Brighthouse Financial Third Quarter 2024 Earnings: Misses Expectations

In This Article:

Brighthouse Financial (NASDAQ:BHF) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$2.02b (up 73% from 3Q 2023).

  • Net income: US$150.0m (down 67% from 3Q 2023).

  • Profit margin: 7.4% (down from 39% in 3Q 2023). The decrease in margin was driven by higher expenses.

  • EPS: US$2.48 (down from US$6.93 in 3Q 2023).

earnings-and-revenue-growth
NasdaqGS:BHF Earnings and Revenue Growth November 10th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Brighthouse Financial Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 5.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Brighthouse Financial's balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Waiting for permission
Allow microphone access to enable voice search

Try again.