earnings
confidence high
sentiment neutral
materiality 0.60
Brighthouse Financial corrects Q2 adjusted EPS to $4.04 from $4.13 due to share count error; reports net loss of $200M
Brighthouse Financial, Inc.
2023-Q2 EPS reported
-$10.77
revenue$1,547,000,000
- Corrected diluted share count to 66,967,185; adjusted EPS for Q2 2023 revised to $4.04 (was $4.13); H1 adjusted EPS revised to $6.89 (was $7.03).
- Q2 2023 net loss available to shareholders of $200M ($3.01 diluted loss) vs net income of $1,719M in Q2 2022.
- Adjusted earnings of $271M ($4.04 diluted) vs $144M ($1.91) in Q2 2022.
- Annuity sales up 16% H1 2023 vs H1 2022; life sales up 23%; YTD share repurchases ~$152M through Aug 4.
- Estimated combined RBC ratio 430-450%; holding company liquid assets $0.9B.