Brighthouse Finl Inc Stock Price, News & Analysis

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.

Brighthouse Financial (BHF) reported strong financial results for Q3 2021, with net income available to shareholders at $361 million ($4.34 per diluted share) compared to a net loss of $3,012 million in Q3 2020. Adjusted earnings reached $514 million ($6.17 per diluted share). Annuity sales saw a 1% increase year-over-year, while life sales surged 108%. Holding company liquid assets stood at $1.5 billion. The company also executed a significant stock repurchase of $403 million year-to-date. The estimated risk-based capital ratio was between 520% and 540%, reflecting stable financial health.

Brighthouse Financial announced the appointment of Carol D. Juel as an independent Board member, effective November 17, 2021. Juel brings extensive technology and financial services experience, currently serving as Executive VP and Chief Technology Officer at Synchrony Financial and previously as CIO at GE Capital Retail Finance. Her expertise is expected to provide valuable insights into the company's strategy amidst a changing technology landscape. Brighthouse Financial is a leading provider of annuities and life insurance in the U.S.

Brighthouse Financial (BHF) announced a voluntary program for stockholders owning fewer than 100 shares to sell their shares conveniently. This initiative, which will be administered by Georgeson LLC, aims to cut down administrative costs. Stockholders will incur a processing fee of $3.65 per share, capped at $60 per account. Notifications will be sent by mail on October 25, 2021, with a participation deadline of January 7, 2022, unless extended. The company will not buy back shares nor recommend participation in this program.

Brighthouse Financial (BHF) will host a conference call on November 5, 2021, at 8:00 a.m. ET to discuss its third quarter financial results ending September 30, 2021. This follows the release of its earnings report and financial supplement on November 4, 2021, post-market close. Investors can access the call via the company's website or by phone after registering in advance. A replay will be available until November 26, 2021.

Brighthouse Financial is a major provider of annuities and life insurance in the U.S., focused on helping individuals achieve financial security.

Brighthouse Financial (BHF) announced quarterly distributions for its depositary shares on September 27, 2021. Holders of record as of September 10, 2021, will receive dividends of $0.4125 per Series A share, $0.421875 per Series B share, and $0.3359375 per Series C share. The dividend payments are a clear indication of the company’s commitment to returning value to its shareholders. The Series A, B, and C dividends will be paid to the respective depositaries, ensuring timely distribution to shareholders.

Brighthouse Financial reported positive financial results for Q2 2021, achieving net income available to shareholders of $10 million or $0.11 per diluted share, a significant turnaround from a net loss of $1,998 million in Q2 2020. Adjusted earnings soared to $435 million or $5.05 per diluted share, compared to $11 million in the previous year. The company saw a 25% increase in annuity sales and a remarkable 117% rise in life sales. Notably, Brighthouse Financial repurchased $125 million of its common stock and announced a new buyback program of $1 billion.

Brighthouse Financial (BHF) has initiated a substantial stock repurchase program, authorizing up to $1 billion, supplementing an existing $200 million plan. This move underscores the company's financial robustness and commitment to returning $1.5 billion to shareholders by year-end. Since its initial repurchase authorization in 2018, Brighthouse has repurchased nearly $1.3 billion, reducing shares outstanding by over 31%. The company intends to execute repurchases through various methods, including open market transactions.