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Brighthouse Financial (BHF) FY2024 results: revenue $4.7 billion, up 14.7% on the year

Brighthouse Financial, Inc. (BHF) reported revenue of $4.7 billion for fiscal 2024, the year ended 31 December 2024, up 14.7% on the year before. Net income was $388 million, and diluted earnings per share $4.64. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.

Revenue
$4.7 billion
+14.7% on the year
FY2017FY2024
Operating margin
8.9%
-35.8% a year earlier
FY2017FY2024
Net income
$388 million
FY2017FY2024
Diluted EPS
$4.64
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue4,7244,1176,873+14.7%
Operating income422-1,4744,732
Operating margin8.9%-35.8%68.8%
Interest expense152153153-0.7%
Pre-tax income422-1,4744,732
Income tax29.0-367848
Effective tax rate6.9%n/a17.9%
Net income388-1,1123,879
Net margin8.2%-27.0%56.4%
Diluted EPS$4.64-$18.39$51.30
$ million except per share.
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.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow-290-137-1,228
Cash from investing-2,194-3,196-8,276
Cash from financing3,6783,0699,145+19.8%
Share-based compensation23.029.022.0-20.7%
Buybacks2502504880.0%
Diluted shares, weighted62m66m74m-6.7%
Shares outstanding at period end59m64m68m-7.7%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity4,9594,9435,533+0.3%
Non-controlling interest65.065.065.00.0%
Debt3,1553,1563,156-0.0%
Other liabilities230,358228,176216,093+1.0%
Total liabilities and equity238,537236,340224,847+0.9%
Investments1,8681,1691,081+59.8%
Cash and equivalents5,0453,8514,115+31.0%
Other assets231,624231,320219,651+0.1%
Total assets238,537236,340224,847+0.9%

10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.