Brighthouse Financial (BHF) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Brighthouse Financial (BHF) reported revenue of $2.22 billion for Q2 2024, a year-over-year increase of 2.6$2.2 billion by 0.86% [1] - The company achieved an EPS of $5.57, up from$4.13 a year ago, representing a surprise of 27.75% compared to the consensus estimate of $4.36 [1] Revenue and Earnings Metrics - Premiums amounted to$181 million, below the estimated $212.23 million [3] - Other Revenues were reported at$141 million, exceeding the estimate of $131.43 million [4] - Net investment income reached$1.31 billion, slightly above the average estimate of $1.29 billion [5] - Universal life and investment-type product policy fees were$580 million, lower than the estimated $591.81 million [6] - Total adjusted revenues for Run-off were$429 million, compared to the estimate of $435.85 million [7] - Total adjusted revenues for Life were$297 million, below the estimated $310.61 million [8] - Total adjusted revenues for Annuities were$1.31 billion, slightly above the estimate of 1.28 billion [9] - Total adjusted revenues for Corporate & Other were 178 million, exceeding the estimate of $168.49 million [10] Adjusted Earnings Metrics - Adjusted earnings for Annuities were$332 million, surpassing the estimate of 298.27 million [11] - Adjusted earnings for Corporate & Other were 2 million, significantly better than the estimated -$71.05 million [12] - Adjusted earnings for Run-off were -$30 million, better than the estimate of -$38.71 million [13] - Adjusted earnings for Life were$42 million, exceeding the estimate of $12.86 million [14] Stock Performance - Brighthouse Financial shares returned +0.5% over the past month, while the Zacks S&P 500 composite declined by -5.9% [14] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [14]