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Dec 31, 2021

Brighthouse Financial Q4 2021 Earnings Report

Brighthouse Financial reported mixed results for Q4 2021, with a net income of $42 million and adjusted earnings of $323 million.

Key Takeaways

Brighthouse Financial's Q4 2021 results showed a net income available to shareholders of $42 million, or $0.51 per diluted share, compared to a net loss of $1,045 million in Q4 2020. Adjusted earnings were $323 million, or $4.02 per diluted share, compared to $189 million in the same period last year. The company achieved its target of returning $1.5 billion to shareholders by year-end 2021.

Estimated combined risk-based capital ratio of approximately 500% and holding company liquid assets of $1.6 billion.

Total subsidiary ordinary dividends paid to the holding company were $344 million in Q4 2021.

The company returned $1.5 billion to shareholders by year-end 2021, including $499 million of common stock repurchased in full year 2021, representing 12% of shares outstanding relative to year-end 2020.

Life sales increased 133% over the fourth quarter of 2020.

Total Revenue
$2.38B
Previous year: $2.22B
+7.3%
EPS
$5.18
Previous year: $3.03
+71.0%
Book Value per Share
$185
Previous year: $189
-1.8%
Book Value w/o AOCI per Share
$132
Previous year: $124
+6.3%
Holding Company Liquid Assets
$1.6B
Previous year: $1.7B
-5.9%
Gross Profit
$625M
Previous year: $131M
+377.1%
Cash and Equivalents
$4.47B
Previous year: $4.11B
+8.9%
Total Assets
$260B
Previous year: $248B
+4.8%

Brighthouse Financial

Brighthouse Financial

Brighthouse Financial Revenue by Segment

Forward Guidance

Brighthouse Financial believes that they remain well positioned to continue to execute on our strategy in 2022 and are committed to consistently driving shareholder value.

Revenue & Expenses

Visualization of income flow from segment revenue to net income