Brighthouse Financial is the provider of annuity products and life insurance in the United States through multiple independent distribution channels and marketing arrangements with a diverse network of distribution partners. The Company operates through three segments: Annuities, Life and Run-off. The Annuities segment provides variable, fixed, index-linked and income annuities designed to address contract holders’ needs for protected wealth accumulation on a tax-deferred basis, wealth transfer and income security. The Company's Life segment offers term, whole, universal and variable life products designed to address policyholders’ needs for financial security and protected wealth transfer, which may be provided on a tax-advantaged basis. And its Run-off segment consists of products no longer actively sold and which are separately managed, including structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements and universal life with secondary guarantees.

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Employee Rating

3.9More
TypePublic
HQCharlotte, US
Founded2017
Size (employees)1,260 (est)
Websitebrighthousefinancial.com
Brighthouse Financial was founded in 2017 and is headquartered in Charlotte, US
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Key People/Management at Brighthouse Financial

Eric T. Steigerwalt

Eric T. Steigerwalt

President, CEO
Anant Bhalla

Anant Bhalla

EVP, CFO
Christine M. DeBiase

Christine M. DeBiase

General Counsel, EVP, Chief Administrative Officer
Myles J. Lambert

Myles J. Lambert

EVP, Chief Distribution and Marketing Officer
Conor Murphy

Conor Murphy

COO, EVP, Chief Product and Strategy Officer
John L. Rosenthal

John L. Rosenthal

EVP, Chief Investment Officer
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Brighthouse Financial Office Locations

Brighthouse Financial has an office in Charlotte
Charlotte, US (HQ)
11225 N Community House Rd
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Brighthouse Financial Financials and Metrics

Brighthouse Financial Revenue

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Brighthouse Financial's revenue was reported to be $6.84 b in FY, 2017 which is a 126.7% increase from the previous period.
USD

Revenue (Q3, 2018)

1.4b

Net income (Q3, 2018)

(271.0m)

Market capitalization (14-Nov-2018)

4.8b

Closing stock price (14-Nov-2018)

40.7
Brighthouse Financial's current market capitalization is $4.8 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

8.9b3.0b6.8b

Revenue growth, %

(66%)127%

Cost of goods sold

3.3b3.9b3.6b

Gross profit

5.6b(885.0m)3.2b
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

(584.0m)1.8b965.0m2.0b2.0b1.8b1.7b1.4b

Cost of goods sold

1.2b1.1b864.0m785.0m1.1b738.0m

Gross profit

(1.7b)708.0m101.0m1.2b889.0m1.1b

Gross profit Margin, %

297%40%10%61%45%59%
Annual
USDFY, 2016FY, 2017

Cash

5.2b1.9b

Accounts Receivable

14.6b13.5b

Total Assets

221.9b224.2b

Long-term debt

1.9b3.6b
Quarterly
USDQ2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

4.4b1.7b1.9b

Accounts Receivable

13.4b13.6b13.5b

Inventories

80.9b81.3b

Total Assets

224.3b223.3b219.0b216.2b216.9b
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

1.1b(2.9b)(378.0m)

Depreciation and Amortization

26.0m17.0m17.0m

Cash From Operating Activities

4.6b3.7b3.4b

Cash From Investing Activities

(7.0b)4.7b(3.9b)
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash From Operating Activities

2.1b2.6b360.0m1.3b2.0b291.0m1.0b1.5b

Cash From Investing Activities

(4.5b)(5.1b)(22.0m)(2.4b)(2.6b)(903.0m)(2.0b)(3.5b)

Long-term Borrowings

(13.0m)(21.0m)(3.0m)(2.8b)(2.8b)(3.0m)

Cash From Financing Activities

3.3b3.7b246.0m251.0m(3.0b)643.0m1.3b2.3b
USDY, 2018

Debt/Equity

0.3 x

Financial Leverage

16.8 x
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Brighthouse Financial Operating Metrics

FY, 2015Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

Net Earned Premium

$1.68 b$281 m$347 m$1.22 b$176 m$218 m$236 m$863 m$229 m

In-Force Policies

2.70 m2.60 m
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Brighthouse Financial Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
1075 Peachtree, LLC
Brighthouse Assignment Company
Brighthouse Connecticut Properties Ventures, LLC
Brighthouse Holdings, LLC
Brighthouse Investment Advisers, LLC
Brighthouse Life Insurance Company
Brighthouse Life Insurance Company of NY
Brighthouse Reinsurance Company of Delaware
Brighthouse Renewables Holding, LLC
Brighthouse Securities, LLC
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Brighthouse Financial Revenue Breakdown

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Brighthouse Financial revenue breakdown by business segment: 6.1% from Corporate & Other, 25.7% from Run-off, 15.8% from Life and 52.4% from Annuities

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Brighthouse Financial Online and Social Media Presence

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Brighthouse Financial News and Updates

SMART by GEP® source-to-pay inkoopsoftware gaat digitaal inkoopproces bij Brighthouse Financial aansturen

GEP's eenduidige inkoopsoftwareplatform geselecteerd door grote aanbieder lijfrentes en levensverzekeringen CLARK, New Jersey, 24 augustus 2018 /PRNewswire/ -- GEP, een toonaangevende aanbieder van inkoopsoftware en inkoopdienstverlening aan Fortune 500- en Global 2000-bedrijven...

Le logiciel d'approvisionnement source-to-pay SMART by GEP® sera derrière les processus d'approvisionnement numérique de Brighthouse Financial

La plateforme logicielle unifiée d'approvisionnement de GEP a été sélectionnée par ce grand fournisseur d'assurances de rente et d'assurance-vie CLARK, New Jersey, 24 août 2018 /PRNewswire/ -- Aujourd'hui, GEP, l'un des principaux fournisseurs de logiciels d'approvisionnement et de...

Kilde-til-betaling-innkjøpsprogramvaren SMART By GEP® skal drive digitale innkjøpsprosesser hos Brighthouse Financial

GEPs enhetlige innkjøpsprogramvare valgt av stor leverandør av livrenter og livsforsikringer CLARK i New Jersey, 24. august 2018 /PRNewswire/ --GEP, en ledende leverandør av innkjøpsprogramvarer og innkjøpstjenester til Fortune 500- og Global 2000-selskaper over hele verden, kunngjorde i...

Source-to-pay indkøbssoftwaren SMART by GEP® skal drive de digitale indkøbsprocesser hos Brighthouse Financial

Større leverandør af pensions- og livsforsikringer har valgt GEP's samlede platform med indkøbssoftware CLARK, New Jersey, 24. august 2018 /PRNewswire/ -- GEP, der er en ledende leverandør af indkøbssoftware og indkøbsservices til Fortune 500- og Global 2000-virksomheder over hele verden, ...

SMART by GEP® Source-to-Pay Procurement Software to Drive Digital Procurement Processes at Brighthouse Financial

CLARK, N.J., Aug. 23, 2018 /PRNewswire/ -- GEP, a leading provider of procurement software and procurement services to Fortune 500 and Global 2000 enterprises worldwide, announced today that a major provider of annuities and life insurance, Brighthouse Financial, has selected SMART by...
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Brighthouse Financial Company Life and Culture

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Brighthouse Financial Frequently Asked Questions

  • When was Brighthouse Financial founded?

    Brighthouse Financial was founded in 2017.

  • Who are Brighthouse Financial key executives?

    Brighthouse Financial's key executives are Eric T. Steigerwalt, Anant Bhalla and Christine M. DeBiase.

  • How many employees does Brighthouse Financial have?

    Brighthouse Financial has 1,260 employees.

  • What is Brighthouse Financial revenue?

    Latest Brighthouse Financial annual revenue is $6.8 b.

  • What is Brighthouse Financial revenue per employee?

    Latest Brighthouse Financial revenue per employee is $5.4 m.

  • Who are Brighthouse Financial competitors?

    Competitors of Brighthouse Financial include United Concordia Companies, Fidelity Investments and AIG.

  • Where is Brighthouse Financial headquarters?

    Brighthouse Financial headquarters is located at 11225 N Community House Rd, Charlotte.

  • Where are Brighthouse Financial offices?

    Brighthouse Financial has an office in Charlotte.

  • How many offices does Brighthouse Financial have?

    Brighthouse Financial has 1 office.