Brighthouse Financial Inc Stock Research

Market Summary

USD41.50+0.06

Market Closed

0.14%

BHF Alerts

Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)
Losses in recent quarter

BHF Stock Price

BHF RSI Chart

BHF Valuation

Market Cap

2.8B

Price/Earnings (Trailing)

-2.47

Price/Sales (Trailing)

0.4

EV/EBITDA

-1.53

Price/Free Cashflow

-1.88

BHF Price/Sales (Trailing)

BHF Profitability

EBT Margin

-2.03%

Return on Equity

0.08%

Return on Assets

Free Cashflow Yield

-53.2%

BHF Fundamentals

BHF Revenue

Revenue (TTM)

7.0B

Revenue Y/Y

-53.14%

Revenue Q/Q

182.82%

BHF Earnings

Earnings (TTM)

-1.1B

Earnings Y/Y

-177.73%

Earnings Q/Q

46.97%

Price Action

52 Week Range

38.3860.54

(Low)(High)

Last 7 days

0.5%

Last 30 days

-6.1%

Last 90 days

-28.9%

Trailing 12 Months

-16.5%

BHF Financial Health

Debt/Equity

0.53

Debt/Cashflow

-0.36

BHF Investor Care

Buy Backs (1Y)

11.08%

Diluted EPS (TTM)

-17.74

Peers (Alternatives to Brighthouse Financial)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TRV	40.0B	37.8B	-4.33%	-0.47%	14.3	1.06	6.99%	-29.09%
MET	39.7B	69.5B	-15.78%	-22.60%	20.37	0.57	-2.45%	-71.62%
PRU	38.7B	63.9B	-6.69%	-21.84%	125.56	0.61	-4.94%	-99.02%
RE	24.6B	12.4B	-7.03%	24.77%	41.2	1.98	3.58%	-56.71%
GL	11.1B	5.2B	-3.11%	7.41%	-13.79	2.12	1.42%	-128.16%
ATH	-	12.0B	-	-	-	-	-71.04%	-208.46%
MID-CAP
PRI	6.7B	2.7B	1.45%	47.60%	16.18	2.48	-1.60%	16.75%
LNC	3.7B	17.9B	-0.23%	-60.74%	-1.14	0.21	-10.49%	-282.57%
AEL	3.1B	1.9B	4.57%	-1.64%	6.28	1.62	-61.63%	-34.16%
BHF	2.8B	7.0B	-6.11%	-16.50%	-2.47	0.4	-21.55%	-201.34%
GNW	2.8B	7.5B	-2.58%	38.39%	5.28	0.37	-3.49%	-39.72%
SMALL-CAP
VERY	110.6M	169.0M	-0.77%	-0.01%	-6.53	1.09	-2.78%	-2.63%
AAME	50.3M	192.4M	-2.76%	-23.19%	16	0.26	-8.30%	-76.65%

Financials for Brighthouse Financial

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-17.2%	7,017	8,473	10,035	11,065	8,944
Operating Expenses	-1.5%	2,053	2,085	2,298	2,382	2,399
EBITDA	-101.5%	-20.00	1,356	2,715	1,527	-
EBITDA Margin	-101.7%	0.00*	0.14*	0.36*	0.17*	-
Earnings Before Taxes	-848.8%	-1,632	-172	1,201	2,559	1,367
EBT Margin	-117.0%	-0.02*	0.12*	0.34*	0.15*	-
Interest Expenses	0%	152	152	155	156	160
Net Income	-22780.0%	-1,134	5.00	1,011	2,071	1,119
Net Income Margin	-99.4%	0.00*	0.10*	0.27*	0.12*	-
Free Cahsflow	-37.5%	-1,151	-837	695	687	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	2.0%	230,002	225,580	221,641	228,211	245,052
Cash Equivalents	-10.4%	3,685	4,115	4,793	5,071	4,101
Liabilities	2.1%	224,183	219,542	215,762	217,955	232,173
Long Term Debt	0.0%	3,157	3,156	3,156	3,157	3,157
Shareholder's Equity	-2.6%	5,819	5,973	5,814	10,256	12,879
Retained Earnings	-40.3%	-894	-637	304	981	-2.00
Additional Paid-In Capital	-0.1%	14,054	14,075	14,095	14,113	14,133
Shares Outstanding	-1.3%	67.00	68.00	70.00	73.00	76.00
Minority Interest	0%	65.00	65.00	65.00	65.00	65.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-29.3%	-1,488	-1,151	-837	695	687
Cashflow From Investing	14.4%	-7,082	-8,276	-10,169	-12,845	-14,557
Cashflow From Financing	-10.1%	8,154	9,068	11,691	12,339	13,946
Buy Backs	-13.3%	423	488	553	566	558

Risks for BHF

What is the probability of a big loss on BHF?

88.8%

Probability that Brighthouse Financial stock will be more than 20% underwater in next one year

63.5%

Probability that Brighthouse Financial stock will be more than 30% underwater in next one year.

31.5%

Probability that Brighthouse Financial stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BHF drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Brighthouse Financial was unfortunately bought at previous high price.

Drawdowns

Returns for BHF

Cumulative Returns on BHF

-2.5%

5-Year Cumulative Returns

11.8%

3-Year Cumulative Returns

What are the long-term rolling returns for BHF?

FIve years rolling returns for Brighthouse Financial.

Annualized Returns

Which funds bought or sold BHF recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	sold off	-100	-489,167	-	-%
2023-05-25	Brandywine Global Investment Management, LLC	added	99.67	7,541,870	18,048,200	0.07%
2023-05-23	ROYCE & ASSOCIATES LP	added	67.4	2,783,920	9,107,300	0.09%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-6.36	-1,481,750	6,142,250	-%
2023-05-22	EMC Capital Management	unchanged	-	-8,000	53,000	0.04%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-2,512	-	-%
2023-05-18	JPMORGAN CHASE & CO	added	70.88	3,019,350	9,440,350	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-8.2	-869,000	3,268,000	-%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	added	53.25	1,135,400	2,537,860	0.03%
2023-05-17	Thrivent Financial for Lutherans	reduced	-0.04	-773,000	4,746,000	0.01%

Latest Funds Activity

Are funds buying BHF calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BHF

No. of Funds

Brighthouse Financial News

Schedule 13G FIlings of Brighthouse Financial

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	dodge & cox	13.2%	9,095,683	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.0%	31,538	SC 13G/A
Feb 09, 2023	vanguard group inc	10.12%	6,998,627	SC 13G/A
Jan 26, 2023	blackrock inc.	10.3%	7,111,476	SC 13G/A
Jan 20, 2023	blackrock inc.	10.3%	7,111,476	SC 13G/A
Jun 09, 2022	blackrock inc.	10.2%	7,606,720	SC 13G
Mar 09, 2022	vanguard group inc	10.55%	8,082,227	SC 13G/A
Feb 14, 2022	dodge & cox	11.8%	9,452,287	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	5.6%	4,520,762	SC 13G/A
Feb 09, 2022	vanguard group inc	9.70%	7,743,112	SC 13G/A

BHF Fair Value

Show Fair-Value

Recent SEC filings of Brighthouse Financial

View All Filings

Date Filed	Form Type	Document
May 09, 2023	10-Q	Quarterly Report
May 08, 2023	8-K	Current Report
Apr 27, 2023	ARS	ARS
Apr 27, 2023	DEF 14A	DEF 14A
Apr 27, 2023	DEFA14A	DEFA14A
Apr 17, 2023	8-K	Current Report
Apr 14, 2023	PRE 14A	PRE 14A
Apr 06, 2023	3/A	Insider Trading
Mar 28, 2023	4	Insider Trading
Mar 28, 2023	3	Insider Trading

Latest Insider Trading transactions for BHF

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-01	Steigerwalt Eric T	acquired	6,313,350	58.35	108,198	president and ceo
2023-03-01	Lambert Myles	acquired	1,110,630	58.35	19,034	evp,chief mktg.& dist. officer
2023-03-01	Toscano Kristine	sold (taxes)	-20,889	58.35	-358	chief accounting officer
2023-03-01	Huss Vonda	acquired	515,989	58.35	8,843	evp & chief hr officer
2023-03-01	Huss Vonda	acquired	-	-	5,869	evp & chief hr officer
2023-03-01	Lin Allie	acquired	-	-	919	evp & general counsel
2023-03-01	Lin Allie	sold (taxes)	-26,607	58.35	-456	evp & general counsel
2023-03-01	Lambert Myles	acquired	-	-	10,323	evp,chief mktg.& dist. officer
2023-03-01	Rosenthal John	sold (taxes)	-1,165,950	58.35	-19,982	evp & chief investment officer
2023-03-01	Rosenthal John	acquired	1,517,680	58.35	26,010	evp & chief investment officer

About Brighthouse Financial

Eric T. Steigerwalt

1500

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.

BHF Income Statement

2023-03-31

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues
Premiums	$ 197	$ 166
Universal life and investment-type product policy fees	606	680
Net investment income	1,059	1,151
Other revenues	93	138
Net investment gains (losses)	(96)	(68)
Net derivative gains (losses)	(575)	(54)
Total revenues	1,284	2,013
Expenses
Policyholder benefits and claims (including liability remeasurement gains (losses) of $0 and $0, respectively)	687	675
Interest credited to policyholder account balances	422	248
Amortization of deferred policy acquisition costs and value of business acquired	156	157
Change in market risk benefits	194	(1,579)
Other expenses	478	509
Total expenses	1,937	10
Income (loss) before provision for income tax	(653)	2,003
Provision for income tax expense (benefit)	(156)	416
Net income (loss)	(497)	1,587
Less: Net income (loss) attributable to noncontrolling interests	2	2
Net income (loss) attributable to Brighthouse Financial, Inc.	(499)	1,585
Less: Preferred stock dividends	26	27
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders	(525)	1,558
Comprehensive income (loss)	321	(1,001)
Less: Comprehensive income (loss) attributable to noncontrolling interests	2	2
Comprehensive income (loss) attributable to Brighthouse Financial, Inc.	$ 319	$ (1,003)
Earnings per common share
Basic	$ (7.72)	$ 20.27
Diluted	$ (7.72)	$ 20.11

BHF Balance Sheet

2023-03-31

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Investments:
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $84,693 and $84,344, respectively; allowance for credit losses of $5 and $7, respectively)	$ 77,685	$ 75,577
Equity securities, at estimated fair value	91	89
Mortgage loans (net of allowance for credit losses of $136 and $119, respectively)	22,823	22,936
Policy loans	1,273	1,282
Limited partnerships and limited liability companies	4,803	4,775
Short-term investments, principally at estimated fair value	1,386	1,081
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $13, respectively)	3,229	2,852
Total investments	111,290	108,592
Cash and cash equivalents	3,685	4,115
Accrued investment income	985	885
Premiums, reinsurance and other receivables (net of allowance for credit losses of $10 and $10, respectively)	18,967	18,548
Deferred policy acquisition costs and value of business acquired	5,027	5,084
Current income tax recoverable	30	38
Deferred income tax asset	1,673	1,736
Market risk benefit assets	510	483
Other assets	395	401
Separate account assets	87,440	84,965
Total assets	230,002	224,847
Liabilities
Future policy benefits	32,286	31,497
Policyholder account balances	76,120	73,527
Market risk benefit liabilities	10,729	10,389
Other policy-related balances	3,816	4,098
Payables for collateral under securities loaned and other transactions	4,401	4,560
Long-term debt	3,157	3,156
Other liabilities	6,234	7,057
Separate account liabilities	87,440	84,965
Total liabilities	224,183	219,249
Contingencies, Commitments and Guarantees (Note 12)
Brighthouse Financial, Inc.’s stockholders’ equity:
Preferred stock, par value $0.01 per share; $1,753 aggregate liquidation preference	0	0
Common stock, par value $0.01 per share; 1,000,000,000 shares authorized; 122,717,866 and 122,153,422 shares issued, respectively; 67,401,618 and 68,278,068 shares outstanding, respectively	1	1
Additional paid-in capital	14,054	14,075
Retained earnings (deficit)	(894)	(395)
Treasury stock, at cost; 55,316,248 and 53,875,354 shares, respectively	(2,119)	(2,042)
Accumulated other comprehensive income (loss)	(5,288)	(6,106)
Total Brighthouse Financial, Inc.’s stockholders’ equity	5,754	5,533
Noncontrolling interests	65	65
Total equity	5,819	5,598
Total liabilities and equity	$ 230,002	$ 224,847