Brighthouse Financial, Inc.

Brighthouse Financial, Inc.

BHFยทNASDAQ

$62.40

-0.20%
Financial ServicesInsurance - Life

Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security. The Life segment provides term, universal, whole, and variable life policies for policyholders' needs for financial security and protected wealth transfer. The Run-off segment manages structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements, and universal life with secondary guarantees. The company was incorporated in 2016 and is based in Charlotte, North Carolina.

At a Glance

Live Snapshot
Market Cap$3.58B
EPS5.7900
P/E Ratio10.78
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 10.8).

Valuation inputs: P/E 10.8, earnings yield +9.3%, momentum -0.2%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +6.4%, ROIC +0.2%).

Profitability stack: net margin +7.0%, ROE +6.4%, ROIC +0.2%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +97.2%, momentum -0.2%, net margin +7.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Brighthouse Financial, Inc. Market vs Earnings Trajectory

BHF ยท NASDAQ

Loading price and EPS data...

Brighthouse Financial, Inc.

Brighthouse Financial, Inc. Fair Value Envelope

BHF ยท NASDAQ

Our analysis suggests that BHF has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $62.4, this represents a potential HIDDEN relative to our calculated worth for Brighthouse Financial, Inc..

Intrinsic Value
Current Price: $62.4
3Y-89.0%
5Y-150.0%
10Y-124.0%
3Y-6.0%
5Y-25.0%
10Y+103.0%
3Y-89.0%
5Y-141.0%
10Y-115.0%
3Y-92.0%
5Y-111.0%
10Y-103.0%
3Y-92.0%
5Y-111.0%
10Y-102.0%
3Y+7.0%
5Y-3.0%
10Y+8.0%
Brighthouse Financial, Inc.

Brighthouse Financial, Inc. Profit Bridge

BHF ยท NASDAQ
Revenue6.21B
Cost of Goods Sold (1.80B)
Gross Profit4.41B
Operating Expenses (3.93B)
Operating Income474.00M
Interest Expense (152.00M)
Other Income/Expense0.00
Pretax Income474.00M
Income Tax (36.00M)
Net Income433.00M
Net Income
433.00M

Profitability Analysis

Gross Margin

70.9%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

7.6%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

7.0%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

7.6%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

70.94%
Gross Profit Margin
54%
3Y-28.0%
5Y+741.0%
10Y-191.0%
7.63%
Operating Profit Margin
-21%
3Y-89.0%
5Y-144.0%
10Y-105.0%
6.97%
Net Profit Margin
-21%
3Y-88.0%
5Y-154.0%
10Y-107.0%
6.40%
Return on Equity
-18%
3Y-91.0%
5Y-209.0%
10Y-132.0%
0.18%
Return on Assets
11%
3Y-90.0%
5Y-142.0%
10Y-114.0%
0.18%
Return on Invested Capital
11%
3Y-89.0%
5Y-134.0%
10Y-109.0%
BHF

Brighthouse Financial, Inc. Cash Conversion Engine

BHF ยท NASDAQ
Net Income433.00M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital0.00
Others-535.00M
Capital Expenditures0.00
Free Cash Flow-102.00M

Cash Flow Quality Analysis

FCF Conversion Rate

-23.6%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

FCF Growth Trend

+64.8%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$0.00

Neutral working capital impact. Changes in current assets and liabilities balanced out.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

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Brighthouse Financial, Inc. Funding & Solvency Profile

BHF ยท NASDAQ
Cash & Cash Equivalents4.91B
Net Receivables0.00
Inventory0.00
Other Current Assets0.00
Total Current Assets86 B
Property, Plant & Equipment0.00
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets0
Total Assets
236.80B

Financial Health Analysis

Current Ratio

5383.69x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

41.08x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

86 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

36% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

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Brighthouse Financial, Inc. Street Expectations Map

BHF ยท NASDAQ

Wall Street analysts project that BHF stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 65.00, with estimates ranging from a low of 65.00 to a high of 65.00.

Lowest Target
65.00
4.17%
Consensus Target
65.00
4.17%
Highest Target
65.00
4.17%

The consensus 1-year price target stands at 65.00, with estimates ranging from a low of 65.00 to a high of 65.00.

Analyst Consensus Analysis

Upside Potential

+4.2%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Efficient pricing: Stock trading at fair value with strong consensus suggests market has priced in expectations. Look for fundamental inflection points or new catalysts to drive meaningful moves.

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Brighthouse Financial, Inc. Insider Positioning

BHF ยท NASDAQ

During the last 12 months, there has been no insider trading activity reported for BHF.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.00%
Dividend Yield
-100%
3Y-100.0%
5Y-100.0%
10Y-100.0%
ย 

bhf Dividend History

BHF
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%