Brighthouse Financial, Inc. reported its financial results for the first quarter of 2025, revealing a net loss attributable to common shareholders of $294 million, a significant improvement from a loss of $519 million in the same period last year. The company’s total revenues for the quarter reached $2.39 billion, compared to just $74 million in the prior year, driven by a notable increase in net derivative gains and a rise in net investment income, which totaled $1.3 billion, up from $1.25 billion in 2024. The improved performance was attributed to favorable changes in the estimated fair value of derivatives and a reduction in losses from variable annuity guaranteed benefit riders.
In terms of operational metrics, Brighthouse's total assets decreased to $234.68 billion as of March 31, 2025, down from $238.54 billion at the end of 2024. The company’s liabilities also saw a decline, totaling $229.38 billion, compared to $233.51 billion previously. The decrease in both assets and liabilities was primarily driven by changes in policyholder account balances and market risk benefits. The company reported a total of 57,408,986 shares of common stock outstanding as of May 6, 2025.
Brighthouse Financial has made strategic adjustments in its product offerings, particularly in its Annuities and Life segments. The Annuities segment generated $1.59 billion in revenues, while the Life segment contributed $281 million. The company has also focused on managing its investment portfolio, which includes a diverse range of fixed maturity securities, mortgage loans, and limited partnerships. The total investments stood at $117.26 billion, with fixed maturity securities accounting for a significant portion of this figure.
Looking ahead, Brighthouse Financial expressed cautious optimism regarding its future performance, emphasizing the importance of market conditions and interest rates on its operations. The company is closely monitoring economic trends, including inflation and capital market volatility, which could impact its profitability and liquidity. Management remains committed to maintaining a strong capital position and has plans to continue its share repurchase program, with $484 million remaining under its current authorization. The company’s outlook reflects a focus on enhancing operational efficiency and adapting to changing market dynamics.
About Brighthouse Financial, Inc.
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