Brighthouse Finl Inc Stock Price, News & Analysis

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.

Brighthouse Financial (Nasdaq: BHF) unveiled new enhancements to its Shield Level Annuities, aimed at providing clients with tailored retirement solutions. Key features include the Performance Lock for clients to secure index values, and new 1-Year Shield Options offering 15% or 25% downside protection. Additionally, the age limit for the Return of Premium Death Benefit has increased from 75 to 80. Recognized for its quality, Shield annuities were named in Barron’s 2021 Best Annuities ranking, emphasizing their commitment to client financial security.

Brighthouse Financial (Nasdaq: BHF) will hold a conference call and audio webcast on August 6, 2021, at 8:00 a.m. ET, to discuss its financial results for Q2 2021. The results will be released after market close on August 5, 2021. Investors can access the call via the Investor Relations page or by dialing (844) 358-9117. A replay will be available until August 27, 2021. Brighthouse Financial is a major provider of annuities and life insurance, specializing in helping individuals achieve financial security.

Brighthouse Financial (Nasdaq: BHF) has announced quarterly dividends for the Series A, B, and C Depositary Shares, payable on June 25, 2021. Holders of record as of June 10, 2021, will receive $0.4125 per Series A Depositary Share, $0.421875 per Series B Depositary Share, and $0.3359375 per Series C Depositary Share. This reflects the company's commitment to providing income to its shareholders. It is crucial for investors to be aware of potential risks and uncertainties that may affect future performance, as outlined in the company’s filings with the SEC.

Brighthouse Financial reported a net loss of $610 million, or $6.96 per diluted share, for Q1 2021, contrasting sharply with a net income of $4,950 million, or $47.11 per diluted share, in Q1 2020. Adjusted earnings increased to $385 million from $211 million year-over-year. The company's book value stood at $13.7 billion ($157.26 per share), with a decrease in liabilities sensitivity offsetting hedge value declines. Annuity sales rose 8% quarter-over-quarter while life sales surged 44%. Corporate expenses declined to $203 million from $236 million. Stock repurchases totaled $68 million in the quarter.

Brighthouse Financial (Nasdaq: BHF) will hold a conference call and audio webcast to discuss its first quarter financial results for 2021 on May 11, 2021, at 8:00 a.m. ET. The earnings release and financial supplement will be issued after market close on May 10, 2021. Investors can access the call online at the Brighthouse Financial Investor Relations webpage or join via telephone using conference ID 9569868. A replay will be available until May 28, 2021.

Brighthouse Financial, Inc. has partnered with SIMON Annuities and Insurance Services LLC to enhance the digital experience for financial professionals offering annuities. This collaboration will provide a centralized platform for advisors, facilitating the integration of Brighthouse's annuities into client portfolios. CEO Jason Broder highlighted the importance of this venture in improving client financial security through structured annuities. Brighthouse aims to expand its product accessibility in U.S. retail markets and offer valuable analytics to aid retirement planning.

Brighthouse Financial (Nasdaq: BHF) has declared quarterly dividends for its depositary shares as follows: $0.4125 for Series A, $0.421875 for Series B, and $0.46657986 for Series C. These dividends will be paid on March 25, 2021, to holders of record as of March 10, 2021. The company continues its commitment to providing value to shareholders through consistent dividend payments, reflecting its ongoing financial performance and stability in the marketplace.