Brighthouse Financial Pref Share BHFAN 5.375 Perp 12/25/25 C | 8-K: FY2025 Q1 EPS: USD -5.04

EPS: As of FY2025 Q1, the actual value is USD -5.04.

Segment Revenue

• Annuity Sales: $2.3 billion, including $2.0 billion in sales of Shield Level Annuities.
• Life Sales: $36 million, reflecting growth in the life insurance suite.
• Annuities: Adjusted revenues of $1,344 million for the three months ended March 31, 2025.
• Life: Adjusted revenues of $291 million for the three months ended March 31, 2025.
• Run-off: Adjusted revenues of $367 million for the three months ended March 31, 2025.
• Corporate & Other: Adjusted revenues of $154 million for the three months ended March 31, 2025.

Operational Metrics

• Net Loss: $294 million, or $5.04 per diluted share, compared to a net loss of $519 million, or $8.22 per diluted share, in Q1 2024.
• Adjusted Earnings: $235 million, or $4.01 per diluted share, compared to an adjusted loss of $98 million, or $1.56 per diluted share, in Q1 2024.
• Corporate Expenses: $239 million, up from $207 million in Q1 2024.

Cash Flow

• Holding Company Liquid Assets: $1.0 billion.

Unique Metrics

• Estimated Combined RBC Ratio: Between 420% and 440%.
• Book Value per Common Share, Excluding AOCI: $141.87 as of March 31, 2025.

Outlook / Guidance

Brighthouse Financial anticipates volatility in net income due to differences between hedge targets and GAAP reserves impacted by market performance. The company aims to maintain a robust level of holding company liquid assets and expects continued growth in sales of Shield Level Annuities. Brighthouse Financial anticipates future actions and financial performance may be influenced by various factors including market volatility, interest rates, and regulatory changes. The company emphasizes the importance of its risk management strategies and the potential impact of actuarial assumptions on future results.