Last10K.com

Brighthouse Financial, Inc. (BHF) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

Brighthouse Financial, Inc.

CIK: 1685040 Ticker: BHF
PUBLIC RELATIONS

Brighthouse Financial, Inc.
11225 N. Community House Rd.
Charlotte, NC 28277

bhf-20191104g111.jpg
Exhibit 99.1
FOR IMMEDIATE RELEASE
Brighthouse Financial Announces Third Quarter 2019 Results
Third quarter 2019 net income available to shareholders of $676 million, or $6.06 per diluted share, driven primarily by net derivative mark-to-market gains
Adjusted earnings, less notable items*, of $260 million, or $2.33 per diluted share
Annuity sales grew 17 percent over the third quarter of 2018
Variable annuity assets of approximately $1.5 billion in excess of CTE98*
Company repurchased approximately $126 million of its common stock during the quarter
CHARLOTTE, NC, November 4, 2019
— Brighthouse Financial, Inc. ("Brighthouse Financial" or the "company") (Nasdaq: BHF) announced today its financial results for the third quarter ended September 30, 2019.
Third Quarter 2019 Results
The company reported net income available to shareholders of $676 million in the third quarter of 2019, or $6.06 per diluted share, compared with a net loss available to shareholders of $271 million in the third quarter of 2018. The company ended the third quarter of 2019 with common stockholders' equity ("book value") of $17.3 billion, or $158.18 per common share, and book value, excluding accumulated other comprehensive income ("AOCI") of $13.7 billion, or $125.53 per common share.

For the third quarter of 2019, the company reported an adjusted loss* of $169 million, or $1.52 per common share.

The adjusted loss for the quarter reflected $429 million after tax of net unfavorable notable items, or $3.85 per common share, including:

$442 million unfavorable impact related to the annual actuarial review completed in the third quarter. In addition to other updates, the company lowered its long-term mean reversion interest rate assumption from 4.25% to 3.75%, with no change to the 10-year mean reversion period.
$23 million tax benefit due to a revaluation of tax items related to the company's separation from its former parent company.
$10 million unfavorable impact as a result of establishment costs related to planned technology and branding expenses associated with the company's separation from its former parent company.

___________________
* Information regarding the non-GAAP and other financial measures included in this news release and a reconciliation of such non-GAAP financial measures to the most directly comparable GAAP measures are provided in the Non-GAAP and Other Financial Disclosures discussion below, as well as in the tables that accompany this news release and/or the Third Quarter 2019 Brighthouse Financial, Inc. Financial Supplement and/or the Third Quarter 2019 Brighthouse Financial, Inc. Earnings Call Presentation (which are available on the Brighthouse Financial Investor Relations web page at http://investor.brighthousefinancial.com). Additional information regarding notable items can be found on the last page of this news release.
1



The following information was filed by Brighthouse Financial, Inc. (BHF) on Monday, November 4, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Brighthouse Financial, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Brighthouse Financial, Inc..

Continue

Assess how Brighthouse Financial, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Brighthouse Financial, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
Legal
M & A
Other
Filter Subcategory:
All
Shares
Expense
Earnings
Product
Cash Flow
Debt
Income
Dividend
Other
Inside Brighthouse Financial, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets (Unaudited) (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Equity (Unaudited)
Consolidated Statements Of Operations And Comprehensive Income (Unaudited)
Business, Basis Of Presentation And Summary Of Significant Accounting Policies
Business, Basis Of Presentation And Summary Of Significant Accounting Policies (Narrative) (Details)
Business, Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Contingencies, Commitments And Guarantees
Contingencies, Commitments And Guarantees (Commitments And Guarantees - Narrative) (Details)
Derivatives
Derivatives (Credit Derivatives) (Details)
Derivatives (Derivatives Asset And Liability After Master Netting Arrangement Or A Similar Arrangement) (Details)
Derivatives (Derivatives Pertaining To Hedged Items - Narrative) (Details)
Derivatives (Primary Risks Managed By Derivatives) (Details)
Derivatives (Tables)
Derivatives Derivatives (Derivatives Pertaining To Hedged Items) (Details) (Details)
Derivatives Derivatives (Estimated Fair Value Of Otc-Bilateral Derivatives) (Details)
Earnings Per Common Share
Earnings Per Common Share (Details)
Earnings Per Common Share (Tables)
Equity
Equity (Components Accumulated Other Comprehensive Income (Loss)) (Details)
Equity (Preferred Stock &Amp; Common Stock Repurchase Program - Narrative) (Details)
Equity (Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)) (Details)
Equity (Tables)
Fair Value
Fair Value (Asset And Liabilities Measured - Quantitative Information) (Details)
Fair Value (Financial Instruments Carried At Other Than Fair Value) (Details)
Fair Value (Recurring Fair Value Measurements) (Details)
Fair Value (Tables)
Fair Value (Unobservable Input Reconciliation) (Details)
Insurance
Insurance (Guarantees Related To Annuity Contracts) (Details)
Insurance (Guarantees Related To Universal And Variable Life Contracts) (Details)
Insurance (Tables)
Investments
Investments (Changes In Net Unrealized Investment Gains (Losses)) (Details)
Investments (Components Of Net Investment Gains (Losses)) (Details)
Investments (Continuous Gross Unrealized Losses For Fixed Maturity Securities Afs By Sector - Narrative) (Details)
Investments (Continuous Gross Unrealized Losses For Fixed Maturity Securities Afs By Sector) (Details)
Investments (Credit Quality Of Mortgage Loans) (Details)
Investments (Fixed Maturity Securities Afs - Narrative) (Details)
Investments (Fixed Maturity Securities Afs By Sector) (Details)
Investments (Invested Assets On Deposit, Held In Trust And Pledged As Collateral - Narrative) (Details)
Investments (Invested Assets On Deposit, Held In Trust And Pledged As Collateral) (Details)
Investments (Maturities Of Fixed Maturity Securities) (Details)
Investments (Mortgage Loans - Narrative) (Details)
Investments (Mortgage Loans By Portfolio Segment) (Details)
Investments (Net Investment Income) (Details)
Investments (Net Unrealized Investment Gains (Losses)) (Details)
Investments (Other Invested Assets - Narrative) (Details)
Investments (Sales Or Disposals Of Fixed Maturity Securities) (Details)
Investments (Securities Lending - Narrative) (Details)
Investments (Securities Lending Remaining Tenor) (Details)
Investments (Securities Lending) (Details)
Investments (Tables)
Investments (Variable Interest Entities - Narrative) (Details)
Investments (Variable Interest Entities) (Details)
Long-Term Debt
Long-Term Debt - Narrative (Details)
Other Revenues And Other Expenses
Other Revenues And Other Expenses (Other Expenses) (Details)
Other Revenues And Other Expenses Other Revenues And Expenses (Tables)
Other Revenues And Other Expenses Other Revenues And Other Expenses (Other Revenues - Narrative) (Details)
Related Party Transactions
Related Party Transactions (Tables)
Related Party Transactions Related Party Transactions (Details)
Segment Information
Segment Information (Narrative) (Details)
Segment Information (Operating Results) (Details)
Segment Information (Reconciliation Of Operating Revenues To Total Revenues) (Details)
Segment Information (Tables)
Segment Information (Total Assets) (Details)

Material Contracts, Statements, Certifications & more

Brighthouse Financial, Inc. provided additional information to their SEC Filing as exhibits

Ticker: BHF
CIK: 1685040
Form Type: 10-Q Quarterly Report
Accession Number: 0001685040-19-000042
Submitted to the SEC: Tue Nov 05 2019 11:33:58 AM EST
Accepted by the SEC: Tue Nov 05 2019
Period: Monday, September 30, 2019
Industry: Life Insurance

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/bhf/0001685040-19-000042.htm