earnings
confidence high
sentiment neutral
materiality 0.70
Brighthouse Financial Q2 net loss $200M, adjusted earnings $271M; annuity and life sales up
Brighthouse Financial, Inc.
2023-Q2 EPS reported
-$10.77
revenue$1,547,000,000
- Net loss of $200M ($3.01/diluted share) vs net income of $1.719B in Q2 2022.
- Adjusted earnings of $271M ($4.13/diluted share) vs $144M ($1.91) prior year.
- Estimated RBC ratio 430-450%; holding company liquid assets $0.9B.
- Repurchased ~$152M of common stock YTD through Aug 4, 2023.
- Annuity sales +16%, life sales +23% in H1 2023 vs H1 2022.