Brighthouse Financial, Inc. - BHF STOCK NEWS

Brighthouse Financial (BHF) reported Q3 2024 net income of $150 million ($2.47 per share), down from $453 million in Q3 2023. Adjusted earnings were $767 million ($12.58 per share), including $524 million in favorable notable items. The company's estimated RBC ratio was between 365-385%, with holding company liquid assets of $1.3 billion. Year-to-date annuity sales remained flat compared to 2023, while life sales increased 19%. The company repurchased approximately $215 million of common stock year-to-date through November 1, 2024, and plans to complete a reinsurance transaction by year-end to improve capital efficiency.

Brighthouse Financial (Nasdaq: BHF) has announced plans to hold a conference call and audio webcast to discuss its third quarter 2024 financial results on Friday, November 8, 2024, at 8:00 a.m. Eastern Time. The call will follow the release of the company's Q3 2024 earnings report and financial supplement, which will be issued after market close on Thursday, November 7, 2024.

Interested parties can access the audio webcast and related presentation via the Brighthouse Financial Investor Relations webpage. To participate in the conference call by telephone, advance registration is required. A replay of the call will be available until Friday, November 29, 2024, on the company's investor relations website.

Brighthouse Financial (Nasdaq: BHF) reported mixed results for Q2 2024. Net income was $9 million ($0.12 per share), compared to a net loss of $200 million in Q2 2023. Adjusted earnings were $346 million ($5.57 per share), up from $271 million in Q2 2023. The company's estimated combined RBC ratio was between 380% and 400%, with holding company liquid assets of $1.2 billion.

Annuity sales were flat in H1 2024 compared to H1 2023, while life sales increased 19%. The company repurchased approximately $151 million of its common stock year-to-date through August 2, 2024. Corporate expenses decreased to $200 million in Q2 2024 from $221 million in Q2 2023.

Brighthouse Financial (Nasdaq: BHF) has enhanced its flagship life insurance product, Brighthouse SmartCare. The hybrid product now offers a 3% Compound option for long-term care (LTC) benefit growth, expanding client flexibility. Two new riders have been added at no extra charge: the Return of Premium Surrender Benefit Rider and the Return of Premium Death Benefit Rider. These ensure clients receive at least 75% of premiums paid upon surrender and 100% upon death, respectively, subject to reductions. The enhancements aim to strengthen Brighthouse SmartCare's role in comprehensive financial planning, offering both guaranteed death benefits and LTC protection.

Brighthouse Financial (Nasdaq: BHF) has scheduled a conference call and audio webcast to discuss its Q2 2024 financial results on Thursday, August 8, 2024, at 8:00 a.m. ET. The earnings release and financial supplement will be issued on Wednesday, August 7, 2024, after market close. Investors can access the webcast and presentation via the company's Investor Relations webpage. Participants interested in joining the call by telephone need to register in advance. A replay of the call will be available until August 23, 2024, on the same webpage.

Brighthouse Financial, Inc. (Nasdaq: BHF) reported a net loss available to shareholders of $519 million, or $8.22 per diluted share in the first quarter of 2024, compared to a net loss of $525 million in the same period of 2023. The company's RBC ratio was estimated between 415% and 435%, with holding company liquid assets of $1.3 billion. An increase in total annuity sales by 3% and life sales by 26% from the first quarter of 2023 was noted. First quarter adjusted earnings were $268 million, or $4.25 per diluted share. The company repurchased approximately $89 million of its common stock year-to-date through May 3, 2024.

Brighthouse Financial, Inc. (BHF) appoints Michael J. Inserra and Lizabeth H. Zlatkus as independent members of the Board, bringing extensive experience in the insurance and financial services industries. Both designated as audit committee financial experts, they will serve on key committees, enhancing the company's governance structure and expertise.

Brighthouse Financial, Inc. (BHF) schedules a conference call to discuss Q1 financial results for 2024, with an audio webcast on May 8, 2024. The earnings release and financial supplement will be issued on May 7, 2024, after market close. Participants can access the webcast and presentation on the Investor Relations webpage and register for the conference call in advance.

Brighthouse Financial, Inc. (Nasdaq: BHF) reported a net loss available to shareholders of $942 million in the fourth quarter of 2023, with an adjusted earnings of $189 million. The company repurchased $250 million of its common stock in 2023, reducing shares outstanding by 7%. Annuity sales for the year were $10.6 billion, and life sales were $102 million. The estimated combined RBC ratio stands at approximately 420% with holding company liquid assets of $1.3 billion.