The market expects Brighthouse Financial (BHF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 7, 2024, might help the stock move higher if these key numbers ...

Brighthouse Financial, Inc. (BHF) has been gaining momentum on the back of higher annuity and life insurance sales, conservative investment strategy, asset growth, higher interest rates, a well-diversified and high-quality portfolio, as well as sufficient liquidity.Growth ProjectionsThe Zacks Consensus Estimate for Brighthouse Financial’s 2024 earnings per share indicates a year-over-year increase of 21.8% from the consensus estimate of 2023. The consensus estimate for revenues is pegged at $8.59 billion, i ...

Brighthouse Financial, Inc.’s (BHF) higher annuity and life insurance sales, conservative investment strategy, asset growth, higher interest rates, a well-diversified and high-quality portfolio, as well as sufficient liquidity make it worth retaining in one’s portfolio.Growth ProjectionsThe Zacks Consensus Estimate for Brighthouse Financial’s 2024 earnings per share is pegged at $16.99, indicating a year-over-year increase of 21.4%. The consensus estimate for revenues is $8.59 billion, implying a rise of 2. ...

A month has gone by since the last earnings report for Brighthouse Financial (BHF) . Shares have added about 1.2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Brighthouse Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Brighthouse Q4 Earnings Miss, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 ...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today that on March 25, 2024, holders of record as of March 10, 2024 (the “Record Date”) of (i) its depositary shares (the “Series A Depositary Shares” (Nasdaq: BHFAP)), each representing a 1/1,000th interest in a share of its 6.600% Non-Cumulative Preferred Stock, Series A (the “Series A Preferred Stock”), (ii) its depositary shares (the “Series B Depositary Shares” (Nasdaq: BHFA ...

Tuesday wasn't the sunniest day in Brighthouse Financial's (BHF -12.76%) existence. The company saw its share price crater by almost 13%, on the back of its latest earnings release. That slide was much more pronounced than the decline of the S&P 500 index, which was a relatively modest 1.4%.Fourth-quarter figures fell short of expectationsBrighthouse released its fourth-quarter figures just after market close on Monday. These revealed that the annuities and insurance products specialist earned $1.4 billion ...

Brighthouse Financial Inc. (BHF) reported fourth-quarter 2023 adjusted net income of $2.92 per share, which missed the Zacks Consensus Estimate by 23.8%. The bottom line declined 16.8% year over year.The results reflected higher revenues offset by higher expenses.Behind the HeadlinesTotal operating revenues of $2.1 billion increased 5.4% year over year, driven by higher premiums, net investment income and other income. The top line beat the consensus mark by 0.2%.Premiums of $226 million increased 35.5% yea ...

Brighthouse Financial, Inc. Fourth Quarter and Full Year 2023 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 statement ...

Financial Data and Key Metrics - Total annuity sales for 2023 were $10.6 billion, exceeding the 2023 target, with life insurance sales at $102 million [7] - Field sales of flagship Shield level annuity products reached $6.9 billion, a 17% increase year-over-year [7] - Fixed rate annuity sales were $2.7 billion, down from $3.7 billion in 2022 [7] - Full-year corporate expenses increased by 2% to $885 million, despite core inflation of approximately 4% [8] - The company repurchased $250 million of common stock in 2023, reducing shares outstanding by approximately 7% [35] - Total combined adjusted capital (TAC) declined to $6.3 billion at year-end 2023, compared to $7.3 billion at the end of Q3 2023 [13] - The estimated combined risk-based capital (RBC) ratio increased by 10 points sequentially to 420% [40] Business Line Data and Key Metrics - Shield level annuity products had a record sales year, contributing significantly to total annuity sales [7] - The company launched Brighthouse Secure Fixed Indexed Annuities and expanded its life insurance suite with Brighthouse SmartGuard Plus [36] - The Annuities segment reported adjusted earnings of $245 million in Q4 2023, while the Life segment reported $4 million [45] - The Run-off segment reported an adjusted loss of $50 million in Q4 2023 [16] Market Data and Key Metrics - The company is working with 14 plan sponsors to implement BlackRock's LifePath Paycheck, totaling $27 billion in target date fund assets and over 500,000 individual employees [10] - The company expects similar levels of outflows in 2024 as in 2023, driven by blocks of business coming out of surrender charge periods and higher rates [83] Company Strategy and Industry Competition - The company plans to continue strengthening its product suite and leveraging distribution relationships to compete effectively in chosen markets [9] - The company aims to maintain a low-cost producer advantage, focusing on efficiency gains to offer competitive products and generate shareholder returns [8] - The company's risk management strategy remains unchanged, with no material impact expected on long-term statutory free cash flows due to new statutory requirements [37] Management Commentary on Operating Environment and Future Outlook - Management highlighted the effectiveness of the company's hedging strategy, with CTE98 total asset requirements reduced by $1.14 billion due to anticipated future hedging [41] - The company expects corporate expenses to decrease in 2024 compared to 2023 [107] - Management remains optimistic about growth in Shield sales, expansion in the fixed indexed annuity market, and contributions from the worksite product offering with BlackRock [38] Other Important Information - The company implemented a new statutory requirement to reflect all anticipated future hedging in variable annuity reserves and capital, increasing total asset requirements at CTE70 by $870 million [12] - The negative unassigned funds balance at BLIC was approximately $1.1 billion at year-end 2023, primarily due to the new statutory requirement [14] - The company expects to support taking capital up from BLIC in 2024, subject to regulatory approval [20] Q&A Session Summary Question: Impact of the new statutory requirement on capital management and dividend flows [19] - The new requirement is more of a technical consideration, and the company's financial plan for 2024 supports taking capital from BLIC [20] - The company does not expect changes in cash flows or buyback plans due to the new requirement [24] Question: Sensitivity to the 50 basis point increase in the statutory mean reversion rate [52] - The impact of the 50 basis point increase is expected to be different under the new statutory requirement, but it is too early to quantify [76] Question: Expectations for normalized EPS and alternative investment returns [59] - The company expects a run-rate EPS in the range of $4, excluding notable items and adjusting for alternative investment returns [88] - The company does not predict near-term alternative investment returns but expects long-term returns of 9% to 11% [60] Question: Buyback cadence and capital return plans [61] - The company does not provide forward-looking guidance on buyback pace but expects to continue repurchasing shares in 2024 [61] Question: Impact of the new statutory requirement on CTE98 and CTE70 [91] - The new requirement reduces CTE98 total asset requirements by $1.14 billion, with a convergence of about $2 billion between CTE98 and CTE70 [49] Question: Surrender activity and outflows outlook [121] - The company expects similar levels of outflows in 2024 as in 2023, driven by blocks of business coming out of surrender charge periods and higher rates [83] Question: Long-term statutory free cash flow projections [125] - The company plans to publish long-term statutory free cash flow projections but does not have a specific timeline [84]