OverviewSuggest Edit

Brighthouse Financial is a provider of annuities and life insurance. 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. Brighthouse Financial'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.

TypePublic
Founded2017
HQCharlotte, US
Websitebrighthousefinancial.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2019)1,330(+6%)
Job Openings27
Revenue (FY, 2019)$6.6 B(-26%)
Share Price (Oct 2020)$31.7 (-1%)
Cybersecurity ratingAMore

Key People/Management at Brighthouse Financial

Eric T. Steigerwalt

Eric T. Steigerwalt

President, CEO
Christine M. DeBiase

Christine M. DeBiase

Chief Administrative Officer, EVP
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
Edward Spehar

Edward Spehar

EVP, CFO
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Brighthouse Financial Office Locations

Brighthouse Financial has offices in Charlotte and El Paso
Charlotte, US (HQ)
11225 N Community House Rd
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Brighthouse Financial Financials and Metrics

Brighthouse Financial Revenue

Brighthouse Financial's revenue was reported to be $6.55 b in FY, 2019
USD

Revenue (Q2, 2020)

(922.0m)

Gross profit (Q2, 2020)

(1.8b)

Gross profit margin (Q2, 2020), %

191%

Net income (Q2, 2020)

(2.0b)

Market capitalization (16-Oct-2020)

3.0b

Closing stock price (16-Oct-2020)

31.7

Cash (30-Jun-2020)

7.3b

EV

(393.5m)
Brighthouse Financial's current market capitalization is $3 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

8.9b3.0b6.8b9.0b6.6b

Revenue growth, %

(66%)127%31%

Cost of goods sold

3.3b3.9b3.6b3.7b

Gross profit

5.6b(885.0m)3.2b2.9b
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

(584.0m)1.8b965.0m2.0b2.0b1.8b1.7b1.4b691.0m2.4b3.2b9.0b(922.0m)

Cost of goods sold

1.2b1.1b864.0m785.0m1.1b738.0m845.0m1.3b1.2b839.0m

Gross profit

(1.7b)708.0m101.0m1.2b889.0m1.1b1.5b1.9b7.8b(1.8b)

Gross profit Margin, %

297%40%10%61%45%59%64%59%87%191%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

5.2b1.9b4.1b2.9b

Accounts Receivable

14.6b13.5b

Total Assets

221.9b224.2b206.3b227.3b

Long-term debt

1.9b3.6b4.0b4.4b
Quarterly
USDQ2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

4.4b1.7b1.9b2.1b2.1b3.9b4.0b4.3b8.9b7.3b

Accounts Receivable

13.4b13.6b13.5b

Total Assets

224.3b223.3b219.0b216.2b216.9b216.4b221.2b225.9b224.0b235.4b

Long-term debt

3.0b3.6b3.6b3.6b4.0b4.4b4.4b4.4b4.4b4.0b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

1.1b(2.9b)(378.0m)870.0m(735.0m)

Depreciation and Amortization

26.0m17.0m17.0m18.0m

Cash From Operating Activities

4.6b3.7b3.4b3.1b1.8b

Cash From Investing Activities

(7.0b)4.7b(3.9b)(4.5b)(7.3b)
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash From Operating Activities

2.1b2.6b360.0m1.3b2.0b291.0m1.0b1.5b376.0m809.0m1.3b96.0m467.0m

Cash From Investing Activities

(4.5b)(5.1b)(22.0m)(2.4b)(2.6b)(903.0m)(2.0b)(3.5b)(1.3b)(2.9b)(5.7b)(1.5b)(2.1b)

Long-term Borrowings

(13.0m)(21.0m)(3.0m)(2.8b)(2.8b)(3.0m)(6.0m)(9.0m)(600.0m)(601.0m)(601.0m)(1.0b)

Dividends Paid

(7.0m)(14.0m)(7.0m)(14.0m)
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Brighthouse Financial Operating Metrics

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

Net Earned Premiums

$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

Company NameDateDeal 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Brighthouse Financial Revenue Breakdown

Embed Graph

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

Brighthouse Financial Online and Social Media Presence

Embed Graph

Brighthouse Financial News and Updates

Policygenius & Brighthouse Financial Launch a Faster, Simpler Way to Access Term Life Insurance

NEW YORK, June 9, 2020 /PRNewswire/ -- Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) and Policygenius, the nation's leading online insurance marketplace, announced today the launch of Brighthouse SimplySelectSM, a new term life insurance product available online...

Dow Set to Join S&P 500 and S&P 100; Brighthouse Financial and Trex Company to Join S&P MidCap 400; Pitney Bowes and Xenia Hotels & Resorts to Join S&P SmallCap 600

NEW YORK, March 26, 2019 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600: Dow Inc. (NYSE: DOW) will be added to the S&P 500 prior to the open of trading on Tuesday, April 2. Dow…

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, ...
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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, Christine M. DeBiase and Myles J. Lambert.

  • How many employees does Brighthouse Financial have?

    Brighthouse Financial has 1,330 employees.

  • What is Brighthouse Financial revenue?

    Latest Brighthouse Financial annual revenue is $6.6 b.

  • What is Brighthouse Financial revenue per employee?

    Latest Brighthouse Financial revenue per employee is $4.9 m.

  • Who are Brighthouse Financial competitors?

    Competitors of Brighthouse Financial include 1st Source, Globe Life and MetLife.

  • 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 offices in Charlotte and El Paso.

  • How many offices does Brighthouse Financial have?

    Brighthouse Financial has 2 offices.