BHF

A month has gone by since the last earnings report for Brighthouse Financial (BHF). Shares have lost about 13.6% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Brighthouse Financial due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Brighthouse Financial, Inc. before we dive into how investors and analysts have reacted as of late. BHF Q2 Earnings Miss Estimates, Investment Income Falls Y/YBrighthouse Financial, Inc. reported second-quarter 2026 adjusted net income of $4.45 per share, which missed the Zacks Consensus Estimate by 10.4%. However, the bottom line grew 29.7% year over year. The quarterly results benefited from improved underwriting margins in the Life and Run-off segments, reduced expenses and higher earnings in the Annuities business. However, lower adjusted net investment income and weaker annuity sales on a year-over-year basis partly offset the upside. Total operating revenues of $2.1 billion decreased 2% year over year, due to lower universal life and investment-type product policy fees, net investment income and other revenues, partly offset by slightly higher premiums. The figure was below the Zacks Consensus Estimate by 8.1%. Premiums of $165 million increased 0.6% year over year. Adjusted net investment income was $1.2 billion in the quarter under review, down 4.1% year over year, primarily due to lower alternative investment income. The adjusted net investment income yield was 4.17%. Total expenses were $396 million, which declined 49.1% year over year. Corporate expenses, pretax, were $204 million, up 1% year over year. Annuities recorded an adjusted operating income of $349 million, up 5.1% year over year. Annuity sales decreased 7.1% year over year to $2.4 billion, driven by lower fixed annuity sales. Life’s adjusted operating loss was $4 million, narrower than the year-ago loss of $26 million. It reflected a lower underwriting margin and lower net investment income, partially offset by lower expenses. Life insurance sales increased 18.2% quarter over quarter to $39 million.Adjusted operating loss at Run-off was $56 million, narrower than the year-ago loss of $83 million. It reflected a higher underwriting margin and lower expenses, partially offset by lower net investment income. Corporate & Other incurred an adjusted operating loss of $31 million, wider than the year-ago loss of $25 million, reflecting lower net investment income, partially offset by higher interest credited. Cash and cash equivalents were $7.1 billion, up 28.2% year over year.Shareholders’ equity of $6.6 billion at the end of the second quarter of 2026 increased 15.4% year over year. As of June 30, 2026, book value per share, excluding accumulated other comprehensive income, was $156.10, up 8.3% year over year. As of June 30, 2026, Statutory combined total adjusted capital was $4.9 billion, down 12.5% year over year. As of June 30, 2026, the estimated combined risk-based capital ratio was between 430% and 450%. In the past month, investors have witnessed a downward trend in estimates review. At this time, Brighthouse Financial has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. However, the stock has a score of C on the value side, putting it in the middle 20% for value investors. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. It's no surprise Brighthouse Financial has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Brighthouse Financial (BHF) is back in focus after reporting second quarter 2026 results and updating investors on its pending merger with Aquarian Capital, a transaction valued at about US$4.1b. See our latest analysis for Brighthouse Financial. Brighthouse Financial’s share price has softened recently, with a 1 month share price return of down 4.9% and a year to date share price return of down 3.7%. This comes even though the 1 year total shareholder return is 39.7%, which points to earlier momentum that has cooled despite the latest earnings and merger headlines. If this merger has you reassessing your opportunities across financials and beyond, it can help to widen the lens and check out 20 top founder-led companies Brighthouse Financial now sits at the crossroads of a strong recent profit picture, a pending US$4.1b merger, and a softer share price. The key issue is whether the stock already reflects that story or still trades at a discount. Brighthouse Financial closed at $62.17 against a widely followed narrative fair value of $65.50, which frames the Aquarian transaction inside a broader profitability and capital story. Read the complete narrative. Want to see what sits behind that demand story? The narrative leans on firm revenue expansion, rising margins and a lower future earnings multiple. Curious which assumptions do the heavy lifting. Result: Fair Value of $65.50 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the Brighthouse Financial narrative also relies on assumptions that could be challenged, including its exposure to variable annuities and ongoing questions around capital flexibility. Find out about the key risks to this Brighthouse Financial narrative. With sentiment around Brighthouse Financial mixed, this is a moment to look directly at the data and not just the headlines. If you want a quick way to see what investors view as the main upsides, start with the 3 key rewards If Brighthouse Financial has sharpened your focus, do not stop here. Use targeted stock lists to quickly spot fresh ideas that fit your goals before others move first. Target steadier growth potential by scanning companies highlighted in the screener containing 19 high quality undiscovered gems. Boost your focus on resilience by reviewing businesses featured in the 78 resilient stocks with low risk scores. Strengthen your search for value and quality by checking stocks shown in the 51 high quality undervalued stocks. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BHF. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Brighthouse Financial, Inc. BHF reported second-quarter 2026 adjusted net income of $4.45 per share, which missed the Zacks Consensus Estimate by 10.4%. However, the bottom line grew 29.7% year over year. The quarterly results benefited from improved underwriting margins in the Life and Run-off segments, reduced expenses and higher earnings in the Annuities business. However, lower adjusted net investment income and weaker annuity sales on a year-over-year basis partly offset the upside. Total operating revenues of $2.1 billion decreased 2% year over year, due to lower universal life and investment-type product policy fees, net investment income and other revenues, partly offset by slightly higher premiums. The figure was below the Zacks Consensus Estimate by 8.1%. Brighthouse Financial, Inc. price-consensus-eps-surprise-chart | Brighthouse Financial, Inc. Quote Premiums of $165 million increased 0.6% year over year. Adjusted net investment income was $1.2 billion in the quarter under review, down 4.1% year over year, primarily due to lower alternative investment income. The adjusted net investment income yield was 4.17%. Total expenses were $396 million, which declined 49.1% year over year. Corporate expenses, pretax, were $204 million, up 1% year over year. Annuities recorded an adjusted operating income of $349 million, up 5.1% year over year. Annuity sales decreased 7.1% year over year to $2.4 billion, driven by lower fixed annuity sales. Life’s adjusted operating loss was $4 million, narrower than the year-ago loss of $26 million. It reflected a lower underwriting margin and lower net investment income, partially offset by lower expenses. Life insurance sales increased 18.2% quarter over quarter to $39 million. Adjusted operating loss at Run-off was $56 million, narrower than the year-ago loss of $83 million. It reflected a higher underwriting margin and lower expenses, partially offset by lower net investment income. Corporate & Other incurred an adjusted operating loss of $31 million, wider than the year-ago loss of $25 million, reflecting lower net investment income, partially offset by higher interest credited. Cash and cash equivalents were $7.1 billion, up 28.2% year over year. Shareholders’ equity of $6.6 billion at the end of the second quarter of 2026 increased 15.4% year over year. As of June 30, 2026, book value per share, excluding accumulated other comprehensive income, was $156.10, up 8.3% year over year. As of June 30, 2026, Statutory combined total adjusted capital was $4.9 billion, down 12.5% year over year. As of June 30, 2026, the estimated combined risk-based capital ratio was between 430% and 450%. Brighthouse Financial currently has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Voya Financial, Inc. VOYA reported second-quarter 2026 adjusted operating earnings of $1.51 per share, missing the Zacks Consensus Estimate of $1.88 by 19.7%. The bottom line declined 38.6% year over year. Revenues of $269 million missed the consensus mark by 4.6%. After-tax adjusted operating earnings fell to $140 million from $240 million in the year-ago quarter. Results included about $40 million of pre-tax severance expenses and a $15 million pre-tax loss tied to alternative investment performance. Consolidated revenues declined 4.3% year over year to $1.90 billion. Fee income increased 7.5% to $620 million, but net investment income fell 8% to $537 million. Premiums remained nearly flat at $716 million. Total benefits and expenses rose 3.8% to $1.86 billion, including a 4.8% increase in operating expenses. Manulife Financial Corporation MFC reported second-quarter 2026 core earnings of 79 cents per share, which beat the Zacks Consensus Estimate by 1.3%. The bottom line increased 16% year over year. Revenues of $7.82 billion surpassed the consensus estimate of $7.42 billion by 5.4%. Core earnings were C$1.92 billion ($1.38 billion), up 12% year over year. APE sales advanced 21% year over year to C$2.70 billion ($1.95 billion). Asia remained the largest contributor, with sales rising to C$2.07 billion from C$1.71 billion. Canada APE sales increased 23% year over year to C$426 million ($307.69 million). Lincoln National Corporation LNC reported second-quarter 2026 adjusted earnings per share of $2.24, which surpassed the Zacks Consensus Estimate by 12%. The bottom line declined 5.1% year over year. Adjusted operating revenues grew 4.2% year over year to $4.93 billion, surpassing the Zacks Consensus Estimate by 1.4%. Management had earlier projected that the Annuities, Life Insurance, Group Protection and Retirement Plan Services units would account for 58-60%, 8-9%, 24-25% and 8-9%, respectively, of the company's total operating income in 2026. Management had earlier projected an RBC ratio of more than 420% in 2026 and over the long term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report Lincoln National Corporation (LNC) : Free Stock Analysis Report Manulife Financial Corp (MFC) : Free Stock Analysis Report Voya Financial, Inc. (VOYA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Brighthouse Financial (BHF) came out with quarterly earnings of $4.45 per share, missing the Zacks Consensus Estimate of $4.98 per share. This compares to earnings of $3.43 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10.64%. A quarter ago, it was expected that this annuity and life insurance company would post earnings of $4.75 per share when it actually produced earnings of $4.35, delivering a surprise of -8.42%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Brighthouse Financial, which belongs to the Zacks Insurance - Life Insurance industry, posted revenues of $2.1 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 8.14%. This compares to year-ago revenues of $2.15 billion. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Brighthouse Financial shares have lost about 3.2% since the beginning of the year versus the S&P 500's gain of 13%. While Brighthouse Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Brighthouse Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.10 on $2.2 billion in revenues for the coming quarter and $19.20 on $8.84 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Life Insurance is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Sun Life (SLF), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This financial services company is expected to post quarterly earnings of $1.39 per share in its upcoming report, which represents a year-over-year change of +7.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Sun Life's revenues are expected to be $6.46 billion, down 2.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report Sun Life Financial Inc. (SLF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Brighthouse Financial (BHF) reported $2.1 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 2.4%. EPS of $4.45 for the same period compares to $3.43 a year ago. The reported revenue represents a surprise of -8.14% over the Zacks Consensus Estimate of $2.29 billion. With the consensus EPS estimate being $4.98, the EPS surprise was -10.64%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Brighthouse Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net flows - Variable and Shield Level Annuities: $-2.42 billion versus $-2.25 billion estimated by two analysts on average. Variable and Shield Level Annuities Account Value, end of period: $132.98 billion compared to the $126.58 billion average estimate based on two analysts. Net flows - Fixed Annuities: $-711 million compared to the $-438.41 million average estimate based on two analysts. Universal Life with Secondary Guarantees Account Value, end of period: $4.32 billion versus $4.32 billion estimated by two analysts on average. Revenues- Universal life and investment-type product policy fees: $570 million versus $540.08 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.1% change. Revenues- Premiums: $165 million versus $170.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.6% change. Revenues- Other revenues: $129 million compared to the $145.5 million average estimate based on three analysts. The reported number represents a change of -9.8% year over year. Revenues- Net investment income: $1.24 billion versus $1.3 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.4% change. Adjusted Revenues- Annuities- Premiums: $68 million compared to the $68.46 million average estimate based on two analysts. The reported number represents a change of +13.3% year over year. Adjusted Revenues- Annuities- Universal life and investment-type product policy fees: $393 million versus $369.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.1% change. Adjusted Revenues- Annuities- Net investment income: $799 million versus $768.47 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change. Adjusted Revenues- Annuities- Other revenues: $144 million versus the two-analyst average estimate of $129.5 million. The reported number represents a year-over-year change of +11.6%. View all Key Company Metrics for Brighthouse Financial here>>> Shares of Brighthouse Financial have returned -4% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Estimated combined risk-based capital ("RBC") ratio between 430% and 450%; holding company liquid assets of $0.9 billion Annuity sales of $2.4 billion, primarily driven by $2.1 billion in sales of Shield Level Annuities Life sales of $39 million, primarily driven by sales of SmartCare Net income available to shareholders of $956 million, or $16.53 per diluted share Adjusted earnings* of $258 million, or $4.45 per diluted share CHARLOTTE, N.C., August 05, 2026--(BUSINESS WIRE)--Brighthouse Financial, Inc. ("Brighthouse Financial" or the "company") (Nasdaq: BHF) announced today its financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Results The company reported net income available to shareholders of $956 million in the second quarter of 2026, or $16.53 per diluted share, compared with net income available to shareholders of $60 million in the second quarter of 2025, or $1.02 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. The company ended the second quarter of 2026 with common stockholders' equity ("book value") of $4.9 billion, or $84.35 per common share, and book value, excluding accumulated other comprehensive income ("AOCI") of $9.0 billion, or $156.10 per common share. For the second quarter of 2026, the company reported adjusted earnings* of $258 million, or $4.45 per diluted share, compared with adjusted earnings of $198 million, or $3.43 per diluted share, for the second quarter of 2025. There were no notable items in the quarter. Corporate expenses in the second quarter of 2026 were $204 million, up from $202 million in the second quarter of 2025 and down from $227 million in the first quarter of 2026, all on a pre-tax basis. Beginning in 2026, certain costs incurred in connection with the previously announced pending acquisition of the company are not categorized as corporate expenses. Excluding these transaction-related costs in the second quarter of 2025, corporate expenses increased $9 million quarter-over-quarter. In the second quarter of 2026, the company reported annuity sales of $2.4 billion, reflecting an increase of 11% sequentially, driven by record sales of Shield Level Annuities. Annuity sales decreased 7% quarter-over-quarter and 5% year-to-date, driven by lower fixed annuity sales, partially offset by record sales of Shield Level Annuities, which exceeded $2.1 billion in the quarter and were approximately $4.0 billion in the first half of 2026. Life sales for the quarter totaled $39 million, representing a 22% increase sequentially, an 18% increase quarter-over-quarter and a 3% increase year-to-date. Annuities Adjusted earnings in the Annuities segment were $349 million in the current quarter, compared with adjusted earnings of $332 million in the second quarter of 2025 and adjusted earnings of $324 million in the first quarter of 2026. There were no notable items in the current quarter or the comparison quarters. On a quarter-over-quarter basis, adjusted earnings reflect higher net investment income, partially offset by lower income annuity underwriting margin, and higher DAC amortization. On a sequential basis, adjusted earnings primarily reflect lower expenses and higher net investment income. As mentioned above, the company reported annuity sales of $2.4 billion, reflecting an increase of 11% sequentially, driven by record sales of Shield Level Annuities. Annuity sales decreased 7% quarter-over-quarter and 5% year-to-date, driven by lower fixed annuity sales, partially offset by record sales of Shield Level Annuities, which exceeded $2.1 billion in the quarter and were approximately $4.0 billion in the first half of 2026. Life The Life segment had an adjusted loss of $4 million in the current quarter, compared with an adjusted loss of $26 million in the second quarter of 2025 and an adjusted loss of $6 million in the first quarter of 2026. There were no notable items in the current quarter or in the second quarter of 2025. The first quarter of 2026 included a $5 million favorable notable item. Both on a quarter-over-quarter and sequential basis, the adjusted loss, less notable items, reflects a higher underwriting margin, partially offset by lower net investment income. As mentioned above, the company reported Life sales of $39 million, representing a 22% increase sequentially, an 18% increase quarter-over-quarter and a 3% increase year-to-date. Run-off The Run-off segment had an adjusted loss of $56 million in the current quarter, compared with an adjusted loss of $83 million in the second quarter of 2025 and an adjusted loss of $48 million in the first quarter of 2026. There were no notable items in the current quarter or the second quarter of 2025. The first quarter of 2026 included a $17 million unfavorable notable item. On a quarter-over-quarter basis, the adjusted loss reflects a higher underwriting margin and lower expenses, partially offset by lower net investment income. On a sequential basis, the adjusted loss, less notable items, reflects lower net investment income, partially offset by lower expenses. Corporate & Other The Corporate & Other segment had an adjusted loss of $31 million in the current quarter, compared with an adjusted loss of $25 million in the second quarter of 2025 and an adjusted loss of $31 million in the first quarter of 2026. There were no notable items in the current quarter or the comparison quarters. On a quarter-over-quarter basis, the adjusted loss reflects lower net investment income, partially offset by higher interest credited. On a sequential basis, the adjusted loss was flat. Net Investment Income Net investment income was $1,241 million and adjusted net investment income* was $1,239 million in the current quarter. Adjusted net investment income decreased $53 million on a quarter-over-quarter basis, driven by lower alternative investment income. Adjusted net investment income decreased $29 million sequentially, driven by lower alternative investment income, partially offset by higher yields. The adjusted net investment income yield* was 4.17% during the quarter. Capitalization As of June 30, 2026: Statutory combined total adjusted capital(1) was $4.9 billion, relatively flat from March 31, 2026 Estimated combined RBC ratio(1) was between 430% and 450%, consistent with the first quarter of 2026 and at the upper end of our target combined RBC range of 400% to 450% in normal markets Holding company liquid assets were $0.9 billion Pending Merger with Aquarian Capital On November 6, 2025, Aquarian Capital LLC ("Aquarian Capital"), a diversified global holding company with a strategic portfolio of insurance and asset management businesses, and Brighthouse Financial, announced that they had entered into a definitive merger agreement under which an affiliate of Aquarian Capital will acquire Brighthouse Financial for $70.00 per share in an all-cash transaction valued at approximately $4.1 billion. The completion of the merger remains subject to receipt of insurance regulatory approvals in Delaware, New York and Massachusetts. All other conditions to the closing of the merger have been satisfied or waived (other than those conditions that, by their terms, are to be satisfied at the closing and are capable of being satisfied at the closing). Accordingly, if the merger has not closed by September 6, 2026, because the remaining insurance regulatory approvals have not yet been obtained, the merger agreement will be automatically extended to December 6, 2026. The merger is expected to close in 2026. About Brighthouse Financial, Inc. Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) is on a mission to help people achieve financial security. As one of the largest providers of annuities and life insurance in the U.S.,(1) we specialize in products designed to help people protect what they've earned and ensure it lasts. Learn more at brighthousefinancial.com. Note Regarding Forward-Looking Statements This news release and other oral or written statements that Brighthouse Financial makes from time to time may contain information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve substantial risks and uncertainties. Brighthouse Financial has tried, wherever possible, to identify such statements using words such as "anticipate," "estimate," "expect," "project," "may," "will," "could," "intend," "goal," "target," "guidance," "forecast," "preliminary," "objective," "continue," "aim," "plan," "believe" and other words and terms of similar meaning, or that are tied to future periods, in connection with a discussion of future operating or financial performance. In particular, these include, without limitation, statements relating to the completion of the pending merger with an affiliate of Aquarian Capital, future actions, prospective services or products, financial projections, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, as well as trends in operating and financial results. Any or all forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining the actual future results of Brighthouse Financial. These statements are based on current expectations and the current economic environment and involve a number of risks and uncertainties that are difficult to predict. These statements are not guarantees of future performance. Actual results could differ materially from those expressed or implied in the forward-looking statements due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others: Brighthouse Financial’s ability to complete the merger in the timeframe or manner currently anticipated or at all, including due to a failure to obtain the regulatory approvals required for the closing of the merger or the occurrence of any event, change or other circumstance that could give rise to the right of one or both of the parties to terminate the merger agreement; the effect of the pendency of the merger on Brighthouse Financial’s ongoing business and operations, including disruption to Brighthouse Financial’s business relationships, the diversion of management’s attention from ongoing business operations and opportunities, or the outcome of any legal proceedings that may be instituted against Aquarian Capital or Brighthouse Financial following announcement of the merger; restrictions on the conduct of Brighthouse Financial’s business prior to the closing of the merger and on Brighthouse Financial’s ability to pursue alternatives to the merger; the possibility that the merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; differences between actual experience and actuarial assumptions and the effectiveness of Brighthouse Financial's actuarial models; higher risk management costs and exposure to increased market risk due to guarantees within certain of Brighthouse Financial's products; the effectiveness of Brighthouse Financial's risk management strategy and the impacts of such strategy on volatility in Brighthouse Financial's profitability measures and the negative effects on Brighthouse Financial's statutory capital; material differences between actual outcomes and the sensitivities calculated under certain scenarios that Brighthouse Financial may utilize in connection with its risk management strategies; the impact of interest rates on Brighthouse Financial's future universal life with secondary guarantees policyholder obligations and net income volatility; the potential material adverse effect of changes in accounting standards, practices or policies applicable to Brighthouse Financial; loss of business and other negative impacts resulting from a downgrade or a potential downgrade in Brighthouse Financial's financial strength or credit ratings; the availability of reinsurance and the ability of the counterparties to Brighthouse Financial's reinsurance or indemnification arrangements to perform their obligations thereunder; heightened competition, including with respect to service, product features, product mix, scale, price, actual or perceived financial strength, claims-paying ratings, credit ratings, e-business capabilities and name recognition; Brighthouse Financial's ability to market and distribute its products through distribution channels and maintain relationships with key distribution partners; any failure of third parties to provide services Brighthouse Financial needs, any failure of the practices and procedures of such third parties and any inability to obtain information or assistance it needs from third parties; the ability of Brighthouse Financial's subsidiaries to pay dividends to it, and its ability to pay dividends to its shareholders and repurchase its common stock; the risks associated with climate change; the adverse impact of public health crises, extreme mortality events or similar occurrences on Brighthouse Financial's business and the economy in general; the impact of adverse capital and credit market conditions, including with respect to Brighthouse Financial's ability to meet liquidity needs and access capital; the impact of economic conditions in the capital markets and the U.S. and global economy, as well as geopolitical events, tariffs imposed or threatened by the U.S. or foreign governments, military actions or catastrophic events, on Brighthouse Financial's profitability measures as well as its investment portfolio, including on realized and unrealized losses and impairments, net investment spread and net investment income; the financial risks that Brighthouse Financial's investment portfolio is subject to, including credit risk, interest rate risk, inflation risk, market valuation risk, liquidity risk, real estate risk, derivatives risk, and other factors outside Brighthouse Financial's control; the impact of changes in regulation and in supervisory and enforcement policies or interpretations thereof on Brighthouse Financial's insurance business or other operations; the potential material negative tax impact of potential future tax legislation that could make some of Brighthouse Financial's products less attractive to consumers or increase its tax liability; the effectiveness of Brighthouse Financial's policies, procedures and processes in managing risk; the loss or disclosure of confidential information, damage to Brighthouse Financial's reputation and impairment of its ability to conduct business effectively as a result of any failure in cyber- or other information security systems; whether all or any portion of the tax consequences of Brighthouse Financial's separation from MetLife, Inc. are not as expected, leading to material additional taxes or material adverse consequences to tax attributes that impact Brighthouse Financial; and other factors described from time to time in documents that Brighthouse Financial files with the U.S. Securities and Exchange Commission (the "SEC"). For the reasons described above, Brighthouse Financial cautions you against relying on any forward-looking statements, which should also be read in conjunction with the other cautionary statements included and the risks, uncertainties and other factors identified in Brighthouse Financial’s most recent Annual Report on Form 10-K, particularly in the sections entitled "Risk Factors" and "Quantitative and Qualitative Disclosures About Market Risk," as well as in its other subsequent filings with the SEC. Further, any forward-looking statement speaks only as of the date on which it is made, and Brighthouse Financial undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law. The information contained on or connected to any websites referenced in this news release is not incorporated by reference into this news release. Non-GAAP and Other Financial Disclosures Our definitions of non-GAAP and other financial measures may differ from those used by other companies. Non-GAAP Financial Disclosures We present certain measures of our performance that are not calculated in accordance with accounting principles generally accepted in the United States of America, also known as "GAAP." We believe that these non-GAAP financial measures enhance the understanding of our performance by the investor community by highlighting the results of operations and the underlying profitability drivers of our business. The following non-GAAP financial measures should not be viewed as substitutes for the most directly comparable financial measures calculated in accordance with GAAP: Reconciliations to the most directly comparable historical GAAP measures are included for those measures which are presented herein. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are not accessible on a forward-looking basis because we believe it is not possible without unreasonable efforts to provide other than a range of net investment gains and losses and net derivative gains and losses, which can fluctuate significantly within or outside the range and from period to period and may have a material impact on net income (loss) available to shareholders. Adjusted Earnings, Adjusted Revenues and Adjusted Expenses Adjusted earnings is a financial measure used by management to evaluate performance and facilitate comparisons to industry results. This financial measure, which may be positive or negative, focuses on our primary businesses by excluding the impact of market volatility, which could distort trends. Adjusted earnings reflect adjusted revenues less (i) adjusted expenses, (ii) provision for income tax expense (benefit), (iii) net income (loss) attributable to noncontrolling interests and (iv) preferred stock dividends. Provided below are the adjustments to GAAP revenues and GAAP expenses used to calculate adjusted revenues and adjusted expenses, respectively. The following items are excluded from total revenues in calculating the adjusted revenues component of adjusted earnings: Net investment gains (losses); Investment gains (losses) on trading securities measured at estimated fair value through net investment income; and Net derivative gains (losses) ("NDGL"), excluding earned income and amortization of premium on derivatives that are hedges of investments or that are used to replicate certain investments, but do not qualify for hedge accounting treatment ("Investment Hedge Adjustments"). The following items are excluded from total expenses in calculating the adjusted expenses component of adjusted earnings: Change in market risk benefits; and Change in fair value of the crediting rate on experience-rated contracts and market value adjustments on institutional group annuities that are economically offset by gains (losses) on the related trading securities ("Market Value Adjustments"). The provision for income tax related to adjusted earnings is calculated using the statutory tax rate of 21%, net of impacts related to the dividends received deduction, tax credits and current period non-recurring items. Consistent with GAAP guidance for segment reporting, adjusted earnings is also our GAAP measure of segment performance. Adjusted Earnings per Common Share and Adjusted Return on Common Equity Adjusted earnings per common share and adjusted return on common equity are measures used by management to evaluate the execution of our business strategy and align such strategy with our shareholders' interests. Adjusted earnings per common share is defined as adjusted earnings for the period divided by the weighted average number of fully diluted shares of common stock outstanding for the period. The weighted average common shares outstanding used to calculate adjusted earnings per share will differ from such shares used to calculate diluted net income (loss) available to shareholders per common share when the inclusion of dilutive shares has an anti-dilutive effect for one calculation but not for the other. Adjusted return on common equity is defined as total annual adjusted earnings on a four quarter trailing basis, divided by the simple average of the most recent five quarters of total Brighthouse Financial, Inc.'s common stockholders' equity, excluding AOCI. Adjusted Net Investment Income Adjusted net investment income is used by management to measure our performance, and we believe it enhances the understanding of our investment portfolio results. Adjusted net investment income represents GAAP net investment income plus Investment Hedge Adjustments less investment gains (losses) on trading securities. Adjusted Net Investment Income Yield Similar to adjusted net investment income, adjusted net investment income yield is used by management as a performance measure that we believe enhances the understanding of our investment portfolio results. Adjusted net investment income yield represents adjusted net investment income as a percentage of average quarterly asset carrying values. Asset carrying values exclude unrealized gains (losses), collateral received in connection with our securities lending program, freestanding derivative assets and collateral received from derivative counterparties. Investment fee and expense yields are calculated as a percentage of average quarterly asset estimated fair values. Asset estimated fair values exclude collateral received in connection with our securities lending program, freestanding derivative assets and collateral received from derivative counterparties. Other Financial Disclosures Corporate Expenses Corporate expenses includes functional department expenses, public company expenses, certain investment expenses, retirement funding and incentive compensation. Notable Items Certain of the non-GAAP measures described above may be presented further adjusted to exclude notable items. Notable items reflect the unfavorable (favorable) after-tax impact on our results of certain unanticipated items and events, as well as certain items and events that were anticipated. The presentation of notable items and non-GAAP measures, less notable items is intended to help investors better understand our results and to evaluate and forecast those results. Book Value per Common Share and Book Value per Common Share, excluding AOCI Brighthouse uses the term "book value" to refer to "Brighthouse Financial, Inc.'s common stockholders' equity, including AOCI." Book value per common share is defined as ending Brighthouse Financial, Inc.'s common stockholders' equity, including AOCI, divided by ending common shares outstanding. Book value per common share, excluding AOCI, is defined as ending Brighthouse Financial, Inc.'s common stockholders' equity, excluding AOCI, divided by ending common shares outstanding. Holding Company Holding company means, collectively, Brighthouse Financial, Inc., Brighthouse Holdings, LLC, and Brighthouse Services, LLC. Holding Company Liquid Assets Holding company liquid assets include liquid assets in Brighthouse Financial, Inc., Brighthouse Holdings, LLC, and Brighthouse Services, LLC. Liquid assets are comprised of cash and cash equivalents, short-term investments and publicly-traded securities, excluding assets that are pledged or otherwise committed. Assets pledged or otherwise committed include assets held in trust. Total Adjusted Capital Total adjusted capital primarily consists of statutory capital and surplus, as well as the statutory asset valuation reserve. When referred to as "combined," represents that of our insurance subsidiaries as a whole. Sales Life insurance sales consist of 100 percent of annualized new premium for term life, first-year paid premium for whole life, universal life, and variable universal life, and total paid premium for indexed universal life. We exclude company-sponsored internal exchanges, corporate-owned life insurance, bank-owned life insurance, and private placement variable universal life. Annuity sales consist of 100 percent of direct statutory premiums, except for fixed index annuity sales, which represents 100 percent of gross sales on directly written business and the proportion of assumed gross sales under reinsurance agreements. Annuity sales exclude certain internal exchanges. These sales statistics do not correspond to revenues under GAAP, but are used as relevant measures of business activity. Risk-Based Capital Ratio The risk-based capital ratio is a method of measuring an insurance company’s capital, taking into consideration its relative size and risk profile, in order to ensure compliance with minimum regulatory capital requirements set by the National Association of Insurance Commissioners. When referred to as "combined," represents that of our insurance subsidiaries as a whole. The reporting of our combined risk-based capital ratio is not intended for the purpose of ranking any insurance company or for use in connection with any marketing, advertising or promotional activities. View source version on businesswire.com: https://www.businesswire.com/news/home/20260805886329/en/ Contacts FOR INVESTORS Dana Amante(980) [email protected] FOR MEDIA Meghan Lantier(980) [email protected]

The market expects Brighthouse Financial (BHF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This annuity and life insurance company is expected to post quarterly earnings of $4.98 per share in its upcoming report, which represents a year-over-year change of +45.2%. Revenues are expected to be $2.29 billion, up 6.3% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Brighthouse Financial, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +6.63%. On the other hand, the stock currently carries a Zacks Rank of #4. So, this combination makes it difficult to conclusively predict that Brighthouse Financial will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Brighthouse Financial would post earnings of $4.75 per share when it actually produced earnings of $4.35, delivering a surprise of -8.42%. The company has not been able to beat consensus EPS estimates in any of the last four quarters. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Brighthouse Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

A month has gone by since the last earnings report for Brighthouse Financial (BHF). Shares have added about 1.1% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Brighthouse Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. Brighthouse Financial Q1 Earnings Miss Estimates on Lower PremiumsBrighthouse Financial reported first-quarter 2026 adjusted net income of $4.35 per share, which missed the Zacks Consensus Estimate by 8.4%. However, the bottom line grew 4.3% year over year. The quarterly results reflected lower premiums, a decline in adjusted net investment income and lower sales, offset by reduced expenses. Total operating revenues of $2.1 billion decreased 3.4% year over year, due to lower premiums, universal life and investment-type product policy fees, net investment income and other revenues. Premiums of $168 million decreased 9.7% year over year.Adjusted net investment income was $1.3 billion in the quarter under review, down 1.8% year over year, primarily due to a reduction in the size of the institutional spread margin business. The investment income yield was 4.24%.Total expenses were $2.5 billion, which declined 8.4% year over year. Corporate expenses, pretax, were $227 million, which declined 5% year over year. Annuities recorded an adjusted operating income of $324 million, up 3.2% year over year. Annuity sales decreased 4% year over year to $2.2 billion.Life’s adjusted operating loss was $6 million against earnings of $9 million in the year-ago reported quarter. It reflected a lower underwriting margin and lower net investment income, partially offset by lower expenses. Life insurance sales decreased 11% quarter over quarter to $32 million.Adjusted operating loss at Run-off was $48 million, narrower than the year-ago loss of $64 million. It reflects a higher underwriting margin and lower expenses.Corporate & Other incurred an adjusted operating loss of $31 million, wider than the year-ago loss of $24 million, reflecting lower net investment income, partially offset by a higher tax benefit. Cash and cash equivalents were $4.9 billion, up 5.1% year over year.Shareholders’ equity of $5.5 billion at the end of the first quarter of 2026 increased 6.2% year over year. Book value per share, excluding accumulated other comprehensive income, was $139.63 as of March 31, 2026, down 1.6% year over year. Statutory combined total adjusted capital was $5 billion as of March 31, 2026, down 9.1% year over year. As of March 31, 2026, the estimated combined risk-based capital ratio was between 430% and 450%. In the past month, investors have witnessed a upward trend in fresh estimates. Currently, Brighthouse Financial has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. However, the stock has a grade of A on the value side, putting it in the top quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of this revision looks promising. It comes with little surprise Brighthouse Financial has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Brighthouse Financial (BHF) has been in focus after reporting first quarter 2026 results, which showed revenue of US$1,527 million and a net loss of US$766 million, along with a wider diluted loss per share. See our latest analysis for Brighthouse Financial. The earnings release, showing lower revenue and a higher net loss, has coincided with a share price of US$62.36 and a year to date share price return down 3.42%. However, the 3 year total shareholder return of 50.99% suggests longer term momentum has been stronger than recent trading. If this kind of mixed near term reaction to earnings has you comparing ideas, it could be a good time to scan for other opportunities using our 19 top founder-led companies With Brighthouse trading close to recent levels, showing a reported intrinsic discount of about 58.88% and only a small gap to analyst targets, investors are left asking whether this represents a genuine value opportunity or whether the market is already pricing in the road ahead. Brighthouse Financial's most followed narrative pegs fair value at $65.50, a little above the last close of $62.36. This puts the current discount into perspective and frames how the long term thesis hangs together. Read the complete narrative. Curious what sits behind that growth story, and how it translates into a $65.50 fair value anchored on future revenue, margin shifts, and earnings power. Result: Fair Value of $65.50 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the story can change quickly if earnings volatility tied to variable annuities persists, or if capital constraints further limit flexibility around dividends and buybacks. Find out about the key risks to this Brighthouse Financial narrative. If this mix of risks and potential rewards has you unsure, take a moment to review the details and then move quickly to form your own view using our 3 key rewards Do not stop at one stock when plenty of other ideas are waiting. Use the Simply Wall Street Screener to see what else fits your approach. Target companies that trade below fair value and still show solid fundamentals by checking out 54 high quality undervalued stocks. Prioritise resilience and financial strength by reviewing the solid balance sheet and fundamentals stocks screener (46 results). Spot opportunities that others may be missing by scanning the screener containing 21 high quality undiscovered gems. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BHF. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Brighthouse Financial, Inc. BHF reported first-quarter 2026 adjusted net income of $4.35 per share, which missed the Zacks Consensus Estimate by 8.4%. However, the bottom line grew 4.3% year over year. The quarterly results reflected lower premiums, a decline in adjusted net investment income and lower sales, offset by reduced expenses. Brighthouse Financial, Inc. price-consensus-eps-surprise-chart | Brighthouse Financial, Inc. Quote Total operating revenues of $2.1 billion decreased 3.4% year over year, due to lower premiums, universal life and investment-type product policy fees, net investment income and other revenues. Premiums of $168 million decreased 9.7% year over year. Adjusted net investment income was $1.3 billion in the quarter under review, down 1.8% year over year, primarily due to a reduction in the size of the institutional spread margin business. The investment income yield was 4.24%. Total expenses were $2.5 billion, which declined 8.4% year over year. Corporate expenses, pretax, were $227 million, which declined 5% year over year. Annuities recorded an adjusted operating income of $324 million, up 3.2% year over year. Annuity sales decreased 4% year over year to $2.2 billion. Life’s adjusted operating loss was $6 million against earnings of $9 million in the year-ago reported quarter. It reflected a lower underwriting margin and lower net investment income, partially offset by lower expenses. Life insurance sales decreased 11% quarter over quarter to $32 million. Adjusted operating loss at Run-off was $48 million, narrower than the year-ago loss of $64 million. It reflects a higher underwriting margin and lower expenses. Corporate & Other incurred an adjusted operating loss of $31 million, wider than the year-ago loss of $24 million, reflecting lower net investment income, partially offset by a higher tax benefit. Cash and cash equivalents were $4.9 billion, up 5.1% year over year. Shareholders’ equity of $5.5 billion at the end of the first quarter of 2026 increased 6.2% year over year. Book value per share, excluding accumulated other comprehensive income, was $139.63 as of March 31, 2026, down 1.6% year over year. Statutory combined total adjusted capital was $5 billion as of March 31, 2026, down 9.1% year over year. As of March 31, 2026, the estimated combined risk-based capital ratio was between 430% and 450%. Brighthouse Financial currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Voya Financial, Inc. VOYA reported first-quarter 2026 adjusted operating earnings of $2.26 per share, which beat the Zacks Consensus Estimate by 11.8%. The bottom line increased 13% year over year. Adjusted operating revenues amounted to $2 billion, which increased 3.1% year over year. Net investment income increased 1.6% year over year to $569 million. Meanwhile, fee income of $604 million increased 6% year over year. Premiums totaled $744 million, up 1% from the year-ago quarter. Total benefits and expenses were $1.8 billion, up 0.3% from the year-ago quarter. As of March 31, 2026, VOYA’s assets under management, administration, and advisement totaled $1.1 trillion. Sun Life Financial Inc. SLF delivered first-quarter 2026 underlying net income of $1.38 per share, which beat the Zacks Consensus Estimate by 2.2%. The bottom line increased 8.7% year over year. Underlying net income was $765 million (C$1 billion), which increased 5.2% year over year. Revenues of $6.4 billion decreased 18.9% year over year. Asset management gross flows & wealth sales of $45.4 billion (C$62.3 billion) increased 4.8% year over year. Group - Health & Protection sales of $402 million (C$552 million) declined 0.4% year over year. Individual - Protection sales of $840 million (C$1.15 billion) jumped 38.1% year over year. New business contractual service margin (CSM) was $313 million (C$429 million), up 11% year over year. Reinsurance Group of America, Incorporated RGA reported first-quarter 2026 adjusted operating earnings of $6.97 per share, which beat the Zacks Consensus Estimate by 12.6%. The bottom line rose 21.9% from the year-ago quarter’s figure. RGA's operating revenues of $6.6 billion beat the Zacks Consensus Estimate by 3.7%. The top line improved 19.9% year over year on higher net investment income, net premiums and other revenues. Net premiums of $4.6 billion increased 14.3% year over year and beat the Zacks Consensus Estimates by 2.4%. Investment income improved 19.3% from the prior-year quarter to $1.7 billion and beat the Zacks Consensus Estimates by 7.4%. The average investment yield increased to 4.9% from 4.6% in the prior-year period. Total benefits and expenses increased 23.8% year over year to $6.1 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report Sun Life Financial Inc. (SLF) : Free Stock Analysis Report Voya Financial, Inc. (VOYA) : Free Stock Analysis Report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Brighthouse Financial (BHF) came out with quarterly earnings of $4.35 per share, missing the Zacks Consensus Estimate of $4.75 per share. This compares to earnings of $4.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -8.42%. A quarter ago, it was expected that this annuity and life insurance company would post earnings of $5.19 per share when it actually produced earnings of $3.93, delivering a surprise of -24.28%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Brighthouse Financial, which belongs to the Zacks Insurance - Life Insurance industry, posted revenues of $2.1 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 5.11%. This compares to year-ago revenues of $2.16 billion. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Brighthouse Financial shares have lost about 3.2% since the beginning of the year versus the S&P 500's gain of 6%. While Brighthouse Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Brighthouse Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.89 on $2.3 billion in revenues for the coming quarter and $19.52 on $8.94 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Life Insurance is currently in the bottom 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens (CIA), another stock in the same industry, has yet to report results for the quarter ended March 2026. This insurance company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +150%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Citizens' revenues are expected to be $61.17 million, up 4.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report Citizens, Inc. (CIA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research