Brighthouse Financial Q2 Adjusted EPS Misses Estimates as Investment Income Falls
BHF sits 47% above its 52-week low of $42.07.
Summary
Brighthouse Financial reported Q2 adjusted EPS of $4.45, missing the $4.86 consensus, while adjusted net income of $258M also fell short of the $279M estimate. The miss was driven by a decline in adjusted net investment income, as lower alternative investment returns offset higher base investment income. Record Shield Level Annuities sales provided a bright spot, but the earnings shortfall is the key takeaway for traders. The company also updated on its pending merger with Aquarian Capital, expecting to close in 2026 with a combined RBC ratio of 430%-450%, and disclosed $0.9B in holding company liquid assets. This follows a Q1 net loss of $792M, making the Q2 adjusted miss a second consecutive quarter of operational pressure.
At the time of this announcement, BHF was trading at $61.86 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $42.07 to $66.80. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.