earnings
confidence high
sentiment negative
materiality 0.75
Brighthouse Financial Q4 2022 net loss $967M; adjusted earnings $242M; record annuity sales
Brighthouse Financial, Inc.
2022-FY EPS reported
-$1.36
revenue$8,473,000,000
- Net loss available to shareholders $967M ($14.01 per diluted share) in Q4 2022 vs net income $42M in Q4 2021.
- Adjusted earnings (non-GAAP) $242M ($3.46 per share) in Q4 2022 vs $323M ($4.02) in Q4 2021.
- Record full-year 2022 annuity sales $11.5B, driven by fixed deferred annuities.
- Repurchased $488M of common stock in full year 2022 (12% reduction in shares); $27M YTD through Feb 7 2023.
- Estimated combined RBC ratio ~440%; holding company liquid assets $1.0B.