Brighthouse Financial: Q1 Earnings Snapshot
By Ap News
Published - May 07, 2024, 04:54 PM ET
Last Updated - May 27, 2024, 01:01 AM EDT
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Brighthouse Financial Inc. (BHF) on Tuesday reported a loss of $493 million in its first quarter.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of $8.22. Earnings, adjusted for non-recurring costs, came to $4.25 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.96 per share.
The annuity and life insurance company posted revenue of $74 million in the period. Its adjusted revenue was $2.05 billion, which missed Street forecasts. Six analysts surveyed by Zacks expected $2.12 billion.
