BHF - Brighthouse Financial trades higher after Q2 results beat

Brighthouse Financial ( BHF ) is trading ~5% higher after Q2 earnings beat consensus.

Q2 Non-GAAP EPS of $3.29 (vs. $5.32 Y/Y) beats by $0.77 and revenue of $3.8B (+127.5% Y/Y) beats by $1.8B.

The Y/Y EPS decrease reflects $223M of unfavorable notable items, which includes $214M of actuarial items and other insurance adjustments and $9M for establishment costs.

Net investment income for the quarter stood at $1.06B, compared to $1.21B in the year-ago period.

Premiums came in at $167M, up from the year-ago $162M.

The company repurchased $132M of common stock in Q2 and an additional $58M, on a trade date basis, through Aug. 3.

Here is a look at the company's stock repurchase trends in the last few quarters:

For Q3, consensus EPS estimate is $2.10 (-61.24% Y/Y) and consensus revenue estimate is $1.94B (-19.79% Y/Y).

For FY22, consensus EPS estimate is $11.84 and consensus revenue estimate is $8.29B.

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