Capital ManagementBHF's 2Q:24 print is the third consecutive result with some sort of negative capital surprise, raising concerns about the company's capital management.
Financial PerformanceThe sequential decline in RBC is both surprising and disappointing, indicating potential financial instability.
Sales PerformanceTotal annuity sales were $2.4B, falling short of the $2.9B estimate and reflecting a decrease of 2.6% year over year and 16.2% quarter over quarter, driven by weaker fixed annuity sales.