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Jun 30, 2023

Brighthouse Financial Q2 2023 Earnings Report

Brighthouse Financial reported a net loss of $200 million and adjusted earnings of $271 million for Q2 2023.

Key Takeaways

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.

Estimated combined risk-based capital ratio between 430% and 450%.

Holding company liquid assets of $0.9 billion.

Repurchased approximately $152 million of its common stock year-to-date through August 4, 2023.

Annuity sales increased 16% and Life sales increased 23% in the first half of 2023 compared with the same period in 2022.

Total Revenue
$2.14B
Previous year: $2.13B
+0.4%
EPS
$4.13
Previous year: $3.29
+25.5%
Book Value per Share
$48.6
Previous year: $116
-58.1%
Book Value w/o AOCI per Share
$138
Previous year: $159
-13.1%
Holding Company Liquid Assets
$900M
Previous year: $1.2B
-25.0%
Gross Profit
$263M
Previous year: $3.68B
-92.8%
Cash and Equivalents
$3.74B
Previous year: $5.07B
-26.3%
Total Assets
$232B
Previous year: $228B
+1.5%

Brighthouse Financial

Brighthouse Financial

Brighthouse Financial Revenue by Segment

Forward Guidance

No specific forward guidance provided in the press release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income