Brighthouse Financial Announces Completion of Reinsurance Transaction
Brighthouse Financial (Nasdaq: BHF) has successfully completed a reinsurance transaction for its legacy fixed and payout annuities block with an unnamed third party. The transaction, previously discussed during the company's Q3 2024 earnings call on November 8, has improved the company's capital efficiency. CEO Eric Steigerwalt highlighted that this strategic move has increased their estimated combined risk-based capital (RBC) ratio to between 400% and 420%, aligning with their target range of 400% to 450% under normal market conditions.
Brighthouse Financial (Nasdaq: BHF) ha completato con successo una transazione di riassicurazione per il suo blocco di rendite fisse e di pagamento legacy con una terza parte non identificata. La transazione, precedentemente discussa durante la call sugli utili del terzo trimestre 2024, tenutasi l'8 novembre, ha migliorato l'efficienza del capitale dell'azienda. Il CEO Eric Steigerwalt ha evidenziato che questa mossa strategica ha aumentato il loro rapporto stimato di capitale a rischio combinato (RBC) tra il 400% e il 420%, allineandosi con il loro intervallo target del 400% al 450% in condizioni di mercato normali.
Brighthouse Financial (Nasdaq: BHF) ha completado con éxito una transacción de reaseguro para su bloque de anualidades fijas y de pago heredadas con una tercera parte no identificada. La transacción, discutida previamente durante la llamada de ganancias del tercer trimestre de 2024 el 8 de noviembre, ha mejorado la eficiencia de capital de la empresa. El CEO Eric Steigerwalt destacó que este movimiento estratégico ha incrementado su proporción estimada de capital basado en riesgos combinado (RBC) entre el 400% y el 420%, alineándose con su rango objetivo del 400% al 450% bajo condiciones normales del mercado.
브라이트하우스 파이낸셜 (Nasdaq: BHF)는 명시되지 않은 제3자와 함께 레거시 고정 및 지급 연금 블록에 대한 재보험 거래를 성공적으로 완료했습니다. 이 거래는 11월 8일 회사의 2024년 3분기 실적 발표 전화 회의에서 이전에 논의된 바 있으며, 회사의 자본 효율성을 개선했습니다. CEO 에릭 스테이거왈트는 이 전략적 조치가 그들의 추정된 결합 위험 기반 자본(RBC) 비율을 400%에서 420% 사이로 증가시켰다고 강조하며, 이는 정상적인 시장 조건에서 목표 범위인 400%에서 450%에 부합합니다.
Brighthouse Financial (Nasdaq: BHF) a réussi à finaliser une transaction de réassurance pour son portefeuille d'annuités fixes et de paiement ancien avec une tierce partie non identifiée. La transaction, discutée précédemment lors de la conférence téléphonique sur les résultats du T3 2024 le 8 novembre, a amélioré l'efficacité capitalistique de l'entreprise. Le PDG Eric Steigerwalt a souligné que ce mouvement stratégique a augmenté leur ratio estimé de capital basé sur le risque combiné (RBC) entre 400% et 420%, s'alignant ainsi sur leur fourchette cible de 400% à 450% dans des conditions de marché normales.
Brighthouse Financial (Nasdaq: BHF) hat erfolgreich eine Rückversicherungstransaktion für seinen block von traditionellen und Auszahlungsrenten mit einer nicht näher benannten Drittpartei abgeschlossen. Die Transaktion, die zuvor während des Q3 2024 Gewinnaufrufs am 8. November erörtert wurde, hat die Kapitaleffizienz des Unternehmens verbessert. CEO Eric Steigerwalt betonte, dass dieser strategische Schritt ihr geschätztes kombinierte risikobasiertes Kapital (RBC) Verhältnis auf zwischen 400% und 420% erhöht hat, was mit ihrer Zielspanne von 400% bis 450% unter normalen Marktbedingungen übereinstimmt.
- Improved capital efficiency through strategic reinsurance transaction
- RBC ratio increased to 400-420%, reaching target range of 400-450%
- Successfully unlocked capital through legacy block transfer
- Reduction in business volume due to transfer of legacy annuity block
Insights
The completion of this reinsurance transaction marks a significant strategic move for Brighthouse Financial. The deal effectively transfers risk from a legacy fixed and payout annuities block while boosting the company's capital position. The improvement in the combined RBC ratio to
This transaction demonstrates strong capital management and risk mitigation strategy. By offloading legacy liabilities, BHF can optimize its capital allocation and potentially free up resources for core business growth or shareholder returns. The improved RBC ratio provides a stronger buffer against market volatility and enhances financial flexibility for future strategic initiatives.
“This transaction reflects our ongoing progress against several strategic initiatives designed to improve capital efficiency, unlock capital and return to our target combined risk-based capital, or RBC, ratio range in normal market conditions,” said Eric Steigerwalt, president and CEO, Brighthouse Financial. “As a result of this transaction, our estimated combined RBC ratio as of the end of the third quarter increased to between
About Brighthouse Financial, Inc.
Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) is on a mission to help people achieve financial security. As one of the largest providers of annuities and life insurance in the
1 Ranked by 2023 admitted assets. Best’s Review®: Top 200 U.S. Life/Health Insurers. AM Best, 2024.
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FOR INVESTORS
Dana Amante
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damante@brighthousefinancial.com
FOR MEDIA
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Source: Brighthouse Financial, Inc.
FAQ
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