earnings
confidence high
sentiment negative
materiality 0.70
Brighthouse Q4 net loss $942M ($14.70/share); adj earnings $189M ($2.92/share)
Brighthouse Financial, Inc.
2023-FY EPS reported
-$18.39
revenue$4,117,000,000
- Net loss of $942M ($14.70 diluted EPS) vs Q4 2022 net income $110M; adjusted earnings less notable items $189M ($2.92 EPS).
- Estimated combined RBC ratio ~420%; holding company liquid assets $1.3B; $350M subsidiary dividends paid to holding co in Q4.
- Repurchased $250M of common stock in FY2023 (shares down 7% YoY); additional ~$30M YTD through Feb 9, 2024; $763M remaining authorization.
- Full-year 2023 annuity sales $10.6B driven by Shield Level annuities; life sales $102M.
- Book value per share $51.08; book value ex-AOCI $133.69 per share.