Press release
Brighthouse Financial Announces Third Quarter 2021 Results
Estimated combined risk-based capital ("RBC") ratio between 520% and 540%; holding company liquid assets of $1.5 billion $600 million Brighthouse Reinsurance
About this update from Brighthouse Financial, Inc.
[{"type":"text","content":"\n\nEstimated combined risk-based capital (\"RBC\") ratio between 520% and 540%; holding company liquid assets of $1.5 billion\n\n\n$600 million Brighthouse Reinsurance Company of Delaware (\"BRCD\") extraordinary dividend paid to Brighthouse Life Insurance Company (\"BLIC\") in the third quarter of 2021\n\n\nThe company repurchased $403 million of its common stock year-to-date through November 2, 2021\n\n\nAnnuity sales increased 1% over the third quarter of 2020\n\n\nLife sales increased 108% over the third quarter of 2020\n\n\nThird quarter 2021 net income available to shareholders of $361 million, or $4.34 per diluted share\n\n\nThird quarter 2021 adjusted earnings, less notable items*, of $514 million, or $6.17 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 third quarter ended September 30, 2021.\n\nThird Quarter 2021 Results\n\nThe company reported net income available to shareholders of $361 million in the third quarter of 2021, or $4.34 per diluted share, compared with a net loss available to shareholders of $3,012 million in the third quarter of 2020. The company ended the third quarter of 2021 with common stockholders' equity (\"book value\") of $14.7 billion, or $181.23 per common share, and book value, excluding accumulated other comprehensive income (\"AOCI\") of $10.4 billion, or $128.24 per common share.\n\nIn the third quarter of 2021, the company completed its annual actuarial review where it reviews long-term assumptions, including policyholder behavior, operational and model refinements, as well as capital markets. As a result of this review, the net unfavorable impact to net income was $116 million, compared with a net unfavorable impact of $2,210 million as a result of the 2020 annual actuarial review conducted in the third quarter of last year.\n\nFor the third quarter of 2021, the company reported adjusted earnings* of $450 million, or $5.41 per diluted share, compared with adjusted loss of $689 million, or $7.43 per diluted share, in the third quarter of 2020.\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 com...