Brighthouse Finl Inc Stock Price, News & Analysis

Brighthouse Financial, Inc. (Nasdaq: BHF) announced the appointment of Phil Bancroft as an independent member of its Board of Directors. Bancroft, an audit committee financial expert, will also serve on the Audit and Investment Committees. He brings nearly 20 years of CFO experience from major insurance companies, including his role as CFO at Chubb. Current Director Patrick Shouvlin will retire, and Bancroft is expected to succeed him as chair of the Audit Committee. This transition is seen as a positive move to enhance the Board's expertise, furthering Brighthouse Financial's mission to provide financial security through its annuity and life insurance products.

Brighthouse Financial (BHF) reported a net loss of $967 million in Q4 2022, reflecting a significant decline from a net income of $42 million in Q4 2021. Adjusted earnings for the quarter stood at $242 million compared to $323 million a year earlier. However, the company achieved record annuity sales of $11.5 billion for the full year, marking a 36% increase quarter-over-quarter. The firm maintained a strong liquidity position with liquid assets of approximately $1.0 billion and an estimated risk-based capital (RBC) ratio of 440%. Despite challenges, Brighthouse Financial continues its share repurchase program, having repurchased $488 million of its stock in 2022.

Brighthouse Financial (NASDAQ: BHF) plans to hold a conference call on February 10, 2023, at 8:00 a.m. Eastern Time to discuss its Q4 and full year 2022 financial results. The earnings release and financial supplement will be available on February 9, 2023, after market close. Investors can access the audio webcast and related presentation on the company's Investor Relations webpage. A replay will be accessible until March 3, 2023. Brighthouse Financial is a leading provider of annuities and life insurance, focusing on financial security for its clients.

Brighthouse Financial (BHF) reported a net loss of $702 million, or $9.82 per diluted share, for Q3 2022, a decline from the previous year's net income of $361 million. Adjusted earnings were $97 million, significantly lower than $450 million in Q3 2021. Annuity sales surged 58% year-over-year, totaling $3.7 billion, while life insurance sales dropped 30%. The company repurchased $447 million of its common stock year-to-date. As of September 30, 2022, Brighthouse held $1.1 billion in liquid assets, with an estimated RBC ratio between 450% and 470%.

Brighthouse Financial plans to hold a conference call on November 8, 2022, at 8:00 a.m. Eastern Time to discuss its third quarter 2022 financial results. The earnings release will be issued on November 7, 2022, after market close. Investors can access the audio webcast and related presentation on the company's Investor Relations webpage. Additionally, a replay of the call will be available until November 25, 2022. Brighthouse Financial is one of the largest providers of annuities and life insurance in the U.S., committed to helping individuals achieve financial security.

Brighthouse Financial has launched the Shield Level Pay Plus^SM annuities, expanding its Shield^® Level Annuities suite. These annuities are designed to provide guaranteed lifetime income, appealing to retirees addressing longevity risks. The product allows clients to participate in market growth while protecting against volatility. Key features include two income rider options, a competitive annual charge of 1.50%, and flexibility for individual needs. This innovation aims to enhance retirement security, reflecting Brighthouse's commitment to financial solutions.

Brighthouse Financial (BHF) reported strong second-quarter 2022 results, with net income available to shareholders of $957 million ($12.77 per share), a significant increase from $10 million in Q2 2021. Adjusted earnings were $24 million ($0.33 per share), down from $435 million ($5.05 per share) a year ago, impacted by $223 million in notable items. Annuity sales rose 8% compared to Q1 2022, while life sales fell 27%. The company ended the quarter with a strong RBC ratio estimated between 470% and 490% and liquid assets of $1.2 billion.

Brighthouse Financial, Inc. (BHF) announced a conference call scheduled for 8:00 a.m. ET on August 5, 2022, to discuss its second-quarter financial results for the period ending June 30, 2022. The earnings release and financial supplement will be issued on August 4, 2022, after the market closes. The audio webcast and related presentation will be accessible through the Brighthouse Financial Investor Relations webpage. A replay of the call will be available until August 26, 2022.