Brighthouse Financial(BHF)

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Why Is Brighthouse Financial (BHF) Down 4.8% Since Last Earnings Report?
ZACKS· 2024-06-06 16:36
A month has gone by since the last earnings report for Brighthouse Financial (BHF) . Shares have lost about 4.8% in that time frame, underperforming the S&P 500. Brighthouse Q1 Earnings Beat, Revenues Miss Estimates Total operating revenues of $2.1 billion increased 2.9% year over year, driven by higher premiums, net investment income and other income. The top line, however, missed the consensus mark by 3.5%. Premiums of $202 million increased 2.5% year over year. Quarterly Segmental Update Life's adjusted ...
Here's Why Hold Strategy is Apt for Brighthouse Financial (BHF)
ZACKS· 2024-06-04 15:16
Brighthouse Financial, Inc. (BHF) is well-positioned for growth, driven by higher annuity and life insurance sales, conservative investment strategy, asset growth, improved interest rates, a well-diversified and highquality portfolio, as well as sufficient liquidity. Growth Projections The Zacks Consensus Estimate for Brighthouse Financial's 2024 earnings per share indicates a year-over-year increase of 16.4%. The consensus estimate for revenues is pegged at $8.62 billion, implying a year-over-year improvem ...
3 Sorry Insurance Stocks to Sell in May While You Still Can
Investor Place· 2024-05-30 13:18
Financial and financial technology stocks have had a decent run ever since interest rates rose. The Financial Select Sector SPDR Fund (NYSEARCA:XLF) is an exchange-traded fund that tracks 71 equities in the financial sector, including banking and insurance companies. The ETF has $39 billion in assets under management and has risen 28% over the past 12 months, edging out the S&P 500. Similarly, the ARK Fintech Innovation ETF (NYSEARCA:ARKF), which holds 33 fintech stocks, skyrocketed 44% over the same period ...
Brighthouse Financial(BHF) - 2024 Q1 - Quarterly Report
2024-05-08 20:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number: 001-37905 Brighthouse Financial, Inc. (Exact name of registrant as specified in its charter) Delaware 81-3846992 (State or other juris ...
Brighthouse (BHF) Q1 Earnings Beat, Revenues Miss Estimates
Zacks Investment Research· 2024-05-08 16:56
Brighthouse Financial (BHF) reported first-quarter 2024 adjusted net income of $4.25 per share, which beat the Zacks Consensus Estimate by 7.3%. The bottom line improved 48.6% year over year.The results reflected higher premiums and net investment income as well as lower expenses.Behind the HeadlinesTotal operating revenues of $2.1 billion increased 2.9% year over year, driven by higher premiums, net investment income and other income. The top line, however, missed the consensus mark by 3.5%.Premiums of $20 ...
Brighthouse Financial(BHF) - 2024 Q1 - Earnings Call Transcript
2024-05-08 14:19
Brighthouse Financial, Inc. (NASDAQ:BHF) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Dana Amante - Head of IR Eric T. Steigerwalt - President & CEO Edward Spehar - EVP & CFO David Rosenbaum - Head of Products & Underwriting John L. Rosenthal - EVP & CIO Myles J. Lambert - EVP and Chief Distribution and Marketing Officer Conference Call Participants Suneet Kamath - Citigroup Inc. Thomas Gallagher - Evercore ISI Elyse Greenspan - Wells Fargo Securities Wes Carmichael - Autonom ...
Brighthouse Financial(BHF) - 2024 Q1 - Earnings Call Presentation
2024-05-08 05:04
Brighthouse Financial, Inc. First Quarter 2024 Earnings Call Presentation Note regarding forward-looking statements This presentation and other oral or written statements that we make from time to time may contain information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve substantial risks and uncertainties. We have tried, wherever possible, to identify such statements using words s ...
Brighthouse Financial (BHF) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-05-07 23:31
Brighthouse Financial (BHF) reported $2.05 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 2.9%. EPS of $4.25 for the same period compares to $2.86 a year ago.The reported revenue represents a surprise of -3.47% over the Zacks Consensus Estimate of $2.12 billion. With the consensus EPS estimate being $3.96, the EPS surprise was +7.32%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...
Brighthouse Financial (BHF) Q1 Earnings Beat Estimates
Zacks Investment Research· 2024-05-07 22:50
Brighthouse Financial (BHF) came out with quarterly earnings of $4.25 per share, beating the Zacks Consensus Estimate of $3.96 per share. This compares to earnings of $2.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.32%. A quarter ago, it was expected that this annuity and life insurance company would post earnings of $3.83 per share when it actually produced earnings of $2.92, delivering a surprise of -23.76%.Over the ...
Brighthouse Financial(BHF) - 2024 Q1 - Quarterly Results
2024-05-07 20:23
Brighthouse Financial, Inc. Financial Supplement First Quarter 2024 Exhibit 99.2 Financial Results 1 Key Metrics 2 GAAP Statements of Operations 3 GAAP Balance Sheets Earnings and Select Metrics from Segments and Corporate & Other Table of Contents 5 Statements of Adjusted Earnings by Segment and Corporate & Other 6 Annuities — Statements of Adjusted Earnings 7 Annuities — Select Operating Metrics 9 Life — Statements of Adjusted Earnings 10 Life — Select Operating Metrics 12 Run-off — Statements of Adjusted ...