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Brighthouse Financial, Inc. (BHF)

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Brighthouse Financial, Inc. (BHF) reported revenue of $1.6 billion for Q2 FY2026, the quarter ended 30 June 2026, up 86.2% on the same quarter a year earlier. Net income was $981 million, up 1054.1% on the year, and diluted earnings per share $16.53. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$1.6 billionup 86.2%
Net income$981 millionup 1054.1%
Diluted EPS$16.53
QuarterQ2 FY2026ended 30 June 2026

Brighthouse Financial (BHF) in brief

Brighthouse Financial (BHF) reported revenue of $6.8 billion for fiscal 2025, the year ended 31 December 2025, up 43.2% on the year before.
Read moreNet income was $433 million and diluted earnings per share $5.71. Revenue was $4.7 billion in fiscal 2024, $4.1 billion in fiscal 2023, $6.9 billion in fiscal 2022 and $5.0 billion in fiscal 2021. Net income in the same years was $388 million, a loss of $1.1 billion, $3.9 billion and $1.6 billion. Over the twelve months to 30 June 2026, Brighthouse Financial reported revenue of $6.7 billion and net income of $831 million. Revenue fell 4.5% a year, compounded, over the five years to fiscal 2025. Brighthouse Financial had 58 million shares outstanding at the latest filed count. At the close of 8 October 2026 the market cap of Brighthouse Financial was $2.8 billion, 3.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE12.7%
ROCE10.0%
Operating margin14.7%
Net margin12.5%
FCF marginn/a
Interest covern/a
Debt to equity0.48
Cash conversion-0.65
Share count, 1 year0.7%
Sales CAGR, 3 years-0.5%
Profit CAGR, 3 years-51.9%
EPS, TTM$12.44

At the close of 8 October 2026

Price$48.99
Market cap$2.8 billion
Stock P/E3.94
Price to book0.43
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales0.42
52-week high$66.61
52-week low$45.14
Price, 1 year0.7%
Price CAGR, 3 years1.0%
Price CAGR, 5 years-0.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Brighthouse Financial, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
BHFgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on BHF

Filings17 in twelve months: 9 current reports (8-K), about 5 results of operations; 2 shareholder vote; 2 regulation fd disclosure; 1 officer or director change; 1 other events
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.49 by open interest at the 8 October 2026 close; the straddle prices a 8.7% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Greenlight Capital; 3 Schedule 13D or 13G filings in twelve months
Insider trading0 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest7.9 million shares short, 8.30 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,1701,40074.01,4272,0181,2052,3908711,8161,6891,5271,622
Operating income590-1,174-61414.0188834-35493.0585150-9861,226
Operating margin50%-84%-830%1%9%69%-15%11%32%9%-65%76%
Pre-tax income590-1,174-61414.0188834-35493.0585150-9861,226
Tax rate18%n/an/a-143%5%19%n/a9%18%8%n/a20%
Net income479-917-49334.0176671-26885.0479137-766981
Net margin41%-66%-666%2%9%56%-11%10%26%8%-50%60%
Diluted EPS$6.89-$14.70-$8.22$0.12$2.47$10.27-$5.04$1.02$7.89$1.84-$13.82$16.53
Operating cash flow339152-53033424.0-118146-1.0117-3.0-221-431
Buybacks64.060.062.064.064.060.059.043.00.00.00.00.0
Shares outstanding65m64m63m61m60m59m58m57m57m57m57m58m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 11 fiscal years and the trailing twelve months

FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue8,8913,0186,8428,9656,5548,5034,9766,8734,1174,7246,7666,654
Operating income1,462-4,705-615989-1,052-1,4192,0094,732-1,474422474975
Operating margin16.4%-155.9%-9.0%11.0%-16.1%-16.7%40.4%68.8%-35.8%8.9%7.0%14.7%
Interest expensen/a133135158191184163153153152152n/a
Pre-tax income1,462-4,705-615989-1,052-1,4192,0094,732-1,474422474975
Income tax343-1,766-237119-317-363361848-36729.036.0139
Effective tax rate23.5%n/an/a12.0%n/an/a18.0%17.9%n/a6.9%7.6%14.3%
Net income1,119-2,939-378865-740-1,0611,6433,879-1,112388433831
Net margin12.6%-97.4%-5.5%9.6%-11.3%-12.5%33.0%56.4%-27.0%8.2%6.4%12.5%
Diluted EPSn/a-$24.54-$3.16$7.21-$6.76-$11.58-$2.36$51.30-$18.39$4.64$5.71$12.44
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Annuities9441,9323,63853.8%
Run-off1,4059961,27418.8%
Life1,1991,1131,14917.0%
Corporate Segment and Other Operating Segment56968370510.4%
AnnuitiesRun-offLifeCorporate Segment and Other Operating Segment
4,117FY20234,724FY20246,766FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Brighthouse Financial: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow4,6313,7363,3963,0621,828888641-1,228-137-290259-538
Cash from investing-7,0424,674-3,915-4,538-7,341-5,843-12,238-8,276-3,196-2,194751-506
Cash from financing2,380-4,752-2,8523,7644,2456,18611,9639,1453,0693,678-6682,609
Share-based compensationn/an/an/an/a21.021.023.022.029.023.042.0n/a
Buybacksn/a0.00.01054424734994882502501020.0
Dividends paid6995560.0n/an/an/an/an/an/an/an/an/a
Diluted shares, weightedn/a120m120m120m113m95m84m74m66m62m58m58m
Shares outstanding at period endn/a0120m118m106m88m78m68m64m59m57m58m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity16,83914,86214,51514,41816,17218,02316,1425,5334,9434,9596,7686,550
Non-controlling interestn/a0.065.065.065.065.065.065.065.065.065.065.0
Debtn/a1,9103,6123,9634,3653,4363,1573,1563,1563,1553,1553,154
Other liabilitiesn/a205,158206,000187,848206,657226,345242,893216,093228,176230,358231,812237,411
Total liabilities and equityn/a221,930224,192206,294227,259247,869262,257224,847236,340238,537241,800247,180
Owned
Intangible assets13612010591.078.0n/an/an/an/an/an/an/a
Investmentsn/a1,2883120.01,9583,2421,8411,0811,1691,8681,197n/a
Securities held for sale or to maturityn/an/an/an/an/an/an/an/an/an/an/a80,823
Loansn/a9,24210,627n/an/an/an/an/an/an/an/an/a
Cash and equivalents1,5705,2281,8574,1452,8774,1084,4744,1153,8515,0455,3877,105
Other assetsn/a206,052211,291202,058222,346240,519255,942219,651231,320231,624235,216159,252
Total assetsn/a221,930224,192206,294227,259247,869262,257224,847236,340238,537241,800247,180
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded-2.7%-4.5%-0.5%2.6%
Profit growth, compounded-9.1%n/a-51.9%25.2%
Return on equity, average4.5%14.4%-2.8%6.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Manulife Financial Corporation MFC *$69.9 billion19.3511.1%n/an/a0.153.4%
Metlife Inc. MET$62.8 billion18.8313.2%8.3%8.7%0.522.3%
Sun Life Financial Inc. SLF *$42.0 billion17.5714.5%n/a8.0%0.333.5%
Prudential Financial Inc. PRU$39.2 billion10.2912.4%7.6%9.4%0.624.8%
Reinsurance Group of America Inc. RGA$16.7 billion11.2411.0%7.2%19.4%0.421.4%
Corebridge Financial, Inc. CRBG$15.3 billion20.128.5%5.4%29.1%0.832.8%
Globe Life Inc. GL$15.3 billion11.0319.7%24.2%5.2%0.480.7%
Voya Financial, Inc. VOYA$8.8 billion16.3013.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.5 billion11.0731.5%29.9%8.6%0.241.5%
Selective Insurance Group Inc. SIGI$5.1 billion10.5613.6%11.5%7.0%0.251.8%
CNO Financial Group, Inc. CNO$5.0 billion18.4010.8%13.3%6.0%0.521.3%
Brighthouse Financial, Inc. BHF$2.8 billion3.9412.7%14.7%2.6%0.48n/a
All 52 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.09 trillion12.7311.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$335.7 billion23.8713.5%4.8%6.5%0.672.4%
Chubb Ltd. CB$132.6 billion12.1614.8%23.1%8.0%0.231.1%
Progressive Corp. PGR$127.2 billion10.9734.1%16.2%10.5%0.246.4%
Elevance Health, Inc. ELV$86.9 billion17.8211.1%2.7%6.3%0.691.7%
Marsh & Mclennan Companies, Inc. MRSH$83.0 billion21.2325.8%21.6%8.3%1.272.0%
Travelers Companies, Inc. TRV$77.2 billion9.8725.1%21.1%2.4%0.270.8%
Cigna Group CI$74.3 billion11.6315.1%3.5%7.8%0.682.1%
Manulife Financial Corporation MFC *$69.9 billion19.3511.1%n/an/a0.153.4%
Metlife Inc. MET$62.8 billion18.8313.2%8.3%8.7%0.522.3%
Arthur J. Gallagher & Co. AJG$60.0 billion38.816.6%12.6%26.3%0.571.1%
Aon plc AON$58.8 billion15.2840.8%26.5%4.9%1.351.1%
Allstate Corp. ALL$58.6 billion4.6139.4%23.2%5.9%0.221.7%
Aflac Inc. AFL$57.7 billion12.4016.0%32.0%13.6%0.282.0%
Humana Inc. HUM$46.5 billion36.626.7%1.9%18.3%0.620.9%
Sun Life Financial Inc. SLF *$42.0 billion17.5714.5%n/a8.0%0.333.5%
American International Group, Inc. AIG$40.4 billion14.097.3%13.6%-4.2%0.222.3%
Prudential Financial Inc. PRU$39.2 billion10.2912.4%7.6%9.4%0.624.8%
Hartford Insurance Group, Inc. HIG$35.1 billion8.3722.2%17.3%7.0%0.221.7%
Arch Capital Group Ltd. ACGL$32.8 billion7.5119.5%26.9%0.4%0.185.2%
Centene Corp. CNC$31.9 billionn/a-22.6%-2.8%13.9%0.71n/a
Everest Group, Ltd. EG$27.8 billion7.8912.4%13.4%-5.1%0.032.1%
Willis Towers Watson plc WTW$27.7 billion18.3220.4%22.2%3.0%0.751.2%
W. R. Berkley Corp. WRB$26.7 billion14.7919.6%n/a4.3%n/a2.6%
Cincinnati Financial Corp. CINF$25.4 billion7.7920.0%29.8%19.6%0.052.1%
Principal Financial Group Inc. PFG$23.6 billion15.6412.8%11.9%3.7%0.362.8%
Loews Corp. L$22.0 billion13.208.8%12.3%3.5%0.470.2%
Brown & Brown, Inc. BRO$21.0 billion20.119.6%n/a34.2%0.621.0%
Reinsurance Group of America Inc. RGA$16.7 billion11.2411.0%7.2%19.4%0.421.4%
Corebridge Financial, Inc. CRBG$15.3 billion20.128.5%5.4%29.1%0.832.8%
Globe Life Inc. GL$15.3 billion11.0319.7%24.2%5.2%0.480.7%
Unum Group UNM$14.7 billion21.596.5%6.8%3.4%0.351.9%
Equitable Holdings, Inc. EQH$14.6 billionn/an/a-5.7%-22.1%n/a2.0%
Renaissancere Holdings Ltd. RNR$13.9 billion5.6522.3%39.6%-14.0%0.200.5%
Assurant, Inc. AIZ$13.5 billion13.0317.4%9.9%9.4%0.351.2%
Erie Indemnity Co. ERIE$11.8 billion20.5223.4%17.9%3.7%0.00n/a
American Financial Group Inc. AFG$11.8 billion12.4119.8%14.5%-0.2%0.385.1%
Fidelity National Financial, Inc. FNF$10.7 billion13.8610.4%11.3%13.0%0.595.1%
Molina Healthcare, Inc. MOH$10.2 billionn/a-0.2%0.5%2.6%0.90n/a
OLD Republic International Corp. ORI$9.3 billion8.4518.7%14.8%12.1%n/a9.5%
Voya Financial, Inc. VOYA$8.8 billion16.3013.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.5 billion11.0731.5%29.9%8.6%0.241.5%
Kinsale Capital Group, Inc. KNSL$7.7 billion13.7627.9%35.7%15.8%0.110.2%
Hanover Insurance Group, Inc. THG$7.7 billion10.5920.6%15.4%5.6%0.23n/a
First American Financial Corp. FAF$6.4 billion8.7013.3%12.3%22.6%n/a3.5%
Mgic Investment Corp. MTG$5.8 billion8.7114.1%74.0%-1.9%0.132.2%
Essent Group Ltd. ESNT$5.7 billion8.8712.0%62.0%4.3%0.082.1%
RLI Corp. RLI$5.2 billion11.8325.0%28.0%8.7%0.174.7%
Selective Insurance Group Inc. SIGI$5.1 billion10.5613.6%11.5%7.0%0.251.8%
CNO Financial Group, Inc. CNO$5.0 billion18.4010.8%13.3%6.0%0.521.3%
Brighthouse Financial, Inc. BHF$2.8 billion3.9412.7%14.7%2.6%0.48n/a
Ryan Specialty Holdings, Inc. RYANn/an/a19.4%14.8%14.4%7.13n/a
9 companies share its SEC industry code (Life Insurance); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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