Brighthouse Financial reports Q3 adjusted EPS $4.18, consensus $3.92

In the third quarter of 2023, the company completed its annual actuarial review where it reviews its long-term assumptions. This resulted in a net unfavorable impact to net income of $164 million. As part of this review, the company increased its long-term mean reversion interest rate assumption for the 10-year U.S. Treasury from 3.50% to 3.75% and updated its policyholder behavior assumptions.