| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 97 | 4.0x | 17.8x | Top tier | |
Growth | 83 | 2.6% | 7.1% | Top tier | |
Quality | 77 | — | — | Top tier | |
Safety | 7 | — | — | Bottom tier | |
Capital Return | 67 | — | 2.12% | Top tier | |
Momentum | 40 | 31.7% | 2.9% | Around median | |
Sentiment | 72 | 5 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Brighthouse Financial operates in the insurance and savings market, generating business from the sale of annuities and life insurance products and the management of investment portfolios associated with these obligations. Key sales drivers include Shield annuities and fixed annuities, along with its participation in the BlackRock LifePath Paycheck product to reach workplace channel customers. Reported segment results show that the Annuities segment is the primary source of adjusted earnings, while the Life Insurance and Run-off segments posted losses in the available period.
In Q2 fiscal 2026, revenue was $2.11 billion, down 2.4% year over year and below expectations, while earnings per share were $4.45 versus estimates of $4.86. In contrast, net income available to shareholders jumped to $956 million, compared with $60 million in Q2 fiscal 2025; this equates to a calculated net income margin of approximately 45.3% of revenue, but its coincidence with declining revenue and earnings per share falling short of estimates makes the quality of the improvement less clear than the net income figure alone.
Q2 fiscal 2025 provides the latest available breakdown of the segment mix: the Annuities segment generated adjusted earnings of $332 million, while the Life Insurance segment recorded an adjusted loss of $26 million, the Run-off segment recorded a loss of $83 million, and Corporate & Other recorded a loss of $25 million. Consolidated adjusted earnings in that quarter were $198 million, or $3.43 per share, and were approximately $60 million below the average quarterly run rate management had expected. These figures reflect operating profitability's reliance on the strength of the Annuities segment and its ability to offset weak underwriting in the other segments.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $57.44 within a wide range of $41 to $72, versus a Neutral consensus; the average is approximately 14% below the 52-week range high of $66.80, while the highest target exceeds that high by approximately 7.8%. Although an August 6, 2026 news report cited a price-to-earnings multiple of 4.88 times, fiscal 2026 EDGAR data show negative trailing twelve-month earnings per share of approximately $1.13, so that multiple and the wide gap between the lowest and highest targets should be treated with caution.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Earnings per share were $4.45 versus analysts' estimates of $4.86, while revenue of $2.11 billion also came in below expectations. Revenue declined 2.4% from Q2 fiscal 2025, and news reports on August 6 and 7, 2026 pointed to lower investment income and weak annuity sales. At the same time, net income available to shareholders rose to $956 million from $60 million, making the quarterly picture mixed rather than entirely negative.
Shield was the largest contributor to annuity sales during Q2 fiscal 2025, generating $1.9 billion of the $2.6 billion total. Its sales in the first half of fiscal 2025 reached $3.9 billion, in line with the same period of fiscal 2024. However, management explained in the August 8, 2025 call that competition remains and that growth from a large base has become more difficult, while continuing to maintain pricing discipline.
The company estimated its combined risk-based capital ratio at between 405% and 425% as of June 30, 2025, within the target range of 400% to 450% under normal market conditions. Total adjusted capital was approximately $5.6 billion, up from approximately $5.5 billion as of March 31, 2025. Liquid assets at the holding company also exceeded $900 million, but the ratio declined sequentially due to the seasonality of capital charges for the fixed business and negative results outside variable annuities.
Brighthouse Financial received deposits of $176 million through BlackRock LifePath Paycheck in Q2 fiscal 2025. Management believes the product provides access to new customers through the workplace channel, adding a distribution path distinct from traditional annuity channels. These deposits coincided with quarterly life insurance sales of $33 million and record first-half sales of $69 million.
Results are linked to alternative investment returns, underwriting margins, and movements in annuity reserves and hedges. In Q2 fiscal 2025, the alternative investment portfolio return was only 1.5%, reducing income by approximately $32 million relative to the expected average quarterly run rate, while mortality claims severity was approximately 18% above normal. As a result, adjusted earnings were $198 million, approximately $60 million below the average quarterly run rate management had expected.
The consensus rating is Neutral, and the average price target is $57.44, with a low target of $41 and a high target of $72. The average is below the 52-week range high of $66.80, while the highest target exceeds that high. Trailing twelve-month earnings per share in fiscal 2026 data are also negative at approximately $1.13, so the traditional price-to-earnings multiple does not provide a stable reference on its own.
