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Brighthouse (bhf) Q2 Eps Drops 38%

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Brighthouse Financial (NASDAQ:BHF), a major U.S. provider of annuities and life insurance, reported its earnings for the second quarter of fiscal 2025 on August 7, 2025. The most significant headline from the release was a major shortfall in adjusted (non-GAAP) earnings per share (EPS), with Adjusted EPS of $3.43 came in 21.7% below analyst expectations of $4.38. GAAP revenue, however, outpaced forecasts by 18.1%, totaling $2.6 billion against a $2.2 billion estimate. The quarter marks a period of positive sales momentum, especially in annuities, but exposes key areas of weakness in profitability—particularly in the Life and Run-off business segments. Overall, the quarter showcased ongoing capital strength but highlighted pressures in underlying earnings and margin quality.

Source: Analyst estimates for the quarter provided by FactSet.

Brighthouse Financial offers a broad portfolio of annuity and life insurance products, targeting retirees and individuals seeking both income stability and financial protection. It focuses on independent distribution partners, rather than a captive sales force, to reach a broad swath of customers at lower acquisition cost. Its stability and reputation in annuities stem from products like Shield Level Annuities, which mix variable upside with some protection from market declines.

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