Brighthouse Financial, Inc. (BHF)
UndervaluedFundamental
57
Price
$49.90
Market Cap
$2.87B
Part 1 · What the company is worth
Overview
Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. The company operates through Annuities, Life, and Run-off segments. 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 products for policyholders' needs for financial security and protected wealth transfer. The Run-off segment manages universal life with secondary guarantees, structured settlements, pension risk transfer contracts, various company-owned life insurance policies, and funding agreements. Brighthouse Financial, Inc. was founded in 1863 and is headquartered in Charlotte, North Carolina.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
Equitable is the largest seller of registered index-linked annuities in the United States and competes directly with Brighthouse's Shield Level products through the same broker-dealer and wirehouse distribution.
Corebridge, the former AIG retirement business, sells fixed, index-linked and variable annuities plus individual life to American retirement savers, the identical customer base.
Prudential competes in U.S. individual annuities with buffered index-linked contracts and in individual life insurance, the two markets where Brighthouse earns its revenue.
Jackson is the leading writer of traditional variable annuities in the U.S. and also sells index-linked annuities to the same pre-retirement savers Brighthouse targets.
The U.S. life arm of Allianz SE is consistently the second-largest index-linked annuity issuer in the country, sold through the same independent advisor channels Brighthouse relies on.
Lincoln offers variable, index-linked and fixed annuities alongside individual life insurance, the same two product lines that make up Brighthouse's entire business.
Balance Sheet & Liquidity
Revenue
$6.65B
Trailing 12 months (through 6/30/2026)
Net Income
$831M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
-
Total Equity
$6.77B
Total Liabilities
$234.97B
Current Ratio
-
Interest Coverage
-
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$126.85
Current Price
$49.90
Margin of Safety
+60.7%
Fair Value Range
$82.45 - $171.25
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
4.01
ROE
6.4%
P/B Ratio
0.44
P/FCF
-
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
6.3%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (9)
- EPS shows upward trend
- P/B Ratio 0.44
- Low reliance on intangibles
- Price below Graham Number
- ROE 13.2%
- Earnings Surprise avg 46.0%
- Share Dilution -9.3%
- Net Margin Trend 12.5% vs 10.2%
- Piotroski F-Score 6/9
Failed (7)
- Price CAGR -1.33%
- Debt/Equity ratio
- Return on Tangible Assets
- DCF valuation (Unknown)
- Revenue Growth 5Y -4.5%
- Analyst Consensus 0% Buy
- Earnings Quality (OCF/NI) -0.65
Unavailable (11)
- ROIC NaN%
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
Low quality: investigate accounting
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Eric Thomas Steigerwalt | President, CEO & Director | 63 |
| Mr. Edward Allen Spehar Jr. | Executive VP & CFO | 60 |
| Mr. Myles Joseph Lambert | Executive VP & COO | 50 |
| Mr. John Lloyd Rosenthal C.F.A. | Executive VP & Chief Investment Officer | 64 |
| Ms. Allie Lin J.D. | Executive VP, General Counsel & Corporate Secretary | 47 |
| Mr. Richard Andrew Cook | Chief Accounting Officer | 49 |
| Dr. Jeff Hughes | Executive VP & CTO | - |
| Ms. Dana Amante | Head of Investor Relations | - |
| Ms. Vonda R. Huss | Executive VP & Chief Human Resources Officer | 58 |
| Mr. David Alan Rosenbaum | Executive VP and Head of Product & Underwriting | 49 |
Audit Risk
1
Board Risk
1
Compensation Risk
1
Shareholder Rights Risk
2
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-24
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-06
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-18
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for BHF, sourced from Markets Gazette.
- 3/4/2026POSITIVEThe Sleeper Financial Stock That Could Surge Before Wall Street Notices
Brighthouse Financial (BHF) is an under-the-radar stock with a potential 15% upside, targeting $70 per share before Wall Street catches on. Special situations investors should closely monitor this opportunity. The company, specializing in insurance and annuity products, could benefit from a market repricing that has yet to fully discount its intrinsic value and future growth prospects. Analysis suggests the stock may offer a quick and significant return.
- 2/28/2026POSITIVEOverlooked and Undervalued: Why Brighthouse Financial Deserves Attention
Markets Gazette highlights Brighthouse Financial (BHF) as a compelling investment opportunity. The company is categorized as a "special-situation stock," suggesting its current market valuation may not fully reflect its intrinsic potential. Analysts point to prospects for attractive returns, provided that corporate strategies and market conditions unfold as anticipated. This positioning makes it a noteworthy option for investors seeking undervalued assets and long-term growth, with a risk-reward profile that could appeal to those willing to bet on specific scenarios.
via Markets Gazette