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Enhancements include new Step Rate Edge feature, which is designed to provide additional growth opportunities in certain down markets ... | May 1, 2023
Operator: Good morning, ladies and gentlemen, and welcome to the Brighthouse Financial Fourth Quarter and Full Year 2022 Earnings Conference Call.
Analysts’ downgrades for Tuesday, May 10th: Affirm (NASDAQ:AFRM) was downgraded by analysts at Stephens from an equal weight rating to an underweight rating. Stephens currently has $17.00 target price on the stock, down from their previous target price of $51.00. Arch Resources (NYSE:ARCH) was downgraded by analysts at Zacks Investment Research from a strong-buy rating […]
Brighthouse Financial, Inc. announced today its financial results for the fourth quarter and full year ended December 31, 2021. Annuity sales decreased 20% quarter-over-quarter, driven by lower sales of fixed deferred annuities, partially offset by a 14% increase in total sales of variable and Shield Level annuities, and were flat sequentially.
Brighthouse Financial showed strong sales in its Shield Level index-linked annuities and in its SmartCare indexed universal life insurance with a long-term care component, although some losses dragged on the company’s bottom line