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.
Estimated combined risk-based capital ratio between 460% and 480%.
Holding company liquid assets of $1.1 billion.
Annuity sales increased 35% over the first quarter of 2022.
Life sales increased 15% over the first quarter of 2022.
The company did not provide specific forward guidance in this earnings report.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance