BHF · NASDAQ · Insurance - Life

Brighthouse Financial

Sells annuities and life insurance while managing a legacy run-off book.

$56.80
After-hours close+3.74 (+7.05%)
At close$53.06(−2.03%)
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Profile

Brighthouse Financial, Inc.BHFFinancials

Sells annuities and life insurance through third-party channels in the United States, while a Run-off segment manages legacy products. New sales emphasize Shield Level Annuities and life products; reinsurance and risk management shape the market-sensitive guarantee book.

Variable, fixed, index-linked and income annuities sit alongside term, universal, whole and variable life insurance. Annuities and Life are active sales lines, while Run-off manages products no longer sold, including legacy contracts from predecessor businesses. Corporate & Other supports the operating structure.

Sales flow through third-party distribution channels in the United States, with Shield Level Annuities and life products identified as flagship sales lines. The company separates parts of the variable-annuity and first-generation Shield businesses for risk-management purposes. The insurance model depends on regulation, reinsurance, hedge and risk-management work, and exposure to market conditions and policyholder behavior tied to annuity guarantees and legacy contracts.

Company facts

CEOEric T. Steigerwalt
ListedAug 7, 2017
ExchangeNASDAQ
HeadquartersCharlotte, NC
CountryUnited States
Employees1,400
CIK0001685040
ISINUS10922N1037

Key statistics

Market cap$3.05B
EPS (ttm)$12.67
P/E (ttm)4.19
ROE13.2%
P/B0.4675
P/S0.4849
Dividend yield
Beta0.11vs XLF 0.47

Year to date −17.8% · Average volume (30d) 950.7K

Analysts

Price target, next 12 months$55.00+3.7%Median of 20 analysts · vs the Aug 28 close
ConsensusHold1 of 20 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Jan 8, 2026BarclaysDowngradeOverweightEqual Weight$65
Nov 12, 2025Raymond JamesDowngradeStrong BuyMarket Perform
Nov 6, 2025Morgan StanleyTarget$46$70
Oct 9, 2025Evercore ISITarget$55
Oct 7, 2025Morgan StanleyReiterateUnderweight$52$46

Earnings

EPS

Estimate$5.19
ReportedDue Nov 5, 2026

Revenue

Estimate$2.20B
ReportedDue Nov 5, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 6, 2026Q2 FY26$4.86$4.45−8.4%$2.18B$2.11B−3.4%−2.20%
Aug 5, 2026Q2 FY26$4.86$4.45−8.4%$2.18B$2.11B−3.4%+0.50%
May 6, 2026Q1 FY26$4.75$4.35−8.4%$2.20B$2.09B−4.9%−1.42%
Feb 23, 2026Q4 FY25$5.19$3.93−24.3%$2.24B$2.17B−3.4%−1.09%
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Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$2.32B$790.0M$1.71B$1.56B$1.40B$1.62B
Gross profit−$14.0M$414.0M$872.0M$859.0M$761.0M$1.03B
Operating income−$354.0M$93.0M$585.0M$150.0M−$986.0M$1.23B
Net income−$268.0M$85.0M$479.0M$137.0M−$766.0M$981.0M
Diluted EPS−$5.04$1.02$7.89$1.94−$13.72$16.56
Gross margin-0.6%52.4%51.1%55.2%54.4%63.6%
Operating margin-15.3%11.8%34.3%9.6%-70.5%75.6%

Fiscal years (4-quarter sums)FY21 $6.09B · FY22 $7.21B · FY23 $3.95B · FY24 $4.44B · FY25 $6.37B

Revenue by product · Q2 FY26

Investment Product$578.0M · 67%
Life Insurance Product Line$278.0M · 32%
Accident And Health Insurance Product Line$8.0M · 1%

Balance sheet, Jun 30, 2026Cash & short-term investments $7.11B · Total debt $3.15B · Total assets $247.18B · Shareholders' equity $6.55B

Dividends

No dividends on record.

Ownership

Institutions 99.60%Insiders 1.34%

Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.

Shares outstanding 57.45M · Float 56.59M · 98.5% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
BlackRock, Inc.5.39M9.39%13FAug 7, 2026
UBS Group AG4.20M7.31%13FAug 13, 2026
Dimensional Fund Advisors LP3.63M6.30%13GJul 14, 2026
Dme Capital Management, LP2.84M4.95%13FAug 14, 2026
American Century Companies Inc2.65M4.62%13FAug 12, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

CompareAfter-hours close

CompanyPriceChange
Brighthouse Financial$56.80+7.05%$3.05B4.22.70.5+166.5%
Equitable$49.68−1.04%$13.70B6.21.3−29.8%
Corebridge Financial$32.50−0.35%$14.54B19.16.41.5+482.9%
Jackson Financial$134.00−0.07%$9.36B172.04.51.4
Lincoln Financial$43.25−0.07%$8.29B3.75.30.4+21.2%
Prudential Financial$119.79+0.01%$41.57B10.88.50.6+2.8%
F&G Annuities & Life$23.98−0.12%$3.18B8.35.60.5+5.8%
Median10.85.91.0+5.8%