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The latest update is out from Brighthouse Financial ( (BHF) ).
Brighthouse Financial reported mixed results for Q3 2024, with net income dropping to $150 million from $453 million in the previous year, though adjusted earnings more than doubled to $767 million. Despite consistent annuity sales, life insurance sales surged by 19%. The company is focusing on strategic initiatives to improve capital efficiency, including a reinsurance transaction aimed at boosting its RBC ratio to the target range. The firm also continued its stock repurchase program, reducing outstanding shares significantly.
For an in-depth examination of BHF stock, go to TipRanks’ Stock Analysis page.
