earnings
confidence high
sentiment neutral
materiality 0.75
Brighthouse Financial Q1 net income $613M vs loss $610M YoY; adj. earnings down to $294M
Brighthouse Financial, Inc.
2022-Q1 EPS reported
$7.91
revenue$2,740,000,000
- Net income available to shareholders $613M ($7.91 diluted EPS) vs net loss $610M in Q1 2021.
- Adjusted earnings (non-GAAP) $294M ($3.79) vs $385M ($4.36); adj. earnings less notable items $315M ($4.07).
- Annuity sales down 3% YoY; life sales down 13% YoY.
- Estimated combined RBC ratio 450-470%; holding company liquid assets $1.4B.
- Repurchased $180M of common stock YTD through May 5, 2022.