Brighthouse Financial ( (BHF) ) has released its Q1 earnings. Here is a breakdown of the information Brighthouse Financial presented to its investors.
Brighthouse Financial, Inc. is a leading provider of annuities and life insurance in the United States, focusing on products that help individuals achieve financial security and protect their earnings.
In its first quarter of 2025 financial results, Brighthouse Financial reported a net loss of $294 million, a significant improvement from the $519 million loss in the same period the previous year. Despite this loss, the company achieved adjusted earnings of $235 million, showcasing a turnaround from a $98 million adjusted loss in the first quarter of 2024.
Key highlights from the report include an estimated risk-based capital ratio between 420% and 440%, with holding company liquid assets totaling $1.0 billion. The company repurchased $85 million of its common stock and reported annuity sales of $2.3 billion, driven by the success of its Shield Level Annuities. Life insurance sales also grew, reaching $36 million, marking a 24% increase quarter-over-quarter.
Despite the net loss, Brighthouse Financial’s adjusted earnings reflect a solid performance with increased net investment income and a higher underwriting margin. The company continues to focus on strategic growth, particularly in its flagship Shield Level Annuities, which saw a 5% increase in sales quarter-over-quarter.
Looking ahead, Brighthouse Financial remains committed to maintaining a strong capital position and liquidity while navigating market volatility. The company aims to continue its growth trajectory in annuity and life insurance sales, leveraging its robust product offerings and strategic initiatives.