Brighthouse Financial Q1 EPS $4.35, Adjusted Revenue Falls $110M Short
BHF•Brighthouse Financial reported adjusted earnings of $4.35 per share for the quarter, missing analyst expectations of $4.75 while rising from $4.17 a year earlier. Adjusted revenue totaled roughly $2.1 billion against $2.21 billion forecast, and GAAP results showed a $792 million net loss.
1. Adjusted Earnings Miss Estimates
Brighthouse Financial posted adjusted earnings of $4.35 per diluted share for the quarter, below analyst projections of $4.75 but up from $4.17 in the same period last year. The shortfall reflects underwriting and hedging outcomes as well as investment performance fluctuations.
2. Adjusted Revenue Fell Short
The company reported adjusted revenue of approximately $2.1 billion, missing consensus forecasts of $2.21 billion. Revenue before net investment and derivative effects was $2.09 billion, indicating pressure from lower net investment gains.
3. GAAP Results Show Large Net Loss
On a GAAP basis, total revenue was $1.53 billion and the firm recorded a net loss of $792 million, or $13.82 per share. Brighthouse cited volatility in its hedge program and changing insurance liability reserves as primary drivers of the deficit.
