Key Takeaways Brighthouse Financial is expanding its life and annuity offerings to boost growth and industry presence. BHF is targeting sustainability by shifting toward less capital-intensive products and wider distribution. Higher expenses and leverage are weighing on margins, despite a discounted valuation to peers.Shares of  Brighthouse Financial, Inc. (BHF) are trading at a discount compared to the Zacks  Life Insurance industry. Its price-to-book value of 0.51X is lower than the industry average of ...