NASDAQ$BHF
Brighthouse Financial Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Brighthouse Financial reported a net loss for Q4 2023 and highlighted its strong capitalization and liquidity.
Brighthouse Financial reported a net loss of $942 million for the fourth quarter of 2023, or $14.70 per diluted share. Adjusted earnings, less notable items, were $189 million, or $2.92 per diluted share. The company's estimated combined RBC ratio was approximately 420%, and holding company liquid assets were $1.3 billion.
- Estimated combined risk-based capital ("RBC") ratio of approximately 420%; holding company liquid assets of $1.3 billion
- $350 million total subsidiary dividends paid to the holding company in the fourth quarter of 2023
- The company repurchased $250 million of its common stock in full year 2023, reducing shares outstanding relative to year-end 2022 by 7%; repurchased an additional approximately $30 million year-to-date through February 9, 2024
- Annuity sales for full year 2023 of $10.6 billion, driven by strong sales of Shield Level annuities
Headline financials
Revenue & EPS history
Brighthouse Financial · Revenue · Quarterly
$737M
Revenue by segment
Brighthouse Financial · $2.06B total across 4 segments · Q3 2023
- Net Investment Income$1.2B+37.1%58.3%
- Universal Life & Policy Fees$542M-30.8%26.3%
- Premiums$194M+19.8%9.4%
- Other Revenues$125M+3.3%6.1%
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 2023
-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
| Quarter | Report date | Reaction (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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