NASDAQ$BHF

Brighthouse Financial Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Brighthouse Financial reported solid results in Q1 2022, despite macroeconomic headwinds. The company maintained balance sheet strength, managed expenses prudently, and repurchased common stock.

Brighthouse Financial announced its financial results for the first quarter ended March 31, 2022. The company reported a net income available to shareholders of $613 million, or $7.91 per diluted share. Adjusted earnings, less notable items, were $315 million, or $4.07 per diluted share.

  • Estimated combined risk-based capital ratio between 450% and 470%; holding company liquid assets of $1.4 billion
  • The company repurchased $180 million of its common stock year-to-date through May 5, 2022
  • Annuity sales decreased 3% over the first quarter of 2021
  • Life sales decreased 13% over the first quarter of 2021

Headline financials

Total Revenue

$2.74B

Previous: $938M+192.1%
EPS (adj)

$4.07

Previous: $4.86-16.3%
Book Value Per Share

$146.64

Previous: $157.26-6.8%
Book Value ex AOCI

$141.85

Previous: $118.24+20.0%
Holding Company Liquid Assets

$1.4B

Previous: $1.6B-12.5%
Free Cash Flow

$640M

Previous: -$585M+209.4%
Net Income

$640M

Previous: -$585M+209.4%
Operating Income

$876M

Previous: -$855M+202.5%
Gross Profit

$1.39B

Previous: -$293M+573.0%
Cash & Equivalents

$4.1B

Previous: $4.03B+1.9%
Total Assets

$245B

Previous: $242B+1.3%

Revenue & EPS history

Brighthouse Financial · Revenue · Quarterly

$2.74B

Q1 2022+192.1%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Brighthouse Financial · $2.3B total across 4 segments · Q1 2022

  • Net Investment Income
    $1.15B
  • Universal Life & Policy Fees
    $841M
  • Premiums
    $166M
  • Other Revenues
    $137M

Forward guidance

The document does not contain specific forward guidance. Therefore, a response cannot be provided.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-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
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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