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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 has launched the Shield Level Pay PlusSM 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.
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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.
Brighthouse Financial reported a strong financial performance for the first quarter of 2022, achieving a net income of $613 million or $7.91 per diluted share, compared to a net loss of $610 million in Q1 2021. Adjusted earnings, less notable items, were $315 million, down from $428 million a year ago. Notably, annuity and life sales declined by 3% and 13% respectively, attributed to macroeconomic challenges. The company’s holding assets totaled $1.4 billion, and its estimated risk-based capital ratio ranged between 450% and 470%.
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.