earnings
confidence high
sentiment positive
materiality 0.75
Brighthouse Financial reports Q2 net income of $9M, adjusted earnings of $346M
Brighthouse Financial, Inc.
2024-Q2 EPS reported
-$8.17
revenue$1,501,000,000
- Net income available to shareholders of $9M ($0.12 per diluted share) vs net loss of $200M in Q2 2023.
- Adjusted earnings (non-GAAP) of $346M, or $5.57 per diluted share.
- Estimated combined RBC ratio 380%-400%; holding company liquid assets $1.2B.
- Year-to-date through Aug 2, 2024, repurchased ~$151M of common stock.
- Total life sales up 19% in H1 2024 vs H1 2023; annuity sales consistent.