Brighthouse Financial (BHF) Misses Q2 EPS, Reaffirms

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Go back to Brighthouse Financial (BHF) Misses Q2 EPS, Reaffirms

Brighthouse Financial Announces Second Quarter 2018 Results

August 6, 2018 4:16 PM EDT

Second quarter 2018 net loss available to shareholders of $239 million, driven primarily by net derivative mark-to-market losses Adjusted earnings* of $153 million, driven by higher corporate expenses and unfavorable results in the Run-off segment Annuity sales grew 42 percent over the second quarter of 2017 Variable annuity assets above CTE95 were flat at $2.7 billion Reaffirmed full-year 2018 guidance, less notable items: adjusted earnings per share* of $8.50 to $9.00 and an adjusted return on equity* of approximately 8 percent Announced $200 million... More