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Dec 31, 2020
Brighthouse Financial Q4 2020 Earnings Report
Brighthouse Financial reported a net loss due to net derivative mark-to-market losses, but adjusted earnings were positive, driven by increased annuity and life sales.
Key Takeaways
Brighthouse Financial reported a net loss of $1,045 million for Q4 2020, primarily due to net derivative mark-to-market losses. However, adjusted earnings, less notable items, were $272 million, or $3.03 per diluted share. Annuity and life sales saw significant increases compared to the previous year. The company's estimated combined risk-based capital ratio was approximately 485 percent, and holding company liquid assets were $1.7 billion.
Net loss available to shareholders was $1,045 million, or $11.69 per diluted share, driven by net derivative mark-to-market losses.
Adjusted earnings, less notable items, were $272 million, or $3.03 per diluted share.
Annuity sales increased 58 percent and life sales increased 25 percent compared to Q4 2019.
Estimated combined risk-based capital ratio of approximately 485 percent and holding company liquid assets of $1.7 billion.
Revenue by Segment
Forward Guidance
Brighthouse Financial did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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