Brighthouse Financial (BHF) Tops Q1 EPS by 13c

Brighthouse Financial (NASDAQ: BHF) reported Q1 EPS of $2.21, $0.13 better than the analyst estimate of $2.08.

• First quarter 2019 net loss available to shareholders of $737 million, or $6.31 on a per diluted share basis, driven primarily by net derivative mark-to-market losses
• Adjusted earnings, less notable items*, of $259 million, or $2.21 on a per diluted share basis
• Annuity sales grew 36 percent over the first quarter of 2018
• Variable annuity assets approximately $1.1 billion in excess of CTE98*
• Company repurchased $52 million of its common stock during the quarter; announced the repurchase of up to an additional $400 million shares of common stock

For earnings history and earnings-related data on Brighthouse Financial (BHF) click here.

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