized capital gains on investments rose sharply to $308 million in Q4 2024 from $493 million (loss) in Q4 2023, helping to drive revenue growth.
  • Total non-interest income increased to $1.205 billion in Q4 2024 from $1.40 billion in Q4 2023, driven by higher other service charges and premiums earned.
  • Operating cash flow, though negative in Q4 2024 (-$290 million), improved strongly compared to previous quarters where cash flow was more severely negative.
  • Total assets grew from approximately $222 billion in Q3 2023 to $245 billion by Q3 2024, indicating asset growth and possible business expansion.
  • Long-term debt remained stable around $3.15 billion, suggesting controlled leverage as the company grows.

Neutral Observations:

  • The company continues to make significant acquisitions each quarter, with over $3 billion spent in Q4 2024 and similar amounts in prior quarters, reflecting an aggressive growth strategy.
  • Repurchase of common equity stays steady around $60 million per quarter, showing a moderate commitment to shareholder returns.
  • Dividends paid hover around $25-26 million per quarter, indicating stable dividend policy despite earnings volatility.

Negative Factors to Watch:

  • Property & liability insurance claims represent a sizable and growing expense, reaching $1.23 billion in Q4 2024 which weighs on profitability.
  • The amortization of deferred policy acquisition costs and other operating expenses remain substantial, constraining earnings with combined costs exceeding $600 million quarterly.
  • Negative income tax expense in some quarters (e.g., Q2 2024) introduces volatility and complexity in earnings results.
  • Net cash from continuing operating activities was negative $290 million in Q4 2024, suggesting working capital or operational cash management challenges during that period.
  • Accumulated other comprehensive losses exceed $4 billion as of Q3 2024, reflecting unrealized losses impacting shareholder equity.
  • The company showed net losses in most of 2023, highlighting the recent improvement is from a low earnings base.

Overall, Brighthouse Financial has demonstrated a strong recovery in earnings and improved capital gains in 2024 compared to 2023. While the company maintains aggressive growth through acquisitions and stable capital return policies, operating expenses and insurance claims continue to pressure margins. Investors should watch cash flow trends and claims costs in upcoming quarters to assess sustainability of the profit turnaround.

08/28/25 10:40 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Brighthouse Financial's Financials

When does Brighthouse Financial's fiscal year end?

According to the most recent income statement we have on file, Brighthouse Financial's financial year ends in December. Their financial 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:BHFAP) was last updated on 8/28/2025 by MarketBeat.com Staff
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