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Brighthouse Financial, Inc. logo

Brighthouse Financial, Inc.

BHFAN

NASDAQFinancial ServicesInsurance - Life

Open in GoAI

Regular session

$11.845

+$0.165 · +1.41%

Aug 25, 10:13 AM ET

BHFAN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

73

Undervalued

Momentum

37

Weakening

Sentiment

65

Bullish

Risk resilience

68

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Brighthouse Financial, Inc. is an American financial services company specializing in a variety of annuity and life insurance offerings. The firm structures its operations across three primary divisions: Annuities, Life, and Run-off. The Annuities segment provides diverse products, including variable, fixed, index-linked, and income annuities. These instruments are designed to assist contract holders in achieving tax-deferred wealth accumulation, ensuring income stability, and facilitating intergenerational asset transfer. The Life segment offers a comprehensive array of life insurance plans—such as term, universal, whole, and variable—to provide policyholders with financial safeguards and secure methods for wealth distribution. Its Run-off division is responsible for overseeing a portfolio of legacy business, encompassing structured settlements, pension risk transfer agreements, select company-owned life insurance policies, funding arrangements, and universal life products featuring secondary guarantees. Established in 2016, the company's headquarters are located in Charlotte, North Carolina.

Industry
Insurance - Life
Sector
Financial Services
Headquarters
US
CEO
Eric T. Steigerwalt
Listed since
Nov 11, 2020
Employees
1,400

Market position

Day range

Current $11.845

52-week range

Current $11.845

Open
$11.65
Previous close
$11.68
Volume
17.65K
0.29× average
Average volume
61.04K
Average daily volume
Market cap
3.71B USD
Beta
0.87
Market reference 1
50-day average
$11.6928
+1.30% above average
200-day average
$12.7154
-6.85% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.47B USD
P/E (TTM)
4.11×
P/B (TTM)
0.46×
P/S (TTM)
0.48×
EV / EBITDA
2.35×
Earnings yield
11.69%
Free cash flow yield
-2.75%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
56.06%
Operating margin
15.52%
Net margin
13.22%
Return on equity
6.40%
Return on assets
0.18%
Return on invested capital
0.30%

Financial health

Debt / equity
0.48×
Current ratio
1.16×
Altman Z-score
0.47
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends113%58%4%-51%Gross margin, FY2021: 85.55%Gross margin, FY2022: 99.16%Gross margin, FY2023: 8.51%Gross margin, FY2024: 46.07%Gross margin, FY2025: 70.94%Operating margin, FY2021: 56.04%Operating margin, FY2022: 71.37%Operating margin, FY2023: -37.32%Operating margin, FY2024: 9.66%Operating margin, FY2025: 7.63%Net margin, FY2021: 45.83%Net margin, FY2022: 58.51%Net margin, FY2023: -28.15%Net margin, FY2024: 8.88%Net margin, FY2025: 6.97%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 85.55%. Gross margin FY2022 99.16%. Gross margin FY2023 8.51%. Gross margin FY2024 46.07%. Gross margin FY2025 70.94%. Operating margin FY2021 56.04%. Operating margin FY2022 71.37%. Operating margin FY2023 -37.32%. Operating margin FY2024 9.66%. Operating margin FY2025 7.63%. Net margin FY2021 45.83%. Net margin FY2022 58.51%. Net margin FY2023 -28.15%. Net margin FY2024 8.88%. Net margin FY2025 6.97%.

Income trends

Revenue

6.21B USD+42.16%

Operating income

474M USD+12.32%

Net income

433M USD+11.60%
Income trends across reported periods7.44B USD4.2B USD957.2M USD−2.28B USDRevenue, FY2021: 3.59B USDRevenue, FY2022: 6.63B USDRevenue, FY2023: 3.95B USDRevenue, FY2024: 4.37B USDRevenue, FY2025: 6.21B USDOperating income, FY2021: 2.01B USDOperating income, FY2022: 4.73B USDOperating income, FY2023: −1.47B USDOperating income, FY2024: 422M USDOperating income, FY2025: 474M USDNet income, FY2021: 1.64B USDNet income, FY2022: 3.88B USDNet income, FY2023: −1.11B USDNet income, FY2024: 388M USDNet income, FY2025: 433M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.59B USD. Revenue FY2022 6.63B USD. Revenue FY2023 3.95B USD. Revenue FY2024 4.37B USD. Revenue FY2025 6.21B USD. Operating income FY2021 2.01B USD. Operating income FY2022 4.73B USD. Operating income FY2023 −1.47B USD. Operating income FY2024 422M USD. Operating income FY2025 474M USD. Net income FY2021 1.64B USD. Net income FY2022 3.88B USD. Net income FY2023 −1.11B USD. Net income FY2024 388M USD. Net income FY2025 433M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue6.21B USD4.37B USD3.95B USD6.63B USD3.59B USD
Cost of goods sold1.81B USD2.36B USD3.61B USD56M USD518M USD
Gross profit4.41B USD2.01B USD336M USD6.57B USD3.07B USD
Selling, general, and administrative—693M USD730M USD647M USD665M USD
Operating expenses3.93B USD1.59B USD1.81B USD1.84B USD1.06B USD
Interest expense152M USD152M USD153M USD153M USD163M USD
Operating income474M USD422M USD−1.47B USD4.73B USD2.01B USD
Net income433M USD388M USD−1.11B USD3.88B USD1.64B USD

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
27%
3 beats, 8 misses, 0 met estimates
Average EPS surprise
-2.43%
11 comparable reports
Latest EPS result
4.45
Estimate 4.86 · Miss by 8.44%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates5.424.693.953.22Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 5.07, estimate 4.34, surprise +16.82%, Beat. Q2 2025, reported May 8, 2025: actual 4.01, estimate 4.58, surprise -12.45%, Miss. Q3 2025, reported Aug 7, 2025: actual 3.43, estimate 4.38, surprise -21.69%, Miss. Q4 2025, reported Nov 7, 2025: actual 4.54, estimate 5.02, surprise -9.56%, Miss. Q1 2026, reported Feb 23, 2026: actual 3.7, estimate 5.21, surprise -28.98%, Miss. Q2 2026, reported May 6, 2026: actual 4.35, estimate 4.57, surprise -4.81%, Miss. Q3 2026, reported Aug 5, 2026: actual 4.45, estimate 4.86, surprise -8.44%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate 5.19, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.42B2.28B2.14B2BQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 2.27B USD, estimate 2.23B USD, surprise +1.59%, Beat. Q2 2025, reported May 8, 2025: actual 2.16B USD, estimate 2.29B USD, surprise -5.48%, Miss. Q3 2025, reported Aug 7, 2025: actual 2.15B USD, estimate 2.2B USD, surprise -2.50%, Miss. Q4 2025, reported Nov 7, 2025: actual 2.18B USD, estimate 2.32B USD, surprise -6.30%, Miss. Q1 2026, reported Feb 23, 2026: actual 2.17B USD, estimate 2.24B USD, surprise -3.42%, Miss. Q2 2026, reported May 6, 2026: actual 2.09B USD, estimate 2.2B USD, surprise -4.93%, Miss. Q3 2026, reported Aug 5, 2026: actual 2.11B USD, estimate 2.18B USD, surprise -3.36%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate 2.2B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

15 ratings
Strong buy00%
Buy00%
Hold1387%
Sell213%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.3438

2025 complete year-8.9% since 2021

2026 partial: $0.6719

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 10, 2026

$0.3359

Quarterly

Record Sep 10, 2026 · Payment Sep 25, 2026

Dividend

Ex-dividend Jun 10, 2026

$0.3359

Quarterly

Record Jun 10, 2026 · Payment Jun 25, 2026

Dividend

Ex-dividend Mar 10, 2026

$0.3359

Quarterly

Record Mar 10, 2026 · Payment Mar 25, 2026

Dividend

Ex-dividend Dec 10, 2025

$0.3359

Quarterly

Record Dec 10, 2025 · Payment Dec 26, 2025

Dividend

Ex-dividend Sep 10, 2025

$0.3359

Quarterly

Record Sep 10, 2025 · Payment Sep 25, 2025

Dividend

Ex-dividend Jun 10, 2025

$0.3359

Quarterly

Record Jun 10, 2025 · Payment Jun 25, 2025

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ETFs holding BHFAN

Funds reporting this stock among their holdings, ordered by reported position size.

Virtus InfraCap U.S. Preferred Stock ETF logoVirtus InfraCap U.S. Preferred Stock ETFPFFA
Market value
19.14M
Weight
0.76%
AUM
2.51B USD
Expense ratio
2.11%
Price / 1D
$20.925-0.00%
iShares Preferred and Income Securities ETF logoiShares Preferred and Income Securities ETFPFF
Market value
16.58M
Weight
0.13%
AUM
13.04B USD
Expense ratio
0.45%
Price / 1D
$30.605+0.31%
Invesco Preferred ETF logoInvesco Preferred ETFPGX
Market value
9.34M
Weight
0.25%
AUM
3.76B USD
Expense ratio
0.50%
Price / 1D
$10.61+0.05%
Invesco Financial Preferred ETF logoInvesco Financial Preferred ETFPGF
Market value
3.31M
Weight
0.50%
AUM
658.76M USD
Expense ratio
0.55%
Price / 1D
$13.455+0.34%
John Hancock Investments - Preferred Income ETF logoJohn Hancock Investments - Preferred Income ETFJHPI
Market value
696.53K
Weight
0.34%
AUM
217.46M USD
Expense ratio
0.54%
Price / 1D
$22.5315+0.01%
Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF logoGoldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETFGPRF
Market value
71.92K
Weight
0.05%
AUM
145.68M USD
Expense ratio
0.45%
Price / 1D
$49.5197-0.04%
Hartford Strategic Income ETF logoHartford Strategic Income ETFHFSI
Market value
70.17K
Weight
0.01%
AUM
1.14B USD
Expense ratio
0.49%
Price / 1D
$35.0251+0.20%
Fidelity Preferred Securities & Income ETF logoFidelity Preferred Securities & Income ETFFPFD
Market value
44.4K
Weight
0.06%
AUM
80.75M USD
Expense ratio
0.59%
Price / 1D
$21.2885+0.25%

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