earnings
confidence high
sentiment negative
materiality 0.75
Brighthouse Financial Q3 net loss $702M ($9.82/share); adjusted loss $3M
Brighthouse Financial, Inc.
2022-Q3 EPS reported
$11.61
revenue$8,019,000,000
- Net loss available to shareholders of $702M vs net income of $361M in Q3 2021.
- Adjusted loss less notable items of $3M ($0.04/share); adjusted earnings of $97M ($1.35/share).
- Annuity sales up 58% YoY; life sales down 30% YoY; year-to-date stock buyback $447M.
- Estimated combined RBC ratio 450-470%; holding company liquid assets $1.1B.
- Annual actuarial review raised 10-year Treasury mean reversion assumption to 3.50%, net favorable impact of $4M.