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Growth in Shield Annuities to drive Brighthouse Financial in 2018

Published 02/12/2018, 07:10 PM
© Reuters.  Growth in Shield Annuities to drive Brighthouse Financial in 2018
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  • Brighthouse Financial (BHF +2.2%) reported Q4 2017 net income of $668 million vs. a loss of $1.765B last year.
  • Q4 2017 Earnings beat consensus by $0.30 per share
  • Annuity sales grew +26% Y/Y, driven by strong sales of Shield annuities which increased +74% Q/Q and +22%Y/Y.
  • The CEO highlighted Shield Annuity sales as the main driver of growth, both this quarter and through the coming year.
  • Variable annuity assets above CTE95 increased to $2.6B, driven by strong market performance.
  • Corporate & Other (which includes net investment income) had adjusted earnings of $859M in the current quarter, compared to adjusted earnings of $20M last year.
  • Conference call at 8:00 am EST Tomorrow
  • Previously: Brighthouse Financial beats by $1.16, misses on revenue (Nov. 1, 2017)
  • Now read: FBL Financial Group Inc. 2017 Q4 - Results - Earnings Call Slides


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