NASDAQ$BHF

Brighthouse Financial Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Brighthouse Financial announced first quarter 2021 results, reporting a net loss available to shareholders of $610 million, or $6.96 per diluted share, and adjusted earnings, less notable items, of $428 million, or $4.86 per diluted share.

Brighthouse Financial reported a net loss available to shareholders of $610 million, or $6.96 per diluted share, for the first quarter of 2021. However, adjusted earnings, less notable items, were $428 million, or $4.86 per diluted share. The company's annuity and life sales increased, and it repurchased $123 million of its common stock year-to-date through May 7, 2021.

  • Estimated combined risk-based capital ("RBC") ratio between 500% and 520%; holding company liquid assets of $1.6 billion
  • The company repurchased $123 million of its common stock year-to-date through May 7, 2021
  • Annuity sales increased 8% over the first quarter of 2020
  • Life sales increased 44% over the first quarter of 2020

Headline financials

Total Revenue

$938M

Previous: $8.99B-89.6%
EPS (adj)

$4.86

Previous: $2.60+86.9%
Book Value Per Share

$157.26

Previous: $198.62-20.8%
Book Value ex AOCI

$118.24

Previous: $172.28-31.4%
Holding Company Liquid Assets

$1.6B

Previous: $1B+60.0%
Shares Outstanding

86.8M

Previous: 100.5M-13.6%
Free Cash Flow

-$585M

Previous: $4.96B-111.8%
Net Income

-$585M

Previous: $4.96B-111.8%
Operating Income

-$855M

Previous: $6.88B-112.4%
Gross Profit

-$293M

Previous: $7.4B-104.0%
Cash & Equivalents

$4.03B

Previous: $8.93B-54.9%
Total Assets

$242B

Previous: $224B+8.0%

Revenue & EPS history

Brighthouse Financial · Revenue · Quarterly

$938M

Q1 2021-89.6%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Brighthouse Financial · $871M total across 4 segments · Q2 2025

  • Life
    $269M
  • Run-off
    $209M
  • Annuities
    $202M
  • Corporate & Other
    $191M

Forward guidance

The company did not provide forward guidance in the Q1 2021 earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.6%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-2.5%

Avg return

30 days after

43%

16 / 37 earnings

Positive

+15.3%

Q4 2018

Best reaction

-11.5%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-1.5%-2.4%+0.1%
Q4 2025-1.3%-4.1%-3.3%
Q3 2025+0.5%+0.2%-0.5%
Q1 2025-0.8%+2.3%+1.5%
Q4 2024+0.0%+6.2%-4.9%
Q3 2024-4.5%-0.8%-3.5%
Q2 2024-4.1%-7.2%-3.9%
Q1 2024-9.8%-10.0%-15.5%
Q4 2023-11.5%-9.6%-9.6%
Q3 2023-2.8%-2.3%+9.2%
Q2 2023-6.2%-7.5%-9.6%
Q1 2023-2.5%-7.2%+6.0%
Q4 2022-1.0%+2.2%-16.6%
Q3 2022-6.8%-2.7%-5.5%
Q2 2022+2.9%+6.9%+6.9%
Q1 2022-9.3%-12.1%-5.8%
Q4 2021-3.6%-3.1%-22.3%
Q3 2021+1.2%-2.3%-8.2%
Q2 2021+13.6%+12.3%+17.3%
Q1 2021-0.9%+1.0%-5.4%
Q4 2020-3.4%-4.7%+6.3%
Q3 2020+0.6%+19.0%+19.7%
Q2 2020+3.5%+8.4%+9.3%
Q1 2020-6.2%-7.1%+20.9%
Q4 2019+10.4%+10.5%-43.1%
Q3 2019+5.1%+5.0%-1.8%
Q2 2019+3.4%+0.5%+1.4%
Q1 2019-4.9%-6.8%-13.1%
Q4 2018+15.3%+18.9%+9.4%
Q3 2018+7.6%+1.6%-5.2%
Q2 2018-0.6%-8.7%-5.5%
Q1 2018+1.1%-3.3%-5.9%
Q4 2017-6.0%-0.3%-7.5%
Q3 2017+0.5%-1.6%+6.9%
Q2 2017+0.2%+0.2%-3.0%
Q1 2017+0.2%+0.2%-3.0%
Q4 2016+0.2%+2.3%-3.8%
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015

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