Welcome to our dedicated page for Brighthouse Finl news (Ticker: BHF), a resource for investors and traders seeking the latest updates and insights on Brighthouse Finl stock.
Brighthouse Financial reports developments tied to its U.S. annuity and life insurance business, including quarterly results, financial supplements, capital-structure disclosures, and product sales trends. The company distributes annuities and life insurance through independent channels and distribution partners, with reported segments that include Annuities, Life, Run-off, and Corporate & Other.
Recurring updates cover variable, fixed, index-linked, and income annuities; life insurance policies; managed run-off blocks; risk-based capital measures; hedge-related earnings volatility; and governance or shareholder-voting matters connected to material agreements.
Brighthouse Financial reported a net loss of $3,012 million or $32.49 per diluted share for Q3 2020, a sharp decline from net income of $676 million in Q3 2019. The book value stood at $17.5 billion or $191.58 per share. Adjusted loss was $689 million compared to $169 million in the prior year, mainly due to an annual actuarial review impacting net income by $2,210 million after tax. Annuity sales surged 29% and life sales increased 63%. The company repurchased $54 million worth of shares in Q3.
Brighthouse Financial (BHF) plans to hold a conference call and audio webcast to discuss its Q3 financial results on November 6, 2020, at 8:00 a.m. Eastern Time. The earnings release and financial supplement will be available after market close on November 5, 2020. Investors can access the live audio webcast and related presentation via the Brighthouse Financial Investor Relations web page. A replay will be available until November 27, 2020. Brighthouse Financial focuses on providing financial security through annuities and life insurance.