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Sep 30, 2022
Brighthouse Financial Q3 2022 Earnings Report
Brighthouse Financial reported a net loss of $702 million and an adjusted loss, less notable items, of $3 million for Q3 2022.
Key Takeaways
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.
Estimated combined risk-based capital ("RBC") ratio between 450% and 470%; holding company liquid assets of $1.1 billion
The company repurchased $447 million of its common stock year-to-date through November 3, 2022
Annuity sales increased 58% over the third quarter of 2021 and 50% sequentially
Life sales decreased 30% over the third quarter of 2021 and were flat sequentially
Brighthouse Financial
Brighthouse Financial
Brighthouse Financial Revenue by Segment
Revenue by Segment
Premiums Revenue
CapyFin.comUniversal Life & Investment-Type Product Policy Fees Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.comOther Revenues Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income