Brighthouse Financial Pref Share BHFAN 5.375 Perp 12/25/25 C | 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 Q2 2024.
• Adjusted Earnings: $198 million, or $3.43 per diluted share, compared to $346 million, or $5.57 per diluted share, in Q2 2024.
• Corporate Expenses: $202 million, up from $200 million in Q2 2024 and down from $239 million in Q1 2025.
• Total Adjusted Expenses: Total adjusted expenses for the three months ended June 30, 2025, were $1,885 million, compared to $1,775 million for the same period in 2024.

Cash Flow

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

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 as of June 30, 2025, was between 405%-425%.

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 report includes forward-looking statements that involve substantial risks and uncertainties, indicating that actual results could differ materially from those expressed or implied due to various known and unknown risks, uncertainties, and other factors.