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Dec 31, 2024
Brighthouse Financial Q4 2024 Earnings Report
Brighthouse Financial reported a significant turnaround in net income, driven by record life sales and capital efficiency improvements.
Key Takeaways
Brighthouse Financial achieved a strong rebound in Q4 2024, reporting net income of $646 million compared to a $942 million loss in Q4 2023. Revenue declined year-over-year, but adjusted earnings per share increased significantly. The company continued executing capital-efficient strategies, including share repurchases and expense management.
Net income turned positive, reaching $646 million from a $942 million loss last year.
Adjusted EPS rose to $5.88, up from $2.92 in Q4 2023.
Total revenue before adjustments was $2.27 billion.
Strong life insurance sales contributed to improved financial performance.
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
Brighthouse Financial plans to continue its focus on capital efficiency, annuity growth, and expense management while monitoring economic and market conditions.
Positive Outlook
- Expected continued growth in life insurance sales.
- Maintaining strong capital levels with an estimated 400% RBC ratio.
- Commitment to further share repurchases in 2025.
- Focus on risk management to mitigate market volatility.
- Ongoing operational improvements to enhance profitability.
Challenges Ahead
- Revenue decline in annuity sales impacting overall performance.
- Market volatility could impact investment income and profitability.
- Potential headwinds from economic uncertainty and interest rate changes.
- Higher corporate expenses compared to Q3 2024.
- Limited visibility on future derivative gains or losses due to market conditions.