Brighthouse Financial: Q1 Earnings Snapshot

Brighthouse Financial: Q1 Earnings Snapshot

CHARLOTTE, N.C. (HERE News) — Brighthouse Financial Inc. (BHF) on Tuesday reported a loss of $493 million in its first quarter. On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of $8.22. Earnings, adjusted for non-recurring costs, came to $4.25 per share.

Exceeding Expectations

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.96 per share. The annuity and life insurance company posted revenue of $74 million in the period. Its adjusted revenue was $2.05 billion, which missed Street forecasts. Six analysts surveyed by Zacks expected $2.12 billion.

Stock Performance

Brighthouse Financial shares have declined 3.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $51.07, marking an 18% increase in the last 12 months.

About Brighthouse Financial

Brighthouse Financial is a leading provider of annuity and life insurance solutions in the United States. The company focuses on helping people achieve financial security and protection through various products and services.

Analyst Comments

Analysts are closely monitoring Brighthouse Financial’s performance in the market and will continue to assess its strategies and financial health moving forward. The company’s ability to adapt to changing market conditions and meet customer needs will be key factors in its long-term success.

Future Outlook

As Brighthouse Financial navigates through the challenges and opportunities in the financial sector, investors and industry experts will be observing its quarterly reports and strategic decisions to gauge its future outlook. The company’s resilience and innovation will be crucial in maintaining its position in the market.