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Brighthouse Financial Posts Higher Q1 Earnings

05/10/2021 12:58

04:56 PM EDT, 05/10/2021 (MT Newswires) -- Brighthouse Financial (BHF) reported Monday Q1 adjusted earnings of $4.36 per diluted share, up from $2.01 per share a year ago and ahead of estimates compiled by Capital IQ for $2.50 per share.

Total revenue for the quarter fell to $938 million from $8.99 billion a year earlier amid a $1.50 billion derivative loss. Last year, the company reported $6.90 billion in derivative gains.

Annuity sales increased 8% over the first quarter of 2020, the company said.

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