Brighthouse Financial Reports Q3 Non-GAAP EPS Miss and Significant Revenue Decline
Brighthouse Financial (BHF) reported third-quarter financial results that fell significantly short of expectations. The company posted a Non-GAAP earnings per share (EPS) of $3.68, missing estimates by $1.48. Total revenue for the quarter was $853 million, representing a sharp 53.1% decrease compared to the same period last year. Despite the top and bottom-line misses, the company reported strong annuity sales totaling $2.4 billion. Brighthouse Financial also provided guidance on its capital position, estimating a combined risk-based capital (RBC) ratio between 415% and 435%, with holding company liquid assets standing at $1.0 billion.
Tickers: $BHF
Topics: annuity sales capital adequacy earnings miss revenue decline