Brighthouse Financial Earnings Reports

Brighthouse Financial achieved a strong rebound in Q4 2024, reporting net income of $646 million compared to a $942 million loss in Q4 2023. Revenue declined year-over-year, but adjusted earnings per share increased significantly. The company continued executing capital-efficient strategies, including share repurchases and expense management.

Brighthouse Financial announced its Q3 2024 results, reporting a net income available to shareholders of $150 million, or $2.47 per diluted share. Adjusted earnings were $767 million, or $12.58 per diluted share. The company's estimated combined RBC ratio was between 365% and 385%, with holding company liquid assets of $1.3 billion. Brighthouse Financial repurchased approximately $64 million of its common stock during the quarter.

Brighthouse Financial's second quarter 2024 net income available to shareholders was $9 million, or $0.12 per diluted share. Adjusted earnings were $346 million, or $5.57 per diluted share. The company's annuity sales were flat, but Shield Level Annuity sales reached record levels. Life sales also saw a 19% increase. The estimated combined RBC ratio ended the quarter between 380% and 400%, with holding company liquid assets of $1.2 billion.

Brighthouse Financial reported a net loss available to shareholders of $519 million, or $8.22 per diluted share, but adjusted earnings, less notable items, were $268 million, or $4.25 per diluted share. Total annuity and life sales increased compared to the same period in 2023. The company repurchased approximately $89 million of its common stock year-to-date through May 3, 2024.

Brighthouse Financial reported a net loss of $942 million for the fourth quarter of 2023, or $14.70 per diluted share. Adjusted earnings, less notable items, were $189 million, or $2.92 per diluted share. The company's estimated combined RBC ratio was approximately 420%, and holding company liquid assets were $1.3 billion.

Brighthouse Financial announced its Q3 2023 financial results, reporting a net income available to shareholders of $453 million, or $6.89 per diluted share. Adjusted earnings, less notable items, were $275 million, or $4.18 per diluted share. The company's estimated combined risk-based capital ratio is between 400% and 420%, with holding company liquid assets of $0.9 billion. Brighthouse Financial repurchased approximately $216 million of its common stock year-to-date through November 3, 2023.

Brighthouse Financial announced its Q2 2023 results, reporting a net loss available to shareholders of $200 million, or $3.01 per diluted share. However, the company's adjusted earnings were $271 million, or $4.13 per diluted share. The company also reported annuity and life sales increased in the first half of 2023 compared to the same period in 2022.

Brighthouse Financial reported a net loss available to shareholders of $525 million, or $7.72 per diluted share, for the first quarter of 2023. However, annuity sales increased by 35% and life sales increased by 15% compared to the first quarter of 2022. The company's adjusted earnings were $195 million, or $2.86 per diluted share.

Brighthouse Financial reported a net loss available to shareholders of $967 million, or $14.01 per diluted share, in the fourth quarter of 2022. Adjusted earnings for the quarter were $242 million, or $3.46 per diluted share. The company repurchased $93 million of its common stock during the quarter.

Brighthouse Financial announced its Q3 2022 financial results, reporting a net loss available to shareholders of $702 million, or $9.82 per diluted share. The company's annuity sales increased 58% over the third quarter of 2021 and 50% sequentially. During the quarter, the company repurchased $136 million of its common stock, with an additional $52 million repurchased through November 3, 2022.

Brighthouse Financial reported a net income available to shareholders of $957 million for Q2 2022, or $12.77 per diluted share. Adjusted earnings, less notable items, were $247 million, or $3.29 per diluted share. Annuity sales increased 8% year-over-year, while life sales decreased 27%. The company repurchased $317 million of its common stock year-to-date through August 3, 2022.

Brighthouse Financial announced its financial results for the first quarter ended March 31, 2022. The company reported a net income available to shareholders of $613 million, or $7.91 per diluted share. Adjusted earnings, less notable items, were $315 million, or $4.07 per diluted share.

Brighthouse Financial's Q4 2021 results showed a net income available to shareholders of $42 million, or $0.51 per diluted share, compared to a net loss of $1,045 million in Q4 2020. Adjusted earnings were $323 million, or $4.02 per diluted share, compared to $189 million in the same period last year. The company achieved its target of returning $1.5 billion to shareholders by year-end 2021.

Brighthouse Financial announced its third quarter 2021 financial results, reporting a net income available to shareholders of $361 million, or $4.34 per diluted share. Adjusted earnings, less notable items, were $514 million, or $6.17 per diluted share. The company's annuity and life sales increased, and it repurchased $403 million of its common stock year-to-date.

Brighthouse Financial announced its financial results for the second quarter ended June 30, 2021. The company reported a net income available to shareholders of $10 million, or $0.11 per diluted share. Adjusted earnings, less notable items, were $458 million, or $5.32 per diluted share. The company also announced a new repurchase authorization of up to an additional $1 billion of common stock.

Brighthouse Financial reported a net loss available to shareholders of $610 million, or $6.96 per diluted share, for the first quarter of 2021. However, adjusted earnings, less notable items, were $428 million, or $4.86 per diluted share. The company's annuity and life sales increased, and it repurchased $123 million of its common stock year-to-date through May 7, 2021.

Brighthouse Financial reported a net loss of $1,045 million for Q4 2020, primarily due to net derivative mark-to-market losses. However, adjusted earnings, less notable items, were $272 million, or $3.03 per diluted share. Annuity and life sales saw significant increases compared to the previous year. The company's estimated combined risk-based capital ratio was approximately 485 percent, and holding company liquid assets were $1.7 billion.

Brighthouse Financial reported a net loss of $3,012 million for Q3 2020, primarily due to the annual actuarial review and net derivative mark-to-market losses. However, adjusted earnings, less notable items, were $388 million, with annuity and life sales increasing by 29% and 63%, respectively, compared to Q3 2019. The company resumed common stock repurchases and had an estimated combined risk-based capital ratio between 525 and 545 percent.

Brighthouse Financial reported a net loss of $1,998 million, or $21.10 per diluted share, for the second quarter of 2020. Adjusted earnings, less notable items, were $39 million, or $0.41 per diluted share. Annuity sales decreased 3 percent, while life sales increased 200 percent compared to the second quarter of 2019.

Brighthouse Financial reported a strong first quarter with a net income of $4,950 million, driven by net derivative mark-to-market gains. Adjusted earnings, less notable items, were $273 million, or $2.60 per diluted share. Annuity sales grew by 15% year-over-year, and the company repurchased approximately $316 million of its common stock year-to-date.

Brighthouse Financial reported a net loss available to shareholders of $1,077 million, or $10.02 per diluted share, driven primarily by net derivative mark-to-market losses. However, adjusted earnings, less notable items, were $265 million, or $2.46 per diluted share. Annuity sales grew 10 percent over the fourth quarter of 2018, and the company repurchased approximately $128 million of its common stock during the quarter.