Brighthouse Finl Inc Stock Price, News & Analysis

Brighthouse Financial, Inc. (NASDAQ: BHF) announced a conference call and audio webcast to discuss its financial results for Q1 2022 on May 10, 2022, at 8:00 a.m. Eastern Time. The results will be released after market close on May 9, 2022. The conference call will be accessible online via the company's Investor Relations web page, with a replay available until May 27, 2022. As a key player in the U.S. life insurance and annuity market, Brighthouse aims to provide financial security and protect earned wealth.

Brighthouse Financial (BHF) reported its fourth quarter and full year 2021 results, achieving a net income of $42 million, or $0.51 per diluted share, compared to a net loss of $1,045 million in Q4 2020. The company reached its goal of returning $1.5 billion to shareholders, aided by $499 million in share repurchases. Annuity sales fell 20% quarter-over-quarter, while life sales surged 133%. Total adjusted earnings for 2021 were $1.8 billion, or $21.50 per diluted share. The estimated risk-based capital ratio is approximately 500%, with liquid assets of $1.6 billion.

Brighthouse Financial, Inc. (BHF) announced a conference call scheduled for February 11, 2022, at 8:00 a.m. Eastern Time to discuss its fourth quarter and full year financial results for 2021. The earnings release and financial supplement will be issued on February 10, 2022, after market close. Investors can access the audio webcast through the company's Investor Relations webpage. A replay of the call will be available until March 4, 2022. Brighthouse Financial is one of the largest providers of annuities and life insurance in the U.S.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” for Brighthouse Life Insurance Company and its affiliates. Concurrently, the Long-Term ICR of “bbb+” for Brighthouse Financial, Inc. was also affirmed, with all ratings carrying a stable outlook. These ratings reflect Brighthouse's strong balance sheet, operating performance, and effective risk management. The company reported a net operating loss in 2020 but has seen a strong earnings recovery in Q3 2021, driven by its flagship annuity product.

Brighthouse Financial, Inc. (Nasdaq: BHF) has announced the pricing terms for its cash tender offer, aiming to purchase up to $750 million of its 3.700% Senior Notes due 2027 and 4.700% Senior Notes due 2047. The offer's total consideration and accrued interest will be applicable for validly tendered notes until the early tender deadline of November 23, 2021. Due to exceeding the tender cap, acceptance will be prioritized. Payments for accepted notes will be made on November 26, 2021, and the offer will expire on December 8, 2021.

Brighthouse Financial (BHF) announced early tender results for its cash tender offer, targeting up to $750 million in its Senior Notes. Holders have until December 8, 2021, to participate. As of the early tender deadline on November 23, 2021, approximately $542.84 million of 3.700% Senior Notes and $604.39 million of 4.700% Senior Notes were validly tendered. The Offer is conditioned on financing, which was satisfied with a new $400 million note issuance. Payment for accepted tendered notes is expected on November 26, 2021.

AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to Brighthouse Financial's upcoming $400 million senior unsecured notes and “bbb-” (Good) to its $350 million preferred stock. The outlook is stable. Additionally, Brighthouse announced a cash tender offer to purchase up to $750 million of its existing senior unsecured notes. The company estimates its risk-based capital ratio between 520% and 540% as of Q3 2021, with a neutral impact on financial leverage and coverage metrics.

Brighthouse Financial (BHF) announced an increase in its cash tender offer for Senior Notes, raising the purchase price to $750 million. The company will acquire its 3.700% Senior Notes due 2027 and 4.700% Senior Notes due 2047 in accordance with specified Acceptance Priority Levels. The Financing Condition was amended to require gross proceeds of at least $750 million from debt or preferred stock financings. The offer expires on December 8, 2021, with an Early Tender Deadline on November 23, 2021.

Brighthouse Financial, Inc. (BHF) has launched a cash tender offer for up to $500 million in aggregate for its 3.700% Senior Notes due 2027 and 4.700% Senior Notes due 2047. The tender offer is set to expire on December 8, 2021, with an early tender deadline on November 23, 2021. The purpose is to refinance the tendered notes, and the financing condition must be met before any purchases are made. Participating dealers include BofA Securities, Goldman Sachs, and Wells Fargo.