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Sep 30, 2021

Brighthouse Financial Q3 2021 Earnings Report

Brighthouse Financial reported strong results driven by sales growth and expense management.

Key Takeaways

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.

Estimated combined risk-based capital ratio between 520% and 540%; holding company liquid assets of $1.5 billion

$600 million Brighthouse Reinsurance Company of Delaware extraordinary dividend paid to Brighthouse Life Insurance Company in the third quarter of 2021

The company repurchased $403 million of its common stock year-to-date through November 2, 2021

Third quarter 2021 net income available to shareholders of $361 million, or $4.34 per diluted share

Total Revenue
$2.47B
Previous year: $2.16B
+14.4%
EPS
$6.17
Previous year: $4.19
+47.3%
Book Value per Share
$181
Previous year: $192
-5.4%
Book Value w/o AOCI per Share
$128
Previous year: $133
-3.3%
Holding Company Liquid Assets
$1.5B
Previous year: $1.3B
+15.4%
Gross Profit
$2.11B
Previous year: $309M
+582.8%
Cash and Equivalents
$4.11B
Previous year: $6.19B
-33.6%
Total Assets
$255B
Previous year: $240B
+6.3%

Brighthouse Financial

Brighthouse Financial

Forward Guidance

No specific forward guidance was provided in the earnings report.