Brighthouse Financial falls after Q1 revenue miss

Brighthouse Financial

08/05/2024 18:57

** Life insurer Brighthouse Financial's  BHF.O  shares hit
two-month low, last down 9.5% at $46.24
    ** Company's adjusted revenue rose 3% to $2.05 bln in Q1,
but fell short of analysts' expectations of $2.14 bln, according
to LSEG data
    ** Losses on company's derivative investments, which are
used for hedging, were $1.92 bln compared with $575 mln last
year
    ** Profit, however, was better-than-expected, company said
    ** YTD as of last close, stock down 3.5%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))