Brighthouse Financial Q2 earnings miss estimates as investment income falls

Earnings
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Summary · why it matters

Brighthouse Financial reported second-quarter 2026 adjusted net income of $4.45 per share, missing the Zacks Consensus Estimate by 10.4% but growing 29.7% year over year. Total operating revenues fell 2% to $2.1 billion, below the consensus by 8.1%, driven by lower universal life and investment-type product policy fees and a 4.1% decline in adjusted net investment income to $1.2 billion. The results benefited from improved underwriting margins in the Life and Run-off segments, reduced expenses, and higher earnings in the Annuities business, though annuity sales dropped 7.1% to $2.4 billion. Shareholders' equity rose 15.4% year over year to $6.6 billion, and the estimated combined risk-based capital ratio stood between 430% and 450% as of June 30, 2026.

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