Brighthouse Financial Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

March 05, 2025

Brighthouse Financial (NASDAQ:BHF) Full Year 2024 Results

Key Financial Results

Revenue: US$6.30b (up 41% from FY 2023).
Net income: US$286.0m (up from US$1.21b loss in FY 2023).
Profit margin: 4.5% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
EPS: US$4.67 (up from US$18.39 loss in FY 2023).

revenue-and-expenses-breakdown — NasdaqGS:BHF Revenue and Expenses Breakdown March 5th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Brighthouse Financial EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

The primary driver behind last 12 months revenue was the Annuities segment contributing a total revenue of US$1.93b (31% of total revenue). Notably, cost of sales worth US$5.03b amounted to 80% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$1.86b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how BHF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 7.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Brighthouse Financial that you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if Brighthouse Financial might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.