earnings
confidence high
sentiment positive
materiality 0.85
Brighthouse Financial reports Q3 2021 net income $361M, adjusted earnings $450M; RBC ratio 520-540%
Brighthouse Financial, Inc.
2021-Q3 EPS reported
-$2.80
revenue$5,126,000,000
- Net income $361M ($4.34/diluted) vs net loss $3,012M in Q3 2020; adjusted earnings $450M ($5.41) vs adjusted loss $689M.
- Annuity sales up 1% YoY; life sales up 108% YoY.
- Estimated combined RBC ratio between 520% and 540%; holding company liquid assets $1.5B.
- Annual actuarial review resulted in $116M net unfavorable impact to net income, vs $2,210M unfavorable in prior year.
- Year-to-date through Nov 2, 2021, company repurchased $403M of common stock.