Brighthouse Financial (BHF)
Sells annuities and life insurance while managing a legacy run-off book.
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Sells annuities and life insurance through third-party channels in the United States, while a Run-off segment manages legacy products. New sales emphasize Shield Level Annuities and life products; reinsurance and risk management shape the market-sensitive guarantee book.
Variable, fixed, index-linked and income annuities sit alongside term, universal, whole and variable life insurance. Annuities and Life are active sales lines, while Run-off manages products no longer sold, including legacy contracts from predecessor businesses. Corporate & Other supports the operating structure.
Sales flow through third-party distribution channels in the United States, with Shield Level Annuities and life products identified as flagship sales lines. The company separates parts of the variable-annuity and first-generation Shield businesses for risk-management purposes. The insurance model depends on regulation, reinsurance, hedge and risk-management work, and exposure to market conditions and policyholder behavior tied to annuity guarantees and legacy contracts.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jan 8, 2026 | Barclays | Downgrade | Target: — | Target: $65 |
| Nov 12, 2025 | Raymond James | Downgrade | ||
| Nov 6, 2025 | Morgan Stanley | Target | Target: $46 | Target: $70 |
| Oct 9, 2025 | Evercore ISI | Target | Target: — | Target: $55 |
| Oct 7, 2025 | Morgan Stanley | Reiterate | Rating: —Target: $52 | Target: $46 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $7.11B · Total debt $3.15B · Total assets $247.18B · Shareholders' equity $6.55B
- Revenue
- $1.62B
- Operating income
- $1.23B
- Net income
- $981.0M
No dividends on record.
| Institutions | 92.44% | 53.11M shares | |
|---|---|---|---|
| 502 holders · as of Jun 30, 2026 | |||
| Insiders | 1.35% | 774.7K shares | |
| 15 holders · as of Sep 3, 2026 | |||
| Other | 6.21% | 3.57M shares | |
| remainder | |||
57.45M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.39% | 5.39M | as of Jun 30, 2026 |
UBS Group AGInstitution | 7.31% | 4.20M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.33% | 3.63M | as of Jun 30, 2026 |
Dme Capital Management, LPInstitution | 4.95% | 2.84M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 4.62% | 2.65M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Equitable
Large RILA, variable-annuity, and individual-life overlap
- Corebridge Financial
Large fixed, variable-annuity, and individual-life overlap
- Jackson Financial
Scaled variable-annuity and RILA retirement-product overlap
- Lincoln Financial
Variable and indexed annuities plus individual-life overlap
- Prudential Financial
RILA, fixed and variable annuities plus individual-life overlap
- F&G Annuities & Life
Fixed annuities and life-insurance overlap
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Brighthouse Financial | $52.39 | +0.92% | $2.86B | 3.9 | 2.7 | 0.5 | +166.5% |
| Equitable | $52.20 | −0.08% | $14.70B | — | 6.4 | 1.4 | −29.8% |
| Corebridge Financial | $33.55 | −0.86% | $15.51B | 20.4 | 6.6 | 1.7 | +482.9% |
| Jackson Financial | $129.57 | −0.08% | $9.20B | 169.1 | 4.3 | 1.4 | — |
| Lincoln Financial | $41.01 | +0.02% | $7.98B | 3.5 | 5.0 | 0.4 | +21.2% |
| Prudential Financial | $117.66 | +0.02% | $41.13B | 10.7 | 8.3 | 0.6 | +2.8% |
| F&G Annuities & Life | $22.22 | −0.04% | $3.03B | 7.9 | 5.5 | 0.5 | +5.8% |
| Median | 10.7 | 6.0 | 1.0 | +5.8% |