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Brighthouse Financial (BHF)
NASDAQ:BHF
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$4.5Last Year’s EPS
$2.73Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -6.07%
|Next Earnings Date:Feb 17, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive developments in strategic initiatives and sales growth, alongside challenges with maintaining the RBC ratio within the target range and normalized statutory losses. While there are notable achievements, ongoing issues with capital ratios and earnings present a balanced outlook.Company Guidance
During Brighthouse Financial's Q3 2024 earnings call, the company provided guidance aimed at improving capital efficiency and managing risk. The strategic initiatives discussed included efforts to return their combined Risk-Based Capital (RBC) ratio to the target range of 400% to 450% in normal market conditions, with an estimated RBC ratio of 365% to 385% as of September 30. The company also highlighted a robust $1.3 billion of liquid assets at the holding company level. Significant progress was reported in simplifying the hedging strategy, particularly with the Shield annuity block, which experienced a 15% increase in sales year-to-date, reaching $5.8 billion. Corporate expenses were reduced by 5% year-over-year, with $203 million spent in the third quarter and $610 million on a year-to-date basis. Additionally, Brighthouse Financial repurchased $64 million of common stock in the third quarter and $25 million through November 1, continuing their commitment to share repurchases with over $2.4 billion repurchased since 2018.Strategic Initiatives Progress
Brighthouse Financial made progress on strategic initiatives to improve capital efficiency and unlock capital. The company is working on reinsurance opportunities and simplifying its hedging strategy.
Strong Shield Annuity Sales
Sales of Shield annuity products reached $5.8 billion year-to-date, a 15% increase over 2023, marking a record level for Brighthouse.
Corporate Expense Reduction
Corporate expenses were $610 million year-to-date, a 5% decrease year-over-year, with expectations to remain lower than the previous year.
Cash Position and Stock Repurchase
The company maintained a robust cash position with $1.3 billion in liquid assets and repurchased $64 million of common stock in the third quarter.
Favorable Actuarial Assumption Review
The actuarial assumption review resulted in a net favorable impact on adjusted earnings of $524 million after tax.
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BHF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BHF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $51.09 | $50.51 | -1.14% |
| Aug 07, 2024 | $44.37 | $42.16 | -4.98% |
| May 07, 2024 | $51.07 | $45.77 | -10.38% |
| Feb 12, 2024 | $53.46 | $46.64 | -12.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brighthouse Financial (BHF) report earnings?
Brighthouse Financial (BHF) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Brighthouse Financial (BHF) earnings time?
Brighthouse Financial (BHF) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BHF EPS forecast?
BHF EPS forecast for the fiscal quarter 2024 (Q4) is $4.5.
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