Brighthouse Financial, Inc. - Depositary Shares 6.6% Non-Cumulative Preferred Stock, Series A (BHFAP)
UndervaluedFundamental
45
Price
$13.51
Market Cap
-
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's Structured Capital Strategies suite is the largest registered index-linked annuity franchise in the United States and competes head-to-head with Brighthouse's Shield Level annuities for the same retirement savers and the same advisor distribution.
Prudential's FlexGuard index-linked annuities and its individual life policies target the same US retirement and protection customers as Brighthouse's two operating segments.
Corebridge is one of the largest US issuers of individual annuities and also writes term and universal life, overlapping with both of Brighthouse's product lines.
Jackson is the leading seller of traditional variable annuities in the US and reaches the same independent broker-dealer and RIA channels Brighthouse relies on for its annuity sales.
The US arm of Allianz sells the Index Advantage index-linked annuities and fixed indexed annuities that sit directly alongside Brighthouse's Shield products on the same advisor product shelves.
Lincoln competes with Brighthouse across variable and index-linked annuities and individual life insurance, distributed through the same US wirehouse and independent advisor networks.
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
$152.16
Current Price
$13.51
Margin of Safety
+91.1%
Fair Value Range
$98.90 - $205.41
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
1.08
ROE
6.4%
P/B Ratio
0.12
P/FCF
-
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
0.2%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (8)
- EPS shows upward trend
- P/B Ratio 0.12
- Low reliance on intangibles
- Price below Graham Number
- Earnings Surprise avg 46.0%
- Share Dilution -9.4%
- Net Margin Trend 12.5% vs 10.2%
- Piotroski F-Score 6/9
Failed (9)
- Price CAGR -9.77%
- Debt/Equity ratio
- Positive Free Cash Flow
- Return on Tangible Assets
- DCF valuation (Unknown)
- ROE -1.1%
- Revenue Growth 5Y -4.5%
- Analyst Consensus 0% Buy
- Earnings Quality (OCF/NI) 0.60
Unavailable (10)
- ROIC NaN%
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- 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
Moderate: some gap between profits and cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
No institutional filings reported for this company.
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 |
| Ms. Melissa Bush Pavlovich | Chief Accounting Officer | 52 |
| 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 |
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 BHFAP, sourced from Markets Gazette.