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Brighthouse Financial

LSE:0HPH
Snowflake Description

Undervalued with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0HPH
LSE
$5B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. The last earnings update was 58 days ago. More info.


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0HPH Share Price and Events
7 Day Returns
7.6%
LSE:0HPH
-0.6%
GB Insurance
1.2%
GB Market
1 Year Returns
-20.5%
LSE:0HPH
-5.4%
GB Insurance
2.5%
GB Market
0HPH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brighthouse Financial (0HPH) 7.6% 7% 14.9% -20.5% - -
GB Insurance -0.6% 7.9% 9.8% -5.4% 16.5% 21%
GB Market 1.2% 5.3% 9.8% 2.5% 16.9% 6.7%
1 Year Return vs Industry and Market
  • 0HPH underperformed the Insurance industry which returned -5.4% over the past year.
  • 0HPH underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Brighthouse Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Brighthouse Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Brighthouse Financial.

LSE:0HPH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 8 analysts.
= Stable Book Value * Return on Equity
= $137.18 * 7.8%
$10.67
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. $137.18
Discount Rate (Cost of Equity) See below 10.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0HPH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 21%) (205.06%))
1.602
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.6
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.602 * 5.96%)
10.77%

Discounted Cash Flow Calculation for LSE:0HPH using Excess Returns Model Model

The calculations below outline how an intrinsic value for Brighthouse Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0HPH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.8% – 10.77%) * $137.18)
$-4.11
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-4.11 / (10.77% - 1.23%)
$-43.03
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $137.18 + $-43.03
$94.14
LSE:0HPH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0HPH represents 1.01341x of NasdaqGS:BHF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01341x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 94.14 x 1.01341
$95.40
Value per share (USD) From above. $95.40
Current discount Discount to share price of $40.83
= -1 x ($40.83 - $95.40) / $95.40
57.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Brighthouse Financial is available for.
Intrinsic value
>50%
Share price is $40.83 vs Future cash flow value of $95.4
Current Discount Checks
For Brighthouse Financial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Brighthouse Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Brighthouse Financial's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Brighthouse Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brighthouse Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0HPH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $7.25
NasdaqGS:BHF Share Price ** NasdaqGS (2019-04-24) in USD $40.29
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.15x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.3x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Brighthouse Financial.

LSE:0HPH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BHF Share Price ÷ EPS (both in USD)

= 40.29 ÷ 7.25

5.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brighthouse Financial is good value based on earnings compared to the GB Insurance industry average.
  • Brighthouse Financial is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Brighthouse Financial's expected growth come at a high price?
Raw Data
LSE:0HPH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-12.1%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.55x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 566 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:0HPH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.56x ÷ -12.1%

-0.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brighthouse Financial earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Brighthouse Financial's assets?
Raw Data
LSE:0HPH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $122.67
NasdaqGS:BHF Share Price * NasdaqGS (2019-04-24) in USD $40.29
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:0HPH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BHF Share Price ÷ Book Value per Share (both in USD)

= 40.29 ÷ 122.67

0.33x

* Primary Listing of Brighthouse Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brighthouse Financial is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Brighthouse Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Brighthouse Financial has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Brighthouse Financial expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-12.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brighthouse Financial expected to grow at an attractive rate?
  • Brighthouse Financial's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Brighthouse Financial's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Brighthouse Financial's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0HPH Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0HPH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -12.1%
LSE:0HPH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -2.3%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0HPH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0HPH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 8,384 660 3
2020-12-31 8,227 516 9
2019-12-31 8,078 295 9
LSE:0HPH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 8,864 3,062 865
2018-09-30 6,785 2,862 91
2018-06-30 7,350 3,088 -581
2018-03-31 7,684 3,327 -96
2017-12-31 6,839 3,396 -378
2017-09-30 4,385 3,161 -2,811
2017-06-30 4,178 2,927 -2,026
2017-03-31 1,557 3,598 -3,695
2016-12-31 2,982 3,736 -2,939
2016-09-30 5,672 4,628 -1,083
2016-06-30 6,203 5,131 -602
2016-03-31 9,039 4,312 1,174

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brighthouse Financial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Brighthouse Financial's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0HPH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Brighthouse Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0HPH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 9.67 9.67 9.67 1.00
2020-12-31 6.21 7.27 5.16 2.00
2019-12-31 -2.74 3.95 -9.01 3.00
LSE:0HPH Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 7.25
2018-09-30 0.76
2018-06-30 -4.85
2018-03-31 -0.80
2017-12-31 -3.16
2017-09-30 -23.47
2017-06-30 -16.92
2017-03-31 -30.85
2016-12-31 -24.54
2016-09-30 -10,830.00
2016-06-30 -6,020.00
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Brighthouse Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Brighthouse Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Brighthouse Financial has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Brighthouse Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Brighthouse Financial's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Brighthouse Financial's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Brighthouse Financial has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Brighthouse Financial has become profitable in the last year making it difficult to compare the GB Insurance industry average.
Earnings and Revenue History
Brighthouse Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Brighthouse Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0HPH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 8,864.00 865.00 39.00
2018-09-30 6,785.00 91.00 49.00
2018-06-30 7,350.00 -581.00 25.00
2018-03-31 7,684.00 -96.00 13.00
2017-12-31 6,839.00 -378.00
2017-09-30 4,385.00 -2,811.00 18.00
2017-06-30 4,178.00 -2,026.00 47.00
2017-03-31 1,557.00 -3,695.00 47.00
2016-12-31 2,982.00 -2,939.00
2016-09-30 5,672.00 -1,083.00 47.00
2016-06-30 6,203.00 -602.00 8.00
2016-03-31 9,039.00 1,173.50 8.00
2015-12-31 8,889.00 1,119.00 56.00
2014-12-31 9,446.00 1,159.00 7.00
2013-12-31 8,788.00 1,031.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Brighthouse Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brighthouse Financial used its assets less efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Brighthouse Financial's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Brighthouse Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Brighthouse Financial has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Brighthouse Financial's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Brighthouse Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brighthouse Financial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Brighthouse Financial's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Brighthouse Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Brighthouse Financial Company Filings, last reported 3 months ago.

LSE:0HPH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 14,483.00 9,639.00 4,862.00
2018-09-30 12,949.00 9,054.00 2,889.00
2018-06-30 13,500.00 8,857.00 3,075.00
2018-03-31 13,673.00 8,815.00 3,041.00
2017-12-31 14,580.00 8,618.00 3,281.00
2017-09-30 13,831.00 8,998.00 4,083.00
2017-06-30 16,465.00 11,333.00 6,933.00
2017-03-31 15,116.00 12,679.00 7,978.00
2016-12-31 14,862.00 14,397.00 8,668.00
2016-09-30 18,170.00 19,099.00 10,665.00
2016-06-30 18,464.00 19,453.00 9,641.00
2016-03-31 16,839.00 16,038.00 5,857.00
2015-12-31 16,839.00 16,038.00 5,857.00
2014-12-31 17,525.00 13,025.00 5,520.00
2013-12-31
  • Brighthouse Financial's level of debt (66.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Brighthouse Financial's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (31.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.4x coverage).
X
Financial health checks
We assess Brighthouse Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Brighthouse Financial has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Brighthouse Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Brighthouse Financial dividends. Estimated to be 0.75% next year.
If you bought $2,000 of Brighthouse Financial shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Brighthouse Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Brighthouse Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0HPH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0HPH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.55 3.00
2020-12-31 0.44 8.00
2019-12-31 0.00 6.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Brighthouse Financial has not reported any payouts.
  • Unable to verify if Brighthouse Financial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Brighthouse Financial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Brighthouse Financial has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Brighthouse Financial's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Brighthouse Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Brighthouse Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brighthouse Financial has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Brighthouse Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eric Steigerwalt
COMPENSATION $1,972,094
AGE 56
TENURE AS CEO 2.7 years
CEO Bio

Mr. Eric Thomas Steigerwalt serves as the President, Chief Executive Officer and Director at Brighthouse Financial, Inc. since August 2016. Mr. Steigerwalt serves as Chairman, Chief Executive Officer and President at Brighthouse Life Insurance Company. He serves as the Chairman, president and Chief Executive Officer of MetLife Insurance Company USA. He has extensive experience in the insurance industry and has leadership skills, and also has broad knowledge in corporate strategy, finance and investments. He served as Executive Vice President of MetLife U.S. Retail Business since September 2012 to August 2017. He served as Head of US Retail and Senior Vice President at MetLife from May 2007 to September 2009, Inc. He served as an Interim Chief Financial Officer and Executive Vice President of MetLife, Inc. from November 2011 to September 2012. He served as the Senior Vice President and Chief Financial Officer of Individual Business at MetLife, Inc. from July 2003 to May 2007. Mr. Steigerwalt served as Treasurer of MetLife, Inc. from May 2007 to September 2009. He served as Executive Vice President and Chief Financial Officer of U.S. Business from January 2010 to November 2011. Mr. Steigerwalt served as Senior Vice President and Chief Financial Officer of U.S. Business From September 2009 to January 2010. He served as Senior Vice President, in charge of expense management and agency compensation for MetLife, Inc.'s Individual Business segment until May 19, 2003. He began his tenure at MetLife in 1998, managing many of the operational aspects of MetLife’s demutualization and IPO and went on to become the company’s first head of investor relations. He served as Vice President of AXA S.A., a financial services and insurance company from May 1993 to May 1998. He held multiple leadership roles at MetLife over the course of 18 years. Before joining MetLife, Mr. Steigerwalt worked in finance at the Equitable Companies and at the Fossett Corporation where he was a derivatives trader. He has been Director at LL Global Inc since November 5, 2014. He serves as a Director of LIMRA Inc. and LOMA and the Wells Fargo Championship’s Champions for Education foundation. He holds BA in Economics from Drew University.

CEO Compensation
  • Insufficient data for Eric to compare compensation growth.
  • Eric's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Brighthouse Financial management team in years:

2.6
Average Tenure
49
Average Age
  • The tenure for the Brighthouse Financial management team is about average.
Management Team

Eric Steigerwalt

TITLE
President
COMPENSATION
$2M
AGE
56
TENURE
2.7 yrs

John Rosenthal

TITLE
Executive VP & Chief Investment Officer
COMPENSATION
$1M
AGE
57
TENURE
2.6 yrs

Christine DeBiase

TITLE
Executive VP
COMPENSATION
$808K
AGE
49
TENURE
1.2 yrs

Conor Murphy

TITLE
Executive VP
AGE
49
TENURE
0.2 yrs

Lynn Dumais

TITLE
Chief Accounting Officer

David Rosenbaum

TITLE
Head of Investor Relations

Myles Lambert

TITLE
Executive VP and Chief Distribution & Marketing Officer
AGE
43
TENURE
2.7 yrs

Jin Chang

TITLE
VP & Treasurer

D. Arrington

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure and age of the Brighthouse Financial board of directors in years:

1.7
Average Tenure
61
Average Age
  • The average tenure for the Brighthouse Financial board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chuck Chaplin

TITLE
Chairman of the Board
COMPENSATION
$119K
AGE
61
TENURE
1.7 yrs

Eric Steigerwalt

TITLE
President
COMPENSATION
$2M
AGE
56
TENURE
2.7 yrs

Pat Shouvlin

TITLE
Independent Director
COMPENSATION
$71K
AGE
67
TENURE
1.8 yrs

Bill Wallace

TITLE
Independent Director
COMPENSATION
$69K
AGE
70
TENURE
1.7 yrs

Diane Offereins

TITLE
Independent Director
COMPENSATION
$69K
AGE
60
TENURE
1.7 yrs

Irene Chang Britt

TITLE
Independent Director
COMPENSATION
$69K
AGE
55
TENURE
1.7 yrs

Paul Wetzel

TITLE
Independent Director
COMPENSATION
$60K
AGE
58
TENURE
1.7 yrs

Eileen Mallesch

TITLE
Independent Director
AGE
62
TENURE
0.4 yrs

Meg McCarthy

TITLE
Independent Director
AGE
64
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Jun 18 Sell Metlife Investment Advisors, LLC Company 14. Jun 18 14. Jun 18 -23,155,117 $44.50 $-1,030,402,707
X
Management checks
We assess Brighthouse Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Brighthouse Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. 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 consist of term, universal, whole, and variable life products for policyholders’ needs for financial security and protected wealth transfer. The Run-off segment provides structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements, and universal life with secondary guarantees. The company was founded in 2016 and is headquartered in Charlotte, North Carolina.

Details
Name: Brighthouse Financial, Inc.
0HPH
Exchange: LSE
Founded: 2016
$4,700,653,276
116,670,471
Website: http://www.brighthousefinancial.com
Address: Brighthouse Financial, Inc.
11225 North Community House Road,
Charlotte,
North Carolina, 28277,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BHF Common Stock Nasdaq Global Select US USD 17. Jul 2017
MUN BROC Common Stock Boerse Muenchen DE EUR 17. Jul 2017
LSE 0HPH Common Stock London Stock Exchange GB USD 17. Jul 2017
BMV BHF * Common Stock Bolsa Mexicana de Valores MX MXN 17. Jul 2017
NasdaqGS BHFA.P 6.6% DP PFD A Nasdaq Global Select US USD 19. Mar 2019
Number of employees
Current staff
Staff numbers
1,260
Brighthouse Financial employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 23:12
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.