Press release
Brighthouse Financial Announces First Quarter 2025 Results
Estimated combined risk-based capital ("RBC") ratio between 420% and 440%; holding company liquid assets of $1.0 billion The company repurchased $85 million
About this update from Brighthouse Financial, Inc.
[{"type":"text","content":"\n\nEstimated combined risk-based capital (\"RBC\") ratio between 420% and 440%; holding company liquid assets of $1.0 billion\n\n\nThe company repurchased $85 million of its common stock year-to-date through May 6, 2025\n\n\nAnnuity sales of $2.3 billion, including $2.0 billion in sales of the company's flagship Shield Level Annuities\n\n\nLife sales of $36 million, reflecting continued steady growth of the company's life insurance suite\n\n\nNet loss available to shareholders of $294 million, or $5.04 per diluted share\n\n\nAdjusted earnings, less notable items*, of $245 million, or $4.17 per diluted share\n\n\n CHARLOTTE, N.C.--(BUSINESS WIRE)--\nBrighthouse Financial, Inc. (\"Brighthouse Financial\" or the \"company\") (Nasdaq: BHF) announced today its financial results for the first quarter ended March 31, 2025.\n\nFirst Quarter 2025 Results\n\nThe company reported a net loss available to shareholders of $294 million in the first quarter of 2025, or $5.04 per diluted share, compared with a net loss available to shareholders of $519 million in the first quarter of 2024, or $8.22 per diluted share. The company anticipates volatility in net income (loss) given the differences between its hedge target and GAAP reserves, which are impacted by market performance.\n\nThe company ended the first quarter of 2025 with common stockholders' equity (\"book value\") of $3.5 billion, or $61.17 per common share, and book value, excluding accumulated other comprehensive income (\"AOCI\") of $8.2 billion, or $141.87 per common share.\n\n\n\n_________\n\n\n\n\n\n* Information regarding the non-GAAP and other financial measures included in this news release and a reconciliation of such non-GAAP financial measures to the most directly comparable GAAP measures are provided in the Non-GAAP and Other Financial Disclosures discussion below, as well as in the tables that accompany this news release and/or the First Quarter 2025 Brighthouse Financial, Inc. Financial Supplement and/or the First Quarter 2025 Brighthouse Financial, Inc. Earnings Call Presentation (which are available on the Brighthouse Financial Investor Relations webpage at http://investor.brighthousefinancial.com). Additional information regarding notable items can be found on the last page of this news release.\n\n\n\n\n\n\n\nFor the first quarter of 2025, the company reported adjust...