BHF - Brighthouse Financial Q4 reflects strong sales growth broader distribution

Brighthouse Financial (BHF) Q4 earnings blow past the consensus estimate as the company realized continued strong sales growth despite headwinds from COVID-19, the company said.Q4 adjusted EPS, less notable items, of $3.03, vs. consensus of $2.74; declines from $4.19 in Q3 and $ a year ago." We grew sales, enhanced our product portfolio with the launch of two new products, continued to expand our broad distribution network, repurchased more of our common stock, and completed the revision of our hedging strategy," said President and CEO Eric Steigerwalt.Q4 adjusted net investment income of $1.04B vs. $1.00B in Q3 and $904M in Q4 2019.Q4 total revenue of $2.22B vs. consensus of $2.07B, $2.16B in Q3 and $2.16B in Q4 2019.Annuities sales $2.95B increased 58% Y/Y and 26% Q/Q.Life sales of $15M rose 25% Y/Y and 15% Q/Q.Book value, excluding AOCI, of $124.10 vs. $132.55 at Sept. 30.Estimated combined risk-based capital ratio ~485%.Conference call

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Brighthouse Financial Q4 reflects strong sales growth, broader distribution