Brighthouse Financial reports Q3 EPS $4.54, consensus $5.06

Reports Q3 revenue $1.82B vs. consensus $2.27B. “Brighthouse Financial (BHF) delivered solid results in the quarter as we continued to execute our strategy,” said Eric Steigerwalt, president and CEO, Brighthouse Financial. “In addition to producing strong sales, including achieving another record quarter for sales of our flagship Shield annuity products, we completed the separation of our legacy VA and first-generation Shield business, and ended the quarter with an estimated combined RBC ratio of 435% to 455%, at the upper end of our target range of 400% to 450% in normal market conditions. We believe the transaction with Aquarian Capital that we announced today will deliver clear and compelling value to our stockholders, while positioning Brighthouse Financial to continue pursuing growth opportunities and advancing our mission of helping people achieve financial security.”