NASDAQ$BHF

Brighthouse Financial Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Brighthouse Financial reported mixed results for Q4 2021, with a net income of $42 million and adjusted earnings of $323 million.

Brighthouse Financial's Q4 2021 results showed a net income available to shareholders of $42 million, or $0.51 per diluted share, compared to a net loss of $1,045 million in Q4 2020. Adjusted earnings were $323 million, or $4.02 per diluted share, compared to $189 million in the same period last year. The company achieved its target of returning $1.5 billion to shareholders by year-end 2021.

  • Estimated combined risk-based capital ratio of approximately 500% and holding company liquid assets of $1.6 billion.
  • Total subsidiary ordinary dividends paid to the holding company were $344 million in Q4 2021.
  • The company returned $1.5 billion to shareholders by year-end 2021, including $499 million of common stock repurchased in full year 2021, representing 12% of shares outstanding relative to year-end 2020.
  • Life sales increased 133% over the fourth quarter of 2020.

Headline financials

Total Revenue

$2.38B

Previous: $2.22B+7.3%
EPS (adj)

$5.18

Previous: $3.03+71.0%
Book Value Per Share

$185.48

Previous: $188.90-1.8%
Book Value ex AOCI

$131.90

Previous: $124.10+6.3%
Holding Company Liquid Assets

$1.6B

Previous: $1.7B-5.9%
Ending Common Shares Outstanding

77.9M

Previous: 88.2M-11.7%
Net Income

$64M

Previous: -$1.03B+106.2%
Operating Income

$49M

Previous: -$1.31B+103.8%
Gross Profit

$625M

Previous: $131M+377.1%
Cash & Equivalents

$4.47B

Previous: $4.11B+8.9%
Total Assets

$260B

Previous: $248B+4.8%

Revenue & EPS history

Brighthouse Financial · Revenue · Quarterly

$2.38B

Q4 2021+7.3%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Brighthouse Financial · $2.38B total across 4 segments · Q4 2021

  • Net Investment Income
    $1.2B+15.8%
  • Universal Life & Policy Fees
    $906M+4.4%
  • Premiums
    $168M-12.0%
  • Other Revenues
    $101M-15.1%

Forward guidance

Brighthouse Financial believes that they remain well positioned to continue to execute on our strategy in 2022 and are committed to consistently driving shareholder value.

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 Q4 2021

Historical avgQ4 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
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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