Brighthouse Financial Pref Share BHFAO 6.75 Perp 06/25/25 B | 8-K: FY2025 Q2 EPS: USD 1.02

EPS: As of FY2025 Q2, the actual value is USD 1.02.

EBIT: As of FY2025 Q2, the actual value is USD 93 M.

Segment Revenue

• Annuity Sales: $2.6 billion, including $1.9 billion from Shield Level Annuities.
• Life Sales: $33 million, primarily driven by Brighthouse SmartCare.
• Annuities: Adjusted revenues for the three months ended June 30, 2025 were $1,331 million, compared to $1,314 million for the same period in 2024.
• Life: Adjusted revenues for the three months ended June 30, 2025 were $283 million, compared to $297 million for the same period in 2024.
• Run-off: Adjusted revenues for the three months ended June 30, 2025 were $382 million, compared to $429 million for the same period in 2024.
• Corporate & Other: Adjusted revenues for the three months ended June 30, 2025 were $158 million, compared to $178 million for the same period in 2024.

Operational Metrics

• Net Income: $60 million, or $1.02 per diluted share, compared to $9 million, or $0.12 per diluted share, in the second quarter of 2024.
• Adjusted Earnings: $198 million, or $3.43 per diluted share, compared to $346 million, or $5.57 per diluted share, in the second quarter of 2024.
• Corporate Expenses: $202 million, up from $200 million in the second quarter of 2024 and down from $239 million in the first quarter of 2025.
• Net Income: Net income available to shareholders for the three months ended June 30, 2025 was $60 million, compared to $9 million for the same period in 2024.
• Adjusted Earnings: Adjusted earnings for the three months ended June 30, 2025 were $198 million, compared to $346 million for the same period in 2024.
• Total Corporate Expenses: Total corporate expenses for the three months ended June 30, 2025 were $202 million, compared to $200 million for the same period in 2024.

Cash Flow

• Operating Cash Flow: Not explicitly detailed in the reference.
• Free Cash Flow: Not explicitly detailed in the reference.

Unique Metrics

• Estimated Combined RBC Ratio: Between 405% and 425%.
• Holding Company Liquid Assets: $0.9 billion.
• Common Stock Repurchases: $102 million year-to-date through June 30, 2025.
• Combined Risk-Based Capital Ratio: The combined risk-based capital ratio for the three months ended June 30, 2025 was reported as a range of 405%-425%, compared to 380%-400% for the same period in 2024.

Outlook / Guidance

• The company anticipates volatility in net income due to differences between its hedge target and GAAP reserves, which are impacted by market performance.
• The company aims to maintain a robust level of holding company liquid assets and prudently manage expenses.
• The financial supplement includes forward-looking statements that involve substantial risks and uncertainties, emphasizing that actual results could differ materially from those expressed or implied due to various known and unknown factors.