Brighthouse Financial, Inc. reported net income available to shareholders of $176 million, or $2.47 per diluted share, for the third quarter ended September 30, 2024. This financial update was released on November 7, 2024, providing a snapshot of the company's performance.
The company experienced a statutory net loss of $1.3 billion through the third quarter of 2024, indicating challenges in its legacy business. Statutory combined total adjusted capital also saw a decline of 9.5%, falling to $5.7 billion at the end of Q3 2024 from $6.3 billion at year-end 2023.
Despite the reduction in statutory capital, Brighthouse Financial maintained an estimated combined Risk-Based Capital (RBC) ratio between 400% and 420% at the close of the third quarter. This ratio remains within the company's stated target range of 400% to 450% under normal market conditions.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.