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Brighthouse Financial (BHF) Reports Q2 Earnings: What Key Metrics Have to Say

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Brighthouse Financial (BHF - Free Report) reported $2.1 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 2.4%. EPS of $4.45 for the same period compares to $3.43 a year ago.

The reported revenue represents a surprise of -8.14% over the Zacks Consensus Estimate of $2.29 billion. With the consensus EPS estimate being $4.98, the EPS surprise was -10.64%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Brighthouse Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Net flows - Variable and Shield Level Annuities: $-2.42 billion versus $-2.25 billion estimated by two analysts on average.
  • Variable and Shield Level Annuities Account Value, end of period: $132.98 billion compared to the $126.58 billion average estimate based on two analysts.
  • Net flows - Fixed Annuities: $-711 million compared to the $-438.41 million average estimate based on two analysts.
  • Universal Life with Secondary Guarantees Account Value, end of period: $4.32 billion versus $4.32 billion estimated by two analysts on average.
  • Revenues- Universal life and investment-type product policy fees: $570 million versus $540.08 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.1% change.
  • Revenues- Premiums: $165 million versus $170.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.6% change.
  • Revenues- Other revenues: $129 million compared to the $145.5 million average estimate based on three analysts. The reported number represents a change of -9.8% year over year.
  • Revenues- Net investment income: $1.24 billion versus $1.3 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.4% change.
  • Adjusted Revenues- Annuities- Premiums: $68 million compared to the $68.46 million average estimate based on two analysts. The reported number represents a change of +13.3% year over year.
  • Adjusted Revenues- Annuities- Universal life and investment-type product policy fees: $393 million versus $369.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.1% change.
  • Adjusted Revenues- Annuities- Net investment income: $799 million versus $768.47 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change.
  • Adjusted Revenues- Annuities- Other revenues: $144 million versus the two-analyst average estimate of $129.5 million. The reported number represents a year-over-year change of +11.6%.

View all Key Company Metrics for Brighthouse Financial here>>>

Shares of Brighthouse Financial have returned -4% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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