Welcome to our dedicated page for Brighthouse Financial news (Ticker: BHF), a resource for investors and traders seeking the latest updates and insights on Brighthouse Financial stock.
Brighthouse Financial, Inc. (symbol: BHF) is a prominent provider of annuities and life insurance in the United States. With a mission to help individuals achieve financial security, Brighthouse Financial designs products aimed at protecting and extending the value of their earnings. As one of the largest entities in its sector, the company stands out for its solid foundation of experience and knowledge, enabling it to fulfill its promises to customers and provide substantial value.
The company operates primarily through three segments: Annuities, Life, and Run-off. The Annuities segment, which is the primary revenue generator, encompasses variable, fixed, index-linked, and income annuities. The Life segment offers a variety of products including variable, term, universal, and whole life policies.
Brighthouse Financial boasts a customer base exceeding 2 million individuals, with over 2.4 million annuity contracts and life insurance policies currently active. Recognized as a Fortune® 500 company, it ranks among the top U.S. life/health insurers based on admitted assets, according to A.M. Best's 2019 report.
In recent years, the company has continued to strengthen its market position through strategic partnerships and innovative product offerings. As of September 30, 2019, Brighthouse Financial has demonstrated consistent growth and stability, underscoring its commitment to financial security for its clients.
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Brighthouse Financial (Nasdaq: BHF) has enhanced its flagship life insurance product, Brighthouse SmartCare. The hybrid product now offers a 3% Compound option for long-term care (LTC) benefit growth, expanding client flexibility. Two new riders have been added at no extra charge: the Return of Premium Surrender Benefit Rider and the Return of Premium Death Benefit Rider. These ensure clients receive at least 75% of premiums paid upon surrender and 100% upon death, respectively, subject to reductions. The enhancements aim to strengthen Brighthouse SmartCare's role in comprehensive financial planning, offering both guaranteed death benefits and LTC protection.
Brighthouse Financial (Nasdaq: BHF) has scheduled a conference call and audio webcast to discuss its Q2 2024 financial results on Thursday, August 8, 2024, at 8:00 a.m. ET. The earnings release and financial supplement will be issued on Wednesday, August 7, 2024, after market close. Investors can access the webcast and presentation via the company's Investor Relations webpage. Participants interested in joining the call by telephone need to register in advance. A replay of the call will be available until August 23, 2024, on the same webpage.
Brighthouse Financial, Inc. (Nasdaq: BHF) reported a net loss available to shareholders of $519 million, or $8.22 per diluted share in the first quarter of 2024, compared to a net loss of $525 million in the same period of 2023. The company's RBC ratio was estimated between 415% and 435%, with holding company liquid assets of $1.3 billion. An increase in total annuity sales by 3% and life sales by 26% from the first quarter of 2023 was noted. First quarter adjusted earnings were $268 million, or $4.25 per diluted share. The company repurchased approximately $89 million of its common stock year-to-date through May 3, 2024.
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