BHF

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.Shar...

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 she...

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 cu...

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 nea...

Brighthouse Financial (BHF) reported $2.1 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 2.7%. EPS of $4.35 for the same period compares to $4.17 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.21 billion, representing a surprise of -5.11%. The company delivered an EPS surprise of -8.42%, with the consensus EPS estimate being $4.75. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. 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: Revenues- Universal life and investment-type product policy fees: $533 million versus the three-analyst average estimate of $554.82 million. The reported number represents a year-over-year change of -1.8%. Revenues- Premiums: $168 million compared to the $176.3 million average estimate based on three analysts. The reported number represents a change of -9.7% year over year. Revenues- Other revenues: $129 million compared to the $141.5 million average estimate based on three analysts. The reported number represents a change of -5.2% year over year. Revenues- Net investment income: $1.26 billion compared to the $1.33 billion average estimate based on three analysts. The reported number represents a change of -2.6% year over year. Adjusted Revenues- Annuities- Premiums: $79 million versus $63.2 million estimated by two analysts on average. Adjusted Revenues- Annuities- Universal life and investment-type product policy fees: $388 million versus $390.19 million estimated by two analysts on average. Adjusted Revenues- Annuities- Net investment income: $771 million versus $778.29 million estimated by two analysts on average. Adjusted Revenues- Annuities- Other revenues: $117 million versus the two-analyst average estimate of $130 million. Adjusted Revenues- Life- Premiums: $89 million compared to the $111.25 million average estimate ba...

Estimated combined risk-based capital ("RBC") ratio between 430% and 450%; holding company liquid assets of $0.9 billion Annuity sales of $2.2 billion, primarily driven by $1.9 billion in sales of Shield Level Annuities Life sales of $32 million, primarily driven by sales of Brighthouse SmartCare Net loss available to shareholders of $792 million, or $13.82 per diluted share Adjusted earnings, less notable items*, of $251 million, or $4.35 per diluted share CHARLOTTE, N.C., May 06, 2026--(BUSINESS WIRE)--Brighthouse Financial, Inc. ("Brighthouse Financial" or the "company") (Nasdaq: BHF) announced today its financial results for the first quarter ended March 31, 2026. First Quarter 2026 Results The company reported a net loss available to shareholders of $792 million in the first quarter of 2026, or $13.82 per diluted share, compared with a net loss available to shareholders of $294 million in the first quarter of 2025, or $5.04 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 first quarter of 2026 with common stockholders' equity ("book value") of $3.9 billion, or $67.27 per common share, and book value, excluding accumulated other comprehensive income ("AOCI") of $8.0 billion, or $139.63 per common share. For the first quarter of 2026, the company reported adjusted earnings* of $239 million, or $4.15 per diluted share, compared with adjusted earnings of $235 million, or $4.01 per diluted share, for the first quarter of 2025. Adjusted earnings for the quarter reflect a $12 million unfavorable notable item, or $0.21 per diluted share, related to actuarial refinements. Corporate expenses in the first quarter of 2026 were $227 million, down from $239 million in the first quarter of 2025 and $234 million in the fourth quarter of 2025, 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 prior periods, corporate expenses decreased $7 million quarter-over-quarter and increased $8 million sequentially. In the first quarter of 2026, the company reported annuity sales of $2.2 billion, reflecting a decrease of 4% quarter-over-quarter...

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Brighthouse Financial Inc. (BHF) on Wednesday reported a loss of $766 million in its first quarter. On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of $13.82. Earnings, adjusted for non-recurring costs, were $4.35 per share. The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.75 per share. The annuity and life insurance company posted revenue of $1.53 billion in the period. Its adjusted revenue was $2.1 billion, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $2.21 billion. Brighthouse Financial shares have dropped slightly more than 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $62.59, a climb of 9% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BHF at https://www.zacks.com/ap/BHF

Even during a down period for the markets, Brighthouse Financial has gone against the grain, climbing to $60.47. Its shares have yielded a 10.8% return over the last six months, beating the S&P 500 by 11.8%. This performance may have investors wondering how to approach the situation. Is now the time to buy Brighthouse Financial, or should you be careful about including it in your portfolio? Get the full breakdown from our expert analysts, it’s free. We’re glad investors have benefited from the price increase, but we're swiping left on Brighthouse Financial for now. Here are three reasons there are better opportunities than BHF and a stock we'd rather own. When insurers sell policies, they protect themselves from extremely large losses or an outsized accumulation of losses with reinsurance (insurance for insurance companies). Net premiums earned are therefore gross premiums less what’s ceded to reinsurers as a risk mitigation and transfer strategy. Brighthouse Financial’s net premiums earned has declined by 7.7% annually over the last five years, much worse than the broader insurance industry. This shows that policy underwriting underperformed its other business lines. We consider book value per share (BVPS) a critical metric for insurance companies. BVPS represents the total net worth per share, providing insight into a company’s financial strength and ability to meet policyholder obligations. Although Brighthouse Financial’s BVPS declined at a 11.1% annual clip over the last five years. the good news is that its growth inflected positive over the past two years as BVPS grew at an incredible 33.1% annual clip (from $62.89 to $111.33 per share). The debt-to-equity ratio is a widely used measure to assess a company's balance sheet health. A higher ratio means that a business aggressively financed its growth with debt. This can result in higher earnings (if the borrowed funds are invested profitably) but also increases risk. If debt levels are too high, there could be difficulties in meeting obligations, especially during economic downturns or periods of rising interest rates if the debt has variable-rate payments. Brighthouse Financial currently has $7.50 billion of debt and $6.36 billion of shareholder's equity on its balance sheet, and over the past four quarters, has averaged a debt-to-equity ratio of 1.3×. We think this is dangerous - for an insurance busi...

A month has gone by since the last earnings report for Brighthouse Financial (BHF). Shares have lost about 2.6% in that time frame, outperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Brighthouse Financial due for a breakout? 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 catalysts. Brighthouse Financial's Q4 Earnings & Revenues Miss, Expenses Rise Y/Y Brighthouse Financial, Inc. reported fourth-quarter 2025 adjusted net income of $3.93 per share, which missed the Zacks Consensus Estimate by 24.3%. The bottom line decreased 33.2% year over year. Total operating revenues of $2.2 billion decreased 4.5% year over year. The top line missed the Zacks Consensus Estimate by 2.7% The underperformance can be attributed to lower premiums and policy fees, softer net investment income and higher expenses. Nevertheless, a combined risk-based capital (RBC) ratio of 456%, above the company’s 400-450% target range, provides support for long-term investment. Premiums of $173 million were down 16.4% year over year. This metric missed the Zacks Consensus Estimate by 13.9%. Adjusted net investment income was $1.3 billion in the quarter under review, down 3.1% year over year. The decrease was primarily due to reduced institutional spread margin business and the effect of lower short-term interest rates. The adjusted net investment income yield was 4.44%. Total expenses were $1.5 billion, which surged 314.8% year over year. The year-over-year increase was primarily attributable to unfavorable changes in market risk benefits, along with higher amortization of DAC and VOBA and other expenses. Corporate expenses, pretax, totaled $234 million, up 11.4% year over year, reflecting costs incurred in connection with the pending acquisition of the company. Brighthouse reported full-year adjusted earnings, less notable items, per share of $16.1, down 18.1% year over year. Total adjusted revenues amounted to $8.66 billion, down 0.7% year over year. Adjusted net investment income of $5.2 billion was down 0.4% year over year. Total expenses were $6.8 billion, which surged 43.2%. Annuities recorded adjusted earnings of $304 million, which rose 9% year over year but missed the Zacks Consensus Estimates by 5....

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how life insurance stocks fared in Q3, starting with Brighthouse Financial (NASDAQ:BHF). Life insurance companies collect premiums from policyholders in exchange for providing a future death benefit or retirement income stream. Interest rates matter for the sector (and make it cyclical), with higher rates allowing insurers to reinvest their fixed-income portfolios at more attractive yields and vice versa. Additionally, favorable demographic shifts, such as an aging population, are driving strong demand for retirement products while AI and data analytics offer significant opportunities to improve underwriting accuracy and operational efficiency. Conversely, the industry faces headwinds from persistent competition from agile insurtechs that threaten traditional distribution models. The 14 life insurance stocks we track reported a slower Q3. As a group, revenues beat analysts’ consensus estimates by 3.2%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 10% since the latest earnings results. Spun off from MetLife in 2017 to focus specifically on retail financial products, Brighthouse Financial (NASDAQ:BHF) provides annuity contracts and life insurance products designed to help individuals protect wealth, generate income, and transfer assets. Brighthouse Financial reported revenues of $2.17 billion, flat year on year. This print fell short of analysts’ expectations by 4%. Overall, it was a disappointing quarter for the company with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EPS estimates. “Brighthouse Financial delivered solid results in the quarter as we continued to execute our strategy,” said Eric Steigerwalt, president and CEO, Brighthouse Financial. Unsurprisingly, the stock is down 8.3% since reporting and currently trades at $60.22. Read our full report on Brighthouse Financial here, it’s free. Spun off from British insurer Prudential plc in 2021 after more than 60 years as its U.S. subsidiary, Jackson Financial (NYSE:JXN) offers annuity products and retirement solutions that help Americans grow and protect their retirement savings and income. Jackson Financial reported revenues of $2.01 billion, up 719% year on year, outperformi...

In February 2026, Brighthouse Financial reported past fourth-quarter 2025 revenue of US$1,689 million, up from US$1,205 million a year earlier, while quarterly net income fell to US$137 million from US$671 million, and full-year 2025 revenue and net income rose to US$6,766 million and US$433 million, respectively, from US$4,724 million and US$388 million. The combination of stronger full-year revenue and earnings alongside a much weaker fourth quarter profit profile gives investors a mixed picture of Brighthouse Financial’s recent operating performance. We’ll now examine how this contrast between higher annual revenue and softer quarterly profitability could influence Brighthouse Financial’s existing investment narrative. Capitalize on the AI infrastructure supercycle with our selection of the 35 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. To own Brighthouse Financial today, you need to believe its annuity and life franchise can convert volatile quarterly results into consistent, long term earnings. The latest report, with higher full year revenue and income but a sharply weaker fourth quarter, does not materially change the near term focus on earnings quality and capital flexibility, which remain the key catalyst and risk for shareholders watching how sustainable profitability really is. The most relevant recent development alongside these results is the Aquarian Holdings take private deal, approved by stockholders in February 2026. This transaction, agreed at US$70 per share in late 2025, now sits against a 2025 net income of US$433 million, and may reshape how you think about future upside catalysts versus the long running concerns around capital constraints and earnings volatility. Yet beneath the merger headline, investors should still be aware of the ongoing questions around capital flexibility and reserve adequacy... Read the full narrative on Brighthouse Financial (it's free!) Brighthouse Financial's narrative projects $9.6 billion revenue and $1.0 billion earnings by 2028. Uncover how Brighthouse Financial's forecasts yield a $65.50 fair value, a 11% upside to its current price. Before this earnings release, the most pessimistic analysts were assuming Brighthouse could reach about US$8.9 billion in revenue and US$906 million in earnings, yet they still saw limited upside compared with the ca...

Brighthouse Financial, Inc. BHF reported fourth-quarter 2025 adjusted net income of $3.93 per share, which missed the Zacks Consensus Estimate by 24.3%. The bottom line decreased 33.2% year over year. Total operating revenues of $2.2 billion decreased 4.5% year over year. The top line missed the Zacks Consensus Estimate by 2.7% The underperformance can be attributed to lower premiums and policy fees, softer net investment income and higher expenses. Nevertheless, a combined risk-based capital (RBC) ratio of 456%, above the company’s 400-450% target range, provides support for long-term investment. Brighthouse Financial, Inc. price-consensus-eps-surprise-chart | Brighthouse Financial, Inc. Quote Premiums of $173 million were down 16.4% year over year. This metric missed the Zacks Consensus Estimate by 13.9%. Adjusted net investment income was $1.3 billion in the quarter under review, down 3.1% year over year. The decrease was primarily due to reduced institutional spread margin business and the effect of lower short-term interest rates. The adjusted net investment income yield was 4.44%. Total expenses were $1.5 billion, which surged 314.8% year over year. The year-over-year increase was primarily attributable to unfavorable changes in market risk benefits, along with higher amortization of DAC and VOBA and other expenses. Corporate expenses, pretax, totaled $234 million, up 11.4% year over year, reflecting costs incurred in connection with the pending acquisition of the company. Brighthouse reported full-year adjusted earnings, less notable items, per share of $16.1, down 18.1% year over year. Total adjusted revenues amounted to $8.66 billion, down 0.7% year over year. Adjusted net investment income of $5.2 billion was down 0.4% year over year. Total expenses were $6.8 billion, which surged 43.2%. Annuities recorded adjusted earnings of $304 million, which rose 9% year over year but missed the Zacks Consensus Estimates by 5.1%. Annuity sales increased 22.1% to $2.7 billion, driven by record sales of Shield Level Annuities. Life’s adjusted earnings were $18 million, down 65.4% year over year. Life insurance sales increased 9.1% to $36 million, primarily driven by sales of Brighthouse SmartCare. The Run-off segment posted an adjusted loss of $58 million, wider than the adjusted loss of $27 million in the year-ago quarter. On a year-over-year basis, the adjuste...