Welcome to our dedicated page for Brighthouse Financial news (Ticker: BHF), a resource for investors and traders seeking the latest updates and insights on Brighthouse Financial stock.
Brighthouse Financial, Inc. (symbol: BHF) is a prominent provider of annuities and life insurance in the United States. With a mission to help individuals achieve financial security, Brighthouse Financial designs products aimed at protecting and extending the value of their earnings. As one of the largest entities in its sector, the company stands out for its solid foundation of experience and knowledge, enabling it to fulfill its promises to customers and provide substantial value.
The company operates primarily through three segments: Annuities, Life, and Run-off. The Annuities segment, which is the primary revenue generator, encompasses variable, fixed, index-linked, and income annuities. The Life segment offers a variety of products including variable, term, universal, and whole life policies.
Brighthouse Financial boasts a customer base exceeding 2 million individuals, with over 2.4 million annuity contracts and life insurance policies currently active. Recognized as a Fortune® 500 company, it ranks among the top U.S. life/health insurers based on admitted assets, according to A.M. Best's 2019 report.
In recent years, the company has continued to strengthen its market position through strategic partnerships and innovative product offerings. As of September 30, 2019, Brighthouse Financial has demonstrated consistent growth and stability, underscoring its commitment to financial security for its clients.
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Brighthouse Financial plans to hold a conference call and audio webcast to discuss financial results for the first quarter ended March 31, 2023. The call is scheduled for 8:00 a.m. Eastern Time on Tuesday, May 9, 2023, following the release of Q1 earnings on May 8, 2023, after market close. Investors can access the webcast and related materials through the company's Investor Relations webpage. A replay of the call will be available until May 26, 2023.
Brighthouse Financial is one of the largest providers of annuities and life insurance in the U.S., dedicated to helping individuals achieve financial security.
Brighthouse Financial, Inc. (Nasdaq: BHF) announced the appointment of Phil Bancroft as an independent member of its Board of Directors. Bancroft, an audit committee financial expert, will also serve on the Audit and Investment Committees. He brings nearly 20 years of CFO experience from major insurance companies, including his role as CFO at Chubb. Current Director Patrick Shouvlin will retire, and Bancroft is expected to succeed him as chair of the Audit Committee. This transition is seen as a positive move to enhance the Board's expertise, furthering Brighthouse Financial's mission to provide financial security through its annuity and life insurance products.
Brighthouse Financial (BHF) reported a net loss of $967 million in Q4 2022, reflecting a significant decline from a net income of $42 million in Q4 2021. Adjusted earnings for the quarter stood at $242 million compared to $323 million a year earlier. However, the company achieved record annuity sales of $11.5 billion for the full year, marking a 36% increase quarter-over-quarter. The firm maintained a strong liquidity position with liquid assets of approximately $1.0 billion and an estimated risk-based capital (RBC) ratio of 440%. Despite challenges, Brighthouse Financial continues its share repurchase program, having repurchased $488 million of its stock in 2022.
Brighthouse Financial (NASDAQ: BHF) plans to hold a conference call on February 10, 2023, at 8:00 a.m. Eastern Time to discuss its Q4 and full year 2022 financial results. The earnings release and financial supplement will be available on February 9, 2023, after market close. Investors can access the audio webcast and related presentation on the company's Investor Relations webpage. A replay will be accessible until March 3, 2023. Brighthouse Financial is a leading provider of annuities and life insurance, focusing on financial security for its clients.
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