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Dec 31, 2023
Brighthouse Financial Q4 2023 Earnings Report
Brighthouse Financial reported a net loss for Q4 2023 and highlighted its strong capitalization and liquidity.
Key Takeaways
Brighthouse Financial reported a net loss of $942 million for the fourth quarter of 2023, or $14.70 per diluted share. Adjusted earnings, less notable items, were $189 million, or $2.92 per diluted share. The company's estimated combined RBC ratio was approximately 420%, and holding company liquid assets were $1.3 billion.
Estimated combined risk-based capital ("RBC") ratio of approximately 420%; holding company liquid assets of $1.3 billion
$350 million total subsidiary dividends paid to the holding company in the fourth quarter of 2023
The company repurchased $250 million of its common stock in full year 2023, reducing shares outstanding relative to year-end 2022 by 7%; repurchased an additional approximately $30 million year-to-date through February 9, 2024
Annuity sales for full year 2023 of $10.6 billion, driven by strong sales of Shield Level annuities
Revenue by Segment
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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