Brighthouse Financial Inc. Depositary shares each representing a 1/1000th interest in a share of 5.375% Non-Cumulative Preferred Stock Series C (BHFAN)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a preferred holder, not a common shareholder, I start with the issuer's ability to pay, not with a story. Brighthouse sells annuities and life insurance, and the figures are volatile. In fiscal Q2 2026, the quarter ended 2026-06-30, it reported revenue of $1.6B and net income of $981.0M, or diluted EPS of $16.53. That was a strong quarter. But in fiscal Q1 2026, the quarter ended 2026-03-31, it lost $766.0M, or $13.82 per diluted share. In fiscal year 2025, the year ended 2025-12-31, it earned $433.0M; in fiscal year 2024, the year ended 2024-12-31, $388.0M; and in fiscal year 2023, the year ended 2023-12-31, it lost $1.1B. FairStock labels this a TURNAROUND because it returned to profit after a loss within three years. FairStock also shows ROE of 13.54%, revenue growth of -37.07%, profit growth of -185.82%, D/E of 1.78, and a Piotroski F-Score of 4/9. At the 2026-10-13 close of $10.74, FairStock's P/E is 0.85 and P/B is 0.09. For this 5.375% non-cumulative preferred, the real question is whether the dividend will be declared. The quoted yield of 11.87% and a price near the 52-week low of $10.71-$14.45 tell me the market is charging a large risk premium. There is no visible moat in commodity-like life and annuity products, and leverage is meaningful. I lack CET1, NIM, combined ratio, or risk-based capital data, so I cannot fully underwrite the insurer. Cheap accounting metrics alone are not enough for a non-cumulative preferred; I would need a strong margin of safety in the capital structure.

In plain English: Brighthouse Financial sells annuities and life insurance in the United States. Its results have been up and down, with a big profit in the latest quarter but losses in other periods, so the business looks unsteady. The preferred shares trade near their 52-week low and offer a high dividend, but that dividend is not guaranteed and does not build up if skipped, so the low price may reflect real risk.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer