Brighthouse Financial, Inc.
BHF, BHFAL, BHFAM, BHFAN, BHFAO, BHFAP · Life Insurance · 57.4M shares · -12%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $221M (gross $250M, SBC $29M)
Reference price $58.58 · est. market cap ~$3.4B — last insider sale, 2025-06-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64Brighthouse Financial — annuity/life insurer with volatile, hedging-driven results.
Strengths
- Revenue +43%; net income +12%; large in-force block
Risks
- Low ROA (25th); high leverage (D/E 0.47, 80th)
- Variable-annuity hedging and equity/rate sensitivity
Notable findings
- Buying back stockNet buyback — share count -12%/yr over 4y
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
6.4%
Return on equity
6.4%
Return on assets
0.2%
Revenue growth (QoQ)
-9.6%
Net-income growth
11.6%
Debt / equity
0.5×
Tangible book value
$6.8B
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-02 | Inserra Michael J. | Option exercise | 1.4K | — |
| 2026-06-02 | CHAPLIN C EDWARD | Option exercise | 4.6K | — |
| 2026-06-02 | Wetzel Paul M. | Option exercise | 2.8K | — |
| 2026-06-02 | Zlatkus Lizabeth H | Option exercise | 2.8K | — |
| 2026-06-02 | Offereins Diane E | Option exercise | 2.8K | — |
| 2026-05-01 | Wetzel Paul M. | Option exercise | 1.1K | — |
| 2026-05-01 | Wetzel Paul M. | Option exercise | 3.7K | — |
| 2026-05-01 | Juel Carol | Option exercise | 3.4K | — |
| 2026-04-08 | Pavlovich Melissa B. | Option exercise | 5.6K | — |
| 2026-04-08 | Pavlovich Melissa B. | Tax withheld | 1.6K | $61.02 |
| 2026-03-02 | Spehar Edward A. | Option exercise | 14K | — |
| 2026-03-02 | Pavlovich Melissa B. | Option exercise | 1.4K | — |
| 2026-03-02 | Pavlovich Melissa B. | Tax withheld | 468 | $59.98 |
| 2026-03-02 | Steigerwalt Eric T | Option exercise | 36K | — |
| 2026-03-02 | Steigerwalt Eric T | Tax withheld | 14K | $59.98 |
| 2026-03-02 | Spehar Edward A. | Tax withheld | 6.5K | $59.98 |
| 2026-03-02 | Lin Allie | Option exercise | 7.1K | — |
| 2026-03-02 | Lin Allie | Tax withheld | 3.1K | $59.98 |
| 2026-03-02 | Lambert Myles | Option exercise | 9.4K | — |
| 2026-03-02 | Lambert Myles | Tax withheld | 4.8K | $59.98 |
| 2026-03-02 | Huss Vonda | Option exercise | 6.1K | — |
| 2026-03-02 | Huss Vonda | Tax withheld | 2.7K | $59.98 |
| 2026-03-02 | Rosenthal John | Option exercise | 11K | — |
| 2026-03-02 | Rosenthal John | Tax withheld | 5.5K | $59.98 |
| 2026-02-27 | Lin Allie | Tax withheld | 3.9K | $59.98 |
| 2026-02-27 | Huss Vonda | Tax withheld | 3.9K | $59.98 |
| 2026-02-27 | Lin Allie | Grant | 9.0K | — |
| 2026-02-27 | Lambert Myles | Grant | 13K | — |
| 2026-02-27 | Pavlovich Melissa B. | Tax withheld | 388 | $59.98 |
| 2026-02-27 | Lambert Myles | Tax withheld | 6.6K | $59.98 |
| 2026-02-27 | Rosenthal John | Grant | 16K | — |
| 2026-02-27 | Steigerwalt Eric T | Grant | 76K | — |
| 2026-02-27 | Steigerwalt Eric T | Tax withheld | 30K | $59.98 |
| 2026-02-27 | Rosenthal John | Tax withheld | 7.9K | $59.98 |
| 2026-02-27 | Huss Vonda | Grant | 8.9K | — |
| 2026-02-27 | Spehar Edward A. | Grant | 19K | — |
| 2026-02-27 | Spehar Edward A. | Tax withheld | 8.9K | $59.98 |
| 2026-02-27 | Pavlovich Melissa B. | Grant | 1.3K | — |
| 2025-07-01 | Lambert Myles | Tax withheld | 12K | $53.78 |
| 2025-07-01 | Lambert Myles | Option exercise | 23K | — |
| 2025-06-06 | Offereins Diane E | Option exercise | 3.9K | — |
| 2025-06-06 | CHAPLIN C EDWARD | Option exercise | 6.2K | — |
| 2025-06-06 | Zlatkus Lizabeth H | Option exercise | 3.9K | — |
| 2025-06-06 | Inserra Michael J. | Option exercise | 1.9K | — |
| 2025-06-03 | Lambert Myles | Sell | 7.1K | $58.58 |
| 2025-06-03 | Lambert Myles | Sell | 1.3K | $59.10 |
| 2025-06-02 | Huss Vonda | Sell | 3.0K | $59.51 |
| 2025-05-27 | Steigerwalt Eric T | Sell | 25K | $58.84 |
| 2025-05-01 | Wetzel Paul M. | Option exercise | 1.1K | — |
| 2025-03-03 | Lambert Myles | Sell | 220 | $60.33 |
| 2025-03-03 | Huss Vonda | Sell | 3.0K | $59.33 |
| 2025-03-03 | Lambert Myles | Sell | 8.2K | $59.91 |
| 2025-03-01 | Rosenthal John | Option exercise | 11K | — |
| 2025-03-01 | Rosenthal John | Tax withheld | 5.7K | $59.31 |
| 2025-03-01 | Lambert Myles | Tax withheld | 5.0K | — |
| 2025-03-01 | Lambert Myles | Option exercise | 9.8K | — |
| 2025-03-01 | Steigerwalt Eric T | Option exercise | 37K | — |
| 2025-03-01 | Steigerwalt Eric T | Tax withheld | 16K | $59.31 |
| 2025-03-01 | Lin Allie | Option exercise | 4.9K | — |
| 2025-03-01 | Lin Allie | Tax withheld | 2.1K | — |
| 2025-03-01 | Spehar Edward A. | Tax withheld | 6.8K | — |
| 2025-03-01 | Spehar Edward A. | Option exercise | 14K | — |
| 2025-03-01 | Huss Vonda | Option exercise | 6.3K | — |
| 2025-03-01 | Huss Vonda | Tax withheld | 2.7K | $59.31 |
| 2025-03-01 | Cook Richard A. | Option exercise | 903 | — |
| 2025-03-01 | Cook Richard A. | Tax withheld | 405 | $59.31 |
| 2025-02-28 | Spehar Edward A. | Grant | 18K | — |
| 2025-02-28 | Cook Richard A. | Grant | 756 | — |
| 2025-02-28 | Cook Richard A. | Tax withheld | 338 | $59.31 |
| 2025-02-28 | Lin Allie | Grant | 756 | — |
| 2025-02-28 | Lin Allie | Tax withheld | 371 | $59.31 |
| 2025-02-28 | Huss Vonda | Grant | 7.4K | — |
| 2025-02-28 | Huss Vonda | Tax withheld | 3.3K | $59.31 |
| 2025-02-28 | Spehar Edward A. | Tax withheld | 8.5K | $59.31 |
| 2025-02-28 | Lambert Myles | Grant | 12K | — |
| 2025-02-28 | Lambert Myles | Tax withheld | 6.3K | $59.31 |
| 2025-02-28 | Rosenthal John | Grant | 14K | — |
| 2025-02-28 | Rosenthal John | Tax withheld | 7.2K | $59.31 |
| 2025-02-28 | Steigerwalt Eric T | Grant | 72K | — |
| 2025-02-28 | Steigerwalt Eric T | Tax withheld | 31K | $59.31 |
| 2025-02-26 | Steigerwalt Eric T | Sell | 12K | $58.46 |
| 2025-02-26 | Steigerwalt Eric T | Sell | 13K | $59.68 |
| 2025-01-31 | Rosenthal John | Sell | 10K | $61.00 |
| 2025-01-02 | Cook Richard A. | Other | 16 | $37.36 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-03 | Shareholder voteExhibits | filing ↗ |
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-02-23 | ResultsExhibits | filing ↗ |
| 2026-02-12 | Shareholder voteReg FDExhibits | filing ↗ |
| 2025-11-07 | ResultsExhibits | filing ↗ |
| 2025-11-06 | Material agreementResultsReg FDExhibits | filing ↗ |
| 2025-11-06 | OtherExhibits | filing ↗ |
| 2025-09-02 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-03 | 2026-06-03 | 0001685040-26-000022 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001685040-26-000019 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001685040-26-000017 ↗ |
| 10-K | 2026-02-24 | 2025-12-31 | 0001685040-26-000011 ↗ |
| 8-K | 2026-02-23 | 2026-02-23 | 0001685040-26-000009 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001685040-26-000005 ↗ |
| 8-K | 2025-11-07 | 2025-11-06 | 0001685040-25-000069 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001685040-25-000071 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001685040-25-000065 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001685040-25-000067 ↗ |
| 8-K | 2025-09-02 | 2025-09-02 | 0001685040-25-000052 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001685040-25-000048 ↗ |