earnings
confidence high
sentiment neutral
materiality 0.75
Brighthouse Financial Q3 net income $453M ($6.89/diluted); adjusted earnings $275M ($4.18)
Brighthouse Financial, Inc.
2023-Q3 EPS reported
-$4.08
revenue$2,717,000,000
- Net income $453M vs $388M in Q3'22; diluted EPS $6.89 vs $5.97.
- Adjusted earnings less notable items $275M ($4.18/diluted).
- Estimated combined RBC ratio 400%-420%; holding company liquid assets $0.9B.
- YTD stock repurchases ~$216M through Nov 3; annuity sales -5% YoY, life sales +26% YoY.
- Annual actuarial review resulted in $164M net unfavorable impact; long-term mean reversion rate for 10-yr UST raised to 3.75%.