earnings
confidence high
sentiment negative
materiality 0.78
Brighthouse Financial Q1 net loss $519M, adjusted earnings $268M; annuity sales +3%
Brighthouse Financial, Inc.
2024-Q1 EPS reported
-$8.22
revenue$74,000,000
- Net loss available to shareholders of $519M ($8.22/diluted share), vs $525M loss in Q1 2023.
- Adjusted earnings, less notable items, of $268M ($4.25/diluted share).
- Total annuity sales up 3% YoY; total life sales up 26% YoY.
- Estimated RBC ratio 415%-435%; holding company liquid assets of $1.3B.
- Repurchased ~$89M of common stock YTD through May 3, 2024.