Brighthouse Financial Pref Share BHFAO 6.75 Perp 06/25/25 B | 10-Q: FY2025 Q1 EPS: USD -5.04

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

EBIT: As of FY2025 Q1, the actual value is USD -354 M.

Segment Revenue

• Annuities: Total revenues for the Annuities segment were $1,590 million for the three months ended March 31, 2025.
• Life: Total revenues for the Life segment were $281 million for the same period.
• Run-off: Total revenues for the Run-off segment were $368 million.
• Corporate & Other: Total revenues were $151 million.

Operational Metrics

• Net Income (Loss): The net loss attributable to Brighthouse Financial, Inc. was $268 million for the three months ended March 31, 2025, compared to a net loss of $493 million for the same period in 2024.
• Adjusted Earnings (Loss): Adjusted earnings for the Annuities segment were $314 million, while the Life segment reported $9 million. The Run-off segment had a loss of $64 million, and Corporate & Other reported a loss of $24 million, resulting in total adjusted earnings of $235 million.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities was $146 million for the three months ended March 31, 2025, compared to net cash used of $530 million for the same period in 2024.
• Investing Cash Flow: Net cash provided by investing activities was $563 million, compared to net cash used of $625 million in the prior year.
• Financing Cash Flow: Net cash used in financing activities was $1,087 million, compared to net cash provided of $1,127 million in the prior year.

Unique Metrics

• Market Risk Benefits: The balance of market risk benefit liabilities was $9,165 million as of March 31, 2025, compared to $8,329 million as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company continues to focus on its core segments of Annuities and Life insurance, with strategic initiatives aimed at enhancing product offerings and distribution capabilities to drive growth and profitability.
• Non-Core Business: The Run-off segment, which includes products no longer actively sold, is managed separately to optimize value and manage risk.