Brighthouse Fin Pref Share BHFAP 6.6 03/25/24 | 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.

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.
• Total Corporate Expenses: $239 million, compared to $210 million for the three months ended December 31, 2024.

Cash Flow

• Holding Company Liquid Assets: $1.0 billion.
• Cash and Cash Equivalents: $4,667 million, compared to $5,045 million as of December 31, 2024.

Unique Metrics

• Estimated Combined RBC Ratio: Between 420% and 440%.
• Book Value: $3.5 billion, or $61.17 per common share; excluding AOCI, $8.2 billion, or $141.87 per common share.
• Combined Total Adjusted Capital: $5,500 million, compared to $5,373 million as of December 31, 2024.
• Combined Risk-Based Capital Ratio: Between 420%-440%, compared to 402% as of December 31, 2024.
• Stockholders’ Equity: $5,239 million, compared to $4,959 million as of December 31, 2024.
• Return on Common Equity: 16.4%, compared to 9.4% for the three months ended December 31, 2024.
• Adjusted Return on Common Equity, Excluding AOCI: 20.4%, compared to 16.2% for the three months ended December 31, 2024.

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. The financial supplement includes forward-looking statements that involve substantial risks and uncertainties, which may affect future operating or financial performance. These statements are based on current expectations and the current economic environment, and actual results could differ materially due to various known and unknown risks, uncertainties, and other factors.