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Brighthouse Financial ( (BHF) ) has issued an announcement.
Brighthouse Financial announced its financial results for the fourth quarter and full year of 2024, revealing significant progress and growth. The company achieved a net income of $646 million in Q4 2024, reversing a loss from the same period in 2023, and reported record annuity and life insurance sales for the year. Strategic initiatives, including a reinsurance transaction and hedging strategies, contributed to an improved estimated combined RBC ratio of 400% and reduced corporate expenses by 7% compared to 2023. Additionally, Brighthouse Financial repurchased $250 million of its common stock in 2024, demonstrating a robust financial position and commitment to shareholder value.
More about Brighthouse Financial
Brighthouse Financial operates in the insurance industry, focusing on life insurance and annuity products. The company is known for its Shield Level Annuities and Brighthouse SmartCare, targeting a diverse range of customers looking for financial security and investment opportunities.
YTD Price Performance: 22.90%
Average Trading Volume: 489,225
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.56B
For detailed information about BHF stock, go to TipRanks’ Stock Analysis page.
