---
schema_version: "secwatch.filing_event.v1"
accession: "0001685040-23-000006"
form_type: "8-K"
ticker: "BHF"
cik: "0001685040"
company_name: "Brighthouse Financial, Inc."
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T20:32:56.739023+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Brighthouse Financial Q4 2022 net loss $967M; adjusted earnings $242M; record annuity sales

## Summary
- 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.

## SEC filing metadata
- accession: 0001685040-23-000006
- form_type: 8-K
- ticker: BHF
- cik: 0001685040
- company_name: Brighthouse Financial, Inc.
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1685040/000168504023000006/0001685040-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1685040/000168504023000006/bhf-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001685040-23-000006
- JSON: https://secwatch.observer/filing/0001685040-23-000006.json
- Plain text: https://secwatch.observer/filing/0001685040-23-000006.txt

## Key facts
- Earnings Releases
  Brighthouse Financial, Inc. reported the fourth quarter ended December 31, 2022 results: net income net loss available to shareholders of $967 million, EPS $14.01 per diluted share.
  - Period: the fourth quarter ended December 31, 2022
  - Net income: net loss available to shareholders of $967 million
  - EPS: $14.01 per diluted share
  - Result: reported results
  source text: On February 9, 2023, Brighthouse Financial, Inc. (“Brighthouse Financial” or the “Company”) issued (i) a news release announcing its results for the quarter and year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1685040/000168504023000006/0001685040-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.