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Dec 31, 2022
Brighthouse Financial Q4 2022 Earnings Report
Brighthouse Financial reported a net loss of $967 million and adjusted earnings of $242 million for Q4 2022.
Key Takeaways
Brighthouse Financial reported a net loss available to shareholders of $967 million, or $14.01 per diluted share, in the fourth quarter of 2022. Adjusted earnings for the quarter were $242 million, or $3.46 per diluted share. The company repurchased $93 million of its common stock during the quarter.
Estimated combined risk-based capital ("RBC") ratio of approximately 440%; holding company liquid assets of $1.0 billion
The company repurchased $488 million of its common stock in full year 2022, reducing shares outstanding relative to year-end 2021 by 12%; repurchased an additional $27 million year-to-date through February 7, 2023
Record annuity sales for full year 2022 of $11.5 billion, driven by strong sales of fixed deferred annuities
Fourth quarter 2022 adjusted earnings, less notable items*, of $245 million, or $3.51 per diluted share
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
As we look ahead to 2023 and beyond, we believe that we remain well positioned to continue executing our strategy and delivering long-term value for our shareholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income