Brighthouse Financial Q2 2020 Earnings Report
Key Takeaways
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.
Net loss available to shareholders was $1,998 million, or $21.10 per diluted share, driven by net derivative mark-to-market losses.
Adjusted earnings, less notable items, totaled $39 million, or $0.41 per diluted share.
Annuity sales decreased 3 percent, while life sales increased 200 percent compared to Q2 2019.
The company repurchased $180 million of common stock in the second quarter of 2020, but repurchases are temporarily suspended.
Brighthouse Financial
Brighthouse Financial
Brighthouse Financial Revenue by Segment
Forward Guidance
Brighthouse Financial remains confident in its focused strategy, which they believe will generate long-term shareholder value, even as they navigate the unprecedented market environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income