Brighthouse Financial Q1 net loss $525M; adjusted earnings $195M, down 49% YoY

Brighthouse Financial, Inc.

2023-Q1 EPS reported -$7.72 revenue$1,284,000,000

Net loss available to shareholders of $525M ($7.72/diluted share) vs net income $1,558M in Q1 2022.
Adjusted earnings $195M ($2.86/diluted share) vs $380M ($4.91) prior year, down 49%.
Annuity sales +35% YoY; life sales +15% YoY.
Estimated combined RBC ratio 460-480%; holding company liquid assets $1.1B.
Repurchased $89M of common stock year-to-date through May 5, 2023.

item 2.02 item 9.01 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Brighthouse Financial, Inc. reported first quarter ended March 31, 2023 results: net income $525 million, EPS $7.72 per diluted share.

Period: first quarter ended March 31, 2023
Net income: $525 million
EPS: $7.72 per diluted share
Result: reported results

Exact text from the filing

The company reported a net loss available to shareholders of $525 million in the first quarter of 2023, or $7.72 per diluted share, compared with net income available to shareholders of $1,558 million in the first quarter of 2022.

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Brighthouse Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001685040-23-000026

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